Whole Life Legacy 2 Pay Basic Life Insurance Illustration Prepared for: d Client Male, Age 4 Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Independent Insurane And Financial Consulting 5 Harborfields Ct Greenlawn, NY 1174 Agent License Number: LA-62645 Telephone Number: 631-86-3568 May 3, 213 CRN: 21412-13642 Page 1 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Illustration Summary Prepared for: Underwriting Class: Client Information d Client, Male, Age 4 Ultra Preferred Non-Tobacco All face amounts, premiums, riders and underwriting classes are subject to Home Office approval. Issuing Company: Policy: Generic Policy Name: Policy Form Number: Policy Information Massachusetts Mutual Life Insurance Company Limited Payment Whole Life with s Payable for 2 s Whole Life Policy WL-NY-27 Initial Coverage Information Base Policy Face Amount (BPFA): $1,,. Initial Death : $1,,. Initial Information Payment Mode: Base : Waiver of (WP) : Accelerated Death for Terminal Illness Rider: Transfer of Insured Rider: $22,5. 34. No Charge No Charge Initial : $22,39. Initial Dividend Option Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all Non-Guaranteed values shown in this illustration. Important Information This illustration assumes that the currently illustrated non-guaranteed elements will continue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown. Changing the premium payment mode may increase the overall cost of the policy. Please see Payment Options in the Narrative Summary for more information. As illustrated, this policy would not become a Modified Endowment Contract (MEC) under the Internal Revenue Code based on the assumptions in this illustration. Please see the IMPORTANT TAX INFORMATION section of the Narrative Summary for more information. Policy Changes Your Illustration may show Policy Changes, such as face amount decreases, dividend option changes, the Alternate Payment Option (APO) strategy, loans, surrenders or changes to certain Rider premiums. Policy changes are not automatic. You must submit a request to our Home Office. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 2 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Narrative Summary What This Illustration Shows This illustration describes the important features of this MassMutual Whole Life Legacy 2 Pay life insurance policy and shows values over time on a guaranteed and nonguaranteed basis. It is designed to help you understand how this policy works. It is not a projection of how it will perform. The following pages provide a summary (and year-by-year figures) for required premiums, cash surrender values and death benefits, anticipated out-of-pocket premium payments, and other values for this policy. Many of the current values contained in this illustration depend on non-guaranteed dividends. What is Whole Life Legacy 2 Pay? IMPORTANT INFORMATION ABOUT DIVIDENDS Whole Life Legacy 2 Pay is a permanent life insurance policy providing a guaranteed face amount. s are payable for 2 years. The duration of premiums for riders varies according to the terms of the rider. The policy provides for cash value accumulation and for the payment of dividends as may be determined by the Company. As a MassMutual participating policyholder, you are eligible to receive an equitable portion of the Company's earnings, known as "divisible surplus", in the form of policy dividends. The surplus from which dividends are paid comes primarily from three sources: 1. Mortality Savings - The favorable margin between actual death claim experience and the amount expected based on the mortality table used to determine the premium. 2. Investment Earnings - Earnings on Company investments that exceed the guaranteed interest required to build up death benefit reserves and meet contractual obligations. The guaranteed interest rate for a particular policy or rider is set at issue and does not change over the life of the policy. The guaranteed interest rate is reflected in the policy's guaranteed cash value increases. 3. Expenses - The difference between actual expenses incurred and the expenses assumed in determining the premium. This illustration assumes that the dividend option is Paid-Up Additions for all years shown. The annual dividend, if any, is used to buy additional level paid-up life insurance, adding to the policy's death benefit and total cash value. "Paid-up" means that no further premiums are required on the additional life insurance. This additional insurance is also eligible to receive dividends. Paid-up additions may be surrendered for their cash value as long as they are not being used as collateral for policy debt. Non-guaranteed values are based on the 213 dividend scale. This illustration assumes a policy with an adjustable policy loan interest rate provision. It is important to understand that the payment of dividends is not guaranteed; dividends are a reflection of conditions that affect the Company and the cost of insurance. Dividend performance may, and most likely will, change over time. For this reason we strongly recommend that you look at an illustration showing a lower dividend scale to see the impact that this would have on policy values. This illustration is neither a projection nor an estimate of future results. Transfer of policy ownership to a qualified pension or profit sharing plan could result in different dividends. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 3 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Narrative Summary IMPORTANT TAX INFORMATION As illustrated, this policy would not become a Modified Endowment Contract (MEC) under the Internal Revenue Code based on the assumptions in this illustration. Changes to the policy could cause the policy to become a MEC or change the year that the policy is illustrated to become a MEC. A Modified Endowment Contract (MEC) distinguishes between a policy purchased primarily for death protection and a policy purchased primarily for the tax advantages afforded to life insurance cash values. Once a policy is classified as a MEC, it receives less advantageous federal income tax treatment (see below). To determine if a contract is a MEC, a premium limit (the MEC limit) is established for the maximum amount of premium allowed during the first seven years, based upon rules set by the Internal Revenue Code. Under the MEC test, a MEC results if the cumulative amount paid at any time in the first seven years exceeds the cumulative MEC limit applicable in that policy year. Certain changes to the policy can subject the policy to MEC testing beyond the first seven years or can cause premiums already paid to be re-tested. Taking a policy loan could have adverse tax consequences. If your aggregate policy loans substantially exceed your cost basis, you may incur a significant income tax liability if the policy terminates before the insured's death. You may have to make substantial payments to cover policy premiums and policy loan interest to prevent the termination of the policy and to avoid the potential income tax liability. Some of the indications that such a situation may arise include: (1) high outstanding debt relative to the policy's cash value and (2) lower than illustrated