Common use of Default Annuity Date and Options Clause in Contracts

Default Annuity Date and Options. If this is a Non-Qualified Contract and you did not choose an Annuity Date when you submitted your application for this Contract, your Annuity Date is the Annuitant's 95th birthday. If there are Joint Annuitants, the Annuity Date will be based on the younger Annuxxxxx'x xirthday, unless otherwise required by law. If this is a Qualified Contract and you did not choose an Annuity Date, your Annuity Date is April 1 of the calendar year following your Annuitant's 70-1/2th birthday; if there are Joint Annuitants, the Annuity Date will be based on the birthday of the Annuitant who is the Qualified Plan participant. If the Annuitant has attained age 70-1/2 when the Contract is issued, the Annuity Date is April 1 of the calendar year following the first Contract Anniversary. If you do not elect an Annuity Option, your Net Contract Value, less any applicable charge for premium taxes and/or other taxes, when converted, will, subject to our minimum requirements, be converted as follows: o the net amount from your Fixed Option Value will be converted to a fixed annuity and held in our General Account, and o the net amount from your Variable Account Value will be applied to a variable annuity and applied to the Subaccounts in proportion to your Account Value in each Subaccount on the Annuity Date. If this is a Non-Qualified Contract, or a Qualified Contract and you are not married, your Annuity Option will be Life with 10 Year Period Certain. If this is a Qualified Contract and you are married, your Annuity Option will be Joint and Survivor Life, with survivor payments of 50%, and your spouse will automatically be named as the secondary Annuitant. If you do not elect your frequency of payments, we will make payments based on our most frequent schedule that results in an initial annuity payment of at least $250. AMOUNT OF PAYMENTS - The first annuity payment amount depends on the form of annuity, the payment frequency you select, and whether you select a fixed annuity and/or a variable annuity. If you do not choose the Period Certain Only Option, the amount will depend on the Age of the Annuitant(s), the Annuity Date, and the sex of the Annuitant(s), unless unisex factors apply.

Default Annuity Date and Options. If this is you have a Non-Qualified Contract and you did do not choose an Annuity Date when you submitted submit your application for this Contractapplication, your Annuity Date is the will be your Annuitant's ’s 95th birthday or your younger Joint Annuitant’s 95th birthday, whichever applies. If there are Joint Annuitants, the Annuity Date will be based on the younger Annuxxxxx'x xirthday, unless otherwise required by law. If this is you have a Qualified Contract and you did do not choose an Annuity DateDate when you submit your application, your Annuity Date is April 1 of the calendar year following will be your Annuitant's 70-1/2th ’s 95th birthday; if there are Joint Annuitants. However, the some states’ laws or federal laws may require a different Annuity Date will be based on the birthday of the Annuitant who is the Date. Certain Qualified Plan participant. If the Annuitant has attained age 70-1/2 when the Contract is issued, the Annuity Date is April 1 of the calendar year following the first Contract AnniversaryContracts may require distributions to occur at an earlier age. If you have not specified an Annuity Option or do not elect an instruct us otherwise, at your Annuity Option, Date your Net Contract Value, less any applicable charge charges for premium taxes and/or other taxes, when converted, will, subject to our minimum requirements, will be converted as follows: o the annuitized (if this net amount from your Fixed Option Value will be converted to a fixed annuity is at least the Minimum Annuitization Amount as shown in the Contract Specifications) and held in our General Account, and o the net amount from your Variable Account Value will be applied to converted into a variable annuity and applied (with variable dollar payments) directed to the Subaccounts in proportion Subaccount proportionate to your Account Value in each Subaccount on the Annuity Dateeach. Additionally: · If this is you have a Non-Qualified Contract, or