rila295nydraft210-25x22






  RILA295NY        Jackson National Life Insurance Company of New York®    Thank you for choosing Jackson National Life Insurance Company of New York, also referred to as "the  Company" or "Jackson of NY®."    READ YOUR CONTRACT CAREFULLY.    This annuity contract is issued by the Company and is a legal agreement between the Owner ("You") and  Jackson of NY.    PLEASE NOTE THAT THIS CONTRACT REFERS TO AND UTILIZES EXTERNAL INDEXES. WHILE  THE CONTRACT VALUES MAY BE AFFECTED BY THE EXTERNAL INDEXES, THE CONTRACT  DOES NOT DIRECTLY PARTICIPATE IN ANY STOCK OR EQUITY INVESTMENTS. AN INDEX  ADJUSTMENT TO THE INDEX ACCOUNT IS NOT GUARANTEED AND MAY VARY BASED UPON  THE PERFORMANCE OF THE INDEXES.    THE INDEX RETURN MAY BE POSITIVE, NEGATIVE OR ZERO AND INVESTMENT IN THIS  CONTRACT MAY RESULT IN A LOSS OF PRINCIPAL. IN SOME INSTANCES, THE POTENTIAL  INVESTMENT LOSS FOR THIS PRODUCT MAY BE SIGNIFICANTLY GREATER THAN THE  POTENTIAL INVESTMENT GAIN. IN EXCHANGE FOR SOME LOSS PROTECTION, YOU MAY  SACRIFICE POTENTIAL GAIN. THERE MAY BE LIMITS ON GAINS THAT COULD DELAY OR  PREVENT YOU FROM EARNING BACK LOSSES.    AMOUNTS ALLOCATED TO THE FIXED ACCOUNT WILL EARN INTEREST AT THE CURRENT  INTEREST RATE FOR THE DURATION OF THE FIXED ACCOUNT PERIOD. THE INTEREST RATE  CREDITED FOR SUBSEQUENT PERIODS IS SUBJECT TO CHANGE AS DECLARED BY THE  COMPANY.    THE CONTRACT OPTIONS ARE SUBJECT TO A MARKET VALUE ADJUSTMENT FORMULA  WHICH MAY INCREASE OR DECREASE THE VALUE OF AMOUNTS WITHDRAWN FROM THE  CONTRACT VALUE.     EACH CONTRACT YEAR THE MVA FREE WITHDRAWAL AMOUNT MAY BE WITHDRAWN  WITHOUT A MARKET VALUE ADJUSTMENT.     PLEASE READ THE IMPORTANT CONTRACT DISCLOSURES ON THE FOLLOWING PAGE.    NOTICE OF RIGHT TO EXAMINE CONTRACT  YOU MAY RETURN THIS CONTRACT TO THE FINANCIAL PROFESSIONAL WHO SOLD YOU THE  CONTRACT OR THE COMPANY WITHIN [10] DAYS AFTER YOU RECEIVE IT ([60] DAYS AFTER  YOU RECEIVE IT IF IT WAS PURCHASED AS A REPLACEMENT CONTRACT). THE COMPANY WILL  REFUND THE CONTRACT VALUE WITHOUT DEDUCTION FOR ANY FEES AND CHARGES.  RETURNED CONTRACTS ARE VOID. INDIVIDUAL SINGLE PREMIUM DEFERRED  REGISTERED INDEX-LINKED ANNUITY.  DEATH BENEFIT AVAILABLE.  INCOME OPTION AVAILABLE.  NON-PARTICIPATING.  Home Office: Customer Care Center:  [2900 Westchester Avenue [P.O. Box 24068  Purchase, New York 10577] Lansing, MI 48909-4068   1-800-599-5651]  www.jackson.com]    This Contract is signed by the Company President    Secretary   





 






  RILA295NY Contract Cover Page Continued  Home Office:      Customer Care Center:     [2900 Westchester Avenue   [P.O. Box 24068  Purchase, New York 10577]  Lansing, MI 48909-4068  1-800-599-5651  www.jackson.com]       IMPORTANT - CONTRACT DISCLOSURES    PLEASE READ CAREFULLY          WHEN ALL OR ANY PORTION OF THE CONTRACT VALUE IS WITHDRAWN IT MAY BE  SUBJECT TO A MARKET VALUE ADJUSTMENT (MVA) AS SET FORTH IN THE  CONTRACT DATA PAGES. THE WITHDRAWAL VALUE AVAILABLE UNDER THIS  CONTRACT IS EQUAL TO THE CONTRACT VALUE ADJUSTED FOR ANY APPLICABLE  MVA.    THE COMPANY MAY RESTRICT TRANSFERS TO INDEX ACCOUNT OPTIONS AT ANY  TIME, ON A NON-DISCRIMINATORY BASIS, IF THE YIELD ON INVESTMENT OR COST OF  HEDGING WOULD NOT SUPPORT THE MINIMUM GUARANTEES OF THE INDEX  ACCOUNT OPTION(S). HOWEVER, AT LEAST ONE (1) INDEX ACCOUNT OPTION WILL  ALWAYS REMAIN AVAILABLE FOR ALLOCATION. SHOULD THE COMPANY IMPOSE  SUCH RESTRICTIONS, THE COMPANY WILL GIVE AT LEAST 30 DAYS ADVANCE  NOTICE TO YOU. THE COMPANY WILL ALSO PROVIDE WRITTEN NOTICE WHEN SUCH  RESTRICTIONS NO LONGER EXIST.    THE COMPANY WILL NOT RESTRICT TRANSFERS TO THE FIXED ACCOUNT OPTION(S)  AT ANY TIME.     





 






  RILA295NY 2  TABLE OF CONTENTS     Provision Page Number    Contract Data Pages [3a    Definitions  4    General Provisions 8    Contract Option Provisions 13    Withdrawal Provisions 17    Death Benefit Provisions 20    Income Provisions 24    Termination Provisions 27]    If You have questions about this Contract or require information about coverage or complaint  resolutions, You may contact the Company's Customer Care Center identified on the Contract's  cover page.    





 






  RILA295NY-FB1 3a  CONTRACT DATA PAGES    Contract Number: [1234567890]     Owner: [John Doe]     Owner Issue Age: [45]     Joint Owner: [No Joint Owner]     Joint Owner Issue Age: [N/A]     Annuitant: [John Doe]     Annuitant Issue Age: [45]     Joint Annuitant: [No Joint Annuitant]     Joint Annuitant Issue Age: [N/A]     Issue Date: [June 1, 2023]     Issue State: NY     Premium Amount: [$25,000]     Income Date: [June 1, 2073]     Primary Beneficiary(ies): [Brian Doe]     Contingent Beneficiary(ies): [Jane Doe]                                  





 






  RILA295NY-FB1 3b  CONTRACT DATA PAGES (CONT'D)    FIXED ACCOUNT INFORMATION:    Initial 1-Year Fixed Account Option Interest Rate: [1.00%]    Fixed Account Minimum Interest Rate (FAMIR): [1.00%]    INTEREST RATE FOR ADJUSTMENTS DUE TO MISSTATEMENT OF AGE OR SEX: [1.00%]    WITHDRAWALS:    Maximum Annual Advisory Fee Withdrawal Percentage: [1.50%]    Minimum partial withdrawal amount unless as a scheduled part of an automatic  withdrawal program: [$500]    Minimum partial withdrawal amount as a scheduled part of an automatic withdrawal  program: [$50]    Minimum Contract Value remaining after a partial withdrawal: [$2,000]    MVA Free Withdrawal Percentage: [10%]     PREMIUM:    This is a single Premium Contract. The Company may waive minimum and maximum Premium  at any time, on a non-discriminatory basis.     Minimum Premium: [$25,000]    Maximum Premium under a Contract: [$1,000,000]    SEPARATE ACCOUNT:    [JNLNY RILA Separate Account I]    





 






  RILA295NY-FB1 3c  CONTRACT DATA PAGES (CONT'D)    MARKET VALUE ADJUSTMENT (MVA):    An MVA is a positive or negative adjustment the Company applies to amounts You remove from  Your Contract due to withdrawals or annuitizations during the MVA Period. In the event of a total  withdrawal, any applicable MVA is applied to the Contract Value, less any MVA Free Withdrawal  amount available at the time of the total withdrawal.    MVA Period: The first [six (6)] Contract Years.    The MVA reflects the movement in the MVA Reference Rate since the Issue Date.    The MVA may:  1. reduce the value of the amount paid if the MVA Reference Rate on the date You remove  Contract Value from Your Contract is greater than the MVA Reference Rate on the Issue  Date of Your Contract; or  2. increase the value of the amount paid if the MVA Reference Rate on the date You remove  Contract Value from Your Contract is less than the MVA Reference Rate on the Issue Date  of Your Contract.    The Company applies the same MVA formula regardless of whether the formula results in an  increase or decrease to amounts You remove from Your Contract.    MVA formula. The Company calculates the MVA by multiplying the amount You withdraw that  is subject to MVA less any applicable charges by the result of the formula below:          where:    I is the MVA Reference Rate on the Issue Date  J is the MVA Reference Rate on the date of withdrawal   m is the number of complete months remaining from the date of the removal to the end of the  MVA Period.   -1 [1+ I ] (m/12)  [1+ J ] (m/12)    





