ENDORSEMENT
The contract is changed by adding a new provision as follows:
SUCCESSOR OWNER STEP UP IN ACCOUNT VALUE
If a Participant's spouse becomes the Successor Owner of the Participant's
participation interest under the Contract, the Account Value of the
Participant's participation interest will be increased, as of the date that
would have been the Death Benefit Valuation Date, to equal the amount of the
Death Benefit which would have been payable if the Participant's spouse had
not become the Successor Owner of the Participant's participation interest.
If the Death Benefit which would have been payable is equal to the Account
Value as of the date that would have been the Death Benefit Valuation Date,
there will be no change in the Account Value of the Certificate.
For purposes of determining the date that would have been the Death Benefit
Valuation Date, the election to become Successor Owner will be deemed to be
instructions as to the form of death benefit. Therefore, the date that would
have been the Death Benefit Valuation Date will be the later of the date we
receive Due Proof of Death of the Participant, or the date we receive a
Successor Owner election, but never later than one year after the date of
death of the Participant.
If the Participant's spouse becomes the Successor Owner of the Participant's
participation interest, any Contingent Deferred Sales Charge which would
otherwise apply on surrender will be waived, except that if any additional
Purchase Payments are paid by the Successor Owner, Contingent Deferred Sales
Charges will apply as described in this Contract.
If the Account Value of a Certificate is stepped-up under this provision, the
Company will deposit the amount of the increase into the Fixed Accumulation
Account Option. The Successor Owner may make one transfer of all or part of
the amount deposited from the Fixed Accumulation Account to any other Fixed
Account option(s) and/or Sub-Account(s), without such transfer being treated
as a transfer for any other purpose under this Contract.
This is part of the contract. It is not a separate contract. It changes the
policy only as and to the extent stated. In all cases of conflict with the
other terms of the contract, the provisions of this Endorsement shall control.
Signed for us at our office as of the date of issue.
EXHIBIT INDEX
(1) Resolution of the Board of Directors of Annuity Investors Life
Insurance Company(REGISTERED) authorizing establishment of Annuity
Investors(REGISTERED) Variable Account B.1/
(2) Not Applicable.
(3) (a) Distribution Agreement between Annuity Investors Life
Insurance Company (REGISTERED) and AAG Securities, Inc.2/
(b) Form of Selling Agreement between Annuity Investors Life
Insurance Company(REGISTERED), AAG Securities, Inc. and
another Broker-Dealer.1/
(c) Revised form of Selling Agreement between Annuity Investors
Life Insurance Company(REGISTERED, AAG Securities, Inc.
and another Broker-Dealer (filed herewith).
(4) Individual and Group Contract Forms and Endorsements.
(a) Form of Qualified Individual Flexible Premium Deferred
Variable Annuity Contract.2/
(b) Form of Non-Qualified Individual Flexible Deferred Variable
Annuity Contract.2/
(c) Form of Loan Endorsement to Individual Contract.2/
(d) Form of Tax Sheltered Annuity Endorsement to Individual
Contract.2/
(e) Form of Qualified Pension, Profit Xxxxxxx and Annuity Plan
Endorsement to Individual Contract.2/
(f) Form of Employer Plan Endorsement to Individual Contract.2/
(g) Form of Individual Retirement Annuity Endorsement to
Individual Contract.2/
(h) Form of Texas Optional Retirement Program Endorsement to
Individual Contract.2/
(i) Form of Long-Term Care Waiver Rider to Individual Contract.2/
(j) Form of Simple IRA Endorsement to Individual Contract.2/
(k) Form of Group Flexible Premium Deferred Variable Annuity
Contract.2/
(l) Form of Certificate of Participation under a Group Flexible
Premium
Deferred Variable Annuity Contract.2/
(m) Form of Loan Endorsement to Group Contract.2/
(n) Form of Loan Endorsement to Certificate of Participation under
a Group Contract. 2/
(o) Form of Tax Sheltered Annuity Endorsement to Group Contract.2/
(p) Form of Tax Sheltered Annuity Endorsement to Certificate
of Participation under a Group Contract.2/
(q) Form of Qualified Pension, Profit Sharing and
Annuity Plan Endorsement to Group Contract.2/
(r) Form of Qualified Pension, Profit Xxxxxxx and Annuity Plan
Endorsement to Certificate of Participation under a Group
Contract.2/
(s) Form of Employer Plan Endorsement to Group Contract.2/
(t) Form of Employer Plan Endorsement to Certificate of
Participation under a Group Contract.2/
(u) Form of Deferred Compensation Endorsement to
Group Contract.2/
(v) Form of Deferred Compensation Endorsement to Certificate
of Participation under a Group Contract.2/
(w) Form of Texas Optional Retirement Program Endorsement to Group
Contract.2/
(x) Form of Texas Optional Retirement Program Endorsement to
Certificate of Participation under a Group Contract.2/
(y) Form of Long-Term Care Waiver Rider to Group Contract.2/
(z) Form of Long-Term Care Waiver Rider to Certificate of
Participation
under a Group Contract.2/
(aa) Revised form of Individual Retirement Annuity Endorsement to
Individual Qualified Contract. 3/
(bb) Revised form of SIMPLE IRA Endorsement to Qualified Individual
Contract. 3/
(cc) Form of Xxxx XXX Endorsement to Qualified Individual Contract.
3/
(dd) Revised form of Employer Plan Endorsement to Group Contract. 3/
(ee) Revised form of Employer Plan Endorsement to Certificate of
Participation under a Group Contract. 3/
(ff) Revised form of Employer Plan Endorsement to Qualified
Individual Contract. 3/
(gg) Revised form of Tax Sheltered Annuity Endorsement to Group
Contract.3/
(hh) Revised form of Tax Sheltered Annuity Endorsement to
Certificate of Participation under a Group Contract. 3/
(ii) Revised form of Tax Sheltered Annuity Endorsement to Qualified
Individual Contract. 3/
(jj) Revised form of Qualified Pension, Profit Xxxxxxx and Annuity
Plan Endorsement to Group Contract. 3/
(kk) Revised form of Qualified Pension, Profit Xxxxxxx and Annuity
Plan Endorsement to Certificate of Participation under a Group
Contract. 3/
(ll) Revised form of Qualified Pension, Profit Xxxxxxx and Annuity
Plan Endorsement to Qualified Individual Contract. 3/
(mm) Form of Governmental Section 457 Plan Endorsement to Group
Contract. 3/
(nn) Form of Governmental Section 457 Plan Endorsement to
Certificate of Participation under a Group Contract. 3/
(oo) Form of Governmental Section 457 Plan Endorsement to Qualified
Individual Contract. 3/
(pp) Form of Successor Owner Endorsement to Group Contract (filed
herewith).
(qq) Form of Successor Owner Endorsement to Certificate of
Participation under a Group Contract (filed herewith).
(rr) Form of Successor Owner Endorsement to Qualified Individual
Contract and Non-Qualified Individual Contract (filed
herewith).
(5) (a) Form of Application for Individual Flexible Premium Deferred
Annuity Contract and Certificate of Participation under a
Group Contract.2/
(b) Form of Application for Group Flexible Premium Deferred
Annuity Contract.2/
(c) Revised form of Application for Individual Flexible Premium
Deferred Annuity Contract and Certificate of Participation
under a Group Contract. 4/
(d) Revised form of Application for Group Flexible Premium
Deferred Annuity Contract. 4/
(6) (a) Articles of Incorporation of Annuity Investors Life Insurance
Company(REGISTERED).1/
(i) Amendment to Articles of Incorporation, adopted April 9,
1996, and approved by the Secretary of State, State of Ohio,
on July 11, 1996.2/
(ii) Amendment to Articles of Incorporation, adopted August 9,
1996, and approved by the Secretary of State, State of Ohio,
on December 3, 1996.2/
(b) Code of Regulations of Annuity Investors Life Insurance
Company.(REGISTERED)1/
(7) Not Applicable.
(8) (a) Participation Agreement between Annuity Investors Life
Insurance Company(REGISTERED) and Dreyfus Variable Investment
Fund.2/
(i) Letter Agreement dated April 14, 1997 between
Annuity Investors Life Insurance Company (REGISTERED) and
Dreyfus Variable Investment Fund.2/
(b) Participation Agreement between Annuity Investors Life
Insurance Company(REGISTERED) and Dreyfus Life and Annuity
Index Fund, Inc. (d/b/a Dreyfus Stock Index Fund).2/
(i) Letter Agreement dated April 14, 1997 between
Annuity Investors Life Insurance Company(REGISTERED) and
Dreyfus
Life and Annuity Index Fund, Inc. (d/b/a Dreyfus Stock
Index Fund).2/
(c) Participation Agreement between Annuity Investors Life
Insurance Company(REGISTERED) and The Dreyfus Socially
Responsible Growth Fund, Inc.2/
(i) Letter Agreement dated April 14, 1997 between
Annuity Investors Life Insurance Company(REGISTERED) and
The Dreyfus Socially Responsible Growth Fund, Inc.2/
(d) Participation Agreement between Annuity Investors Life
Insurance Company(REGISTERED) and Janus Aspen Series.2/
(e) Participation Agreement between Annuity Investors Life
Insurance Company(REGISTERED) and Strong Variable Insurance
Funds, Inc. and Strong Special Fund II, Inc.2/
(f) Participation Agreement between Annuity Investors Life
Insurance Company(REGISTERED) and INVESCO Variable Investment
Funds, Inc.2/
(g) Participation Agreement between Annuity Investors Life
Insurance Company(REGISTERED) and Xxxxxx Xxxxxxx Universal
Funds, Inc.2/
(h) Participation Agreement between Annuity Investors Life
Insurance Company(REGISTERED) and PBHG Insurance Series Fund,
Inc.2/
(i) Service Agreement between Annuity Investors Life Insurance
Company(REGISTERED) and American Annuity GroupSM, Inc.1/
(j) Agreement between AAG Securities, Inc. and AAG Insurance
Agency, Inc.1/
(k) Investment Service Agreement between Annuity Investors Life
Insurance Company(REGISTERED) and American Annuity
Group(SERVICEMARK), Inc. 1/
(l) Service Agreement between Annuity Investors Life Insurance
Company(REGISTERED) and Strong Capital Management, Inc.2/
(m) Service Agreement between Annuity Investors Life Insurance
Company(REGISTERED) and Pilgrim Xxxxxx & Associates, Ltd.2/
(n) Service Agreement between Annuity Investors Life Insurance
Company(REGISTERED) and Xxxxxx Xxxxxxx Asset Management,Inc. 2/
(o) Amended and Restated Agreement between The Dreyfus Corporation
and Annuity Investors Life Insurance Company(REGISTERED).2/
(p) Service Agreement between Annuity Investors Life
Insurance Company(REGISTERED) and Janus Capital Corporation.2/
(q) Service Agreement between INVESCO Funds Group, Inc. and
Annuity Investors Life Insurance Company.4/
(r) Participation Agreement between The Xxxxxxx Plan Variable
Series, Xxxxxxx Partners, Ltd. and Annuity Investors Life
Insurance Company4/
(s) Service Agreement between The Xxxxxxx Plan Variable Series and
Annuity Investors Life Insurance Company. 4/
(9) Opinion and Consent of Counsel1/.
(10) Consent of Independent Auditors. 4/
(11) No financial statements are omitted from Item 23.
(12) Not Applicable.
(13) Schedule for Computation of Performance Quotations. 4/
(14) Financial Data Schedule. 4/
(15) Powers of Attorney. 5/
