Common use of BENEFICIARY CONTINUATION OPTION Clause in Contracts

BENEFICIARY CONTINUATION OPTION. This Section applies only if: you die before the Maturity Date and before a supplementary contract has been issued, and the Beneficiary named under the “Beneficiary” Section of this Contract is an individual, with the exception of the following paragraph. Any non-individual Beneficiary’s portion of the Death Benefit described in the “Payment Upon Death” Section of this Contract is payable to the Beneficiary. This Section applies to a non-individual Beneficiary only if it is a “see-through trust”. A “see-through trust” is an irrevocable trust, valid under state law, the only beneficiaries of which are individuals, and which trust has met applicable documentation requirements under applicable Regulations as we may determine. If such a “see-through trust” described in Treasury Regulation Section 1.401(a)(9)-4 Q&A A-5, or any successor Regulation, is the Beneficiary named in the “Beneficiary” Section of this Contract, the individual used as the measuring life for calculating payments is the oldest beneficiary of such trust. If this Section applies and there is more than one Beneficiary, the Annuity Account Value on the Transaction Date we receive all Beneficiary Requirements will be apportioned among your Beneficiaries as you designate pursuant to the “Beneficiary” Section of this Contract. If the Beneficiary qualifies to continue this Contract, and we receive that Beneficiary’s completed election no later than September 30 of the calendar year following the calendar year of your death and before any contrary election is made, that Beneficiary may continue your Contract pursuant to this Section under the terms set forth in (a) through (h) below. Each such Beneficiary electing to continue his or her portion of the interest in this Contract is a “Continuation Beneficiary.” For any Beneficiary who does not timely elect to continue his or her portion of the interest in this Contract, we will pay in a single sum that Beneficiary’s share of the Death Benefit pursuant to the “Payment Upon Death” Section of this Contract. The terms of the Beneficiary Continuation Option are as follows:

BENEFICIARY CONTINUATION OPTION. This Section applies section will apply only if: you die if the Participant dies before the Maturity Date and before a supplementary contract has been issuedAnnuity Commencement Date, and the Beneficiary named under the “"Beneficiary” Section " section of this Contract is an individual, with . With the exception of the following paragraph. Any , this section does not apply to any Beneficiary that is not an individual and the non-individual Beneficiary’s 's portion of the Death Benefit described in the “Payment Upon Death” Section of this Contract death benefit is payable to the such non-individual Beneficiary. This Section applies to a non-individual Beneficiary only if it is a “see-"see through trust”". A “see-see through trust” trust is an irrevocable trust, valid under state law, the only beneficiaries of which are individuals, and which trust has met applicable documentation requirements under applicable Regulations as we may determine. If such a “"see-through trust” " described in Treasury Regulation Section 1.401(a)(9)-4 Q&A A-51.40(a)(9)-4 Q&A, or any successor Regulation, is the Beneficiary named in pursuant to the “"Beneficiary” Section " section of this the Contract, the individual used as the measuring life for calculating payments successor Participant is the oldest beneficiary Beneficiary of such trust. 2004EDCGAC 18 If this Section applies and there is more than one Beneficiary, the Annuity Account Value on Participant's entire interest in the Transaction Date we receive all Beneficiary Requirements Participant's account under this Contract will be apportioned among your the Participant's Beneficiaries as you designate the Participant designates pursuant to the “"Beneficiary” Section " section of this Contract. If the Beneficiary qualifies to continue the Participant's account under this Contract, and we receive that Beneficiary’s 's completed election no later than September 30 of the calendar year following the calendar year of your the Participant's death and before any contrary election is made, that Beneficiary may continue your the Participant's account under this Contract pursuant to this Section under the terms set forth in (a) through (hi) below. Each such Beneficiary electing to continue his or her portion of the interest in under the Participant's account under this Contract is a “" Continuation Beneficiary.” ". For any Beneficiary who does not timely elect to continue his or her portion of the interest in under the Participant's account under this Contract, we will pay in a single sum that Beneficiary’s 's share of the Death Benefit death benefit pursuant to the “Payment Upon Death” Section "Death Benefit" section of this Contract, in a lump sum. The terms of the Beneficiary Continuation Option are as follows:

BENEFICIARY CONTINUATION OPTION. This Section applies section will apply only if: you die if the Participant dies before the Maturity Date and before a supplementary contract has been issuedAnnuity Commencement Date, and the Beneficiary named under the “"Beneficiary” Section " section of this Contract is an individual, with . With the exception of the following paragraph. Any , this section does not apply to any Beneficiary that is not an individual and the non-individual Beneficiary’s 's portion of the Death Benefit described in the “Payment Upon Death” Section of this Contract death benefit is payable to the such non-individual Beneficiary. This Section applies to a non-individual Beneficiary only if it is a “see-"see through trust”". A “see-see through trust” trust is an irrevocable trust, valid under state law, the only beneficiaries of which are individuals, and which trust has met applicable documentation requirements under applicable Regulations as we may determine. If such a “"see-through trust” " described in Treasury Regulation Section 1.401(a)(9)-4 Q&A A-51.40(a)(9)-4 Q&A, or any successor Regulation, is the Beneficiary named in pursuant to the “"Beneficiary” Section " section of this the Contract, the individual used as the measuring life for calculating payments successor Participant is the oldest beneficiary Beneficiary of such trust. If this Section applies and there is more than one Beneficiary, the Annuity Account Value on Participant's entire interest in the Transaction Date we receive all Beneficiary Requirements Participant's account under this Contract will be apportioned among your the Participant's Beneficiaries as you designate the Participant designates pursuant to the “"Beneficiary” Section " section of this Contract. If the Beneficiary qualifies to continue the Participant's account under this Contract, and we receive that Beneficiary’s 's completed election no later than September 30 of the calendar year following the calendar year of your the Participant's death and before any contrary election is made, that Beneficiary may continue your the Participant's account under this Contract pursuant to this Section under the terms set forth in (a) through (hi) below. Each such Beneficiary electing to continue his or her portion of the interest in under the Participant's account under this Contract is a “" Continuation Beneficiary.” ". For any Beneficiary who does not timely elect to continue his or her portion of the interest in under the Participant's account under this Contract, we will pay in a single sum that Beneficiary’s 's share of the Death Benefit death benefit pursuant to the “Payment Upon Death” Section "Death Benefit" section of this Contract, in a lump sum. The terms of the Beneficiary Continuation Option are as follows: