Common use of Joint Designated Clause in Contracts

Joint Designated. Life The person listed in Rider Specifications upon whose lifetime, along with the Designated Life, will be used to determine the benefits under this rider. The Joint Designated Life is the Joint Owner or the sole primary beneficiary on the contract unless otherwise agreed to by us. A Joint Designated Life may be removed due to divorce but otherwise may not be added or changed after the Rider Effective Date. All references to Designated Life will include the Designated Life and Joint Designated Life. Qualified Contract A contract issued to a retirement plan or arrangement that receives favorable tax treatment under Section 401, 404, 408, 408A and 457 of the Internal Revenue Code, as amended. [A123456] ICC20-70561 Minnesota Life 2 General Provisions Reports to Owners In addition to the information stated in the Reports to Owners section in the contract, the annual report will also provide additional information about this rider. Prior to the Benefit Date, the annual report will provide a projected Benefit Base and GAI as of the Benefit Date assuming no Benefit Base Resets and no further contract activity. After the Benefit Date, the annual report will provide the GAI as of the date of the report. Subsequent Purchase Payments Cumulative Purchase Payments after the first Contract Year are limited to the Maximum Additional Purchase Payments shown in the Rider Specifications, without our consent. Purchase Payments are allocated to the Guaranteed Interest Options and/or the Sub-Accounts as you direct, subject to the provisions in the Contract Value Allocation Options section. Minimum Contract Value Any provision in your contract requiring there be a minimum Contract Value as of the date of any withdrawal is waived while this rider is in effect. Impact of Divorce If a Designated Life is removed from the contract due to a divorce (or a qualified dissolution order) and no withdrawals have been taken, the benefits provided by this rider will be adjusted, as necessary, based on the age of the remaining Designated Life. Removal of a Designated Life due to a divorce will also cause the Continuation Factor to be applied on the Continuation Date. The rider charge and all terms of this rider will continue to be based on a joint rider even though benefits are provided for only one Designated Life. Spousal Continuation If a Designated Life dies and the surviving spouse continues the contract, this rider may be continued provided the spouse is also a Designated Life. Recovery of Excess Payments We may recover from you or your estate any payments made after the death of both Designated Lives. In addition, if we receive proof of the first death of a Designated Life more than 12 months after the date of death, we reserve the right to make adjustments to your contract value and/or rider values to reflect any overpayment of benefits resulting from the delay. Calculation of Benefit Values Benefit Base The initial Benefit Base will be set to the initial Purchase Payment. For each subsequent Purchase Payment prior to the later of the first Contract Anniversary or the date of the first withdrawal, the Benefit Base will be increased by the amount of the subsequent Purchase Payment(s). For any subsequent Purchase Payment on or after the later of the first Contract Anniversary or the date of the first withdrawal, there will be no increase to the Benefit Base as a result of the Purchase Payment(s). Prior to the Benefit Date, any amount you withdraw is considered an excess withdrawal and will cause the Benefit Base to be reduced by an amount equal to (a) multiplied by (b) divided by (c) where:

Joint Designated. Life The person listed in Rider Specifications upon whose lifetime, along with the Designated Life, will be used to determine the benefits under this rider. The Joint Designated Life is the Joint Owner or the sole primary beneficiary on the contract unless otherwise agreed to by us. A Joint Designated Life may be removed due to divorce but otherwise may not be added or changed after the Rider Effective Date. All references to Designated Life will include the Designated Life and Joint Designated Life. Qualified Contract A contract issued to a retirement plan or arrangement that receives favorable tax treatment under Section 401, 404, 408, 408A and 457 of the Internal Revenue Code, as amended. [A123456] ICC20-70561 70560 Minnesota Life 2 General Provisions Reports to Owners In addition to the information stated in the Reports to Owners section in the contract, the annual report will also provide additional information about this rider. Prior to the Benefit Date, the annual report will provide a projected Benefit Base and GAI as of the Benefit Date assuming no Benefit Base Resets and no further contract activity. After the Benefit Date, the annual report will provide the GAI as of the date of the report. Subsequent Purchase Payments Cumulative Purchase Payments after the first Contract Year are limited to the Maximum Additional Purchase Payments shown in the Rider Specifications, without our consent. Purchase Payments are allocated to the Guaranteed Interest Options and/or the Sub-Accounts as you direct, subject to the provisions in the Contract Value Allocation Options section. Minimum Contract Value Any provision in your contract requiring there be a minimum Contract Value as of the date of any withdrawal is waived while this rider is in effect. Impact of Divorce If a Designated Life is removed from the contract due to a divorce (or a qualified dissolution order) and no withdrawals have been taken, the benefits provided by this rider will be adjusted, as necessary, based on the age of the remaining Designated Life. Removal of a Designated Life due to a divorce will also cause the Continuation Factor to be applied on the Continuation Date. The rider charge and all terms of this rider will continue to be based on a joint rider even though benefits are provided for only one Designated Life. Spousal Continuation If a Designated Life dies and the surviving spouse continues the contract, this rider may be continued provided the spouse is also a Designated Life. Recovery of Excess Payments We may recover from you or your estate any payments made after the death of both Designated Lives. In addition, if we receive proof of the first death of a Designated Life more than 12 months after the date of death, we reserve the right to make adjustments to your contract value and/or rider values to reflect any overpayment of benefits resulting from the delay. Calculation of Benefit Values Benefit Base The initial Benefit Base will be set to the initial Purchase Payment. For each subsequent Purchase Payment prior to the later of the first Contract Anniversary or the date of the first withdrawal, the Benefit Base will be increased by the amount of the subsequent Purchase Payment(s). For any subsequent Purchase Payment on or after the later of the first Contract Anniversary or the date of the first withdrawal, there will be no increase to the Benefit Base as a result of the Purchase Payment(s). Prior to the Benefit Date, any amount you withdraw is considered an excess withdrawal and will cause the Benefit Base to be reduced by an amount equal to (a) multiplied by (b) divided by (c) where: