Common use of ANNUITY PAYMENT OPTIONS Clause in Contracts

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate to the Company at its Annuity Service Center, the Certificate Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years one year from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, Option 4 below, with 120 monthly payments for 10 years guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five ([5) ] years or more, but not exceeding thirty ([30) ] years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary. If Variable Annuity Payments are elected under this Annuity Payment Option, any remaining guaranteed Variable Annuity payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if You fully surrendered Your Contract.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected elected by the Annuity Date, You will automatically receive option 4, below, Option 4 below with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND SURVIVOR LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years120 or 240 monthly periods, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 120 or 20 years240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments are payable to the Payee for any specified period of time for of five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve twelve-month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary. If Variable Annuity Payments are elected under this Annuity Payment Option, any remaining guaranteed Variable Annuity payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if You fully surrendered Your Contract.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company Us at its Our Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years one year from the Certificate Contract Date, and prior before to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, Option 4 below, with 120 monthly payments for 10 years guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five ([5) ] years or more, but not exceeding thirty ([30) ] years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary. If Variable Annuity Payments are elected under this Annuity Payment Option, any remaining guaranteed Variable Annuity payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if You fully surrendered Your Contract.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate to the Company at its Annuity Service Center, the Certificate Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected elected by the Annuity Date, You will automatically receive option 4, below, Option 4 below with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years120 or 240 monthly periods, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 120 or 20 years240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary. If Variable Annuity Payments are elected under this Annuity Payment Option, any remaining guaranteed Variable Annuity payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if You fully surrendered Your Contract.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate to the Company at its Annuity Service Center, the Certificate Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND 100% SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND 100% SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made 21 for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Payments payable to a the Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years120 or 240 monthly periods, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 120 or 20 years240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments are payable to the Payee for any specified period of time for of five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve twelve-month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary. If Variable Annuity Payments are elected under this Annuity Payment Option, any remaining guaranteed Variable Annuity payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if You fully surrendered Your Contract.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate to the Company at its Annuity Service Center, the Certificate Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND 100% SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND 100% SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary. If Variable Annuity Payments are elected under this Annuity Payment Option, any remaining guaranteed Variable Annuity payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if You fully surrendered Your Certificate.