Common use of ANNUITY UNIT Clause in Contracts

ANNUITY UNIT. An annuity unit is an accounting unit of measure. It is used to calculate the value of annuity payments from the variable account on and after annuitization. Code The Internal Revenue Code of 1986, as amended. Contract Anniversary The same day and month as the contract date each year that the contract remains in force. Contract Date It is the date from which contract anniversaries, contract years, and contract months are determined. Your contract date is shown under Contract Data. Contract Value The sum of the: (1) guarantee period accounts value; and (2) variable account contract value. Fixed Annuity A fixed ▇▇▇▇▇▇▇ ▇▇ ▇▇ annuity with payments which are guaranteed by us as to dollar amount during the annuity payment period. Guarantee Period Accounts These are accounts to which you may allocate purchase payments and contract values. Guarantee Period Accounts have guaranteed interest rates declared periodically. Market Value Adjustment A positive or negative adjustment assessed if any portion of a Guarantee Period Account is withdrawn or transferred prior to the end of its guaranteed period. Nonqualified Contract A contract used primarily for retirement purposes that is not intended to qualify as a qualified plan (such as IRAs, TSAs, or other tax-qualified plans). Retirement Date The date shown under Contract Data on which annuity payments are to begin. This date may be changed as provided in this contract. You will be notified prior to the retirement date in order to select an appropriate annuity payment plan. Valuation Date A valuation date is each day the New York Stock Exchange is open for trading. Valuation Period A valuation period is the interval of time commencing at the close of business on each valuation date and ending at the close of business on the next valuation date. Variable Account Consists of separate subaccounts to which you may allocate purchase payments and contract values; each invests in shares of one fund. The value of your investment in each subaccount changes with the performance of the particular fund. Variable Annuity A variable annuity is an annuity with payments which are not predetermined or guaranteed as to dollar amount and vary in amount with the investment experience of one or more of the variable subaccounts. We, Us, Our American Enterprise Life Insurance Company Written Request A request in writing signed by you and delivered to us at our administrative office. You, Your The owner of this contract. In a nonqualfied contract, the owner may be someone other than the annuitant. The owner is shown in the application unless the owner has been changed as provided in this contract.

ANNUITY UNIT. An annuity unit is an accounting unit of measure. It is used to calculate the value of annuity payments from the variable account on and after annuitization. Code The Internal Revenue Code of 1986, as amended. Contract Anniversary The same day and month as the contract date each year that the contract remains in force. Contract Date It is the date from which contract anniversaries, contract years, and contract months are determined. Your contract date is shown under Contract Data. Contract Value The sum of the: (1) guarantee period accounts value; and (2) variable account contract value. Fixed Annuity A fixed ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇ A fixed annuity is an annuity with payments which are guaranteed by us as to dollar amount during the annuity payment period. Guarantee Period Accounts These are accounts to which you may allocate purchase payments and contract values. Guarantee Period Accounts have guaranteed interest rates declared periodically. Market Value Adjustment A positive or negative adjustment assessed if any portion of a Guarantee Period Account is withdrawn or transferred prior to the end of its guaranteed period. Nonqualified Contract A contract used primarily for retirement purposes that is not intended to qualify as a qualified plan (such as IRAs, TSAs, or other tax-qualified plans). Retirement Date The date shown under Contract Data on which annuity payments are to begin. This date may be changed as provided in this contract. You will be notified prior to the retirement date in order to select an appropriate annuity payment plan. Valuation Date A valuation date is each day the New York Stock Exchange is open for trading. Valuation Period A valuation period is the interval of time commencing at the close of business on each valuation date and ending at the close of business on the next valuation date. Variable Account Consists of separate subaccounts to which you may allocate purchase payments and contract values; each invests in shares of one fund. The value of your investment in each subaccount changes with the performance of the particular fund. Variable Annuity A variable annuity is an annuity with payments which are not predetermined or guaranteed as to dollar amount and vary in amount with the investment experience of one or more of the variable subaccounts. We, Us, Our American Enterprise Life Insurance Company Written Request