dividends. You can reduce the likelihood that either will incur a significant income tax liability should your policy terminate before the death of the insured, or that you will need to make substantial payments to cover policy premium and pay policy loan interest to keep your policy from terminating, by monitoring and reviewing all aspects of your policy on a regular basis with your tax advisor, your financial representative, and/or any other financial advisor you might have. Surrenders and distributions are subject to income tax to the extent they exceed the policy's cost basis. If the policy is a MEC, distributions and loans are taxable to the extent of gain and are subject to a 1% tax penalty. Death benefit proceeds from this policy are generally excludable from the beneficiary's gross income for income tax purposes (IRC Section 11(a)(1)). Policy loans on non-mec policies are not treated as distributions or subject to income tax when taken (IRC Section 72). However, if the policy is not held until death, taxes are generally due on surrender or lapse and may in fact exceed the policy's Surrender if prior loans and surrenders were extensive. The information provided above is not written or intended as specific tax advice and may not be relied on for purposes of avoiding any federal tax penalty. Individuals are strongly encouraged to seek advice from their own personal tax or legal counsel. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 4 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Narrative Summary Additional Riders Illustrated Accelerated Death for Terminal Illness Rider (ABR) Transfer of Insured Rider (TIR) Waiver of Rider (WP) The Accelerated Death for Terminal Illness Rider allows the policy owner to receive an advance of policy death benefits when MassMutual receives satisfactory proof the insured has a terminal illness expected to result in death within the period set forth in the Rider. The funds may be used for any purpose. This rider terminates upon acceleration. There is no cost for the addition of this rider however there is a fee if the rider is exercised. The Transfer of Insured Rider provides the policyholder with the right to transfer or exchange a new insured in place of the current insured under the policy, provided an insurable interest exists between the owner and the substitute insured, the new insured is not older than age 75 and evidence of insurability is provided. There is no annual premium for this rider however there is a cost due if the rider is exercised. This rider provides for the waiving of policy premiums for certain periods and under certain circumstances, if the insured becomes totally disabled, as defined in the rider prior to age 6 and remains disabled for at least six months. Temporary waiver benefits also are available for total disability beginning after age 59, but prior to age 65. s are payable to age 65 or the end of the premium paying period of the policy, if earlier. The waiver of premium amount shown assumes no waiver of premium coverage under other individual policies in this Company. The availability of this rider is subject to Company limits. Interest Adjusted Cost (IAC) Comparison Index Life Insurance Surrender Cost Index Life Insurance Payment Cost Index 1 $5.57 $19.9 Policy 2 $3.17 $16.87 The Interest Adjusted Cost Comparison Indices provide two means of comparing the relative cost of similar plans of insurance issued by the same company or by different companies. A low index number represents a lower cost than a higher one. These indices reflect the time value of money by applying a 5% interest factor to policy premiums, dividends, and for the surrender cost index, the 1 and 2 year cash values. The dividends used in calculating these indices are based on the current year's scale and are neither guarantees nor estimates of future dividends. The indices do not consider: (1) the value of the services of an agent or company; (2) the relative strength and reputation of the Company and its actual dividend performance; or (3) differences in the policy provisions. Additional Information About This Illustration The fully allocated expense method is used to allocate overhead expenses for all illustrations. This illustration, using a 5.% policy loan interest rate, is for a policy issued in New York on May, 213. This rate may change on each policy anniversary date. A higher policy loan interest rate can impact policy values and the amounts available for future loans. For this reason, we strongly recommend that you look at a hypothetical higher loan interest rate available upon request. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 5 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Narrative Summary This illustration assumes no further loans after policy year 81. It also assumes payment of interest when due. In any year that loan interest due is borrowed, it is assumed that the individual pays the interest in full and, in a separate transaction, borrows the after-tax cost of the interest (if possible) from the cash surrender value. Outlay is based on a tax bracket of 35%. This illustration does not recognize the time value of money and should not be used to compare policy costs. See IAC section of the Narrative Summary page for policy cost information. Column Heading Definitions Age Dividend Loan Beg Outlay Beg Outlay Beg Surrender Beg Basic Policy of Additions Contract Beg Guaranteed Guaranteed Death The age of the insured at the end of the policy year. The total amount of annual dividend payable. These values are based on the illustrated dividend scale and are not guaranteed. The amount of loan taken minus loan repayments made at the beginning of the policy year. This includes any amount of unpaid interest. This is the out-of-pocket cost, which is comprised of the Contract and adjusted for any dividends, Paid-Up Additions, cash value released, loans taken, loan repayments made or taxes due at the beginning of the policy year. The annual outlay at the beginning of the policy year. This is the out-of-pocket cost, which is comprised of the Contract adjusted for any dividends, Paid-Up Additions surrendered, cash value released, loans taken and loan repayments made. The amount of dividends used and/or Paid-Up Additions surrendered. These values are based on the illustrated dividend scale and are not guaranteed. The guaranteed cash value of the base policy as of the end of the policy year. This does not include the cash value from Paid-Up Additions (PUA) or any other policy riders. The total cash value as of the end of the policy year of the Paid-Up Additions purchased by dividends earned on the base policy. These values are based on the illustrated dividend scale and are not guaranteed. The gross premium that is required to be paid at the beginning of the policy year for the benefits shown in this illustration. The cash value which is guaranteed under this policy based upon the illustrated Contract for Guaranteed s as of the end of the policy year. The amount of death benefit which is guaranteed to be payable for this policy at death based upon the illustrated Contract for Guaranteed s as of the end of the policy year. The cash value as of the end of the policy year reduced by outstanding loans and loan interest. These values are based on the illustrated dividend scale and are not guaranteed. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 6 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Narrative Summary Death Paid-Up Additions of Additions Death Outstanding Loan Paid-Up Additions Paid-Up Insurance The death benefit of the policy as of the end of the policy year reduced by outstanding loans and loan interest. These values are based on the illustrated dividend scale and are not guaranteed. The additional paid-up insurance death benefit as of the end of the policy year purchased by dividends earned on the base policy. These values are based on the illustrated dividend scale and are not guaranteed. The total cash value as of the end of the policy year including all guaranteed and nonguaranteed values. These values are based on the illustrated dividend scale and are not guaranteed. The total cash value as of the end of the policy year of the Paid-Up Additions purchased by dividends. These values are based on the illustrated dividend scale and are not guaranteed. This is the amount that would be payable if death occurred at the end of the policy year. These values are based on the illustrated dividend scale and are not guaranteed. The loan principal as of the end of the policy year including any prior year capitalized loan interest. The death benefit at the end of the policy year of additional paid-up insurance purchased with dividends. These values are based on the illustrated dividend scale and are not guaranteed. The amount of fully paid-up insurance that could be purchased if the policy were converted to a fully paid-up policy as of the end of the policy year. These values are based on the illustrated dividend scale and are not guaranteed. The number of years the policy is assumed to have been in force at the end of the policy year. Key Terms Used in the Illustration Beg Death Midpoint Assumptions Attained Age The first day of the policy year. All premium payments and other outlays are assumed to be made at the beginning of the year. The last day of the policy year. Dividends are assumed to be credited on this date. All cash values are shown as of the end of the policy year. The amount payable upon death of the insured. s are calculated assuming that the dividends are reduced by 5% and any policy charges included are an average between the current and guaranteed charges. Issue age plus policy duration years. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 7 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Narrative Summary Payment Options: You may pay premiums once a year (annually), twice a year (semiannually), four times a year (quarterly) or twelve times a year (monthly). You may pay premiums twelve times a year (monthly) only by pre-authorized electronic transfer. If you pay annual premiums by installments, there will be an additional charge. The additional charge is shown in dollars and as annual percentage rates in the table below. Frequency Payment (Including Installment Payment Charge) Number of Payments Per Per Additional Charge (In Dollars) Additional Charge (As the Percentage Rate or APR) $22,39. 1 $22,39. $. - Semiannual $11,456.97 2 $22,913.94 $523.94 9.6% Quarterly $5,796.78 4 $23,187.12 $797.12 9.5% Monthly $1,947.93 12 $23,375.16 $985.16 9.5% Consider Additional Coverage In some cases, the cost per unit of the Whole Life Legacy 2 Pay policy may be lower with a higher Base Policy Face Amount. You should consult with your agent about whether applying for more coverage is appropriate. Additional underwriting requirements may apply to larger face amounts, and premiums may be higher. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 8 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Policy: Limited Payment Whole Life with s Payable for 2 s Base Policy Face Amount: $1,, Riders: ABR TIR WP : $22,39. Numeric Summary and Signature Page Dividend Option: Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all Non-Guaranteed values shown in this illustration. To help you understand how changes in non-guaranteed dividends may affect your future policy values, this Numeric Summary and Signature Page shows how your policy would perform based on each of the following dividend scenarios: 1) Guaranteed: The guaranteed policy values, i.e., zero dividends. 2) Non-Guaranteed Midpoint: 5% of the Company's currently illustrated dividend. 3) Non-Guaranteed Current: The Company's currently illustrated dividend. Non-Guarant eed s Guaranteed s Midpoint Assumptions Current Assumptions Contract Death Death Death 5 22,39 71,69 1,, 75,445 1,12,643 79,395 1,25,941 1 22,39 189,17 1,, 23,294 1,4,381 218,814 1,84,757 2 22,39 475,68 1,, 563,661 1,184,958 669,52 1,47,463 Age 7 616,82 1,, 868,443 1,47,935 1,215,537 1,97,651 I have received a copy of this illustration and understand that any non-guaranteed elements illustrated are subject to significant fluctuations and could be either higher or lower. The agent has told me they are not guaranteed. I understand that this illustration is not a contract. I also understand that any policy changes reflected in this illustration are not automatic, but must be submitted in writing to the Home Office. The terms of the policy constitute the actual agreement of coverage. I further understand I have the right to request a hypothetical lower scale illustration to see the potential impact of a lower dividend interest rate on my policy values. I have read and understand the IMPORTANT TAX INFORMATION section in the Narrative Summary. Applicant (At time of application) Owner (At time of delivery) Date I certify that this illustration has been presented to the applicant and that I have explained that any non-guaranteed elements illustrated are subject to change. I have made no statements that are inconsistent with this illustration. Agent Date Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 9 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Policy: Limited Payment Whole Life with s Payable for 2 s Base Policy Face Amount: $1,, Riders: ABR TIR WP : $22,39. Tabular s Dividend Option: Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all Non-Guaranteed values shown in this illustration. ====Non-Guaranteed s==== Age End Contract Beg Guaranteed _ Guaranteed Death Dividend of Additions Paid-Up Additions Death Paid-Up Insurance 1 41 22,39 4,67 1,, 1,9 1,9 5,76 4,22 1,4,22 22,25 2 42 22,39 9,74 1,, 1,241 2,369 12,19 8,826 1,8,826 45,111 3 43 22,39 29,74 1,, 1,398 3,849 33,589 13,859 1,13,859 12,949 4 44 22,39 5,39 1,, 1,621 5,62 55,992 19,52 1,19,52 194,924 5 45 22,39 71,69 1,, 1,912 7,75 79,395 25,941 1,25,941 267,313 6 46 22,39 93,65 1,, 2,236 1,199 13,849 33,223 1,33,223 338,272 7 47 22,39 116,32 1,, 3,7 13,61 129,93 42,91 1,42,91 49,564 8 48 22,39 139,72 1,, 3,923 17,984 157,74 54,872 1,54,872 481,186 9 49 22,39 164,1 1,, 4,721 23,3 187,31 68,816 1,68,816 553,221 1 5 22,39 189,17 1,, 5,575 29,644 218,814 84,757 1,84,757 625,613 11 51 22,39 213,94 1,, 6,983 37,64 251,544 14,85 1,14,85 696,257 12 52 22,39 239,56 1,, 8,447 47,282 286,842 126,726 1,126,726 768,86 13 53 22,39 265,99 1,, 1,52 58,865 324,855 152,822 1,152,822 843,364 14 54 22,39 293,27 1,, 11,757 72,59 365,779 182,398 1,182,398 92,128 15 55 22,39 321,37 1,, 13,69 88,46 49,776 215,583 1,215,583 999,26 16 56 22,39 35,29 1,, 14,778 15,924 456,214 25,536 1,25,536 1,79,56 17 57 22,39 38,1 1,, 15,962 125,118 55,218 287,173 1,287,173 1,159,582 18 58 22,39 41,84 1,, 17,279 146,147 556,987 325,676 1,325,676 1,241,197 19 59 22,39 442,69 1,, 18,58 169, 611,69 365,73 1,365,73 1,323,747 2 6 22,39 475,68 1,, 19,852 193,822 669,52 47,463 1,47,463 1,47,463 21 61 489,48 1,, 22,685 222,13 711,61 453,89 1,453,89 22 62 53,41 1,, 24,297 252,749 756,159 52,74 1,52,74 23 63 517,39 1,, 26,19 285,877 83,267 552,537 1,552,537 24 64 531,38 1,, 28,64 321,671 853,51 65,351 1,65,351 25 65 545,41 1,, 3,78 36,243 95,653 66,499 1,66,499 Current s Coverage Face Amount ly Semi-ly Quarterly Monthly Base Policy Insurance 1,, 22,5. 11,282.99 5,78.75 1,918.35 Waiver 1,, 34. 173.98 88.3 29.58 Non-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 213 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the Narrative Summary for assumptions, explanations and additional information. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 1 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Policy: Limited Payment Whole Life with s Payable for 2 s Base Policy Face Amount: $1,, Riders: ABR TIR WP : $22,39. Tabular s Dividend Option: Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all Non-Guaranteed values shown in this illustration. ====Non-Guaranteed s==== Age End Contract Beg Guaranteed _ Guaranteed Death Dividend of Additions Paid-Up Additions Death Paid-Up Insurance 26 66 559,47 1,, 32,154 41,684 961,154 717,972 1,717,972 27 67 573,6 1,, 34,34 446,132 1,19,732 777,776 1,777,776 28 68 587,87 1,, 36,463 493,695 1,81,565 839,82 1,839,82 29 69 62,26 1,, 38,746 544,526 1,146,786 94,138 1,94,138 3 7 616,82 1,, 41,27 598,717 1,215,537 97,651 1,97,651 31 71 631,49 1,, 43,56 656,516 1,288,6 1,39,63 2,39,63 32 72 646,23 1,, 46,235 718,75 1,364,35 1,111,175 2,111,175 33 73 66,83 1,, 49,439 783,737 1,444,567 1,185,989 2,185,989 34 74 675,34 1,, 52,718 853,664 1,529,4 1,264,51 2,264,51 35 75 689,78 1,, 56,47 927,964 1,617,744 1,345,34 2,345,34 36 76 74,14 1,, 59,519 1,6,81 1,71,941 1,429,831 2,429,831 37 77 718,41 1,, 62,629 1,89,834 1,88,244 1,517,8 2,517,8 38 78 732,52 1,, 65,99 1,177,148 1,99,668 1,66,984 2,66,984 39 79 746,35 1,, 69,414 1,268,787 2,15,137 1,699,989 2,699,989 4 8 759,8 1,, 73,127 1,364,778 2,124,578 1,796,234 2,796,234 41 81 772,87 1,, 77,65 1,465,32 2,238,19 1,895,946 2,895,946 42 82 785,46 1,, 81,359 1,57,549 2,356,9 1,999,528 2,999,528 43 83 797,65 1,, 85,468 1,68,391 2,478,41 2,16,677 3,16,677 44 84 89,45 1,, 89,498 1,794,748 2,64,198 2,217,244 3,217,244 45 85 82,85 1,, 93,696 1,913,72 2,734,57 2,331,389 3,331,389 46 86 831,76 1,, 99,34 2,38,496 2,87,256 2,45,823 3,45,823 47 87 842,11 1,, 15,42 2,169,282 3,11,392 2,576,8 3,576,8 48 88 851,88 1,, 19,876 2,34,325 3,156,25 2,74,988 3,74,988 49 89 861,7 1,, 114,187 2,443,371 3,34,441 2,837,598 3,837,598 5 9 869,7 1,, 118,344 2,586,23 3,455,93 2,973,673 3,973,673 51 91 877,83 1,, 122,269 2,732,648 3,61,478 3,112,958 4,112,958 52 92 885,81 1,, 125,368 2,882,858 3,768,668 3,254,488 4,254,488 53 93 893,77 1,, 128,216 3,36,98 3,93,75 3,397,944 4,397,944 54 94 91,92 1,, 13,735 3,195,48 4,97,328 3,542,896 4,542,896 55 95 91,54 1,, 133,66 3,359,15 4,269,555 3,689,36 4,689,36 Non-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 213 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the Narrative Summary for assumptions, explanations and additional information. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 11 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Policy: Limited Payment Whole Life with s Payable for 2 s Base Policy Face Amount: $1,, Riders: ABR TIR WP : $22,39. Tabular s Dividend Option: Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all Non-Guaranteed values shown in this illustration. ====Non-Guaranteed s==== Age End Contract Beg Guaranteed _ Guaranteed Death Dividend of Additions Paid-Up Additions Death Paid-Up Insurance 56 96 92,1 1,, 134,988 3,529,27 4,449,37 3,835,746 4,835,746 57 97 931,73 1,, 136,51 3,71,39 4,642,12 3,982,259 4,982,259 58 98 946,87 1,, 136,653 3,97,335 4,854,25 4,126,58 5,126,58 59 99 968,7 1,, 133,931 4,128,75 5,96,82 4,264,929 5,264,929 6 1 1,, 1,, 126,235 4,391,163 5,391,163 4,391,163 5,391,163 61 11 1,, 1,, 349,143 4,74,36 5,74,36 4,74,36 5,74,36 62 12 1,, 1,, 371,558 5,111,864 6,111,864 5,111,864 6,111,864 63 13 1,, 1,, 395,412 5,57,275 6,57,275 5,57,275 6,57,275 64 14 1,, 1,, 42,797 5,928,72 6,928,72 5,928,72 6,928,72 65 15 1,, 1,, 447,812 6,375,885 7,375,885 6,375,885 7,375,885 66 16 1,, 1,, 476,562 6,852,446 7,852,446 6,852,446 7,852,446 67 17 1,, 1,, 57,157 7,359,64 8,359,64 7,359,64 8,359,64 68 18 1,, 1,, 539,717 7,899,32 8,899,32 7,899,32 8,899,32 69 19 1,, 1,, 574,366 8,473,686 9,473,686 8,473,686 9,473,686 7 11 1,, 1,, 611,241 9,84,927 1,84,927 9,84,927 1,84,927 71 111 1,, 1,, 65,482 9,735,49 1,735,49 9,735,49 1,735,49 72 112 1,, 1,, 692,243 1,427,653 11,427,653 1,427,653 11,427,653 73 113 1,, 1,, 736,685 11,164,338 12,164,338 11,164,338 12,164,338 74 114 1,, 1,, 783,981 11,948,319 12,948,319 11,948,319 12,948,319 75 115 1,, 1,, 834,312 12,782,631 13,782,631 12,782,631 13,782,631 76 116 1,, 1,, 887,875 13,67,55 14,67,55 13,67,55 14,67,55 77 117 1,, 1,, 944,876 14,615,382 15,615,382 14,615,382 15,615,382 78 118 1,, 1,, 1,5,538 15,62,919 16,62,919 15,62,919 16,62,919 79 119 1,, 1,, 1,7,93 16,691,12 17,691,12 16,691,12 17,691,12 8 12 1,, 1,, 1,138,793 17,829,85 18,829,85 17,829,85 18,829,85 81 121 1,, 1,, 1,211,94 19,41,79 2,41,79 19,41,79 2,41,79 Non-guaranteed values include dividends which are neither estimates nor guarantees, but are based on the 213 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the Narrative Summary for assumptions, explanations and additional information. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 12 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Policy: Limited Payment Whole Life with s Payable for 2 s Base Policy Face Amount: $1,, Riders: ABR TIR WP : $22,39. Supplemental s Dividend Option: Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all Non-Guaranteed values shown in this illustration. ====Non-Guaranteed s==== Age End Outlay Beg Loan Beg Surrender Beg Outlay Beg Dividend Basic Policy _ of Additions _ Outstanding Loan Paid-Up Additions Death _ 1 41 22,39 22,39 1,9 4,67 1,9 5,76 4,22 1,4,22 2 42 22,39 22,39 1,241 9,74 2,369 12,19 8,826 1,8,826 3 43 22,39 22,39 1,398 29,74 3,849 33,589 13,859 1,13,859 4 44 22,39 22,39 1,621 5,39 5,62 55,992 19,52 1,19,52 5 45 22,39 22,39 1,912 71,69 7,75 79,395 25,941 1,25,941 6 46 22,39 22,39 2,236 93,65 1,199 13,849 33,223 1,33,223 7 47 22,39 22,39 3,7 116,32 13,61 129,93 42,91 1,42,91 8 48 22,39 22,39 3,923 139,72 17,984 157,74 54,872 1,54,872 9 49 22,39 22,39 4,721 164,1 23,3 187,31 68,816 1,68,816 1 5 22,39 22,39 5,575 189,17 29,644 218,814 84,757 1,84,757 11 51 22,39 22,39 6,983 213,94 37,64 251,544 14,85 1,14,85 12 52 22,39 22,39 8,447 239,56 47,282 286,842 126,726 1,126,726 13 53 22,39 22,39 1,52 265,99 58,865 324,855 152,822 1,152,822 14 54 22,39 22,39 11,757 293,27 72,59 365,779 182,398 1,182,398 15 55 22,39 22,39 13,69 321,37 88,46 49,776 215,583 1,215,583 16 56 22,39 22,39 14,778 35,29 15,924 456,214 25,536 1,25,536 17 57 22,39 22,39 15,962 38,1 125,118 55,218 287,173 1,287,173 18 58 22,39 22,39 17,279 41,84 146,147 556,987 325,676 1,325,676 19 59 22,39 22,39 18,58 442,69 169, 611,69 365,73 1,365,73 2 6 22,39 22,39 19,852 475,68 193,822 669,52 47,463 1,47,463 21 61 22,685 489,48 222,13 711,61 453,89 1,453,89 22 62 24,297 53,41 252,749 756,159 52,74 1,52,74 23 63 26,19 517,39 285,877 83,267 552,537 1,552,537 24 64 28,64 531,38 321,671 853,51 65,351 1,65,351 25 65 3,78 545,41 36,243 95,653 66,499 1,66,499 Current s Coverage Face Amount ly Semi-ly Quarterly Monthly Base Policy Insurance 1,, 22,5. 