Common use of ANNUITY PROVISIONS Clause in Contracts

ANNUITY PROVISIONS. ANNUITY DATE - You elect the Annuity Date. The Annuity Date and requirements regarding the Annuity Date are shown on the Data Page. Prior to the Annuity Date, You may, subject to the above, change the Annuity Date upon 30 days prior written notice to the Service Office. ELECTION OF ANNUITY OPTION - You elect the Annuity Option. If no Annuity Option is elected, Option 2, Life Annuity with a Guaranteed Period of 10 years, will automatically be applied. Prior to the Annuity Date, You may, upon 30 days prior written notice to the Service Office, change the Annuity Option. You may specify the proportion of the Annuity Value which is to be applied to provide a Variable Annuity, a Fixed Annuity or a combination of both. If You do not specify, the Annuity Value will be applied to provide a Variable Annuity and/or a Fixed Annuity based on the proportion of the Annuity Value represented by the Subaccount Value(s) and/or the General Account Value on the Annuity Date. FREQUENCY AND AMOUNT OF ANNUITY PAYMENTS - Annuity Payments will be paid as monthly installments or at any frequency acceptable to Cova. On the Annuity Date, the Annuity Value is applied to the Annuity Table for the Annuity Option elected. If the minimum amount of the Annuity Value required to be applied under an Annuity Option is less than the minimum amount shown on the Data Page, Cova reserves the right to make one lump sum payment in lieu of Annuity Payments. Cova reserves the right to reduce the frequency of Annuity Payments to an interval which will result in each Annuity Payment exceeding the minimum amount shown on the Data Page. BASIS OF PAYMENTS - The Annuity Tables are based on the Annuity 2000 mortality table with interest at the Minimum Guaranteed Interest Rate For The Fixed Annuity Option and interest at the Assumed Investment Rate For The Variable Annuity Option shown on the Data Page. The Adjusted Attained Age of the Annuitant on the Annuity Date is used to determine the Annuity Payments. ANNUITY OPTIONS - The following Annuity Options or any other Annuity Option acceptable to Cova may be elected.

ANNUITY PROVISIONS. ANNUITY DATE - You elect the Annuity Date. The Annuity Date and requirements regarding the Annuity Date are shown on the Data Page. Prior to the Annuity Date, You may, subject to the above, change the Annuity Date upon 30 days prior written notice to the Service Office. ELECTION OF ANNUITY OPTION - You elect the Annuity Option. If no Annuity Option is elected, Option 2, Life Annuity with a Guaranteed Period of 10 years, will automatically be applied. Prior to the Annuity Date, You may, upon 30 days prior written notice to the Service Office, change the Annuity Option. You may specify the proportion of the Annuity Value Value, which is to be applied to provide a Variable Annuity, a Fixed Annuity or a combination of both. If You do not specify, the Annuity Value will be applied to provide a Variable Annuity and/or a Fixed Annuity based on the proportion of the Annuity Value represented by the Subaccount Value(s) and/or the General Account Value on the Annuity Date. FREQUENCY AND AMOUNT OF ANNUITY PAYMENTS - Annuity Payments will be paid as monthly installments or at any frequency acceptable to Cova. On the Annuity Date, the Annuity Value is applied to the Annuity Table for the Annuity Option elected. If the minimum amount of the Annuity Value required to be applied under an Annuity Option is less than the minimum amount shown on the Data Page, Cova reserves the right to make one lump sum payment in lieu of Annuity Payments. Cova reserves the right to reduce the frequency of Annuity Payments to an interval which will result in each Annuity Payment exceeding the minimum amount shown on the Data Page. BASIS OF PAYMENTS - The Annuity Tables are based on the Annuity 2000 mortality table with interest at the Minimum Guaranteed Interest Rate For The Fixed Annuity Option and interest at the Assumed Investment Rate For The Variable Annuity Option shown on the Data Page. The Adjusted Attained Age of the Annuitant on the Annuity Date is used to determine the Annuity Payments. ANNUITY OPTIONS - The following Annuity Options or any other Annuity Option acceptable to Cova may be elected. Option 1 - Life Annuity - Cova will make periodic Annuity Payments during the life of the Annuitant.

ANNUITY PROVISIONS. ANNUITY DATE - You elect the Annuity Date. The Annuity Date and requirements regarding the Annuity Date are shown on the Data Page. Prior to the Annuity Date, You may, subject to the above, change the Annuity Date upon 30 days prior written notice to the Service Office. ELECTION OF ANNUITY OPTION - You elect the Annuity Option. If no Annuity Option is elected, Option 2, Life Annuity with a Guaranteed Period of 10 years, will automatically be applied. Prior to the Annuity Date, You may, upon 30 days prior written notice to the Service Office, change the Annuity Option. You may specify the proportion of the Annuity Value Value, which is to be applied to provide a Variable Annuity, a Fixed Annuity or a combination of both. If You do not specify, the Annuity Value will be applied to provide a Variable Annuity and/or a Fixed Annuity based on the proportion of the Annuity Value represented by the Subaccount Value(s) and/or the General Account Value on the Annuity Date. FREQUENCY AND AMOUNT OF ANNUITY PAYMENTS - Annuity Payments will be paid as monthly installments or at any frequency acceptable to Cova. On the Annuity Date, the Annuity Value is applied to the Annuity Table for the Annuity Option elected. If the minimum amount of the Annuity Value required to be applied under an Annuity Option is less than the minimum amount shown on the Data Page, Cova reserves the right to make one lump sum payment in lieu of Annuity Payments. Cova reserves the right to reduce the frequency of Annuity Payments to an interval which will result in each Annuity Payment exceeding the minimum amount shown on the Data Page. BASIS OF PAYMENTS - The Annuity Tables are based on the Annuity 2000 mortality table with interest at the Minimum Guaranteed Interest Rate For The Fixed Annuity Option and interest at the Assumed Investment Rate For The Variable Annuity Option shown on the Data Page. The Adjusted Attained Age of the Annuitant on the Annuity Date is used to determine the Annuity Payments. ANNUITY OPTIONS - The following Annuity Options or any other Annuity Option acceptable to Cova may be elected.

ANNUITY PROVISIONS. ANNUITY DATE - You elect the Annuity Date. The Annuity Date and requirements regarding the Annuity Date are shown on the Data Page. Prior to When your Contract is issued the Annuity Date, You mayas defined under Annuity Requirements in the Contract Schedule, subject is equal to the above, Maturity Date as shown on the Contract Schedule. You may change the Annuity Date upon to an earlier date by sending Notice to us. We must receive the Notice at least 30 days prior written notice to before the Service OfficeAnnuity Date you select. ELECTION OF ANNUITY OPTION - You elect the The Annuity OptionOption is elected by you. If no Annuity Option is elected, Option 2, 3 - Life Annuity with a Guaranteed Period of 10 years, Cash Refund will automatically be applied. Prior Upon thirty (30) days Notice prior to the Annuity Date, You may, upon 30 days prior written notice to the Service Office, Date you may change the Annuity Option. ANNUITY OPTIONS You may specify the proportion of the Annuity Value which is elect to be applied to provide a Variable Annuity, a Fixed Annuity or a combination of both. If You do not specify, the Annuity Value will be applied to provide a Variable Annuity and/or a Fixed Annuity based on the proportion of the Annuity Value represented by the Subaccount Value(s) and/or the General Account Value on the Annuity Date. FREQUENCY AND AMOUNT OF ANNUITY PAYMENTS - receive Annuity Payments will be paid as monthly installments monthly, quarterly, semi-annually or at any frequency acceptable to Covaannually. On the Annuity Date, the Annuity Value is applied to the Annuity Table for the Annuity Option elected. If the minimum amount of the Annuity Value required to be applied under an Annuity Option is less than the minimum amount shown on the Data Page, Cova reserves the right to make one lump sum payment in lieu of Annuity Payments. Cova reserves the right to reduce the frequency of Annuity Payments to an interval which will result in each Annuity Payment exceeding the minimum amount shown on the Data Page. BASIS OF PAYMENTS - The Annuity Tables are based on the Annuity 2000 mortality table with interest at the Minimum Guaranteed Interest Rate For The Fixed Annuity Option and interest at the Assumed Investment Rate For The Variable Annuity Option shown on the Data Page. The Adjusted Attained Age of the Annuitant on the Annuity Date is used to determine the Annuity Payments. ANNUITY OPTIONS - The following Annuity Options Options, or any other Annuity Option acceptable to Cova you and us, may be elected: OPTION 1 - LIFE ANNUITY We will make Annuity Payments, payable at the frequency elected, during the lifetime of the Annuitant and terminating with the last payment due prior to the Annuitant's death. OPTION 2 - LIFE ANNUITY WITH 10 YEARS OF ANNUITY PAYMENTS GUARANTEED We will make Annuity Payments, payable at the frequency elected, during the lifetime of the Annuitant with a guarantee that if at the Annuitant's death there have been less than 10 years of Annuity Payments made as selected, Annuity Payments will continue for the remainder of the Guaranteed Period. OPTION 3 - LIFE ANNUITY WITH CASH REFUND We will make Annuity Payments, payable at the frequency elected, during the lifetime of the Annuitant with a guarantee that if at the Annuitant's death the total amount of Annuity Payments is less than the Account Value applied to the Annuity Option, we will pay in a lump sum the difference of the two amounts. OPTION 4 - JOINT AND LAST SURVIVOR ANNUITY We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. Annuity Payments cease with the final Annuity Payment due prior to the last survivor's death. OPTION 5 - JOINT AND LAST SURVIVOR ANNUITY WITH 10 YEARS OF ANNUITY PAYMENTS GUARANTEED We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. If at the last death of the Annuitant and the Joint Annuitant, there have been less than 10 years of Annuity Payments made as selected, Annuity Payments will continue to be made for the remainder of the Guaranteed Period. OPTION 6 - JOINT AND LAST SURVIVOR ANNUITY WITH XXXX REFUND We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant. Upon the death of either the Annuitant or Joint Annuitant, Annuity Payments will continue to be paid during the remaining lifetime of the survivor. Upon last death of the Annuitant and the Joint Annuitant, if the total amount of Annuity Payments is less than the Account Value applied to the Annuity Option, we will pay in a lump sum the difference of the two amounts. ANNUITY You can elect to have the Annuity Option payable as Fixed Annuity Payments. Fixed Annuity Payments are guaranteed as to dollar amount. Unless another payee is designated, you will be the payee of the Annuity Payments.