Common use of ANNUITY OPTIONS Clause in Contracts

ANNUITY OPTIONS. OPTION 1 - PAYMENT OF INTEREST ON SUM LEFT WITH THE COMPANY - This Option may be used only by the Beneficiary when the Annuitant dies before we have started paying an Annuity. A portion or all of the Sum Payable at Death (see 3.13) may be held under this Option and will be held in the General Account of the Company, at interest (see 4.01). The Beneficiary may later tell us to: (a) Pay all or any portion of the sum held by us as a lump sum payment; or (b) Apply all or any portion of the sum held by us to any Annuity Option below. If the Beneficiary is not the Contract ▇▇▇▇▇▇'s surviving spouse and elects that some or all of the full Sum Payable at Death is to be held under this Option, the Beneficiary must tell us to pay the full sum held under this Option by December 31st of the year containing the fifth anniversary of the Contract ▇▇▇▇▇▇'s death. OPTION 2 - PAYMENTS FOR A STATED PERIOD OF TIME - An Annuity will be paid for the number of years chosen. The number of years must be at least 5 and not more than 30. If payments for this Option are made under a Variable Annuity, the present value of any remaining payments may be withdrawn at any time. If a withdrawal is requested within 5 years after the start of payments, the withdrawal may be reduced by a Surrender Fee (see 3.14). OPTION 3 - LIFE INCOME FOR ONE PAYEE - An Annuity with payments for the life of the Annuitant. If this option is elected, a choice must be made of: (a) Payments cease at the death of the Annuitant; or (b) Payments are guaranteed for a period of 60, 120, 180 or 240 months. OPTION 4 - LIFE INCOME FOR TWO PAYEES - An Annuity with payments for the life of the Annuitant and a second Annuitant, one of whom is designated as the primary Annuitant. Payments continue until both ▇▇▇▇▇▇▇▇▇▇ have died. If this Option is elected, a choice must be made of: (a) 100% of the payment amount to continue after the first death; or (b) 66 2/3% of the payment amount to continue after the first death; or (c) 50% of the payment amount to continue after the first death; or

ANNUITY OPTIONS. OPTION 1 - PAYMENT OF INTEREST ON SUM LEFT WITH THE COMPANY - This Option may be used only by the Beneficiary when the Annuitant dies before we have started paying an Annuity. A portion The Contract Holder, a Participant, Contract or all Plan beneficiary, as applicable, must elect one of the Sum Payable at Death (see 3.13) may be held under this Option and will be held in the General Account of the Company, at interest (see 4.01). The Beneficiary may later tell us to: (a) Pay all or any portion of the sum held by us as following: Payments for a lump sum payment; or (b) Apply all or any portion of the sum held by us to any Annuity Option below. If the Beneficiary is not the Contract ▇▇▇▇▇▇'s surviving spouse and elects that some or all of the full Sum Payable at Death is to be held under this Option, the Beneficiary must tell us to pay the full sum held under this Option by December 31st of the year containing the fifth anniversary of the Contract ▇▇▇▇▇▇'s death. OPTION 2 - PAYMENTS FOR A STATED PERIOD OF TIME - An Annuity will be paid Stated Period ---------------------------- This option provides payments for the number of years chosena stated period. The number of years in the stated period must be at least 5 and not more than 30fall within the range shown on Contract Schedule II under Guaranteed Payment Period. If payments for this Option option are made under a Variable Annuity, the present value of any remaining payments may be withdrawn at any time. If a withdrawal is requested within 5 five years after of the start of paymentsfirst payment, the lump sum payment is treated as a withdrawal during the Accumulation Phase and any applicable withdrawal charge applies (see 8.04). If the payments are fixed-only, an annual increase of one, two or three percent (compounded annually) may be reduced elected at the time the Annuity option is chosen (if permitted by a Surrender Fee (see 3.14the Code). OPTION 3 - LIFE INCOME FOR ONE PAYEE - An Annuity with Life Income for One Annuitant ----------------------------- This option provides payments for the life of the Annuitant. If this option is elected, the Contract Holder, a choice Participant or Contract beneficiary, as applicable, must be made ofalso choose one of the following: (a) Payments cease at the death of the Annuitant; or (b) Payments are guaranteed for a period within the range shown on Contract Schedule II under Guaranteed Payment Period; or (c) Fixed-only cash refund: at the death of 60the Annuitant, 120the Beneficiary receives a lump sum payment in an amount equal to the amount applied to the Annuity, 180 less the amount of payments made to the Annuitant. Under (a) or 240 months(b), if the payments are fixed-only, an annual increase of one, two or three percent (compounded annually) may be elected at the time the Annuity option is chosen (if permitted by the Code). OPTION 4 - LIFE INCOME FOR TWO PAYEES - An Annuity with Life Income for Two Annuitants ------------------------------ This option provides payments for the life lives of the Annuitant and a second Annuitant, one of whom is designated as the primary Annuitant. Payments continue until both ▇A▇▇▇▇▇▇▇▇▇ have died. If this Option option is elected, the Contract Holder or a choice Participant, as applicable, must be made ofalso choose one of the following: (a) 100% of the payment amount to continue after the first death; or (b) 66 2/3% of the payment amount to continue after the first death; or (c) 50% of the payment amount to continue after the first death; or (d) 100% of the payment amount to continue after the first death with payments guaranteed to the Beneficiary after the second death for a period within the range shown on Contract Schedule II under Guaranteed Payment Period; or (e) 100% of the payment amount to continue at the death of the specified second Annuitant and 50% of the payment amount to continue at the death of the specified Annuitant; or (f) 100% of the fixed-only payment amount to continue after the first death with a cash refund to the Contract beneficiary after the second death. The amount of the cash refund is equal to the amount applied to the Annuity, less the amount of payments made. Under (a) or (d), if the payments are fixed-only, an annual increase of one, two or three percent (compounded annually may be elected at the time the Annuity option is chosen (if permitted by the Code). Other Options ------------- We may make other options available.

