INDIVIDUAL FLEXIBLE PREMIUM
VARIABLE ANNUITY CONTRACT
AMERICAN MATURITY LIFE INSURANCE COMPANY
Hartford, Connecticut 06104-2999
(a stock life insurance company, herein called the "Company")
We will pay the first of a series of Annuity payments to the Payee as of the
Annuity Commencement Date, if You, the Annuitant, or the Joint Annuitant, if
any, are living. The manner in which the dollar amount of annuity payments is
determined is described in this contract.
This contract is issued in consideration of the payment of the initial premium
payment.
This contract is subject to the laws of the jurisdiction where it is delivered.
The Contract Specifications on Page 3 and the conditions and provisions on this
and the following pages are part of the contract.
RIGHT TO EXAMINE CONTRACT
We want You to be satisfied with the contract You have purchased. We urge You to
closely examine its provisions. If for any reason You are not satisfied with
Your purchase, You may cancel the contract by returning the contract within ten
days after You receive it. A written request for cancellation must accompany the
contract. In such event, We will pay You an amount equal to the sum of (i) the
difference between the premiums paid and the amounts allocated to any Account
under the contract and (ii) the Contract Value on the date of surrender. You
bear only the investment risk during the period prior to Our receipt of request
for cancellation.
Signed for the Company
/s/ Xxxxxxxxx Xxxxx Xxxxxx /s/ Xxxxxx X. Xxxx
Xxxxxxxxx Xxxxx Xxxxxx Xxxxxx X. Xxxx
SENIOR VICE PRESIDENT EXECUTIVE VICE PRESIDENT
GENERAL COUNSEL AND CORPORATE CHIEF OPERATING OFFICER AND
SECRETARY TREASURER
PREMIUM PAYMENTS ARE FLEXIBLE AS DESCRIBED HEREIN.
NONPARTICIPATING
ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON INVESTMENT
EXPERIENCE OF A SUB-ACCOUNT, ARE VARIABLE AND ARE NOT GUARANTEED AS TO FIXED
DOLLAR AMOUNT. DETAILS OF THE VARIABLE PROVISIONS ARE DESCRIBED UNDER VALUATION
PROVISIONS, PAGES 11 AND 12.
AML-VA2002 PRINTED IN U.S.A.
TABLE OF CONTENTS
PAGE
Contract Specifications 3
Definition of Certain Terms 4
Premium Payment Provisions 7
Transfers Between Accounts Provisions 7
Dollar Cost Averaging Provisions 8
Contract Control Provisions 8
General Provisions 9
Valuation Provisions 11
Surrender Provisions 12
Distribution at Time of Death Provisions 14
Calculation of the Death Benefit Provisions 14
Settlement Provisions 17
Annuity Tables 20
AML-VA2002 2 PRINTED IN U.S.A.
CONTRACT SPECIFICATIONS
CONTRACT NUMBER [ SPECIMEN ] CONTRACT ISSUE DATE [ FEBRUARY 8, 1999 ]
NAME OF ANNUITANT [ XXXXX XXXXX ] ANNUITY COMMENCEMENT DATE [ JANUARY 1, 2029 ]
AGE OF ANNUITANT [ 35 ] INITIAL PREMIUM PAYMENT [ $1,000 ]
SEX OF ANNUITANT [ MALE ] MINIMUM SUBSEQUENT PAYMENT $500
CONTINGENT ANNUITANT [ XXXX XXXXX ] MINIMUM FIXED ACCOUNT INTEREST RATE 3%
DESIGNATED BENEFICIARY [ XXX XXXXX ] (APPLIES TO ACCUMULATION PERIOD ONLY)
CONTRACT OWNER [ XXXXX XXXXX ]
DESCRIPTION OF BENEFITS
INDIVIDUAL FLEXIBLE PREMIUM VARIABLE ANNUITY CONTRACT
SEPARATE ACCOUNT: [ AMERICAN MATURITY LIFE INSURANCE COMPANY
SEPARATE ACCOUNT TWO ]
ANNUAL WITHDRAWAL AMOUNT: CONTRACT YEARS 1-7
------------------
15% OF PREMIUM PAYMENTS ON A NONCUMULATIVE BASIS
AFTER CONTRACT YEAR 7
100% OF THE CONTRACT VALUE REDUCED BY THE TOTAL OF
ANY PREMIUM PAYMENTS MADE DURING THE 7 YEARS PRIOR
TO WITHDRAWAL; AND
15% OF PREMIUM PAYMENTS MADE DURING THE 7 YEARS
PRIOR TO WITHDRAWAL ON A NONCUMULATIVE BASIS.
ANNUAL MAINTENANCE FEE: $0 IF THE CONTRACT VALUE IS $50,000 OR MORE ON THE
CONTRACT ANNIVERSARY.
$30 IF THE CONTRACT VALUE IS LESS THAN $50,000 ON
THE CONTRACT ANNIVERSARY.
MORTALITY AND EXPENSE RISK CHARGE: [1.35%] PER ANNUM OF THE DAILY SUB-ACCOUNTS VALUE.
ADMINISTRATION CHARGE: [.15%] PER ANNUM OF THE DAILY SUB-ACCOUNTS VALUE.
OPTIONAL DEATH BENEFIT CHARGE: [.25%] PER ANNUM OF THE DAILY SUB-ACCOUNTS VALUE.
AML-VA2002 3 PRINTED IN U.S.A.
CONTINGENT DEFERRED SALES CHARGES:
SUBJECT TO THE ANNUAL WITHDRAWAL AMOUNT, SURRENDERS OF CONTRACT VALUES
ATTRIBUTABLE TO PREMIUM PAYMENTS MAY BE MADE SUBJECT TO A CONTINGENT DEFERRED
SALES CHARGE ("CHARGE"). THE LENGTH OF TIME FROM RECEIPT OF THE PREMIUM PAYMENT
TO THE TIME OF SURRENDER DETERMINES THE CHARGE.
DURING THE FIRST SEVEN CONTRACT YEARS, ALL SURRENDERS WILL BE FIRST FROM PREMIUM
PAYMENTS AND THEN FROM EARNINGS. IF AN AMOUNT EQUAL TO ALL PREMIUM PAYMENTS HAS
BEEN SURRENDERED, A CHARGE WILL NOT BE ASSESSED AGAINST THE SURRENDER OF THE
REMAINING CONTRACT VALUE.
AFTER THE SEVENTH CONTRACT YEAR, ALL SURRENDERS WILL FIRST BE FROM EARNINGS AND
THEN FROM PREMIUM PAYMENTS. A CHARGE WILL NOT BE ASSESSED AGAINST THE SURRENDER
OF EARNINGS. IF AN AMOUNT EQUAL TO ALL EARNINGS HAS BEEN SURRENDERED, A CHARGE
WILL NOT BE ASSESSED AGAINST PREMIUM PAYMENTS RECEIVED MORE THAN SEVEN YEARS
PRIOR TO SURRENDER, BUT WILL BE ASSESSED AGAINST PREMIUM PAYMENTS RECEIVED LESS
THAN SEVEN YEARS PRIOR TO SURRENDER. FOR THIS PURPOSE, PREMIUM PAYMENTS WILL BE
DEEMED TO BE SURRENDERED IN THE ORDER IN WHICH THEY WERE RECEIVED.
THE CHARGE IS A PERCENTAGE OF THE AMOUNT SURRENDERED (NOT TO EXCEED THE
AGGREGATE AMOUNT OF THE PREMIUM PAYMENTS MADE) AND EQUALS:
LENGTH OF TIME FROM PREMIUM PAYMENTS
CHARGE (NUMBER OF YEARS)
7% 1
6% 2
6% 3
5% 4
4% 5
3% 6
2% 7
0% 8 AND THEREAFTER
NO CONTINGENT DEFERRED SALES CHARGE WILL BE ASSESSED IF:
- THE CONTRACT TERMINATES DUE TO THE DEATH OF THE ANNUITANT OR CONTRACT
OWNER (AS APPLICABLE),
- ELIGIBILITY REQUIREMENTS ARE MET FOR THE WAIVER OF SURRENDER CHARGE,
- ONLY THE ANNUAL WITHDRAWAL AMOUNT IS TAKEN, OR
- AN ANNUITY OPTION IS ELECTED. (ANY SURRENDER OUT OF OPTION 6 MAY BE
SUBJECT TO CONTINGENT DEFERRED SALES CHARGES.)
AML-VA2002 3A PRINTED IN U.S.A.
DEFINITION OF ACCOUNT - Any of the Sub-Accounts or the
CERTAIN TERMS Fixed Account(s).
ACCUMULATION UNIT - An accounting unit of
measure used to calculate the value of a
Sub-Account of this contract before annuity
payments begin.
ADMINISTRATIVE OFFICE OF THE COMPANY -
Currently located at 000 Xxxxxxxxx Xx.,
Xxxxxxxx, XX 00000. All correspondence
concerning this contract should be sent to
Our mailing address: Hartford Life
Individual Annuity Services, P.O. Box 5085,
Hartford, CT 06102-5085.
ANNIVERSARY VALUE - The value equal to the
Contract Value as of a Contract Anniversary,
increased by the dollar amount of any
premium payments made since that anniversary
and reduced by the dollar amount of any
partial surrenders since that anniversary.
If the Contract Anniversary falls on a
non-Valuation Day (weekend or holiday), then
the next Valuation Day will be the Contract
Anniversary for that Contract Year.
ANNUAL WITHDRAWAL AMOUNT - The amount that
can be withdrawn in any Contract Year prior
to incurring surrender charges.
ANNUAL MAINTENANCE FEE - An amount which,
depending on the amount of the Contract
Value, may be deducted from the value of the
contract on each Contract Anniversary or
upon full surrender of this contract. The
Annual Maintenance Fee is shown on Page 3.
ANNUITANT - The person on whose life this
contract is issued. The Annuitant may not be
changed. Also, see Contingent Annuitant and
Joint Annuitant.
ANNUITY - A contract issued by an insurance
company that provides, in consideration of
premium payments, a series of income
payments. Your contract is a deferred
Annuity contract in which premium payments,
less any partial surrenders, accumulate
until a full surrender is taken or until the
Annuity Commencement Date. Annuity payments
under Your contract will begin as of the
Annuity Commencement Date in accordance with
the payment option elected.
ANNUITY CALCULATION DATE - The date on which
the first annuity payment will be
calculated. It will be no more than five
Valuation Days prior to the Annuity
Commencement Date.
ANNUITY COMMENCEMENT DATE - The date as of
which Annuity payments are to begin as
described under Settlement Provisions in
this contract.
ANNUITY PAYMENT FREQUENCY - The frequency
with which Annuity payments will be made.
The frequencies available are monthly,
quarterly, semi-annual, and annual.
ANNUITY UNIT - An accounting unit of measure
used to calculate the value of annuity
payments under a variable Annuity option.
ANNUITY UNIT FACTOR - A factor that
neutralizes the Assumed Investment Return
("AIR") when determining the Annuity Unit
Value. When the AIR is 3%, the daily factor
is 0.999919. When the AIR is 5%, the daily
factor is 0.999866. And when the AIR is 6%,
the daily factor is 0.999840.
AML-VA2002 4 PRINTED IN U.S.A.
DEFINITION OF ASSUMED INVESTMENT RETURN ("AIR") - The
CERTAIN TERMS investment return upon which the variable
(CONTINUED) Annuity payments in this contract will be
based. The annual rates available are 3%,
5%, and 6%. You may select one of these
rates prior to the Annuity Commencement
Date.
BENEFICIARY - The person(s) entitled to
receive benefits as per the terms of the
contract in the event of the death of the
Contract Owner or Annuitant, as applicable.
COMMUTED VALUE - The present value of the
remaining guaranteed Annuity Payments, under
Option Six (Payment for a Period Certain).
The present value is computed using the AIR
for the Contract and the Annuity Unit
value(s) calculated as of the date that We
receive a fully completed request for
surrender and, in the event of the
Annuitant's death, Due Proof of Death of the
Annuitant.
CONTINGENT ANNUITANT - The person You
designate who, upon the Annuitant's death,
prior to the Annuity Commencement Date,
becomes the Annuitant.
CONTRACT ANNIVERSARY - An anniversary of the
Contract Issue Date.
CONTRACT ISSUE DATE - The date as of which
an Account is established for You by Us. The
Contract Issue Date is shown on Page 3.
CONTRACT OWNER(S) - The owner(s) or holder
of the contract.
CONTRACT VALUE - The aggregate value of the
Sub-Accounts and the Fixed Account(s) on any
Valuation Day.
CONTRACT YEAR - A period of 12 months
commencing with the Contract Issue Date or
any other anniversary thereafter.
DEATH BENEFIT - The amount that We will pay
upon the death of the Contract Owner or the
Annuitant, as applicable.
DCA PROGRAM FIXED ACCOUNT(S) - Account(s)
established to be used for the Dollar Cost
Averaging program(s). It is part of the Our
General Account.
DOLLAR COST AVERAGING ("DCA") - Systematic
transfers from one Account to any other
available Accounts.
DUE PROOF OF DEATH - A certified death
certificate, an order of a court of
competent jurisdiction, or any other proof
acceptable to Us.
FIXED ACCOUNT - Part of Our General Account
to which all or a part of the Contract Value
may be allocated. Any transfers, deductions
or surrenders from the Fixed Account will be
accounted for on a first in, first out
basis.
FUNDS - The securities which underlie Your
Sub-Accounts.
AML-VA2002 5 PRINTED IN U.S.A.
DEFINITION OF GENERAL ACCOUNT - All of Our assets other
CERTAIN TERMS than those allocated to the Separate
(CONTINUED) Account.
JOINT ANNUITANT - Upon annuitization, a
person other than the Annuitant on whose
continuation of life Annuity payments may be
made. The contract will have a Joint
Annuitant only if the Annuity settlement
option selected provides for a survivor. The
Joint Annuitant may not be changed.
MAXIMUM ANNIVERSARY VALUE - The highest
attained Anniversary Value prior to the
earlier of the date of death or the
decedent's 81st birthday.
NET ASSET VALUE PER SHARE - The value per
share of any Fund on any Valuation Day. This
amount will never be less than that required
by the Securities and Exchange Commission.
PAYEE - The person, designated by You, to
whom Xxxxxxx payments will be made.
PREMIUM TAX - The amount of tax, if any,
charged by a federal, state, or other
governmental entity on premium payments or
Contract Values. On any contract subject to
a Premium Tax, We may deduct the tax at the
time We pay the tax to the applicable taxing
authorities, at the time the contract is
surrendered or on the Annuity Commencement
Date. If We deduct the tax after Your
premium payments have been applied to the
Accounts, the tax will be deducted from the
Accounts on a pro-rata basis.
SEPARATE ACCOUNT - An Account that We
established to separate the assets funding
the variable benefits for this type of
contract from Our other assets. The assets
in the Separate Account are not chargeable
with liabilities arising out of any other
business We may conduct. The name of the
Separate Account is shown on Page 3.
SUB-ACCOUNT - The subdivisions of the
Separate Account which are used to allocate
Your Contract Value among the corresponding
Funds.
SURRENDER VALUE - The Contract Value prior
to the Annuity Commencement Date, less any
applicable contingent deferred sales
charges, Premium Taxes, and/or Annual
Maintenance Fee.
VALUATION DAY - Every day the New York Stock
Exchange is open for trading. The value of
the Separate Account is determined at the
close of the New York Stock Exchange
(generally 4:00 p.m. Eastern Time) on such
days.
VALUATION PERIOD - The period of time
between the close of business on successive
Valuation Days.
WE, US, OUR - The company referred to on the
first page of this contract.
YOU, YOUR - The Contract Owner(s).
AML-VA2002 6 PRINTED IN U.S.A.
PREMIUM PREMIUM PAYMENTS
PAYMENT Premium payments are payable at the
PROVISIONS Administrative Office of the Company.
Payments may be made by check or by any
other method that We deem acceptable.
The initial premium payment is shown on Page
3. This is a flexible premium annuity. We
may accept additional payments. The
additional payments must be at least equal
to the minimum subsequent premium payment
shown on Page 3.
If You are exchanging from one of Our
existing contracts, You may be eligible for
certain credits applied to the amount
exchanged. Eligibility for such credits will
be extended to all members of any class of
business We designate.
ALLOCATION OF PREMIUM PAYMENTS
Premium payments, minus any applicable
Premium Tax We may deduct, will be allocated
to each Account according to Your
instructions subject to Our minimum
amount(s) then in effect. Any subsequent
premium payments will be allocated to
Accounts in accordance with the most recent
premium allocation instructions that We
received.
TRANSFERS BETWEEN TRANSFERS BETWEEN SUB-ACCOUNTS
ACCOUNTS You may transfer Contract Values held in
PROVISIONS the Sub-Accounts into other Sub-Accounts.
We reserve the right to limit the number of
transfers to no more than 12 per Contract
Year with no two transfers being made on
consecutive Valuation Days.
The right to make transfers between
Sub-Accounts is subject to modification if
We determine, in Our opinion, that
exercising that right by one or more
Contract Owners is, or would be, to the
disadvantage of other Contract Owners. Any
modification could be applied to transfers
to or from some or all of the Sub-Accounts
and could include, but not be limited to:
a) the requirement of a minimum time period
between each transfer;
b) not accepting transfer requests of an
agent acting under a power of attorney
or on behalf of more than one Contract
Owner, or
c) limiting the dollar amount that may be
transferred between the Sub-Accounts by
a Contract Owner at any one time.
Such restrictions may be applied in any
manner reasonably designed to prevent any
use of the transfer right which is
considered by Us to be to the disadvantage
of other Contract Owners.
AML-VA2002 7 PRINTED IN U.S.A.
TRANSFERS BETWEEN TRANSFERS BETWEEN THE FIXED ACCOUNT AND
ACCOUNTS THE SUB-ACCOUNT(S)
PROVISIONS The maximum amount transferable from the
(CONTINUED) Fixed Account during any Contract Year is
the greater of:
a) 30% of the Fixed Account value as of
the last Contract Anniversary, or
b) the greatest dollar value of any prior
transfer from the Fixed Account. This
limitation does not apply to Dollar Cost
Averaging.
However, if any interest rate is renewed at
a rate at least one percentage point below
the previous rate, You may transfer a dollar
amount up to 100% of the Fixed Account
dollar value receiving that reduced rate
within 60 days of notification of the
interest rate decrease. We reserve the right
to defer transfers from the Fixed Account
for up to six months from the date of
request.
Transfers may not be made from the
Sub-Accounts into the Fixed Account for the
six month period following any transfer from
the Fixed Account into the other
Sub-Accounts. Additionally transfers may not
be made into the DCA Program Fixed
Account(s) from either the Sub-Accounts or
the Fixed Account(s).
DOLLAR COST DOLLAR COST AVERAGING
AVERAGING From time to time, We may offer and You
PROVISIONS may enroll in a Dollar Cost Averaging
Program (the "Program"). Prior to
enrollment, You may obtain the available
account(s), duration(s), or credited rates.
You may terminate participation in the
Program at any time by calling or writing
Us. In such event, the remaining balance in
the DCA Program Fixed Account will be
transferred to the Account(s) designated by
You.
CONTRACT ANNUITANT, CONTINGENT ANNUITANT,
CONTROL CONTRACT OWNER
PROVISIONS The Annuitant may not be changed.
The designations of Contract Owner and
Contingent Annuitant will remain in effect
until You change them. The designation of
the Contract Owner may be changed during the
lifetime of the Annuitant by written notice
to Us. The designation of the Contingent
Annuitant may be changed at any time during
the lifetime of the Annuitant and prior to
the Annuity Commencement Date by written
notice to Us. If no Contingent Annuitant has
been named and the Contract
Owner/Xxxxxxxxx's spouse is a Beneficiary,
the Contract Owner/Xxxxxxxxx's spouse will
be presumed to be the Contingent Annuitant.
In any other situation, if no Contingent
Annuitant has been named, the Contract Owner
(or in the case of joint Contract Owners,
the younger Contract Owner) will be presumed
to be the Contingent Annuitant providing
that the Contract Owner is not the
Annuitant. The Contract Owner may waive this
presumption.
OWNERSHIP
You have the sole power to exercise all the
rights, options, and privileges granted by
this contract or permitted by Us and to
agree with Us to any change in or amendment
to the contract. Your rights will be subject
to the rights of any assignee of record with
Us and of any irrevocably designated
Beneficiary. In the case of joint Contract
Owners, each Contract Owner alone may
exercise all rights, options, and
privileges, except with respect to the
surrender, partial surrender, selection of
an Annuity option, and change of ownership.
AML-VA2002 8 PRINTED IN U.S.A.
CONTRACT BENEFICIARY
CONTROLS The designated Beneficiary will remain in
PROVISIONS effect until You change it. The designated
(CONTINUED) Beneficiary may be changed during the
lifetime of the Annuitant by written notice
to Us at the Administrative Office of the
Company. If the designated Beneficiary has
been designated irrevocably, the designation
cannot be changed or revoked without such
Beneficiary's written consent. Upon receipt
of written notice and consent, if required
by Us, the new designation will take effect
as of the date the notice is signed, whether
or not the Annuitant or Contract Owner is
alive at the time of receipt. Any payments
made or other action taken by Us before the
receipt of the notice will not be subject to
the requested change.
GENERAL THE CONTRACT
PROVISIONS This contract and the endorsements or
riders, if any, constitute the entire
contract.
CONTRACT MODIFICATION
No modification of this contract will be
made without the signature of Our President,
a Senior Vice President, Executive Vice
President, Vice President or Assistant Vice
President. No modification will affect the
amount or term of any Annuity begun prior to
the modification unless it is required to
conform the contract to any federal or state
statute. No modification will affect the
method by which the Contract Value will be
determined.
FUND MODIFICATION
We reserve the right, subject to any
applicable law, to make certain changes,
including the right to add, eliminate or
substitute any investment options offered
under the Contract.
MINIMUM VALUE STATEMENT
Any Surrender Values, death benefits, or
settlement provisions available under this
contract equal or exceed those required by
the state in which the contract is
delivered.
NON-PARTICIPATION
This contract does not share in Our surplus
earnings. That portion of the Separate
Account assets equal to the reserves and
other contract liabilities will not be
chargeable with liabilities arising out of
any other business We may conduct.
MISSTATEMENT OF AGE AND SEX
If the age or sex of the Annuitant has been
misstated, the amount of the Annuity payable
by Us will be adjusted based on the correct
information without changing the date of the
first payment. Any underpayments by Us will
be made up immediately and any overpayments
will be charged against future amounts
becoming payable.
If the age of the Annuitant or Contract
Owner has been misstated, the amount of any
death benefit payable will be determined
based upon the correct age of the Annuitant
or Contract Owner.
INCONTESTABILITY We cannot contest this
Contract.
AML-VA2002 9 PRINTED IN U.S.A.
GENERAL REPORTS TO THE CONTRACT OWNER
PROVISIONS You will be sent copies of any shareholder
(CONTINUED) reports of the Funds and of any other
notices, reports or documents required by
law to be delivered to You. At least
annually, a statement of the Contract Value
will be sent to You.
VOTING RIGHTS
We will notify You of any Fund shareholder's
meetings at which the shares held for Your
account may be voted. We will send proxy
materials and instructions for You to vote
the shares held for Your account. We will
arrange for the handling and tallying of
proxies received from Contract Owners. We
will vote the Fund shares held by Us in
accordance with the instructions received
from Contract Owners. You may attend any
meeting, where shares held for Your benefit,
will be voted.
In the event that You give no instructions
or leave the manner of voting discretionary,
We will vote such shares of the appropriate
Fund in the same proportion as shares of
that Fund for which instructions have been
received. Also, We will vote the Fund shares
in this proportionate manner which are held
by Us for Our own account. After Annuity
payments begin, the number of votes will
decrease.
CHANGE IN THE OPERATION OF THE SEPARATE
ACCOUNT
At Our election and subject to any necessary
vote by persons having the right to give
instructions on the voting of the Fund
shares held by the Sub-Accounts, the
Separate Account may be operated as a
management company under the Investment
Company Act of 1940 or any other form
permitted by law, may be deregistered under
the Investment Company Act of 1940 in the
event registration is no longer required, or
may be combined with one or more Separate
Accounts.
PROOF OF SURVIVAL
The payment of any Annuity benefit will be
subject to evidence that the Annuitant is
alive on the date such payment is otherwise
due.
TAX QUALIFICATION
This Contract is intended to qualify as an
Annuity contract for federal income tax
purposes. To that end, the provisions of
this contract are to be interpreted to
ensure and maintain such tax qualification,
notwithstanding any other provisions to the
contrary. We reserve the right to amend this
Contract to conform to any changes in the
tax qualification requirements under the
applicable provisions of the Internal
Revenue Code.
AML-VA2002 10 PRINTED IN U.S.A.
VALUATION NET PREMIUM PAYMENTS
PROVISIONS The net premium payment is equal to the
premium payment minus any applicable Premium
Taxes We may deduct. The net premium payment
is applied to purchase Fixed Account values
or Sub-Account Accumulation Units with
respect to the Sub-Account(s) that You have
selected.
The number of Accumulation Units credited to
each Sub-Account is determined by dividing
the Net Premium payment allocated to a
Sub-Account by the dollar value of one
Accumulation Unit for such Sub-Account. This
is computed in compliance with Securities
and Exchange Commission regulations. The
number of Accumulation Units will not be
affected by any subsequent change in the
value of such Accumulation Units. The
Accumulation Unit value in any Sub-Account
may increase or decrease from day to day as
described below.
We will determine the value of the Fixed
Account(s) by crediting interest to amounts
allocated to the Fixed Account(s). The
Minimum Fixed Account Interest Rate is the
rate shown on Page 3, compounded annually.
At Our discretion, We may credit interest
rates greater than the Minimum Fixed Account
Interest Rate. We may change the rate or
rates credited in accordance with applicable
law.
NET INVESTMENT FACTOR
The net investment factor for each of the
Sub-Accounts is equal to:
a) the Net Asset Value Per Share of
the corresponding Fund at the end of the
Valuation Period (plus the per share
amount of any unpaid dividends or
capital gains by that Fund); divided by
b) the Net Asset Value Per Share of
the corresponding Fund at the
beginning of the Valuation Period;
minus
c) the mortality and expense risk
charge and any applicable
administration charge, shown on
Page 3 adjusted for the number of days
in the Valuation Period; minus
d) the Optional Death Benefit Charge,
if applicable, shown on Page 3,
adjusted for the number of days in
the Valuation Period.
The Fixed Account net investment factor is
guaranteed to be at least equal to the
Minimum Fixed Account Interest Rate shown on
Page 3.
ACCUMULATION UNIT VALUE
The value of an Accumulation Unit for each
Sub-Account of the Separate Account will
vary to reflect the investment experience of
the applicable Funds. It will be determined
by multiplying:
a) the value of the Accumulation Unit
for that Sub-Account as of the
preceding Valuation Day by
b) the Net Investment Factor for that
Sub-Account for the Valuation Day
for which the Accumulation Unit
value is being calculated.
The value of the Sub-Account as of each
Valuation Day is then determined by
multiplying:
a) the number of Accumulation Units in
that Sub-Account by
b) the Accumulation Unit value as of
that Valuation Day.
AML-VA2002 11 PRINTED IN U.S.A.
VALUATION ANNUITY UNIT VALUE
PROVISIONS The value of an Annuity Unit for each
(CONTINUED) Sub-Account of the Separate Account will
vary to reflect the investment experience
of the applicable Funds. It will be
determined by multiplying:
a) the value of the Annuity Unit for
that Sub-Account as of the
preceding Valuation Day by;
b) the Net Investment Factor for that
Sub-Account for the Valuation Day
for which the Annuity Unit value is
being calculated; and by
c) the Annuity Unit Factor.
ANNUAL MAINTENANCE FEE
During each year that this contract is in
force prior to the Annuity Commencement
Date, the Annual Maintenance Fee, if
applicable, will be deducted on the Contract
Anniversary. The fee will be charged against
the Contract Value by reducing the Fixed
Account value, and with respect to the
Sub-Accounts, the number of Accumulation
Units held as of that date. The fee will be
charged on a pro-rata basis with respect to
each active Account. The number of
Accumulation Units deducted from each
Sub-Account is determined by dividing the
pro-rata portion of the Annual Maintenance
Fee by the value of an Accumulation Unit for
the applicable Sub-Account.
SURRENDER FULL SURRENDER PRIOR TO THE ANNUITY
PROVISIONS COMMENCEMENT DATE
At any time prior to the Annuity
Commencement Date, You have the right to
terminate the contract by submitting a
written request to Us at the Administrative
Office of the Company. In such event, the
Surrender Value of the contract may be taken
in the form of a cash settlement.
The Surrender Value of the contract is equal
to the Contract Value less:
a) any applicable Premium Taxes not
previously deducted;
b) the Annual Maintenance Fee as
specified on Page 3; and
c) any applicable contingent deferred
sales charge shown on Page 3.
PARTIAL SURRENDERS PRIOR TO THE ANNUITY
COMMENCEMENT DATE
You may request, in writing or other means
acceptable to Us, a partial surrender of
Contract Values at any time prior to the
Annuity Commencement Date provided the
Contract Value remaining after the surrender
is at least equal to Our minimum amount
rules then in effect. If the remaining
Contract Value following such surrender is
less than Our minimum amount rules, We may
terminate the contract and pay the Surrender
Value.
The contingent deferred sales charge will be
assessed against any Contract Values
surrendered as described on Page 3. However,
on a noncumulative basis, You may make
partial surrenders during any Contract Year,
up to the Annual Withdrawal Amount shown on
Page 3 and the contingent deferred sales
charge will not be assessed against such
amounts. Surrender of Contract Values in
excess of the Withdrawal Amount and
additional surrenders made in any Contract
Year will be subject to the contingent
deferred sales charge, as described on Page
3, if applicable.
Generally, for federal tax purposes, any
surrenders will be deemed to be first from
earnings, to the extent that they exist, and
then from the premium payments.
AML-VA2002 12 PRINTED IN U.S.A.
SURRENDER WAIVER OF SURRENDER CHARGE
PROVISIONS We will waive any contingent deferred sales
(CONTINUED) charge applicable to a partial or full
surrender of the Contract Value if the
covered person has met the requirements of
Eligible Confinement as described below. A
covered person is:
a) the current Contract Owner if the
Contract Owner has been Contract
Owner continuously since the date
of issue and if not confined at the
time the contract was purchased;
and
b) the Annuitant, if not confined at
the time the contract was
purchased.
This benefit will be provided if the
Contract Owner provides written proof of
confinement which is satisfactory to Us and
requests the partial surrender or full
surrender of Account Value within 91 days of
the last day of confinement. Confinement
must be at the recommendation of a physician
for medically necessary reasons, for at
least 180 consecutive calendar days, to:
a) hospital recognized as a general
hospital by the proper authority of
the state in which it is located;
or
b) a hospital recognized as a general
hospital by the Joint Commission on
the Accreditation of Hospitals; or
c) a facility certified as a hospital
by Medicare; or
d) a nursing home licensed by the
state in which it is located and
which has a registered nurse on
duty 24 hours a day; or
e) a facility certified by Medicare as
a long term care facility.
SURRENDER AFTER THE ANNUITY COMMENCEMENT
DATE
This contract may only be surrendered for
its Commuted Value, less any applicable
contingent deferred sales charge, after the
commencement of variable Annuity payments
under option Six (Payment for a Period
Certain) which is described in the
Settlement Provisions.
PAYMENT ON SURRENDER - DEFERRAL OF PAYMENT
Payment on any request for surrender will be
made as soon as possible and with respect to
Contract Values in the Sub-Accounts, within
seven days after the written request is
received by Us in good order. However, such
payment may be subject to postponement:
a) for any period during which the New
York Stock Exchange is closed or
during which trading on the New
York Stock Exchange is restricted;
b) for any period during which an
emergency exists as a result of
which (i) disposal of the
securities held in the Sub-Accounts
is not reasonably practicable, or
(ii) it is not reasonably
practicable for the value of the
net assets of the Separate Account
to be fairly determined; and
c) for such other periods as the
Securities and Exchange Commission
may, by order, permit for the
protection of the Contract Owners.
The conditions under which trading
will be deemed to be restricted or
any emergency will be deemed to
exist will be determined by rules
and regulations of the Securities
and Exchange Commission.
We may defer payment of any amounts from the
Fixed Account for up to six months from the
date of the request to surrender. If We
defer payment for more than 30 days, We will
pay interest of at least 3% per annum on the
amount deferred.
AML-VA2002 13 PRINTED IN U.S.A.
DISTRIBUTION AT DEATH BEFORE THE ANNUITY COMMENCEMENT DATE
TIME OF DEATH If the Contract Owner dies, and:
PROVISIONS a) the joint Contract Owner is living,
the joint Contract Owner will
become the Beneficiary. In this
case, the rights of the designated
Beneficiary are voided.
b) there is no surviving joint
Contract Owner, the designated
Beneficiary will be the
Beneficiary.
c) no Beneficiary designation is in
effect or the designated
Beneficiary has predeceased the
Contract Owner, the Contract
Owner's Estate shall be the
Beneficiary.
If the Annuitant dies, and:
a) is also the sole Contract Owner,
the designated Beneficiary will be
the Beneficiary.
b) both the Contract Owner and the
Contingent Annuitant are living,
the Contingent Annuitant will
become the Annuitant. The Contract
will continue.
c) the Contract Owner is living, and
there is no Contingent Annuitant or
the Contingent Annuitant is not
living, the Contract Owner will be
the Beneficiary. In this case, the
rights of the designated
Beneficiary are voided.
d) the Contract is owned by a
corporation or other entity, the
Contract Owner will be the
Beneficiary. In this case, the
rights of the designated
Beneficiary are voided.
DEATH ON OR AFTER THE ANNUITY
COMMENCEMENT DATE
If the Contract Owner dies, and the
Annuitant is living, the designated
Beneficiary will become the Contract Owner.
If the Annuitant dies, the Contract Owner
will be the Beneficiary. If a Death Benefit
is triggered, the rights of the designated
Beneficiary are voided. If the Annuitant who
is also the Contract Owner dies, the
designated Beneficiary will be the
Beneficiary.
The Death Benefit will be calculated as of
the date We receive written notification of
Due Proof of Death as in the manner
described in the settlement option then in
effect.
CALCULATION CALCULATION OF THE DEATH BENEFIT
OF THE DEATH If a Death Benefit is triggered before the
BENEFIT Annuity Commencement Date, any Death
PROVISIONS Benefit payable will be calculated as of the
date We receive written notification of
Due Proof of Death.
If the calculated Death Benefit exceeds the
Contract Value, the difference will be
allocated to the Sub-Account(s) in
accordance with the last Sub-Account
allocation instructions received from the
Contract Owner.
During the time period between Our receipt
of written notification of Due Proof of
Death and Our receipt of complete settlement
instructions from each Beneficiary, the
calculated Death Benefit amount will be
subject to market fluctuations.
AML-VA2002 14 PRINTED IN U.S.A.
CALCULATION DEATH BENEFIT
OF THE DEATH The Death Benefit is the greatest of:
BENEFIT a) the Contract Value; or
PROVISIONS b) 100% of all premium payments made
(CONTINUED) under the Contract, reduced by the
gross amount of any partial surrenders
since the Contract Issue Date; or
c) the Maximum Anniversary Value, as
described below.
MAXIMUM ANNIVERSARY VALUE
The Maximum Anniversary Value is based on a
series of calculations on Contract
Anniversaries, of Contract Values, premium
payments and partial surrenders.
As of the date We receive notification of
Due Proof of Death, We will calculate an
Anniversary Value for each Contract
Anniversary prior to the decedent's death
and 81st birthday. The Anniversary Value is
equal to the Contract Value as of a Contract
Anniversary, increased by the dollar amount
of any premium payments made since that
anniversary and reduced by the dollar amount
of any partial surrenders since that
anniversary. The Maximum Anniversary Value
is equal to the greatest Anniversary Value
attained from this series of calculations.
OPTIONAL DEATH BENEFIT
If this contract has an Optional Death
Benefit, a charge for the benefit will
appear on page 3. The benefit must be
applied for at the time of applying for the
contract and cannot be discontinued once the
contract has been issued.
The Optional Death Benefit is the greatest
of:
a) the Contract Value; or
b) 100% of all premium payments made
under the Contract, reduced by the
dollar amount of any partial
surrenders since the Contract Issue
Date; or
c) the Maximum Anniversary Value, as
described above, or
d) the Interest accumulation value, as
described below.
INTEREST ACCUMULATION VALUE
Prior to the decedent's death or 81st
birthday, the interest accumulation value is
equal to total premium payments, less
proportional adjustments for partial
surrenders, compounded daily at an annual
interest rate of 5.0%. The proportional
adjustment for partial surrenders is
calculated by:
a) dividing the gross amount of the
partial surrender by the prior
day's Contract Value, and
b) multiplying the result of (a) by
the prior Valuation Day's interest
accumulation value.
On or after the decedent's date of death or
81st birthday, the interest accumulation
value will no longer compound. After that
date, the interest accumulation value will
be adjusted by adding any subsequent
payments and subtracting proportional
adjustments, as described above, for partial
surrenders.
The interest accumulation value will be
limited to 200% of all premium payments
minus proportional adjustments for partial
surrenders.
AML-VA2002 15 PRINTED IN U.S.A.
CALCULATION SETTLEMENT OF THE DEATH BENEFIT
OF THE DEATH The Death Benefit may be taken in one sum
BENEFIT or under any of the settlement options
PROVISIONS then being offered by Us subject, however,
(CONTINUED) to the Distribution Requirements below.
As of the date of receipt of complete
disbursement instructions from the
Beneficiary, the amount to be paid or
applied to a selected settlement option will
be computed. When there is more than one
Beneficiary, the amount will be calculated
for each Beneficiary's share of the proceeds
and paid or applied to a selected settlement
option according to and upon each
Beneficiary's instructions. If the date of
receipt of complete instructions falls on a
non-Valuation Day, the amount will be
computed on the next Valuation Day.
When payment is taken in one sum, payment
will be mailed within 7 days of Our receipt
of complete instructions, except when We are
permitted to defer such payment under the
Investment Company Act of 1940.
DISTRIBUTION REQUIREMENTS
Subject to the Alternative Election or
Spouse Beneficiary provisions below,
a) If any Contract Owner dies before the
Annuity Commencement Date, the entire
interest in the Contract will be
distributed within five years after such
death; and
b) If any Contract Owner dies on or after
the Annuity Commencement Date and before
the entire interest in the Contract has
been distributed, the remaining portion
of such interest will be distributed at
least as rapidly as under the method of
distribution being used as of the date
of such death.
If the Contract Owner is not an individual,
then for purposes of the preceding paragraph
a or b, the primary Annuitant will be
treated as the Contract Owner.
ALTERNATIVE ELECTION TO SATISFY DISTRIBUTION
REQUIREMENTS
If any portion of the interest of a Contract
Owner described above is payable to or for
the benefit of a designated Beneficiary, and
the Beneficiary elects after the Contract
Owner's death to have the benefit
distributed over a period that:
a) does not extend beyond such
Beneficiary's life (or life
expectancy); and
b) does commence within one year of
the date of death, then for
purposes of satisfying the
Distribution Requirements above,
the benefit will be treated as
distributed entirely on the date
such periodic distributions begin.
SPOUSE BENEFICIARY
In the event of the death of a Contract
Owner and there is no joint Contract Owner,
and a Beneficiary is the Contract Owner's
spouse and the Annuitant (or Contingent
Annuitant, if applicable) is alive, the
contract will continue with the spouse as
the Contract Owner, unless the spouse elects
to be paid a Death Benefit option. This
provision will apply only once with respect
to this contract.
If the contract continues with the spouse as
the Contract Owner, the death benefit will
be calculated on receipt of due proof of
death. If the Contract Value is less than
the calculated death benefit amount, the
Contract Value will be increased
appropriately.
AML-VA2002 16 PRINTED IN U.S.A.
SETTLEMENT ANNUITY COMMENCEMENT DATE
PROVISIONS The Annuity Commencement Date is shown on
Page 3. You may change the date by notifying
Us within 30 days prior to the Annuity
Commencement Date. This date will not be
deferred beyond the Valuation Day
immediately following the later of:
a) the Annuitant's 90th birthday; or
b) the end of the tenth Contract Year
unless the Contract Owner elects a later
Annuity Commencement Date subject to
laws and regulations then in effect and
Our approval.
If this contract is issued to the trustee of
a charitable remainder trust, the Annuity
Commencement Date may be deferred to the
Annuitant's 100 birthday.
ELECTION OF ANNUITY OPTION
You may elect, in writing, without deduction
of any contingent deferred sales charge, any
one of the Annuity options described below
(except the seventh option - Annuity
Proceeds Settlement Option) or any Annuity
option then being offered by Us. The Annuity
option may not be changed on or after the
Annuity Commencement Date.
In the absence of an election by You, the
Contract Value will be used to calculate an
Annuity under the Third Option (Life Annuity
with 10 Years Period Certain).
Some of the options may not be available if
this contract is issued to qualify under
Section 401, 403, or 408 of the Internal
Revenue Code of 1986 as amended. The third,
fifth and sixth options (Life Annuity with
Payments for a Period Certain, Joint and
Last Survivor Life Annuity with Payments for
a Period Certain, and Payment for a Period
Certain) will be available only if the
guaranteed payment period is less than the
life expectancy of the Annuitant at the time
the option becomes effective. Such life
expectancy will be computed under the
mortality table then in use by Us.
ELECTION OF ANNUITY PAYMENT FREQUENCY
You may elect the Annuity Payment Frequency.
Available Annuity Payment Frequencies
include: monthly, quarterly, semi-annual,
and annual. In the event that You do not
elect a payment frequency, Annuity payments
will be made monthly. Annuity payments will
be made according to the Annuity Payment
Frequency selected. You may elect to change
the Annuity Payment Frequency of Your
payments within 30 days prior to the
anniversary of any Annuity Commencement
Date.
ANNUITY CALCULATION AND PAYMENT DATES
The Annuity Calculation Date will be no more
than five Valuation Days prior to the
Annuity Commencement Date. You may elect a
variable Annuity, a fixed dollar Annuity or
a combination fixed and variable Annuity.
The election may not change on or after the
Annuity Commencement Date.
If You elect a variable Annuity, the
Contract Value (less applicable Premium
Taxes) is applied pro-rata to Your selected
Sub-Account(s). If You elect a Fixed Dollar
Annuity, Contract Values will be applied to
the General Account. The Contract Value is
determined on the basis of the Accumulation
Unit Value of each Sub-Account and the value
of the Fixed Account.
AML-VA2002 17 PRINTED IN U.S.A.
SETTLEMENT If You elect variable Annuity payments, Your
PROVISIONS election must specify the Assumed
(CONTINUED) Investment Return upon which Your payments
are to be based. The available
rates are 3%, 5%, and 6%.
If You elect a fixed Annuity payment, the
payment will be the guaranteed rates, based
on 2.5% or the current rates, if higher.
VARIABLE ANNUITY PAYMENTS - The contract
contains tables indicating the minimum
dollar amount of the first monthly payment
under the optional forms of Annuity for each
$1,000 of value of a Sub-Account under the
contract. The first monthly payment varies
according to the variable Annuity payment
option selected.
The first Annuity payment is payable on the
Annuity Commencement Date. The remaining
Annuity payments are computed and payable as
of the same day of the month as the Annuity
Commencement Date based on the elected
Annuity Payment Frequency.
The amount of the first variable Annuity
payment is divided by the Annuity Unit value
for Your selected Sub-Account(s) as of the
Annuity Commencement Date. This number of
Annuity Units remains fixed for the selected
Sub-Account during the Annuity payment
period. For each subsequent payment the
dollar amount of the Variable Annuity
payment is determined by multiplying the
fixed number of Annuity Units by the Annuity
Unit value.
If subsequent payment dates fall on a
non-Valuation Day (weekend or holiday), the
payment will be computed and payable as of
the prior Valuation Day. If the day of the
month elected does not occur in a given
month (29th, 30th, or 31st), the payments
will be computed and payable as of the last
Valuation Day of the month.
FIXED ANNUITY PAYMENTS - Fixed Annuity
payments are determined at annuitization by
multiplying the value of the Fixed Account
(less applicable Premium Taxes) by a rate to
be determined by Us, which is no less than
the rate specified in the fixed Annuity
payment tables in the contract. The fixed
Annuity payment will remain level for the
duration of the Annuity.
EXCHANGE "TRANSFER" OF ANNUITY UNITS
After the Annuity Commencement Date, You may
exchange "Transfer" the value of the Annuity
Unit for a specified Sub-Account for the
dollar value of Annuity Units in another
Sub-Account. Transfers may be made between
the Sub-Accounts and from the Sub-Account(s)
to the Fixed Account. No transfers of Fixed
Account Annuity dollars into a Sub-Account
are allowed. For limitation and modification
guidelines see "Transfers Between
Sub-Accounts."
MINIMUM PAYMENT
The first payment must be at least equal to
the minimum payment amount according to Our
rules then in effect. If at any time,
payments become less than the minimum
payment amount, We have the right to change
the payment frequency to meet the minimum
payment requirements. If any payment amount
is less than the minimum annual payment
amount, We may make an alternative
arrangement with You.
AML-VA2002 18 PRINTED IN U.S.A.
SETTLEMENT ANNUITY OPTIONS
PROVISIONS FIRST OPTION - Life Annuity - An Annuity
(CONTINUED) payable during the lifetime of the
Annuitant, ceasing with the last
payment due prior to the death of the
Annuitant.
SECOND OPTION - Life Annuity With a Cash
Refund - An Annuity payable during the
lifetime of the Annuitant. At the death of
the Annuitant, any remaining value will be
paid to the Beneficiary. The remaining value
equals the Contract Value, less Premium Tax
used to purchase Annuity units, minus the
sum of all Annuity payments made. This
option is only available for variable
Annuity payments using the 5% Assumed
Investment Return and for fixed Annuity
payments.
THIRD OPTION - Life Annuity with Payments
for a Period Certain - An Annuity payable
for a fixed number of years and for as long
as the Annuitant is living. If at the death
of the Annuitant, payments have been made
for less than the period selected, the
remaining payments will be made to the
Beneficiary. The Beneficiary may elect to
receive the present value of the remaining
payments in one sum. To calculate the
present value for fixed Annuity payments, We
will use the same interest rate that was
used to determine the amount of the Annuity
payments. To calculate the present value of
variable Annuity payments, We will use the
AIR elected by the Contract Owner when this
Annuity option was selected and the Annuity
Unit value on the date of receipt of Due
Proof of Death.
FOURTH OPTION - Joint and Last Survivor Life
Annuity - An Annuity payable during the
lifetimes of the Annuitant and the Joint
Annuitant and thereafter during the
remaining lifetime of the survivor. At the
time of electing this Annuity option, the
Contract Owner may elect reduced payments
over the remaining lifetime of the survivor.
Payments will cease with the last payment
prior to the death of the survivor.
