Common use of Change of Contract Clause in Contracts

Change of Contract. The Company reserves the right to make any change to the provisions of the Contract to comply with or give the Participant the benefit of any federal or state statute, rule or regulation. This includes, but is not limited to, requirements for annuity contracts under the Internal Revenue Code or the laws of any state. The Company will provide the Owner with a copy of any such change and will also file such a change with the insurance regulatory officials of the state in which the Contract is delivered. In addition, upon at least 30 days written notice to the Owner, the Company may make other changes to this Contract that will apply only to individuals who become Participants after the effective date of such change. All such changes will be subject to any applicable regulatory requirements. FUTURE PARTICIPANTS The Company may in its discretion curtail or prohibit new Participants under the Contract upon written notice to the Owner. MISSTATEMENT OF AGE OR SEX If the age or sex of the Participant has been misstated, payments shall be adjusted, when allowed by law, to the amount which would have been provided for the correct age or sex. Proof of the age of the Participant may be required at any time, in a form suitable to the Company. If payments have already commenced and the misstatement has caused an underpayment, the full amount due will be paid with the next scheduled payment. If the misstatement has caused an overpayment, the amount due will be deducted from one or more future payments. EVIDENCE OF SURVIVAL When any payments under this Contract depend on the payee being alive on a given date, proof that the payee is living may be required by the Company. Such proof must be in a form accepted by the Company, and may be required prior to making the payments. ASSIGNMENT This Contract cannot be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation. The benefits, values, and rights under the Contract are not subject to any creditor claims to the fullest extent permitted by law. The Contract and its rights cannot be transferred to anyone other than the Company, except as provided under the Plan or under a domestic relations order properly issued by a court of competent jurisdiction and that complies with ERISA, if applicable. To the extent permitted by the Internal Revenue Code and applicable law, the Company will make a Full or Partial Withdrawal payable to a third party upon the Participant's request. -7- BP 6023D1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- TRANSFERS The Participant may Transfer Contract Value among the General Account and Series subject to the following. The Participant may make only 14 transfers per Contract Year. Transfers are not allowed within 30 days of the Annuity Commencement Date. Automatic Transfers are not included in the 14 transfers allowed per Contract Year. After the Annuity Commencement Date, for Annuity Options 1 through 4, 7 and 8, the Participant may Transfer Contract Value only among Series. The Company reserves the right to: (1) limit the amount that may be subject to Transfer; (2) waive or limit the number of Transfers allowed each Contract Year; and (3) suspend Transfers. Transfers must be at least $500.00 or, if less, the remaining balance in the General Account or a Series. The total dollar amount that may be Transferred from the General Account in a Contract Year is limited to the greatest of:

Change of Contract. The Company reserves the right to make any change to the provisions of the Contract to comply with or give the Participant the benefit of any federal or state statute, rule or regulation. This includes, but is not limited to, requirements for annuity contracts under the Internal Revenue Code or the laws of any state. The Company will provide the Owner with a copy of any such change and will also file such a change with the insurance regulatory officials of the state in which the Contract is delivered. In addition, upon at least 30 days written notice to the Owner, the Company may make other changes to this Contract that will apply only to individuals who become Participants after the effective date of such change. All such changes will be subject to any applicable regulatory requirements. FUTURE PARTICIPANTS The Company may in its discretion curtail or prohibit new Participants under the Contract upon written notice to the Owner. MISSTATEMENT OF AGE OR SEX If the age or sex of the Participant has been misstated, payments shall be adjusted, when allowed by law, to the amount which would have been provided for the correct age or sexage. Proof of the age of the Participant may be required at any time, in a form suitable to the Company. If payments have already commenced and the misstatement has caused an underpayment, the full amount due will be paid with the next scheduled payment. If the misstatement has caused an overpayment, the amount due will be deducted from one or more future payments. EVIDENCE OF SURVIVAL When any payments under this the Contract depend on the payee being alive on a given date, proof that the payee is living may be required by the Company. Such proof must be in a form accepted by the Company, and may . The Company will have the right to make reduced payments or withhold payments entirely until such proof is received. INCONTESTABILITY The Contract will not be required prior to making contested after it has been in force for two years from the paymentsContract Date during the life of the Participant. -7- BP 630BB1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- ASSIGNMENT This The Contract cannot be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation. The benefits, values, and rights under the Contract are not subject to any creditor claims to the fullest extent permitted by law. The Contract and its rights cannot be transferred to anyone other than the Company, except as provided under the Plan or under a domestic relations order properly issued by a court of competent jurisdiction and that complies with ERISA, if applicable. To the extent permitted by the Internal Revenue Code and applicable law, the Company will make a Full or Partial Withdrawal payable to a third party upon the Participant's request. -7- BP 6023D1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- TRANSFERS The Participant may Transfer Contract Value among the General Account options and Series subject to the following. The Participant may make only 14 transfers Transfers per Contract Year. Transfers are not allowed within 30 days of the Annuity Commencement Date. Automatic Transfers are not included in the 14 transfers Transfers allowed per Contract Year. After the Annuity Commencement Date, for Annuity Options 1 through 4, 7 and 8, the Participant Owner may Transfer Contract Value only among Series. The Company reserves With respect to the right to: (1) limit DCA Plus Account, Transfers are allowed from that Account only to the amount that may be subject to Transfer; (2) waive Series and Transfers are not allowed from any Series or limit the number of Transfers allowed each Contract Year; and (3) suspend Transfers. Transfers must be at least $500.00 or, if less, the remaining balance in the Traditional General Account or a Series. The total dollar amount that may be Transferred from the General Account in a Contract Year is limited to the greatest of:DCA Plus Account.

Change of Contract. The Company reserves the right to make any change to the provisions of the Contract to comply with or give the Participant the benefit of any federal or state statute, rule or regulation. This includes, but is not limited to, requirements for annuity contracts under the Internal Revenue Code or the laws of any state. The Company will provide the Owner with a copy of any such change and will also file such a change with the insurance regulatory officials of the state in which the Contract is delivered. In addition, upon at least 30 days written notice to the Owner, the Company may make other changes to this Contract that will apply only to individuals who become Participants after the effective date of such change. All such changes will be subject to any applicable regulatory requirements. FUTURE PARTICIPANTS The Company may in its discretion curtail or prohibit new Participants under the Contract upon written notice to the Owner. MISSTATEMENT OF AGE OR SEX If the age or sex of the Participant has been misstated, payments shall be adjusted, when allowed by law, to the amount which would have been provided for the correct age or sex. Proof of the age of the Participant may be required at any time, in a form suitable to the Company. If payments have already commenced and the misstatement has caused an underpayment, the full amount due will be paid with the next scheduled payment. If the misstatement has caused an overpayment, the amount due will be deducted from one or more future payments. EVIDENCE OF SURVIVAL When any payments under this the Contract depend on the payee being alive on a given date, proof that the payee is living may be required by the Company. Such proof must be in a form accepted by the Company, and may . The Company will have the right to make reduced payments or withhold payments entirely until such proof is received. INCONTESTABILITY The Contract will not be required prior to making contested after it has been in force for two years from the paymentsContract Date during the life of the Participant. -7- BP 630AA1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- ASSIGNMENT This The Contract cannot be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation. The benefits, values, and rights under the Contract are not subject to any creditor claims to the fullest extent permitted by law. The Contract and its rights cannot be transferred to anyone other than the Company, except as provided under the Plan or under a domestic relations order properly issued by a court of competent jurisdiction and that complies with ERISA, if applicable. To the extent permitted by the Internal Revenue Code and applicable law, the Company will make a Full or Partial Withdrawal payable to a third party upon the Participant's request. -7- BP 6023D1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- TRANSFERS The Participant may Transfer Contract Value among the General Account options and Series subject to the following. The Participant may make only 14 transfers Transfers per Contract Year. Transfers are not allowed within 30 days of the Annuity Commencement Date. Automatic Transfers are not included in the 14 transfers Transfers allowed per Contract Year. After the Annuity Commencement Date, for Annuity Options 1 through 4, 7 and 8, the Participant Owner may Transfer Contract Value only among Series. The Company reserves With respect to the right to: (1) limit DCA Plus Account, Transfers are allowed from that Account only to the amount that may be subject to Transfer; (2) waive Series and Transfers are not allowed from any Series or limit the number of Transfers allowed each Contract Year; and (3) suspend Transfers. Transfers must be at least $500.00 or, if less, the remaining balance in the Traditional General Account or a Series. The total dollar amount that may be Transferred from the General Account in a Contract Year is limited to the greatest of:DCA Plus Account.

Change of Contract. The Company reserves Any addition or change made to this Contract shall take effect only when such change has been executed by the right to make any change authorized representatives of each Party. If IBS deems necessary for the purposes of the RISP project, the IBS may issue a work order to the provisions Contractor in advance, for all or part of the work, before this Contract to comply with or give the Participant the benefit of any federal or state statute, rule or regulation. This includes, but is not limited to, requirements for annuity contracts under the Internal Revenue Code or the laws of any statetakes effect. The Company will provide Contractor shall commence the Owner with work after receiving the work order from the IBS, unless there is a copy special reason for not doing so. In the event that the IBS issues the work order, except in the case of any such change and will also file such a change with special circumstances, all conditions of this Contract shall apply to the insurance regulatory officials work within the scope of the state in which work order, and such work shall be deemed to have been performed under this Contract, on the condition that this Contract is deliveredthen effective. In addition, upon at least 30 days The IBS may change the work by giving written notice to the OwnerContractor, and the Contractor shall perform the changed work accordingly. In the event that change of this Contract is required due to a change in the nature of the work, the Company Parties may make other changes to change this Contract by mutual agreement. In the event that will apply only the Contractor needs to individuals who become Participants after change this Contract due to an order for a change of work as issued by the effective date IBS, the Contractor shall notify the IBS of such changethe necessity to change this Contract, and submit a written proposal for the change of work within 30 days from the Contractor’s receipt of the notification from the IBS. All such changes will be subject The Contractor shall perform the changed work upon change of the contract or at the time as mutually agreed between the Parties; provided, however, that in the event that the IBS urgently requests a change of work due to any applicable regulatory requirements. FUTURE PARTICIPANTS The Company may in its discretion curtail or prohibit new Participants under the Contract upon written notice urgent matters pertaining to the OwnerRISP project, the Contractor shall perform the changed work immediately even before the change of this Contract. MISSTATEMENT OF AGE OR SEX If the age or sex The Contractor may issue a request for a change of work, including improvement of the Participant has been misstated, payments shall be adjusted, when allowed by lawspecifications, to the amount which would have been provided for IBS. The Contractor shall provide the correct age or sexIBS the necessary data and information to review such request. Proof In the event that the IBS approves the change of the age of the Participant may be required at any time, in a form suitable to the Company. If payments have already commenced and the misstatement has caused an underpaymentwork, the full amount due will be paid with Contractor shall perform the next scheduled payment. If the misstatement has caused an overpaymentapproved work and, the amount due will be deducted from one or more future payments. EVIDENCE OF SURVIVAL When any payments under if necessary, this Contract depend on the payee being alive on a given date, proof that the payee is living may can be required by the Company. Such proof must be in a form accepted by the Company, and may be required prior to making the payments. ASSIGNMENT This Contract cannot be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation. The benefits, values, and rights under the Contract are not subject to any creditor claims to the fullest extent permitted by law. The Contract and its rights cannot be transferred to anyone other than the Company, except as provided under the Plan or under a domestic relations order properly issued by a court of competent jurisdiction and that complies with ERISA, if applicable. To the extent permitted by the Internal Revenue Code and applicable law, the Company will make a Full or Partial Withdrawal payable to a third party upon the Participant's request. -7- BP 6023D1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- TRANSFERS The Participant may Transfer Contract Value among the General Account and Series subject to the following. The Participant may make only 14 transfers per Contract Year. Transfers are not allowed within 30 days of the Annuity Commencement Date. Automatic Transfers are not included in the 14 transfers allowed per Contract Year. After the Annuity Commencement Date, for Annuity Options 1 through 4, 7 and 8, the Participant may Transfer Contract Value only among Series. The Company reserves the right to: (1) limit the amount that may be subject to Transfer; (2) waive or limit the number of Transfers allowed each Contract Year; and (3) suspend Transfers. Transfers must be at least $500.00 or, if less, the remaining balance in the General Account or a Series. The total dollar amount that may be Transferred from the General Account in a Contract Year is limited to the greatest of:changed.

Change of Contract. The Company reserves the right to make any change to the provisions of the Contract to comply with or give the Participant the benefit of any federal or state statute, rule or regulation. This includes, but is not limited to, requirements for annuity contracts under the Internal Revenue Code or the laws of any state. The Company will provide the Owner with a copy of any such change and will also file such a change with the insurance regulatory officials of the state in which the Contract is delivered. In addition, upon at least 30 days written notice to the Owner, the Company may make other changes to this Contract that will apply only to individuals who become Participants after the effective date of such change. All such changes will be subject to any applicable regulatory requirements. FUTURE PARTICIPANTS The Company may in its discretion curtail or prohibit new Participants under the Contract upon written notice to the Owner. MISSTATEMENT OF AGE OR SEX If the age or sex of the Participant has been misstated, payments shall be adjusted, when allowed by law, to the amount which would have been provided for the correct age or sexage. Proof of the age of the Participant may be required at any time, in a form suitable to the Company. If payments have already commenced and the misstatement has caused an underpayment, the full amount due will be paid with the next scheduled payment. If the misstatement has caused an overpayment, the amount due will be deducted from one or more future payments. EVIDENCE OF SURVIVAL When any payments under this Contract depend on the payee being alive on a given date, proof that the payee is living may be required by the Company. Such proof must be in a form accepted by the Company, and may be required prior to making the payments. ASSIGNMENT This Contract cannot be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation. The benefits, values, and rights under the Contract are not subject to any creditor claims to the fullest extent permitted by law. The Contract and its rights cannot be transferred to anyone other than the Company, except as provided under the Plan or under a domestic relations order properly issued by a court of competent jurisdiction and that complies with ERISA, if applicable. To the extent permitted by the Internal Revenue Code and applicable law, the Company will make a Full or Partial Withdrawal payable to a third party upon the Participant's request. -7- BP 6023D1 6023R1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- TRANSFERS The Participant may Transfer Contract Value among the General Account and Series subject to the following. The Participant may make only 14 transfers per Contract Year. Transfers are not allowed within 30 days of the Annuity Commencement Date. Automatic Transfers are not included in the 14 transfers allowed per Contract Year. After the Annuity Commencement Date, for Annuity Options 1 through 4, 7 and 8, the Participant may Transfer Contract Value only among Series. The Company reserves the right to: (1) limit the amount that may be subject to Transfer; (2) waive or limit the number of Transfers allowed each Contract Year; and (3) suspend Transfers. Transfers must be at least $500.00 or, if less, the remaining balance in the General Account or a Series. The total dollar amount that may be Transferred from the General Account in a Contract Year is limited to the greatest of: