Common use of Systematic Withdrawal Clause in Contracts

Systematic Withdrawal. Option The Contract Holder may elect a (SWO): distribution option under which a portion of the Current Value will automatically be surrendered and distributed each year. SWO payments will be calculated based on the Contract's full Current Value. The distributed amount is withdrawn pro rata from each Guaranteed Period(s). A Surrender Fee will not be deducted from any portion of the Current Value which is paid as a distribution under SWO. Contract Holders should consult their tax adviser prior to requesting this distribution option.

Systematic Withdrawal. Option The Contract Certificate Holder may elect a (SWO): distribution option under which a portion of the Account's Current Value will automatically be surrendered and distributed each year. SWO payments will be calculated based on the ContractAccount's full Current Value. The distributed amount is withdrawn pro rata from each Guaranteed Period(s). A Surrender Fee will not be deducted from any portion of the Current Value which is paid as a distribution under SWO. Contract Certificate Holders should consult their tax adviser prior to requesting this distribution option.

Systematic Withdrawal. Option The Contract Holder may elect a Option (SWO): distribution option under which a portion of the Current Value will automatically be surrendered and distributed each year. SWO payments will be calculated based on the Contract's full Current Value. The distributed amount is withdrawn pro rata from each Guaranteed Period(s). A Surrender Fee will not be deducted from any portion of the Current Value which is paid as a distribution under SWO. Contract Holders should consult their tax adviser prior to requesting this distribution option.