Common use of Strategies Clause in Contracts

Strategies. The Investment Option invests in funds according to a fixed formula that typically results in an allocation of 46% domestic equity funds, 4% real estate funds, 15% international equity funds, 3% international bond funds, 28% fixed income funds and 4% money market funds. The Investment Option manages cash flows to maintain the stated asset allocation. The stock holdings in the Underlying Investments consist primarily of large-cap U.S. stocks and to a lesser extent, mid- and small-cap U.S. stocks and foreign stocks.

Strategies. The Investment Option invests primarily in funds according to a fixed formula that typically results in an allocation of 4639% domestic equity funds, 43.5% real estate funds, 1512.5% international equity funds, 33.5% international bond funds, 2833% fixed income funds and 48.5% money market funds. The Investment Option manages cash flows to maintain the stated asset allocation. The stock holdings in the Underlying Investments consist primarily of large-cap U.S. stocks and to a lesser extent, mid- and small-cap U.S. stocks and foreign stocks.

Strategies. The Investment Option invests in funds according to a fixed formula that typically results in an allocation of 4671.5% domestic equity funds, 45.25% real estate funds, 15funds and 23.25% international equity funds, 3% international bond funds, 28% fixed income funds and 4% money market funds. The Investment Option manages cash flows to maintain the stated asset allocation. The stock holdings in the Underlying Investments consist primarily of large-cap U.S. stocks and to a lesser extent, mid- and small-cap U.S. stocks and foreign stocks. Objectives – The Growth Static Investment Option seeks to provide growth of capital and some current income by investing 80% of its assets in diversified investments of domestic and international equity funds, 5% real estate funds and 15% domestic and international fixed income funds.

Strategies. The Investment Option invests in funds according to a fixed formula that typically results in an allocation of 4660% domestic equity funds, 45% real estate funds, 1520% international equity funds, 32% international bond funds, 28funds and 13% fixed income funds and 4% money market funds. The Investment Option manages cash flows to maintain the stated asset allocation. The stock holdings in the Underlying Investments consist primarily of large-cap U.S. stocks and to a lesser extent, mid- and small-small- cap U.S. stocks and foreign stocks. Objectives – Moderate Growth Static Investment Option seeks to provide growth of capital and some current income by investing 61% of its assets in diversified investments of domestic and international equity funds, 4% in real estate funds, 31% in domestic and international fixed income funds and 4% in money market funds.