Common use of ANNUITY COMMENCEMENT DATE SELECTION Clause in Contracts

ANNUITY COMMENCEMENT DATE SELECTION. The Certificate Owner may select any date as the Annuity Commencement Date following the fifth Certificate Anniversary but not later than the Certificate Processing Date next following the Annuitant’s 95th birthday. If the Certificate Owner does not select an Annuity Commencement Date, it will be the Certificate Processing Date next following the Annuitant’s 95th birthday. Frequency Selection Annuity Payments will be made monthly unless the Certificate Owner directs us otherwise in writing. However, payments other than monthly, quarterly, semi-annually or annually require our consent. Each Annuity Payment must equal at least $20.00. If the option and frequency elected does not meet this minimum requirement, we have the right to make payments less frequently as necessary to do so. When the total value remaining under the Contract equals $2,000.00 or less, the next Annuity Payment will consist of the remaining value and will be disbursed as a lump sum. We have the right to increase these minimums based upon increases reflected in the Consumer Price Index for All Urban Consumers (CPI-U) since January 1, 2005. The Annuity Option We will make the Annuity Payments under one or more of the Annuity Option(s). The Certificate Owner may elect or change an Annuity Option by making a written request at least thirty days prior to the Annuity Commencement Date. If no Annuity Option has been elected by the Annuity Commencement Date, Annuity Payments will be made under Option 2 on a 10-year fixed period basis, or less if required by government regulations. On or before the Annuity Commencement Date, the Certificate Owner may choose one or more Annuity Options for the payment of the Death Benefit. If, at the time of the Certificate Owner’s death, no Annuity Option has been chosen for paying the Death Benefit, the Beneficiary may choose an Annuity Option within one year. In such case, the Beneficiary is deemed the Annuitant for purposes of the Annuity Option. After the first Certificate Anniversary, the Certificate Owner may also elect an Annuity Option on full surrender of the IU-MA-3040 21

ANNUITY COMMENCEMENT DATE SELECTION. The Certificate Owner may select any date as the Annuity Commencement Date following the fifth Certificate Anniversary but not later than the Certificate Processing Date next following the Annuitant’s 95th birthday. If the Certificate Owner does not select an Annuity Commencement Date, it will be the Certificate Processing Date next following the Annuitant’s 95th birthday. Frequency Selection Annuity Payments will be made monthly unless the Certificate Owner directs us otherwise in writing. However, payments other than monthly, quarterly, semi-annually or annually require our consent. Each Annuity Payment must equal at least $20.00. If the option and frequency elected does not meet this minimum requirement, we have the right to make payments less frequently as necessary to do so. When the total value remaining under the Contract equals $2,000.00 or less, the next Annuity Payment will consist of the remaining value and will be disbursed as a lump sum. We have the right to increase these minimums based upon increases reflected in the Consumer Price Index for All Urban Consumers (CPI-U) since January 1, 2005. The Annuity Option We will make the Annuity Payments under one or more of the Annuity Option(s). The Certificate Owner may elect or change an Annuity Option by making a written request at least thirty days prior to the Annuity Commencement Date. If no Annuity Option has been elected by the Annuity Commencement Date, Annuity Payments will be made under Option 2 on a 10-year fixed period basis, or less if required by government regulations. On or before the Annuity Commencement Date, the Certificate Owner may choose one or more Annuity Options for the payment of the Death Benefit. If, at the time of the Certificate Owner’s death, no Annuity Option has been chosen for paying the Death Benefit, the Beneficiary may choose an Annuity Option within one year. In such case, the Beneficiary is deemed the Annuitant for purposes of the Annuity Option. After the first Certificate Anniversary, the Certificate Owner may also elect an Annuity Option on full surrender of the IU-MA-3040 21Certificate. For each Annuity Option elected, we will issue a separate written agreement putting the Annuity Option into effect. Our approval is needed for any Annuity Option where:

ANNUITY COMMENCEMENT DATE SELECTION. The Certificate Owner You select the Annuity Commencement Date. You may select any date as following the first Contract Anniversary but before the Required Annuity Commencement Date stated below. On the Annuity Commencement Date, the age of the Annuitant plus the number of years payments are guaranteed must not exceed 100. If you do not select a date, the Annuity Commencement Date will be in the month following the fifth Certificate Anniversary but not later than Required Annuity Commencement Date. If, on the Certificate Processing Date next following the Annuitant’s 95th birthday. If the Certificate Owner does not select an Annuity Commencement Date, it will a Surrender Charge remains and you elect Income Option 1, the Period Certain must be of at least 10 years duration. Required Annuity Commencement Date The Annuity Commencement Date may be no later than the Certificate same date as the Contract Processing Date next in the month following the later of the Annuitant’s 95th birthday's 90th birthday or 10 years after the last Premium Payment. Frequency Selection Annuity FREQUENCY SELECTION Income Payments will be made monthly unless the Certificate Owner directs us you direct otherwise in writing. However, payments other than monthly, quarterly, semi-annually or annually require our consent. Each Annuity Income Payment must equal at least $20.00. If 50.00 and the option and frequency elected does not meet this minimum requirement, we have the right to make payments less frequently as necessary to do so. When the total value remaining under the Contract equals sum of all Income Payments in any one year must equal at least $2,000.00 or less, the next Annuity Payment will consist of the remaining value and will be disbursed as a lump sum250.00. We have the right to increase these minimums based upon increases reflected in the Consumer Price Index for All - Urban Consumers (CPI-U) since January 1, 2005. The Annuity Option We will If the option and frequency elected do not meet these minimum requirements, we have the right to make the Annuity Payments under one or more of the Annuity Option(s)payments less frequently as necessary to do so. The Certificate Owner may elect or change an Annuity Option by making a written request at least thirty days prior to the Annuity Commencement Date. If no Annuity Option has been elected by the Annuity Commencement Date, Annuity Payments will be made under Option 2 on a 10-year fixed period basis, or less if required by government regulations. On or THE INCOME PLAN While this Contract is in effect and before the Annuity Commencement Date, the Certificate Owner you may choose one or more Annuity Income Options for the payment of the Death Benefit. If, at the time of the Certificate Owner’s your death, no Annuity Option has been chosen for paying the Death Benefit, the Beneficiary may choose an Annuity Option within one year. In such case, the Beneficiary is deemed the Annuitant for purposes of the Annuity Option. After the first Certificate Anniversary, the Certificate Owner You may also elect an Annuity Income Option on full surrender of the IU-MA-3040 21Contract. For each Option elected, we will issue a separate written agreement putting the Option into effect.

ANNUITY COMMENCEMENT DATE SELECTION. The Certificate Owner You may select any date as the Annuity Commencement Date following the fifth Certificate Contract Anniversary but not later than the Certificate Contract Processing Date next following the Annuitant’s 95th birthday. If the Certificate Owner does you do not select an Annuity Commencement Date, it will be the Certificate Contract Processing Date next following the Annuitant’s 95th birthday. Frequency Selection Annuity Payments will be made monthly unless the Certificate Owner directs you direct us otherwise in writing. However, payments other than monthly, quarterly, semi-annually or annually require our consent. Each Annuity Payment must equal at least $20.00. If the option and frequency elected does not meet this minimum requirement, we have the right to make payments less frequently as necessary to do so. When the total value remaining under the Contract equals $2,000.00 or less, the next Annuity Payment will consist of the remaining value and will be disbursed as a lump sum. We have the right to increase these minimums based upon increases reflected in the Consumer Price Index for All Urban Consumers (CPI-U) since January 1, 2005. The Annuity Option We will make the Annuity Payments under one or more of the Annuity Option(s)) as elected by you. The Certificate Owner You may elect or change an Annuity Option by making a written request at least thirty days prior to the Annuity Commencement Date. If no Annuity Option has been elected by the Annuity Commencement Date, Annuity Payments will be made under Option 2 on a 10-year fixed period basis, or less if required by government regulations. On or before the Annuity Commencement Date, the Certificate Owner you may choose one or more Annuity Options for the payment of the Death Benefit. If, at the time of the Certificate Owner’s your death, no Annuity Option has been chosen for paying the Death Benefit, the Beneficiary may choose an Annuity Option within one year. In such case, the Beneficiary is deemed the Annuitant for purposes of the Annuity Option. After the first Certificate Contract Anniversary, the Certificate Owner you may also elect an Annuity Option on full surrender of the IU-MA-3040 21Contract. For each Annuity Option elected, we will issue a separate written agreement putting the Annuity Option into effect. Our approval is needed for any Annuity Option where: