Common use of Automatic Rebalancing Clause in Contracts

Automatic Rebalancing. The Owner may select automatic rebalancing on the Application or at a later date. This feature allows the Company to automatically rebalance the 03017N current proportional value of the Net Single Premium Payment allocated to each variable investment option under this Contract to correspond with allocation designated on the Application, or as later changed by the Owner. Automatic rebalancing does not guarantee gains, nor does it assure that there will not be investment losses. During automatic rebalancing the Company will take assets from the better performing Divisions and reallocate them to the lesser performing Divisions. Automatic rebalancing of the Separate Account Divisions can occur quarterly, semi-annually or annually on the Contract Date anniversary, the automatic rebalancing date. Annuity Income Units for automatic rebalancing will generally be priced as of the date of the transaction. However, if the scheduled date of the transfer falls on a non-Valuation Date, it will be priced as of the preceeding Valuation Date. The Company reserves the right to discontinue offering automatic rebalancing at any time. Certain restrictions may apply based upon the Payout Option selected, the amount of the Net Single Premium Payment, and the frequency of payments. [X] Note: Automatic rebalancing will continue until the Company is notified by the Owner that it is to be discontinued. Notification must be received at least five (5) business days prior to the next automatic rebalancing date.

Automatic Rebalancing. The Owner may select automatic rebalancing on the Application or at a later date. This feature allows the Company to automatically rebalance the 03017N current proportional value of the Net Single Premium Payment allocated to each variable investment option under this Contract to correspond with allocation designated on the Application, or as later changed by the Owner. Automatic rebalancing does not guarantee gains, nor does it assure that there will not be investment losses. During automatic rebalancing the Company will take assets from the better performing Divisions and reallocate them to the lesser performing Divisions. Automatic rebalancing of the Separate Account Divisions can occur quarterly, semi-annually or annually on the Contract Date anniversary, the automatic rebalancing date. Annuity Income Units for automatic rebalancing will generally be priced as of the date of the transaction. However, if the scheduled date of the transfer falls on a non-Valuation Date, it will be priced as of the preceeding preceding Valuation Date. 03017N 13 The Company reserves the right to discontinue offering automatic rebalancing at any time. Certain restrictions may apply based upon the Payout Option selected, the amount of the Net Single Premium Payment, and the frequency of payments. [X] Note: Automatic rebalancing will continue until the Company is notified by the Owner that it is to be discontinued. Notification must be received at least five (5) business days prior to the next automatic rebalancing date.