Common use of FIXED ACCOUNT Clause in Contracts

FIXED ACCOUNT. The Fixed Account is divided into Sub-accounts. A Sub-account is identified by the Guarantee Period and the date the Guarantee Period begins. You create a Sub-account when: / / you make a purchase payment; or / / you select a new Guarantee Period after the prior Sub-account expires; or / / you transfer an amount from an existing Sub-account of the Variable Account or the Fixed Account. A Sub-account continues until the end of the Guarantee Period. You must select the Guarantee Period for all purchase payments and transfers allocated to the Fixed Account. If you do not select a Guarantee Period for a purchase payment or transfer, we will assign the same period(s) as used for the most recent purchase payment. Guarantee Periods may be 1, 3, 5, 7, or 10 years. We may change the Guarantee Periods available for future purchase payments or transfers allocated to the Fixed Account. We will mail you a notice prior to the expiration of each Sub-account outlining the options available at the end of a Guarantee Period. During the 30 day period after a Guarantee Period expires you may: / / take no action and we will automatically renew the Sub-account value to a Guarantee Period of the same duration to be established on the day the previous Guarantee Period expired; or / / notify us to apply the Sub-account value to a new Guarantee Period(s) to be established on the day the previous Guarantee Period expired; or / / notify us to apply the Sub-account value to any Sub-account of the Variable Account on the day we receive the notification; or / / receive a portion of the Sub-account value or the entire Sub-account value through a partial or full withdrawal that is not subject to a Market Value Adjustment. In this case, the amount withdrawn will be deemed to have been withdrawn on the day the Guarantee Period expired. The minimum amount that can be allocated to a new Sub-account is $500. CREDITING INTEREST. We credit interest daily to money allocated to the Fixed Account at a rate which compounds over one year to the interest rate we guaranteed when the money was allocated. We will credit interest to the initial purchase payment from the issue date. We will credit interest to subsequent purchase payments from the date we receive them. We will credit interest to transfers from the date the transfer is made. The interest rates will never be less than the minimum guaranteed rate shown on the Annuity Data Page. TRANSFERS. Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per Contract Year without charge. Each transfer after the 12th transfer in any Contract Year may be assessed a $10 transfer fee. Transfers are subject to the following restrictions. / / The minimum amount that may be transferred into a Sub-account of the Fixed Account is $500. / / Any transfer from a Sub-account of the Fixed Account at a time other than during the 30 day period after a Guarantee Period expires will be subject to a Market Value Adjustment. / / If any transfer reduces the value of a Sub-account of the Fixed Account to less than $500, we will treat the request as a transfer of the entire Sub- account value. We reserve the right to waive the transfer restrictions contained in this Contract. CONTRACT VALUE. Your "Contract Value" is equal to the sum of: / / the number of Accumulation Units you hold in each Sub-account of the Variable Account multiplied by the Accumulation Unit Value for that Sub- account on the most recent Valuation Date; plus / / the sum of Sub-account values in the Fixed Account. ACCUMULATION UNITS AND ACCUMULATION UNIT VALUE. Amounts which you allocate to a Sub-account of the Variable Account are used to purchase Accumulation Units in that Sub-account. The Accumulation Unit Value for each Sub-account at the end of any Valuation Period is calculated by multiplying the Accumulation Unit Value at the end of the immediately preceding Valuation Period by the Sub-account's Net Investment Factor for the Valuation Period. The Accumulation Unit Values may go up or down. Additions or transfers to a Sub-account of the Variable Account will increase the number of Accumulation Units for that Sub- account. Withdrawals or transfers from a Sub-account of the Variable Account will decrease the number of Accumulation Units for that Sub-account. VALUATION PERIOD AND VALUATION DATE. A "Valuation Period" is the time interval between the closing of the New York Stock Exchange on consecutive Valuation Dates. A "Valuation Date" is any date the New York Stock Exchange is open for trading. NET INVESTMENT FACTOR. For each Sub-account of the Variable Account, the "Net Investment Factor" for a Valuation Period is (A) divided by (B), minus (C) where:

FIXED ACCOUNT. Allocation and credits to Fixed Account -- The Fixed Account is divided into Sub-accountswill receive the net payment allocated to it, guaranteed interest, excess interest and dollar amounts transferred from the Variable Account. A Sub-account is identified by the Guarantee Period and On the date we receive your purchase payment for the Guarantee Period beginsFixed Account, the net payment will be allocated to this account. You create a Sub-account when: / / you make a purchase payment; or / / you select a new Guarantee Period after As of the prior Sub-account expires; or / / you date we receive your request to transfer an amount from an existing Sub-account of the Variable Account or the Fixed Account. A Sub-account continues until the end of the Guarantee Period. You must select the Guarantee Period for all purchase payments and transfers allocated , such amount will be deposited to the Fixed Account. If you do not select Guaranteed interest rate -- Prior to the Maturity Date, guaranteed interest will be credited on a Guarantee Period for a purchase payment or transfer, we will assign the same period(s) as used for the most recent purchase payment. Guarantee Periods may be 1, 3, 5, 7, or 10 years. We may change the Guarantee Periods available for future purchase payments or transfers allocated daily basis to the Fixed Account. The guaranteed interest rate is shown on the Contract Data pages. This interest will be credited from: 1. the date the purchase payment is received by us; or 2. the date a dollar amount is transferred from the Variable Account. The guaranteed interest rate and the guaranteed annuity income option rates are established on the Contract Date. These rates will never be changed. Excess interest rate -- We may pay interest in excess of the guaranteed amount. This excess interest will be credited on a daily basis to the Fixed Account. Renewal of Fixed Account -- The fixed portion of your contract will be automatically renewed on the contract Renewal Date. The new Renewal Date will be set for a period equal to the initial renewal period. You may choose a different renewal period if allowed by us. If you choose, you may withdraw your fixed cash value from the Fixed Account without charge or penalty on the Renewal Date. We will mail send you a notice 90 days prior to the expiration of each Sub-account outlining Renewal Date. This notice will explain your renewal rights. If you want a different Renewal Date or choose to withdraw the options available fixed cash value, your written request must be received at the end of Home Office prior to the Renewal Date. If we do not receive a Guarantee Period. During the 30 day period after a Guarantee Period expires you may: / / take no action and written request, we will automatically renew the Sub-account value fixed portion of your contract. Upon each renewal, new Contract Data pages will be sent to a Guarantee Period of you. Transfers -- You may transfer money from the same duration Fixed Account to be established on the day the previous Guarantee Period expired; or / / notify us to apply the Sub-account value to a new Guarantee Period(s) to be established on the day the previous Guarantee Period expired; or / / notify us to apply the Sub-account value to any Sub-account various divisions of the Variable Account Account. Any 1 transfer must be for an amount not less than $200. A partial transfer may not be made if such transfer would reduce the Fixed Account's cash value to less than $200. The early withdrawal penalty will be charged when transfers are made at any time other than on the day we receive Renewal Date. Your written request to make a transfer must be sent to the notification; or / / receive a portion of the Sub-account value or the entire Sub-account value through a partial or full withdrawal that is not subject to a Market Value AdjustmentHome Office. In this case, the amount withdrawn An approved transfer will be deemed to have been withdrawn on the day the Guarantee Period expired. The minimum amount that can be allocated to a new Sub-account is $500. CREDITING INTEREST. We credit interest daily to money allocated to the Fixed Account at a rate which compounds over one year to the interest rate we guaranteed when the money was allocated. We will credit interest to the initial purchase payment from the issue date. We will credit interest to subsequent purchase payments from made as of the date we receive themyour request. Fixed Account cash withdrawal and surrender privilege -- You may at any time during the Annuitant's lifetime and prior to the Maturity Date, elect to withdraw part or surrender all of the fixed cash value. Any 1 withdrawal must be for an amount not less than $200. We will credit interest to transfers deduct the surrender charges and early withdrawal penalties, if any, from the date the transfer is madefixed cash value. The interest rates amount due will never be less than sent to you. We will figure the minimum guaranteed rate shown on fixed cash value of your account as of the Annuity Data Pagedate we receive your written request. TRANSFERSThe written request must be in a form satisfactory to us. Prior The request must be sent to the Payout Start Date, you may transfer amounts between Investment AlternativesHome Office. You may make 12 transfers per Contract Year without chargeThe payment is usually paid within 30 days. Each transfer after the 12th transfer in any Contract Year may be assessed a $10 transfer fee. Transfers are subject to the following restrictions. / / The minimum amount that may be transferred into a Sub-account of the Fixed Account is $500. / / Any transfer from a Sub-account of the Fixed Account at a time other than