Common use of JOINT AND LAST SURVIVOR ANNUITY Clause in Contracts

JOINT AND LAST SURVIVOR ANNUITY. We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. If at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of Annuity Payments made as selected, Annuity Payments will continue to be made for the remainder of the Guaranteed Period. You may elect to have the present value of the guaranteed Variable Annuity Payments remaining, as of the date due proof of the Annuitant's death is received at our Annuity Service Office, commuted at the Assumed Investment Return selected. We will require the return of this Contract and proof of death prior to the payment of any commuted values. ANNUITY -- You can elect to have the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you will be the payee of the Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be made. The dollar amount of the first Variable Annuity Payment is determined as follows. The first Variable Annuity Payment will be based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:

JOINT AND LAST SURVIVOR ANNUITY. We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with JOINT AND LAST SURVIVOR ANNUITY WITH 10 Years of Annuity Payments Guaranteed -- YEARS OF ANNUITY PAYMENTS GUARANTEED We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. If at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of Annuity Payments made as selected, Annuity Payments will continue to be made for the remainder of the Guaranteed Period. You may elect to have the present value of the guaranteed Variable Annuity Payments remaining, as of the date due proof of the Annuitant's death is received at our Annuity Service Office, commuted at the Assumed Investment Return selected. We will require the return of this Contract and proof of death prior to the payment of any commuted values. ANNUITY -- You can elect to have the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you will be the payee of the Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be made. The dollar amount of the first Variable Annuity Payment is determined as follows. The first Variable Annuity Payment will be based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:.

JOINT AND LAST SURVIVOR ANNUITY. We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. If at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of Annuity Payments made as selected, Annuity Payments will continue to be made for the remainder of the Guaranteed Period. You An Owner may elect to have the present value of the guaranteed Variable Annuity Payments remaining, as of the date due proof of the Annuitant's death is received at our Annuity Service Office, commuted at the Assumed Investment Return selected. We will require the return of this Contract the Owner's Certificate and proof of death prior to the payment of any commuted values. ANNUITY -- You An Owner can elect to have the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you the Owner will be the payee of the Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your an Owner's first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contractthe Owner's Certificate, then the greater payment will be made. The dollar amount of the first Variable Annuity Payment is determined as follows. The first Variable Annuity Payment will be based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this the Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level, as selected. If at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 120 or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You or your designated payee may elect to have the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof notice of the Annuitant's death is received at our Annuity Service Officeby us, commuted at the Assumed Investment Return selectedselected for a Variable Annuity or for a Fixed Annuity the Statutory Calendar Year Interest Rate based on the NAIC Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Income Date. We will require the return of this Contract and proof of death prior to the payment of any commuted values. ANNUITY -- You can elect to have the Annuity Option payable as Fixed OPTION 5 - REFUND LIFE ANNUITY. We will make monthly Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect during the investment experience lifetime of the Separate Account in accordance Annuitant ceasing with the allocation of the Account Value last Annuity Payment due prior to the Subaccounts. Unless another payee is designatedAnnuitant's death with a guarantee that at the Annuitant's death, you will receive a refund. For a Fixed Annuity the amount of the refund will be any excess of the amount of the Adjusted Contract Value applied under this Option over the total of all Annuity Payments made under this Option. For a Variable Annuity the amount of the refund will be the payee then dollar value of the number of Annuity Units equal to (1) the Adjusted Contract Value applied to this Option divided by the Annuity Unit value used to determine the first Annuity Payment, minus (2) the product of the number of the Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Units represented by each monthly Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, Payment and the appropriate Fixed Annuity Option Table. If, as number of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be payments made. The dollar amount of the first Variable Annuity Payment is determined as follows. The first Variable Annuity Payment This calculation will be based upon the assumption that the allocation of Annuity Option elected, Units actually in-force at the time of the Annuitant's Attained Age death had been the allocation of Annuity Units at issue and sex, and at all times thereafter. If the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment refund calculated above is not greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment zero there will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:no refund paid.

