Common use of MORTALITY AND EXPENSE GUARANTEES Clause in Contracts

MORTALITY AND EXPENSE GUARANTEES. We will, at least once each year, make transfers between the Variable Annuity Reserves for the Common Stock Division of Separate Account B and our general account assets so that the Variable Annuity Reserves of the Common Stock Division of Separate Account B will be equal to the total of our liabilities for Variable Annuity Payments payable from Separate Account B, as determined by us. These transfers, if needed, will adjust the Common Stock Division of the Separate Account for the difference between actual mortality and expense experience since the last transfer and the mortality and expense assumptions used in the purchase rates for Variable Annuity Payments paid from the Common Stock Division. The transfers are necessary to support our guarantees as to such mortality and expense rates. No transfers will be made because of investment gains or losses. There will be no adjustment to Variable Annuity Payments because of this transfer. The mortality and expense assumptions in the annuity purchase rates used to determine the first Variable Annuity Payment are guaranteed after benefit payments begin. Variations in the dollar amount of such payments are based entirely upon the investment performance of the Common Stock Division of Separate Account B.