during the 30 day period after a Guarantee Period expires will be subject to a Market Value Adjustment. / / If any transfer reduces the value of a Sub-account of the Fixed Account to less than $500However, we will treat the request as a transfer of the entire Sub- account value. We reserve the right to waive postpone payment for not more than 6 months from the date your request was received by us. If payment is deferred after the 30 days, we will continue to credit current interest, if any. Surrender charge -- A surrender charge is deducted from your fixed cash value if you make a cash withdrawal from or surrender the fixed cash value. The rate varies by contract year as shown on the Contract Data pages. Early withdrawal penalty -- An early withdrawal penalty is deducted from your fixed cash value if you make a partial withdrawal from, make a transfer restrictions contained in this Contract. CONTRACT VALUE. Your "Contract Value" is equal to the sum of: / / the number of Accumulation Units you hold in each Sub-account of the Variable Account multiplied by the Accumulation Unit Value or surrender your fixed cash value. There will be no early withdrawal penalty for that Sub- account cash withdrawals, transfers or surrenders made on the most recent Valuation Renewal Date; plus / / the sum of Sub-account values in the Fixed Account. ACCUMULATION UNITS AND ACCUMULATION UNIT VALUE. Amounts which you allocate to a Sub-account of the Variable Account are used to purchase Accumulation Units in that Sub-account. The Accumulation Unit Value for each Sub-account at early withdrawal penalty is shown on the end Contract Data pages. Waiver of any Valuation Period is calculated by multiplying the Accumulation Unit Value at the end of the immediately preceding Valuation Period by the Sub-account's Net Investment Factor for the Valuation Period. The Accumulation Unit Values may go up charges and penalties -- No surrender charge or down. Additions or transfers to a Sub-account of the Variable Account early withdrawal penalty will increase the number of Accumulation Units for that Sub- account. Withdrawals or transfers from a Sub-account of the Variable Account will decrease the number of Accumulation Units for that Sub-account. VALUATION PERIOD AND VALUATION DATE. A "Valuation Period" is the time interval between the closing of the New York Stock Exchange on consecutive Valuation Dates. A "Valuation Date" is any date the New York Stock Exchange is open for trading. NET INVESTMENT FACTOR. For each Sub-account of the Variable Account, the "Net Investment Factor" for a Valuation Period is (A) divided by (B), minus (C) whereapply:

FIXED ACCOUNT. Options The Fixed Account Options are the Short Term Dollar Cost Averaging Fixed Account, the Extended Short Term Dollar Cost Averaging Fixed Account, and the Guarantee Periods of the Guaranteed Maturity Fixed Account. Short Term Dollar Cost Averaging Fixed Account Money in the Short Term Dollar Cost Averaging Fixed Account will earn interest at the annual rate in effect at the time of allocation to the Short Term Dollar Cost Averaging Fixed Account. Each purchase payment and associated interest in the Short Term Dollar Cost Averaging Fixed Account must be transferred to Sub-Accounts of the Variable Account according to your current allocation instructions in equal monthly installments within the selected transfer period. You may select a transfer period of no less than 3 months or more than 6 months. If you discontinue the Dollar Cost Averaging program before the end of the transfer period, the remaining balance in the Short Term Dollar Cost Averaging Fixed Account will be transferred to the Money Market Variable Sub-Account unless you request a different Investment Alternative. At the end of the transfer period, any residual amount will be automatically transferred to the Money Market Variable Sub-Account. No amount may be transferred into the Short Term Dollar Cost Averaging Fixed Account. For each purchase payment, the first transfer from the Short Term Dollar Cost Averaging Fixed Account must occur within one month of the date of payment. If we do not receive an allocation instruction from you within one month of the date of payment, the payment plus associated interest will be transferred to the Money Market Variable Sub-Account in equal monthly installments within the selected transfer period until we have received a different allocation instruction. Extended Short Term Dollar Cost Averaging Fixed Account Money in the Extended Short Term Dollar Cost Averaging Fixed Account will earn interest at the annual rate in effect at the time of allocation to the Extended Short Term Dollar Cost Averaging Fixed Account. Each purchase payment and associated interest in the Extended Short Term Dollar Cost Averaging Fixed Account must be transferred to Sub-Accounts of the Variable Account according to your current allocation instructions in equal monthly installments within the selected transfer period. You may select a transfer period of no less than 7 months or more than 12 months. If you discontinue the Dollar Cost Averaging program before the end of the transfer period, the remaining balance in the Extended Short Term Dollar Cost Averaging Fixed Account will be transferred to the Money Market Variable Sub-Account unless you request a different Investment Alternative. At the end of the transfer period, any residual amount will be automatically transferred to the Money Market Variable Sub-Account. No amount may be transferred into the Extended Short Term Dollar Cost Averaging Fixed Account. For each purchase payment, the first transfer from the Extended Short Term Dollar Cost Averaging Fixed Account must occur within one month of the date of payment. If we do not receive an allocation instruction from you within one month of the date of payment, the payment plus associated interest will be transferred to the Money Market Variable Sub-Account in equal monthly installments within the selected transfer period until we have received a different allocation instruction. Guaranteed Maturity Fixed Account The Guaranteed Maturity Fixed Account is divided into Sub-accountsGuarantee Periods. A Sub-account Guarantee Period is identified by the Guarantee Period and the date the Guarantee Period beginsbegins and the duration of the Guarantee Period. You create a Sub-account Guarantee Period when: / / o you make a purchase payment; or / / o you select a new Guarantee Period after the prior Sub-account Guarantee Period expires; or / / o you transfer an amount from an existing Sub-account Account of the Variable Account or Account, from another Guarantee Period of the Guaranteed Maturity Fixed Account. A Sub-account continues until the end of the Guarantee Period, or from any Fixed Account Options. You must select the Guarantee Period for all purchase payments and transfers allocated to the Guaranteed Maturity Fixed Account. If you do not select a Guarantee Period for a purchase payment or transfer, we will assign the same period(s) as used for the most recent purchase payment. Guarantee Periods are offered at our discretion and may be 1, 3, 5, 7, or 10 range from one to ten years. We may change the Guarantee Periods available for future purchase payments or transfers allocated to the Guaranteed Maturity Fixed Account. We will mail you a notice prior to the expiration of each Sub-account Guarantee Period outlining the options available at the end of a the Guarantee Period. During the 30 day period after a Guarantee Period expires you may: / / o take no action and we will automatically renew apply the Sub-account Guarantee Period value to a Guarantee Period of the same duration as the Guarantee Period that just expired to be established on the day the previous Guarantee Period expired; or / / o notify us to apply the Sub-account Guarantee Period value to a new Guarantee Period(s) to be established on the day the previous Guarantee Period expired; or / / o notify us to apply the Sub-account Guarantee Period value to any Sub-account Account of the Variable Account on the day we receive the notification; or / / o receive a portion of the Sub-account Guarantee Period value or the entire Sub-account Guarantee Period value through a partial or full withdrawal that is not subject to a Market Value Adjustment; however, taxes may apply. In this case, We will pay interest from the amount withdrawn will be deemed to have been withdrawn on the day date the Guarantee Period expiredexpires until the date of the withdrawal. The minimum amount that can be allocated to a new Sub-account is $500. CREDITING INTEREST. Crediting Interest We credit interest daily to money allocated to the Fixed Account Options at a rate rates which compounds compound over one year to at the current annualized interest rate we guaranteed rates when the money was allocated. We will credit interest to the initial purchase payment from the issue date. We will credit interest to subsequent purchase payments from the date we receive them. We will credit interest to transfers from the date the transfer is made. The annual interest rates rate for the Short Term Dollar Cost Averaging Fixed Account and the Extended Short Term Dollar Cost Averaging Fixed Account will never be less than the minimum guaranteed rate shown on the Annuity Data Page3%. TRANSFERS. Transfers Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per Contract Year without charge. Each transfer after the 12th transfer in any Contract Year may be assessed a $10 transfer fee. Transfers are subject to the following restrictions. / / The minimum : o No amount that may be transferred into a Sub-account the Short Term Dollar Cost Averaging Fixed Account or the Extended Short Term Dollar Cost Averaging Fixed Account. At the end of the transfer period, any remaining portion of the purchase payment and interest in the Short Term Dollar Cost Averaging Fixed Account is $500or the Extended Short Term Dollar Cost Averaging Fixed Account will be allocated to other Investment Alternatives as set forth in the current Short Term Dollar Cost Averaging Fixed Account or the Extended Short Term Dollar Cost Averaging Fixed Account allocations. / / o Any transfer from a Sub-account Guarantee Period of the Guaranteed Maturity Fixed Account at a time other than during the 30 day period after a Guarantee Period expires will be subject to a Market Value AdjustmentAdjustment unless the transfer occurs during the 