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate to the Company at its Annuity Service Center, the Certificate Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND 100% SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND 100% SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate to the Company at its Annuity Service Center, the Certificate Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected elected by the Annuity Date, You will automatically receive option 4, below, Option 4 below with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH - 120 MONTHLY PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years120 monthly periods, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 120 or 20 years240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate to the Company at its Annuity Service Center, the Certificate Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected elected by the Annuity Date, You will automatically receive option 4, below, Option 4 below with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND SURVIVOR LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years120 or 240 monthly periods, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 120 or 20 years240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments are payable to the Payee for any specified period of time for of five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve twelve-month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary. If Variable Annuity Payments are elected under this Annuity Payment Option, any remaining guaranteed Variable Annuity payments may be redeemed for a discounted value determined by Us.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected elected by the Annuity Date, You will automatically receive option 4, below, Option 4 below with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND SURVIVOR LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years120 or 240 monthly periods, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 120 or 20 years240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining guaranteed annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years one year from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 10 years of monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 yearsor 20 years as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected elected by the Annuity Date, You will automatically receive option 4, below, Option 4 below with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH - 120 MONTHLY PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years120 monthly periods, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 120 or 20 years240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years120 or 240 monthly periods, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 120 or 20 years240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate to the Company at its Annuity Service Center, the Certificate Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years120 or 240 monthly periods, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 120 or 20 years240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During If the Beneficiary or Joint Annuitant is the Annuitant's lifespouse, upon written election then under the Annuity Payment Option elected the present value of the payments projected to be made to the Annuitant must equal more than 50% of the present value of the total payments projected to be made to the Annuitant and the return Beneficiary or Joint Annuitant. The present value of such projected payments shall be determined on the basis of the actuarial assumptions utilized by LNL in determining the amount of the annuity payments. If the Beneficiary or Joint Annuitant is the Annuitant's spouse, under the Annuity Payment Option elected the periodic payment made to the spouse on the death of the Annuitant may be no greater than the payment made to the Annuitant during his lifetime." THE LINCOLN NATIONAL LIFE INSURANCE COMPANY /s/ Xxx X. Xxxxx XXX X. XXXXX, SECOND VICE PRESIDENT BENEFICIARY RIDER MADE A PART OF THE CONTRACT TO WHICH IT IS ATTACHED ('THIS CONTRACT") The following paragraphs shall be inserted after the second paragraph under the Section "DEATH OF ANNUITANT" of this Certificate to Contract: "If the Company Beneficiary designated at its Annuity Service Center, the Certificate Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime time of the Annuitant's death is a surviving spouse, the Contract may be continued in the name of the spouse as the Annuitant. No further payments are payable after For a Beneficiary other than a spouse, if the Annuitant dies before Annuity Payments have begun under the Contract, the amounts must be distributed to the designated Beneficiary within five years of the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of For a Beneficiary other than a spouse, if the Annuitant and during dies after Annuity Payments have begun under the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 yearsContract, the remaining guaranteed annuity payments will portion of the Annuitant's interest must either be continued to distributed at least as rapidly as under the method of distribution being used as of the date of the Annuitant's death or distributed over the life of the Beneficiary or a period not extending beyond the life expectancy of the Beneficiary. OPTIONS 4 & 4V - The distribution of these amounts must begin not later than one year after the Annuitant's death." THE LINCOLN NATIONAL LIFE INSURANCE COMPANY /s/ Xxx X. Xxxxx XXX X. XXXXX, SECOND VICE PRESIDENT SECTION 403(b) ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable ENDORSEMENT MADE A PART OF THE CONTRACT TO WHICH IT IS ATTACHED ("THIS CONTRACT") This Endorsement is attached to an annuity contract ("Contract") described in Section 403(b) of the Internal Revenue Code of 1986 and applicable regulations ("IRC"). The Contract will be governed by this Endorsement and Section 403(b) annuity rules and any contrary provisions in the Contract are amended as follows. If the Section 403(b) arrangement ("Arrangement") in which you participate is subject to the Payee during the lifetime requirements of the Annuitant. If, at the death Employee Retirement Income Security Act of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization1974 and applicable regulations ("ERISA"), the remaining guaranteed annuity payments will be continued to the Beneficiaryprovisions of Section 10 below shall also apply. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.OWNER AND ANNUITANT

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND 100% SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND 100% SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND 100% SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND 100% SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made 21 for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary.

ANNUITY PAYMENT OPTIONS. During If, based upon information provided by Plan Sponsor, the Annuitant's life, upon written election GLWB Participant or Beneficiary is entitled to a Distribution under the applicable terms and provisions of the Plan and the return Code sections governing the Plan, all or a portion of this Certificate to the Company at its Annuity Service Center, the Certificate Value an Account may be applied to provide one of the following options or any an annuity payment option that is mutually agreeable. After two years from the Certificate Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity DateGLWB Participant or Beneficiary, You so long as the requirements of Code § 401(a)(9) are met. Thereafter, this Contract will automatically receive option 4, below, no longer be applicable with 120 monthly respect to amounts applied to the annuity payment option. GWL&A of NY will issue to the GLWB Participant or Beneficiary to whom annuity payments guaranteedare to be made an annuity certificate describing the material provisions and benefits payable under the elected annuity payment option. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable Subject to a Payee during the lifetime terms of the AnnuitantPlan, a GLWB Participant may elect the following annuity payment options: • Paid-Up Fixed Life Only Annuity; and • Paid-Up Fixed Joint and Survivor Annuity. No further payments are payable A GLWB Participant may also select any other annuity payout option permitted by the Plan that GWL&A of NY may make available. The GLWB Participant will be the payee of the annuity payout options made available, unless GWL&A of NY receives other instructions in Good Order. The amount used to purchase an annuity under Section 12 of this Contract is: (i) the portion of the vested GLWB Participant Account Value elected by a GLWB Participant, less (ii) any applicable tax, and less (iii) any fees and charges described in this Contract. Annuities will be purchased using GWL&A of NY’s current purchase rates for contracts of this class at the time the annuity is purchased under Section 12 of this Contract. These rates will be at least as favorable to the Annuitant as an annuity purchased with rates based on the following actuarial assumptions: • Interest Rate Assumption: [1.00%] • Mortality Assumption: [2012 IAM Basic Female mortality table with Projection Scale G2 improvement factors applied; Static improvement from year of table (2012) to year of the fixed paid-up annuity certificate issue, generational improvement thereafter] • Loading: [5.00%] GWL&A of NY will review this guaranteed actuarial basis annually and may change it by providing at least 90 calendar days’ advance written notice to the Plan Sponsor. However, GWL&A of NY cannot change this guaranteed actuarial basis for the first 60 months after the death Contract Date. After the first 60 months of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to Contract, unless GWL&A of NY and Plan Sponsor otherwise agree in writing, GWL&A of NY will only change the Payee during guaranteed actuarial basis once in any sixty 60 month period, in which case the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years, the remaining guaranteed annuity payments actuarial basis will be continued at least as favorable as the actuarial basis GWL&A of NY offers to any other Contractholder in the Beneficiary. OPTIONS 4 & 4V - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, same class as selected this Contract at the time of annuitizationsuch change. The Plan Sponsor is responsible for determining the extent to which the Qualified Joint and Survivor Annuity (“QJSA”) and Qualified Preretirement Survivor Annuity rules under the Code or ERISA are applicable, the remaining guaranteed annuity payments will be continued and for compliance with such rules to the Beneficiary. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiaryextent applicable.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company Us at its Our Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to before the Annuity Date, You can choose one of the options described below. If no option has AS-981 (5/06) been selected by the Annuity Date, You will automatically receive option 4, 4 below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Payments payable to a the Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years120 or 240 monthly periods, the remaining guaranteed annuity payments will be continued to the Beneficiary. If, at the death of the survivor, payments have been made for at least 120 or 240 monthly periods, as selected at the time of annuitization, no further payments will be made. OPTIONS 4 & 4V - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 120 or 20 years240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. If, at the death of the Annuitant, payments have been made for at least 120 or 240 monthly periods, no further payments will be made. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for of five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve twelve-month periods. In the event of death of the AnnuitantAnnuitant during the specified period of time, any remaining annuity payments will be continued to the Beneficiary. If the Annuitant dies after the end of the specified period of time, no further payments will be made. If Variable Annuity Payments are elected under this Annuity Payment Option, any remaining guaranteed Variable Annuity payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if Your Contract was fully withdrawn. AS-981 (5/06) FIXED ANNUITY PAYMENT OPTIONS TABLE ( BASIS OF COMPUTATION ) ( ) ( The actuarial basis for the Table of Annuity Rates is the Annuity 2000 ) ( Mortality Table with a guaranteed interest rate of [1.50%], with ) ( quinquennial age setbacks. For every five years that the Contract has been ) ( in effect at the time of annuitization, the Annuitant's age will be set back ) ( by one year to determine the applicable factors. The Fixed Annuity Payment ) ( Options Table does not include any applicable premium tax. ) OPTIONS 1 & 4 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) OPTION 1 OPTION 4 OPTION 4 LIFE ANNUITY LIFE ANNUITY AGE OF (W/120 PAYMENTS GUARANTEED) (W/240 PAYMENTS GUARANTEED) ANNUITANT LIFE ANNUITY MALE FEMALE MALE FEMALE MALE FEMALE 55 3.68 3.38 3.64 3.35 3.48 3.27 56 3.77 3.46 3.73 3.43 3.55 3.34 57 3.87 3.54 3.82 3.51 3.62 3.40 58 3.98 3.63 3.92 3.60 3.69 3.47 59 4.09 3.73 4.02 3.69 3.76 3.54 60 4.21 3.83 4.13 3.78 3.83 3.62 61 4.34 3.93 4.24 3.89 3.90 3.69 62 4.47 4.05 4.36 3.99 3.97 3.77 63 4.62 4.17 4.49 4.10 4.04 3.84 64 4.77 4.30 4.62 4.22 4.10 3.92 65 4.93 4.44 4.76 4.35 4.17 4.00 66 5.11 4.58 4.90 4.48 4.24 4.07 67 5.30 4.74 5.05 4.62 4.30 4.15 68 5.49 4.91 5.20 4.76 4.36 4.22 69 5.71 5.09 5.36 4.92 4.41 4.29 70 5.93 5.29 5.53 5.08 4.47 4.36 71 6.17 5.50 5.70 5.25 4.51 4.42 72 6.43 5.73 5.87 5.43 4.56 4.48 73 6.70 5.98 6.05 5.62 4.60 4.53 74 6.99 6.24 6.23 5.81 4.63 4.58 75 7.31 6.53 6.41 6.01 4.67 4.62 76 7.64 6.84 6.59 6.21 4.69 4.65 77 8.00 7.18 6.78 6.41 4.72 4.69 78 8.38 7.55 6.96 6.62 4.74 4.71 79 8.79 7.94 7.13 6.83 4.75 4.74 80 9.23 8.37 7.31 7.03 4.77 4.75 81 9.70 8.84 7.47 7.23 4.78 4.77 82 10.20 9.34 7.63 7.42 4.79 4.78 83 10.73 9.88 7.78 7.60 4.80 4.79 84 11.30 10.47 7.93 7.77 4.80 4.80 85 11.90 11.10 8.06 7.93 4.81 4.80 AS-981 (5/06) OPTION 2 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) JOINT & 100% SURVIVOR LIFE ANNUITY AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------- 55 60 65 70 75 80 85 55 3.01 3.18 3.33 3.45 3.54 3.60 3.64 60 3.12 3.36 3.59 3.78 3.94 4.05 4.12 65 3.21 3.51 3.83 4.13 4.40 4.61 4.75 70 3.27 3.63 4.03 4.46 4.89 5.26 5.53 75 3.32 3.70 4.18 4.74 5.35 5.95 6.45 80 3.34 3.76 4.29 4.95 5.75 6.62 7.45 85 3.36 3.79 4.35 5.09 6.05 7.20 8.44 OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT & 100% SURVIVOR LIFE ANNUITY (W/120 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------- 55 60 65 70 75 80 85 55 3.01 3.18 3.33 3.45 3.53 3.59 3.62 60 3.12 3.36 3.58 3.78 3.93 4.03 4.09 65 3.21 3.51 3.82 4.12 4.38 4.56 4.67 70 3.27 3.62 4.02 4.44 4.84 5.16 5.36 75 3.31 3.70 4.16 4.70 5.26 5.76 6.11 80 3.33 3.74 4.25 4.88 5.59 6.28 6.80 85 3.35 3.77 4.31 4.99 5.81 6.66 7.35 OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT & 100% SURVIVOR LIFE ANNUITY (W/240 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------- 55 60 65 70 75 80 85 55 3.00 3.16 3.30 3.39 3.45 3.47 3.48 60 3.11 3.33 3.53 3.68 3.77 3.81 3.82 65 3.18 3.46 3.72 3.94 4.08 4.15 4.17 70 3.23 3.54 3.86 4.14 4.33 4.43 4.46 75 3.26 3.59 3.94 4.27 4.50 4.62 4.66 80 3.27 3.61 3.98 4.33 4.58 4.71 4.76 85 3.27 3.62 3.99 4.35 4.61 4.75 4.80 AS-981 (5/06) 22 OPTION 5 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. FIXED PAYMENT FOR SPECIFIED PERIOD NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT -------- ------- -------- ------- -------- ------- -------- ------- 10 8.96 17 5.55 24 4.13 11 8.21 18 5.27 25 3.99 5 17.28 12 7.58 19 5.03 26 3.86 6 14.51 13 7.05 20 4.81 27 3.75 7 12.53 14 6.59 21 4.62 28 3.64 8 11.04 15 6.20 22 4.44 29 3.54 9 9.89 16 5.85 23 4.28 30 3.44 AS-981 (5/06) VARIABLE ANNUITY PAYMENT OPTIONS TABLE ( BASIS OF COMPUTATION ) ( ) ( The actuarial basis for the Table of Annuity Rates is the Annuity 2000 ) ( Mortality Table with an effective annual Assumed Investment Rate of 3.50%, ) ( with quinquennial age setbacks. For every five years that the Contract has ) ( been in effect at the time of annuitization, the Annuitant's age will be set ) ( back by one year to determine the applicable factors. The Variable Annuity ) ( Payment Options Table does not include any applicable premium tax. ) OPTIONS 1V& 4V - TABLE OF MONTHLY INSTALLMENTS PER $1,000 (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) OPTION 1V OPTION 4V OPTION 4V LIFE ANNUITY LIFE ANNUITY AGE OF (W/120 PAYMENTS (W/240 PAYMENTS ANNUITANT LIFE ANNUITY GUARANTEED) GUARANTEED) MALE FEMALE MALE FEMALE MALE FEMALE 55 4.80 4.48 4.74 4.45 4.54 4.34 56 4.89 4.56 4.82 4.52 4.60 4.40 57 4.99 4.64 4.91 4.60 4.67 4.46 58 5.09 4.73 5.01 4.68 4.73 4.53 59 5.21 4.82 5.11 4.77 4.79 4.59 60 5.33 4.92 5.21 4.86 4.86 4.66 61 5.45 5.03 5.32 4.96 4.92 4.73 62 5.59 5.14 5.44 5.06 4.98 4.80 63 5.73 5.26 5.56 5.17 5.05 4.87 64 5.89 5.39 5.69 5.29 5.11 4.94 65 6.06 5.53 5.83 5.41 5.17 5.01 66 6.24 5.68 5.97 5.54 5.23 5.08 67 6.43 5.84 6.11 5.67 5.29 5.14 68 6.63 6.01 6.26 5.82 5.34 5.21 69 6.84 6.19 6.42 5.97 5.39 5.28 70 7.07 6.39 6.57 6.12 5.44 5.34 71 7.32 6.60 6.74 6.29 5.48 5.39 72 7.58 6.84 6.91 6.46 5.52 5.45 73 7.86 7.09 7.08 6.64 5.56 5.49 74 8.16 7.36 7.25 6.83 5.59 5.54 75 8.47 7.65 7.42 7.02 5.62 5.57 76 8.82 7.97 7.59 7.22 5.64 5.61 77 9.18 8.31 7.77 7.41 5.67 5.64 78 9.57 8.69 7.94 7.61 5.68 5.66 79 9.99 9.09 8.11 7.81 5.70 5.68 80 10.43 9.53 8.27 8.00 5.71 5.70 81 10.91 10.00 8.43 8.19 5.72 5.71 82 11.42 10.51 8.58 8.38 5.73 5.72 83 11.96 11.07 8.72 8.55 5.74 5.73 84 12.53 11.67 8.85 8.71 5.74 5.74 85 13.15 12.31 8.98 8.86 5.75 5.74 AS-981 (5/06) 24 OPTION 2V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) JOINT & 100% SURVIVOR LIFE ANNUITY AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------- 55 60 65 70 75 80 85 55 4.09 4.25 4.40 4.52 4.62 4.69 4.74 60 4.20 4.42 4.64 4.84 5.00 5.13 5.21 65 4.29 4.56 4.87 5.17 5.45 5.67 5.83 70 4.35 4.68 5.07 5.49 5.92 6.30 6.60 75 4.40 4.77 5.23 5.78 6.38 6.99 7.50 80 4.43 4.83 5.34 6.00 6.79 7.66 8.50 85 4.45 4.87 5.42 6.15 7.10 8.25 9.49 OPTION 3V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT AND 100% SURVIVOR LIFE ANNUITY (W/120 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------- 55 60 65 70 75 80 85 55 4.08 4.25 4.40 4.52 4.61 4.68 4.71 60 4.19 4.41 4.63 4.83 4.99 5.10 5.16 65 4.28 4.56 4.86 5.15 5.41 5.61 5.73 70 4.35 4.68 5.05 5.46 5.86 6.18 6.40 75 4.39 4.76 5.20 5.72 6.27 6.76 7.11 80 4.42 4.81 5.30 5.91 6.60 7.26 7.77 85 4.44 4.84 5.36 6.03 6.82 7.63 8.29 OPTION 3V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT AND 100% SURVIVOR LIFE ANNUITY (W/240 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------- 55 60 65 70 75 80 85 55 4.07 4.22 4.36 4.45 4.51 4.53 4.54 60 4.17 4.38 4.56 4.71 4.80 4.84 4.85 65 4.25 4.50 4.74 4.95 5.08 5.14 5.17 70 4.30 4.58 4.88 5.14 5.31 5.40 5.43 75 4.32 4.63 4.96 5.25 5.46 5.57 5.61 80 4.34 4.65 4.99 5.31 5.54 5.66 5.70 85 4.34 4.66 5.00 5.33 5.57 5.69 5.74 AS-981 (5/06) 25 OPTION 5V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. PAYMENTS FOR A SPECIFIED PERIOD NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT -------- ------- -------- ------- -------- ------- -------- ------- 10 8.96 17 5.55 24 4.13 11 8.21 18 5.27 25 3.99 5 17.28 12 7.58 19 5.03 26 3.86 6 14.51 13 7.05 20 4.81 27 3.75 7 12.53 14 6.59 21 4.62 28 3.64 8 11.04 15 6.20 22 4.44 29 3.54 9 9.89 16 5.85 23 4.28 30 3.44 AS-981 (5/06) AIG SUNAMERICA LIFE ASSURANCE COMPANY A STOCK COMPANY LOS ANGELES, CALIFORNIA INDIVIDUAL FIXED AND VARIABLE ANNUITY CONTRACT Nonparticipating AS-981 (5/06)

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary. If Variable Annuity Payments are elected under this Annuity Payment Option, any remaining guaranteed Variable Annuity payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if You fully surrendered Your Contract.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company at its Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years from the Certificate Contract Date, and prior to the Annuity Date, You can choose one of the options described below. If no option has been selected elected by the Annuity Date, You will automatically receive option 4, below, Option 4 below with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND SURVIVOR LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years120 or 240 monthly periods, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 120 or 20 years240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments are payable to the Payee for any specified period of time for of five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve twelve-month periods. In the event of death of the Annuitant, any remaining annuity payments will be 18 44 continued to the Beneficiary. If Variable Annuity Payments are elected under this Annuity Payment Option, any remaining guaranteed Variable Annuity payments may be redeemed for a discounted value determined by Us.

ANNUITY PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Certificate Contract to the Company Us at its Our Annuity Service Center, the Certificate Contract Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable. After two years one year from the Certificate Contract Date, and prior before to the Annuity Date, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, Option 4 below, with 120 monthly payments for 10 years guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 YEARS Payments are payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, payments have been made for less than 10 years, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, payments have been made for less than the 10 or 20 years, as selected at the time of annuitization, the remaining guaranteed annuity payments will be continued to the Beneficiary. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five ([5) ] years or more, but not exceeding thirty ([30) ] years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant, any remaining annuity payments will be continued to the Beneficiary. If Variable Annuity Payments are elected under this Annuity Payment Option, any remaining guaranteed Variable Annuity payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if You fully surrendered Your Contract.