Common use of Owner Designated Settlement Option Clause in Contracts

Owner Designated Settlement Option. This rider allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 1 -- Effective March 5, 2010 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE MARCH 5, 2010 LAST SURVIVOR PLANS OF INSURANCE NAR BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* ---------------------------------------------------------------------------------------------------------------- Hartford Leaders VUL Joint Legacy 2001 CSO M/F S/NS Select & Ultimate ALB A Hartford Leaders VUL Joint Legacy II 2001 CSO M/F S/NS Select & Ultimate ANB A Hartford Advanced Last Survivor UL 2001 CSO M/F S/NS Select & Ultimate ALB B Hartford Bicentennial UL Joint Freedom 2001 CSO M/F S/NS Select & Ultimate ALB B Hartford Bicentennial UL Joint Freedom II 2001 CSO M/F S/NS Select & Ultimate ANB B ------------ * NAR Type is described in Schedule B. RIDERS PROVIDING DEATH BENEFITS THAT RIDERS THAT PROVIDE ADDITIONAL ARE ELIGIBLE FOR REINSURANCE BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: Estate Protection Rider (NAR Type is LS Exchange Option Rider C) Policy Protection Rider Estate Tax Repeal Rider Foreign Travel Exclusion Rider Guar. Min. Accum. Benefit (GMAB) Rider Paid-Up Life Insurance Rider Owner Designated Settlement Option RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Estate Protection Rider: This rider provides last survivor level term life insurance on the base policy insureds for three years. RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: LS Exchange Option Rider: Allows a Last Survivor policy to be split into two Single Life policies, without new evidence of insurability, if divorce, business dissolution, or estate-tax repeal or reduction occurs. The face amount of each new Single Life policy will equal one half of the Last Survivor policy face amount. Upon a split, reinsurance will continue at point-in-scale rates for each single life, as documented in Section X.C. (This rider is not available when one of the insureds is uninsurable or above Table H.) Policy Protection Rider: Protects the death benefit of the base policy and any Estate Protection Rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Amendment 1 -- Effective March 5, 2010 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE MARCH 5, 2010 Estate Tax Repeal Rider: This rider will pay the Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner.

Owner Designated Settlement Option. This rider allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Swiss Re Amendment 1 -- Effective March 5, 2010 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE MARCH 5, 2010 LAST SURVIVOR PLANS OF INSURANCE NAR BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* ---------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------ Hartford Leaders VUL Joint Legacy 2001 CSO M/F S/NS Select & Ultimate ALB A Hartford Leaders VUL Joint Legacy II 2001 CSO M/F S/NS Select & Ultimate ANB A Hartford Advanced Last Survivor UL 2001 CSO M/F S/NS Select & Ultimate ALB B Hartford Bicentennial UL Joint Freedom 2001 CSO M/F S/NS Select & Ultimate ALB B Hartford Bicentennial UL Joint Freedom II 2001 CSO M/F S/NS Select & Ultimate ANB B ------------ * NAR Type is described in Schedule B. RIDERS PROVIDING DEATH BENEFITS THAT RIDERS THAT PROVIDE ADDITIONAL ARE ELIGIBLE FOR REINSURANCE BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: Estate Protection Rider (NAR Type is LS Exchange Option Rider C) Policy Protection Rider Estate Tax Repeal Rider Foreign Travel Exclusion Rider Guar. Min. Accum. Benefit (GMAB) Rider Paid-Up Life Insurance Rider Owner Designated Settlement Option RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Estate Protection Rider: This rider provides last survivor level term life insurance on the base policy insureds for three years. RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: LS Exchange Option Rider: Allows a Last Survivor policy to be split into two Single Life policies, without new evidence of insurability, if divorce, business dissolution, or estate-tax repeal or reduction occurs. The face amount of each new Single Life policy will equal one half of the Last Survivor policy face amount. Upon a split, reinsurance will continue at point-in-scale rates for each single life, as documented in Section X.C. (This rider is not available when one of the insureds is uninsurable or above Table H.) Policy Protection Rider: Protects the death benefit of the base policy and any Estate Protection Rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC and TFLIC Swiss Re Amendment 1 -- Effective March 5, 2010 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE MARCH 5, 2010 Estate Tax Repeal Rider: This rider will pay the Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner.