ANNUITY OPTIONS. OPTION Option 1 - PAYMENT OF INTEREST ON SUM LEFT WITH THE COMPANY Payment of Interest on Sum Left with Aetna - This Option may be used only by the Beneficiary beneficiary when the Annuitant dies before we have Aetna has started paying an Annuity. A portion or all of the Sum Payable at Death (see 3.13) sum paid upon death may be held under this Option and will be held in the General Account of the Company, Aetna at interest (see 4.014. 01). The Beneficiary beneficiary may later tell us Aetna to: (a) Pay all a portion, or any portion all, of the sum held by us as a lump sum paymentAetna; or (b) Apply all a portion, or any portion all, of the sum held by us Aetna to any Annuity Option below. If the Beneficiary is not the Contract ▇▇▇▇▇▇'s surviving spouse and beneficiary elects that some or all of the full Sum Payable at Death sum paid upon death is to be held under this Option, the Beneficiary beneficiary must tell us Aetna to pay the full sum held under this Option by December 31st of within 5 years after the year containing the fifth anniversary death of the Contract ▇▇▇▇▇▇'s death. OPTION Owner. Option 2 - PAYMENTS FOR A STATED PERIOD OF TIME Payments for a Stated Period of Time - An Annuity will be paid for the number of years chosen. The number of years must be at least 5 3 and not more than 30. If payments for this Option are made under a Variable Annuity, the present value of any remaining payments may be withdrawn at any time. If a withdrawal is requested within 5 years after the start of payments, the withdrawal may be reduced by a Surrender Fee (see 3.14). OPTION . Option 3 - LIFE INCOME FOR ONE PAYEE Life Income - An Annuity with payments will be paid for the life of the Annuitant. If this option is electedalso chosen, a choice must be made of: (a) Payments cease at the death of the Annuitant; or (b) Payments are guaranteed Aetna will guarantee payments for a period of 60, 120, 180 180, or 240 months. OPTION . Option 4 - LIFE INCOME FOR TWO PAYEES Life Income for Two Payees - An Annuity with payments for will be paid during the life lives of the Annuitant and a second Annuitant. At the death of either, one of whom is designated as payments will continue to the primary Annuitantsurvivor. Payments continue until both ▇▇▇▇▇▇▇▇▇▇ have died. If When this Option is electedchosen, a choice must be made of: (a) 100% of the payment amount to continue after to the first death; orsurvivor; (b) 66 66-2/3% of the payment amount to continue after to the first death; orsurvivor; (c) 50% of the payment amount to continue after to the first deathsurvivor; or (d) Payments for a minimum of 120 months, with 100% of the payment to continue to the survivor. (e) 100% of the payment to continue to the survivor if the survivor is the Annuitant, and 50% of the payment to continue to the survivor if the survivor is the second Annuitant. Other Options - Aetna may make other options available as allowed by the laws of the state in which this Contract is delivered. OPTION 2 PAYMENTS FOR A STATED PERIOD OF TIME AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 AFTER DEDUCTION OF ANY CHARGE FOR PREMIUM TAXES Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.5%; and Rates for a Variable Annuity with Assumed Net Return Rate of 3.5% Years Amount of Years Amount of Years Amount of of Payments Payments of Payments Payments of Payments Payments ----------- -------- ----------- -------- ----------- -------- 3 $29.19 13 $7.94 22 $5.39 4 22.27 14 7.49 23 5.24 5 18.12 15 7.10 24 5.09 6 15.35 16 6.76 25 4.96 7 13.38 17 6.47 26 4.84 8 11.90 18 6.20 27 4.73 9 10.75 19 5.97 28 4.63 10 9.83 20 5.75 29 4.53 11 9.09 21 5.56 30 4.45 12 8.46 Rates for a Variable Annuity with Assumed Net Return Rate of 5% Years Amount of Years Amount of Years Amount of of Payments Payments