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH 120 OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level, as selected. If at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 120 or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You may elect to have the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof notice of the last Annuitant's death is received at our Annuity Service Officeby us, commuted at the Assumed Investment Return selectedselected for a Variable Annuity or for a Fixed Annuity the Statutory Calendar Year Interest Rate based on the NAIC Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Annuity Date. We will require the return of this Contract and proof of death prior to the payment of any commuted values. ANNUITY -- You can elect to have the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you will be the payee of the Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be made. The dollar amount of the first Variable Annuity Payment is determined as follows. The first Variable Annuity Payment will be based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:.

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH MONTHLY PAYMENTS OVER 5, 10, 15, OR 20 YEARS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level. If The Company guarantees that if at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You Alternatively, the Contract Owner may elect to have us make a lump-sum payment equal to the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof of the Annuitant's and Joint Annuitant's death is received at our Annuity the Service OfficeCenter, commuted at an appropriate rate as defined below. Proof of death of the Assumed Investment Return selected. We will require the Annuitant and Joint Annuitant and return of this Contract and proof of death are required prior to the payment of any commuted values. ANNUITY -- You can elect to have For a fixed Annuity Option, the lump sum payment alternative is not available. For a variable Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect Option, the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you commutation rate will be the payee Assumed Investment Return. OPTION 5 - REFUND LIFE ANNUITY. We will make monthly Annuity Payments during the lifetime of the Annuitant ceasing with the last Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days Payment due prior to the Annuitant's death. At the Annuitant's death, you may receive a refund. For a fixed Annuity Date. The Adjusted Account Value is Option, the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 refund will be any excess of the Adjusted Account Contract Value is shown in applied under this Option over the Annuity Tables. FIXED ANNUITY -- Fixed total of all Annuity Payments are based upon the made under this Option. For a variable Annuity Option electedOption, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be made. The dollar amount of the first Variable Annuity Payment is determined as followsrefund will depend on the current Investment Option allocation and will be the sum of refund amounts attributable to each Investment Option. The first Variable Annuity Payment will be based upon refund amount for a given Investment Option is calculated using the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as followsfollowing formula:

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint one Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivorsurviving Joint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH MONTHLY PAYMENTS OVER 5, 10, 15, 0R 20 YEARS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level. If The Company guarantees that if at the last death of the Annuitant and the Joint Annuitant, there have been less fewer than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You Alternatively, the Contract Owner may elect to have receive a lump-sum payment equal to the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof of the Annuitant's and Joint Annuitant's death is received at our Annuity the Service OfficeCenter, commuted at an appropriate rate as defined below. Proof of death of the Assumed Investment Return selected. We will require the Annuitant and Joint Annuitant and return of this the Contract and proof of death are required prior to the payment of any commuted values. ANNUITY -- You can elect to have For a fixed Annuity Option, the lump-sum payment alternative is not available. For a variable Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect Option, the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you commutation rate will be the payee Assumed Investment Return. OPTION 5 - REFUND LIFE ANNUITY. We will make monthly Annuity Payments during the lifetime of the Annuitant ceasing with the last Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days Payment due prior to the Annuitant's death with a guarantee that after the Annuitant's death, you may receive a refund. For a fixed Annuity Date. The Adjusted Account Value is Option, the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 refund will be any excess of the Adjusted Account Contract Value is shown in applied under this Option over the Annuity Tables. FIXED ANNUITY -- Fixed sum of all Annuity Payments are based upon the made under this Option. For a variable Annuity Option electedOption, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be made. The dollar amount of the first Variable Annuity Payment is determined as followsrefund will depend on the current Investment Option allocation and will be the sum of refund amounts attributable to each Investment Option. The first Variable Annuity Payment will be based upon refund amount for a given Investment Option is calculated using the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as followsfollowing formula: (1) x {[(2) x (3) x (4)/(5)] - [(4) x (6)]} P40059 (5-03) 15 where:

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH MONTHLY PAYMENTS OVER 5, 10, 15, 0R 20 YEARS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level. If The Company guarantees that if at the last death of the Annuitant and the Joint Annuitant, there have been less fewer than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You Alternatively, the Contract Owner may elect to have receive a lump-sum payment equal to the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof of the Annuitant's and Joint Annuitant's death is received at our Annuity the Service OfficeCenter, commuted at an appropriate rate as defined below. Proof of death of the Assumed Investment Return selected. We will require the Annuitant and Joint Annuitant and return of this the Contract and proof of death are required prior to the payment of any commuted values. ANNUITY -- You can elect to have For a fixed Annuity Option, commutation is not available. For a variable Annuity Option, the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you commutation rate will be the payee Assumed Investment Return. OPTION 5 - REFUND LIFE ANNUITY. We will make monthly Annuity Payments during the lifetime of the Annuitant ceasing with the last Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days Payment due prior to the Annuitant's death with a guarantee that after the Annuitant's death, you may receive a refund. For a Fixed Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment refund will be any excess of the amount available for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option applied under this Contract, then Option over the greater payment will be madesum of all Annuity Payments made under this Option. The dollar For a Variable Annuity the amount of the first Variable Annuity Payment is determined as followsrefund will depend on the current Sub-Account allocation and will be the sum of Refund Amounts attributable to each Sub-Account. The first Variable Annuity Payment will be based upon Refund Amount for a given Sub-Account is calculated using the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as followsfollowing formula:

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH MONTHLY PAYMENTS OVER 5, 10, 15, 0R 20 YEARS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level. If The Company guarantees that if at the last death of the Annuitant and the Joint Annuitant, there have been less fewer than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You Alternatively, the Contract Owner may elect to have receive a lump-sum payment equal to the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof of the Annuitant's and Joint Annuitant's death is received at our Annuity the Service OfficeCenter, commuted at an appropriate rate as defined below. Proof of death of the Assumed Investment Return selected. We will require the Annuitant and Joint Annuitant and return of this the Contract and proof of death are required prior to the payment of any commuted values. ANNUITY -- You can elect to have For a fixed Annuity Option, the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you commutation rate will be the payee Statutory Calendar Year Interest Rate based on the New York's Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Income Date. For a variable Annuity Option, the commutation rate will be the Assumed Investment Return. OPTION 5 - REFUND LIFE ANNUITY. We will make monthly Annuity Payments during the lifetime of the Annuitant ceasing with the last Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days Payment due prior to the Annuitant's death with a guarantee that after the Annuitant's death, you may receive a refund. For a Fixed Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment refund will be any excess of the amount available for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option applied under this Contract, then Option over the greater payment will be madesum of all Annuity Payments made under this Option. The dollar For a Variable Annuity the amount of the first Variable Annuity Payment is determined as followsrefund will depend on the current Sub-Account allocation and will be the sum of Refund Amounts attributable to each Sub-Account. The first Variable Annuity Payment will be based upon Refund Amount for a given Sub-Account is calculated using the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as followsfollowing formula:

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH 60, 120, 180, OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level, as selected. If at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You The Certificate Owner or the Certificate Owner's designated payee may elect to have the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof notice of the Annuitant's death is received at our Annuity Service Officeby us, commuted at the Assumed Investment Return selectedselected for a Variable Annuity or for a Fixed Annuity the Statutory Calendar Year Interest Rate based on the New York's Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Income Date. We will require the return of this Contract the Certificate and proof of death prior to the payment of any commuted values. ANNUITY -- You can elect to have the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you will be the payee of the Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be made. The dollar amount of the first Variable Annuity Payment is determined as follows. The first Variable Annuity Payment will be based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:.

JOINT AND LAST SURVIVOR ANNUITY. We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. If at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of Annuity Payments made as selected, Annuity Payments will continue to be made for the remainder of the Guaranteed Period. You may elect to have the present value of the guaranteed Variable Annuity Payments remaining, as of the date due proof of the Annuitant's death is received at our Annuity Service Office, commuted at the Assumed Investment Return selected. We will require the return of this Contract and proof of death prior to the payment of any commuted values. ANNUITY -- You can elect to have the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you will be the payee of the Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be made. The dollar amount of the first Variable Annuity Payment is determined as follows. The first Variable Annuity Payment will be based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:.

