Common use of FIXED ACCOUNT OPTIONS Clause in Contracts

FIXED ACCOUNT OPTIONS. The Fixed Account options are the Dollar Cost Averaging Fixed Account and the Sub-accounts of the Guaranteed Maturity Fixed Account. DOLLAR COST AVERAGING FIXED ACCOUNT. Money in the Dollar Cost Averaging Fixed Account will earn interest for one year at the current rate in effect at the time of allocation to the Dollar Cost Averaging Fixed Account. After one year, a one year renewal rate will be declared. Subsequent renewal dates will be on anniversaries of the first renewal date. GUARANTEED MATURITY FIXED ACCOUNT. The Guaranteed Maturity Fixed Account is divided into Sub-accounts. A Sub-account is identified by its Guarantee Period and the date the Guarantee Period begins. You create a Sub-account when: - you make a purchase payment and allocate part or all of that purchase payment to the Sub-account; or - you select a new Guarantee Period when a Sub-account expires; or - you transfer to the Sub-account an amount from an existing Sub- account of the Variable Account or from another Sub-account of the Guaranteed Maturity Fixed Account. A Sub-account continues until the end of its Guarantee Period. You must select a Guarantee Period for all purchase payments and transfers allocated to a Sub-account of the Guaranteed Maturity Fixed Account. If you do not select a Guarantee Period for a purchase payment or transfer, we will assign the same period(s) you selected for your most recent purchase payment. Guarantee Periods are offered at our discretion and may range from one to ten years. We may change the Guarantee Periods available for future purchase payments or transfers allocated to the Guaranteed Maturity Fixed Account. We will mail you a notice prior to the expiration of the Guarantee Period of each Sub-account outlining the options available at the end of the Guarantee Period. During the 30 day period after a Guarantee Period expires you may: - take no action and we will automatically renew the Sub-account value to a Guarantee Period of the same duration to be established as of the day the previous Guarantee Period expired; or - notify us to apply the Sub-account value to a new Guarantee Period(s) to be established as of the day the previous Guarantee Period expired; or - notify us to apply the Sub-account value to any Sub-account of the Variable Account on the day we receive the notification; or - receive the entire Sub-account value through a partial or full withdrawal that is not subject to a Market Value Adjustment. In this case, the Sub-account will be deemed to have been renewed at the shortest Guarantee Period then being offered with current interest credited from the date the Guarantee Period expired. The minimum amount that can be allocated to a new Sub-account is $50.

FIXED ACCOUNT OPTIONS. The Fixed Account options are the Dollar Cost Averaging Fixed Account and the Sub-accounts of the Guaranteed Maturity Fixed Account. DOLLAR COST AVERAGING FIXED ACCOUNT. Money in the Dollar Cost Averaging Fixed Account will earn interest for one year at the current rate in effect at the time of allocation to the Dollar Cost Averaging Fixed Account. After one year, a one year renewal rate will be declared. Subsequent renewal dates will be on anniversaries of the first renewal date. GUARANTEED MATURITY FIXED ACCOUNT. The Guaranteed Maturity Fixed Account is divided into Sub-accounts. A Sub-account is identified by its Guarantee Period and the date the Guarantee Period begins. You create a Sub-account when: - you make a purchase payment and allocate part or all of that purchase payment to the Sub-account; or - you select a new Guarantee Period when a Sub-account expires; or - you transfer to the Sub-account an amount from an existing Sub- Sub-account of the Variable Account or from another Sub-account of the Guaranteed Maturity Fixed Account. A Sub-account continues until the end of its Guarantee Period. You must select a Guarantee Period for all purchase payments and transfers allocated to a Sub-account of the Guaranteed Maturity Fixed Account. If you do not select a Guarantee Period for a purchase payment or transfer, we will assign the same period(s) you selected for your most recent purchase payment. Guarantee Periods are offered at our discretion and may range from one to ten years. We may change the Guarantee Periods available for future purchase payments or transfers allocated to the Guaranteed Maturity Fixed Account. We will mail you a notice prior to the expiration of the Guarantee Period of each Sub-account outlining the options available at the end of the Guarantee Period. During the 30 day period after a Guarantee Period expires you may: - take no action and we will automatically renew the Sub-Sub- account value to a Guarantee Period of the same duration to be established as of the day the previous