Common use of Death of Co-Annuitant Clause in Contracts

Death of Co-Annuitant. If the Co-Annuitant dies prior to the Payout Start Date, then subject to the following conditions, the Contract will be continued according to Option D under the Death of Owner provision of your Contract: o The Co-Annuitant must have been your legal spouse on the date of his or her death; and o Option D of the Death of Owner provision of your Contract has not been previously exercised. The Contract may only be continued once under Option D of the Death of Owner provision. The Spousal Protection Benefit Rider will terminate and the corresponding Mortality and Expense Risk Charge for this rider will cease as of the date we determine the Death Proceeds.

Death of Co-Annuitant. If the Co-Annuitant dies prior to the Payout Start Date, then subject to the following conditions, the Contract will be continued according to Option D under the Death of Owner provision of your Contract: o * The Co-Annuitant must have been your legal spouse on the date of his or her death; and o * Option D of the Death of Owner provision of your Contract has not been previously exercised. The Contract may only be continued once under Option D of the Death of Owner provision. The Spousal Protection Benefit Rider will terminate and the corresponding Mortality and Expense Risk Charge for this rider will cease as of the date we determine the Death Proceeds.