Home Office: 151 Farmington Ave. Hartford, Connecticut 06156 (800) 525-4225

                        Home Office: 000 Xxxxxxxxxx Xxx.
                           Hartford, Connecticut 06156
                                 (000) 000-0000

             Aetna Life Insurance and Annuity Company, herein called Aetna,
           agrees to pay the benefits stated in this Contract.

Specifications
--------------------------------------------------------------------------------
Plan
     Marathon Plus
--------------------------------------------------------------------------------
Type of Plan
     Flexible Premium Account
--------------------------------------------------------------------------------
Contract Holder
     E. G. Anybroker
--------------------------------------------------------------------------------
Contract No.
     Specimen
--------------------------------------------------------------------------------
Effective Date
     September 1, 1993
--------------------------------------------------------------------------------
This Contract is Delivered in Your State                 and is Subject to the
Laws of that Jurisdiction

THE VARIABLE FEATURES OF THE GROUP CONTRACT ARE DESCRIBED IN PARTS III AND IV.

Right To Cancel
-------------------------------------------------------------------------------
The Contract Holder may cancel this Contract within 20 days of receiving it, by
returning this Contract along with a written notice to Aetna at the above
address or to the agent from whom it was purchased. Within 7 days after it
receives the notice of cancellation and this Contract at its Home Office, Aetna
will return the entire consideration paid plus any increase or minus any
decrease in the current value of any funds allocated to the Separate Accounts.

This page, the following pages, and the application make up the entire Contract.

Signed at the Home Office on the Effective Date.


      /s/ X. X. Xxxxxxx                           /s/ Xxxxxx X. Xxxxxxx
          Xxxx X. Xxxxxxx                             Xxxxxx X. Xxxxxxx
          President                                   Secretary

G-CDA-IC (NQ)



             Group Variable, Fixed, or Combination Annuity Contract
                                Nonparticipating

ALL PAYMENTS AND VALUES PROVIDED BY THE GROUP CONTRACT, WHEN BASED ON INVESTMENT
EXPERIENCE OF A SEPARATE ACCOUNT, ARE VARIABLE AND ARE NOT GUARANTEED AS TO
FIXED DOLLAR AMOUNT. THIS CONTRACT CONTAINS A MARKET VALUE ADJUSTMENT FORMULA.
APPLICATION OF A MARKET VALUE ADJUSTMENT MAY RESULT IN EITHER AN INCREASE OR
DECREASE IN THE CURRENT VALUE. THE MARKET VALUE ADJUSTMENT FORMULA DOES NOT
APPLY TO A GUARANTEED TERM AT THE TIME OF ITS MATURITY.


                                       2


Specifications

--------------------------------------------------------------------------------
Guaranteed              There is a guaranteed interest rate for Purchase
Interest Rate           Payment(s) held in the MG Account. (See Contract
                        Schedule I).
--------------------------------------------------------------------------------
Deductions from the     There will be deductions for mortality and expense risks
Separate Account        and administrative fees. (See Contract Schedule I and
                        II).
--------------------------------------------------------------------------------
Deduction from          Purchase Payment(s) are subject to a deduction for
Purchase Payment(s)     premium taxes, if any. (See 3.01.)

--------------------------------------------------------------------------------
Surrender Fee           There will be a charge deducted upon surrender. (See
                        Contract Schedule I).

This Contract is a legal contract and constitutes the entire legal relationship
between Aetna and the Contract Holder.

READ THIS CONTRACT CAREFULLY. This Contract sets forth, in detail, all of the
rights and obligations of both you and Aetna. IT IS THEREFORE IMPORTANT THAT YOU
READ THIS CONTRACT CAREFULLY.


                                       3



                               Contract Schedule I
                               Accumulation Period

Separate Account
--------------------------------------------------------------------------------

Separate Account:          Variable Annuity Account B

Charges to Separate        A daily charge is deducted from any portion of the
Account:                   Current Value allocated to the Separate Account. The
                           deduction is the daily equivalent of the annual
                           effective percentage shown in the following chart:

                           Administrative Charge      0.15%
                           Mortality Risk Charge      0.35%
                           Expense Risk Charge        0.90%
                                                      -----
                           Total Separate Account
                           Charges                    1.40%

Marathon Guaranteed Account (MG Account)
--------------------------------------------------------------------------------

                           Minimum Guaranteed Interest Rate (effective annual
                           rate of return): 3.0%.

Separate Account and MG Account
--------------------------------------------------------------------------------

Transfers:                 An unlimited number of Transfers may be made during
                           the Accumulation Period. Aetna allows 12 free
                           Transfers in any calendar year. Thereafter, Aetna
                           reserves the right to charge $10 for each subsequent
                           Transfer.

Maintenance Fee:           The annual Maintenance Fee is $30. If the Account's
                           Current Value is $50,000 or more on the date the
                           Maintenance Fee is to be deducted, the Maintenance
                           Fee is $0.


                                       4


                              Contract Schedule II
                                 Annuity Period

Separate Account
--------------------------------------------------------------------------------

Charges to Separate        A daily charge at an annual effective rate of 1.25%
Account:                   for Annuity mortality and expense risks. The
                           administrative charge is established upon election of
                           an Annuity option. This charge will not exceed 0.25%.

Variable Annuity Assumed   If a Variable Annuity is chosen, an assumed annual
Annual Net Return Rate:    net return rate of 5.0% may be elected. If 5.0% is
                           not elected, Aetna will use an assumed annual net
                           return rate of 3.5%.

                           The assumed annual net return rate factor for 3.5%
                           per year is 0.9999058.

                           The assumed annual net return rate factor for 5.0%
                           per year is 0.9998663.

                           If the portion of a Variable Annuity payment for any
                           Fund is not to decrease, the Annuity return factor
                           under the Separate Account for that Fund must be:

                           (a)     4.75% on an annual basis plus an annual
                                   return of up to 0.25% to offset the
                                   administrative charge set at the time Annuity
                                   payments commence if an assumed annual net
                                   return rate of 3.5% is chosen; or

                           (b)     6.25% on an annual basis plus an annual
                                   return of up to 0.25% to offset the
                                   administrative charge set at the time Annuity
                                   payments commence, if an assumed annual net
                                   return rate of 5% is chosen.

Xxxxx Xxxxxxx
-------------------------------------------------------------------------------

                           Minimum Guaranteed Interest Rate (effective annual
                           rate of return): 3.0%


See 1. GENERAL DEFINITIONS for explanations.


                                       5


                                TABLE OF CONTENTS

                                                                          Page
I.  GENERAL DEFINITIONS

      1.01    Account.........................................................8
      1.02    Accumulation Period.............................................8
      1.03    Adjusted Current Value..........................................8
      1.04    Annuitant.......................................................8
      1.05    Annuity.........................................................8
      1.06    Beneficiary.....................................................8
      1.07    Certificate Holder..............................................8
      1.08    Code............................................................8
      1.09    Contract........................................................8
      1.10    Contract Holder.................................................9
      1.11    Current Value...................................................9
      1.12    Deposit Period..................................................9
      1.13    Fixed Annuity...................................................9
      1.14    Fund(s).........................................................9
      1.15    General Account.................................................9
      1.16    Guaranteed Rates - MG Account..................................10
      1.17    Guaranteed Term................................................10
      1.18    Guaranteed Term(s) Groups......................................10
      1.19    Maintenance Fee................................................10
      1.20    Marathon Guaranteed Account (MG Account).......................11
      1.21    Market Value Adjustment (MVA)..................................11
      1.22    Matured Term Value.............................................11
      1.23    Matured Term Value Transfer....................................11
      1.24    Maturity Date..................................................11
      1.25    Net Purchase Payment(s)........................................11
      1.26    Nonunitized Separate Account...................................11
      1.27    Purchase Payment(s)............................................11
      1.28    Reinvestment...................................................12
      1.29    Separate Account...............................................12
      1.30    Surrender Value................................................12
      1.31    Transfers......................................................12
      1.32    Valuation Period (Period)......................................12
      1.33    Variable Annuity...............................................12

II.  GENERAL PROVISIONS

      2.01    Change of Contract.............................................13
      2.02    Change of Fund(s)..............................................14
      2.03    Nonparticipating Contract......................................14
      2.04    Payments and Elections.........................................15
      2.05    State Laws.....................................................15
      2.06    Control of Contract............................................15
      2.07    Designation of Beneficiary.....................................16
      2.08    Misstatements and Adjustments..................................16
      2.09    Incontestability...............................................16
      2.10    Grace Period...................................................16
      2.11    Individual Certificates........................................16

                                       6


III.  PURCHASE PAYMENT, CURRENT VALUE, AND SURRENDER PROVISIONS

      3.01    Net Purchase Payment............................................16
      3.02    Certificate Holder's Account....................................17
      3.03    Fund(s) Record Units -- Separate Account........................17
      3.04    Net Return Factor(s) -- Separate Account........................17
      3.05    Fund Record Unit Value -- Separate Account......................18
      3.06    Market Value Adjustment.........................................18
      3.07    Transfer of Current Value from the Funds or MG Account..........20
      3.08    Notice to the Certificate Holder................................21
      3.09    Loans...........................................................21
      3.10    Systematic Withdrawal Option (SWO)..............................21
      3.11    Death Benefit Amount............................................23
      3.12    Death Benefit Options available to Beneficiary..................24
      3.13    Liquidation of Surrender Value..................................26
      3.14    Surrender Fee...................................................26
      3.15    Payment of Surrender Value......................................27
      3.16    Reinstatement...................................................27
      3.17    Payment of Adjusted Current Value...............................28

IV.  ANNUITY PROVISIONS

      4.01    Choices to be Made..............................................28
      4.02    Terms of Annuity Options........................................29
      4.03    Death of Annuitant/Beneficiary..................................31
      4.04    Fund(s) Annuity Units -- Separate Account.......................32
      4.05    Fund(s) Annuity Unit Value -- Separate Account..................32
      4.06    Annuity Net Return Factor(s) -- Separate Account................33
      4.07    Annuity Options.................................................34

                                       7


I.  GENERAL DEFINITIONS
--------------------------------------------------------------------------------

1.01 Account:              A record established for each Certificate Holder to
                           maintain the value of all Net Purchase Payments held
                           on his/her behalf during the Accumulation Period.

