Exhibit 4(m)
VARIABLE ANNUITY ENDORSEMENT
This Contract was modified prior to its execution by addition of the
following:
1. This Contract is issued subject to the laws and regulations of the
State of Texas, including the application of such laws and rules and
requirements to the Contract and to the interpretation of its
provisions, and is amended to conform therewith.
2. The Separate Account applicable to and identified with this Contract
is divisible for various purposes in respect of regulation and
compliance with law, including divisibility as it is applicable to any
function arising from the provisions of the Contract or provisions of
law and regulation.
3. The Company may effect the transfer of assets between the Separate
Account and other accounts for the purposes of making adjustments
necessitated by the Contract, including adjustment for any surplus or
deficit which may arise in such Separate Account by virtue of
mortality experience, or required by governmental authorities having
jurisdiction over the Company. Such adjustments shall be made by cash
transfer only, except as is authorized or required by regulatory
authority.
4. This Contract is subject to endorsement from time to time as may be
necessary to comply with valid and appropriate rules and regulations
adopted by regulatory authorities, or as a court of final jurisdiction
shall determine, and is executed subject to that condition.
5. This Contract is issued subject to the laws of the State where the
Annuitant resides at the time of the making of the Contract and is
subject also to the rules and regulations of the state administrative
agency responsible for variable annuity regulation in such State,
including the application of such laws and rules and requirements to
the Contract and to the interpretation of its provisions; except,
however, in the circumstance and only to the extent the application of
this provision to any person or circumstance is expressly contrary to
and excluded by superior law or valid statute having and determined to
have supremacy in the circumstance.
6. The Company guarantees that the actual expense and actual mortality
will not adversely affect the dollar amounts of Variable Annuity
benefits or other contractual payments or values; and the Company will
transfer such amounts of general corporate funds into the Separate
Account as are necessary to carry out this guarantee. However, no
transfer shall be made, and the Company does not obligate itself to
make any transfer which would result in an impairment of the statutory
reserves of the Company. and this guarantee is accordingly limited.
7. The Variable Annuity benefits of this Contract are funded solely from
the assets of the Separate Account of which it is an obligation and
except to the extent of such limited expense and mortality guarantees,
shall have no claim against any other assets of the Company.
8. Variations in values or cost of accumulative units or the amount of
premium or payments applied to the investment portfolio are or will be
made to effect requirements of law or regulation.
9. The Company will mail to the Contract owner such reports and
information periodically as the law and regulation of appropriate
jurisdictions shall require (irrespective of any provision of this
Contract which may be contrary to such law or regulation).
10. Monthly payments for ages not shown in the Table of Settlement Options
will be provided by the Company upon request.
Signed for The Franklin Life Insurance Company at Springfield,
Illinois.
Secretary
Form 6275-A- Texas
