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Retirement Extra using Life Insurance

ING INDEXED UNIVERSAL LIFE-GLOBAL CHOICEA Flexible Premium Adjustable Life Insurance Policy(Standard Form #1186-09/12; may vary by state)

Security Life of Denver Insurance Company

Designed for:

Valued Client

Presented by:

Unassigned AgentSecurity Life of Denver Insurance Company8055 East Tufts Avenue, Suite 650Denver, CO 80237

This analysis is for illustration purposes and is not guaranteed. It is not a financial plan and does not address all areas of financial

concern. This analysis is based upon information provided by the client. The ING Life Companies and their agents and representatives

do not give tax or legal advice. Please consult with your attorney, accountant, or tax advisor for additional information.

LIFE

RX-7404/14/2013 02:42 PMPage 1 of 34

Using ING Indexed Universal Life-Global Choice withRetirement Extra

The ING Indexed Universal Life-Global Choice product is a flexible premium, universallife insurance product designed to provide a death benefit and allow for cash values. Itincludes an Indexed Strategy with 3 different crediting options where index credits arelinked in part to increases, if any, in outside indexes. The S&P 500® 1 Year Point toPoint Index Strategy is subject to an annual minimum and maximum index credit rate.The 2 and 5 Year Global Indexed Strategies are linked to weighted changes in threeindexes – the S&P 500® Index, the EURO STOXX 50® Index, and the Hang SengIndex - and calculates an index credit under a formula employing a look back strategywhere a portion of the better performing two out of three indexes is used, and is subjectto a Guaranteed Minimum Interest Rate.

While the policy values may be affected by external indexes, the policy does not directlyparticipate in any index fund, stock or equity investments, and all policy guarantees arebased solely on the financial strength and claims-paying ability of Security Life ofDenver Insurance Company. The product is not a variable product or any type ofinvestment contract. See IMPORTANT INDEX DISCLAIMERS for moreinformation about each index.

This presentation is not valid without an accompanying personalized policy illustration. 04/14/2013 02:42 PMVersion M3 2013.01.11-HO, Released 04/01/2013

Page 2 of 34

Following is a summary of the benefits of Retirement Extra Using Life Insurance, based on the assumptionsin the accompanying illustration.

Valued Client, Age: 45Retirement Age: 70Age to Start Cash Value Distribution*: 70Policy Loan Type: Select Loans

PREMIUM

Initial Annual Policy Premium: $6,000

Number of Years to Pay Policy Premium: 25

Total Policy Premiums over 25 Years: $150,000

CASH VALUE DISTRIBUTIONS

Available Net Surrender Value at Age 70: $353,936

Annual Cash Value Distribution for 20 years: $36,702

Total Cash Value Distribution: $734,033

Cash Surrender Value at Age 121: $6,818,246

DEATH BENEFIT

Year 1 Net Death Benefit: $177,422

Available Net Death Benefit at Age 70: $526,936

Available Net Death Benefit at Age 121: $6,991,246

YOUR NUMBER $2,456,863

Your life insurance policy can both help you reach Your Number by accumulating cash valuethat may potentially be used as supplemental retirement income and protect Your Number byproviding a death benefit that can be used as income for your family if you die prematurely.

The values illustrated are based on the illustrated policy interest rate, index credit rate and current cost assumptions.

The values illustrated are not guaranteed. They assume that the illustrated non-guaranteed elements of the policy will continueunchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable than those shown. Thispage must be accompanied by the basic Policy Illustration, which includes the guaranteed elements of the policy and other importantinformation.

A portion of the policy's surrender value may be available as a source of supplemental retirement income through policy loans andwithdrawals. Income tax free policy distributions may be achieved by policy loans or withdrawing to the cost basis (usually premiumspaid). This assumes the policy qualifies as life insurance, is not a modified endowment contract and is not lapsed or surrendered with anoutstanding loan. Policy loans will reduce the policy's death benefit and available net surrender value.

Your Number

$2,456,863Retirement Extra Using Life Insurance Summary


Page 3 of 34

Select Loans have the risk that policy performance may be lower than projected in the illustration if the amount credited to the accountvalue in the Fixed Strategy and/or Indexed Strategy is less than the fixed 6% interest charged on the policy loan. Detailed additionalinformation about policy loans is located in the accompanying personalized policy illustration.

* Policyowner must request distributions from the company.

Your Number

$2,456,863Retirement Extra Using Life Insurance Summary


Page 4 of 34

The benefits below are projections based on the hypothetical rate of return, current policy cost assumptions,sex, premium class, death benefit option, and state of issue for the ING Indexed Universal Life-Global Choicelife insurance illustration that accompanies this page.

InitialAnnualPolicy

Premium

AnnualCash Value

Distributionsat Age 70

TotalCash Value

Distributionsat Age 90

If You Start TodayAt Age 45 $6,000 $36,702 $734,033

If You Wait One YearAt Age 46 $6,000 $33,298 $665,952

The values illustrated are based on the illustrated policy interest rate, index credit rate and current cost assumptions.

The values illustrated are not guaranteed. They assume that the illustrated non-guaranteed elements of the policy willcontinue unchanged for all years shown. This is not likely to occur, and actual results may be more or less favorable thanthose shown. This page must be accompanied by the basic Policy Illustration, which includes the guaranteed elements of thepolicy and other important information.

A portion of the policy's surrender value may be available as a source of supplemental retirement income through policyloans and withdrawals. Income tax free policy distributions may be achieved by policy loans or withdrawing to the costbasis (usually premiums paid). This assumes the policy qualifies as life insurance, is not a modified endowment contract andis not lapsed or surrendered with an outstanding loan. Policy loans will reduce the policy's death benefit and available netsurrender value.

Select Loans have the risk that policy performance may be lower than projected in the illustration if the amount credited tothe account value in the Fixed Strategy and/or Indexed Strategy is less than the fixed 6% interest charged on the policy loan.Detailed additional information about policy loans is located in the accompanying personalized policy illustration.

* Policyowner must request distributions from the company.

Your Number

$2,456,863The Cost of Waiting


Page 5 of 34

EXPLANATION OF POLICY ILLUSTRATIONA Narrative Summary

Policy Introduction: The ING Indexed Universal Life-Global Choice product illustrated on the accompanyingpages is a flexible premium adjustable life insurance policy which can provide a lifetime

death benefit. The death benefit is adjustable and may depend on the account value in the

policy. The account value is based on the timing and amount of your premiums, policy and

rider charges, the index credit rate, index credit, if any, and the interest credited to the policy.

This illustration assumes all premiums are received by the Company on the first day of each

illustrated year. This product is offered by Security Life of Denver Insurance Company, a

member of the ING family of companies, and is filed as Policy Form Series #1186-09/12

(which may vary by state).

This product has two strategies: a Fixed Strategy and an Indexed Strategy. Premiums paid,

minus any premium expense charges (the net premiums) are initially credited to the Fixed

Strategy. Thereafter, amounts in the Fixed Strategy can be elected to the Indexed Strategy.

The Indexed Strategy is made up of three strategies: S&P500® 1 Year Point to Point, 2 Year

Global and 5 Year Global. This illustration assumes 25% of the premium is elected to the

S&P 500® 1 Year Point to Point Indexed Strategy, and 75% of the premium is elected to the

2 Year Global Indexed Strategy. This product is not a variable contract or any type of

investment contract where cash value is based upon performance of client selected variable

investment options. While your policy values may be affected by external indexes, your

policy is not an investment in the stock market and does not directly participate in any index

fund, stock or equity investment. This product is not meant to be an investment vehicle. ING

Indexed Universal Life-Global Choice is not a variable product or any type of

investment contract.

This illustration is not the actual life insurance policy you will receive nor is it part of the

contract. This illustration is intended only to show you how the life insurance policy might

react based on the interest rate, index credit rate, index credit, if any, and premium payment

assumptions contained in the illustration. Due to your individual circumstances, your policy,

upon issue, may differ from what is illustrated. In that event, the terms of your policy control.

Following is a description of some of the key terms and features of this life insurance product.

Guaranteed Values:0.00% Guaranteed Minimum

Interest Rate Indexed Strategy

The guaranteed values are the minimum values that will accrue, assuming you pay the

premiums as illustrated. These values are calculated based on the guaranteed minimum

interest rate of 0.00% on the Indexed Strategy, no index credit, the guaranteed maximum cost

of insurance rates, and the guaranteed maximum expenses in the policy.

ING INDEXED UNIVERSAL LIFE-GLOBAL CHOICEA Flexible Premium Adjustable Life Insurance PolicySecurity Life of Denver Insurance Company

This illustration is not valid without all pages.

Rtrmt Extra Min Face IUL-Global Choice for Valued Client Presented by: Unassigned AgentVersion P2 M3 2013.01.11-HO, Released 04/01/2013 04/14/2013 02:42 PM6bed798d-435f-42f2-8ee4-c750e1d36534GL: 6,028 GS: 37,113 7P: 7,362 TP: 2,595 MP: 1,617 Page 6 of 34

Non-Guaranteed Values:

Illustrated Hypothetical

Annualized Index Credit Rate(s):

6.53% S&P 500® 1 Year

Point to Point

8.25% 2 Year Global

The non-guaranteed values are based on the illustrated hypothetical index credit rate(s),

current index cap(s) and participation rate(s), current cost of insurance rates, and current

expense charges. The actual amount credited to the policy will vary based on the strategy

described below. The cost of insurance rates, policy expense charges, index cap, index credit,

participation rate, and the interest crediting rate are subject to change. This illustration

assumes that the illustrated non-guaranteed elements will continue unchanged for all

years shown. This is not likely to occur, and actual results will be more or less favorable

than those shown. Security Life of Denver Insurance Company reserves the right to

change the non-guaranteed benefits and values of this illustration.

Fixed Strategy: The Fixed Strategy credits interest on a portfolio interest rate basis. This means that yourentire account value in the Fixed Strategy is credited at the same interest rate.

The Fixed Strategy offers a guarantee of both principal and interest at a minimum annual rate

of return of 2.00%. The current credited interest rate declared by Security Life of Denver

Insurance Company for the Fixed Strategy is 4.35% and is in effect for the first 12 months.

After the first 12 months, this rate is subject to change, but changes may not occur to your

contract more frequently than annually. Policy charges are deducted first from the Fixed

Strategy until depleted and then on a pro rata basis from each of the Indexed Strategy blocks.

You may elect amounts from the Fixed Strategy to the Indexed Strategy on the election date.

Your illustration is based on your initial election of premiums between the Fixed Strategy and

the Indexed Strategy. Details on election restrictions are contained in your policy.




Indexed Strategy: The Indexed Strategy is a strategy available under the policy through which the policyownermay elect to have all or part of the Account Value receive Index Credits based in part on

changes in the values of the Indexes. The available indexed strategies are the S&P 500® 1

Year Point to Point Indexed Strategy, 2 Year Global Indexed Strategy, and 5 Year Global

Indexed Strategy. The value of the Indexed Strategy equals the sum of the values of the

indexed strategies.

On each block maturity date, an index credit, if any, is added to the value of the block(s). The

index credit is subject to an index cap and is based on the index change rate or weighted index

change rate for each index, the participation rate, and guaranteed minimum interest rate of

each indexed strategy.

The S&P 500® 1 Year Point to Point Indexed Strategy is based on the performance of the

S&P 500® Index, which is an index of stock performance of 500 publicly traded companies.

It does not reflect dividends payable on the underlying stocks.

The 2 Year Global and 5 Year Globaly Indexed Strategies are comprised of an index crediting

formula that takes into consideration three different indexes: EURO STOXX 50® Index,

Hang Seng Index, and S&P 500® Index. EURO STOXX 50® Index is an index of blue-chip

stocks that are represented by 50 stocks covering the largest sector leaders in the EURO

STOXX 50® Index. It does not reflect dividends payable on the underlying stocks. Hang

Seng Index is an index of the largest and most liquid stocks listed on the Stock Exchange of

Hong Kong. It does not reflect dividends payable on the underlying stocks. S&P 500® is an

index of stock performance of 500 publicly traded companies. It does not reflect dividends

payable on the underlying stocks.

See IMPORTANT INDEX DISCLAIMERS for more information about each index.

Index Change Rate: The index change rate for each index is equal to (b) minus (a), divided by (a), where: (a) is the value of the Index at the close of business on the block start date, and

(b) is the value of the Index at the close of business on the block maturity date.

For the S&P 500® 1 Year Point to Point Indexed Strategy only, the Index Change Rate will

never be less than zero and will never be more than the Index Cap.

Weighted Index

Change Rate:

The weighted index change rate is only applicable to the 2 Year Global Indexed Strategy and

5 Year Global Indexed Strategy. The weighted index change rate equals the lesser of the

index cap and (a) plus (b) plus (c), where:

(a) is the highest index change rate multiplied by 75%; and

(b) is the next highest index change rate multiplied by 25%; and

(c) is the lowest index change rate multiplied by 0%.

The weighted index change rate is guaranteed not to be less than zero and will never be more

than the applicable Index Cap.




Index Cap: The index cap is a limit on the index change rate for the S&P 500® 1 Year Point to PointIndexed Strategy and a limit on the weighted index change rate for the 2 and 5 Year Global

Indexed Strategies. The index cap for each block is set on the block start date and will not

change for that block. The index cap can be changed by us at any time for new blocks,

subject to any guaranteed minimum index cap.

Indexed Strategy Guaranteed Current

S&P 500® 1 Year 3.5% 12%

2 Year Global 10% Unlimited

5 Year Global 100% Unlimited

Participation Rate: The participation rate is the percentage of the index change rate on the S&P 500® 1 YearPoint to Point Indexed Strategy and the weighted index change rate that will be recognized in

the calculation of the index credit for the 2 and 5 Year Global Indexed Strategies. For each

block, the participation rate will be the participation rate on the block start date and it will not

change for that block.

Indexed Strategy Guaranteed Current

S&P 500® 1 Year 100% 100%

2 Year Global 20% 55%

5 Year Global 15% 75%

Index Credit Rate: The index credit rate equals: · The index credit rate for the S&P 500® 1 Year Point to Point Indexed Strategy and

the weighted index change rate for the 2 and 5 Year Global Indexed Strategies;

multiplied by

· The applicable participation rate.

Index Credit An index credit is calculated and added to a block at the close of business on the blockmaturity date only. The index credit on the block maturity date is equal to (a) divided by (b)

multiplied by (c), where:

(a) is the index credit rate calculated on the block maturity date;

(b) is the index credit calculation rate times the index crediting period; and

(c) is the total index credit calculation interest calculated on the block from

the block start date to the block maturity date, prior to the addition of

the index credit.

Index Credit Calculation Interest is calculated on the daily value of each Block for purposes

of calculating the Index Credit only. The Index Credit Calculation Interest is not added to the

Block.




Hypothetical

Annualized Index

Credit Rate:

The non-guaranteed policy values shown in this life insurance illustration are based on

hypothetical index credit rates that are selected for each index that may not exceed the

maximum hypothetical index credit rate for each respective indexed strategy. The current

maximum hypothetical annualized credit rate for the S&P 500® 1 Year Point to Point

Indexed Strategy is 7.39% The current maximum hypothetical index credit rate for the 2 Year

Global Indexed Strategy is 18.81%, which corresponds to an annualized rate of 9.00%. The

current maximum hypothetical index credit rate for the 5 Year Global Indexed Strategy is

61.05%, which corresponds to an annualized rate of 10.00%. Index credits, if any, are

applied to an index block at block maturity.

This illustration assumes that non-guaranteed illustrated elements, including the

hypothetical index credit rate, current index caps and current participation rates will

continue for all years shown. This is not likely to occur, and actual results will be more

or less favorable than those shown. In addition, hypothetical rates cannot be relied upon

as an indication of future performance and there is no guarantee that future index

performance will generate index credits. The actual index credit rate for any particular

index block under the policy may vary from the hypothetical index credit rates allowed

to be shown in this illustration. Actual future credits depend on future index

performance, performance caps, and participation rates applicable to future index

blocks.

To be sure this is the right type of life insurance product for you, you should consider

alternative scenarios using multiple hypothetical index credit rates below the maximums

including variation in short term and long term performance to see the effect that changing

hypothetical index credit rate assumptions will have on the policy’s Account Value, Net

Surrender Value, Net Death Benefit and the premiums required to continue your insurance

coverage.

Premium Outlay: The premium outlay is the net annualized outlay to the policyowner. It is equal to scheduledpremium payments and loan repayments less any partial withdrawals and policy loans. In

general, a negative value in this column indicates that more money was distributed from the

policy, either as a loan or partial withdrawal, than was paid as premium in that year.

First-Year Scheduled

Premium: $6,000.00

The scheduled premiums are shown in the yearly detail of this illustration. Note that

coverage may end at different times under guaranteed and non-guaranteed illustrated

assumptions.

Guideline Level Premium:

$6,028.79

The guideline level premium is the maximum premium that can be paid into the policy, based

on current tax law, if level premiums are paid each year. This guideline level premium will

change if any coverage increases, decreases, or changes are made to the policy.




Minimum Monthly

Premium: $134.67

The minimum monthly premium is the minimum premium required to issue the policy. The

minimum monthly premium must be paid during each of the first 9 policy years to qualify for

the special continuation period. The special continuation period guarantees that your policy

will not lapse if the following two conditions are met: the policy account value less any policy

loan must be positive and the sum of the premiums paid since the policy date, less all partial

withdrawals, and less any policy loans, must be equal to or greater than the sum of the

Minimum Monthly Premiums. This minimum monthly premium does not include, if

applicable, scheduled increases and will change if increases or decreases are made in any of

the policy benefits. Following this period, premium payments higher than this minimum

premium may be required to keep the policy in force. Paying only the minimum premium

does not guarantee continuation of the policy. In addition, you may be foregoing the

advantage of potentially building the policy's account value.

Rider Benefits

Included:

Listed below are rider benefits illustrated on this policy illustration. Charges for these

benefits, unless otherwise stated, reduce the account value.

Accelerated Benefit Rider: The Accelerated Benefit Rider allows a portion of the death benefit to be paid to thepolicyowner prior to the death of the insured in the event the insured becomes terminally ill or

in the event of other catastrophic Qualifying Conditions. There is no cost associated with this

rider unless the option to accelerate the death benefit is exercised. For additional details

please see the accompanying Accelerated Benefit Rider Disclosure Form.

Overloan Lapse Protection

Rider:

The Overloan Lapse Protection Rider is designed to keep your policy in force when loan

balances approach 100% of the account value. There is no cost for this rider unless the option

is exercised. This illustration assumes that the Overloan Lapse Protection Rider was not

exercised.

Net Death Benefit:Initial Stated Death Benefit:

$173,000

The proceeds are the amount paid to the beneficiary upon the death of the insured. The initial

stated death benefit amount plus any policy account value is the death benefit at issue. The

death benefit amounts illustrated are shown as of the end of the year and reflect the stated

death benefit provided by the policy less any outstanding policy loans and accrued loan

interest, minus policy charges incurred, but not yet deducted.

Under Option 1 (Level), the death benefit is equal to the stated death benefit. Under Option 2

(Increasing), the death benefit is equal to the stated death benefit plus the account value.

Under both options, a greater death benefit will apply if the minimum death benefit to qualify

as life insurance based on the Death Benefit Qualification Test exceeds the amounts described

above. The initial Death Benefit Option assumed in this illustration is 2 (Increasing).

After attained age 121, only Option 1 will be available. All policies will be converted to

Option 1 policies and the stated death benefit will be equal to the death benefit immediately

prior to the policy anniversary nearest to attained age 121.




Account Value: The account value is the sum of the Fixed Strategy, the Indexed Strategy, and the policy loanaccount. Deductions from the account value are made every month throughout the life of the

policy until attained age 121, regardless of whether premiums are paid or not paid.

Deductions are subtracted from the Fixed Strategy until depleted and then on a pro rata basis

from each of the Indexed Strategy blocks. The account value will vary based on the timing

and amount of your premiums, policy and rider charges, index credit, if any, and the interest

credited to the policy. See your policy for details.

This policy also has an Alternate Guaranteed Account Value. The Alternate Guaranteed

Account Value is the value that, if greater than the account value, is used instead of the

account value only at the time of death or surrender in the calculation of the base death

benefit or surrender value. The Alternate Guaranteed Account Value is calculated in the same

manner as the account value except that it uses a cumulative Alternate Guaranteed Account

Value Interest Rate of 1.00% per year. See your policy for details. The Alternate Guaranteed

Account Value is not reflected in this illustration's Account Value or Surrender Value.

However, it is reflected in the net death benefit amount when applicable.

Net Surrender Value: The net surrender value is equal to the account value of the policy reduced by the amount ofany surrender charges and any outstanding policy loan amounts including accrued but unpaid

policy loan interest, less any unpaid monthly deductions. This is the amount payable on

surrender. Because the index credit is applied on the block maturity date, upon surrender,

blocks that have not matured will not receive an index credit. A portion of the net surrender

value may also be available for partial withdrawals or policy loans.

Policy Loans:This illustration includes

a proposed loan using the

Select Loans.

Two types of policy loans are available; Traditional Loans and Select Loans. These are

available anytime on or after the first policy month. Policy loans will reduce the policy’s

available net surrender value. The annual interest expense is charged in arrears. If loan

interest is not paid in cash, it is added to the outstanding loan amount. The unpaid loan

interest will then increase the amount borrowed and, in turn, result in increased loan interest

charges. If the insured dies while there is an outstanding loan, the loan amount will be

deducted from the death proceeds.

The policy may only have one loan type at a time. The loan type is selected the first time a

policy loan is requested and each time Select Loans are requested. Once the owner chooses

Traditional Loans, the owner may never change to Select Loans. The owner may switch from

Select Loans to Traditional Loans only one time during the life of the policy, but may never

change back to Select Loans. See Select Loans below for additional detail on changing the

loan type.

Policy loans (and withdrawals) may reduce or eliminate index credits, generate an income tax

liability, reduce available surrender value and reduce the death benefit, or cause the policy to

lapse.




Select Loans: Select Loans are policy loans in which an amount equal to each new loan or loan interest due

is added to the loan amount while the account value remains in the Fixed Strategy and/or

Indexed Strategy as elected by the policyowner. With Select Loans the loan amount is not

added to the Policy Loan Account. The interest rate charged on the outstanding loan amount

is fixed at 6% per year in arrears, regardless of the indexed credits earned and/or the credited

interest rates. The loan interest charge accrues daily. Interest is credited to the Fixed Strategy

on a daily basis. Index Credits, if any, are applied when blocks mature creating a timing

mismatch between accrual of loan interest and potential index credits. Please note that this

mismatch is greater when premiums are allocated to index blocks with longer Index Crediting

Periods.

Select Loans have the risk that policy performance may be lower than projected in the

following illustration if the amount credited to the account value in the Fixed Stategy and/or

Indexed Strategy is less than the fixed 6% interest charged on the policy loan. Policy

performance may be higher or lower than projected. If the policy performance is lower than

projected the policy could lapse without additional premium or loan interest payments.

For Select Loans the maximum difference between the amount credited to the account value

and the interest charged on the policy loan each year is 6%. For Traditional Loans the

guaranteed maximum difference is 1%.

With Select Loans, the result of having a policy loan varies depending on the index credits

earned and/or the credited interest rates, and if you pay loan interest in cash or allow it to

accrue. For example, if the account value grows over time at an annualized average of 9%,

the cost of Select Loans is a net gain of 3% (6% charged rate less 9% annualized earned rate).

On the other hand, if the account value grows over time at the guaranteed annual rate of 0%,

the net cost of Select Loans is 6% (6% charged rate less 0% earned rate).

This is a hypothetical example and not intended to represent the actual financial impact of

Select Loans.

The straight line in the following graph shows the 6% level loan interest rate which will be

charged to the policy loan amount for Select Loans. The uneven line represents what the

index credit rate would have been for the S&P 500® 1 Year Point to Point Indexed Strategy,

including the current index cap. The dark shaded areas below the 6% line show when loan

interest charged for Select Loans would have been more than would have been credited to the

index strategy on a current basis. See the Historical Returns and Percentiles page of this

illustration for more detail about the assumptions underlying the graph. These rates are

based on historical information and should not be used as an indication of future

performance. The actual amount credited to the policy will vary.




The owner may switch from Select Loans to Traditional Loans only one time during the

policy but may never change back to Select Loans. If switching from Select Loans to

Traditional Loans results in amounts being deducted from a Block prior to its Block Maturity

Date, elections from the Fixed Strategy to the Indexed Strategy will not be allowed in the 18

months following the switch. All premium payments will be applied to the Fixed Strategy in

the 18 months following the switch.

If the policy is in force when the insured reaches attained age 121 Select Loans will be

converted to Traditional Loans regardless of the loan selection.

Traditional Loans: Traditional Loans may be taken from the policy by securing the loan amount with the cashvalue in the life insurance policy in the policy loan account. Once the owner chooses

Traditional Loans, the owner may never change to Select Loans.

The loan interest expense on the loan is charged in arrears at the rate of 2.75% years 1-10

(3.00% guaranteed), and 2.00% thereafter (2.15% guaranteed). The policy loan account

values are credited with interest at a current and guaranteed rate of 2.00% in all years.

If a Traditional Loan results in amounts being deducted from a Block prior to its Block

Maturity Date, elections from the Fixed Strategy to the Indexed Strategy will not be allowed

in the 18 months following the loan. All premium payments will be applied to the Fixed

Strategy in the 18 months following the loan.




HISTORICAL RETURNS AND PERCENTILES

Strategy Results - Block Maturity Historical ReturnsThe following graphs were developed using historical index data and current non-guaranteed index parameters that are reflected belowfor three indexed strategies and the hindsight index crediting methodology used in the ING IUL-Global Choice policy. The uneven linereflects what the annualized index credit rate could have been for each index strategy based on the block maturity date shown and theindexed strategy assumptions listed below.

S&P 500® 1 Year Point to Point

Simple Strategy - Blocks Mature Annually

Guaranteed Minimum Interest Rate: 0%

Current Index Cap: 12%

Current Participation Rate: 100%

2 Year Global

Diversification – Blocks Mature Every Two Years


Current Index Cap: Unlimited


5 Year Global

Diversification – Blocks Mature Every Five Years


Current Index Cap: Unlimited





Long term strategy results – 20 Year Historical ReturnsThe following graphs show the hypothetical annualized returns over 20 years periods ending in the month and year shown assumingsequential hypothetical index blocks for each indexed strategy. Percentiles are used to give some idea of the variability of historicalindex returns when measured in 20 year segments within a 31 ½ year overall timeframe. For example, the line drawn at the 80thpercentile on each graph shows the point at which approximately 80% of the 20 year segment results calculated over this 31 ½ yearperiod equaled or exceeded that annualized rate over the period shown. Note that due to the significant overlap in measurementperiods used in developing 20 year returns, historical percentile returns should not be used to provide any confidence concerningthe stability or level of future index crediting rates. Nor does the percentile information reflect the higher volatility returns likelyto be experienced on individual blocks.

Historical Percentile

100th

90th

80th

70th

60th

50th

Average

Rate

6.36%

7.02%

7.23%

7.40%

7.56%

7.70%

7.69%


100th

90th

80th

70th

60th

50th

Average

Rate

7.47%

9.22%

9.69%

10.09%

10.46%

10.95%

10.99%


100th

90th

80th

70th

60th

50th

Average

Rate

6.98%

9.17%

10.08%

10.79%

11.29%

11.65%

11.59%




These rates are based on historical information and should not be used as an indication of future performance.




IMPORTANT INDEX DISCLAIMERS

EURO STOXX 50® Index – An index of blue-chip stocks that are represented by 50 stocks covering the largest sector leaders in theEURO STOXX 50® index. It does not reflect dividends payable on the underlying stocks. STOXX Limited, Zurich, Switzerland and itslicensors (the “Licensors”) have no relationship to Security Life of Denver Insurance Company (“Security Life”), other than thelicensing of the EURO STOXX 50® index and the related trademarks for use in connection with the ING Indexed Universal Life-GlobalChoice (“ING IUL-Global Choice”) insurance policy. STOXX and its Licensors do not: (1) Sponsor, endorse, sell or promote the INGIUL-Global Choice policy; (2) Recommend that any person invest in the ING IUL-Global Choice policy or any securities; (3) Have anyresponsibility or liability for or make any decisions about the timing, amount or pricing of the ING IUL-Global Choice policy; (4) Haveany responsibility or liability for the administration, management or marketing of the ING IUL-Global Choice policy; or (5) Considerthe needs of the ING IUL-Global Choice policy or the owners of the ING IUL-Global Choice policy in determining, composing orcalculating the EURO STOXX 50® index or have any obligation to do so.

STOXX and its Licensors will not have any liability in connection with the EURO STOXX 50® index. Specifically, STOXX andits Licensors do not make any warranty, express or implied and disclaim any and all warranty about: (1) The results to beobtained by the ING IUL-Global Choice policy, the owner of the ING IUL-Global Choice policy or any other person inconnection with the use of the EURO STOXX 50® index and the data included in the EURO STOXX 50® index; (2) Theaccuracy or completeness of the EURO STOXX 50® index and its data; or (3) The merchantability and the fitness for aparticular purpose or use of the EURO STOXX 50® index and its data. STOXX and its Licensors will have no liability for anyerrors, omissions or interruptions in the EURO STOXX 50® index or its data. Under no circumstances will STOXX or itsLicensors be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if STOXX or itsLicensors knows that they might occur. The licensing agreement between the Security Life and STOXX is solely for their benefitand not for the benefit of the owners of the ING IUL-Global Choice policy or any other third parties.