Guarantee Period expired; or - notify us to apply the Sub-account value to a new Guarantee Period(s) to be established as of the day the previous Guarantee Period expired; or - notify us to apply the Sub-account value to any Sub-account of the Variable Account on the day we receive the notification; or - receive the entire Sub-account value through a partial or full withdrawal that is not subject to a Market Value Adjustment. In this case, the Sub-account will be deemed to have been renewed at the shortest Guarantee Period then being offered with current interest credited from the date the Guarantee Period expired. The minimum amount that can be allocated to a new Sub-account is $50. CREDITING INTEREST. We credit interest daily to money allocated to the Fixed Account(s) at a rate which compounds over one year to the interest rate we guaranteed when the money was allocated. We will credit interest to the initial purchase payment from the issue date. We will credit interest to subsequent purchase payments from the date we receive them. We will credit interest to transfers from the date the transfer is made. The interest rate for the Dollar Cost Averaging Fixed Account will never be less than the minimum guaranteed rate shown on the Annuity Data Page. TRANSFERS. Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per Contract Year without charge. Each transfer after the 12th transfer in any Contract Year may be assessed a $10 transfer fee. Transfers are subject to the following restrictions. - The minimum amount that may be transferred into a Sub- account of the Guaranteed Maturity Fixed Account is $50. - Any transfer from a Sub-account of the Guaranteed Maturity Fixed Account at a time other than during the 30 day period after a Guarantee Period expires will be subject to a Market Value Adjustment. - At the end of 36 months from the date of a purchase payment allocation to the Dollar Cost Averaging Fixed Account, any remaining portion of the purchase payment and interest in the Dollar Cost Averaging Fixed Account will be transferred to the Variable Account Money Market Sub-account. - No amount may be transferred into the Dollar Cost Averaging Fixed Account. We reserve the right to waive the transfer fees and restrictions contained in this Contract. CONTRACT VALUE. Your "Contract Value" is equal to the sum of: - the number of Accumulation Units you hold in each Sub- account of the Variable Account multiplied by the Accumulation Unit Value for that Sub-account on the most recent Valuation Date; plus - the total value you have in the Dollar Cost Averaging Fixed Account; plus - the sum of Sub-account values in the Guaranteed Maturity Fixed Account.

FIXED ACCOUNT OPTIONS. The Fixed Account options Options are the Short Term Dollar Cost Averaging Fixed Account Account, the Extended Short Term Dollar Cost Averaging Fixed Account, and the Sub-accounts Guarantee Periods of the Guaranteed Maturity Fixed Account. DOLLAR COST AVERAGING FIXED ACCOUNTShort Term Dollar Cost Averaging Fixed Account. Money in the Short Term Dollar Cost Averaging Fixed Account will earn interest for one year at the current annual rate in effect at the time of allocation to the Short Term Dollar Cost Averaging Fixed Account. After one yearEach purchase payment ,Credit Enhancement, and associated interest in the Short Term Dollar Cost Averaging Fixed Account must be transferred to Sub-accounts of the Variable Account according to your current allocation instructions in equal monthly installments within the selected transfer period. You may select a one year renewal rate transfer period of no less than 3 months or more than 6 months. If you discontinue the Dollar Cost Averaging program before the end of the transfer period, the remaining balance in the Short Term Dollar Cost Averaging Fixed Account will be declaredtransferred to the Money Market Variable Sub-Account unless you request a different Investment Alternative. Subsequent renewal dates No amount may be transferred into the Short Term Dollar Cost Averaging Fixed Account. For each purchase payment, the first transfer from the Short Term Dollar Cost Averaging Fixed Account must occur within one month of the date of payment. If we do not receive an allocation instruction from you within one month of the date of payment, the payment plus associated interest and Credit Enhancement will be on anniversaries transferred to the Money Market Variable Sub-Account in equal monthly installments within the selected transfer period. Extended Short Term Dollar Cost Averaging Fixed Account. Money in the Extended Short Term Dollar Cost Averaging Fixed Account will earn interest at the annual rate in effect at the time of allocation to the Extended Short Term Dollar Cost Averaging Fixed Account. Each purchase payment ,Credit Enhancement, and associated interest in the Extended Short Term Dollar Cost Averaging Fixed Account must be transferred to Sub-accounts of the Variable Account according to your current allocation instructions in equal monthly installments within the selected transfer period. You may select a transfer period of no less than 7 months or more than 12 months. If you discontinue the Dollar Cost Averaging program before the end of the transfer period, the remaining balance in the Extended Short Term Dollar Cost Averaging Fixed Account will be transferred to the Money Market Variable Sub-Account unless you request a different Investment Alternative. No amount may be transferred into the Extended Short Term Dollar Cost Averaging Fixed Account. For each purchase payment, the first renewal datetransfer from the Extended Short Term Dollar Cost Averaging Fixed Account must occur within one month of the date of payment. GUARANTEED MATURITY FIXED ACCOUNTIf we do not receive an allocation instruction from you within one month of the date of payment, the payment plus associated interest and Credit Enhancement will be transferred to the Money Market Variable Sub-Account in equal monthly installments within the selected transfer period. Guaranteed Maturity Fixed Account. The Guaranteed Maturity Fixed Account is divided into Sub-accountsGuarantee Periods. A Sub-account Guarantee Period is identified by its Guarantee Period and the date the Guarantee Period beginsbegins and the duration of the Guarantee Period. You create a Sub-account Guarantee Period when: - you make a purchase payment and allocate part or all of that purchase payment to the Sub-accountpayment; or - you select a new Guarantee Period when a Sub-account after the prior Guarantee Period expires; or - you transfer to the Sub-account an amount from an existing Sub- Sub-account of the Variable Account or Account, from another Sub-account Guarantee Period of the Guaranteed Maturity Fixed Account. A Sub-account continues until the end of its Guarantee Period, or from any Fixed Account Options. You must select a the Guarantee Period for all purchase payments and transfers allocated to a Sub-account of the Guaranteed Maturity Fixed Account. If you do not select a Guarantee Period for a purchase payment or transfer, we will assign the same period(s) you selected as used for your the most recent purchase payment. Guarantee Periods are offered at our discretion and may range from one to ten years. We may change the Guarantee Periods available for future purchase payments or transfers allocated to the Guaranteed Maturity Fixed Account. We will mail you a notice prior to the expiration of the each Guarantee Period of each Sub-account outlining the options available at the end of the Guarantee Period. During the 30 day period after a Guarantee Period expires you may: - take no action and we will automatically renew apply the Sub-account Guarantee Period value to a Guarantee Period of the same duration as the Guarantee Period that just expired to be established as of on the day the previous Guarantee Period expired; or - notify us to apply the Sub-account Guarantee Period value to a one or more new Guarantee Period(s) Periods to be established as of on the day the previous Guarantee Period expired; or - notify us to apply the Sub-account Guarantee Period value to any Sub-account of the Variable Account on the day we receive the notification; or - receive a portion of the Guarantee Period value or the entire Sub-account Guarantee Period value through a partial or full withdrawal that is not subject to a Market Value Adjustment; however, a Withdrawal Charge and taxes may apply. In this case, the Sub-account We will be deemed to have been renewed at the shortest Guarantee Period then being offered with current pay interest credited from the date the Guarantee Period expiredexpires until the date of the withdrawal. Crediting Interest. We credit interest daily to money allocated to the Fixed Account Options at rates which compound over one year at the current annualized interest rates when the money was allocated. We will credit interest to the initial purchase payment including Credit Enhancement allocated to any Fixed Account Options from the issue date. We will credit interest to subsequent purchase payments including Credit Enhancement allocated to any Fixed Account Option from the date we receive them. We will credit interest to transfers from the date the transfer is made. The minimum annualized interest rate for the Short Term Dollar Cost Averaging Fixed Account and the Extended Short Term Dollar Cost Averaging Fixed Account will never be less than 3%. Transfers. Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per Contract Year without charge. We reserve the right to charge a transfer fee of up to .50% of the transfer amount that can per transaction on any transfer after the 12th transfer in a Contract Year, but each transfer fee will be no less than $10. Transfers are subject to the following restrictions: - No amount may be transferred into the Short Term Dollar Cost Averaging Fixed Account or the Extended Short Term Dollar Cost Averaging Fixed Account. At the end of the transfer period, any remaining portion of the purchase payment and interest in the Short Term Dollar Cost Averaging Fixed Account or the Extended Short Term Dollar Cost Averaging Fixed Account will be allocated to other Investment Alternatives as set forth in the current Short Term Dollar Cost Averaging Fixed Account or the Extended Short Term Dollar Cost Averaging Fixed Account allocations. - Any transfer from a new Guarantee Period of the Guaranteed Maturity Fixed Account will be subject to a Market Value Adjustment unless the transfer occurs during the 30 day period after the Guarantee Period expires. - We reserve the right to limit the number of transfers among the Variable Sub-accounts in any Contract Year or to refuse any transfer request for an Owner or certain Owners if: - In our sole discretion, we believe that excessive trading by such Owner or Owners or a specific transfer request or group of transfer requests may have a detrimental effect on Unit Values or the share prices of the underlying mutual funds or would be to the disadvantage of other Contract Owners; or - We are informed by one or more of the underlying mutual funds that the purchase or redemption of shares is to be restricted because of excessive trading or a specific transfer or group of transfers is deemed to have a detrimental effect on share prices of affected underlying mutual funds. Such restrictions may be applied in any manner which is reasonably designed to prevent any use of the transfer right which is considered by us to be to the disadvantage of the other Contract Owners. We reserve the right to waive the transfer fees and restrictions contained in this Contract. Contract Value. On the issue date of the Contract, the "Contract Value" is equal to the initial purchase payment plus the Credit Enhancement. After the issue date, the "Contract Value" is equal to the sum of: - the number of Accumulation Units you hold in each Sub-account of the Variable Account multiplied by the Accumulation Unit Value for that Sub-account on the most recent Valuation Date; plus - the total value you have in the Short Term Dollar Cost Averaging Fixed Account and the Extended Short Term Dollar Cost Averaging Fixed Account; plus - the sum of Guarantee Period values in the Guaranteed Maturity Fixed Account. Accumulation Units and Accumulation Unit Value. Amounts which you allocate to a Sub-account of the Variable Account are used to purchase Accumulation Units in that Sub-account. The number of Accumulation Units purchased is $50determined by dividing the amount allocated by the Sub-account's Accumulation Unit Value as of the end of the Valuation Period when the allocation occurs. Accumulation Unit Value is determined Monday through Friday on each day that the New York Stock Exchange is open for business. A Variable Account Accumulation Unit Value is determined for each Sub-account. The Accumulation Unit Value for each Sub-account will vary with the price of a share in the portfolio the Sub-account invests in, and in accordance with the Mortality and expense Risk Charge, Administrative Expense Charge, and any provision for taxes. Assessment of Withdrawal Charges and transfers are done separately for each Contract. They are made by redemption of Accumulation Units and do not affect Accumulation Unit Value. The Accumulation Unit Value for each Sub-account at the end of any Valuation Period is calculated by multiplying the Accumulation Unit Value at the end of the immediately preceding Valuation Period by the Sub-account's Net Investment Factor for the Valuation Period. The Accumulation Unit Values may go up or down. Additions or transfers to a Sub-account of the Variable Account will increase the number of Accumulation Units for that Sub-account. Withdrawals or transfers from a Sub-account of the Variable Account will decrease the number of Accumulation Units for that Sub-account. Valuation Period and Valuation Date. A "Valuation Period" is the time interval between the closing of the New York Stock Exchange on consecutive Valuation Dates. A "Valuation Date" is any date the New York Stock Exchange is open for trading. Net Investment Factor. For each Variable Sub-account, the "Net Investment Factor" for a Valuation Period is equal to: - The sum of: - the net asset value per share of the mutual fund portfolio underlying the sub-account determined at the end of the current Valuation Period, plus - the per share amount of any dividend or capital gain distributions made by the mutual fund portfolio underlying the subaccount during the current Valuation Period.

