# EDGAR Filing Document

**Accession Number:** 0000753892
**File Stem:** 0001193125-26-166514
**Filing Date:** 2026-4
**Character Count:** 1590434
**Document Hash:** 15d7c15cf96bfd5b92d56fd05d658e1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-166514.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001193125-26-166514

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 9

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**EFFECTIVENESS DATE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT H
- **CENTRAL INDEX KEY:** 0000753892

**ORGANIZATION NAME:**
- **EIN:** 222265014
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04113
- **FILM NUMBER:** 26878915

**BUSINESS ADDRESS:**
- **STREET 1:** 601 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-663-3000

**MAIL ADDRESS:**
- **STREET 1:** 601 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANUFACTURERS LIFE INSURANCE CO USA SEPARATE ACCOUNT H
- **DATE OF NAME CHANGE:** 20020412

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANUFACTURERS LIFE INSURANCE CO OF NORTH AMERICA SEP ACC A
- **DATE OF NAME CHANGE:** 19971022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NASL VARIABLE ACCOUNT
- **DATE OF NAME CHANGE:** 19920703
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT H
- **CENTRAL INDEX KEY:** 0000753892

**ORGANIZATION NAME:**
- **EIN:** 222265014
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-70730
- **FILM NUMBER:** 26878914

**BUSINESS ADDRESS:**
- **STREET 1:** 601 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-663-3000

**MAIL ADDRESS:**
- **STREET 1:** 601 CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANUFACTURERS LIFE INSURANCE CO USA SEPARATE ACCOUNT H
- **DATE OF NAME CHANGE:** 20020412

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANUFACTURERS LIFE INSURANCE CO OF NORTH AMERICA SEP ACC A
- **DATE OF NAME CHANGE:** 19971022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NASL VARIABLE ACCOUNT
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT H (Series ID: S000002858)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000007840 | Venture Variable Annuity (Ven 22-23) and Wealthmark |  |
| C000007841 | Venture Variable Annuity (Ven 8)                    |  |

As filed with the Securities and Exchange Commission on April 21, 2026

Registration No. 333-70730 <br>811-04113

------

SECURITIES AND EXCHANGE COMMISSION <br>Washington, D.C. 20549

------

FORM N-4

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

POST-EFFECTIVE AMENDMENT NO. 45

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 <br>AMENDMENT NO. 413

------

John Hancock Life Insurance Company (U.S.A.) Separate Account H

(formerly, The Manufacturers Life Insurance Company (U.S.A.) Separate Account H)

(Exact name of Registered Separate Account)

John Hancock Life Insurance Company (U.S.A.)

(formerly, The Manufacturers Life Insurance Company (U.S.A.))

(Name of Insurance Company)

------

---

| |
|:---|
| 38500 Woodward Avenue <br> Bloomfield Hills, Michigan 48304<br>|
| **(Address of Insurance Company's Principal Executive Offices)** |

---

------

(617) 663-3000

(Insurance Company's Telephone Number Including Area Code)

------

---

| |
|:---|
| **Sophia Pattas, Esquire**<br> **John Hancock Life Insurance Company (U.S.A.)**<br> **197 Clarendon Street**<br> **Boston, MA 02116**<br>|
| **(Name and Address of Agent for Service)** |

---

------

**Title of Securities Being Registered:** Variable Annuity Insurance Contracts

Approximate Date of Proposed Public Offering: As soon as practicable after effectiveness of this amendment.

It is proposed that this filing will become effective (check appropriate box):

[ ] immediately upon filing pursuant to paragraph (b)

[X] on April 27, 2026, pursuant to paragraph (b)

[ ] 60 days after filing pursuant to paragraph (a)(1)

[ ] on _____ pursuant to paragraph (a)(1) of rule 485 under the Securities Act of 1933 ("Securities Act").

If appropriate, check the following box:

[ ] this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

Check each box that appropriately characterizes the Registrant:

[ ] New Registrant (as applicable, a Registered Separate Account or Insurance Company that has not filed a Securities Act registration statement or amendment thereto within 3 years preceding this filing)

[ ] Emerging Growth Company (as defined by Rule 12b-2 under the Securities Exchange Act of 1934 ("Exchange Act"))

------

[ ] If an Emerging Growth Company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act

[X] Insurance Company relying on Rule 12h-7 under the Exchange Act

[ ] Smaller reporting company (as defined by Rule 12b-2 under the Exchange Act)

------

![](g133451img7fc9d7a21.gif)

------

**Venture**<sup>®</sup> **Variable Annuity Prospectus** 

***Previously Issued Contracts*** 

------

**April 27, 2026**

This Prospectus describes interests in VENTURE<sup>®</sup> flexible Purchase Payment deferred combination individual and group Fixed and Variable Annuity contracts (singly, a "Contract" and collectively, the "Contracts") issued by **John Hancock Life Insurance Company (U.S.A.)** ("John Hancock USA") in all jurisdictions except New York, or by **John Hancock Life Insurance Company of New York** ("John Hancock New York") in New York. Unless otherwise specified, "we," "us," "our," or a "Company" refers to the applicable issuing company of a Contract. You, the Contract Owner, should refer to the first page of your Venture<sup>®</sup> Variable Annuity Contract for the name of your issuing Company. *Effective October 7, 2011, the Contracts are no longer offered for sale.* 

**Variable Investment Options.** You may allocate Contract Values or Additional Purchase Payments (to the extent permitted under your Contract) to Variable Investment Options. If you do, we will measure your Contract Value (other than amounts allocated to a Fixed Investment Option) and Variable Annuity payments according to the investment performance of applicable Subaccounts of **John Hancock Life Insurance Company (U.S.A.) Separate Account H** or, in the case of John Hancock New York, applicable Subaccounts of **John Hancock Life Insurance Company of New York Separate Account A** (singly, a "Separate Account" and collectively, the "Separate Accounts"). Each Subaccount invests in a Portfolio, listed in the "APPENDIX: PORTFOLIOS AVAILABLE UNDER THE CONTRACT" section to this Prospectus, that corresponds to one of the Variable Investment Options that we make available on the date of this Prospectus.

Some John Hancock New York Contracts may have been issued with a Payment Enhancement Rider. Expenses for a Contract with a Payment Enhancement Rider may be higher than expenses for a Contract without the Rider, and the amount gained from the Rider may be more than offset by the additional fees and charges associated with the Rider.

This Contract is a complex investment and involves risks, including potential loss of principal. This Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The Contract is unsuitable as a short-term savings vehicle because of the substantial Contract-level charges, including the surrender charge, as well as potential adverse tax consequences from such short-term use. Withdrawals could also result in surrender charges, taxes, and tax penalties, as applicable.

Investment in the Contract is subject to risks related to John Hancock USA or John Hancock New York, including that the obligations (including under the fixed account investment option), guarantees, or benefits are subject to the financial strength and claims-paying ability of John Hancock USA or John Hancock New York.

**Contracts are not deposits or obligations of, or insured, guaranteed or endorsed by, any bank, the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency. Please read this Prospectus carefully and keep it for future reference. It contains information about the Separate Accounts and Variable Investment Options that you should know before investing. The Contracts have not been approved or disapproved by the Securities and Exchange Commission ("SEC"). Neither the SEC nor any state has determined whether this Prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.**

0426:70385

Venture<sup>®</sup>

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Page No.** |
| **[I. Glossary](#xx_f56d810b-f61d-4f16-8227-8a5d5762bf9a_1)** | **1** |
| **[II. Overview](#xx_2b356e37-d15a-4361-b593-0a9d878398c6_1)** | **5** |
| **[III. Key Information](#xx_9ed5ddfb-f6cf-4fb2-a89b-65ac249c69df_1)** | **9** |
| **[IV. Fee Tables](#xx_f2b72403-5229-49b5-acc0-fcffdf40dbf2_1)** | **14** |
| **[Examples](#xx_f2b72403-5229-49b5-acc0-fcffdf40dbf2_4)** | **17** |
| **[V. Principal Risks of Investing in the Contract](#xx_3930f3bf-d780-4365-bf22-99d4800a3758_1)** | **19** |
| **[VI. General Information about Us,](#xx_06eb9ef9-9ff0-4e9d-b874-5431d1a1eea6_1)**<br> **[the Separate Accounts and the Portfolios](#xx_06eb9ef9-9ff0-4e9d-b874-5431d1a1eea6_1)**<br>| **21** |
| **[The Companies](#xx_06eb9ef9-9ff0-4e9d-b874-5431d1a1eea6_1)** | **21** |
| **[The Separate Accounts](#xx_06eb9ef9-9ff0-4e9d-b874-5431d1a1eea6_1)** | **21** |
| **[The Portfolios](#xx_06eb9ef9-9ff0-4e9d-b874-5431d1a1eea6_2)** | **22** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Investment Management](#xx_06eb9ef9-9ff0-4e9d-b874-5431d1a1eea6_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Portfolio Expenses](#xx_06eb9ef9-9ff0-4e9d-b874-5431d1a1eea6_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Funds of Funds and Master-Feeder Funds](#xx_06eb9ef9-9ff0-4e9d-b874-5431d1a1eea6_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Portfolio Investment Objectives](#xx_06eb9ef9-9ff0-4e9d-b874-5431d1a1eea6_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Voting Interest](#xx_06eb9ef9-9ff0-4e9d-b874-5431d1a1eea6_5)** | **25** |
| **[VII. Description of the Contract](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_1)** | **26** |
| **[Eligible Plans](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_1)** | **26** |
| **[Accumulation Period Provisions](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_1)** | **26** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Standard/Optional Benefits](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Purchase Payments](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Payment Enhancement](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Accumulation Units](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Value of Accumulation Units](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Net Investment Factor](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Transfers You May Make Among Investment](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_5)<br> [Options](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_5)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Telephone and Electronic Transactions](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Special Transfer Services – Dollar Cost](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_7)<br> [Averaging Program](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_7)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Special Transfer Services - Asset Rebalancing](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_8)<br> [Program](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_8)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Signature Guarantee Requirements for](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_9)<br> [Surrenders and Withdrawals](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_9)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Special Withdrawal Services – The Income Plan](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_9) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Special Withdrawal Services – The Income](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_10)<br> [Made Easy Program](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_10)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Benefits Available Under the Contract](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Optional Guaranteed Minimum Withdrawal](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_13)<br> [Benefits](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_13)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Optional Enhanced Death Benefits](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_18) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 |
| **[Pay-out Period Provisions](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_19)** | **44** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [General](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_19) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuity Options](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_20) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Determination of Amount of the First Variable](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_22)<br> [Annuity Payment](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_22)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuity Units and the Determination of](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_23)<br> [Subsequent Variable Annuity Payments](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_23)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Transfers During the Pay-out Period](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_23) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Surrenders](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_23) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit During the Pay-out Period](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_24) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Optional Guaranteed Minimum Income](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_24)<br> [Benefits](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_24)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49 |
| **[Other Contract Provisions](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_25)** | **50** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Ownership](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_25) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuitant](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_26) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_26) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Modification](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_26) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Misstatement and Proof of Age, Sex or Survival](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_26) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51 |
| **[Fixed Investment Options](#xx_6bff9d59-8858-4ca4-8f50-f2d1587ffe1e_27)** | **52** |
| **[VIII. Charges and Deductions](#xx_23846bc0-0940-419b-b0a4-8f2678beb7e9_1)** | **55** |
| **[Withdrawal Charges](#xx_23846bc0-0940-419b-b0a4-8f2678beb7e9_1)** | **55** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Waiver of Applicable Withdrawal Charge –](#xx_23846bc0-0940-419b-b0a4-8f2678beb7e9_3)<br> [Confinement to Eligible Nursing Home](#xx_23846bc0-0940-419b-b0a4-8f2678beb7e9_3)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57 |

---

---

| | |
|:---|:---|
|  | **Page No.** |
| **[Annual Contract Fee](#xx_23846bc0-0940-419b-b0a4-8f2678beb7e9_4)** | **58** |
| **[Asset-Based Charges](#xx_23846bc0-0940-419b-b0a4-8f2678beb7e9_4)** | **58** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Administration Fee](#xx_23846bc0-0940-419b-b0a4-8f2678beb7e9_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Mortality and Expense Risks Fee](#xx_23846bc0-0940-419b-b0a4-8f2678beb7e9_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58 |
| **[Reduction or Elimination of Charges and](#xx_23846bc0-0940-419b-b0a4-8f2678beb7e9_5)**<br> **[Deductions](#xx_23846bc0-0940-419b-b0a4-8f2678beb7e9_5)**<br>| **59** |
| **[Premium Taxes](#xx_23846bc0-0940-419b-b0a4-8f2678beb7e9_6)** | **60** |
| **[IX. Federal Tax Matters](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_1)** | **61** |
| **[Introduction](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_1)** | **61** |
| **[Our Tax Status](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_1)** | **61** |
| **[Special Considerations for Optional Benefits](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_2)** | **62** |
| **[General Information Regarding Nonqualified](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_2)**<br> **[Contracts](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_2)**<br>| **62** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Tax Deferral During Accumulation Period](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Aggregation of Contracts](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Exchanges of Annuity Contracts](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Loss of Interest Deduction Where Contracts are](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_4)<br> [Held by or for the Benefit of Certain](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_4)<br> [Non-Natural Persons](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_4)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Taxation of Annuity Payments](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Surrenders, Withdrawals, Transfers and Death](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_4)<br> [Benefits](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_4)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Taxation of Death Benefit Proceeds](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Penalty Tax on Premature Distributions](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Diversification Requirements](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Medicare Tax on Unearned Income](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Puerto Rico Nonqualified Contracts](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66 |
| **[General Information Regarding Qualified](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_7)**<br> **[Contracts](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_7)**<br>| **67** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Additional Purchase Payments to Qualified](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_7)<br> [Contracts](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_7)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Distribution Requirements](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67 |
| **[Traditional IRAs](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_7)** | **67** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Contributions to a Traditional IRA](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Distributions from a Traditional IRA](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Required Minimum Distributions from a](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_8)<br> [Traditional IRA](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_8)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Penalty Tax on Premature Distributions from a](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_9)<br> [Traditional IRA](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_9)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69 |
| **[Roth IRAs](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_9)** | **69** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Contributions to a Roth IRA](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_9) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Distributions from a Roth IRA](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Penalty Tax on Premature Distributions from a](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_10)<br> [Roth IRA](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_10)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Conversion or Rollover to a Roth IRA](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70 |
| **[Other Qualified Plans](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_11)** | **71** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Collecting and Using Information](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Contributions to Other Qualified Plans](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Distributions from Other Qualified Plans](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Required Minimum Distributions from Other](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_13)<br> [Qualified Plans](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_13)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Penalty Tax on Premature Distributions from](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_14)<br> [Other Qualified Plans](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_14)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Withholding on Eligible Rollover Distributions](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_14) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Designated Roth Accounts within Other](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_15)<br> [Qualified Plans](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_15)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Rollover to a Roth IRA](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Section 403(b) Plans](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Restrictions on Section 403(b) Plans](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_16) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Loans under section 403(b) of the Code](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_16) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Restrictions under the Texas Optional](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_17)<br> [Retirement Program](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_17)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Puerto Rico Contracts Issued to Fund](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_17)<br> [Retirement Plans](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_17)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77 |
| **[See Your Own Tax Professional](#xx_44619b69-60e2-452e-989c-cb8acd0f681c_17)** | **77** |
| **[X. General Matters](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_1)** | **78** |

