EX-99.13.(A)(2) 11 dex9913a2.txt VALUE-PERFORMANCE CALCULATIONS WITH 4% EXHIBIT 13(A)(2) Last Year ending 12/31/01 Value Variable Annuity (4%)
Aggresive Emerging Diversified Small-Cap International I-Net Equity Markets Research Equity Large-Cap Equity Tollkeeper Multi-Strategy Start Date 12/29/2000 12/29/2000 12/29/2000 12/29/2000 12/29/2000 12/29/2000 12/29/2000 12/29/2000 Beginning AUV 11.920724 6.431999 10.868225 17.604261 7.73986 19.00795 6.719403 15.906335 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 9.727639 5.791508 10.422392 16.915918 6.235545 14.663321 4.379878 15.503009 Annual Fee (none) $ - $ - $ - $ - $ - $ - $ - $ - CDSC $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 Ending ERV $ 848.67 $ 936.44 $ 997.34 $ 999.34 $ 837.87 $ 802.29 $ 677.90 $ 1,013.63 AATR W/Drawal -21.43% -12.66% -6.57% -6.37% -22.51% -26.07% -38.51% -4.94% AATR Account -15.13% -6.36% -0.27% -0.07% -16.21% -19.77% -32.21% 1.36% Large-Cap Core (Equity Strategic Income) Value Start Date 12/29/2000 12/29/2000 Beginning AUV 18.600829 9.746954 End Date 12/31/2001 12/31/2001 Ending AUV 16.713457 8.662383 Annual Fee (none) $ - $ - CDSC $ 63.00 $ 63.00 Ending ERV $ 934.47 $ 924.28 AATR W/Drawal -12.85% -13.87% AATR Account -6.55% -7.57%
Mid-Cap International Small-Cap Real Estate Inflation Growth LT Focused 30 Value Value Equity Index Index (REIT) Managed Start Date 12/29/2000 12/29/2000 12/29/2000 12/29/2000 12/29/2000 12/29/2000 12/29/2000 12/29/2000 Beginning AUV 29.915213 8.231425 12.782182 14.06276 21.144785 11.188539 12.911339 12.581846 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 20.778681 7.032229 14.27982 10.832825 18.315224 11.223609 13.819011 12.935447 Annual Fee (none) $ - $ - $ - $ - $ - $ - $ - $ - CDSC $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 Ending ERV $ 722.37 $ 888.49 $ 1,161.85 $ 801.13 $ 900.83 $ 1,043.26 $ 1,113.11 $ 1,069.23 AATR W/Drawal -34.06% -17.45% 9.89% -26.19% -16.22% -1.97% 5.01% 0.62% AATR Account -27.76% -11.15% 16.19% -19.89% -9.92% 4.33% 11.31% 6.92% Managed Bond Money Market Start Date 12/29/2000 12/29/2000 Beginning AUV 12.758805 12.095726 End Date 12/31/2001 12/31/2001 Ending AUV 13.502415 12.387528 Annual Fee (none) $ - $ - CDSC $ 63.00 $ 63.00 Ending ERV $ 1,100.61 $ 1,065.09 AATR W/Drawal 3.76% 0.21% AATR Account 10.06% 6.51%
Large Cap MidCap High Yield Value Capital Opp Global Growth BlueChip Health Telecom Start Date 12/29/2000 12/29/2000 N/A N/A N/A N/A N/A N/A Beginning AUV 11.516654 12.494395 End Date 12/31/2001 12/31/2001 Ending AUV 11.5084 11.870354 Annual Fee (none) $ - $ - CDSC $ 63.00 $ 63.00 Ending ERV $ 1,039.25 $ 988.06 AATR W/Drawal -2.37% -7.49% AATR Account 3.93% -1.19% Agg Grow Financial Tech Start Date N/A N/A N/A Beginning AUV End Date Ending AUV Annual Fee (none) CDSC Ending ERV AATR W/Drawal AATR Account
Last 3 Years ending 12/31/01 Value Variable Annuity (4%)
Aggresive Emerging Diversified Small-Cap International I-Net Equity Markets Research Equity Large-Cap Equity Tollkeeper Multi-Strategy Start Date 12/31/1998 12/31/1998 N/A 12/31/1998 N/A 12/31/1998 N/A 12/31/1998 Beginning AUV 12.193538 6.69746 15.816432 18.854959 15.16588 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 9.727639 5.791508 16.915918 14.663321 15.503009 Annual Fee (none) $ - $ - $ - $ - $ - CDSC $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 Ending ERV $ 829.68 $ 899.32 $ 1,112.30 $ 808.80 $ 1,063.12 AAR W/Drawal -8.48% -5.78% 1.62% -9.31% 0.00% AAR Account -6.03% -3.48% 3.61% -6.83% 2.06% Large-Cap Strategic Core (Equity Value Income) Start Date 12/31/1998 N/A Beginning AUV 18.102886 End Date 12/31/2001 Ending AUV 16.713457 Annual Fee (none) $ - CDSC $ 63.00 Ending ERV $ 960.18 AAR W/Drawal -3.55% AAR Account -1.35%
Mid-Cap International Small-Cap Real Estate Inflation Growth LT Focused 30 Value Value Equity Index Index (REIT) Managed Start Date 12/31/1998 N/A N/A 12/31/1998 12/31/1998 N/A N/A 12/31/1998 Beginning AUV 19.835315 13.289721 19.877336 11.797236 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 20.778681 10.832825 18.315224 12.935447 Annual Fee (none) $ - $ - $ - $ - CDSC $ 63.00 $ 63.00 $ 63.00 $ 63.00 Ending ERV $ 1,089.46 $ 847.73 $ 958.27 $ 1,140.34 AAR W/Drawal 0.87% -7.76% -3.62% 2.51% AAR Account 2.90% -5.36% -1.41% 4.47% Managed Bond Money Market Start Date 12/31/1998 12/31/1998 Beginning AUV 11.993331 11.163639 End Date 12/31/2001 12/31/2001 Ending AUV 13.502415 12.387528 Annual Fee (none) $ - $ - CDSC $ 63.00 $ 63.00 Ending ERV $ 1,170.86 $ 1,154.02 AAR W/Drawal 3.47% 2.95% AAR Account 5.40% 4.89%
Large Cap High Yield Value Capital Opp Global MidCap Growth BlueChip Health Telecom Agg Grow Financial Tech Start Date 12/31/1998 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Beginning AUV 11.952791 End Date 12/31/2001 Ending AUV 11.5084 Annual Fee (none) $ - CDSC $ 63.00 Ending ERV $ 1,001.33 AAR W/Drawal -2.10% AAR Account 0.04%
Last 5 Years ending 12/31/01 Value Variable Annuity (4%)
Aggresive Emerging Diversified Small-Cap International I-Net Equity Markets Research Equity Large-Cap Equity Tollkeeper Start Date 12/31/1996 12/31/1996 N/A 12/31/1996 N/A 12/31/1996 N/A Beginning AUV 10.672142 9.574244 12.157911 12.59345 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 9.727639 5.791508 16.915918 14.663321 Annual Fee (none) $ - $ - $ - $ - CDSC $ 45.00 $ 45.00 $ 45.00 $ 45.00 Ending ERV $ 947.96 $ 629.10 $ 1,447.00 $ 1,210.94 AAR W/Drawal -2.02% -10.20% 6.99% 3.12% AAR Account -1.06% -8.85% 7.67% 3.90% Large-Cap Core Multi-Strategy (Equity Income) Strategic Value Start Date 12/31/1996 12/31/1996 N/A Beginning AUV 11.032656 11.657031 End Date 12/31/2001 12/31/2001 Ending AUV 15.503009 16.713457 Annual Fee (none) $ - $ - CDSC $ 45.00 $ 45.00 Ending ERV $ 1,461.40 $ 1,491.12 AAR W/Drawal 7.21% 7.66% AAR Account 7.88% 8.32%
Growth LT Focused 30 Mid-Cap International Small-Cap Real Estate Value Value Equity Index Index (REIT) Start Date 12/31/1996 N/A N/A 12/31/1996 12/31/1996 N/A N/A Beginning AUV 11.6137 11.843494 11.968901 End Date 12/31/2001 12/31/2001 12/31/2001 Ending AUV 20.778681 10.832825 18.315224 Annual Fee (none) $ - $ - $ - CDSC $ 45.00 $ 45.00 $ 45.00 Ending ERV $ 1,860.72 $ 951.25 $ 1,591.44 AAR W/Drawal 12.67% -1.95% 9.11% AAR Account 13.22% -0.99% 9.74% Inflation Managed Managed Bond Money Market Start Date 12/31/1996 12/31/1996 12/31/1996 Beginning AUV 10.144127 10.274757 10.356036 End Date 12/31/2001 12/31/2001 12/31/2001 Ending AUV 12.935447 13.502415 12.387528 Annual Fee (none) $ - $ - $ - CDSC $ 45.00 $ 45.00 $ 45.00 Ending ERV $ 1,326.17 $ 1,366.70 $ 1,244.01 AAR W/Drawal 5.08% 5.74% 3.70% AAR Account 5.81% 6.45% 4.46%
Large Cap MidCap High Yield Value Capital Opp Global Growth BlueChip Health Telecom Agg Grow Start Date 12/31/1996 N/A N/A N/A N/A N/A N/A N/A N/A Beginning AUV 10.961721 End Date 12/31/2001 Ending AUV 11.5084 Annual Fee (none) $ - CDSC $ 45.00 Ending ERV $ 1,091.87 AAR W/Drawal 0.92% AAR Account 1.77% Financial Tech Start Date N/A N/A Beginning AUV End Date Ending AUV Annual Fee (none) CDSC Ending ERV AAR W/Drawal AAR Account
Last 10 Years ending 12/31/01 Value Variable Annuity (4%)
Aggresive Emerging Diversified Small-Cap International Equity Markets Research Equity Large-Cap Equity Start Date N/A N/A N/A 12/31/1991 N/A 12/31/1991 Beginning AUV 6.336157 7.109406 End Date 12/31/2001 12/31/2001 Ending AUV 16.915918 14.663321 Annual Fee (none) $ - $ - CDSC $ - $ - Ending ERV $ 2,776.53 $ 2,145.03 AAR W/Drawal 10.75% 7.93% AAR Account 10.75% 7.93% Large-Cap I-Net Multi- Core (Equity Strategic Tollkeeper Strategy Income) Value Start Date N/A 12/31/1991 12/31/1991 N/A Beginning AUV 7.387667 6.988556 End Date 12/31/2001 12/31/2001 Ending AUV 15.503009 16.713457 Annual Fee (none) $ - $ - CDSC $ - $ - Ending ERV $ 2,182.44 $ 2,487.21 AAR W/Drawal 8.12% 9.54% AAR Account 8.12% 9.54% Mid-Cap International Equity Small-Cap Growth LT Focused 30 Value Value Index Index Start Date N/A N/A N/A 12/31/1991 N/A N/A Beginning AUV 7.800684 End Date 12/31/2001 Ending AUV 10.832825 Annual Fee (none) $ - CDSC $ - Ending ERV $ 1,444.25 AAR W/Drawal 3.74% AAR Account 3.74% Real Estate Inflation Managed (REIT) Managed Bond Money Market Start Date N/A 12/31/1991 12/31/1991 12/31/1991 Beginning AUV 7.868926 7.651502 9.116548 End Date 12/31/2001 12/31/2001 12/31/2001 Ending AUV 12.935447 13.502415 12.387528 Annual Fee (none) $ - $ - $ - CDSC $ - $ - $ - Ending ERV $ 1,709.62 $ 1,835.26 $ 1,413.15 AAR W/Drawal 5.51% 6.26% 3.52% AAR Account 5.51% 6.26% 3.52% Large Cap Mid Cap High Yield Value Capital Opp Global Growth BlueChip Health Start Date 12/31/1991 N/A N/A N/A N/A N/A N/A Beginning AUV 6.315380 End Date 12/31/2001 Ending AUV 11.508400 Annual Fee (none) $ - CDSC $ - Ending ERV $ 1,895.17 AAR W/Drawal 6.60% AAR Account 6.60% Telecom Agg Grow Financial Tech Start Date N/A N/A N/A N/A Beginning AUV End Date Ending AUV Annual Fee (none) CDSC Ending ERV AAR W/Drawal AAR Account
From Inception of Separate Account Value Variable Annuity (4%)
Aggresive Emerging Diversified Small-Cap International I-Net Multi- Equity Markets Research Equity Large-Cap Equity Tollkeeper Strategy Start Date 4/17/1996 4/17/1996 1/3/2000 10/1/1999 1/3/2000 1/2/1996 5/1/2000 1/2/1996 Beginning AUV 9.908720 10.102463 10.000000 17.977974 10.000000 10.000000 10.000000 10.000000 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 9.727639 5.791508 10.422392 16.915918 6.235545 14.663321 4.379878 15.503009 Days 2084 2084 728 822 728 2190 609 2190 Annual Fee (none) $ - $ - $ - $ - $ - $ - $ - $ - CDSC $ 45.00 $ 45.00 $ 63.00 $ 63.00 $ 63.00 $ 45.00 $ 63.00 $ 45.00 Ending ERV $ 1,020.99 $ 596.21 $ 1,083.93 $ 978.56 $ 648.50 $ 1,524.99 $ 455.51 $ 1,612.31 AAR W/Drawal -0.42% -9.91% 1.04% -3.84% -23.54% 6.75% -42.91% 7.78% AAR Account 0.36% -8.66% 4.12% -0.96% -19.52% 7.29% -37.58% 8.29% Large-Cap Core Strategic (Equity Income) Value Start Date 1/2/1996 10/2/2000 Beginning AUV 10.000000 10.000000 End Date 12/31/2001 12/31/2001 Ending AUV 16.713457 8.662383 Days 2190 455 Annual Fee (none) $ - $ - CDSC $ 45.00 $ 63.00 Ending ERV $ 1,738.20 $ 900.89 AAR W/Drawal 9.17% -13.23% AAR Account 9.65% -8.03%
Mid-Cap International Equity Small-Cap Real Estate Inflation Growth LT Focused 30 Value Value Index Index (REIT) Managed Start Date 1/2/1996 10/2/2000 1/4/1999 1/2/1996 1/2/1996 1/4/1999 1/4/1999 1/2/1996 Beginning AUV 10.000000 10.000000 10.000000 10.000000 10.000000 10.000000 10.000000 10.000000 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 20.778681 7.032229 14.27982 10.832825 18.315224 11.223609 13.819011 12.935447 Days 2190 455 1092 2190 2190 1092 1092 2190 Annual Fee (none) $ - $ - $ - $ - $ - $ - $ - $ - CDSC $ 45.00 $ 63.00 $ 63.00 $ 45.00 $ 45.00 $ 63.00 $ 63.00 $ 45.00 Ending ERV $ 2,160.98 $ 731.35 $ 1,485.10 $ 1,126.61 $ 1,904.78 $ 1,167.26 $ 1,437.18 $ 1,345.29 AAR W/Drawal 13.31% -27.62% 12.49% 1.32% 10.89% 3.37% 11.21% 4.47% AAR Account 13.70% -22.20% 14.13% 2.01% 11.34% 5.31% 12.89% 5.07% Managed Money Bond Market Start Date 1/2/1996 1/2/1996 Beginning AUV 10.000000 10.000000 End Date 12/31/2001 12/31/2001 Ending AUV 13.502415 12.387528 Days 2190 2190 Annual Fee (none) $ - $ - CDSC $ 45.00 $ 45.00 Ending ERV $ 1,404.25 $ 1,288.30 AAR W/Drawal 5.25% 3.70% AAR Account 5.82% 4.31%
Large Cap High Yield Value Capital Opp Global MidCap Growth BlueChip Health Telecom Start Date 1/2/1996 1/4/1999 1/2/2001 1/2/2001 1/2/2001 1/2/2001 1/2/2001 1/2/2001 Beginning AUV 10.000000 10.000000 10.000000 10.000000 10.000000 10.000000 10.000000 10.000000 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 11.5084 11.870354 8.327811 8.383788 8.005332 8.028918 9.101629 5.253255 Days 2190 1092 363 363 363 363 363 363 Annual Fee (none) $ - $ - $ - $ - $ - $ - $ - $ - CDSC $ 45.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 Ending ERV $ 1,196.87 $ 1,234.52 $ 866.09 $ 871.91 $ 832.55 $ 835.01 $ 946.57 $ 546.34 AAR W/Drawal 2.38% 5.43% -19.69% -19.11% -23.04% -22.80% -11.64% -51.67% AAR Account 3.04% 7.30% -13.39% -12.81% -16.74% -16.50% -5.34% -45.37% Agg Grow Financial Tech Start Date 1/2/2001 1/2/2001 1/2/2001 Beginning AUV 10.000000 10.000000 10.000000 End Date 12/31/2001 12/31/2001 12/31/2001 Ending AUV 7.909705 9.141828 5.823391 Days 363 363 363 Annual Fee (none) $ - $ - $ - CDSC $ 63.00 $ 63.00 $ 63.00 Ending ERV $ 822.61 $ 950.75 $ 605.63 AAR W/Drawal -24.04% -11.22% -45.74% AAR Account -17.74% -4.92% -39.44%
From Inception of Fund Value Variable Annuity (4%)
Aggresive Emerging Diversified Small-Cap International I-Net Equity Markets Research Equity Large-Cap Equity Tollkeeper Start Date 4/1/1996 4/1/1996 1/3/2000 1/4/1988 1/3/2000 1/3/1984 5/1/2000 Beginning AUV 10.000000 10.000000 10.000000 3.715777 10.000000 2.515479 10.000000 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 9.727639 5.791508 10.422392 16.915918 6.235545 14.663321 4.379878 Days 2100 2100 728 5110 728 6572 609 Annual Fee (none) $ - $ - $ - $ - $ - $ - $ - CDSC $ 45.00 $ 45.00 $ 63.00 $ - $ 63.00 $ - $ 63.00 Ending ERV $ 1,011.67 $ 602.32 $ 1,083.93 $ 3,369.95 $ 648.50 $ 3,059.48 $ 455.51 AAR W/Drawal -0.59% -9.66% 1.04% 9.07% -23.54% 6.41% -42.91% AAR Account 0.20% -8.43% 4.12% 9.07% -19.52% 6.41% -37.58% Large-Cap Core Multi-Strategy (Equity Income) Strategic Value Start Date 1/4/1988 4/1/1998 1/3/2000 Beginning AUV 4.848630 16.761003 10.000000 End Date 12/31/2001 12/31/2001 12/31/2001 Ending AUV 15.503009 16.713457 8.662383 Days 5110 1370 728 Annual Fee (none) $ - $ - $ - CDSC $ - $ 63.00 $ 63.00 Ending ERV $ 3,325.30 $ 1,037.05 $ 900.89 AAR W/Drawal 8.96% -0.70% -8.49% AAR Account 8.96% 0.97% -5.10%
Mid-Cap International Small-Cap Real Estate Growth LT Focused 30 Value Value Equity Index Index (REIT) Start Date 12/30/1994 1/3/2000 1/4/1999 1/4/1988 1/30/1991 1/4/1999 1/4/1999 Beginning AUV 7.409890 10.000000 10.000000 6.046630 5.257292 10.000000 10.000000 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 20.778681 7.032229 14.279820 10.832825 18.315224 11.223609 13.819011 Days 2558 728 1092 5110 3988 1092 1092 Annual Fee (none) $ - $ - $ - $ - $ - $ - $ - CDSC $ - $ 63.00 $ 63.00 $ - $ - $ 63.00 $ 63.00 Ending ERV $ 2,916.35 $ 731.35 $ 1,485.10 $ 1,863.21 $ 3,623.13 $ 1,167.26 $ 1,437.18 AAR W/Drawal 16.50% -18.29% 12.49% 4.55% 12.50% 3.37% 11.21% AAR Account 16.50% -14.52% 14.13% 4.55% 12.50% 5.31% 12.89% Inflation Managed Managed Bond Money Market Start Date 1/4/1988 1/4/1988 1/4/1988 Beginning AUV 5.409269 5.184201 7.340021 End Date 12/31/2001 12/31/2001 12/31/2001 Ending AUV 12.935447 13.502415 12.387528 Days 5110 5110 5110 Annual Fee (none) $ - $ - $ - CDSC $ - $ - $ - Ending ERV $ 2,487.00 $ 2,708.71 $ 1,755.18 AAR W/Drawal 6.72% 7.38% 4.10% AAR Account 6.72% 7.38% 4.10%
Large Cap MidCap High Yield Value Capital Opp Global Growth BlueChip Health Start Date 1/4/1988 1/4/1999 1/2/2001 1/2/2001 1/2/2001 1/2/2001 1/2/2001 Beginning AUV 4.737509 10.000000 10.000000 10.000000 10.000000 10.000000 10.000000 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 11.508400 11.870354 8.327811 8.383788 8.005332 8.028918 9.101629 Days 5110 1092 363 363 363 363 363 Annual Fee (none) $ - $ - $ - $ - $ - $ - $ - CDSC $ - $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 $ 63.00 Ending ERV $ 2,526.38 $ 1,234.52 $ 866.09 $ 871.91 $ 832.55 $ 835.01 $ 946.57 AAR W/Drawal 6.84% 5.43% -19.69% -19.11% -23.04% -22.80% -11.64% AAR Account 6.84% 7.30% -13.39% -12.81% -16.74% -16.50% -5.34% Telecom Agg Grow Financial Tech Start Date 1/2/2001 1/2/2001 1/2/2001 1/2/2001 Beginning AUV 10.000000 10.000000 10.000000 10.000000 End Date 12/31/2001 12/31/2001 12/31/2001 12/31/2001 Ending AUV 5.253255 7.909705 9.141828 5.823391 Days 363 363 363 363 Annual Fee (none) $ - $ - $ - $ - CDSC $ 63.00 $ 63.00 $ 63.00 $ 63.00 Ending ERV $ 546.34 $ 822.61 $ 950.75 $ 605.63 AAR W/Drawal -51.67% -24.04% -11.22% -45.74% AAR Account -45.37% -17.74% -4.92% -39.44%