Survivorship Variable Universal Life
                                 Prospectus Filing May 2004

                 Demonstration of how the annual investment returns of the sub-accounts were derived from the
                 hypothetical gross rates of return, how charges against sub-account assets were dedcuted the from annual
                 investment returns of the sub-accounts


                 Hypothetical Gross Annual Investment Return                         6.00%
                 less       Arithmetic Average of
                            Total Contractual Porfolio Expenses            -         1.02%
                 less       Guaranteed
                            Mortality and Expense Fee                      -         0.90%
                                                                                  ---------
                 Fund Crediting Rate (Net Annual Investment Rate)          =         4.08%


                           Survivorship Variable Universal Life
                                 Prospectus Filing May 2004

   Male     Preferred           Nonsmoker      Age 57                   Fixed Insurance Amount
Female      Preferred Best      Nonsmoker      Age 53                   CVAT
                                                                        Maximum Charges
Face:                 1,000,000                                         Assume Annual Payment of 10,000 in all years
                                                                        Hypothetical Annual Return of 6% Gross,  4.08% Net

Policy --- Year 5
                                     (0a)         (0b)         (1)          (2)         (3)        (3a)         (4)          (5)        (5a1)       (5a)         (6)          (7)         (8)          (9)          (10)          (11)        (12)          (13)             (14)
                                     BOP           BOP                                  Per                     Per        Montly      Monthly       AV                      Total                    Total          EOP                       EOP          EOP               EOP
                                   Contract       Accum      Premium    Per Policy    Premium    Invested      $1,000       Cost        Sales      Before      Monthly     Contract    Surrender      Cash          Basic       Corridor    Corridor       Death             Accum
   Month           YEAR              Fund         Prems        Paid        Loads       Loads      Premium       Load       Of Ins       Load      Interest     Interest      Fund       Charges    Surr Value        DB          Factor        DB         Benefits        Prems Paid

          1                   5      28,749.92     44,163        10,000          10       1,950       8,040          100       61.05        0.00      36,629       122.27    36751.14       8,000        28,751     1,000,000         3.10     113,929      1,000,000           54,340
          2                   5         36,751     54,340             -          10           -         (10)         100       61.06        0.00      36,580       122.11    36702.19       8,000        28,702     1,000,000         3.10     113,777      1,000,000           54,518
          3                   5         36,702     54,518             -          10           -         (10)         100       61.06        0.00      36,531       121.94    36653.07       8,000        28,653     1,000,000         3.10     113,625      1,000,000           54,697
          4                   5         36,653     54,697             -          10           -         (10)         100       61.06        0.00      36,482       121.78    36603.79       8,000        28,604     1,000,000         3.10     113,472      1,000,000           54,876
          5                   5         36,604     54,876             -          10           -         (10)         100       61.07        0.00      36,433       121.61    36554.33       8,000        28,554     1,000,000         3.10     113,318      1,000,000           55,055
          6                   5         36,554     55,055             -          10           -         (10)         100       61.07        0.00      36,383       121.45    36504.71       8,000        28,505     1,000,000         3.10     113,165      1,000,000           55,236
          7                   5         36,505     55,236             -          10           -         (10)         100       61.07        0.00      36,334       121.28    36454.92       8,000        28,455     1,000,000         3.10     113,010      1,000,000           55,416
          8                   5         36,455     55,416             -          10           -         (10)         100       61.08        0.00      36,284       121.12    36404.96       8,000        28,405     1,000,000         3.10     112,855      1,000,000           55,598
          9                   5         36,405     55,598             -          10           -         (10)         100       61.08        0.00      36,234       120.95    36354.83       8,000        28,355     1,000,000         3.10     112,700      1,000,000           55,780
         10                   5         36,355     55,780             -          10           -         (10)         100       61.08        0.00      36,184       120.78    36304.53       8,000        28,305     1,000,000         3.10     112,544      1,000,000           55,963
         11                   5         36,305     55,963             -          10           -         (10)         100       61.09        0.00      36,133       120.61    36254.05       8,000        28,254     1,000,000         3.10     112,388      1,000,000           56,146
         12                   5         36,254     56,146             -          10           -         (10)         100       61.09        0.00      36,083       120.45    36203.41       8,000        28,203     1,000,000         3.10     112,231      1,000,000           56,330

( 0a)       BOP Contract Fund - Beginning of Period Contract Fund = Ending Contract Fund from the previous month

( 0b)       BOP Accum Prem - accumulated at 4% effective annual interest rate, with annual premiums paid at the beginning of the contract year

( 1)        Premium paid  = $10,000

( 2)        Per Policy load = $10 per month.

( 3)        Per PremiumLoad = Sales/Admin/Tax  = 19.5% of premium paid

( 4)        Per $1,000 load  -   $0.1 per month per 1,000 of insurance amount

( 5)        Monthly Cost of Insurance - based on 1980 CSO Age Last Birthday  frazierized second-to-die qx

( 6)        Monthly Interest -   interest earned on the account value = (12) * [(1+i) ^ (1/12) -1 ] where i=4.08 % is the net crediting interest rate.

( 7)        Total Contract Fund   -  End of Period contract fund =  (0) + (1) - (2) - (3) - (4) - (5) +(6)

( 8)        Surrender Charges = charged per unit of face amount =  Face amount/1000 * $8.00/1000 = $8,000 for duration 5

( 9)        Total Cash Surr Value  = Cash Surrender Value corresponding to illustration year 5 = (7) - (8)

(10)        EOP Basic DB - End Of Period Death Benefit = face amount

(11)        Corridor factor  - cash value accumulation corridor factor for joint equal age of  55

(12)        EOP Corridor DB - End of Period Corridor Death Benefit = (11) * (7)

(13)        EOP Death Benefit - End of Period Death Benefit corresponding to illustration year 5 = max [ (10) , (12) ]

(14)        EOP Accum Prems Paid  - Premiums Paid accumulated at 4% interest, corresponding to illustration year 5