Common use of Joint and Last Survivor Life Annuity Clause in Contracts

Joint and Last Survivor Life Annuity. An Annuity payable during the lifetimes of the Annuitant and the Joint Annuitant and thereafter during the remaining lifetime of the survivor. At the time of electing this Annuity option, the Contract Owner may elect reduced payments over the remaining lifetime of the survivor. Payments will cease with the last payment prior to the death of the survivor. FIFTH OPTION - Joint and Last Survivor Life Annuity with Payments for a Period Certain - An Annuity payable for a fixed number of years and during the lifetimes of the Annuitant and the Joint Annuitant and thereafter during the remaining lifetime of the survivor. At the time of electing this Annuity option, the Contract Owner may elect reduced payments over the remaining lifetime of the survivor. If at the death of the survivor, payments have been made for less than the period selected, the remaining payments will be made to the Beneficiary. The Beneficiary may elect to receive the present value of the remaining payments in one sum. To calculate the present value for fixed Annuity payments, We will use the same interest rate that was used to determine the amount of the Annuity payments. To calculate the present value of variable Annuity payments, We will use the AIR elected by the Contract Owner when this Annuity option was selected and the Annuity Unit value on the date of receipt of Due Proof of Death. VA99-18/19 Page 19 PRINTED IN U.S.A. SETTLEMENT PROVISIONS (CONTINUED) SIXTH OPTION - Payment for a Period Certain - An Annuity payable for a fixed number of years with periods of 10 years or greater available at any time and periods of 5 to 10 years available on or after the second Contract

Joint and Last Survivor Life Annuity. An Annuity annuity payable monthly during the lifetimes joint lifetime of the Annuitant Annuitant, and the Joint Annuitant a secondary Annuitant, and thereafter during the remaining lifetime of the survivor. At the time of electing this Annuity option, the Contract Owner may elect reduced payments over the remaining lifetime of the survivor. Payments will cease ceasing with the last payment prior to the death of the survivor. FIFTH OPTION Fourth Option - Joint and Last Survivor Life Annuity with Payments for a Designated Period Certain - An Annuity payable We make annuity payments monthly to an Annuitant or other properly-designated Payee, or at his or her death, to the Beneficiary, for a fixed selected number of years and during ranging from five to 40. If this option is selected on a variable basis, the lifetimes designated period may not exceed the life expectancy of the Annuitant and the Joint Annuitant and thereafter during the remaining lifetime or other properly-designated Payee. A Payee who receives Variable Annuity Payments under Option 4 can elect at any time to withdraw all or a portion of the survivor. At the time of electing this Annuity option, the Contract Owner may elect reduced payments over the remaining lifetime of the survivor. If at the death of the survivor, payments have been made for less than the period selected, the remaining payments will be made to the Beneficiary. The Beneficiary may elect to receive the present value of the remaining payments in Variable Annuity Payments. It does not apply to Fixed Annuity Payments. The Payee will receive one sumpayment for the withdrawal. To We calculate the value of any remaining Variable Annuity Payments under Option 4 by assuming that each payment is equal and by discounting each payment to the present at an annual rate of 3.5% (the "assumed amount"). We calculate the "assumed amount" of each remaining payment as of the end of the Valuation Period in which We receive a Written request for withdrawal. Under Option 4 each time the Payee withdraws a portion of the value for fixed of the Variable Annuity paymentsPayments, the remaining Variable Annuity Payments will all be reduced proportionately. If the Payee elects to withdraw all of the value of the Variable Annuity Payments, such payments cease. The Contract terminates at that time unless We will use still owe Fixed Annuity Payments. Fifth Option - Payments of a Specific Dollar Amount - The amount due may be paid in equal monthly installments of a designated dollar amount (not less than $125 nor more than $200 per annum per $1,000 of the same interest rate that was used to determine original amount due) until the remaining balance is less than the amount of one installment. Payments under this option are available on a fixed basis only. To determine the remaining balance at the end of any month, such balance at the end of the previous month is decreased by the amount of any installment paid during the month and the result will be accumulated at an interest rate not less than 3.5% compounded annually. If the remaining balance at any time is less than the amount of one installment such balance will be paid and will be the final payment under the option. In lieu of monthly payments, payments may be elected on a quarterly, semi-annual or annual basis, in which case the amount of each annuity payment will be determined on a basis consistent with that described in this Contract for monthly payments. No election of any Annuity Payment Option may be made in the case where fixed or variable annuity payments are elected, unless a minimum initial annuity payment of $100 will be provided. No election of any Annuity Option may be made in the case where a combination of a fixed and a variable annuity payment is elected, unless a minimum initial annuity payment of $50 on each basis will be provided. If the initial annuity payment does not meet the minimum amount required for the Annuity paymentsOption elected, the Company will provide a less frequent payment schedule. To calculate If the present value minimum is still not met, the Company will make a lump-sum payment of variable Annuity paymentsthe Account Value (less any uncollected Enhanced Death Benefit charge, We will use the AIR elected by the Contract Owner when this Annuity option was selected and the Annuity Unit value on applicable Premium Tax or other tax charge) as of the date of receipt of Due Proof of Death. VA99this determination to the Annuitant or other properly-18/19 Page 19 PRINTED IN U.S.A. SETTLEMENT PROVISIONS (CONTINUED) SIXTH OPTION - Payment for a Period Certain - An Annuity payable for a fixed number of years with periods of 10 years or greater available at any time and periods of 5 to 10 years available on or after the second Contractdesignated Payee.

