Common use of Annuity Payments Clause in Contracts

Annuity Payments. GENERAL Benefits payable under this Contract may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send you information about Annuity Options before the Maturity Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal of the Surrender Value, or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications Page. You can change the Annuity Option at any time before Annuity Payments begin. We will provide Fixed Annuity payments. The method used to calculate the amount of the Fixed Annuity payments is described below. If the monthly Annuity Payment is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed Annuity payment by applying the Contract Value as of a date not more than 10 business days prior to the date Annuity Payments begin (minus any applicable premium taxes) to the Annuity Option elected based on the mortality table and interest rate shown on the Specifications Page. The Fixed Annuity payment will not be less than that available by applying the Contract Value to purchase a single premium immediate annuity then offered by us or a company affiliated with us to the same class of annuitants. We guarantee the dollar amount of Fixed Annuity payments.

Annuity Payments. GENERAL Benefits payable under this General The entire Contract Value or the entire amount of the Beneficiary’s portion of the Death Benefit may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send you information about Annuity Options before the Maturity Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make You may select a total Withdrawal of the Surrender Value, Fixed or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications Page. You can change the Annuity Option at any time before Annuity Payments beginVariable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If We may pay the Contract Value or Death Benefit, on the Annuity Commencement Date in one lump sum if the corresponding monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date . Variable Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed the first Variable Annuity payment Payment by applying the portion of the Contract Value as of used to effect a date not more than 10 business days prior to the date Variable Annuity Payments begin (minus any applicable of the following, as applicable: Annual Contract Fee, Payment Based Charge, Rider Fees, and premium taxes) to the Annuity Option elected based on the mortality table and assumed interest rate shown in the Specifications Pages. We will provide a table of the annuity factors upon Written Request. If the current rates in use by us on the Specifications PageAnnuity Commencement Date are more favorable to you, we will use the current rates. The Fixed portion of the Contract Value used to effect a Variable Annuity payment will be measured as of a date not more than 10 business days prior to the Annuity Commencement Date. The initial Variable Annuity Payment will not be less than that available by applying the Contract Value to purchase a single premium immediate annuity then offered to the same class of annuitants by us or a company affiliated with us us. Subsequent payments will be based on the investment performance of one or more Subaccounts as you select. The amount of such payments is determined by the number of Annuity Units credited for each Subaccount. Such number is determined by dividing the portion of the first payment allocated to that Subaccount by the Annuity Unit value for that Subaccount determined as of the same class of annuitantsdate that the Contract Value used to effect Annuity Payments was determined. We then multiply this number of Annuity Units for each Subaccount by the appropriate Annuity Unit value for each subsequent determination date, which is a uniformly applied date not more than 10 business days before the payment is due. ICC11-VENTURE-EJO.11 Mortality And Expense Guarantee We guarantee that the dollar amount of Fixed each Variable Annuity paymentspayment will not be affected by changes in mortality and expense experience.

Annuity Payments. GENERAL Benefits payable under this General The entire Contract Value or the entire amount of the Beneficiary’s portion of the Death Benefit may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send you information about Annuity Options before the Maturity Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make You may select a total Withdrawal of the Surrender Value, Fixed or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications Page. You can change the Annuity Option at any time before Annuity Payments beginVariable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If We may pay the Contract Value or Death Benefit, on the Annuity Commencement Date in one lump sum if the corresponding monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date . VENTURE-EE.11-NY Variable Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed the first Variable Annuity payment Payment by applying the portion of the Contract Value as of used to effect a date not more than 10 business days prior to the date Variable Annuity Payments begin (minus any applicable of the following, as applicable: Annual Contract Fee, Rider Fees, and premium taxes) to the Annuity Option elected based on the mortality table and assumed interest rate shown in the Specifications Pages. We will provide a table of the annuity factors upon Written Request. If the current rates in use by us on the Specifications PageAnnuity Commencement Date are more favorable to you, we will use the current rates. The Fixed portion of the Contract Value used to effect a Variable Annuity payment will be measured as of a date not more than 10 business days prior to the Annuity Commencement Date. The initial Variable Annuity Payment will not be less than that available by applying the Contract Value to purchase a single premium immediate annuity then offered to the same class of annuitants by us or a company affiliated with us us. Since no such annuity current exists, we will apply rates that are reasonable in relation to the market single premium immediate annuity rates. Subsequent payments will be based on the investment performance of one or more Subaccounts as you select. The amount of such payments is determined by the number of Annuity Units credited for each Subaccount. Such number is determined by dividing the portion of the first payment allocated to that Subaccount by the Annuity Unit value for that Subaccount determined as of the same class of annuitantsdate that the Contract Value used to effect Annuity Payments was determined. We then multiply this number of Annuity Units for each Subaccount by the appropriate Annuity Unit value for each subsequent determination date, which is a uniformly applied date not more than 10 business days before the payment is due. Mortality And Expense Guarantee We guarantee that the dollar amount of Fixed each Variable Annuity paymentspayment will not be affected by changes in mortality and expense experience.

