Common use of Joint Annuitant Clause in Contracts

Joint Annuitant. The Owner may elect to add a Joint Annuitant prior to the first Eligible Withdrawal, or the election of an Optional Income Plan, whichever occurs first. If a Joint Annuitant has been elected, then we will pay the Benefit Payments or income plan payments, as applicable, for the lifetime of the Annuitant or Joint Annuitant, whoever lives longer. The Joint Annuitant cannot be changed or removed once the first Eligible Withdrawal has been taken or the Payout Phase has begun, whichever occurs first. The Certificate cannot have more than one Joint Annuitant. If there is only one Owner, and Joint Annuitant is selected, then the Joint Annuitant must be the Owner’s Spouse who must also be the sole Primary Beneficiary of the Certificate. If there are joint Owners, and a Joint Annuitant is selected, then the Joint Annuitant must be the other Owner. If the Owner is a non-living person, other than the custodian or trustee of an IRA, a Joint Annuitant is not allowed. If the Owner is the custodian or trustee of an IRA, and a Joint Annuitant is selected, then the Joint Annuitant must be the Spouse of the Annuitant and the sole beneficiary of the IRA. The Owner assumes responsibility for ensuring that the Joint Annuitant satisfies these conditions at the time of issue and until the Certificate terminates. We may require proof of age, sex and marriage when the Joint Annuitant is added to the Certificate. Beneficiary For purposes of the Payout Phase section, and Certificate continuation under the Death of Owner provision, there are two classes of Beneficiaries, Primary Beneficiary(ies) and Contingent Beneficiary(ies). Primary Beneficiaries and Contingent Beneficiaries are individually and collectively referred to herein as “Beneficiaries.” The Primary Beneficiary is the person(s) named on the Certificate Data Page unless later changed by the Owner. The Primary Beneficiary is the Beneficiary(ies) who is first entitled to receive benefits under the Certificate upon the death of the sole surviving Owner. The Contingent Beneficiary is the person(s) named on the Certificate Data Page unless later changed by the Owner. The Contingent Beneficiary is entitled to receive benefits under the Certificate upon the death of the sole surviving Owner, when all Primary Beneficiaries predecease the sole surviving Owner. Unless the Owner has designated an irrevocable Beneficiary, the Owner may change or add Beneficiaries at any time, subject to the Joint Annuitant provision, by written request in a timely manner, in a form satisfactory to us. Once we accept a request, the change will take effect on the date the Owner signed the request. Any change is subject to any payment we make or other action we take before we accept the change. If no named Beneficiary is living when the sole surviving Owner dies, or if a Beneficiary has not been named, the new Beneficiary will be: • The Owner’s Spouse (or person of equivalent legal status based on applicable state law), or if he or she is no longer living; • The Owner’s surviving children equally, or if the Owner has no surviving children; • The Owner’s estate. For the purposes of the Certificate, children are natural children and legally adopted children only. Unless the Owner has provided written directions to the contrary, in a form satisfactory to us, the Beneficiaries in a class will take equal shares. If there is more than one Beneficiary in a class, and one of the Beneficiaries predeceases the Owner, the deceased Beneficiary’s entire share will be divided among the remaining Beneficiaries in that class in proportion to the remaining Beneficiaries’ original shares. .

Joint Annuitant. The person named in the application and in the Contract Data Page upon whose life the payout of this annuity is based and who will receive annuity payouts. If you select a Joint Annuitant, “Annuitant” means the older Joint Annuitant or the sole surviving Joint Annuitant. Joint Annuitants must be one another’s Spouse as of the Effective Date. If a Contingent Annuitant is named, then the Annuitant will be considered the primary Annuitant. Annuity Commencement Date - The date annuity payouts begin, as shown on the Contract Data Page, which is either the Payout Election Date or the Annuitant’s 99th birthday if no Payout Election Date has been established. The Owner may elect change the Annuity Commencement Date if annuity payouts have not already begun. Upon death of the Owner, the Beneficiary may change the Annuity Commencement Date only if the Beneficiary is the Owner's surviving spouse and elects to add a Joint Annuitant continue the Contract. In all cases, the Annuity Commencement Date must occur prior to the first Eligible WithdrawalAnnuitant's 99th birthday. Grantor - the natural person who is treated under Sections 671 through 679 of the Code as owning the assets of a Grantor Trust. All Grantors must be individuals. Grantor Trust - a trust, the assets of which are treated under Sections 671 through 679 of the Code as being owned by the Grantor(s). We allow a Grantor Trust to be an Owner only if it either has a single Grantor who is a natural person, or the election of an Optional Income Plan, whichever occurs first. If a Joint Annuitant has been elected, then we will pay the Benefit Payments or income plan payments, two Grantors who are one another’s Spouse as applicable, for the lifetime of the Annuitant Effective Date. Owner(s) - the person or Joint Annuitantpersons named on the Contract Data Page and Rider Data Page, whoever lives longerif applicable. The Owner is entitled to exercise all rights and privileges under the Contract while the Annuitant is living. Joint Annuitant cannot Owners must be changed or removed once one another’s Spouse as of the first Eligible Withdrawal has been taken or the Payout Phase has begun, whichever occurs firstEffective Date and must both be natural persons. The Certificate cannot have more than one Joint AnnuitantAnnuitant will be the Owner unless otherwise indicated in the application. If there is only one Owner, and Joint Annuitant is selected, then the Joint Annuitant The Owner must be the Owner’s Spouse who must also be the sole Primary Beneficiary of the Certificate. If there are joint Owners, and either a Joint Annuitant is selected, then the Joint Annuitant must be the other Ownernatural person or a Grantor Trust. If the Owner is a non-living personGrantor Trust, other than all references in the custodian or trustee of an IRA, a Joint Annuitant is not allowed. If the Owner is the custodian or trustee of an IRA, Contract and a Joint Annuitant is selected, then the Joint Annuitant must be the Spouse of the Annuitant and the sole beneficiary of the IRA. The Owner assumes responsibility for ensuring that the Joint Annuitant satisfies these conditions at the time of issue and until the Certificate terminates. We may require proof of age, sex and marriage when the Joint Annuitant is added Rider to the Certificate. Beneficiary For purposes of the Payout Phase sectionlife, and Certificate continuation under the Death of Owner provision, there are two classes of Beneficiaries, Primary Beneficiary(ies) and Contingent Beneficiary(ies). Primary Beneficiaries and Contingent Beneficiaries are individually and collectively referred to herein as “Beneficiaries.” The Primary Beneficiary is the person(s) named on the Certificate Data Page unless later changed by the Owner. The Primary Beneficiary is the Beneficiary(ies) who is first entitled to receive benefits under the Certificate upon the age or death of the sole surviving Owner. The Contingent Beneficiary is Owner shall pertain to the person(s) named on the Certificate Data Page unless later changed by the Owner. The Contingent Beneficiary is entitled to receive benefits under the Certificate upon the life, age or death of the sole surviving Owner, when all Primary Beneficiaries predecease the sole surviving OwnerGrantor(s). Unless the Owner has designated an irrevocable Beneficiary, the Owner may change or add Beneficiaries at any time, subject to the Joint Annuitant provision, by written request in a timely manner, in a form satisfactory to us. Once we accept a request, the change will take effect on Payout Election Date - the date on which Investment Segment annuity payouts or periodic withdrawals begin. Payout Election Date must occur before the Owner signed Annuitant’s 99th birthday. Rider(s) - The Guaranteed Lifetime Withdrawal Benefit Rider(s) issued by the requestCompany that are initiated by allocating money to an Income Segment Covered Fund. Any change is subject Spouse - A person recognized as a spouse in the state where the couple was legally married. The term does not include a party to any payment we make or other action we take before we accept the change. If no named Beneficiary is living when the sole surviving Owner diesa registered domestic partnership, civil union, or if similar formal relationship recognized under state law that is not denominated a Beneficiary has not been named, the new Beneficiary will be: • The Ownermarriage under that state’s Spouse (or person of equivalent legal status based on applicable state law), or if he or she is no longer living; • The Owner’s surviving children equally, or if the Owner has no surviving children; • The Owner’s estate. For the purposes of the Certificate, children are natural children and legally adopted children only. Unless the Owner has provided written directions to the contrary, in a form satisfactory to us, the Beneficiaries in a class will take equal shares. If there is more than one Beneficiary in a class, and one of the Beneficiaries predeceases the Owner, the deceased Beneficiary’s entire share will be divided among the remaining Beneficiaries in that class in proportion to the remaining Beneficiaries’ original shares. .