A request in writing signed by you and delivered to us at our administrative office. You, Your The owner of this contract. In a nonqualfied contract, the owner may be someone other than the annuitant. The owner is shown in the application unless the owner has been changed as provided in this contract. General Provisions Entire Contract This contract form and any endorsements or riders attached to it are the entire contract between you and us. No one except one of our corporate officers (President, Vice President, Secretary or Assistant Secretary) can change or waive any of our rights or requirements under this contract. That person must do so in writing. None of our other representatives or other persons has the authority to change or waive any of our rights or requirements under this contract. Annuity Tax Qualification This contract is intended to qualify as an annuity contract under Section 72 of the Code for federal income tax purposes. To that end, the provisions of this contract are to be interpreted to ensure or maintain such tax-qualification, notwithstanding any other provisions to the contrary. Contract Modification We reserve the right to modify this contract to the extent necessary to qualify this contract as an annuity contract under Section 72 of the Code and all related laws and regulations which are in effect during the term of this contract We will obtain any necessary approval of any regulatory authority for the modifications. Incontestable This contract is incontestable from its date of issue. Benefits Based on Incorrect Data Payments under the contract will be based on the annuitant's birthdate and sex. If the annuitant's birthdate or sex or your birthdate has been misstated, payments under this contract will be adjusted. They will be based on what would have been provided at the correct birthdate and sex. Any underpayments made by us will be made up immediately. Any overpayments made by us will be subtracted from the future payments. State Laws This contract is governed by the law of the state in which it is delivered. The values and benefits of this contract are at least equal to those required by such state. Any paid up annuity, cash withdrawal or death benefits available under the contract are not less than the minimum benefits required by any statute of the state in which the contract is delivered.

ANNUITY UNIT. An annuity unit is an accounting unit of measure. It is used to calculate the value of annuity payments from the variable account on and after annuitization. Code The Internal Revenue Code of 1986, as amended. Contract Anniversary The same day and month as the contract date each year that the contract remains in force. Contract Date It is the date from which contract anniversaries, contract years, and contract months are determined. Your contract date is shown under Contract Data. Contract Value The sum of the: (1) guarantee period accounts value; and (2) variable account contract value. Fixed Annuity A fixed ▇▇▇▇▇▇▇ ▇▇ ▇▇ annuity with payments which are guaranteed by us as to dollar amount during the annuity payment period. Guarantee Period Accounts These are accounts to which you may allocate purchase payments and contract values. Guarantee Period Accounts have guaranteed interest rates declared periodically. Market Value Adjustment A positive or negative adjustment assessed if any portion of a Guarantee Period Account is withdrawn or transferred prior to the end of its guaranteed period. Nonqualified Contract A contract used primarily for retirement purposes that is not intended to qualify as a qualified plan (such as IRAs, TSAs, or other tax-qualified plans). Retirement Date The date shown under Contract Data on which annuity payments are to begin. This date may be changed as provided in this contract. You will be notified prior to the retirement date in order to select an appropriate annuity payment plan. Valuation Date A valuation date is each day the New York Stock Exchange is open for trading. Valuation Period A valuation period is the interval of time commencing at the close of business on each valuation date and ending at the close of business on the next valuation date. Variable Account Consists of separate subaccounts to which you may allocate purchase payments and contract values; each invests in shares of one fund. The value of your investment in each subaccount changes with the performance of the particular fund. Variable Annuity A variable annuity is an annuity with payments which are not predetermined or guaranteed as to dollar amount and vary in amount with the investment experience of one or more of the variable subaccounts. We, Us, Our American Enterprise Life Insurance Company Written Request A request in writing signed by you and delivered to us at our administrative office. You, Your The owner of this contract. In a nonqualfied contract, the owner may be someone other than the annuitant. The owner is shown in the application unless the owner has been changed as provided in this contract. General Provisions Entire Contract This contract form and any endorsements or riders attached to it are the entire