Annuity Payments. GENERAL Benefits payable under this Contract may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. The "Life 10-year certain" Annuity Option described under Part 12, Option 1(b) is the default Annuity Option unless you request another option prior to the Annuity Commencement Date or unless otherwise required by the Internal Revenue Code. If you are receiving distributions that comply with the minimum distribution requirements of the Internal Revenue Code, you do not need to annuitize the Contract Value. We will send you information about Annuity Options before the Maturity Annuity Commencement Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal of the Surrender Value, or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications PagePage and the Annuity Commencement Date is considered to be the Maturity Date. You can change the Annuity Option at any time before Annuity Payments begincommence. You may select a Fixed or Variable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If We may pay the Contract Value, less Debt, on the Maturity Date or Annuity Commencement Date, if earlier in one lump sum if the monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, if earlier. FIXED VARIABLE ANNUITY PAYMENTS We will determine the amount of each Fixed the first Variable Annuity payment Payment by applying the portion of the Contract Value as of used to effect a date not more than 10 business days prior to the date Variable Annuity Payments begin (minus any applicable premium taxes) to the Annuity Option elected based on the mortality table and assumed interest rate shown on the Specifications Page. We will provide a table of the annuity factors upon request. If the current rates in use by us on the Annuity Commencement Date are more favorable to you, we will use the current rates. The Fixed Annuity payment will not be less than that available by applying portion of the Contract Value used to purchase effect a single premium immediate annuity then offered by us or Variable Annuity will be measured as of a company affiliated with us date not more than 10 business days prior to the Annuity Commencement Date. Subsequent payments will be based on the investment performance of one or more Sub-Accounts as you select. The amount of such payments is determined by the number of Annuity Units credited for each Sub-Account. Such number is determined by dividing the portion of the first payment allocated to that Sub-Account by the Annuity Unit value for that Sub-Account determined as of the same class of annuitantsdate that the Contract Value used to effect Annuity Payments was determined. We guarantee then multiply this number of Annuity Units for each Sub-Account by the dollar amount of Fixed appropriate Annuity paymentsUnit value for each subsequent determination date, which is a uniformly applied date not more than 10 business days before the payment is due.

Annuity Payments. GENERAL Benefits payable under this General The entire Contract Value or the entire amount of the Beneficiary’s portion of the Death Benefit may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send you information about Annuity Options before the Maturity Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make You may select a total Withdrawal of the Surrender Value, Fixed or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications Page. You can change the Annuity Option at any time before Annuity Payments beginVariable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If We may pay the Contract Value or Death Benefit, on the Annuity Commencement Date in one lump sum if the corresponding monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date . ICC11-VENTURE-EE.11 Variable Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed the first Variable Annuity payment Payment by applying the portion of the Contract Value as of used to effect a date not more than 10 business days prior to the date Variable Annuity Payments begin (minus any applicable of the following, as applicable: Annual Contract Fee, Rider Fees, and premium taxes) to the Annuity Option elected based on the mortality table and assumed interest rate shown in the Specifications Pages. We will provide a table of the annuity factors upon Written Request. If the current rates in use by us on the Specifications PageAnnuity Commencement Date are more favorable to you, we will use the current rates. The Fixed portion of the Contract Value used to effect a Variable Annuity payment will be measured as of a date not more than 10 business days prior to the Annuity Commencement Date. The initial Variable Annuity Payment will not be less than that available by applying the Contract Value to purchase a single premium immediate annuity then offered to the same class of annuitants by us or a company affiliated with us us. Subsequent payments will be based on the investment performance of one or more Subaccounts as you select. The amount of such payments is determined by the number of Annuity Units credited for each Subaccount. Such number is determined by dividing the portion of the first payment allocated to that Subaccount by the Annuity Unit value for that Subaccount determined as of the same class of annuitantsdate that the Contract Value used to effect Annuity Payments was determined. We then multiply this number of Annuity Units for each Subaccount by the appropriate Annuity Unit value for each subsequent determination date, which is a uniformly applied date not more than 10 business days before the payment is due. Mortality And Expense Guarantee We guarantee that the dollar amount of Fixed each Variable Annuity paymentspayment will not be affected by changes in mortality and expense experience.