Joint and Last Survivor Life Annuity. An Annuity payable during the lifetimes of the Annuitant and the Joint Annuitant and thereafter during the remaining lifetime of the survivor. At the time of electing this Annuity option, the Contract Owner may elect reduced payments over the remaining lifetime of the survivor. Payments will cease with the last payment prior to the death of the survivor. FIFTH OPTION - Joint and Last Survivor Life Annuity with Payments for a Period Certain - An Annuity payable for a fixed number of years and during the lifetimes of the Annuitant and the Joint Annuitant and thereafter during the remaining lifetime of the survivor. At the time of electing this Annuity option, the Contract Owner may elect reduced payments over the remaining lifetime of the survivor. If at the death of the survivor, payments have been made for less than the period selected, the remaining payments will be made to the Beneficiary. The Beneficiary may elect to receive the present value of the remaining payments in one sum. To calculate the present value for fixed Annuity payments, We will use the same interest rate that was used to determine the amount of the Annuity payments. To calculate the present value of variable Annuity payments, We will use the AIR elected by the Contract Owner when this Annuity option was selected and the Annuity Unit value on the date of receipt of Due Proof of Death. VA99-18/19 Page 19 PRINTED IN U.S.A. R563R0.FRM SETTLEMENT PROVISIONS (CONTINUED) SIXTH OPTION - Payment for a Period Certain - An Annuity payable for a fixed number of years with periods of 10 years or greater available at any time and periods of 5 to 10 years available on or after the second ContractContract Anniversary. Payments will be made for the period and frequency selected unless You surrender this contract after payments have commenced by submitting a written request to Us (only available with variable Annuity payments). The amount available to You is the Commuted Value, less any applicable contingent deferred sales charge. If at the death of the Annuitant, payments have been made for less than the period selected, the remaining payments will be made to the Beneficiary. The Beneficiary may elect to receive the present value of the remaining payments in one sum. To calculate the present value for fixed Annuity payments, We will use the same interest rate that was used to determine the amount of the Annuity payments. To calculate the present value of variable Annuity payments, We will use the AIR elected by the Contract Owner when this Annuity option was selected and the Annuity Unit value on the date of receipt of Due Proof of Death. SEVENTH OPTION - Annuity Proceeds Settlement Option - Proceeds from the Death Benefit can be left with Us for a period not to exceed five years from the date of the Contract Owner's or the Annuitant's death prior to the Annuity Commencement Date. The proceeds will remain in the Sub-Account(s) to which they were allocated at the time of death unless the Beneficiary elects to reallocate them. Full or partial withdrawals may be made at any time. In the event of withdrawals, the remaining value will equal the Contract Value of the proceeds left with Us, minus any withdrawals.