FIXED ACCOUNT OPTIONS. The Fixed Account options Options are the Short Term Dollar Cost Averaging Fixed Account Account, the Extended Short Term Dollar Cost Averaging Fixed Account, and the Sub-accounts Guarantee Periods of the Guaranteed Maturity Fixed Account. DOLLAR COST AVERAGING FIXED ACCOUNTShort Term Dollar Cost Averaging Fixed Account. Money in the Short Term Dollar Cost Averaging Fixed Account will earn interest for one year at the current annual rate in effect at the time of allocation to the Short Term Dollar Cost Averaging Fixed Account. After one yearEach purchase payment ,Credit Enhancement, and associated interest in the Short Term Dollar Cost Averaging Fixed Account must be transferred to Sub-accounts of the Variable Account according to your current allocation instructions in equal monthly installments within the selected transfer period. You may select a one year renewal rate transfer period of no less than 3 months or more than 6 months. If you discontinue the Dollar Cost Averaging program before the end of the transfer period, the remaining balance in the Short Term Dollar Cost Averaging Fixed Account will be declaredtransferred to the Money Market Variable Sub-Account unless you request a different Investment Alternative. Subsequent renewal dates No amount may be transferred into the Short Term Dollar Cost Averaging Fixed Account. For each purchase payment, the first transfer from the Short Term Dollar Cost Averaging Fixed Account must occur within one month of the date of payment. If we do not receive an allocation instruction from you within one month of the date of payment, the payment plus associated interest and Credit Enhancement will be on anniversaries transferred to the Money Market Variable Sub-Account in equal monthly installments within the selected transfer period. Extended Short Term Dollar Cost Averaging Fixed Account. Money in the Extended Short Term Dollar Cost Averaging Fixed Account will earn interest at the annual rate in effect at the time of allocation to the Extended Short Term Dollar Cost Averaging Fixed Account. Each purchase payment ,Credit Enhancement, and associated interest in the Extended Short Term Dollar Cost Averaging Fixed Account must be transferred to Sub-accounts of the Variable Account according to your current allocation instructions in equal monthly installments within the selected transfer period. You may select a transfer period of no less than 7 months or more than 12 months. If you discontinue the Dollar Cost Averaging program before the end of the transfer period, the remaining balance in the Extended Short Term Dollar Cost Averaging Fixed Account will be transferred to the Money Market Variable Sub-Account unless you request a different Investment Alternative. No amount may be transferred into the Extended Short Term Dollar Cost Averaging Fixed Account. For each purchase payment, the first renewal datetransfer from the Extended Short Term Dollar Cost Averaging Fixed Account must occur within one month of the date of payment. GUARANTEED MATURITY FIXED ACCOUNTIf we do not receive an allocation instruction from you within one month of the date of payment, the payment plus associated interest and Credit Enhancement will be transferred to the Money Market Variable Sub-Account in equal monthly installments within the selected transfer period. Guaranteed Maturity Fixed Account. The Guaranteed Maturity Fixed Account is divided into Sub-accountsGuarantee Periods. A Sub-account Guarantee Period is identified by its Guarantee Period and the date the Guarantee Period beginsbegins and the duration of the Guarantee Period. You create a Sub-account Guarantee Period when: - you make a purchase payment and allocate part or all of that purchase payment to the Sub-accountpayment; or - you select a new Guarantee Period when a Sub-account after the prior Guarantee Period expires; or - you transfer to the Sub-account an amount from an existing Sub- Sub-account of the Variable Account or Account, from another Sub-account Guarantee Period of the Guaranteed Maturity Fixed Account. A Sub-account continues until the end of its Guarantee Period, or from any Fixed Account Options. You must select a the Guarantee Period for all purchase payments and transfers allocated to a Sub-account of the Guaranteed Maturity Fixed Account. If you do not select a Guarantee Period for a purchase payment or transfer, we will assign the same period(s) you selected as used for your the most recent purchase payment. Guarantee Periods are offered at our discretion and may range from one to ten years. We may change the Guarantee Periods available for future purchase payments or transfers allocated to the Guaranteed Maturity Fixed Account. We will mail you a notice prior to the expiration of the each Guarantee Period of each Sub-account outlining the options available at the end of the Guarantee Period. During the 30 day period after a Guarantee Period expires you may: - take no action and we will automatically renew apply the Sub-account Guarantee Period value to a Guarantee Period of the same duration as the Guarantee Period that just expired to be established as of on the day the previous Guarantee Period expired; or - notify us to apply the Sub-account Guarantee Period value to a one or more new Guarantee Period(s) Periods to be established as of on the day the previous Guarantee Period expired; or - notify us to apply the Sub-account Guarantee Period value to any Sub-account of the Variable Account on the day we receive the notification; or - receive a portion of the Guarantee Period value or the entire Sub-account Guarantee Period value through a partial or full withdrawal that is not subject to a Market Value Adjustment; however, a Withdrawal Charge and taxes may apply. In this case, the Sub-account We will be deemed to have been renewed at the shortest Guarantee Period then being offered with current pay interest credited from the date the Guarantee Period expiredexpires until the date of the withdrawal. Crediting Interest. We credit interest daily to money allocated to the Fixed Account Options at rates which compound over one year at the current annualized interest rates when the money was allocated. We will credit interest to the initial purchase payment including Credit Enhancement allocated to any Fixed Account Options from the issue date. We will credit interest to subsequent purchase payments including Credit Enhancement allocated to any Fixed Account Option from the date we receive them. We will credit interest to transfers from the date the transfer is made. The minimum annualized interest rate for the Short Term Dollar Cost Averaging Fixed Account and the Extended Short Term Dollar Cost Averaging Fixed Account will never be less than 3%. Transfers. Prior to the Payout Start Date, you may transfer amounts between Investment Alternatives. You may make 12 transfers per Contract Year without charge. We reserve the right to charge a transfer fee of up to .50% of the transfer amount that can per transaction on any transfer after the 12th transfer in a Contract Year, but each transfer fee will be no less than $10. Transfers are subject to the following restrictions: - No amount may be transferred into the Short Term Dollar Cost Averaging Fixed Account or the Extended Short Term Dollar Cost Averaging Fixed Account. At the end of the transfer period, any remaining portion of the purchase payment and interest in the Short Term Dollar Cost Averaging Fixed Account or the Extended Short Term Dollar Cost Averaging Fixed Account will be allocated to other Investment Alternatives as set forth in the current Short Term Dollar Cost Averaging Fixed Account or the Extended Short Term Dollar Cost Averaging Fixed Account allocations. - Any transfer from a new Guarantee Period of the Guaranteed Maturity Fixed Account will be subject to a Market Value Adjustment unless the transfer occurs during the 30 day period after the Guarantee Period expires. - We reserve the right to limit the number of transfers among the Variable Sub-accounts in any Contract Year or to refuse any transfer request for an Owner or certain Owners if: - In our sole discretion, we believe that excessive trading by such Owner or Owners or a specific transfer request or group of transfer requests may have a detrimental effect on Unit Values or the share prices of the underlying mutual funds or would be to the disadvantage of other Contract Owners; or - We are informed by one or more of the underlying mutual funds that the purchase or redemption of shares is to be restricted because of excessive trading or a specific transfer or group of transfers is deemed to have a detrimental effect on share prices of affected underlying mutual funds. Such restrictions may be applied in any manner which is reasonably designed to prevent any use of the transfer right which is considered by us to be to the disadvantage of the other Contract Owners. We reserve the right to waive the transfer fees and restrictions contained in this Contract. Contract Value. On the issue date of the Contract, the "Contract Value" is equal to the initial purchase payment plus the Credit Enhancement. After the issue date, the "Contract Value" is equal to the sum of: - the number of Accumulation Units you hold in each Sub-account is $50of the Variable Account multiplied by the Accumulation Unit Value for that Sub-account on the most recent Valuation Date; plus - the total value you have in the Short Term Dollar Cost Averaging Fixed Account and the Extended Short Term Dollar Cost Averaging Fixed Account; plus - the sum of Guarantee Period values in the Guaranteed Maturity Fixed Account.