Understanding Your Opportunities with Group Variable Universal Life

1. Understanding Your Opportunities with Group Variable Universal Life for employees atNASA

2. Ask Yourself... • How much life insurance would it take for your family to maintain their lifestyle if something happened to you? • Has your current life insurance coverage kept pace with your family's expenses, goals and life events? Life insurance coverage equal to or less than three years of total household income is considered “underinsured”. * *As defined in MetLife, Life Insurance—Post-9/11/01 Study, 2002.

3. How Much Coverage? • Replacement of all current optional term life insurance coverage • Guarantee Issue coverage rounded up to the next 1/2 multiple • Optional coverage in 1/2 multiples to 8 times your salary to a maximum of $2,000,000 * * * Upon enrollment into the plan.

4. Ask Yourself... • Would you like to supplement your 401(k) contributions? • Are you saving for the rising cost of education? • Are you planning for post-retirement medical expenses? By utilizing GVUL’s investment feature, you can access any cash value that is built up in your certificate, during your lifetime for expenses such as education, real estate opportunities, post-retirement medical programs or early retirement.

5. Tax-Advantaged Investment Opportunity • Potential tax-deferred growth • No surrender charges • Tax-free transfers between investment portfolios • No 59 1/2 early withdrawal penalties —withdrawals will reduce your cash value and death benefit. • Tax-free withdrawals up to cost basis* * In general, if the funding of your certificate exceeds certain limits, it will become a "modified endowment contract" (MEC) and become subject to "earnings first" taxation on withdrawals and loans. An additional 10% penalty for withdrawals and loans taken before age 591/2 will also generally apply. We will notify you if a contribution would cause your certificate to become a MEC.

6. Tax-Advantage of GVUL Premiums Buying Term Insurance &Investing Elsewhere Buying GVUL & Investing Within the Program Premiums For Term Life Insurance Coverage Premiums For GVUL Insurance Coverage And Separate Investment* Cost Basis = Total GVUL PremiumsPaid Extra GVUL Premiums For Investment Cost Basis = Only Amount of Money Invested In Separate Investment * Under current law, most tax payers are subject to a lower rate of tax on qualifying dividends and long-term capital gains than on ordinary income. Taxable distributions from GVUL are subject to ordinary income tax rates.

7. Tax-Advantage of GVUL Premiums - Example Age at Issue: 40End of 25 Years$500,000 Coverage Premiums Premium For GVULInsurance Coverage Paid in Total = $80,000 $50,000 (Cost Basis) Available Cash Value = $80,000 Extra GVUL Premium For Investment $30,000 (Approx. $100/Month) Cash Value Subject to Tax = $0 Withdrawals will reduce the cash value and the death benefit of your certificate. GVUL Investment Earnings $50,000 The above example is not indicative of any particular investment. These examples do not reflect any charges. Earnings within your GVUL coverage generally can be withdrawn from your certificate without income tax, as long as the cash value in your certificate is less than the total premium paid into your certificate at the time of withdrawal, less any prior withdrawals, and provided that the contract is not a modified endowment contract.

8. Tax-Advantage of GVUL Premiums - Example Age at Issue: 40End of 25 Years$500,000 Coverage Premiums Premium For GVULInsurance Coverage Paid in Total = $150,000 Available Cash Value = $250,000 $50,000 (Cost Basis) Extra GVUL Premium For Investment $150,000 of Cash Value is Not Subject to Income Tax—Withdrawals exceeding Cost Basis will be subject to ordinary income tax $100,000 (Approx. $330/Month) Withdrawals will reduce the cash value and the death benefit of your certificate. GVUL Investment Earnings $150,000 The above example is not indicative of any particular investment. These examples do not reflect any charges. Earnings within your GVUL coverage generally can be withdrawn from your certificate without income tax, as long as the cash value in your certificate is less than the total premium paid into your certificate at the time of withdrawal, less any prior withdrawals, and provided that the contract is not a modified endowment contract.

9. Tax-Advantage of GVUL Premiums - Example Age at Issue: 40End of 25 Years$500,000 Coverage $150,000 Cost Basis Premium For GVUL Insurance Coverage $150,000 Not Subject To Income Tax Extra Premium for Investment Available Cash Value$250,000 • Strategies for Remaining Cash Value Can Include: • Loan Provisions • Payment of Future Premiums Outstanding loan amounts do not participate in the investment experience of the variable investment options and can have a permanent effect on certificate values and benefits. The above example is not indicative of any particular investment. These examples do not reflect any charges. Earnings within your GVUL coverage generally can be withdrawn from your certificate without income tax, as long as the cash value in your certificate is less than the total premium paid into your certificate at the time of withdrawal, less any prior withdrawals, and provided that the contract is not a modified endowment contract. Withdrawals will reduce the cash value and the death benefit of your certificate.

10. Tax-Advantaged Investment Opportunity 17 Variable Investment Portfolios And an Interest Bearing Account currently paying 5.1% (4%guaranteed)‡ • Premium charge: 2.25% • Average asset charge: 1.52% - will vary depending oninvestments selected ‡ The current crediting rate on the interest-bearing account is subject to change. Guarantees are based on the claims-paying ability of Paragon Life.

11. Enrollment Deadline 4/1/05 • Determine Your Life Insurance Needs • Determine Your Investment Plan • Complete Enrollment at www.metlife.com/mybenefits • To ensure coverage effective May 1, 2005 Paragon Enrollment Support (800) 846-0124Monday – Friday • 8 a.m. – 5 p.m. (CT)

12. Simple Enrollment Process • Insurance Election • Investment Election • Fund Allocation • Other Elections • Health Questions • Review and Submit Paragon Enrollment Support (800) 846-0124Monday – Friday • 8 a.m. – 5 p.m. (CT)

13. Prospectus Information • Prospectuses for Paragon Group Variable Universal Life insurance must precede or accompany this material. You should carefully consider the information in the prospectuses about the contract’s features, risks, charges and expenses, and the investment objectives, risks and policies of the underlying portfolios, as well other information about the underlying funding choices. Please read the prospectuses and consider this information carefully before investing. Product availability and features may vary by state. All product guarantees are based on the financial strength and claims-paying ability of Paragon Life Insurance Company.Paragon’s Group Variable Universal Life insurance has limitations. There is no guarantee that any of the variable options in this product will meet their stated goals or objectives. The account value is subject to market fluctuations so that, when withdrawn, it may be worth more or less than its original value.Securities are underwritten and distributed through MetLife Investors Distribution Company. Paragon and MetLife Investors Distribution Company are MetLife® companies. Policy Form No. 30037.

14. Understanding your benefit opportunities with Group Variable Universal Life Paragon Life Insurance Company • 190 Carondelet Plaza, St. Louis, MO 63105-3433 • (800) 846-0124 L0411FHE4(exp1106)PAR-LD