 






  RILA295NY-FB1 3d  CONTRACT DATA PAGES (CONT'D)    MARKET VALUE ADJUSTMENT (MVA) (continued):    The Company will not apply an MVA to:  1. death benefit proceeds;  2. payment of charges or fees;  3. amounts annuitized;   4. transfers among the Index Account Options and Fixed Account Options;  5. exercise of Your Notice of Right to Examine Contract Provision;  6. withdrawals taken under the MVA Free Withdrawal provision;  7. withdrawals taken to satisfy the Required Minimum Distribution (RMD);  8. amounts You remove on the Latest Income Date (LID);  9. amounts You remove from Your Contract after the end of MVA Period;  10. Advisory Fee Withdrawals made pursuant to the rules specified in the Withdrawal  provisions.    For purposes of determining the MVA, the Contract Value is divided into earnings and  Remaining Premium, as defined in the Contract. Earnings are not subject to an MVA.    For the sole purpose of determining the amount of the MVA:  1. earnings are defined as any excess of the Contract Value over Remaining Premium.  2. Withdrawals will be allocated first to earnings (which may be withdrawn free of any  MVA), if any, and second to Remaining Premium.    Any portion of the MVA that would reduce the Fixed Account Value below the FAMV will be  waived.    MVA Reference Rate: [Bloomberg U.S. Intermediate Corporate Bond Index Yield to Maturity]    The MVA Reference Rate applied on any day will be the MVA Reference Rate published on the  prior Business Day.    If the MVA Reference Rate is not published on the Business Day before the MVA is calculated,  the Company will use the MVA Reference Rate for the most recent Business Day it was  published.    Discontinuation of or Substantial Change to the MVA Reference Rate. In the event that the  MVA Reference Rate is no longer published, is discontinued, or if the calculation is substantially  changed on the date You remove Contract Value from Your Contract then the Company may  substitute a comparable method for determining the MVA Reference Rate. The Company will  obtain approval from Your state insurance department and will notify You and any assignee  before using a substitute method to calculate the MVA.    





 






  RILA295NY-FB1 3e  CONTRACT DATA PAGES (CONT'D)    TABLE OF INCOME OPTIONS    The following table shows income values for each $1,000 of net proceeds applied to the Income  Option.    UNDER OPTION 4 MONTHLY INSTALLMENTS UNDER OPTIONS 1 OR 3      No. of  Monthly  Install- ments      Monthly  Install- ments      Age of  Annui- tant      No. of Mos.  Certain      Age of  Annui- tant      No. of Mos.  Certain      Age of  Annui- tant      No. of Mos.  Certain      Age of  Annui- tant      No. of Mos.  Certain  Male Life 120 240 Male Life 120 240 Female Life 120 240 Female Life 120 240  60 17.09 40 2.33 2.32 2.31 68 4.72 4.57 4.02 40 2.22 2.22 2.21 68 4.36 4.26 3.86  72 14.31 41 2.37 2.36 2.35 69 4.90 4.72 4.09 41 2.26 2.26 2.25 69 4.52 4.40 3.94  84 12.33 42 2.41 2.41 2.39 70 5.09 4.89 4.16 42 2.30 2.30 2.29 70 4.69 4.55 4.02  96 10.84 43 2.45 2.45 2.43 71 5.31 5.06 4.23 43 2.34 2.34 2.32 71 4.87 4.70 4.09  108 9.68 44 2.50 2.50 2.47 72 5.54 5.24 4.29 44 2.38 2.38 2.36 72 5.06 4.87 4.16  120 8.76 45 2.55 2.54 2.52 73 5.79 5.43 4.34 45 2.42 2.42 2.40 73 5.28 5.04 4.22  132 8.00 46 2.60 2.59 2.56 74 6.06 5.63 4.39 46 2.47 2.47 2.45 74 5.51 5.23 4.28  144 7.37 47 2.65 2.64 2.61 75 6.35 5.83 4.43 47 2.52 2.51 2.49 75 5.76 5.42 4.34  156 6.84 48 2.71 2.70 2.66 76 6.67 6.04 4.47 48 2.57 2.56 2.54 76 6.03 5.62 4.38  168 6.38 49 2.77 2.76 2.71 77 7.02 6.26 4.50 49 2.62 2.61 2.59 77 6.33 5.83 4.43  180 5.98 50 2.83 2.82 2.76 78 7.40 6.48 4.52 50 2.67 2.67 2.64 78 6.65 6.04 4.46  192 5.64 51 2.89 2.88 2.82 79 7.81 6.70 4.54 51 2.73 2.72 2.69 79 7.01 6.26 4.49  204 5.33 52 2.96 2.94 2.88 80 8.27 6.92 4.56 52 2.79 2.78 2.74 80 7.40 6.48 4.52  216 5.06 53 3.03 3.01 2.94 81 8.76 7.13 4.57 53 2.85 2.84 2.80 81 7.83 6.70 4.54  228 4.82 54 3.10 3.08 3.00 82 9.30 7.34 4.58 54 2.92 2.91 2.85 82 8.29 6.92 4.56  240 4.60 55 3.18 3.16 3.06 83 9.89 7.53 4.58 55 2.99 2.98 2.91 83 8.80 7.13 4.57  252 4.40 56 3.26 3.23 3.13 84 10.54 7.72 4.59 56 3.07 3.05 2.98 84 9.35 7.33 4.58  264 4.22 57 3.35 3.32 3.19 85 11.26 7.88 4.59 57 3.14 3.12 3.04 85 9.95 7.52 4.58  276 4.06 58 3.44 3.40 3.26 86 12.05 8.03 4.59 58 3.23 3.20 3.11 86 10.59 7.70 4.59  288 3.90 59 3.54 3.49 3.34 87 12.91 8.17 4.59 59 3.31 3.29 3.18 87 11.28 7.87 4.59  300 3.77 60 3.64 3.59 3.41 88 13.86 8.28 4.60 60 3.40 3.37 3.25 88 12.03 8.02 4.59  312 3.64 61 3.74 3.69 3.48 89 14.88 8.38 4.60 61 3.50 3.46 3.32 89 12.84 8.15 4.59  324 3.52 62 3.86 3.79 3.56 90 15.99 8.46 4.60 62 3.60 3.56 3.40 90 13.71 8.27 4.60  336 3.41 63 3.98 3.91 3.64 91 17.17 8.53 4.60 63 3.71 3.66 3.47 91 14.66 8.37 4.60  348 3.31 64 4.11 4.02 3.71 92 18.43 8.58 4.60 64 3.82 3.77 3.55 92 15.70 8.45 4.60  360 3.21 65 4.24 4.15 3.79 93 19.78 8.63 4.60 65 3.95 3.88 3.63 93 16.86 8.53 4.60    66 4.39 4.28 3.87 94 21.20 8.66 4.60 66 4.07 4.00 3.71 94 18.13 8.58 4.60    67 4.55 4.42 3.95 95 22.67 8.68 4.60 67 4.21 4.12 3.79 95 19.53 8.63 4.60    Note: Due to the volume of relevant information, the Table does not provide income values for  Option 2 described in the Income Provisions. Those values are available from the Company's  Customer Care Center upon request. You may contact the Company's Customer Care Center  as shown on the cover page of the Contract.    BASIS OF COMPUTATION. The 2012 Individual Annuity Mortality Period Table, with an  interest rate of 1.00% and a 0% expense load, provides the actuarial basis for the Table of  Income Options. The Table of Income Options does not include any applicable tax.  





