Common use of VARIABLE ANNUITY BENEFIT Clause in Contracts

VARIABLE ANNUITY BENEFIT. The term "Variable Annuity Benefit" means an Annuity Benefit under which the dollar amount of the monthly payments with respect to a payee may increase or decrease depending on the investment experience of the Stock Division of the Separate Account. Such Variable Annuity Benefit will increase if the average daily rate of investment return in the Stock Division is equivalent to more than 6.75% or 5.25% annually and will decrease if it is equivalent to less than 6.75% or 5.25% annually, depending on whether the applicable assumed base rate of Net Investment Return referred to in Section 1.24 is 5% or 3.5%, respectively. The daily rate of investment return is before deduction of charges, as described in Section 1.23, not to exceed the maximum rate of 1.75% after any deductions to provide for any applicable tax charge. These charges include a daily charge for financial accounting, death benefits, mortality risk, expenses and expense risk, plus the investment advisory fee charges and direct operating expense charges of the Trust. The amount of the first, second and third payments under any Variable Annuity Benefit provided under the terms of this Contract with respect to a payee is the monthly amount provided with respect to a payee pursuant to the fourth paragraph of Section 3.04. The amount of the fourth and each subsequent payment under a Variable Annuity Benefit will be equal to the number of Annuity Units with respect to such benefit, multiplied by the Average Annuity Unit Value for the second calendar month immediately preceding the due date of the payment. The number of Annuity Units with respect to a benefit is the number determined by dividing the amount of the first monthly payment under such benefit by the Annuity Unit Value for the Valuation Period which includes the due date of the first monthly payment. (As described in Section 3.05, we will notify the payee how each Variable Annuity payment is determined.)

VARIABLE ANNUITY BENEFIT. The term "Variable Annuity Benefit" means an Annuity Benefit under which the dollar amount of the monthly payments with respect to a payee may increase or decrease depending on the investment experience of the Stock Division of the Separate Account. Such Variable Annuity Benefit will increase if the average daily rate of investment return in the Stock Division is equivalent to more than 6.75% or 5.25% annually and will decrease if it is equivalent to less than 6.75% or 5.25% annually, depending on whether the applicable assumed base rate of Net Investment Return referred to in Section 1.24 is 5% or 3.5%, respectively. The daily rate of investment return is before deduction of charges, as described in Section 1.23, not to exceed the maximum rate of 1.75% after any deductions to provide for any applicable tax charge. These charges include a daily charge for financial accounting, death benefits, mortality risk, expenses and expense risk, plus the investment advisory fee charges and direct operating expense charges of the Trust. The amount of the first, second and third payments under any Variable Annuity Benefit provided under the terms of this Contract with respect to a payee is the monthly amount provided with respect to a payee pursuant to the fourth fifth paragraph of Section 3.04. The amount of the fourth and each subsequent payment under a Variable Annuity Benefit will be equal to the number of Annuity Units with respect to such benefit, multiplied by the Average Annuity Unit Value for the second calendar month immediately preceding the due date of the payment. The number of Annuity Units with respect to a benefit is the number determined by dividing the amount of the first monthly payment under such benefit by the Annuity Unit Value for the Valuation Period which includes the due date of the first monthly payment. (As described in Section 3.05, we will notify the payee how each Variable Annuity payment is determined.)

VARIABLE ANNUITY BENEFIT. The term "Variable Annuity Benefit" means an Annuity Benefit under which the dollar amount of the monthly payments with respect to a payee may increase or decrease depending on the investment experience of the Stock Division of the Separate Account. Such Variable Annuity Benefit will increase if the average daily rate of investment return in the Stock Division is equivalent to more than 6.75% or 5.25% annually and will decrease if it is equivalent to less than 6.75% or 5.25% annually, depending on whether the applicable assumed base rate of Net Investment Return net investment return referred to in Section 1.24 is 5% or 3.5%, respectively. The daily rate of investment return is before deduction of charges, as described in Section 1.23, not to exceed the maximum rate of 1.75% after any deductions to provide for any applicable tax chargecharges. These charges include a daily charge for financial accounting, death benefits, mortality risk, expenses and expense risk, plus the investment advisory fee charges and direct operating expense charges of the Trust. The amount of the first, second and third payments under any Variable Annuity Benefit provided under the terms of this Contract with respect to a payee is the monthly amount provided with respect to a the payee pursuant to the fourth fifth paragraph of Section 3.04. The amount of the fourth and each subsequent payment under a Variable Annuity Benefit will be equal to the number of Annuity Units with respect to such benefit, multiplied by the Average Annuity Unit Value for the second calendar month immediately preceding the due date of the payment. The number of Annuity Units with respect to a benefit is the number determined by dividing the amount of the first monthly payment under such benefit by the Annuity Unit Value for the Valuation Period which includes the due date of the first monthly payment. (As described in Section 3.05, we will notify the payee how each Variable Annuity payment is determined.)

