FIXED PAYMENT OPTION Clause Samples

FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.

FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Owner. This amount is paid until Account Value is exhausted. If the Account Value is held in the Fixed Account, then the number of Annuity Payments will vary as a result of the interest rate (as adjusted periodically) credited on Fixed Account Value. This rate is guaranteed to be no less than the Guaranteed Rate set forth on page 3. If the Account Value is held in the Separate Account, then the number of Annuity Payments will vary as a result of the investment performance of the Subaccounts chosen. If the Annuitant dies before receiving all of the Annuity Payments, any remaining Annuity Payments will be made to the Designated Beneficiary. This Option is available only for Nonqualified Contracts. OPTION 7 AGE RECALCULATION OPTION: This option provides for Annuity Payments based upon the Annuitant's life expectancy, or the joint life expectancy of the Annuitant and a beneficiary, at the Annuitant's attained age (and the Annuitant's beneficiary's attained or adjusted age, if applicable) each year. The Annuity Payments are computed by reference to actuarial tables prescribed by the Treasury Secretary and in accordance with Section 401(a)(9) of the Internal Revenue Code and rules and regulations thereunder. Annuity Payments are made until Account Value is exhausted. If the Account Value is held in the Fixed Account, then the amount of the Annuity Payments will vary as a result of the interest rate (as adjusted periodically) credited on Fixed Account Value. This rate is guaranteed to be not less than the Guaranteed Rate set forth on page 3. If the Account Value is held in the Separate Account, then the amount of the Annuity Payments will vary as a result of the investment performance of the Subaccounts chosen. If the Annuitant dies before receiving the remaining Annuity Payments, Account Value will be paid to the Designated Beneficiary. OPTION 8

FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied is paid. The number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.

FIXED PAYMENT OPTION. Proceeds originating in the Fixed Account are applied to a Payment Option providing a fixed monthly benefit. The dollar amount of the annuity payments is determined by applying those proceeds in the Fixed Account to the applicable annuity table. These annuity payments are fixed and do not change from month to month. On the Option Effective Date, the proceeds from each Sub-Account are applied to the selected Payment Option independently to determine the initial amount of monthly payment associated with each Sub-Account. The dollar amount of the first monthly payment made from each Sub-Account is then divided by the Annuity Unit Value for that Sub-Account on the Option Effective Date to determine the number of units of each annuity payment associated with that Sub-Account. Except as may be affected by the transfer of units between Sub-Accounts, the number of units remains fixed for the entire payment period. The dollar values of subsequent payments made from individual Sub-Accounts are determined by multiplying the fixed number of units in each Sub-Account by its Annuity Unit Value on the date of payment. The total monthly payment made from a Payment Option on a variable basis is the sum of the monthly payments made from each Sub-Account. The Mortality and Expense Risk Charge and the Administration Charge remain applicable while a Variable Payment Option is operational, as they are reflected in the determination of the Annuity Unit Value. No Annual Contract Fee or Rider Charges continue during a Payment Option.

FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the initial amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. If the Contract Value is held in the Variable Account, then the number of payments will vary as a result of the investment performance of the specific Sub-Accounts chosen. If all the Annuitants dies before receiving all the payments, any remaining payments will be made to the Designated Beneficiary. ▇▇-▇▇▇▇▇-▇▇ BP 602081 ANNUITY OPTION RATES -------------------------------------------------------------------------------- SINGLE LIFE INCOME OPTIONS Table A - Monthly Payments for a fixed term and afterwards as long as the Annuitant lives per $1,000 of benefit amount -------------------------------------------------------------------------------- GUARANTEED MONTHLY PAYMENTS Age of Payee 0 60 120 180 240 Unit Refund MALE -------------------------------------------------------------------------------- 55 4.45 4.44 4.41 4.37 4.30 4.31 56 4.52 4.51 4.48 4.43 4.36 4.37 57 4.60 4.59 4.56 4.50 4.42 4.44 58 4.68 4.67 4.64 4.57 4.47 4.51 59 4.77 4.76 4.72 4.65 4.53 4.58 60 4.87 4.85 4.81 4.72 4.60 4.65 61 4.97 4.95 4.90 4.80 4.66 4.73 62 5.07 5.05 5.00 4.89 4.72 4.82 63 5.19 5.17 5.10 4.97 4.79 4.90 64 5.31 5.29 5.20 5.06 4.85 5.00 65 5.44 5.41 5.32 5.15 4.92 5.09 66 5.58 5.55 5.44 5.24 4.98 5.20 67 5.73 5.69 5.56 5.34 5.05 5.30 68 5.89 5.84 5.69 5.44 5.11 5.41 69 6.06 6.00 5.82 5.54 5.17 5.53 70 6.24 6.17 5.97 5.64 5.23 5.66 FEMALE 55 4.11 4.11 4.10 4.08 4.05 4.05 56 4.17 4.17 4.16 4.14 4.10 4.10 57 4.23 4.23 4.22 4.19 4.15 4.15 58 4.30 4.29 4.28 4.25 4.21 4.21 59 4.37 4.36 4.35 4.32 4.27 4.27 60 4.44 4.44 4.42 4.38 4.33 4.34 61 4.52 4.51 4.49 4.45 4.39 4.40 62 4.60 4.59 4.57 4.52 4.45 4.47 63 4.69 4.68 4.65 4.60 4.52 4.55 64 4.78 4.77 4.74 4.68 4.58 4.63 65 4.88 4.87 4.84 4.76 4.65 4.71 66 4.99 4.98 4.93 4.85 4.72 4.80 67 5.10 5.09 5.04 4.94 4.79 4.89 68 5.23 5.21 5.15 5.04 4.86 4.99 69 5.36 5.34 5.27 5.14 4.94 5.09 70 5.50 5.48 5.39 5.24 5.01 5.20 Rates not shown will be provided on request. -------------------------------------------------------------------------------- JOINT & LAST SURVIVOR TABLE B - MONTHLY FEMALE MALE AGE INSTALLMENTS AGE 55 60 62 65 70 -------------------------------------------------------------------------------- Until l...

FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary. ANNUITY TABLES -------------------------------------------------------------------------------- TABLE A SETTLEMENT OPTIONS ONE, TWO, AND THREE MINIMUM INITIAL MONTHLY INSTALLMENTS PER $1,000 OF AMOUNT APPLIED

FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the General Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the General Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Series chosen. If the Participant dies before receiving all the payments, any remaining payments will be made to the Designated Beneficiary. 22 GV6322K (9-97) -------------------------------------------------------------------------------- ANNUITY PAYMENT PROVISIONS (CONTINUED) -------------------------------------------------------------------------------- OPTION 7 PERIOD CERTAIN OPTION: This option provides payments for a fixed period of 5, 10, 15 or 20 years. Payments will be made until the end of this period. If the Participant dies prior to the end of the period, the remaining payments will be made to the Designated Beneficiary. Table C shows some of the guaranteed rates for this option. OPTION 8 JOINT AND CONTINGENT SURVIVOR OPTION: This option provides payments for the life of the Participant. Payments will be made to the Participant as long as he or she is living. Upon the death of the Participant, payments will be made to a second person named by the Participant as long as he or she is living. If such person is not living upon the death of the Participant, no further payments will be made. Table B shows some of the guaranteed rates for this option.