contract between you and us. No one except one of our corporate officers (President, Vice President, Secretary or Assistant Secretary) can change or waive any of our rights or requirements under this contract. That person must do so in writing. None of our other representatives or other persons has the authority to change or waive any of our rights or requirements under this contract. Annuity Tax Qualification This contract is intended to qualify as an annuity contract under Section 72 of the Code for federal income tax purposes. To that end, the provisions of this contract are to be interpreted to ensure or maintain such tax-qualification, notwithstanding any other provisions to the contrary. Contract Modification We reserve the right to modify this contract to the extent necessary to qualify this contract as an annuity contract under Section 72 of the Code and all related laws and regulations which are in effect during the term of this contract We will obtain any necessary approval of any regulatory authority for the modifications. Incontestable This contract is incontestable from its date of issue. Benefits Based on Incorrect Data Payments under the contract will be based on the annuitant's birthdate and sex. If the annuitant's birthdate or sex or your birthdate has been misstated, payments under this contract will be adjusted. They will be based on what would have been provided at the correct birthdate and sex. Any underpayments made by us will be made up immediately. Any overpayments made by us will be subtracted from the future payments. State Laws This contract is governed by the law of the state in which it is delivered. The values and benefits of this contract are at least equal to those required by such state. Any paid up annuity, cash withdrawal or death benefits available under the contract are not less than the minimum benefits required by any statute of the state in which the contract is delivered.

ANNUITY UNIT. An annuity unit is an accounting unit of measure. It is used to calculate the value of annuity payments from the variable account subaccounts on and after annuitization. Code The Internal Revenue Code of 1986, as amended, its regulations thereunder and/or promulgations of the Internal Revenue Service, as applicable. Contract Anniversary The same day and month as the contract date each year that the contract remains in force. Contract Date It is the date from which contract anniversaries, contract years, and contract months are determined. Your contract date is shown under Contract Data. Contract Value The sum of the: the (1) guarantee period accounts valuefixed account contract value (which receives a declared interest rate); and (2) the variable account contract valuevalue (which varies with the investment performance of the elected subaccounts) for this contract. Fixed Account The Fixed Account is made up of all our assets other than those in any separate account. Fixed Annuity A fixed ▇▇▇▇▇annui▇▇ ▇▇ ▇▇ annuity ▇▇▇▇ity with payments which are guaranteed by us as to dollar amount during the annuity payment period. Guarantee Period Accounts These are accounts to which you may allocate purchase payments and contract values. Guarantee Period Accounts have guaranteed interest rates declared periodically. Market Value Adjustment A positive or negative adjustment assessed if any portion of a Guarantee Period Account is withdrawn or transferred prior to the end of its guaranteed period. Nonqualified Contract A contract used primarily for retirement purposes that is not intended to qualify as a qualified plan (such as IRAs, TSAs, or other tax-qualified plans). Retirement Date The date shown under Contract Data on which annuity payments are scheduled to begin. This date may be changed as provided in this contract. You will be notified prior to the retirement date in order to select an appropriate annuity payment plan. Valuation Date A valuation date is each day the New York Stock Exchange is open for trading. Valuation Period A valuation period is the interval of time commencing at the close of business on each valuation date and ending at the close of business on the next valuation date. Variable Account Consists of separate subaccounts to which you may allocate purchase payments and contract values; each invests in shares of one fund. The value of your investment in each subaccount changes with the performance of the particular fund. The subaccounts available on the contract date are named under Contract Data. Variable Annuity A variable annuity is an annuity with payments which are not predetermined or guaranteed as to dollar amount amounts and vary in amount with the investment experience of one or more of the variable subaccounts. We, UsOur, Our Us American Enterprise Centurion Life Insurance Company Assurance Company. Written Request A request in writing signed by you and delivered to us at our administrative home office. You, Your The owner of this contract. In a nonqualfied contract, the The owner may be someone other than the annuitant. The owner is shown in the application unless the owner has been changed as provided in this contract.