1.02 Accumulation          The period during which the Net Purchase Payment(s)
     Period:               are applied to an Account to provide future Annuity
                           payment(s).

1.03 Adjusted              The Current Value of an Account plus or minus any
     Current Value:        aggregate MG Account MVA, if applicable. (See 1.21)

1.04 Annuitant:            The person whose life is measured for purposes of the
                           guaranteed death benefit and the duration of Xxxxxxx
                           payments under this Contract.

1.05 Annuity:              Payment of an income:

                           (a) For the life of one or two persons; (b) For a
                           stated period; or (c) For some combination of (a) and
                           (b).

1.06 Beneficiary:          The individual or estate entitled to receive any
                           payment from the Account upon the death of the
                           Annuitant.

1.07 Certificate           A person who purchases an interest in this Contract
     Holder:               as evidenced by a certificate. A Certificate Holder
                           cannot be a nonnatural person (i.e. a trustee for a
                           trust, an executor or administrator for an estate, or
                           an incorporated or unincorporated business).

1.08 Code:                 The Internal Revenue Code of 1986, as it may be
                           amended from time to time.

1.09 Contract:             This agreement between Aetna and the Contract Holder.

                                       8


1.10 Contract Holder:      The entity to which the Contract is issued. The
                           Contract is offered to:

                           (a)     National Association of Securities
                                   Dealers, Inc. ("NASD") member
                                   broker-dealers selected by Aetna, who
                                   have a minimum net capital of $250,000
                                   or more, including broker-dealer
                                   subsidiaries of banks and savings and
                                   loan associations;

                           (b)     Employers who sponsor nonqualified benefit
                                   plans for their employees (exempt from ERISA
                                   Title I);

                           (c)     Entities that contribute to annuities on
                                   behalf of their customers; and

                           (d)     Custodians of custodial accounts and trustees
                                   of trusts that have been established for
                                   Individual Retirement Accounts under Code
                                   Section 408.

1.11 Current Value:        As of the most recent Valuation Period, the Net
                           Purchase Payment and any additional amount deposited
                           pursuant to 3.11 plus any interest added to the
                           portion allocated to the MG Account; and plus or
                           minus the investment experience of the portion
                           allocated to the Funds since deposit; less all
                           Maintenance Fees deducted, any amounts surrendered
                           and any amounts applied to an Annuity.

1.12                       Deposit Period: A calendar week, a calendar month, a
                           calendar quarter, or any other period of time
                           specified by Aetna during which Net Purchase
                           Payment(s), Transfers and Reinvestments are accepted
                           into the MG Account for one or more Guaranteed Terms.
                           Aetna reserves the right to extend the Deposit
                           Period.

1.13 Fixed Annuity:        An Annuity with payments that do not vary in amount.

1.14                       Fund(s): The open-end management investment companies
                           (mutual funds) in which the Separate Account invests.

1.15                       General Account: The Account holding the assets of
                           Aetna, other than those assets held in Aetna's
                           separate accounts.

                                       9


1.16 Guaranteed Rates -    Aetna will declare the interest rate(s) applicable to
     MG Account:           a specific Guaranteed Term at the start of the
                           Deposit Period for that Guaranteed Term. The rate(s)
                           are guaranteed by Aetna for that Deposit Period and
                           the ensuing Guaranteed Term. The Guaranteed Rates are
                           annual effective yields. That is, interest is
                           credited daily at a rate that will produce the
                           Guaranteed Rate over the period of a year. No
                           Guaranteed Rate will ever be less than the Minimum
                           Guaranteed Rate shown on Contract Schedule I.

                           For Guaranteed Terms of one year or less, one
                           Guaranteed Rate is credited for the full Guaranteed
                           Term. For longer Guaranteed Terms, an initial
                           Guaranteed Rate is credited from the date of deposit
                           to the end of a specified period within the
                           Guaranteed Term. There may be different Guaranteed
                           Rate(s) declared for subsequent specified time
                           intervals throughout the Guaranteed Term.

1.17 Guaranteed Term:      The period of time for which MG Account Guaranteed
                           Rates are guaranteed on Net Purchase Payments,
                           Transfers and Reinvestments made into a current
                           Deposit Period for the MG Account. Such period begins
                           on the day following the close of the Deposit Period
                           and ends on the designated Maturity Date. Guaranteed
                           Terms are offered at Aetna's discretion for various
                           lengths of time ranging up to and including ten
                           years.

                           During a Deposit Period, Aetna may make available any
                           number of Guaranteed Terms. The Certificate Holder
                           may allocate Net Purchase Payments and Transfers into
                           any or all of the available Guaranteed Terms.

1.18 Guaranteed Term(s)    All MG Account Guaranteed Term(s) with the same
     Groups:               length of time from the close of the Deposit Period
                           until the designated Maturity Date.

1.19 Maintenance Fee:      The Maintenance Fee (see Contract Schedule I) will be
                           deducted during the Accumulation Period from the
                           Current Value on each anniversary of the date the
                           Account is established and upon surrender of the
                           entire Account.

                                       10


1.20 Marathon              An accumulation option where Aetna guarantees
     Guaranteed Account    stipulated rate(s) of interest for specified periods
     (MG Account):         of time. All assets of Aetna, including amounts in
                           the Nonunitized Separate Account, are available to
                           meet the guarantees under the MG Account.

1.21 Market Value          An adjustment to the amount withdrawn or transferred
     Adjustment (MVA):     from an MG Account Guaranteed Term prior to the end
                           of that Guaranteed Term. The adjustment reflects the
                           change in the value of the investment due to changes
                           in interest rates since the date of deposit and is
                           computed using the formula given in 3.06. The
                           adjustment is expressed as a percentage of each
                           dollar being withdrawn.


1.22 Matured Term Value:   The amount payable on an MG Account Guaranteed Term's
                           Maturity Date.

1.23 Matured Term          During the calendar month following an MG Account
     Value Transfer:       Maturity Date, the Certificate Holder may notify
                           Aetna's Home Office in writing to Transfer or
                           surrender all or part of the Matured Term Value, plus
                           interest at the new Guaranteed Rate accrued thereon,
                           from the MG Account without an MVA. This provision
                           only applies to the first such written request
                           received from the Certificate Holder during this
                           period for any Matured Term Value.

1.24 Maturity Date:        The last day of an MG Account Guaranteed Term.

1.25 Net Purchase          The Purchase Payment less premium taxes, as
     Payment(s):           applicable.

1.26 Nonunitized           A separate account set up by Aetna under Title 38,
     Separate Account:     Section 38a-433, of the Connecticut General Statutes,
                           that holds assets for MG Account Terms. There are no
                           discrete units for this Account. The Certificate
                           Holder does not participate in the investment gain or
                           loss from the assets held in the Nonunitized Separate
                           Account. Such gain or loss is borne entirely by
                           Aetna. These assets may be chargeable with
                           liabilities arising out of any other business of
                           Aetna.


1.27 Purchase              Payment(s) accepted by Aetna at its Home Office.
     Payment(s):           Aetna reserves the right to refuse to accept any
                           Purchase Payment at any time for any reason. No
                           advance notice will be given to the Contract Holder
                           or Certificate Holder.

                                       11


1.28 Reinvestment:         Aetna will mail a notice to the Certificate Holder at
                           least 18 calendar days before a Guaranteed Term's
                           Maturity Date. This notice will contain the Terms
                           available during the current Deposit Periods with
                           their Guaranteed Rate(s) and projected Matured Term
                           Value. If no specific direction is given by the
                           Certificate Holder prior to the Maturity Date, each
                           Matured Term Value will be reinvested in the current
                           Deposit Period for a Guaranteed Term of the same
                           duration. If a Guaranteed Term of the same duration
                           is unavailable, each Matured Term Value will
                           automatically be reinvested in the current Deposit
                           Period for the next shortest Guaranteed Term
                           available. If no shorter Guaranteed Term is
                           available, the next longer Guaranteed Term will be
                           used. Aetna will mail a confirmation statement to the
                           Certificate Holder the next business day after the
                           Maturity Date. This notice will state the Guaranteed
                           Term and Guaranteed Rate(s) which will apply to the
                           reinvested Matured Term Value.

1.29 Separate Account:     A separate account that buys and holds shares of the
                           Fund(s). Income, gains or losses, realized or
                           unrealized, are credited or charged to the Separate
                           Account without regard to other income, gains or
                           losses of Aetna. Aetna owns the assets held in the
                           Separate Account and is not a trustee as to such
                           amounts. This Separate Account generally is not
                           guaranteed and is held at market value. The assets of
                           the Separate Account, to the extent of reserves and
                           other contract liabilities of the Account, shall not
                           be charged with other Aetna liabilities.

1.30 Surrender Value:      The amount payable by Aetna upon the surrender of any
                           portion of an Account.

1.31 Transfers:            The movement of invested amounts among the available
                           Fund(s) and the MG Account under this Contract during
                           the Accumulation Period.

1.32 Valuation Period      The period of time for which a Fund determines its
     (Period):             net asset value, usually from 4:15 p.m. Eastern time
                           each day the New York Stock Exchange is open until
                           4:15 p.m. the next such day, or such other day that
                           one or more of the Funds determines its net asset
                           value.

1.33                       Variable Annuity: An Annuity with payments that vary
                           with the net investment results of one or more Funds
                           under the Separate Account.

                                       12


II.  GENERAL PROVISIONS
--------------------------------------------------------------------------------

2.01                       Change of Contract: Only an authorized officer of
                           Aetna may change the terms of this Contract. Aetna
                           will notify the Contract Holder in writing at least
                           30 days before the effective date of any change. Any
                           change will not affect the amount or terms of any
                           Annuity which begins before the change.

                           Aetna reserves the right to refuse to accept any
                           Purchase Payment at any time for any reason. This
                           applies to an initial Purchase Payment to establish a
                           new Account or to subsequent Purchase Payments to
                           existing Accounts under the Contract. No advance
                           notice will be given to the Contract Holder or
                           Certificate Holder.

                           Aetna may make any change that affects the MG Account
                           Market Value Adjustment (3.06) with at least 30 days'
                           advance written notice to the Contract Holder and the
                           Certificate Holder. Any such change shall become
                           effective for any new Term and will apply to all
                           present and future Accounts.

                           Aetna reserves the right to change the terms of the
                           Systematic Withdrawal Option (3.10) for future
                           elections and discontinue the availability of this
                           option after proper notification.

                           Any change that affects any of the following under
                           this Contract will not apply to Accounts in existence
                           before the effective date of the change:

                           (a) Net Purchase Payment (1.25)

                           (b) MG Account Guaranteed Rate (1.16)

                           (c) Net Return Factor(s) -- Separate Account (3.04)

                           (d) Current Value (1.11)

                           (e) Surrender Value (1.30)

                           (f) Fund(s) Annuity Unit Value -- Separate Account
                               (4.05)

                           (g) Annuity options (4.07)

                           (h) Fixed Annuity Interest Rates (4.01)

                           (i) Transfers (1.31).

                                       13


2.01 Change of Contract    Any change that affects the Annuity options and the
     (Cont'd):             tables for the options may be made:

                           (a) No earlier than 12 months after the effective
                               date of this Contract; and

                           (b) No earlier than 12 months after the effective
                               date of any prior change.

                           Any Account established on or after the effective
                           date of any change will be subject to the change. If
                           the Contract Holder does not agree to any change
                           under this provision, no new Accounts may be
                           established under this Contract. This Contract may
                           also be changed as deemed necessary by Aetna to
                           comply with federal or state law.

2.02 Change of Fund(s): Aetna, or the Separate Account, may:

                           (a) Change the Fund(s) which may be invested in by
                               the Separate Account; and

                           (b) Replace the shares of any Fund(s) held in the
                               Separate Account with shares of any other
                               Fund(s).

                           Changes must be:

                           (a) Approved by a majority vote in the Separate
                               Account with respect to the Fund(s) whose shares
                               are to be replaced; or

                           (b) Deemed necessary by Aetna under the Investment
                               Company Act of 1940; or

                           (c) Deemed necessary by Aetna to accomplish the
                               purpose of the Separate Account.

                           Aetna will notify the Contract Holder and the
                           Certificate Holder of any change.

2.03 Nonparticipating      The Contract Holder, Certificate Holders or
     Contract:             Beneficiaries will not have a right to share in the
                           earnings of Aetna.

                                       14


2.04 Payments and          While the Certificate Holder is living, Aetna will
     Elections:            pay the Certificate Holder any Annuity payments as
                           and when due. After the Certificate Xxxxxx's death,
                           any Annuity payments required to be made will be paid
                           in accordance with 4.03. Aetna will determine other
                           payments and/or elections as of the end of the
                           Valuation Period in which the request is received at
                           its Home Office. Such payments will be made within 7
                           calendar days of receipt at its Home Office of a
                           written claim for payment which is in good order,
                           except as provided in 3.15.

2.05 State Laws:           The Contract and the Certificates comply with the
                           laws of the state in which they are delivered. Any
                           surrender, death, or Annuity payments are equal to or
                           greater than the minimum required by such laws.
                           Annuity tables for legal reserve valuation shall be
                           as required by state law. Such tables may be
                           different from Annuity tables used to determine
                           Annuity payments.

2.06 Control of Contact:   This is a Contract between the Contract Holder and
                           Aetna. The Contract Holder has title to the Contract.
                           Contract Holder rights are limited to accepting or
                           rejecting Contract modifications. The Certificate
                           Holder has all other rights to amounts held in his or
                           her Account.

                           Each Certificate Holder shall own all amounts held in
                           his or her Account. Each Certificate Holder may make
                           any choices allowed by this Contract for his or her
                           Account. Choices made under this Contract must be in
                           writing. Until receipt of such choices at Aetna's
                           Home Office, Aetna may rely on any previous choices
                           made.

                           The Contract is not subject to the claims of any
                           creditors of the Contract Holder or the Certificate
                           Holder, except to the extent permitted by law.

                           The Certificate Holder may assign or transfer his or
                           her rights under the Contract to one or more natural
                           persons. Any assignment or transfer made must be
                           submitted to Aetna's Home Office in writing and will
                           not be effective until accepted by Aetna.

                                       15


2.07 Designation of        Each Certificate Holder shall name his or her
     Beneficiary:          Beneficiary. The Beneficiary may be changed at any
                           time. Changes to a Beneficiary must be submitted to
                           Aetna's Home Office in writing and will not be
                           effective until accepted by Aetna.

2.08 Misstatements and     If Aetna finds the age of any Annuitant to be
     Adjustments:          misstated, the correct facts will be used to adjust
                           payments.

2.09 Incontestability:     Aetna cannot cancel this Contract because of any
                           error of fact on the application. Aetna cannot cancel
                           an Account because of any error of fact on the
                           enrollment form.

2.10 Grace Period:         This Contract will remain in effect even if Purchase
                           Payments are not continued except as provided in the
                           Payment of Adjusted Current Value provision (see
                           3.17).

2.11 Individual            Aetna shall issue a certificate to each Certificate
     Certificates:         Holder. The certificate will summarize certain
                           provisions of the Contract. Certificates are for
                           information only and are not a part of the Contract.

III.  PURCHASE PAYMENT, CURRENT VALUE, AND SURRENDER PROVISIONS
--------------------------------------------------------------------------------

3.01 Net Purchase          This amount is the actual Purchase Payment less any
     Payment:              premium tax. Aetna will generally deduct the premium
                           tax when Annuity benefits are elected (see Part IV).
                           If Aetna determines that under applicable state law,
                           it must pay a premium tax when the Purchase Payment
                           is received or at any other time, it will deduct the
                           tax at that time.

                           The Net Purchase Payment will be credited among:

                           (a) The current Deposit Period(s) for Guaranteed
                               Terms under the MG Account; and

                           (b) The Fund(s) in which the Separate Account
                               invests.

                                       16


3.01 Net Purchase          For each Net Purchase Payment, the Certificate Holder
     Payment (Cont'd):     shall tell Aetna the allocation percentage to be
                           applied to the current Deposit Period for each of the
                           available Guaranteed Terms in the MG Account and/or
                           each Fund. If allocation instructions are not
                           received along with any subsequent Net Purchase
                           Payment, the allocation will be the same as that
                           indicated on the original enrollment form. If the
                           same Guaranteed Term is no longer available, the Net
                           Purchase Payment will be allocated to the next
                           shortest Guaranteed Term available in the current
                           Deposit Period. If no shorter Guaranteed Term is
                           available, the next longer Guaranteed Term will be
                           used.

3.02 Certificate           Aetna will maintain an Account for each Certificate
     Holder's Account:     Holder.

                           Aetna will declare from time to time the
                           acceptability and the minimum amount for additional
                           Purchase Payments. Each Account will be subject to
                           the Terms and Conditions of the Contract in effect at
                           the time the first Purchase Payment for such Account
                           is applied to the Contract except for changes made to
                           comply with federal or state law.

3.03 Fund(s) Record        The portion of the Net Purchase Payment(s) applied to
     Units --Separate      each Fund under the Separate Account will determine
     Account:              the number of Fund record units for that Fund. This
                           number is equal to the portion of the Net Purchase
                           Payment(s) applied to each Fund divided by the Fund
                           record unit value (see 3.05) for the Valuation Period
                           in which the Purchase Payment is received in good
                           order at Aetna's Home Office.

3.04 Net Return            The net return factor(s) are used to compute all
     Factor(s) --          Separate Account record units for any Fund.
     Separate Account:     The net return factor(s) for each Fund is equal to
                           1.0000000 plus the net return rate.


                                       17


3.04 Net Return            The net return rate is equal to:
     Factor(s) --
     Separate Account      (a) The value of the shares of the Fund held by the
     (Cont'd):                 Separate Account at the end of the Valuation
                               Period; minus

                           (b) The value of the shares of the Fund held by the
                               Separate Account at the start of the Valuation
                               Period; plus or minus

                           (c) Taxes (or reserves for taxes) on the Separate
                               Account (if any); divided by

                           (d) The total value of the Fund(s) record units and
                               Fund(s) annuity units of the Separate Account at
                               the start of the Valuation Period; minus

                           (e) A daily Separate Account charge at an annual rate
                               as shown on Contract Schedule I for mortality and
                               expense risks, which may include profit; and a
                               daily administrative charge.

                           A net return rate may be more or less than 0%. The
                           value of a share of the Fund is equal to the not
                           assets of the Fund divided by the number of shares
                           outstanding.

3.05 Fund Record Unit      A Fund record unit value is computed by multiplying
     Value -- Separate     the net return factors for the current Valuation
     Account:              Period by the Fund record unit value for the previous
                           Period. The dollar value of Fund record units,
                           Separate Account assets, and Variable Annuity
                           payments may go up or down due to investment gain or
                           loss.

3.06 Market Value          There will be an MVA for a withdrawal from the MG
     Adjustment:           Account before the end of a Guaranteed Term when the
                           withdrawal is due to:

                           (a) A Transfer; except as specified in MG Account
                               Matured Term Value Transfer;

                           (b) A full or partial surrender, including a 1O% free
                               withdrawal under 3.14; or

                           (c) An election of Annuity option 2 (see 4.07).

