Common use of Reports to Owner Clause in Contracts

Reports to Owner. At least once a year we will send you a statement showing the contract value and the cash withdrawal value of this contract. This statement will be based on any laws or regulations that apply to contracts of this type. Evidence of Survival Where any payments under this contract depend on the recipient or annuitant being alive on a certain date, proof that such condition has been met may be required by us. Such proof may be required prior to making the payments. Protection of Proceeds Payments under this contract are not assignable by any beneficiary prior to the time they are due. To the extent allowed by law, payments are not subject to the claims of creditors or to legal process. Payments by Us All sums payable by us are payable at our administrative office. Any payment or withdrawal from a variable subaccount is based on the variable subaccount value. Voting Rights So long as federal law requires, we will give certain voting rights to contractowners. As contractowner, if you have voting rights we will send a notice to you telling you the time and place of a shareholder meeting. The notice will also explain matters to be voted upon and how many votes you get.

Reports to Owner. At least once a year we will send you a statement showing the contract value and the cash withdrawal value of this contract. This statement will be based on any laws or regulations that apply to contracts of this type. Evidence of Survival EVIDENCE OF SURVIVAL Where any payments under this contract depend on the recipient or annuitant being alive on a certain date, proof that such condition has been met may be required by us. Such proof may be required prior to making the payments. Protection of Proceeds PROTECTION OF PROCEEDS Payments under this contract are not assignable by any beneficiary prior to the time they are due. To the extent allowed by law, payments are not subject to the claims of creditors or to legal process. Payments by Us PAYMENTS BY US All sums payable by us are payable at our administrative office. Any payment or withdrawal from a variable subaccount annuity is based on the variable subaccount contract value. Voting Rights VOTING RIGHTS So long as federal law requires, we will give certain voting rights to contractowners. As contractowner, if you have voting rights we will send a notice to you telling you the time and place of a shareholder meeting. The notice will also explain matters to be voted upon and how many votes you get.