30 day period after the Guarantee Period expires. / / If o We reserve the right to limit the number of transfers among the Variable Sub-Accounts in any Contract Year or to refuse any transfer reduces request for an Owner or certain Owners if, in our sole discretion, we believe that: o excessive trading by such Owner or Owners or a specific transfer request or group of transfer requests may have a detrimental effect on Unit Values or the value of a Sub-account share prices of the Fixed Account underlying mutual funds or would be to less than $500, we will treat the request as a transfer disadvantage of other Contract Owners; or o We are informed by one or more of the entire Sub- account valueunderlying mutual funds that the purchase or redemption of shares is to be restricted because of excessive trading or a specific transfer or group of transfers is deemed to have a detrimental effect on share prices of affected underlying mutual funds. Such restrictions may be applied in any manner which is reasonably designed to prevent any use of the transfer right which is considered by us to be to the disadvantage of the other Contract Owners. We reserve the right to waive the transfer fees and restrictions contained in this Contract. CONTRACT VALUE. Your "Contract Value" is equal to the sum of: / / the number of Accumulation Units you hold in each Sub-account of the Variable Account multiplied by the Accumulation Unit Value for that Sub- account on the most recent Valuation Date; plus / / the sum of Sub-account values in the Fixed Account. ACCUMULATION UNITS AND ACCUMULATION UNIT VALUE. Amounts which you allocate to a Sub-account of the Variable Account are used to purchase Accumulation Units in that Sub-account. The Accumulation Unit Value for each Sub-account at the end of any Valuation Period is calculated by multiplying the Accumulation Unit Value at the end of the immediately preceding Valuation Period by the Sub-account's Net Investment Factor for the Valuation Period. The Accumulation Unit Values may go up or down. Additions or transfers to a Sub-account of the Variable Account will increase the number of Accumulation Units for that Sub- account. Withdrawals or transfers from a Sub-account of the Variable Account will decrease the number of Accumulation Units for that Sub-account. VALUATION PERIOD AND VALUATION DATE. A "Valuation Period" is the time interval between the closing of the New York Stock Exchange on consecutive Valuation Dates. A "Valuation Date" is any date the New York Stock Exchange is open for trading. NET INVESTMENT FACTOR. For each Sub-account of the Variable Account, the "Net Investment Factor" for a Valuation Period is (A) divided by (B), minus (C) where:.

FIXED ACCOUNT. The Option If all or part of a Purchase Payment is allocated to the Dollar Cost Averaging Fixed Account is divided into Sub-accountsOption, we will credit interest at a specified rate on amounts prior to their being transferred to the selected Portfolios. A Sub-account is identified Monthly transfers are made over the period selected by the Guarantee Period Annuitant. The Annuitant may not make another Purchase Payment to this option until the entire value in this option has been transferred out and may not transfer money into this option. This option may not be chosen within 12 months of the Annuity Date. Upon annuitization, death of the Annuitant or a total withdrawal of the Dollar Cost Averaging Fixed Account Option, the minimum value that will be paid to the Beneficiary or Annuitant will not be less than 90% of the Purchase Payments allocated to the Dollar Cost Averaging Fixed Account Option accumulated at an annual effective interest rate of 3% each year, less prior transfers from the Dollar Cost Averaging Fixed Account Option accumulated at an annual effective interest rate of 3% each year. If necessary to meet this minimum, charges will be waived. Enhanced Fixed Account Option Each Purchase Payment allocated to the Enhanced Fixed Account Option will be credited with the interest rate established for the date that we receive the Purchase Payment. This rate will apply to the Purchase Payment for an initial period of at least 12 months from the date we receive it. We can adjust the interest rate after the completion of that initial period. The adjusted rate will apply to that Purchase Payment and its credited interest for at least 12 months, when the rate can again be adjusted. From then on, we cannot adjust the interest rate more often than every 12 months. Different interest rates may apply to each Purchase Payment depending on the interest rate established for the date that we received the Purchase Payment and any subsequent rate adjustments. For the purpose of crediting interest, when a withdrawal is taken or a transfer is made from the Enhanced Fixed Account Option, the last Purchase Payment made, and the date interest credited to it, is considered to be withdrawn first. If a withdrawal is taken while a distribution charge applies, the Guarantee Period beginswithdrawal may be less than the Purchase Payment(s). You create a Sub-account when: / / you make a purchase payment; or / / you select a new Guarantee Period after the prior Sub-account expires; or / / you transfer an amount from an existing Sub-account Upon annuitization, death of the Variable Annuitant, or a total withdrawal from the Enhanced Fixed Account Option, the minimum value that will be applied toward annuity payments or paid to the Fixed Account. A Sub-account continues until the end Beneficiary or Annuitant will not be less than 90% of the Guarantee Period. You must select the Guarantee Period for all purchase payments Purchase Payments and transfers allocated to the Enhanced Fixed AccountAccount Option accumulated at an annual effective interest rate of 3% each year, less prior withdrawals and transfers from the Enhanced Fixed Account Option accumulated at an annual effective interest rate of 3% each year. If you do not select a Guarantee necessary to meet this minimum, charges will be waived. Guaranteed Interest Period for a purchase payment or transferFixed Account Option If money is allocated to the Guaranteed Interest Period Fixed Account Option, we will assign the same period(s) as used credit interest at a specified rate for the most recent purchase paymenta Guaranteed Period. Guarantee The Annuitant may select different Guaranteed Periods for each amount allocated to this option, and each allocation starts a new Guaranteed Period. Each Guaranteed Period we offer may be 1, 3, 5, 7, or 10 yearshave a different interest rate. We may change the Guarantee rates we offer for new Guaranteed Periods available for at any time. In the future purchase payments we may offer Guaranteed Periods of different lengths or transfers stop offering some Guaranteed Periods. Money allocated to a Guaranteed Period under this option matures the Fixed Accountday after the Guaranteed Period ends. We will mail you a notice prior to the expiration of each Sub-account outlining the options available at Within 30 days after the end of a Guarantee the Guaranteed Period. During , the 30 day period after a Guarantee Period expires you Annuitant may: / / • take no action and we will automatically renew apply the Sub-account value to a Guarantee new Guaranteed Period of the same or next shorter duration. The next shorter duration to will be established on used if the prior Guaranteed Period is not currently available. The new Guaranteed Period earns interest at the then current interest rate for that Guaranteed Period and begins the day after the previous Guarantee prior Guaranteed Period expiredended; or / / • notify us to apply allocate all or a portion of the Sub-account value to a one or more new Guarantee Period(s) to be established on Guaranteed Periods beginning the day after the previous Guarantee prior Guaranteed Period expiredended; or / / • notify us to apply allocate all or a portion of the Sub-account value to any Sub-account one or more of the Variable Account Portfolios on the day we receive the notification; or / / receive • withdraw all or a portion of the Sub-account value value. If the Annuitant selects one of the last two alternatives, we will credit interest at the rate we are currently offering for Guaranteed Periods of the same or next shorter duration from the entire Sub-account value through day after the Guaranteed Period ended until the day we receive the instructions. If the Annuitant moves money out before the end of a partial Guaranteed Period, either as a transfer, withdrawal, or full withdrawal that is not subject to purchase annuity payments, there will be a Market Value AdjustmentAdjustment (MVA). The formula used to calculate the MVA is shown on the contract data page. The MVA is based primarily on the difference between the interest rate being credited to the money you move and the current interest rate offered for a Guaranteed Period of the same duration. In this casegeneral, if interest rates have dropped, the amount withdrawn MVA will be deemed positive and if interest rates have risen, it will be negative. Unless we are instructed otherwise, the MVA will be applied to your remaining contract value. If amounts are taken from more than one Guaranteed Period at the same time, the MVA is calculated individually for each Guaranteed Period. We will not apply an MVA if the Annuitant moves money within 30 days after the end of a Guaranteed Period. Upon annuitization, death of the Annuitant, or a total withdrawal from a Guaranteed Period, the minimum value that will be applied toward annuity payments or paid to the Beneficiary or Annuitant will not be less than 90% of the original amount allocated to that Guaranteed Period accumulated at an annual effective interest rate of 3%, less prior withdrawals and transfers from that Guaranteed Period accumulated at an annual effective interest rate of 3% each year. If necessary to meet this minimum, the MVA will be adjusted or charges will be waived. CONTRACT VALUE The contract value is the sum of the values in the Portfolios and the Fixed Account Options attributable to the Contract. We calculate this by: • adding all the Purchase Payments invested; • subtracting the charges which have been deducted; • subtracting the withdrawals made (adjusted for any MVA); • adjusting for any MVA on amounts that were transferred to the Portfolios; • adjusting for each Portfolio’s gain or loss; • adding the interest we credit to each Fixed Account Option while any of the contract value is in that option; • subtracting the amounts withdrawn on for an annuity option; and • subtracting the day amounts withdrawn to pay the Guarantee Period expireddeath benefit. TRANSFERS During the Accumulation Phase, the Annuitant can transfer money between investment options. (For purposes of these transfer provisions, “investment options” does not include the Dollar Cost Averaging Fixed Account Option.) The minimum amount amounts that can be allocated to a new Sub-account is $500. CREDITING INTEREST. We credit interest daily to money allocated to the Fixed Account at a rate which compounds over one year to the interest rate we guaranteed when the money was allocated. We will credit interest to the initial purchase payment from the issue date. We will credit interest to subsequent purchase payments from the date we receive them. We will credit interest to transfers from the date the transfer is made. The interest rates will never be less than the minimum guaranteed rate transferred are shown on the Annuity Data Pagecontract data page. TRANSFERS. Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per In each Contract Year without a specified number of transfers are free of charge. Each transfer after the 12th additional transfer in any a Contract Year may be assessed a $10 transfer fee. Transfers are subject to the following restrictions. / / The minimum amount that may be transferred into a Sub-account of the Fixed Account is $500. / / Any transfer from a Sub-account of the Fixed Account at a time other than during the 30 day period after a Guarantee Period expires will be subject to a Market Value Adjustment. / / If any transfer reduces the value of a Sub-account of the Fixed Account to less than $500, we will treat the request as have a transfer charge. The number of free transfers and the entire Sub- account valuetransfer charge are shown on the contract data page. We reserve the right to waive modify, suspend, or terminate transfer privileges at any time. In addition, if we receive a transfer request that is to be allocated to a Fixed Account Option and we are not able to invest the money such that we can credit at least the minimum guaranteed interest rate, we reserve the right to reject the portion of the transfer restrictions contained in this Contract. CONTRACT VALUE. Your "Contract Value" is equal request that was to the sum of: / / the number of Accumulation Units you hold in each Sub-account of the Variable Account multiplied by the Accumulation Unit Value for be allocated to that Sub- account on the most recent Valuation Date; plus / / the sum of Sub-account values in the Fixed Account. ACCUMULATION UNITS AND ACCUMULATION UNIT VALUE. Amounts which you allocate to a Sub-account of the Variable Account are used to purchase Accumulation Units in that Sub-account. The Accumulation Unit Value for each Sub-account at the end of any Valuation Period is calculated by multiplying the Accumulation Unit Value at the end of the immediately preceding Valuation Period by the Sub-account's Net Investment Factor for the Valuation Period. The Accumulation Unit Values may go up or down. Additions or transfers to a Sub-account of the Variable Account will increase the number of Accumulation Units for that Sub- account. Withdrawals or transfers from a Sub-account of the Variable Account will decrease the number of Accumulation Units for that Sub-account. VALUATION PERIOD AND VALUATION DATE. A "Valuation Period" is the time interval between the closing of the New York Stock Exchange on consecutive Valuation Dates. A "Valuation Date" is any date the New York Stock Exchange is open for trading. NET INVESTMENT FACTOR. For each Sub-account of the Variable Account, the "Net Investment Factor" for a Valuation Period is (A) divided by (B), minus (C) where:option.

FIXED ACCOUNT. Allocation and credits to Fixed Account -- The Fixed Account is divided into Sub-accountswill receive the net payments allocated to it, guaranteed interest, excess interest and dollar amounts transferred from the Variable Account. A Sub-account is identified by the Guarantee Period and On the date we receive your purchase payment for the Guarantee Period beginsFixed Account, the net payment will be allocated to this account. You create a Sub-account when: / / you make a purchase payment; or / / you select a new Guarantee Period after As of the prior Sub-account expires; or / / you date we receive your request to transfer an amount from an existing Sub-account of the Variable Account or the Fixed Account. A Sub-account continues until the end of the Guarantee Period. You must select the Guarantee Period for all purchase payments and transfers allocated , such amount will be deposited to the Fixed Account. If you do not select a Guarantee Period for a purchase payment or transfer, we will assign the same period(s) as used for the most recent purchase payment. Guarantee Periods may be 1, 3, 5, 7, or 10 years. We may change the Guarantee Periods available for future All purchase payments or transfers allocated must be received at the Home Office. Guaranteed interest rate -- Prior to the Maturity Date, guaranteed interest will be credited to the Fixed Account. The guaranteed interest rate is shown on the Contract Data page. This interest will be credited from: 1. the date the purchase payment is received by us; or 2. the date a dollar amount is transferred from the Variable Account. Excess interest rate -- We may pay interest in excess of the guaranteed amount. This excess interest will be credited on a daily basis to the Fixed Account. Any excess interest paid, as determined by us, will be applied on an equitable basis and credited to this class of contracts. The excess interest will be over and above the guaranteed interest applied to this class of contracts. Renewal of Fixed Account -- The Fixed Account will be automatically renewed on its Renewal Date. The new Renewal Date will be set for a period equal to the initial renewal period. You may choose a different Renewal Date if allowed by us. If you choose, you may withdraw the fixed cash value of the account without charge or penalty on the Renewal Date. We will mail send you a notice 90 days prior to the expiration of each Sub-account outlining Renewal Date. This notice will explain your renewal rights. If you want a different Renewal Date or choose to withdraw the options available fixed cash value, your request must be received at least 30 days prior to the end of Renewal Date. If we do not receive a Guarantee Period. During the 30 day period after a Guarantee Period expires you may: / / take no action and request, we will automatically renew your Fixed Account. Upon each renewal, a new Contract Data page will be sent to you. The guaranteed interest rate and the Sub-account value to a Guarantee Period of the same duration to be guaranteed settlement option factors are established on the day Contract Date. These rates will never be changed. Transfers -- You may transfer money from the previous Guarantee Period expired; or / / notify us Fixed Account to apply the Sub-account value to a new Guarantee Period(s) to be established on the day the previous Guarantee Period expired; or / / notify us to apply the Sub-account value to any Sub-account various divisions of the Variable Account Account. Any 1 transfer must be for an amount not less than $1,000. A partial transfer may not be made if such transfer would reduce the Fixed Account's cash value to less than $600. Transfers must be made at least 30 days prior to the Maturity Date. The early withdrawal penalty will be charged when transfers are made at any time other than on the day Renewal Date. Your request to make a transfer must be sent to the Home Office. An approved transfer will be made as of the date we receive your request. Fixed Account cash withdrawal and surrender privilege -- You may at any time during the notification; Annuitant's lifetime and prior to the Maturity Date, elect to withdraw part or / / surrender all of the fixed cash value. Any 1 withdrawal must be for an amount not less than $200. We will deduct the surrender charges and early withdrawal penalties, if any, from the fixed cash value. The amount due will be sent to you. We will figure the fixed cash value of your account as of the date we receive your written request. The written request must be on a form satisfactory to us. The request must be sent to the Home Office. The payment is usually paid within 30 days. However, we reserve the right to postpone payment for not more than 6 months from the date your request was received by us. If payment is deferred after the 30 days, we will continue to credit current interest, if any. Surrender charge -- The surrender charge during the first 5 years is a portion of the Sub-account fixed cash value kept by us if you make a cash withdrawal from or surrender your Fixed Account. The rate varies by contract year as shown on the entire Sub-account Contract Data page. There is no surrender charge after the fifth contract year. Early withdrawal penalty -- The early withdrawal penalty is a portion of the fixed cash value through kept by us if you make a partial withdrawal, make a transfer to the Variable Account or full surrender this contract for its total cash value. There will be no early withdrawal that penalty for cash withdrawals, transfers or surrenders on the Renewal Date. The early withdrawal penalty is established on the Contract Date. This fee will not be changed throughout the lifetime of the contract prior to the Maturity Date. Waiver of charges and penalties -- No surrender charge or early withdrawal penalty will be made on a partial withdrawal from the Fixed Account or a transfer to the Variable Account if all the following occur: 1. it is made after the contract has been in force 2 years; 2. it is more than 12 months since the last transfer or withdrawal was made; and 3. the amount is not subject to a Market Value Adjustmentmore than 15 percent of the then current fixed cash value. In this case, the amount withdrawn No surrender charge or early withdrawal penalty will be deemed made: 1. on any fixed cash value applied to have the payment of either settlement Options 1, 2, 6 or 7; or 2. on or after the Maturity Date if the contract has been withdrawn on in force for at least 10 years; or 3. if annuity income payments are selected to be made in equal installments over a period of at least 5 years; during such period the day elected annuity benefit cannot be surrendered; or 4. if an Annuitant is disabled continuously for 3 months and satisfactory proof of such disability is sent to the Guarantee Period expiredHome Office. The minimum amount that can be allocated to a new Sub-account is $500. CREDITING INTEREST. Guaranteed return of payments -- We credit interest daily to money allocated guarantee the return of the purchase payment credited to the Fixed Account at a rate which compounds over one year to or the interest rate we guaranteed when the money was allocated. We will credit interest to the initial purchase payment from the issue date. We will credit interest to subsequent purchase payments from the date we receive them. We will credit interest to transfers from the date the transfer is made. The interest rates will never be less than the minimum guaranteed rate shown on the Annuity Data Page. TRANSFERS. Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per Contract Year without charge. Each transfer after the 12th transfer in any Contract Year may be assessed a $10 transfer fee. Transfers are subject to the following restrictions. / / The minimum amount that may be transferred into a Sub-account surrender value of the Fixed Account Account, whichever is $500greater, upon surrender of this contract if: 1. / / Any transfer from a Sub-account of the Fixed Account at a time other contract has been in force more than during the 30 day period after a Guarantee Period expires will be subject 2 years; and 2. no cash withdrawals or transfers to a Market Value Adjustment. / / If any transfer reduces the value of a Sub-account of the Fixed Account to less than $500, we will treat the request as a transfer of the entire Sub- account value. We reserve the right to waive the transfer restrictions contained in this Contract. CONTRACT VALUE. Your "Contract Value" is equal to the sum of: / / the number of Accumulation Units you hold in each Sub-account of the Variable Account multiplied by the Accumulation Unit Value for that Sub- account on the most recent Valuation Date; plus / / the sum of Sub-account values in have been made from the Fixed Account. ACCUMULATION UNITS AND ACCUMULATION UNIT VALUE. Amounts which you allocate to a Sub-account of the Variable Account are used to purchase Accumulation Units in that Sub-account. The Accumulation Unit Value for each Sub-account at the end of any Valuation Period is calculated by multiplying the Accumulation Unit Value at the end of the immediately preceding Valuation Period by the Sub-account's Net Investment Factor for the Valuation Period. The Accumulation Unit Values may go up or down. Additions or transfers to a Sub-account of the Variable Account will increase the number of Accumulation Units for that Sub- account. Withdrawals or transfers from a Sub-account of the Variable Account will decrease the number of Accumulation Units for that Sub-account. VALUATION PERIOD AND VALUATION DATE. A "Valuation Period" is the time interval between the closing of the New York Stock Exchange on consecutive Valuation Dates. A "Valuation Date" is any date the New York Stock Exchange is open for trading. NET INVESTMENT FACTOR. For each Sub-account of the Variable Account, the "Net Investment Factor" for a Valuation Period is (A) divided by (B), minus (C) where:.

FIXED ACCOUNT. Options There are 2 Fixed Account Options under this Contract. The Fixed Account Options are the Dollar Cost Averaging Fixed Account Option and the Standard Fixed Account Option. Dollar Cost Averaging Fixed Account Option The Dollar Cost Averaging Fixed Account is divided into Sub-accountsindividual Transfer Period Accounts. A Sub-account new Transfer Period Account is established each time you allocate a purchase payment to the Dollar Cost Averaging Fixed Account and you choose the term length of the new Transfer Period Account. Purchase payments may not be allocated to any existing Transfer Period Account. No amount may be transferred into the Dollar Cost Averaging Fixed Account. Each Transfer Period Account is identified by the Guarantee date the Transfer Period Account begins and the date the Guarantee Period begins. You create a Sub-account when: / / you make a purchase payment; or / / you select a new Guarantee Period after the prior Sub-account expires; or / / you transfer an amount from an existing Sub-account term length of the Variable Account or the Fixed Transfer Period Account. A Sub-account continues until the end of the Guarantee Period. You must select the Guarantee Period for all Each purchase payments and transfers payment allocated to the Fixed Account. If you do not select a Guarantee Transfer Period for a purchase payment or transfer, we will assign the same period(s) as used for the most recent purchase payment. Guarantee Periods may Account must be 1, 3, 5, 7, or 10 years. We may change the Guarantee Periods available for future purchase payments or transfers allocated to the Fixed Accountat least $500. We will mail offer term lengths from which you may select for your Transfer Period Account(s), which may range from three to eighteen months; however, we may modify or eliminate the term lengths we offer at our discretion. Amounts in a notice prior Transfer Period Account will earn interest at the rate declared for the Transfer Period Account at the time it is established. This interest rate will be in effect for the term of the Transfer Period Account. Each purchase payment and all associated interest in a Transfer Period Account must be transferred to the expiration of each Sub-account outlining other Investment Alternatives according to your allocation instructions in equal monthly installments during the options available at the end of a Guarantee Period. During the 30 day period after a Guarantee Period expires you may: / / take no action and we will automatically renew the Sub-account value to a Guarantee Period term of the same duration to be established on the day the previous Guarantee Transfer Period expired; or / / notify us to apply the Sub-account value to a new Guarantee Period(s) to be established on the day the previous Guarantee Period expired; or / / notify us to apply the Sub-account value to any Sub-account of the Variable Account on the day we receive the notification; or / / receive a portion of the Sub-account value or the entire Sub-account value through a partial or full withdrawal that is not subject to a Market Value Adjustment. In this case, the amount withdrawn will be deemed to have been withdrawn on the day the Guarantee Period expired. The minimum amount that can be allocated to a new Sub-account is $500. CREDITING INTEREST. We credit interest daily to money allocated to the Fixed Account at a rate which compounds over one year to the interest rate we guaranteed when the money was allocated. We will credit interest to the initial purchase payment from the issue date. We will credit interest to subsequent purchase payments from the date we receive them. We will credit interest to transfers from the date the transfer is made. The interest rates will never be less than the minimum guaranteed rate shown on the Annuity Data Page. TRANSFERS. Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per Contract Year without charge. Each transfer after the 12th transfer in any Contract Year may be assessed a $10 transfer fee. Transfers are subject to the following restrictions. / / The minimum amount that may be transferred into a Sub-account of the Fixed Account is $500. / / Any transfer from a Sub-account of the Fixed Account at a time other than during the 30 day period after a Guarantee Period expires will be subject to a Market Value Adjustment. / / If any transfer reduces the value of a Sub-account of the Fixed Account to less than $500, we will treat the request as a transfer of the entire Sub- account valueAccount. We reserve the right to waive restrict the Investment Alternatives available for transfers from any Transfer Period Account. We may offer weekly, quarterly, semi-annual or other installment transfer restrictions contained in this Contractperiod alternatives, at our discretion. CONTRACT VALUEFor each purchase payment, the first transfer from a Transfer Period Account will begin on the first Valuation Date after the payment is received by us. Your "Contract Value" If we do not receive an allocation instruction from you when payment is equal received by us, the purchase payment and all associated interest will be transferred to the sum of: / / the number of Accumulation Units you hold in each money market Variable Sub-account in equal installments until we have received a different allocation instruction. At the expiration of a Transfer Period Account, any residual amount will be automatically transferred to the money market Variable Account multiplied by the Accumulation Unit Value for that Sub- account on the most recent Valuation Date; plus / / the sum of Sub-account values in the Fixed Account. ACCUMULATION UNITS AND ACCUMULATION UNIT VALUE. Amounts which you allocate to a Sub-account of the Variable Account are used to purchase Accumulation Units in that Sub-account. The Accumulation Unit Value for each If you discontinue the Dollar Cost Averaging Option before the expiration of a Transfer Period Account, the remaining balance will be transferred on the day we receive notification to the money market Variable Sub-account at the end of any Valuation Period is calculated by multiplying the Accumulation Unit Value at the end of the immediately preceding Valuation Period by the Sub-account's Net unless you request a different Investment Factor for the Valuation Period. The Accumulation Unit Values may go up or down. Additions or transfers to a Sub-account of the Variable Account will increase the number of Accumulation Units for that Sub- account. Withdrawals or transfers from a Sub-account of the Variable Account will decrease the number of Accumulation Units for that Sub-account. VALUATION PERIOD AND VALUATION DATE. A "Valuation Period" is the time interval between the closing of the New York Stock Exchange on consecutive Valuation Dates. A "Valuation Date" is any date the New York Stock Exchange is open for trading. NET INVESTMENT FACTOR. For each Sub-account of the Variable Account, the "Net Investment Factor" for a Valuation Period is (A) divided by (B), minus (C) where:Alternative.

FIXED ACCOUNT. The Fixed Account is divided into Sub-accounts. A Sub-account is identified by the Guarantee Period and the date the Guarantee Period begins. You create a Sub-account when: / / - you make a purchase payment; or / / - you select a new Guarantee Period after the prior Sub-account expires; or / / - you transfer an amount from an existing Sub-account of the Variable Account or the Fixed Account. A Sub-account continues until the end of the Guarantee Period. You must select the Guarantee Period for all purchase payments and transfers allocated to the Fixed Account. If you do not select a Guarantee Period for a purchase payment or transfer, we will assign the same period(s) as used for the most recent purchase payment. Guarantee Periods are offered at our discretion and may be 1, 3, 5, 7, or 10 range from on to ten years. We may change the Guarantee Periods available for future purchase payments or transfers allocated to the Fixed Account. We will mail you a notice prior to the expiration of each Sub-account outlining the options available at the end of a Guarantee Period. During the 30 day period after a Guarantee Period expires you may: / / - take no action and we will automatically renew the Sub-account value to a Guarantee Period of the same duration to be established on the day the previous Guarantee Period expired; or / / - notify us to apply the Sub-account value to a new Guarantee Period(s) to be established on the day the previous Guarantee Period expired; or / / - notify us to apply the Sub-account value to any Sub-account of the Variable Account on the day we receive the notification; or / / - receive a portion of the Sub-account value or the entire Sub-account value through a partial or full withdrawal that is not subject to a Market Value Adjustment. In this case, the amount withdrawn will be deemed to have been withdrawn on the day the Guarantee Period expired. The minimum amount that can be allocated to a new Sub-account is $500. CREDITING INTEREST. We credit interest daily to money allocated to the Fixed Account at a rate which compounds over one year to the interest rate we guaranteed when the money was allocated. We will credit interest to the initial purchase payment from the issue date. We will credit interest to subsequent purchase payments from the date we receive them. We will credit interest to transfers from the date the transfer is made. The interest rates will never be less than the minimum guaranteed rate shown on the Annuity Data Page. TRANSFERS. Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per Contract Certificate Year without charge. Each transfer after the 12th transfer in any Contract Certificate Year may be assessed a $10 transfer fee. Transfers are subject to the following restrictions. / / - The minimum amount that may be transferred into a Sub-account of the Fixed Account is $500. / / - Any transfer from a Sub-account of the Fixed Account at a time other than during the 30 day period after a Guarantee Period expires will be subject to a Market Value Adjustment. / / - If any transfer reduces the value of a Sub-account of the Fixed Account to less than $500, we will treat the request as a transfer of the entire Sub- account value. We reserve the right to waive the transfer fees and restrictions contained in this Contract. CONTRACT VALUE. Your "Contract Value" is equal to the sum of: / / the number of Accumulation Units you hold in each Sub-account of the Variable Account multiplied by the Accumulation Unit Value for that Sub- account on the most recent Valuation Date; plus / / the sum of Sub-account values in the Fixed Account. ACCUMULATION UNITS AND ACCUMULATION UNIT VALUE. Amounts which you allocate to a Sub-account of the Variable Account are used to purchase Accumulation Units in that Sub-account. The Accumulation Unit Value for each Sub-account at the end of any Valuation Period is calculated by multiplying the Accumulation Unit Value at the end of the immediately preceding Valuation Period by the Sub-account's Net Investment Factor for the Valuation Period. The Accumulation Unit Values may go up or down. Additions or transfers to a Sub-account of the Variable Account will increase the number of Accumulation Units for that Sub- account. Withdrawals or transfers from a Sub-account of the Variable Account will decrease the number of Accumulation Units for that Sub-account. VALUATION PERIOD AND VALUATION DATE. A "Valuation Period" is the time interval between the closing of the New York Stock Exchange on consecutive Valuation Dates. A "Valuation Date" is any date the New York Stock Exchange is open for trading. NET INVESTMENT FACTOR. For each Sub-account of the Variable Account, the "Net Investment Factor" for a Valuation Period is (A) divided by (B), minus (C) where:Certificate.

FIXED ACCOUNT. Allocation and credits to Fixed Account -- The Fixed Account is divided into Sub-accountswill receive the net payments allocated to it, guaranteed interest, excess interest and dollar amounts transferred from the Variable Account. A Sub-account is identified by the Guarantee Period and On the date we receive your purchase payment for the Guarantee Period beginsFixed Account, the net payment will be allocated to this account. You create a Sub-account when: / / you make a purchase payment; or / / you select a new Guarantee Period after As of the prior Sub-account expires; or / / you date we receive your request to transfer an amount from an existing Sub-account of the Variable Account or the Fixed Account. A Sub-account continues until the end of the Guarantee Period. You must select the Guarantee Period for all purchase payments and transfers allocated , such amount will be deposited to the Fixed Account. If you do not select a Guarantee Period for a purchase payment or transfer, we will assign the same period(s) as used for the most recent purchase payment. Guarantee Periods may be 1, 3, 5, 7, or 10 years. We may change the Guarantee Periods available for future All purchase payments or transfers allocated must be received at the Home Office. Guaranteed interest rate -- Prior to the Maturity Date, guaranteed interest will be credited to the Fixed Account. The guaranteed interest rate is shown on the Certificate Data page. This interest will be credited from: 1. the date the purchase payment is received by us; or 2. the date a dollar amount is transferred from the Variable Account. Excess interest rate -- We may pay interest in excess of the guaranteed amount. This excess interest will be credited on a daily basis to the Fixed Account. Any excess interest paid, as determined by us, will be applied on an equitable basis and credited to this class of certificates. The excess interest will be over and above the guaranteed interest applied to this class of certificates. Renewal of Fixed Account -- The Fixed Account will be automatically renewed on its Renewal Date. The new Renewal Date will be set for a period equal to the initial renewal period. You may choose a different Renewal Date if allowed by us. If you choose, you may withdraw the fixed cash value of the Fixed Account without charge or penalty on the Renewal Date. We will mail send you a notice 90 days prior to the expiration of each Sub-account outlining Renewal Date. This notice will explain your renewal rights. If you want a different Renewal Date or choose to withdraw the options available fixed cash value, your request must be received at least 30 days prior to the end of Renewal Date. If we do not receive a Guarantee Period. During the 30 day period after a Guarantee Period expires you may: / / take no action and request, we will automatically renew your Fixed Account. Upon each renewal, a new Certificate Data page will be sent to you. The guaranteed interest rate and the Sub-account value to a Guarantee Period of the same duration to be guaranteed settlement option factors are established on the day Certificate Date. These rates will never be changed. Transfers -- You may transfer money from the previous Guarantee Period expired; or / / notify us Fixed Account to apply the Sub-account value to a new Guarantee Period(s) to be established on the day the previous Guarantee Period expired; or / / notify us to apply the Sub-account value to any Sub-account various divisions of the Variable Account Account. Any 1 transfer must be for an amount not less than $1,000. A partial transfer may not be made if such transfer would reduce the Fixed Account's cash value to less than $600. Transfers must be made at least 30 days prior to the Maturity Date. The early withdrawal penalty will be charged when transfers are made at any time other than on the day Renewal Date. Your request to make a transfer must be sent to the Home Office. An approved transfer will be made as of the date we receive your request. Fixed Account cash withdrawal and surrender privilege -- You may at any time during the notification; Annuitant's lifetime and prior to the Maturity Date, elect to withdraw part or / / surrender all of the fixed cash value. Any one withdrawal must be for an amount not less than $200. We will deduct the surrender charges and early withdrawal penalties, if any, from the fixed cash value. The amount due will be sent to you. We will figure the fixed cash value of your account as of the date we receive your written request. The written request must be on a form satisfactory to us. The request must be sent to the Home Office. The payment is usually paid within 30 days. However, we reserve the right to postpone payment for not more than 6 months from the date your request was received by us. If payment is deferred after the 30 days, we will continue to credit current interest, if any. Surrender charge -- The surrender charge during the first 5 years is a portion of the Sub-account fixed cash value kept by us if you make a cash withdrawal from or the entire Sub-account value through a partial or full withdrawal that is not subject to a Market Value Adjustment. In this case, the amount withdrawn will be deemed to have been withdrawn on the day the Guarantee Period expired. The minimum amount that can be allocated to a new Sub-account is $500. CREDITING INTEREST. We credit interest daily to money allocated to the Fixed Account at a rate which compounds over one year to the interest rate we guaranteed when the money was allocated. We will credit interest to the initial purchase payment from the issue date. We will credit interest to subsequent purchase payments from the date we receive them. We will credit interest to transfers from the date the transfer is made. The interest rates will never be less than the minimum guaranteed rate shown on the Annuity Data Page. TRANSFERS. Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per Contract Year without charge. Each transfer after the 12th transfer in any Contract Year may be assessed a $10 transfer fee. Transfers are subject to the following restrictions. / / The minimum amount that may be transferred into a Sub-account of the Fixed Account is $500. / / Any transfer from a Sub-account of the Fixed Account at a time other than during the 30 day period after a Guarantee Period expires will be subject to a Market Value Adjustment. / / If any transfer reduces the value of a Sub-account of the Fixed Account to less than $500, we will treat the request as a transfer of the entire Sub- account value. We reserve the right to waive the transfer restrictions contained in this Contract. CONTRACT VALUE. Your "Contract Value" is equal to the sum of: / / the number of Accumulation Units you hold in each Sub-account of the Variable Account multiplied by the Accumulation Unit Value for that Sub- account on the most recent Valuation Date; plus / / the sum of Sub-account values in surrender the Fixed Account. ACCUMULATION UNITS AND ACCUMULATION UNIT VALUEThe rate varies by certificate year as shown on the Certificate Data page. Amounts which There is no surrender charge after the fifth certificate year. Early withdrawal penalty -- The early withdrawal penalty is a portion of the fixed cash value kept by us if you allocate make a partial withdrawal, make a transfer to a Sub-account of the Variable Account are used to purchase Accumulation Units in that Sub-accountor surrender this certificate for its total cash value. There will be no early withdrawal penalty for cash withdrawals, transfers or surrenders on any Renewal Date. The Accumulation Unit Value for each Sub-account at early withdrawal penalty is established on the end of any Valuation Period is calculated by multiplying Certificate Date. This fee will not be changed throughout the Accumulation Unit Value at the end lifetime of the immediately preceding Valuation Period by certificate prior to the Sub-account's Net Investment Factor for Maturity Date. Waiver of charges and penalties -- No surrender charge or early withdrawal penalty will be made on a partial withdrawal from the Valuation Period. The Accumulation Unit Values may go up Fixed Account or down. Additions or transfers a transfer to a Sub-account of the Variable Account will increase if all the number of Accumulation Units for that Sub- accountfollowing occur: 1. Withdrawals it is made after the certificate has been in force 2 years; 2. it is more than 12 months since the last transfer or transfers from a Sub-account of the Variable Account will decrease the number of Accumulation Units for that Sub-account. VALUATION PERIOD AND VALUATION DATE. A "Valuation Period" is the time interval between the closing of the New York Stock Exchange on consecutive Valuation Dates. A "Valuation Date" is any date the New York Stock Exchange is open for trading. NET INVESTMENT FACTOR. For each Sub-account of the Variable Account, the "Net Investment Factor" for a Valuation Period is (A) divided by (B), minus (C) where:withdrawal was made; and

FIXED ACCOUNT. The Option If you allocate all or part of a Purchase Payment to the Dollar Cost Averaging Fixed Account is divided Option, we will credit interest at a specified rate on amounts prior to their being transferred to Portfolios you select. Monthly transfers are made over the period that you select. You may not make another Purchase Payment to this option until the entire value in this option has been transferred out, and you may not transfer money into Sub-accountsthis option. A Sub-account is identified by You may not choose this option within 12 months of the Guarantee Period Annuity Date. Upon death of the Owner or surrender of the Contract, the minimum value that will be paid to the Beneficiary or Owner will not be less than 90% of your Purchase Payments allocated to the Dollar Cost Averaging Fixed Account Option accumulated at an annual effective interest rate of 3% each year, less prior transfers from the Dollar Cost Averaging Fixed Account Option accumulated at an annual effective interest rate of 3% each year. If necessary to meet this minimum, charges will be waived. Enhanced Fixed Account Option Each Purchase Payment allocated to the Enhanced Fixed Account Option will be credited with the interest rate established for the date that we receive the Purchase Payment. This rate will apply to the Purchase Payment for an initial period of at least 12 months from the date we receive it. We can adjust the interest rate after the completion of that initial period. The adjusted rate will apply to that Purchase Payment and its credited interest for at least 12 months, when the rate can again be adjusted. From then on, we cannot adjust the interest rate more often than every 12 months. Different interest rates may apply to each of your Purchase Payments depending on the interest rate established for the date that we received the Purchase Payment and any subsequent rate adjustments. For the purpose of crediting interest, when you take a withdrawal or make a transfer from the Enhanced Fixed Account Option, the Purchase Payment you last made, and the date the Guarantee Period beginsinterest credited to it, is considered to be withdrawn first. You create If you take a Sub-account when: / / you make withdrawal while a purchase payment; or / / you select a new Guarantee Period after the prior Sub-account expires; or / / you transfer an amount from an existing Sub-account distribution charge applies, your withdrawal may be less than your Purchase Payment(s). Upon annuitization, death of the Variable Owner, or a total withdrawal from the Enhanced Fixed Account Option, the minimum value that will be applied toward annuity payments or paid to the Fixed Account. A Sub-account continues until the end Beneficiary or Owner will not be less than 90% of the Guarantee Period. You must select the Guarantee Period for all purchase payments your Purchase Payments and transfers allocated to the Fixed Account. If you do not select a Guarantee Period for a purchase payment or transfer, we will assign the same period(s) as used for the most recent purchase payment. Guarantee Periods may be 1, 3, 5, 7, or 10 years. We may change the Guarantee Periods available for future purchase payments or transfers allocated to the Fixed Account. We will mail you a notice prior to the expiration of each Sub-account outlining the options available at the end of a Guarantee Period. During the 30 day period after a Guarantee Period expires you may: / / take no action and we will automatically renew the Sub-account value to a Guarantee Period of the same duration to be established on the day the previous Guarantee Period expired; or / / notify us to apply the Sub-account value to a new Guarantee Period(s) to be established on the day the previous Guarantee Period expired; or / / notify us to apply the Sub-account value to any Sub-account of the Variable Account on the day we receive the notification; or / / receive a portion of the Sub-account value or the entire Sub-account value through a partial or full withdrawal that is not subject to a Market Value Adjustment. In this case, the amount withdrawn will be deemed to have been withdrawn on the day the Guarantee Period expired. The minimum amount that can be allocated to a new Sub-account is $500. CREDITING INTEREST. We credit interest daily to money allocated to the Enhanced Fixed Account Option accumulated at a rate which compounds over one year to the an annual effective interest rate we guaranteed when the money was allocated. We will credit interest to the initial purchase payment from the issue date. We will credit interest to subsequent purchase payments from the date we receive them. We will credit interest to of 3% each year, less prior withdrawals and transfers from the date the transfer is made. The interest rates will never be less than the minimum guaranteed rate shown on the Annuity Data Page. TRANSFERS. Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per Contract Year without charge. Each transfer after the 12th transfer in any Contract Year may be assessed a $10 transfer fee. Transfers are subject to the following restrictions. / / The minimum amount that may be transferred into a Sub-account of the Enhanced Fixed Account is $500Option accumulated at an annual effective interest rate of 3% each year. / / Any transfer from a Sub-account of the Fixed Account at a time other than during the 30 day period after a Guarantee Period expires If necessary to meet this minimum, charges will be subject to a Market Value Adjustment. / / If any transfer reduces the value of a Sub-account of the Fixed Account to less than $500, we will treat the request as a transfer of the entire Sub- account value. We reserve the right to waive the transfer restrictions contained in this Contract. CONTRACT VALUE. Your "Contract Value" is equal to the sum of: / / the number of Accumulation Units you hold in each Sub-account of the Variable Account multiplied by the Accumulation Unit Value for that Sub- account on the most recent Valuation Date; plus / / the sum of Sub-account values in the Fixed Account. ACCUMULATION UNITS AND ACCUMULATION UNIT VALUE. Amounts which you allocate to a Sub-account of the Variable Account are used to purchase Accumulation Units in that Sub-account. The Accumulation Unit Value for each Sub-account at the end of any Valuation Period is calculated by multiplying the Accumulation Unit Value at the end of the immediately preceding Valuation Period by the Sub-account's Net Investment Factor for the Valuation Period. The Accumulation Unit Values may go up or down. Additions or transfers to a Sub-account of the Variable Account will increase the number of Accumulation Units for that Sub- account. Withdrawals or transfers from a Sub-account of the Variable Account will decrease the number of Accumulation Units for that Sub-account. VALUATION PERIOD AND VALUATION DATE. A "Valuation Period" is the time interval between the closing of the New York Stock Exchange on consecutive Valuation Dates. A "Valuation Date" is any date the New York Stock Exchange is open for trading. NET INVESTMENT FACTOR. For each Sub-account of the Variable Account, the "Net Investment Factor" for a Valuation Period is (A) divided by (B), minus (C) where:waived.

