Common use of Guarantee Periods Clause in Contracts

Guarantee Periods. Each Fixed Allocation is guaranteed an interest rate for a period, a Guarantee Period. The Guaranteed Interest Rate for a Fixed Allocation is effective for the entire period. The Maturity Date of a Guarantee Period will be on the last day of the calendar month in which the Guarantee Period ends. Withdrawals and transfers made during a Guarantee Period may be subject to a Market Value Adjustment unless made within thirty days of the Maturity Date. Upon the expiry of a Guarantee Period, we will transfer the Accumulation Value of the expiring Fixed Allocation to a Fixed Allocation with a Guarantee Period equal in length to the expiring Guarantee Period, unless you select another period prior to a Maturity Date. We will notify you at least thirty days prior to a Maturity Date of your options for renewal. If the period remaining from the expiry of the previous Guarantee Period to the Annuity Commencement Date is less than the period you have elected or the period expiring, the next shortest period then available that will not extend beyond the Annuity Commencement Date will be offered to you. If a period is not available, the Accumulation Value will be transferred to the Specifically Designated Division. We will declare Guaranteed Interest Rates for the then available Fixed Allocation Guarantee Periods. These interest rates are based solely on our expectation as to our future earnings. Declared Guaranteed Interest Rates are subject to change at any time prior to application to specific Fixed Allocations, although in no event will the rates be less than the Minimum Guaranteed Interest Rate shown in the Schedule. Market Value Adjustments A Market Value Adjustment will be applied to a Fixed Allocation upon withdrawal, transfer or application to an Income Plan if made more than thirty days prior to such Fixed Allocation's Maturity Date, except on Systematic Partial Withdrawals and IRA Partial Withdrawals. The Market Value Adjustment is applied to each Fixed Allocation separately. The Market Value Adjustment is determined by multiplying the amount of the Accumulation Value withdrawn, transferred or applied to an Income Plan by the following factor:

Guarantee Periods. Each We may offer any number of Guarantee Periods and may, from time to time, change the Guarantee Periods available. Any change in the Guarantee Periods available under the Contract will not affect existing Fixed Allocation is guaranteed an interest rate for a period, Allocations in a Guarantee PeriodPeriod until the Guarantee Period Maturity Date. The Guaranteed Interest Rate Rates for a Fixed Allocation is are effective for the entire period. The Maturity Date of a Guarantee Period will be on the last day of the calendar month in which the Guarantee Period ends. Withdrawals and transfers made during a Guarantee Period may be subject to a Market Value Adjustment unless made within thirty days of prior to the Maturity Date. Upon the expiry Maturity Date of a Guarantee Period, we will transfer the Accumulation Value of the expiring Fixed Allocation to a Fixed Allocation with a Guarantee Period equal in length to the expiring Guarantee Period, unless you select another period prior to a its Maturity Date. We will notify you at least thirty days prior to a Maturity Date of your options for renewal. If the period remaining from the expiry of the previous Guarantee Period to the Annuity Commencement Date is less than the period you have elected or the period expiring, the next shortest period then available that will not extend beyond the Annuity Commencement Date will be offered to you. If a period is not available, the Accumulation Value will be transferred to the Specifically Specially Designated Division. We will declare Guaranteed Interest Rates for the then available Fixed Allocation Guarantee Periods. These interest rates are based solely on our expectation as to our future earnings. Declared Guaranteed Interest Rates are subject to change at any time prior to application to specific Fixed Allocations, although in no event will the rates be less than the Minimum Guaranteed Interest Rate shown in the Schedule. Market Value Adjustments A Market Value Adjustment will be applied to a Fixed Allocation upon withdrawal, transfer or application to an Income Plan if made more than thirty days prior to such Fixed Allocation's Maturity Date, except on Systematic Partial Withdrawals and IRA XXX Partial WithdrawalsWithdrawals AS DESCRIBED IN "YOUR CONTRACT BENEFITS". The Market Value Adjustment is applied to each Fixed Allocation separately. The Market Value Adjustment is determined by multiplying the amount of the Accumulation Value withdrawnseparately and may be positive, transferred negative or applied to an Income Plan by the following factor:result in no change.