Owner Designated Settlement Option. This rider allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC HLAIC and TFLIC Swiss Re Amendment 1 2 -- Effective March 5, 2010 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE MARCH 5, 2010 LAST SURVIVOR PLANS OF INSURANCE NAR BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* ---------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------ Hartford Leaders VUL Joint Legacy 2001 CSO M/F S/NS Select & A Joint Legacy Ultimate ALB A Hartford Leaders VUL Joint Legacy II 2001 CSO M/F S/NS Select & A Joint Legacy II Ultimate ANB A Hartford Advanced Last Survivor UL 2001 CSO M/F S/NS Select & B Last Survivor UL Ultimate ALB B Hartford Bicentennial UL Joint Freedom 2001 CSO M/F S/NS Select & B Bicentennial UL Ultimate ALB B Hartford Bicentennial UL Joint Freedom II Hartford 2001 CSO M/F S/NS Select & B Bicentennial UL Ultimate ANB B Joint Freedom II ------------ * NAR Type is described in Schedule B. RIDERS PROVIDING DEATH BENEFITS THAT RIDERS THAT PROVIDE ADDITIONAL THAT ARE ELIGIBLE FOR REINSURANCE BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: Estate Protection Rider (NAR Type is LS Exchange Option Rider is C) Policy Protection Rider Estate Tax Repeal Rider Foreign Travel Exclusion Rider Guar. Min. Accum. Benefit (GMAB) Rider Paid-Up Life Insurance Rider Owner Designated Settlement Option RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Estate Protection Rider: This rider provides last survivor level term life insurance on the base policy insureds for three years. RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: LS Exchange Option Rider: Allows a Last Survivor policy to be split into two Single Life policies, without new evidence of insurability, if divorce, business dissolution, or estate-tax repeal or reduction occurs. The face amount of each new Single Life policy will equal one half of the Last Survivor policy face amount. Upon a split, reinsurance will continue at point-in-scale rates for each single life, as documented in Section X.C. (This rider is not available when one of the insureds is uninsurable or above Table H.) Policy Protection Rider: Protects the death benefit of the base policy and any Estate Protection Rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC HLAIC and TFLIC Swiss Re Amendment 1 2 -- Effective March 5, 2010 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE MARCH 5, 2010 Estate Tax Repeal Rider: This rider will pay the Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner.

Owner Designated Settlement Option. This rider allows the policy owner to designate a Settlement Option to be used for the payment of Death Proceeds. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC HLAIC and TFLIC TLIC Amendment 1 2 -- Effective March 5, 2010 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE MARCH 5, 2010 LAST SURVIVOR PLANS OF INSURANCE NAR BASE POLICY VALUATION MORTALITY TABLE(S) TYPE* ---------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------- Hartford Leaders VUL Joint Legacy 2001 CSO M/F S/NS Select & Ultimate ALB A Hartford Leaders VUL Joint Legacy II 2001 CSO M/F S/NS Select & Ultimate ANB A II Hartford Advanced Last Survivor UL 2001 CSO M/F S/NS Select & Ultimate ALB B Hartford Bicentennial UL Joint Freedom 2001 CSO M/F S/NS Select & Ultimate ALB B Freedom Hartford Bicentennial UL Joint Freedom II 2001 CSO M/F S/NS Select & Ultimate ANB B ------------ Freedom II * NAR Type is described in Schedule B. RIDERS PROVIDING DEATH BENEFITS THAT RIDERS THAT PROVIDE ADDITIONAL BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: Estate Protection Rider (NAR Type is LS Exchange Option Rider is C) Policy Protection Rider Estate Tax Repeal Rider Foreign Travel Exclusion Rider Guar. Min. Accum. Benefit (GMAB) Rider Paid-Up Life Insurance Rider Owner Designated Settlement Option RIDER DESCRIPTIONS (Rider descriptions are added for convenience. To the extent the description conflicts with the terms of the rider, the rider will govern.) RIDERS PROVIDING DEATH BENEFITS THAT ARE ELIGIBLE FOR REINSURANCE: Estate Protection Rider: This rider provides last survivor level term life insurance on the base policy insureds for three years. RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: LS Exchange Option Rider: Allows a Last Survivor policy to be split into two Single Life policies, without new evidence of insurability, if divorce, business dissolution, or estate-tax repeal or reduction occurs. The face amount of each new Single Life policy will equal one half of the Last Survivor policy face amount. Upon a split, reinsurance will continue at point-in-scale rates for each single life, as documented in Section X.C. (This rider is not available when one of the insureds is uninsurable or above Table H.) Policy Protection Rider: Protects the death benefit of the base policy and any Estate Protection Rider from lapse as long as the Policy Protection Account Value ("shadow account") is not negative. Allocated Retention Pool -- Effective 10/01/2008 Between HLIC HLAIC and TFLIC TLIC Amendment 1 2 -- Effective March 5, 2010 SCHEDULE A PLANS OF INSURANCE COVERED UNDER THIS AGREEMENT EFFECTIVE MARCH 5, 2010 Estate Tax Repeal Rider: This rider will pay the Account Value less indebtedness if the Federal Estate Tax Law is fully repealed by December 31, 2010, and the Ceding Company receives a request for this benefit amount from the policy owner.