FIFTH OPTION - Joint and Last Survivor Life
Annuity with Payments for a Period Certain -
An Annuity payable for a fixed number of
years and during the lifetimes of the
Annuitant and the Joint Annuitant and
thereafter during the remaining lifetime of
the survivor. At the time of electing this
Annuity option, the Contract Owner may elect
reduced payments over the remaining lifetime
of the survivor. If at the death of the
survivor, payments have been made for less
than the period selected, the remaining
payments will be made to the Beneficiary.
The Beneficiary may elect to receive the
present value of the remaining payments in
one sum. To calculate the present value for
fixed Annuity payments, We will use the same
interest rate that was used to determine the
amount of the Annuity payments. To calculate
the present value of variable Annuity
payments, We will use the AIR elected by the
Contract Owner when this Annuity option was
selected and the Annuity Unit value on the
date of receipt of Due Proof of Death.
AML-VA2002 19 PRINTED IN U.S.A.
SETTLEMENT SIXTH OPTION - Payment for a Period
PROVISIONS Certain - An Annuity payable for a fixed
(CONTINUED) number of years with periods of 10 years or
greater available at any time and
periods of 5 to 10 years available on
or after the second Contract
Anniversary. Payments will be made for the
period and frequency selected unless You
surrender this contract after payments have
commenced by submitting a written request to
Us (only available with variable Annuity
payments). The amount available to You is
the Commuted Value, less any applicable
contingent deferred sales charge.
If at the death of the Annuitant, payments
have been made for less than the period
selected, the remaining payments will be
made to the Beneficiary. The Beneficiary may
elect to receive the present value of the
remaining payments in one sum. To calculate
the present value for fixed Annuity
payments, We will use the same interest rate
that was used to determine the amount of the
Annuity payments. To calculate the present
value of variable Annuity payments, We will
use the AIR elected by the Contract Owner
when this Annuity option was selected and
the Annuity Unit value on the date of
receipt of Due Proof of Death.
SEVENTH OPTION - Annuity Proceeds Settlement
Option - Proceeds from the Death Benefit can
be left with Us for a period not to exceed
five years from the date of the Contract
Owner's or the Annuitant's death prior to
the Annuity Commencement Date. The proceeds
will remain in the Sub-Account(s) to which
they were allocated at the time of death
unless the Beneficiary elects to reallocate
them. Full or partial withdrawals may be
made at any time. In the event of
withdrawals, the remaining value will equal
the Contract Value of the proceeds left with
Us, minus any withdrawals.
ANNUITY TABLES DESCRIPTION OF TABLES
The attached tables show the minimum dollar
amount of the first monthly payment for each
$1,000 applied to fixed dollar Annuity
payments, and the actual first monthly
payment for each $1,000 applied to variable
Annuity payments. Under the First, Second
and Third Options, the amount of each
payment will depend upon the age and sex of
the Annuitant at the time the first payment
is due. Under the Fourth and Fifth Options,
the amount of the first payment will depend
upon the sex of both Annuitants and their
ages at the time the first payment is due.
Sex will not be used to determine the amount
of the Annuity payable if this contract is
issued to qualify under certain sections of
the Internal Revenue Code. If sex is used to
determine the amount of Annuity payable, the
Annuity tables at the end of this contract
will provide rates of payment for male
Annuitants and female Annuitants.
The variable payment Annuity tables for the
First through Fifth Options are based on the
1983a Individual Annuity Mortality Table
projected to the year 2000 using Projection
Scale G and the Assumed Investment Return.
The table for the Sixth Option is based on
an Assumed Investment Return.
The fixed payment Annuity tables for the
First through Fifth Options are based on the
1983a Individual Annuity Mortality Table
projected to the year 2000 using Projection
Scale G and an interest rate of 2.5%. The
table for the Sixth Option is based on an
interest rate of 2.5%. per annum.
AML-VA2002 20 PRINTED IN U.S.A.
ANNUITY TABLES The Annuity tables for the First through
(CONTINUED) Fifth Options are age dependent. If the
first Annuity payment is made before 2000,
the amount of that payment will be based on
the Annuitant's then-attained age (i.e., age
as of last birthday). For Annuity payments
beginning after 2000, the amount of the
first payment will be based on an age a
specified number of years younger than the
Annuitant's then-attained age. The age
setback is as follows:
DATE OF FIRST PAYMENT AGE SETBACK
Prior to 2005 1 year
2005 - 2014 2 years
2015 - 2019 3 years
2020 - 2029 4 years
2030 - 2039 5 years
2040 or later 6 years
AML-VA2002 21 PRINTED IN U.S.A.
ANNUITY TABLES FOR
FIXED PAYMENTS,
BASED ON A 2 1/2% ASSUMED INVESTMENT RETURN
AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED
Fixed Dollar Annuity payments will not vary and are guaranteed as to fixed
dollar amount. Payments for any available Annuity Payment Frequency, Period
Certain, age, or combination of ages not shown will be quoted upon request. The
Second Option (Life Annuity with a Cash Refund) is not available with the 2 1/2%
Assumed Investment Return.
FIRST AND THIRD OPTIONS - SINGLE LIFE ANNUITIES
MALE ANNUITANT FEMALE ANNUITANT
MONTHLY PAYMENTS GUARANTEED MONTHLY PAYMENTS GUARANTEED
AGE NONE 120 180 240 NONE 120 180 240
----------------------------------------------------------------------------------------------------------------------------------
35 $3.05 $3.05 $3.04 $3.03 $2.88 $2.88 $2.88 $2.87
40 3.25 3.24 3.23 3.21 3.04 3.03 3.03 3.02
45 3.49 3.48 3.45 3.42 3.23 3.22 3.22 3.20
50 3.80 3.77 3.73 3.68 3.47 3.46 3.45 3.42
51 3.87 3.84 3.79 3.73 3.53 3.52 3.50 3.47
52 3.94 3.91 3.86 3.79 3.59 3.57 3.56 3.52
53 4.02 3.98 3.93 3.85 3.65 3.64 3.61 3.58
54 4.10 4.06 4.00 3.91 3.72 3.70 3.67 3.63
55 4.19 4.14 4.07 3.97 3.79 3.77 3.74 3.69
56 4.28 4.22 4.15 4.04 3.86 3.84 3.80 3.75
57 4.37 4.31 4.23 4.10 3.94 3.91 3.87 3.81
58 4.48 4.41 4.31 4.17 4.02 3.99 3.94 3.88
59 4.59 4.51 4.40 4.23 4.10 4.07 4.02 3.94
60 4.70 4.61 4.49 4.30 4.20 4.16 4.10 4.01
61 4.83 4.72 4.58 4.37 4.29 4.25 4.18 4.08
62 4.96 4.84 4.67 4.44 4.40 4.35 4.27 4.15
63 5.10 4.96 4.77 4.50 4.51 4.45 4.36 4.22
64 5.25 5.09 4.87 4.57 4.62 4.56 4.46 4.30
65 5.41 5.23 4.97 4.64 4.75 4.67 4.55 4.37
66 5.59 5.37 5.08 4.70 4.88 4.79 4.66 4.45
67 5.77 5.51 5.18 4.76 5.03 4.92 4.76 4.52
68 5.97 5.66 5.29 4.82 5.18 5.05 4.87 4.59
69 6.18 5.82 5.39 4.87 5.34 5.19 4.98 4.66
70 6.40 5.98 5.49 4.92 5.52 5.34 5.09 4.73
75 7.76 6.85 5.97 5.12 6.64 6.21 5.67 5.02
80 9.67 7.73 6.32 5.23 8.29 7.20 6.15 5.19
FOURTH OPTION - JOINT AND LAST SURVIVOR ANNUITY
AGE AGE OF FEMALE
OF
MALE 35 40 45 50 55 60 65 70 75 80 85 90
-------------------------------------------------------------------------------------------------------------------------
35 $2.74 $2.81 $2.87 $2.92 $2.96 $2.99 $3.01 $3.03 $3.04 $3.04 $3.05 $3.05
40 2.78 2.87 2.95 3.02 3.08 3.13 3.17 3.20 3.22 3.23 3.24 3.24
45 2.81 2.92 3.02 3.12 3.22 3.30 3.36 3.40 3.44 3.46 3.47 3.48
50 2.83 2.95 3.08 3.22 3.35 3.46 3.56 3.64 3.70 3.74 3.76 3.78
55 2.85 2.98 3.13 3.29 3.46 3.63 3.79 3.91 4.01 4.08 4.13 4.15
60 2.86 3.00 3.16 3.35 3.56 3.79 4.01 4.21 4.38 4.51 4.59 4.64
65 2.87 3.01 3.19 3.39 3.64 3.92 4.22 4.52 4.80 5.02 5.18 5.29
70 2.87 3.02 3.20 3.42 3.69 4.02 4.39 4.81 5.23 5.61 5.91 6.12
75 2.88 3.03 3.21 3.44 3.73 4.09 4.52 5.05 5.64 6.23 6.76 7.15
80 2.88 3.03 3.22 3.46 3.75 4.13 4.62 5.23 5.98 6.82 7.66 8.36
85 2.88 3.03 3.22 3.46 3.77 4.16 4.67 5.35 6.24 7.32 8.52 9.66
90 2.88 3.04 3.23 3.47 3.77 4.17 4.71 5.42 6.41 7.69 9.25 10.91
AML-VA2002SXD2.5 22 PRINTED IN U.S.A.
ANNUITY TABLES FOR
FIXED PAYMENTS,
BASED ON A 2 1/2% ASSUMED INVESTMENT RETURN
(CONTINUED)
FIFTH OPTION - JOINT AND LAST SURVIVOR ANNUITY WITH 10 YEAR PERIOD CERTAIN
AGE AGE OF FEMALE
OF
MALE 35 40 45 50 55 60 65 70 75 80 85 90
---------------------------------------------------------------------------------------------------------------------------
35 $2.74 $2.81 $2.87 $2.92 $2.96 $2.99 $3.01 $3.02 $3.04 $3.04 $3.05 $3.05
40 2.78 2.87 2.95 3.02 3.08 3.13 3.17 3.20 3.22 3.23 3.23 3.24
45 2.81 2.92 3.02 3.12 3.22 3.29 3.36 3.40 3.43 3.45 3.47 3.47
50 2.83 2.95 3.08 3.22 3.35 3.46 3.56 3.64 3.70 3.73 3.75 3.76
55 2.85 2.98 3.13 3.29 3.46 3.63 3.78 3.91 4.01 4.07 4.11 4.13
60 2.86 3.00 3.16 3.35 3.56 3.78 4.01 4.21 4.37 4.49 4.56 4.59
65 2.87 3.01 3.19 3.39 3.64 3.91 4.21 4.51 4.78 4.98 5.11 5.18
70 2.87 3.02 3.20 3.42 3.69 4.01 4.38 4.79 5.19 5.53 5.76 5.89
75 2.88 3.03 3.21 3.44 3.72 4.08 4.51 5.01 5.56 6.07 6.46 6.68
80 2.88 3.03 3.22 3.45 3.75 4.12 4.59 5.17 5.85 6.54 7.10 7.46
85 2.88 3.03 3.22 3.46 3.76 4.14 4.63 5.27 6.04 6.88 7.61 8.09
90 2.88 3.03 3.22 3.46 3.76 4.15 4.66 5.32 6.14 7.07 7.92 8.51
SIXTH OPTION - PAYMENTS FOR A PERIOD CERTAIN
AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF
NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY
YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS
---------------------------------------------------------------------------------------------------------------------------------
5 $17.70 10 $9.39 15 $6.64 20 $5.27 25 $4.46 30 $3.93
6 14.93 11 8.64 16 6.30 21 5.08 26 4.34
7 12.95 12 8.02 17 6.00 22 4.90 27 4.22
8 11.47 13 7.49 18 5.73 23 4.74 28 4.12
9 10.32 14 7.03 19 5.49 24 4.60 29 4.02
AML-VA2002SXD2.5 23 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 3% ASSUMED INVESTMENT RETURN
AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED
The second and subsequent annuity payments under a variable annuity are based on
the investment experience of a Separate Account and are not guaranteed as to
fixed dollar amount. Payments for any available Annuity Payment Frequency,
Period Certain, age, or combination of ages not shown will be quoted upon
request. The Second Option (Life Annuity with a Cash Refund) is not available
with the 3% Assumed Investment Return.