 






  RILA295NY 4  DEFINITIONS    1-YEAR FIXED ACCOUNT OPTION. An account within the Fixed Account for allocation of  Premium or Contract Value. Premium or Contract Value can only be allocated on the Issue Date  or a subsequent Contract Anniversary.    ADVISORY FEE WITHDRAWAL. Withdrawals taken from the Contract to satisfy the Owner's  obligation to pay a financial professional directly pursuant to the Advisory Fee Withdrawal rules  specified in the Withdrawal provision.    ADVISORY FEE WITHDRAWAL PERCENTAGE. The percentage of the Contract Value used  to make an Advisory Fee Withdrawal.    The Advisory Fee Withdrawal Percentage is calculated as A divided by B for each withdrawal of  advisory fees taken, where:  A = the amount withdrawn for the advisory fee; and  B = the Contract Value at the end of the Business Day prior to the initiation of an Advisory Fee  Withdrawal.    ANNUITANT. The natural person(s) so designated on the Contract Data Pages, or by  subsequent designation, whose life determines the amount of Income Payments provided by  the Contract. References to the Annuitant include all Joint Annuitants, if applicable.    BENEFICIARY(IES). The natural person(s) or legal entity(ies) You designate as Primary or  Contingent Beneficiary(ies) to receive any death benefit provided by the Contract. The initial  Beneficiary(ies) are shown on the Contract Data Pages.    BUSINESS DAY. Any day that the New York Stock Exchange (NYSE) is open for business. The  Business Day ends when the NYSE closes for the day.    CONTRACT. The Individual Single Premium Deferred Registered Index-Linked Annuity  described herein.    CONTRACT ANNIVERSARY. The Business Day on or immediately following each one-year  anniversary of the Issue Date.    CONTRACT OPTION(S). The Contract Options for this Contract are the Fixed Account and the  Index Account.     CONTRACT VALUE. The Contract Value is equal to the sum of the Fixed Account Value and  the Index Account Value. See the Contract Option Provisions for details of how the Fixed  Account Value and Index Account Value are determined.     CONTRACT YEAR. The twelve-month period beginning on the Issue Date and on any Contract  Anniversary thereafter while the Contract remains in force. 





 






  RILA295NY 5  DEFINITIONS (CONT'D)    CREDITING METHOD. A method of calculating the Index Adjustment. See the Crediting  Method Endorsements and Supplemental Contract Data Pages for details.    CUSTOMER CARE CENTER. The Company's administrative address and telephone number  as identified on the Contract's cover page or as the Company may designate from time to time.    DUE PROOF. Evidence of death includes a certified death certificate issued by the  governmental authority for the location of the death, or other lawful evidence the Company  requires.    FIXED ACCOUNT. A Contract Option in which amounts earn a declared rate of interest for a  certain period.    FIXED ACCOUNT MINIMUM INTEREST RATE (FAMIR). The Fixed Account Minimum Interest  Rate is the minimum annual percentage at which Your money allocated to the Fixed Account  will grow. The Company uses this rate to determine the Fixed Account Minimum Value (FAMV).  The FAMIR is shown on the Contract Data Pages and is guaranteed for the life of the Contract.    FIXED ACCOUNT MINIMUM VALUE (FAMV). The FAMV is equal to all amounts allocated to  the Fixed Account (with the exception of any applicable spousal continuation adjustment), net of  applicable taxes, reduced by partial withdrawals, adjusted for any MVA, transfers, and charges  from the Fixed Account, accumulated at the FAMIR, less any tax due.    FIXED ACCOUNT OPTION. An option within the Fixed Account for allocation of Premium or  Contract Value. Each Fixed Account Option is defined by a term for which amounts earn a  declared rate of interest. The Fixed Account Options available are the 1-Year Fixed Account  Option and the Short Duration Fixed Account Option.    FIXED ACCOUNT VALUE. The Fixed Account Value is equal to:   1. the value of Premium and any amounts transferred into the Fixed Account; plus  2. interest credited daily at a rate not less than the FAMIR, as shown on the Contract Data  Pages, per annum; less  3. any gross partial withdrawals; less  4. any amounts transferred out of the Fixed Account.   The Fixed Account Value will never be less than the FAMV.    GOOD ORDER. The Company's receipt of all Premium, information, documentation, and/or  instructions the Company requires before it will issue the Contract, credit any interest, or  execute any transaction.    INCOME DATE. The date on which Income Payments are scheduled to begin as described in  the Income Provisions. The Income Date must be at least thirteen (13) months after the  Contract Issue Date. The Income Date is shown on the Contract Data Pages.    INCOME OPTION. Payment options as provided under the Income Provisions.     INDEX(ES). A benchmark used to determine the Index Adjustment, if any, for a particular Index  Account Option. See the Supplemental Contract Data Pages for the available Indexes as of the  Issue Date.   





 






  RILA295NY 6  DEFINITIONS (CONT'D)    INDEX ACCOUNT. A Contract Option in which amounts are subject to an Index Adjustment for  a specified period of time. See the Crediting Method Endorsements and Supplemental Contract  Data Pages for detailed descriptions of the Index Account Options within the Index Account.  Index Account Option availability is subject to change by the Company on a non-discriminatory  basis.    INDEX ACCOUNT OPTION. An option within the Index Account for allocation of Premium or  Contract Value. Each Index Account Option is defined by its term, Index, and Crediting Method.    INDEX ACCOUNT OPTION TERM ANNIVERSARY. The Business Day concurrent with or  immediately following the end of an Index Account Option term.    INDEX ACCOUNT VALUE. The Contract Value allocated to the Index Account. The Index  Account Value is the sum of the Index Account Option values.    INDEX ADJUSTMENT. The adjustment amount to an Index Account Option on the Index  Account Option Term Anniversary. This adjustment can be positive or negative, depending on  Index performance and Crediting Method.    INDEX ADJUSTMENT FACTOR(S). Parameters used to determine the Index Adjustment.  These parameters are specific to the applicable Crediting Method(s). See the Crediting Method  endorsements and Supplemental Contract Data Pages for additional details.    INTERIM VALUE. The quantity used to adjust the Index Account Option value for withdrawals  or an Intra-Term Performance Lock prior to the end of the Index Account Option term. The  Interim Value uses prorated Index Adjustment Factor(s) based on the elapsed portion of the  Index Account Option term. For detailed information on the Interim Value, see the Crediting  Method endorsements and the Supplemental Contract Data Pages.    INTRA-TERM PERFORMANCE LOCK. An elective transaction that allows early transfer of the  Interim Value out of an Index Account Option to the Short Duration Fixed Account Option prior  to the Index Account Option Term Anniversary. Intra-Term Performance Lock may not be  available with all Crediting Methods. See the Crediting Method Endorsements for details.    INTRA-TERM PERFORMANCE LOCK DATE. The Business Day the Interim Value is  reallocated to the Short Duration Fixed Account Option in connection with an Intra-Term  Performance Lock.    ISSUE DATE. The date the Company issued the Contract. The Issue Date is shown on the  Contract Data Pages.    JOINT ANNUITANT. Each of multiple Annuitants.    JOINT OWNER. Each of multiple Owners.  





 






  RILA295NY 7  DEFINITIONS (CONT'D)    LATEST INCOME DATE (LID). The Contract Anniversary on which You will be 95 years old, or  such date allowed by the Company on a non-discriminatory basis or required by a Qualified  Plan, law, or regulation.    MARKET VALUE ADJUSTMENT (MVA). A positive or negative adjustment to amounts You  remove from Your Contract due to withdrawals during the MVA Period. The MVA formula and  the MVA Period are shown on the Contract Data Pages.    MAXIMUM ANNUAL ADVISORY FEE WITHDRAWAL PERCENTAGE. The maximum  percentage of Contract Value that can be withdrawn pursuant to the Advisory Fee Withdrawal  rules specified in the Withdrawal provisions each Contract Year for the purpose of paying  advisory fees, as shown on the Contract Data Pages.    NON-QUALIFIED CONTRACT. A contract that is issued apart from any Qualified Plan and  therefore is not subject to the requirements of Sections 401, 403, 408, or 408A of the Internal  Revenue Code, as amended.    OWNER ("YOU," "YOUR"). The natural person(s) or legal entity(ies) that has all rights under  the Contract, and is shown on the Contract Data Pages, or by subsequent designation. In this  Contract, "You" and "Your" also mean the Owner. References to the Owner include the Joint  Owners, if applicable.    PREMIUM. Money paid into this Contract for allocation into the Contract Options.    QUALIFIED PLAN. A retirement plan which qualifies for favorable tax treatment under Sections  401, 403, 408, or 408A of the Internal Revenue Code, as amended.    REMAINING PREMIUM. Total Premium paid into the Contract reduced by withdrawals of  Premium before the withdrawal is adjusted for any MVA. This value is used solely for the  purpose of calculating the MVA.    REQUIRED MINIMUM DISTRIBUTION (RMD). For Qualified Plan contracts, the RMD is the  amount defined by the Internal Revenue Code and the implementing regulations as the  minimum distribution requirement that applies to this Contract.    SHORT DURATION FIXED ACCOUNT OPTION. A limited-purpose Fixed Account Option that  is used for Intra-Term Performance Locks and the spousal continuation adjustment. The Short  Duration Fixed Account Option cannot be independently elected.    TOTAL ADVISORY FEE WITHDRAWAL PERCENTAGE. The sum of all Advisory Fee  Withdrawal Percentages that occurred during a Contract Year.    WITHDRAWAL VALUE. The amount available upon a total withdrawal. The Withdrawal Value is  equal to the Contract Value, adjusted for any applicable MVA.    





 






  RILA295NY 8   GENERAL PROVISIONS    ANNUITANT. You may change the Annuitant at any time before the Income Date, unless the  Contract is owned by a legal entity. Unless You specify otherwise, a change of Annuitant will  take effect on the date the request is signed by You, subject to any payments the Company has  made or other actions the Company has taken before the Company receives Your request. The  Company reserves the right to limit the number of Joint Annuitants to two (2).     When the Owner is a legal entity, the Annuitant may not be changed. If the Contract is owned  by a legal entity, the Company will use the oldest Annuitant's age for all Contract purposes  unless otherwise specified in the Contract.    ASSIGNMENT. To the extent allowed by New York law, the Company may refuse consent to  any assignment at any time, on a non-discriminatory basis, if the assignment or ownership  change would result in noncompliance with any New York or federal regulation. Unless  restricted by endorsement, You may assign ownership of this Contract subject to the interests of  assignees and irrevocable Beneficiaries. The Company will only be bound by an assignment if a  request is submitted in a form acceptable to the Company and received in Good Order at the  Company's Customer Care Center. Unless You specify otherwise, an assignment will take effect  on the date the request is signed by You, subject to any payments the Company has made or  other actions the Company has taken before the Company receives Your request.     The Company assumes no responsibility for the validity or tax consequences of any  assignment. If You make an assignment, You may have to pay taxes. The Company  encourages You to seek legal and/or tax advice.    BENEFICIARY. You may change the Beneficiaries, subject to the interest of assignees and  irrevocable Beneficiaries. The Company will only be bound by a change in Beneficiary if a  request is submitted in a form acceptable to the Company, received in Good Order at the  Company's Customer Care Center. Any previously designated irrevocable Beneficiary must  consent in writing to any change in Beneficiary. Unless You specify otherwise, a change of  Beneficiary will take effect on the date the request is signed by You, subject to any payments  the Company has made or other actions the Company has taken before the Company receives  and records Your request, and while You are alive.    CONFORMITY WITH LAWS. This Contract will be interpreted under the law of the state of New  York as of the date it is issued and any applicable federal laws. Any provision that is in conflict  with New York law, or any federal law, is amended to conform to the minimum requirements of  such law. Non-conforming provisions may be enforced against the Company to the extent  provided by applicable New York or federal law.    DEFERRAL OF PAYMENTS. The Company may defer payment of Your request for a partial  and/or total withdrawal from the Contract for a period not exceeding six (6) months. Such  deferral will be made after the Company receives approval in writing by the chief insurance  regulator of the state of New York, if required. The Company will credit interest on deferred  amounts pursuant to New York law. The Company will not defer death benefit payments,  annuity payments, or payments made to comply with the RMD requirements of the Internal  Revenue Code, as applicable.    





 






  RILA295NY 9  GENERAL PROVISIONS (CONT'D)    ENTIRE CONTRACT. The Contract, attached application or supplemental application, if any,  and any attached endorsements, add-on benefits, and amendments together make up the entire  Contract between You and the Company. All statements made by, or under the authority of, the  applicant for issuance of the Contract shall be deemed representations and not warranties.    GENERAL ACCOUNT. The General Account is made up of all of Jackson's assets. The  Company exercises sole discretion over the investment of the General Account assets, and  bears the associated investment risk. You will not share in the investment experience of  General Account assets. All of the assets of the General Account are chargeable with the claims  of any of our contract owners as well as our creditors and are subject to the liabilities arising  from any of our other business.    INCONTESTABILITY. The Company will not contest this Contract from its Issue Date, as  shown on the Contract Data Pages.    MINIMUM VALUES. Any Withdrawal Values and death benefits that may be available under  this Contract are not less than the minimum benefits required by the state of New York.    MISSTATEMENT OF AGE AND/OR SEX. If Your or the Annuitant's age and/or sex is misstated  at the time the Contract's Income Payments become payable, the Company will adjust the  payments to reflect income consistent with the correct age and/or sex. Immediately upon  discovery, the Company will adjust the next payment due as a credit or charge, as appropriate,  for any underpayments or overpayments using the Interest Rate for Adjustments Due to  Misstatement of Age or Sex shown on the Contract Data Pages.    MODIFICATION OF CONTRACT. No financial professional has authority to change or waive  any of this Contract's provisions. No change to or waiver of this Contract's terms is valid unless  in writing and signed by the Company's President, Vice President, Secretary or Assistant  Secretary and approved by the New York Department of Financial Services prior to use. Your  written consent will be obtained prior to changing any terms and conditions of the Contract in a  manner that diminishes Your rights and/or benefits under the Contract.    NONPARTICIPATING. This Contract is nonparticipating and does not share in the Company's  surplus or earnings.  





 






  RILA295NY 10  GENERAL PROVISIONS (CONT'D)    OWNER. To the extent allowed by New York law, the Company may refuse consent to an  ownership change at any time, on a non-discriminatory basis, if the ownership change would  result in noncompliance with any New York or federal regulation. Unless restricted by  endorsement, or federal tax law, You may change the Owner or the Joint Owner. The Company  will use the oldest Owner's age for all Contract purposes unless otherwise specified in the  Contract. The Company will only be bound by a change of ownership if submitted in a form  acceptable to the Company and received in Good Order at the Company's Customer Care  Center. No person whose age exceeds the maximum issue age in effect for this Contract as of  the Issue Date may become a new Owner. Unless You specify otherwise, a change of  ownership will take effect on the date the request is signed by You, subject to any payments the  Company has made or other actions the Company has taken before the Company receives  Your request. Joint Owners have equal ownership rights; therefore, each Owner must authorize  any exercise of Contract rights unless the Joint Owners instruct the Company in writing to act  upon authorization of an individual Joint Owner. The maximum number of Joint Owners allowed  is two (2).     If the Owner is a natural person, then the Owner is the life the death benefit is based on. For  Contracts issued to Joint Owners, the death benefit is based on the first Joint Owner to die. If  the Owner is a legal entity, a Joint Owner is not permitted and the Annuitant is the life the death  benefit is based on. If the Owner is a legal entity and there are Joint Annuitants, the death  benefit is based on the first Joint Annuitant to die.    The Company assumes no responsibility for the validity or tax consequences of any  ownership change. If You make an ownership change, You may have to pay taxes. The  Company encourages You to seek legal and/or tax advice.    PROOF OF AGE, SEX AND/OR SURVIVAL. The Company may require proof of age and/or  sex, satisfactory to the Company, at any time. If any payment required by this Contract depends  on a living Annuitant, Owner, or Beneficiary, the Company may require proof of that person's  survival, satisfactory to the Company.    PROTECTION OF PROCEEDS. A Beneficiary may not assign Contract proceeds before the  proceeds are payable to such Beneficiary. Contract proceeds are not subject to the claims of  creditors or to legal process unless required by New York law.      





 






  RILA295NY 11  GENERAL PROVISIONS (CONT'D)    REPORTS. The Company will send a report to Your last address in the Company's records at  least annually before the Income Date. In the case of Joint Owners, the Company will send  reports only to the address of the first Owner listed on the Contract Data Pages. If You have  elected electronic delivery, a report may be provided in the form of an email to Your last email  address in the Company's records, or a notice to You of a document's availability on the  Company's website. Each report will provide at least the following information:  1. the dates that begin and end the reporting period;   2. the Contract Value at the beginning and at the end of the current reporting period prior to the  application of any MVA;  3. the Withdrawal Value at the end of the reporting period;   4. the MVA amount the Company used to determine the Withdrawal Value;   5. the amounts the Company has credited to and deducted from the Contract Value during the  reporting period;  6. the death benefit at the end of the reporting period; and  7. any other information New York and federal law require.     You may receive copies of reports the Company provides upon request at no additional charge  by contacting the Company's Customer Care Center as shown on the cover page of the  Contract.    You will receive a confirmation statement for certain transactions at the time they occur.    SEPARATE ACCOUNT. The Company holds certain investments supporting the assets  allocated to the Index Account in a non-insulated, non-unitized Separate Account. The Separate  Account is established pursuant to the applicable law solely for the purpose of supporting  obligations under the Contract. You do not directly participate in the performance of assets held  in the Separate Account and do not have any direct claim on them. Assets of the Separate  Account are chargeable with the claims of any of the Company's contract owners as well as the  Company's creditors and are subject to the liabilities arising out of any other business the  Company conducts. The Separate Account is not registered under the Investment Company Act  of 1940. The name of the Separate Account is shown on the Contract Data Pages.    TAXES. This Contract is intended to be treated as an annuity contract for federal income tax  purposes. Accordingly, for all Non-Qualified Contracts all provisions of this Contract shall be  interpreted and administered in accordance with the requirements of Section 72(s) of the  Internal Revenue Code. The Company will deduct any taxes attributed to the Contract and  payable to the state of New York or other government entity from the Contract Value as they are  incurred. The Company reserves the right to deduct any amounts the Company might advance  to pay taxes from the Contract Value. The Company will withhold taxes required by law from  any amounts payable from this Contract. 





