Whole Life InsuranceWhole Life Insurancewithwith

Guaranteed Death BenefitGuaranteed Death Benefit

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Presentation Form # 5628 -7/06

( Product Form # L-1025-11/05 & L-1026-11/05*)

* State suffixes to the form numbers may apply where there are state variations of the form.

Asset Reallocation VehicleAlternative to CDs, Money Markets or Investments

Estate Maximization

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FeaturesThe application is short and simple!In most cases, an application and phone interview are all that arerequired, depending on answers to health questions in the application.

Initial Death Benefit* is guaranteed for life

* May be increased by dividends. Will be reduced by any loans or partial surrenders. Death Benefit Dividends are not guaranteed and are determined by the company. The benefit paid in the event of suicide during the first two policy years, (one year in CO), may be limited to the premiums paid less any loan balance and minus any partial surrenders.

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* The information provided is not intended as legal or tax advice, but is intended to be accurate based on Shenandoah Life’s understanding and interpretation of current tax laws, which are subject to change. Please consult your legal or tax professional for assistance.

Under current tax law, full amount of death benefitis federal income tax-freeand avoids probate.*

Features

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Legacy Solution® III is a Whole Life insurance policy that can be purchased with one, five or ten annual premiums.

Legacy Solution® III should not be funded with money intended for other uses, such as living expenses.

A worksheet will help you determine how much money you may wish to transfer into Legacy Solution® III.

Features

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Gladys, a 68-year-old female nonsmoker, has$60,000 in mutual funds, $15,000 in Money Market funds, and a $40,000 CD earning 4.25%. However, she’s in a 33% tax bracket so her after-tax return is only 2.85%.

Gladys intends to leave the $40,000 CD money to her heirs, keeping the remaining funds for her own use.

Current Portfolio:

$ 40,000 in CDs$ 15,000 in Money Market funds$ 60,000 in mutual funds$115,000 total estate at death

Example

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Current Portfolio

$ 40,000 in CDs

$ 15,000 in Money Market Funds

$ 60,000 in Mutual Funds

$115,000 Total estate at death

Portfolio with the $40,000 CD reallocated to Legacy Solution® III

$ 74,000 Legacy Solution® III Death Benefit*

$ 15,000 in Money Market Funds

$ 60,000 in Mutual Funds

$149,000 Total estate at death

If she reallocates the $40,000 to a Legacy Solution® III single premium plan, she purchases $74,000 in death

benefit.*

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* Initial guaranteed death benefit. May be increased by dividends. Dividends are determined by the company and are not guaranteed. Death Benefit will be reduced by any loans or partial surrenders.

Using the after-tax return rate of 2.85%, it would have taken 22 years (or age 90) for her CD to have reached the same increased estate value arrived at through this reallocation.

Gladys now has $74,000 in single-premium life insurance rather than $40,000 in CDs to leave her heirs, $34,000 more than before she chose to purchase Legacy Solution® III.

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AcceleratedAcceleratedDeath Benefit RiderDeath Benefit Rider

WithWith

Nursing Home ProvisionNursing Home Provision

Additional Features:

up toup to 80% 80% (* 75% Illinois)

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The rider allows the owner to receive a portion of the policy’s death benefit:

In the event insured is diagnosed as terminally ill (life expectancy of 12 months or less) or

If insured enters a qualified institution with the expectation that such confinement shall be permanent*, then

Company will pay lump sum or, upon request, equal monthly installments for a fixed period

Owner may accelerate up to Owner may accelerate up to 80% (or maximum approved by state) of the (or maximum approved by state) of the eligible death benefit, but not more than $250,000.eligible death benefit, but not more than $250,000.

Accelerated Death Benefit Rider withNursing Home Provision

(Policy Form # R-2024-11/99 Rev 1/01)

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* Conditions vary in some statesThis presentation is not complete without your full review & signature on the Summary & Disclosure statement for the Accelerated Benefit Rider, which provides full explanation of all conditions, limitations, fees, possible tax consequences, and state-specific definitions and regulations.

You can immediately INCREASE your estate by reallocating funds from CDs, mutual funds or money

market funds to LEGACY SOLUTION® III –

a whole life insurance policy from

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Visit us at www.shenlife.com

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Build Your Build Your EstateEstate

and Protect it.and Protect it.

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