Common use of INCOME BENEFITS Clause in Contracts

INCOME BENEFITS. Income Benefits - Surrender or withdrawal benefits may be used to purchase a lifetime monthly income. Death benefits may be used to purchase a monthly income for the lifetime of the beneficiary. Monthly income payments will automatically be guaranteed to continue for at least ten years, unless another form of payment is requested. Under the automatic form of payment, if the income recipient dies before the end of the ten-year period, payments will continue to the end of the ten-year period to a person designated by the income recipient in writing. Other options of monthly income benefits are available upon request. We may require evidence of the income recipient's survival when monthly income payments have been made for more than ten years. The purchase rates for the monthly income will be set periodically by the Company. However, under the automatic form, the monthly income bought by each $1000 of benefit amount will always be at least as large as that shown below. Single-Life Single-Life 10 years Certain 10 years Certain Age Monthly Income Age Monthly Income 30 $3.12 54 $4.15 32 3.17 56 4.30 34 3.23 58 4.47 36 3.29 60 4.66 38 3.35 62 4.87 40 3.42 64 5.10 42 3.50 66 5.36 44 3.58 68 5.65 46 3.67 70 5.97 48 3.78 72 6.32 50 3.89 74 6.69 52 4.01 75 6.89 Monthly income amounts for ages not shown are halfway between the two amounts for the nearest two ages which are shown. Guaranteed amounts for ages under 30 are the same as those for age 30; guaranteed amounts for ages over 75 are the same as those for age 75. Amounts shown are based on 1983 Table A mortality with interest at 3%. This benefit is not available if the income would be less than $100 a month. POLICY LOANS Policy Loans - You may obtain loans by written request while this policy is in force on the sole security of the amount in the Loan Account for this policy.

INCOME BENEFITS. Income Benefits - INCOME BENEFITS --- Surrender or withdrawal benefits may be used to purchase a lifetime monthly income. Death benefits may be used to purchase a monthly income for the lifetime of the beneficiary. Monthly income payments will automatically be guaranteed to continue for at least ten years, unless another form of payment is requested. Under the automatic form of payment, if the income recipient dies before the end of the ten-year period, payments will continue to the end of the ten-year period to a person designated by the income recipient in writing. Other options of monthly income benefits are available upon request. We may require evidence of the income recipient's survival when monthly income payments have been made for more than ten years. The purchase rates for the monthly income will be set periodically by the Company. However, under the automatic form, the monthly income bought by each $1000 of benefit amount will always be at least as large as that shown below. Single-Life Single-Life 10 years 10-Years Certain 10 years 10-Years Certain Age Monthly Income Age Monthly Income 30 $3.12 54 $4.15 32 3.17 56 4.30 34 3.23 58 4.47 36 3.29 60 4.66 38 3.35 62 4.87 40 3.42 64 5.10 42 3.50 66 5.36 44 3.58 68 5.65 46 3.67 70 5.97 48 3.78 72 6.32 50 3.89 74 6.69 52 4.01 75 6.89 Monthly income amounts for ages not shown are halfway between the two amounts for the nearest two ages which are shown. Guaranteed amounts for ages under 30 are the same as those for age 30; guaranteed amounts for ages over 75 are the same as those for age 75. Amounts shown are based on 1983 Table A a mortality with interest at 3%. This benefit is not available if the income would be less than $100 a month. POLICY LOANS Policy Loans - POLICY LOANS --- You may obtain loans by written request while this policy is in force on the sole security of the amount in the Loan Account for this policy. AMOUNT AVAILABLE --- The amount available for a loan is equal to 100% of the Accumulated Value in the Fixed Account plus 90% of the Accumulated Value in the Variable Accounts. The minimum amount of a loan must be at least $500. PM may defer granting a loan for up to six months from the date of request. However, we will not defer payment of any loan if it is to be used to pay the premium on any policy currently in force and issued by the company. LOAN INTEREST --- Interest will accrue daily and is payable in arrears at the annual rate of: --- 4.50% for years one through ten; and Any loan interest not paid when due will be added to the loan principal and bear interest at the same rate of interest. LOAN ACCOUNT --- When a loan is taken, an amount equal to the loan is transferred from the Fixed and Variable Accounts into the Loan Account to secure the loan. Unless you request otherwise, loan amounts will be deducted from the Fixed and Variable Accounts on a proportionate basis, up to the amount available. We will credit interest monthly on amounts in the Loan Account at a rate equivalent to an annual effective rate of 4%. On each policy anniversary, if the amount in the Loan Account exceeds policy debt, the excess will be transferred from the Loan Account to the Fixed and Variable Accounts according to your most recent instructions. If policy debt exceeds the amount in the Loan Account, an amount equal to such excess will be transferred from the Fixed and Variable Accounts on a proportionate basis to the Loan Account. REPAYMENT --- Loans may be repaid at any time prior to lapse of this policy. An amount equal to the portion of any loan repaid, but not more than the amount in the Loan Account, will be transferred from the Loan Account to the Fixed and Variable Accounts according to your most recent instructions. Any payment we receive from you while you have a loan will be first considered a premium payment, unless you tell us in writing it is a loan payment.

