Common use of Application of Contract Clause in Contracts

Application of Contract. VALUE Unless directed otherwise, We will apply the fixed account value to provide a fixed annuity, and the Variable Account value to provide a variable annuity. You must tell Us In Writing at least 30 days prior to the annuity commencement date if You want Us to apply fixed and Variable Account values in different proportions. ANNUITY COMMENCEMENT DATE The annuity commencement date is selected by You and stated in the Application. You may change the annuity commencement date at any time if We receive Written notice at least 30 days before both the current annuity commencement date and the new annuity commencement date. If the annuity commencement date does not occur on a Valuation Date that is at least two years after the Contract Issue Date, We reserve the right to change the annuity commencement date to the first Valuation Date that is at least two years after the Contract Issue Date. FREQUENCY AND AMOUNT OF PAYMENTS Annuity payments will be made monthly unless We agree to a different payment schedule. We reserve the right to change the frequency of either a fixed annuity payment or a variable annuity payment so that each payment will be at least $50 ($20 in Texas). FIXED ANNUITY PAYMENTS Fixed annuity payments start on the end of the Valuation Period that contains the annuity commencement date. The amount of a first monthly payment for the annuity form selected will be at least as favorable as that produced by the annuity tables of this contract for each $1,000 of Contract Value applied as of the end of such Valuation Period. The dollar amount of any payments after the first payment are specified during the entire period of annuity payments, according to the provisions of the annuity form selected. VARIABLE ANNUITY PAYMENTS ANNUITY UNITS We convert the Subaccount Accumulation Units into Subaccount Annuity Units at the values determined at the end of the Valuation Period which contains the annuity commencement date. The number of Subaccount Accumulation Units remains constant as long as an annuity remains in force and allocation among the Subaccounts has not changed. Each Subaccount Annuity Unit value was arbitrarily set when the Subaccount first converted Subaccount Accumulation Units into Annuity Units. Subsequent values on any Valuation Date are equal to the previous Subaccount Annuity Unit value times the Net investment factor for that Subaccount for the Valuation Period ending on that Valuation Date, with an offset for the 3% assumed interest rate used in the annuity tables of this contract. Variable annuity payments start on the end of the Valuation Period that contains the annuity commencement date. The amount of a first monthly payment for the illustrated annuity forms is shown on the annuity tables of this contract for each $1,000 of Contract Value applied as of the end of such Valuation Period. Payments after the first payment will vary in amount and are determined on the first Valuation Date of each subsequent payment period. If the payment under the annuity form selected is based on the variable Annuity Unit value of a single Subaccount, the payment is found by multiplying the Subaccount Annuity Unit value on the payment date by the number of Subaccount Annuity Units. If the payment under the annuity form selected is based upon variable Annuity Unit values of more than one Subaccount, the above procedure is repeated for each applicable Subaccount. The sum of these payments is the variable annuity payment. We guarantee that the amount of each payment after the first payment will not be affected by variations in expense or mortality experience. OPTIONAL ANNUITY FORMS You may select an annuity form or change a previous selection. The selection or change must be In Writing and received by Us at least 30 days before the annuity commencement date. If no annuity form selection is in effect on the annuity commencement date, We automatically apply Option B, with payments guaranteed for 10 years. The following options are available for the fixed annuity payments and the variable annuity payments:

Application of Contract. VALUE Unless directed otherwise, We will apply the fixed account value to provide a fixed annuity, and the Variable Account value to provide a variable annuity. You must tell Us In Writing at least 30 days prior to the annuity commencement date if You want Us to apply fixed and Variable Account values in different proportions. ANNUITY COMMENCEMENT DATE The annuity commencement date is selected by You and stated in the Application. You may change the annuity commencement date at any time if We receive Written notice at least 30 days before both the current annuity commencement date and the new annuity commencement date. If the annuity commencement date does not occur on a Valuation Date that is at least two years after the Contract Issue Date, We reserve the right to change the annuity commencement date to the first Valuation Date that is at least two years after the Contract Issue Date. FREQUENCY AND AMOUNT OF PAYMENTS Annuity payments will be made monthly unless We agree to a different payment schedule. We reserve the right to change the frequency of either a fixed annuity payment or a variable annuity payment so that each payment will be at least $50 ($20 in Texas). FIXED ANNUITY PAYMENTS Fixed annuity payments start on the end of the Valuation Period that contains the annuity commencement date. The amount of a first monthly payment for the annuity form selected will be at least as favorable as that produced by the annuity tables of this contract for each $1,000 of Contract Value applied as of the end of such Valuation Period. The dollar amount of any payments after the first payment are specified during the entire period of annuity payments, according to the provisions of the annuity form selected. VARIABLE ANNUITY PAYMENTS ANNUITY UNITS We convert the Subaccount Accumulation Units into Subaccount Annuity Units at the values determined at the end of the Valuation Period which contains the annuity commencement date. The number of Subaccount Accumulation Units remains constant as long as an annuity remains in force and allocation among the Subaccounts has not changed. Each Subaccount Annuity Unit value was arbitrarily set when the Subaccount first converted Subaccount Accumulation Units into Annuity Units. Subsequent values on any Valuation Date are equal to the previous Subaccount Annuity Unit value times the Net investment factor for that Subaccount for the Valuation Period ending on that Valuation Date, with an offset for the 3% assumed interest rate used in the annuity tables of this contract. Variable annuity payments start on the end of the Valuation Period that contains the annuity commencement date. The amount of a first monthly payment for the illustrated illlustrated annuity forms is shown on the annuity tables of this contract for each $1,000 of Contract Value applied as of the end of such Valuation Period. Payments after the first payment will vary in amount and are determined on the first Valuation Date of each subsequent payment period. If the payment under the annuity form selected is based on the variable Annuity Unit annuity unit value of a single Subaccount, the payment is found by multiplying the Subaccount Annuity Unit value on the payment date by the number of Subaccount Annuity Units. If the payment under the annuity form selected is based upon variable Annuity Unit values of more than one Subaccount, the above procedure is repeated for each applicable Subaccount. The sum of these payments is the variable annuity payment. We guarantee that the amount of each payment after the first payment will not be affected by variations in expense or mortality experience. OPTIONAL ANNUITY FORMS You may select an annuity form or change a previous selection. The selection or change must be In Writing and received by Us at least 30 days before the annuity commencement date. If no annuity form selection is in effect on the annuity commencement date, We automatically apply Option B, with payments guaranteed for 10 years. The following options are available for the fixed annuity payments and the variable annuity payments:.

Application of Contract. VALUE Unless directed otherwise, We will apply the fixed account value to provide a fixed annuity, and the Variable Account value to provide a variable annuity. You must tell Us In Writing at least 30 days prior to the annuity commencement date if You want Us to apply fixed and Variable Account values in different proportions. ANNUITY COMMENCEMENT DATE The annuity commencement date is selected by You and stated in the Application. You may change the annuity commencement date at any time if We receive Written notice at least 30 days before both the current annuity commencement date and the new annuity commencement date. If the annuity commencement date does not occur on a Valuation Date that is at least two years after the Contract Issue Date, We reserve the right to change the annuity commencement date to the first Valuation Date that is at least two years after the Contract Issue Date. FREQUENCY AND AMOUNT OF PAYMENTS Annuity payments will be made monthly unless We agree to a different payment schedule. We reserve the right to change the frequency of either a fixed annuity payment or a variable annuity payment so that each payment will be at least $50 ($20 in Texas). FIXED ANNUITY PAYMENTS Fixed annuity payments start on the end of the Valuation Period that contains the annuity commencement date. The amount of a first monthly payment for the illustrated annuity form selected forms will be at least as favorable as that produced by the annuity tables of this contract for each $1,000 of Contract Value applied as of the end of such Valuation Period. The dollar amount of any payments after the first payment are specified during the entire period of annuity payments, according to the provisions of the annuity form selected. VARIABLE ANNUITY PAYMENTS ANNUITY UNITS We convert the Subaccount Accumulation Units into Subaccount Annuity Units at the values determined at the end of the Valuation Period which contains the annuity commencement date. The number of Subaccount Accumulation Units remains constant as long as an annuity remains in force and allocation among the Subaccounts has not changed. Each Subaccount Annuity Unit value was arbitrarily set when the Subaccount first converted Subaccount Accumulation Units into Annuity Units. Subsequent values on any Valuation Date are equal to the previous Subaccount Annuity Unit value times the Net net investment factor for that Subaccount for the Valuation Period ending on that Valuation Date, with an offset for the 3% assumed interest rate used in the annuity tables of this contract. Variable annuity payments start on the end of the Valuation Period that contains the annuity commencement date. The amount of a first monthly payment for the illustrated illlustrated annuity forms is shown on in the annuity tables of this contract for each $1,000 of Contract Value