Common use of Covered Fund Expenses Clause in Contracts

Covered Fund Expenses. The Variable Annuity-8 Series Account purchases shares of the Covered Funds that are available as investment options under the Contract at net asset value or unit value. The net asset value or unit value of each Covered Fund reflects expenses already deducted from the assets of that Covered Fund. Those asset-based fees, referred to as an “expense ratio,” consist of investment management fees, administrative expenses, and revenue sharing fees. The fees and expenses of the Covered Funds are not charges under the Contract, but are reflected in the share value of each Covered Fund. The provider of a Covered Fund may assess redemption fees. Any such fees will be deducted from GLWB Participant Account Value.

Covered Fund Expenses. The Variable Annuity-8 Series Account purchases shares of the Covered Funds that are available as investment options under the this Contract at net asset value or unit value. The net asset value or unit value of each Covered Fund reflects expenses already deducted from the assets of that Covered Fund. Those asset-based fees, referred to as an “expense ratio,” consist of investment management fees, administrative expenses, and revenue sharing fees. The fees and expenses of the Covered Funds are not charges under the this Contract, but are reflected in the share value of each Covered Fund. The provider of a Covered Fund may assess redemption fees. Any such fees will be deducted from GLWB Participant Account the Contract Value.

Covered Fund Expenses. The Variable Annuity-8 Series Account purchases shares of the Covered Funds that are available as investment options under the Contract at net asset value or unit value. The net asset value or unit value of each Covered Fund reflects expenses already deducted from the assets of that Covered Fund. Those asset-based fees, referred to as an “expense ratio,” consist of investment management fees, administrative expenses, and revenue sharing fees. The fees and expenses of the Covered Funds are not charges under the Contract, but are reflected in the share value of each Covered Fund. The provider of a Covered Fund may assess redemption fees. Any such fees will be deducted from GLWB Participant Account an Owner’s Covered Fund Value.