 






  RILA295NY 12  GENERAL PROVISIONS (CONT'D)    WRITTEN NOTICE. Written information or instructions You intend to give the Company must be  in Good Order and delivered to the Company's Customer Care Center in a format currently  accepted by the Company, unless the Company advises You otherwise. A notice relating to  Owner, Beneficiary designation or assignment changes shall take effect on the date the request  is signed by You, subject to any payments the Company has made or other actions the  Company has taken before the Company receives the request. Otherwise, instructions included  in a Written Notice will take effect on the date the Company receives the notice at the  Company's Customer Care Center.    The Company will deliver any notice or communication to Your last known address in the  Company's records unless You request otherwise in writing. If You have elected electronic  delivery, communication may be provided in the form of an email to Your last email address in  the Company's records, or a notice to You of a document's availability on the Company's  website. You are responsible for notifying the Company of any address change, email address  change, or any error in a Company notice sent to You. In the case of Joint Owners, the  Company will send notices and other communications to the address of the first Owner listed on  the Contract Data Pages.      





 






  RILA295NY 13   CONTRACT OPTION PROVISIONS    The Contract contains two (2) types of Contract Options: Fixed Account and Index Account.    Upon Good Order, all Premium will be allocated to the Contract Options as elected on the  application. No Premium will be accepted after the Issue Date.    FIXED ACCOUNT OPTIONS.    1-Year Fixed Account Option. The 1-Year Fixed Account Option is an annually renewable fixed  account. The Company will credit interest to amounts allocated to the 1-Year Fixed Account  Option. Such initial and renewal interest will be credited at such rate(s) as the Company  prospectively declares on a periodic basis, at the sole discretion of the Company for contracts  with the same Issue Date. On each Contract Anniversary the interest rate for the 1-Year Fixed  Account Option is subject to change. In no event will the interest rate credited by the Company to  the 1-Year Fixed Account Option be less than the FAMIR, as shown on the Contract Data Pages,  per annum.    Short Duration Fixed Account Option. The Short Duration Fixed Account Option is a limited  purpose Fixed Account Option used only for Intra-Term Performance Lock amounts and spousal  continuation adjustment amounts. The interest rate credited to amounts in the Short Duration  Fixed Account Option is the rate currently declared for the Short Duration Fixed Account Option.  The interest rate is guaranteed until the next Contract Anniversary. In no event will the interest  rate credited by the Company to the Short Duration Fixed Account Option be less than the  FAMIR, as shown on the Contract Data Pages, per annum.    On each Contract Anniversary, any Fixed Account Value in the Short Duration Fixed Account  Option will be automatically transferred out of the Short Duration Fixed Account Option. If no  other instructions are provided by the Owner, Short Duration Fixed Account Option value from an  Intra-Term Performance Lock, including interest, will be allocated to a new Index Account Option  with the same Index Account Option term, Index, Crediting Method, and negative Index  Adjustment protection as the Index Account Option the Intra-Term Performance Lock was  executed on, if it is available and does not extend beyond the LID. If no other instructions are  provided by the Owner, Short Duration Fixed Account Option value from a spousal continuation  adjustment will be reallocated to the 1-Year Fixed Account Option.    Fixed Account Value. The Fixed Account Value is equal to (1) the value of Premium and any  amounts transferred into the Fixed Account Option(s); (2) plus interest credited daily at a rate not  less than the FAMIR, as shown on the Contract Data Pages, per annum; (3) less any gross  partial withdrawals; (4) less any amounts transferred out of the Fixed Account Option(s). The  Fixed Account Value will never be less than the FAMV.    INDEX ACCOUNT OPTIONS. An option within the Index Account for allocation of Contract  Value, defined by term, Index, and Crediting Method. The terms, Indexes, and Crediting Methods  available as of the Issue Date are shown on the Supplemental Contract Data Pages. Availability  of terms, Indexes, and Crediting Methods are subject to change at the sole discretion of the  Company on a non-discriminatory basis. 





 






  RILA295NY 14  CONTRACT OPTION PROVISIONS (CONT'D)    Index Account Value. The Index Account Value is equal to the sum of the Index Account Option  values.    The Index Account Option value at the beginning of the Index Account Option term is equal to the  amount allocated or transferred to the Index Account Option less the amount transferred out of  the Index Account Option.    During the Index Account Option term, the Index Account Option value is equal to the Interim  Value. The Interim Value is the greater of the Index Account Option value at the beginning of the  term reduced for any Intra-Term Performance Locks and withdrawals from the Index Account  Option during the Index Account Option term, including any MVA, in the same proportion as the  Interim Value was reduced on the date of the Intra-Term Performance Lock or withdrawal, plus  the Index Adjustment subject to prorated Index Adjustment Factor(s), or zero. Additional detail on  Index Adjustment Factor(s) can be found in the Crediting Method endorsements and  Supplemental Contract Data Pages.    On the Index Account Option Term Anniversary, the Index Account Option value is equal to the  greater of the Index Account Option value at the beginning of the Index Account Option term,  reduced for any Intra-Term Performance Lock and withdrawals from the Index Account Option  during the Index Account Option term, including any MVA, in the same proportion as the Interim  Value was reduced on the date of the Intra-Term Performance Lock or withdrawal, plus the Index  Adjustment subject to Index Adjustment Factor(s), or zero. Additional detail on Index Adjustment  Factor(s) can be found in the Crediting Method endorsements and Supplemental Contract Data  Pages.    TRANSFERS. Transfers may only occur on the Contract Anniversary, when transferring out of  the Fixed Account Option(s), and on the Index Account Option Term Anniversary when  transferring out of an Index Account Option. You will be sent a notice thirty (30) days prior to the  Contract Anniversary and/or Index Account Option Term Anniversary. The notice will advise You  of how You may obtain information on the Contract Options and current rates available to You.  You may request a transfer to or from the 1-Year Fixed Account Option and to or from the Index  Account Option(s). You may also request transfers among the available Index Account Options  within the Index Account. A request for a transfer must be received in Good Order at the  Company's Customer Care Center prior to the Contract Anniversary or Index Account Option  Term Anniversary, as applicable.     If no transfer request is received on or prior to the Contract Anniversary, the 1-Year Fixed  Account Option value will remain in the 1-Year Fixed Account Option.    





 






  RILA295NY 15  CONTRACT OPTION PROVISIONS (CONT'D)    If no transfer request is received on or prior to the Index Account Option Term Anniversary, the  Index Account Option value(s) will be reallocated as follows:  1. if the same Index Account Option term with the same Index, Crediting Method, and negative  Index Adjustment protection is available at the time and does not extend beyond the LID,  the Company will renew the Index Account Option into the same Index Account Option term  with the same Index, Crediting Method, and downside protection;  2. if the same Index Account Option term with the same Index, Crediting Method, and negative  Index Adjustment protection is available at the time but extends beyond the LID, the  Company will select the available Index Account Option term with the same Index, Crediting  Method, and downside protection that ends closest to but before the LID;  3. if the same Index Account Option term is not available at the time but would not extend  beyond the LID were it available, the Company will select the available Index Account  Option term with the period closest to but less than the Index Account Option term that just  ended with the same Index and Crediting Method as well as the closest equal or greater  downside protection available for that term.    If the Crediting Method or Index is no longer available as of the Index Account Option Term  Anniversary, the Index Account Option value(s) will be reallocated to the 1-Year Fixed Account  Option.    Transfers into the Short Duration Fixed Account Option are only allowed in connection with an  Intra-Term Performance Lock.    Transfers from an Index Account Option in connection with an Intra-Term Performance Lock  may occur at any time, see Intra-Term Performance Lock for details.    Unless specified otherwise, transfers on a Contract Anniversary will be taken from the Index  Account Option(s) that have reached their Index Account Option Term Anniversary and the  Fixed Account Option(s) in proportion to their current value. The Company reserves the right to  restrict or prohibit transfers from the 1-Year Fixed Account Option to the Index Account Option  on a non-discriminatory basis, at any time.    Transfers from a Fixed Account Option will reduce the Fixed Account Value by the transfer  amount requested. Transfers into a 1-Year Fixed Account Option will increase the 1-Year Fixed  Account Option value by the transfer amount requested. Transfers from an Index Account  Option will reduce the Index Account Option value by the transfer amount requested. Transfers  into an Index Account Option will increase the Index Account Option value by the transfer  amount requested.    The Company may restrict transfers to an Index Account Option(s) at any time, on a non- discriminatory basis, if the yield on investment or cost of hedging would not support the  minimum guarantees of the Index Account Option(s). However, at least one (1) Index Account  Option will always remain available for allocation. Should the Company impose such  restrictions, the Company will give at least thirty (30) days advance notice to You. The Company  will also provide Written Notice when such restrictions no longer exist.    If the Company restricts or discontinues an Index Account Option(s), all transfers or withdrawals  will be at least equal to the Contract Value without being subject to an MVA.  





 






  RILA295NY 16  CONTRACT OPTION PROVISIONS (CONT'D)    Intra-Term Performance Lock. Prior to the Index Account Option Term Anniversary, You may  elect to transfer the Interim Value of an Index Account Option into the Short Duration Fixed  Account Option by requesting an Intra-Term Performance Lock subject to the following:  1. To execute an Intra-Term Performance Lock, the Owner must specify the Crediting Method,  Index, Index Account Option term, and Index Adjustment Factor(s) of the Index Account  Option(s) from which to execute the Intra-Term Performance Lock. Intra-Term Performance  Lock may not be available with all Crediting Methods. See the Crediting Method  Endorsements for details;  2. All Interim Value with the specified combination of Crediting Method, Index, Index Account  Option term, and Index Adjustment Factor(s) will be subject to the Intra-Term Performance  Lock. Partial Intra-Term Performance Locks for a given Crediting Method, Index, Index  Account Option term, and Index Adjustment Factor(s) will not be allowed.    The Interim Value transferred to the Short Duration Fixed Account Option will be equal to the  Interim Value at the end of the Business Day the request is received in Good Order at the  Company's Customer Care Center. The entire Interim Value of the Index Account Option  subject to the Intra-Term Performance Lock will be transferred to the Short Duration Fixed  Account Option on the Intra-Term Performance Lock Date and will receive the current interest  rate declared for amounts in the Short Duration Fixed Account Option as of the Intra-Term  Performance Lock Date. This interest rate will be guaranteed until the next Contract  Anniversary.    The amounts subject to the Intra-Term Performance Lock will remain in the Short Duration  Fixed Account Option until the next Contract Anniversary, at which time the Owner can  reallocate to any available Contract Option. If no other instructions are provided by the Owner,  the Short Duration Fixed Account Option value from an Intra-Term Performance Lock, including  interest, will be allocated to a new Index Account Option with the same Index Account Option  term, Index, Crediting Method, and negative Index Adjustment protection as the Index Account  Option the Intra-Term Performance Lock was executed on, if it is available and does not extend  beyond the LID.    Periodic Reallocation Programs. The Company may provide programs that allow You to  systematically transfer amounts between the Contract Options. These programs may include  rebalancing and the automatic transfer of positive Index Adjustments from the Index Account  Options to the 1-Year Fixed Account Option. You may contact the Company's Customer Care  Center to obtain materials and forms that describe, and are required to participate in, these  programs. The Company makes no guarantee that these programs will result in a profit or  protect against loss.  





 






  RILA295NY 17  WITHDRAWAL PROVISIONS    On or before the Income Date, You may request a total or partial withdrawal of the Contract  Value by submitting a request to the Company's Customer Care Center in a form acceptable to  the Company.    The withdrawal will be processed after a withdrawal request is received at the Company's  Customer Care Center in Good Order. If a total withdrawal is requested, You must submit the  Contract to the Company's Customer Care Center with the withdrawal request.    No withdrawal may exceed the Withdrawal Value.    TOTAL WITHDRAWAL. During the MVA Period, the Withdrawal Value for a total withdrawal  from the Contract is equal to the Contract Value adjusted for any applicable MVA. After the  expiration of the MVA Period, the Withdrawal Value for a total withdrawal from the Contract is  equal to Contract Value. A total withdrawal terminates Your Contract.    In no event will a total withdrawal from the Fixed Account be less than the FAMV.    PARTIAL WITHDRAWAL. Any partial withdrawal may be subject to an MVA. At least the  Minimum Contract Value remaining after a partial withdrawal, as shown on the Contract Data  Pages, must remain after any partial withdrawal. Unless You request otherwise, a gross partial  withdrawal will be deducted from the Fixed Account Option(s) and the Index Account Option(s)  in proportion to their current values. The gross partial withdrawal will be adjusted for any  applicable MVA.     If the gross amount of the partial withdrawal would reduce the Contract Value below the  Minimum Contract Value remaining after a partial withdrawal, as shown on the Contract Data  Pages, the Company will treat the withdrawal request as a total withdrawal and the Withdrawal  Value will be paid.    The amount payable as a result of the partial withdrawal will be determined at the end of the  Business Day on which the Company receives Your request for withdrawal in Good Order at the  Company's Customer Care Center.     Partial Withdrawals will reduce each Index Account Option's value at the beginning of the term  in the same proportion that its Interim Value was reduced on the date of the withdrawal.     Any overpayments made by the Company to You in error must be returned within thirty (30)  days from the date You are notified of the overpayment, or the Company will reduce Your  Contract Value for the amount of the overpayment. If the overpayment exceeds the Contract  Value, You are responsible for returning the remaining portion of the overpayment to the  Company.  





 






  RILA295NY 18  WITHDRAWAL PROVISIONS (CONT'D)    ADVISORY FEE WITHDRAWALS. Advisory Fee Withdrawals are withdrawals from the  Contract for the purpose of paying an advisory fee to Your financial professional subject to the  following rules:     1. You must provide written authorization to the Company authorizing us to accept and  execute instructions from your third party financial professional to make withdrawals from  Your Contract to pay advisory fees pursuant to a written agreement between You and Your  third party financial professional;  2. The Total Advisory Fee Withdrawal Percentage will not be allowed to exceed the Maximum  Annual Advisory Fee Withdrawal Percentage, as shown on the Contract Data Pages. The  Total Advisory Fee Withdrawal Percentage will be calculated as the sum of all Advisory Fee  Withdrawal Percentages that occurred during a Contract Year.  3. Advisory Fee Withdrawals will always reduce the Contract Value.  4. Advisory Fee Withdrawals will only be allowed if the withdrawal does not bring the Contract  Value below the Minimum Contract Value remaining after a partial withdrawal, as shown on  the Contract Data Pages.  5. You may terminate authorization for the direct deduction of advisory fees under this  provision at any time by providing us with written notice of such termination.    QUALIFIED PLAN CONTRACT REQUIRED MINIMUM DISTRIBUTIONS. Qualified Plan  Contract RMDs are based upon Your Contract Value, the value of any add-on benefits as  calculated by the Company, and applicable federal tax law requirements. You may request a  withdrawal for an RMD by submitting a written request to the Customer Care Center on a  Company provided form.    The Company will waive any MVA if the gross amount withdrawn does not exceed the  Contract's RMD amount, as determined by the Company. However, if a gross withdrawal  amount is greater than the Contract's RMD amount, as determined by the Company, the excess  amount of the gross partial withdrawal is subject to an MVA.    AUTOMATIC WITHDRAWAL. You may elect to take an automatic withdrawal by withdrawing a  specific sum or a certain percentage of the Contract Value on a monthly, quarterly, semiannual,  or annual basis, subject to the Minimum Partial Withdrawal amount made as a scheduled part of  an automatic withdrawal program, as shown on the Contract Data Pages. Automatic  withdrawals are treated as partial withdrawals and will be counted in determining the amount  taken as an MVA Free Withdrawal in any Contract Year. Automatic withdrawals in excess of the  MVA Free Withdrawal amount may be subject to an MVA. Automatic withdrawals cease on the  Income Date.  





 






  RILA295NY 19  WITHDRAWAL PROVISIONS (CONT'D)    MVA FREE WITHDRAWAL. During each Contract Year, You may make partial withdrawals  from the Contract without incurring an MVA. The amount of MVA Free Withdrawal available in  any Contract Year is equal to the greater of:  1. any applicable RMD less earnings; or  2. the total of:  a. the MVA Free Withdrawal Percentage, as shown on the Contract Data Pages, multiplied  by the Remaining Premium at the beginning of the Contract Year that is subject to an  MVA, less  b. earnings; or   3. zero.    Earnings is defined in the MVA provision of this Contract.    The MVA Free Withdrawal can be taken as a single withdrawal or multiple withdrawals  throughout the Contract Year. The amount of Your MVA Free Withdrawal available will vary  throughout the Contract Year depending on previous withdrawals of Your MVA Free Withdrawal  amount, previous withdrawals of earnings, and the amount of earnings present at the time of the  withdrawal. The amount of Your MVA Free Withdrawal available may reduce due to applicable  withdrawals during the Contract Year. Advisory Fee Withdrawals will not reduce the MVA Free  Withdrawal amount.    Any amount withdrawn to satisfy an RMD may reduce the amount of Your MVA Free  Withdrawal available.    MVA Free Withdrawals are subject to the provisions of Partial Withdrawals and Total  Withdrawals.    Amounts withdrawn under the MVA Free Withdrawal provision reduce the Contract Value and  may reduce Remaining Premium.    Withdrawals during the Contract Year in excess of the MVA Free Withdrawal may be subject to  any applicable MVA.   