Annuity Payments. GENERAL Benefits payable under this The entire Contract Value or the entire amount of the Beneficiary's portion of the Death Benefit may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send The "Life 10-Year Certain" Annuity Option described under Part 11, Option 1 is the default Annuity Option unless you information about Annuity Options before request another option on or prior to the Maturity Date. If Date or unless otherwise required by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal of the Surrender Value, or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications PageInternal Revenue Code. You can change the Annuity Option at any time before Annuity Payments beginmay select a Fixed or Variable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If We may pay the Contract Value or Death Benefit, on the Annuity Commencement Date in one lump sum if the corresponding monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, if earlier. FIXED VARIABLE ANNUITY PAYMENTS We will determine the amount of each Fixed the first Variable Annuity payment Payment by applying the portion of the Contract Value as of used to effect a date not more than 10 business days prior to the date Variable Annuity Payments begin (minus any applicable premium taxes) to the Annuity Option elected based on the mortality table and assumed interest rate shown in the Specifications Pages. We will provide a table of the annuity factors upon Written Request. If the current rates in use by us on the Specifications PageAnnuity Commencement Date are more favorable to you, we will use the current rates. The Fixed portion of the Contract Value used to effect a Variable Annuity will be measured as of a date not more than 10 business days prior to the Annuity Commencement Date. VENTUREW-B.11-NY SAMPLE Subsequent payments will be based on the investment performance of one or more Subaccounts as you select. The amount of such payments is determined by the number of Annuity Units credited for each Subaccount. Such number is determined by dividing the portion of the first payment allocated to that Subaccount by the Annuity Unit value for that Subaccount determined as of the same date that the Contract Value used to effect Annuity Payments was determined. We then multiply this number of Annuity Units for each Subaccount by the appropriate Annuity Unit value for each subsequent determination date, which is a uniformly applied date not more than 10 business days before the payment is due. Variable Annuity payments, at the time of their commencement, will not be less than those that available would be provided by applying the Contract Value application of the amount described below to purchase a single premium immediate annuity then offered to the same class of annuitants by us or a company affiliated with us us. Since no such annuity currently exists, we will apply rates that are reasonable in relation to the same class of annuitantsmarket single premium immediate annuity rates. We guarantee The amount applied would be equal to the dollar amount of Fixed Annuity payments.greater of;

Annuity Payments. GENERAL Benefits payable under this General The entire Contract Value or the entire amount of the Beneficiary’s portion of the Death Benefit may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send you information about Annuity Options before the Maturity Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make You may select a total Withdrawal of the Surrender Value, Fixed or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications Page. You can change the Annuity Option at any time before Annuity Payments beginVariable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If We may pay the Contract Value or Death Benefit, on the Annuity Commencement Date in one lump sum if the corresponding monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date . ICC11-VENTURE-EJA .11 Variable Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed the first Variable Annuity payment Payment by applying the portion of the Contract Value as of used to effect a date not more than 10 business days prior to the date Variable Annuity Payments begin (minus any applicable of the following, as applicable: Annual Contract Fee, Rider Fees, and premium taxes) to the Annuity Option elected based on the mortality table and assumed interest rate shown in the Specifications Pages. We will provide a table of the annuity factors upon Written Request. If the current rates in use by us on the Specifications PageAnnuity Commencement Date are more favorable to you, we will use the current rates. The Fixed portion of the Contract Value used to effect a Variable Annuity payment will be measured as of a date not more than 10 business days prior to the Annuity Commencement Date. The initial Variable Annuity Payment will not be less than that available by applying the Contract Value to purchase a single premium immediate annuity then offered to the same class of annuitants by us or a company affiliated with us us. Subsequent payments will be based on the investment performance of one or more Subaccounts as you select. The amount of such payments is determined by the number of Annuity Units credited for each Subaccount. Such number is determined by dividing the portion of the first payment allocated to that Subaccount by the Annuity Unit value for that Subaccount determined as of the same class of annuitantsdate that the Contract Value used to effect Annuity Payments was determined. We then multiply this number of Annuity Units for each Subaccount by the appropriate Annuity Unit value for each subsequent determination date, which is a uniformly applied date not more than 10 business days before the payment is due. Mortality And Expense Guarantee We guarantee that the dollar amount of Fixed each Variable Annuity paymentspayment will not be affected by changes in mortality and expense experience.

Annuity Payments. GENERAL Benefits payable under this The entire Contract Value or the entire amount of the Beneficiary's portion of the Death Benefit may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send The "Life 10-Year Certain" Annuity Option described under Part 11, Option 1 is the default Annuity Option unless you information about Annuity Options before request another option on or prior to the Maturity Date. If Date or unless otherwise required by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal of the Surrender Value, or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications PageInternal Revenue Code. You can change the Annuity Option at any time before Annuity Payments beginmay select a Fixed or Variable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If We may pay the Contract Value or Death Benefit, on the Annuity Commencement Date in one lump sum if the corresponding monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, if earlier. FIXED VARIABLE ANNUITY PAYMENTS We will determine the amount of each Fixed the first Variable Annuity payment Payment by applying the portion of the Contract Value as of used to effect a date not more than 10 business days prior to the date Variable Annuity Payments begin (minus any applicable premium taxes) to the Annuity Option elected based on the mortality table and assumed interest rate shown in the Specifications Pages. We will provide a table of the annuity factors upon Written Request. If the current rates in use by us on the Specifications PageAnnuity Commencement Date are more favorable to you, we will use the current rates. The Fixed portion of the Contract Value used to effect a Variable Annuity will be measured as of a date not more than 10 business days prior to the Annuity Commencement Date. VENTURE-B.11-NY 13 SAMPLE Subsequent payments will be based on the investment performance of one or more Subaccounts as you select. The amount of such payments is determined by the number of Annuity Units credited for each Subaccount. Such number is determined by dividing the portion of the first payment allocated to that Subaccount by the Annuity Unit value for that Subaccount determined as of the same date that the Contract Value used to effect Annuity Payments was determined. We then multiply this number of Annuity Units for each Subaccount by the appropriate Annuity Unit value for each subsequent determination date, which is a uniformly applied date not more than 10 business days before the payment is due. Variable Annuity payments, at the time of their commencement, will not be less than those that available would be provided by applying the Contract Value application of the amount described below to purchase a single premium immediate annuity then offered to the same class of annuitants by us or a company affiliated with us us. Since no such annuity currently exists, we will apply rates that are reasonable in relation to the same class of annuitantsmarket single premium immediate annuity rates. We guarantee The amount applied would be equal to the dollar amount of Fixed Annuity payments.greater of;

