Common use of ANNUITY COMMENCEMENT DATE Clause in Contracts

ANNUITY COMMENCEMENT DATE. On the Effective Date, the Annuity Commencement Date is the later of: (1) the oldest Owner's or Annuitant's 90th birthday, or (2) the 10th Contract Anniversary. It is shown on the Schedule. The Owner may change the Annuity Commencement Date by Written Notice. The proposed Annuity Commencement Date must be at least 30 days beyond the date the written request is received by the Company, and at least 7 years after the most recent Purchase Payment. The new Annuity Commencement Date may not be later than: (1) the oldest Owner's or Annuitant's 90th birthday, or (2) the 10th Contract Anniversary. On the Annuity Commencement Date, we will apply your Contract Value, less any applicable premium tax, to the Annuity Option you have selected to determine an annuity income payment. ANNUITY INCOME PAYMENTS - You may elect to receive a fixed income payment, a variable income payment, or a combination of both using the same Annuity Option and certain period. FIXED INCOME PAYMENTS - Fixed income payments are periodic payments from the Company to the designated Payee, the amount of which is fixed and guaranteed by the Company. It is not in any way dependent upon the investment experience of the Variable Account. Using an Assumed Investment Return of 5%, we determine the dollar amount of the variable income payment as if a payment were to be made on the Annuity Commencement Date. However, no payment is actually made on that date. We then allocate that dollar amount among the Sub-Accounts you selected to support your variable income payments. Based on the Annuity Unit values of the selected Sub-Accounts on that date, we determine the number of Annuity Units attributable to each Sub-Account. The number of Annuity Units attributable to each Sub-Account remains constant unless there is a transfer of Annuity Units between Sub-Accounts. To calculate the amount of each variable income payment, we multiply the number of Annuity Units attributable to each Sub-Account by the Annuity Unit value for that Sub-Account as of the Valuation Period on which the payment is being determined. We then total results of these calculations for each Sub-Account.

ANNUITY COMMENCEMENT DATE. On the Effective Date, the Annuity Commencement Date is the later of: (1) the oldest Owner's or Annuitant's 90th birthday, or (2) the 10th Contract Anniversary. It is shown on the ScheduleCertificate. The Owner may change the Annuity Commencement Date by Written Notice. The proposed Annuity Commencement Date must be at least 30 days beyond the date the written request is received by the Company, and at least 7 years after the most recent Purchase Payment. The new Annuity Commencement Date may not be later than: (1) the oldest Owner's or Annuitant's 90th birthday, or (2) the 10th Contract Anniversary. On the Annuity Commencement Date, we will apply your Contract Value, less any applicable premium tax, to the Annuity Option you have selected to determine an annuity income payment. ANNUITY INCOME PAYMENTS - You may elect to receive a fixed income payment, a variable income payment, or a combination of both using the same Annuity Option and certain period. FIXED INCOME PAYMENTS - Fixed income payments are periodic payments from the Company to the designated Payee, the amount of which is fixed and guaranteed by the Company. It is not in any way dependent upon the investment experience of the Variable Account. Using an Assumed Investment Return of 5%, we determine the dollar amount of the variable income payment as if a payment were to be made on the Annuity Commencement Date. However, no payment is actually made on that date. We then allocate that dollar amount among the Sub-Accounts you selected to support your variable income payments. Based on the Annuity Unit values of the selected Sub-Accounts on that date, we determine the number of Annuity Units attributable to each Sub-Account. The number of Annuity Units attributable to each Sub-Account remains constant unless there is a transfer of Annuity Units between Sub-Accounts. To calculate the amount of each variable income payment, we multiply the number of Annuity Units attributable to each Sub-Account by the Annuity Unit value for that Sub-Account as of the Valuation Period on which the payment is being determined. We then total results of these calculations for each Sub-Account.

ANNUITY COMMENCEMENT DATE. On the Effective Date, the Annuity Commencement Date is the later of: (1) the oldest earlier of any Owner's 90th birthday or the Annuitant's 90th birthday, or (2) the 10th Contract Anniversary. It is birthday as shown on the Schedule. The Owner may change the Annuity Commencement Date by Written Notice. The proposed Annuity Commencement Date must be at least 30 days beyond the date the written request is received by the Company, and at least 7 10 years after the most recent Purchase Payment. The new Annuity Commencement Date may not be later than: (1) than the earlier of the oldest Owner's 90th birthday or the Annuitant's 90th birthday, or (2) the 10th Contract Anniversary. On the Annuity Commencement Date, we will apply your Contract Value, less any applicable premium tax, to the Annuity Option you have selected to determine an annuity income payment. ANNUITY INCOME PAYMENTS - You may elect to receive a fixed income payment, a variable income payment, or a combination of both using the same Annuity Option and certain period. FIXED INCOME PAYMENTS - Fixed income payments are periodic payments from the Company to the designated Payee, the amount of which is fixed and guaranteed by the Company. It is not in any way dependent upon the investment experience of the Variable Account. Once fixed income payments have begun, they may not be surrendered. Using an Assumed Investment Return of 5%, we determine the dollar amount of the variable income payment as if a payment were to be made on the Annuity Commencement Date. However, no payment is actually made on that date. We then allocate that dollar amount among the Sub-Accounts you selected to support your variable income payments. Based on the Annuity Unit values of the selected Sub-Accounts on that date, we determine the number of Annuity Units attributable to each Sub-Account. The number of Annuity Units attributable to each Sub-Account remains constant unless there is a transfer of Annuity Units between Sub-Accounts. To calculate the amount of each variable income payment, we multiply the number of Annuity Units attributable to each Sub-Account by the Annuity Unit value for that Sub-Account as of the Valuation Period on which the payment is being determined. We then total results of these calculations for each Sub-Account.

ANNUITY COMMENCEMENT DATE. On the Effective Date, the Annuity Commencement Date is the later of: (1) the oldest Owner's or Annuitant's 90th birthday, or (2) the 10th Contract Anniversary. It is shown on the Schedule. The Owner may change the Annuity Commencement Date by Written Notice. The proposed Annuity Commencement Date must be at least 30 days beyond the date the written request is received by the Company, and at least 7 5 years after the most recent Purchase Payment. The new Annuity Commencement Date may not be later than: (1) the oldest Owner's or Annuitant's 90th birthday, or (2) the 10th Contract Anniversary. On the Annuity Commencement Date, we will apply your Contract Value, less any applicable premium tax, to the Annuity Option you have selected to determine an annuity income payment. ANNUITY INCOME PAYMENTS - You may elect to receive a fixed income payment, a variable income payment, or a combination of both using the same Annuity Option and certain period. FIXED INCOME PAYMENTS - Fixed income payments are periodic payments from the Company to the designated Payee, the amount of which is fixed and guaranteed by the Company. It is not in any way dependent upon the investment experience of the Variable Account. Using an Assumed Investment Return of 5%, we determine the dollar amount of the variable income payment as if a payment were to be made on the Annuity Commencement Date. However, no payment is actually made on that date. We then allocate that dollar amount among the Sub-Accounts you selected to support your variable income payments. Based on the Annuity Unit values of the selected Sub-Accounts on that date, we determine the number of Annuity Units attributable to each Sub-Account. The number of Annuity Units attributable to each Sub-Account remains constant unless there is a transfer of Annuity Units between Sub-Accounts. To calculate the amount of each variable income payment, we multiply the number of Annuity Units attributable to each Sub-Account by the Annuity Unit value for that Sub-Account as of the Valuation Period on which the payment is being determined. We then total results of these calculations for each Sub-Account.

ANNUITY COMMENCEMENT DATE. On the Effective Date, the Annuity Commencement Date is the later of: (1) the oldest Owner's ’s or Annuitant's 90th birthday, or (2) the 10th Contract Anniversary. It ’s 95th birthday and is shown on the Schedule. The Owner may change the Annuity Commencement Date by Written Notice. The proposed Annuity Commencement Date must be at least 30 days beyond the date the written request is received by the Company, we receive it and at least 7 years 1 year after the most recent Purchase PaymentEffective Date. The new You may not select an Annuity Commencement Date may not be later than: (1) that occurs after the oldest Owner's Owner or Annuitant's 90th birthday, or (2) the 10th Contract AnniversaryAnnuitant attains Age 95 without our consent. On the Annuity Commencement Date, we will apply your the Contract Value, less any applicable premium tax, to the Annuity Option you have selected to determine an select and establish annuity income paymentpayments. ANNUITY INCOME PAYMENTS Annuity Income Payments - You may elect to receive a fixed income paymentpayments, a variable income paymentpayments, or a combination of both using the same Annuity Option and certain period. FIXED INCOME PAYMENTS Fixed Income Payments - Fixed income payments are periodic payments from the Company to the designated Payee, the amount of which is fixed and guaranteed by the Company. It is Fixed income payments are not in any way dependent upon the investment experience of the Variable Account. Variable Income Payments - Variable income payments are periodic payments from the Company to the designated Payee, the amount of which varies from one payment to the next as a reflection of the net investment experience of the Sub-Account(s) you select to support the payments. Using an Assumed Investment Return of 5%, we determine the dollar amount value of the a variable income payment as if a payment were to be made on of the Annuity Commencement Date. However, no payment is actually made on that date. We then allocate that dollar amount among the Sub-Accounts you selected to support your variable income payments. Based on the Annuity Unit values of the selected Sub-Accounts on that date, we determine the number of Annuity Units attributable to each Sub-Account. The number of Annuity Units attributable to each Sub-Account remains constant unless there is a transfer of Annuity Units between Sub-Accounts. To calculate the amount of each variable income payment, we multiply the number of Annuity Units attributable to each Sub-Account by the Annuity Unit value for that Sub-Account as of the Valuation Period on which the payment is being determined. We then total results of these calculations for each Sub-Account.

ANNUITY COMMENCEMENT DATE. On the Effective Date, the Annuity Commencement Date is the later of: (1) the oldest Owner's or Annuitant's 90th birthday, or (2) the 10th Contract Anniversary. It is shown on the ScheduleCertificate. The Owner may change the Annuity Commencement Date by Written Notice. The proposed Annuity Commencement Date must be at least 30 days beyond the date the written request is received by the Company, and at least 7 5 years after the most recent Purchase Payment. The new Annuity Commencement Date may not be later than: (1) the oldest Owner's or Annuitant's 90th birthday, or (2) the 10th Contract Anniversary. On the Annuity Commencement Date, we will apply your Contract Value, less any applicable premium tax, to the Annuity Option you have selected to determine an annuity income payment. ANNUITY INCOME PAYMENTS - You may elect to receive a fixed income payment, a variable income payment, or a combination of both using the same Annuity Option and certain period. FIXED INCOME PAYMENTS - Fixed income payments are periodic payments from the Company to the designated Payee, the amount of which is fixed and guaranteed by the Company. It is not in any way dependent upon the investment experience of the Variable Account. Using an Assumed Investment Return of 5%, we determine the dollar amount of the variable income payment as if a payment were to be made on the Annuity Commencement Date. However, no payment is actually made on that date. We then allocate that dollar amount among the Sub-Accounts you selected to support your variable income payments. Based on the Annuity Unit values of the selected Sub-Accounts on that date, we determine the number of Annuity Units attributable to each Sub-Account. The number of Annuity Units attributable to each Sub-Account remains constant unless there is a transfer of Annuity Units between Sub-Accounts. To calculate the amount of each variable income payment, we multiply the number of Annuity Units attributable to each Sub-Account by the Annuity Unit value for that Sub-Account as of the Valuation Period on which the payment is being determined. We then total results of these calculations for each Sub-Account.