                           Full and partial surrenders and Transfers made within
                           six months after the date of the Annuitant's death
                           will be the greater of:

                                       18


3.06 Market Value          (a) The aggregate MVA amount which is the sum of all
     Adjustment                market value adjusted amounts calculated due to a
     (Cont'd):                 withdrawal of amounts. This total may be greater
                               or less than the Current Value of those amounts;
                               or

                           (b) The applicable portion of the Current Value in
                               the MG Account.

                           After the six-month period, the surrender or Transfer
                           will be the aggregate MVA amount, which may be
                           greater or less than the Current Value of those
                           amounts.

                           The greater of the aggregate MVA amount or the
                           applicable portion of the Current Value applies to
                           amounts withdrawn from the MG Account on account of
                           an election of Annuity options 3 or 4 (see 4.07).

                           Market value adjusted amounts will be equal to the
                           amount withdrawn multiplied by the following ratio:

                                    x
                                   ---
                                   365
                           (1 + i)
                           -------
                                    x
                                   ---
                                   365
                           (1 + j)

                           Where:

                                i   is the Deposit Period Yield

                                j   is the Current Yield

                                x   is the number of days remaining, (computed
                                    from Wednesday of the week of withdrawal) in
                                    the Guaranteed Term.

                                The Deposit Period Yield will be determined as
                                follows:

                                (a)     At the close of the last business day of
                                        each week of the Deposit Period, a yield
                                        will be computed as the average of the
                                        yields on that day of U.S. Treasury
                                        Notes which mature in the last three
                                        months of the Guaranteed Term.

                                (b)     The Deposit Period Yield is the average
                                        of those yields for the Deposit Period.
                                        If withdrawal is made before the close
                                        of the Deposit Period, it is the average
                                        of those yields on each week preceding
                                        withdrawal.

                                       19


3.06 Market Value          The Current Yield is the average of the yields on the
     Adjustment            last business day of the week preceding withdrawal on
     (Cont'd):             the same U.S. Treasury Notes included in the Deposit
                           Period Yield.

                           In the event that no U.S. Treasury Notes which mature
                           in the last three months of the Guaranteed Term
                           exist, Aetna reserves the right to use the U.S.
                           Treasury Notes that mature in the following quarter.

3.07 Transfer of           Before an Annuity option is elected, all or any
     Current Value         portion of the Adjusted Current Value of the
     from the Funds        Certificate Holder's Account may be transferred from
     or MG Account:        any Fund or Guaranteed Term of the MG Account:

                           (a) To any other Fund; or

                           (b) To any Guaranteed Term of the MG Account
                               available in the current Deposit Period.

                           Transfer requests can be submitted as a percentage or
                           as a dollar amount. Aetna may establish a minimum
                           transfer amount. Within a Guaranteed Term Group, the
                           amount to be surrendered or transferred will be
                           withdrawn first from the oldest Deposit Period, then
                           from the next oldest, and so on until the amount
                           requested is satisfied.

                           The Certificate Holder may make an unlimited number
                           of Transfers during the Accumulation Period. The
                           number of free Transfers allowed by Aetna is shown on
                           Contract Schedule I. Additional Transfers may be
                           subject to a Transfer fee as shown on Contract
                           Schedule I.

                           Transfers from the MG Account of a Matured Term Value
                           on or within one calendar month of a Term's Maturity
                           Date do not count against the annual Transfer limit.

                           Amounts applied to Guaranteed Terms of the MG Account
                           may not be transferred to the Funds or to another
                           Guaranteed Term during the Deposit Period or for 90
                           days after the close of the Deposit Period except for
                           Matured Term Value(s) during the calendar month
                           following the Term's Maturity Date.

                           Transfers from Guaranteed Terms of the MG Account are
                           subject to the MVA provisions of 3.06.

                                       20


3.08 Notice to the         The Certificate Holder will receive quarterly
     Certificate Holder:   statements from Aetna of:

                           (a) The value of any amounts held in:

                               (1) The MG Account; and

                               (2) The Fund(s) under the Separate Account.

                           (b) The number of any Fund(s) record units; and

                           (c) The Fund(s) record unit value.

                           Such number or values will be as of a specific date
                           no more than 60 days before the date of the notice.

3.09 Loans:                Loans are not available under this Contract.

3.10 Systematic            A distribution option under which a portion of the
     Withdrawal Option     Account's Current Value will automatically be
     (SWO):                surrendered and distributed each year. SWO payments
                           will be calculated on the Account's full Current
                           Value. The distributed amount is withdrawn pro rata
                           from each investment option under the Account. A
                           Surrender Fee will not be deducted from any portion
                           of the Adjusted Current Value which is paid as a
                           distribution under SWO.

                           Certificate Holders should consult their tax adviser
                           prior to requesting this distribution option. Aetna
                           will not be responsible for any adverse tax
                           consequences due to receiving SWO payments.

                           (a) Amount of Distribution: The Certificate Holder
                               may elect one of the three payment methods
                               described below.

                               (1) Specified Payment: Payments of a designated
                                   dollar amount. The annual amount may not be
                                   greater than the percentage of the Current
                                   Value at time of election as shown on
                                   Contract Schedule I. This annual dollar
                                   amount will remain constant. At its
                                   discretion, Aetna may require a minimum
                                   initial payment amount;

                               (2) Specified Period: Payments which are made
                                   over a period of time which must be at least
                                   10 years. The annual amount paid each year is
                                   calculated by dividing the Current Value as
                                   of December 31 of the prior year by the
                                   number of payment years remaining; or

                                       21


3.10 Systematic                (3) Specified Percentage: Payment of a designated
     Withdrawal Option             percentage which cannot be greater than the
     (SWO) (Cont'd):               percentage of the Current Value at the time
                                   of election as shown on Contract Schedule I.
                                   The percentage may be changed by written
                                   request. Aetna reserves the right to limit
                                   the number of times the percentage may be
                                   changed. The annual amount is calculated by
                                   multiplying the Current Value as of December
                                   31 of the year prior to the payment by the
                                   designated percentage.

                           Payments upon the Certificate Holder's or Annuitant's
                           death will be made to the Beneficiary in the manner
                           described in 3.12.

                           (b) Minimum Initial Current Value: At its discretion,
                               Aetna may require a minimum initial Current Value
                               for election of this option. If after election of
                               this option the Current Value is insufficient to
                               make a scheduled SWO payment, Aetna will
                               distribute the entire Account balance.

                           (c) Date of Distribution: The Certificate Holder
                               shall specify the initial distribution date. The
                               earliest date for distribution is the date on
                               which the Certificate Holder attains age 59 1/2.
                               As elected by the Certificate Holder, SWO
                               payments will be made on a monthly, quarterly,
                               semi-annual or annual basis. If SWO payments are
                               made more frequently than annually, the
                               designated annual amount is divided by the number
                               of payments due each calendar year. Subsequent
                               distributions will be made on the 15th of any
                               month or such other date Aetna may designate or
                               allow.

                           (d) Election and Revocation: SWO may be elected by
                               submitting a completed and signed election form
                               to Aetna's Home Office. Once elected, this option
                               may be revoked by the Certificate Holder or
                               spousal Beneficiary, if elected after the
                               Certificate Holder's death, by submitting a
                               written request to Aetna at its Home Office. Any
                               revocation will apply only to amounts not yet
                               paid. SWO may be elected only once by the
                               Certificate Holder or by the spousal Beneficiary.

                                       22


3.11 Death Benefit         If the Certificate Holder or Annuitant dies before
     Amount:               Annuity payments start, the Beneficiary is entitled
                           to a death benefit under the Account. The claim date
                           is the date when proof of death and the Beneficiary's
                           claim are received in good order at Aetna's Home
                           Office. The amount of the death benefit is determined
                           as follows:

                           (a) Death of Annuitant less than 75 years of age: The
                               guaranteed death benefit is the greatest of:

                               (1) The gross sum of all Purchase Payment(s) made
                                   to the Account (as of the date of death)
                                   minus the sum of all amounts surrendered,
                                   applied to an Annuity, or deducted from the
                                   Account;

                               (2) The step up value as of the date of death
                                   plus all Net Purchase Payments made to the
                                   Account, minus the total of all partial
                                   surrenders, amounts applied to an Annuity and
                                   deductions made from the Account since
                                   determination of the step up value. The step
                                   up value is the Current Value on the most
                                   recent seventh year anniversary of the date
                                   the first Net Purchase Payment is applied to
                                   the Account;

                               (3) The Account's Current Value as of the date of
                                   death.

                               The excess, if any, of the guaranteed death
                               benefit value over the Account's Current Value is
                               determined as of the date of death. Any excess
                               amount will be deposited to the Account and
                               allocated to Aetna Variable Encore Fund as of the
                               claim date. The Current Value on the claim date
                               plus any excess amount deposited becomes the
                               Account's Current Value.

                           (b) Death of Annuitant age 75 or greater: The death
                               benefit amount is the Account Current Value on
                               the claim date.

                           (c) Death of the Certificate Holder if the
                               Certificate Holder is not the Annuitant: The
                               death benefit amount is the Account's Adjusted
                               Current Value on the claim date. A Surrender Fee
                               may apply to any full or partial surrender (see
                               3.14 and Contract Schedule I).

                                       23


3.12 Death Benefit         Prior to any election, or until amounts must be
     Options available     otherwise distributed under this section, the Current
     to Beneficiary:       Value of the Account will be retained in the Account.
                           The Beneficiary has the right under the Account to
                           allocate or reallocate any amount to any of the
                           available investment options (subject to an MVA, as
                           applicable). The following options are available to
                           the Beneficiary:

                           (a) When the Certificate Holder is the Annuitant: If
                               the Certificate Holder/Annuitant dies, and:

                               (1) If the Beneficiary is the Certificate
                                   Xxxxxx's surviving spouse, the Beneficiary
                                   will be the successor Certificate Holder of
                                   the Account on Aetna's records. Such
                                   successor Certificate Holder may exercise all
                                   Certificate Holder rights under the Contract
                                   and continue in the Accumulation Period, or
                                   may elect (i), (ii), or (iii) below. Under
                                   the Code, distributions from the Account are
                                   not required until the successor Certificate
                                   Xxxxxx's death. The Beneficiary may elect to:

                                   (i)   Apply some or all of the Adjusted
                                         Current Value of the Account to Annuity
                                         option 2, 3 or 4 (see 4.07);

                                   (ii)  Apply some or all of the Adjusted
                                         Current Value of the Account to Annuity
                                         option 1 (see 4.07); or

                                   (iii) Receive, at any time, a lump sum
                                         payment equal to the Adjusted Current
                                         Value of the Account.

                               (2) If the Beneficiary is other than the
                                   Certificate Holder's surviving spouse, then
                                   options (i), (ii), or (iii) under (1) above
                                   apply. Any portion of the Adjusted Current
                                   Value of the Account not applied to Annuity
                                   option 2, 3 or 4 within one year of the
                                   Certificate Holder's death, must be
                                   distributed within five years of the date of
                                   death.

                               (3) If no Beneficiary exists, a lump sum payment
                                   equal to the Adjusted Current Value will be
                                   made to the Certificate Holder's estate.

                                       24


3.12 Death Benefit         (b) When the Certificate Holder is not the Annuitant
     Options available to      and the Certificate Holder dies, and:
     Beneficiary (Cont'd):     (1) If the Beneficiary is the Certificate
                                   Holder's surviving spouse, the Beneficiary
                                   will be the successor Certificate Holder of
                                   the Account on Aetna's records. Such
                                   successor Certificate Holder may exercise all
                                   Certificate Holder rights under the Contract
                                   and continue in the Accumulation Period, or
                                   may elect (i), (ii), or (iii) below. Under
                                   the Code, distributions from the Account are
                                   not required until the successor Certificate
                                   Xxxxxx's death. The Beneficiary may elect to:

                                   (i)   Apply some or all of the Adjusted
                                         Current Value of the Account to Annuity
                                         option 2, 3 or 4 (see 4.07);

                                   (ii)  Apply some or all of the Surrender
                                         Value of the Account to Annuity option
                                         1 (see 4.07); or

                                   (iii) Receive, at any time, a lump sum
                                         payment equal to the Surrender Value of
                                         the Account.

                               (2) If the Beneficiary is other than the
                                   Certificate Holder's surviving spouse, then
                                   options (i), (ii), or (iii) under (1) above
                                   apply. Any portion of the Adjusted Current
                                   Value of the Account not applied to Annuity
                                   option 2, 3 or 4 within one year of the
                                   Certificate Holder's death will be subject to
                                   a Surrender Fee, if applicable, and must be
                                   distributed within five years of the date of
                                   death.

                               (3) If no Beneficiary exists, a lump sum payment
                                   equal to the Surrender Value will be made to
                                   the Certificate Holder's estate.

                           (c) When the Certificate Holder is not the Annuitant
                               and the Annuitant dies: The Beneficiary must
                               elect Annuity option 2, 3 or 4 within 60 days of
                               the date of death or the gain, if any, will be
                               includable in the Beneficiary's income in the tax
                               year in which the Annuitant dies.

                                       25


3.13 Liquidation of        All or any portion of the Account's Adjusted
     Surrender Value:      Current Value may be surrendered at any time.
                           Surrender requests can be submitted as a percentage
                           of the Account value or as a specific dollar amount.
                           Net Purchase Payment amounts are withdrawn first, and
                           then the excess value, if any. For any partial
                           surrender, amounts are withdrawn on a pro rata basis
                           from the Fund(s) and/or the Guaranteed Term(s) Groups
                           of the MG Account in which the Current Value is
                           invested. Within a Guaranteed Term Group, the amount
                           to be surrendered or transferred will be withdrawn
                           first from the oldest Deposit Period, then from the
                           next oldest, and so on until the amount requested is
                           satisfied.

                           After deduction of the Maintenance Fee, if
                           applicable, the surrendered amount shall be reduced
                           by a Surrender Fee, if applicable.

3.14 Surrender Fee:        The Surrender Fee only applies to the Net Purchase
                           Payment(s) portion surrendered and varies according
                           to the elapsed time since deposit (see Contract
                           Schedule I). Net Purchase Payment amounts are
                           withdrawn in the same order they were applied.

                           No Surrender Fee is deducted from any portion of the
                           Current Value which is paid:

                           (a) To a Beneficiary due to the Annuitant's death
                               before Xxxxxxx payments start, up to a maximum of
                               the aggregate Net Purchase Payment(s) minus the
                               total of all partial surrenders, amounts applied
                               to an Annuity and deductions made prior to the
                               Annuitant's date of death;

                           (b) As a premium for an Annuity option 2, 3 or 4
                               under this Contract (see 4.07);

                           (c) As a distribution under the SWO provision (see
                               3.10);

                           (d) At least 12 months after the date of the first
                               Purchase Payment to the Account, in an amount
                               equal to or less than 10% of the Current Value.
                               This applies to the first surrender request,
                               partial or full, in a calendar year. The Current
                               Value is calculated as of the date the surrender
                               request is received in good order at Aetna's Home
                               Office. This waiver is not available to the
                               Certificate Holder while SWO is in effect;

                                       26


3.14 Surrender Fee         (e) For a full surrender of the Account where the
     (Cont'd):                 Current Value of the Account is $2,500 or less
                               and no surrenders have been taken from the
                               Account within the prior 12 months;

                           (f) By Aetna under 3.17; or

                           (g) If the Annuitant has spent at least 45
                               consecutive days in a licensed nursing care
                               facility and each of the following conditions are
                               met:

                               (1) more than one calendar year has elapsed since
                                   the date the certificate was issued; and

                               (2) the surrender is requested within 3 years of
                                   admission to a licensed nursing care
                                   facility.

                               This waiver does not apply if the Annuitant was
                               in a nursing care facility at the time the
                               certificate was issued.

3.15 Payment of            Under certain emergency conditions, Aetna may defer
     Surrender Value:      payment:

                           (a) For a period of up to 6 months (unless not
                               allowed by state law); or

                           (b) As provided by federal law.

3.16 Reinstatement:        All or a portion of the proceeds of a full surrender
                           of an Account may be reinvested within 30 days after
                           the surrender. Any Maintenance Fee and Surrender Fee
                           charged at the time of surrender on the amount being
                           reinvested will be included in the reinstatement. Any
                           Market Value Adjustment(s) deducted from surrenders
                           will not be included in the reinstatement.

                                       27


3.16 Reinstatement         Amounts will be reinstated among the MG Account and
     (Cont'd):             the Funds in the Separate Account in the same
                           proportion as they were at the time of surrender. Any
                           amounts reinstated to the MG Account will be credited
                           to the Guaranteed Terms available during the current
                           Deposit Period in the same proportion as they were at
                           the time of surrender. In the event that a Guaranteed
                           Term of the same duration is unavailable, amounts
                           will be reinvested in the next shortest Guaranteed
                           Term available in the current Deposit Period. If no
                           shorter Guaranteed Term is available, the next longer
                           Guaranteed Term will be used. The number of Fund(s)
                           Record Units reinstated will be based on the Record
                           Unit Value(s) next computed after receipt at Aetna's
                           Home Office of the reinstatement request and the
                           amount to be reinstated.

                           Any Maintenance Fee which falls due after the
                           surrender and before the reinstatement will be
                           deducted from the amount reinstated.

                           Any Account(s) surrendered because the Current Value
                           was less than $2,500 immediately following any
                           partial surrender may not be reinstated (see 3.17).

                           Reinstatement of an Account is permitted only once.

3.17 Payment of Adjusted   Upon 90 days' written notice to the Certificate
     Current Value:        Holder, Aetna will terminate any Account if the
                           Current Value becomes less than $2,500 immediately
                           following any partial surrender. Aetna does not
                           intend to exercise this right in cases where an
                           Account Current Value is reduced to $2,500 or less
                           solely due to investment performance. A Surrender Fee
                           will not be deducted from the Adjusted Current Value.
                           This terminated Adjusted Current Value of an Account
                           may not be reinstated.

IV.  ANNUITY PROVISIONS
--------------------------------------------------------------------------------

4.01 Choices to be Made:   The Certificate Holder may tell Aetna to apply any
                           portion of the Adjusted Current Value (minus any
                           premium tax) for an Annuity under option 2, 3, or 4
                           (see 4.07). The first Annuity payment may not be
                           earlier than one calendar year after the initial
                           Purchase Payment nor later than the later of:

                                       28


4.01 Choices to            (a) The first day of the month following the
     be Made (Cont'd):         Xxxxxxxxx's 85th birthday; or

                           (b) The tenth anniversary of the last Purchase
                               Payment. In lieu of the election of an Annuity,
                               the Certificate Holder may tell Aetna to make a
                               lump sum payment.

                           When an Annuity Option is chosen, Aetna must also be
                           told if payments are to be made other than monthly
                           and whether to pay:

                           (a) A Fixed Annuity using the General Account;

                           (b) A Variable Annuity using any of the Fund(s)
                               available under this Contract for Annuity
                               purposes; or

                           (c) A combination of (a) and (b).

                           If a Fixed Annuity is chosen, the Annuity purchase
                           rate for the option chosen reflects the Minimum
                           Guaranteed Interest Rate (see Contract Schedule II),
                           but may reflect higher interest rates. If a Variable
                           Annuity is chosen, the initial Annuity payment for
                           the option chosen reflects the assumed annual return
                           rate elected. (see Contract Schedule II).

4.02 Terms of              (a) When payments start, the age of the Annuitant
     Annuity Options:          plus the number of years for which payments are
                               guaranteed must not exceed 95.

                           (b) An Annuity option may not be elected if the first
                               payment would be less than $50 or if the total
                               payments in a year would be less than $250 (less
                               if required by state law). Aetna reserves the
                               right to increase the minimum first Annuity
                               payment amount and the annual minimum Annuity
                               payment amount based upon increases reflected in
                               the Consumer Price Index-Urban, (CPI-U) since
                               July 1, 1993.

                           (c) If a Fixed Annuity under option 2, 3 or 4 is
                               chosen and a larger payment would result from
                               applying the Surrender Value to a current Aetna
                               single premium immediate Annuity, Aetna will make
                               the larger payment.

                                       29


4.02 Terms of Annuity      (d) For purposes of calculating the guaranteed first
     Options (Cont'd):         payment of a Variable Annuity or the payments for
                               a Fixed Annuity, the Annuitant's and second
                               Annuitant's adjusted age will be used. The
                               Annuitant's and second Xxxxxxxxx's adjusted age
                               is his or her age as of the birthday closest to
                               the Annuity commencement date reduced by one year
                               for Annuity commencement dates occurring during
                               the period of time from July 1, 1993 through
                               December 31, 1999. The Annuitant's and second
                               Xxxxxxxxx's age will be reduced by two years for
                               Annuity commencement dates occurring during the
                               period of time from January 1, 2000 through
                               December 31, 2009. The Annuitant's and second
                               Annuitant's age will be reduced by one additional
                               year for Annuity commencement dates occurring in
                               each succeeding decade.

                           The Annuity purchase rates for options 3 and 4 are
                           based on mortality from 1983 Table a.

                           (e) Assumed Annual Net Return Rate is the interest
                               rate used to determine the amount of the first
                               Annuity payment under a Variable Annuity as shown
                               on Contract Schedule II. The Separate Account
                               must earn this rate plus enough to cover the
                               mortality and expense risks charges (which may
                               include profit) and administrative charges if
                               future Variable Annuity Payments are to remain
                               level, (see Annuity return factor under Variable
                               Annuity Assumed Annual Net Return Rate on
                               Contract Schedule II).

                           (f) Once elected, Annuity payments cannot be commuted
                               to a lump sum except for Variable Annuity
                               payments under option 2 (see 4.07). The life
                               expectancy of the Annuitant or the Annuitant and
                               second Annuitant shall be irrevocable upon the
                               election of an Annuity option.

                                       30


4.03 Death of              (a) Certificate Holder is Annuitant: When the
     Annuitant/                Certificate Holder is the Annuitant and the
     Beneficiary:              Annuitant dies under option 2 or 3, or both the
                               Annuitant and the second Annuitant die under
                               option 4(d), the present value of any remaining
                               guaranteed payments will be paid in one sum to
                               the Beneficiary, or upon election by the
                               Beneficiary, any remaining payments will continue
                               to the Beneficiary. If option 4 has been elected
                               and the Certificate Holder dies, the remaining
                               payments will continue to the successor payee. If
                               no successor payee has been designated, the
                               Beneficiary will be treated as the successor
                               payee.

                           (b) Certificate Holder is Not Annuitant: When the
                               Certificate Holder is not the Annuitant and the
                               Certificate Holder dies, the remaining payments
                               under options 2, 3 or 4 will continue to the
                               successor payee. If no successor payee has been
                               designated, the Beneficiary will be treated as
                               the successor payee.

                               If the Annuitant dies under option 2 or 3, of if
                               both the Annuitant and the second Annuitant die
                               under option 4(d), the present value of any
                               remaining guaranteed payments will be paid in one
                               sum to the Beneficiary, or upon the election by
                               the Beneficiary, any remaining payments will
                               continue to the Beneficiary. If option 4 has been
                               elected, and the Annuitant dies, the remaining
                               payments will continue to the Certificate Holder.

                           (c) No Beneficiary Named/Surviving: If there is no
                               Beneficiary under option 2, 3, or 4, the present
                               value of any remaining payments will be paid in
                               one sum to the Certificate Holder, or if the
                               Certificate Holder is not living, then to the
                               Certificate Holder's estate.

                           (d) If the Beneficiary designated under option 1
                               dies, the amount held plus accrued interest will
                               be paid in one sum to a successor Beneficiary, if
                               any, named by the designated Beneficiary. If
                               there is no successor Beneficiary, the lump sum
                               will be paid to the designated Beneficiary's
                               estate.

                                       31


4.03 Death of              (e) If the Beneficiary or the successor payee dies
     Annuitant/                while receiving Annuity payments, the present
     Beneficiary               value of any remaining guaranteed payments will
     (Cont'd):                 be paid in one sum to the successor
                               Beneficiary/payee, or upon election by the
                               successor Beneficiary/payee, any remaining
                               payments will continue to the successor
                               Beneficiary/payee. If no successor
                               Beneficiary/payee has been designated, the
                               present value of any remaining guaranteed
                               payments will be paid in one sum to the
                               Beneficiary's/payee's estate.

                           (f) The present value will be determined as of the
                               Valuation Period in which proof of death
                               acceptable to Aetna and a request for payment is
                               received at Aetna's Home Office. The interest
                               rate used to determine the first payment will be
                               used to calculate the present value.

4.04 Fund(s) Annuity       The number of each Fund's Annuity Units is based on
     Units - Separate      the amount of the first Variable Annuity payment
     Account:              which is equal to:

                           (a) The portion of the Current Value applied to pay a
                               Variable Annuity (minus any premium tax); divided
                               by

                           (b) 1,000; multiplied by

                           (c) The payment rate for the option chosen.

                           Such amount, or portion, of the variable payment will
                           be divided by the appropriate Fund Annuity unit value
                           (see 4.05) on the tenth Valuation Period before the
                           due date of the first payment to determine the number
                           of each Fund Annuity units. The number of each Fund
                           Annuity units remains fixed. Each future payment is
                           equal to the sum of the products of each Fund Annuity
                           unit value multiplied by the appropriate number of
                           units. The Fund Annuity unit value on the tenth
                           Valuation Period prior to the due date of the payment
                           is used.

4.05 Fund(s) Annuity       For any Valuation Period, a Fund Annuity unit value
      Unit Value --        is equal to:
     Separate Account:
                           (a) The value for the previous Period; multiplied by

                           (b) The Annuity net return factor(s) (see 4.06 below)
                               for the Period; multiplied by

                           (c) A factor to reflect the assumed annual net return
                               rate (see Contract Schedule II).

                                       32


4.05 Fund(s) Annuity Unit  The dollar value of a Fund Annuity unit values and
     Value -- Separate     Annuity payments may go up or down due to investment
     Account (Cont'd):     gain or loss.

4.06 Annuity Net Return    The Annuity net return factor(s) are used to compute
     Factor(s) --          all Separate Account Annuity Payments for any Fund.
     Separate Account:
                           The Annuity net return factor(s) for each Fund is
                           equal to 1.0000000 plus the net return rate.

                           The net return rate is equal to:

                           (a) The value of the shares of the Fund held by the
                               Separate Account at the end of a Valuation
                               Period; minus

                           (b) The value of the shares of the Fund held by the
                               Separate Account at the start of the Valuation
                               Period; plus or minus

                           (c) Taxes (or reserves for taxes) on the Separate
                               Account (if any); divided by

                           (d) The total value of the Fund(s) record units and
                               Fund(s) Annuity units of the Separate Account at
                               the start of the Valuation Period; minus

                           (e) A daily charge for Annuity mortality and expense
                               risks, which may include profit, and a daily
                               administrative charge ( at the annual rate as
                               shown on Contract Schedule II).

                           A net return rate may be more or less than 0%.

                           The value of a share of the Fund is equal to the net
                           assets of the Fund divided by the number of shares
                           outstanding.

                           Payments shall not be changed due to changes in the
                           mortality or expense results or administrative
                           charges.

                                       33


4.07 Annuity Options:      Option 1 -- Payment of interest on Sum Left with
                           Aetna -- This option may be used only by the
                           Beneficiary when the Certificate Holder dies before
                           Aetna has started paying an Annuity. A portion or all
                           of the sum paid upon death may be held under this
                           option and will be held in the General Account of
                           Aetna at interest (see 4.01). The Beneficiary may
                           later tell Aetna to:

                           (a) Pay a portion or all of the sum held by Aetna; or

                           (b) Apply a portion or all of the sum held by Aetna
                               to any Annuity option below.

                           If a nonspouse Beneficiary elects that some or all of
                           the Current Value is to be held under this option,
                           the Beneficiary must tell Aetna to pay the full sum
                           held under this option within 5 years of the date of
                           death.

                           Option 2 -- Payments for a Stated Period of Time --
                           An Annuity will be paid for the number of years
                           chosen. The number of years must be at least 5 and
                           not more than 30.

                           If payments for this option are made under a Variable
                           Annuity, the present value of any remaining payments
                           may be withdrawn at any time. If a withdrawal is
                           requested within 3 years after the start of payments,
                           it will be treated as a surrender and any applicable
                           Surrender Fee will be applied (see 3.14).

                           If a nonspouse Beneficiary elects this option at the
                           death of the Certificate Holder, the period selected
                           may not extend beyond the Beneficiary's life
                           expectancy.

                           Option 3 -- Life Income -- An Annuity will be paid
                           for the life of the Annuitant. If also chosen, Aetna
                           will guarantee payments for 60, 120, 180, or 240
                           months.