of Payments Payments of Payments Payments ----------- -------- ----------- -------- ----------- -------- 3 $29.80 13 $8.64 22 $6.17 4 22.89 14 8.20 23 6.02 5 18.74 15 7.82 24 5.88 6 15.99 16 7.49 25 5.76 7 14.02 17 7.20 26 5.65 8 12.56 18 6.94 27 5.54 9 11.42 19 6.71 28 5.45 10 10.51 20 6.51 29 5.36 11 9.77 21 6.33 30 5.28 12 9.16 OPTION 3 LIFE INCOME AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 AFTER DEDUCTION OF ANY CHARGE FOR PREMIUM TAXES Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.5%; and Rates for a Variable Annuity with Assumed Net Return Rate of 3.5% Payments Guaranteed for a Stated Period of Months Age of Annuitant None 60 120 180 240 --------- ---- -- --- --- --- 50 $4.34 $4.34 $4.31 $4.27 $4.22 51 4.41 4.40 4.38 4.33 4.27 52 4.48 4.47 4.45 4.40 4.32 53 4.56 4.55 4.52 4.46 4.38 54 4.64 4.63 4.59 4.53 4.44 55 4.72 4.71 4.67 4.60 4.50 56 4.81 4.80 4.75 4.67 4.56 57 4.91 4.89 4.84 4.75 4.62 58 5.01 4.99 4.93 4.83 4.69 59 5.12 5.10 5.03 4.92 4.75 60 5.23 5.21 5.13 5.00 4.82 61 5.36 5.33 5.24 5.09 4.88 62 5.49 5.45 5.35 5.19 4.95 63 5.63 5.59 5.47 5.28 5.02 64 5.78 5.73 5.60 5.38 5.08 65 5.94 5.89 5.73 5.48 5.15 66 6.11 6.05 5.87 5.58 5.21 67 6.29 6.22 6.02 5.69 5.27 68 6.49 6.41 6.17 5.79 5.33 69 6.70 6.60 6.33 5.90 5.38 70 6.92 6.81 6.49 6.00 5.43 71 7.17 7.04 6.66 6.10 5.48 72 7.43 7.27 6.84 6.20 5.52 73 7.71 7.53 7.02 6.30 5.55 74 8.02 7.80 7.20 6.39 5.59 75 8.35 8.08 7.38 6.48 5.62 Rates are based on mortality from 1983 Table a. The rates do not differ by sex. Rates for ages not shown will be provided on request and will be computed on a basis consistent with the rates in the above tables. Life Income Amount of First Monthly Payment for Each $1,000 After Deduction of any Charge for Premium Taxes Rates for a Variable Annuity with Assumed Net Return Rate of 5.0% Payments Guaranteed for a Stated Period of Months Age of Annuitant None 60 120 180 240 --------- ---- -- --- --- --- 50 $5.26 $5.25 $5.22 $5.17 $5.11 51 5.33 5.32 5.28 5.23 5.15 52 5.40 5.38 5.34 5.29 5.20 53 5.47 5.45 5.41 5.35 5.26 54 5.54 5.53 5.48 5.41 5.31 55 5.63 5.61 5.56 5.47 5.36 56 5.71 5.69 5.63 5.54 5.42 57 5.80 5.78 5.72 5.61 5.47 58 5.90 5.88 5.81 5.69 5.53 59 6.01 5.98 5.90 5.77 5.59 60 6.12 6.09 6.00 5.85 5.65 61 6.24 6.21 6.10 5.93 5.71 62 6.37 6.33 6.21 6.02 5.77 63 6.51 6.46 6.33 6.11 5.83 64 6.66 6.60 6.45 6.20 5.89 65 6.82 6.75 6.57 6.30 5.95 66 6.99 6.91 6.71 6.39 6.01 67 7.17 7.08 6.85 6.49 6.06 68 7.36 7.27 6.99 6.59 6.12 69 7.57 7.46 7.15 6.69 6.17 70 7.80 7.67 7.30 6.78 6.21 71 8.05 7.89 7.47 6.88 6.25 72 8.31 8.13 7.64 6.97 6.29 73 8.59 8.38 7.81 7.06 6.33 74 8.90 8.64 7.99 7.15 6.36 75 9.23 8.93 8.16 7.23 6.38 Rates are based on mortality from 1983 Table a. The rates do not differ by sex. Rates for ages not shown will be provided on request and will be computed on a basis consistent with the rates in the above tables. LIFE INCOME FOR TWO PAYEES JOINT AND LAST SURVIVOR ANNUITY 100% TO THE SURVIVOR NO MINIMUM PERIOD AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 AFTER DEDUCTION OF ANY CHARGE FOR PREMIUM TAXES Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.5%; and Rates for a Variable Annuity with Assumed Net Return Rate of 3.5% Age Age of Second Annuitant of Male Annuitant 45 50 55 60 65 70 75 80 85 --------- ----- ----- ----- ----- ----- ----- ----- ----- ----- 45 $3.69 $3.75 $3.81 $3.84 $3.87 $3.90 $3.91 $3.92 $3.92 50 3.75 3.89 3.97 4.04 4.09 4.13 4.15 4.17 4.18 55 3.81 3.97 4.16 4.27 4.35 4.42 4.47 4.50 4.51 60 3.84 4.04 4.27 4.51 4.66 4.78 4.86 4.92 4.95 65 3.87 4.09 4.35 4.66 4.99 5.19 5.35 5.46 5.53 70 3.90 4.13 4.42 4.78 5.19 5.67 5.95 6.17 6.31 75 3.91 4.15 4.47 4.86 5.35 5.95 6.64 7.04 7.34 80 3.92 4.17 4.50 4.92 5.46 6.17 7.04 8.04 8.63 85 3.92 4.18 4.51 4.95 5.53 6.31 7.34 8.63 10.05 Rates for a Variable Annuity with Assumed Net Return Rate of 5%