The Hang Seng Index (the “Index”) is published and compiled by Hang Seng Indexes Company Limited pursuant to a license from HangSeng Data Services Limited. The mark and name "Hang Seng Index” are proprietary to Hang Seng Data Services Limited. Hang SengIndexes Company Limited and Hang Seng Data Services Limited have agreed to the use of, and reference to, the Index by Security Lifeof Denver Insurance Company (“Security Life”) in connection with this indexed universal life insurance policy (the “Policy”), BUTNEITHER HANG SENG INDEXES COMPANY LIMITED NOR HANG SENG DATA SERVICES LIMITED WARRANTS ORREPRESENTS OR GUARANTEES TO ANY BROKER OR HOLDER OF THE POLICY OR ANY OTHER PERSON (i) THEACCURACY OR COMPLETENESS OF THE INDEX AND ITS COMPUTATION OR ANY INFORMATION RELATED THERETO;OR (ii) THE FITNESS OR SUITABILITY FOR ANY PURPOSE OF THE INDEX OR ANY COMPONENT OR DATA COMPRISEDIN IT; OR (iii) THE RESULTS WHICH MAY BE OBTAINED BY ANY PERSON FROM THE USE OF THE INDEX OR ANYCOMPONENT OR DATA COMPRISED IN IT FOR ANY PURPOSE, AND NO WARRANTY OR REPRESENTATION ORGUARANTEE OF ANY KIND WHATSOEVER RELATING TO THE INDEX IS GIVEN OR MAY BE IMPLIED. The process andbasis of computation and compilation of the Index and any of the related formula or formulae, constituent stocks and factors may at anytime be changed or altered by Hang Seng Indexes Company Limited without notice. TO THE EXTENT PERMITTED BYAPPLICABLE LAW, NO RESPONSIBILITY OR LIABILITY IS ACCEPTED BY HANG SENG INDEXES COMPANY LIMITEDOR HANG SENG DATA SERVICES LIMITED (i) IN RESPECT OF THE USE OF AND/OR REFERENCE TO THE INDEX BYSECURITY LIFE IN CONNECTION WITH THE POLICY; OR (ii) FOR ANY INACCURACIES, OMISSIONS, MISTAKES ORERRORS OF HANG SENG INDEXES COMPANY LIMITED IN THE COMPUTATION OF THE INDEX; OR (iii) FOR ANYINACCURACIES, OMISSIONS, MISTAKES, ERRORS OR INCOMPLETENESS OF ANY INFORMATION USED INCONNECTION WITH THE COMPUTATION OF THE INDEX WHICH IS SUPPLIED BY ANY OTHER PERSON; OR (iv) FORANY ECONOMIC OR OTHER LOSS WHICH MAY BE DIRECTLY OR INDIRECTLY SUSTAINED BY ANY BROKER ORHOLDER OF THE POLICY OR ANY OTHER PERSON DEALING WITH THE POLICY AS A RESULT OF ANY OF THEAFORESAID, AND NO CLAIMS, ACTIONS OR LEGAL PROCEEDINGS MAY BE BROUGHT AGAINST HANG SENGINDEXES COMPANY LIMITED AND/OR HANG SENG DATA SERVICES LIMITED IN CONNECTION WITH THE POLICY INANY MANNERWHATSOEVER BY ANY BROKER, HOLDER OR OTHER PERSON DEALING WITH THE POLICY. Any broker,holder or other person dealing with the Policy does so therefore in full knowledge of this disclaimer and can place no reliancewhatsoever on Hang Seng Indexes Company Limited and Hang Seng Data Services Limited. For the avoidance of doubt, this disclaimerdoes not create any contractual or quasi-contractual relationship between any broker, holder or other person and Hang Seng IndexesCompany Limited and/or Hang Seng Data Services Limited and must not be construed to have created such relationship.




The S&P 500® Index is an Index of the stock performance of 500 publicly traded companies that does not reflect the dividends payableon the underlying stocks. “Standard & Poor’s®,” “S&P®,” “S&P 500®,” are registered trademarks of Standard & Poor's FinancialServices LLC and have been licensed for use by Security Life of Denver Insurance Company. The Policy is not sponsored, endorsed,sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in thePolicy.




NUMERIC SUMMARY

Prepared for:

Valued Client Female 45 Super Preferred No TobaccoState of Issue: MinnesotaAssumed Policy Date: 04/12/2013

Initial Stated Death Benefit: $173,000Initial Death Benefit Option: 2 (Increasing)Premium Mode: AnnualInitial Annual Premium: $6,000.00Premium Election:

Allocation Hypothetical IndexStrategy Type Percentage Credit/Interest RateS&P 500® 1 Year Point to Point Indexed Strategy 25% 6.53%2 Year Global Indexed Strategy 75% 8.25%

Policy Loan Type: Select Loans

Rider Benefits Included:

Accelerated Benefit RiderOverloan Lapse Protection Rider

This summary is based on the premium outlay in the life insurance policy illustration. The Net Surrender Value and Net Death Benefit are shown as ofthe end of the year. This illustration assumes that the illustrated non-guaranteed elements will continue unchanged for all years shown. This is notlikely to occur, and actual results will be more or less favorable than those shown.

GUARANTEED0% Index Strategy Interest Rate,

No Index Credit, Maximum Charges

NON-GUARANTEEDMIDPOINT

Interest and chargeshalfway betweenguaranteed andnon-guaranteed

NON-GUARANTEEDILLUSTRATEDHypothetical Rate

Rate Information Listed Above,Current Charges

Year 5, Age 50Net Surrender Value: 16,812 20,955 25,695Net Death Benefit: 191,916 195,464 200,203




Projected Age whenNet Death Benefit Ends: 71 74 Does not end

You may adjust your payment amounts, within limits, to extend or increase the cash value and death benefit.

By signing this form, you agree that you have read, understand, and agree to the following statements:(1) I have received a copy of this illustration and understand that any non-guaranteed elements illustrated are subject to change

and could be either higher or lower. The agent has informed me they are not guaranteed. Policy performancemay be lower than projected if the amount credited to the account value in the Fixed Strategy and/or IndexedStrategy is less than projected. The policy could lapse without additional premium or loan interest payments.

(2) I have reviewed the Alternate Hypothetical Index Credit Rate Assumptions page which shows the effect of changingthe hypothetical annualized index credit rate assumptions for the Indexed Strategy.




(3) Regarding policy loan selection on the ING Indexed Universal Life-Global Choice policy:a. The ING Indexed Universal Life-Global Choice policy offers two types of loans (as described above in the

Explanation of Policy Illustration, Policy Loan section) and I am solely responsible for the selection of the loan type.b. To compare the hypothetical, non-guaranteed effect on the policy of the two types of policy loans, I am advised to request

alternate illustrations, including but not limited to an illustration of any Select Loans where the annualized index creditsearned and/or the credited interest rates are less than the 6.00% interest rate charged on Select Loans.

c. The interest rate charged on the loan amount for Select Loans is fixed at 6.00% per year, regardless of the index creditsearned and/or the credited interest rates. Select Loans have the risk that the amount credited to the account value will beless than the annual interest charged on the policy loan. As a result, the policy performance may be lower than projected.Without additional premium or loan interest payments, the policy could lapse.

d. I understand that if I choose Traditional Loans at any time, Select Loans will no longer be available on the policy.e. Any policy loans (and withdrawals) may reduce or eliminate index credits, generate an income tax liability, reduce

available surrender value and reduce the death benefit, or cause the policy to lapse. Additionally, loans may limit my ability to make elections into the Indexed Strategy. If a loan results in amounts being deducted from a blockprior to its block maturity date, no elections from the Fixed Strategy to the Indexed Strategy will be processedin the 18 months following the loan.

f. I release and agree to hold the Company harmless from and against any claims, losses, liabilities, damages,and expenses directly or indirectly related to the suitability or any tax and legal consequences of my policy loanselection.

Signature of Applicant (or Policyowner, if other than insured) Date

I certify that this illustration has been presented to the applicant and that I have explained that any non-guaranteed values and benefitsillustrated are subject to change. I have made no statements that are inconsistent with the illustration.

Unassigned Agent DateSecurity Life of Denver Insurance Company8055 East Tufts Avenue, Suite 650Denver, CO 80237




POLICY ILLUSTRATIONTabular Detail

Prepared for:

Valued Client Female 45 Super Preferred No TobaccoState of Issue: MinnesotaAssumed Policy Date: 04/12/2013

Initial Stated Death Benefit: $173,000Initial Death Benefit Option: 2 (Increasing)Premium Mode: AnnualInitial Annual Premium: $6,000.00Premium Election:

Allocation Alternate Index Hypothetical IndexStrategy Type Percentage Credit/Interest Rate Credit/Interest RateS&P 500® 1 Year Point to Point Indexed Strategy25% 4.53% 6.53%2 Year Global Indexed Strategy 75% 6.00% 8.25%

Policy Loan Type: Select Loans

Rider Benefits Included:

Accelerated Benefit RiderOverloan Lapse Protection Rider

Premiums are paid at the beginning of the year. The Account Value, Net Surrender Value and Net Death Benefit are shown as of the end of each policy year.

