Common use of THE PERSONS INVOLVED Clause in Contracts

THE PERSONS INVOLVED. Owner The “Owner” of this Certificate is the person(s) named in the application, who own(s) the Fund Account. As Owner, you will receive any payments under this Certificate, unless you have directed us to pay them to someone else. You may exercise all the rights stated in this Certificate, subject to the rights of any irrevocable Beneficiary. Any request to exercise ownership rights must be signed by all Owners. You may not assign any interest in this Certificate as collateral or security for a loan. The Owner may be non-living if the Owner is an agent for an individual under the Internal Revenue Code of 1986, as amended (“Code”). If the Owner is a trust, the Owner will be considered a non-living person. If there are joint Owners, they must be Spouses and must jointly own the Fund Account. As used throughout this Certificate, “Spouse” refers to a legal Spouse as defined by the Code. This Certificate cannot be jointly owned by a non-living person and a living person. If the Owner is a custodian or trustee of an Individual Retirement Account established pursuant to Section 408(a) of the Code (“IRA”), then there can only be one Owner. The Certificate cannot have more than two Owners. “Owner” as used in this Certificate refers to all people named as Owners, unless otherwise indicated. Annuitant The Annuitant is the person, named by the Owner, shown on the Certificate Data Page, during whose life we will pay the Benefit Payments or income plan payments, as applicable. The Annuitant cannot be changed or removed once the first Eligible Withdrawal has been taken or the Payout Phase has begun, whichever occurs first. The Annuitant must be a living person. If the Owner is a living person, the Annuitant is an Owner. If the Owner is a non-living person, the Annuitant named by the Owner must have a beneficial interest in the Fund Account. If the Owner is a grantor trust pursuant to Subpart E of Subchapter J of the Code, the Annuitant must be the grantor. If the Owner is a custodian or trustee of an IRA, then the Annuitant must be the individual for whose exclusive benefit the IRA was created.

THE PERSONS INVOLVED. Owner The “Owner” person named at the time of application is the Owner of this Certificate is the person(s) named in the application, who own(s) the Fund AccountContract unless subsequently changed. As Owner, you will receive any payments under this Certificateperiodic income payments, unless you have directed us to pay them to someone else. You may exercise all the rights stated in this Certificate, subject to the rights of any irrevocable Beneficiary. Any request to exercise ownership rights must The Contract cannot be signed jointly owned by all Owners. You may not assign any interest in this Certificate as collateral or security for both a loan. The Owner may be non-living if person and a living person, unless the Owner is an agent for an individual under Owner(s) took ownership of the Internal Revenue Code of 1986, Contract as amended (“Code”)the Beneficiary. If the Owner is a trust, the Owner will be considered a non-living person. If there You may exercise all rights stated in this Contract, subject to the rights of any irrevocable Beneficiary. You may change the Owner or Beneficiary at any time by written notice in a form satisfactory to us. Once we accept a change, the change will take effect as of the date you signed the request. Each change is subject to any payment we make or other action we take before we accept it. You may not assign an interest in this Contract as collateral or security for a loan. However, you may assign periodic income payments under this Contract prior to the Payout Start Date. We are joint Owners, they must be Spouses and must jointly own the Fund Account. As used throughout this Certificate, “Spouse” refers to a legal Spouse as defined bound by an assignment only if it is signed by the Codeassignor and filed with us. This Certificate canWe are not be jointly owned by a non-living person and a living personresponsible for the validity of an assignment. If the Owner is a custodian or trustee of an Individual Retirement Account established pursuant to Section 408(a) of the Code (“IRA”), then there can only be one Owner. The Certificate cannot have more than two Owners. “one person is designated as Owner” : * Owner as used in this Certificate Contract refers to all people named as Owners, unless otherwise indicated; * any request to exercise ownership rights must be signed by all Owners; and * on the death of any person who is an Owner, the surviving person(s) named as Owner(s) will continue as Owner(s), as described in the Death of Owner provision. Annuitant The Annuitant is the person, person named by the Owner, shown on the Certificate Annuity Data Page, during whose life we will pay the Benefit Payments or income plan payments, as applicable. The Annuitant cannot be changed or removed once the first Eligible Withdrawal has been taken or the Payout Phase has begun, whichever occurs first. The Annuitant must be a living person. If You cannot change the Owner Annuitant at any time. Beneficiary The two classes of Beneficiaries are Primary Beneficiaries and Contingent Beneficiaries. Primary Beneficiaries and Contingent Beneficiaries are individually and collectively referred to herein as "Beneficiaries". The Primary Beneficiary is the person(s) named on the Annuity Data Page unless later changed by the Owner. The Primary Beneficiary is the Beneficiary(ies) who is first entitled to receive benefits under this Contract upon the death of the sole surviving Owner. The Contingent Beneficiary is the person(s) named on the Annuity Data Page unless later changed by the Owner. The Contingent Beneficiary is entitled to receive benefits under the Contract upon the death of the sole surviving Owner, when all Primary Beneficiary(ies) predecease the sole surviving Owner. You may change or add Beneficiaries at any time by written request in a living personform satisfactory to us, unless you have designated an irrevocable Beneficiary. You may restrict income payments to Beneficiaries by written request in a form satisfactory to us. Once we accept a request, the Annuitant change or restriction will take effect as of the date you signed the request. Any change is an Ownersubject to any payment we make or other action we take before we accept the change. If no named Beneficiary is living when the sole surviving Owner is dies, or if a non-living personBeneficiary has not been named, the Annuitant named by the Owner must have a beneficial interest in the Fund Account. If the Owner is a grantor trust pursuant to Subpart E of Subchapter J of the Code, the Annuitant must be the grantor. If the Owner is a custodian or trustee of an IRA, then the Annuitant must be the individual for whose exclusive benefit the IRA was created.new Beneficiary will be:

