Common use of ENTIRE CONTRACT; CHANGES Clause in Contracts

ENTIRE CONTRACT; CHANGES. This Contract is issued in consideration of the application (including any application supplements) and the initial Purchase Payment. This Contract, together with any amendments, endorsements, riders and additional benefits and the attached application, is the entire Contract. Statements in the application are representations and not warranties. This Contract may be changed or interpreted by the Company to maintain compliance with applicable state and federal law, to assure continued qualification of the Contract under federal tax laws, or to reflect a change in the operation of the Separate Account that does not adversely affect the rights of the Contract Owner. A change in the terms of, or a waiver of the Company’s rights under, the Contract is valid only if it is approved in writing by an officer of the Company. The Company may require that the Contract be sent to it for endorsement to show a change or waiver. No agent has the authority to change the Contract or to waive the Company’s rights thereunder. All payments by the Company under this Contract are payable at its Home Office. Assets of the Separate Account are owned by the Company and the Company is not a trustee with respect thereto. The Company may from time to time adjust the amount of assets contained in the Separate Account, by periodic withdrawals or additions, to reflect the Contract deductions and the Company’s reserves for this and other similar contracts. This Contract is subject to the laws of the state in which it is delivered. All benefits are at least as great as those required by that state.