Female, age 35, non-smoker Initial Face Amount: $100,000 Amount she is willing to contribute: $1200 paid at the beginning of each policy year A conservative investor who believes that an annual investment return of 3% per is reasonable over the long term.

Source of Information You have accessed the illustration software from BMO Insurance Company and secured illustrations of three versions of a Universal Life policy you intend to present to her in your next meeting. These versions are: 1. Level Death Benefit, Yearly Renewable cost of insurance, 3% annual investment return 2. Level death benefit plus Account Value, Yearly Renewable cost of insurance, 3% annual investment return. 3. Level Death Benefit plus Account Value, Level cost of insurance, 3% annual investment return The illustrations summarizing the values of these three versions are presented on Appendix A. You should print these out (3 pages) and refer to them when answering the questions.