 






  RILA295NY 20  DEATH BENEFIT PROVISIONS    NATURAL OWNER'S DEATH BEFORE THE INCOME DATE. Upon Your death or the death of  any Joint Owner before the Income Date, the Company will pay the death benefit to the  Beneficiary(ies) designated by You, subject to the following:  1. On jointly owned Contracts, upon the death of the first Joint Owner, the surviving Joint  Owner becomes the Primary Beneficiary. If the surviving Joint Owner dies prior to the  Income Date and prior to submitting a claim form in Good Order, any remaining death  benefit will be paid to the Beneficiary(ies) in accordance with the last Beneficiary designation  received by the Company in Good Order before the last Joint Owner's death;  2. On all Contracts, if no Beneficiary designation is in effect, or the designated Beneficiary(ies)  have not survived the Owner, or both Joint Owners in the case of a jointly owned Contract,  the death benefit shall be paid to the Owner's estate, or the estate of the last Joint Owner to  die in the case of a jointly owned Contract.    ANNUITANT'S DEATH BEFORE THE INCOME DATE. Upon the death of an Annuitant who is  not an Owner before the Income Date, the Contract remains in force and the Owner becomes  the Annuitant. The Owner may designate a new Annuitant, subject to the Company's  administrative rules then in effect. No death benefit is payable on the death of an Annuitant who  is not also an Owner.     However, if the Contract is owned by a legal entity, the death of the Annuitant (in the case of  Joint Annuitants, the death of the first Annuitant) is treated as the death of the Owner for  purposes of these Death Benefit Provisions, and the Company will pay the death benefit to the  Beneficiary(ies) designated by the Owner, or, if no Beneficiary(ies) survive the applicable death,  to the Owner.     DEATH BENEFIT AMOUNT BEFORE THE INCOME DATE. The death benefit amount before  the Income Date is equal to the greater of:  1. the current Contract Value; or  2. Premium paid into the Contract, less any applicable taxes, adjusted for any withdrawals  (including any applicable charges and adjustments for such withdrawals) incurred since the  issuance of the Contract. All adjustments will occur at the time of the withdrawal. All  adjustments for amounts withdrawn will reduce this item in the same proportion that the  Contract Value was reduced on the date of such withdrawal.        





 






  RILA295NY 21  DEATH BENEFIT PROVISIONS (CONT'D)    DEATH BENEFIT PAYMENT OPTIONS BEFORE THE INCOME DATE. Unless You  designated a Pre-selected Death Benefit Option, a Beneficiary entitled to the death benefit  before the Income Date must request that the Company pay the death benefit according to one  of the death benefit options below, or, if eligible, to continue the Contract under the Spousal  Continuation Option Instead of Death Benefit provision:    Option 1 - single lump-sum payment, paid immediately upon the Company's receipt of Due    Proof of the relevant death and a claim form in Good Order;  Option 2 - payment of the entire death benefit distributed within five (5) years of the date of the   relevant death; or  Option 3 - Income Payments of the death benefit with distributions beginning within one (1) year   of the date of the relevant death:  (i) over the lifetime of the Beneficiary; or  (ii) over a period not extending beyond the life expectancy of the Beneficiary.    The Company may make available other death benefit payment options.    A Beneficiary that wishes to elect payment under Option 3 must do so no later than sixty (60)  days from the date the Company receives Due Proof of death in Good Order at the Company's  Customer Care Center.    Any portion of the death benefit not applied under Option 3 must be paid within five (5) years  from the relevant death. The death benefit will remain invested in accordance with the allocation  selected by You until a Death Benefit Option is selected or the Beneficiary specifies otherwise.    DEATH BENEFIT PAYMENT OPTIONS FOR QUALIFIED PLANS. For Qualified Plans, the  death benefit payment options may be limited under the terms of the plan endorsement in order  to qualify under the Internal Revenue Code.    BENEFICIARY'S ENTITLEMENT TO DEATH BENEFIT BEFORE THE INCOME DATE. The  Company will pay the death benefit to Primary Beneficiaries or, if none exist, to Contingent  Beneficiaries, in equal shares (the "default allocation") unless You have designated otherwise  (the "designated allocation"). A Beneficiary that dies before or within ten (10) days (or different  period as prescribed by New York law) of Your death is not entitled to any death benefit. In that  circumstance, the Company will pay the deceased Beneficiary's share of the death benefit to  surviving Beneficiaries in the same proportion as the designated allocation or, if applicable, the  default allocation. A Contingent Beneficiary has no rights unless the Contingent Beneficiary  survives all Primary Beneficiaries who would have been entitled to receive payments under the  Contract had they survived. If no Beneficiary survives You, the Company will pay the death  benefit to Your estate. 





 






  RILA295NY 22  DEATH BENEFIT PROVISIONS (CONT'D)    PAYMENT OF DEATH BENEFIT. The death benefit will be determined at the time the  Company has received the first Due Proof of the relevant death and a claim form in Good Order  from a Beneficiary. The Company will pay the death benefit to the Beneficiary upon receipt of a  request for payment with Due Proof of the relevant death in Good Order at the Company's  Customer Care Center. If the Company has received Due Proof of death, the Company will  calculate the share of the death benefit due to a Beneficiary using Contract values established  at the end of the Business Day on the date the Company receives a claim form with a payment  option elected from that Beneficiary. If the Company has not received Due Proof of death or any  other required documentation, the Company will calculate the share of the death benefit due to  a Beneficiary using Contract values established at the end of the Business Day on the date the  Company receives any remaining required documentation. Index Adjustments may cause the  calculation of a Beneficiary's death benefit share to differ from the calculation of another  Beneficiary's death benefit share.     Each Beneficiary entitled to the death benefit bears the investment risk associated with amounts  allocated to any Index Account Option until the Company receives that Beneficiary's claim form  in Good Order at the Company's Customer Care Center and calculates their share of the death  benefit.    If any death benefit is due to an Owner's estate, the Company will pay the benefit in a single  lump-sum payment.     Payment to a Beneficiary in a single lump-sum will include interest on the death benefit at a rate  required by New York state law, from the date the Company receives the Due Proof of death  and a claim form in Good Order until the date the death benefit is paid.    The Company will pay the death benefit, including any interest, in accordance with New York  laws and regulations governing death benefit payments and in accordance with the Company's  administrative procedures.  





 






  RILA295NY 23  DEATH BENEFIT PROVISIONS (CONT'D)    Spousal Continuation Option Instead of Death Benefit. Unless the Contract is subject to a  Pre-selected Death Benefit Option, a Joint Owner or sole Beneficiary who is the surviving  spouse of the deceased Owner has the option to continue the Contract in his or her own name  at an adjusted Contract Value as described below and exercise the Owner's rights under the  Contract instead of taking the standard death benefit.    The Spousal Continuation Option may be elected only if the Company receives the surviving  spouse's claim form electing the option and Due Proof of the relevant death in Good Order, at  the Company's Customer Care Center while the surviving spouse is alive. The "continuation  date" is the date on which the Company receives such claim form and Due Proof of death.    If the Contract Value on the continuation date is less than the death benefit, the Contract Value  will be increased by the difference. This increase is referred to as the spousal continuation  adjustment. The Company will allocate the spousal continuation adjustment to the Short  Duration Fixed Account Option until the next Contract Anniversary. The spousal continuation  adjustment will have no effect on the FAMV. The MVA will continue with the same period as  prior to the original Owner's death.    For purposes of determining the future death benefits for the surviving spouse under the  continuing Contract, the Contract Value following the application of any spousal continuation  adjustment will be considered the initial Premium of the continuing Contract.    The Spousal Continuation Option is not available on or after the Income Date, nor where the  original Contract Owner is no longer the Contract Owner, the Contract has been assigned, or  You designated a Pre-selected Death Benefit Option. The Spousal Continuation Option may be  elected only once.    Pre-selected Death Benefit Option. Before the Income Date, You may designate the option  according to which the Company will pay the death benefit from the death benefit payment  options described in the Contract, or other death benefit options made available by the  Company. You may do so by submitting a designation in a form acceptable to the Company in  Good Order to the Company's Customer Care Center. Pre-selected Death Benefit Options will  take effect on the date the request is signed by You, subject to any payments the Company has  made or other actions the Company has taken before the Company received Your request. The  Company will pay the death benefit consistent with Your Pre-selected Death Benefit Option  unless the Internal Revenue Code requires otherwise, or Your election requires payment over a  period that exceeds the Beneficiary's life expectancy.    Only You may revoke or change a Pre-selected Death Benefit Option. To do so, You must  submit a request in a form acceptable to the Company to the Company's Customer Care  Center. Unless You specify otherwise, revocations of and changes to a Pre-selected Death  Benefit Option will take effect on the date the request is signed by You, subject to any payments  the Company has made or other actions the Company has taken before the Company received  Your request.  