11,282.99 5,78.75 1,918.35 Waiver 1,, 34. 173.98 88.3 29.58 These illustrated amounts are not guaranteed. They include dividends, which are neither estimates nor guarantees, but are based on the 213 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the Narrative Summary for assumptions, explanations and additional information. This illustration is not valid unless accompanied by or preceded by a Basic Illustration dated 5/3/213. Refer to the Basic Illustration for guaranteed elements and other important information. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 13 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Policy: Limited Payment Whole Life with s Payable for 2 s Base Policy Face Amount: $1,, Riders: ABR TIR WP : $22,39. Supplemental s Dividend Option: Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all Non-Guaranteed values shown in this illustration. ====Non-Guaranteed s==== Age End Outlay Beg Loan Beg Surrender Beg Outlay Beg Dividend Basic Policy _ of Additions _ Outstanding Loan Paid-Up Additions Death _ 26 66 32,154 559,47 41,684 961,154 717,972 1,717,972 27 67 34,34 573,6 446,132 1,19,732 777,776 1,777,776 28 68 36,463 587,87 493,695 1,81,565 839,82 1,839,82 29 69 38,746 62,26 544,526 1,146,786 94,138 1,94,138 3 7 41,27 616,82 598,717 1,215,537 97,651 1,97,651 31 71-113,76 113,76-113,76 39,746 631,49 536,937 1,168,427 85,27 1,85,27 32 72-113,76 113,76-113,76 38,383 646,23 472,138 1,118,368 73,64 1,73,64 33 73-113,76 113,76-113,76 37,2 66,83 44,374 1,65,24 611,919 1,611,919 34 74-113,76 4,55 18,571-113,76 35,972 675,34 338,27 4,55 1,8,88 5,889 1,496,158 35 75-113,76 113,32-113,76 38,281 689,78 383,784 117,87 949,867 556,386 1,432,689 36 76-113,76 118,967-113,76 4,695 74,14 432,469 236,774 887,997 614,18 1,365,568 37 77-113,76 124,915-113,76 42,972 718,41 484,25 361,689 822,842 673,995 1,294,222 38 78-113,76 131,161-113,76 45,382 732,52 539,97 492,849 754,125 735,948 1,218,456 39 79-113,76 137,719-113,76 47,969 746,35 597,244 63,568 681,497 8,22 1,138,123 4 8-113,76 144,65-113,76 5,713 759,8 658,72 775,173 64,589 866,966 1,53,34 41 81-113,76 151,835-113,76 53,61 772,87 723,653 927,8 523,164 936,319 962,96 42 82-113,76 159,427-113,76 56,725 785,46 792,166 1,86,435 436,87 1,8,538 867,781 43 83-113,76 167,398-113,76 59,742 797,65 864,22 1,253,833 345,327 1,83,435 766,911 44 84-113,76 175,768-113,76 62,659 89,45 939,645 1,429,61 248,14 1,16,844 659,763 45 85-113,76 184,556-113,76 65,754 82,85 1,18,633 1,614,157 144,618 1,24,949 546,84 46 86 8,78 69,691 831,76 1,11,863 1,694,865 154,15 1,324,737 545,129 47 87 84,743 73,923 842,11 1,189,497 1,779,68 163,18 1,412,52 543,931 48 88 88,98 77,263 851,88 1,28,56 1,868,588 17,422 1,53,216 541,199 49 89 93,429 8,525 861,7 1,374,9 1,962,18 175,851 1,596,734 536,615 5 9 98,11 83,687 869,7 1,472,366 2,6,119 178,942 1,692,959 529,834 51 91 13,6 86,73 877,83 1,572,834 2,163,125 179,383 1,791,729 52,448 52 92 18,156 89,127 885,81 1,676,259 2,271,281 177,224 1,892,346 57,51 53 93 113,564 91,357 893,77 1,782,679 2,384,845 172,361 1,994,561 49,473 54 94 119,242 93,335 91,92 1,892,269 2,54,87 164,898 2,98,46 468,754 55 95 125,24 95,125 91,54 2,5,479 2,629,292 155,263 2,22,516 441,76 These illustrated amounts are not guaranteed. They include dividends, which are neither estimates nor guarantees, but are based on the 213 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the Narrative Summary for assumptions, explanations and additional information. This illustration is not valid unless accompanied by or preceded by a Basic Illustration dated 5/3/213. Refer to the Basic Illustration for guaranteed elements and other important information. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 14 of 15
Whole Life Legacy 2 Pay Life Insurance Illustration Policy: Limited Payment Whole Life with s Payable for 2 s Base Policy Face Amount: $1,, Riders: ABR TIR WP : $22,39. Supplemental s Dividend Option: Dividends used to purchase Paid-Up Additions. Dividends are not guaranteed and are subject to significant fluctuations over the lifetime of the policy. Changes in dividends will change all Non-Guaranteed values shown in this illustration. ====Non-Guaranteed s==== Age End Outlay Beg Loan Beg Surrender Beg Outlay Beg Dividend Basic Policy _ of Additions _ Outstanding Loan Paid-Up Additions Death _ 56 96 131,465 96,547 92,1 2,123,82 2,76,756 144,388 2,37,447 48,653 57 97 138,38 97,431 931,73 2,247,349 2,898,794 135,346 2,412,18 368,284 58 98 144,94 97,13 946,87 2,38,998 3,43,734 131,947 2,514,598 318,678 59 99 152,187 94,438 968,7 2,528,745 3,195,92 141,98 2,612,151 256,434 6 1 159,796 87,527 1,, 2,699,677 3,355,716 176,175 2,699,677 176,175 61 11 167,786 24,549 1,, 2,94,227 3,523,52 24,549 2,94,227 24,549 62 12 176,175 255,993 1,, 3,196,219 3,699,677 311,558 3,196,219 311,558 63 13 184,984 272,427 1,, 3,468,647 3,884,661 389,752 3,468,647 389,752 64 14 194,233 289,917 1,, 3,758,564 4,78,894 475,725 3,758,564 475,725 65 15 23,945 38,53 1,, 4,67,93 4,282,839 57,112 4,67,93 57,112 66 16 214,142 328,337 1,, 4,395,431 4,496,981 673,61 4,395,431 673,61 67 17 224,849 349,417 1,, 4,744,847 4,721,83 786,926 4,744,847 786,926 68 18 236,92 371,849 1,, 5,116,697 4,957,922 91,879 5,116,697 91,879 69 19 247,896 395,722 1,, 5,512,419 5,25,818 1,46,31 5,512,419 1,46,31 7 11 26,291 421,127 1,, 5,933,546 5,466,18 1,194,132 5,933,546 1,194,132 71 111 273,35 448,164 1,, 6,381,71 5,739,414 1,355,325 6,381,71 1,355,325 72 112 286,971 476,936 1,, 6,858,645 6,26,385 1,53,941 6,858,645 1,53,941 73 113 31,319 57,555 1,, 7,366,2 6,327,74 1,722,111 7,366,2 1,722,111 74 114 316,385 54,14 1,, 7,96,34 6,644,89 1,93,47 7,96,34 1,93,47 75 115 332,24 574,817 1,, 8,481,157 6,976,293 2,156,49 8,481,157 2,156,49 76 116 348,815 611,72 1,, 9,92,878 7,325,18 2,41,514 9,92,878 2,41,514 77 117 366,255 65,993 1,, 9,743,871 7,691,364 2,667,939 9,743,871 2,667,939 78 118 384,568 692,786 1,, 1,436,657 8,75,932 2,956,929 1,436,657 2,956,929 79 119 43,797 737,263 1,, 11,173,92 8,479,728 3,27,26 11,173,92 3,27,26 8 12 423,986 784,596 1,, 11,958,516 8,93,715 3,69,616 11,958,516 3,69,616 81 121 445,186 834,967 1,, 12,793,483 9,348,9 3,977,137 12,793,483 3,977,137 These illustrated amounts are not guaranteed. They include dividends, which are neither estimates nor guarantees, but are based on the 213 dividend scale. The dividend scale is reviewed annually and it is likely that dividends in future years will be lower or higher depending on the Company's actual experience. For this reason, we strongly recommend that you look at a hypothetical lower scale illustration available upon request. Refer to the Narrative Summary for assumptions, explanations and additional information. This illustration is not valid unless accompanied by or preceded by a Basic Illustration dated 5/3/213. Refer to the Basic Illustration for guaranteed elements and other important information. Prepared on: May 3, 213 Version: MMD Web213-5-1 (NY) Initial TAMRA (7-Pay) Limit: $4,371.14 Prepared for: d Client (Male, 4, Ultra Preferred Non-Tobacco) Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Page 15 of 15
