Common use of ANNUITY OPTIONS Clause in Contracts

ANNUITY OPTIONS. 11 OPTION 1 - LIFE ANNUITY....................................11 OPTION 2 - LIFE ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED........................................11 OPTION 3 - JOINT AND LAST SURVIVOR ANNUITY.................11 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED.............11 OPTION 5 - REFUND LIFE ANNUITY.............................12 ANNUITY........................................................12

ANNUITY OPTIONS. 11 12 OPTION 1 - LIFE ANNUITY....................................11 ..............................12 OPTION 2 - LIFE ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15, OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED........................................11 ..................................13 OPTION 3 - JOINT AND LAST SURVIVOR ANNUITY.................11 ...........13 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15, OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED.............11 ....................13 OPTION 5 - REFUND LIFE ANNUITY.............................12 ANNUITY........................................................12.......................13

ANNUITY OPTIONS. 11 14 OPTION 1 - LIFE ANNUITY....................................11 ..............................................14 OPTION 2 - LIFE ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15, OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED........................................11 ...........................................................14 OPTION 3 - JOINT AND LAST SURVIVOR ANNUITY.................11 ...........................14 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15, OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED.............11 ......................14 OPTION 5 - REFUND LIFE ANNUITY.............................12 ANNUITY........................................................12.......................................15

ANNUITY OPTIONS. 11 15 OPTION 1 - LIFE ANNUITY....................................11 .....................................................................................15 OPTION 2 - LIFE ANNUITY WITH 120 MONTHLY PAYMENTS OVER 10, 15, OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED........................................11 20 YEARS GUARANTEED ..........................15 OPTION 3 - JOINT AND LAST SURVIVOR ANNUITY.................11 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED.............11 OPTION 5 - REFUND LIFE ANNUITY.............................12 ANNUITY........................................................12..................................................................16 L40236 (6-00) 2

ANNUITY OPTIONS. 11 17 OPTION 1 - LIFE ANNUITY....................................11 ........................................17 OPTION 2 - LIFE ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15, OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED........................................11 ..........................17 OPTION 3 - JOINT AND LAST SURVIVOR ANNUITY.................11 .....................17 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15 OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED.............11 ......17 OPTION 5 - REFUND LIFE ANNUITY.............................12 .................................18 OPTION 6 - SPECIFIED PERIOD CERTAIN ANNUITY........................................................12....................18

ANNUITY OPTIONS. 11 OPTION 1 - LIFE ANNUITY...............................................................................................................11 OPTION 2 - LIFE ANNUITY WITH 120 60, 120, 180, OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED.......................................................................................................................11 OPTION 3 - JOINT AND LAST SURVIVOR ANNUITY.........................................................................11 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 60, 120, 180, OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED.............GUARANTEED 11 OPTION 5 - REFUND LIFE ANNUITY................................................................................................12 ANNUITY.........................................................................................................................................................12

ANNUITY OPTIONS. 11 14 OPTION 1 - LIFE 1. LIFETIME ONLY ANNUITY....................................11 :.................................... 14 OPTION 2 - LIFE 2. LIFETIME ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED........................................11 GUARANTEED PERIODS.................. 14 OPTION 3 - 3. PAYMENT FOR A FIXED PERIOD:............................... 14 OPTION 4. JOINT AND LAST SURVIVOR ANNUITY.................11 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED.............11 OPTION 5 - REFUND LIFE ................................ 14 ANNUITY.............................12 ANNUITY........................................................12................................................................. 15

ANNUITY OPTIONS. 11 14 OPTION 1 - LIFE ANNUITY....................................11 1. LIFETIME ONLY ANNUITY:..................................14 OPTION 2 - LIFE 2. LIFETIME ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED........................................11 GUARANTEED PERIODS................14 OPTION 3 - 3. PAYMENT FOR A FIXED PERIOD:.............................14 OPTION 4. JOINT AND LAST SURVIVOR ANNUITY.................11 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED.............11 OPTION 5 - REFUND LIFE ..............................14 ANNUITY.............................12 ANNUITY........................................................12.................................................................15

ANNUITY OPTIONS. 11 14 OPTION 1 - LIFE ANNUITY....................................11 1. LIFETIME ONLY ANNUITY:........................14 OPTION 2 - LIFE 2. LIFETIME ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED........................................11 GUARANTEED PERIODS......14 OPTION 3 - JOINT AND LAST SURVIVOR ANNUITY.................11 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED.............11 OPTION 5 - 3. INSTALLMENT REFUND LIFE ANNUITY.............................12 ...............14 OPTION 4. PAYMENT FOR A FIXED PERIOD:...................14 OPTION 5. JOINT AND SURVIVOR ANNUITY....................14 ANNUITY ........................................................1214

ANNUITY OPTIONS. 11 14 OPTION 1 - LIFE ANNUITY....................................11 .......................................14 OPTION 2 - LIFE ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15, OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED........................................11 14 OPTION 3 - JOINT AND LAST SURVIVOR ANNUITY.................11 ....................15 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15, OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED.............11 ...............15 OPTION 5 - REFUND LIFE ANNUITY.............................12 ................................16 OPTION 6 - SPECIFIED PERIOD CERTAIN ANNUITY........................................................12...................16

ANNUITY OPTIONS. 11 OPTION 1 - LIFE ANNUITY...............................................................................................................11 OPTION 2 - LIFE ANNUITY WITH 120 60, 120, 180, OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED.....................................................11 OPTION 3 - JOINT AND LAST SURVIVOR ANNUITY.........................................................................11 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 60, 120, 180, OR 240 MONTHLY ANNUITY PAYMENTS PAYMENT GUARANTEED.............11 ..................................................................................... 12 OPTION 5 - REFUND LIFE ANNUITY.................................................................................................12 ANNUITY.........................................................................................................................................................12

ANNUITY OPTIONS. 11 14 OPTION 1 - LIFE ANNUITY....................................11 ..............................................14 OPTION 2 - LIFE ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15, OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED........................................11 .....................................................15 OPTION 3 - JOINT AND LAST SURVIVOR ANNUITY.................11 ...........................15 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15, OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED.............11 .................... 15 OPTION 5 - REFUND LIFE ANNUITY.............................12 ANNUITY........................................................12.......................................16

ANNUITY OPTIONS. 11 15 OPTION 1 - LIFE ANNUITY....................................11 .............................................15 OPTION 2 - LIFE ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15, OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED........................................11 ....................................................15 OPTION 3 - JOINT AND LAST SURVIVOR ANNUITY.................11 ..........................16 OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY WITH 120 MONTHLY PAYMENTS OVER 5, 10, 15 OR 240 MONTHLY ANNUITY PAYMENTS 20 YEARS GUARANTEED.............11 ....................................16 OPTION 5 - REFUND LIFE ANNUITY.............................12 ANNUITY........................................................12......................................16

ANNUITY OPTIONS. 11 14 OPTION 1 - LIFE ANNUITY....................................11 1. LIFETIME ONLY ANNUITY:............................14 OPTION 2 - LIFE 2. LIFETIME ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED........................................11 GUARANTEED PERIODS..........14 OPTION 3 - 3. PAYMENT FOR A FIXED PERIOD:.......................14 OPTION 4. JOINT AND LAST SURVIVOR ANNUITY.................11 OPTION 4 - JOINT AND LAST SURVIVOR ........................14 ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED.............11 OPTION 5 - REFUND LIFE ANNUITY.............................12 ANNUITY........................................................12.............................................................15