Common use of GUARANTEED WITHDRAWAL PERCENTAGE Clause in Contracts

GUARANTEED WITHDRAWAL PERCENTAGE. The percentage of an Income Base that may be taken as a Guaranteed Withdrawal each Year without reducing the A[Annual Guaranteed Withdrawal Amount] B[. If the Spousal Benefit under Section 5 is not elected at the Guaranteed Withdrawal Lock-In Date, then the Guaranteed Withdrawal Percentage shall be determined] as follows: Participant Age on Guaranteed Withdrawal Lock-In Date Guaranteed Withdrawal Percentage B[without Spousal Benefit] C[Age 55-64 C[4.25% Age 65-69 5.00% Age 70+] 5.75%] B[If the Spousal Benefit under Section 5 is elected at the Guaranteed Withdrawal Lock-In Date, then the Guaranteed Withdrawal Percentage shall be determined as follows:] B[If the Spouse is eligible to receive the Spousal Benefit under Section 5, and the Spouse is younger than the Participant, the Guaranteed Withdrawal Percentage will be determined by using the Spouse’s age, instead of the Participant’s, on the Participant’s Guaranteed Withdrawal Lock-In Date. ] B[ Lower Age of Eligible Spouse or Participant on Guaranteed Withdrawal Lock-In Date Guaranteed Withdrawal Percentage with Spousal Benefit C[Age 55-64 C[3.75% Age 65-69 4.50% Age 70+] 5.25%] ] B[15. HIGHEST BIRTHDAY VALUE. The Guaranteed Withdrawal Market Value on the Start Date, and thereafter the highest Guaranteed Withdrawal Market Value as of each of a Participant’s Birthdays after the Start Date until the Valuation Date immediately prior to the Guaranteed Withdrawal Lock-In Date. Each Highest Birthday Value attained is increased by the initial amount of each subsequent Deposit or Transfer allocated to an Eligible Investment. GA-2020-TGWB-REG-2014 Each Withdrawal before the Guaranteed Withdrawal Lock-In Date will reduce the then current Highest Birthday Value by the percentage equivalent to the ratio of (i) the Withdrawal and (ii) the Guaranteed Withdrawal Market Value on the Valuation Date of the Withdrawal before the Guaranteed Withdrawal Market Value is reduced by the amount of the Withdrawal. If such reduction occurs, then any subsequent increase or decrease in the Highest Birthday Value shall be from the reduced Highest Birthday Value. If the Participant dies before the Guaranteed Withdrawal Lock-In Date, the Highest Birthday Value is reset to equal zero and any Spouse of the Participant on the date of death named as E[sole] beneficiary of such Participant shall have the rights specified in Section 6.2. After the Guaranteed Withdrawal Lock-In Date, the Highest Birthday Value terminates and is not used in determining the Income Base.]

GUARANTEED WITHDRAWAL PERCENTAGE. The percentage of an Income Base that may be taken as a Guaranteed Withdrawal each Year without reducing the A[Annual Guaranteed Withdrawal Amount] B[. If the Spousal Benefit under Section 5 is not elected at the Guaranteed Withdrawal Lock-In Date, then the Guaranteed Withdrawal Percentage shall be determined] as follows: Participant Age on Guaranteed Withdrawal Lock-Lock- In Date Guaranteed Withdrawal Percentage B[without Spousal Benefit] C[Age 55-64 C[4.25% Age 65-69 5.00% Age 70+] 5.75%] B[If the Spousal Benefit under Section 5 is elected at the Guaranteed Withdrawal Lock-In Date, then the Guaranteed Withdrawal Percentage shall be determined as follows:] B[If the Spouse is eligible to receive the Spousal Benefit under Section 5, and the Spouse is younger than the Participant, the Guaranteed Withdrawal Percentage will be determined by using the Spouse’s age, instead of the Participant’s, on the Participant’s Guaranteed Withdrawal Lock-In Date. ] B[ Lower Age of Eligible Spouse or Participant on Guaranteed Withdrawal Lock-In Date Guaranteed Withdrawal Percentage with Spousal Benefit C[Age 55-64 C[3.75% Age 65-69 4.50% Age 70+] 5.25%] ] B[15. HIGHEST BIRTHDAY VALUE. The Guaranteed Withdrawal Market Value on the Start Date, and thereafter the highest Guaranteed Withdrawal Market Value as of each of a Participant’s Birthdays after the Start Date until the Valuation Date immediately prior to the Guaranteed Withdrawal Lock-In Date. Each Highest Birthday Value attained is increased by the initial amount of each subsequent Deposit or Transfer allocated to an Eligible Investment. GA-2020GA-2060-TGWB-REG-2014 TGWB-0805 Each Withdrawal before the Guaranteed Withdrawal Lock-In Date will reduce the then current Highest Birthday Value by the percentage equivalent to the ratio of (i) the Withdrawal and (ii) the Guaranteed Withdrawal Market Value on the Valuation Date of the Withdrawal before the Guaranteed Withdrawal Market Value is reduced by the amount of the Withdrawal. If such reduction occurs, then any subsequent increase or decrease in the Highest Birthday Value shall be from the reduced Highest Birthday Value. If the Participant dies before the Guaranteed Withdrawal Lock-In Date, the Highest Birthday Value is reset to equal zero and any Spouse of the Participant on the date of death named as E[sole] beneficiary of such Participant shall have the rights specified in Section 6.2. After the Guaranteed Withdrawal Lock-In Date, the Highest Birthday Value terminates and is not used in determining the Income Base.]

GUARANTEED WITHDRAWAL PERCENTAGE. The percentage of an Income Base that may be taken as a Guaranteed Withdrawal each Year without reducing the A[Annual Guaranteed Withdrawal Amount] B[. If the Spousal Benefit under Section 5 is not elected at the Guaranteed Withdrawal Lock-In Date, then the Guaranteed Withdrawal Percentage shall be determined] as follows: Participant Age on Guaranteed Withdrawal Lock-Lock- In Date Guaranteed Withdrawal Percentage B[without Spousal Benefit] C[Age 55-64 C[4.25% Age 65-69 5.00% Age 70+] 5.75%] B[If the Spousal Benefit under Section 5 is elected at the Guaranteed Withdrawal Lock-In Date, then the Guaranteed Withdrawal Percentage shall be determined as follows:] B[If the Spouse is eligible to receive the Spousal Benefit under Section 5, and the Spouse is younger than the Participant, the Guaranteed Withdrawal Percentage will be determined by using the Spouse’s age, instead of the Participant’s, on the Participant’s Guaranteed Withdrawal Lock-In Date. ] B[ Lower Age of Eligible Spouse or Participant on Guaranteed Withdrawal Lock-In Date Guaranteed Withdrawal Percentage with Spousal Benefit C[Age 55-64 C[3.75% Age 65-69 4.50% Age 70+] 5.25%] ] B[15. HIGHEST BIRTHDAY VALUE. The Guaranteed Withdrawal Market Value on the Start Date, and thereafter the highest Guaranteed Withdrawal Market Value as of each of a Participant’s Birthdays after the Start Date until the Valuation Date immediately prior to the Guaranteed Withdrawal Lock-In Date. Each Highest Birthday Value attained is increased by the initial amount of each subsequent Deposit or Transfer allocated to an Eligible Investment. GA-2020-TGWB-REG-2014 Each Withdrawal before the Guaranteed Withdrawal Lock-In Date will reduce the then current Highest GA-2020-TGWB-REG-2014 Birthday Value by the percentage equivalent to the ratio of (i) the Withdrawal and (ii) the Guaranteed Withdrawal Market Value on the Valuation Date of the Withdrawal before the Guaranteed Withdrawal Market Value is reduced by the amount of the Withdrawal. If such reduction occurs, then any subsequent increase or decrease in the Highest Birthday Value shall be from the reduced Highest Birthday Value. If the Participant dies before the Guaranteed Withdrawal Lock-In Date, the Highest Birthday Value is reset to equal zero and any Spouse of the Participant on the date of death named as E[sole] beneficiary of such Participant shall have the rights specified in Section 6.2. After the Guaranteed Withdrawal Lock-In Date, the Highest Birthday Value terminates and is not used in determining the Income Base.]

GUARANTEED WITHDRAWAL PERCENTAGE. The percentage of an Income Base that may be taken as a Guaranteed Withdrawal each Year without reducing the A[Annual Guaranteed Withdrawal Amount] B[. If the Spousal Benefit under Section 5 is not elected at the Guaranteed Withdrawal Lock-In Date, then the Guaranteed Withdrawal Percentage shall be determined] as follows: Participant Age on Guaranteed Withdrawal Lock-Lock- In Date Guaranteed Withdrawal Percentage B[without Spousal Benefit] C[Age 55-64 C[4.25% Age 65-69 5.00% Age 70+] 5.75%] B[If the Spousal Benefit under Section 5 is elected at the Guaranteed Withdrawal Lock-In Date, then the Guaranteed Withdrawal Percentage shall be determined as follows:] B[If the Spouse is eligible to receive the Spousal Benefit under Section 5, and the Spouse is younger than the Participant, the Guaranteed Withdrawal Percentage will be determined by using the Spouse’s age, instead of the Participant’s, on the Participant’s Guaranteed Withdrawal Lock-In Date. ] B[ Lower Age of Eligible Spouse or Participant on Guaranteed Withdrawal Lock-In Date Guaranteed Withdrawal Percentage with Spousal Benefit C[Age 55-64 C[3.75% Age 65-69 4.50% Age 70+] 5.25%] ] B[15. HIGHEST BIRTHDAY VALUE. The Guaranteed Withdrawal Market Value on the Start Date, and thereafter the highest Guaranteed Withdrawal Market Value as of each of a Participant’s Birthdays after the Start Date until the Valuation Date immediately prior to the Guaranteed Withdrawal Lock-In Date. Each Highest Birthday Value attained is increased by the initial amount of each subsequent Deposit or Transfer allocated to an Eligible Investment. GA-2020GA-2060-TGWB-REG-2014 TGWB-2014 Each Withdrawal before the Guaranteed Withdrawal Lock-In Date will reduce the then current Highest Birthday Value by the percentage equivalent to the ratio of (i) the Withdrawal and (ii) the Guaranteed Withdrawal Market Value on the Valuation Date of the Withdrawal before the Guaranteed Withdrawal Market Value is reduced by the amount of the Withdrawal. If such reduction occurs, then any subsequent increase or decrease in the Highest Birthday Value shall be from the reduced Highest Birthday Value. If the Participant dies before the Guaranteed Withdrawal Lock-In Date, the Highest Birthday Value is reset to equal zero and any Spouse of the Participant on the date of death named as E[sole] beneficiary of such Participant shall have the rights specified in Section 6.2. After the Guaranteed Withdrawal Lock-In Date, the Highest Birthday Value terminates and is not used in determining the Income Base.]