Common use of Coverages and Exclusions Clause in Contracts

Coverages and Exclusions. (a) Only the Guaranteed Withdrawal Benefit Riders for Single Life and for Joint Life (collectively referred to as “Riders”) and state variations thereof, issued for use with certain variable annuity contracts (“Base Annuity(ies)”) as described in Schedule A, are reinsured under this Agreement. The term Base Annuities includes the base annuity contract and any riders and endorsements other than the Riders. (b) Only the guaranteed lifetime income payment benefits as set forth in Article III, Paragraph 1, are reinsured under this Agreement. Any other benefits and payments provided under the Riders and Base Annuities are excluded from coverage under this Agreement. (c) Only Riders sold by the Ceding Company in the United States to United States residents are reinsured under this Agreement.

Coverages and Exclusions. (a) A. Only the Guaranteed Lifetime Withdrawal Benefit Riders for Preferred I.S.Rider – Single Life and for Joint Life (collectively referred to as “Riders”) and state variations thereof, issued for use with certain variable annuity contracts (“Base Annuity(ies)”) each as described in Schedule A, are issued on or after XXX, is reinsured under this Agreement. The term Base Annuities includes include the base annuity contract and any riders and endorsements other than the Riders. (b) B. Only the guaranteed lifetime income payment benefits and payments as set forth in Article III, Paragraph 1, paragraph 2 are reinsured under this Agreement. Any other benefits and payments provided under the Riders and Base Annuities or other riders or endorsements are excluded from coverage under this Agreement. (c) C. Only Riders sold by the Ceding Company in the United States to United States residents are reinsured under this Agreement.