THE PERSONS INVOLVED. Owner The “Owner” person named at the time of application is the Owner of this Certificate is the person(s) named in the application, who own(s) the Fund AccountContract unless subsequently changed. As Owner, you will receive any payments under this Certificateperiodic income payments, unless you have directed us to pay them to someone else. You may exercise all the rights stated in this Certificate, subject to the rights of any irrevocable Beneficiary. Any request to exercise ownership rights must be signed by all Owners. You may not assign any interest in this Certificate as collateral or security for a loan. The Owner may be non-living if the Owner is an agent for an individual under the Internal Revenue Code of 1986, as amended (“Code”). If the Owner is a trust, the Owner will be considered a non-living person. If there are joint Owners, they must be Spouses and must jointly own the Fund Account. As used throughout this Certificate, “Spouse” refers to a legal Spouse as defined by the Code. This Certificate Contract cannot be jointly owned by a non-living person and a living person. If the Owner is a custodian trust, the Owner will be considered a non-living person. You may exercise all the rights stated in this Contract, subject to the rights of any irrevocable Beneficiary. You may change the Owner at any time by written request in a form satisfactory to us. Each change is subject to any payments we make or trustee other action we take before we accept it. If we accept a change, the change will take effect on the date you signed the request. You may not assign any interest in this Contract as collateral or security for a loan. However, you may assign periodic income payments under this Contract before the Payout Start Date. We are bound by an assignment only if it is signed by you and filed with us. We are not responsible for the validity of an Individual Retirement Account established pursuant to Section 408(a) of the Code (“IRA”), then there can only be one Ownerassignment. The Certificate cannot have If more than two Owners. “one person is designated as Owner” : x Owner as used in this Certificate Contract refers to all people named as Owners, unless otherwise indicated; x Any request to exercise ownership rights must be signed by all Owners; x On the death of any person who is an Owner, the surviving person(s) named as Owner(s) will continue as Owner(s), as described in the Death of Owner section; and x If any Owner is a non-living person, when the Annuitant dies, the Death of Annuitant section will apply. Annuitant The Annuitant is the person, person named by the Owner, shown on the Certificate Annuity Data Page, during whose life we will pay the Benefit Payments or income plan payments, as applicable. The Annuitant cannot be changed or removed once the first Eligible Withdrawal has been taken or the Payout Phase has begun, whichever occurs first. The Annuitant must be a living person. If the Owner is a living person, the Owner may change the Annuitant before the Payout Start Date by written request in a form satisfactory to us. Once we accept a change, it takes effect on the date you signed the request. Each change is an subject to any payment we make or other action we take before we accept it. Beneficiary The two classes of Beneficiaries are Primary Beneficiaries and Contingent Beneficiaries. Primary Beneficiaries and Contingent Beneficiaries are individually and collectively referred to herein as “Beneficiaries.” The Primary Beneficiary is the person(s) named on the Annuity Data Page unless later changed by the Owner. If The Primary Beneficiary is the Owner Beneficiary(ies) who is first entitled to receive benefits under this Contract upon the death of the sole surviving Owner. The Contingent Beneficiary is the person(s) named on the Annuity Data Page unless later changed by the Owner. The Contingent Beneficiary is entitled to receive benefits under the Contract upon the death of the sole surviving Owner, when all Primary Beneficiary(ies) predecease the sole surviving Owner. You may change or add Beneficiaries at any time by written request in a non-living personform satisfactory to us, unless you have designated an irrevocable Beneficiary. Once we accept a request, the Annuitant named by change will take effect on the Owner must have a beneficial interest in date you signed the Fund Accountrequest. Any change is subject to any payment we make or other action we take before we accept the change. If no named Beneficiary is living when the sole surviving Owner is dies, or if a grantor trust pursuant to Subpart E of Subchapter J of the CodeBeneficiary has not been named, the Annuitant must be the grantor. If the Owner is a custodian or trustee of an IRA, then the Annuitant must be the individual for whose exclusive benefit the IRA was created.new Beneficiary will be: