Common use of FIXED INCOME OPTIONS Clause in Contracts

FIXED INCOME OPTIONS. Guaranteed Income Options The fixed income option is determined by multiplying each $1,000 of policy proceeds allocated to a fixed income option by the amounts shown on pages 16 and 17 for the option You select. Options 1 and 3 are based on a guaranteed interest rate of 1.5%. Options 2 and 4 are based on a guaranteed interest rate of 1.5% and the “Annuity 2000” male, female mortality table projected for improvement using projection scale G (50% of the female scale G factors were used, while 100% of the male scale G factors were used). The rates were projected dynamically using an assumed Annuity Commencement date of 2005. The “Annuity 2000” mortality rates are adjusted based on improvements in mortality since 2000 to more appropriately reflect increased longevity. This is accomplished using a set of improvement factors referred to as projection scale G. Option 1 – Income for a Specified Period We will make level payments only for the fixed period You choose. The duration of the payments may not exceed the Annuitants life expectancy, (as defined by the Internal Revenue Code and regulations adopted under that code) nor be for a period of time that is less than 60 months. In the event of the death of the person receiving payments prior to the end of the fixed period elected, payments will be continued to that person’s beneficiary. SECTION 10 – CONTINUED Option 2 – Life Income – You may choose between:

FIXED INCOME OPTIONS. Guaranteed Income Options The fixed income payment option is determined by multiplying each $1,000 of policy proceeds allocated to a fixed income option 1, 2, or 4 by the amounts shown on pages 16 18 and 17 19 for the option You you select. Options Income options 1 and 3 are based on a guaranteed interest rate of 1.5%. Options Income options 2 and 4 are based on a guaranteed interest rate of 1.5% and the “Annuity 2000” male, male and female mortality table projected for improvement using projection scale G (50% of the female scale G factors were used, while 100% of the male scale G factors were used). The rates were projected dynamically using an assumed Annuity Commencement annuity commencement date of 2005. The “Annuity 2000” mortality rates are adjusted based on improvements in mortality since 2000 to more appropriately reflect increased longevity. This is accomplished using a set of improvement factors referred to as projection scale G. Fixed Income Option 1 – 1- Income for a Specified Period We will make level payments only for the fixed period You you choose. The duration of the payments may not exceed the Annuitants annuitant’s life expectancy, (as defined by the Internal Revenue Code and regulations adopted under that code) nor be for a period of time that is less than 60 months. In the event of the death of the person receiving payments prior to the end of the fixed period elected, payments will be continued to that person’s beneficiary. SECTION 10 – - CONTINUED Fixed Income Option 2 – - Life Income – - You may choose between:

FIXED INCOME OPTIONS. Guaranteed Income Options The fixed income option is determined by multiplying each $1,000 of policy proceeds allocated to a fixed income option by the amounts shown on pages 16 and 17 for the option You select. select Options 1 and 3 are based on a guaranteed interest rate of 1.5%. Options 2 and 4 are based on a guaranteed interest rate of 1.5% and the “Annuity 2000” male, female mortality table projected for improvement using projection scale G (50% of the female scale G factors were used, while 100% of the male scale G factors were used). The rates were projected dynamically using an assumed Annuity Commencement date of 2005. The “Annuity 2000” mortality rates are adjusted based on improvements in mortality since 2000 to more appropriately reflect increased longevity. This is accomplished using a set of improvement factors referred to as projection scale G. Option 1 – - Income for a Specified Period We will make level payments only for the fixed period period. You choose. The duration of the payments may not exceed the Annuitants Annuitant’s life expectancy, (as defined by the Internal Revenue Code and regulations adopted under that code) nor be for a period of time that is less than 60 months. In the event of the death of the person receiving payments prior to the end of the fixed period elected, payments will be continued to that person’s beneficiary. AV1397 101 179 1003 Page 13 SB1739 SECTION 10 – CONTINUED Option 2 – Life Income – You may choose between:

FIXED INCOME OPTIONS. Guaranteed Income Options The fixed income payment option is determined by multiplying each $1,000 of policy proceeds allocated to a fixed income option 1, 2, or 4 by the amounts shown on pages 16 18 and 17 19 for the option You you select. Options Income options 1 and 3 are based on a the guaranteed interest rate of 1.5%. Options Income options 2 and 4 are based on a guaranteed interest rate of 1.5% and the “Annuity 2000” male, male and female mortality table projected for improvement using projection scale G (50% of the female scale G factors were used, while 100% of the male scale G factors were used). The rates were projected dynamically using an assumed Annuity Commencement annuity commencement date of 2005. The “Annuity 2000” mortality rates are adjusted based on improvements in mortality since 2000 to more appropriately reflect increased longevity. This is accomplished using a set of improvement factors referred to as projection scale G. Fixed Income Option 1 – - Income for a Specified Period We will make level payments only for the fixed period You you choose. The duration of the payments may not exceed the Annuitants annuitant’s life expectancy, (as defined by the Internal Revenue Code and regulations adopted under that code) nor be for a period of time that is less than 60 months. In the event of the death of the person receiving payments prior to the end of the fixed period elected, payments will be continued to that person’s beneficiary. SECTION 10 – CONTINUED Fixed Income Option 2 – - Life Income – You may choose between:

FIXED INCOME OPTIONS. Guaranteed Income Options The fixed income option is determined by multiplying each $1,000 of policy proceeds allocated to a fixed income option by the amounts shown on pages 16 and 17 for the option You select. select Options 1 and 3 are based on a guaranteed interest rate of 1.5%. Options 2 and 4 are based on a guaranteed interest rate of 1.5% and the “Annuity 2000” male, female mortality table projected for improvement using projection scale G (50% of the female scale G factors were used, while 100% of the male scale G factors were used). The rates were projected dynamically using an assumed Annuity Commencement date of 2005. The “Annuity 2000” mortality rates are adjusted based on improvements in mortality since 2000 to more appropriately reflect increased longevity. This is accomplished using a set of improvement factors referred to as projection scale G. C. Option 1 – - Income for a Specified Period We will make level payments only for the fixed period You choose. The duration of the payments may not exceed the Annuitants Xxxxxxxxx’s life expectancy, (as defined by the Internal Revenue Code and regulations adopted under that code) nor be for a period of time that is less than 60 months. In the event of the death of the person receiving payments prior to the end of the fixed period elected, payments will be continued to that person’s beneficiary. AV1386 101 179 1003 Page 13 SB1254R SECTION 10 – CONTINUED Option 2 – Life Income – You may choose between:- CONTINUED

FIXED INCOME OPTIONS. Guaranteed Income Options The fixed income payment option is determined by multiplying each $1,000 of policy proceeds allocated to a fixed income option 1, 2, or 4 by the amounts shown on pages 16 18 and 17 19 for the option You you select. Options Income options 1 and 3 are based on a guaranteed interest rate of 1.5%. Options Income options 2 and 4 are based on a guaranteed interest rate of 1.5% and the “Annuity 2000” male, male and female mortality table projected for improvement using projection scale G (50% of the female scale G factors were used, while 100% of the male scale G factors were used). The rates were projected dynamically using an assumed Annuity Commencement annuity commencement date of 2005. The “Annuity 2000” mortality rates are adjusted based on improvements in mortality since 2000 to more appropriately reflect increased longevity. This is accomplished using a set of improvement factors referred to as projection scale G. Fixed Income Option 1 – - Income for a Specified Period We will make level payments only for the fixed period You you choose. The duration of the payments may not exceed the Annuitants annuitant’s life expectancy, (as defined by the Internal Revenue Code and regulations adopted under that code) nor be for a period of time that is less than 60 months. In the event of the death of the person receiving payments prior to the end of the fixed period elected, payments will be continued to that person’s beneficiary. SECTION 10 – - CONTINUED Fixed Income Option 2 – - Life Income – - You may choose between:

FIXED INCOME OPTIONS. Guaranteed Income Options The fixed income option is determined by multiplying each $1,000 of policy proceeds allocated to a fixed income option by the amounts shown on pages 16 and 17 for the option You select. select Options 1 and 3 are based on a guaranteed interest rate of 1.5%. Options 2 and 4 are based on a guaranteed interest rate of 1.5% and the “‘Annuity 2000” male, female mortality table projected for improvement using projection scale G (50% of the female scale G factors were used, while 100% of the male scale G factors were used). The rates were projected dynamically using an assumed Annuity Commencement date of 2005. The “Annuity 2000” mortality rates are adjusted based on improvements in mortality since 2000 to more appropriately reflect increased longevity. This is accomplished using a set of improvement factors referred to as projection scale G. C. Option 1 – Income for a Specified Period We will make level payments only for the fixed period You choose. choosa The duration of the payments may not exceed the Annuitants Annuitant’s life expectancy, (as defined by the Internal Revenue Code and regulations adopted under that code) nor be for a period of time that is less than 60 months. In the event of the death of the person receiving payments prior to the end of the fixed period elected, payments will be continued to that person’s beneficiary. AV1396 101 179 1003 Page 13 SB1254R SECTION 10 – CONTINUED Option 2 – Life Income – You may choose between: