Common use of AMOUNTS AT RISK Clause in Contracts

AMOUNTS AT RISK. A. The reinsurance death benefit is the excess of the minimum guaranteed death benefit over the Account Value. At issue, the minimum guaranteed death benefit is equal to the purchase price of the contract. Refer to Schedule C for a detailed description of the guaranteed minimum death benefit. B. After age 85, the minimum guaranteed death benefit is the annuity value and the reinsurance amount at risk is zero. C. The Account Value represents the Annuitant holder’s invested assets in the funds in Schedule B as it appears in the records of Integrity Life before application of any surrender charges, on any given date. D. The amount at risk each quarter will be calculated as the reinsurance death benefit for each variable annuity Account covered under this agreement. For determining the amount at risk, the minimum guaranteed death benefit and the Account Value are calculated as the average of the values at the end of the current quarter and the end of the prior quarter. The amount at risk cannot fall below zero.

AMOUNTS AT RISK. A. The reinsurance death benefit is the excess of the minimum guaranteed death benefit over the Account Value. At issue, the minimum guaranteed death benefit is equal to the purchase price of the contract. Refer to Schedule C for a detailed description of the guaranteed minimum death benefit. B. After age 85, the minimum guaranteed death benefit is the annuity value and the reinsurance amount at risk is zero. C. The Account Value represents the Annuitant holder’s invested assets in the funds in Schedule B as it appears in the records of National Integrity Life before application of any surrender charges, on any given date. D. The amount at risk each quarter will be calculated as the reinsurance death benefit for each variable annuity Account covered under this agreement. For determining the amount at risk, the minimum guaranteed death benefit and the Account Value are calculated as the average of the values at the end of the current quarter and the end of the prior quarter. The amount at risk cannot fall below zero.