Common use of The Cash Surrender Value Clause in Contracts

The Cash Surrender Value. If the Owner's Issue Age is greater than 67 but less than or equal to 75, the Death Benefit is the greatest of: (1) The sum of premium payments less any withdrawals and taxes; (2) The Accumulation Value less any taxes; (3) The Accumulation Value (plus subsequent premiums less subsequent withdrawals and taxes) on the 8th Contract anniversary but on or before the Owner's death; or (4) The Cash Surrender Value. 3D2 THE SCHEDULE CONTRACT FACTS (continued) ------------------------------------------------------------------------------ Annuitant Owner [XXXXXX X. XXX] [XXXX X. XXX] ------------------------------------------------------------------------------ Initial Premium Annuity Option Annuity Commencement Date [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] ------------------------------------------------------------------------------ Separate Account(s) Contract Number [SEPARATE ACCOUNT B AND THE FIXED ACCOUNT] [123456] ------------------------------------------------------------------------------ If the Owner's Issue Age is greater than 75: The Death Benefit is equal to the greater of Accumulation Value or Cash Surrender Value.] CHANGE OF OWNER When ownership changes, the death benefit must be redetermined. If the new Owner's age at the time of the change of Owner is less than or equal to the original Owner's Issue Age, then the death benefit in effect prior to the change of Owner will remain in effect. If the new Owner's age at the time of the change of Owner is greater than the original Owner's Issue Age, then the death benefit must be recalculated based on a new Owner's Issue Age equal to the new Owner's age at the time of the change of Owner. The new Owner's death will then determine when a death benefit is payable. CHOOSING AN INCOME PLAN

The Cash Surrender Value. If the Owner's Issue Age is greater than 67 but less than or equal to 75, the Death Benefit is the greatest of: (1) The sum of premium payments less any withdrawals and taxes; (2) The Accumulation Value less any taxes; (3) The Accumulation Value (plus subsequent premiums less subsequent withdrawals and taxes) on the 8th Contract contract anniversary but on or before the Owner's death; or (4) The Cash Surrender Value. 3D2 THE SCHEDULE CONTRACT FACTS (continued) ------------------------------------------------------------------------------ - Annuitant Owner [XXXXXX X. XXX] [XXXX X. XXX] ------------------------------------------------------------------------------ - Initial Premium Annuity Option Annuity Commencement Date [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] ------------------------------------------------------------------------------ - Separate Account(s) Contract Number [SEPARATE ACCOUNT B AND THE FIXED ACCOUNTB] [123456] ------------------------------------------------------------------------------ - If the Owner's Issue Age is greater than 75: The Death Benefit is equal to the greater of Accumulation Value or Cash Surrender Value.] CHANGE OF OWNER When ownership changes, the death benefit must be redetermined. If the new Owner's age at the time of the change of Owner is less than or equal to the original Owner's Issue Age, then the death benefit in effect prior to the change of Owner will remain in effect. If the new Owner's age at the time of the change of Owner is greater than the original Owner's Issue Age, then the death benefit must be recalculated based on a new Owner's Issue Age equal to the new Owner's age at the time of the change of Owner. The new Owner's death will then determine when a death benefit is payable. CHOOSING AN INCOME PLANPLAN REQUIRED DATE OF ANNUITY COMMENCEMENT [Distributions from a Contract funding a qualified plan must commence no later than [April 1st] of the calendar year following the calendar year in which the Owner attains age 70 1/2.] The Annuity Commencement Date is required to be the same date as the Contract Processing Date in the month following the Annuitant's 90th birthday. If, on the Annuity Commencement Date, a Surrender Charge remains, your elected Annuity Option must include a period certain of at least five years duration. In applying the Accumulation Value, we may first collect any Premium Taxes due us. MINIMUM ANNUITY INCOME PAYMENT The minimum monthly annuity income payment that we will make is [$20]. OPTIONAL BENEFIT RIDERS - [None.] ATTAINED AGE The Issue Age of the Annuitant or Owner plus the number of full years elapsed since the Contract Date. 3D3 THE SCHEDULE CHARGES AND FEES ------------------------------------------------------------------------------ - Annuitant Owner [XXXXXX X. XXX] [XXXX X. XXX] ------------------------------------------------------------------------------ - Initial Premium Annuity Option Annuity Commencement Date [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] ------------------------------------------------------------------------------ - Separate Account(s) Contract Number [SEPARATE ACCOUNT B] [123456] ------------------------------------------------------------------------------ - DEDUCTIONS FROM PREMIUMS [None.] DEDUCTIONS FROM ACCUMULATION VALUE INITIAL ADMINISTRATIVE CHARGE [None.] ADMINISTRATIVE CHARGE We charge [$30] to cover a portion of our ongoing administrative expenses for each Contract Processing Period. The charge is incurred at the beginning of the Contract Processing Period and deducted on the Contract Processing Date at the end of the period. EXCESS ALLOCATION CHARGE Currently none, however, we reserve the right to charge [$25] for a change if you make more than [twelve] allocation changes per Contract Year. Any charge will be deducted in proportion to the amount being transferred from each Division. SURRENDER CHARGE A Surrender Charge is imposed as a percentage of unliquidated premium 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 is as follows: Complete Years Elapsed Surrender Since Premium Payment Charges ---------------------- --------- [0 8% 1 7% 2 6% 3 5% 4 4% 5 3% 6 2% 7 1% 8+ 0%] Surrender of the Contract is permitted at or before the commencement of annuity payments. 3E1 THE SCHEDULE CHARGES AND FEES (continued) ------------------------------------------------------------------------------ - Annuitant Owner [XXXXXX X. XXX] [XXXX X. XXX] ------------------------------------------------------------------------------ - Initial Premium Annuity Option Annuity Commencement Date [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] ------------------------------------------------------------------------------ - Separate Account(s) Contract Number [SEPARATE ACCOUNT B] [123456] ------------------------------------------------------------------------------ - [PREMIUM TAXES We deduct the amount of any premium or other state and local taxes levied by any state or governmental entity when such taxes are incurred. We reserve the right to defer collection of Premium Taxes until surrender or until application of Accumulation Value to an Annuity Option. An Excess Partial Withdrawal will result in the deduction of any Premium Tax then due us on such amount. We reserve the right to change the amount we charge for Premium Tax charges on future premium payments to conform with changes in the law or if the Owner changes state of residence.] DEDUCTIONS FROM THE DIVISIONS [MORTALITY AND EXPENSE RISK CHARGE - We deduct 0.00346% of the assets in each Variable Separate Account Division on a daily basis (equivalent to an annual rate of 1.25%) for mortality and expense risks. This charge is not deducted from the General Account values.] [ASSET BASED ADMINISTRATIVE CHARGE - We deduct 0.000411% of the assets in each Variable Separate Account Division on a daily basis (equivalent to an annual rate of 0.15%) to compensate us for a portion of our ongoing administrative expenses. This charge is not deducted from the General Account values.] CHARGE DEDUCTION DIVISION All charges against the Accumulation Value in this Contract will be deducted from the [Liquid Asset Division]. 