GUARANTEED ALTERNATE RATE ILLUSTRATED NON-GUARANTEED ILLUSTRATED

0% Index Strategy Interest Rate, Hypothetical Rate Hypothetical Rate

No Index Credit, Maximum Charges Information Listed Above, Information Listed Above**,

Current Charges Current Charges

End Net Net Net Net Net Netof Yr Premium Account Surrender Death Account Surrender Death Account Surrender Death

Yr Age Outlay Value Value Benefit Value Value Benefit Value Value Benefit

1 46 6,000.00 3,737 2,118 176,781 4,398 2,779 177,398 4,422 2,803 177,4222 47 6,000.00 7,444 5,824 180,569 9,463 7,844 182,463 9,698 8,079 182,6983 48 6,000.00 11,112 9,493 184,356 14,567 12,948 187,567 15,062 13,443 188,0624 49 6,000.00 14,741 13,170 188,141 20,076 18,505 193,076 21,042 19,472 194,0425 50 6,000.00 18,321 16,812 191,916 25,692 24,183 198,692 27,203 25,695 200,203

30,000.00










6 51 6,000.00 21,849 20,417 195,676 31,759 30,326 204,759 34,071 32,638 207,0717 52 6,000.00 25,321 23,989 199,416 38,657 37,325 211,657 41,872 40,540 214,8728 53 6,000.00 28,727 27,834 203,128 46,080 45,187 219,080 50,526 49,634 223,5269 54 6,000.00 32,062 31,616 206,806 53,732 53,286 226,732 59,549 59,103 232,549

10 55 6,000.00 35,323 35,323 210,446 62,002 62,002 235,002 69,598 69,598 242,598 60,000.00

11 56 6,000.00 38,503 38,503 214,041 70,539 70,539 243,539 80,088 80,088 253,08812 57 6,000.00 41,591 41,591 217,580 79,763 79,763 252,763 91,769 91,769 264,76913 58 6,000.00 44,583 44,583 221,057 89,286 89,286 262,286 103,966 103,966 276,96614 59 6,000.00 47,469 47,469 224,463 99,578 99,578 272,578 117,548 117,548 290,54815 60 6,000.00 50,254 50,254 227,801 110,193 110,193 283,193 131,722 131,722 304,722

90,000.00

16 61 6,000.00 52,931 52,931 231,064 121,664 121,664 294,664 147,506 147,506 320,50617 62 6,000.00 55,493 55,493 234,244 133,511 133,511 306,511 163,994 163,994 336,99418 63 6,000.00 57,933 57,933 237,333 146,300 146,300 319,300 182,342 182,342 355,34219 64 6,000.00 60,243 60,243 240,322 159,509 159,509 332,509 201,511 201,511 374,51120 65 6,000.00 62,411 62,411 243,199 173,769 173,769 346,769 222,845 222,845 395,845

120,000.00

21 66 6,000.00 65,104 65,104 246,632 188,454 188,454 361,454 245,089 245,089 418,08922 67 6,000.00 67,629 67,629 249,931 204,258 204,258 377,258 269,802 269,802 442,80223 68 6,000.00 69,970 69,970 253,077 220,524 220,524 393,524 295,560 295,560 468,56024 69 6,000.00 72,107 72,107 256,050 238,009 238,009 411,009 324,163 324,163 497,16325 70 6,000.00 74,021 74,021 258,829 255,962 255,962 428,962 353,936 353,936 526,936

150,000.00










26 71 -36,701.64 70,585 32,691 218,339 269,572 231,678 404,678 381,291 343,397 516,397* 27 72 -36,701.64 0 0 0 283,113 205,051 378,051 409,181 331,118 504,118

28 73 -36,701.64 0 0 0 298,058 177,417 350,417 440,782 320,141 493,14129 74 -36,701.64 0 0 0 312,892 147,118 320,118 472,972 307,199 480,19930 75 -36,701.64 0 0 0 329,250 115,636 288,636 509,445 295,831 468,831

-33,508.20

31 76 -36,701.64 0 0 0 345,447 81,121 254,121 546,567 282,241 455,24132 77 -36,701.64 0 0 0 363,296 45,216 218,216 588,632 270,553 443,553

* 33 78 -36,701.64 0 0 0 0 0 0 631,409 256,350 429,35034 79 -36,701.64 0 0 0 0 0 0 679,956 244,499 417,49935 80 -36,701.64 0 0 0 0 0 0 729,296 229,817 402,817

-217,016.40

36 81 -36,701.64 0 0 0 0 0 0 785,227 217,885 390,88537 82 -36,701.64 0 0 0 0 0 0 842,181 202,904 375,90438 83 -36,701.64 0 0 0 0 0 0 906,761 191,233 364,23339 84 -36,701.64 0 0 0 0 0 0 972,321 175,967 348,96740 85 -36,701.64 0 0 0 0 0 0 1,046,817 164,787 337,787

-400,524.60

41 86 -36,701.64 0 0 0 0 0 0 1,122,513 149,666 322,66642 87 -36,701.64 0 0 0 0 0 0 1,208,522 139,411 312,41143 88 -36,701.64 0 0 0 0 0 0 1,295,798 124,646 297,64644 89 -36,701.64 0 0 0 0 0 0 1,394,887 115,571 288,57145 90 -36,701.64 0 0 0 0 0 0 1,495,393 101,424 274,424

-584,032.80










46 91 0.00 0 0 0 0 0 0 1,609,809 132,202 305,20247 92 0.00 0 0 0 0 0 0 1,725,890 159,626 332,62648 93 0.00 0 0 0 0 0 0 1,858,614 198,374 371,37449 94 0.00 0 0 0 0 0 0 1,994,099 234,245 407,24550 95 0.00 0 0 0 0 0 0 2,148,963 283,517 456,517

-584,032.80

51 96 0.00 0 0 0 0 0 0 2,307,100 329,728 502,72852 97 0.00 0 0 0 0 0 0 2,487,827 391,812 564,81253 98 0.00 0 0 0 0 0 0 2,672,425 450,649 623,64954 99 0.00 0 0 0 0 0 0 2,883,369 528,287 701,28755 100 0.00 0 0 0 0 0 0 3,098,878 602,491 775,491

-584,032.80

56 101 0.00 0 0 0 0 0 0 3,345,130 698,960 871,96057 102 0.00 0 0 0 0 0 0 3,596,753 791,812 964,81258 103 0.00 0 0 0 0 0 0 3,884,264 911,027 1,084,02759 104 0.00 0 0 0 0 0 0 4,178,084 1,026,453 1,199,45360 105 0.00 0 0 0 0 0 0 4,513,811 1,173,082 1,346,082

-584,032.80

61 106 0.00 0 0 0 0 0 0 4,856,939 1,315,767 1,488,76762 107 0.00 0 0 0 0 0 0 5,249,021 1,495,378 1,668,37863 108 0.00 0 0 0 0 0 0 5,649,772 1,670,910 1,843,91064 109 0.00 0 0 0 0 0 0 6,107,721 1,890,128 2,063,12865 110 0.00 0 0 0 0 0 0 6,575,818 2,105,169 2,278,169

-584,032.80










66 111 0.00 0 0 0 0 0 0 7,110,764 2,371,876 2,544,87667 112 0.00 0 0 0 0 0 0 7,657,575 2,634,354 2,807,35468 113 0.00 0 0 0 0 0 0 8,282,532 2,957,917 3,130,91769 114 0.00 0 0 0 0 0 0 8,921,354 3,277,263 3,450,26370 115 0.00 0 0 0 0 0 0 9,651,544 3,668,807 3,841,807

-584,032.80

71 116 0.00 0 0 0 0 0 0 10,397,928 4,056,227 4,229,22772 117 0.00 0 0 0 0 0 0 11,251,156 4,528,953 4,701,95373 118 0.00 0 0 0 0 0 0 12,123,289 4,997,754 5,170,75474 119 0.00 0 0 0 0 0 0 13,120,385 5,567,318 5,740,31875 120 0.00 0 0 0 0 0 0 14,139,541 6,133,290 6,306,290

-584,032.80

76 121 0.00 0 0 0 0 0 0 15,304,872 6,818,246 6,991,24677 122 0.00 0 0 0 0 0 0 16,312,293 7,655,934 7,655,93478 123 0.00 0 0 0 0 0 0 17,096,118 8,266,632 8,266,63279 124 0.00 0 0 0 0 0 0 17,949,132 8,943,056 8,943,05680 125 0.00 0 0 0 0 0 0 18,843,030 9,656,833 9,656,833

-584,032.80

** Any index credit is applied to the account value only at maturity of a two year block. The hypothetical index credit rates have been annualized for calculationpurposes.

