Common use of JOINT AND CONTINGENT SURVIVOR OPTION Clause in Contracts

JOINT AND CONTINGENT SURVIVOR OPTION. This option provides payments for the life of the primary Annuitant. Payments will be made to the primary Annuitant as long as he or she is living. Upon the deaath of the primary Annuitant, payments will be made to the contingent Annuitant as long as he or she is living. If the Contingent Annuitant is not living upon the death of the Primary Annuitant, no payments will be made to the Contingent Annuitant. Table B shows some of the guaranteed rates for this option. V 6020 J (R10-97) -20- BP 602AY1 ANNUITY TABLES -------------------------------------------------------------------------------- TABLE A SETTLEMENT OPTIONS ONE, TWO, AND THREE MINIMUM INITIAL MONTHLY INSTALLMENTS PER $1,000 OF AMOUNT APPLIED -------------------------------------------------------------------------------- Option Two Adjusted Year Fixed Period Ends Age of Option One 5 10 15 20 Option Three Annuitant Life Only Years Years Years Years Unit Refund -------------------------------------------------------------------------------- MALE 55 4.99 4.97 4.91 4.80 4.66 4.73 56 5.09 5.07 5.00 4.88 4.72 4.81 57 5.20 5.17 5.10 4.97 4.78 4.90 58 5.32 5.29 5.20 5.05 4.85 4.99 59 5.44 5.41 5.31 5.14 4.91 5.08 60 5.57 5.53 5.42 5.23 4.97 5.18 61 5.71 5.67 5.54 5.33 5.04 5.29 62 5.86 5.81 5.67 5.42 5.10 5.40 63 6.02 5.97 5.80 5.52 5.16 5.51 64 6.20 6.13 5.94 5.62 5.22 5.63 65 6.38 6.31 6.08 5.72 5.28 5.76 66 6.58 6.49 6.23 5.82 5.33 5.90 67 6.79 6.69 6.38 5.92 5.38 6.04 68 7.02 6.90 6.54 6.02 5.43 6.19 69 7.26 7.12 6.71 6.12 5.48 6.35 70 5.50 5.48 5.39 5.24 5.01 5.20 71 7.80 7.60 7.05 6.30 5.55 6.69 72 8.09 7.86 7.22 6.39 5.59 6.88 73 8.41 8.13 7.40 6.47 5.62 7.07 74 8.75 8.42 7.57 6.55 5.64 7.27 75 9.12 8.72 7.75 6.62 5.66 7.49 FEMALE 55 4.54 4.53 4.51 4.46 4.38 4.40 56 4.62 4.61 4.58 4.53 4.44 4.47 57 4.71 4.70 4.66 4.60 4.51 4.54 58 4.80 4.79 4.75 4.68 4.57 4.62 59 4.90 4.88 4.84 4.76 4.64 4.70 60 5.00 4.99 4.93 4.84 4.70 4.78 61 5.11 5.09 5.03 4.93 4.77 4.87 62 5.23 5.21 5.14 5.02 4.84 4.96 63 5.36 5.33 5.25 5.12 4.91 5.06 64 5.49 5.46 5.37 5.21 4.98 5.17 65 5.64 5.60 5.50 5.31 5.05 5.28 66 5.79 5.75 5.63 5.42 5.12 5.39 67 5.95 5.91 5.77 5.53 5.19 5.52 68 6.13 6.08 5.91 5.63 5.25 5.65 69 6.32 6.26 6.07 5.74 5.32 5.79 70 6.53 6.46 6.23 5.86 5.37 5.94 71 6.75 6.67 6.40 5.97 5.43 6.09 72 6.99 6.89 6.58 6.08 5.48 6.26 73 7.26 7.13 6.76 6.18 5.52 6.44 74 7.54 7.39 6.95 6.29 5.57 6.63 75 7.85 7.67 7.14 6.39 5.60 6.83 Values not shown will be provided upon request. Annual, semiannual, or quarterly installments can be determined by multiplying the monthly installments by 11.812853, 5.9572227, and 2.9914196 respectively. -21- BP 602AY1 ANNUITY TABLES (CONTINUED) -------------------------------------------------------------------------------- TABLE B SETTLEMENT OPTIONS FOUR AND EIGHT MINIMUM INITIAL MONTHLY INSTALLMENT PER $1,000 OF AMOUNT APPLIED ADJUSTED AGE OF MALE AGE FEMALE ANNUITANT 55 60 62 65 70 75 -------------------------------------------------------------------------------- 55 4.16 4.27 4.30 4.35 4.42 4.47 60 4.34 4.51 4.57 4.66 4.78 4.86 62 4.41 4.61 4.68 4.79 4.94 5.04 65 4.51 4.76 4.85 4.99 5.20 5.35 70 4.66 4.99 5.13 5.34 5.67 5.95 75 4.78 5.19 5.37 5.66 6.16 6.63 Values not shown will be provided upon request. Annual, semiannual, or quarterly installments can be determined by multiplying hte monthly installments by 11.812853, 5.9572227, and 2.9914196 respectively. -------------------------------------------------------------------------------- TABLE C SETTLEMENT OPTION SEVEN MINIMUM INITIAL MONTHLY INSTALLMENT PER $1,000 OF AMOUNT APPLIED PERIOD CERTAIN

JOINT AND CONTINGENT SURVIVOR OPTION. This option provides payments for the life of the primary Annuitant. Annuitant Payments will be made to the primary Annuitant as long as he or she is living. Upon the deaath death of the primary Annuitant, payments will be made to the contingent Annuitant as long as he or she is living. If the Contingent Annuitant is not living upon the death of the Primary Annuitant, no payments will be made to the Contingent Annuitant. Table B shows some of the guaranteed rates for this option. V 6020 J (R10-97) -20- BP 602AY1 ANNUITY TABLES -------------------------------------------------------------------------------- TABLE A SETTLEMENT OPTIONS ONE, TWO, AND THREE MINIMUM INITIAL MONTHLY INSTALLMENTS PER $1,000 OF AMOUNT APPLIED -------------------------------------------------------------------------------- Adjusted Age Option One Option Two Adjusted Option Three of Annuitant Life Year Fixed Period Ends Age of Option One Unit Unisex Only 5 Years 10 Years 15 Years 20 Option Three Annuitant Life Only Years Years Years Years Unit Refund -------------------------------------------------------------------------------- MALE 55 4.99 4.97 4.91 4.80 4.66 4.73 56 5.09 5.07 5.00 4.88 4.72 4.81 57 5.20 5.17 5.10 4.97 4.78 4.90 58 5.32 5.29 5.20 5.05 4.85 4.99 59 5.44 5.41 5.31 5.14 4.91 5.08 60 5.57 5.53 5.42 5.23 4.97 5.18 61 5.71 5.67 5.54 5.33 5.04 5.29 62 5.86 5.81 5.67 5.42 5.10 5.40 63 6.02 5.97 5.80 5.52 5.16 5.51 64 6.20 6.13 5.94 5.62 5.22 5.63 65 6.38 6.31 6.08 5.72 5.28 5.76 66 6.58 6.49 6.23 5.82 5.33 5.90 67 6.79 6.69 6.38 5.92 5.38 6.04 68 7.02 6.90 6.54 6.02 5.43 6.19 69 7.26 7.12 6.71 6.12 5.48 6.35 70 5.50 5.48 5.39 5.24 5.01 5.20 71 7.80 7.60 7.05 6.30 5.55 6.69 72 8.09 7.86 7.22 6.39 5.59 6.88 73 8.41 8.13 7.40 6.47 5.62 7.07 74 8.75 8.42 7.57 6.55 5.64 7.27 75 9.12 8.72 7.75 6.62 5.66 7.49 FEMALE ------------ ---------- ------- -------- -------- -------- ------------ 55 4.54 4.53 4.51 4.46 4.38 4.40 56 4.62 4.61 4.58 4.53 4.44 4.47 57 4.71 4.70 4.66 4.60 4.51 4.54 58 4.80 4.79 4.75 4.68 4.57 4.62 59 4.90 4.88 4.84 4.76 4.64 4.70 60 5.00 4.99 4.93 4.84 4.70 4.78 61 5.11 5.09 5.03 4.93 4.77 4.87 62 5.23 5.21 5.14 5.02 4.84 4.96 63 5.36 5.33 5.25 5.12 4.91 5.06 64 5.49 5.46 5.37 5.21 4.98 5.17 65 5.64 5.60 5.50 5.31 5.05 5.28 66 5.79 5.75 5.63 5.42 5.12 5.39 67 5.95 5.91 5.77 5.53 5.19 5.52 68 6.13 6.08 5.91 5.63 5.25 5.65 69 6.32 6.26 6.07 5.74 5.32 5.79 70 6.53 6.46 6.23 5.86 5.37 5.94 71 6.75 6.67 6.40 5.97 5.43 6.09 72 6.99 6.89 6.58 6.08 5.48 6.26 73 7.26 7.13 6.76 6.18 5.52 6.44 74 7.54 7.39 6.95 6.29 5.57 6.63 75 7.85 7.67 7.14 6.39 5.60 6.83 Values not shown will be provided upon request. Annual, semiannual, or quarterly installments can be determined by multiplying the monthly installments by 11.812853, 5.9572227, and 2.9914196 respectively. -21- BP 602AY1 ANNUITY TABLES (CONTINUED) -------------------------------------------------------------------------------- TABLE B SETTLEMENT OPTIONS FOUR AND EIGHT MINIMUM INITIAL MONTHLY INSTALLMENT PER $1,000 OF AMOUNT APPLIED ADJUSTED AGE OF MALE ADJUSTED AGE FEMALE OF SECONDARY ANNUITANT PRIMARY ANNUITANT 55 60 62 65 70 75 -------------------------------------------------------------------------------- ----------------- ----- ---- ----- ---- ---- ---- 55 4.16 4.27 4.30 4.35 4.42 4.47 60 4.34 4.51 4.57 4.66 4.78 4.86 62 4.41 4.61 4.68 4.79 4.94 5.04 65 4.51 4.76 4.85 4.99 5.20 5.35 70 4.66 4.99 5.13 5.34 5.67 5.95 75 4.78 5.19 5.37 5.66 6.16 6.63 Values not shown will be provided upon request. Annual, semiannual, or quarterly installments can be determined by multiplying hte the monthly installments by 11.812853, 5.9572227, and 2.9914196 respectively. -------------------------------------------------------------------------------- TABLE C SETTLEMENT OPTION SEVEN MINIMUM INITIAL MONTHLY INSTALLMENT PER $1,000 OF AMOUNT APPLIED PERIOD CERTAIN

JOINT AND CONTINGENT SURVIVOR OPTION. This option provides payments for the life of the primary Annuitant. Payments will be made to the primary Annuitant as long as he or she is living. Upon the deaath of the primary Annuitant, payments will be made to the contingent Annuitant as long as he or she is living. If the Contingent Annuitant is not living upon the death of the Primary Annuitant, no payments will be made to the Contingent Annuitant. Table B shows some of the guaranteed rates for this option. V 6020 6020-1 J (R10-97) -20- BP 602AY1 602BK1 ANNUITY TABLES -------------------------------------------------------------------------------- TABLE A SETTLEMENT OPTIONS ONE, TWO, AND THREE MINIMUM INITIAL MONTHLY INSTALLMENTS PER $1,000 OF AMOUNT APPLIED -------------------------------------------------------------------------------- Option Two Adjusted Year Fixed Period Ends Age of Option One 5 10 15 20 Option Three Annuitant Life Only Years Years Years Years Unit Refund -------------------------------------------------------------------------------- MALE 55 4.99 4.97 4.91 4.80 4.66 4.73 56 5.09 5.07 5.00 4.88 4.72 4.81 57 5.20 5.17 5.10 4.97 4.78 4.90 58 5.32 5.29 5.20 5.05 4.85 4.99 59 5.44 5.41 5.31 5.14 4.91 5.08 60 5.57 5.53 5.42 5.23 4.97 5.18 61 5.71 5.67 5.54 5.33 5.04 5.29 62 5.86 5.81 5.67 5.42 5.10 5.40 63 6.02 5.97 5.80 5.52 5.16 5.51 64 6.20 6.13 5.94 5.62 5.22 5.63 65 6.38 6.31 6.08 5.72 5.28 5.76 66 6.58 6.49 6.23 5.82 5.33 5.90 67 6.79 6.69 6.38 5.92 5.38 