Common use of Guaranteed Number of Payments Clause in Contracts

Guaranteed Number of Payments. We will make payments for a specified number of months beginning on the Payout Start Date. These payments do not depend on the Annuitant's life. The number of months guaranteed may be from 60 to 360. Income payments for less than 120 months may be subject to a Withdrawal Charge. We reserve the right to make available other Income Plans. INCOME PAYMENTS Income payment amounts may be Variable Amount Income Payments, Fixed Amount Income Payments, or both. The method of calculating the initial payment is different for the two types of payments. VARIABLE AMOUNT INCOME PAYMENTS Variable Amount Income Payments will vary to reflect the performance of the Variable Account. The portion of the initial income payment based upon a particular Variable subaccount is determined by applying the amount of the Contract Value in that subaccount on the Payout Start Date, less any applicable premium tax, to the appropriate value from the Income Payment Table. This portion of the initial income payment is divided by the Annuity Unit Value on the Payout Start Date for that Variable subaccount to determine the number of Annuity Units from that subaccount which will be used to determine subsequent income payments. Unless transfers are made between subaccounts, each subsequent income payment from that subaccount will be that number of Annuity Units times the Annuity Unit Value for the subaccount for the Valuation Date on which the income payment is made. ANNUITY UNIT VALUE The Annuity Unit Value for each subaccount of the Variable Account at the end of any Valuation Period is calculated by: 1. multiplying the Annuity Unit Value at the end of the immediately preceding Valuation Period by the subaccount's Net Investment Factor during the period; and then 2. dividing the result by 1.000 plus the assumed investment rate for the period. The assumed investment rate is an effective annual rate of 3%. We reserve the right to offer an assumed investment rate greater than 3%. FIXED AMOUNT INCOME PAYMENTS The income payment amount derived from any monies allocated to the Fixed Account option during the Accumulation Phase is fixed for the duration of the Income Plan. The Fixed Amount Income Payment is calculated by applying the portion of the Contract Value in the Fixed Account Option on the Payout Start Date, less any applicable premium tax, to the greater of the appropriate value from the Income Payment Table selected or such other value as we are offering at that time. ANNUITY TRANSFERS After the Payout Start Date, you may transfer among the variable subaccounts. You may make up to 12 transfers per Contract year. No transfers may be made from the Fixed Amount Income Payment. Transfers from the Variable Amount Income Payment to the Fixed Amount Income Payment may be made only if Income Plan 3 has been chosen, and may not be made for six months after the Payout Start Date. PAYOUT TERMS AND CONDITIONS The income payments are subject to the following terms and conditions: 1. If no purchase payments have been received for two years and the Contract Value is less than $2,000, or not enough to provide an initial payment of at least $20, we reserve the right to: a. change the payment frequency to make the payment at least $20; or b. terminate the Contract and pay you the Contract Value less any applicable taxes in a lump sum. 2. If we do not receive a written choice of an Income Plan from you at least 30 days before the Payout Start Date, the Income Plan will be Life Income with Guaranteed Payments for 120 months. 3. If you choose an Income Plan which depends on any person's life, we may require: a. proof of age and sex before income payments begin; and b. proof that the Annuitant or joint Annuitant is still alive before we make each payment.