ANNUITY OPTIONS. OPTION Option 1 - PAYMENT OF INTEREST ON SUM LEFT WITH THE COMPANY - This Option may be used only by the Beneficiary when the Annuitant dies before we have started paying an AnnuityPayments for a Stated Period of Time. A portion or all of the Sum Payable at Death (see 3.13) may be held under this Option and will be held in the General Account of the Company, at interest (see 4.01). The Beneficiary may later tell us to: (a) Pay all or any portion of the sum held by us as a lump sum payment; or (b) Apply all or any portion of the sum held by us to any Annuity Option below. If the Beneficiary is not the Contract ▇▇▇▇▇▇'s surviving spouse and elects that some or all of the full Sum Payable at Death is to be held under this Option, the Beneficiary must tell us to pay the full sum held under this Option by December 31st of the year containing the fifth anniversary of the Contract ▇▇▇▇▇▇'s death. OPTION 2 - PAYMENTS FOR A STATED PERIOD OF TIME - An Annuity will be paid for the number of years chosen. The number of years must be at least 5 and not more than 30chosen (See Contract Schedule II). If payments for this Option option are made under a Variable Annuity, the present value of any remaining payments may be withdrawn at any time. If a withdrawal is requested within 5 years after the start of payments, the withdrawal may be reduced by a Surrender Fee (see 3.14). OPTION 3 G-CDA-05(TORP)FL 16 Option 2 - LIFE INCOME FOR ONE PAYEE - An Annuity with payments for Life Income based on the life of the Annuitant. If Payments will be made until the death of the Annuitant. When this option is electedchosen, a choice of the following must be made ofmade: (a) Payments cease at the death of the Annuitant; or; (b) Payments are may be guaranteed for 5-30 years; or (c) Payments may be guaranteed for the amount applied to the Annuity option. If the Annuitant dies prior to the payment of the amount applied to the Annuity option (less any premium tax), any remaining balance will be paid in one sum to the Beneficiary. This option is only available on a period fixed basis. Option 3 - Life Income based upon the lives of 60, 120, 180 or 240 monthstwo Annuitants. OPTION 4 - LIFE INCOME FOR TWO PAYEES - An Annuity with payments for will be paid during the life lives of the Annuitant and a second Annuitant, one of whom is designated as the primary Annuitant. Payments will continue until both ▇▇▇▇▇▇▇▇▇▇ Annuitants have died. If When this Option option is electedchosen, a choice of the following must be made ofmade: (a) 100% of the payment amount to continue after the first death; or; (b) 66 2/3% of the payment amount to continue after the first death; or; (c) 50% of the payment amount to continue after the first death; (d) 100% of the payment to continue after the first death with a guarantee of 5-30 years; (e) 100% of the payment to continue at the death of the second Annuitant and 50% of the payment to continue at the death of the Annuitant; or (f) 100% of the payment to continue after the first death. Payments are guaranteed for the amount applied to the Annuity option. If both Annuitants die prior to the total payment of the amount applied to the Annuity option (less any premium tax), any remaining balance will be paid in one sum to the Beneficiary. This option is only available on a fixed basis. If a Fixed Annuity option is chosen under Option 1, Option 2 (a) or (b) or Option 3 (a) or (d), then the Participant may elect a payment increase of 1, 2 or 3%, compounded annually. An election of such a payment increase will result in an adjustment of the policy guarantees by an actuarially equivalent payment factor. Other Options - The Company may make other options available as allowed by the laws of the state in which this Contract is delivered.

