Common use of Value of Variable Annuity Units Clause in Contracts

Value of Variable Annuity Units. The value of an Annuity Unit will usually increase or decrease from one month to the next. For each month after the first month, the value of an Annuity Unit of a particular Portfolio is: • the value of that Annuity Unit as of the 15th day of the preceding month (or the next day that the NYSE is open); • multiplied by the Net Investment Factors for that Portfolio; and • divided by the Assumed Investment Factor for the period. The Net Investment Factor is a number that represents the change in the Accumulation Unit value of a Portfolio on successive days when the NYSE is open. The Net Investment Factor for any Portfolio for any valuation day is determined by dividing the current Accumulation Unit value by the prior day’s Accumulation Unit value. The Net Investment Factor will likely be different than the Assumed Investment Factor, and therefore the Annuity Unit value will usually increase or decrease. The Assumed Investment Factor for a one-day valuation period is 1.00010746. This factor neutralizes the assumed investment return of 4% in the Variable Annuity Purchase Rate Table. We guarantee that the dollar amount of each variable annuity payment made after the first payment will not be adversely affected by variations in actual mortality experience or actual expenses incurred in excess of the expense deductions provided for in the Contract. Changing Portfolio Elections after the Annuity Date If you have selected variable annuity payments, after the Annuity Date you may request to change Portfolio elections once a month. Transfers are not allowed to or from the Fixed Account. Changes will affect the number of units used to calculate annuity payments.

Value of Variable Annuity Units. The value of an Annuity Unit will usually increase or decrease from one month to the next. For each month after the first month, the value of an Annuity Unit of a particular Portfolio Sub-account is: • · the value of that Annuity Unit as of the 15th day of the preceding month (or the next day that the NYSE is open); • · multiplied by the Net Investment Factors for that PortfolioSub-account; and • · divided by the Assumed Investment Factor for the period. The Net Investment Factor is a number that represents the change in the Accumulation Unit value of a Portfolio Sub-account on successive days when the NYSE is open. The Net Investment Factor for any Portfolio Sub-account for any valuation day is determined by dividing the current Accumulation Unit value by the prior day’s Accumulation Unit value. The Net Investment Factor will likely be different than the Assumed Investment Factor, and therefore the Annuity Unit value will usually increase or decrease. The Assumed Investment Factor for a one-day valuation period is 1.00010746. This factor neutralizes the assumed investment return of 4% in the Variable Annuity Purchase Rate Table. We guarantee that the dollar amount of each variable annuity payment made after the first payment will not be adversely affected by variations in actual mortality experience or actual expenses incurred in excess of the expense deductions provided for in the Contract. Changing Portfolio Sub- account Elections after the Annuity Date If you have selected variable annuity payments, after the Annuity Date you may request to change Portfolio Sub-account elections once a month. Transfers are not allowed to or from the Fixed Account. Changes will affect the number of units used to calculate annuity payments.

Value of Variable Annuity Units. The value of an Annuity Unit will usually increase or decrease from one month to the next. For each month after the first month, the value of an Annuity Unit of a particular Portfolio Sub-account is: • the value of that Annuity Unit as of the 15th day of the preceding month (or the next day that the NYSE is open); • multiplied by the Net Investment Factors for that PortfolioSub-account; and • divided by the Assumed Investment Factor for the period. The Net Investment Factor is a number that represents the change in the Accumulation Unit value of a Portfolio Sub-account on successive days when the NYSE is open. The Net Investment Factor for any Portfolio Sub-account for any valuation day is determined by dividing the current Accumulation Unit value by the prior day’s Accumulation Unit value. The Net Investment Factor will likely be different than the Assumed Investment Factor, and therefore the Annuity Unit value will usually increase or decrease. The Assumed Investment Factor for a one-day valuation period is 1.00010746. This factor neutralizes the assumed investment return of 4% in the Variable Annuity Purchase Rate Table. We guarantee that the dollar amount of each variable annuity payment made after the first payment will not be adversely affected by variations in actual mortality experience or actual expenses incurred in excess of the expense deductions provided for in the Contract. Changing Portfolio Sub- account Elections after the Annuity Date If you have the Annuitant selected variable annuity payments, after the Annuity Date you the Annuitant may request to change Portfolio Sub-account elections once a month. Transfers are not allowed to or from the Fixed Account. Changes will affect the number of units used to calculate annuity payments.

Value of Variable Annuity Units. The value of an Annuity Unit will usually increase or decrease from one month to the next. For each month after the first month, the value of an Annuity Unit of a particular Portfolio Sub-account is: • · the value of that Annuity Unit as of the 15th day of the preceding month (or the next day that the NYSE is open); • · multiplied by the Net Investment Factors for that PortfolioSub-account; and • · divided by the Assumed Investment Factor for the period. The Net Investment Factor is a number that represents the change in the Accumulation Unit value of a Portfolio Sub-account on successive days when the NYSE is open. The Net Investment Factor for any Portfolio Sub-account for any valuation day is determined by dividing the current Accumulation Unit value by the prior day’s Accumulation Unit value. The Net Investment Factor will likely be different than the Assumed Investment Factor, and therefore the Annuity Unit value will usually increase or decrease. The Assumed Investment Factor for a one-day valuation period is 1.00010746. This factor neutralizes the assumed investment return of 4% in the Variable Annuity Purchase Rate Table. We guarantee that the dollar amount of each variable annuity payment made after the first payment will not be adversely affected by variations in actual mortality experience or actual expenses incurred in excess of the expense deductions provided for in the Contract. Changing Portfolio Sub-account Elections after the Annuity Date If you have selected variable annuity payments, after the Annuity Date you may request to change Portfolio Sub-account elections once a month. Transfers are not allowed to or from the Fixed Account. Changes will affect the number of units used to calculate annuity payments.