 






  RILA295NY 24  INCOME PROVISIONS    INCOME DATE. Income Payments begin on the Income Date. The Income Date must be at  least thirteen (13) months after the Contract Issue Date. If You do not select an Income Date,  the Income Date is the LID. You may change the Income Date by submitting Written Notice in  Good Order to the Company's Customer Care Center at least seven (7) days before the current  Income Date. The LID may be changed to a later date upon request, if the Company agrees to  the change in writing. Requests to extend the LID must be submitted in writing and received by  the Company's Customer Care Center at least seven (7) days before the current LID.    INCOME PAYMENT. On or before the Income Date, You may elect payment in a single lump- sum. A single lump-sum payment is considered a total withdrawal and terminates the Contract.  The Company will make payment to You or another payee You specify. Alternatively, You may  elect an Income Option to begin on the Income Date. The Company will apply the Contract  Value, less applicable taxes, to provide You income according to Your selected Income Option.    INCOME OPTIONS. You may elect payment as provided in Options 1, 2, 3, or 4 below. You  may elect an Income Option up to thirty (30) days before the Income Date by submitting Written  Notice in Good Order to the Company's Customer Care Center. The Company will make  payment to You or another payee You specify.    If You do not select an Income Option the Company will make payments as provided in Option 3  below, with 120 months certain. The Company will make payments monthly, quarterly,  semiannually, or annually as You elect. However, if the Contract Value on the Income Date is  less than $2,000, the Company may pay out the Contract Value in one (1) lump-sum payment  instead of providing Income Payments according to the Income Option You elect. The single  lump-sum payment will not be less than the amount which would have been applied under an  Income Option on the Income Date. If the first monthly payment provided would be less than  $20, the Company may make payments quarterly, semiannually, or annually to achieve an initial  payment of at least $20, or the Company may pay out the Contract Value in one (1) single lump- sum payment.    At the time of their commencement, Income Payments will not be less than those that would be  provided by the application of an equivalent amount to purchase a single premium immediate  annuity contract from the Company at purchase rates the Company offered on the Income Date  to annuitants in the same class as the Annuitant.    The amount applied to an Income Option will not be less than the greater of the Withdrawal  Value or 95% of the Contract Value.    YOU MAY NOT TAKE WITHDRAWALS DURING ANY PERIOD THE COMPANY IS MAKING  PAYMENTS FOR AN ANNUITANT'S LIFETIME.    OPTION 1 - LIFE INCOME. A monthly payment for the Annuitant's lifetime. All payments end  upon the Annuitant's death. However, in the event of the Annuitant's death before the first  monthly payment, the Company will pay the amount allocated to this Income Option to You or, if  You are deceased, to Your Beneficiary. 





 






  RILA295NY 25  INCOME PROVISIONS (CONT'D)    OPTION 2 - JOINT AND SURVIVOR INCOME. A monthly payment for the longer of the  Annuitant's lifetime or that of a Joint Annuitant. Upon the occasion of the first person to die,  monthly payments continue during the survivor's lifetime at either the full amount previously  payable or as a percentage (either one-half or two-thirds) of the full amount, as You select at the  time You elect the Income Option.    All payments end upon the death of the last surviving Annuitant. However, in the event of the  deaths of the Annuitant and Joint Annuitant before the first monthly payment, the Company will  pay the amount allocated to this Income Option to You or, if You are deceased, Your  Beneficiary.    OPTION 3 - LIFE INCOME WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED.  A monthly payment for the Annuitant's lifetime with the guarantee that the Company will make at  least 120 or 240 monthly payments, whichever You elect, to You. If the Owner is an entity, at  the Annuitant's death, if fewer than the guaranteed number of payments have been made, the  remaining guaranteed payments will be made to the Owner as previously scheduled. If the  Owner is the Annuitant, in the event You die before the Company makes the specified number  of guaranteed payments, the Income Payments will be made to Your Beneficiary according to  the terms of this Contract unless the Beneficiary elects to receive the present value of any  remaining guaranteed payments in a single lump-sum payment. The present value of any  remaining guaranteed payments will be based on the total Income Payments as of the date of  the calculation. The Company will determine the interest rate used in this present value  calculation, but in no instance will it be greater than one (1) percentage point higher than the  rate used to calculate the initial Income Payment.    OPTION 4 - INCOME FOR A SPECIFIED PERIOD. A monthly payment for any whole number  of years ranging from 5 to 30. In the event You die before the Company makes the specified  number of payments, the Income Payments will be made to Your Beneficiary according to the  terms of this Contract unless the Beneficiary elects to receive the present value of any  remaining guaranteed payments in a single lump-sum payment. The present value of any  remaining guaranteed payments will be based on the total Income Payments as of the date of  the calculation. The Company will determine the interest rate used in this present value  calculation, but in no instance will it be greater than one (1) percentage point higher than the  rate used to calculate the initial Income Payment.    ADDITIONAL INCOME OPTIONS. The Company may make available other Income Options. 





 






  RILA295NY 26  INCOME PROVISIONS (CONT'D)    OWNER'S DEATH ON OR AFTER THE INCOME DATE. If any Owner who is not also an  Annuitant dies on or after the Income Date, any remaining Income Payments due will continue  at least as rapidly as the payment method in effect as of the date of the Owner's death. After the  death of the last surviving Joint Owner on or after the Income Date, any remaining Income  Payments will be paid to the Beneficiary.    DEATH BENEFIT AMOUNT ON THE LATEST INCOME DATE. If the Income Date is the  Latest Income Date and any Owner dies on or after the Income Date, the death benefit amount  is equal to the greater of zero or:    1. Premium paid into the Contract, less any applicable taxes, adjusted for any withdrawals  (including any applicable charges and adjustments for such withdrawals) incurred since the  issuance of the Contract through the LID. All adjustments will occur at the time of the  withdrawal. All adjustments for amounts withdrawn will reduce this item in the same portion  that the Contract Value was reduced on the date of such withdrawal; less  2. the Contract Value on the LID.  The death benefit amount will be paid at least as rapidly as the payment method in effect as of  the Owner's death.    ANNUITANT'S DEATH ON OR AFTER THE INCOME DATE. Upon the death of the Annuitant  (and Joint Annuitant, if applicable) on or after the Income Date, the death benefit, if any, will be  as specified in the Income Option in effect. Any life-contingent Income Payments cease on the  death of the Annuitant (and Joint Annuitant, if applicable). Any amounts due after an Annuitant's  death will continue to be paid at least as rapidly as the payment method in effect as of the date  of the Annuitant's death.    BENEFICIARY'S ENTITLEMENT TO INCOME PAYMENTS AFTER THE INCOME DATE.  Upon the death of any Owner, the Company will pay any remaining Income Payments due to  Primary Beneficiaries or, if none exist, to the Contingent Beneficiaries, in equal shares (the  "default allocation") unless You have designated otherwise (the "designated allocation"). A  Beneficiary that dies before or within ten (10) days (or different period as prescribed by  applicable law) of Your death is not entitled to remaining Income Payments due; in that  circumstance, the Company will pay any remaining Income Payments due the deceased  Beneficiary to surviving Beneficiaries in the same proportion as the designated allocation or, if  applicable, the default allocation. A Contingent Beneficiary has no rights unless the Contingent  Beneficiary survives all Primary Beneficiaries who would have been entitled to receive  payments under the Contract had they survived. If no Beneficiary survives You, the Company  will pay remaining Income Payments to Your estate.  





 






  RILA295NY 27  TERMINATION PROVISIONS    This Contract terminates and all Contract benefits, will end on the earliest of:  1. the date You take a total withdrawal;  2. the date the Contract Value is reduced to zero for any reason, or;  3. the date upon which the entire interest in the Contract has been distributed. Distributions  may be made in whole or in part after the Income Date, after Due Proof of the relevant death  and a claim form in Good Order has been received by the Company, and/or under a  supplemental contract evidencing the interest in the contract to be distributed.