* Year 27, Month 9Based on the maximum guaranteed costs, the assumed premium election, and the guaranteed minimum interest credit rate of 0.00% credited to the Indexed Strategy,and no index credit, the policy would lapse and cannot be illustrated beyond the year shown. Additional premiums would be required to continue the coverage.




* Year 33, Month 10Based on current costs, the assumed premium election, 4.53% hypothetical rate on the S&P 500® 1 Year Point to Point Indexed Strategy, and a 6.00% hypotheticalrate on the 2 Year Global Indexed Strategy, the policy would lapse and cannot be illustrated beyond the year shown. Additional premiums would be required tocontinue the coverage.

Due to the multiple index credit rate compare assumptions used in this illustration, the split between loans and withdrawals may be different across scenarios. Pleasererun the basic policy illustration at the requested rate and view the Annual Premium Outlay page for details.

THIS ILLUSTRATION IS NOT A POLICY CONTRACT.




ANNUAL PREMIUM OUTLAY PAGE

This page illustrates the cash flow of premium payments, Select Loans, and partial withdrawals, which result in the PremiumOutlay shown on the Policy Illustration. Loans and partial withdrawals are assumed to be taken at the beginning of each policymonth.

End Annual Annual Loans Policyof Yr Annual - Partial - Policy - to Pay + Loan = Premium Cumulative

Yr Age Premium Withdrawal Loan Interest Interest Outlay Loans

1 46 6,000 0 0 0 0 6,000 02 47 6,000 0 0 0 0 6,000 03 48 6,000 0 0 0 0 6,000 04 49 6,000 0 0 0 0 6,000 05 50 6,000 0 0 0 0 6,000 0

6 51 6,000 0 0 0 0 6,000 07 52 6,000 0 0 0 0 6,000 08 53 6,000 0 0 0 0 6,000 09 54 6,000 0 0 0 0 6,000 0

10 55 6,000 0 0 0 0 6,000 0

11 56 6,000 0 0 0 0 6,000 012 57 6,000 0 0 0 0 6,000 013 58 6,000 0 0 0 0 6,000 014 59 6,000 0 0 0 0 6,000 015 60 6,000 0 0 0 0 6,000 0

16 61 6,000 0 0 0 0 6,000 017 62 6,000 0 0 0 0 6,000 018 63 6,000 0 0 0 0 6,000 019 64 6,000 0 0 0 0 6,000 020 65 6,000 0 0 0 0 6,000 0

21 66 6,000 0 0 0 0 6,000 022 67 6,000 0 0 0 0 6,000 023 68 6,000 0 0 0 0 6,000 024 69 6,000 0 0 0 0 6,000 025 70 6,000 0 0 0 0 6,000 0

26 71 0 0 36,702 0 0 -36,702 36,70227 72 0 0 36,702 1,193 1,193 -36,702 74,59628 73 0 0 36,702 3,466 3,466 -36,702 114,76429 74 0 0 36,702 5,877 5,877 -36,702 157,34230 75 0 0 36,702 8,431 8,431 -36,702 202,475

31 76 0 0 36,702 11,139 11,139 -36,702 250,31632 77 0 0 36,702 14,010 14,010 -36,702 301,02733 78 0 0 36,702 17,052 17,052 -36,702 354,78134 79 0 0 36,702 20,278 20,278 -36,702 411,76135 80 0 0 36,702 23,696 23,696 -36,702 472,159






36 81 0 0 36,702 27,320 27,320 -36,702 536,18137 82 0 0 36,702 31,162 31,162 -36,702 604,04438 83 0 0 36,702 35,233 35,233 -36,702 675,97939 84 0 0 36,702 39,549 39,549 -36,702 752,23040 85 0 0 36,702 44,124 44,124 -36,702 833,056

41 86 0 0 36,702 48,974 48,974 -36,702 918,73242 87 0 0 36,702 54,115 54,115 -36,702 1,009,54843 88 0 0 36,702 59,564 59,564 -36,702 1,105,81344 89 0 0 36,702 65,339 65,339 -36,702 1,207,85445 90 0 0 36,702 71,462 71,462 -36,702 1,316,018

46 91 0 0 0 77,952 77,952 0 1,393,96947 92 0 0 0 83,638 83,638 0 1,477,60848 93 0 0 0 88,656 88,656 0 1,566,26449 94 0 0 0 93,976 93,976 0 1,660,24050 95 0 0 0 99,614 99,614 0 1,759,854

51 96 0 0 0 105,591 105,591 0 1,865,44652 97 0 0 0 111,927 111,927 0 1,977,37253 98 0 0 0 118,642 118,642 0 2,096,01554 99 0 0 0 125,761 125,761 0 2,221,77655 100 0 0 0 133,307 133,307 0 2,355,082

56 101 0 0 0 141,305 141,305 0 2,496,38757 102 0 0 0 149,783 149,783 0 2,646,17058 103 0 0 0 158,770 158,770 0 2,804,94159 104 0 0 0 168,296 168,296 0 2,973,23760 105 0 0 0 178,394 178,394 0 3,151,631

61 106 0 0 0 189,098 189,098 0 3,340,72962 107 0 0 0 200,444 200,444 0 3,541,17363 108 0 0 0 212,470 212,470 0 3,753,64364 109 0 0 0 225,219 225,219 0 3,978,86265 110 0 0 0 238,732 238,732 0 4,217,593

66 111 0 0 0 253,056 253,056 0 4,470,64967 112 0 0 0 268,239 268,239 0 4,738,88868 113 0 0 0 284,333 284,333 0 5,023,22169 114 0 0 0 301,393 301,393 0 5,324,61470 115 0 0 0 319,477 319,477 0 5,644,091

71 116 0 0 0 338,646 338,646 0 5,982,73772 117 0 0 0 358,964 358,964 0 6,341,70173 118 0 0 0 380,502 380,502 0 6,722,20374 119 0 0 0 403,332 403,332 0 7,125,53575 120 0 0 0 427,532 427,532 0 7,553,067






76 121 0 0 0 453,184 453,184 0 8,006,25177 122 0 0 0 480,375 480,375 0 8,486,62678 123 0 0 0 169,733 169,733 0 8,656,35979 124 0 0 0 173,127 173,127 0 8,829,48680 125 0 0 0 176,590 176,590 0 9,006,076

The illustration assumes that the requested partial withdrawals/loans are distributed in 12 equal monthly payments, beginning on thepolicy anniversary of the year in which distributions begin.

PARTIAL WITHDRAWALS. A service fee of $10 is deducted from the policy account value whenever a partial withdrawal is madefrom the policy. A surrender charge is deducted from the policy account value if the partial withdrawal causes a reduction in the stateddeath benefit. Partial withdrawals do not automatically occur and must be requested by the policyowner.

POLICY LOANS. Detailed information about the two types of policy loans is located in the Explanation of Policy Illustration at thebeginning of this illustration.

Policy loans/partial withdrawals may have tax implications and may cause the policy to lapse. Policy loans will reduce the policy’sdeath benefit and available net surrender value. In addition they may reduce or eliminate index credits and may limit your ability tomake elections to the Indexed Strategy.

Refer to previous pages showing illustration values.




VALUABLE INFORMATION ABOUT YOUR ILLUSTRATION

Thank you for considering Security Life of Denver Insurance Company (the "Company") for your life insurance needs. We offervarious life insurance products that have different features, benefits and costs. We are confident that, working with your professionalinsurance agent, you will find that one of our products is right for you. Your agent may work with many life insurance companies, andwe are pleased that your agent is presenting one of our products to you.

If you decide to purchase a policy from us, we'd like you to understand how we will pay the selling agent. Agents earn salescompensation for each Company policy sold. The compensation is generally a percentage of the policy premiums you pay. Thepercentage may be higher for agents that sell a larger number of Company policies. Agents may receive additional compensation foreach year a policy remains in force or for achieving certain sales volume levels. The actual percentage and amount of compensation paidwill vary based on the specific circumstances of your purchase.

Agents may also receive additional non-cash compensation from us as a reward for things like achieving sales contest objectives or othermeasures. We also may pay for agent education, training or attendance at conventions, and may provide financing or other payments orbenefits. In addition, some agents may be associated with independent marketing organizations ("IMOs") that have agreements with us.IMOs provide administrative services to independent agents and marketing support for our policies. The Company may make paymentsto IMOs that may be based on the amount of premium written with the Company by agents associated with the IMO.

This is a general discussion of the compensation we pay for the sale of our policies. We pay compensation and other sales expensesfrom our general assets and revenues, including amounts we earn from fees and charges under our policies. The price of an insurancepolicy is set by the Company and reflects the compensation we pay for the sale of the policies. It also covers costs we incur for thedesign, manufacture and service of our policies, for policy benefits and features including guarantees, and for the investmentmanagement needed to support the policies' values. We are committed to providing top-quality insurance products to our customers andare pleased that your professional insurance agent trusts us to deliver on your long-term insurance needs.

This illustration does not recognize the effect of inflation. As a result of inflation, the illustrated values have more purchasing powertoday than in the future.

The values illustrated comply with our interpretation of the Internal Revenue Code definition of life insurance.

All guarantees are based upon the financial strength and claims-paying ability of Security Life of Denver Insurance Company, who issolely responsible for all obligations under its policies.

If you are considering making changes in the status of your policy, you should consult with a licensed insurance or financial advisor.

PREMIUM OUTLAY. Premium outlay is the amount of premium assumed to be paid out-of-pocket by the policyowner or otherpremium payer. The amounts shown in this column are net of any cash taken from the policy by loan or partial withdrawal. Results willvary depending on when premiums are paid. Even if the premium outlay is zero, monthly deductions are still required to be taken fromthe account value. Depending on actual results, the premium payer may need to continue or resume premium payments. In addition tothe timing and amount of premiums, results will also vary based on the amount and timing of elections to the Indexed Strategy. NoElections are allowed during the Right to Examine Period. The values in this illustration assume elections to the Indexed Strategy occurimmediately upon premium payment. Once the policy is issued there is a delay in the initial election due to the Right to Examine Period,as well as available Election Dates. Results will vary depending on when Elections occur. Details on election restrictions are containedin your policy.

Premium payments in excess of the scheduled premiums may be made; the excess premium may be subject to additional underwritingunder the Company's underwriting rules in effect at that time. The amount and number of such excess premium payments may belimited by the Company.




DEATH BENEFIT QUALIFICATION TEST. This illustration uses the Guideline Premium Test to qualify the proposed policy as lifeinsurance under Section 7702 of the Internal Revenue Code. Under the Guideline Premium Test, the premiums paid into the policy mustnever exceed the guideline premium limit. Additionally, a minimum corridor of death benefit in relation to cash value must bemaintained.

MINIMUM MONTHLY PREMIUM. A minimum monthly premium of $134.67 must be paid during each of the first 9 policy years andthe policy account value less any policy loans must be positive to qualify for the special continuation period. The special continuationperiod guarantees that your policy will not lapse as long as these two conditions are met. Following this period, premium paymentshigher than this minimum premium may be required to keep the policy in force. Paying only the minimum premium does not guaranteecontinuation of the policy. In addition, you may be foregoing the advantage of potentially building the policy's account value.

COST COMPARISON INDICES. 5.00% interest adjusted cost indices.

Surrender Cost Index Net Payment IndexTime Period Guaranteed Current Guaranteed CurrentTen Years 17.70 31.933.71 30.50Twenty Years 20.99 29.97-1.78 25.58

CONTINUATION OF COVERAGE. If the policy does not lapse and is not surrendered, the policy ceases upon the death of the insured,which may be later than the age shown on the illustration. If the policy is in force when the insured reaches attained age 121, thecontinuation of coverage feature is automatically effective where permitted by state law. All riders terminate and adjustable terminsurance rider coverage is converted to base coverage. Only death benefit option 1 is available after attained age 121. No additionalpremium will be accepted. Policy loans and partial withdrawals are available, but may cause the policy to lapse. If your policy has anoutstanding loan and you have chosen Select Loans, the loan amount will be converted to Traditional Loans regardless of loan selection.Traditional Loans will continue to be available and any existing Traditional Loans will continue. Increases in the death benefit are notpermitted.

TAXATION. Tax laws are complex and change frequently. Changes in premium payments from those illustrated or other changesmade to the illustrated policy after issue may result in classification as a Modified Endowment Contract (MEC). Distributions from aModified Endowment Contract, including loans, are taxable as income in the year received to the extent that the account value of thepolicy prior to the distribution exceeds the total premiums paid. In addition, if classified as a MEC, distributions may be subject to anadditional 10% income tax penalty. The ING Life Companies and their agents and representatives do not give tax or legal advice. Forcomplete information on how distributions from this policy may affect your personal tax situation, always consult your professional taxadvisor.

ISSUER. ING Indexed Universal Life-Global Choice is a product of Security Life of Denver Insurance Company located at 8055 EastTufts Avenue, Suite 650, Denver, CO 80237. Security Life of Denver Insurance Company is a member of the ING family of companies.Your agent/representative is Unassigned Agent, at Security Life of Denver Insurance Company, 8055 East Tufts Avenue, Suite 650,Denver, CO 80237. This product and some features of this product may vary by state or may not be available in all states. Policy FormSeries #1186-09/12 (may vary by state).

FORM NUMBERS. Listed below are the standard form numbers for the Rider Benefits illustrated. Actual form numbers may vary bystate.

Accelerated Benefit Rider: R2030-03/08Overloan Lapse Protection Rider: R2028-05/07

INITIAL PREMIUM LIMITS SUMMARY. The Guideline Premium Test is used in this illustration.Minimum First Year Annual Premium: $1,616.04Guideline Level Premium: $6,028.79Guideline Single Premium: $37,113.22MEC 7-Pay Premium: $7,362.30




ACCELERATED BENEFIT RIDER DISCLOSURE

This summary provides a brief description of some of the key features of the Accelerated Benefit Rider attached to your policy.

Receipt of the Accelerated Benefit under the Rider could be taxable. You should consult your personal tax or legal advisor to assess the impactof benefits provided by the Rider. The Rider is not intended to be a qualified long-term care insurance contract under Section 7702B(b) of theInternal Revenue Code or Sections 62A.46 to 62A.56 or Chapter 62S; nor is it intended to be a non-qualified long-term care contract. Receiptof an Accelerated Benefit under the Rider may adversely affect your eligibility for Medicaid or other government benefits or entitlements.

Please note the following about an Accelerated Benefit paid under the Rider: · We will pay the Accelerated Benefit if the insured has a terminal illness or has been diagnosed as having one of the other life threatening or

catastrophic Qualifying Conditions defined in the Rider. A terminal illness is a non-correctable illness or physical condition that will result in thedeath of the insured within 12 months or less. The other Qualifying Conditions generally require extraordinary medical intervention, continuousconfinement in an eligible institution in which the insured is expected to remain for the rest of his or her life, or extensive or extraordinarymedical treatment without which the insured’s life span would be drastically limited. A valid claim will require the receipt, during the lifetime ofthe insured, of a signed physician statement that one or more of the Qualifying Conditions exists.

· The Accelerated Benefit may not exceed the lesser of 50% of the Eligible Deat

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