Guaranteed Number of Payments. We will make payments for a specified number of months beginning on the Payout Start Date. These payments do not depend on the Annuitant's life. The number of months guaranteed may be from 60 to 360. Income payments for less than 120 months may be subject to a Withdrawal Charge. We reserve the right to make available other Income Plans. INCOME PAYMENTS Income Payments Income payment amounts may vary based on any Sub-Account of the Variable Account and/or may be Variable Amount fixed for the duration of the Income Payments, Fixed Amount Income Payments, or bothPlan. The method of calculating the initial payment is different for the two types of payments. VARIABLE AMOUNT INCOME PAYMENTS Variable Amount Income Payments and Fixed Amount Income Payments. The Contract Maintenance Charge will be deducted in equal payments from each income payment. The Contract Maintenance Charge will be waived if the total Contract Value is $50,000 or more as of the Payout Start Date. Variable Amount Income Payments The initial income payment based upon the Variable Account is calculated by applying the portion of the Contract Value in the Variable Account on the Payout Start Date, less any applicable premium tax, to the appropriate value from the Income Payment Table selected. Subsequent income payments will vary to reflect depending upon the performance of changes in the Variable AccountAnnuity Unit Values for the Sub-Accounts upon which the income payments are based. The portion of the initial income payment based upon a particular Variable subaccount Sub-Account is determined by applying the amount of the Contract Value in that subaccount Sub-Account on the Payout Start Date, less any applicable premium tax, to the appropriate value from the Income Payment Table. This portion of the initial income payment is divided by the Annuity Unit Value on the Payout Start Date for that Variable subaccount Sub-Account to determine the number of Annuity Units from that subaccount Sub-Account which will be used to determine subsequent income payments. Unless transfers Annuity Transfers are made between subaccountsSub-Accounts, each subsequent income payment from that subaccount Sub-Account will be that number of Annuity Units times the Annuity Unit Value for the subaccount Sub-Account for the Valuation Date on which the income payment is made. ANNUITY UNIT VALUE Annuity Unit Value The Annuity Unit Value for each subaccount Sub-Account of the Variable Account at the end of any Valuation Period is calculated by: 1. : o multiplying the Annuity Unit Value at the end of the immediately preceding Valuation Period by the subaccountSub-Account's Net Investment Factor during the period; and then 2. then o dividing the result by 1.000 plus the assumed investment rate for the period. The assumed investment rate is an effective annual rate of 3%. We reserve the right to offer an assumed investment rate greater than 3%. FIXED AMOUNT INCOME PAYMENTS Fixed Amount Income Payments The income payment amount derived from any monies money allocated to the Fixed Account option Options during the Accumulation Phase is are fixed for the duration of the Income Plan. The Fixed Amount Income Payment is calculated by applying the portion of the Contract Value in the Fixed Account Option Options on the Payout Start Date, adjusted by any Market Value Adjustment plus any amount from the Variable Account that the Owner elects to apply to a Fixed Amount Income Payment and less any applicable premium tax, to the greater of the appropriate value from the Income Payment Table selected or such other value as we are offering at that time. ANNUITY TRANSFERS Annuity Transfers After the Payout Start Date, you may transfer among the variable subaccounts. You may make up to 12 transfers per Contract year. No transfers may be made from the Fixed Amount Income Payment. Transfers from the Variable Amount Income Payment to the Fixed Amount Income Payment may be made only if Income Plan 3 has been chosen, and may not be made for six months after the Payout Start Date. PAYOUT TERMS AND CONDITIONS Payout Terms and Conditions The income payments are subject to the following terms and conditions: 1. : o If no purchase payments have been received for two years and the Contract Value is less than $2,000, or not enough to provide an initial payment of at least $20, we reserve the right to: a. : o change the payment frequency to make the payment at least $20; or b. or o terminate the Contract and pay you the Contract Value adjusted by any Market Value Adjustment and less any applicable taxes in a lump sum. 2. o If we do not receive a written choice of an Income Plan from you at least 30 days before the Payout Start Date, the Income Plan will be Life Income life income with Guaranteed Payments guaranteed payments for 120 months. 