Guarantee Periods. Each Fixed Allocation is guaranteed an interest rate for a period, a The Owner may select one or more Guarantee Periods. The Guarantee Period(s) selected will determine the Guaranteed Interest Rate(s) that apply to the Account Value allocated to that Guarantee Period. The Net Purchase Payment or the portion thereof (or amount transferred in accordance with the terms of the "Transfers" section described below) allocated to a particular Guarantee Period will earn interest at the Guaranteed Interest Rate for during the Guarantee Period. Guarantee Periods begin on the date as of which We credit the Owner's Account Value to that Guarantee Period or, in the case of a Fixed Allocation is transfer, on the effective for date of the entire periodtransfer. The Maturity Date of a Guarantee Period will be on is the number of months or years We credit the Guaranteed Interest Rate. The expiration date of any Guarantee Period is the last day of the calendar month in which Guarantee Period. Subsequent Guarantee Periods begin on the first day following the expiration date. As a result of Guarantee Period ends. Withdrawals renewals, additional Purchase Payments and transfers made during a Guarantee Period may be subject to a Market Value Adjustment unless made within thirty days of portions of the Maturity Date. Upon the expiry of a Owner's Account Value, Guarantee Period, we will transfer the Accumulation Value Periods of the expiring Fixed Allocation to a Fixed Allocation with a Guarantee Period equal in length to the expiring Guarantee Period, unless you select another period prior to a Maturity Datesame duration may have different expiration dates and Guaranteed Interest Rates. We will notify you the Owner in writing at least thirty 30 and no more than 60 days prior to a Maturity Date the expiration date of your options for renewalany Guarantee Period. If A new Guarantee Period of the period remaining from the expiry of same duration as the previous Guarantee Period will begin automatically unless We receive Written notice to the Annuity Commencement Date contrary from the Owner at least 3 Valuation Dates prior to the end of such Guarantee Period. The Owner may elect to change to another Guarantee Period or Division which We offer at such time. If the amount of an Owner's Account Value in a Guarantee Period is less than $500 at the period you have elected or end of such Guarantee Period, We reserve the period expiringright to transfer such Account Value, the next shortest period then available that will not extend beyond the Annuity Commencement Date will be offered to you. If a period is not availablewithout charge, the Accumulation Value will be transferred to the Specifically Designated DivisionMoney Market Division of the Separate Account. However, We will declare Guaranteed Interest Rates for transfer such amount to another available Division at the then available Fixed Allocation Guarantee Periods. These interest rates are based solely on our expectation as to our future earnings. Declared Guaranteed Interest Rates are subject to change at any time prior to application to specific Fixed Allocations, although in no event will the rates be less than the Minimum Guaranteed Interest Rate shown in the Schedule. Market Value Adjustments A Market Value Adjustment will be applied to a Fixed Allocation upon withdrawal, transfer or application to an Income Plan if made more than thirty days prior to such Fixed AllocationOwner's Maturity Date, except on Systematic Partial Withdrawals and IRA Partial Withdrawals. The Market Value Adjustment is applied to each Fixed Allocation separately. The Market Value Adjustment is determined by multiplying the amount of the Accumulation Value withdrawn, transferred or applied to an Income Plan by the following factor:request.

Guarantee Periods. Each Fixed Allocation is guaranteed an interest rate for a periodThe Participant elects one or more Guarantee Period(s) from among those made available by the Company. The period(s) elected will determine the Guaranteed Interest Rate(s). A Purchase Payment, a portion thereof (at least equal to the minimum Guarantee Period amount set forth on the Certificate Specifications page) or an amount transferred in accordance with the "Transfer Privilege" described below, allocated to a particular Guarantee Period, less any applicable premium taxes or similar taxes and any amounts subsequently withdrawn, will earn interest at the Guaranteed Interest Rate in effect during the Guarantee Period. The Guaranteed Interest Rate for Initial Guarantee Periods begin on the date a Fixed Allocation Net Purchase Payment is effective for applied or, in the entire period. The Maturity Date case of a transfer, on the effective date of the transfer. A Guarantee period ends when the number of calendar years in the Guarantee Period will be on elected (measured from the last day end of the calendar month in which the amount was allocated to the Guarantee Period endsPeriod) has elapsed. Withdrawals and transfers made during The last day of a Guarantee Period may be subject is the Renewal Date. Subsequent Guarantee Periods begin on the first day following the Renewal Date. A Guarantee Amount is any portion of a Participant's Account Value allocated to a Market Value Adjustment unless made within thirty days particular Guarantee Period with a particular Renewal Date (including interest earned thereon). Guarantee Amounts allocated to Guarantee Periods of the Maturity Date. Upon the expiry same duration may have different Renewal Dates as a result of a Guarantee Periodadditional Purchase Payments, we will transfer the Accumulation Value renewals and transfers of portions of the expiring Fixed Allocation to a Fixed Allocation with a Participant's Account Value. Each Guarantee Period equal in length to the expiring Guarantee Period, unless you select another period prior to a Maturity DateAmount will be treated separately for purposes of determining any market value adjustment. We The Company will notify you the Participant in writing at least thirty 45 and no more than 75 days prior to a Maturity the Renewal Date of your options for renewalany Guarantee Amount. If A new Guarantee Period of the period remaining from same duration as the expiry previous Guarantee Period will commence automatically at the end of the previous Guarantee Period, except as set forth below. To change the Guarantee Period after the Renewal Date, the Participant must elect, in writing prior to the Annuity Commencement end of such Guarantee Period, a different Guarantee Period from among those that the Company offers at such time, or provide written instructions to transfer all or a portion of the Guarantee Amount to one or more Sub-Accounts in accordance with the "Transfer Privilege" provision. A Guarantee Amount will not renew into a Guarantee Period that is not available on the Renewal Date is less than the period you have elected or the period expiring, the next shortest period then available that will not extend beyond the Certificate's latest permissible Annuity Commencement Date Date. In these situations the Guarantee Amount will be offered to you. If a period is not available, the Accumulation Value will be automatically transferred to the Specifically Designated Divisiona Money Market Sub-Account. We will declare Guaranteed Interest Rates for the then available Fixed Allocation Each new Guarantee Periods. These interest rates are based solely on our expectation as to our future earnings. Declared Guaranteed Interest Rates are subject to change Amount must be at any time prior to application to specific Fixed Allocations, although in no event will the rates be less than the Minimum Guaranteed Interest Rate shown in the Schedule. Market Value Adjustments A Market Value Adjustment will be applied to a Fixed Allocation upon withdrawal, transfer or application to an Income Plan if made more than thirty days prior to such Fixed Allocation's Maturity Date, except on Systematic Partial Withdrawals and IRA Partial Withdrawals. The Market Value Adjustment is applied to each Fixed Allocation separately. The Market Value Adjustment is determined by multiplying least the amount of set forth on the Accumulation Value withdrawn, transferred or applied Certificate Specifications page unless it is equal to an Income Plan by the following factor:entire Guarantee Amount being transferred.