ANNUITY OPTIONS. OPTION Option 1 - PAYMENT OF INTEREST ON SUM LEFT WITH THE COMPANY Payments of interest on Sum Left with Aetna - This Option may be used only by the Beneficiary beneficiary when the Annuitant dies before we have Aetna has started paying an Annuity. A portion or all of the Sum Payable at Death (see 3.13) sum paid upon death may be held under this Option and will be held in the General Account of the Company, Aetna at interest (see 4.01). The Beneficiary beneficiary may later tell us Aetna to: (a) Pay a portion or all or any portion of the sum held by us as a lump sum paymentAetna; or or (b) Apply a portion or all or any portion of the sum held by us Aetna to any Annuity Option below. If this Contract is subject to Code Section 401 (a)(9), and the Beneficiary is not the Contract ▇▇▇▇▇▇'s surviving spouse and beneficiary elects that some or all of the full Sum Payable at Death sum paid upon death is to be held under this Option, the Beneficiary beneficiary, if a spouse, must elect (a) or (b) above within 5 years after the death of the Annuitant. If the beneficiary is not a spouse, the beneficiary must tell us Aetna to pay the full sum held under this Option by December 31st within 5 years after the death of the year containing the fifth anniversary of the Contract ▇▇▇▇▇▇'s death. OPTION Annuitant. Option 2 - PAYMENTS FOR A STATED PERIOD OF TIME Payments for a Stated Period of Time - An Annuity will be paid for the number of years chosen. The number of years must be at least 5 3 and not more than 30. If payments for this Option are made under a Variable Annuity, the present value of any remaining payments may be withdrawn at any time. If a withdrawal is requested within 5 3 years after the start of payments, the withdrawal may it will be reduced by treated as a Surrender Fee surrender (see 3.14Part V). OPTION . Option 3 - LIFE INCOME FOR ONE PAYEE Life Income - An Annuity with payments will be paid for the life of the Annuitant. If this option is electedalso chosen, a choice must be made of: (a) Payments cease at the death of the Annuitant; or (b) Payments are guaranteed Aetna will guarantee payments for a period of 60, 120, 180 1 80, or 240 months. OPTION . Option 4 - LIFE INCOME FOR TWO PAYEES - Life Income for Two Payees An Annuity with payments for will be paid during the life lives of the Annuitant and a second Annuitant. At the death of either, one of whom is designated as payments will continue to the primary Annuitantsurvivor. Payments continue until both ▇▇▇▇▇▇▇▇▇▇ have died. If When this Option is electedchosen, a choice must be made of: (a) 100% of the payment amount to continue after to the first deathsurvivor; or (b) 66 2/3662/3% of the payment amount to continue after to the first deathsurvivor; or (c) 50% of the payment amount to continue after to the first deathsurvivor; oror (d) Payments guaranteed for 120 months, with 100% of the payment to continue to the survivor.

ANNUITY OPTIONS. OPTION 1 - PAYMENT OF INTEREST ON SUM LEFT WITH THE COMPANY - This Option may be used only by the Beneficiary when the Annuitant dies before we have started paying an Annuity. A portion The Contract Holder, a Participant, Contract or all Plan beneficiary, as applicable, must elect one of the Sum Payable at Death (see 3.13) may be held under this Option and will be held in the General Account of the Company, at interest (see 4.01). The Beneficiary may later tell us tofollowing: (a) Pay all or any portion of the sum held by us as Option 1: Payments for a lump sum payment; or (b) Apply all or any portion of the sum held by us to any Annuity Option below. If the Beneficiary is not the Contract ▇▇▇▇▇▇'s surviving spouse and elects that some or all of the full Sum Payable at Death is to be held under this Option, the Beneficiary must tell us to pay the full sum held under this Option by December 31st of the year containing the fifth anniversary of the Contract ▇▇▇▇▇▇'s death. OPTION 2 - PAYMENTS FOR A STATED PERIOD OF TIME - An Annuity will be paid Stated Period This option provides payments for the number of years chosena stated period. The number of years in the stated period must be at least 5 and not more than 30fall within the range shown on Contract Schedule II under Payment Period. If payments for this Option option are made under a Variable Annuity, the present value of any remaining payments may be withdrawn at any time. If a withdrawal is requested within 5 five years after of the start of paymentsfirst payment, the lump-sum payment is treated as a withdrawal during the Accumulation Phase and any applicable withdrawal charge applies (see 8.04). If the payments are fixed-only, an annual increase of one, two or three percent (compounded annually) may be reduced elected at the time the Annuity option is chosen (if permitted by a Surrender Fee (see 3.14the Code). OPTION 3 - LIFE INCOME FOR ONE PAYEE - An Annuity with . Option 2: Life Income for One Annuitant This option provides payments for the life of the Annuitant. If this option is elected, the Contract Holder, a choice Participant or Contract beneficiary, as applicable, must be made ofalso choose one of the following: (a) Payments cease at the death of the Annuitant; or (b) Payments are guaranteed for a period within the range shown on Contract Schedule II under Payment Period; or (c) Fixed-only cash refund: at the death of 60the Annuitant, 120the beneficiary receives a lump-sum payment in an amount equal to the amount applied to the Annuity (minus any applicable premium tax), 180 minus the amount of payments made to the Annuitant. Under (a) or 240 months. OPTION 4 - LIFE INCOME FOR TWO PAYEES - An (b), if the payments are fixed-only, an annual increase of one, two or three percent (compounded annually) may be elected at the time the Annuity with option is chosen (if permitted by the Code). Option 3: Life Income for Two Annuitants This option provides payments for the life lives of the Annuitant and a second Annuitant, one of whom is designated as the primary Annuitant. Payments continue until both ▇▇▇▇▇▇▇▇▇▇ have died. If this Option option is elected, the Contract Holder, a choice Participant, Contract or Plan beneficiary as applicable, must be made ofalso choose one of the following: (a) 100% of the payment amount to continue after the first death; or (b) 66 2/3% of the payment amount to continue after the first death; or (c) 50% of the payment amount to continue after the first death; or (d) 100% of the payment amount to continue after the first death with payments guaranteed to the beneficiary after the second death for a period within the range shown on Contract Schedule II under Payment Period; or (e) 100% of the payment amount to continue at the death of the specified second Annuitant and 50% of the payment amount to continue at the death of the specified Annuitant; or (f) 100% of the fixed-only payment amount to continue after the first death with a cash refund to the Contract beneficiary after the second death. The amount of the cash refund is equal to the amount applied to the Annuity (minus any applicable premium tax), minus the amount of payments made. Under (a) or (d), if the payments are fixed-only, an annual increase of one, two or three percent (compounded annually) may be elected at the time the Annuity option is chosen (if permitted by the Code).

ANNUITY OPTIONS. OPTION 1 - PAYMENT OF INTEREST ON SUM LEFT WITH THE COMPANY - This Option may be used only by The following rules are applicable to the Beneficiary when the Annuitant dies before we have started paying an Annuity. A portion or all of the Sum Payable at Death (see 3.13) may be held under this Option and will be held in the General Account of the Company, at interest (see 4.01). The Beneficiary may later tell us toannuity options set forth below: (a) Pay all Any election or any portion change of an annuity option shall take effect as of the sum held by us as a lump sum payment; ordate the Notice was signed whether or not the Participant or Beneficiary is living at the time of its receipt. (b) Apply all or any portion The amount of the sum held by us to any Annuity Option below. If the Beneficiary is not the Contract ▇▇▇▇▇▇'s surviving spouse and elects that some or all of the full Sum Payable at Death is to be held each payment made under this Option, the Beneficiary must tell us to pay the full sum held under this Option by December 31st of the year containing the fifth anniversary of the Contract ▇▇▇▇▇▇'s death. OPTION 2 - PAYMENTS FOR A STATED PERIOD OF TIME - An Annuity will be paid for the number of years chosen. The number of years a given annuity option must be at least 5 [$50]. (c) The joint annuitant under annuity options (C) and not more than 30. (D) must be a natural person. (d) If payments for this Option are made under the Company is issuing a Variable Annuitysingle premium immediate annuity on the Annuity Commencement Date, the present value of any remaining payments may be withdrawn at any time. If a withdrawal is requested within 5 years after the start of payments, the withdrawal may be reduced by a Surrender Fee (see 3.14). OPTION 3 - LIFE INCOME FOR ONE PAYEE - An Annuity with payments for the life of the Annuitant. If this option is elected, a choice must be made ofCompany shall: (ai) Payments cease determine if the current purchase rates are more favorable than the rates shown in Table B of Section 9 of this Contract; and (ii) use the more favorable rates in purchasing an annuity option under this Contract. (e) Subject to the requirements of this Section and the provisions of the Plan and if acceptable to the Company, the Participant may elect a different period certain and/or different percentages under annuity options (B), (C) and (D). (f) Once payments have commenced under one of the annuity options shown below, no changes, other than for changes by the Participant as to the Beneficiary, are permitted. (g) If at any age the same monthly annuity payment is paid for different periods certain under either annuity option (B) or annuity option (D), the Company shall deem an election to have been made for the longest period certain which could have been elected for such age, amount and type of annuity. The following annuity options are available under this Contract: (A) NON-REFUND LIFE ANNUITY. The Company shall make monthly payments during the Participant’s lifetime. Upon the Participant’s death no additional benefits shall be paid. Table C of Section 9 of this Contract shows the monthly annuity based on each $1,000 applied under a Non-Refund Life Annuity. (B) 10-YEAR PERIOD CERTAIN AND CONTINUOUS ANNUITY. The Company shall make monthly payments during the Participant’s lifetime. Upon the Participant’s death before the end of the ten-year period, or such other period agreed to by the Company, annuity payments shall continue to be paid to the Beneficiary until the end of such agreed upon period. Table C of Section 9 of this Contract shows the monthly annuity based on each $1,000 applied under a 10-Year Period Certain and Continuous Annuity. (C) JOINT AND SURVIVOR LIFE ANNUITY. The Company shall make monthly payments during the Participant’s lifetime. Upon the Participant’s death, monthly annuity payments equal to 