a Qualified Contract and you are not married, your default Annuity Option will be Life with 10 Year a ten year Period Certain. · If this is you have a Qualified Contract and Contract, your default Annuity Option will be Life with a five year Period Certain or a shorter period certain as may be required by federal regulation. If you are married, different requirements may apply. Please contact your Annuity Option plan administrator for further information, if applicable. · If the net amount is less than the Minimum Annuitization Amount as shown in the Contract Specifications, the entire amount will be Joint distributed in one lump sum. Application of Contract Value — Prior to the Annuity Date, you may elect to convert all or part of the Net Contract Value less any charge for premium taxes and/or other taxes, to any currently offered Annuity Option. The aggregate net amount you convert must be no less than the Minimum Annuitization Amount shown in the Contract Specifications; otherwise, we reserve the right to terminate this Contract and Survivor Lifepay a single amount equal to the withdrawal proceeds as determined under the Full Withdrawal provision. You may elect to have annuity payments made monthly, with survivor payments quarterly, semiannually, or annually. Regardless of 50%, and your spouse will automatically be named as the secondary Annuitant. If you do not elect your frequency of payments, we will make the Minimum Annuity Payment that you may elect to receive is shown in the Contract Specifications. We reserve the right to reduce the frequency of payments based on our most frequent schedule that results in an or the period certain if the initial annuity payment is less than the Minimum Annuity Payment shown in the Contract Specifications. We reserve the right to pay the amount in a lump sum withdrawal if no annuity benefit equals or exceeds the Minimum Annuity Payment as shown in the Contract Specifications. Subject to the Withdrawal Provisions, you may also elect a full withdrawal in lieu of annuity payments under an Annuity Option. If you convert only a portion of the Net Contract Value on the Annuity Date, you may, at least $250that time, elect not to have the remainder of the Net Contract Value distributed, but instead to continue the Contract with that remaining Contract Value. AMOUNT OF PAYMENTS - This option may or may not be available, or may be available only for certain types of Contracts. If this option is available and you elect it, you would choose a second Annuity Date for such Contract Value. All references in this Contract to the Annuity Start Date (or Annuity Date) would, with regard to such Contract Value, be deemed to refer to that second Annuity Date. The second Annuity Date may not be after the Annuitant’s 95th birthday. You should consult with your tax adviser for more information if you desire this option. Your Selections — Prior to the Annuity Date, you may make three selections about the annuity payments. First, you may choose whether you want those payments to be a fixed-dollar amount or a variable-dollar amount, or both. Second, you may choose the form of annuity payments (Annuity Option). Third, you may choose to have annuity payments made monthly, quarterly, semiannually, or annually. The first annuity payment amount depends will be sent on the form of annuity, day following the Annuity Date and must be no less than the Minimum Annuity Payment shown in the Contract Specifications. We may reduce the payment frequency if the first annuity payment is less than the Minimum Annuity Payment shown in the Contract Specifications. If you selectelect annuity payments for a Period Certain Only, and whether you select we also reserve the right to reduce the Period Certain to meet the Minimum Annuity Payment as shown in the Contract Specifications. Once annuity payments begin, no changes can be made to either the Annuity Option or the basis on which such payments are made (a fixed annuity and/or a basis or variable annuity. If you do not choose the Period Certain Only Option, the amount will depend on the Age of the Annuitant(sannuity basis), the Annuity Date, no additional purchase payments will be accepted and the sex of the Annuitant(s), unless unisex factors applyno withdrawals will be allowed.