Annuity Payments. GENERAL Benefits payable under If the Annuitant is living and this Contract may be applied contract is in accordance with one or more of force on the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send you information about Annuity Options before the Maturity Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal of the Surrender Value, or ask us to change the Maturity Commencement Date, we will automatically pay you Annuity Payments begin to make annuity payments under one of the payout options below or any other payout option we make available. You may elect for payments to be made monthly, quarterly, semi-annually or annually or in any other frequency that we make available. If no election is made as of the Annuity Option shown Commencement Date, payments based on amounts in the Specifications PageVariable Investment Options will be made monthly under Variable Annuity Payout Option V-2 with a guaranteed period of 10 years, and payments based on amounts in any Fixed-Rate Option that may be attached to this contract will be made monthly under Fixed Annuity Payout Option F-2 with a guaranteed period of 10 years. Payment of any annuity benefit or death benefit may be made under either a fixed or variable annuity payout option or a combination of both. If annuity payout option F-3 or V-3 is chosen, you must select a joint annuitant prior to the Annuity Commencement Date. All annuity payments are based on: • the age and sex (if a Non-Qualified Contract) of the Annuitant at the birthday nearest the Annuity Commencement Date; • the annuity payout option elected; and • the frequency in which you elect to receive payments. Payee Unless you request otherwise, the payee of any annuity payments will be the first among the following who is living at the time the payment is to be made: • any surviving Owner or joint Owner; if none then • any surviving Primary Beneficiary; if none then • any surviving Contingent Beneficiary. If no payees are living and a guaranteed period has not ended, the present value of any remaining payments will be paid to the estate of the last remaining payee. Annuity Payout Options You can may elect to receive fixed or variable annuity payments from one of the following options or any other option we make available. Unless stated otherwise, once annuity payments begin you may not change the Annuitant, payout option, guaranteed period or, in the case of options F-3 or V-3, the survivor percentage. Life Annuity Option at any time before Annuity Payments beginwithout Guaranteed Period (Options V-1 and F-1) We will make fixed or variable annuity payments or a combination of both during the lifetime of the Annuitant. We do not guarantee a minimum number of annuity payments under this option. Payments stop once the Annuitant dies. Life Annuity with Guaranteed Period (Options V-2 and F-2) We will provide Fixed Annuity paymentsmake fixed or variable annuity payments or a combination of both during the lifetime of the Annuitant. Payments are guaranteed for any number of full years between 1 and 30. The method used length of the guaranteed period must be elected prior to calculate receiving any annuity payments, and cannot exceed the life expectancy of the Annuitant. If the Annuitant dies before the end of the guaranteed period, we will pay the balance of the payments for the remainder of that period, unless you elect to be paid the present value of the current dollar amount of the Fixed then remaining annuity payments in a lump sum. Joint and Survivor Annuity (Options V-3 and F-3) We will make fixed or variable annuity payments is described belowor a combination of both while the Annuitant and joint Annuitant are living and during the survivor’s remaining lifetime. Based on your selection, payments may have no guaranteed period or may have a guaranteed period for any number of full years between 1 and 30. If you select a guaranteed period, the monthly length of the guaranteed period must be elected prior to receiving any annuity payments, and cannot exceed the joint life expectancy of the Annuitants. When an Annuitant dies, payments based on a percentage of the payment (or the number of Annuity Payment is less than $20Units for variable annuity payments) in effect while both were living will continue for the lifetime of the survivor. The percentage may be any percentage between 5% and 100%. The percentage must be elected prior to receiving the first annuity payment. If both Annuitants die before the end of any guaranteed period, we may will pay the greater balance of the Contract Value or payments for the commuted remainder of that period, unless you elect to be paid the present value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed Annuity payment by applying the Contract Value as of a date not more than 10 business days prior to the date Annuity Payments begin (minus any applicable premium taxes) to the Annuity Option elected based on the mortality table and interest rate shown on the Specifications Page. The Fixed Annuity payment will not be less than that available by applying the Contract Value to purchase a single premium immediate annuity then offered by us or a company affiliated with us to the same class of annuitants. We guarantee the current dollar amount of Fixed Annuity paymentsthe then remaining annuity payments in a lump sum.