Life Insurance Illustration Retirement Supplement Prepared for: d Client Male 4, Ultra Preferred Non-Tobacco Policy: Whole Life Legacy 2 Pay Initial Death : $1,, Initial : $22,39. Owner Tax Bracket: 35% Dividend Option: See Basic Illustration Summary Retirement Supplement Using Life Insurance Initial Payment of $22,39 $447,8 In Can Provide Pre-Retirement Death s $1,215,583 at Age 55 $1,97,651 at Age 7 Supplemental Retirement Income at Age 7 $113,76 Initial After-Tax Supplemental Retirement Income Supplemental Retirement Income is Paid for 15 s $ After-Tax Income Death at End of Retirement Income Period $546,84 at Age 85 s on this page are not guaranteed These illustrated amounts are not guaranteed. They include dividends which are neither estimates nor guarantees, but are based on our current dividend scale. Dividends in future years may be lower or higher, depending on the Company's actual experience. Due to this fact, we strongly recommend you look at a lower scale illustration. Tax Bracket(s) shown is an assumed rate. The actual rate(s) may differ and change from year to year. This illustration is not valid unless accompanied by or preceded by a Massachusetts Mutual Life Insurance Company Whole Life Legacy 2 Pay Basic Illustration dated 5/3/213. Refer to the Basic Illustration for guaranteed elements and other important information. Presented By: Michael Fliegelman. CLU, ChFC, AEP RFC Page 15.1 of 15.8
Life Insurance Illustration Retirement Supplement Prepared For: d Client Policy: Whole Life Legacy 2 Pay Initial Death : $1,, Male, 4, Ultra Preferred Non-Tobacco Initial : $22,39. Owner Tax Bracket: 35% Dividend Option: see Basic Illustration. Costs Supplemental Retirement Income, and Death Age End Cumulative Retirement Income (After-Tax) Cumulative Retirement Income Death Combined 1 41 22,39 22,39 5,76 1,4,22 1,4,22 2 42 22,39 44,78 12,19 1,8,826 1,8,826 3 43 22,39 67,17 33,589 1,13,859 1,13,859 4 44 22,39 89,56 55,992 1,19,52 1,19,52 5 45 22,39 111,95 79,395 1,25,941 1,25,941 45 111,95 111,95 79,395 1,25,941 1,25,941 6 46 22,39 134,34 13,849 1,33,223 1,33,223 7 47 22,39 156,73 129,93 1,42,91 1,42,91 8 48 22,39 179,12 157,74 1,54,872 1,54,872 9 49 22,39 21,51 187,31 1,68,816 1,68,816 1 5 22,39 223,9 218,814 1,84,757 1,84,757 5 223,9 223,9 218,814 1,84,757 1,84,757 11 51 22,39 246,29 251,544 1,14,85 1,14,85 12 52 22,39 268,68 286,842 1,126,726 1,126,726 13 53 22,39 291,7 324,855 1,152,822 1,152,822 14 54 22,39 313,46 365,779 1,182,398 1,182,398 15 55 22,39 335,85 49,776 1,215,583 1,215,583 55 335,85 335,85 49,776 1,215,583 1,215,583 V6.72.26 C6.3.21. CRN2136-145474 These illustrated amounts are not guaranteed. They include dividends which are neither estimates nor guarantees, but are based on our current dividend scale. Dividends in future years may be lower or higher, depending on the Company's actual experience. Due to this fact, we strongly recommend you look at a lower scale illustration. Tax Bracket(s) shown is an assumed rate. The actual rate(s) may differ and change from year to year. This illustration is not valid unless accompanied by or preceded by a Massachusetts Mutual Life Insurance Company Whole Life Legacy 2 Pay Basic Illustration dated 5/3/213. Refer to the Basic Illustration for guaranteed elements and other important information. Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Case Name: Retirement Supplement Sample L2 - #1 Page 15.2 of 15.8
Life Insurance Illustration Retirement Supplement Prepared For: d Client Policy: Whole Life Legacy 2 Pay Initial Death : $1,, Male, 4, Ultra Preferred Non-Tobacco Initial : $22,39. Owner Tax Bracket: 35% Dividend Option: see Basic Illustration. Costs Supplemental Retirement Income, and Death Age End Cumulative Retirement Income (After-Tax) Cumulative Retirement Income Death Combined 16 56 22,39 358,24 456,214 1,25,536 1,25,536 17 57 22,39 38,63 55,218 1,287,173 1,287,173 18 58 22,39 43,2 556,987 1,325,676 1,325,676 19 59 22,39 425,41 611,69 1,365,73 1,365,73 2 6 22,39 447,8 669,52 1,47,463 1,47,463 6 447,8 447,8 669,52 1,47,463 1,47,463 21 61 447,8 711,61 1,453,89 1,453,89 22 62 447,8 756,159 1,52,74 1,52,74 23 63 447,8 83,267 1,552,537 1,552,537 24 64 447,8 853,51 1,65,351 1,65,351 25 65 447,8 95,653 1,66,499 1,66,499 65 447,8 447,8 95,653 1,66,499 1,66,499 26 66 447,8 961,154 1,717,972 1,717,972 27 67 447,8 1,19,732 1,777,776 1,777,776 28 68 447,8 1,81,565 1,839,82 1,839,82 29 69 447,8 1,146,786 1,94,138 1,94,138 3 7 447,8 1,215,537 1,97,651 1,97,651 7 447,8 447,8 1,215,537 1,97,651 1,97,651 V6.72.26 C6.3.21. CRN2136-145474 These illustrated amounts are not guaranteed. They include dividends which are neither estimates nor guarantees, but are based on our current dividend scale. Dividends in future years may be lower or higher, depending on the Company's actual experience. Due to this fact, we strongly recommend you look at a lower scale illustration. Tax Bracket(s) shown is an assumed rate. The actual rate(s) may differ and change from year to year. This illustration is not valid unless accompanied by or preceded by a Massachusetts Mutual Life Insurance Company Whole Life Legacy 2 Pay Basic Illustration dated 5/3/213. Refer to the Basic Illustration for guaranteed elements and other important information. Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Case Name: Retirement Supplement Sample L2 - #1 Page 15.3 of 15.8
Life Insurance Illustration Retirement Supplement Prepared For: d Client Policy: Whole Life Legacy 2 Pay Initial Death : $1,, Male, 4, Ultra Preferred Non-Tobacco Initial : $22,39. Owner Tax Bracket: 35% Dividend Option: see Basic Illustration. Costs Supplemental Retirement Income, and Death Age End Cumulative Retirement Income (After-Tax) Cumulative Retirement Income Death Combined 31 71 447,8 113,76 113,76 1,168,427 1,85,27 1,963,347 32 72 447,8 113,76 226,153 1,118,368 1,73,64 1,956,756 33 73 447,8 113,76 339,229 1,65,24 1,611,919 1,951,148 34 74 447,8 113,76 452,35 1,8,88 1,496,158 1,948,464 35 75 447,8 113,76 565,382 949,867 1,432,689 1,998,7 75 447,8 447,8 565,382 565,382 949,867 1,432,689 1,998,7 36 76 447,8 113,76 678,458 887,997 1,365,568 2,44,26 37 77 447,8 113,76 791,534 822,842 1,294,222 2,85,757 38 78 447,8 113,76 94,611 754,125 1,218,456 2,123,67 39 79 447,8 113,76 1,17,687 681,497 1,138,123 2,155,81 4 8 447,8 113,76 1,13,763 64,589 1,53,34 2,183,797 8 447,8 447,8 1,13,763 1,13,763 64,589 1,53,34 2,183,797 41 81 447,8 113,76 1,243,84 523,164 962,96 2,26,8 42 82 447,8 113,76 1,356,916 436,87 867,781 2,224,697 43 83 447,8 113,76 1,469,992 345,327 766,911 2,236,93 44 84 447,8 113,76 1,583,69 248,14 659,763 2,242,832 45 85 447,8 113,76 144,618 546,84 2,242,229 85 447,8 447,8 144,618 546,84 2,242,229 V6.72.26 C6.3.21. CRN2136-145474 These illustrated amounts are not guaranteed. They include dividends which are neither estimates nor guarantees, but are based on our current dividend scale. Dividends in future years may be lower or higher, depending on the Company's actual experience. Due to this fact, we strongly recommend you look at a lower scale illustration. Tax Bracket(s) shown is an assumed rate. The actual rate(s) may differ and change from year to year. This illustration is not valid unless accompanied by or preceded by a Massachusetts Mutual Life Insurance Company Whole Life Legacy 2 Pay Basic Illustration dated 5/3/213. Refer to the Basic Illustration for guaranteed elements and other important information. Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Case Name: Retirement Supplement Sample L2 - #1 Page 15.4 of 15.8