INCOME BENEFITS. Income Benefits - Surrender or withdrawal benefits may be used to purchase a lifetime monthly income. Death benefits may be used to purchase a monthly income for the lifetime of the beneficiary. Monthly income payments will automatically be guaranteed to continue for at least ten years, unless another form of payment is requested. Under the automatic form of payment, if the income recipient dies before the end of the ten-year period, payments will continue to the end of the ten-year period to a person designated by the income recipient in writing. Other options of monthly income benefits are available upon request. We may require evidence of the income recipient's survival when monthly income payments have been made for more than ten years. The purchase rates for the monthly income will be set periodically by the Company. However, under the automatic form, the monthly income bought by each $1000 of benefit amount will always be at least as large as that shown below. Single-Life Single-Life 10 years 10-Years Certain 10 years 10-Years Certain Age Monthly Income Age Monthly Income 30 $3.12 54 $4.15 32 3.17 56 4.30 34 3.23 58 4.47 36 3.29 60 4.66 38 3.35 62 4.87 40 3.42 64 5.10 42 3.50 66 5.36 44 3.58 68 5.65 46 3.67 70 5.97 48 3.78 72 6.32 50 3.89 74 6.69 52 4.01 75 6.89 Monthly income amounts for ages not shown are halfway between the two amounts for the nearest two ages which are shown. Guaranteed amounts for ages under 30 are the same as those for age 30; guaranteed amounts for ages over 75 are the same as those for age 75. Amounts shown are based on 1983 Table A a mortality with interest at 3%. This benefit is not available if the income would be less than $100 a month. POLICY LOANS Policy Loans - You may obtain loans by written request while this policy is in force on the sole security of the amount in the Loan Account for this policy.

INCOME BENEFITS. Income Benefits - Surrender or withdrawal benefits may be used to purchase buy a lifetime monthly incomeincome as long as the monthly income is at least $100. Death benefits may be used to purchase buy a monthly income for the lifetime of the beneficiary. Monthly The monthly income payments will automatically be is guaranteed to continue for at least ten years, unless another form of payment is requested. Under the automatic form of payment, if the income recipient dies before the end of the ten-year period, payments will continue to the end of the ten-year period to a person designated by the income recipient in writing. Other options of monthly income benefits are available upon request. We may require evidence of the income recipient's survival when monthly income payments have been made for more than ten years. The purchase rates for the monthly income will be set periodically by the Company. However, under the automatic form, the monthly income bought by each $1000 1,000 of benefit amount will always be at least as large as that shown below. Single-Life Single-Life 10 years Certain 10 years Certain Further, we guarantee that if you elect an income benefit, it will be at least equal to that of any single premium immediate annuity that we offer at the time of your election. Age Monthly Income Age Monthly Income Age Income Age Income Age Income 0-30 $3.12 3.09 40 3.37 50 3.81 60 4.54 70 5.78 32 3.14 42 3.44 52 3.93 62 4.73 72 6.11 34 3.19 44 3.52 54 $4.15 32 3.17 4.06 64 4.95 74 6.48 36 3.24 46 3.61 56 4.30 34 3.23 4.20 66 5.20 75+ 6.67 38 3.30 48 3.71 58 4.47 36 3.29 60 4.66 38 3.35 62 4.87 40 3.42 64 5.10 42 3.50 66 5.36 44 3.58 4.36 68 5.65 46 3.67 70 5.97 48 3.78 72 6.32 50 3.89 74 6.69 52 4.01 75 6.89 5.47 Monthly income amounts amount for ages not shown are halfway between the two amounts for the nearest two ages which that are shown. Guaranteed amounts for ages under 30 are the same as those for age 30; guaranteed amounts for ages over 75 are the same as those for age 75. Amounts shown are based on 1983 Table A mortality the Annuity 2000 table with interest at 33.00%. This benefit is not We may require evidence of survival for incomes that last more than ten years. Other Income Options - Surrender, withdrawal or death benefits may be used under any other payment plans that we make available if the income would be less than $100 a month. POLICY LOANS Policy Loans - You may obtain loans by written request while this policy is in force on the sole security of the amount in the Loan Account for this policyat that time.

INCOME BENEFITS. Income Benefits - — Surrender or withdrawal benefits may be used to purchase buy a lifetime monthly incomeincome for the Insured as long as the monthly income is at least $100. Death benefits may be used to purchase buy a monthly income for the lifetime of the beneficiary. Monthly The monthly income payments will automatically be guaranteed to continue for at least ten years, unless another form of payment is requested. Under the automatic form of payment, if the income recipient dies before the end of the ten-year period, payments will continue to the end of the ten-year period to a person designated by the income recipient in writing. Other options of monthly income benefits are available upon request. We may require evidence of the income recipient's survival when monthly income payments have been made for more than ten years. The purchase rates for the monthly income will be set periodically by the Company. However, under the automatic formincome benefit, the monthly income bought by each $1000 1,000 of benefit amount will always never be at least as large as less than that shown below. Single-Life Single-Life 10 years Certain 10 years Certain Age Monthly Income Age Monthly Income 30 $3.12 Further, we guarantee that if you elect an income benefit, it will be at least equal to that of the corresponding single premium immediate annuity that we offer at the time of your election. 32 2.42 42 2.69 52 3.10 62 3.76 72 4.92 34 2.47 44 2.76 54 $4.15 32 3.17 3.20 64 3.94 74 5.26 36 2.52 46 2.83 56 4.30 34 3.23 3.32 66 4.14 75+ 5.45 38 2.57 48 2.91 58 4.47 36 3.29 60 4.66 38 3.35 62 4.87 40 3.42 64 5.10 42 3.50 66 5.36 44 3.58 3.45 68 5.65 46 3.67 70 5.97 48 3.78 72 6.32 50 3.89 74 6.69 52 4.01 75 6.89 4.37 Monthly income amounts for ages not shown are halfway between the two amounts for the nearest two ages which that are shown. Guaranteed amounts for ages under 30 are the same as those for age 30; guaranteed amounts for ages over 75 are the same as those for age 75. Amounts shown are based on 1983 Table A an annual interest rate of 2% and the Annuity 2000 mortality table with interest at 3%an age setback 5 years. This benefit is not available if the income would be less than $100 a month. POLICY LOANS Policy Loans - You We may obtain loans by written request while this policy require evidence of survival for incomes that last more than ten years. Other Income Options — Surrender, withdrawal or Death Benefits may be used under any other payment plans that we make available at that time. There is in force on the sole security of the amount in the Loan Account for this policyalso an Interest Only Settlement Option available under which we will credit interest monthly.