FIXED ACCOUNT. The Fixed Account is divided into Suba non-accountsunitized separate account (designated as Separate Account B) that We use to account for amounts allocated to Guarantee Periods under the Contract. A Sub-account is identified by the All amounts allocated to a Guarantee Period and the date the Guarantee Period begins. You create a Sub-account when: / / you make a purchase payment; Period, whether Net Purchase Payments or / / you select a new Guarantee Period after the prior Sub-account expires; or / / you transfer an amount from an existing Sub-account transfers, become part of the Variable Account or the Fixed Account. A Sub-account continues until FIXED ACCOUNT VALUE When we receive a purchase payment, all or that portion, if any, of the end Net Purchase Payment which is allocated to the Fixed Account will be allocated to the Guarantee Period(s) You select. Your Fixed Account Value, if any, for any Valuation Period is equal to the sum of the values in each of the Guarantee Periods. The value in any one Guarantee Period on a Valuation Date is the accumulated value of the Net Purchase Payment (or transfer) at the Guaranteed Interest Rate minus the accumulated value of surrenders and transfers out of that Guarantee Period at the Guaranteed Interest Rate. GUARANTEE PERIODS You may select one or more Guarantee Period(s) from those We make available. The period(s) selected will determine the Guaranteed Interest Rates(s). The Net Purchase Payment or the portion thereof (or amount transferred in accordance with the transfer privilege described below) allocated to a particular Guarantee Period will earn interest at the Guaranteed Interest Rate during the Guarantee Period. Guarantee Periods begin on the Date of Deposit or, in the case of a transfer, on the effective date of the transfer. The Guarantee Period is the number of years We credit the Guaranteed Interest Rate. The expiration date of any Guarantee Period is the last day of the Guarantee Period. You must select Subsequent Guarantee Periods begin on the first day following the expiration date. As a result of Guarantee Period for all renewals, additional purchase payments and transfers allocated to of portions of the Fixed Account. If you do not select a Contract Value, Guarantee Period for a purchase payment or transfer, we will assign Periods of the same period(s) as used for the most recent purchase payment. Guarantee Periods duration may be 1, 3, 5, 7, or 10 years. We may change the Guarantee Periods available for future purchase payments or transfers allocated to the Fixed Accounthave different expiration dates and Guaranteed Interest Rates. We will mail you a notice notify You In Writing at least 45 and no more than 60 days prior to the expiration of each Sub-account outlining the options available at the end of a date for any Guarantee Period. During the 30 day period after a Guarantee Period expires you may: / / take no action and we will automatically renew the Sub-account value to a A new Guarantee Period of the same duration to be established on the day as the previous Guarantee Period expired; or / / notify us to apply the Sub-account value to a new Guarantee Period(s) to be established on the day the previous Guarantee Period expired; or / / notify us to apply the Sub-account value to any Sub-account of the Variable Account on the day we receive the notification; or / / receive a portion of the Sub-account value or the entire Sub-account value through a partial or full withdrawal that is not subject to a Market Value Adjustment. In this case, the amount withdrawn will be deemed to have been withdrawn on the day the Guarantee Period expired. The minimum amount that can be allocated to a new Sub-account is $500. CREDITING INTEREST. We credit interest daily to money allocated to the Fixed Account at a rate which compounds over one year to the interest rate we guaranteed when the money was allocated. We will credit interest to the initial purchase payment from the issue date. We will credit interest to subsequent purchase payments from the date we receive them. We will credit interest to transfers from the date the transfer is made. The interest rates will never be less than the minimum guaranteed rate shown on the Annuity Data Page. TRANSFERS. Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per Contract Year without charge. Each transfer after the 12th transfer in any Contract Year may be assessed a $10 transfer fee. Transfers are subject to the following restrictions. / / The minimum amount that may be transferred into a Sub-account of the Fixed Account is $500. / / Any transfer from a Sub-account of the Fixed Account at a time other than during the 30 day period after a Guarantee Period expires will be subject to a Market Value Adjustment. / / If any transfer reduces the value of a Sub-account of the Fixed Account to less than $500, we will treat the request as a transfer of the entire Sub- account value. We reserve the right to waive the transfer restrictions contained in this Contract. CONTRACT VALUE. Your "Contract Value" is equal to the sum of: / / the number of Accumulation Units you hold in each Sub-account of the Variable Account multiplied by the Accumulation Unit Value for that Sub- account on the most recent Valuation Date; plus / / the sum of Sub-account values in the Fixed Account. ACCUMULATION UNITS AND ACCUMULATION UNIT VALUE. Amounts which you allocate to a Sub-account of the Variable Account are used to purchase Accumulation Units in that Sub-account. The Accumulation Unit Value for each Sub-account at the end of any Valuation Period is calculated by multiplying the Accumulation Unit Value begin automatically at the end of the immediately preceding Valuation previous Guarantee Period by unless We receive Written notice to the Sub-account's Net Investment Factor contrary at least 3 business days prior to the end of such Guarantee Period. You may elect a different Guarantee Period or Subaccount from those We offer at such time. GUARANTEED INTEREST RATES We will periodically establish an applicable Guaranteed Interest Rate for each Guarantee Period We offer. These rates will be guaranteed for the Valuation Period. The Accumulation Unit Values may go up or down. Additions or transfers to a Sub-account duration of the Variable Account will increase the number respective Guarantee Periods. No Guaranteed Interest Rate shall be less than an effective annual rate of Accumulation Units for that Sub- account. Withdrawals or transfers from a Sub-account of the Variable Account will decrease the number of Accumulation Units for that Sub-account. VALUATION PERIOD AND VALUATION DATE. A "Valuation Period" is the time interval between the closing of the New York Stock Exchange on consecutive Valuation Dates. A "Valuation Date" is any date the New York Stock Exchange is open for trading. NET INVESTMENT FACTOR. For each Sub-account of the Variable Account, the "Net Investment Factor" for a Valuation Period is (A) divided by (B), minus (C) where:3% per year.