Annuity Payments. GENERAL Benefits payable under this Contract may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. The "Life Annuity with Cash Refund" option described in Part 10 is the default Annuity Option unless you request another option prior to the date Annuity Payments begin or unless otherwise required by the Internal Revenue Code. If you are receiving distributions that comply with the minimum distribution requirements of the Internal Revenue Code, you do not need to annuitize the Contract Value. We will send you information about Annuity Options before the Maturity Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal of the Surrender Value, or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications Page. You can change the Annuity Option at any time before Annuity Payments begin. We will provide Fixed Annuity payments. The method used to calculate the amount of the Fixed Annuity payments is described below. If the monthly Annuity Payment is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed Annuity payment by applying the Contract Value as of a date not more than 10 business days prior to the date Annuity Payments begin (minus any applicable premium taxes) to the Annuity Option elected based on the mortality table and interest rate shown on the Specifications Page. The Fixed Annuity payment payments, at the time of their commencement will not be less than those that available would be provided by applying the application of the Contract Value to purchase a any single premium consideration immediate annuity then contract offered by us or a company affiliated with us the Company at the time, to the same class of annuitants. Since no such annuity contract currently exists, a comparable contract in an affiliated company will be used. We guarantee the dollar amount of Fixed Annuity payments.. NY

Annuity Payments. GENERAL Benefits Any amounts payable under this Contract may be applied converted to Annuity Payments in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option and the Annuitant may not be changed. We will send you information about pay annuity benefits in the form of Annuity Options before Payment(s) on the life of the Annuitant, to the Payee, if living, on the Maturity Date. If by Annuity Payments will commence on or after the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal Date and continue for the period of the Surrender Value, or ask us to change the Maturity Date, we will automatically pay you Annuity Payments time provided for under the Annuity Option shown you elect. MATURITY DATE On the Maturity Date or other date elected to commence Annuity Payments, we will convert the Account Value adjusted by any Market Value Adjustment as described in Part 6 of this Contract and the Specifications Page. You can change the , into Annuity Option at any time before Annuity Payments begin. We will provide Fixed Annuity paymentsPayments. The method amount used to calculate determine the amount of the Fixed Annuity payments is described below. If the monthly first Annuity Payment is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed Annuity payment by applying the Contract Value be measured as of a date not more than 10 business days prior to the Maturity Date or other date elected to commence Annuity Payments begin (minus Payments. Only an Account Value of $5,000 or more may be applied to one of the Annuity Payment options offered. If the amount of the first Annuity Payment would be less than our minimum requirements then in effect, we may make a single payment, adjusted by any applicable premium taxesMarket Value Adjustment as described in Part 6 of this Contract, on the date the first payment is payable. This single payment is in place of all other benefits provided by this Contract. CALCULATION USED TO DETERMINE ANNUITY PAYMENT(S) The amount of each Annuity Payment is determined by applying the amounts which will be converted to Annuity Payment(s) to the appropriate table(s) identified by this Contract. We guarantee the dollar amount of each Annuity Option elected based on the mortality table and interest rate shown on the Specifications PagePayment. The Fixed Annuity payment Payments will not never be less than that available by applying the Contract Account Value adjusted by any Market Value Adjustment as described in Part 6 of this Contract, to purchase buy a single premium immediate annuity then offered by us us, or by one of our affiliated companies if we do not offer a company affiliated with us to the same class of annuitantssingle premium immediate annuity. We guarantee the dollar amount of Fixed Annuity payments.DESCRIPTION OF ANNUITY OPTIONS The following annuity payment options are available under this contract for a single life:

Annuity Payments. GENERAL Benefits payable under this General The entire Contract Value or the entire amount of the Beneficiary’s portion of the Death Benefit may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send you information about Annuity Options before the Maturity Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make You may select a total Withdrawal of the Surrender Value, Fixed or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications Page. You can change the Annuity Option at any time before Annuity Payments beginVariable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If We may pay the Contract Value or Death Benefit, on the Annuity Commencement Date in one lump sum if the corresponding monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date . VENTURE-EJO.11-NY Variable Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed the first Variable Annuity payment Payment by applying the portion of the Contract Value as of used to effect a date not more than 10 business days prior to the date Variable Annuity Payments begin (minus any applicable of the following, as applicable: Annual Contract Fee, Payment Based Charge, Rider Fees, and premium taxes) to the Annuity Option elected based on the mortality table and assumed interest rate shown in the Specifications Pages. We will provide a table of the annuity factors upon Written Request. If the current rates in use by us on the Specifications PageAnnuity Commencement Date are more favorable to you, we will use the current rates. The Fixed portion of the Contract Value used to effect a Variable Annuity payment will be measured as of a date not more than 10 business days prior to the Annuity Commencement Date. The initial Variable Annuity Payment will not be less than that available by applying the Contract Value amount described below to purchase a single premium immediate annuity then offered to the same class of annuitants by us or a company affiliated with us us. Since no such annuity currently exists, we will apply rates that are reasonable in relation to the same class of annuitantsmarket single premium immediate annuity rates. We guarantee The amount applied would be equal to the dollar amount of Fixed Annuity payments.greater of

