Common use of PARTIAL WITHDRAWAL OPTION Clause in Contracts

PARTIAL WITHDRAWAL OPTION. To take a Partial Withdrawal, you must provide us satisfactory written notice at our Customer Service Center. The maximum amount that can be withdrawn each Contract Year without being considered an Excess Partial Withdrawal is described below. We will collect a Surrender Charge for Excess Partial Withdrawals and any unrecovered Premium Taxes. We will treat as a request to surrender the Contract any request for a Partial Withdrawal which (a) exceeds 90% of the Cash Surrender Value; and (b) reduces the Cash Surrender Value after such withdrawal to less than $2,500. Minimum Withdrawal Amount The Minimum Withdrawal Amount that can be taken is $100. Conventional Partial Withdrawals The maximum amount that can be taken as a Conventional Partial Withdrawal each Contract Year without being considered an Excess Partial Withdrawal is the Free Amount, equal to 10% of the Contract's Accumulation Value, determined as of the date of withdrawal. Any Conventional Partial Withdrawal from Fixed Allocations is subject to a Market Value Adjustment unless withdrawn within 30 days prior to the Maturity Date. Systematic Partial Withdrawals Systematic Partial Withdrawals may be elected to commence after 28 days from the Contract Issue Date and may be taken on a monthly, quarterly or annual basis. You select the day withdrawals will be made, but no later than the 28th day of the month. If you do not elect a day, the same day of the month as the Contract Date will be used. Maximum Systematic Partial Withdrawal Amounts: Variable Separate Account Divisions: .833% of Accumulation Value monthly, 2.5% of Accumulation Value quarterly or 10% of Accumulation Value annually, not previously withdrawn. Fixed Allocations and Interest earned on a Fixed Allocation or Guaranteed Interest Division for the Guaranteed Interest Divisions prior month, quarter or year (depending on the frequency selected). Systematic Partial Withdrawals which do not exceed the Maximum Systematic Partial Withdrawal Amounts are not subject to Surrender Charges. Systematic Partial Withdrawals of interest from Fixed Allocations are not subject to a Market Value Adjustment. Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Contract Year. IU-IA-3014 16 YOUR CONTRACT BENEFITS -------------------------------------------------------------------------------- ▇▇▇ Partial Withdrawals for Qualified Plans Only Partial Withdrawals may be taken from a Contract issued as an ▇▇▇ on a monthly, quarterly or annual basis. Such ▇▇▇ Partial Withdrawals will not be subject to Surrender Charges to the extent that they do not exceed the Minimum Required Distribution based on the Accumulation Value of this Contract, as set forth in the Internal Revenue Code. A minimum withdrawal of $100.00 is required. You select the day the withdrawals will be made, but no later than the 28th day of the month. If you do not elect a day, the same day of the month as the Contract Date will be used. An ▇▇▇ Partial Withdrawal in excess of the Systematic Partial Withdrawal Amounts described above may be subject to a Market Value Adjustment. Systematic Partial Withdrawals and Conventional Partial Withdrawals are not allowed when ▇▇▇ Partial Withdrawals are being taken. SURRENDER CHARGE A Surrender Charge may be imposed as a percentage of premium not previously withdrawn if the Contract is surrendered or an Excess Partial Withdrawal is taken. The percentage imposed at time of surrender or Excess Partial Withdrawal depends on the number of complete years that have elapsed since a Premium Payment was made. The Surrender Charge expressed as a percentage of each Premium Payment not previously withdrawn is as follows:

PARTIAL WITHDRAWAL OPTION. To take The Certificate Owner may make a Partial Withdrawal, you must provide us satisfactory Withdrawal at any time by giving written notice at our Customer Service Centerto us. The maximum amount that can be withdrawn each Contract Certificate Year without being considered an Excess excess Partial Withdrawal is described below. We will collect a Surrender Charge and Market Value Adjustment for Excess excess Partial Withdrawals and a charge for any unrecovered Premium Taxes. We will treat as a request to surrender the Contract any request for a The minimum Partial Withdrawal which (a) exceeds 90% of the Cash Surrender Value; and (b) reduces the Cash Surrender Value after such withdrawal to less than $2,500. Minimum Withdrawal Amount The Minimum Withdrawal Amount that can be taken amount is $100. Conventional After a Partial Withdrawals Withdrawal, the remaining Cash Surrender Value must be at least $1000 to keep the Certificate in force. The maximum free withdrawal amount that can be taken as for a Conventional Partial Withdrawal each Contract Certificate Year without being considered an Excess Partial Withdrawal is the Free Amount, equal to 10% 12 months of interest earned and not previously withdrawn in the Contract's Accumulation Value, determined as of the date of withdrawal. Any Conventional Partial Withdrawal from Fixed Allocations is subject to a Market Value Adjustment unless withdrawn within 30 days prior to the Maturity Date12 months. Systematic Partial Withdrawals Systematic Partial Withdrawals of interest may be elected to commence after 28 days from the Contract Certificate Issue Date and may be taken on a monthly, quarterly or annual basis. You select The Certificate Owner selects the day withdrawals will be made, but no later than the 28th day date of the month. If you do the Certificate Owner does not elect a day, the same day of the month as the Contract Certificate Date will be used. Maximum Systematic Partial Withdrawal Amounts: Variable Separate Account Divisions: .833% of Accumulation Value monthly, 2.5% of Accumulation Value quarterly or 10% of Accumulation Value annually, not previously withdrawn. Fixed Allocations and Interest The maximum withdrawal amount is equal to the interest earned on a Fixed Allocation or Guaranteed Interest Division for the Guaranteed Interest Divisions prior month, quarter quarter, or year (depending on the frequency selected). Systematic Partial Withdrawals GA-MC-1070 10 6/00 THE CONTRACT BENEFITS (continued) ---------------------------------------------------------------------------- For any Certificate Year in which do not exceed the Maximum Systematic Partial Withdrawal Amounts are not subject to total amount withdrawn exceeds the free withdrawal amount, a Surrender Charges. Systematic Partial Withdrawals of interest from Fixed Allocations are not subject to a Charge and Market Value Adjustment. Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Contract Year. IU-IA-3014 16 YOUR CONTRACT BENEFITS -------------------------------------------------------------------------------- ▇▇▇ Partial Withdrawals for Qualified Plans Only Partial Withdrawals may be taken from a Contract issued as an ▇▇▇ on a monthly, quarterly or annual basis. Such ▇▇▇ Partial Withdrawals Adjustment will not be subject to Surrender Charges apply to the extent excess Partial Withdrawal. If the Certificate is surrendered, the Surrender Charge and Market Value Adjustment will apply to the total amount withdrawn in that they do not exceed Certificate Year, including any Partial Withdrawals. NO SURRENDER CHARGE OR MARKET VALUE ADJUSTMENT WILL APPLY TO PARTIAL WITHDRAWALS OR SURRENDERS DURING THE 30 DAYS IMMEDIATELY PRECEDING THE MATURITY DATE OF A GUARANTEE PERIOD. PROCEEDS PAYABLE TO THE BENEFICIARY Prior to the Minimum Required Distribution based on Annuity Commencement Date If the sole Certificate Owner dies prior to the Annuity Commencement Date, we will pay the Beneficiary the death benefit. The death benefit is equal to the Accumulation Value as of this Contractthe date of death. No Surrender Charge or Market Value Adjustment will be applied. If there are joint Certificate Owners and any Certificate Owner dies, we will pay the surviving Certificate Owners the death benefit. We will pay the amount on receipt of due proof of the Certificate Owner's death at our Customer Service Center. Such amount may be received in a single lump sum or applied to any of the Annuity Options (see Choosing an Income Plan). When the Certificate Owner (or all Certificate Owners where there are joint Certificate Owners) is not an individual, the death benefit will become payable on the death of the Annuitant prior to the Annuity Commencement Date (unless a Contingent Annuitant survived the Annuitant). Only one death benefit is payable under a Certificate. In all events, distributions under a Certificate must be made as set forth in required by applicable law. Spousal Continuation upon Death of Certificate Owner If at the Certificate Owner's death, the surviving spouse of the deceased Certificate Owner is the Beneficiary, then such surviving spouse may elect to continue the Certificate as their own pursuant to Internal Revenue Code. A minimum withdrawal of $100.00 is required. You select Code Section 72(s) or the day the withdrawals will be made, but no later than the 28th day equivalent provisions of the monthU.S. Treasury Department rules for qualified plans. If you do not elect a day, the same day How to Claim Payments to Beneficiary We must receive proof of the month Certificate Owner's (or the Annuitant's) death before we will make any payments to the Beneficiary. We will calculate the death benefit as the Contract Date will be used. An ▇▇▇ Partial Withdrawal in excess of the Systematic Partial Withdrawal Amounts described above may be subject to a Market Value Adjustment. Systematic Partial Withdrawals and Conventional Partial Withdrawals are not allowed when ▇▇▇ Partial Withdrawals are being taken. SURRENDER CHARGE A Surrender Charge may be imposed as a percentage date we receive due proof of premium not previously withdrawn if the Contract is surrendered or an Excess Partial Withdrawal is takendeath. The percentage imposed at time of surrender or Excess Partial Withdrawal depends on the number of complete years that have elapsed since a Premium Payment was made. The Surrender Charge expressed as a percentage of each Premium Payment not previously withdrawn is as follows:Beneficiary should contact our Customer Service Center for instructions.