Common use of CONVERSION OF INVESTMENT ACCOUNTS Clause in Contracts

CONVERSION OF INVESTMENT ACCOUNTS. On a policy anniversary some Class B Accumulation Units may convert to Class A Accumulation Units and a portion of the Class B Guaranteed Interest Fund may convert to the Class A Guaranteed Interest Fund. The amounts that will be converted are dependent on the conversion of Net Purchase Payments. On a policy anniversary, a Net Purchase Payment converts if: o the total Accumulation Value of the contract exceeds $25,000, o the Net Purchase Payment has not previously converted; and o the Net Purchase Payment is in the zero Withdrawal Charge category. If a Net Purchase Payment converts, a conversion percentage is calculated. The conversion percentage equals the greater of: o the Net Purchase Payments converting divided by all Net Purchase Payments not already converted; and o the Net Purchase Payments converting divided by the value of all Class B Accumulation Units and the Class B Guaranteed Interest Fund, but in no event more than 100%. A percentage of Class B Accumulation Units in each Division(s), equal to the conversion percentage, will convert to Class A Accumulation Units in the same Division(s). The number of Accumulation Units will be adjusted to reflect the respective value of the Accumulation Units on the date of the conversion. A percentage of the Class B Guaranteed Interest Fund, equal to the conversion percentage, will convert to the Class A Guaranteed Interest Fund beginning with the amounts closest to expiration of an interest rate declaration period. For the remainder of the declared interest rate period, such amounts will be credited with interest at the rates applicable to amounts in the Class A Guaranteed Interest Fund as of the date the interest rate was declared.

CONVERSION OF INVESTMENT ACCOUNTS. On a policy anniversary some Class B Accumulation Units may convert to Class A Accumulation Units and a portion of the Class B Guaranteed Interest Fund may convert to the Class A Guaranteed Interest Fund. The amounts that will be converted are dependent on the conversion of Net Purchase Payments. On a policy anniversary, a Net Purchase Payment converts if: o • the total Accumulation Value of the contract exceeds $25,000, o ; • the Net Purchase Payment has not previously converted; and o • the Net Purchase Payment is in the zero Withdrawal Charge category. If a Net Purchase Payment converts, a conversion percentage is calculated. The conversion percentage equals the greater of: o • the Net Purchase Payments converting divided by all Net Purchase Payments not already converted; and o • the Net Purchase Payments converting divided by the value of all Class B Accumulation Units and the Class B Guaranteed Interest Fund, but in no event more than 100%. RR.V.B.BK.(0803) 13 A percentage of Class B Accumulation Units in each Division(s), equal to the conversion percentage, will convert to Class A Accumulation Units in the same Division(s). The number of Accumulation Units will be adjusted to reflect the respective value of the Accumulation Units on the date of the conversion. A percentage of the Class B Guaranteed Interest Fund, equal to the conversion percentage, will convert to the Class A Guaranteed Interest Fund beginning with the amounts closest to expiration of an interest rate declaration period. For the remainder of the declared interest rate period, such amounts will be credited with interest at the rates applicable to amounts in the Class A Guaranteed Interest Fund as of the date the interest rate was declared.

CONVERSION OF INVESTMENT ACCOUNTS. On a policy anniversary some Class B Accumulation Units may convert to Class A Accumulation Units and a portion of the Class B Guaranteed Interest Fund may convert to the Class A Guaranteed Interest Fund. The amounts that will be converted are dependent on the conversion of Net Purchase Payments. On a policy anniversary, a Net Purchase Payment converts if: o . the total Accumulation Value of the contract exceeds $25,000, o ; . the Net Purchase Payment has not previously converted; and o . the Net Purchase Payment is in the zero Withdrawal Charge category. If a Net Purchase Payment converts, a conversion percentage is calculated. The conversion percentage equals the greater of: o . the Net Purchase Payments converting divided by all Net Purchase Payments not already converted; and o . the Net Purchase Payments converting divided by the value of all Class B Accumulation Units and the Class B Guaranteed Interest Fund, but in no event more than 100%. RP.V.A.BK.(0803) 13 A percentage of Class B Accumulation Units in each Division(s), equal to the conversion percentage, will convert to Class A Accumulation Units in the same Division(s). The number of Accumulation Units will be adjusted to reflect the respective value of the Accumulation Units on the date of the conversion. A percentage of the Class B Guaranteed Interest Fund, equal to the conversion percentage, will convert to the Class A Guaranteed Interest Fund beginning with the amounts closest to expiration of an interest rate declaration period. For the remainder of the declared interest rate period, such amounts will be credited with interest at the rates applicable to amounts in the Class A Guaranteed Interest Fund as of the date the interest rate was declared.

CONVERSION OF INVESTMENT ACCOUNTS. On a policy anniversary some Class B Accumulation Units may convert to Class A Accumulation Units and a portion of the Class B Guaranteed Interest Fund Accounts may convert to the Class A Guaranteed Interest FundAccounts. The amounts that will be converted are dependent on the conversion of Net Purchase Payments. On a policy anniversary, a Net Purchase Payment converts if: o • the total Accumulation Value of the contract exceeds $25,000, o ; • the Net Purchase Payment has not previously converted; and o • the Net Purchase Payment is in the zero Withdrawal Charge category. If a Net Purchase Payment converts, a conversion percentage is calculated. The conversion percentage equals the greater of: o • the Net Purchase Payments converting divided by all Net Purchase Payments not already converted; and o • the Net Purchase Payments converting divided by the value of all Class B Accumulation Units and the Class B Guaranteed Interest FundAccounts, but in no event more than 100%. RR.V.B.BK.(0805) 14 A percentage of Class B Accumulation Units in each Division(s), equal to the conversion percentage, will convert to Class A Accumulation Units in the same Division(s). The number of Accumulation Units will be adjusted to reflect the respective value of the Accumulation Units on the date of the conversion. A percentage of the each Class B Guaranteed Interest FundAccount, equal to the conversion percentage, will convert to the a corresponding Class A Guaranteed Interest Fund Account beginning with the amounts closest to expiration the end of an interest rate declaration periodthe Guaranteed Period. For the remainder of the declared interest rate periodGuaranteed Period, such amounts will be credited with interest at the rates applicable to amounts in the Class A Guaranteed Interest Fund Account as of the date the interest rate was declared.

CONVERSION OF INVESTMENT ACCOUNTS. On a policy anniversary some Class B Accumulation Units may convert to Class A Accumulation Units and a portion of the Class B Guaranteed Interest Fund may convert to the Class A Guaranteed Interest Fund. The amounts that will be converted are dependent on the conversion of Net Purchase Payments. On a policy anniversary, a Net Purchase Payment converts if: o - the total Accumulation Value of the contract exceeds $25,000, o - the Net Purchase Payment has not previously converted; and o - the Net Purchase Payment is in the zero Withdrawal Charge category. If a Net Purchase Payment converts, a conversion percentage is calculated. The conversion percentage equals the greater of: o - the Net Purchase Payments converting divided by all Net Purchase Payments not already converted; and o - the Net Purchase Payments converting divided by the value of all Class B Accumulation Units and the Class B Guaranteed Interest Fund, but in no event more than 100%. A percentage of Class B Accumulation Units in each Division(s), equal to the conversion percentage, will convert to Class A Accumulation Units in the same Division(s). The number of Accumulation Units will be adjusted to reflect the respective value of the Accumulation Units on the date of the conversion. 21 A percentage of the Class B Guaranteed Interest Fund, equal to the conversion percentage, will convert to the Class A Guaranteed Interest Fund beginning with the amounts closest to expiration of an interest rate declaration period. For the remainder of the declared interest rate period, such amounts will be credited with interest at the rates applicable to amounts in the Class A Guaranteed Interest Fund as of the date the interest rate was declared.

CONVERSION OF INVESTMENT ACCOUNTS. On a policy contract anniversary some Class B Accumulation Units may convert to Class A Accumulation Units and a portion of the Class B Guaranteed Interest Fund Accounts may convert to the Class A Guaranteed Interest FundAccounts. The amounts that will be converted are dependent on the conversion of Net Purchase Payments. On a policy contract anniversary, a Net Purchase Payment converts if: o • the total Accumulation Value of the contract Contract exceeds $25,000, o ; • the Net Purchase Payment has not previously converted; and o • the Net Purchase Payment is in the zero Withdrawal Charge category. If a Net Purchase Payment converts, a conversion percentage is calculated. The conversion percentage equals the greater of: o • the Net Purchase Payments converting divided by all Net Purchase Payments not already converted; and o • the Net Purchase Payments converting divided by the value of all Class B Accumulation Units and the Class B Guaranteed Interest FundAccounts, but in no event more than 100%. A percentage of Class B Accumulation Units in each Division(s), equal to the conversion percentage, will convert to Class A Accumulation Units in the same Division(s). The number of Accumulation Units will be adjusted to reflect the respective value of the Accumulation Units on the date of the conversion. A percentage of the each Class B Guaranteed Interest FundAccount, equal to the conversion percentage, will convert to the a corresponding Class A Guaranteed Interest Fund Account beginning with the amounts closest to expiration the end of an interest rate declaration periodthe Guaranteed Period. For the remainder of the declared interest rate periodGuaranteed Period, such amounts will be credited with interest at the rates applicable to amounts in the Class A Guaranteed Interest Fund Account as of the date the interest rate was declared.. ICC12.RR.VA.BBK.(0313) 14

CONVERSION OF INVESTMENT ACCOUNTS. On a policy contract anniversary some Class B Accumulation Units may convert to Class A Accumulation Units and a portion of the Class B Guaranteed Interest Fund Accounts may convert to the Class A Guaranteed Interest FundAccounts. The amounts that will be converted are dependent on the conversion of Net Purchase Payments. On a policy contract anniversary, a Net Purchase Payment converts if: o • the total Accumulation Value of the contract Contract exceeds $25,000, o ; • the Net Purchase Payment has not previously converted; and o • the Net Purchase Payment is in the zero Withdrawal Charge category. If a Net Purchase Payment converts, a conversion percentage is calculated. The conversion percentage equals the greater of: o • the Net Purchase Payments converting divided by all Net Purchase Payments not already converted; and o • the Net Purchase Payments converting divided by the value of all Class B Accumulation Units and the Class B Guaranteed Interest FundAccounts, but in no event more than 100%. A percentage of Class B Accumulation Units in each Division(s), equal to the conversion percentage, will convert to Class A Accumulation Units in the same Division(s). The number of Accumulation Units will be adjusted to reflect the respective value of the Accumulation Units on the date of the conversion. A percentage of the each Class B Guaranteed Interest FundAccount, equal to the conversion percentage, will convert to the a corresponding Class A Guaranteed Interest Fund Account beginning with the amounts closest to expiration the end of an interest rate declaration periodthe Guaranteed Period. For the remainder of the declared interest rate periodGuaranteed Period, such amounts will be credited with interest at the rates applicable to amounts in the Class A Guaranteed Interest Fund Account as of the date the interest rate was declared.. ICC12.RR.VA.ABK.(0313) 14

CONVERSION OF INVESTMENT ACCOUNTS. On a policy anniversary some Class B Accumulation Units may convert to Class A Accumulation Units and a portion of the Class B Guaranteed Interest Fund Accounts may convert to the Class A Guaranteed Interest FundAccounts. The amounts that will be converted are dependent on the conversion of Net Purchase Payments. On a policy anniversary, a Net Purchase Payment converts if: o • the total Accumulation Value of the contract exceeds $25,000, o ; • the Net Purchase Payment has not previously converted; and o • the Net Purchase Payment is in the zero Withdrawal Charge category. If a Net Purchase Payment converts, a conversion percentage is calculated. The conversion percentage equals the greater of: o • the Net Purchase Payments converting divided by all Net Purchase Payments not already converted; and o • the Net Purchase Payments converting divided by the value of all Class B Accumulation Units and the Class B Guaranteed Interest FundAccounts, but in no event more than 100%. RR.V.A.BK.(0805) 14 A percentage of Class B Accumulation Units in each Division(s), equal to the conversion percentage, will convert to Class A Accumulation Units in the same Division(s). The number of Accumulation Units will be adjusted to reflect the respective value of the Accumulation Units on the date of the conversion. A percentage of the each Class B Guaranteed Interest FundAccount, equal to the conversion percentage, will convert to the a corresponding Class A Guaranteed Interest Fund Account beginning with the amounts closest to expiration the end of an interest rate declaration periodthe Guaranteed Period. For the remainder of the declared interest rate periodGuaranteed Period, such amounts will be credited with interest at the rates applicable to amounts in the Class A Guaranteed Interest Fund Account as of the date the interest rate was declared.

CONVERSION OF INVESTMENT ACCOUNTS. On a policy anniversary some Class B Accumulation Units may convert to Class A Accumulation Units and a portion of the Class B Guaranteed Interest Fund may convert to the Class A Guaranteed Interest Fund. The amounts that will be converted are dependent on the conversion of Net Purchase Payments. On a policy anniversary, a Net Purchase Payment converts if: o - the total Accumulation Value of the contract exceeds $25,000, o - the Net Purchase Payment has not previously converted; and o - the Net Purchase Payment is in the zero Withdrawal Charge category. If a Net Purchase Payment converts, a conversion percentage is calculated. The conversion percentage equals the greater of: o - the Net Purchase Payments converting divided by all Net Purchase Payments not already converted; and o - the Net Purchase Payments converting divided by the value of all Class B Accumulation Units and the Class B Guaranteed Interest Fund, but in no event more than 100%. A percentage of Class B Accumulation Units in each Division(s), equal to the conversion percentage, will convert to Class A Accumulation Units in the same Division(s). The number of Accumulation Units will be adjusted to reflect the respective value of the Accumulation Units on the date of the conversion. 58 A percentage of the Class B Guaranteed Interest Fund, equal to the conversion percentage, will convert to the Class A Guaranteed Interest Fund beginning with the amounts closest to expiration of an interest rate declaration period. For the remainder of the declared interest rate period, such amounts will be credited with interest at the rates applicable to amounts in the Class A Guaranteed Interest Fund as of the date the interest rate was declared.