Common use of Designation of Annuitant Clause in Contracts

Designation of Annuitant. The Certificate Holder and the Annuitant need not be the same person. The Certificate Holder names the Annuitant and during the Accumulation Period, may change the designated Annuitant. We change the Annuitant when We receive a written request in good order at our Home Office. We will not change the Annuitant when Annuity payments have commenced. The Certificate Holder elects an Annuity Option by telling Us to use all or any portion of the Certificate Holder's Adjusted Account Value (minus any applicable premium taxes if not previously deducted) to purchase Annuity payments under an Annuity Option. When an Annuity Option is chosen the Certificate Holder must designate a: (a) Fixed Annuity using the General Account; (b) Variable Annuity using any of the Funds available during the Annuity Period; or (c) Combination of (a) and (b). If a fixed Annuity is chosen, We will calculate the amount using an interest assumption no less than the percentage specified on the Contract Schedule. We may calculate the amount using a higher interest rate. If a variable Annuity is chosen, an Assumed Annual Net Return Rate of 5% may be chosen. If not chosen, We will use an Assumed Annual Net Return Rate of 3.5%. Payments are made on a monthly basis to the Certificate Holder unless the Certificate Holder requests a different mode of payment. Once elected, an Annuity Option may not be revoked, except for Option 1 when elected on a variable basis.

Designation of Annuitant. The Certificate Contract Holder and the Annuitant need not be the same person. The Certificate Contract Holder names the Annuitant and during the Accumulation Period, may change the designated Annuitant. We change the Annuitant when We receive a written request in good order at our Home Office. We will not change the Annuitant when Annuity payments have commenced. The Certificate Contract Holder elects an Annuity Option by telling Us to use all or any portion of the Certificate Holder's Adjusted Account Contract Value (minus any applicable premium taxes if not previously deducted) to purchase Annuity payments under an Annuity Option. When an Annuity Option is chosen the Certificate Contract Holder must designate a: (a) Fixed Annuity using the General Account; ; (b) Variable Annuity using any of the Funds available during the Annuity Period; or or (c) Combination of (a) and (b). If a fixed Annuity is chosen, We will calculate the amount using an interest assumption no less than the percentage specified on the Contract Schedule. We may calculate the amount using a higher interest rate. If a variable Annuity is chosen, an Assumed Annual Net Return Rate of 5% may be chosen. If not chosen, We will use an Assumed Annual Net Return Rate of 3.5%. Payments are made on a monthly basis to the Certificate Contract Holder unless the Certificate Contract Holder requests a different mode of payment. Once elected, an Annuity Option may not be revoked, except for Option 1 when elected on a variable basis.

Designation of Annuitant. The Certificate Holder and the Annuitant need not be the same person. The Certificate Holder names the Annuitant and during the Accumulation Period, may change the designated Annuitant. We change the Annuitant when We receive a written request in good order at our Home Office. We will not change the Annuitant when Annuity payments have commenced. The Certificate Holder elects an Annuity Option by telling Us to use all or any portion of the Certificate Holder's Adjusted Account Value (minus any applicable premium taxes if not previously deducted) to purchase Annuity payments under an Annuity Option. When an Annuity Option is chosen the Certificate Holder must designate a:: xxxxx://xxx.xxx.xxx/Archives/xxxxx/data/925981/0000950146-98-000663.txt 03/26/2018 (a) Fixed Annuity using the General Account; ; (b) Variable Annuity using any of the Funds available during the Annuity Period; or or (c) Combination of (a) and (b). If a fixed Annuity is chosen, We will calculate the amount using an interest assumption no less than the percentage specified on the Contract Schedule. We may calculate the amount using a higher interest rate. If a variable Annuity is chosen, an Assumed Annual Net Return Rate of 5% may be chosen. If not chosen, We will use an Assumed Annual Net Return Rate of 3.5%. Payments are made on a monthly basis to the Certificate Holder unless the Certificate Holder requests a different mode of payment. Once elected, an Annuity Option may not be revoked, except for Option 1 when elected on a variable basis.

Designation of Annuitant. The Certificate Holder and the Annuitant need not be the same person. The Certificate Holder names the Annuitant and during the Accumulation Period, may change the designated Annuitant. We change the Annuitant when We receive a written request in good order at our Home Office. We will not change the Annuitant when Annuity payments have commenced. The Certificate Holder elects an Annuity Option by telling Us to use all or any portion of the Certificate Holder's Adjusted Account Value (minus any applicable premium taxes if not previously deducted) to purchase Annuity payments under an Annuity Option. When an Annuity Option is chosen the Certificate Holder must designate a: (a) Fixed Annuity using the General Account; ; (b) Variable Annuity using any of the Funds available during the Annuity Period; or or (c) Combination of (a) and (b). If a fixed Annuity is chosen, We will calculate the amount using an interest assumption no less than the percentage specified on the Contract Schedule. We may calculate the amount using a higher interest rate. If a variable Annuity is chosen, an Assumed Annual Net Return Rate of 5% may be chosen. If not chosen, We will use an Assumed Annual Net Return Rate of 3.5%. Payments are made on a monthly basis to the Certificate Holder unless the Certificate Holder requests a different mode of payment. Once elected, an Annuity Option may not be revoked, except for Option 1 when elected on a variable basis.

Designation of Annuitant. The Certificate Holder and the Annuitant need not be the same person. The Certificate Holder names the Annuitant and during the Accumulation Period, may change the designated Annuitant. We change the Annuitant when We receive a written request in good order at our Home Office. We will not change the Annuitant when Annuity payments have commenced. The Certificate Holder elects an Annuity Option by telling Us to use all or any portion of the Certificate Holder's Adjusted Account Value (minus any applicable premium taxes if not previously deducted) to purchase Annuity payments under an Annuity Option. When an Annuity Option is chosen the Certificate Holder must designate a: (a) Fixed Annuity using the General Account; ; (b) Variable Annuity using any of the Funds available during the Annuity Period; or or (c) Combination of (a) and (b). If a fixed Annuity is chosen, We will calculate the amount using an interest assumption no less than the percentage specified on the Contract Schedule. We may calculate the amount using a higher interest rate. If a variable Annuity is chosen, an Assumed Annual Net Return Rate of 5% may be chosen. If not chosen, We will use an Assumed Annual Net Return Rate of 3.5%. % Payments are made on a monthly basis to the Certificate Holder unless the Certificate Holder requests a different mode of payment. Once elected, an Annuity Option may not be revoked, except for Option 1 when elected on a variable basis.