VARIABLE ANNUITY BENEFIT. The term "Variable Annuity Benefit" means an Annuity Benefit under which the dollar amount of the monthly payments with respect to a payee may increase or decrease depending on the investment experience of the Stock Division of the Separate AccountDivision. Such Variable Annuity Benefit will increase if the average daily rate of investment return in the Stock Division is equivalent to more than 6.75% or 5.25% annually and will decrease if it is equivalent to less than 6.75% or 5.25% annually, depending on whether the applicable assumed base rate of Net Investment Return net investment return referred to in Section 1.24 is 5% or 3.5%, respectively. The daily rate of investment return is before deduction of charges, as described in Section 1.23, not to exceed the maximum rate of 1.75% after any deductions to provide for any applicable tax charge. These charges include a daily charge for financial accounting, death benefits, mortality risk, expenses and expense risk, plus the investment advisory fee charges and direct operating expense charges of the Trust. The amount of the first, second and third payments under any Variable Annuity Benefit provided under the terms of this Contract with respect to a payee is the monthly amount provided with respect to a payee pursuant to the fourth fifth paragraph of Section 3.04. The amount of the fourth and each subsequent payment under a Variable Annuity Benefit will be equal to the number of Annuity Units with respect to such benefit, multiplied by the Average Annuity Unit Value for the second calendar month immediately preceding the due date of the payment. The number of Annuity Units with respect to a benefit is the number determined by dividing the amount of the first monthly payment under such benefit by the Annuity Unit Value for the Valuation Period which includes the due date of the first monthly payment. (As described in Section 3.05, we will notify the payee how each Variable Annuity payment is determined).)

VARIABLE ANNUITY BENEFIT. The term "Variable Annuity Benefit" means an Annuity Benefit under which the dollar amount of the monthly payments with respect to a payee may increase or decrease depending on the investment experience of the Stock Division of the Separate Account. Such Variable Annuity Benefit will increase if the average daily rate of investment return in the Stock Division is equivalent to more than 6.75% or 5.25% annually and will decrease if it is equivalent to less than 6.75% or 5.25% annually, depending on whether the applicable assumed base rate of Net Investment Return net investment return referred to in Section 1.24 1.23 is 5% or 3.5%, respectively. The daily rate of investment return is before deduction of charges, as described in Section 1.231.22, not to exceed the maximum rate of 1.75% after any deductions to provide for any applicable tax charge. These charges include a daily charge for financial accounting, death benefits, mortality risk, expenses and expense risk, plus the investment advisory fee charges and direct operating expense charges of the Trust. The amount of the first, second and third payments under any Variable Annuity Benefit provided under the terms of this Contract with respect to a payee is the monthly amount provided with respect to a payee pursuant to the fourth 5th paragraph of Section 3.04. The amount of the fourth and each subsequent payment under a Variable Annuity Benefit will be equal to the number of Annuity Units with respect to such benefit, multiplied by the Average Annuity Unit Value for the second calendar month immediately preceding the due date of the payment. The number of Annuity Units with respect to a benefit is the number determined by dividing the amount of the first monthly payment under such benefit by the Annuity Unit Value for the Valuation Period which includes the due date of the first monthly payment. (As described in Section 3.05, we will notify the payee how each Variable variable Annuity payment Payment is determined).)

VARIABLE ANNUITY BENEFIT. The term "Variable Annuity Benefit" means an Annuity Benefit under which the dollar amount of the monthly payments with respect to a payee may increase or decrease depending on the investment experience of the Stock Division of the Separate AccountDivision. Such Variable Annuity Benefit will increase if the average daily rate of investment return in the Stock Division is equivalent to more than 6.75% or 5.25% annually and will decrease if it is equivalent to less than 6.75% or 5.25% annually, depending on whether the applicable assumed base rate of Net Investment Return net investment return referred to in Section 1.24 1.22 is 5% or 3.5%, respectively. The daily rate of investment return is before deduction of charges, as described in Section 1.231.21, not to exceed the maximum rate of 1.75% after any deductions to provide for any applicable tax charge. These charges include a daily charge for financial accounting, death benefits, mortality risk, expenses and expense risk, plus the investment advisory fee charges and direct operating expense charges of the Trust. The amount of the first, second and third payments under any Variable Annuity Benefit provided under the terms of this Contract with respect to a payee is the monthly amount provided with respect to a payee pursuant to the fourth fifth paragraph of Section 3.04. The amount of the fourth and each subsequent payment under a Variable Annuity Benefit will be equal to the number of Annuity Units with respect to such benefit, multiplied by the Average Annuity Unit Value for the second calendar month immediately preceding the due date of the payment. The number of Annuity Units with respect to a benefit is the number determined by dividing the amount of the first monthly payment under such benefit by the Annuity Unit Value for the Valuation Period which includes the due date of the first monthly payment. (As described in Section 3.05, we will notify the payee how each Variable Annuity payment is determined).)

VARIABLE ANNUITY BENEFIT. The term "Variable Annuity Benefit" means an Annuity Benefit under which the dollar amount of the monthly payments with respect to a payee may increase or decrease depending on the investment experience of the Stock Division of the Separate AccountDivision. Such Variable Annuity Benefit will increase if the average daily rate of investment return in the Stock Division is equivalent to more than 6.75% or 5.25% annually and will decrease if it is equivalent to less than 6.75% or 5.25% annually, depending on whether the applicable assumed base based rate of Net Investment Return net investment return referred to in Section 1.24 1.22 is 5% or 3.5%, respectively. The daily rate of investment return is before deduction of charges, as described in Section 1.231.21, not to exceed the maximum rate of 1.75% after any deductions to provide for any applicable tax charge. These charges include a daily charge for financial accounting, death benefits, mortality risk, expenses and expense risk, plus the investment advisory fee charges and direct operating expense charges of the Trust. The amount of the first, second and third payments under any Variable Annuity Benefit provided under the terms of this Contract with respect to a payee is the monthly amount provided with respect to a payee pursuant to the fourth paragraph of Section 3.04. The amount of the fourth fifth and each subsequent payment under a Variable Annuity Benefit will be equal to the number of Annuity Units with respect to such benefit, multiplied by the Average Annuity Unit Value for the second calendar month immediately preceding the due date of the payment. The number of Annuity Units with respect to a benefit is the number determined by dividing the amount of the first monthly payment under such benefit by the Annuity Unit Value for the Valuation Period which includes the due date of the first monthly payment. (As described in Section 3.05, we will notify the payee how each Variable Annuity payment is determined).)

VARIABLE ANNUITY BENEFIT. The term "Variable Annuity Benefit" means an Annuity Benefit under which the dollar amount of the monthly payments with respect to a payee may increase or decrease depending on the investment experience of the Stock Division of the Separate Account. Such Variable Annuity Benefit will increase if the average daily rate of investment return in the Stock Division is equivalent to more than 6.75% or 5.25% annually and will decrease if it is equivalent to less than 6.75% or 5.25% annually, depending on whether the applicable assumed base rate of Net Investment Return referred to in Section 1.24 is 5% or 3.5%, respectively. The daily rate of investment return is before deduction of charges, as described in Section 1.23, not to exceed the maximum rate of 1.75% after any deductions to provide for any applicable tax charge. These charges include a daily charge for financial accountingaccounts, death benefits, mortality risk, expenses and expense risk, plus the investment advisory fee charges and direct operating expense charges of the Trust. The amount of the first, second and third payments under any Variable Annuity Benefit provided under the terms of this Contract with respect to a payee is the monthly amount provided with respect to a payee pursuant to the fourth paragraph of Section 3.04. The amount of the fourth and each subsequent payment under a Variable Annuity Benefit will be equal to the number of Annuity Units with respect to such benefit, multiplied by the Average Annuity Unit Value for the second calendar month immediately preceding the due date of the payment. The number of Annuity Units with respect to a benefit is the number determined by dividing the amount of the first monthly payment under such benefit by the Annuity Unit Value for the Valuation Period which includes the due date of the first monthly payment. (As described in Section 3.05, we will notify the payee how each Variable Annuity payment Payment is determined.)