3. o If you choose an Income Plan which depends on any person's life, we may require: a. : o proof of age and sex before income payments begin; and b. and o proof that the Annuitant or joint Annuitant is still alive before we make each payment.. o After the Payout Start Date, the Income Plan cannot be changed and withdrawals cannot be made unless variable income payments are being made under Income Plan 3. You may terminate all or a portion of the income payments being made under Income Plan 3 at any time and withdraw their value by writing to us. For Variable Amount Income Payments, this value is equal to the present value of the Variable Amount Income Payments being terminated, calculated using a discount rate equal to the assumed investment rate that was used in determining the initial variable payment. o If any Owner dies during the Payout Phase, the remaining income payments will be paid to the successor Owner as scheduled. The initial income payment will be at least the amount based on the adjusted age of the Annuitant(s) and the tables below, less any federal income taxes which are withheld. The adjusted age is the actual age of the Annuitant(s) on the Payout Start Date reduced by one year for each six full years between January 1, 2000 and the Payout Start Date. Income payments for ages and guaranteed payment periods not shown below will be determined on a basis consistent with that used to determine those that are shown. The Income Payment Tables are based on 3.0% interest and the Annuity 2000 Mortality Tables. Income Plan 1 - Life Income with Guaranteed Payments for 120 Months ============================================================================================================================ Monthly Income Payment for each $1,000 Applied to this Income Plan ---------------------------------------------------------------------------------------------------------------------------- ------------------- ---------------------- ---------------- ---------------------- ---------------- ------------------------ Annuitant's Annuitant's Annuitant's Adjusted Male Female Adjusted Male Female Adjusted Male Female Age Age Age ------------------- ---------------------- ---------------- ---------------------- ---------------- ------------------------ ------------------- ---------------------- ---------------- ---------------------- ---------------- ------------------------ 35 $ 3.34 $3.22 49 $3.99 $3.76 63 $5.23 $4.84 36 3.38 3.24 50 4.05 3.81 64 5.35 4.95 37 3.41 3.27 51 4.11 3.87 65 5.49 5.07 38 3.45 3.30 52 4.18 3.93 66 5.62 5.20 39 3.49 3.34 53 4.26 3.99 67 5.77 5.33 40 3.53 3.37 54 4.33 4.06 68 5.92 5.47 41 3.57 3.41 55 4.41 4.13 69 6.07 5.62 42 3.62 3.44 56 4.50 4.20 70 6.23 43 3.66 3.48 57 4.58 4.28 71 5.78 44 3.71 3.52 58 4.68 4.36 72 6.39 5.94 45 3.76 3.57 59 4.78 4.45 73 6.56 6.11 46 3.81 3.61 60 4.88 4.54 74 6.73 6.29 47 3.87 3.66 61 4.99 4.63 75 6.90 6.48 48 3.93 3.71 62 5.11 4.73 7.08 6.67 =================== ====================== ================ ====================== ================ ======================== Income Plan 2 - Joint and Survivor Life Income with Guaranteed Payments for 120 Months ============================================================================================================================== Monthly Income Payment for each $1,000 Applied to this Income Plan ------------------------------------------------------------------------------------------------------------------------------ -------------------- --------------------------------------------------------------------------------------------------------- Female Annuitant's Adjusted Age -------------------- --------------------------------------------------------------------------------------------------------- -------------------- ---------- ------------ ----------- ---------- ---------- ---------- ---------- --------- --------------- Male Annuitant's 35 40 45 50 55 60 65 70 75 Adjusted Age -------------------- ---------- ------------ ----------- ---------- ---------- ---------- ---------- --------- --------------- -------------------- ---------- ---------- ---------- ---------- ----------- ---------- ------------ ----------- ------------- 35 $3.06 $3.12 $3.17 $3.22 $3.26 $3.28 $3.31 $3.32 $3.33 40 3.10 3.18 3.26 3.32 3.38 3.43 3.46 3.49 3.51 45 3.13 3.23 3.33 3.43 3.52 3.59 3.65 3.69 3.72 50 3.16 3.27 3.40 3.53 3.65 3.76 3.86 3.93 3.98 55 3.18 3.30 3.45 3.61 3.77 3.94 4.08 4.20 4.29 60 3.19 3.33 3.49 3.68 3.88 4.10 4.31 4.51 4.66 65 3.20 3.34 3.52 3.73 3.97 4.24 4.54 4.83 5.08 70 3.21 3.35 3.54 3.76 4.03 4.36 4.73 5.13 5.52 75 3.21 3.36 3.55 3.78 4.07 4.44 4.87 5.38 5.92 ==================== ========== ========== ========== ========== =========== ========== ============ =========== ============= Income Plan 3 - Guaranteed Number of Payments ================================= =============================================== Monthly Income Payment for each Specified Period $1,000 Applied to this Income Plan --------------------------------- ----------------------------------------------- --------------------------------- ----------------------------------------------- 10 Years $9.61 11 Years 8.86 12 Years 8.24 13 Years 7.71 14 Years 7.26 15 Years 6.87 16 Years 6.53 17 Years 6.23 18 Years 5.96 19 Years 5.73 20 Years 5.51 ================================= ===============================================

Guaranteed Number of Payments. We will make payments for a specified number of months beginning on the Payout Start Date. These payments do not depend on the Annuitant's life. The number of months guaranteed may be from 60 to 360. Income payments for less than 120 months may be subject to a Withdrawal Charge. We reserve the right to make available other Income Plans. INCOME PAYMENTS Income Payments Income payment amounts may vary based on any Sub-Account of the Variable Account and/or may be Variable Amount fixed for the duration of the Income Payments, Fixed Amount Income Payments, or bothPlan. The method of calculating the initial payment is different for the two types of payments. VARIABLE AMOUNT INCOME PAYMENTS Variable Amount Income Payments and Fixed Amount Income Payments. The Contract Maintenance Charge will be deducted in equal payments from each income payment. The Contract Maintenance Charge will be waived if the total Contract Value is $50,000 or more as of the Payout Start Date. Variable Amount Income Payments The initial income payment based upon the Variable Account is calculated by applying the portion of the Contract Value in the Variable Account on the Payout Start Date, less any applicable premium tax, to the appropriate value from the Income Payment Table selected. Subsequent income payments will vary to reflect depending upon the performance of changes in the Variable AccountAnnuity Unit Values for the Sub-Accounts upon which the income payments are based. The portion of the initial income payment based upon a particular Variable subaccount Sub-Account is determined by applying the amount of the Contract Value in that subaccount Sub-Account on the Payout Start Date, less any applicable premium tax, to the appropriate value from the Income Payment Table. This portion of the initial income payment is divided by the Annuity Unit Value on the Payout Start Date for that Variable subaccount Sub-Account to determine the number of Annuity Units from that subaccount Sub-Account which will be used to determine subsequent income payments. Unless transfers Annuity Transfers are made between subaccountsSub-Accounts, each subsequent income payment from that subaccount Sub-Account will be that number of Annuity Units times the Annuity Unit Value for the subaccount Sub-Account for the Valuation Date on which the income payment is made. ANNUITY UNIT VALUE The Annuity Unit Value for each subaccount of the Variable Account at the end of any Valuation Period is calculated by: 1. multiplying the Annuity Unit Value at the end of the immediately preceding Valuation Period by the subaccount's Net Investment Factor during the period; and then 2. dividing the result by 1.000 plus the assumed investment rate for the period. The assumed investment rate is an effective annual rate of 3%. We reserve the right to offer an assumed investment rate greater than 3%. FIXED AMOUNT INCOME PAYMENTS The income payment amount derived from any monies allocated to the Fixed Account option during the Accumulation Phase is fixed for the duration of the Income Plan. The Fixed Amount Income Payment is calculated by applying the portion of the Contract Value in the Fixed Account Option on the Payout Start Date, less any applicable premium tax, to the greater of the appropriate value from the Income Payment Table selected or such other value as we are offering at that time. ANNUITY TRANSFERS After the Payout Start Date, you may transfer among the variable subaccounts. You may make up to 12 transfers per Contract year. No transfers may be made from the Fixed Amount Income Payment. Transfers from the Variable Amount Income Payment to the Fixed Amount Income Payment may be made only if Income Plan 3 has been chosen, and may not be made for six months after the Payout Start Date. PAYOUT TERMS AND CONDITIONS The income payments are subject to the following terms and conditions: 1. If no purchase payments have been received for two years and the Contract Value is less than $2,000, or not enough to provide an initial payment of at least $20, we reserve the right to: a. change the payment frequency to make the payment at least $20; or b. terminate the Contract and pay you the Contract Value less any applicable taxes in a lump sum. 2. If we do not receive a written choice of an Income Plan from you at least 30 days before the Payout Start Date, the Income Plan will be Life Income with Guaranteed Payments for 120 months. 3. If you choose an Income Plan which depends on any person's life, we may require: a. proof of age and sex before income payments begin; and b. proof that the Annuitant or joint Annuitant is still alive before we make each payment.