Default Annuity Date and Options. If this is a Non-Qualified Contract and you did not choose an Annuity Date when you submitted your application for this Contract, your Annuity Date is the Annuitant's 95th birthday. If there are Joint Annuitants, the Annuity Date will be based on the younger Annuxxxxx'x xirthdayXxxxxxxxx's birthday, unless otherwise required by law. If this is a Qualified Contract and you did not choose an Annuity Date, your Annuity Date is April 1 of the calendar year following your Annuitant's 70-1/2th birthday; if there are Joint Annuitants, the Annuity Date will be based on the birthday of the Annuitant who is the Qualified Plan participant. If the Annuitant has attained age 70-1/2 when the Contract is issued, the Annuity Date is April 1 of the calendar year following the first Contract Anniversary. If you do not elect an Annuity Option, your Net Contract Value, less and any applicable charge for premium taxes and/or other taxes, when converted, will, subject to our minimum requirements, be converted as follows: o -- the net amount from your Fixed Option Value or DCA Plus Fixed Option will be converted to a fixed annuity and held in our General Account, and o -- the net amount from your Variable Account Value will be applied to a variable annuity and applied to the Subaccounts in proportion to your Account Value in each Subaccount on the Annuity Date. If this is a Non-Qualified Contract, or a Qualified Contract and you are not married, your Annuity Option will be Life with 10 Year Period Certain. If this is a Qualified Contract and you are married, your Annuity Option will be Joint and Survivor Life, with survivor payments of 50%, and your spouse will automatically be named as the secondary Annuitant. If you do not elect your frequency of payments, we will make payments based on our most frequent schedule that results in an initial annuity payment of at least $250. AMOUNT OF PAYMENTS - -- The first annuity payment amount depends on the form of annuity, the payment frequency you select, and whether you select a fixed annuity and/or a variable annuity. If you do not choose the Period Certain Only Option, the amount will depend on the Age of the Annuitant(s), the Annuity Date, and the sex of the Annuitant(s), unless unisex factors apply.

Default Annuity Date and Options. If this is a Non-Qualified Contract and you did not choose an Annuity Date when you submitted your application for this Contract, your Annuity Date is the Annuitant's 95th 100th birthday. If there are Joint Annuitants, the Annuity Date will be based on the younger Annuxxxxx'x xirthdayXxxxxxxxx's birthday, unless otherwise required by law. If this is a Qualified Contract and you did not choose an Annuity Date, your Annuity Date is April 1 of the calendar year following your Annuitant's 70-70 1/2th birthday; if there are Joint Annuitants, the Annuity Date will be based on the birthday of the Annuitant who is the Qualified Plan participant. If the Annuitant has attained age 70-1/2 reached his or her 70 1/2th birthday when the Contract is issued, the Annuity Date is April 1 of the calendar year following the first Contract Anniversary. If you do not elect an Annuity Option, your Net Contract Value, less any applicable charge Contract Debt, and any charges for premium taxes and/or other taxes, when converted, willwill be converted as follows, subject to our minimum requirements, be converted as follows: o (1) the net amount from your Fixed Option Value will be converted applied to a fixed annuity and held in our General Account, ; and o (2) the net amount from your Variable Account Value will be applied to a variable annuity and applied to the Subaccounts in proportion to your Account Value in each Subaccount on the Annuity Date. If this is a Non-Non- Qualified Contract, or a Qualified Contract and you are the Annuitant is not married, your Annuity Option will be Life with 10 Year Period CertainCertain Only for five years. If this is a Qualified Contract and you are the Annuitant is married, your Annuity Option will be Joint and Survivor Life, with survivor payments of 50%, and your the Annuitant's spouse will automatically be named as the secondary Annuitant. If you do not elect your frequency of payments, we will make payments based on our most frequent schedule that results in an initial annuity payment of at least $250. AMOUNT OF PAYMENTS - The first annuity payment amount depends on the form of annuity, the payment frequency you select, and whether you select a fixed annuity and/or a variable annuity. If you do not choose the Period Certain Only Option, the amount will depend on the Age of the Annuitant(s), the Annuity Date, and the sex of the Annuitant(s), unless unisex factors apply.