Joint Annuitant. The person named as Joint Annuitant on page one and who may receive lifetime benefits with the Annuitant. Joint Annuitants will be considered a single entity. JOINT OWNER If more than one Owner may elect to add has been designated, each Owner shall be a Joint Annuitant Owner of the contract. Joint Owners have equal ownership rights and must both authorize any exercising of those ownership rights unless otherwise permitted by us. MARKET VALUE ADJUSTMENT ("MVA") The adjustment made to any amount you withdraw, surrender, apply to provide Annuity Payments, or transfer from the Guaranteed Term Account prior to the first Eligible WithdrawalRenewal Date. This adjustment may be positive or negative and reflects the impact of changes in applicable interest rates between the time the Purchase Payment, transfer, or renewal is allocated to the Guaranteed Term Account and the time of the withdrawal, surrender, Annuity Payment election or transfer. MATURITY DATE The date this contract matures. The Maturity Date will be the first of an Optional Income Plan, whichever occurs firstthe month following the later of: (a) the Annuitant's 85th birthday; or (b) ten years after the Contract Date. OWNER The person(s) who has (have) all rights under this contract. If a your contract names Joint Annuitant has been electedOwners, then we will pay Owner means both Joint Owners. Any named Owner must be under the Benefit Payments or income plan payments, age of 91 as applicable, for the lifetime of the Annuitant or Joint Annuitant, whoever lives longer. The Joint Annuitant cannot be changed or removed once the first Eligible Withdrawal has been taken or the Payout Phase has begun, whichever occurs first. The Certificate cannot have more than one Joint Annuitantyour Contract Date. If there your contract allows you to change Owners after the contract is only one Ownerissued, and Joint Annuitant is selected, then the Joint Annuitant any new Owners must be under the Owner’s Spouse who must also be the sole Primary Beneficiary age of the Certificate. If there are joint Owners, and a Joint Annuitant is selected, then the Joint Annuitant must be the other Owner. If the Owner is a non-living person, other than the custodian or trustee of an IRA, a Joint Annuitant is not allowed. If the Owner is the custodian or trustee of an IRA, and a Joint Annuitant is selected, then the Joint Annuitant must be the Spouse of the Annuitant and the sole beneficiary of the IRA. The Owner assumes responsibility for ensuring that the Joint Annuitant satisfies these conditions 91 at the time of issue and until change or addition. PURCHASE PAYMENTS Amounts paid to us as consideration for the Certificate terminatesbenefits provided by this contract. We RENEWAL DATE The first day following the last day of any Guarantee Period in the Guaranteed Term Account. If this date is not a Valuation Date, the renewal will occur on the next available Valuation Date. SUB-ACCOUNT The subdivisions of the Variable Account to which you may require proof allocate your Purchase Payments or transfers. The assets of age, sex and marriage when the Joint Annuitant Sub-Accounts are invested in the corresponding Funds. SURRENDER VALUE The amount payable to you on surrender of this contract. The Surrender Value is added equal to the CertificateContract Value adjusted for any applicable MVA and deferred sales charge. Beneficiary For purposes of the Payout Phase section, and Certificate continuation under the Death of Owner provision, there are two classes of Beneficiaries, Primary Beneficiary(ies) and Contingent Beneficiary(ies). Primary Beneficiaries and Contingent Beneficiaries are individually and collectively referred to herein as “Beneficiaries.” The Primary Beneficiary is the person(s) named on the Certificate Data Page unless later changed by the Owner. The Primary Beneficiary is the Beneficiary(ies) who is first entitled to receive benefits under the Certificate upon the death of the sole surviving Owner. The Contingent Beneficiary is the person(s) named on the Certificate Data Page unless later changed by the Owner. The Contingent Beneficiary is entitled to receive benefits under the Certificate upon the death of the sole surviving Owner, when all Primary Beneficiaries predecease the sole surviving Owner. Unless the Owner has designated an irrevocable Beneficiary, the Owner may change or add Beneficiaries at any time, subject to the Joint Annuitant provision, by written request in a timely manner, in a form satisfactory to us. Once we accept a request, the change will take effect on the date the Owner signed the request. Any change is subject to any payment we make or other action we take before we accept the change. If no named Beneficiary is living when the sole surviving Owner dies, or if a Beneficiary has not been named, the new Beneficiary will be: • The Owner’s Spouse (or person of equivalent legal status based on applicable state law), or if he or she is no longer living; • The Owner’s surviving children equally, or if the Owner has no surviving children; • The Owner’s estate. For the purposes of the Certificate, children are natural children and legally adopted children only. Unless the Owner has provided written directions to the contrary, in a form satisfactory to us, the Beneficiaries in a class will take equal shares. If there is more than one Beneficiary in a class, and one of the Beneficiaries predeceases the Owner, the deceased Beneficiary’s entire share will be divided among the remaining Beneficiaries in that class in proportion to the remaining Beneficiaries’ original shares. .TREASURY RATE

Joint Annuitant. The person named as Joint Annuitant on page one and who may receive lifetime benefits with the Annuitant. Joint Annuitants will be considered a single entity. JOINT OWNER If more than one Owner may elect to add has been designated, each Owner shall be a Joint Annuitant Owner of the contract. Joint Owners have equal ownership rights and must both authorize any exercising of those ownership rights unless otherwise permitted by us. MARKET VALUE ADJUSTMENT ("MVA") The adjustment made to any amount you withdraw, surrender, apply to provide Annuity Payments, or transfer from the Guaranteed Term Account prior to the first Eligible WithdrawalRenewal Date. This adjustment may be positive or negative and reflects the impact of changes in applicable interest rates between the time the Purchase Payment, transfer, or renewal is allocated to the Guaranteed Term Account and the time of the withdrawal, surrender, Annuity Payment election or transfer. MATURITY DATE The date this contract matures. The Maturity Date will be the first of an Optional Income Plan, whichever occurs firstthe month following the later of: (a) the Annuitant's 85th birthday; or (b) ten years after the Contract Date. OWNER The person(s) who has (have) all rights under this contract. If a your contract names Joint Annuitant has been electedOwners, then we will pay Owner means both Joint Owners. Any named Owner must be under the Benefit Payments or income plan payments, age of 91 as applicable, for the lifetime of the Annuitant or Joint Annuitant, whoever lives longer. The Joint Annuitant cannot be changed or removed once the first Eligible Withdrawal has been taken or the Payout Phase has begun, whichever occurs first. The Certificate cannot have more than one Joint Annuitantyour Contract Date. If there your contract allows you to change Owners after the contract is only one Ownerissued, and Joint Annuitant is selected, then the Joint Annuitant any new Owners must be under the Owner’s Spouse who must also be the sole Primary Beneficiary age of the Certificate. If there are joint Owners, and a Joint Annuitant is selected, then the Joint Annuitant must be the other Owner. If the Owner is a non-living person, other than the custodian or trustee of an IRA, a Joint Annuitant is not allowed. If the Owner is the custodian or trustee of an IRA, and a Joint Annuitant is selected, then the Joint Annuitant must be the Spouse of the Annuitant and the sole beneficiary of the IRA. The Owner assumes responsibility for ensuring that the Joint Annuitant satisfies these conditions 91 at the time of issue and until change or addition. PURCHASE PAYMENTS Amounts paid to us as consideration for the Certificate terminatesbenefits provided by this contract. We RENEWAL DATE The first day following the last day of any Guarantee Period in the Guaranteed Term Account. If this date is not a Valuation Date, the renewal will occur on the next available Valuation Date. SUB-ACCOUNT The subdivisions of the Variable Account to which you may require proof allocate your Purchase Payments or transfers. The assets of age, sex and marriage when the Joint Annuitant Sub-Accounts are invested in the corresponding Funds. SURRENDER VALUE The amount payable to you on surrender of this contract. The Surrender Value is added equal to the CertificateContract Value adjusted for any applicable MVA. Beneficiary For purposes of the Payout Phase section, and Certificate continuation under the Death of Owner provision, there are two classes of Beneficiaries, Primary Beneficiary(ies) and Contingent Beneficiary(ies). Primary Beneficiaries and Contingent Beneficiaries are individually and collectively referred to herein as “Beneficiaries.” The Primary Beneficiary is the person(s) named on the Certificate Data Page unless later changed by the Owner. The Primary Beneficiary is the Beneficiary(ies) who is first entitled to receive benefits under the Certificate upon the death of the sole surviving Owner. The Contingent Beneficiary is the person(s) named on the Certificate Data Page unless later changed by the Owner. The Contingent Beneficiary is entitled to receive benefits under the Certificate upon the death of the sole surviving Owner, when all Primary Beneficiaries predecease the sole surviving Owner. Unless the Owner has designated an irrevocable Beneficiary, the Owner may change or add Beneficiaries at any time, subject to the Joint Annuitant provision, by written request in a timely manner, in a form satisfactory to us. Once we accept a request, the change will take effect on the date the Owner signed the request. Any change is subject to any payment we make or other action we take before we accept the change. If no named Beneficiary is living when the sole surviving Owner dies, or if a Beneficiary has not been named, the new Beneficiary will be: • The Owner’s Spouse (or person of equivalent legal status based on applicable state law), or if he or she is no longer living; • The Owner’s surviving children equally, or if the Owner has no surviving children; • The Owner’s estate. For the purposes of the Certificate, children are natural children and legally adopted children only. Unless the Owner has provided written directions to the contrary, in a form satisfactory to us, the Beneficiaries in a class will take equal shares. If there is more than one Beneficiary in a class, and one of the Beneficiaries predeceases the Owner, the deceased Beneficiary’s entire share will be divided among the remaining Beneficiaries in that class in proportion to the remaining Beneficiaries’ original shares. .TREASURY RATE

Joint Annuitant. The person named as Joint Annuitant upon whose life, together with the Annuitant, Annuity Payments may be determined. If Joint Annuitants are named, all references to Annuitant shall mean the Joint Annuitants. JOINT OWNER If more than one Owner may elect to add has been designated, each Owner shall be a Joint Annuitant Owner of the contract. Joint Owners have equal ownership rights and must both authorize any exercising of those ownership rights unless otherwise permitted by us. MARKET VALUE ADJUSTMENT ("MVA") The adjustment made to any amount you withdraw, surrender, apply to provide Annuity Payments, or transfer from the Guaranteed Term Account prior to the first Eligible WithdrawalRenewal Date. This adjustment may be positive or negative and reflects the impact of changes in applicable interest rates between the time the Purchase Payment, transfer, or renewal is allocated to the Guaranteed Term Account and the time of the withdrawal, surrender, Annuity Payment election or transfer. MATURITY DATE The date this contract matures. The Maturity Date will be the first of an Optional Income Plan, whichever occurs firstthe month following the later of: (a) the Annuitant's 85th birthday; or (b) ten years after the Contract Date. OWNER The person(s) who has (have) all rights under this contract. If a your contract names Joint Annuitant has been electedOwners, then we will pay Owner means both Joint Owners. Any named Owner must be under the Benefit Payments or income plan payments, age of 91 as applicable, for the lifetime of the Annuitant or Joint Annuitant, whoever lives longer. The Joint Annuitant cannot be changed or removed once the first Eligible Withdrawal has been taken or the Payout Phase has begun, whichever occurs first. The Certificate cannot have more than one Joint Annuitantyour Contract Date. If there your contract allows you to change Owners after the contract is only one Ownerissued, and Joint Annuitant is selected, then the Joint Annuitant any new Owners must be under the Owner’s Spouse who must also be the sole Primary Beneficiary age of the Certificate. If there are joint Owners, and a Joint Annuitant is selected, then the Joint Annuitant must be the other Owner. If the Owner is a non-living person, other than the custodian or trustee of an IRA, a Joint Annuitant is not allowed. If the Owner is the custodian or trustee of an IRA, and a Joint Annuitant is selected, then the Joint Annuitant must be the Spouse of the Annuitant and the sole beneficiary of the IRA. The Owner assumes responsibility for ensuring that the Joint Annuitant satisfies these conditions 91 at the time of issue and until change or addition. PURCHASE PAYMENTS Amounts paid to us as consideration for the Certificate terminatesbenefits provided by this contract. We RENEWAL DATE The first day following the last day of any Guarantee Period in the Guaranteed Term Account. If this date is not a Valuation Date, the renewal will process on the next available Valuation Date. SUB-ACCOUNT The subdivisions of the Variable Account to which you may require proof allocate your Purchase Payments or transfers. The assets of age, sex and marriage when the Joint Annuitant Sub-Accounts are invested in the corresponding Funds. SURRENDER VALUE The amount payable to you on surrender of this contract. The Surrender Value is added equal to the CertificateContract Value less the annual maintenance fee, if any, and adjusted for any applicable MVA and deferred sales charge. Beneficiary For purposes SWAP RATE The weekly average of the Payout Phase section, and Certificate continuation under the Death of Owner provision, there are two classes of Beneficiaries, Primary Beneficiary(ies) and Contingent Beneficiary(ies)'Interest Rate Swap' rates as reported in Federal Reserve Bulletin Release H.15. Primary Beneficiaries and Contingent Beneficiaries are individually and collectively referred to herein as “Beneficiaries.” VALUATION DATE Any date on which a Fund is valued. VALUATION PERIOD The Primary Beneficiary is the person(speriod between successive Valuation Dates. VARIABLE ACCOUNT The separate investment account(s) named on the Certificate Data Page unless later changed by the Ownerpage one and used for this class of contracts under Minnesota law. The Primary Beneficiary Variable Account is the Beneficiary(ies) who is first entitled to receive benefits under the Certificate upon the death comprised of several Sub-Accounts. The assets of the sole surviving Owner. The Contingent Beneficiary is the person(s) named on the Certificate Data Page unless later changed by the Owner. The Contingent Beneficiary is entitled to receive benefits under the Certificate upon the death of the sole surviving Owner, when all Primary Beneficiaries predecease the sole surviving Owner. Unless the Owner has designated an irrevocable Beneficiary, the Owner may change or add Beneficiaries at any time, Variable Account are ours and are not subject to the Joint Annuitant provisionclaims arising out of any other business of ours. WE, OUR, US Minnesota Life Insurance Company. WRITTEN REQUEST A written notice, signed by written request in a timely manneryou, in a form satisfactory approved by or acceptable to us. Once In some cases, we accept a requestmay require that this contract be sent in with your Written Request. YOU, the change will take effect on the date YOUR The person named as the Owner signed the requestor Joint Owner. Any change is subject to any payment we make or other action we take before we accept the change. If no named Beneficiary is living when the sole surviving Owner dies, or if a Beneficiary has not been named, the new Beneficiary will be: • The Owner’s Spouse (or person of equivalent legal status based on applicable state law), or if he or she is no longer living; • The Owner’s surviving children equally, or if the Owner has no surviving children; • The Owner’s estate. For the purposes of the Certificate, children are natural children and legally adopted children only. Unless the Owner has provided written directions to the contrary, in a form satisfactory to us, the Beneficiaries in a class will take equal shares. If there is more than one Beneficiary in a class, and one of the Beneficiaries predeceases the Owner, the deceased Beneficiary’s entire share will be divided among the remaining Beneficiaries in that class in proportion to the remaining Beneficiaries’ original shares. .GENERAL PROVISIONS

Joint Annuitant. The person named as Joint Annuitant on page one and who may receive lifetime benefits with the Annuitant. Joint Annuitants will be considered a single entity. JOINT OWNER If more than one Owner may elect to add has been designated, each Owner shall be a Joint Annuitant Owner of the contract. Joint Owners have equal ownership rights and must both authorize any exercising of those ownership rights unless otherwise permitted by us. MARKET VALUE ADJUSTMENT ("MVA") The adjustment made to any amount you withdraw, surrender, apply to provide Annuity Payments, or transfer from the Guaranteed Term Account prior to the first Eligible WithdrawalRenewal Date. This adjustment may be positive or negative and reflects the impact of changes in applicable interest rates between the time the Purchase Payment, transfer, or renewal is allocated to the Guaranteed Term Account and the time of the withdrawal, surrender, Annuity Payment election or transfer. MATURITY DATE The date this contract matures. The Maturity Date will be the first of an Optional Income Plan, whichever occurs firstthe month following the later of: (a) the Annuitant's 85th birthday; or (b) ten years after the Contract Date. OWNER The person(s) who has (have) all rights under this contract. If a your contract names Joint Annuitant has been electedOwners, then we will pay Owner means both Joint Owners. Any named Owner must be under the Benefit Payments or income plan payments, age of 91 as applicable, for the lifetime of the Annuitant or Joint Annuitant, whoever lives longer. The Joint Annuitant cannot be changed or removed once the first Eligible Withdrawal has been taken or the Payout Phase has begun, whichever occurs first. The Certificate cannot have more than one Joint Annuitantyour Contract Date. If there your contract allows you to change Owners after the contract is only one Ownerissued, and Joint Annuitant is selected, then the Joint Annuitant any new Owners must be under the Owner’s Spouse who must also be the sole Primary Beneficiary age of the Certificate. If there are joint Owners, and a Joint Annuitant is selected, then the Joint Annuitant must be the other Owner. If the Owner is a non-living person, other than the custodian or trustee of an IRA, a Joint Annuitant is not allowed. If the Owner is the custodian or trustee of an IRA, and a Joint Annuitant is selected, then the Joint Annuitant must be the Spouse of the Annuitant and the sole beneficiary of the IRA. The Owner assumes responsibility for ensuring that the Joint Annuitant satisfies these conditions 91 at the time of issue and until change or addition. PURCHASE PAYMENTS Amounts paid to us as consideration for the Certificate terminatesbenefits provided by this contract. We RENEWAL DATE The first day following the last day of any Guarantee Period in the Guaranteed Term Account. If this date is not a Valuation Date, the renewal will occur on the next available Valuation Date. SUB-ACCOUNT The subdivisions of the Variable Account to which you may require proof allocate your Purchase Payments or transfers. The assets of age, sex and marriage when the Joint Annuitant Sub-Accounts are invested in the corresponding Funds. SURRENDER VALUE The amount payable to you on surrender of this contract. The Surrender Value is added equal to the CertificateContract Value less the annual maintenance fee and adjusted for any applicable MVA and deferred sales charge. Beneficiary For purposes of the Payout Phase section, and Certificate continuation under the Death of Owner provision, there are two classes of Beneficiaries, Primary Beneficiary(ies) and Contingent Beneficiary(ies). Primary Beneficiaries and Contingent Beneficiaries are individually and collectively referred to herein as “Beneficiaries.” The Primary Beneficiary is the person(s) named on the Certificate Data Page unless later changed by the Owner. The Primary Beneficiary is the Beneficiary(ies) who is first entitled to receive benefits under the Certificate upon the death of the sole surviving Owner. The Contingent Beneficiary is the person(s) named on the Certificate Data Page unless later changed by the Owner. The Contingent Beneficiary is entitled to receive benefits under the Certificate upon the death of the sole surviving Owner, when all Primary Beneficiaries predecease the sole surviving Owner. Unless the Owner has designated an irrevocable Beneficiary, the Owner may change or add Beneficiaries at any time, subject to the Joint Annuitant provision, by written request in a timely manner, in a form satisfactory to us. Once we accept a request, the change will take effect on the date the Owner signed the request. Any change is subject to any payment we make or other action we take before we accept the change. If no named Beneficiary is living when the sole surviving Owner dies, or if a Beneficiary has not been named, the new Beneficiary will be: • The Owner’s Spouse (or person of equivalent legal status based on applicable state law), or if he or she is no longer living; • The Owner’s surviving children equally, or if the Owner has no surviving children; • The Owner’s estate. For the purposes of the Certificate, children are natural children and legally adopted children only. Unless the Owner has provided written directions to the contrary, in a form satisfactory to us, the Beneficiaries in a class will take equal shares. If there is more than one Beneficiary in a class, and one of the Beneficiaries predeceases the Owner, the deceased Beneficiary’s entire share will be divided among the remaining Beneficiaries in that class in proportion to the remaining Beneficiaries’ original shares. .TREASURY RATE