Variable Annuity Contract Clause Samples

Variable Annuity Contract. The benefits available under this Contract, including the Contract Value, death benefit and the annuity income payments, when based on the investment experience of the separate account, are variable. They will increase or decrease as a result of fluctuations in the net investment factor described on page 7 of the Contract. There is no minimum guaranteed value for amounts allocated to the separate account. Variable annuity income payments are determined by the Annuity Unit Value(s) of the Sub-Account(s) you select and will increase or decrease as a result of fluctuations in the net investment factor above or below the yearly Assumed Investment Return of 5%, as described on page 10 of the Contract. The explicit charges assessed against the separate account are described on the Schedule.

Variable Annuity Contract. If this Contract is In Force on the Income Date, We will begin making income payments to the Annuitant. We will make such payments according to the terms of this Contract.

Variable Annuity Contract. If more than one -------------------------------------------------------- commission option is chosen, Broker/Dealer agrees that subagents may select from the specified commission options at the time a Contract is sold, which selection may not be changed at a later time. If more than one commission option is selected, Broker/Dealer must also specify a "default" commission option, which will apply in the event the Subagent does not select a commission option at the time of the sale of a Contract.