Common use of WITHDRAWAL PROVISION Clause in Contracts

WITHDRAWAL PROVISION. 9.1 WHAT ARE THE RULES FOR You may make partial withdrawals during the A PARTIAL WITHDRAWAL OF accumulation period by written request. You THE SURRENDER VALUE? must specify the investment option(s) from which the partial withdrawal is to be made. We will pay you the amount you request in connection with a partial withdrawal by canceling accumulation units from appropriate subaccount(s) and/or reducing applicable amount(s) from any other investment option provided for by endorsement. Partial withdrawals generally will be effective as of the date we receive written request. Any applicable surrender charge will be deducted from the remaining value in the investment option(s) from which the partial withdrawal is being made. If such remaining investment option values are insufficient for this purpose, the surrender charge will be deducted pro-rata from all investment options under the contract based on the remaining contract value in each investment option. If a partial withdrawal would cause the surrender value to be less than $2,000, we will treat your request as a full surrender. 9.2 WHAT ARE THE RULES FOR You have the right to surrender this contract A FULL SURRENDER OF THE during the accumulation period by written CONTRACT? request. You will be paid the surrender value. The surrender value is equal to: a.) the contract value at the end of the valuation period in which we receive your request; b.) minus any applicable surrender charge; c.) minus the annual contract fee and any applicable charge for rider(s) if the surrender does not occur on a contract anniversary; d.) minus any applicable premium expense charges not previously deducted; and e.) minus any applicable adjustment(s) or deduction(s) provided for by any endorsement attached to your contract. The surrender value will not be less than the amount required by state law. Upon payment of the above surrender value, this contract is terminated and we have no further obligation under this contract. We may require you to return your contract to our home office prior to making payment. 9.3 WHEN WILL A SURRENDER A surrender charge is imposed on withdrawals as CHARGE BE APPLIED AND described on the contract data page. The HOW IS IT CALCULATED? surrender charge schedule, description of how a surrender charge is calculated and free withdrawal amount is shown on the data page. 9.4 ARE THERE ANY We reserve the right to postpone payment of any RESTRICTIONS ON partial withdrawal or full surrender from the PAYMENT OF PARTIAL variable account as described in Section 17. WITHDRAWALS OR FULL SURRENDERS?

WITHDRAWAL PROVISION. 9.1 10.1 WHAT ARE THE RULES FOR You may make partial withdrawals during the A PARTIAL WITHDRAWAL OF accumulation period by written request. You OF THE SURRENDER VALUE? must specify the investment option(ssubaccount(s) from which the VALUE? partial withdrawal is to be made. We will pay you the amount you request in connection with a partial withdrawal by canceling accumulation units from appropriate subaccount(s) and/or reducing applicable amount(s) from any other investment option provided for by endorsement). Partial withdrawals generally will be effective as of the date we receive written request. Any applicable surrender charge will be deducted from the remaining value in the investment option(s) from which the partial withdrawal is being made. If such remaining investment option values are insufficient for this purpose, the surrender charge will be deducted pro-rata from all investment options under the contract based on the remaining contract value in each investment option. If a partial withdrawal would cause the surrender value to be less than $2,000, we will treat your request as a full surrender. 9.2 10.2 WHAT ARE THE RULES FOR You have the right to surrender this contract A FULL SURRENDER OF THE during the accumulation period by written CONTRACT? request. You will be paid the surrender value. The surrender value is equal to: a.) the contract value at the end of the valuation period in which we receive your request; b.) minus any applicable surrender charge; c.) minus the annual contract fee and any applicable charge for rider(s) if the surrender does not occur on a contract anniversary; c.) minus any loan amount; and d.) minus any applicable premium expense charges not previously deducted; and e.) minus any applicable adjustment(s) or deduction(s) provided for by any endorsement attached to your contract. The surrender value will not be less than the amount required by state law. Upon payment of the above surrender value, this contract is terminated and we have no further obligation under this contract. We may require you to return your that this contract be returned to our home office prior to making payment. 9.3 WHEN WILL A SURRENDER A surrender charge is imposed on withdrawals as CHARGE BE APPLIED AND described on the contract data page. The HOW IS IT CALCULATED? surrender charge schedule, description of how a surrender charge is calculated and free withdrawal amount is shown on the data page. 9.4 10.3 ARE THERE ANY Generally, the amount of any surrender, partial RESTRICTIONS ON PAYMENT withdrawal or loan will be paid to you within OF SURRENDER, PARTIAL seven days of our receipt of your written WITHDRAWALS OR LOANS? request. We reserve the right to postpone payment of any RESTRICTIONS ON surrender, partial withdrawal or full surrender loan from the PAYMENT OF PARTIAL variable account for any period when: a.) the New York Stock Exchange is closed other than customary weekend and holiday closing; b.) trading on the Exchange is restricted; c.) an emergency exists as described a result of which it is not reasonable or practicable to dispose of securities held in Section 17the variable account or determine their value; or d.) the SEC permits delay for the protection of security holders. WITHDRAWALS OR FULL SURRENDERS?The applicable rules of the SEC shall govern as to whether the conditions in (b) and (c) exist.

WITHDRAWAL PROVISION. 9.1 WHAT ARE THE RULES FOR You may make partial withdrawals during the A PARTIAL WITHDRAWAL OF accumulation period by written request. You THE SURRENDER VALUE? You must specify the investment option(s) from which the partial withdrawal is to be made. We will pay you the amount you request in connection with a partial withdrawal by canceling accumulation units from appropriate subaccount(s) and/or reducing applicable amount(s) from any other investment option provided for by endorsement. Partial withdrawals generally will be effective as of the date we receive written request. Any applicable surrender charge will be deducted from the remaining value in the investment option(s) from which the partial withdrawal is being made. If such remaining investment option values are insufficient for this purpose, the surrender charge will be deducted pro-rata from all investment options under the contract based on the remaining contract value in each investment option. If a partial withdrawal would cause the surrender value to be less than $2,000, we will treat your request as a full surrender. 9.2 WHAT ARE THE RULES FOR You have the right to surrender this contract A FULL SURRENDER OF THE during the accumulation period by written request. CONTRACT? request. You will be paid the surrender value. The surrender value is equal to: a.) the contract value at the end of the valuation period in which we receive your request; b.) minus any applicable surrender charge; c.) minus the annual contract fee and any applicable charge for rider(s) if the surrender does not occur on a contract anniversary; d.) minus any applicable premium expense charges not previously deducted; and e.) minus any applicable adjustment(s) or deduction(s) provided for by any endorsement attached to your contract. The surrender value will not be less than the amount required by state law. Upon payment of the above surrender value, this contract is terminated and we have no further obligation under this contract. We may require you to return your contract to our home office prior to making payment. 9.3 WHEN WILL A SURRENDER A surrender charge is imposed on withdrawals as CHARGE BE APPLIED AND described on the contract data page. The surrender HOW IS IT CALCULATED? surrender charge schedule, description of how a surrender charge is calculated and free withdrawal amount is shown on the data page. 9.4 ARE THERE ANY We reserve the right to postpone payment of any RESTRICTIONS ON partial withdrawal or full surrender from the PAYMENT OF PARTIAL variable account as described in Section 17. WITHDRAWALS OR FULL SURRENDERS?