66-2/3%, or such other percentage agreed to by the Company, of the Participant’s monthly annuity benefit shall be payable to the joint annuitant during the lifetime of the joint annuitant, if living. Upon the death of the Annuitant; orParticipant and the joint annuitant no additional benefits shall be paid. (bD) Payments are guaranteed for a period of 60JOINT AND SURVIVOR LIFE ANNUITY WITH 10-YEAR PERIOD CERTAIN. The Company shall make monthly payments during the Participant’s lifetime. Upon the Participant’s death, 120monthly annuity payments equal to 66-2/3%, 180 or 240 months. OPTION 4 - LIFE INCOME FOR TWO PAYEES - An Annuity with payments for such other percentage agreed to by the life Company, of the Annuitant and a second AnnuitantParticipant’s monthly annuity benefit shall be payable to the joint annuitant during the lifetime of the joint annuitant, one of whom is designated as the primary Annuitant. Payments continue until both ▇▇▇▇▇▇▇▇▇▇ have diedif living. If this Option is electedboth the Participant and joint annuitant die before annuity benefits have been paid for ten years, a choice must or such other period agreed to by the Company, annuity payments shall continue to be made of: (a) 100% paid each month to the Beneficiary until the end of such agreed upon period. The amount of the payment monthly annuity benefit payable to such Beneficiary shall be the amount of the monthly annuity benefit being paid under this Contract immediately before the date payments to continue after such Beneficiary begin. In the event of the simultaneous death of the Participant and joint annuitant, or if it cannot be determined who was the first death; or (b) 66 2/3% of to die, it shall be assumed that the payment amount to continue after joint annuitant died before the first death; or (c) 50% of the payment amount to continue after the first death; orParticipant.

ANNUITY OPTIONS. OPTION 1 - PAYMENT OF INTEREST ON SUM LEFT WITH THE COMPANY - This Option may be used only by The following rules are applicable to the Beneficiary when the Annuitant dies before we have started paying an Annuity. A portion or all of the Sum Payable at Death (see 3.13) may be held under this Option and will be held in the General Account of the Company, at interest (see 4.01). The Beneficiary may later tell us toannuity options set forth below: (a) Pay all Any election or any portion change of an annuity option shall take effect as of the sum held by us as a lump sum payment; ordate the Notice was signed whether or not the Participant or Beneficiary is living at the time of its receipt. (b) Apply all or any portion of the sum held by us to any Annuity Option below. If the Beneficiary is not the Contract ▇▇▇▇▇▇'s surviving spouse The joint annuitant under annuity options (C) and elects that some or all of the full Sum Payable at Death is to be held under this Option, the Beneficiary must tell us to pay the full sum held under this Option by December 31st of the year containing the fifth anniversary of the Contract ▇▇▇▇▇▇'s death. OPTION 2 - PAYMENTS FOR A STATED PERIOD OF TIME - An Annuity will be paid for the number of years chosen. The number of years (D) must be at least 5 and not more than 30. If payments for this Option are made under a Variable Annuity, the present value of any remaining payments may be withdrawn at any time. If a withdrawal is requested within 5 years after the start of payments, the withdrawal may be reduced by a Surrender Fee (see 3.14). OPTION 3 - LIFE INCOME FOR ONE PAYEE - An Annuity with payments for the life of the Annuitant. If this option is elected, a choice must be made of: (a) Payments cease at the death of the Annuitant; or (b) Payments are guaranteed for a period of 60, 120, 180 or 240 months. OPTION 4 - LIFE INCOME FOR TWO PAYEES - An Annuity with payments for the life of the Annuitant and a second Annuitant, one of whom is designated as the primary Annuitant. Payments continue until both ▇▇▇▇▇▇▇▇▇▇ have died. If this Option is elected, a choice must be made of: (a) 100% of the payment amount to continue after the first death; or (b) 66 2/3% of the payment amount to continue after the first death; ornatural person. (c) 50% If the Company is issuing a single premium immediate annuity on the Annuity Commencement Date, the Company shall: (i) determine if the current purchase rates are more favorable than the rates shown in Table B of Section 10 of this Contract; and (ii) use the more favorable rates in purchasing an annuity option under this Contract. (d) Subject to the requirements of this Section and subsection 8.5 of this Contract and if acceptable to the Company, the Participant may elect a different period certain and/or different percentages under annuity options (B), (C) and (D). (e) Once payments have commenced under one of the annuity options shown below, no changes, other than for changes by the Participant as to the Beneficiary, are permitted. (f) If at any age the same monthly annuity payment is paid for different periods certain under either annuity option (B) or annuity option (D), the Company shall deem an election to have been made for the longest period certain which could have been elected for such age, amount to continue after and type of annuity. The following annuity options are available under this Contract: (A) NON-REFUND LIFE ANNUITY. The Company shall make monthly payments during the first death; orParticipant’s lifetime. Upon the Participant’s death no additional benefits shall be paid. Table C of Section 10 of this Contract shows the monthly annuity based on each $1,000 applied under a Non-Refund Life Annuity.