applied as of the end of such Valuation Period. Payments after the first payment will vary in amount and are determined on the first Valuation Date of each subsequent payment period. If the payment under the annuity form selected is based on the variable Annuity Unit value of a single Subaccount, the payment is found by multiplying the Subaccount Annuity Unit value on the payment date by the number of Subaccount Annuity Units. If the payment under the annuity form selected is based upon variable Annuity Unit values of more than one Subaccount, the above procedure is repeated for each applicable Subaccount. The sum of these payments is the variable annuity payment. We guarantee that the amount of each payment after the first payment will not be affected by variations in expense or mortality experience. OPTIONAL ANNUITY FORMS You may select an annuity form or change a previous selection. The selection or change must be In Writing and received by Us at least 30 days before the annuity commencement date. If no annuity form selection is in effect on the annuity commencement date, We automatically apply Option B, with payments guaranteed for 10 years. The following options are available for the fixed annuity payments and the variable annuity payments:

Application of Contract. VALUE Unless directed otherwise, We will apply the fixed account Fixed Account value adjusted by the Market Value Adjustment, to provide a fixed annuityFixed Annuity, and the Variable Account value to provide a variable annuityVariable Annuity. You must tell Us In Writing at least 30 days prior to the annuity commencement date if You want Us to apply fixed Fixed and Variable Account values in different proportions. ANNUITY COMMENCEMENT DATE The annuity commencement date is selected by You and stated in the Application. The date must be before the Annuitant's 75th birthday unless We agree to it. You may change the annuity commencement date at any time if We receive Written notice at least 30 days before both the current annuity commencement date and the new annuity commencement date. The Annuity Commencement Date cannot be later than the Annuitant's 90th birthday. If the annuity commencement date does not occur on a Valuation Date that is at least two 2 years after the Contract Issue Date, We reserve the right to change the annuity commencement date to the first Valuation Date that is at least two 2 years after the Contract Issue Date. FREQUENCY AND AMOUNT OF PAYMENTS Annuity payments will be made monthly unless We agree to a different payment schedule. We reserve the right to change the frequency of either a fixed annuity Fixed Annuity payment or a variable annuity Variable Annuity payment so that each payment will be at least $50 ($20 in Texas)50. FIXED ANNUITY PAYMENTS Fixed annuity Annuity payments start on the end of the Valuation Period that contains the annuity commencement date. The amount of a the first monthly payment for the annuity form selected will be at least as favorable as that produced by the annuity tables of this contract Contract for each $1,000 of Contract Value adjusted by the Market Value Adjustment, applied as of the end of such Valuation Period. We may, as of the annuity commencement date, offer for sale single premium immediate annuity contracts. If so, the annuity benefits available under this contract will be at least as favorable as the benefit available by using the Contract Value, adjusted by the Market Value Adjustment, to purchase one of our single premium immediate annuities. The dollar amount of any payments after the first payment are specified during the entire period of annuity payments, according to the provisions of the annuity form selected. VARIABLE ANNUITY PAYMENTS ANNUITY UNITS We convert the Subaccount Accumulation Units into Subaccount Annuity Units at the values determined at the end of the Valuation Period which contains the annuity commencement date. The number of Subaccount Accumulation Units remains constant as long as an annuity remains in force and allocation among the Subaccounts has not changed. Each Subaccount Annuity Unit value Value was arbitrarily set when the Subaccount first converted Subaccount Accumulation Units into Annuity Units. Subsequent values on any Valuation Date are equal to the previous Subaccount Annuity Unit value Value times the Net investment factor Investment Factor for that Subaccount for the Valuation Period ending on that Valuation Date, with an offset for the 3% assumed interest rate used in the annuity tables of this contractContract. Variable annuity Annuity payments start on the end of the Valuation Period that contains the annuity commencement date. The amount of a the first monthly payment for the illustrated annuity forms form selected, is shown on the annuity tables of this contract Contract for each $1,000 of Contract Value applied as of the end of such Valuation Period. Payments after the first payment will vary in amount and are determined on the first Valuation Date of each subsequent payment monthly period. If the monthly payment under the annuity form selected is based on the variable Annuity Unit annuity unit value of a single Subaccount, the monthly payment is found by multiplying the Subaccount Annuity Unit unit value on the payment date by the number of Subaccount Annuity Units. If the monthly payment under the annuity form selected is based upon variable Annuity Unit values of more than one Subaccount, the above procedure is repeated for each applicable Subaccount. The sum of these payments is the variable annuity payment. We guarantee that the amount of each payment after the first payment will not be affected by variations in expense or mortality experience. OPTIONAL ANNUITY FORMS You may select an annuity form or change a previous selection. The selection or change must be In Writing and received by Us at least 30 days before the annuity commencement date. If no annuity form selection is in effect on the annuity commencement date, We automatically apply Option B, with payments guaranteed for 10 years. The following options are available for the fixed annuity Fixed Annuity payments and the variable annuity Variable Annuity payments:

