Common use of Death Before Required Distributions Commence Clause in Contracts

Death Before Required Distributions Commence. If the Owner dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows: 1. If the designed beneficiary is someone other than the Owner's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's death, over the remaining life expectancy of the Designated Beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Owner's death, or if elected, in accordance with paragraph (b)(3) below. 2. If the Owner's sole Designated Beneficiary is the Owner's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's death (or by the end of the calendar year in which the Owner would have attained age 70 1/2, if later), over such spouse's life, or if elected, in accordance with paragraph (b)(3) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's death, over the spouse's Designated Beneficiary's remaining life expectancy determined using such beneficiary's age as of his or her birthday in the year following the death of the spouse, or if elected, will be distributed in accordance with paragraph (b)(3) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen. 3. If there is no Designated Beneficiary, or if applicable by operation of paragraph (b)(1) or (b)(2) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner's death (or of the spouse's death in the case of the surviving spouse's death before distributions are required to begin under paragraph (b)(2) above). 4. Life expectancy is determined using the Single Life Table in Q&A-1 of Section 1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiary, such spouse's remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's age in the year specified in paragraph (b)(1) or (2) above and reduced by 1 for each subsequent year.

Death Before Required Distributions Commence. If the Owner dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows: (1. ) If the designed designated beneficiary is someone other than the Owner's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's death, over the remaining life expectancy of the Designated Beneficiarydesignated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Owner's death, or or, if elected, in accordance with paragraph (b)(3) below. (2. ) If the Owner's sole Designated Beneficiary designated beneficiary is the Owner's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's death (or by the end of the calendar year in which the Owner would have attained age 70 1/2, if later), over such spouse's life, or or, if elected, in accordance with paragraph (b)(3) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's death, over the spouse's Designated Beneficiarydesignated beneficiary's remaining life expectancy determined using such beneficiary's age as of his or her birthday in the year following the death of the spouse, or or, if elected, will be distributed in accordance with paragraph (b)(3) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen. (3. ) If there is no Designated Beneficiarydesignated beneficiary, or if applicable by operation of paragraph (b)(1) or (b)(2) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner's death (or of the spouse's death in the case of the surviving spouse's death before distributions are required to begin under paragraph (b)(2) above). (4. ) Life expectancy is determined using the Single Life Table in Q&A-1 of Section §1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiarydesignated beneficiary, such spouse's remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's age in the year specified in paragraph (b)(1) or (2) above and reduced by 1 for each subsequent year.

Death Before Required Distributions Commence. If the Owner dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows: 1. (A) If the designed designated beneficiary is someone other than the Owner's ’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's ’s death, over the remaining life expectancy of the Designated Beneficiarydesignated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Owner's ’s death, or or, if elected, in accordance with paragraph (b)(3ii)(C) below. 2. (B) If the Owner's ’s sole Designated Beneficiary designated beneficiary is the Owner's individual’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's individual’s death (or by the end of the calendar year in which the Owner would have attained age 70 1/2, if later), over such spouse's ’s life, or or, if elected, in accordance with paragraph (b)(3ii)(C) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's ’s death, over the spouse's Designated Beneficiary's ’s designated beneficiary’s remaining life expectancy determined using such beneficiary's ’s age as of his or her birthday in the year following the death of the spouse, or or, if elected, will be distributed in accordance with paragraph (b)(3ii)(C) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen or, if no contract option was chosen, will be distributed using the spouse’s age as of his or her birthday in the year of the spouse’s death. 3. (C) If there is no Designated Beneficiarydesignated beneficiary, or or, if applicable by operation of paragraph (b)(1ii)(A) or (b)(2ii)(B) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner's ’s death (or of the spouse's ’s death in the case of the surviving spouse's ’s death before distributions are required to begin under paragraph (b)(2ii)(B) above). 4(D) If distributions are not made in the form of an annuity on an irrevocable basis (except for acceleration), the amount to be distributed each year under paragraph (ii)(A) or B is the quotient obtained by dividing the value of the contract as of the end of the preceding year by the remaining life expectancy specified in the paragraph. Life expectancy is determined using the Single Life Table in Q&A-1 of Section section 1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiarydesignated beneficiary, such spouse's ’s remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's ’s age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's ’s age in the year specified in paragraph (b)(1ii)(A) or (2ii)(B) above and reduced by 1 for each subsequent year.

Death Before Required Distributions Commence. If the Owner individual dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows: 1. a. If the designed designated beneficiary is someone other than the Ownerindividual's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Ownerindividual's death, over the remaining life expectancy of the Designated Beneficiarydesignated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Ownerindividual's death, or or, if elected, in accordance with paragraph (b)(3) 2.c. below. 2. b. If the Ownerindividual's sole Designated Beneficiary designated beneficiary is the Ownerindividual's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Ownerindividual's death (or by the end of the calendar year in which the Owner individual would have attained age 70 1/2, if later), over such spouse's life, or or, if elected, in accordance with paragraph (b)(3) 2.c. below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's death, over the spouse's Designated Beneficiarydesignated beneficiary's remaining life expectancy determined using such beneficiary's age as of his or her birthday in the year following the death of the spouse, or or, if elected, will be distributed in accordance with paragraph (b)(3) 2.c. below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen. 3. c. If there is no Designated Beneficiarydesignated beneficiary, or if applicable by operation of paragraph (b)(1) 2.a. or (b)(2) 2.b. above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Ownerindividual's death (or of the spouse's death in the case of the surviving spouse's death before distributions are required to begin under paragraph (b)(2) 2.b. above). 4. d. Life expectancy is determined using the Single Life Table in Q&A-1 of Section 1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiarydesignated beneficiary, such spouse's remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's age in the year specified in paragraph (b)(1) 2.a. or (2) above 2.b. and reduced by 1 for each subsequent year.

Death Before Required Distributions Commence. If the Owner dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows: (1. ) If the designed designated beneficiary is someone other than the Owner's ’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's ’s death, over the remaining life expectancy of the Designated Beneficiarydesignated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Owner's ’s death, or or, if elected, in accordance with paragraph (b)(3) below. If this is an inherited IRA within the meaning of Code Section 408(d)(3)(C) established for the benefit of a nonspouse designated beneficiary by a direct trustee-to-trustee transfer from a retirement plan of a deceased individual under Code Section 402(c)(11), then, notwithstanding any election made by the deceased individual pursuant to the preceding sentence, the nonspouse designated beneficiary may elect to have distributions made under this paragraph (b)(1) if the transfer is made no later than the end of the year following the year of death. (2. ) If the Owner's ’s sole Designated Beneficiary designated beneficiary is the Owner's ’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's ’s death (or by the end of the calendar year in which the Owner would have attained age 70 1/2, if later), over such spouse's life’s life expectancy, or or, if elected, in accordance with paragraph (b)(3) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's ’s death, over the spouse's Designated Beneficiary's ’s designated beneficiary’s remaining life expectancy determined using such beneficiary's ’s age as of his or her birthday in the year following the death of the spouse, or or, if elected, will be distributed in accordance with paragraph (b)(3) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen. (3. ) If there is no Designated Beneficiarydesignated beneficiary, or if applicable by operation of paragraph (b)(1) or (b)(2) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner's ’s death (or of the spouse's ’s death in the case of the surviving spouse's ’s death before distributions are required to begin under paragraph (b)(2) above). (4. ) Life expectancy is determined using the Single Life Table in Q&A-1 of Section §1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiarydesignated beneficiary, such spouse's ’s remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's ’s age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's ’s age in the year specified in paragraph (b)(1) or (2) above and reduced by 1 for each subsequent year.

Death Before Required Distributions Commence. If the Owner dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows: (1. ) If the designed designated beneficiary is someone other than the Owner's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's death, over the remaining life expectancy of the Designated Beneficiarydesignated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Owner's death, or or, if elected, in accordance with paragraph (b)(3) below. If this is an inherited IRA within the meaning of Code Section 408(d)(3)(C) established for the benefit of a nonspouse designated beneficiary by a direct trustee-to-trustee transfer from a retirement plan of a deceased individual under Code Section 402(c)(11), then, notwithstanding any election made by the deceased individual pursuant to the preceding sentence, the nonspouse designated beneficiary may elect to have distributions made under this paragraph (b)(1) if the transfer is made no later than the end of the year following the year of death. (2. ) If the Owner's sole Designated Beneficiary designated beneficiary is the Owner's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's death (or by the end of the calendar year in which the Owner would have attained age 70 1/2, if later), over such spouse's lifelife expectancy, or or, if elected, in accordance with paragraph (b)(3) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's death, over the spouse's Designated Beneficiarydesignated beneficiary's remaining life expectancy determined using such beneficiary's age as of his or her birthday in the year following the death of the spouse, or or, if elected, will be distributed in accordance with paragraph (b)(3) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen. (3. ) If there is no Designated Beneficiarydesignated beneficiary, or if applicable by operation of paragraph (b)(1) or (b)(2) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner's death (or of the spouse's death in the case of the surviving spouse's death before distributions are required to begin under paragraph (b)(2) above). (4. ) Life expectancy is determined using the Single Life Table in Q&A-1 of Section §1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiarydesignated beneficiary, such spouse's remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's age in the year specified in paragraph (b)(1) or (2) above and reduced by 1 for each subsequent year.

Death Before Required Distributions Commence. If the Owner individual dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows: 1. a. If the designed designated beneficiary is someone other than the Ownerindividual's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Ownerindividual's death, over the remaining life expectancy of the Designated Beneficiarydesignated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Ownerindividual's death, or or, if elected, in accordance with paragraph (b)(32)(c) below. 2. b. If the Ownerindividual's sole Designated Beneficiary designated beneficiary is the Ownerindividual's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Ownerindividual's death (or by the end of the calendar year in which the Owner individual would have attained age 70 1/2, if later), over such spouse's life, or or, if elected, in accordance with paragraph (b)(32)(c) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's death, over the spouse's Designated Beneficiarydesignated beneficiary's remaining life expectancy determined using such beneficiary's age as of his or her birthday in the year following the death of the spouse, or or, if elected, will be distributed in accordance with paragraph (b)(32)(c) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen. 3. c. If there is no Designated Beneficiarydesignated beneficiary, or if applicable by operation of paragraph (b)(12)(a) or (b)(22)(b) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Ownerindividual's death (or of the spouse's death in the case of the surviving spouse's death before distributions are required to begin under paragraph (b)(22)(b) above). 4. d. Life expectancy is determined using the Single Life Table in Q&A-1 of Section 1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiarydesignated beneficiary, such spouse's remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's age in the year specified in paragraph (b)(12)(a) or (22)(b) above and reduced by 1 for each subsequent year.

Death Before Required Distributions Commence. If the Owner dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows:: SAMPLE 1. ) If the designed designated beneficiary is someone other than the Owner's ’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's ’s death, over the life of the designated beneficiary, or over a period not extending beyond the remaining life expectancy of the Designated Beneficiarydesignated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Owner's ’s death, or or, if elected, in accordance with paragraph (b)(3) below. If this Contract is an inherited IRA within the meaning of Code § 408(d)(3)(C) established for the benefit of a non-spouse designated beneficiary by a direct trustee-to-trustee transfer from a retirement plan of a deceased individual under Code § 402(c)(11), then, notwithstanding any election made by the deceased individual pursuant to the preceding sentence, the non-spouse designated beneficiary may elect to have distributions made under this subsection (b)(1) if the transfer is made no later than the end of the year following the year of death. 2. ) If the Owner's ’s sole Designated Beneficiary designated beneficiary is the Owner's ’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's ’s death (or by the end of the calendar year in which the Owner would have attained age 70 1/270½ if the Owner was born prior to July 1, 1949, or 72 if the Owner was born on or after July 1, 1949, if later), over such spouse's ’s life, or over a period not extending beyond the remaining life expectancy of the surviving spouse, or, if elected, in accordance with paragraph (b)(3) or 4(e) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's ’s death, over the spouse's Designated Beneficiary's ’s designated beneficiary’s remaining life expectancy determined using such beneficiary's ’s age as of his or her birthday in the year following the death of the spouse, or or, if elected, will be distributed in accordance with paragraph (b)(3) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract Contract option chosen. 3. ) If there is no Designated Beneficiarydesignated beneficiary, or if applicable by operation of paragraph (b)(1) or (b)(2) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner's ’s death (or of the spouse's ’s death in the case of the surviving spouse's ’s death before distributions are required to begin under paragraph (b)(2) above). 4. ) Life expectancy is determined using the Single Life Table in Q&A-1 of Section 1.401(a)(9)-9 § 1.401(a)(9)–9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiarydesignated beneficiary, such spouse's ’s remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's ’s age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's ’s age in the year specified in paragraph (b)(1) or (2) above and reduced by 1 for each subsequent year. If distributions are being made in the form of an annuity, life expectancy will not be recalculated.

Death Before Required Distributions Commence. If the Owner dies before required distributions Distributions commence, his or her entire interest will be distributed at least as rapidly as follows: (1. .) If the designed beneficiary Designated Beneficiary is someone other than the Owner's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's death, over the remaining life expectancy of the Designated Beneficiary, with such life expectancy determined using the age of the beneficiary Designated Beneficiary as of his or her birthday in the year following the year of the Ownerindividual's death, or if elected, in accordance with paragraph (b)(3) below. (2. .) If the Owner's sole Designated Beneficiary is the Owner's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's death (or by the end of the calendar year in which the Owner would have attained age 70 1/2, if later), over such spouse's life, or if elected, in accordance with paragraph (b)(3) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's death, over the spouse's Designated Beneficiary's remaining life expectancy determined using such beneficiary's age as of his or her birthday in the year following the death of the spouse, or if elected, will be distributed in accordance with paragraph (b)(3) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen. (3. .) If there is no Designated Beneficiary, or if applicable by operation of paragraph (b)(1) or (b)(2) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner's death (or of the spouse's death in the case of the surviving spouse's death before distributions are required to begin under paragraph (b)(2) above). 4. Life expectancy is determined using the Single Life Table in Q&A-1 of Section 1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiary, such spouse's remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's age in the year specified in paragraph (b)(1) or (2) above and reduced by 1 for each subsequent year.