ANNUITY OPTIONS. OPTION 1 - PAYMENT OF INTEREST ON SUM LEFT WITH THE COMPANY - This Option may be used only by the Beneficiary when the Annuitant dies before we have started paying an Annuity. A portion The Contract Holder, a Participant, Contract or all Plan beneficiary, as applicable, must elect one of the Sum Payable at Death (see 3.13) may be held under this Option and will be held in the General Account of the Company, at interest (see 4.01). The Beneficiary may later tell us tofollowing: (a) Pay all or any portion of the sum held by us as Option 1: Payments for a lump sum payment; or (b) Apply all or any portion of the sum held by us to any Annuity Option below. If the Beneficiary is not the Contract ▇▇▇▇▇▇'s surviving spouse and elects that some or all of the full Sum Payable at Death is to be held under this Option, the Beneficiary must tell us to pay the full sum held under this Option by December 31st of the year containing the fifth anniversary of the Contract ▇▇▇▇▇▇'s death. OPTION 2 - PAYMENTS FOR A STATED PERIOD OF TIME - An Annuity will be paid Stated Period This option provides payments for the number of years chosena stated period. The number of years in the stated period must be at least 5 and not more than 30fall within the range shown on Contract Schedule II under Payment Period. If payments for this Option option are made under a Variable Annuity, the present value of any remaining payments may be withdrawn at any time. If a withdrawal is requested within 5 five years after of the start of paymentsfirst payment, the lump-sum payment is treated as a withdrawal during the Accumulation Phase and any applicable withdrawal charge applies (see 8.04). If the payments are fixed-only, an annual increase of one, two or three percent (compounded annually) may be reduced elected at the time the Annuity option is chosen (if permitted by a Surrender Fee (see 3.14the Code). OPTION 3 - LIFE INCOME FOR ONE PAYEE - An Annuity with . Option 2: Life Income for One Annuitant This option provides payments for the life of the Annuitant. If this option is elected, the Contract Holder, a choice Participant or Contract beneficiary, as applicable, must be made ofalso choose one of the following: (a) Payments cease at the death of the Annuitant; or (b) Payments are guaranteed for a period within the range shown on Contract Schedule II under Payment Period; or (c) Fixed-only cash refund: at the death of 60the Annuitant, 120the beneficiary receives a lump-sum payment in an amount equal to the amount applied to the Annuity (minus any applicable premium tax), 180 minus the amount of payments made to the Annuitant. Under (a) or 240 months. OPTION 4 - LIFE INCOME FOR TWO PAYEES - An (b), if the payments are fixed-only, an annual increase of one, two or three percent (compounded annually) may be elected at the time the Annuity with option is chosen (if permitted by the Code). Option 3: Life Income for Two Annuitants This option provides payments for the life lives of the Annuitant and a second Annuitant, one of whom is designated as the primary Annuitant. Payments continue until both ▇▇▇▇▇▇▇▇▇▇ Annuitants have died. If this Option option is elected, the Contract Holder, a choice Participant, Contract or Plan beneficiary as applicable, must be made ofalso choose one of the following: (a) 100% of the payment amount to continue after the first death; or (b) 66 2/3% of the payment amount to continue after the first death; or (c) 50% of the payment amount to continue after the first death; or (d) 100% of the payment amount to continue after the first death with payments guaranteed to the beneficiary after the second death for a period within the range shown on Contract Schedule II under Payment Period; or (e) 100% of the payment amount to continue at the death of the specified second Annuitant and 50% of the payment amount to continue at the death of the specified Annuitant; or (f) 100% of the fixed-only payment amount to continue after the first death with a cash refund to the Contract beneficiary after the second death. The amount of the cash refund is equal to the amount applied to the Annuity (minus any applicable premium tax), minus the amount of payments made. Under (a) or (d), if the payments are fixed-only, an annual increase of one, two or three percent (compounded annually) may be elected at the time the Annuity option is chosen (if permitted by the Code). Other Options As allowed under applicable state law, we reserve the right to make other options available.