Common use of OPTIONAL RESET Clause in Contracts

OPTIONAL RESET. On or after the GWB First Optional Reset Date specified on the Contract Schedule, you may elect an Optional Reset provided the amount of time that has elapsed since the last Optional or Automatic Reset is at least equal to the GWB Optional Reset Waiting Period specified on the Contract Schedule and provided that the Contract Value exceeds the Benefit Base immediately before the reset, and provided your attained age (or the age of the oldest Joint Owner, or the age of the Annuitant if the Owner is a non-natural person) on the Optional Reset Date does not exceed the Maximum Reset Age. You must provide written notice of your intention to elect an Optional Reset within the GWB Optional Reset Window Period to our Administrative Office or in accordance with our Administrative Procedures. The Optional Reset will take effect on the next Contract Anniversary following receipt of such Optional Reset notice. The optional reset will: a) reset the Benefit Base and the Guaranteed Withdrawal Amount equal to the Contract Value on the date of the reset plus an amount determined by multiplying any applicable GWB Bonus Rate specified on the Contract Schedule by such Contract Value, subject to a maximum value equal to the GWB Maximum Benefit Base specified on the Contract Schedule. b) reset the Annual Benefit Payment equal to the GWB Withdrawal Rate multiplied by the Contract Value on the date of the reset, and c) reset the GWB Fee Rate to the level that the Company currently charges for this Rider upon Optional Reset, up to the Maximum Optional Reset Fee Rate.

OPTIONAL RESET. On any Contract Anniversary on or after the GWB GMAB First Optional Reset Date specified on the Contract Schedule, you may elect an Optional Reset provided the amount of time that has elapsed since the last Optional or Automatic Reset is at least equal to the GWB GMAB Optional Reset Waiting Period specified on the Contract Schedule and Schedule. You may elect an Optional Reset provided that the Contract Value exceeds the Benefit Base immediately before the reset, and provided your attained age on the Optional Reset Date (or the age of the oldest Joint Owner, or the age of the Annuitant if the Owner is a non-natural person) on the Optional Reset Date does not exceed the Maximum Optional Reset AgeAge specified in the Contract Schedule. You must provide written notice of your intention to may elect an Optional Reset within the GWB Optional Reset Window Period in writing to our Administrative Office or in accordance with our Administrative ProceduresProcedures within 30 days preceding the eligible Contract Anniversary. The Optional Reset will take effect on the next Contract Anniversary following receipt of such Optional Reset notice. The optional reset Optional Reset election will: a) reset the Benefit Base and the Guaranteed Withdrawal Accumulation Amount equal to the Contract Value on the date of the reset plus an amount determined by multiplying any applicable GWB Bonus Rate specified Account Balance on the Contract Schedule by such Anniversary following receipt of an Optional Reset election. All Purchase Payments and Withdrawal Adjustments previously used to calculate the Guaranteed Accumulation Amount will be set equal to zero on the reset ML-670-1 (11/05) date, and the Account Balance on the reset date will be treated as a single Purchase Payment received on that date for purposes of determining the Guaranteed Accumulation Amount. b) reset the Rider Maturity Date to be measured from the most recent Optional Reset Date, as described on the Contract ValueSchedule. c) reset the GMAB Rider Charge to the charge applicable to this Rider for this class of Contracts issued at the time of reset, subject to a maximum value equal to the GWB Maximum Benefit Base Optional Reset Charge specified on the Contract Schedule. bd) reset allow a single transfer, effective on the Optional Reset Date, of the full Account Balance, if any, in the current GMAB Investment Division into any one of the other available GMAB Investment Divisions. The Rider Maturity Date, the Adjustment Factor, and the Annual Benefit Payment equal Growth Rate will be reset to the GWB Withdrawal Rate multiplied by rates shown on the Contract Value on the date of the reset, and c) reset the GWB Fee Rate Schedule corresponding to the level that the Company currently charges for this Rider upon Optional Reset, up to the Maximum Optional Reset Fee Ratenew GMAB Investment Division.

OPTIONAL RESET. On or after the GWB First Optional Reset Date specified on the Contract Schedule, you may elect an Optional Reset provided the amount of time that has elapsed since the last Optional or Automatic Reset is at least equal to the GWB Optional Reset Waiting Period specified on the Contract Schedule and provided that the Contract Value Account Balance exceeds the Benefit Base immediately before the reset, and provided your attained age (or the age of the oldest Joint Owner, or the ML-690-2 (11/05) age of the Annuitant if the Owner is a non-natural person) on the Optional Reset Date does not exceed the Maximum Reset Age. You must provide written notice of your intention to elect an Optional Reset within the GWB Optional Reset Window Period to our Administrative Office or in accordance with our Administrative Procedures. The Optional Reset will take effect on the next Contract Anniversary following receipt of such Optional Reset notice. The optional reset will: a) reset the Benefit Base and the Guaranteed Withdrawal Amount equal to the Contract Value Account Balance on the date of the reset plus an amount determined by multiplying any applicable GWB Bonus Rate specified on the Contract Schedule by such Contract ValueAccount Balance, subject to a maximum value equal to the GWB Maximum Benefit Base specified on the Contract Schedule. b) reset the Annual Benefit Payment equal to the GWB Withdrawal Rate multiplied by the Contract Value Account Balance on the date of the reset, and c) reset the GWB Fee Rate to the level that the Company currently charges for this Rider upon Optional Reset, up to the Maximum Optional Reset Fee Rate.

OPTIONAL RESET. On any Contract Anniversary on or after the GWB GMAB First Optional Reset Date specified on the Contract Schedule, you may elect an Optional Reset provided the amount of time that has elapsed since the last Optional or Automatic Reset is at least equal to the GWB GMAB Optional Reset Waiting Period specified on the Contract Schedule and Schedule. You may elect an Optional Reset provided that the Contract Value exceeds the Benefit Base immediately before the reset, and provided your attained age on the Optional Reset Date (or the age of the oldest Joint Owner, or the age of the Annuitant if the Owner is a non-natural person) on the Optional Reset Date does not exceed the Maximum Optional Reset AgeAge specified in the Contract Schedule. You must provide written notice of your intention to may elect an Optional Reset within the GWB Optional Reset Window Period in writing to our Administrative Annuity Service Office or in accordance with our Administrative ProceduresProcedures within 30 days preceding the eligible Contract Anniversary. The Optional Reset will take effect on the next Contract Anniversary following receipt of such Optional Reset notice. The optional reset Optional Reset election will: a) reset the Benefit Base and the Guaranteed Withdrawal Accumulation Amount equal to the Contract Account Value on the date Contract Anniversary following receipt of an Optional Reset election. All Purchase Payments and Withdrawal Adjustments previously used to calculate the Guaranteed Accumulation Amount will be set equal to zero on the reset plus an amount determined by multiplying any applicable GWB Bonus Rate specified date, and the Account Value on the reset date will be treated as a single Purchase Payment received on that date for purposes of determining the Guaranteed Accumulation Amount. FMLI-670-1 (11/05) b) reset the Rider Maturity Date to be measured from the most recent Optional Reset Date, as described on the Contract Schedule by such Contract ValueSchedule. c) reset the GMAB Rider Charge to the charge applicable to this Rider for this class of Contracts issued at the time of reset, subject to a maximum value equal to the GWB Maximum Benefit Base Optional Reset Charge specified on the Contract Schedule. bd) reset allow a single transfer, effective on the Optional Reset Date, of the full Account Value, if any, in the current GMAB Subaccount into any one of the other available GMAB Subaccounts. The Rider Maturity Date, the Adjustment Factor, and the Annual Benefit Payment equal Growth Rate will be reset to the GWB Withdrawal Rate multiplied by rates shown on the Contract Value on the date of the reset, and c) reset the GWB Fee Rate Schedule corresponding to the level that the Company currently charges for this Rider upon Optional Reset, up to the Maximum Optional Reset Fee Ratenew GMAB Subaccount.