Death Before Required Distributions Commence. If the Owner dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows: (1. ) If the designed designated beneficiary is someone other than the Owner's ’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's ’s death, over the remaining life expectancy of the Designated Beneficiarydesignated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Owner's ’s death, or or, if elected, in accordance with paragraph (b)(3) below. If this is an inherited XXX within the meaning of Code section 408(d)(3)(C) established for the benefit of a non-spouse designated beneficiary by a direct trustee-to-trustee transfer from a retirement plan of a deceased Owner under Code section 402(c)(11), then, notwithstanding any election made by the deceased Owner pursuant to the preceding sentence, the non-spouse designated beneficiary may elect to have distributions made under this paragraph (b)(1) if the transfer is made no later than the end of the year following the year of death. (2. ) If the Owner's sole Designated Beneficiary designated beneficiary is someone other than the Owner's ’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's ’s death, over the remaining life expectancy of the designated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Owner’s death, or, if elected, in accordance with paragraph (b)(3) below. If this is an inherited XXX within the meaning of Code section 408(d)(3)(C) established for the benefit of a non-spouse designated beneficiary by a direct trustee-to-trustee transfer from a retirement plan of a deceased Owner under Code section 402(c)(11), then, notwithstanding any election made by the deceased Owner pursuant to the preceding sentence, the non-spouse designated beneficiary may elect to have distributions made under this paragraph (b)(1) if the transfer is made no later than the end of the year following the year of death. (3) If the Owner’s sole designated beneficiary is the Owner’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner’s death (or by the end of the calendar year in which the Owner would have attained age 70 1/21⁄2, if later), over such spouse's life’s life expectancy, or or, if elected, in accordance with paragraph (b)(3) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's ’s death, over the spouse's Designated Beneficiary's ’s designated beneficiary’s remaining life expectancy determined using such beneficiary's ’s age as of his or her birthday in the year following the death of the spouse, or or, if elected, will be distributed in accordance with paragraph (b)(3) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen. 3. If there is no Designated Beneficiarydesignated beneficiary, or if applicable by operation of paragraph (b)(1) or (b)(2) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner's ’s death (or of the spouse's ’s death in the case of the surviving spouse's ’s death before distributions are required to begin under paragraph (b)(2) above). 4. Life expectancy is determined using the Single Life Table in Q&A-1 of Section § 1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiarydesignated beneficiary, such spouse's ’s remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's ’s age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's ’s age in the year specified in paragraph (b)(1) or (2) above and reduced by 1 for each subsequent year. For purposes of paragraphs (a) and (b) above, required distributions are considered to commence on the Owner’s required beginning date or, if applicable, on the date distributions are required to begin to the surviving spouse under paragraph (b)(2)above. However, if distributions start prior to the applicable date in the preceding sentence, on an irrevocable basis (except for acceleration) under an annuity contract meeting the requirements of § 1.401(a)(9)-6 of the Income Tax Regulations, then required distributions are considered to commence on the annuity starting date. (4) If there is no designated beneficiary, or if applicable by operation of paragraph (b)(1) or (b)(2) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner’s death (or of the spouse’s death in the case of the surviving spouse’s death before distributions are required to begin under paragraph (b)(2) above). Life expectancy is determined using the Single Life Table in Q&A-1 of § 1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole designated beneficiary, such spouse’s remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse’s age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary’s age in the year specified in paragraph (b)(1) or (2) and reduced by 1 for each subsequent year. For purposes of paragraphs (a) and (b) above, required distributions are considered to commence on the Owner’s required beginning date or, if applicable, on the date distributions are required to begin to the surviving spouse under paragraph (b)(2)above. However, if distributions start prior to the applicable date in the preceding sentence, on an irrevocable basis (except for acceleration) under an annuity contract meeting the requirements of § 1.401(a)(9)-6 of the Income Tax Regulations, then required distributions are considered to commence on the annuity starting date. (5) If the sole designated beneficiary is the Owner’s surviving spouse, the spouse may elect to treat the XXX as his or her own XXX. This election will be deemed to have been made if such surviving spouse makes a contribution to the XXX or fails to take required distributions as a beneficiary. (6) The required minimum distributions payable to a designated beneficiary from this XXX may be withdrawn from another XXX the beneficiary holds from the same decedent in accordance with Q&A-9 of § 1.408-8 of the Income Tax Regulations.

Death Before Required Distributions Commence. If the Owner dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows: 1. (i) If the designed designated beneficiary is someone other than the Owner's ’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's ’s death, over the remaining life expectancy of the Designated Beneficiarydesignated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Owner's ’s death, or or, if elected, in accordance with paragraph (b)(3b)(iii) below. 2. (ii) If the Owner's ’s sole Designated Beneficiary designated beneficiary is the Owner's individual’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's individual’s death (or by the end of the calendar year in which the Owner would have attained age 70 1/2, if later), over such spouse's ’s life, or or, if elected, in accordance with paragraph (b)(3b)(iii) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's ’s death, over the spouse's Designated Beneficiary's ’s designated beneficiary’s remaining life expectancy determined using such beneficiary's ’s age as of his or her birthday in the year following the death of the spouse, or or, if elected, will be distributed in accordance with paragraph (b)(3b)(iii) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen or, if no contract option was chosen, will be distributed using the spouse’s age as of his or her birthday in the year of the spouse’s death. 3. (iii) If there is no Designated Beneficiarydesignated beneficiary, or or, if applicable by operation of paragraph (b)(1b)(i) or (b)(2b)(ii) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner's ’s death (or of the spouse's ’s death in the case of the surviving spouse's ’s death before distributions are required to begin under paragraph (b)(2b)(ii) above). 4(iv) If distributions are not made in the form of an annuity on an irrevocable basis (except for acceleration), the amount to be distributed each year under paragraph (b)(i) or (ii) is the quotient obtained by dividing the value of the contract as of the end of the preceding year by the remaining life expectancy specified in the paragraph. Life expectancy is determined using the Single Life Table in Q&A-1 of Section section 1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiarydesignated beneficiary, such spouse's ’s remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's ’s age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's ’s age in the year specified in paragraph (b)(1b)(i) or (2b)(ii) above and reduced by 1 for each subsequent year.

Death Before Required Distributions Commence. If the Owner dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows: (1. ) If the designed designated beneficiary is someone other than the Owner's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's death, over the remaining life expectancy of the Designated Beneficiarydesignated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Owner's death, or or, if elected, in accordance with paragraph (b)(3) below. (2. ) If the Owner's sole Designated Beneficiary designated beneficiary is the Owner's surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's death (or by the end of the calendar year in which the Owner would have attained age 70 1/270½, if later), over such spouse's life, or or, if elected, in accordance with paragraph (b)(3) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's death, over the spouse's Designated Beneficiarydesignated beneficiary's remaining life expectancy determined using such beneficiary's age as of his or her birthday in the year following the death of the spouse, or or, if elected, will be distributed in accordance with paragraph (b)(3) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen. (3. ) If there is no Designated Beneficiarydesignated beneficiary, or if applicable by operation of paragraph (b)(1) or (b)(2) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner's death (or of the spouse's death in the case of the surviving spouse's death before distributions are required to begin under paragraph (b)(2) above). (4. ) Life expectancy is determined using the Single Life Table in Q&A-1 of Section §1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiarydesignated beneficiary, such spouse's remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's age in the year specified in paragraph (b)(1) or (2) above and reduced by 1 for each subsequent year.

Death Before Required Distributions Commence. If the Owner owner dies before required distributions commence, his or her entire interest will be distributed at least as rapidly as follows: 1. i) If the designed designated beneficiary is someone other than the Owner's owner’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's owner’s death, over the remaining life expectancy of the Designated Beneficiarydesignated beneficiary, with such life expectancy determined using the age of the beneficiary as of his or her birthday in the year following the year of the Owner's owner’s death, or or, if elected, in accordance with paragraph (b)(3b)(iii) below. 2. ii) If the Owner's owner’s sole Designated Beneficiary designated beneficiary is the Owner's owner’s surviving spouse, the entire interest will be distributed, starting by the end of the calendar year following the calendar year of the Owner's owner’s death (or by the end of the calendar year in which the Owner owner would have attained age 70 1/2, if later), over such spouse's ’s life, or or, if elected, in accordance with paragraph (b)(3b)(iii) below. If the surviving spouse dies before required distributions commence to him or her, the remaining interest will be distributed, starting by the end of the calendar year following the calendar year of the spouse's ’s death, over the spouse's Designated Beneficiary's ’s designated beneficiary’s remaining life expectancy determined using such beneficiary's ’s age as of his or her birthday in the year following the death of the spouse, or or, if elected, will be distributed in accordance with paragraph (b)(3b)(iii) below. If the surviving spouse dies after the required distributions commence to him or her, any remaining interest will continue to be distributed under the contract option chosen.. XX-XX-XXX (07) page YI-3 Contract Number: [C1234567 ] 3. iii) If there is no Designated Beneficiarydesignated beneficiary, or if applicable by operation of paragraph (b)(1b)(i) or (b)(2b)(ii) above, the entire interest will be distributed by the end of the calendar year containing the fifth anniversary of the Owner's owner’s death (or of the spouse's ’s death in the case of the surviving spouse's ’s death before distributions are required to begin under paragraph (b)(2b)(ii) above). 4. iv) Life expectancy is determined using the Single Life Table in Q&A-1 of Section 1.401(a)(9)-9 of the Income Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated Beneficiarydesignated beneficiary, such spouse's ’s remaining life expectancy for a year is the number in the Single Life Table corresponding to such spouse's ’s age in the year. In all other cases, remaining life expectancy for a year is the number in the Single Life Table corresponding to the beneficiary's ’s age in the year specified in paragraph (b)(1b)(i) or (2ii) above and reduced by 1 one for each subsequent year.