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint one Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivorsurviving Joint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH MONTHLY PAYMENTS OVER 5, 10, 15, OR 20 YEARS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level. If The Company guarantees that if at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You Alternatively, the Contract Owner may elect to have receive a lump-sum payment equal to the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof of the Annuitant's and /or Joint Annuitant's death is received at our Annuity the Service OfficeCenter, commuted at an appropriate rate as defined below. Proof of death of the Assumed Investment Return selected. We will require the Annuitant and Joint Annuitant and return of this Contract and proof of death are required prior to the payment of any commuted values. ANNUITY -- You can elect to have For a fixed Annuity Option, the lump sum payment alternative is not available. For a variable Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect Option, the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you commutation rate will be the payee Assumed Investment Return. OPTION 5 - REFUND LIFE ANNUITY. We will make monthly Annuity Payments during the lifetime of the Annuitant ceasing with the last Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days Payment due prior to the Annuitant's death. With a guarantee that after the Annuitant's death, you may receive a refund. For a fixed Annuity Date. The Adjusted Account Value is Option, the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 refund will be any excess of the Adjusted Account Contract Value is shown in applied under this Option over the Annuity Tables. FIXED ANNUITY -- Fixed total of all Annuity Payments are based upon the made under this Option. For a variable Annuity Option electedOption, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be made. The dollar amount of the first Variable Annuity Payment is determined as followsrefund will depend on the current Investment Option allocation and will be the sum of refund amounts attributable to each Investment Option. The first Variable Annuity Payment will be based upon refund amount for a given Investment Option is calculated using the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as followsfollowing formula:

JOINT AND LAST SURVIVOR ANNUITY. We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. If at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of Annuity Payments made as selected, Annuity Payments will continue to be made for the remainder of the Guaranteed Period. You may elect to have the present value of the guaranteed Variable Annuity Payments remaining, as of the date due proof of the Annuitant's death is received at our Annuity Service Office, commuted at the Assumed Investment Return selected. We will require the return of this Contract and proof of death prior to the payment of any commuted values. ANNUITY -- You can elect to have the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you will be the payee of the Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be made. The dollar amount of the first Variable Annuity Payment is determined as follows. The first Variable Annuity Payment will be based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH MONTHLY PAYMENTS OVER 5, 10, 15, OR 20 YEARS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level. If The Company guarantees that if at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You Alternatively, the Contract Owner may elect to have receive a lump-sum payment equal to the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof of the Annuitant's and Joint Annuitant's death is received at our Annuity the Service OfficeCenter, commuted at an appropriate rate. Proof of death of the Assumed Investment Return selected. We will require the Annuitant and Joint Annuitant and return of this Contract and proof of death are required prior to the payment of any commuted values. ANNUITY -- You can elect to have For a fixed Annuity Option, the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you commutation rate will be the payee Statutory Calendar Year Interest Rate based on the NAIC Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Income Date. For a variable Annuity Option, the commutation rate will be the Assumed Investment Return as shown on the Contract Schedule. For a variable Annuity Option, the guaranteed monthly Annuity Payments remaining is based on the current value of the Annuity Payments. The Adjusted Account Value will be applied to During the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount lifetime of the first payment for each $1,000 Annuitant or Joint Annuitant and while the number of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon made is less than the Annuity Option guaranteed number of payments elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Contract Owner electing a variable Annuity Option Tablemay request a withdrawal (partial Liquidation). IfYou will be allowed to make a partial Liquidation at least once per Contract Year beginning no earlier than set forth in the Contract Schedule. The total of all partial Liquidations, measured as the sum of the percentages of the total Liquidation Value at the time of each partial Liquidation, cannot exceed the amount shown on the Contract Schedule. A Commutation Fee will be subtracted from the amount liquidated before the proceeds are paid out. Partial Liquidations will be processed on the next Annuity Calculation DatePayment date following your written request. After a partial Liquidation, the then-current Fixed subsequent monthly Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is Payments during the remaining guaranteed under the same Annuity Option under this Contract, then the greater payment period certain will be made. The dollar amount reduced by the percentage of the first Variable Liquidation Value liquidated, including the Commutation Fee. After the guaranteed number of payments has been made, the number of Annuity Payment is determined as follows. The first Variable Annuity Payment Units used in calculating the monthly payments will be based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, restored to their original values as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:if no liquidations had taken place.

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH 60, 120, 180, OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level, as selected. If at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You may elect to have the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof notice of the Annuitant's death is received at our Annuity Service Officeby us, commuted at the Assumed Investment Return selectedselected for a Variable Annuity or for a Fixed Annuity the Statutory Calendar Year Interest Rate based on the New York's Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Income Date. We will require the return of this Contract Certificate and proof of death prior to the payment of any commuted values. ANNUITY -- You can elect to have the Annuity Option payable as Fixed OPTION 5 - REFUND LIFE ANNUITY. We will make monthly Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect during the investment experience lifetime of the Separate Account in accordance Annuitant ceasing with the allocation of the Account Value last Annuity Payment due prior to the Subaccounts. Unless another payee is designatedAnnuitant's death with a guarantee that after the Annuitant's death, you will be receive a refund. For a Fixed Annuity the payee of the Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as refund will be any excess of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be made. The dollar amount of the first Adjusted Certificate Value applied under this Option over the total of all Annuity Payments made under this Option. For a Variable Annuity Payment is determined as followsthe amount of the refund will depend on the current fund allocation and will be the sum of Refund Amounts attributable to each fund. The first Variable Annuity Payment will be based upon Refund Amount for a given Fund is calculated using the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as followsfollowing formula:

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH MONTHLY PAYMENTS OVER 5, 10, 15, OR 20 YEARS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level, as selected. If The Company guarantees that if at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You Alternatively, the Contract Owner may elect to have receive a lump-sum payment equal to the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof the notice of the Annuitant's and Joint Annuitant's death is received at our Annuity the [Service OfficeCenter], commuted at an appropriate rate. Proof of death of the Assumed Investment Return selected. We will require the Annuitant and Joint Annuitant and return of this Contract and proof of death are required prior to the payment of any commuted values. ANNUITY -- You can elect For a fixed annuitization, the commutation rate will be the Statutory Calendar Year Interest Rate based on the NAIC Standard Valuation Law for Single Premium Immediate Annuities corresponding to have the Annuity Option payable as Fixed Income Date. For a variable annuitization, the commutation rate will be the Assumed Investment Return. During the lifetime of the Annuitant and Joint Annuitant and while the number of Annuity Payments made is less than the guaranteed number of payments elected, the Contract Owner electing variable annuitization may request a withdrawal representing a partial liquidation of up to the percentage shown on the Contract Schedule of the Total Liquidation Value. The Total Liquidation Value is equal to the present value of the remaining guaranteed Annuity Payments, to the end of the period certain, commuted at the AIR, less a Commutation Fee. The Commutation Fee is a charge collected by the Company equal to a percentage of the amount liquidated as shown on the Contract Schedule. The Company guarantees to make this provision available to the Contract Owner at least once per Contract Year. Partial liquidations will be processed on the next Annuity Calculation Date following your written request. The minimum allowable partial liquidation will be the lesser of $500 or Variable the remaining portion of the Total Liquidation Value available. After a partial liquidation, the subsequent monthly Annuity Payments or a combinationduring the guaranteed period certain will be reduced by the percentage of the Total Liquidation Value liquidated, including the Commutation Fee. Fixed After the guaranteed number of payments has been made, the number of Annuity Units used in calculating the monthly payments will be restored to their original values as if no liquidations had taken place. OPTION 5 - REFUND LIFE ANNUITY. We will make monthly Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect during the investment experience lifetime of the Separate Account in accordance Annuitant ceasing with the allocation of the Account Value last Annuity Payment due prior to the Subaccounts. Unless another payee is designatedAnnuitant's death with a guarantee that at the Annuitant's death, you will receive a refund. For a Fixed Annuity the amount of the refund will be any excess of the amount of the Adjusted Contract Value applied under this Option over the total of all Annuity Payments made under this Option. For a Variable Annuity the amount of the refund will be the payee then dollar value of the number of Annuity Units equal to (1) the Adjusted Contract Value applied to this Option divided by the Annuity Unit value used to determine the first Annuity Payment, minus (2) the product of the number of the Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Units represented by each monthly Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, Payment and the appropriate Fixed Annuity Option Table. If, as number of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be payments made. The dollar amount of the first Variable Annuity Payment is determined as follows. The first Variable Annuity Payment This calculation will be based upon the assumption that the allocation of Annuity Option elected, Units actually in-force at the time of the Annuitant's Attained Age death had been the allocation of Annuity Units at issue and sex, and at all times thereafter. If the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment refund calculated above is not greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment zero there will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:no refund paid.

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH 60, 120, 180, OR 240 MONTHLY ANNUITY PAYMENTS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level, as selected. If at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You or your designated payee may elect to have the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof notice of the Annuitant's death is received at our Annuity Service Officeby us, commuted at the Assumed Investment Return selectedselected for a Variable Annuity or for a Fixed Annuity the Statutory Calendar Year Interest Rate based on the New York's Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Income Date. We will require the return of this Contract and proof of death prior to the payment of any commuted values. ANNUITY -- You can elect to have the Annuity Option payable as Fixed OPTION 5 - REFUND LIFE ANNUITY. We will make monthly Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect during the investment experience lifetime of the Separate Account in accordance Annuitant ceasing with the allocation of the Account Value last Annuity Payment due prior to the Subaccounts. Unless another payee is designatedAnnuitant's death with a guarantee that at the Annuitant's death, you will receive a refund. For a Fixed Annuity the amount of the refund will be any excess of the amount of the Adjusted Contract Value applied under this Option over the total of all Annuity Payments made under this Option. For a Variable Annuity the amount of the refund will be the payee then dollar value of the number of Annuity Units equal to (1) the Adjusted Contract Value applied to this Option divided by the Annuity Unit value used to determine the first Annuity Payment, minus (2) the product of the number of the Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Units represented by each monthly Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option elected, the Annuitant's Attained Age and sex, Payment and the appropriate Fixed Annuity Option Table. If, as number of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be payments made. The dollar amount of the first Variable Annuity Payment is determined as follows. The first Variable Annuity Payment This calculation will be based upon the assumption that the allocation of Annuity Option elected, Units actually in-force at the time of the Annuitant's Attained Age death had been the allocation of Annuity Units at issue and sex, and at all times thereafter. If the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment refund calculated above is not greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment zero there will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:no refund paid.

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint one Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivorsurviving Joint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH MONTHLY PAYMENTS OVER 5, 10, 15, 0R 20 YEARS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level. If The Company guarantees that if at the last death of the Annuitant and the Joint Annuitant, there have been less fewer than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You Alternatively, the Contract Owner may elect to have receive a lump-sum payment equal to the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof of the Annuitant's and Joint Annuitant's death is received at our Annuity the Service OfficeCenter, commuted at an appropriate rate as defined below. Proof of death of the Assumed Investment Return selected. We will require the Annuitant and Joint Annuitant and return of this the Contract and proof of death are required prior to the payment of any commuted values. ANNUITY -- You can elect to have For a fixed Annuity Option, the lump-sum payment alternative is not available. For a variable Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect Option, the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you commutation rate will be the payee Assumed Investment Return. OPTION 5 - REFUND LIFE ANNUITY. We will make monthly Annuity Payments during the lifetime of the Annuitant ceasing with the last Annuity Payments. The Adjusted Account Value will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days Payment due prior to the Annuitant's death with a guarantee that after the Annuitant's death, you may receive a refund. For a fixed Annuity Date. The Adjusted Account Value is Option, the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount of the first payment for each $1,000 refund will be any excess of the Adjusted Account Contract Value is shown in applied under this Option over the Annuity Tables. FIXED ANNUITY -- Fixed sum of all Annuity Payments are based upon the made under this Option. For a variable Annuity Option electedOption, the Annuitant's Attained Age and sex, and the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment will be made. The dollar amount of the first Variable Annuity Payment is determined as followsrefund will depend on the current Investment Option allocation and will be the sum of refund amounts attributable to each Investment Option. The first Variable Annuity Payment will be based upon refund amount for a given Investment Option is calculated using the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as followsfollowing formula:

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH MONTHLY PAYMENTS OVER 10, 15, OR 20 YEARS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level, as selected. If The Company guarantees that if at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You Alternatively, the Contract Owner may elect to have receive a lump-sum payment equal to the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof the notice of the Annuitant's and Joint Annuitant's death is received at our Annuity the Service OfficeCenter, commuted at an appropriate rate. Proof of death of the Assumed Investment Return selected. We will require the Annuitant and Joint Annuitant and return of this Contract and proof of death are required prior to the payment of any commuted values. ANNUITY -- You can elect to have For a fixed Annuity Option, the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you commutation rate will be the payee Statutory Calendar Year Interest Rate based on the NAIC Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Income Date. For a variable Annuity Option, the commutation rate will be the Assumed Investment Return as shown on the Contract Schedule. During the lifetime of the Annuitant or Joint Annuitant and while the number of Annuity PaymentsPayments made is less than the guaranteed number of payments elected, the Contract Owner electing a variable Annuity Option may request a surrender representing a partial liquidation of the Liquidation Value. The Adjusted Account Value You will be applied allowed to make a partial liquidation at least once per Contract Year after the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Income Date. The Adjusted Account Value is total of all partial liquidations, measured as a percentage of the Account Liquidation Value, less any Premium and Other Taxes cannot exceed the amount shown on the Contract Schedule. A Commutation Fee will be subtracted from the amount liquidated before the proceeds are paid out. Partial liquidations will be processed on the next annuity payment date following your written request. The minimum allowable partial liquidation will be the lesser of $500 or other applicable taxes and less the Account remaining portion of the Liquidation Value available. After a partial liquidation, the subsequent monthly Annuity Payments during the guaranteed period certain will be reduced by the percentage of the Liquidation Value liquidated, including the Commutation Fee. The amount After the guaranteed number of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option electedpayments has been made, the Annuitant's Attained Age and sex, and number of Annuity Units used in calculating the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment monthly payments will be made. The dollar amount of the first Variable Annuity Payment is determined restored to their original values as follows. The first Variable Annuity Payment will be based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:if no liquidations had taken place.

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH MONTHLY PAYMENTS OVER 5, 10, 15, OR 20 YEARS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level, as selected. If The Company guarantees that if at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You Alternatively, the Contract Owner may elect to have receive a lump-sum payment equal to the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof the notice of the Annuitant's and Joint Annuitant's death is received at our Annuity the [Valuemark Service OfficeCenter], commuted at an appropriate rate. Proof of death of the Assumed Investment Return selected. We will require the Annuitant and Joint Annuitant and return of this Contract and proof of death are required prior to the payment of any commuted values. ANNUITY -- You can elect to have For a fixed annuitization, the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you commutation rate will be the payee Statutory Calendar Year Interest Rate based on the NAIC Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Income Date. For a variable annuitization, the commutation rate will be the Assumed Investment Return. During the lifetime of the Annuitant and Joint Annuitant and while the number of Annuity Payments made is less than the guaranteed number of payments elected, the Contract Owner electing variable annuitization may request a withdrawal representing a partial liquidation of up to the percentage shown on the Contract Schedule of the Total Liquidation Value. The Total Liquidation Value is equal to the present value of the remaining guaranteed Annuity Payments, to the end of the period certain, commuted at the AIR, less a Commutation Fee. The Adjusted Account Value Commutation Fee is a charge collected by the Company equal to a percentage of the amount liquidated as shown on the Contract Schedule. The Company guarantees to make this provision available to the Contract Owner at least once per Contract Year. Partial liquidations will be applied to the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined processed on the next Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Datefollowing your written request. The Adjusted Account minimum allowable partial liquidation will be the lesser of $500 or the remaining portion of the Total Liquidation Value is available. After a partial liquidation, the Account Valuesubsequent monthly Annuity Payments during the guaranteed period certain will be reduced by the percentage of the Total Liquidation Value liquidated, less any Premium and Other Taxes or other applicable taxes and less including the Account Commutation Fee. The amount After the guaranteed number of the first payment for each $1,000 of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon the Annuity Option electedpayments has been made, the Annuitant's Attained Age and sex, and number of Annuity Units used in calculating the appropriate Fixed Annuity Option Table. If, as of the Annuity Calculation Date, the then-current Fixed Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, then the greater payment monthly payments will be made. The dollar amount of the first Variable Annuity Payment is determined restored to their original values as follows. The first Variable Annuity Payment will be based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:if no liquidations had taken place.