Annuity Payments. GENERAL Benefits payable under this Contract Certificate may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). If guaranteed payments are to be made, the period over which the guaranteed payments are made may not exceed the period permitted under Section 1.401(a)(9)-6 of the Income Tax Regulations. Once Annuity Payments commence, the Annuity Option may not be changed. The "Life 5-Year Certain" Annuity Option described under Part 13, Option 1 is the default Annuity Option unless you request another option prior to the Annuity Commencement Date or unless otherwise required by the Internal Revenue Code. If you are receiving distributions that comply with the minimum distribution requirements of the Internal Revenue Code, you do not need to annuitize the Certificate Value. We will send you information about Annuity Options before the Maturity Annuity Commencement Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal of the Surrender Value, or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications PagePage and the Annuity Commencement Date is considered to be the Maturity Date. You can change the Annuity Option at any time before Annuity Payments begincommence. You may select a Fixed or Variable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If the monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Certificate Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, Commencement Date if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed Annuity payment by applying the Contract Value as of a date not more than 10 business days prior to the date Annuity Payments begin (minus any applicable premium taxes) to the Annuity Option elected based on the mortality table and interest rate shown on the Specifications Page. The Fixed Annuity payment will not be less than that available by applying the Contract Value to purchase a single premium immediate annuity then offered by us or a company affiliated with us to the same class of annuitants. We guarantee the dollar amount of Fixed Annuity payments.

Annuity Payments. GENERAL Benefits payable under this Contract may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send you information about Annuity Options before the Maturity Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal of the Surrender Value, or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications Page. You can change the Annuity Option at any time before Annuity Payments begin. We will provide Fixed Annuity payments. The method used to calculate the amount of the Fixed Annuity payments is described below. If the monthly Annuity Payment is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed Annuity payment by applying the Contract Value as of a date not more than 10 business days prior to the date Annuity Payments begin (minus any applicable premium taxes) to the Annuity Option elected based on the mortality table and interest rate shown on the Specifications Page. The Fixed Annuity payment will not be less than that available by applying the Contract Value to purchase a single premium immediate annuity then offered to the same class of annuitants by us or a company affiliated with us to the same class of annuitantsus. We guarantee the dollar amount of Fixed Annuity payments.

Annuity Payments. GENERAL Benefits payable under this The entire Contract Value or the entire amount of the Beneficiary's portion of the Death Benefit may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send The "Life 10-Year Certain" Annuity Option described under Part 11, Option 1 is the default Annuity Option unless you information about Annuity Options before request another option on or prior to the Maturity Date. If Date or unless otherwise required by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal of the Surrender Value, or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications PageInternal Revenue Code. You can change the Annuity Option at any time before Annuity Payments beginmay select a Fixed or Variable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If We may pay the Contract Value or Death Benefit, on the Annuity Commencement Date in one lump sum if the corresponding monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, if earlier. FIXED VARIABLE ANNUITY PAYMENTS We will determine the amount of each Fixed the first Variable Annuity payment Payment by applying the portion of the Contract Value as of used to effect a date not more than 10 business days prior to the date Variable Annuity Payments begin (minus any applicable premium taxes) to the Annuity Option elected based on the mortality table and assumed interest rate shown in the Specifications Pages. We will provide a table of the annuity factors upon Written Request. If the current rates in use by us on the Specifications PageAnnuity Commencement Date are more favorable to you, we will use the current rates. The Fixed portion of the Contract Value used to effect a Variable Annuity will be measured as of a date not more than 10 business days prior to the Annuity Commencement Date. VENTURE-L.11-NY 13 SAMPLE Subsequent payments will be based on the investment performance of one or more Subaccounts as you select. The amount of such payments is determined by the number of Annuity Units credited for each Subaccount. Such number is determined by dividing the portion of the first payment allocated to that Subaccount by the Annuity Unit value for that Subaccount determined as of the same date that the Contract Value used to effect Annuity Payments was determined. We then multiply this number of Annuity Units for each Subaccount by the appropriate Annuity Unit value for each subsequent determination date, which is a uniformly applied date not more than 10 business days before the payment is due. Variable Annuity payments, at the time of their commencement, will not be less than those that available would be provided by applying the Contract Value application of the amount described below to purchase a single premium immediate annuity then offered to the same class of annuitants by us or a company affiliated with us us. Since no such annuity currently exists, we will apply rates that are reasonable in relation to the same class of annuitantsmarket single premium immediate annuity rates. We guarantee The amount applied would be equal to the dollar amount of Fixed Annuity payments.greater of;

Annuity Payments. GENERAL Benefits payable under this Contract may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. The "Life 10-year certain" Annuity Option described under Part 12, Option 1(b) is the default Annuity Option unless you request another option prior to the Annuity Commencement Date or unless otherwise required by the Internal Revenue Code. If you are receiving distributions that comply with the minimum distribution requirements of the Internal Revenue Code, you do not need to annuitize the Contract Value. We will send you information about Annuity Options before the Maturity Annuity Commencement Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal of the Surrender Value, or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications PagePage and the Annuity Commencement Date is considered to be the Maturity Date. You can change the Annuity Option at any time before Annuity Payments begincommence. You may select a Fixed or Variable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If We may pay the Contract Value, less Debt, on the Annuity Commencement Date in one lump sum if the monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, if earlier. FIXED VARIABLE ANNUITY PAYMENTS We will determine the amount of each Fixed the first Variable Annuity payment Payment by applying the portion of the Contract Value as of used to effect a date not more than 10 business days prior to the date Variable Annuity Payments begin (minus any applicable premium taxes) to the Annuity Option elected based on the mortality table and assumed interest rate shown on in the Specifications Page. We will provide a table of the annuity factors upon request. If the current rates in use by us on the Annuity Commencement Date are more favorable to you, we will use the current rates. The Fixed portion of the Contract Value used to effect a Variable Annuity will be measured as of a date not more than 10 business days prior to the Annuity Commencement Date. Subsequent payments will be based on the investment performance of one or more Sub-Accounts as you select. The amount of such payments is determined by the number of Annuity Units credited for each Sub-Account. Such number is determined by dividing the portion of the first payment allocated to that Sub-Account by the Annuity Unit value for that Sub-Account determined as of the same date that the Contract Value used to effect Annuity Payments was determined. We then multiply this number of Annuity Units for each Sub-Account by the appropriate Annuity Unit value for each subsequent determination date, which is a uniformly applied date not more than 10 business days before the payment is due. Variable Annuity payments, at the time of their commencement will not be less than those that available would be provided by applying the Contract Value application of an amount to purchase a any single premium consideration immediate annuity then contract offered by us or a company affiliated with us at the time, to the same class of annuitants. We guarantee Since no such annuity contract current exists, a comparable contract in an affiliated company will be used. Such an amount would be equal to the dollar amount of Fixed Annuity payments.greater of:

Annuity Payments. GENERAL Benefits payable under this Contract Certificate may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). If guaranteed payments are to be made, the period over which the guaranteed payments are made may not exceed the period permitted under Section 1.401(a)(9)-6 of the Income Tax Regulations. Once Annuity Payments commence, the Annuity Option may not be changed. The "Life 5-Year Certain" Annuity Option described under Part 13, Option 1 is the default Annuity Option unless you request another option prior to the Annuity Commencement Date or unless otherwise required by the Internal Revenue Code. If you are receiving distributions that comply with the minimum distribution requirements of the Internal Revenue Code, you do not need to annuitize the Certificate Value. We will send you information about Annuity Options before the Maturity Annuity Commencement Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make a total Withdrawal withdrawal of the Surrender Value, or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in on the Specifications PagePage and the Annuity Commencement Date is considered to be the Maturity Date. You can change the Annuity Option at any time before Annuity Payments begincommence. You may select a Fixed or Variable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If the monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Certificate Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, Commencement Date if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed Annuity payment by applying the Contract Value as of a date not more than 10 business days prior to the date Annuity Payments begin (minus any applicable premium taxes) to the Annuity Option elected based on the mortality table and interest rate shown on the Specifications Page. The Fixed Annuity payment will not be less than that available by applying the Contract Value to purchase a single premium immediate annuity then offered by us or a company affiliated with us to the same class of annuitants. We guarantee the dollar amount of Fixed Annuity payments.

Annuity Payments. GENERAL Benefits payable under this General The entire Contract Value or the entire amount of the Beneficiary’s portion of the Death Benefit may be applied in accordance with one or more of the Annuity Options described below, subject to any restrictions of Internal Revenue Code sections section 72(s) (or section 401(a)(9) and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may not be changed. We will send you information about Annuity Options before the Maturity Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, make You may select a total Withdrawal of the Surrender Value, Fixed or ask us to change the Maturity Date, we will automatically pay you Annuity Payments under the Annuity Option shown in the Specifications Page. You can change the Annuity Option at any time before Annuity Payments beginVariable Annuity. We will provide Fixed variable Annuity paymentsPayments unless otherwise elected. Once Annuity Payments commence, the Annuity Option may not be changed. The method used to calculate the amount of the Fixed initial and subsequent Annuity payments Payments is described below. If We may pay the Contract Value or Death Benefit, on the Annuity Commencement Date in one lump sum if the corresponding monthly Annuity Payment income is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date . VENTURE-EJA.11-NY Variable Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed the first Variable Annuity payment Payment by applying the portion of the Contract Value as of used to effect a date not more than 10 business days prior to the date Variable Annuity Payments begin (minus any applicable of the following, as applicable: Annual Contract Fee, Rider Fees, and premium taxes) to the Annuity Option elected based on the mortality table and assumed interest rate shown in the Specifications Pages. We will provide a table of the annuity factors upon Written Request. If the current rates in use by us on the Specifications PageAnnuity Commencement Date are more favorable to you, we will use the current rates. The Fixed portion of the Contract Value used to effect a Variable Annuity payment will be measured as of a date not more than 10 business days prior to the Annuity Commencement Date. The initial Variable Annuity Payment will not be less than that available by applying the Contract Value to purchase a single premium immediate annuity then offered to the same class of annuitants by us or a company affiliated with us us. Since no such annuity current exists, we will apply rates that are reasonable in relation to the market single premium immediate annuity rates. Subsequent payments will be based on the investment performance of one or more Subaccounts as you select. The amount of such payments is determined by the number of Annuity Units credited for each Subaccount. Such number is determined by dividing the portion of the first payment allocated to that Subaccount by the Annuity Unit value for that Subaccount determined as of the same class of annuitantsdate that the Contract Value used to effect Annuity Payments was determined. We then multiply this number of Annuity Units for each Subaccount by the appropriate Annuity Unit value for each subsequent determination date, which is a uniformly applied date not more than 10 business days before the payment is due. Mortality And Expense Guarantee We guarantee that the dollar amount of Fixed each Variable Annuity payments.payment will not be affected by changes in mortality and expense experience. Annuity Unit Value The value of an Annuity Unit for each Subaccount for any Business Day is determined as follows:

Annuity Payments. GENERAL Benefits payable On the annuity date this contract becomes a fixed annuity. The proceeds from the Separate Account will be transferred to our General Account and added to the proceeds from the Fixed Account. The total proceeds will be an amount equal to the contract value on the valuation day immediately preceding the annuity date less any premium tax and any withdrawal charge, if applicable (see CONTINGENT DEFERRED SALES CHARGE section). This amount is used to pay the annuitant, starting on the annuity date, a monthly lifetime income. Unless you choose otherwise, we apply the proceeds: . Under payment plan D with guaranteed payments for 10 years if there is a single annuitant. . Under payment plan F if there are joint annuitants. . You can choose to apply the total proceeds under this Contract may be applied in accordance with one or more any of the Annuity Options payment plans described belowin the PAYMENT PLANS section. We must receive your request to do so before the annuity date. If there are joint annuitants, subject to any restrictions of Internal Revenue Code sections 72(s) (or section 401(a)(9) plans D and 408(b)(3) if this Contract is issued in a Qualified Plan). Once Annuity Payments commence, the Annuity Option may E cannot be changedchosen. We will send you information about Annuity Options before the Maturity Date. If by the Maturity Date, you are not receiving LIA payments, do not choose an Annuity Option, RIGHT TO PURCHASE SINGLE PREMIUM LIFE ANNUITY AT REDUCED RATES You may make a total Withdrawal of the Surrender Value, or ask written request to us to change surrender your contract and use the Maturity Date, we full withdrawal proceeds to purchase any single premium immediate life annuity then offered by us. The premium rate for the annuity will automatically pay you Annuity Payments under the Annuity Option shown be 3% less than our published rate if your contract was in the Specifications Pageforce for at least five years. CHANGING THE ANNUITY DATE You can change the Annuity Option at any time before Annuity Payments beginannuity date by notifying us in writing. We will provide Fixed Annuity payments. The method used to calculate the amount of the Fixed Annuity payments is described below. If the monthly Annuity Payment is less than $20, we may pay the greater of the Contract Value or the commuted value of the Lifetime Income Benefit in one lump sum on the Maturity Date, or the date Annuity Payments would begin, if earlier. FIXED ANNUITY PAYMENTS We will determine the amount of each Fixed Annuity payment by applying the Contract Value as of a date not more than 10 business must receive your notice at least 45 days prior to the current annuity date. The new annuity date Annuity Payments begin must be: . No later than the first day of the month following any annuitant's 85/th/ birthday (minus if there are joint annuitants, annuitant means the younger annuitant); and . after the date we receive your notice. REQUIRED PROOF OF AGE We can require proof of the annuitant's age before we make any applicable premium taxes) to annuity payment. If the Annuity Option elected based annuitant's age is misstated, or in the case of joint annuitants, if the age of either joint annuitant is misstated, we will adjust the annuity payments. The benefits payable will be what the total proceeds would buy at the correct age. REQUIRED PROOF THAT THE ANNUITANT IS STILL ALIVE If payments depend on the mortality table and interest rate shown on the Specifications Pageannuitant being alive, we can require satisfactory proof that he or she is alive before we make further payments. The Fixed Annuity payment will not be less than that available by applying the Contract Value to purchase a single premium immediate annuity then offered by us or a company affiliated with us to the same class of annuitants. We guarantee the dollar amount of Fixed Annuity payments.BENEFICIARY, DEATH OF OWNER AND PROCEEDS