FIRST AND THIRD OPTIONS - SINGLE LIFE ANNUITIES
MALE ANNUITANT FEMALE ANNUITANT
MONTHLY PAYMENTS GUARANTEED MONTHLY PAYMENTS GUARANTEED
AGE NONE 120 180 240 NONE 120 180 240
----------------------------------------------------------------------------------------------------------------------------------
35 $3.35 $3.35 $3.34 $3.33 $3.18 $3.18 $3.18 $3.17
40 3.54 3.53 3.52 3.50 3.33 3.33 3.32 3.31
45 3.78 3.76 3.74 3.71 3.52 3.51 3.50 3.49
50 4.08 4.05 4.01 3.95 3.76 3.75 3.73 3.70
51 4.15 4.12 4.07 4.01 3.81 3.80 3.78 3.75
52 4.23 4.19 4.14 4.06 3.87 3.86 3.84 3.80
53 4.30 4.26 4.20 4.12 3.93 3.92 3.89 3.85
54 4.38 4.34 4.27 4.18 4.00 3.98 3.95 3.91
55 4.47 4.42 4.35 4.24 4.07 4.04 4.01 3.96
56 4.56 4.50 4.42 4.30 4.14 4.11 4.08 4.02
57 4.66 4.59 4.50 4.37 4.22 4.19 4.15 4.08
58 4.76 4.68 4.58 4.43 4.30 4.26 4.22 4.15
59 4.87 4.78 4.67 4.50 4.38 4.35 4.29 4.21
60 4.98 4.89 4.76 4.56 4.47 4.43 4.37 4.28
61 5.11 5.00 4.85 4.63 4.57 4.52 4.45 4.35
62 5.24 5.11 4.94 4.69 4.67 4.62 4.54 4.42
63 5.38 5.23 5.04 4.76 4.78 4.72 4.63 4.49
64 5.54 5.36 5.13 4.83 4.90 4.83 4.72 4.56
65 5.70 5.50 5.23 4.89 5.03 4.94 4.82 4.63
66 5.87 5.63 5.34 4.95 5.16 5.06 4.92 4.70
67 6.06 5.78 5.44 5.01 5.30 5.19 5.02 4.78
68 6.25 5.93 5.54 5.07 5.45 5.32 5.13 4.85
69 6.46 6.08 5.64 5.12 5.62 5.46 5.24 4.92
70 6.69 6.24 5.74 5.17 5.80 5.61 5.35 4.98
75 8.05 7.10 6.21 5.36 6.92 6.46 5.91 5.26
80 9.97 7.97 6.56 5.47 8.57 7.45 6.39 5.42
FOURTH OPTION - JOINT AND LAST SURVIVOR ANNUITY
AGE AGE OF FEMALE
OF
MALE 35 40 45 50 55 60 65 70 75 80 85 90
----------------------------------------------------------------------------------------------------------------------
35 $3.04 $3.11 $3.16 $3.21 $3.25 $3.28 $3.30 $3.32 $3.33 $3.34 $3.34 $3.35
40 3.08 3.16 3.24 3.31 3.37 3.42 3.46 3.49 3.51 3.52 3.53 3.53
45 3.11 3.21 3.31 3.41 3.50 3.58 3.64 3.69 3.72 3.74 3.76 3.77
50 3.13 3.25 3.37 3.50 3.62 3.74 3.84 3.92 3.98 4.02 4.05 4.06
55 3.15 3.27 3.41 3.57 3.74 3.90 4.06 4.19 4.29 4.36 4.41 4.43
60 3.16 3.29 3.45 3.63 3.84 4.06 4.28 4.48 4.65 4.78 4.87 4.92
65 3.17 3.31 3.47 3.67 3.91 4.19 4.48 4.78 5.06 5.29 5.46 5.56
70 3.17 3.32 3.49 3.71 3.97 4.29 4.66 5.07 5.49 5.88 6.18 6.39
75 3.18 3.32 3.50 3.73 4.01 4.36 4.79 5.31 5.90 6.49 7.02 7.42
80 3.18 3.33 3.51 3.74 4.03 4.40 4.88 5.49 6.24 7.08 7.92 8.63
85 3.18 3.33 3.51 3.75 4.05 4.43 4.94 5.62 6.50 7.58 8.78 9.92
90 3.18 3.33 3.52 3.75 4.05 4.45 4.98 5.70 6.68 7.96 9.52 11.18
AML-VA2002SXD3 24 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 3% ASSUMED INVESTMENT RETURN
(CONTINUED)
FIFTH OPTION - JOINT AND LAST SURVIVOR ANNUITY WITH 10 YEAR PERIOD CERTAIN
AGE AGE OF FEMALE
OF
MALE 35 40 45 50 55 60 65 70 75 80 85 90
-----------------------------------------------------------------------------------------------------------------------
35 $3.04 $3.11 $3.16 $3.21 $3.25 $3.28 $3.30 $3.32 $3.33 $3.34 $3.34 $3.34
40 3.08 3.16 3.24 3.31 3.37 3.42 3.46 3.49 3.51 3.52 3.53 3.53
45 3.11 3.21 3.31 3.41 3.50 3.58 3.64 3.69 3.72 3.74 3.75 3.76
50 3.13 3.25 3.37 3.50 3.62 3.74 3.84 3.92 3.97 4.01 4.03 4.05
55 3.15 3.27 3.41 3.57 3.74 3.90 4.05 4.18 4.28 4.35 4.39 4.40
60 3.16 3.29 3.45 3.63 3.83 4.05 4.27 4.47 4.64 4.76 4.83 4.86
65 3.17 3.31 3.47 3.67 3.91 4.18 4.48 4.77 5.04 5.24 5.38 5.45
70 3.17 3.31 3.49 3.70 3.97 4.28 4.65 5.05 5.45 5.79 6.02 6.16
75 3.18 3.32 3.50 3.72 4.00 4.35 4.77 5.27 5.82 6.32 6.71 6.94
80 3.18 3.32 3.51 3.73 4.02 4.39 4.86 5.43 6.10 6.79 7.35 7.70
85 3.18 3.33 3.51 3.74 4.04 4.41 4.90 5.53 6.30 7.12 7.85 8.33
90 3.18 3.33 3.51 3.74 4.04 4.42 4.93 5.58 6.40 7.32 8.16 8.74
SIXTH OPTION - PAYMENTS FOR A PERIOD CERTAIN
AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF
NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY
YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS
----------------------------------------------------------------------------------------------------------------------------------
5 $17.91 10 $9.61 15 $6.87 20 $5.51 25 $4.71 30 $4.18
6 15.14 11 8.86 16 6.53 21 5.32 26 4.59
7 13.16 12 8.24 17 6.23 22 5.15 27 4.47
8 11.68 13 7.71 18 5.96 23 4.99 28 4.37
9 10.53 14 7.26 19 5.73 24 4.84 29 4.27
AML-VA2002SXD3 25 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 5% ASSUMED INVESTMENT RETURN
AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED
Second and subsequent Annuity payments under a variable annuity are based on the
investment experience of a Separate Account and are not guaranteed as to fixed
dollar amount. Payments for any available Annuity Payment Frequency, Period
Certain, age, or combination of ages not shown will be quoted upon request.
FIRST, SECOND, AND THIRD OPTIONS - SINGLE LIFE ANNUITIES
MALE ANNUITANT FEMALE ANNUITANT
MONTHLY PAYMENTS GUARANTEED MONTHLY PAYMENTS GUARANTEED
AGE NONE 120 180 240 CASH REFUND NONE 120 180 240 CASH REFUND
-----------------------------------------------------------------------------------------------------------------------------------
35 $4.63 $4.62 $4.61 $4.60 $4.60 $4.48 $4.48 $4.47 $4.47 $4.46
40 4.80 4.78 4.77 4.74 4.74 4.60 4.60 4.59 4.58 4.58
45 5.02 4.99 4.96 4.91 4.92 4.77 4.75 4.74 4.72 4.72
50 5.30 5.25 5.20 5.13 5.16 4.98 4.96 4.94 4.90 4.91
51 5.36 5.31 5.26 5.18 5.21 5.03 5.01 4.98 4.94 4.95
52 5.43 5.38 5.31 5.23 5.27 5.08 5.06 5.03 4.99 5.00
53 5.51 5.45 5.37 5.28 5.33 5.14 5.11 5.08 5.03 5.05
54 5.58 5.52 5.44 5.33 5.39 5.20 5.17 5.13 5.08 5.10
55 5.67 5.59 5.50 5.38 5.46 5.26 5.23 5.19 5.13 5.16
56 5.75 5.67 5.57 5.44 5.53 5.33 5.29 5.25 5.18 5.21
57 5.85 5.75 5.64 5.49 5.60 5.40 5.36 5.31 5.24 5.27
58 5.95 5.84 5.72 5.55 5.68 5.48 5.43 5.37 5.29 5.34
59 6.05 5.94 5.80 5.61 5.76 5.56 5.51 5.44 5.35 5.41
60 6.17 6.04 5.88 5.67 5.85 5.65 5.59 5.51 5.41 5.48
61 6.29 6.14 5.96 5.73 5.94 5.74 5.67 5.59 5.47 5.55
62 6.42 6.25 6.05 5.78 6.04 5.84 5.76 5.67 5.53 5.63
63 6.56 6.37 6.14 5.84 6.14 5.95 5.86 5.75 5.59 5.72
64 6.71 6.49 6.23 5.90 6.24 6.06 5.96 5.84 5.66 5.81
65 6.87 6.62 6.32 5.96 6.36 6.18 6.07 5.93 5.72 5.91
66 7.05 6.75 6.41 6.01 6.47 6.31 6.18 6.02 5.79 6.01
67 7.23 6.89 6.51 6.06 6.60 6.46 6.30 6.11 5.85 6.12
68 7.43 7.03 6.60 6.11 6.73 6.61 6.43 6.21 5.92 6.23
69 7.65 7.18 6.69 6.16 6.87 6.77 6.57 6.31 5.98 6.35
70 7.87 7.33 6.79 6.21 7.01 6.95 6.71 6.42 6.04 6.48
75 9.25 8.14 7.21 6.38 7.85 8.08 7.53 6.94 6.29 7.25
80 11.20 8.97 7.53 6.47 8.92 9.75 8.47 7.37 6.43 8.27
FOURTH OPTION - JOINT AND LAST SURVIVOR ANNUITY
AGE AGE OF FEMALE
OF
MALE 35 40 45 50 55 60 65 70 75 80 85 90
------------------------------------------------------------------------------------------------------------------------
35 $4.35 $4.40 $4.44 $4.48 $4.52 $4.55 $4.57 $4.59 $4.60 $4.61 $4.62 $4.63
40 4.38 4.44 4.50 4.56 4.61 4.66 4.70 4.73 4.75 4.77 4.78 4.79
45 4.41 4.48 4.56 4.64 4.72 4.79 4.85 4.90 4.94 4.97 4.99 5.00
50 4.42 4.51 4.61 4.71 4.82 4.93 5.02 5.10 5.17 5.21 5.25 5.27
55 4.44 4.54 4.65 4.78 4.92 5.07 5.21 5.34 5.45 5.53 5.58 5.62
60 4.45 4.55 4.68 4.83 5.01 5.21 5.41 5.61 5.78 5.92 6.02 6.08
65 4.46 4.57 4.71 4.88 5.09 5.33 5.60 5.89 6.17 6.40 6.58 6.70
70 4.47 4.58 4.73 4.91 5.14 5.43 5.78 6.17 6.58 6.97 7.29 7.52
75 4.47 4.59 4.74 4.94 5.19 5.51 5.91 6.41 6.98 7.57 8.11 8.53
80 4.48 4.59 4.75 4.95 5.21 5.56 6.01 6.60 7.33 8.16 9.00 9.72
85 4.48 4.60 4.76 4.96 5.23 5.60 6.08 6.73 7.60 8.66 9.86 11.01
90 4.48 4.60 4.76 4.97 5.25 5.62 6.12 6.82 7.79 9.05 10.61 12.27
AML-VA2002SXD5 26 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 5% ASSUMED INVESTMENT RETURN
(CONTINUED)
FIFTH OPTION - JOINT AND LAST SURVIVOR ANNUITY WITH 10 YEAR PERIOD CERTAIN
AGE AGE OF FEMALE
OF
MALE 35 40 45 50 55 60 65 70 75 80 85 90
-----------------------------------------------------------------------------------------------------------------------
35 $4.35 $4.40 $4.44 $4.48 $4.52 $4.55 $4.57 $4.59 $4.60 $4.61 $4.62 $4.62
40 4.38 4.44 4.50 4.56 4.61 4.66 4.70 4.73 4.75 4.77 4.78 4.78
45 4.41 4.48 4.56 4.64 4.72 4.79 4.85 4.90 4.93 4.96 4.98 4.99
50 4.42 4.51 4.61 4.71 4.82 4.93 5.02 5.10 5.16 5.20 5.23 5.24
55 4.44 4.53 4.65 4.78 4.92 5.07 5.21 5.33 5.44 5.51 5.55 5.58
60 4.45 4.55 4.68 4.83 5.01 5.20 5.41 5.60 5.76 5.89 5.97 6.01
65 4.46 4.57 4.71 4.88 5.08 5.33 5.60 5.88 6.14 6.35 6.49 6.57
70 4.47 4.58 4.73 4.91 5.14 5.42 5.76 6.14 6.52 6.86 7.10 7.24
75 4.47 4.59 4.74 4.93 5.18 5.49 5.89 6.36 6.88 7.37 7.75 7.98
80 4.47 4.59 4.75 4.95 5.20 5.54 5.97 6.52 7.16 7.82 8.36 8.70
85 4.48 4.60 4.75 4.95 5.22 5.57 6.03 6.62 7.35 8.14 8.83 9.29
90 4.48 4.60 4.75 4.96 5.23 5.58 6.05 6.68 7.46 8.34 9.13 9.68
SIXTH OPTION - PAYMENTS FOR A PERIOD CERTAIN
AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF
NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY
YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS
-------------------------------------------------------------------------------------------------------------------------------
5 $18.74 10 $10.51 15 $7.82 20 $6.51 25 $5.76 30 $5.28
6 15.99 11 9.77 16 7.49 21 6.33 26 5.65
7 14.02 12 9.16 17 7.20 22 6.17 27 5.54
8 12.56 13 8.64 18 6.94 23 6.02 28 5.45
9 11.42 14 8.20 19 6.71 24 5.88 29 5.36
AML-VA2002SXD5 27 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 6% ASSUMED INVESTMENT RETURN
AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED
Second and subsequent Annuity payments under a variable annuity are based on the
investment experience of a Separate Account and are not guaranteed as to fixed
dollar amount. Payments for any available Annuity Payment Frequency, Period
Certain, age, or combination of ages not shown will be quoted upon request. The
Second Option (Life Annuity with a Cash Refund) is not available with the 6%
Assumed Investment Return.
FIRST AND THIRD OPTIONS - SINGLE LIFE ANNUITIES
MALE ANNUITANT FEMALE ANNUITANT
MONTHLY PAYMENTS GUARANTEED MONTHLY PAYMENTS GUARANTEED
AGE NONE 120 180 240 NONE 120 180 240
---------------------------------------------------------------------------------------------------------------------------------
35 $5.31 $5.30 $5.29 $5.27 $5.17 $5.17 $5.16 $5.15
40 5.46 5.45 5.43 5.40 5.28 5.27 5.26 5.25
45 5.67 5.64 5.60 5.56 5.43 5.42 5.40 5.38
50 5.94 5.89 5.83 5.75 5.63 5.60 5.58 5.54
51 6.00 5.94 5.88 5.80 5.67 5.65 5.62 5.58
52 6.07 6.00 5.93 5.84 5.72 5.70 5.66 5.62
53 6.14 6.07 5.99 5.89 5.78 5.75 5.71 5.66
54 6.22 6.14 6.05 5.94 5.84 5.80 5.76 5.70
55 6.30 6.21 6.11 5.99 5.90 5.86 5.81 5.75
56 6.38 6.28 6.18 6.04 5.96 5.92 5.87 5.80
57 6.47 6.36 6.24 6.09 6.03 5.98 5.92 5.85
58 6.57 6.45 6.32 6.14 6.10 6.05 5.98 5.90
59 6.67 6.54 6.39 6.19 6.18 6.12 6.05 5.95
60 6.78 6.64 6.47 6.25 6.27 6.20 6.12 6.01
61 6.90 6.74 6.55 6.30 6.36 6.28 6.19 6.06
62 7.03 6.84 6.63 6.36 6.46 6.37 6.26 6.12
63 7.17 6.96 6.71 6.41 6.56 6.46 6.34 6.18
64 7.32 7.07 6.80 6.47 6.67 6.56 6.42 6.24
65 7.48 7.20 6.88 6.52 6.79 6.66 6.51 6.30
66 7.66 7.33 6.97 6.57 6.92 6.77 6.59 6.36
67 7.84 7.46 7.06 6.62 7.06 6.89 6.69 6.42
68 8.04 7.60 7.15 6.67 7.21 7.01 6.78 6.48
69 8.25 7.74 7.24 6.71 7.37 7.14 6.88 6.54
70 8.48 7.89 7.33 6.75 7.54 7.28 6.97 6.59
75 9.86 8.68 7.73 6.91 8.67 8.08 7.47 6.83
80 11.81 9.47 8.04 7.00 10.35 8.99 7.89 6.96
FOURTH OPTION - JOINT AND LAST SURVIVOR ANNUITY
AGE AGE OF FEMALE
OF
MALE 35 40 45 50 55 60 65 70 75 80 85 90
-----------------------------------------------------------------------------------------------------------------------
35 $5.05 $5.09 $5.13 $5.16 $5.19 $5.22 $5.25 $5.27 $5.28 $5.29 $5.30 $5.30
40 5.08 5.13 5.18 5.23 5.28 5.32 5.36 5.39 5.41 5.43 5.45 5.45
45 5.10 5.16 5.23 5.30 5.37 5.43 5.49 5.54 5.58 5.61 5.64 5.65
50 5.11 5.19 5.27 5.36 5.46 5.56 5.65 5.73 5.80 5.85 5.88 5.91
55 5.13 5.21 5.31 5.42 5.55 5.69 5.82 5.95 6.06 6.14 6.20 6.24
60 5.14 5.23 5.34 5.48 5.64 5.82 6.01 6.20 6.37 6.52 6.62 6.69
65 5.15 5.24 5.36 5.52 5.71 5.94 6.20 6.47 6.75 6.99 7.17 7.30
70 5.16 5.26 5.38 5.55 5.77 6.04 6.36 6.74 7.15 7.54 7.86 8.10
75 5.16 5.26 5.40 5.58 5.81 6.11 6.50 6.98 7.54 8.13 8.67 9.10
80 5.17 5.27 5.41 5.60 5.84 6.17 6.60 7.17 7.89 8.71 9.55 10.28
85 5.17 5.27 5.42 5.61 5.86 6.21 6.68 7.31 8.16 9.22 10.41 11.56
90 5.17 5.28 5.42 5.61 5.88 6.23 6.72 7.40 8.36 9.62 11.16 12.81
AML-VA2002SXD6 28 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 6% ASSUMED INVESTMENT RETURN
(CONTINUED)
FIFTH OPTION - JOINT AND LAST SURVIVOR ANNUITY WITH 10 YEAR PERIOD CERTAIN
AGE AGE OF FEMALE
OF
MALE 35 40 45 50 55 60 65 70 75 80 85 90
--------------------------------------------------------------------------------------------------------------------
35 $5.05 $5.09 $5.13 $5.16 $5.19 $5.22 $5.25 $5.26 $5.28 $5.29 $5.30 $5.30
40 5.08 5.13 5.18 5.23 5.28 5.32 5.36 5.39 5.41 5.43 5.44 5.44
45 5.10 5.16 5.23 5.30 5.37 5.43 5.49 5.54 5.58 5.61 5.62 5.63
50 5.11 5.19 5.27 5.36 5.46 5.56 5.65 5.72 5.79 5.83 5.86 5.88
55 5.13 5.21 5.31 5.42 5.55 5.69 5.82 5.94 6.04 6.12 6.17 6.19
60 5.14 5.23 5.34 5.47 5.63 5.82 6.01 6.19 6.36 6.48 6.56 6.61
65 5.15 5.24 5.36 5.52 5.71 5.93 6.19 6.46 6.71 6.92 7.07 7.14
70 5.16 5.25 5.38 5.55 5.76 6.03 6.35 6.71 7.08 7.42 7.66 7.79
75 5.16 5.26 5.40 5.57 5.80 6.10 6.47 6.93 7.43 7.91 8.29 8.51
80 5.17 5.27 5.41 5.59 5.83 6.15 6.56 7.09 7.71 8.35 8.88 9.21
85 5.17 5.27 5.41 5.60 5.84 6.17 6.62 7.19 7.90 8.67 9.34 9.78
90 5.17 5.27 5.41 5.60 5.85 6.19 6.64 7.25 8.01 8.86 9.63 10.16
SIXTH OPTION - PAYMENTS FOR A PERIOD CERTAIN
AMOUNT OF NO. AMOUNT OF NO. AMOUNT OF NO. AMOUNT OF AMOUNT OF AMOUNT OF
NO. OF MONTHLY OF MONTHLY OF MONTHLY OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY
YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS
--------------------------------------------------------------------------------------------------------------------------------
5 $19.17 10 $10.97 15 $8.31 20 $7.04 25 $6.32 30 $5.87
6 16.42 11 10.24 16 7.99 21 6.86 26 6.21
7 14.46 12 9.63 17 7.71 22 6.70 27 6.11
8 13.00 13 9.12 18 7.46 23 6.56 28 6.02
9 11.87 14 8.69 19 7.24 24 6.43 29 5.94
AML-VA2002SXD6 29 PRINTED IN U.S.A.
