Common use of ADJUSTMENT FOR MISSTATEMENT OF AGE Clause in Contracts

ADJUSTMENT FOR MISSTATEMENT OF AGE. OR SEX If the age or sex of the Annuitant or Joint Annuitant has been misstated, any benefits payable will be adjusted to the amount that the Contract Value would have purchased based on the Annuitant's or Joint Annuitant's correct age and sex. Any overpayment(s) and underpayment(s) made by Us will be charged or credited against future payments to be made under the contract. We will charge interest on any overpayments and credit interest on any underpayments at an effective annual rate of 6%. ASSIGNMENTS We will not be considered to have notice of any assignment of an interest in this contract until We receive the original or copy of the written assignment at Our annuity operations division. In no event will We be responsible for its validity. Any change will be subject to any payment made or actions taken by Us before We received the written assignment at Our annuity operations division. STATEMENT OF ACCOUNT We will send You a statement of account at least annually. The statement of account will include the Contract Value, Surrender Value, death benefit, and paid up annuity benefits. The statement will be mailed to Your last post office address known to Us.

ADJUSTMENT FOR MISSTATEMENT OF AGE. OR SEX If the age or sex of the Annuitant or Joint Annuitant has been misstated, any benefits payable will be adjusted to the amount that the Contract Value would have purchased based on the Annuitant's or Joint Annuitant's correct age and sex. Any overpayment(s) and underpayment(s) made by Us will be charged or credited against future payments to be made under the contract. We will charge interest on any overpayments and credit interest on any underpayments at an effective annual rate of 6%. ASSIGNMENTS We will not be considered to have notice of any assignment of an interest in this contract until We receive the original or copy of the written assignment at Our annuity operations division. In no event will We be responsible for its validity. Any change will be subject to any payment made or actions taken by Us before We received the written assignment at Our annuity operations division. STATEMENT OF ACCOUNT We will send You a statement of account at least annually. The statement of account will include the Contract Value, Surrender Value, death benefit, and paid paid-up annuity benefits. The statement will be mailed to Your last post office address known to Us.