Application of Contract. VALUE Unless directed otherwise, We will apply the fixed account value adjusted by the Market Value Adjustment, to provide a fixed annuityFixed Annuity, and the Variable Account value to provide a variable annuityVariable Annuity. You must tell Us In Writing at least 30 days prior to the annuity commencement date if You want Us to apply fixed Fixed and Variable Account values in different proportions. ANNUITY COMMENCEMENT DATE The annuity commencement date is selected by You and stated in the Application. The date must be before the Annuitant's 75th birthday unless We agree to it. You may change the annuity commencement date at any time if We receive Written notice at least 30 days before both the current annuity commencement date and the new annuity commencement date. The Annuity Commencement Date cannot be later than the Annuitant's 85th birthday. If the annuity commencement date does not occur on a Valuation Date that is at least two 2 years after the Contract Issue Date, We reserve the right to change the annuity commencement date to the first Valuation Date that is at least two 2 years after the Contract Issue Date. FREQUENCY AND AMOUNT OF PAYMENTS Annuity payments will be made monthly unless We agree to a different payment schedule. We reserve the right to change the frequency of either a fixed annuity Fixed Annuity payment or a variable annuity Variable Annuity payment so that each payment will be at least $50 ($20 in Texas)50. FIXED ANNUITY PAYMENTS Fixed annuity Annuity payments start on the end of the Valuation Period that contains the annuity commencement date. The amount of a the first monthly payment for the annuity form selected will be at least as favorable as that produced by the annuity tables of this contract Contract for each $1,000 of Contract Value adjusted by the Market Value Adjustment, applied as of the end of such Valuation Period. We may, as of the annuity commencement date, offer for sale single premium immediate annuity contracts. If so, the annuity benefits available under this contract will be at least as favorable as the benefit available by using the Contract Value, adjusted by the Market Value Adjustment, to purchase one of our single premium immediate annuities. The dollar amount of any payments after the first payment are specified during the entire period of annuity payments, according to the provisions of the annuity form selected. VARIABLE ANNUITY PAYMENTS ANNUITY UNITS We convert the Subaccount Accumulation Units into Subaccount Annuity Units at the values determined at the end of the Valuation Period which contains the annuity commencement date. The number of Subaccount Accumulation Units remains constant as long as an annuity remains in force and allocation among the Subaccounts has not changed. Each Subaccount Annuity Unit value Value was arbitrarily set when the Subaccount first converted Subaccount Accumulation Units into Annuity Units. Subsequent values on any Valuation Date are equal to the previous Subaccount Annuity Unit value Value times the Net investment factor Investment Factor for that Subaccount for the Valuation Period ending on that Valuation Date, with an offset for the 34% assumed interest rate used in the annuity tables of this contractContract. Variable annuity Annuity payments start on the end of the Valuation Period that contains the annuity commencement date. The amount of a the first monthly payment for the illustrated annuity forms form selected, is shown on the annuity tables of this contract Contract for each $1,000 of Contract Value applied as of the end of such Valuation Period. Payments after the first payment will vary in amount and are determined on the first Valuation Date of each subsequent payment monthly period. If the monthly payment under the annuity form selected is based on the variable Annuity Unit annuity unit value of a single Subaccount, the monthly payment is found by multiplying the Subaccount Annuity Unit unit value on the payment date by the number of Subaccount Annuity Units. If the monthly payment under the annuity form selected is based upon variable Annuity Unit annuity unit values of more than one Subaccount, the above procedure is repeated for each applicable Subaccount. The sum of these payments is the variable annuity payment. We guarantee that the amount of each payment after the first payment will not be affected by variations in expense or mortality experience. OPTIONAL ANNUITY FORMS You may select an annuity form or change a previous selection. The selection or change must be In Writing and received by Us at least 30 days before the annuity commencement date. If no annuity form selection is in effect on the annuity commencement date, We automatically apply Option B, with payments guaranteed for 10 years. The following options are available for the fixed annuity Fixed Annuity payments and the variable annuity Variable Annuity payments: