AVAILABLE DURING ACCUMULATION AND DISTRIBUTION Moderate Portfolio Conservative Portfolio % % Target Equity 65 50 allocation % % Fixed income 35 50 U.S. Large Cap Equity 26.00% 20.00% U.S. Small Cap Equity 9.75% 7.50% U.S.High Growth Equity 9.75% 7.50% U.K. Equity 6.50% 5.00% European Equity 6.50% 5.00% Japan Equity 3.25% 2.50% Asia Equity (excluding Japan) 3.25% 2.50% Fixed Income 35.00% 50.00% Total 100% 100% Available during ACCUMULATION Available during DISTRIBUTION For Financial Professional Use Only. Not for Use With Consumers. 23