Figures represent past performance, do not take into account any applicable taxes and would be lower if optional features were selected.4 Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so when units are redeemed, they may be worth more or less than original cost. Current performance may be lower or higher than advertised performance. The performance above is as of the most recent month-end. You should consider the contract’s and underlying portfolios’ investment objectives, risks, charges and expenses carefully before investing. The contract’s prospectus and underlying portfolios’ prospectuses contain information about the investment objectives, risks, charges and expenses, as well as other important information. You should read the prospectuses carefully before investing. To obtain a copy of the prospectuses, please call (800) 789-6771.
1 The Non-Standardized Cumulative Total Returns and Non-Standardized Average Annual Total Returns represent past performance based on a $1,000 hypothetical investment and reflect deduction of a 1.25% annual Mortality and Expense charge and a 0.15% annual administration charge. The returns may include hypothetical performance for periods before the portfolios were available in The Commodore variable annuities.
2 As required by the SEC, the Standardized Average Annual Total Returns represent past performance based on a $1,000 hypothetical investment. The returns are shown through the latest calendar quarter and reflect deduction of a 1.25% annual M&E charge, a 0.15% annual administration charge, a $30 annual contract maintenance fee and Contingent Deferred Sales Charges for the first seven years following each Purchase Payment: 7% in years one through three; 6% in year four, 5% in year five, 4% in year six, 2% in year seven and 0% in years eight and beyond (charged only on surrender). Because the inception date of the separate account is August 1, 2002, performance information is not available for the five- or 10-year period.
3 Non-Standardized "Inception" returns are from the Portfolio Inception Date. Standardized "Inception" returns are from the later of the separate account inception date, which was August 1, 2002, or the Portfolio Inception Date.
4 A contract with optional features has a higher M&E charge and lowers the returns shown—the Enhanced Death Benefit’s annual M&E is 0.10% (0.25% for issue ages 71-78); the Earnings Enhancement Benefit’s annual M&E is 0.30%; the Guaranteed Minimum Income Benefit’s annual M&E is 0.30%. The optional features are not available for new sales as of May 1, 2003.
Foreign investing involves special risks such as currency fluctuations and political uncertainty. High-yield bonds are subject to a higher level of credit and market risks. Sector-based portfolios, especially those investing in technology companies, may be more volatile than more diversified portfolios. Small- and mid-cap stocks may hold more investment risk than large-cap stock