Life Insurance Illustration Retirement Supplement Prepared For: d Client Policy: Whole Life Legacy 2 Pay Initial Death : $1,, Male, 4, Ultra Preferred Non-Tobacco Initial : $22,39. Owner Tax Bracket: 35% Dividend Option: see Basic Illustration. Costs Supplemental Retirement Income, and Death Age End Cumulative Retirement Income (After-Tax) Cumulative Retirement Income Death Combined 46 86 447,8 154,15 545,128 2,241,273 47 87 447,8 163,18 543,931 2,24,76 48 88 447,8 17,422 541,199 2,237,344 49 89 447,8 175,851 536,615 2,232,76 5 9 447,8 178,942 529,834 2,225,979 9 447,8 447,8 178,942 529,834 2,225,979 51 91 447,8 179,383 52,448 2,216,593 52 92 447,8 177,224 57,51 2,23,645 53 93 447,8 172,361 49,473 2,186,618 54 94 447,8 164,898 468,754 2,164,899 55 95 447,8 155,263 441,76 2,137,95 95 447,8 447,8 155,263 441,76 2,137,95 56 96 447,8 144,388 48,653 2,14,798 57 97 447,8 135,346 368,284 2,64,429 58 98 447,8 131,947 318,678 2,14,823 59 99 447,8 141,98 256,434 1,952,579 6 1 447,8 176,175 176,175 1,872,32 1 447,8 447,8 176,175 176,175 1,872,32 V6.72.26 C6.3.21. CRN2136-145474 These illustrated amounts are not guaranteed. They include dividends which are neither estimates nor guarantees, but are based on our current dividend scale. Dividends in future years may be lower or higher, depending on the Company's actual experience. Due to this fact, we strongly recommend you look at a lower scale illustration. Tax Bracket(s) shown is an assumed rate. The actual rate(s) may differ and change from year to year. This illustration is not valid unless accompanied by or preceded by a Massachusetts Mutual Life Insurance Company Whole Life Legacy 2 Pay Basic Illustration dated 5/3/213. Refer to the Basic Illustration for guaranteed elements and other important information. Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Case Name: Retirement Supplement Sample L2 - #1 Page 15.5 of 15.8
Life Insurance Illustration Retirement Supplement Prepared For: d Client Policy: Whole Life Legacy 2 Pay Initial Death : $1,, Male, 4, Ultra Preferred Non-Tobacco Initial : $22,39. Owner Tax Bracket: 35% Dividend Option: see Basic Illustration. Costs Supplemental Retirement Income, and Death Age End Cumulative Retirement Income (After-Tax) Cumulative Retirement Income Death Combined 61 11 447,8 24,549 24,549 1,936,694 62 12 447,8 311,558 311,558 2,7,73 63 13 447,8 389,752 389,752 2,85,897 64 14 447,8 475,725 475,725 2,171,87 65 15 447,8 57,112 57,112 2,266,257 15 447,8 447,8 57,112 57,112 2,266,257 66 16 447,8 673,61 673,61 2,369,746 67 17 447,8 786,926 786,926 2,483,71 68 18 447,8 91,879 91,879 2,67,24 69 19 447,8 1,46,31 1,46,31 2,742,455 7 11 447,8 1,194,132 1,194,132 2,89,277 11 447,8 447,8 1,194,132 1,194,132 2,89,277 71 111 447,8 1,355,325 1,355,325 3,51,47 72 112 447,8 1,53,941 1,53,941 3,227,86 73 113 447,8 1,722,111 1,722,111 3,418,256 74 114 447,8 1,93,47 1,93,47 3,626,192 75 115 447,8 2,156,49 2,156,49 3,852,194 115 447,8 447,8 2,156,49 2,156,49 3,852,194 V6.72.26 C6.3.21. CRN2136-145474 These illustrated amounts are not guaranteed. They include dividends which are neither estimates nor guarantees, but are based on our current dividend scale. Dividends in future years may be lower or higher, depending on the Company's actual experience. Due to this fact, we strongly recommend you look at a lower scale illustration. Tax Bracket(s) shown is an assumed rate. The actual rate(s) may differ and change from year to year. This illustration is not valid unless accompanied by or preceded by a Massachusetts Mutual Life Insurance Company Whole Life Legacy 2 Pay Basic Illustration dated 5/3/213. Refer to the Basic Illustration for guaranteed elements and other important information. Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Case Name: Retirement Supplement Sample L2 - #1 Page 15.6 of 15.8
Life Insurance Illustration Retirement Supplement Prepared For: d Client Policy: Whole Life Legacy 2 Pay Initial Death : $1,, Male, 4, Ultra Preferred Non-Tobacco Initial : $22,39. Owner Tax Bracket: 35% Dividend Option: see Basic Illustration. Costs Supplemental Retirement Income, and Death Age End Cumulative Retirement Income (After-Tax) Cumulative Retirement Income Death Combined 76 116 447,8 2,41,514 2,41,514 4,97,659 77 117 447,8 2,667,939 2,667,939 4,364,84 78 118 447,8 2,956,929 2,956,929 4,653,74 79 119 447,8 3,27,26 3,27,26 4,966,351 8 12 447,8 3,69,616 3,69,616 5,35,761 12 447,8 447,8 3,69,616 3,69,616 5,35,761 81 121 447,8 3,977,137 3,977,137 5,673,282 121 447,8 447,8 3,977,137 3,977,137 5,673,282 V6.72.26 C6.3.21. CRN2136-145474 These illustrated amounts are not guaranteed. They include dividends which are neither estimates nor guarantees, but are based on our current dividend scale. Dividends in future years may be lower or higher, depending on the Company's actual experience. Due to this fact, we strongly recommend you look at a lower scale illustration. Tax Bracket(s) shown is an assumed rate. The actual rate(s) may differ and change from year to year. This illustration is not valid unless accompanied by or preceded by a Massachusetts Mutual Life Insurance Company Whole Life Legacy 2 Pay Basic Illustration dated 5/3/213. Refer to the Basic Illustration for guaranteed elements and other important information. Presented by: Michael Fliegelman. CLU, ChFC, AEP RFC Case Name: Retirement Supplement Sample L2 - #1 Page 15.7 of 15.8
Retirement Supplement Life Insurance Illustration Column Description Page May 3, 213 The number of years the policy is assumed to have been in force. Age The age of the insured at the end of the policy year. Costs including any cost for riders, reduced by dividends if elected to reduce the premium. Cumulative Sum of s. Supplemental Retirement Income, and Death Retirement Income (After-Tax) The sum of any policy loans and surrenders less any loan interest and taxes due on surrenders to provide supplemental retirement income. Cumulative Retirement Income Retirement Income (After-Tax) to date. The surrender value at the end of the policy year reduced by outstanding loans and loan interest. These values are based on the illustrated dividend scale and are not guaranteed. Death The death benefit of the policy at the end of the policy year reduced by outstanding loans and loan interest. These values are based on the illustrated dividend scale and are not guaranteed. Combined The sum of the Cumulative Retirement Income and Death. Massachusetts Mutual Life Insurance Company Page 15.8 of 15.8
Preparing for retirement and so much more Retirement Supplement with whole life insurance The retirement burden shifts Historically, most people have depended on three primary sources for their retirement income: pensions, personal savings, and Social Security. Over the past several decades the picture has changed, as the number of people covered by employer-provided pension plans has declined substantially. 1 As traditional pension plan coverage has declined, retirement funding has gradually moved from an emphasis on employer-paid defined benefit pension plans to employee-funded defined contribution plans like 41(k)s. In addition, these plans limit the amount employees can contribute on an annual basis. Not only has the retirement savings burden shifted, so has the investment risk. People are now increasingly responsible for funding their own plans, making their own investment choices and taking on the risk that those assets could decline in value during times of market volatility. The global economic downturn of 28, the period following the 9/11 terrorist attacks, or the stock market crash of 1987 are examples of events that resulted in double digit declines. Americans are saving less Over the last 2 years, the personal savings rate has declined dramatically. It decreased from an average rate around 9-1% in the 197s and 198s, to as low as nearly 1% in the mid-2s - Americans have been in a long and steady trend of saving less. 2 Compensation discrimination Some people face another retirement income problem: compensation discrimination. This is the fact that the higher your pre-retirement income, the lower the percentage that will be replaced by Social Security. Other factors challenge today s pre-retirees Over the past several decades, other socioeconomic and demographic factors have made it more important than ever to prepare financially for retirement. These include: Longer life spans Uncertainty surrounding the future cost of health care Fluctuations of financial markets and the impact on retirement account balances The decision to purchase life insurance should be based on long-term financial goals and the need for a death benefit. Life insurance is not an appropriate vehicle for short-term savings or short-term investment strategies. You should know that there may be little to no cash value available for loans in the policy s early years. The information provided is not written or intended as specific tax or legal advice and may not be relied upon for purposes of avoiding any Federal tax penalties. MassMutual, its employees, and representatives are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel. Page 1 of 2
How can you take control? In today s challenging environment, how can you take more control of your retirement planning and find the right strategy to help you face the future with confidence? Your ideal supplemental retirement income strategy might offer these characteristics: A systematic and disciplined approach to setting aside funds; Stable and consistent growth in cash value; Tax advantages; and Flexibility. Preparing for retirement - and anything else along the way Life is filled with uncertainties, but you can count on at least one of three things happening during your lifetime as you work toward retirement. You may: Live long enough to retire: With whole life insurance you can use your policy s cash value to provide tax-favored supplemental income during retirement. 3 Become sick or hurt and unable to work: Under the optional Waiver of Rider 4 offered with your whole life policy, MassMutual will waive the policy s premiums. Your policy coverage will continue and your cash values will continue to grow. Die before retirement age: Your whole life policy will pay your beneficiaries a tax-free death benefit to provide for their future financial needs. With whole life insurance, no matter what life brings, you can be prepared. 1 Retirement Trends In The United States Over The Past Quarter-Century, Facts from Employee Research Institute, June 27 2 U.S. Department of Commerce, Bureau of Economic Analysis, Personal savings as a percentage of disposable personal income, January 211 3 Distributions under the policy (including cash dividends and partial/full surrenders) are not subject to taxation up to the amount paid into the policy (cost basis). If the policy is a Modified Endowment Contract, policy loans and/or distributions are taxable to the extent of gain and are subject to a 1% tax penalty. Access to cash values through borrowing or partial surrenders will reduce the policy s cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured. 4 Riders are available at an additional cost. The Whole Life Legacy series (WL-27 and WL-NC-27) are level-premium, participating, permanent life insurance policies issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 1111-1 211 Massachusetts Mutual Life Insurance Company, Springfield, MA. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. Page 2 of 2 CRN2136-145478
Client Input Summary Company: MassMutual Designs - Life Product: Leg 2 WL Case: Retirement Supplement Sample L2 May 3, 213 6.72.26, 6.3.21 Client #1 Insured First Name d Last Name Client Sex Male Date of Birth Issue Age 4 Class Ultra Prfd Non-Tobacco Table Rating None Temp. Table Rating Temp. Table Rating Period Temp. Flat Extra Perm. Flat Extra Tax Bracket Percent Contract State New York Executive Compensation No Design Design Base Mode Dividend Option 1 to 81 - Paid Up Additions Loan Rate Adjustable Illustrate APO Illustrate Flexible Outlay Single Payment Program [SPP] No 135 Exchange No Options Product Type Dividend Rate Policy Owner Owner Age Optimize Face Amount to Best Band Reduced Paid Up Non-Qualified Current Individual No Riders Waiver of [WP] WP Rating Include WP in Yes None Page 1 of 3
Client Input Summary Company: MassMutual Designs - Life Product: Leg 2 WL Case: Retirement Supplement Sample L2 May 3, 213 6.72.26, 6.3.21 Client #1 Riders - Cont'd Renewable Term Rider [RTR] Guaranteed Insurability Rider [GIR] Additional Life Ins. Rider [ALIR] - Scheduled Additional Life Ins. Rider [ALIR] - Unscheduled Long Term Care Access Rider [LTCR] No No No No No Disbursements Disbursements No Reports Reports No Agent Info Agent First Name Michael Agent Last Name Fliegelman. CLU, ChFC, AEP RFC Agent Company Independent Insurane And Financial Consulting Agent Address1 5 Harborfields Ct Agent Address2 Agent City Greenlawn Agent State New York Agent Zip Code 1174 Agent Phone Number (631) 86-3568 Agent Email michael@michaelfliegelman.com Agent License Number LA-62645 Agent Health License LTCR Pre-sale Training Completed MMLISI Registered Yes Bank Sale No Comments: Retirement Supplement Retirement Age 7 Plan Selection Defined Contribution - Specified Initial Death Planned Income Stream Maximum Level Income Duration To Retirement Specified Age/Number of s /Age 15 Income Option Switch at Basis Page 2 of 3
Client Input Summary Company: MassMutual Designs - Life Product: Leg 2 WL Case: Retirement Supplement Sample L2 May 3, 213 6.72.26, 6.3.21 Client #1 Retirement Supplement - Cont'd Page 3 of 3