ANNUITY TABLES FOR
FIXED PAYMENTS,
BASED ON A 2 1/2% ASSUMED INVESTMENT RETURN
AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED
Fixed Dollar Annuity payments will not vary and are guaranteed as to fixed
dollar amount. Payments for any available Annuity Payment Frequency, Period
Certain, age, or combination of ages not shown will be quoted upon request. The
Second Option (Life Annuity with a Cash Refund) is not available with the 2 1/2%
Assumed Investment Return.
FIRST AND THIRD OPTIONS - SINGLE LIFE ANNUITIES
MONTHLY PAYMENTS GUARANTEED
AGE NONE 120 180 240
-------------------------------------------------------------------------------
35 $2.97 $2.97 $2.96 $2.95
40 3.15 3.14 3.13 3.12
45 3.36 3.35 3.34 3.31
50 3.64 3.62 3.59 3.55
51 3.70 3.68 3.65 3.60
52 3.77 3.74 3.71 3.66
53 3.84 3.81 3.77 3.72
54 3.91 3.88 3.84 3.77
55 3.99 3.96 3.91 3.83
56 4.07 4.03 3.98 3.90
57 4.16 4.11 4.05 3.96
58 4.25 4.20 4.13 4.03
59 4.35 4.29 4.21 4.09
60 4.45 4.39 4.30 4.16
61 4.56 4.49 4.38 4.23
62 4.68 4.60 4.47 4.30
63 4.81 4.71 4.57 4.36
64 4.94 4.83 4.67 4.44
65 5.08 4.95 4.76 4.51
66 5.24 5.08 4.87 4.58
67 5.40 5.22 4.97 4.64
68 5.58 5.36 5.08 4.71
69 5.76 5.51 5.19 4.77
70 5.96 5.66 5.29 4.83
75 7.20 6.53 5.82 5.07
80 8.98 7.47 6.24 5.21
FOURTH OPTION - JOINT AND LAST SURVIVOR ANNUITY
AGE OF AGE OF SECOND ANNUITANT
FIRST
ANNUITANT 35 40 45 50 55 60 65 70 75 80 85 90
--------------------------------------------------------------------------------------------------------------------
35 $2.74 $2.80 $2.84 $2.88 $2.91 $2.93 $2.94 $2.95 $2.96 $2.96 $2.97 $2.97
40 2.80 2.87 2.94 2.99 3.03 3.07 3.09 3.11 3.13 3.13 3.14 3.14
45 2.84 2.94 3.02 3.10 3.18 3.23 3.28 3.30 3.33 3.34 3.35 3.36
50 2.88 2.99 3.10 3.22 3.32 3.41 3.48 3.53 3.57 3.60 3.61 3.63
55 2.91 3.03 3.18 3.32 3.46 3.60 3.72 3.80 3.87 3.92 3.95 3.96
60 2.93 3.07 3.23 3.41 3.60 3.79 3.97 4.12 4.24 4.32 4.38 4.41
65 2.94 3.09 3.28 3.48 3.72 3.97 4.22 4.46 4.66 4.82 4.93 5.00
70 2.95 3.11 3.30 3.53 3.80 4.12 4.46 4.81 5.14 5.42 5.63 5.77
75 2.96 3.13 3.33 3.57 3.87 4.24 4.66 5.14 5.64 6.11 6.50 6.78
80 2.96 3.13 3.34 3.60 3.92 4.32 4.82 5.42 6.11 6.82 7.49 8.03
85 2.97 3.14 3.35 3.61 3.95 4.38 4.93 5.63 6.50 7.49 8.52 9.46
90 2.97 3.14 3.36 3.63 3.96 4.41 5.00 5.77 6.78 8.03 9.46 10.91
AML-VA2002USX2.5 30 PRINTED IN U.S.A.
ANNUITY TABLES FOR
FIXED PAYMENTS,
BASED ON A 2 1/2% ASSUMED INVESTMENT RETURN
(CONTINUED)
FIFTH OPTION - JOINT AND LAST SURVIVOR ANNUITY WITH 10 YEAR PERIOD CERTAIN
AGE OF AGE OF SECOND ANNUITANT
FIRST
ANNUITANT 35 40 45 50 55 60 65 70 75 80 85 90
-----------------------------------------------------------------------------------------------------------------------
35 $2.74 $2.80 $2.84 $2.88 $2.91 $2.93 $2.94 $2.95 $2.96 $2.96 $2.97 $2.97
40 2.80 2.87 2.94 2.99 3.03 3.07 3.09 3.11 3.13 3.13 3.13 3.14
45 2.84 2.94 3.02 3.10 3.18 3.23 3.28 3.30 3.32 3.34 3.35 3.35
50 2.88 2.99 3.10 3.22 3.32 3.41 3.48 3.53 3.57 3.59 3.61 3.61
55 2.91 3.03 3.18 3.32 3.46 3.60 3.71 3.80 3.87 3.91 3.94 3.95
60 2.93 3.07 3.23 3.41 3.60 3.78 3.96 4.11 4.23 4.31 4.35 4.37
65 2.94 3.09 3.28 3.48 3.71 3.96 4.21 4.45 4.65 4.79 4.87 4.92
70 2.95 3.11 3.30 3.53 3.80 4.11 4.45 4.79 5.10 5.35 5.52 5.61
75 2.96 3.13 3.32 3.57 3.87 4.23 4.65 5.10 5.56 5.96 6.25 6.41
80 2.96 3.13 3.34 3.59 3.91 4.31 4.79 5.35 5.96 6.54 6.99 7.27
85 2.97 3.13 3.35 3.61 3.94 4.35 4.87 5.52 6.25 6.99 7.61 8.01
90 2.97 3.14 3.35 3.61 3.95 4.37 4.92 5.61 6.41 7.27 8.01 8.51
SIXTH OPTION - PAYMENTS FOR A PERIOD CERTAIN
AMOUNT OF NO. AMOUNT OF NO. AMOUNT OF NO. AMOUNT OF AMOUNT OF AMOUNT OF
NO. OF MONTHLY OF MONTHLY OF MONTHLY OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY
YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS
---------------------------------------------------------------------------------------------------------------------------------
5 $17.70 10 $9.39 15 $6.64 20 $5.27 25 $4.46 30 $3.93
6 14.93 11 8.64 16 6.30 21 5.08 26 4.34
7 12.95 12 8.02 17 6.00 22 4.90 27 4.22
8 11.47 13 7.49 18 5.73 23 4.74 28 4.12
9 10.32 14 7.03 19 5.49 24 4.60 29 4.02
AML-VA2002USX2.5 31 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 3% ASSUMED INVESTMENT RETURN
AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED
The second and subsequent annuity payments under a variable annuity are based on
the investment experience of a Separate Account and are not guaranteed as to
fixed dollar amount. Payments for any available Annuity Payment Frequency,
Period Certain, age, or combination of ages not shown will be quoted upon
request. The Second Option (Life Annuity with a Cash Refund) is not available
with the 3% Assumed Investment Return.
FIRST AND THIRD OPTIONS - SINGLE LIFE ANNUITIES
MONTHLY PAYMENTS GUARANTEED
AGE NONE 120 180 240
-------------------------------------------------------------------------------
35 $3.27 $3.26 $3.26 $3.25
40 3.44 3.43 3.42 3.41
45 3.65 3.64 3.62 3.60
50 3.92 3.90 3.87 3.83
51 3.98 3.96 3.93 3.88
52 4.05 4.02 3.99 3.93
53 4.12 4.09 4.05 3.99
54 4.19 4.16 4.11 4.05
55 4.27 4.23 4.18 4.11
56 4.35 4.31 4.25 4.17
57 4.44 4.39 4.33 4.23
58 4.53 4.47 4.40 4.29
59 4.62 4.56 4.48 4.36
60 4.73 4.66 4.57 4.43
61 4.84 4.76 4.65 4.49
62 4.95 4.87 4.74 4.56
63 5.08 4.98 4.84 4.63
64 5.21 5.09 4.93 4.70
65 5.36 5.22 5.03 4.77
66 5.51 5.35 5.13 4.83
67 5.67 5.48 5.24 4.90
68 5.85 5.63 5.34 4.96
69 6.03 5.77 5.45 5.03
70 6.23 5.93 5.55 5.08
75 7.47 6.79 6.07 5.32
80 9.25 7.72 6.48 5.45
FOURTH OPTION - JOINT AND LAST SURVIVOR ANNUITY
AGE OF AGE OF SECOND ANNUITANT
FIRST
ANNUITANT 35 40 45 50 55 60 65 70 75 80 85 90
--------------------------------------------------------------------------------------------------------------------
35 $3.05 $3.10 $3.14 $3.18 $3.21 $3.22 $3.24 $3.25 $3.26 $3.26 $3.26 $3.27
40 3.10 3.17 3.23 3.29 3.33 3.36 3.39 3.41 3.42 3.43 3.43 3.43
45 3.14 3.23 3.32 3.40 3.47 3.52 3.56 3.59 3.62 3.63 3.64 3.64
50 3.18 3.29 3.40 3.51 3.61 3.70 3.77 3.82 3.86 3.88 3.90 3.91
55 3.21 3.33 3.47 3.61 3.76 3.89 4.00 4.09 4.16 4.20 4.23 4.25
60 3.22 3.36 3.52 3.70 3.89 4.08 4.25 4.40 4.52 4.60 4.65 4.69
65 3.24 3.39 3.56 3.77 4.00 4.25 4.51 4.75 4.95 5.10 5.21 5.27
70 3.25 3.41 3.59 3.82 4.09 4.40 4.75 5.11 5.44 5.71 5.92 6.05
75 3.26 3.42 3.62 3.86 4.16 4.52 4.95 5.44 5.94 6.41 6.79 7.06
80 3.26 3.43 3.63 3.88 4.20 4.60 5.10 5.71 6.41 7.13 7.79 8.32
85 3.26 3.43 3.64 3.90 4.23 4.65 5.21 5.92 6.79 7.79 8.83 9.76
90 3.27 3.43 3.64 3.91 4.25 4.69 5.27 6.05 7.06 8.32 9.76 11.22
AML-VA2002UST3 32 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 3% ASSUMED INVESTMENT RETURN
(CONTINUED)
FIFTH OPTION - JOINT AND LAST SURVIVOR ANNUITY WITH 10 YEAR PERIOD CERTAIN
AGE OF AGE OF SECOND ANNUITANT
FIRST
ANNUI-TANT 35 40 45 50 55 60 65 70 75 80 85 90
------------------------------------------------------------------------------------------------------------------------
35 $3.05 $3.10 $3.14 $3.18 $3.21 $3.22 $3.24 $3.25 $3.26 $3.26 $3.26 $3.26
40 3.10 3.17 3.23 3.29 3.33 3.36 3.39 3.40 3.42 3.42 3.43 3.43
45 3.14 3.23 3.32 3.40 3.47 3.52 3.56 3.59 3.61 3.63 3.63 3.64
50 3.18 3.29 3.40 3.51 3.61 3.70 3.77 3.82 3.85 3.88 3.89 3.90
55 3.21 3.33 3.47 3.61 3.76 3.89 4.00 4.09 4.15 4.19 4.21 4.22
60 3.22 3.36 3.52 3.70 3.89 4.08 4.25 4.40 4.51 4.58 4.62 4.65
65 3.24 3.39 3.56 3.77 4.00 4.25 4.50 4.74 4.93 5.06 5.15 5.19
70 3.25 3.40 3.59 3.82 4.09 4.40 4.74 5.08 5.39 5.63 5.79 5.88
75 3.26 3.42 3.61 3.85 4.15 4.51 4.93 5.39 5.85 6.25 6.52 6.68
80 3.26 3.42 3.63 3.88 4.19 4.58 5.06 5.63 6.25 6.82 7.26 7.53
85 3.26 3.43 3.63 3.89 4.21 4.62 5.15 5.79 6.52 7.26 7.87 8.26
90 3.26 3.43 3.64 3.90 4.22 4.65 5.19 5.88 6.68 7.53 8.26 8.76
SIXTH OPTION - PAYMENTS FOR A PERIOD CERTAIN
AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF
NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY
YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS
--------------------------------------------------------------------------------------------------------------------------------
5 $17.91 10 $9.61 15 $6.87 20 $5.51 25 $4.71 30 $4.18
6 15.14 11 8.86 16 6.53 21 5.32 26 4.59
7 13.16 12 8.24 17 6.23 22 5.15 27 4.47
8 11.68 13 7.71 18 5.96 23 4.99 28 4.37
9 10.53 14 7.26 19 5.73 24 4.84 29 4.27
AML-VA2002UST3 33 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 5% ASSUMED INVESTMENT RETURN
AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED
Second and subsequent Annuity payments under a variable annuity are based on the
investment experience of a Separate Account and are not guaranteed as to fixed
dollar amount. Payments for any available Annuity Payment Frequency, Period
Certain, age, or combination of ages not shown will be quoted upon request.
FIRST, SECOND, AND THIRD OPTIONS - SINGLE LIFE ANNUITIES
MONTHLY PAYMENTS GUARANTEED
AGE NONE 120 180 240 CASH REFUND
----------------------------------------------------------------------
35 $4.56 $4.55 $4.54 $4.53 $4.53
40 4.70 4.69 4.68 4.66 4.66
45 4.89 4.87 4.85 4.82 4.82
50 5.14 5.11 5.07 5.02 5.03
51 5.20 5.16 5.12 5.06 5.08
52 5.26 5.22 5.17 5.11 5.13
53 5.32 5.28 5.23 5.16 5.19
54 5.39 5.34 5.29 5.21 5.25
55 5.46 5.41 5.35 5.26 5.31
56 5.54 5.48 5.41 5.31 5.37
57 5.62 5.56 5.48 5.37 5.44
58 5.71 5.64 5.55 5.43 5.51
59 5.81 5.72 5.62 5.48 5.58
60 5.91 5.81 5.70 5.54 5.66
61 6.01 5.91 5.78 5.60 5.75
62 6.13 6.01 5.86 5.66 5.83
63 6.25 6.11 5.95 5.72 5.93
64 6.38 6.23 6.04 5.79 6.03
65 6.52 6.34 6.13 5.85 6.13
66 6.68 6.47 6.22 5.91 6.24
67 6.84 6.60 6.32 5.97 6.35
68 7.01 6.73 6.41 6.02 6.48
69 7.20 6.88 6.51 6.08 6.61
70 7.40 7.02 6.61 6.13 6.74
75 8.65 7.84 7.08 6.34 7.54
80 10.45 8.73 7.46 6.45 8.59
FOURTH OPTION - JOINT AND LAST SURVIVOR ANNUITY
AGE OF AGE OF SECOND ANNUITANT
FIRST
ANNUITANT 35 40 45 50 55 60 65 70 75 80 85 90
---------------------------------------------------------------------------------------------------------------------
35 $4.36 $4.40 $4.43 $4.46 $4.48 $4.50 $4.52 $4.53 $4.54 $4.55 $4.55 $4.55
40 4.40 4.45 4.50 4.54 4.58 4.61 4.64 4.66 4.67 4.68 4.69 4.70
45 4.43 4.50 4.57 4.63 4.69 4.74 4.79 4.82 4.84 4.86 4.87 4.88
50 4.46 4.54 4.63 4.73 4.81 4.89 4.96 5.02 5.06 5.09 5.11 5.12
55 4.48 4.58 4.69 4.81 4.94 5.06 5.17 5.26 5.33 5.38 5.41 5.43
60 4.50 4.61 4.74 4.89 5.06 5.23 5.39 5.54 5.66 5.75 5.81 5.85
65 4.52 4.64 4.79 4.96 5.17 5.39 5.63 5.86 6.07 6.23 6.34 6.42
70 4.53 4.66 4.82 5.02 5.26 5.54 5.86 6.20 6.53 6.81 7.03 7.18
75 4.54 4.67 4.84 5.06 5.33 5.66 6.07 6.53 7.02 7.49 7.88 8.17
80 4.55 4.68 4.86 5.09 5.38 5.75 6.23 6.81 7.49 8.20 8.87 9.41
85 4.55 4.69 4.87 5.11 5.41 5.81 6.34 7.03 7.88 8.87 9.90 10.85
90 4.55 4.70 4.88 5.12 5.43 5.85 6.42 7.18 8.17 9.41 10.85 12.30
AML-VA2002UST5 34 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 5% ASSUMED INVESTMENT RETURN
(CONTINUED)
FIFTH OPTION - JOINT AND LAST SURVIVOR ANNUITY WITH 10 YEAR PERIOD CERTAIN
AGE OF AGE OF SECOND ANNUITANT
FIRST
ANNUITANT 35 40 45 50 55 60 65 70 75 80 85 90
---------------------------------------------------------------------------------------------------------------------
35 $4.36 $4.40 $4.43 $4.46 $4.48 $4.50 $4.52 $4.53 $4.54 $4.55 $4.55 $4.55
40 4.40 4.45 4.50 4.54 4.58 4.61 4.64 4.66 4.67 4.68 4.69 4.69
45 4.43 4.50 4.57 4.63 4.69 4.74 4.78 4.82 4.84 4.86 4.87 4.87
50 4.46 4.54 4.63 4.73 4.81 4.89 4.96 5.01 5.05 5.08 5.09 5.10
55 4.48 4.58 4.69 4.81 4.94 5.06 5.16 5.25 5.32 5.36 5.39 5.40
60 4.50 4.61 4.74 4.89 5.06 5.22 5.39 5.53 5.64 5.72 5.77 5.80
65 4.52 4.64 4.78 4.96 5.16 5.39 5.62 5.85 6.04 6.18 6.27 6.31
70 4.53 4.66 4.82 5.01 5.25 5.53 5.85 6.17 6.47 6.71 6.88 6.97
75 4.54 4.67 4.84 5.05 5.32 5.64 6.04 6.47 6.91 7.30 7.57 7.74
80 4.55 4.68 4.86 5.08 5.36 5.72 6.18 6.71 7.30 7.85 8.27 8.54
85 4.55 4.69 4.87 5.09 5.39 5.77 6.27 6.88 7.57 8.27 8.85 9.23
90 4.55 4.69 4.87 5.10 5.40 5.80 6.31 6.97 7.74 8.54 9.23 9.70
SIXTH OPTION - PAYMENTS FOR A PERIOD CERTAIN
AMOUNT OF NO. AMOUNT OF NO. AMOUNT OF NO. AMOUNT OF AMOUNT OF AMOUNT OF
NO. OF MONTHLY OF MONTHLY OF MONTHLY OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY
YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS
----------------------------------------------------------------------------------------------------------------------------------
5 $18.74 10 $10.51 15 $7.82 20 $6.51 25 $5.76 30 $5.28
6 15.99 11 9.77 16 7.49 21 6.33 26 5.65
7 14.02 12 9.16 17 7.20 22 6.17 27 5.54
8 12.56 13 8.64 18 6.94 23 6.02 28 5.45
9 11.42 14 8.20 19 6.71 24 5.88 29 5.36
AML-VA2002UST5 35 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 6% ASSUMED INVESTMENT RETURN
AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED
Second and subsequent Annuity payments under a variable annuity are based on the
investment experience of a Separate Account and are not guaranteed as to fixed
dollar amount. Payments for any available Annuity Payment Frequency, Period
Certain, age, or combination of ages not shown will be quoted upon request. The
Second Option (Life Annuity with a Cash Refund) is not available with the 6%
Assumed Investment Return.
FIRST AND THIRD OPTIONS - SINGLE LIFE ANNUITIES
MONTHLY PAYMENTS GUARANTEED
AGE NONE 120 180 240
--------------------------------------------------------------------------------------
35 $5.24 $5.23 $5.23 $5.21
40 5.37 5.36 5.35 5.33
45 5.55 5.53 5.50 5.47
50 5.78 5.75 5.70 5.65
51 5.84 5.80 5.75 5.69
52 5.90 5.85 5.80 5.73
53 5.96 5.91 5.85 5.78
54 6.03 5.97 5.91 5.82
55 6.10 6.03 5.96 5.87
56 6.17 6.10 6.02 5.92
57 6.25 6.17 6.09 5.97
58 6.33 6.25 6.15 6.02
59 6.43 6.33 6.22 6.08
60 6.52 6.42 6.30 6.13
61 6.63 6.51 6.37 6.19
62 6.74 6.61 6.45 6.25
63 6.86 6.71 6.53 6.30
64 6.99 6.82 6.61 6.36
65 7.13 6.93 6.70 6.42
66 7.28 7.05 6.79 6.47
67 7.44 7.18 6.88 6.53
68 7.62 7.31 6.97 6.58
69 7.80 7.45 7.07 6.63
70 8.00 7.59 7.16 6.68
75 9.25 8.39 7.61 6.88
80 11.06 9.24 7.97 6.98
FOURTH OPTION - JOINT AND LAST SURVIVOR ANNUITY
AGE OF AGE OF SECOND ANNUITANT
FIRST
ANNUITANT 35 40 45 50 55 60 65 70 75 80 85 90
--------------------------------------------------------------------------------------------------------------------------
35 $5.06 $5.09 $5.12 $5.14 $5.17 $5.19 $5.20 $5.21 $5.22 $5.23 $5.23 $5.24
40 5.09 5.13 5.17 5.21 5.25 5.28 5.31 5.33 5.34 5.35 5.36 5.37
45 5.12 5.17 5.23 5.29 5.35 5.40 5.44 5.47 5.50 5.52 5.53 5.54
50 5.14 5.21 5.29 5.37 5.45 5.53 5.60 5.65 5.69 5.72 5.75 5.76
55 5.17 5.25 5.35 5.45 5.57 5.68 5.78 5.87 5.94 6.00 6.04 6.06
60 5.19 5.28 5.40 5.53 5.68 5.84 6.00 6.14 6.26 6.35 6.42 6.46
65 5.20 5.31 5.44 5.60 5.78 6.00 6.22 6.45 6.65 6.81 6.93 7.01
70 5.21 5.33 5.47 5.65 5.87 6.14 6.45 6.78 7.10 7.38 7.60 7.76
75 5.22 5.34 5.50 5.69 5.94 6.26 6.65 7.10 7.58 8.05 8.44 8.74
80 5.23 5.35 5.52 5.72 6.00 6.35 6.81 7.38 8.05 8.75 9.42 9.97
85 5.23 5.36 5.53 5.75 6.04 6.42 6.93 7.60 8.44 9.42 10.45 11.40
90 5.24 5.37 5.54 5.76 6.06 6.46 7.01 7.76 8.74 9.97 11.40 12.85
AML-VA2002UST6 36 PRINTED IN U.S.A.
ANNUITY TABLES FOR
VARIABLE PAYMENTS,
BASED ON A 6% ASSUMED INVESTMENT RETURN
(CONTINUED)
FIFTH OPTION - JOINT AND LAST SURVIVOR ANNUITY WITH 10 YEAR PERIOD CERTAIN
AGE OF AGE OF SECOND ANNUITANT
FIRST
ANNUITANT 35 40 45 50 55 60 65 70 75 80 85 90
-----------------------------------------------------------------------------------------------------------------------
35 $5.06 $5.09 $5.12 $5.14 $5.17 $5.18 $5.20 $5.21 $5.22 $5.23 $5.23 $5.23
40 5.09 5.13 5.17 5.21 5.25 5.28 5.30 5.32 5.34 5.35 5.36 5.36
45 5.12 5.17 5.23 5.29 5.35 5.39 5.43 5.47 5.49 5.51 5.52 5.52
50 5.14 5.21 5.29 5.37 5.45 5.53 5.59 5.65 5.69 5.71 5.73 5.74
55 5.17 5.25 5.35 5.45 5.57 5.68 5.78 5.87 5.93 5.98 6.01 6.02
60 5.18 5.28 5.39 5.53 5.68 5.83 5.99 6.13 6.24 6.32 6.37 6.40
65 5.20 5.30 5.43 5.59 5.78 5.99 6.21 6.43 6.62 6.76 6.85 6.90
70 5.21 5.32 5.47 5.65 5.87 6.13 6.43 6.74 7.04 7.28 7.44 7.53
75 5.22 5.34 5.49 5.69 5.93 6.24 6.62 7.04 7.46 7.84 8.12 8.28
80 5.23 5.35 5.51 5.71 5.98 6.32 6.76 7.28 7.84 8.38 8.80 9.06
85 5.23 5.36 5.52 5.73 6.01 6.37 6.85 7.44 8.12 8.80 9.36 9.72
90 5.23 5.36 5.52 5.74 6.02 6.40 6.90 7.53 8.28 9.06 9.72 10.18
SIXTH OPTION - PAYMENTS FOR A PERIOD CERTAIN
AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF AMOUNT OF
NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY NO. OF MONTHLY
YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS YEARS PAYMENTS
----------------------------------------------------------------------------------------------------------------------------------
5 $19.17 10 $10.97 15 $8.31 20 $7.04 25 $6.32 30 $5.87
6 16.42 11 10.24 16 7.99 21 6.86 26 6.21
7 14.46 12 9.63 17 7.71 22 6.70 27 6.11
8 13.00 13 9.12 18 7.46 23 6.56 28 6.02
9 11.87 14 8.69 19 7.24 24 6.43 29 5.94
AML-VA2002UST6 37 PRINTED IN U.S.A.
INDIVIDUAL FLEXIBLE PREMIUM
VARIABLE ANNUITY CONTRACT
AMERICAN MATURITY LIFE INSURANCE COMPANY
P.O. Box 2999
Hartford,
Connecticut 06104-2999
ADMINISTRATIVE OFFICE:
Attn: Individual Annuity Services
P.O. Box 5085
Hartford, CT 06102-5085
AML-VA2002 PRINTED IN U.S.A.
AMENDATORY RIDER
The term "contract" as used in this rider applies to either a contract or a
certificate. The term "Contract Owner" as used in this rider applies to a
contract owner, certificate owner or certificate participant, as the case may
be.
This rider is issued as part of the contract to which it is attached. The
Contract Issue Date and the effective date of this rider are the same. Except
where this rider provides otherwise, it is subject to all of the conditions and
limitations of the contract.
The ANNIVERSARY VALUE definition is amended and, where applicable, added under
the DEFINITION OF CERTAIN TERMS:
ANNIVERSARY VALUE - We calculate an Anniversary Value for every Contract
Anniversary. At the time of each Contract Anniversary, the Anniversary Value is
equal to the Contract Value. Any time after each such Contract Anniversary, the
Anniversary Value is restated to be equal to the Contract Value at the time of
the Contract Anniversary, increased by the dollar amount of any premium payments
made, including any Payment Enhancement(s) credited since this such anniversary,
if applicable, and reduced by proportional adjustments for partial surrenders
since this such anniversary. All subsequent premium payments and partial
surrenders are applied to this calculation in Valuation Date order. If the
Contract Anniversary falls on a non-Valuation Day (weekend or holiday), then the
next Valuation Day will be the Contract Anniversary for that Contract Year.
As referred to above, upon a partial surrender, a "proportional adjustment for
partial surrender" is calculated for the Anniversary Values of every Contract
Anniversary that occurs prior to the partial surrender. For any such Anniversary
Value, the "proportional adjustment for partial surrender" is calculated by:
a) dividing the gross amount of the partial surrender by the greater of (i) or
(ii) where (i) is the Contract Value immediately prior to the surrender and
(ii) is the gross amount of the partial surrender, and
b) multiplying the result of (a) by this such Anniversary Value prior to
this partial surrender.
The MAXIMUM ANNIVERSARY VALUE provision of the contract is amended to read as
follows:
MAXIMUM ANNIVERSARY VALUE
The highest attained Anniversary Value prior to the earlier of the date of death
or the decedent's 81st birthday.
The contract is amended by the addition of the following LIMITATIONS ON THE
DEATH BENEFIT provision under the CALCULATION OF THE DEATH BENEFIT PROVISIONS
and where applicable, under the DISTRIBUTION AT TIME OF DEATH PROVISION. The
LIMITATIONS ON THE DEATH BENEFIT provision becomes operative only when the death
of a specific person results in a Death Benefit under one or more deferred
variable annuity contracts with Aggregate Premium Payments (defined below) that
total $5,000,000 or more. Applicable contracts must meet both of the following:
a) deferred variable annuity contracts issued by Hartford or its affiliates;
and
b) include this provision.
LIMITATIONS ON THE DEATH BENEFIT
This paragraph applies if the initial premium payment of the earliest purchased
applicable contract is $5,000,000 or more. In the event that You purchase more
than one contract on the same day, We will combine the premium payments of those
contracts and treat them as one contract for purposes of this provision. Upon
receipt of Due Proof of Death, the aggregate death benefit payable will be equal
to the lesser of the sum of the Death Benefits calculated under the applicable
contracts or the greater of the amounts determined in (A) or (B) below:
A. the Aggregate Premium Payments, reduced by the gross amount of any
partial surrenders on all applicable contracts; or
B. the Aggregate Contract Value (defined below) plus $1,000,000.
AML-PROPDB02 1 PRINTED IN U.S.A.
If the initial premium payment of the earliest purchased applicable contract is
less than $5,000,000, whenever subsequent premium payments are made to that
contract or to any other applicable contracts, or premium payments to
subsequently issued new contracts, such that Aggregate Premium Payments would
then total $5,000,000 or more, the aggregate death benefit payable upon receipt
of Due Proof of Death will be equal to the lesser of the sum of Death Benefits
calculated under the applicable contracts or the greater of the amounts
determined in (C), (D) or (E) below:
C. the Aggregate Premium Payments, reduced by the gross amount of any partial
surrenders on all applicable contracts; or
D. the Aggregate Contract Value plus $1,000,000; or
E. the Aggregate Contract Value plus the sum of the Death Benefits calculated
under the applicable contracts in excess of the Aggregate Contract Value at
the time that the subsequent premium payment or newly issued contract(s)
brought the Aggregate Premium Payments to $5,000,000 or more.
Limitations on the Death Benefit equally apply to the Spouse Beneficiary
provision.
The term "Aggregate Premium Payments" as used above is the sum of the premium
payments, including subsequent premium payments, of all applicable contracts.
The term "Aggregate Contract Value" as used above is the sum of the Contract
Values of all applicable contracts.
The contract is amended by the addition of the following sentence at the end of
the first paragraph of the SETTLEMENT OF THE DEATH BENEFIT provision under the
CALCULATION OF THE DEATH BENEFIT PROVISIONS:
The Beneficiary may elect any available settlement option offered under the
contract, unless the Contract Owner has designated the settlement option for
that Beneficiary. The available settlement options include any of the Annuity
Options under the contract or any other options then being offered by Us.
The contract is amended by the addition of the following FIXED ACCOUNT
RESTRICTIONS and ADJUSTMENTS TO THE MINIMUM FIXED ACCOUNT INTEREST RATE
provisions, if applicable:
FIXED ACCOUNT RESTRICTIONS
Anything in said contract to the contrary notwithstanding, the Company reserves
the right until further notice to restrict any premium payments, subsequent
premium payments, exchanges, or existing Sub-Account transfers instructed by the
Contract Owner or authorized designees for allocation to the Fixed Account
whenever the credited interest rate on the Fixed Account is equal to the Minimum
Fixed Account Interest Rate specified under the contract.
ADJUSTMENTS TO THE MINIMUM FIXED ACCOUNT INTEREST RATE
Anything in said contract to the contrary notwithstanding, the Company reserves
the right to adjust and restate the Minimum Fixed Account Interest Rate in the
event that applicable state insurance law modifies its statutory required
minimum interest rate following the issuance of said contract.
SIGNED FOR AMERICAN MATURITY LIFE INSURANCE COMPANY
/s/ Xxxxxxxxx Xxxxx Xxxxxx /s/ Xxxxxx X. Xxxx
Xxxxxxxxx Xxxxx Xxxxxx Xxxxxx X. Xxxx
SENIOR VICE PRESIDENT EXECUTIVE VICE PRESIDENT
GENERAL COUNSEL AND CORPORATE CHIEF OPERATING OFFICER AND
SECRETARY TREASURER
AML-PROPDB02 2 PRINTED IN U.S.A.
ENHANCED DEATH BENEFIT RIDER
The term "Contract" as used in this rider applies to either a contract or a
certificate. The term "Contract Owner" as used in this rider applies to a
contract owner, certificate owner or certificate participant, as the case may
be.
This rider is issued as part of the Contract to which it is attached. This rider
cannot be terminated either by the Contract Owner or the Company. Except where
this rider provides otherwise, it is subject to all of the terms and conditions
of the Contract.
If both the Contract Owner(s) and Annuitant are age [80] or younger on the
effective date of this rider, paragraph a) of the "DEATH BENEFIT" provision and,
where applicable, the "OPTIONAL DEATH BENEFIT" provision of the Contract to
which this rider is attached, and as stated in any other rider attached to the
Contract, is hereby deleted and restated as follows:
a) the Contract Value as of the date of receipt of Due Proof of Death plus
[40%] of the lesser of 1. or 2. below if both the Contract Owner(s) and
Annuitant are age [69] or younger on the effective date of this rider,
or [25%] of the lesser of 1. or 2. below if either the Contract
Owner(s) or Annuitant is age [70] or older on the effective date of
this rider.
1. The greater of zero or the following amount:
A. the Contract Value as of the date of receipt of Due Proof of
Death; less
B. the Contract Value on the effective date of this rider plus
premium payments received after the effective date of this
rider; plus
C. the sum of Adjustments for all partial surrenders which occur
after the effective date of this rider.
2. [200%] of A. less B. below as follows:
A. the Contract Value on the effective date of this rider, plus
premium payments received after the effective date of this
rider excluding payments received within 12 months of the date
of death, less
B. the sum of Adjustments for all partial surrenders which occur
after the effective date of this rider.
The Adjustment for each partial surrender which occurs after the
effective date of this rider is equal to the greater of zero or the
following amount:
1. the gross amount of the partial surrender; plus
2. the Contract Value on the effective date of this rider plus
premium payments received after the effective date of this
rider and prior to the partial surrender, less
3. the Contract Value on the Valuation Day immediately preceding
the date of partial surrender; less
4. the sum of Adjustments for all prior partial surrenders which
have occurred after the effective date of this rider.
or
AML-VA02EPB 1 PRINTED IN U.S.A.
The "SPOUSE BENEFICIARY" provision of the Contract is hereby amended by the
addition of the following:
The date of receipt of Due Proof of Death will be considered the rider effective
date for the Contract that is continued with the spouse as the Contract Owner.
RIDER CHARGE
The charge for this rider is added to the net investment factor. The net
investment factor for each Sub-Account is:
a) the net asset value per share of the corresponding fund at the end of the
valuation period (plus the per share amount of any unpaid dividends or
capital gains by that fund); divided by
b) the net asset value per share of the corresponding fund at the beginning of
the valuation period; minus c) the mortality and expense risk charge and any
applicable administration charge, adjusted for the number of days
in the valuation period; minus
d) the charge for this rider, adjusted for the number of days in the valuation
period. The charge for this rider per annum of the daily value of the
Sub-Accounts is [0.30%].
Signed for AMERICAN MATURITY LIFE INSURANCE COMPANY
/s/ Xxxxxxxxx Xxxxx Xxxxxx /s/ Xxxxxx X. Xxxx
Xxxxxxxxx Xxxxx Xxxxxx Xxxxxx X. Xxxx
SENIOR VICE PRESIDENT EXECUTIVE VICE PRESIDENT
GENERAL COUNSEL AND CORPORATE CHIEF OPERATING OFFICER AND
SECRETARY TREASURER
LA-VA02EPB 2 PRINTED IN U.S.A.
GUARANTEED INCOME BENEFIT RIDER
The term "Contract" as used in this rider applies to either a contract or a
certificate. The term "Contract Owner" as used in this rider applies to a
contract owner, certificate owner or certificate participant, as the case may
be.
This rider is issued as part of the contract to which it is attached. The
effective date is when this rider is issued and made part of the contract. This
rider cannot be terminated either by You or Us prior to the Annuity Commencement
Date. Except where this rider provides otherwise, it is subject to all of the
conditions and limitations of the contract.
When elected on the Contract Issue Date, this rider provides a guaranteed income
benefit that gives You the right to make periodic surrenders that total an
amount equal to Your premium payments. This guarantee will remain in effect if
periodic surrenders do not exceed an amount equal to 7% of premium payments each
Contract Year. If the Contract Owner chooses to surrender an amount more than 7%
in a Contract Year, then the guarantee may be reduced to an amount less than
premium payments in accordance with the provisions of this rider.
When this rider is elected after the Contract Issue Date, the guaranteed income
benefit will be based on the amount of the Contract Value on the effective date
of the rider plus premium payments made subsequent to the effective date of this
rider. Accordingly, for purposes of this rider, the Contract Value plus premium
payments made subsequent to the effective date of this rider will be treated in
the same manner as premium payments when this rider is effective on the Contract
Issue Date.
There is an additional charge for this guaranteed income benefit.
If your Contract Value increases, You have the right to "step-up" the guaranteed
benefit to the current Contract Value at certain intervals. We may modify the
charge for this rider if You elect to step-up.
At any point in time, the total guaranteed amount available for future periodic
surrenders is called the Guaranteed Remaining Balance (GRB). The surrender
amount that the Contract Owner has the right to make each Contract Year until
the GRB is depleted is called the Guaranteed Annual Withdrawal Benefit (GAWB).
However, at any time You may surrender an amount up to Your Contract Value.
GUARANTEED REMAINING BALANCE (GRB)
Your GRB is determined at the following times and is subject to a maximum GRB of
$5,000,000:
At Rider Effective Date
-----------------------
If this rider is effective on the Contract Issue Date, then the GRB equals the
premium payments. If this rider is effective after the Contract Issue Date, then
the GRB equals 100% of the Contract Value on the rider effective date.
When a subsequent premium payment is made
-----------------------------------------
Upon each subsequent premium payment, the GRB is recalculated to equal the sum
of the GRB immediately prior to receipt of the subsequent premium payment, plus
100% of the subsequent premium payment. The Company reserves the right to
restrict subsequent premium payments.
AML-VA02GLBR 1 of 3 PRINTED IN U.S.A.
When a partial surrender is made
--------------------------------
Whenever a partial surrender is made, the GRB will be equal to the amount
determined in either (A) or (B) as follows:
A. If the total partial surrenders since the later of (1) the most recent
Contract Anniversary, or (2) the Valuation Day that the Guaranteed
Annual Withdrawal Benefit (GAWB) was last established (excluding
establishments for subsequent premium payments), are equal to or less
than the GAWB, the GRB becomes the GRB immediately prior to the partial
surrender, less the amount of partial surrender.
B. If the total partial surrenders as determined in (A) above exceed the
GAWB, the GRB will have an automatic reset to the greater of zero or
the lesser of (i) or (ii) as follows: (i) the Contract Value
immediately following the partial surrender; or (ii)the GRB immediately
prior to the partial surrender, less the amount of partial surrender.
For purposes of this rider, the term "partial surrender" is a gross amount and
will include any Contingent Deferred Sales Charges.
GUARANTEED ANNUAL WITHDRAWAL BENEFIT (GAWB)
Your GAWB is established at the following times:
At Rider Effective Date
------------------------
7% of the GRB.
When a subsequent premium payment is made
------------------------------------------
Upon each subsequent premium payment, the GAWB is recalculated to equal the sum
of 7% of the subsequent premium payment plus the GAWB immediately prior to the
subsequent premium payment.
When a partial surrender is made that causes an automatic reset of the GRB
(as determined in (B) above)
------------------------------------------------------------------------------
The new GAWB will be the lesser of (C), (D), or (E) as follows:
C. the GAWB immediately prior to the partial surrender; or
D. the greater of 7% of the reset GRB or 7% of the Contract Value
immediately following the partial surrender; or
E. the reset GRB.
When a partial surrender is made that reduces the GRB to an amount less than
the GAWB
-------------------------------------------------------------------------------
Whenever a partial surrender is made that reduces the GRB to an amount less than
the GAWB, the GAWB is reduced to equal the GRB.
ELECTIVE STEP-UP OF THE GRB AND GAWB
At the times determined below, the Contract Owner may elect to Step-up the GRB
and, if applicable, the GAWB as follows:
GRB Step-up
------------
Beginning with the 5th anniversary date of the effective date of this rider, the
Contract Owner has the option to increase the GRB to an amount equal to 100% of
the current Contract Value (herein referred to as Step-up). Once a Step-up has
been elected, another Step-up may not be elected until on or after the 5th
anniversary of the latest Step-up date.
If the surviving spouse becomes the Contract Owner under the contract's Spouse
Beneficiary provision, the next Step-up may be elected at anytime thereafter.
This is allowed regardless if it occurs before the 5th anniversary date of the
effective date of this rider or if the latest Step-up occurred within the last
five years. Once this Step-up has been elected, another Step-up may not be
elected until on or after the 5th anniversary of this Step-up.
In the future, We may allow You to Step-up Your GRB only on a Contract
Anniversary.
GAWB Step-up
------------
The GAWB Step-up is equal to the greater of (H) or (I) as follows:
H. the GAWB immediately prior to the Step-up; or
I. 7% of the Contract Value on the Step-up date.
AML-VA02GLBR 2 of 3 PRINTED IN U.S.A.
CONTRACT VALUE REDUCES TO ZERO If the
Contract Value reduces to zero on a particular Valuation Day as a result of a
partial surrender and on such Valuation Day the GRB remains greater than zero,
the following will occur:
J. The GRB will be paid to You on a periodic basis elected by You. The
frequencies will be among those offered by Us at that time but will be no
less frequently than annually.
K. The total annual payment amount will equal the GAWB.
L. We will no longer accept subsequent premium payments.
GUARANTEED INCOME BENEFIT ANNUITY OPTION
In addition to the Annuity options available under the contract, the following
annuity option may be elected by You under this rider:
FIXED PAYOUT - Under this option, You are entitled to receive payments in a
fixed dollar amount for a stated number of years. The actual number of years
that payments will be made is determined on the calculation date by dividing the
GRB by the GAWB. The total annual amount payable under this option will equal
the GAWB but will not exceed the current GRB. This annualized amount will be
paid over the determined number of years in the frequency that You elect. The
frequencies will be among those offered by Us at that time but will be no less
frequently than annually. If, at the death of the Annuitant, payments have been
made for less than the stated number of years, the remaining payments will be
made to the Beneficiary.
This option may not be available if the contract is issued to qualify under
Section 401, 403, 408, or 457 of the Internal Revenue Code of 1986, as amended.
For such contracts, this option will be available only if the guaranteed payment
period is less than the life expectancy of the annuitant at the time the option
becomes effective. Such life expectancy will be computed under the mortality
table then in use by Us.
This annuity option may be elected as a settlement option by the Beneficiary of
a contract. Whenever multiple Beneficiaries are designated under the contract,
each such Beneficiary's share of the proceeds if they elect this option will be
in proportion to their applicable designated Beneficiary percentage.
Beneficiaries of nonqualified contracts may elect this settlement option subject
to the Distribution Requirements section of the contract.
RIDER CHARGE
The charge for this rider is added to the net investment factor. The net
investment factor for each Sub-Account is:
M. the net asset value per share of the corresponding fund at the end of the
valuation period (plus the per share amount of any unpaid dividends or
capital gains by that fund); divided by
N. the net asset value per share of the corresponding fund at the beginning of
the valuation period; minus
O. the mortality and expense risk charge and any applicable administration
charge, adjusted for the number of days in the valuation period; minus
P. the charge for this rider, adjusted for the number of days in the
valuation period.
The charge for this rider per annum of the daily value of the Sub-Accounts is [
0.75%], subject to a guaranteed maximum charge of [ 0.75%]. The rider charge may
change if You elect to Step-up the GRB. However, the rider charge will never
exceed the lesser of the maximum charge or the charge currently offered for this
same benefit under newly issued riders. If the GRB is never Stepped-up by the
Contract Owner, the charge established on the effective date of this rider will
never change. The rider charge will be discontinued once an Annuity option
available under the contract becomes effective.
Signed for AMERICAN MATURITY LIFE INSURANCE COMPANY
/s/ Xxxxxxxxx Xxxxx Xxxxxx /s/ Xxxxxx X. Xxxx
Xxxxxxxxx Xxxxx Xxxxxx Xxxxxx X. Xxxx
SENIOR VICE PRESIDENT EXECUTIVE VICE PRESIDENT
GENERAL COUNSEL AND CORPORATE CHIEF OPERATING OFFICER AND
SECRETARY TREASURER
AML-VA02GLBR 3 of 3 PRINTED IN U.S.A.