3E2 THE SCHEDULE INCOME PLAN FACTORS ------------------------------------------------------------------------------ - Annuitant Owner [XXXXXX X. XXX] [XXXX X. XXX] ------------------------------------------------------------------------------ - Initial Premium Annuity Option Annuity Commencement Date [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] ------------------------------------------------------------------------------ - Separate Account(s) Contract Number [SEPARATE ACCOUNT B] [123456] ------------------------------------------------------------------------------ - Values for other payment periods, ages or joint life combinations are available on request. Monthly payments are shown for each $1,000 applied. TABLE FOR INCOME FOR A FIXED PERIOD Fixed Period Monthly Fixed Period Monthly Fixed Period Monthly of Years Income of Years Income of Years Income ------------ ------- ------------ ------- ------------ ------- [5 17.95 14 7.28 23 5.00 6 15.18 15 6.89 24 4.85 7 13.20 16 6.54 25 4.72 8 11.71 17 6.24 26 4.60 9 10.56 18 5.98 27 4.49 10 9.64 19 5.74 28 4.38 11 8.88 20 5.53 29 4.28 12 8.26 21 5.33 30 4.19] 13 7.73 22 5.16 TABLE FOR INCOME FOR LIFE Male/Female Male/Female Male/Female Age 10 Years Certain 20 Years Certain Refund Certain --- ---------------- ---------------- -------------- [50 $4.06/3.83 $3.96/3.77 $3.93/3.75 55 4.43/4.14 4.25/4.05 4.25/4.03 60 4.90/4.56 4.57/4.37 4.66/4.40 65 5.51/5.10 4.90/4.73 5.12/4.83 70 6.26/5.81 5.18/5.07 5.76/5.42 75 7.11/6.70 5.38/5.33 6.58/6.19 80 7.99/7.70 5.48/5.46 7.69/7.21 85 8.72/8.59 5.52/5.51 8.72/8.59 90 9.23/9.18 5.53/5.53 10.63/10.53] 3F IMPORTANT TERMS ------------------------------------------------------------------------------ - ACCUMULATION VALUE - The amount that a Contract provides for investment at any time. Initially, this amount is equal to the premium paid.

The Cash Surrender Value. If the Owner's Issue Age is greater than 67 but less than or equal to 75, the Death Benefit is the greatest of: (1) The sum of premium payments less any withdrawals and taxes; (2) The Accumulation Value less any taxes; (3) The Accumulation Value (plus subsequent premiums less subsequent withdrawals and taxes) on the 8th Contract anniversary but on or before the Owner's death; or (4) The Cash Surrender Value. 3D2 THE SCHEDULE CONTRACT FACTS (continued) - ------------------------------------------------------------------------------ Annuitant Owner [XXXXXX X. XXX] [XXXX X. XXX] - ------------------------------------------------------------------------------ Initial Premium Annuity Option Annuity Commencement Date [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] - ------------------------------------------------------------------------------ Separate Account(s) Contract Number [SEPARATE ACCOUNT B AND THE FIXED ACCOUNT] [123456] - ------------------------------------------------------------------------------ If the Owner's Issue Age is greater than 75: The Death Benefit is equal to the greater of Accumulation Value or Cash Surrender Value.] CHANGE OF OWNER When ownership changes, the death benefit must be redetermined. If the new Owner's age at the time of the change of Owner is less than or equal to the original Owner's Issue Age, then the death benefit in effect prior to the change of Owner will remain in effect. If the new Owner's age at the time of the change of Owner is greater than the original Owner's Issue Age, then the death benefit must be recalculated based on a new Owner's Issue Age equal to the new Owner's age at the time of the change of Owner. The new Owner's death will then determine when a death benefit is payable. CHOOSING AN INCOME PLAN

The Cash Surrender Value. If the Owner's Issue Age is greater than 67 but less than or equal to 75, the Death Benefit is the greatest of: (1) The sum of premium payments less any withdrawals and taxes; (2) The Accumulation Value less any taxes; (3) The Accumulation Value (plus subsequent premiums less subsequent withdrawals and taxes) on the 8th Contract contract anniversary but on or before the Owner's death; or (4) The Cash Surrender Value. 3D2 THE SCHEDULE CONTRACT FACTS (continued) - ------------------------------------------------------------------------------ Annuitant Owner [XXXXXX X. XXX] [XXXX X. XXX] - ------------------------------------------------------------------------------ Initial Premium Annuity Option Annuity Commencement Date [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] - ------------------------------------------------------------------------------ Separate Account(s) Contract Number [SEPARATE ACCOUNT B AND THE FIXED ACCOUNTB] [123456] - ------------------------------------------------------------------------------ If the Owner's Issue Age is greater than 75: The Death Benefit is equal to the greater of Accumulation Value or Cash Surrender Value.] CHANGE OF OWNER When ownership changes, the death benefit must be redetermined. If the new Owner's age at the time of the change of Owner is less than or equal to the original Owner's Issue Age, then the death benefit in effect prior to the change of Owner will remain in effect. If the new Owner's age at the time of the change of Owner is greater than the original Owner's Issue Age, then the death benefit must be recalculated based on a new Owner's Issue Age equal to the new Owner's age at the time of the change of Owner. The new Owner's death will then determine when a death benefit is payable. CHOOSING AN INCOME PLAN

The Cash Surrender Value. If the Owner's Issue Age is greater than 67 but less than or equal to 75, the Death Benefit is the greatest of: (1) The sum of premium payments less any withdrawals and taxes; (2) The Accumulation Value less any taxes; (3) The Accumulation Value (plus subsequent premiums less subsequent withdrawals and taxes) on the 8th Contract contract anniversary but on or before the Owner's death; or (4) The Cash Surrender Value. 3D2 THE SCHEDULE CONTRACT FACTS (continued) ------------------------------------------------------------------------------ Annuitant Owner [XXXXXX X. XXX] [XXXX X. XXX] ------------------------------------------------------------------------------ Initial Premium Annuity Option Annuity Commencement Date [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] ------------------------------------------------------------------------------ Separate Account(s) Contract Number [SEPARATE ACCOUNT B AND THE FIXED ACCOUNTB] [123456] ------------------------------------------------------------------------------ If the Owner's Issue Age is greater than 75: The Death Benefit is equal to the greater of Accumulation Value or Cash Surrender Value.] CHANGE OF OWNER When ownership changes, the death benefit must be redetermined. If the new Owner's age at the time of the change of Owner is less than or equal to the original Owner's Issue Age, then the death benefit in effect prior to the change of Owner will remain in effect. If the new Owner's age at the time of the change of Owner is greater than the original Owner's Issue Age, then the death benefit must be recalculated based on a new Owner's Issue Age equal to the new Owner's age at the time of the change of Owner. The new Owner's death will then determine when a death benefit is payable. CHOOSING AN INCOME PLANPLAN REQUIRED DATE OF ANNUITY COMMENCEMENT [Distributions from a Contract funding a qualified plan must commence no later than [April 1st] of the calendar year following the calendar year in which the Owner attains age 70 1/2.] The Annuity Commencement Date is required to be the same date as the Contract Processing Date in the month following the Annuitant's 90th birthday. If, on the Annuity Commencement Date, a Surrender Charge remains, your elected Annuity Option must include a period certain of at least five years duration. In applying the Accumulation Value, we may first collect any Premium Taxes due us. MINIMUM ANNUITY INCOME PAYMENT The minimum monthly annuity income payment that we will make is [$20]. OPTIONAL BENEFIT RIDERS - [None.] ATTAINED AGE The Issue Age of the Annuitant or Owner plus the number of full years elapsed since the Contract Date. 3D3 THE SCHEDULE CHARGES AND FEES ------------------------------------------------------------------------------ Annuitant Owner [XXXXXX X. XXX] [XXXX X. XXX] ------------------------------------------------------------------------------ Initial Premium Annuity Option Annuity Commencement Date [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] ------------------------------------------------------------------------------ Separate Account(s) Contract Number [SEPARATE ACCOUNT B] [123456] ------------------------------------------------------------------------------ DEDUCTIONS FROM PREMIUMS [None.] DEDUCTIONS FROM ACCUMULATION VALUE INITIAL ADMINISTRATIVE CHARGE [None.] ADMINISTRATIVE CHARGE We charge [$30] to cover a portion of our ongoing administrative expenses for each Contract Processing Period. The charge is incurred at the beginning of the Contract Processing Period and deducted on the Contract Processing Date at the end of the period. EXCESS ALLOCATION CHARGE Currently none, however, we reserve the right to charge [$25] for a change if you make more than [twelve] allocation changes per Contract Year. Any charge will be deducted in proportion to the amount being transferred from each Division. SURRENDER CHARGE A Surrender Charge is imposed as a percentage of unliquidated premium 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 is as follows: Complete Years Elapsed Surrender Since Premium Payment Charges ---------------------- --------- [0 8% 1 7% 2 6% 3 5% 4 4% 5 3% 6 2% 7 1% 8+ 0%] Surrender of the Contract is permitted at or before the commencement of annuity payments. 3E1 THE SCHEDULE CHARGES AND FEES (continued) ------------------------------------------------------------------------------ Annuitant Owner [XXXXXX X. XXX] [XXXX X. XXX] ------------------------------------------------------------------------------ Initial Premium Annuity Option Annuity Commencement Date [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] ------------------------------------------------------------------------------ Separate Account(s) Contract Number [SEPARATE ACCOUNT B] [123456] ------------------------------------------------------------------------------ [PREMIUM TAXES We deduct the amount of any premium or other state and local taxes levied by any state or governmental entity when such taxes are incurred. We reserve the right to defer collection of Premium Taxes until surrender or until application of Accumulation Value to an Annuity Option. An Excess Partial Withdrawal will result in the deduction of any Premium Tax then due us on such amount. We reserve the right to change the amount we charge for Premium Tax charges on future premium payments to conform with changes in the law or if the Owner changes state of residence.] DEDUCTIONS FROM THE DIVISIONS [MORTALITY AND EXPENSE RISK CHARGE - We deduct 0.00346% of the assets in each Variable Separate Account Division on a daily basis (equivalent to an annual rate of 1.25%) for mortality and expense risks. This charge is not deducted from the General Account values.] [ASSET BASED ADMINISTRATIVE CHARGE - We deduct 0.000411% of the assets in each Variable Separate Account Division on a daily basis (equivalent to an annual rate of 0.15%) to compensate us for a portion of our ongoing administrative expenses. This charge is not deducted from the General Account values.] CHARGE DEDUCTION DIVISION All charges against the Accumulation Value in this Contract will be deducted from the [Liquid Asset Division]. 3E2 THE SCHEDULE INCOME PLAN FACTORS ------------------------------------------------------------------------------ Annuitant Owner [XXXXXX X. XXX] [XXXX X. XXX] ------------------------------------------------------------------------------ Initial Premium Annuity Option Annuity Commencement Date [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] ------------------------------------------------------------------------------ Separate Account(s) Contract Number [SEPARATE ACCOUNT B] [123456] ------------------------------------------------------------------------------ Values for other payment periods, ages or joint life combinations are available on request. Monthly payments are shown for each $1,000 applied. TABLE FOR INCOME FOR A FIXED PERIOD Fixed Period Monthly Fixed Period Monthly Fixed Period Monthly of Years Income of Years Income of Years Income ------------ ------- ------------ ------- ------------ ------- [5 17.95 14 7.28 23 5.00 6 15.18 15 6.89 24 4.85 7 13.20 16 6.54 25 4.72 8 11.71 17 6.24 26 4.60 9 10.56 18 5.98 27 4.49 10 9.64 19 5.74 28 4.38 11 8.88 20 5.53 29 4.28 12 8.26 21 5.33 30 4.19] 13 7.73 22 5.16 TABLE FOR INCOME FOR LIFE Male/Female Male/Female Male/Female Age 10 Years Certain 20 Years Certain Refund Certain --- ---------------- ---------------- -------------- [50 $4.06/3.83 $3.96/3.77 $3.93/3.75 55 4.43/4.14 4.25/4.05 4.25/4.03 60 4.90/4.56 4.57/4.37 4.66/4.40 65 5.51/5.10 4.90/4.73 5.12/4.83 70 6.26/5.81 5.18/5.07 5.76/5.42 75 7.11/6.70 5.38/5.33 6.58/6.19 80 7.99/7.70 5.48/5.46 7.69/7.21 85 8.72/8.59 5.52/5.51 8.72/8.59 90 9.23/9.18 5.53/5.53 10.63/10.53] 3F IMPORTANT TERMS ------------------------------------------------------------------------------ ACCUMULATION VALUE - The amount that a Contract provides for investment at any time. Initially, this amount is equal to the premium paid.