6.04 68 7.02 6.90 6.54 6.02 5.43 6.19 69 7.26 7.12 6.71 6.12 5.48 6.35 70 5.50 5.48 5.39 5.24 5.01 5.20 71 7.80 7.60 7.05 6.30 5.55 6.69 72 8.09 7.86 7.22 6.39 5.59 6.88 73 8.41 8.13 7.40 6.47 5.62 7.07 74 8.75 8.42 7.57 6.55 5.64 7.27 75 9.12 8.72 7.75 6.62 5.66 7.49 FEMALE 55 4.54 4.53 4.51 4.46 4.38 4.40 56 4.62 4.61 4.58 4.53 4.44 4.47 57 4.71 4.70 4.66 4.60 4.51 4.54 58 4.80 4.79 4.75 4.68 4.57 4.62 59 4.90 4.88 4.84 4.76 4.64 4.70 60 5.00 4.99 4.93 4.84 4.70 4.78 61 5.11 5.09 5.03 4.93 4.77 4.87 62 5.23 5.21 5.14 5.02 4.84 4.96 63 5.36 5.33 5.25 5.12 4.91 5.06 64 5.49 5.46 5.37 5.21 4.98 5.17 65 5.64 5.60 5.50 5.31 5.05 5.28 66 5.79 5.75 5.63 5.42 5.12 5.39 67 5.95 5.91 5.77 5.53 5.19 5.52 68 6.13 6.08 5.91 5.63 5.25 5.65 69 6.32 6.26 6.07 5.74 5.32 5.79 70 6.53 6.46 6.23 5.86 5.37 5.94 71 6.75 6.67 6.40 5.97 5.43 6.09 72 6.99 6.89 6.58 6.08 5.48 6.26 73 7.26 7.13 6.76 6.18 5.52 6.44 74 7.54 7.39 6.95 6.29 5.57 6.63 75 7.85 7.67 7.14 6.39 5.60 6.83 Values not shown will be provided upon request. Annual, semiannual, or quarterly installments can be determined by multiplying the monthly installments by 11.812853, 5.9572227, and 2.9914196 respectively. -21- BP 602AY1 602BK1 ANNUITY TABLES (CONTINUED) -------------------------------------------------------------------------------- TABLE B SETTLEMENT OPTIONS FOUR AND EIGHT MINIMUM INITIAL MONTHLY INSTALLMENT PER $1,000 OF AMOUNT APPLIED ADJUSTED AGE OF MALE AGE FEMALE ANNUITANT 55 60 62 65 70 75 -------------------------------------------------------------------------------- 55 4.16 4.27 4.30 4.35 4.42 4.47 60 4.34 4.51 4.57 4.66 4.78 4.86 62 4.41 4.61 4.68 4.79 4.94 5.04 65 4.51 4.76 4.85 4.99 5.20 5.35 70 4.66 4.99 5.13 5.34 5.67 5.95 75 4.78 5.19 5.37 5.66 6.16 6.63 Values not shown will be provided upon request. Annual, semiannual, or quarterly installments can be determined by multiplying hte monthly installments by 11.812853, 5.9572227, and 2.9914196 respectively. -------------------------------------------------------------------------------- TABLE C SETTLEMENT OPTION SEVEN MINIMUM INITIAL MONTHLY INSTALLMENT PER $1,000 OF AMOUNT APPLIED PERIOD CERTAIN

JOINT AND CONTINGENT SURVIVOR OPTION. This option provides payments for the life of the primary Annuitant. Payments will be made to the primary Annuitant as long as he or she is living. Upon the deaath death of the primary Annuitant, payments will be made to the contingent Annuitant as long as he or she is living. If the Contingent Annuitant is not living upon the death of the Primary Annuitant, no payments will be made to the Contingent Annuitant. Table B shows some of the guaranteed rates for this option. V 6020 J (R10-97) -20- BP 602AY1 ANNUITY TABLES -------------------------------------------------------------------------------- TABLE A SETTLEMENT OPTIONS ONE, TWO, AND THREE MINIMUM INITIAL MONTHLY INSTALLMENTS PER $1,000 OF AMOUNT APPLIED -------------------------------------------------------------------------------- Adjusted Age Option One Option Two Adjusted Option Three of Annuitant Life Year Fixed Period Ends Age of Option One Unit Unisex Only 5 Years 10 Years 15 Years 20 Option Three Annuitant Life Only Years Years Years Years Unit Refund -------------------------------------------------------------------------------- MALE 55 4.99 4.97 4.91 4.80 4.66 4.73 56 5.09 5.07 5.00 4.88 4.72 4.81 57 5.20 5.17 5.10 4.97 4.78 4.90 58 5.32 5.29 5.20 5.05 4.85 4.99 59 5.44 5.41 5.31 5.14 4.91 5.08 60 5.57 5.53 5.42 5.23 4.97 5.18 61 5.71 5.67 5.54 5.33 5.04 5.29 62 5.86 5.81 5.67 5.42 5.10 5.40 63 6.02 5.97 5.80 5.52 5.16 5.51 64 6.20 6.13 5.94 5.62 5.22 5.63 65 6.38 6.31 6.08 5.72 5.28 5.76 66 6.58 6.49 6.23 5.82 5.33 5.90 67 6.79 6.69 6.38 5.92 5.38 6.04 68 7.02 6.90 6.54 6.02 5.43 6.19 69 7.26 7.12 6.71 6.12 5.48 6.35 70 5.50 5.48 5.39 5.24 5.01 5.20 71 7.80 7.60 7.05 6.30 5.55 6.69 72 8.09 7.86 7.22 6.39 5.59 6.88 73 8.41 8.13 7.40 6.47 5.62 7.07 74 8.75 8.42 7.57 6.55 5.64 7.27 75 9.12 8.72 7.75 6.62 5.66 7.49 FEMALE ----------- ---------- ------- -------- -------- -------- ------------ 55 4.54 4.53 4.51 4.46 4.38 4.40 56 4.62 4.61 4.58 4.53 4.44 4.47 57 4.71 4.70 4.66 4.60 4.51 4.54 58 4.80 4.79 4.75 4.68 4.57 4.62 59 4.90 4.88 4.84 4.76 4.64 4.70 60 5.00 4.99 4.93 4.84 4.70 4.78 61 5.11 5.09 5.03 4.93 4.77 4.87 62 5.23 5.21 5.14 5.02 4.84 4.96 63 5.36 5.33 5.25 5.12 4.91 5.06 64 5.49 5.46 5.37 5.21 4.98 5.17 65 5.64 5.60 5.50 5.31 5.05 5.28 66 5.79 5.75 5.63 5.42 5.12 5.39 67 5.95 5.91 5.77 5.53 5.19 5.52 68 6.13 6.08 5.91 5.63 5.25 5.65 69 6.32 6.26 6.07 5.74 5.32 5.79 70 6.53 6.46 6.23 5.86 5.37 5.94 71 6.75 6.67 6.40 5.97 5.43 6.09 72 6.99 6.89 6.58 6.08 5.48 6.26 73 7.26 7.13 6.76 6.18 5.52 6.44 74 7.54 7.39 6.95 6.29 5.57 6.63 75 7.85 7.67 7.14 6.39 5.60 6.83 Values not shown will be provided upon request. Annual, semiannual, or quarterly installments can be determined by multiplying the monthly installments by 11.812853, 5.9572227, and 2.9914196 respectively. -21- BP 602AY1 ANNUITY TABLES (CONTINUED) -------------------------------------------------------------------------------- TABLE B SETTLEMENT OPTIONS FOUR AND EIGHT MINIMUM INITIAL MONTHLY INSTALLMENT PER $1,000 OF AMOUNT APPLIED ADJUSTED AGE OF MALE AGE FEMALE ANNUITANT Adjusted Age of Adjusted Age of Secondary Annuitant Primary Annuitant 55 60 62 65 70 75 -------------------------------------------------------------------------------- ----------------- ---- ---- ---- ---- ---- ---- 55 4.16 4.27 4.30 4.35 4.42 4.47 60 4.34 4.51 4.57 4.66 4.78 4.86 62 4.41 4.61 4.68 4.79 4.94 5.04 65 4.51 4.76 4.85 4.99 5.20 5.35 70 4.66 4.99 5.13 5.34 5.67 5.95 75 4.78 5.19 5.37 5.66 6.16 6.63 Values not shown will be provided upon request. Annual, semiannual, or quarterly installments can be determined by multiplying hte the monthly installments by 11.812853, 5.9572227, and 2.9914196 respectively. -------------------------------------------------------------------------------- TABLE C SETTLEMENT OPTION SEVEN MINIMUM INITIAL MONTHLY INSTALLMENT PER $1,000 OF AMOUNT APPLIED PERIOD CERTAIN