Default Annuity Date and Options. If this is a Non-Qualified Contract and you did not choose an Annuity Date when you submitted your application for this Contract, your Annuity Date is the Annuitant's 95th 95/th/ birthday. If there are Joint Annuitants, the Annuity Date will be based on the younger Annuxxxxx'x xirthdayAnnuitant's birthday, unless otherwise required by law. If this is a Qualified Contract and you did not choose an Annuity Date, your Annuity Date is April 1 of the calendar year following your Annuitant's 70-1/2th birthday; if there are Joint Annuitants, the Annuity Date will be based on the birthday of the Annuitant who is the Qualified Plan participant. If the Annuitant has attained age 70-1/2 when the Contract is issued, the Annuity Date is April 1 of the calendar year following the first Contract Anniversary. If you do not elect an Annuity Option, your Net Contract Value, less any applicable MVA, and any charge for premium taxes and/or other taxes, when converted, will, subject to our minimum requirements, be converted as follows: o . the net amount from your Fixed Option Value and your GIO Value will be converted to a fixed annuity and held in our General Account, and o . the net amount from your Variable Account Value will be applied to a variable annuity and applied to the Subaccounts in proportion to your Account Value in each Subaccount on the Annuity Date. If this is a Non-Qualified Contract, or a Qualified Contract and you are not married, your Annuity Option will be Life with 10 Year Period Certain. If this is a Qualified Contract and you are married, your Annuity Option will be Joint and Survivor Life, with survivor payments of 50%, and your spouse will automatically be named as the secondary Annuitant. If you do not elect your frequency of payments, we will make payments based on our most frequent schedule that results in an initial annuity payment of at least $250. AMOUNT OF PAYMENTS - The first annuity payment amount depends on the form of annuity, the payment frequency you select, and whether you select a fixed annuity and/or a variable annuity. If you do not choose the Period Certain Only Option, the amount will depend on the Age of the Annuitant(s), the Annuity Date, and the sex of the Annuitant(s), unless unisex factors apply.

Default Annuity Date and Options. If this is a Non-Qualified Contract and you did not choose an Annuity Date when you submitted your application for this Contract, your Annuity Date is the Annuitant's 95th 100th birthday. If there are Joint Annuitants, the Annuity Date will be based on the younger Annuxxxxx'x xirthdayAnnuitant's birthday, unless otherwise required by law. If this is a Qualified Contract and you did not choose an Annuity Date, your Annuity Date is April 1 of the calendar year following your Annuitant's 70-70 1/2th birthday; if there are Joint Annuitants, the Annuity Date will be based on the birthday of the Annuitant who is the Qualified Plan participant. If the Annuitant has attained age 70-1/2 reached his or her 70 1/2th birthday when the Contract is issued, the Annuity Date is April 1 of the calendar year following the first Contract Anniversary. If you do not elect an Annuity Option, your Net Contract Value, less any applicable charge Contract Debt, and any charges for premium taxes and/or and or other taxes, when converted, willwill be converted as follows, subject to our minimum requirements, be converted as follows: o (1) the net amount from your Fixed Option Value will be converted applied to a fixed annuity and held in our General Account, ; and o (2) the net amount from your Variable Account Value will be applied to a variable annuity and applied to the Subaccounts in proportion to your Account Value in each Subaccount on the Annuity Date. If this is a Non-Qualified Contract, or a Qualified Contract and you are the Annuitant is not married, your Annuity Option will be Life with 10 Year Period CertainCertain Only for five years. If this is a Qualified Contract and you are the Annuitant is married, your Annuity Option will be Joint and Survivor Life, with survivor payments of 50%, and your the Annuitant's spouse will automatically be named as the secondary Annuitant. If you do not elect your frequency of payments, we will make payments based on our most frequent schedule that results in an initial annuity payment of at least $250. AMOUNT OF PAYMENTS - Amount of Payments -- We use the Annuity Option Tables at the end of the Contract to determine the amount of the first annuity payment, based on your net amount from your Contract Value applied to the Annuity Option on the Annuity Date and your selections. The first annuity payment amount depends on the form of annuity, the payment frequency you select, and whether you select a fixed annuity and/or and or a variable annuity. If you do not choose the Period Certain Only Option, the this amount will depend also depends on the Age age of the Annuitant(s), ) on the Annuity Date, Date and the sex of the Annuitant(s), unless unisex factors rates apply.