                           Option 4 -- Life Income Based upon the Lives of Two
                           Annuitants -- An Annuity will be paid during the
                           lives of the Annuitant and a second Annuitant.
                           Payments will continue until both Annuitants have
                           died. When this option is chosen, a choice must be
                           made of:

                                       34


                           (a) 100% of the payment to continue after the first
                               death;

                           (b) 66-2/3% of the payment to continue after the
                               first death;

                           (c) 50% of the payment to continue after the first
                               death;

                           (d) Payments for a minimum of 120 months with 100% of
                               the payment to continue after the first death; or

4.07 Annuity Options       (e) 100% of the payment to continue at the death of
     (Cont'd):                 the second Annuitant and 50% of the payment to
                               continue at the death of the Annuitant.

                           Other Options -- Aetna may make other options
                           available as allowed by the laws of the state in
                           which this Contract and the Certificate is delivered.


                                       35


                                    OPTION 2

                      Payments for a Stated Period of Time

                 Amount of First Monthly Payment for Each $1,000
                 After Deduction of any Charge for Premium Taxes

         Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.0%


-----------------------------------------------------------------------------
           Guaranteed     Monthly     Quarterly     Semi-Annual       Annual
 Years        Rate        Payment       Payment       Payment        Payment
-----------------------------------------------------------------------------

   3         3.00%         $28.99       $86.76        $172.88       $343.23
   4         3.00%          22.06        66.02         131.56        261.19
   5         3.00%          17.91        53.59         106.78        211.99
   6         3.00%          15.14        45.30          90.27        179.22
   7         3.00%          13.16        39.39          78.49        155.83
   8         3.00%          11.68        34.96          69.66        138.31
   9         3.00%          10.53        31.52          62.81        124.69
  10         3.00%           9.61        28.77          57.33        113.82
  11         3.00%           8.86        26.52          52.85        104.93
  12         3.00%           8.24        24.65          49.13         97.54
  13         3.00%           7.71        23.08          45.98         91.29
  14         3.00%           7.26        21.73          43.29         85.95
  15         3.00%           6.87        20.56          40.96         81.33
  16         3.00%           6.53        19.54          38.93         77.29
  17         3.00%           6.23        18.64          37.14         73.74
  18         3.00%           5.96        17.84          35.56         70.59
  19         3.00%           5.73        17.13          34.14         67.78
  20         3.00%           5.51        16.50          32.87         65.26
  21         3.00%           5.32        15.92          31.72         62.98
  22         3.00%           5.15        15.40          30.68         60.92
  23         3.00%           4.99        14.92          29.74         59.04
  24         3.00%           4.84        14.49          28.88         57.33
  25         3.00%           4.71        14.09          28.08         55.76
  26         3.00%           4.59        13.73          27.36         54.31
  27         3.00%           4.47        13.39          26.68         52.97
  28         3.00%           4.37        13.08          26.06         51.74
  29         3.00%           4.27        12.79          25.49         50.60
  30         3.00%           4.18        12.52          24.95         49.53
-----------------------------------------------------------------------------

                                       36


                                    OPTION 3

                                   LIFE INCOME

                 Amount of First Monthly Payment for Each $1,000
                 After Deduction of any Charge For Premium Taxes

         Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.0%

                Payments Guaranteed for a Stated Period of Months

-----------------------------------------------------------------------------
 Adjusted
  Age of         None          60          120         180         240
 Annuitant
-----------------------------------------------------------------------------

    50          $ 4.05       $ 4.05      $ 4.03      $ 3.99      $ 3.93
    51            4.12         4.11        4.09        4.05        3.99
    52            4.19         4.19        4.16        4.11        4.04
    53            4.27         4.26        4.23        4.18        4.10
    54            4.35         4.34        4.31        4.25        4.16

    55            4.44         4.42        4.39        4.32        4.22
    56            4.53         4.51        4.47        4.40        4.29
    57            4.62         4.61        4.56        4.48        4.35
    58            4.72         4.71        4.65        4.56        4.42
    59            4.83         4.81        4.75        4.64        4.49

    60            4.95         4.93        4.86        4.73        4.55
    61            5.07         5.05        4.97        4.83        4.62
    62            5.20         5.17        5.08        4.92        4.69
    63            5.34         5.31        5.20        5.02        4.76
    64            5.49         5.45        5.33        5.12        4.83

    65            5.65         5.61        5.47        5.22        4.89
    66            5.82         5.77        5.61        5.33        4.96
    67            6.01         5.94        5.75        5.44        5.02
    68            6.20         6.13        5.91        5.54        5.08
    69            6.41         6.33        6.07        5.65        5.14

    70            6.64         6.54        6.23        5.76        5.19
    71            6.88         6.76        6.41        5.86        5.24
    72            7.14         7.00        6.59        5.97        5.28
    73            7.43         7.26        6.77        6.06        5.32
    74            7.73         7.53        6.96        6.16        5.35

    75            8.06         7.82        7.14        6.25        5.38
-----------------------------------------------------------------------------

 Rates are based on mortality from 1983 Table a. The rates do not differ by sex.
    Rates for ages not shown will be provided on request and will be computed
            on a basis consistent with the rates in the above tables.

                                       37


                                    OPTION 4

                           Life Income for Two Payees

                 Amount of First Monthly Payment for Each $1,000
                 After Deduction of any Charge for Premium Taxes

         Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.0%


-------------------------------------------------------------------------------
   Adjusted Ages
---------------------
             Second
Xxxxxxxxx   Xxxxxxxxx   Option 4a  Option 4b  Option 4c   Option 4d   Option 4e
-------------------------------------------------------------------------------

   55          50       $  3.69   $  4.05    $  4.27      $  3.69     $  4.03
   55          55          3.88      4.25       4.47         3.87        4.14
   55          60          3.99      4.44       4.71         3.98        4.42

   60          55          3.99      4.44       4.71         3.98        4.42
   60          60          4.24      4.71       4.99         4.23        4.57
   60          65          4.38      4.97       5.32         4.38        4.93

   65          60          4.38      4.97       5.32         4.38        4.93
   65          65          4.72      5.33       5.70         4.71        5.14
   65          70          4.93      5.68       6.15         4.91        5.66

   70          65          4.93      5.68       6.15         4.91        5.66
   70          70          5.40      6.21       6.70         5.36        5.96
   70          75          5.69      6.68       7.32         5.62        6.67

   75          70          5.69      6.68       7.32         5.62        6.67
   75          75          6.37      7.45       8.15         6.23        7.12
   75          80          6.78      8.11       8.99         6.54        8.13
-------------------------------------------------------------------------------

 Rates are based on mortality from 1983 Table a. The rates do not differ by sex.
    Rates for ages not shown will be provided on request and will be computed
            on a basis consistent with the rates in the above tables.


                                       38


                                    OPTION 2

                      Payments for a Stated Period of Time

                 Amount of First Monthly Payment for Each $1,000
                 After Deduction of any Charge for Premium Taxes

        Rates for a Variable Annuity with Assumed Net Return Rate of 3.5%

-----------------------------------------------------------------------------
           Guaranteed     Monthly     Quarterly      Semi-Annual     Annual
 Years        Rate        Payment       Payment         Payment     Payment
-----------------------------------------------------------------------------

   3         3.50%      $  29.19     $  87.33      $  173.91        $  344.86
   4         3.50%         22.27        66.61         132.65           263.04
   5         3.50%         18.12        54.19         107.92           213.99
   6         3.50%         15.35        45.92          91.44           181.32
   7         3.50%         13.38        40.01          79.69           158.01
   8         3.50%         11.90        35.59          70.88           140.56
   9         3.50%         10.75        32.16          64.05           127.00
   10        3.50%          9.83        29.42          58.59           116.18
   11        3.50%          9.09        27.18          54.13           107.34
   12        3.50%          8.46        25.32          50.42            99.98
   13        3.50%          7.94        23.75          47.29            93.78
   14        3.50%          7.49        22.40          44.62            88.47
   15        3.50%          7.10        21.24          42.31            83.89
   16        3.50%          6.76        20.23          40.29            79.89
   17        3.50%          6.47        19.34          38.51            76.37
   18        3.50%          6.20        18.55          36.94            73.25
   19        3.50%          5.97        17.85          35.54            70.47
   20        3.50%          5.75        17.22          34.28            67.98
   21        3.50%          5.56        16.65          33.15            65.74
   22        3.50%          5.39        16.13          32.13            63.70
   23        3.50%          5.24        15.66          31.19            61.85
   24        3.50%          5.09        15.24          30.34            60.17
   25        3.50%          4.96        14.85          29.56            58.62
   26        3.50%          4.84        14.49          28.85            57.20
   27        3.50%          4.73        14.15          28.19            55.90
   28        3.50%          4.63        13.85          27.58            54.69
   29        3.50%          4.53        13.57          27.02            53.57
   30        3.50%          4.45        13.30          26.49            52.53
-----------------------------------------------------------------------------

                                       39


                                    OPTION 2

                      Payments for a Stated Period of Time

                 Amount of First Monthly Payment for Each $1,000
                 After Deduction of any Charge for Premium Taxes

        Rates for a Variable Annuity with Assumed Net Return Rate of 5.0%

-----------------------------------------------------------------------------
          Guaranteed    Monthly     Quarterly    Semi-Annual      Annual
 Years       Rate       Payment      Payment       Payment        Payment
-----------------------------------------------------------------------------

