Common use of Withdrawal Charge Clause in Contracts

Withdrawal Charge. The Withdrawal Charge Percentage stated on your Specifications Pages is applied to each Premium and assessed at the time you make a withdrawal or surrender your Contract. Any Withdrawal Charge assessed will depend on how long the Premium to which the withdrawal is attributed has been in the Contract. For the purpose of determining the Withdrawal Charge, a withdrawal will be attributed to amounts in the following order: (1) any remaining Free Withdrawal Amount for the current Contract Year (except in the case of a surrender); (2) Premiums which are no longer subject to a Withdrawal Charge and have not yet been withdrawn; (3) Premiums subject to a Withdrawal Charge; and (4) any gain, interest, or other amount that is not considered a Premium. The total Withdrawal Charge assessed is equal to the sum of the separate Withdrawal Charges applied to each Premium. In no event will the total Withdrawal Charge exceed the sum of the separate Withdrawal Charge Percentages applied to each respective Premium. Premiums, when withdrawn, are deemed to be withdrawn on a first-in-first-out basis, with the oldest Premiums withdrawn first. We will apply a Waiver of the Withdrawal Charge in the circumstances stated on your Specifications Pages. Free Withdrawal Amount - The Free Withdrawal Amount is the amount you may withdraw each Contract Year without paying a Withdrawal Charge. Your Free Withdrawal Amount is the greater of (i) the Free Withdrawal Percentage stated on your Specifications Pages multiplied by your Account Value on the date of the withdrawal, minus any partial withdrawals taken during the current Contract Year, or (ii) the Free Withdrawal Percentage multiplied by your Account Value as of the immediately preceding Contract Anniversary, minus any prior withdrawals made during that Contract Year. In the first Contract Year, the Account Value referenced in item (ii) will be your initial Premium. The Free Withdrawal Amount is not cumulative; any Free Withdrawal Amount not withdrawn in a Contract Year may not be carried forward to future Contract Years. The Free Withdrawal Amount applies only to partial withdrawals and does not apply to a surrender. The Free Withdrawal Amount does not reduce the Withdrawal Charge applicable to each Premium. Transfer Fee - We may deduct a Transfer Fee for any Transfers among Subaccounts as stated on your Specifications Pages. Unrestricted Transfers, as stated on your Specifications Pages, are not subject to a Transfer Fee. Premium Tax - Your state or other governmental authority may impose a Premium Tax. It may be imposed when a Premium is paid, on the Annuity Date, or at some other time. If required by your state or other governmental authority, we will assess the Premium Tax on your Contract.

Withdrawal Charge. The Upon withdrawal of all or a portion of the Account Value, a Withdrawal Charge Percentage stated as set forth on your Specifications Pages is applied to each Premium and assessed at the time you make a withdrawal or surrender your ContractContract schedule may be assessed. Any Withdrawal Charge assessed will depend Under certain circumstances, described on how long the Premium to which the withdrawal is attributed has been in the Contract. For the purpose of determining the Withdrawal ChargeContract schedule, a withdrawal will may be attributed to amounts in made without the following order: (1) any remaining Free Withdrawal Amount for the current Contract Year (except in the case imposition of a surrender); (2) Premiums which are no longer subject to a Withdrawal Charge and have not yet been withdrawn; (3) Premiums subject to a Withdrawal Charge; and (4) any gain, interest, or other amount that is not considered a Premium. The total Withdrawal Charge assessed is equal to the sum of the separate Withdrawal Charges applied to each Premium. In no event will the total Withdrawal Charge exceed the sum of the separate Withdrawal Charge Percentages applied to each respective Premium. Premiums, when withdrawn, are deemed to be withdrawn on a first-in-first-out basis, with the oldest Premiums withdrawn first. We will apply a Waiver of the Withdrawal Charge in the circumstances stated on your Specifications Pages. Free Withdrawal Amount - The Free Withdrawal Amount is the amount you may withdraw each Contract Year without paying a Withdrawal Charge. Your Free Withdrawal Amount is the greater of (i) the Free Withdrawal Percentage stated on your Specifications Pages multiplied by your Account Value on the date of the For a partial withdrawal, minus any partial withdrawals taken during the current Contract Year, or (ii) the Free Withdrawal Percentage multiplied by your Account Value as of the immediately preceding Contract Anniversary, minus any prior withdrawals made during that Contract Year. In the first Contract Year, the Account Value referenced in item (ii) will be your initial Premium. The Free Withdrawal Amount is not cumulative; any Free Withdrawal Amount not withdrawn in a Contract Year may not be carried forward to future Contract Years. The Free Withdrawal Amount applies only to partial withdrawals and does not apply to a surrender. The Free Withdrawal Amount does not reduce the Withdrawal Charge applicable will be deducted from the remaining Account Value, if sufficient, or from the amount withdrawn. 6410 (11/05) ANNUITY PROVISIONS ANNUITY DATE The Annuity Date is shown on the Contract Schedule. Prior to each Premium. Transfer Fee - We may deduct a Transfer Fee for any Transfers among Subaccounts as stated on your Specifications Pages. Unrestricted Transfers, as stated on your Specifications Pages, are not subject to a Transfer Fee. Premium Tax - Your state or other governmental authority may impose a Premium Tax. It may be imposed when a Premium is paid, on the Annuity Date, or at some other timeyou may, subject to the Annuity Requirements set forth on the Contract Schedule, change the Annuity Date upon thirty (30) days prior Notice to us. ELECTION OF ANNUITY OPTION The Annuity Option is elected by you. If required by your state no Annuity Option is elected, Option 2 - Life Annuity with Ten (10) Years of Annuity Payments Guaranteed will automatically be applied. Upon thirty (30) days Notice prior to the Annuity Date you may change the Annuity Option. ANNUITY OPTIONS You may elect to receive Annuity Payments monthly, quarterly, semi-annually or annually. The following Annuity Options, or any other governmental authorityAnnuity Option acceptable to you and us, we may be elected: OPTION 1 -- LIFE ANNUITY We will assess make Annuity Payments, payable at the Premium Tax on your Contractfrequency elected, during the lifetime of the Annuitant and terminating with the last payment due prior to the Annuitant's death. OPTION 2 -- LIFE ANNUITY WITH 10 YEARS OF ANNUITY PAYMENTS GUARANTEED We will make Annuity Payments, payable at the frequency elected, during the lifetime of the Annuitant with a guarantee that if at the Annuitant's death there have been less than 10 years of Annuity Payments made as selected, Annuity Payments will continue for the remainder of the Guaranteed Period. You may elect to have the present value of the guaranteed Variable Annuity Payments remaining, as of the date due proof of the Annuitant's death is received at our Annuity Service Office, commuted at the Assumed Investment Return selected. We will require the return of this Contract and proof of death prior to the payment of any commuted values.

Withdrawal Charge. The Withdrawal Charge Percentage stated on your Specifications Pages is applied Withdrawals from the Contract Value are subject to each Premium and assessed at the time you make a withdrawal or surrender your Contract. Any Withdrawal Charge assessed will depend on how long the Premium to which the withdrawal is attributed has been in the Contract. For the purpose of determining the Withdrawal Charge, a withdrawal will be attributed if applicable. This charge may apply to amounts in withdrawn under the following order: (1) any remaining Free Withdrawal Amount for Contract prior to the current Annuity Date, depending on which Contract Year the Withdrawal is made in. We will not apply the Withdrawal Charge on: · Withdrawals as defined under the “Free Withdrawals” section; · [Compliant Withdrawals under any available guaranteed minimum withdrawal benefit rider, if elected;] · Distributions resulting from the death of the first Owner, except as provided under the Death of Owner provision for certain Non-Natural Owners; · Annuitization after the first Contract Year, if the Contract is annuitized with us; · [Withdrawals after ninety (except 90) days from the Contract Date if the Owner, or Annuitant in the case of a surrender); Non- Natural Owner, has been confined to an accredited nursing home for thirty (230) Premiums which are no longer subject days or more and was not confined to a nursing home on the Contract Date. This is referred to as a Nursing Home Confinement Waiver in the Contract Specifications. If this Contract is terminated in accordance with its provisions, the termination shall not prejudice this waiver of Withdrawal Charge and have while it is in force;] · Withdrawals that meet required minimum distributions for Qualified Contracts as they apply to amounts held under the Contract, provided that you are enrolled in our required minimum distribution program. Withdrawal Charges are not yet been withdrawnwaived on Qualified Contracts that are Inherited IRA contracts; (3) Premiums subject to a Withdrawal Charge; and (4) any gainor · [Withdrawals after the first Contract Anniversary, interestif the Owner, or other amount Annuitant in the case of a Non- Natural Owner, has been diagnosed on or after the Contract Date as having a medically determinable condition that results in a life expectancy of twelve (12) months or less and we are provided with required medical evidence satisfactory to us. This is referred to as a Terminal Illness Waiver in the Contract Specifications. If this Contract is terminated in accordance with its provisions, the termination shall not considered a Premium. The total prejudice this waiver of Withdrawal Charge assessed while it is equal in force.] The request to the sum of the separate Withdrawal Charges applied to each Premium. In no event will the total Withdrawal Charge exceed the sum of the separate Withdrawal Charge Percentages applied to each respective Premium. Premiums, when withdrawn, are deemed to be withdrawn on a first-in-first-out basis, with the oldest Premiums withdrawn first. We will apply a Waiver of waive the Withdrawal Charge must be in writing and include required medical evidence, if applicable. If the circumstances stated on your Specifications Pages. Free Withdrawal Amount - The Free Withdrawal Amount is the amount you may withdraw each Contract Year without paying a Withdrawal Charge. Your Free Withdrawal Amount is the greater of (i) the Free Withdrawal Percentage stated on your Specifications Pages multiplied by your Account Value on the date of the withdrawal, minus any partial withdrawals taken during the current Contract Year, or (ii) the Free Withdrawal Percentage multiplied by your Account Value as of the immediately preceding Contract Anniversary, minus any prior withdrawals made during that Contract Year. In the first Contract Year, the Account Value referenced in item (ii) will be your initial Premium. The Free Withdrawal Amount is not cumulative; any Free Withdrawal Amount not withdrawn in a Contract Year may not be carried forward request to future Contract Years. The Free Withdrawal Amount applies only to partial withdrawals and does not apply to a surrender. The Free Withdrawal Amount does not reduce waive the Withdrawal Charge applicable is denied by us, the Withdrawal request shall not be processed until the Owner is notified of the denial and provided with the opportunity to each Premium. Transfer Fee - We may deduct a Transfer Fee for accept or reject the Withdrawal request, including any Transfers among Subaccounts as stated on your Specifications Pages. Unrestricted Transfers, as stated on your Specifications Pages, are not subject to a Transfer Fee. Premium Tax - Your state or other governmental authority may impose a Premium Tax. It may be imposed when a Premium is paid, on the Annuity Date, or at some other time. If required by your state or other governmental authority, we will assess the Premium Tax on your ContractWithdrawal Charges.