JOINT AND LAST SURVIVOR ANNUITY. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant, if the Joint Annuitant or Joint Annuitantis then living, Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at a level of 100%, 75% or 50% of the previous level, as selected. Monthly Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. Option OPTION 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- - JOINT AND LAST SURVIVOR ANNUITY WITH MONTHLY PAYMENTS OVER 5, 10, 15, OR 20 YEARS GUARANTEED. We will make monthly Annuity Payments, payable at the frequency elected, Payments during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Monthly Annuity Payments will continue to be paid during the remaining lifetime of the survivorJoint Annuitant at 100% of the previous level. If The Company guarantees that if at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of 60, 120, 180, or 240 monthly Annuity Payments made as selected, monthly Annuity Payments will continue to be made for the remainder of the Guaranteed Periodguaranteed period. You Alternatively, the Contract Owner may elect to have receive a lump-sum payment equal to the present value of the guaranteed Variable monthly Annuity Payments remaining, as of the date due proof of the Annuitant's and /or Joint Annuitant's death is received at our Annuity the Service OfficeCenter, commuted at an appropriate rate. Proof of death of the Assumed Investment Return selected. We will require the Annuitant and Joint Annuitant and return of this Contract and proof of death are required prior to the payment of any commuted values. ANNUITY -- You can elect to have For a fixed Annuity Option, the Annuity Option payable as Fixed Annuity Payments or Variable Annuity Payments or a combination. Fixed Annuity Payments are guaranteed as to dollar amount. Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts. Unless another payee is designated, you commutation rate will be the payee Statutory Calendar Year Interest Rate based on the NAIC Standard Valuation Law for Single Premium Immediate Annuities corresponding to the Income Date. For a variable Annuity Option, the commutation rate will be the Assumed Investment Return as shown on the Contract Schedule. For a variable Annuity Option, the guaranteed monthly Annuity Payments remaining is based on the current value of the Annuity Payments. The Adjusted Account Value will be applied to During the applicable Fixed and/or Variable Annuity Tables to determine your first Annuity Payment. The Adjusted Account Value is determined on the Annuity Calculation Date which is a Business Day no more than five Business Days prior to the Annuity Date. The Adjusted Account Value is the Account Value, less any Premium and Other Taxes or other applicable taxes and less the Account Fee. The amount lifetime of the first payment for each $1,000 Annuitant or Joint Annuitant and while the number of Adjusted Account Value is shown in the Annuity Tables. FIXED ANNUITY -- Fixed Annuity Payments are based upon made is less than the Annuity Option guaranteed number of payments elected, the Annuitant's Attained Age and sex, and the appropriate Fixed Contract Owner electing a variable Annuity Option Tablemay request a withdrawal (partial Liquidation). IfYou will be allowed to make a partial Liquidation at least once per Contract Year beginning no earlier than set forth in the Contract Schedule. The total of all partial Liquidations, measured as the sum of the percentages of the total Liquidation Value at the time of each partial Liquidation, cannot exceed the amount shown on the Contract Schedule. A Commutation Fee will be subtracted from the amount liquidated before the proceeds are paid out. Partial Liquidations will be processed on the next Annuity Calculation DatePayment date following your written request. After a partial Liquidation, the then-current Fixed subsequent monthly Annuity Option rates applicable to this class of contracts provide an Annuity Payment greater than that which is Payments during the remaining guaranteed under the same Annuity Option under this Contract, then the greater payment period certain will be made. The dollar amount reduced by the percentage of the first Variable Liquidation Value liquidated, including the Commutation Fee. After the guaranteed number of payments has been made, the number of Annuity Payment is determined as follows. The first Variable Annuity Payment Units used in calculating the monthly payments will be based upon the Annuity Option elected, the Annuitant's Attained Age and sex, and the appropriate Variable Annuity Option Table. If, restored to their original values as of the Annuity Calculation Date, the then current Variable Annuity Option rates applicable to this class of Contracts provide a first Annuity Payment greater than that which is guaranteed under the same Annuity Option under this Contract, the greater payment will be made. The dollar amount of Variable Annuity Payments for each applicable Subaccount after the first payment is determined as follows:if no liquidations had taken place.