Guarantee Periods. Each Fixed Allocation is guaranteed an interest rate for a periodThe Participant elects one or more Guarantee Period(s) from among those made available by the Company. The period(s) elected will determine the Guaranteed Interest Rate(s). A Purchase Payment, a portion thereof (at least equal to the minimum Guarantee Period amount set forth on the Certificate Specifications page), or amount transferred in accordance with the "Transfer Privilege" provision described below, allocated to a particular Guarantee Period, less any applicable premium taxes or similar taxes and any amounts subsequently withdrawn, will earn interest at the Guaranteed Interest Rate in effect during the Guarantee Period. The Guaranteed Interest Rate for Initial Guarantee Periods begin on the date a Fixed Allocation Net Purchase Payment is effective for applied (or, in the entire period. The Maturity Date case of a transfer, on the effective date of the transfer). A Guarantee Period will be on ends when the last day number of calendar years in the Guarantee Period elected (measured from the end of the calendar month in which the amount was allocated to the Guarantee Period endsPeriod) has elapsed. Withdrawals and transfers made during The last day of a Guarantee Period may be subject is the Renewal Date. Subsequent Guarantee Periods begin on the first day following the Renewal Date. A Guarantee Amount is any portion of a Participant's Account Value allocated to a Market Value Adjustment unless made within thirty days particular Guarantee Period with a particular Renewal Date (including interest earned thereon). Guarantee Amounts allocated to Guarantee Periods of the Maturity Date. Upon the expiry same duration may have different Renewal Dates as a result of a Guarantee Periodadditional Purchase Payments, we will transfer the Accumulation Value renewals and transfers of portions of the expiring Fixed Allocation to a Fixed Allocation with a Participant's Account Value. Each Guarantee Period equal in length to the expiring Guarantee Period, unless you select another period prior to a Maturity DateAmount will be treated separately for purposes of determining any market value adjustment. We The Company will notify you the Participant in writing at least thirty 45 and no more than 75 days prior to a Maturity the Renewal Date for any Guarantee Amount. A new Guarantee Period of your options for renewal. If the period remaining from same duration as the expiry previous Guarantee Period will commence automatically at the end of the previous Guarantee Period except as indicated below. To change the Guarantee Period after the Renewal Date, the Participant must elect in writing prior to the Annuity Commencement end of such Guarantee Period, a different Guarantee Period from among those that the Company offers at such time, or provide written instructions to transfer all or a portion of the Guarantee Amount to one or more Sub-Accounts in accordance with the "Transfer Privilege" provision. A Guarantee Amount will not renew into a Guarantee Period that is not available on the Renewal Date is less than the period you have elected or the period expiring, the next shortest period then available that will not extend beyond the Certificate's latest permissible Annuity Commencement Date Date. In these situations the Guarantee Amount will be offered to you. If a period is not available, the Accumulation Value will be automatically transferred to the Specifically Designated Divisiona Money Market Sub-Account. We will declare Guaranteed Interest Rates for the then available Fixed Allocation Each new Guarantee Periods. These interest rates are based solely on our expectation as to our future earnings. Declared Guaranteed Interest Rates are subject to change Amount must be at any time prior to application to specific Fixed Allocations, although in no event will the rates be less than the Minimum Guaranteed Interest Rate shown in the Schedule. Market Value Adjustments A Market Value Adjustment will be applied to a Fixed Allocation upon withdrawal, transfer or application to an Income Plan if made more than thirty days prior to such Fixed Allocation's Maturity Date, except on Systematic Partial Withdrawals and IRA Partial Withdrawals. The Market Value Adjustment is applied to each Fixed Allocation separately. The Market Value Adjustment is determined by multiplying least the amount of set forth on the Accumulation Value withdrawn, transferred or applied Certificate Specifications page unless it is equal to an Income Plan by the following factor:entire Guarantee Amount being transferred.