Default Annuity Date and Options. If this is a Non-Qualified Contract and you did not choose an Annuity Date when you submitted your application for this Contract, your Annuity Date is the Annuitant's 95th birthday. If there are Joint Annuitants, the Annuity Date will be based on the younger Annuxxxxx'x xirthdayXxxxxxxxx's birthday, unless otherwise required by law. If this is a Qualified Contract and you did not choose an Annuity Date, your Annuity Date is April 1 of the calendar year following your Annuitant's 70-1/2th birthday; if there are Joint Annuitants, the Annuity Date will be based on the birthday of the Annuitant who is the Qualified Plan participant. If the Annuitant has attained age 70-1/2 when the Contract is issued, the Annuity Date is April 1 of the calendar year following the first Contract Anniversary. If you do not elect an Annuity Option, your Net Contract Value, less and any applicable charge for premium taxes and/or other taxes, when converted, will, subject to our minimum requirements, be converted as follows: o . the net amount from your Fixed Option Value will be converted to a fixed annuity and held in our General Account, and o . the net amount from your Variable Account Value will be applied to a variable annuity and applied to the Subaccounts in proportion to your Account Value in each Subaccount on the Annuity Date. If this is a Non-Qualified Contract, or a Qualified Contract and you are not married, your Annuity Option will be Life with 10 Year Period Certain. If this is a Qualified Contract and you are married, your Annuity Option will be Joint and Survivor Life, with survivor payments of 50%, and your spouse will automatically be named as the secondary Annuitant. If you do not elect your frequency of payments, we will make payments based on our most frequent schedule that results in an initial annuity payment of at least $250. AMOUNT OF PAYMENTS - The first annuity payment amount depends on the form of annuity, the payment frequency you select, and whether you select a fixed annuity and/or a variable annuity. If you do not choose the Period Certain Only Option, the amount will depend on the Age of the Annuitant(s), the Annuity Date, and the sex of the Annuitant(s), unless unisex factors apply.

Default Annuity Date and Options. If this is you have a Non-Qualified Contract and you did do not choose an Annuity Date when you submitted submit your application for this Contractapplication, your Annuity Date is the will be your Annuitant's ’s 95th birthday or your younger Joint Annuitant’s 95th birthday, whichever applies. If there are Joint Annuitants, the Annuity Date will be based on the younger Annuxxxxx'x xirthday, unless otherwise required by law. If this is you have a Qualified Contract and you did do not choose an Annuity DateDate when you submit your application, your Annuity Date is April 1 of the calendar year following will be your Annuitant's 70-1/2th ’s 95th birthday; if there are Joint Annuitants, the . However some states’ laws or federal laws may require a different Annuity Date will be based on the birthday of the Annuitant who is the Date. Certain Qualified Plan participant. If the Annuitant has attained age 70-1/2 when the Contract is issued, the Annuity Date is April 1 of the calendar year following the first Contract AnniversaryContracts may require distributions to occur at an earlier age. If you have not specified an Annuity Option or do not elect an instruct us otherwise, at your Annuity Option, Date your Net Contract Value, less any applicable charge charges for premium taxes and/or other taxes, when converted, will, subject to our minimum requirements, will be converted as follows: o the annuitized (if this net amount from your Fixed Option Value will be converted to a fixed annuity is at least the Minimum Annuitization Amount shown in the Contract Specifications) and held in our General Account, and o the net amount from your Variable Account Value will be applied to converted into a variable annuity and applied (with variable dollar payments) directed to the Subaccounts in proportion Subaccount proportionate to your Account Value in each Subaccount on the Annuity Dateeach. Additionally: · If this is you have a Non-Qualified Contract, or a Qualified Contract and you are not married, your default Annuity Option will be Life with 10 Year a ten year Period Certain. · If this is you have a Qualified Contract and Contract, your default Annuity Option will be Life with a five year Period Certain or a shorter period certain as may be required by federal regulation. If you are married, different requirements may apply. Please contact your Annuity Option plan administrator for further information, if applicable. · If the net amount is less than the Minimum Annuitization Amount shown in the Contract Specifications, the entire amount will be Joint distributed in one lump sum. Application of Contract Value — Prior to the Annuity Date, you may elect to convert all or part of the Net Contract Value less any charge for premium taxes and/or other taxes, to any currently offered Annuity Option. The aggregate net amount you convert must be no less than the Minimum Annuitization Amount shown in the Contract Specifications; otherwise, we reserve the right to terminate this Contract and Survivor Lifepay a single amount equal to the withdrawal proceeds as determined under the Full Withdrawal provision. You may elect to have annuity payments made monthly, with survivor payments quarterly, semiannually, or annually. Regardless of 50%, and your spouse will automatically be named as the secondary Annuitant. If you do not elect your frequency of payments, we will make the Minimum Annuity Payment that you may elect to receive is shown in the Contract Specifications. We reserve the right to reduce the frequency of payments based on our most frequent schedule that results in an or the period certain if the initial annuity payment is less than the Minimum Annuity Payment shown in the Contract Specifications. We reserve the right to pay the amount in a lump sum withdrawal if no annuity benefit equals or exceeds the Minimum Annuity Payment as shown in the Contract Specifications. Subject to the Withdrawal Provisions, you may also elect a full withdrawal in lieu of annuity payments under an Annuity Option. If you convert only a portion of the Net Contract Value on the Annuity Date, you may, at least $250that time, elect not to have the remainder of the Net Contract Value distributed, but instead to continue the Contract with that remaining Contract Value. AMOUNT OF PAYMENTS - This option may or may not be available, or may be available only for certain types of Contracts. If this option is available and you elect it, you would choose a second Annuity Date for such Contract Value. All references in this Contract to the Annuity Start Date (or Annuity Date) would, with regard to such Contract Value, be deemed to refer to that second Annuity Date. The second Annuity Date may not be after the Annuitant’s 95th birthday. You should consult with your tax adviser for more information if you desire this option. Your Selections — Prior to the Annuity Date, you may make three selections about the annuity payments. First, you may choose whether you want those payments to be a fixed-dollar amount or a variable-dollar amount, or both. Second, you may choose the form of annuity payments (Annuity Option). Third, you may choose to have annuity payments made monthly, quarterly, semiannually, or annually. The first annuity payment amount depends will be sent on the form of annuity, day following the Annuity Date and must be no less than the Minimum Annuity Payment shown in the Contract Specifications. We may reduce the payment frequency if the first annuity payment is less than the Minimum Annuity Payment amount shown in the Contract Specifications. If you selectelect annuity payments for a Period Certain Only, and whether you select we also reserve the right to reduce the Period Certain to meet the Minimum Annuity Payment as shown in the Contract Specifications. Once annuity payments begin, no changes can be made to either the Annuity Option or the basis on which such payments are made (a fixed annuity and/or a basis or variable annuity. If you do not choose the Period Certain Only Option, the amount will depend on the Age of the Annuitant(sannuity basis), the Annuity Date, no additional purchase payments will be accepted and the sex of the Annuitant(s), unless unisex factors applyno withdrawals will be allowed.