Guaranteed Number of Payments. We will make payments for a specified number of months beginning on the Payout Start Date. These payments do not depend on the Annuitant's life. The number of months guaranteed may be from 60 to 360. Income payments for less than 120 months may be subject to a Withdrawal Charge. We reserve the right to make available other Income Plans. INCOME PAYMENTS Income payment amounts may be Variable Amount Income Payments, Fixed Amount Income Payments, or both. The method of calculating the initial payment is different for the two types of payments. VARIABLE AMOUNT INCOME PAYMENTS Variable Amount Income Payments will vary to reflect the performance of the Variable Account. The portion of the initial income payment based upon a particular Variable subaccount is determined by applying the amount of the Contract Value in that subaccount on the Payout Start Date, less any applicable premium tax, to the appropriate value from the Income Payment Table. This portion of the initial income payment is divided by the Annuity Unit Value on the Payout Start Date for that Variable subaccount to determine the number of Annuity Units from that subaccount which will be used to determine subsequent income payments. Unless transfers are made between subaccounts, each subsequent income payment from that subaccount will be that number of Annuity Units times the Annuity Unit Value for the subaccount for the Valuation Date on which the income payment is made. ANNUITY UNIT VALUE The Annuity Unit Value for each subaccount of the Variable Account at the end of any Valuation Period is calculated by: 1. multiplying the Annuity Unit Value at the end of the immediately preceding Valuation Period by the subaccount's Net Investment Factor during the period; and then 2. dividing the result by 1.000 plus the assumed investment rate for the period. The assumed investment rate is an effective annual rate of 3%. We reserve the right to offer an assumed investment rate greater than 3%. FIXED AMOUNT INCOME PAYMENTS The income payment amount derived from any monies allocated to the Fixed Account option during the Accumulation Phase is fixed for the duration of the Income Plan. The Fixed Amount Income Payment is calculated by applying the portion of the Contract Value in the Fixed Account Option on the Payout Start Date, less any applicable premium tax, to the greater of the appropriate value from the Income Payment Table selected or such other value as we are offering at that time. ANNUITY TRANSFERS After the Payout Start Date, you may transfer among the variable subaccounts. You may make up to 12 transfers per Contract year. No transfers may be made from the Fixed Amount Income Payment. Transfers from the Variable Amount Income Payment to the Fixed Amount Income Payment may be made only if Income Plan 3 has been chosen, and may not be made for six months after the Payout Start Date. PAYOUT TERMS AND CONDITIONS The income payments are subject to the following terms and conditions: 1. If no purchase payments have been received for two years and the Contract Value is less than $2,000, or not enough to provide an initial payment of at least $20, we reserve the right to: a. change the payment frequency to make the payment at least $20; or b. terminate the Contract and pay you the Contract Value less any applicable taxes in a lump sum. 2. If we do not receive a written choice of an Income Plan from you at least 30 days before the Payout Start Date, the Income Plan will be Life Income with Guaranteed Payments for 120 months. 3. If you choose an Income Plan which depends on any person's life, we may require: a. proof of age and sex before income payments begin; and b. proof that the Annuitant or joint Annuitant is still alive before we make each payment.

Guaranteed Number of Payments. We will make payments for a specified number of months beginning on the Payout Start Date. These payments do not depend on the Annuitantannuitant's life. The number of months guaranteed may be from 60 to 360. Income payments for less than 120 months may be subject to a Withdrawal Charge. We reserve the right to make available other Income Plans. INCOME PAYMENTS PAYMENTS. Income payment amounts may vary based on any Sub- account of the Variable Account and/or may be Variable Amount fixed for the duration of the Income Payments, Fixed Amount Income Payments, or bothPlan. The method of calculating the initial payment is different for Variable Amount Income Payments and Fixed Amount Income Payments. The Contract Maintenance Charge will be deducted in equal payments from each income payment. The Contract Maintenance Charge will be waived if total Purchase Payments are $50,000 or more as of the two types of paymentsPayout Start Date. VARIABLE AMOUNT INCOME PAYMENTS PAYMENTS. The initial income payment based upon the Variable Amount Account is calculated by applying the portion of the Contract Value in the Variable Account on the Payout Start Date, less any applicable premium tax, to the appropriate value from the Income Payments Payment Table selected. Subsequent income payments will vary to reflect depending upon the performance of changes in the Variable AccountAnnuity Unit Values for the Sub- accounts upon which the income payments are based. The portion of the initial income payment based upon a particular Variable subaccount Sub-account is determined by applying the amount of the Contract Value in that subaccount Sub-account on the Payout Start Date, less any applicable premium tax, to the appropriate value from the Income Payment Table. This portion of the initial income payment is divided by the Annuity Unit Value on the Payout Start Date for that Variable subaccount Sub-account to determine the number of Annuity Units from that subaccount Sub- account which will be used to determine subsequent income payments. Unless transfers Annuity Transfers are made between subaccountsSub-accounts, each subsequent income payment from that subaccount Sub-account will be that number of Annuity Units times the Annuity Unit Value for the subaccount Sub-account for the Valuation Date on which the income payment is made. ANNUITY UNIT VALUE The Annuity Unit Value for each subaccount of the Variable Account at the end of any Valuation Period is calculated by: 1. multiplying the Annuity Unit Value at the end of the immediately preceding Valuation Period by the subaccount's Net Investment Factor during the period; and then 2. dividing the result by 1.000 plus the assumed investment rate for the period. The assumed investment rate is an effective annual rate of 3%. We reserve the right to offer an assumed investment rate greater than 3%. FIXED AMOUNT INCOME PAYMENTS The income payment amount derived from any monies allocated to the Fixed Account option during the Accumulation Phase is fixed for the duration of the Income Plan. The Fixed Amount Income Payment is calculated by applying the portion of the Contract Value in the Fixed Account Option on the Payout Start Date, less any applicable premium tax, to the greater of the appropriate value from the Income Payment Table selected or such other value as we are offering at that time. ANNUITY TRANSFERS After the Payout Start Date, you may transfer among the variable subaccounts. You may make up to 12 transfers per Contract year. No transfers may be made from the Fixed Amount Income Payment. Transfers from the Variable Amount Income Payment to the Fixed Amount Income Payment may be made only if Income Plan 3 has been chosen, and may not be made for six months after the Payout Start Date. PAYOUT TERMS AND CONDITIONS The income payments are subject to the following terms and conditions: 1. If no purchase payments have been received for two years and the Contract Value is less than $2,000, or not enough to provide an initial payment of at least $20, we reserve the right to: a. change the payment frequency to make the payment at least $20; or b. terminate the Contract and pay you the Contract Value less any applicable taxes in a lump sum. 2. If we do not receive a written choice of an Income Plan from you at least 30 days before the Payout Start Date, the Income Plan will be Life Income with Guaranteed Payments for 120 months. 3. If you choose an Income Plan which depends on any person's life, we may require: a. proof of age and sex before income payments begin; and b. proof that the Annuitant or joint Annuitant is still alive before we make each payment.

Guaranteed Number of Payments. We will make payments for a specified number of months beginning on the Payout Start Date. These payments do not depend on the Annuitant's life. The number of months guaranteed may be from 60 to 360. Income payments for less than 120 months may be subject to a Withdrawal Charge. We reserve the right to make available other Income Plans. INCOME PAYMENTS Income Payments Income payment amounts may vary based on any Sub-account of the Variable Account and/or may be Variable Amount fixed for the duration of the Income Payments, Fixed Amount Income Payments, or bothPlan. The method of calculating the initial payment is different for the two types of payments. VARIABLE AMOUNT INCOME PAYMENTS Variable Amount Income Payments and Fixed Amount Income Payments. Variable Amount Income Payments The initial income payment based upon the Variable Account is calculated by applying the portion of the Contract Value in the Variable Account on the Payout Start Date, less any applicable premium tax, to the appropriate value from the Income Payment Table selected. Subsequent income payments will vary to reflect depending upon the performance of changes in the Variable AccountAnnuity Unit Values for the Sub-accounts upon which the income payments are based. The portion of the initial income payment based upon a particular Variable subaccount Sub-account is determined by applying the amount of the Contract Value in that subaccount Sub-account on the Payout Start Date, less any applicable premium tax, to the appropriate value from the Income Payment Table. This portion of the initial income payment is divided by the Annuity Unit Value on the Payout Start Date for that Variable subaccount Sub-account to determine the number of Annuity Units from that subaccount Sub-account which will be used to determine subsequent income payments. Unless transfers Annuity Transfers are made between subaccountsSub-accounts, each subsequent income payment from that subaccount Sub-account will be that number of Annuity Units times the Annuity Unit Value for the subaccount Sub-account for the Valuation Date on which the income payment is made. ANNUITY UNIT VALUE The Annuity Unit Value for each subaccount of the Variable Account at the end of any Valuation Period is calculated by: 1. multiplying the Annuity Unit Value at the end of the immediately preceding Valuation Period by the subaccount's Net Investment Factor during the period; and then 2. dividing the result by 1.000 plus the assumed investment rate for the period. The assumed investment rate is an effective annual rate of 3%. We reserve the right to offer an assumed investment rate greater than 3%. FIXED AMOUNT INCOME PAYMENTS The income payment amount derived from any monies allocated to the Fixed Account option during the Accumulation Phase is fixed for the duration of the Income Plan. The Fixed Amount Income Payment is calculated by applying the portion of the Contract Value in the Fixed Account Option on the Payout Start Date, less any applicable premium tax, to the greater of the appropriate value from the Income Payment Table selected or such other value as we are offering at that time. ANNUITY TRANSFERS After the Payout Start Date, you may transfer among the variable subaccounts. You may make up to 12 transfers per Contract year. No transfers may be made from the Fixed Amount Income Payment. Transfers from the Variable Amount Income Payment to the Fixed Amount Income Payment may be made only if Income Plan 3 has been chosen, and may not be made for six months after the Payout Start Date. PAYOUT TERMS AND CONDITIONS The income payments are subject to the following terms and conditions: 1. If no purchase payments have been received for two years and the Contract Value is less than $2,000, or not enough to provide an initial payment of at least $20, we reserve the right to: a. change the payment frequency to make the payment at least $20; or b. terminate the Contract and pay you the Contract Value less any applicable taxes in a lump sum. 2. If we do not receive a written choice of an Income Plan from you at least 30 days before the Payout Start Date, the Income Plan will be Life Income with Guaranteed Payments for 120 months. 3. If you choose an Income Plan which depends on any person's life, we may require: a. proof of age and sex before income payments begin; and b. proof that the Annuitant or joint Annuitant is still alive before we make each payment.