   3        5.00%      $  29.80   $  89.04       $  176.99      $  349.72
   4        5.00%         22.89      68.38          135.93         268.58
   5        5.00%         18.74      56.00          111.33         219.98
   6        5.00%         15.99      47.77           94.96         187.64
   7        5.00%         14.02      41.90           83.30         164.59
   8        5.00%         12.56      37.52           74.58         147.35
   9        5.00%         11.42      34.11           67.81         133.99
   10       5.00%         10.51      31.40           62.42         123.34
   11       5.00%          9.77      29.19           58.03         114.66
   12       5.00%          9.16      27.36           54.38         107.45
   13       5.00%          8.64      25.81           51.31         101.39
   14       5.00%          8.20      24.50           48.69          96.21
   15       5.00%          7.82      23.36           46.44          91.75
   16       5.00%          7.49      22.37           44.47          87.88
   17       5.00%          7.20      21.51           42.75          84.48
   18       5.00%          6.94      20.74           41.23          81.47
   19       5.00%          6.71      20.06           39.88          78.80
   20       5.00%          6.51      19.46           38.68          76.42
   21       5.00%          6.33      18.91           37.59          74.28
   22       5.00%          6.17      18.42           36.62          72.35
   23       5.00%          6.02      17.98           35.73          70.61
   24       5.00%          5.88      17.57           34.93          69.02
   25       5.00%          5.76      17.20           34.20          67.57
   26       5.00%          5.65      16.87           33.53          66.25
   27       5.00%          5.54      16.56           32.92          65.04
   28       5.00%          5.45      16.28           32.35          63.93
   29       5.00%          5.36      16.01           31.83          62.90
   30       5.00%          5.28      15.77           31.35          61.95
-----------------------------------------------------------------------------

                                       40



                                    OPTION 3

                                   LIFE INCOME

                 Amount of First Monthly Payment for Each $1,000
                 After Deduction of any Charge for Premium Taxes

        Rates for a Variable Annuity with Assumed Net Return Rate of 3.5%

                Payments Guaranteed for a Stated Period of Months

-----------------------------------------------------------------------------
    Adjusted
Age of Annuitant        None        60         120         180        240
-----------------------------------------------------------------------------

       50             $ 4.34      $ 4.34     $ 4.31      $ 4.27      $ 4.22
       51               4.41        4.40       4.38        4.33        4.27
       52               4.48        4.47       4.45        4.40        4.32
       53               4.56        4.55       4.52        4.46        4.38
       54               4.64        4.63       4.59        4.53        4.44

       55               4.72        4.71       4.67        4.60        4.50
       56               4.81        4.80       4.75        4.67        4.56
       57               4.91        4.89       4.84        4.75        4.62
       58               5.01        4.99       4.93        4.83        4.69
       59               5.12        5.10       5.03        4.92        4.75

       60               5.23        5.21       5.13        5.00        4.82
       61               5.36        5.33       5.24        5.09        4.88
       62               5.49        5.45       5.35        5.19        4.95
       63               5.63        5.59       5.47        5.28        5.02
       64               5.78        5.73       5.60        5.38        5.08

       65               5.94        5.89       5.73        5.48        5.15
       66               6.11        6.05       5.87        5.58        5.21
       67               6.29        6.22       6.02        5.69        5.27
       68               6.49        6.41       6.17        5.79        5.33
       69               6.70        6.60       6.33        5.90        5.38

       70               6.92        6.81       6.49        6.00        5.43
       71               7.17        7.04       6.66        6.10        5.48
       72               7.43        7.27       6.84        6.20        5.52
       73               7.71        7.53       7.02        6.30        5.55
       74               8.02        7.80       7.20        6.39        5.59

       75               8.35        8.08       7.38        6.48        5.62
-----------------------------------------------------------------------------

 Rates are based on mortality from 1983 Table a. The rates do not differ by sex.
    Rates for ages not shown will be provided on request and will be computed
            on a basis consistent with the rates in the above tables.

                                       41


                                    OPTION 3

                                   Life Income

                 Amount of First Monthly Payment for Each $1,000
                 After Deduction of any Charge for Premium Taxes

        Rates for a Variable Annuity with Assumed Net Return Rate of 5.0%

                Payments Guaranteed for a Stated Period of Months

-----------------------------------------------------------------------------
    Adjusted
Age of Annuitant      None        60         120        180          240
-----------------------------------------------------------------------------

       50           $ 5.26      $ 5.25     $ 5.22     $ 5.17       $ 5.11
       51             5.33        5.32       5.28       5.23         5.15
       52             5.40        5.38       5.34       5.29         5.20
       53             5.47        5.45       5.41       5.35         5.26
       54             5.54        5.53       5.48       5.41         5.31

       55             5.63        5.61       5.56       5.47         5.36
       56             5.71        5.69       5.63       5.54         5.42
       57             5.80        5.78       5.72       5.61         5.47
       58             5.90        5.88       5.81       5.69         5.53
       59             6.01        5.98       5.90       5.77         5.59

       60             6.12        6.09       6.00       5.85         5.65
       61             6.24        6.21       6.10       6.93         5.71
       62             6.37        6.33       6.21       6.02         5.77
       63             6.51        6.46       6.33       6.11         5.83
       64             6.66        6.60       6.45       6.20         5.89

       65             6.82        6.75       6.57       6.30         5.95
       66             6.99        6.91       6.71       6.39         6.01
       67             7.17        7.08       6.85       6.49         6.06
       68             7.36        7.27       6.99       6.59         6.12
       69             7.57        7.46       7.15       6.69         6.17

       70             7.80        7.67       7.30       6.78         6.21
       71             8.05        7.89       7.47       6.88         6.25
       72             8.31        8.13       7.64       6.97         6.29
       73             8.59        8.38       7.81       7.06         6.33
       74             8.90        8.64       7.99       7.15         6.36

       75             9.23        8.93       8.16       7.23         6.38
-----------------------------------------------------------------------------

 Rates are based on mortality from 1983 Table a. The rates do not differ by sex.
    Rates for ages not shown will be provided on request and will be computed
            on a basis consistent with the rates in the above tables.


                                       42



                                    OPTION 4

                           Life Income for Two Payees

                 Amount of First Monthly Payment for Each $1,000
                 After Deduction of any Charge for Premium Taxes

        Rates for a Variable Annuity with Assumed Net Return Rate of 3.5%

--------------------------------------------------------------------------------
     Adjusted Ages
-----------------------
               Second
Annuitant    Annuitant   Option 4a  Option 4b  Option 4c  Option 4d  Option 4e
-----------------------------------------------------------------------------

   55            50       $  3.97   $  4.35    $  4.56     $  3.97    $  4.31
   55            55          4.16      4.54       4.76        4.15       4.42
   55            60          4.27      4.73       5.00        4.26       4.48

   60            55          4.27      4.73       5.00        4.26       4.70
   60            60          4.51      4.99       5.27        4.50       4.84
   60            65          4.66      5.25       5.61        4.65       4.93

   65            60          4.66      5.25       5.61        4.65       5.22
   65            65          4.99      5.61       5.99        4.98       5.42
   65            70          5.19      5.97       6.44        5.17       5.54

   70            65          5.19      5.97       6.44        5.17       5.93
   70            70          5.67      6.49       6.99        5.62       6.23
   70            75          5.95      6.96       7.61        5.87       6.40

   75            70          5.95      6.96       7.61        5.87       6.95
   75            75          6.64      7.73       8.43        6.48       7.40
   75            80          7.04      8.39       9.29        6.79       7.64
-----------------------------------------------------------------------------

 Rates are based on mortality from 1983 Table a. The rates do not differ by sex.
    Rates for ages not shown will be provided on request and will be computed
            on a basis consistent with the rates in the above tables.


                                       43


                                    OPTION 4

                           Life Income for Two Payees

                 Amount of First Monthly Payment for Each $1,000
                 After Deduction of any Charge for Premium Taxes

        Rates for a Variable Annuity with Assumed Net Return Rate of 5.0%

-----------------------------------------------------------------------------
         Adjusted Ages
--------------------------------
            Second
Annuitant  Annuitant   Option 4a   Option 4b   Option 4c   Option 4d   Option 4e
---------  ---------   ---------   ---------   ---------   ---------   ---------

   55          50       $  4.88    $  5.26     $  5.48      $  4.88     $  5.23
   55          55          5.04       5.44        5.66         5.04        5.32
   55          60          5.15       5.63        5.91         5.14        5.38

   60          55          5.15       5.63        5.91         5.14        5.59
   60          60          5.37       5.87        6.16         5.37        5.72
   60          65          5.52       6.14        6.51         5.51        5.80

   65          60          5.52       6.14        6.51         5.51        6.10
   65          65          5.83       6.49        6.87         5.82        6.29
   65          70          6.04       6.84        7.34         6.00        6.41

   70          65          6.04       6.84        7.34         6.00        6.81
   70          70          6.49       7.35        7.87         6.44        7.08
   70          75          6.77       7.84        8.51         6.68        7.25

   75          70          6.77       7.84        8.51         6.68        7.81
   75          75          7.45       8.60        9.33         7.27        8.25
   75          80          7.86       9.28       10.20         7.57        8.49
-----------------------------------------------------------------------------

 Rates are based on mortality from 1983 Table a. The rates do not differ by sex.
    Rates for ages not shown will be provided on request and will be computed
            on a basis consistent with the rates in the above tables.


                                       44



--------------------------------------------------------------------------------

                    Aetna Life Insurance and Annuity Company
                        Home Office: 000 Xxxxxxxxxx Xxx.
                           Hartford, Connecticut 06156
                                 (000) 000-0000




             Group Variable, Fixed, or Combination Annuity Contract
                                Nonparticipating

--------------------------------------------------------------------------------









         ALL PAYMENTS AND VALUES PROVIDED BY THE GROUP CONTRACT, WHEN BASED ON
         INVESTMENT EXPERIENCE OF A SEPARATE ACCOUNT, ARE VARIABLE AND ARE NOT
         GUARANTEED AS TO FIXED DOLLAR AMOUNT. THIS CONTRACT CONTAINS A MARKET
         VALUE ADJUSTMENT FORMULA. APPLICATION OF A MARKET VALUE ADJUSTMENT MAY
         RESULT IN EITHER AN INCREASE OR DECREASE IN THE CURRENT VALUE. THE
         MARKET VALUE ADJUSTMENT FORMULA DOES NOT APPLY TO A GUARANTEED TERM AT
         THE TIME OF ITS MATURITY.




                                       45