Default Annuity Date and Options. If this is you have a Non-Qualified Contract and you did do not choose an Annuity Date when you submitted submit your application for this Contractapplication, your Annuity Date is the will be your Annuitant's ’s 95th birthday or your younger Joint Annuitant’s 95th birthday, whichever applies. If there are Joint Annuitants, the Annuity Date will be based on the younger Annuxxxxx'x xirthday, unless otherwise required by law. If this is you have a Qualified Contract and you did do not choose an Annuity DateDate when you submit your application, your Annuity Date is April 1 of the calendar year following will be your Annuitant's 70-1/2th ’s 95th birthday; if there are Joint Annuitants, the . However some states’ laws or federal laws may require a different Annuity Date will be based on the birthday of the Annuitant who is the Date. Certain Qualified Plan participant. If the Annuitant has attained age 70-1/2 when the Contract is issued, the Annuity Date is April 1 of the calendar year following the first Contract AnniversaryContracts may require distributions to occur at an earlier age. If you have not specified an Annuity Option or do not elect an instruct us otherwise, at your Annuity Option, Date your Net Contract Value, less any applicable charge charges for premium taxes and/or other taxes, when converted, will, subject to our minimum requirements, will be converted as follows: o the annuitized (if this net amount from your Fixed Option Value will be converted to a fixed annuity is at least the Minimum Annuitization Amount as shown in the Contract Specifications) and held in our General Account, and o the net amount from your Variable Account Value will be applied to converted into a variable annuity and applied (with variable dollar payments) directed to the Subaccounts in proportion Subaccount proportionate to your Account Value in each Subaccount on the Annuity Dateeach. Additionally: · If this is you have a Non-Qualified Contract, or a Qualified Contract and you are not married, your default Annuity Option will be Life with 10 Year a ten year Period Certain. · If this is you have a Qualified Contract and Contract, your default Annuity Option will be Life with a five year Period Certain or a shorter period certain as may be required by federal regulation. If you are married, different requirements may apply. Please contact your Annuity Option plan administrator for further information, if applicable. · If the net amount is less than the Minimum Annuitization Amount as shown in the Contract Specifications, the entire amount will be Joint distributed in one lump sum. Application of Contract Value — Prior to the Annuity Date, you may elect to convert all or part of the Net Contract Value less any charge for premium taxes and/or other taxes, to any currently offered Annuity Option. The aggregate net amount you convert must be no less than the Minimum Annuitization Amount shown in the Contract Specifications; otherwise, we reserve the right to terminate this Contract and Survivor Lifepay a single amount equal to the withdrawal proceeds as determined under the Full Withdrawal provision. You may elect to have annuity payments made monthly, with survivor payments quarterly, semiannually, or annually. Regardless of 50%, and your spouse will automatically be named as the secondary Annuitant. If you do not elect your frequency of payments, we will make the minimum annuity payment that you may elect to receive is shown in the Contract Specifications. We reserve the right to reduce the frequency of payments based on our most frequent schedule that results in an or the period certain if the initial annuity payment is less than the Minimum Annuity Payment shown in the Contract Specifications. We reserve the right to pay the amount in a lump sum withdrawal if no annuity benefit equals or exceeds the Minimum Annuity Payment as shown in the Contract Specifications. Subject to the Withdrawal Provisions, you may also elect a full withdrawal in lieu of annuity payments under an Annuity Option. If you convert only a portion of the Net Contract Value on the Annuity Date, you may, at least $250that time, elect not to have the remainder of the Net Contract Value distributed, but instead to continue the Contract with that remaining Contract Value. AMOUNT OF PAYMENTS - This option may or may not be available, or may be available only for certain types of Contracts. If this option is available and you elect it, you would choose a second Annuity Date for such Contract Value. All references in this Contract to the Annuity Start Date (or Annuity Date) would, with regard to such Contract Value, be deemed to refer to that second Annuity Date. The second Annuity Date may not be after the Annuitant’s 95th birthday. You should consult with your tax adviser for more information if you desire this option. Your Selections — Prior to the Annuity Date, you may make three selections about the annuity payments. First, you may choose whether you want those payments to be a fixed-dollar amount or a variable-dollar amount, or both. Second, you may choose the form of annuity payments (Annuity Option). Third, you may choose to have annuity payments made monthly, quarterly, semiannually, or annually. The first annuity payment amount depends will be sent on the form of annuity, day following the Annuity Date and must be no less than the Minimum Annuity Payment shown in the Contract Specifications. We may reduce the payment frequency if the first annuity payment is less than the Minimum Annuity Payment shown in the Contract Specifications. If you selectelect annuity payments for a Period Certain Only, and whether you select we also reserve the right to reduce the Period Certain to meet the Minimum Annuity Payment as shown in the Contract Specifications. Once annuity payments begin, no changes can be made to either the Annuity Option or the basis on which such payments are made (a fixed annuity and/or a basis or variable annuity. If you do not choose the Period Certain Only Option, the amount will depend on the Age of the Annuitant(sannuity basis), the Annuity Date, no additional purchase payments will be accepted and the sex of the Annuitant(s), unless unisex factors applyno withdrawals will be allowed.