---

ii

------

---

| | |
|:---|:---|
|  | **Page No.** |
| **[Asset Allocation Services](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_1)** | **78** |
| **[Distribution of Contracts](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_1)** | **78** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Standard Compensation](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Revenue Sharing and Additional Compensation](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Differential Compensation](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Contracts Sold Directly Without Payment of](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_2)<br> [Any Sales Compensation](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_2)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79 |
| **[Transaction Confirmations](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_3)** | **80** |
| **[Reinsurance Arrangements](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_3)** | **80** |
| **[Legal and Regulatory Matters](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_3)** | **80** |
| **[Financial Statements](#xx_37381919-46ff-43d8-b05f-e4b0ef3ac044_3)** | **80** |
| **[Appendix: Portfolios Available Under the](#xx_def90550-448d-456f-893f-403a9a0f4232_1)**<br> **[Contract](#xx_def90550-448d-456f-893f-403a9a0f4232_1)**<br>| **Appendix-1**  |
| **[Appendix A: Examples of Calculation of](#xx_f01c3be8-f97f-47f1-a57f-f2fdcf7dc87e_1)**<br> **[Withdrawal Charge](#xx_f01c3be8-f97f-47f1-a57f-f2fdcf7dc87e_1)**<br>| **A-1** |
| **[Appendix B: Optional Enhanced Death Benefits](#xx_f804f08c-0a70-4fda-9ae6-944da024cfe0_1)** | **B-1** |
| **[Appendix C: Optional Guaranteed Minimum](#xx_bb0ff11c-6caa-43e5-93c4-59db7d918456_1)**<br> **[Withdrawal Benefits](#xx_bb0ff11c-6caa-43e5-93c4-59db7d918456_1)**<br>| **C-1** |
| **[Appendix D: Optional Guaranteed Minimum](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_1)**<br> **[Income Benefits](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_1)**<br>| **D-1** |
| **[John Hancock USA](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_1)** | **D-1** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Availability of Guaranteed Retirement Income](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_1)<br> [Program](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-1 |

---

---

| | |
|:---|:---|
|  | **Page No.** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Retirement Income Program I](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Retirement Income Program II and](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_2)<br> [Guaranteed Retirement Income Program III](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_2)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-2  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Growth Factor Income Base](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Monthly Income Factors Available for](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_3)<br> [Guaranteed Retirement Income Program I,](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_3)<br> [Guaranteed Retirement Income Program II](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_3)<br> [and Guaranteed Retirement Income Program](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_3)<br> [III](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_3)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-3  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Retirement Income Program Fee](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Termination of Guaranteed Retirement Income](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_4)<br> [Program](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_4)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-4  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Qualified Plans](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-4 |
| **[John Hancock New York](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_4)** | **D-4** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Availability of Guaranteed Retirement Income](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_4)<br> [Program](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_4)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Income Base](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-5  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Retirement Income Program Fee](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Termination of Guaranteed Retirement Income](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_6)<br> [Program](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_6)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-6  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Qualified Plans](#xx_ee02870e-7c45-4f5f-802b-70ae29d946d0_6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D-6 |

---

iii

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**I. Glossary** 

The following terms as used in this Prospectus have the indicated meanings. We also define other terms in specific sections of this Prospectus.

**1940 Act:** The Investment Company Act of 1940, as amended.

**Accumulation Period:** The period between the issue date of the Contract and the Annuity Commencement Date.

**Additional Purchase Payment:** Any Purchase Payment made after the initial Purchase Payment.

**Adjusted Benefit Base:** The Riders' Benefit Base immediately after we adjust it during a Contract Year to reflect the value of Additional Purchase Payments that we add to the Benefit Base. See Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits."

**Age 65 Contract Anniversary:** A term used with our guaranteed minimum withdrawal benefit Riders to describe the Contract Anniversary on, or next following, the date the Owner (older Owner with GMWB joint-life Riders) turns age 65.

**Age 95 Contract Anniversary:** A term used with our guaranteed minimum withdrawal benefit Riders to describe the Contract Anniversary on, or next following, the date the Covered Person or the older Owner, depending on the Rider, turns age 95.

**Anniversary Value:** A term used with our optional Annual Step-Up Death Benefit Rider that describes one of the values we use to determine the death benefit. See Appendix B: "Optional Enhanced Death Benefits."

**Annuitant:** Any natural person or persons to whom annuity payments are made and whose life is used to determine the duration of annuity payments involving life contingencies. If the Contract Owner names more than one person as an Annuitant, the second person named is referred to as co-Annuitant. The Annuitant and co-Annuitant are referred to collectively as Annuitant. The Annuitant is as designated on the Contract specification page or in the application, unless changed. The Annuitant becomes the Owner of the Contract during the Pay-out Period.

**Annuities Service Center:** The mailing address and overnight mail address of our service office are listed on the back cover of this Prospectus.

**Annuity Commencement Date:** The date we/you annuitize your Contract. That is, the Pay-out Period commences and we begin to make annuity payments to the Annuitant. You can change the Annuity Commencement Date to any date after the Contract Date (at least one year after the Contract Date for John Hancock New York Contracts), and prior to the Maturity Date.

**Annuity Option:** The method selected by the Contract Owner (or as specified in the Contract if no selection is made) for annuity payments made by us.

**Annuity Unit:** A unit of measure that is used after the election of an Annuity Option to calculate Variable Annuity payments.

**Asset Allocation Services:** Programs offered by third parties in connection with the Contracts through which the third party may transfer amounts among Investment Options from time to time on your behalf.

**Beneficiary:** The person, persons or entity entitled to the death benefit under the Contract upon the death of a Contract Owner or, in certain circumstances, an Annuitant. The Beneficiary is as specified in the application, unless changed.

**Benefit Base:** A term used with our optional guaranteed minimum withdrawal benefit Riders to describe a value we use to determine one or more guaranteed withdrawal amounts under the Rider. A Benefit Base may be referred to as a "Guaranteed Withdrawal Balance" in the Rider you purchased. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Benefit Rate:** A rate we use to determine a guaranteed withdrawal amount under the guaranteed minimum withdrawal benefit Rider. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Business Day:** Any day on which the New York Stock Exchange is open for business. The end of a Business Day is the close of daytime trading on the New York Stock Exchange, which generally is 4:00 p.m. Eastern Time.

**Code:** The Internal Revenue Code of 1986, as amended.

**Company:** John Hancock USA or John Hancock New York, as applicable.

------

**Contingent Beneficiary:** The person, persons or entity to become the Beneficiary if the Beneficiary is not alive. The Contingent Beneficiary is as specified in the application for a Contract, unless changed.

**Contract:** The fixed and variable annuity contract described by this Prospectus. If you purchased this annuity under a group contract, a Contract means the certificate issued to you under the group contract.

**Contract Anniversary:** The day in each calendar year after the Contract Date, that is the same month and day as the Contract Date

**Contract Date:** The date of issue of the Contract.

**Contract Value:** The total of the Investment Account values and, if applicable, any amount in the Loan Account attributable to the Contract.

**Contract Year:** A period of twelve consecutive months beginning on the date as of which the Contract was issued, or any anniversary of that date.

**Covered Person(s):** A term used with our optional guaranteed minimum withdrawal benefit Riders to describe an individual (or individuals) whose lifetime(s) we use to determine the duration of any guaranteed lifetime income amounts under a guaranteed minimum withdrawal benefit Rider. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Credit:** A term used with most of our optional guaranteed minimum withdrawal benefit Riders to describe a potential way to increase the Benefit Base that we may apply during one or more Credit Periods. A Credit may be referred to as a "Bonus" or "Target Amount" in the Rider you purchased. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Credit Period:** A term used with most of our guaranteed minimum withdrawal benefit Riders to describe the period of time we use to measure the availability of Credits. A Credit Period may be referred to as a "Bonus Period," "Lifetime Income Bonus Period," or the period ending on a "Target Date" in the Rider you purchased. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Credit Rate:** The rate that we use to determine a Credit, if any, under a guaranteed minimum withdrawal benefit Rider. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Debt:** Any amounts in the Loan Account attributable to the Contract plus any accrued loan interest. The loan provision is applicable to certain Qualified Contracts only.

**Excess Withdrawal:** A term used with most of our optional guaranteed minimum withdrawal benefit Riders to describe a withdrawal that exceeds certain limits under the Rider. During periods of declining investment performance, Excess Withdrawals may cause substantial reductions to or loss of guaranteed minimum withdrawal benefits. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Financial Account Plan:** A method of making periodic Additional Purchase Payments automatically through a bank account, brokerage account or other account you hold at a similar financial institution.

**Fixed Annuity:** An Annuity Option with payments for a set dollar amount that we guarantee.

**Fixed Investment Option:** An Investment Option in which a Company guarantees the principal value and the rate of interest credited to the Investment Account for the term of any guarantee period.

**General Account:** All of a Company's assets, other than assets in its Separate Account and any other separate accounts it may maintain.

**Good Order:** The standard that we apply when we determine whether an instruction is satisfactory. An instruction is considered in Good Order if it is received at our Annuities Service Center: (a) in a manner that is satisfactory to us such that it is sufficiently complete and clear that we do not need to exercise any discretion to follow such instruction and it complies with all relevant laws and regulations and Company requirements; (b) on specific forms, or by other means we then permit (such as via telephone or electronic submission); and/or (c) with any signatures and dates we may require. We will notify you if an instruction is not in Good Order.

**Investment Account:** An account we establish for you which represents your interests in an Investment Option during the Accumulation Period.

------

**Investment Options:** The investment choices available to Contract Owners.

**John Hancock New York:** John Hancock Life Insurance Company of New York.

**John Hancock USA:** John Hancock Life Insurance Company (U.S.A.).

**Lifetime Income Amount:** A term used with most of our guaranteed minimum withdrawal benefit Riders that generally describes an amount we guarantee to be available for withdrawal during the Accumulation Period based on the lives of one or more Covered Persons. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details

**Lifetime Income Date:** A term used with most of our guaranteed minimum withdrawal benefit Riders that generally describes the date on which we determine the initial Lifetime Income Amount. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Loan Account:** The portion of our General Account that we use as collateral for a loan under certain Qualified Contracts.

**Maturity Date:** The latest allowable Annuity Commencement Date under your Contract. That is, the last date (unless we consent to a later date) on which the Pay-out Period commences and we begin to make annuity payments to the Annuitant. The Maturity Date is the date specified on the Contract specifications page, unless changed with our consent.

**Nonqualified Contract:** A Contract which is not issued under a Qualified Plan.

**Owner or Contract Owner ("you"):** The person, persons (co-Owners) or entity entitled to all of the ownership rights under the Contract. References in this Prospectus to Contract Owners are typically by use of "you." The Owner has the legal right to make all changes in contractual designations where specifically permitted by the Contract. The Owner is as specified in the application, unless changed. The Annuitant becomes the Owner of the Contract during the Pay-out Period.

**Pay-out Period:** The period when we make annuity payments to the Annuitant following the Annuity Commencement Date.

**Payroll Plan:** A method of making periodic Additional Purchase Payments through a payroll deduction plan.

**Portfolio:** A series of a registered open-end management investment company which corresponds to a Variable Investment Option.

**Prospectus:** This prospectus that describes interests in the Contracts.

**Purchase Payment:** An amount you pay to us for the benefits provided by the Contract.

**Qualified Contract:** A Contract issued under a Qualified Plan.

**Qualified Plan:** A retirement plan that receives favorable tax treatment under section 401, 403, 408 (IRAs), 408A (Roth IRAs) or 457 of the Code.

**Reset:** A reduction of the Benefit Base or Guaranteed Withdrawal Balance, as appropriate, if you take an Excess Withdrawal (see Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits").

**Rider:** An optional benefit that you may have elected for an additional charge.

**Separate Account:** John Hancock Life Insurance Company (U.S.A.) Separate Account H or John Hancock Life Insurance Company of New York Separate Account A, as applicable. Each Separate Account is a segregated asset account of a Company that is not commingled with the general assets and obligations of the Company.

**Settlement Phase:** A term used with our optional guaranteed minimum withdrawal benefit Riders to describe the period when your Contract Value is equal to zero and we automatically begin making payments to you under the Rider, subject to the conditions described in the Rider. During the Settlement Phase, the Contract will continue but all other rights and benefits under the Contract, including death benefits and any additional Riders, terminate. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Spouse:** Any person recognized as a "spouse" in the state where the couple was legally married. The term does not include a party to a registered domestic partnership, civil union, or other similar formal relationship recognized under state law that is not denominated as a marriage under that state's law.

**Step-Up:** A term used with some of our optional benefit Riders to describe a potential way to increase the amounts guaranteed under that Rider on certain Contract Anniversary dates when your Contract Value exceeds a previously determined amount. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details on

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Step-Ups of the Benefit Base under a guaranteed minimum withdrawal benefit Rider, and (where applicable) Appendix D: "Optional Guaranteed Minimum Income Benefits" for more details on Step-Ups of the Income Base under a guaranteed minimum income benefit Rider.

**Step-Up Date:** The date on which we determine whether a Step-Up could occur.

**Subaccount:** A separate division of the applicable Separate Account.

**Unliquidated Purchase Payments:** The amount of all Purchase Payments in the Contract net of any withdrawals in excess of the free Withdrawal Amount that have been taken to date.

**Unpaid Loan:** The unpaid amount (including any accrued interest) of loans a Qualified Contract Owner may have taken from us, using certain Contract Value as collateral.

**Variable Annuity:** An Annuity Option with payments which: (1) are not predetermined or guaranteed as to dollar amount, and (2) vary in relation to the investment experience of one or more specified Subaccounts.

**Variable Investment Option:** An Investment Option corresponding to a Subaccount of a Separate Account that invests in shares of a specific Portfolio.

**Withdrawal Amount:** The total amount taken from your Contract Value, including any applicable withdrawal charge, tax and proportional share of administrative fee, to process a withdrawal.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**II. Overview** 

This overview tells you some key points you should know about the Contract. Because this is an overview, it does not contain all the information that may be important to you. You should read carefully this entire Prospectus, including its Appendices, and the Statement of Additional Information ("SAI") for more detailed information.

We disclose all material features and benefits of the Contracts in this Prospectus. Insurance laws and regulations apply to us in every state in which the Contracts were sold. As a result, a Contract purchased in one state may have terms and conditions that vary from the terms and conditions of a Contract purchased in a different jurisdiction. We disclose all material variations in this Prospectus.

Each Contract is a flexible Purchase Payment deferred combination Fixed and Variable Annuity Contract between you and a Company. "Deferred" means payments by a Company begin on a future date under a Contract. "Variable" means amounts in a Contract may increase or decrease in value daily based upon your Contract's Variable Investment Options. A Contract provides for the accumulation of these investment amounts and the payment of annuity benefits on a variable and/or fixed basis. Depending on state requirements, we may have issued the Contract under a master group contract.

This Prospectus primarily describes features of our previously issued versions of the Venture<sup>®</sup> Contract. We describe several versions of the Venture<sup>®</sup> Contract, which we may refer to as **Venture**<sup>®</sup> **2006** (available May 1, 2006 – October 7, 2011, subject to state availability), **Ven 20**, or **Ven 22** (available May 1, 1998 – November 20, 2006, subject to state availability) and **Ven 24** (available May 1999 – May 2006 in New York only). This Prospectus also describes certain older versions of the Contract, including **Ven 8** (sold from September 1992 until February 1995) and **Ven 9** (sold only in New York from November 1992 – May 1999), **Ven 7** (sold from August 1989 until April 1999), **Ven 3** (sold from November 1986 until October 1993), and **Ven 1** (sold from June 1985 until June 1987). The principal differences between the recent versions of the Contract and the prior Contracts relate to the Investment Options available under the Contracts, charges we impose, death benefit provisions and, in the case of **Ven 7** and **Ven 8** Contracts, a minimum interest rate to be credited for any guarantee period under the fixed portion of the Contract.

**Description of the Contract.** The Contract offers access to Variable Investment Options, tax-deferred treatment of earnings during the Accumulation Period, and the ability to receive annuity payments at a future date. We will pay a death benefit to your Beneficiary if you die during the Accumulation Period. The amount of the death benefit will vary based on your age at death and how long the Contract has been issued to you. The death benefit amount will be less any amounts deducted in connection with any withdrawals.

**Contract Features.** We offer a variety of Fixed Annuity and Variable Annuity payment options. Periodic annuity payments begin on the Annuity Commencement Date. You select the Annuity Commencement Date, the frequency of payment and the type of annuity payment option. Annuity payments are made to the Annuitant. We provide more information about payout benefits in "VII. Description of the Contract – Pay-out Period Provisions."

In most cases, no income tax will have to be paid on your earnings under the Contract until these earnings are paid out.

The Contract provides optional death benefits and optional guaranteed minimum withdrawal benefits, each for an additional fee. These optional benefits were available only at the time you purchased your Contract. We provide more information about these benefits under Appendix B: "Optional Enhanced Death Benefits" and Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits."

Under the Contract, you make one or more Purchase Payments to the Company for a period of time, known as the Accumulation Period. During the Accumulation Period, your Purchase Payments are allocated to Investment Options. You may transfer among the Investment Options and take withdrawals. Later, beginning on the Annuity Commencement Date, the Company makes one or more annuity payments under the Contract for a period of time, known as the Pay-out Period. During this phase you cannot make withdrawals and the death benefit and living benefit will have terminated. Your Contract Value during the Accumulation Period is variable, and the amounts of annuity payments during the Pay-out Period may either be variable or fixed, depending upon your choice.

We accept Additional Purchase Payments for the Contract only in a limited number of circumstances, and you may be unable to make an Additional Purchase Payment.

We impose restrictions on Additional Purchase Payments for Contracts issued with one of our guaranteed minimum withdrawal benefit Riders (see "VII. Description of the Contract – Purchase Payments").

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The minimum Additional Purchase Payment we accept is $30 without our prior approval. You must obtain our prior approval if an Additional Purchase Payment to *any* Contract would cause the Contract Value to exceed $1 million, or if your Contract Value already exceeds $1 million. All Additional Purchase Payments must be in U.S. dollars and paid to our Annuities Service Center.

Restrictions may apply for Contracts issued for use in a retirement plan intended to qualify under section 403(b) of the Code.

No Additional Purchase Payments may be made for any Contract during the Pay-out Period (see "VII. Description of the Contract – Pay-out Period Provisions").

Although your Contract allows us to offer both Fixed and Variable Investment Options, we currently offer only Variable Investment Options for Additional Purchase Payments.

**Additional information about the Portfolios is provided in "Appendix: Portfolios Available Under the Contract."** 

Each Variable Investment Option is a Subaccount of a Separate Account that invests solely in a corresponding Portfolio. The Portfolio prospectuses contain full descriptions of the Portfolios. The amount you've invested in any Variable Investment Option will increase or decrease based upon the investment performance of the corresponding Portfolio (reduced by certain charges we deduct – see "IV. Fee Tables"). Your Contract Value during the Accumulation Period and the amounts of annuity payments will depend upon the investment performance of the underlying Portfolio of the Variable Investment Option you select.

In selecting Variable Investment Options under a Contract, you should consider:

&nbsp;&nbsp;&nbsp;&nbsp;• You bear the investment risk that your Contract Value will increase or decrease to reflect the results of your Contract's investment in underlying Portfolios. We do not guarantee Contract Value in a Variable Investment Option or the investment performance of any Portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;• Although the Portfolios may invest directly in securities or indirectly, through other underlying funds, you will not have the ability to determine the investment decisions or strategies of the Portfolios.

You are not permitted to make new investments in the Money Market Investment Option. Transfers of amounts from other Investment Options into the Money Market Investment Option also are not permitted. If you currently have Contract Value in the Money Market Investment Option, you may continue to keep that Contract Value in Money Market, but any transfer or withdrawal from the Money Market cannot be replaced (please refer to "VII. Description of the Contract – Purchase Payments").

Currently, we do not make any Fixed Investment Options available for Additional Purchase Payments.

You designate how you would like your Purchase Payments to be allocated among the Variable Investment Options available under your Contract. You may change this investment allocation for Additional Purchase Payments (to the extent permitted under the Contract and not subject to restrictions) at any time.

**Transfers Among Investment Options**. During the Accumulation Period, you may transfer your investment amounts among Investment Options without charge, subject to certain restrictions described below and in "VII. Description of the Contract –Transfers Among Investment Options." During the Pay-out Period, you may transfer your allocations among the Variable Investment Options, subject to certain restrictions described in "Transfers During the Pay-out Period."

The Variable Investment Options can be a target for abusive transfer activity. To discourage disruptive frequent trading activity, we have adopted a policy for each Separate Account to restrict Owner-initiated transfers to two per calendar month per Contract, with certain exceptions described in more detail in "VII. Description of the Contract – Transfers Among Investment Options." We apply each Separate Account's policy and procedures uniformly to all Contract Owners.

In addition to the transfer restrictions that we impose, the John Hancock Variable Insurance Trust also has adopted policies under Rule 22c-2 of the 1940 Act to detect and deter abusive short term trading. Accordingly, a Portfolio may require us to impose trading restrictions if it discovers violations of its frequent short-term trading policy. We will provide tax identification numbers and other Contract Owner transaction information to a Portfolio upon request, which it may use to identify any pattern or frequency of activity that violates its short-term trading policy.

**Transfers Between Annuity Options**. During the Pay-out Period, you may not transfer from a Variable Annuity Option to a Fixed Annuity Option, or from a Fixed Annuity Option to a Variable Annuity Option (see "VII. Description of the Contract – Transfers During the Pay-out Period").

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**How do I access my money?** 

During the Accumulation Period, you may withdraw all or a portion of your Contract Value. The amount you withdraw from any Investment Option must be at least $300 or, if less, your entire balance in that Investment Option. If a withdrawal plus any applicable withdrawal charge would reduce your Contract Value to less than $300, we may treat your withdrawal request as a request to withdraw all of your Contract Value. A withdrawal charge and an administration fee may apply to your withdrawal (See "VIII. Charges and Deductions – Withdrawal Charges"). Withdrawals from Contracts with a guaranteed minimum withdrawal benefit Rider may affect the benefits under the Rider (see Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits"). A withdrawal may also be subject to income tax and a 10% penalty tax.

**What types of optional benefit Riders may have been available to me under the Contract?** 

This Prospectus provides information about optional benefit Riders that you may have elected when you purchased a Contract. These Riders may not have been available in all states, may not have been available for all versions of the Contract, and may not have been available when you purchased the Contract. If you elected any of these Riders, you pay the additional charge shown in the Fee Tables. *You should review your Contract carefully to determine which of the following optional benefit Riders, if any, you purchased.* 

We describe the following optional benefit Riders in the Appendices to this Prospectus:

Appendix B: Optional Enhanced Death Benefits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Earnings Multiplier Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Triple Protection Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Death Benefit (Ven 7 and Ven 8 only); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annual Step-Up Death Benefit (**Venture**<sup>®</sup> **2006** only).

Appendix C: Optional Guaranteed Minimum Withdrawal Benefits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> 1.11;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> 1.11;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> 5.09;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> 5.09;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> 12.08;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> 12.08;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> (Annual Step-Up Review);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus for Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus for Life Plus Automatic Annual Step-Up;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus for Life Plus Spousal Protection; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Returns.

We use the term "**Income Plus For Life**<sup>®</sup> **Series Riders**" in the Prospectus to refer to all ten Income Plus For Life<sup>®</sup> Riders, i.e., Income Plus For Life<sup>®</sup> (Annual Step-Up Review); Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review); Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review); Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review); Income Plus For Life<sup>®</sup> 12.08; Income Plus For Life – Joint Life<sup>®</sup> 12.08; Income Plus For Life<sup>®</sup> 5.09; Income Plus For Life – Joint Life<sup>®</sup> 5.09; Income Plus For Life<sup>®</sup> 1.11; and Income Plus For Life – Joint Life<sup>®</sup> 1.11.

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If you elected to purchase any of these guaranteed minimum withdrawal benefit Riders, you may invest your Contract Value <br> only in the Investment Options we make available for these benefits (see Appendix C: "Optional Guaranteed Minimum <br> Withdrawal Benefits"). We also reserve the right to impose additional restrictions on Investment Options at any time.<br>

Appendix D: Optional Guaranteed Minimum Income Benefits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Retirement Income Programs – offered by John Hancock USA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Retirement Income Programs – offered by John Hancock New York.

**Payment Enhancement Rider**. If you purchased your Contract in New York, John Hancock New York offered a Payment Enhancement optional benefit Rider. Under this Rider, John Hancock New York credits a Payment Enhancement equal to 4% (5% for Contracts issued between July 12 and October 30, 2004, or between October 16, 2006 and November 9, 2007) of the Purchase Payment and allocates it among Investment Options in the same proportions as your Purchase Payments. Contracts with this feature are subject to a higher withdrawal charge that applies for a longer period of time. Expenses for a Contract with a Payment Enhancement Rider may be higher than expenses for a Contract without the Rider, and the amount gained from the Rider may be more than offset by the additional fees and charges associated with the Rider. The Payment Enhancement Rider was not available for Contracts issued before January 2001 or on or after November 12, 2007. When available, it could only be elected at Contract issue, and it cannot be revoked once elected.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**III. Key Information** 

*Important Information You Should Consider About the Contract* 

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| **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| Are There Charges for <br> Early Withdrawals?<br>| &nbsp;&nbsp; **Yes.** There are withdrawal charges that you pay at the time you withdraw Contract Values or <br> surrender the Contract on a first-in, first-out basis, measured from the date of each Purchase <br> Payment.<br>**For John Hancock USA Contracts:**<br> The maximum withdrawal charge is 6% of the Purchase Payment in the first year, reducing to <br> 2% in the seventh year and 0% thereafter. For example, assuming a $100,000 investment, the <br> highest possible surrender charge would be $6,000.<br>**For John Hancock New York Contracts:**<br> For Contracts without the Payment Enhancement Rider, the maximum withdrawal charge is <br> 6% of the Purchase Payment in the first year, reducing to 2% in the seventh year and 0% <br> thereafter. For example, assuming a $100,000 investment, the highest possible surrender <br> charge would be $6,000.<br>For Contracts with the Payment Enhancement Rider, the maximum withdrawal charge is 8% <br> of the Purchase Payment in the first year, reducing to 1% in the eighth year and 0% thereafter. <br>For example, assuming a $100,000 investment, the highest possible surrender charge would <br> be $8,000.<br>For more information on charges for early withdrawals, please refer to "IV. Fee Tables –<br> Transaction Expenses." |
| Are There Transaction <br> Charges?<br>| &nbsp;&nbsp; **Yes.** In addition to surrender charges (if applicable), you may also be charged for the <br> following transactions:<br>State premium taxes, which currently range from 0.04% to 4.00% of each Purchase Payment <br> (see "VIII. Charges and Deductions – Premium Taxes"), may also apply to your Contract.<br>We reserve the right to impose a charge in the future for transfers in excess of 12 per year. The <br> amount of this fee will not exceed the lesser of $25 or 2% of the amount transferred.<br>For more information on transaction charges and transfer fees, please refer to "IV. Fee Tables <br> –Transaction Expenses" and "VIII. Charges and Deductions – Premium Taxes." |

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| Are There Ongoing Fees <br> and Expenses? | &nbsp;&nbsp; **Yes.** The tables below describe the fees and expenses that you may pay each year, depending <br> on the Investment Options and optional benefits you choose. Please refer to your Contract <br> specifications page for information about the specific fees you will pay each year based on <br> the options you have elected.<br>**John Hancock USA Contracts:** | &nbsp;&nbsp; **Yes.** The tables below describe the fees and expenses that you may pay each year, depending <br> on the Investment Options and optional benefits you choose. Please refer to your Contract <br> specifications page for information about the specific fees you will pay each year based on <br> the options you have elected.<br>**John Hancock USA Contracts:** | &nbsp;&nbsp; **Yes.** The tables below describe the fees and expenses that you may pay each year, depending <br> on the Investment Options and optional benefits you choose. Please refer to your Contract <br> specifications page for information about the specific fees you will pay each year based on <br> the options you have elected.<br>**John Hancock USA Contracts:** |
| Are There Ongoing Fees <br> and Expenses? | **Annual Fee** | **Minimum** | **Maximum** |
| Are There Ongoing Fees <br> and Expenses? | Base Contract<sup>1</sup> | &nbsp;&nbsp; 1.00% | &nbsp;&nbsp; 1.40% |
| Are There Ongoing Fees <br> and Expenses? | Portfolio Company fees and expenses<sup>2</sup> | &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 1.41% |
| Are There Ongoing Fees <br> and Expenses? | &nbsp;&nbsp; Optional benefits available for an additional <br> Charge (for a single optional benefit, if <br> elected)<br>| &nbsp;&nbsp; 0.20%<sup>1</sup> | &nbsp;&nbsp; 1.00%<sup>3</sup> |
| Are There Ongoing Fees <br> and Expenses? | **John Hancock New York Contracts:** | **John Hancock New York Contracts:** | **John Hancock New York Contracts:** |
| Are There Ongoing Fees <br> and Expenses? | **Annual Fee** | **Minimum** | **Maximum** |
| Are There Ongoing Fees <br> and Expenses? | Base Contract<sup>1</sup> | &nbsp;&nbsp; 1.00% | &nbsp;&nbsp; 1.40% |
| Are There Ongoing Fees <br> and Expenses? | &nbsp;&nbsp; Investment Options (Portfolio Company fees <br> and expenses)<sup>2</sup><br>| &nbsp;&nbsp; 0.30% | &nbsp;&nbsp; 1.41% |
| Are There Ongoing Fees <br> and Expenses? | &nbsp;&nbsp; Optional benefits available for an additional <br> Charge (for a single optional benefit, if <br> elected)<br>| &nbsp;&nbsp; 0.20%<sup>1</sup> | &nbsp;&nbsp; 1.00%<sup>3</sup> |
| Are There Ongoing Fees <br> and Expenses? | <sup>1</sup>Charge based on average daily assets allocated to the Subaccounts. | <sup>1</sup>Charge based on average daily assets allocated to the Subaccounts. | <sup>1</sup>Charge based on average daily assets allocated to the Subaccounts. |
| Are There Ongoing Fees <br> and Expenses? | <sup>2</sup>Charge based as a percentage of the Portfolio's average net assets. | <sup>2</sup>Charge based as a percentage of the Portfolio's average net assets. | <sup>2</sup>Charge based as a percentage of the Portfolio's average net assets. |
| Are There Ongoing Fees <br> and Expenses? | <sup>3</sup>Charge based on Adjusted Guaranteed Withdrawal Balance. | <sup>3</sup>Charge based on Adjusted Guaranteed Withdrawal Balance. | <sup>3</sup>Charge based on Adjusted Guaranteed Withdrawal Balance. |
| Are There Ongoing Fees <br> and Expenses? | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how much you will pay. <br> To help you understand the cost of owning your Contract, the following table shows the <br> lowest and highest cost you could pay each year, based on current charges. This estimate <br> assumes that you do not take withdrawals from the Contract, **which could add charges for** <br> **early withdrawals or surrender charges that substantially increase costs.** | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how much you will pay. <br> To help you understand the cost of owning your Contract, the following table shows the <br> lowest and highest cost you could pay each year, based on current charges. This estimate <br> assumes that you do not take withdrawals from the Contract, **which could add charges for** <br> **early withdrawals or surrender charges that substantially increase costs.** | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how much you will pay. <br> To help you understand the cost of owning your Contract, the following table shows the <br> lowest and highest cost you could pay each year, based on current charges. This estimate <br> assumes that you do not take withdrawals from the Contract, **which could add charges for** <br> **early withdrawals or surrender charges that substantially increase costs.** |

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|:---|:---|:---|
|  | **John Hancock USA Contracts:** | **John Hancock USA Contracts:** |
|  | &nbsp;&nbsp; Lowest Annual Cost<br> $1,192.69<br>| Highest Annual Cost<br> $2,878.09 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> ●Investment of $100,000<br> ●5% annual appreciation<br> ●Least expensive combination of Contract <br> Classes and Portfolio Company fees and <br> expenses<br>●No optional benefits<br> ●No sales charges<br> ●No additional purchase payments, <br> transfers or withdrawals<br>| &nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> ●Investment of $100,000<br> ●5% annual appreciation<br> ●Most expensive combination of Contract <br> Classes, optional benefits and Portfolio <br> Company fees and expenses<br>●No sales charges<br> ●No additional purchase payments, transfers <br> or withdrawals |
|  | **John Hancock NY Contracts:** | **John Hancock NY Contracts:** |
|  | &nbsp;&nbsp; Lowest Annual Cost<br> $1,192.69<br>| Highest Annual Cost<br> $3,060.96 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> ●Investment of $100,000<br> ●5% annual appreciation<br> ●Least expensive combination of Contract <br> Classes and Portfolio Company fees and <br> expenses<br>●No optional benefits<br> ●No sales charges<br> ●No additional purchase payments, <br> transfers or withdrawals<br>| &nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> ●Investment of $100,000<br> ●5% annual appreciation<br> ●Most expensive combination of Contract <br> Classes, optional benefits and Portfolio <br> Company fees and expenses<br>●No sales charges<br> ●No additional purchase payments, transfers <br> or withdrawals |
|  | &nbsp;&nbsp; For more information on ongoing fees and expenses, please refer to "IV. Fee Tables – Periodic <br> Fees and Expenses Other Than Portfolio Expenses." | &nbsp;&nbsp; For more information on ongoing fees and expenses, please refer to "IV. Fee Tables – Periodic <br> Fees and Expenses Other Than Portfolio Expenses." |
| **RISKS** | **RISKS** | **RISKS** |
| Is There a Risk of Loss <br> from Poor Performance?<br>| &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract. You bear the investment risk of any <br> Portfolio you choose as a Variable Investment Option for your Contract.<br>For more information on risk of loss, please refer to "V. Principal Risks of Investing in the <br> Contract." | &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract. You bear the investment risk of any <br> Portfolio you choose as a Variable Investment Option for your Contract.<br>For more information on risk of loss, please refer to "V. Principal Risks of Investing in the <br> Contract." |
| Is this a Short-Term <br> Investment?<br>| &nbsp;&nbsp; **No.** This Contract is not a short-term investment and is not appropriate for an investor who <br> needs ready access to cash. The Contract is unsuitable as a short-term savings vehicle because <br> of the substantial Contract-level charges, including the surrender charge, as well as potential <br> adverse tax consequences from such short-term use.<br>Any withdrawal from the Contract may result in surrender charges, taxes, and tax penalties, as <br> applicable.<br>For more information on the short-term investment risks, please refer to "V. Principal Risks of <br> Investing in the Contract." | &nbsp;&nbsp; **No.** This Contract is not a short-term investment and is not appropriate for an investor who <br> needs ready access to cash. The Contract is unsuitable as a short-term savings vehicle because <br> of the substantial Contract-level charges, including the surrender charge, as well as potential <br> adverse tax consequences from such short-term use.<br>Any withdrawal from the Contract may result in surrender charges, taxes, and tax penalties, as <br> applicable.<br>For more information on the short-term investment risks, please refer to "V. Principal Risks of <br> Investing in the Contract." |

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|:---|:---|
| What Are the Risks <br> Associated with the <br> Investment Options?<br>| &nbsp;&nbsp; An investment in this Contract is subject to the risk of poor performance and can vary <br> depending on the performance of the Investment Options available under the Contract (e.g., <br> Portfolio Companies). Each such option (including any fixed account investment option) will <br> have its own unique risks, and you should review these Investment Options before making an <br> investment decision.<br>For more information on the risks associated with Investment Options, please refer to "V. <br> Principal Risks of Investing in the Contract." |
| What Are the Risks <br> Related to the Insurance <br> Company?<br>| &nbsp;&nbsp; Your investment in the Contract is subject to risks related to John Hancock USA or John <br> Hancock New York, including that the obligations (including under the fixed account <br> investment option), guarantees, or benefits are subject to the claims-paying ability of John <br> Hancock USA or John Hancock New York. Information about John Hancock USA and John <br> Hancock New York, including their financial strength ratings, are available upon request from <br> your John Hancock representative. Our current financial strength ratings can also be obtained <br> by contacting the Service Office at 1-800-344-1029.<br>For more information on insurance company risks, please refer to "V. Principal Risks of <br> Investing in the Contract." |
| **RESTRICTIONS** | **RESTRICTIONS** |
| Are There Restrictions on <br> the Investment Options?<br>| &nbsp;&nbsp; **Yes.** There are restrictions that may limit the variable Investment Options and general account <br> option that you may choose, as well as limitations on the transfer of Contract Value among <br> those options.<br>These restrictions may include a monthly limit on the number of transfers you may make. We <br> may also impose additional restrictions to discourage market timing and disruptive trading <br> activity.<br>Among other things, the Contract allows us to eliminate the shares of a Portfolio or substitute <br> shares of another new or existing Portfolio, subject to applicable legal requirements.<br>Additionally, the Company reserves the right to stop accepting Purchase Payments.<br> For more information on investment and transfer restrictions, please refer to "VII. Description <br> of the Contract." |
| Are There any Restrictions <br> on Contract Benefits?<br>| &nbsp;&nbsp; **Yes.** There are restrictions and limitations relating to optional benefits and whether an <br> optional benefit may be modified or terminated by us.<br>Withdrawals that exceed limits specified by the terms of an optional benefit may affect the <br> availability of the benefit by reducing the benefit by an amount greater than the value <br> withdrawn, and/or could terminate the benefit.<br>For more information on optional benefit restrictions, please refer to Appendix B: "Optional <br> Enhanced Death Benefits" and Appendix C: "Optional Guaranteed Minimum Withdrawal <br> Benefits. |
| **TAXES** | **TAXES** |
| What Are the Contract's <br> Tax Implications?<br>| &nbsp;&nbsp; You should consult with a tax professional to determine the tax implications of an investment <br> in and amounts received under the Contract. There is no additional tax benefit to you if the <br> Contract was purchased through a tax-qualified plan or an individual retirement account <br> (IRA). If we pay out any amount of your Contract Value upon surrender or partial withdrawal, <br> all or part of that distribution would generally be treated as a return of the Purchase Payments <br> paid, with any portion not treated as a return of your Purchase Payments subject to ordinary <br> income tax, and may be subject to tax penalties.<br>For more information about tax implications, please refer to "IX. Federal Tax Matters." |

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| | |
|:---|:---|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| How Are Investment <br> Professionals <br> Compensated?<br>| &nbsp;&nbsp; Some investment professionals may have received compensation for selling the Contract by <br> means of various commissions and revenue sharing arrangements. The investment <br> professional may have had a financial incentive to offer or recommend this Contract over <br> another investment.<br>For more information on investment professional compensation, please refer to "VI. General <br> Information about Us, the Separate Accounts and the Portfolios." |
| Should I Exchange My <br> Contract?<br>| &nbsp;&nbsp; Some investment professionals may have a financial incentive to offer you a new Contract in <br> place of the one you already own, and you should only exchange your Contract if you <br> determine, after comparing the features, fees, and risks of both contracts, and any fees or <br> penalties to terminate the existing Contract, that it is preferable for you to purchase the new <br> contract rather than continue to own the existing Contract.<br>For more information on exchanges, please refer to "IX. Federal Tax Matters." |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**IV. Fee Tables** 

**The following tables describe the fees and expenses that you will pay when buying, owning and surrendering or making withdrawals from a Venture**<sup>®</sup> **Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.** 

**The first table describes the fees and expenses that you pay at the time you make withdrawals from Contract Values or surrender the Contract (or when you transfer Contract Value between Investment Options). State premium taxes may also be deducted.** 

**Transaction Expenses** 

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **John Hancock USA Contracts** | **John Hancock USA Contracts** | **John Hancock USA Contracts** | **John Hancock New York Contracts** | **John Hancock New York Contracts** | **John Hancock New York Contracts** |
|  | &nbsp;&nbsp; **Ven 20, 22,**<br> **2006**<br>| &nbsp;&nbsp; **Ven 7,**<br> **Ven 8**<br>| &nbsp;&nbsp; **Ven 1,**<br> **Ven 3**<br>| &nbsp;&nbsp; **Ven 24, 2006**<br> **with Payment**<br> **Enhancement**<br> **Rider**<br>| &nbsp;&nbsp; **Ven 24, 2006**<br> **without Payment**<br> **Enhancement**<br> **Rider**<br>| **Ven 9** |
| &nbsp;&nbsp; Withdrawal Charge<br> (as percentage of Purchase Payments)<sup>1</sup> <br>| 6%<sup>2</sup> <br>| 6%<sup>3</sup> <br>| 6%<sup>4</sup> <br>| 8%<sup>5</sup> <br>| 6%<sup>2</sup> <br>| 6%<sup>3</sup> <br>|
| Transfer Fee<sup>6</sup> <br>| $25 | $0 | $25 | $25 | $25 | $25 |

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<sup>1</sup>

*The charge is taken upon withdrawal or surrender on a first-in, first-out basis within the specified period of years measured from the date of each Purchase Payment. We calculate the amount of the withdrawal charge by multiplying the amount of the Purchase Payment being liquidated by the applicable withdrawal charge percentage shown above. The total withdrawal charge will be the sum of the withdrawal charges for the Purchase Payments being liquidated.* 

<sup>2</sup>

*This charge is 6% of each premium paid in the first and second year, 5% in the third and fourth year, 4% in the fifth year, 3% in the sixth year, 2% in the seventh year and 0% thereafter.* 

<sup>3</sup>

*This charge is 6% of each premium paid in the first and second year, 5% in the third year, 4% in the fourth year, 3% in the fifth year, 2% in the sixth year and 0% thereafter.* 

<sup>4</sup>

*This charge is 5% of each premium paid in the first, second, third, fourth and fifth year, and 0% thereafter.* 

<sup>5</sup>

*This charge is 8% of each premium paid in the first and second year, 7% in the third and fourth year, 5% in the fifth year, 4% in the sixth year, 3% in the seventh year, 1% in the eighth year and 0% thereafter.* 

<sup>6</sup>

*This fee is not currently assessed against transfers. We reserve the right to impose a charge in the future for transfers in excess of 12 per year. The amount of this fee will not exceed the lesser of $25 or 2% of the amount transferred.* 

**The following table describes fees and expenses that you pay each year during the time that you own the Contract. These tables do not include annual Portfolio operating fees and expenses. If you choose to purchase an optional benefit, you will pay additional charges, as shown below.** 

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**Annual Contract Expenses** <br>**John Hancock USA** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Venture**<sup>®</sup>**2006** | **Venture**<sup>®</sup>**2006** | **Ven 20, 22** | &nbsp;&nbsp; **Ven 3, Ven 7**<br> **and Ven 8**<br>| **Ven 1** |
| **Administrative Expenses**<sup>1</sup> | $30 | $30 | $30 | $30 | $30 |
| &nbsp;&nbsp; **Base Contract Expenses**<sup>2,3</sup> (as a percentage of <br> Separate Account value)<br>| &nbsp;&nbsp; **Contract Years**<br> **1-7**<br>| &nbsp;&nbsp; **Contract Years**<br> **8+**<br>|  |  |  |
|  | **1.15%** | **1.00%** | **1.40%** | **1.40%** | **1.30%** |
| **Optional Benefit Expenses** | &nbsp;&nbsp; **Contract Years**<br> **1-7**<br>| &nbsp;&nbsp; **Contract Years**<br> **8+**<br>|  |  |  |
| &nbsp;&nbsp; Optional Guaranteed Earnings Multiplier Fee (as a <br> percentage of the value of each Variable Investment <br> Option)<br>| not offered | not offered | 0.20% | not offered | not offered |
| &nbsp;&nbsp; Optional Annual Step-Up Death Benefit Fee (as a <br> percentage of the Variable Investment Options value)<sup>5</sup> <br>| 0.20% | 0.20% | not offered | not offered | not offered |
| **Fees Deducted from Contract Value:** |  |  |  |  |  |
| &nbsp;&nbsp; Optional Guaranteed Minimum Withdrawal Benefit <br> Rider Fee (maximum)<sup>6</sup> <br>| 1.20% | 1.20% | 1.20% | not offered | not offered |
| &nbsp;&nbsp; Optional Guaranteed Retirement Income Programs<br> (as a percentage of Income Base)<sup>7</sup> <br>| not offered | not offered | 0.50% | not offered | not offered |
| &nbsp;&nbsp; Optional Triple Protection Death Benefit<br> (as a percentage of Triple Protection Death Benefit)<sup>8</sup> <br>| not offered | not offered | 0.50% | not offered | not offered |

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<sup>1</sup>

*The $30 annual fee will not be assessed prior to the Maturity Date under a Venture*<sup>®</sup> *Contract if at the time of its assessment the Contract Value is greater than or equal to $99,000. This provision does not apply to Ven 1, Ven 3, Ven 7 or Ven 8 Contracts.* 

<sup>2</sup>

*We deduct from each of the Subaccounts a daily charge at an annual effective percentage of the Contract Value in the Variable Investment Options.* 

<sup>3</sup>

*This charge is assessed on all active Contracts, including Contracts continued by a Beneficiary upon the death of the Contract Owner.* 

<sup>4</sup>

*Amount shown includes the Mortality and Expense Risks Fee, Administration Fee as well as the Optional Guaranteed Earnings Multiplier Fee and the optional Annual Step-Up Death Benefit Fee, as applicable.* 

<sup>5</sup>

*The charge for the optional Annual Step-Up Death Benefit is 0.05% of the value of the Variable Investment Options if you purchased the Rider from John Hancock USA prior to May 2003 or from John Hancock New York prior to August 2005.* 

<sup>6</sup>

*See the chart below for the current and maximum fees for each guaranteed minimum withdrawal benefit Rider. This fee is deducted from the Contract Value.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*This is an annual charge applied as a percentage of the Adjusted Benefit Base (for the Income Plus For Life* <sup>®</sup> *Series Riders), and as a percentage of the Adjusted Guaranteed Withdrawal Balance (for the Principal Plus Rider, the Principal Plus for Life Series Riders, and the Principal Returns Rider).* 

<sup>7</sup>

*Guaranteed Retirement Income Programs could not be purchased if you elected to purchase Principal Plus or Principal Plus for Life. Availability varied by state and when you purchased your Contract. See Appendix D: "Optional Guaranteed Minimum Income Benefits" for availability. This fee is deducted from Contract Value. This is an annual charge applied as a percentage of the Income Base.* 

<sup>8</sup>

*Subject to state availability, the Triple Protection Death Benefit was offered from December 2003 through December 2004. This optional benefit could not be purchased, however, if you elected to purchase Principal Plus, Guaranteed Retirement Income Program, Guaranteed Retirement Income Program II, or Guaranteed Retirement Income Program III.* 

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**John Hancock New York** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Venture**<sup>®</sup>**2006** | **Venture**<sup>®</sup>**2006** | **Ven 24** | **Ven 9** |
| **Administrative Expenses**<sup>1</sup> | $30 | $30 | $30 | $30 |
| &nbsp;&nbsp; **Base Contract Expenses**<sup>2,3</sup><br> (as a percentage of Contract Value)<br>| &nbsp;&nbsp; **Contract Years**<br> **1-7**<br>| &nbsp;&nbsp; **Contract Years**<br> **8+**<br>|  |  |
|  | 1.00% | 0.85% | 1.25% | 1.25% |
|  | 0.15% | 0.15% | 0.15% | 0.15% |
| **Optional Benefit Expenses** | &nbsp;&nbsp; **Contract Years**<br> **1-7**<br>| &nbsp;&nbsp; **Contract Years**<br> **8+**<br>|  |  |
| **Fees deducted from Separate Account:**<sup>4</sup> |  |  |  |  |
| (as a percentage of the Variable Investment Options) |  |  |  |  |
| Optional Annual Step-Up Death Benefit Fee<sup>5</sup> <br>| 0.20% | 0.20% | not offered | not offered |
| Optional Payment Enhancement Fee | 0.35% | 0.35% | 0.35% | not offered |
| **Other Account Fees Deducted from Contract Value:** |  |  |  |  |
| &nbsp;&nbsp; Optional Guaranteed Minimum Withdrawal Benefit Rider Fee <br> (maximum)<sup>6</sup> <br>| 1.20% | 1.20% | 0.75% | not offered |
| &nbsp;&nbsp; Optional Guaranteed Retirement Income Programs<br> (as a percentage of Income Base)<sup>7</sup> <br>| not offered | not offered | 0.45% | not offered |

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<sup>1</sup>

*The $30 annual Contract Fee will not be assessed prior to the Maturity Date under a Venture*<sup>®</sup> *Contract if at the time of its assessment the Contract Value is greater than or equal to $99,000. This exclusion does not apply to Ven 9 Contracts.* 

<sup>2</sup>

*We deduct from each of the Subaccounts a daily charge at an annual effective percentage of the Contract Value in the Variable Investment Options unless otherwise noted. Please note that when the optional Payment Enhancement is chosen, the guaranteed rate applicable to any Fixed Investment Option is also reduced by 0.35%.* 

<sup>3</sup>

*This charge is assessed on all active Contracts, including Contracts continued by a Beneficiary upon the death of the Contract Owner.* 

<sup>4</sup>

*Amount shown includes the Mortality and Expense Risks Fee, Administration Fee as well as the Optional Guaranteed Earnings Multiplier Fee and the optional Annual Step-Up Death Benefit Fee, as applicable.* 

<sup>5</sup>

*The charge for the optional Annual Step-Up Death Benefit is 0.05% of the value of the Variable Investment Options if you purchased the Rider from John Hancock USA prior to May 2003 or from John Hancock New York prior to August 2005.* 

<sup>6</sup>

*See the chart below for the current and maximum fees for each guaranteed minimum withdrawal benefit Rider. This fee is deducted from the Contract Value.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*This is an annual charge applied as a percentage of the Adjusted Benefit Base (for the Income Plus For Life*<sup>®</sup> *Series Riders) and as a percentage of the Adjusted Guaranteed Withdrawal Balance (for the Principal Plus Rider, the Principal Plus for Life Series Riders and the Principal Returns Rider).* 

<sup>7</sup>

*Guaranteed Retirement Income Programs could not be purchased if you elected to purchase Principal Plus or Principal Plus for Life. Availability varied by state and when you purchased your Contract. See Appendix D: "Optional Guaranteed Minimum Income Benefits" for availability.* 

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**Optional Guaranteed Minimum Withdrawal Benefit Rider Fees** <br>**(as a percentage of Adjusted Benefit Base)** 

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| | | | |
|:---|:---|:---|:---|
| **Rider** | **Issued In** | **Maximum Fee** | **Current Fee** |
| Income Plus For Life <sup>®</sup> (Annual Step-Up Review)<sup>1</sup> <br>| *All states* | 1.20% | 0.60% |
| &nbsp;&nbsp; Income Plus For Life –Joint Life <sup>®</sup> Plus (Annual Step-Up <br> Review)<sup>1</sup> <br>| *All states except New York* | 1.20% | 0.60% |
| Income Plus For Life <sup>®</sup> (Quarterly Step-Up Review)<sup>1</sup> <br>| *All states except New York* | 1.20% | 0.75% |
| Income Plus For Life <sup>®</sup> (Quarterly Step-Up Review)<sup>1</sup> <br>| *New York* | 1.20% | 0.70% |
| Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review)<sup>1</sup> <br>| *All states except New York* | 1.20% | 0.75% |
| &nbsp;&nbsp; Income Plus For Life – Joint Life <sup>®</sup> (Quarterly Step-Up <br> Review))<sup>1</sup> <br>| *New York* | 1.20% | 0.70% |
| Income Plus For Life<sup>®</sup>12.08<sup>1</sup> <br>| *All states except New York* | 1.20% | 0.85% |
| Income Plus For Life<sup>®</sup>12.08<sup>1</sup> <br>| *New York* | 1.20% | 0.80% |
| Income Plus For Life - Joint Life<sup>®</sup>12.08<sup>1</sup> <br>| *All states except New York* | 1.20% | 0.85% |
| Income Plus For Life - Joint Life<sup>®</sup>12.08<sup>1</sup> <br>| *New York* | 1.20% | 0.80% |

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<sup>1</sup>

*For each Rider, we reserve the right to increase the charge to a maximum charge of 1.20% if the Benefit Base is stepped-up to equal the Contract Value.* 

**Optional Guaranteed Minimum Withdrawal Benefit Rider Fees** <br>**(as a percentage of Adjusted Guaranteed Withdrawal Balance)** 

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| | | | |
|:---|:---|:---|:---|
| **Rider** | **Issued In** | **Maximum Fee** | **Current Fee** |
| Principal Plus For Life Plus Automatic Annual Step-Up<sup>1</sup> <br>| All states | 1.20% | 0.70% |
| Principal Plus for Life | All states | 0.75% | 0.40% |
| Principal Plus | All states | 0.75% | 0.30% |
| Principal Returns | All states | 0.95% | 0.50% |

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**The next table describes the minimum and maximum total operating expenses charged by the Portfolios that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher or lower in the future. These amounts also include applicable Portfolio expenses if you choose to invest in certain Portfolios. A complete list of the Portfolios available under the Contract, including their annual expenses, maybe found in "Appendix: Portfolios Available Under the Contract" at the back of this document.** 

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| | | |
|:---|:---|:---|
| **Annual Portfolio Company Expenses** | **Minimum**<sup>1</sup> <br>| **Maximum** |
| &nbsp;&nbsp; (expenses that are deducted from Portfolio Company assets, including management fees, <br> distribution and/or service (Rule 12b-1 fees), and other expenses for Contracts issued on and <br> after May 13, 2002)<br>| 0.64% | 1.42% |
| &nbsp;&nbsp; (expenses that are deducted from Portfolio Company assets, including management fees, <br> distribution and/or service (Rule 12b-1 fees), and other expenses for Contracts issued prior to <br> May 13, 2002)<br>| 0.44% | 1.37% |

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<sup>1</sup>

*For Contracts issued prior to May 13, 2002, the range of expenses has a lower minimum because the Separate Account invests in Series 1 Portfolio shares for certain Variable Investment Options available under those Contracts.*

**Examples** 

We provide the following examples that are intended to help you compare the costs of investing in a Contract with the costs of investing in other variable annuity contracts. The costs we show include transaction expenses, annual Contract expenses, and Annual Portfolio Company Expenses.

The examples assume all Contract Value is allocated to the Variable Investment Options. Your costs could differ from those shown below if you invest in Fixed Investment Options.

The examples assume that you invest $100,000 in a Contract and that your investment has a 5% return each year. In the "Maximum Portfolio Operating Expenses" examples, we also assume that you will pay the most expensive combination of Annual Portfolio Company Expenses and optional benefits available for an additional charge. In the "Minimum Portfolio Operating Expenses" examples, we assume that you do not invest in any optional benefit Riders and that you will pay the

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minimum fees and expenses of any of the Portfolios and represents the least expensive way to purchase the Contract. Please note that the Rider fees are reflected as a percentage of the Adjusted Benefit Base or Adjusted Guaranteed Withdrawal Balance, which may vary in value from the total Variable Investment Option value.

Although we provide you with examples of the costs for a Contract based on these assumptions, your actual costs may be higher or lower.

**Example 1 (a):** Maximum Portfolio Operating Expenses – **Venture**<sup>®</sup> **2006** Contracts issued on or after November 23, 2009 with Annual Step-Up Death Benefit and Income Plus For Life<sup>®</sup> Riders

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| If you surrender the Contract at the end of the applicable time period: | $9398 | $16625 | $24233 | $42919 |
| &nbsp;&nbsp; If you annuitize, or do not surrender the Contract at the end of the applicable <br> time period:<br>| $3854 | $11897 | $20374 | $42919 |

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**Example 1 (b):** Minimum Portfolio Operating Expenses – **Venture**<sup>®</sup> **2006** Contracts issued on or after May 1, 2006 with no optional benefit Riders

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| If you surrender the Contract at the end of the applicable time period: | $7437 | $10701 | $13834 | $20725 |
| &nbsp;&nbsp; If you annuitize, or do not surrender the Contract at the end of the applicable <br> time period:<br>| $1848 | $5719 | $9834 | $20725 |

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**Example 2 (a):** Maximum Portfolio Operating Expenses – John Hancock USA Contracts (**Ven 20, 22**) issued before May 1, 2006 with Guaranteed Earnings Multiplier and Principal Plus for Life Riders

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| If you surrender the Contract at the end of the applicable time period: | $9136 | $15788 | $22681 | $39406 |
| &nbsp;&nbsp; If you annuitize, or do not surrender the Contract at the end of the applicable <br> time period:<br>| $3607 | $11046 | $18782 | $39406 |

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**Example 2 (b):** Minimum Portfolio Operating Expenses – **Ven 20, 22, 24** Contracts issued after May 13, 2002 and before May 1, 2006 with no optional benefit Riders

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| If you surrender the Contract at the end of the applicable time period: | $7484 | $10846 | $14091 | $21821 |
| &nbsp;&nbsp; If you annuitize, or do not surrender the Contract at the end of the applicable <br> time period:<br>| $1899 | $5872 | $10091 | $21821 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**V. Principal Risks of Investing in the Contract** 

**Risks Associated with Variable Investment Options.** The investment performance of any variable Investment Account may be good or bad, and you may lose the entire amount you invest in a Contract. You take all the investment risk for amounts allocated to one or more of the Subaccounts, which invest in Portfolios. The risk varies with each Investment Option. Your Contract Value will increase or decrease based on the investment performance of the variable Investment Accounts you have chosen. The variable Investment Accounts cover a broad spectrum of investment styles and strategies, some variable Investment Accounts are riskier than others. These risks (and potential rewards) are discussed in detail in the prospectuses of the Portfolios. The death benefit may also increase or decrease with investment experience.

We do not guarantee the investment results of any Portfolio. An investment in the Annuity is subject to the risk of poor investment performance, including negative investment performance, and the value of your investment can vary depending on the performance of the selected Portfolio(s), each of which has its own unique risks. You should review the Portfolios before making an investment decision.

**Risks Associated with Managed Volatility Portfolios.** During rising markets, the strategies employed to manage volatility could result in your Contract Value rising less than would have been the case if you had been invested in a Portfolio without the managed volatility strategy. The managed volatility strategy may also suppress the value of the guaranteed Rider benefits. On the other hand, the managed volatility strategy seeks to manage the volatility of returns and limit the magnitude of Portfolio losses during declining markets with high volatility, although there is no guarantee that it will do so. For more information see "VI. General Information About Us, the Separate Accounts and the Portfolios."

**Transfer Risk.** There is a risk that you will not be able to transfer your Contract's value from one variable Investment Account to another because of limitations on the dollar amount or frequency of transfers you can make. The limitations on transfers out of the Fixed Investment Option are more restrictive than those that apply to transfers out of variable Investment Accounts. If you purchased certain supplementary benefit Riders you will be subject to special transfer restrictions.

To discourage market timing and disruptive trading activity, we impose restrictions on transfers and reserve the right to change, suspend or terminate telephone, facsimile and internet transaction privileges. We apply these restrictions uniformly to each class of Contracts. While we seek to identify and prevent disruptive trading activity, it may not always be possible to do so. Therefore, no assurance can be given that the restrictions we impose will be successful in preventing all disruptive trading and avoiding harm to long term investors.

**Possible Adverse Tax Consequences.** The tax considerations associated with the Contract vary and can be quite complex. The tax considerations discussed in this prospectus are general in nature and describe only federal income tax law (not state, local, foreign or other federal tax laws). Before making a Purchase Payment or taking other action related to your Contract, please consult with a qualified tax professional with regard to the application of the law to your circumstances. For example, distributions from your Contract are generally subject to ordinary income taxation on the amount of any investment gain unless the distribution qualifies as a non-taxable exchange or transfer. In addition, if you take a distribution prior to the taxpayer's age 59½, you may be subject to a 10% additional tax in addition to ordinary income taxes on any gain.

**Early Surrender or Withdrawal Risk/Not a Short-Term Investment.** The Contract is unsuitable as a short-term savings vehicle because of the substantial Contract-level charges, including the surrender charge, as well as potential adverse tax consequences from such short-term use. Withdrawals could also result in surrender charges, taxes, and tax penalties, as applicable. Therefore, it is not an appropriate investment for an investor who needs ready access to cash. The Contract is designed to provide benefits on a long-term basis. There are surrender charges assessed if you surrender your Contract before the Maturity Date. Depending on the Contract Value at the time you are considering a surrender, there may be little or no Contract Value payable to you.

**Risk of Loss.** All investments have risks to some degree and it is possible that you could lose money by investing in the Contract. An investment in the Contract is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

**Insurance Company Risks.** Your investment in the Contract is subject to risks related to John Hancock USA or John Hancock New York, including that the obligations (including under the fixed account investment option), guarantees, or benefits are subject to the claims-paying ability of John Hancock USA or John Hancock New York. Information about John Hancock USA and John Hancock New York, including their financial strength ratings, are available upon request from your John Hancock representative. Our current financial strength ratings can also be obtained by contacting the Service Office at 1-800-344-1029.

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**Contract Changes Risk.** The Contract allows us to eliminate the shares of a Portfolio or substitute shares of another new or existing Portfolio, subject to applicable legal requirements. If shares of a Portfolio are no longer available for investment or in our judgment investment in a Portfolio becomes inappropriate, we may eliminate the shares of a Portfolio and substitute shares of another Portfolio, or of another open-end registered investment company. A substitution may be made with respect to both existing investments and the investment of future Purchase Payments. We accept Additional Purchase Payments for the Contract only in a limited number of circumstances, and you may be unable to make an Additional Purchase Payment.

**Purchase Payment Risk.** We reserve the right to refuse any Purchase Payment and to further limit your ability to make Additional Purchase Payments. If we exercise our right to suspend, reject, and/or place limitations on the acceptance of Additional Purchase Payments, you may be unable to, or limited in your ability to, increase your Contract Value through Additional Purchase Payments and therefore likewise limited in your ability to increase your death benefits and the values of a rider, if any. For more information, see "VII. Description of the Contract – Purchase Payments," in the Prospectus.

**Cybersecurity Risks.** Our business and operations are highly dependent upon the effective operation of our computer systems and those of our third-party business partners. As a result, there are potential operational and information security risks associated with attack, damage, or unauthorized access to the technologies and systems on which our business depends. These risks include, among other things, the unauthorized access, theft, loss, misuse, corruption, and destruction of data maintained online or digitally, denial of service on websites and other operational disruption, and unauthorized release of confidential customer information. Cyber-attacks affecting us, any third-party administrator, the underlying portfolios, intermediaries, and other affiliated or third-party service providers may adversely affect us and your Contract Value. For instance, cyber-attacks may interfere with the processing of actions taken on your Contract, including the processing of transactions and orders from our website or with the underlying portfolios, impact our ability to calculate unit values or an underlying portfolio to calculate a net asset value, or cause the release and possible destruction of confidential customer or business information. Cybersecurity risks may also impact the issuers of securities in which the underlying portfolios invest, which may cause the portfolios underlying your policy to lose value. While measures have been implemented that are designed to reduce cybersecurity risks, there can be no guarantee or assurance that we, the underlying portfolios, or our service providers will not suffer losses affecting your Contract due to cyber-attacks or information security breaches in the future.

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**VI. General Information about Us, the Separate Accounts and the Portfolios** 

**The Companies** 

Your Contract was issued by either John Hancock USA or John Hancock New York. Please refer to your Contract to determine which Company issued your Contract.

John Hancock USA, formerly known as "The Manufacturers Life Insurance Company (U.S.A.)," is a stock life insurance company originally organized under the laws of Maine on August 20, 1955, by a special act of the Maine legislature. John Hancock USA redomesticated under the laws of Michigan on December 30, 1992. John Hancock USA is authorized to transact life insurance and annuity business in all states (except New York), the District of Columbia, Guam, Puerto Rico and the Virgin Islands. Its principal office is located at 200 Berkeley Street, Boston, Massachusetts 02116. John Hancock USA also has an Annuities Service Center – its mailing address is PO Box 55444, Boston, MA 02205-5444; its overnight mail address is 372 University Ave – Suite 55444, Westwood, MA 02090; and its web address is www.johnhancock.com/annuities.

John Hancock New York, formerly known as "The Manufacturers Life Insurance Company of New York," is a wholly-owned subsidiary of John Hancock USA and is a stock life insurance company organized under the laws of New York on February 10, 1992. John Hancock New York is authorized to transact life insurance and annuity business only in the State of New York. Its principal office is located at 100 Summit Lake Drive, Valhalla, New York 10595. John Hancock New York also has an Annuities Service Center – its mailing address is PO Box 55445, Boston, MA 02205-5445; its overnight mail address is 372 University Ave – Suite 55445, Westwood, MA 02090; and its web address is www.johnhancock.com/annuities.

The ultimate parent of both companies is Manulife Financial Corporation, a publicly traded company, based in Toronto, Canada. Manulife Financial Corporation is the holding company of The Manufacturers Life Insurance Company and its subsidiaries, collectively known as Manulife. The Companies changed their names to John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, respectively, on January 1, 2005 following Manulife Financial Corporation's acquisition of John Hancock Financial Services, Inc.

The Company incurs obligations under the Contract to guarantee certain amounts, and investors must depend on the financial strength of the Company for satisfaction of the Company's obligations such as any Fixed Investment Option, the Lifetime Income Amount, the death benefit and any guaranteed amounts associated with our optional benefits Riders. Also, if you direct money into a DCA Fixed Investment Option that we may make available, the Company guarantees the principal value and the rate of interest credited to that Investment Option for the term of any DCA guarantee period. To the extent that the Company pays such amounts, the payments will come from the Company's General Account assets. You should be aware that, unlike the Separate Accounts, the Company's General Account is not segregated or insulated from the claims of the Company's creditors. The General Account consists of securities and other investments that may decline in value during periods of adverse market conditions. The Company's financial statements contained in the SAI include a further discussion of risks inherent within the Company's General Account investments.

**The Separate Accounts** 

You do not invest directly in the Portfolios made available under the Contracts. When you direct or transfer money to a Variable Investment Option, we will purchase shares of a corresponding Portfolio through one of our Separate Accounts. We hold the Portfolio's shares in a "Subaccount" (usually with a name similar to that of the corresponding Portfolio) of the applicable Separate Account. A Separate Account's assets (including the Portfolio's shares) belong to the Company that maintains that Separate Account.

For Contracts issued by John Hancock USA, we purchase and hold Portfolio shares in John Hancock Life Insurance Company (U.S.A.) Separate Account H, a Separate Account under the laws of Michigan.

For Contracts issued by John Hancock New York, we purchase and hold Portfolio shares in John Hancock Life Insurance Company of New York Separate Account A, a Separate Account under the laws of New York.

The income, gains and losses, whether or not realized, from assets of a Separate Account are credited to or charged against that Separate Account without regard to a Company's other income, gains, or losses. Nevertheless, all obligations arising under a Company's Contracts are general corporate obligations of that Company. Assets of a Separate Account may not be

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charged with liabilities arising out of any of the respective Company's other business. The Company is obligated to pay all amounts promised to investors under the Contracts.

We reserve the right, subject to compliance with applicable law: to add other Subaccounts; to eliminate existing Subaccounts; to combine Subaccounts or transfer assets in one Subaccount to another Subaccount that we, or an affiliated company, may establish; or (in states where permitted) to restrict or prohibit additional allocations to a Subaccount. We will not eliminate existing Subaccounts or combine Subaccounts without the prior approval of the appropriate state and/or federal regulatory authorities.

**The Portfolios** 

When you select a Variable Investment Option, we invest your money in a Subaccount of our Separate Accounts and it invests in shares of a corresponding Portfolio of the John Hancock Variable Insurance Trust.

**The Portfolios are NOT publicly traded mutual funds***.* The Portfolios are available to you only as Investment Options in the Contracts or, in some cases, through other variable annuity contracts or variable life insurance policies issued by us or by other life insurance companies. In some cases, the Portfolios also may be available through participation in certain tax-qualified pension, retirement or college savings plans.

*Investment Management* 

The Portfolios' investment advisers and managers may manage publicly traded mutual funds with similar names and investment objectives. However, the Portfolios are NOT directly related to any publicly traded mutual fund. You should not compare the performance of any Portfolio described in this Prospectus with the performance of a publicly traded mutual fund. **The performance of any publicly traded mutual fund could differ substantially from that of any of the Portfolios held in our Separate Account.** 

**Our Managed Volatility Portfolios** 

In selecting the Portfolios that are available as Investment Options under the Contract (or its optional benefit Riders), we may establish requirements that are intended, among other things, to mitigate market price and interest rate risk for compatibility with our obligations to pay guarantees and benefits under the Contract (and its optional benefit Riders). We seek to make available Investment Options that use strategies that are intended to lower potential volatility of returns and limit the magnitude of Portfolio losses. These include, but are not limited to, strategies that: encourage diversification in asset classes and style; combine equity exposure with exposure to fixed income securities; and allow us to effectively and efficiently manage our exposure under the Contract (and optional benefit Riders). The requirements we impose are intended to protect us from loss. They may increase a Portfolio's transaction costs, and may otherwise lower the performance and reduce the availability of Investment Options under the Contract (and/or under optional benefit Riders).

During rising markets, the strategies employed to manage volatility could result in your Contract Value rising less than would have been the case if you had been invested in a Portfolio without the managed volatility strategy. The managed volatility strategy may also suppress the value of the guaranteed Rider benefits. On the other hand, the managed volatility strategy seeks to manage the volatility of returns and limit the magnitude of Portfolio losses during declining markets with high volatility, although there is no guarantee that it will do so.

The four Managed Volatility Portfolios offered under the Contract have the following objectives and strategies:

**Managed Volatility Balanced Portfolio**. Seeks growth of capital and current income while seeking to both manage the volatility of return and limit the magnitude of Portfolio losses. The Portfolio seeks to limit the volatility of returns to a range of 8.25% to 10.25%. The Portfolio is a fund of funds and invests primarily in underlying portfolios that invest primarily in equity securities and underlying portfolios that invest primarily in fixed-income securities. The Portfolio's risk management strategy may cause the Portfolio's economic exposure to equity securities, fixed-income securities and cash and cash equivalents (either directly or through investment in underlying funds or derivatives) to fluctuate, and during extreme market volatility, the Portfolio's economic exposure to either equity securities or fixed-income securities could be reduced to 0% and its economic exposure to cash and cash equivalents could increase to 100%. The subadvisor normally will seek to limit the Portfolio's exposure to equity securities (either directly or through investment in underlying portfolios or derivatives) to no more than 55% and normally will seek to reduce any equity exposure in excess of this amount as soon as practicable.

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However, the subadvisor may determine in light of market or economic conditions that the limit should be exceeded to achieve the Portfolio's investment objective.

**Managed Volatility Conservative Portfolio**. Seeks current income and growth of capital while seeking to both manage the volatility of return and limit the magnitude of Portfolio losses. The Portfolio seeks to limit the volatility of returns to a range of 5.5% to 6.5% (as measured by annualized standard deviation of the Portfolio's returns). The Portfolio is a fund of funds and invests primarily in underlying portfolios that invest primarily in equity securities and underlying portfolios that invest primarily in fixed-income securities. The Portfolio's risk management strategy may cause the Portfolio's economic exposure to equity securities, fixed-income securities and cash and cash equivalents (either directly or through investment in underlying funds or derivatives) to fluctuate, and during extreme market volatility, the Portfolio's economic exposure to either equity securities or fixed-income securities could be reduced to 0% and its economic exposure to cash and cash equivalents could increase to 100%. The subadvisor normally will seek to limit the Portfolio's exposure to equity securities (either directly or through investment in underlying portfolios or derivatives) to no more than 22% and normally will seek to reduce any equity exposure in excess of this amount as soon as practicable. However, the subadvisor may determine in light of market or economic conditions that the limit should be exceeded to achieve the Portfolio's investment objective.

**Managed Volatility Growth Portfolio**. Seeks long-term growth of capital while seeking to both manage the volatility of return and limit the magnitude of Portfolio losses. The Portfolio seeks to limit the volatility of returns to a range of 11% to 13% (as measured by annualized standard deviation of the Portfolio's returns). The Portfolio is a fund of funds and invests primarily in underlying portfolios that invest primarily in equity securities and underlying portfolios that invest primarily in fixed-income securities. The Portfolio's risk management strategy may cause the Portfolio's economic exposure to equity securities, fixed-income securities and cash and cash equivalents (either directly or through investment in underlying funds or derivatives) to fluctuate, and during extreme market volatility, the Portfolio's economic exposure to either equity securities or fixed-income securities could be reduced to 0% and its economic exposure to cash and cash equivalents could increase to 100%. The subadvisor normally will seek to limit the Portfolio's exposure to equity securities (either directly or through investment in underlying portfolios or derivatives) to no more than 77% and normally will seek to reduce any equity exposure in excess of this amount as soon as practicable. However, the subadvisor may determine in light of market or economic conditions that the limit should be exceeded to achieve the Portfolio's investment objective.

**Managed Volatility Moderate Portfolio**. Seeks current income and growth of capital while seeking to both manage the volatility of return and limit the magnitude of Portfolio losses. The Portfolio seeks to limit the volatility of returns to a range of 7% to 9% (as measured by annualized standard deviation of the Portfolio's returns). The Portfolio is a fund of funds and invests primarily in underlying portfolios that invest primarily in equity securities and underlying portfolios that invest primarily in fixed-income securities. The Portfolio's risk management strategy may cause the Portfolio's economic exposure to equity securities, fixed-income securities and cash and cash equivalents (either directly or through investment in underlying Portfolio's or derivatives) to fluctuate, and during extreme market volatility, the Portfolio's economic exposure to either equity securities or fixed-income securities could be reduced to 0% and its economic exposure to cash and cash equivalents could increase to 100%. The subadvisor normally will seek to limit the Portfolio's exposure to equity securities (either directly or through investment in underlying portfolios or derivatives) to no more than 44% and normally will seek to reduce any equity exposure in excess of this amount as soon as practicable. However, the subadvisor may determine in light of market or economic conditions that the limit should be exceeded to achieve the Portfolio's investment objective.

*You can find a full description of each Portfolio, including the investment objectives, policies and restrictions of, and the risks relating to, investment in the Portfolio in the prospectus for that Portfolio.* 

The John Hancock Variable Insurance Trust is a so-called "series" type mutual fund and is registered under the 1940 Act as an open-end management investment company. John Hancock Variable Trust Advisers LLC ("JHVTA LLC") provides investment advisory services to the John Hancock Variable Insurance Trust and receives investment management fees for doing so. JHVTA LLC pays a portion of its investment management fees to other firms that manage the John Hancock Variable Insurance Trust's Portfolios (i.e., subadvisers). JHVTA LLC is our affiliate and we indirectly benefit from any investment management fees JHVTA LLC retains.

The John Hancock Variable Insurance Trust has obtained an order from the SEC permitting JHVTA LLC, subject to approval by the Board of Trustees, to change a subadviser for a Portfolio or the fees paid to subadvisers and to enter into new subadvisory agreements from time to time without the expense and delay associated with obtaining shareholder approval of the change. This order does not, however, permit JHVTA LLC to appoint a subadviser that is an affiliate of JHVTA LLC or

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the John Hancock Variable Insurance Trust (other than by reason of serving as subadviser to a Portfolio) (an "Affiliated Subadviser") or to change a subadvisory fee of an Affiliated Subadviser without the approval of shareholders.

If shares of a Portfolio are no longer available for investment or in our judgment investment in a Portfolio becomes inappropriate, we may eliminate the shares of a Portfolio and substitute shares of another Portfolio, or of another open-end registered investment company. A substitution may be made with respect to both existing investments and the investment of future Purchase Payments. However, we will make no such substitution without first notifying you and obtaining approval of the SEC (to the extent required by the 1940 Act).

*Portfolio Expenses* 

Fees and expenses of the Portfolios include investment management fees, Rule 12b-1 fees and other operating expenses. The fees and expenses are not fixed or specified under the terms of the Contracts and may vary from year to year. These fees and expenses differ for each Portfolio and reduce the investment return of each Portfolio. Therefore, they also indirectly reduce the return you might earn on any Separate Account Investment Options.

The Portfolios pay us or certain of our affiliates compensation for some of the distribution, administrative, shareholder support, marketing and other services we or our affiliates provide to the Portfolios. The amount of this compensation is based on a percentage of the assets of the Portfolio attributable to the variable insurance products that we and our affiliates issue. These percentages may differ from Portfolio to Portfolio and among classes of shares within a Portfolio. In some cases, the compensation is derived from the Rule 12b-1 fees which are deducted from a Portfolio's assets and paid for the services we or our affiliates provide to that Portfolio. Compensation payments may be made by a Portfolio's investment adviser or its affiliates. We pay American Funds Distributors, Inc., the principal underwriter for the American Fund Insurance Series, a percentage of some or all of the amounts allocated to the "American Fund Portfolios" of the John Hancock Variable Insurance Trust for the marketing support services it provides. None of these compensation payments results in any additional charge to you.

*Funds of Funds and Master-Feeder Funds* 

Each of the John Hancock Variable Insurance Trust's Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio, Lifestyle Moderate Portfolio, Managed Volatility Balanced Portfolio, Managed Volatility Conservative Portfolio, Managed Volatility Growth Portfolio and Managed Volatility Moderate Portfolio, is a "fund of funds" that invests in other underlying mutual funds (collectively, the "Funds of Funds"). Expenses for a fund of funds may be higher than those for other Portfolios because a fund of funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying portfolios in which it invests. The prospectus for each of the Funds of Funds contains a description of the underlying portfolios for that Portfolio, including expenses of those portfolios, associated investment risks, and deductions from and expenses paid out of the assets of the Portfolio.

Each of the John Hancock Variable Insurance Trust's American Asset Allocation, American Global Growth, American Growth and American Growth-Income("JHVIT American Fund Portfolios") invests in Class 1 shares of the corresponding investment portfolio of a "master" fund. The JHVIT American Fund Portfolios operate as "feeder funds," which means that each Portfolio does not buy investment securities directly. Instead, it invests in a corresponding master fund which in turn purchases investment securities. Each of the JHVIT American Fund Portfolios has the same investment objective and limitations as its corresponding master fund. The prospectus for the American Fund master funds is included with the prospectuses for the JHVIT American Fund Portfolios.

*Portfolio Investment Objectives* 

The value of your Contract will increase or decrease based on the investment performance of the variable Investment Options you choose. You bear the risk that the variable Investment Options you select may fail to meet their objectives, that they could decrease in value, and that you could lose principal. There is a risk of loss of the entire amount invested. Information regarding each Portfolio Company, including its name, a brief statement concerning its investment objectives, its investment adviser and any sub-investment adviser, current expenses, and performance is available in "Appendix: Portfolios Available Under the Contract."

**You can obtain a copy of a Portfolio's prospectus (including the prospectus for a master fund for any of the Portfolios that are operated as feeder funds), without charge, by contacting us at the Annuities Service Center website, phone number or address shown on the back cover of this Prospectus. Please read the Portfolio's prospectus carefully before investing in the corresponding Variable Investment Option.**

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**You can find a full description of each Portfolio in the prospectus for that Portfolio, including the investment objectives, policies and restrictions of, and the risks relating to, investment in the Portfolio. You should disregard any reference to Series I shares of the John Hancock Variable Insurance Trust if your Contract was issued after May 13, 2002. For Contracts issued prior to that date, we invest the assets of each Subaccount corresponding to a John Hancock Variable Insurance Trust Portfolio in Series I shares of that Portfolio (except in the case of Portfolios that commenced operations on or after May 13, 2002). More detail concerning each Portfolio's fees and expenses is contained in the Portfolio's prospectus.** 

**The Portfolios available may be restricted if you purchased a guaranteed minimum withdrawal benefit Rider (see Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits").**

**Voting Interest** 

We will vote Portfolio shares held in a Separate Account at any Portfolio shareholder meeting in accordance with timely voting instructions received from the persons having the voting interest under the Contract. We will determine the number of Portfolio shares for which voting instructions may be given not more than 90 days prior to the meeting. We will arrange for voting materials to be distributed to each person having the voting interest under the Contract together with appropriate forms for giving voting instructions. If there are shares of a Portfolio held by a Subaccount for which we do not receive timely voting instructions, we will vote those shares in the same proportion as the total votes for all of our registered separate accounts for which we have received timely instructions, We will vote all Portfolio shares that we hold directly in our General Account in the same proportion as the total votes for all our registered separate accounts and those of any of our affiliates for which we have received timely instructions. One effect of this proportional voting is that a small number of Contract Owners can determine the outcome of a vote.

During the Accumulation Period, the Contract Owner has the voting interest under a Contract. We determine the number of votes for each Portfolio for which voting instructions may be given by dividing the value of the Investment Account corresponding to the Subaccount in which such Portfolio shares are held by the net asset value per share of that Portfolio.

During the Pay-out Period for a variable annuity option, the Annuitant has the voting interest under a Contract. We determine the number of votes as to each Portfolio for which voting instructions may be given by dividing the reserve for the Contract allocated to the Subaccount in which such Portfolio shares are held by the net asset value per share of that Portfolio. Generally, the number of votes tends to decrease as annuity payments progress because the amount of reserves attributable to a Contract will usually decrease after commencement of annuity payments.

We reserve the right to make any changes in the voting rights described above that may be permitted by the federal securities laws, regulations, or interpretations thereof.

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**VII. Description of the Contract** 

**Eligible Plans** 

Contracts may have been issued to fund plans qualifying for special income tax treatment under the Code, such as individual retirement accounts and annuities ("IRAs"), pension and profit-sharing plans for corporations and sole proprietorships/partnerships ("H.R. 10" and "Keogh" plans), tax-sheltered annuities, and state and local government deferred compensation plans (see "IX. Federal Tax Matters"). The Contracts are not designed to fund a comingled account for multiple participants in a Qualified Plan. The Contracts are designed so that they may be used with nonqualified retirement plans, such as payroll savings plans and such other groups (with or without a trustee), or issued as individually owned nonqualified contracts, as may be eligible under applicable law.

Please consult with a qualified tax professional for more information if you are considering a conversion of your Qualified Contract to a Roth account. You should also consider that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contracts are not designed to hold both Roth and non-Roth accounts; we do not separately account for any part of any Purchase Payments, Contract Value or any Annuity Payments as attributable to both a Roth account and a non-Roth account, *even if permitted in your Qualified Plan*, and that you or your plan administrator will be responsible for any tax related accounting required by such a split; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any transfer of Contract Value from a Contract used to fund a non-Roth account to a Roth account permitted in your Qualified Plan (or from a Contract used to fund a Roth account to a non-Roth account) may incur withdrawal charges.

Please see "IX. Federal Tax Matters – General Information Regarding Qualified Contracts" for additional information about the use of the Contract in connection with Qualified Plans.

**Eligibility Restrictions – Section 403(b) Plans**. For information regarding Contracts issued for use in an existing retirement plan intended to qualify under section 403(b) of the Code (a "Section 403(b) Plan" or a "403(b) Plan"), please see "IX. Federal Tax Matters."

**Beneficiary IRAs.** For all Contracts that offered optional benefit Riders, effective February 2, 2009, we no longer allowed you to establish a new Beneficiary IRA that included any optional benefit Rider, nor do we allow anyone with an existing Beneficiary IRA that does not have an optional benefit Rider to subsequently elect any optional benefit Rider. The restriction includes all optional benefit Riders that were otherwise available under the Contract (see Appendix B: "Optional Enhanced Death Benefits," Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits," and Appendix D: "Optional Guaranteed Minimum Income Benefits," to determine what optional benefit Riders, if any, were available).

We will continue to support existing Beneficiary IRAs that already include optional benefit Riders.

**Eligible Groups**. John Hancock USA has issued group contracts to Venture<sup>®</sup> Trust, as group holder for groups comprised of persons who have brokerage accounts with brokers having selling agreements with John Hancock Distributors LLC, the principal underwriter of the Contracts.

**Accumulation Period Provisions** 

*Standard/Optional Benefits* 

In addition to the standard death benefits associated with your Contract, other standard and/or optional benefits may also be available to you. The "Benefits Available Under the Contract" table below summarizes information about those benefits. There are restrictions and limitations relating to optional benefits, as well as conditions under which an optional benefit may be modified or terminated by us. For example, certain optional benefit riders may result in restrictions upon some of the Contract benefits, including availability of Investment Options. Withdrawals that exceed limits specified by the terms of an optional benefit may affect the availability of the benefit by reducing the benefit by an amount greater that the value withdrawn, and/or could terminate the benefit. Information about the fees associated with each benefit included in the tables may be found in "IV. Fee Tables."

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*Purchase Payments* 

**Restrictions on Additional Purchase Payments for Nonqualified Contracts with a Guaranteed Minimum Withdrawal Benefit Rider.** Under our current administrative rules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment, without our prior approval, after the first Contract Anniversary following the Rider Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in New Jersey or Oregon)* You may not make an Additional Purchase Payment, without our prior approval, if your total Additional Purchase Payments would exceed $100,000.

Additional Purchase Payments for Nonqualified Contracts with a guaranteed minimum withdrawal benefit Rider are also subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment, without our prior approval, if your Contract Value exceeds $1 million at the time of payment or if your Contract Value is less than $1 million and the Additional Purchase Payment would cause your Contract Value to exceed $1 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment if your GMWB Rider is in the Settlement Phase.

**Restrictions on Additional Purchase Payments for Qualified Contracts (Including IRAs) with a Guaranteed Minimum Withdrawal Benefit Rider.** Under our current administrative rules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment, without our prior approval, at any time after the Age 65 Contract Anniversary on a Qualified Contract with a GMWB Rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in New Jersey or Oregon)* You may not make an Additional Purchase Payment, without our prior approval, after the later of the first Contract Anniversary following the Rider Date or the Age 65 Contract Anniversary if your total Additional Purchase Payments after the first Contract Anniversary would exceed $100,000.

Additional Purchase Payments for Qualified Contracts with a GMWB Rider are also subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment, without our prior approval, if your Contract Value exceeds $1 million at the time of payment or if your Contract Value is less than $1 million and the Additional Purchase Payment would cause your Contract Value to exceed $1 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment after the oldest Covered Person becomes age 81 or if your GMWB Rider is in the Settlement Phase.

**Additional Purchase Payments for Contracts Issued With or Without a Guaranteed Minimum Withdrawal Benefit Rider.** Additional Purchase Payments must be at least $30, unless you purchased a **Ven 1** Contract. In that case, Additional Purchase Payments must be $25 for a **Ven 1** Qualified Contract and $300 for a **Ven 1** Nonqualified Contract. All Additional Purchase Payments must be in U.S. dollars.

We may provide for periodic Additional Purchase Payments to be automatically paid or transferred from your bank account, brokerage account or other account you hold at a similar financial institution ("Financial Account Plan") or deducted from your paycheck ("Payroll Plan") on a periodic basis. If an Additional Purchase Payment would cause your contract values in this Contract plus any other variable annuity contracts with the same Owner or Annuitant, issued by us or our affiliates (your "total contract values"), to exceed $1 million, or if your total contract values already exceed $1 million, you must obtain our prior approval in order to make the Purchase Payment.

We may refuse to accept any Purchase Payment under a **Ven 1** Contract in excess of $10,000 per Contract Year.

**Additional Purchase Payments made through Financial Account Plans and Payroll Plans.** Under our current administrative rules, you may request us to accept periodic Additional Purchase Payments under the terms of a Contract issued *without* a GMWB Rider that are automatically paid or transferred from your bank account, brokerage account or other account you hold at a similar financial institution ("Financial Account Plan") or in connection with a payroll deduction plan ("Payroll Plan"). Under our current administrative rules, we will continue to accept periodic Additional Purchase Payments for a Contract *with* a GMWB Rider when made in connection with a Financial Account Plan or Payroll Plan if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Financial Account Plan or Payroll Plan was in effect prior to May 4, 2012;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no automatic withdrawal program from your Contract is in effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your GMWB Rider is not in the Settlement Phase.

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For Qualified Contracts with a GMWB Rider, you may not make an Additional Purchase Payment under a Financial Account Plan or Payroll Plan after the oldest Covered Person becomes age 81.

**Contracts Issued for Use With Tax-Qualified Retirement Plans**. Whether you can make regular contributions to the contract will generally depend on whether you have the necessary earned income for the year. Other restrictions may apply depending on your plan. Restrictions may apply for Contracts issued for use in a retirement plan intended to qualify under section 403(b) of the Code. Please consult with a qualified tax professional for additional information.

**Initial Purchase Payments**. We no longer issue the Contracts and do not accept initial Purchase Payments for new Contracts. We provide information regarding initial Purchase Payment requirements for the Contracts in the SAI.

**Approval of Additional Purchase Payment to Prevent Cancellation of Contracts**. We will mail notice to you at your last known address if we intend to cancel a Contract, where permitted by state law, at the end of any two consecutive Contract Years (three for Contracts issued in New York) in which no Purchase Payments have been made, in order to allow you to make the necessary Additional Purchase Payment to keep your Contract in force.

If permitted by state law, we may cancel a Contract at the end of any **<u>two</u>** consecutive Contract Years (**<u>three</u>** for Contracts issued in New York) in which no Purchase Payments have been made, if both:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the total Purchase Payments made over the life of the Contract, less any withdrawals, are less than $2,000; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value at the end of such two-year period is less than $2,000.

In addition, if your account value becomes less than the annual administration and/or Rider fee amounts, we may cancel your Contract, retaining any remaining value to cover a portion of the annual fee costs. If the Contract has a Rider, we will refund the income base amount in the form of a lump sum payment.

As a matter of administrative practice, the respective Company will attempt to notify you prior to any such cancellation in order to allow you to make the necessary Additional Purchase Payment (if not otherwise restricted) to keep your Contract in force. The cancellation of Contract provisions may vary in certain states to comply with the requirements of insurance laws and regulations in such states. If we cancel your Contract, we will pay you the Contract Value computed as of the period from one Business Day to the next (the "valuation period") during which the cancellation occurs, reduced by any Withdrawal Charges, Contract Fees and Rider Fees. For IRAs, you must be eligible to make an IRA contribution. For any IRA benefit refund amounts over $200, you must receive prior notice for federal tax withholding election (and state where applicable). The amount paid is treated as a withdrawal for federal tax purposes and thus may be subject to income tax and to a 10% penalty tax (see "IX. Federal Tax Matters").

**Allocation of Purchase Payments**. You designate how your Purchase Payments are to be allocated among the Investment Options (subject to the restrictions described below). You may change the allocation of Additional Purchase Payments at any time by notifying us in writing (or by telephone or electronically if you comply with our telephone or electronic transaction procedures described in "Telephone and Electronic Transactions" in this section, below).

**Restrictions on the Money Market Investment Option**. You are not permitted to make new investments in the Money Market Investment Option. Transfers of amounts from other Investment Options into the Money Market Investment Option also are not permitted (please refer to "Transfers You May Make Among Investment Options" in this section, below). If you currently have Contract Value in the Money Market Investment Option, you may continue to keep that Contract Value in Money Market, but any transfer or withdrawal from Money Market cannot be replaced. However, if you are enrolled in an Asset Rebalancing Program that includes scheduled transfers of Contract Value into the Money Market Investment Option, then the program will continue to make those transfers (see "Special Transfer Services - Asset Rebalancing Program" in this section, below).

**Modification of Additional Purchase Payment Requirements**. We may modify, suspend, waive or terminate our restrictions on Additional Purchase Payments at any time. This may include, but is not limited to, circumstances where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you obtain our prior approval to make Additional Purchase Payments for Contracts with or without GMWB Riders, and we waive our restrictions; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• we impose additional restrictions on, or eliminate, your ability to make any Additional Purchase Payments through Financial Account Plans and/or Payroll Plans.

**Maximum Number of Investment Options**. There is no limit on the number of Investment Options to which you may allocate Purchase Payments.

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*Payment Enhancement* 

The optional Payment Enhancement Rider was not available for any John Hancock USA Contract, or any John Hancock New York Contracts issued prior to January 1, 2001 or on or after November 12, 2007. The Payment Enhancement Rider was only available with Contracts issued in New York by John Hancock New York. You may only have elected the Payment Enhancement Rider at issue and, once elected, it is irrevocable. The minimum initial Purchase Payment required to elect the Payment Enhancement was $10,000. We imposed an additional fee for the Payment Enhancement Rider and Contracts with this feature are subject to a higher withdrawal charge for a longer period of time.

If you elected the Payment Enhancement Rider, we add a Payment Enhancement to your Contract when you make a Purchase Payment. The Payment Enhancement is equal to 4% of the Purchase Payment and is allocated among Investment Options in the same proportion as your Purchase Payment. For John Hancock New York Contracts issued on or after July 12, 2004 and prior to November 1, 2004, or between October 16, 2006 and April 30, 2007, the Payment Enhancement is 5%. The Payment Enhancement is funded from John Hancock New York's General Account.

**Purchase Payments Which Are Not Eligible for a Payment Enhancement**. If the Owner's Spouse is the Beneficiary, the Spouse continues the Contract as the new Owner and a death benefit is paid upon the death of the Spouse. For purposes of calculating this death benefit, the death benefit paid upon the first Owner's death will be treated as a Purchase Payment to the Contract. Such Purchase Payment will not be eligible for a Payment Enhancement.

**Tax Considerations**. Payment Enhancements are not considered to be "investment in the contract" for income tax purposes (see "IX. Federal Tax Matters").

**Matters to Consider About the Payment Enhancement**. There may be circumstances where you may be worse off for having purchased a Contract with a Payment Enhancement as opposed to a Contract without a Payment Enhancement. For example, the higher charges for a Contract with a Payment Enhancement may over time exceed the amount of the Payment Enhancement and any earnings thereon. Before making any allowable Additional Purchase Payments, you and your financial representative should consider:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The length of time that you plan to own your Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The frequency, amount and timing of any partial surrenders; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amount and frequency of your Additional Purchase Payments.

We expect to make a profit from the Payment Enhancement. The charges used to recoup the expense of paying the Payment Enhancement include the withdrawal charge and the asset-based charges (see "VIII. Charges and Deductions").

If you are eligible and would like to make Additional Purchase Payments to a Contract in connection with certain Qualified Plans, then special considerations regarding the Payment Enhancement may apply. Corporate and self-employed pension and profit sharing plans, as well as tax-sheltered annuity plans, are subject to nondiscrimination rules. The nondiscrimination rules generally require that benefits, rights, or features of the plan not discriminate in favor of highly compensated employees. In evaluating whether Additional Purchase Payments to your Contract are suitable in connection with such a Qualified Plan, you should consider the effect of the Payment Enhancement on the plan's compliance with the applicable nondiscrimination requirements. Violation of these nondiscrimination rules can cause loss of the plan's tax favored status under the Code (see "IX. Federal Tax Matters").

**Additional Charges for the Payment Enhancement**. If you elected the Payment Enhancement Rider, the Separate Account Annual Expenses are increased by 0.35%. The guaranteed interest rate on Fixed Investment Options is reduced by 0.35%. In addition, each Purchase Payment will be subject to a higher withdrawal charge for a longer period of time. The maximum withdrawal charge if the Payment Enhancement is elected is 8% (as opposed to 6% with no Payment Enhancement) and the withdrawal charge period is 8 years if the Payment Enhancement is elected (as opposed to 7 years with no Payment Enhancement).

*Accumulation Units* 

During the Accumulation Period, we establish an Investment Account for you for each Variable Investment Option to which you allocate a portion of your Contract Value. We credit amounts to those Investment Accounts in the form of "accumulation units" to measure the value of the variable portion of your Contract during the Accumulation Period. We calculate and credit the number of accumulation units in each of your Contract's Investment Accounts by dividing (i) the amount allocated to that

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Investment Account by (ii) the value of an accumulation unit for that Investment Account we *next* compute after a purchase transaction is complete.

We usually credit an approved Additional Purchase Payment received by mail or wire transfer that we accept on the Business Day on which it is received in Good Order at our Annuities Service Center. We will promptly return any amount that we do not accept as an Additional Purchase Payment or that is otherwise not in Good Order.

We deduct accumulation units based on the value of an accumulation unit we next compute each time you make a withdrawal or transfer amounts from an Investment Option, and when we deduct certain Contract charges, pay death benefit proceeds, or apply amounts to an Annuity Option.

Automated transactions include transfers under Dollar Cost Averaging and the Asset Rebalancing program, pre-scheduled withdrawals or Purchase Payments, Required Minimum Distributions, substantially equal periodic payments under section 72(t) or 72(q) of the Code, transactions scheduled to occur on your Contract Anniversary, and annuity payments. Automated transactions are processed and valued as of the date they are scheduled, unless the scheduled day is not a Business Day. In that case the transaction will be processed and valued on the next Business Day unless, with respect to Required Minimum Distributions, substantially equal periodic payments under section 72(t) or 72(q) of the Code, and annuity payments only, the next Business Day falls in the subsequent calendar year, in which case the transaction will be processed and valued on the prior Business Day.

*Value of Accumulation Units* 

The value of your accumulation units will vary from one Business Day to the next depending upon the investment results of the Investment Options holding Contract assets. We arbitrarily set the value of an accumulation unit for each Subaccount on the first Business Day the Subaccount was established. We determine the value of an accumulation unit for any subsequent Business Day by multiplying (i) the value of an accumulation unit for the immediately preceding Business Day by (ii) the "net investment factor" for that Subaccount (described below) for the Business Day on which the value is being determined. We value accumulation units as of the end of each Business Day. We deem a Business Day to end, for these purposes, at the time a Portfolio determines the net asset value of its shares.

We use a Portfolio share's net asset value at the end of a Business Day to determine the accumulation unit value for a Purchase Payment, withdrawal or transfer transaction *only if*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Purchase Payment transaction is complete before the close of daytime trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time) for that Business Day, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• we receive your request for a withdrawal or transfer of Contract Value at the Annuities Service Center before the close of daytime trading on the New York Stock Exchange for that Business Day.

*Net Investment Factor* 

The net investment factor is an index used to measure the investment performance of a Subaccount over a valuation period. The net investment factor may be greater than, less than or equal to one; therefore, the value of an accumulation unit may increase, decrease or remain the same. The net investment factor for each Subaccount for any valuation period is determined by dividing (a) by (b) and subtracting (c) from the result, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the net asset value per share of a Portfolio share held in the Subaccount determined at the end of the current valuation period, plus any dividends and distributions received per share during the current valuation period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the net asset value per share of a Portfolio share held in the Subaccount determined as of the end of the immediately preceding valuation period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is a factor representing the charges deducted from the Subaccount on a daily basis for Separate Account annual expenses.

*Transfers You May Make Among Investment Options* 

During the Accumulation Period, you may transfer amounts among the Variable Investment Options, subject to the frequent trading restrictions set forth below.

You may make a transfer by providing written notice to us, by telephone or by other electronic means that we may provide through the internet (see "Telephone and Electronic Transactions," below). We will cancel accumulation units from the

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Investment Account from which you transfer amounts and we will credit accumulation units to the Investment Account to which you transfer amounts. Your Contract Value on the date of the transfer will not be affected by a transfer. We reserve the right to require your transfers to be at least $300 or, if less, the entire value of the Investment Account. If after the transfer the amount remaining in the Investment Account is less than $100, then we may transfer the entire amount instead of the requested amount.

Currently, we do not impose a charge for transfer requests. The first twelve transfers in a Contract Year are free of any transfer charge. For each additional transfer in a Contract Year, we do not currently assess a charge but we reserve the right (to the extent permitted by your Contract) to assess a reasonable charge (not to exceed the lesser of $25 or 2% of the amount transferred) to reimburse us for the expenses of processing transfers.

**Frequent Transfer Restrictions**. Investment Options in variable annuity and variable life insurance products can be a target for abusive transfer activity because these products value their Investment Options on a daily basis and allow transfers among Investment Options without immediate tax consequences. As a result, some investors may seek to transfer frequently into and out of Variable Investment Options in reaction to market news or to exploit some perceived pricing inefficiency. Whatever the reason, frequent transfer activity can harm long-term investors in a Variable Investment Option because such activity may expose a Variable Investment Option's underlying Portfolio to increased Portfolio transaction costs and/or disrupt the Portfolio manager's ability to effectively manage a Portfolio in accordance with its investment objective and policies, both of which may result in dilution with respect to interests held for long-term investment.

To discourage disruptive frequent trading activity, we have adopted a policy for each Separate Account to restrict transfers you make to two per calendar month per Contract, with certain exceptions, and have established procedures to count the number of transfers made under a Contract. Under the current procedures of the Separate Accounts, we count all transfers made during each Business Day as a **single** transfer. We do **not** count: (a) scheduled transfers made pursuant to our Dollar Cost Averaging program or our Asset Rebalancing Program; (b) transfers from a Fixed Investment Option at the end of its guarantee period; (c) transfers made within a prescribed period before and after a substitution of underlying Portfolios; or (d) transfers made during the Pay-out Period (these transfers are subject to a 30-day notice requirement, however, as described below in "Pay-out Period Provisions – Transfers During Pay-out Period"). Under each Separate Account's policy and procedures, a Contract Owner may transfer Contract Value to the Ultra Short Term Bond Investment Option even if the Contract Owner reaches the two-transfers-per-month limit, as long as 100% of the Contract Value in all Variable Investment Options is transferred to the Ultra Short Term Bond Investment Option. If such a transfer to the Ultra Short Term Bond Investment Option is made, for a 30-calendar day period after such transfer, a Contract Owner may not make any subsequent transfers from the Ultra Short Term Bond Investment Option to another Variable Investment Option. We apply each Separate Account's policy and procedures uniformly to all Contract Owners.

In addition to the transfer restrictions that we impose, the John Hancock Variable Insurance Trust has adopted policies under Rule 22c-2 of the 1940 Act to detect and deter abusive short term trading. Accordingly, a Portfolio may require us to impose trading restrictions if it discovers violations of its frequent short- term trading policy. We will provide tax identification numbers and other Contract Owner transaction information to a Portfolio upon request which it may use to identify any pattern or frequency of activity that violates its short-term trading policy.

We reserve the right to take other actions to restrict trading, including, but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• restricting the number of transfers made during a defined period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• restricting the dollar amount of transfers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• restricting the method used to submit transfers (e.g., requiring transfer requests to be submitted in writing via U.S. mail); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• restricting transfers into and out of certain Subaccount(s).

In addition, we reserve the right to defer a transfer at any time we are unable to purchase or redeem shares of the Portfolios (see "Withdrawals" in this section, below, for details on what suspensions of redemptions may be permissible). We also reserve the right to modify or terminate the transfer privilege at any time (to the extent permitted by applicable law).

While we seek to identify and prevent disruptive frequent trading activity, it is not always possible to do so. Therefore, we cannot provide assurance that the restrictions we impose will be successful in restricting disruptive frequent trading activity and avoiding harm to long-term investors.

**Additional Transfer Requirements for Ven 1 Contracts.** Under the **Ven 1** Contract, a Contract Owner may transfer prior to the Maturity Date amounts among Investment Accounts of the Contract without charge, but such transfers cannot be made on

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more than two occasions in any Contract Year. After annuity payments have been made for at least 12 months under a **Ven 1** Contract, all or a portion of the Contract Value held in a Subaccount with respect to the Contract may be transferred by the Annuitant to one or more other Subaccounts. Such transfers can be made only once each 12 months upon notice to us at least 30 days before the due date of the first annuity payment to which the change will apply.

*Telephone and Electronic Transactions* 

We permit you to request transfers by telephone. You may also apply to request withdrawals by telephone or if eligible, electronically through your registered online account. We additionally encourage you to access information about your Contract, request transfers and perform some transactions electronically through the internet. If you have not done so, we encourage you to register for electronic delivery of your transaction confirmations. Please contact us at the telephone number or internet address shown on the back cover of this Prospectus for more information on electronic transactions.

To access information and perform electronic transactions through our website, you will be required to create an account with a username and password, and maintain a valid e-mail address. You may also authorize other people to make certain transaction requests by telephone by sending us instructions in a form acceptable to us. If you register for electronic delivery, we keep your personal information confidential and secure, and we do not share this information with outside marketing agencies.

We are not liable for following instructions communicated by telephone or electronically that we reasonably believe to be genuine. We employ reasonable procedures to confirm that instructions we receive are genuine. Our procedures require you to provide information to verify your identity when you call us and we record all conversations with you. When someone contacts us by telephone and follows our procedures, we assume that you are authorizing us to act upon those instructions. For electronic transactions through the internet, you need to provide your username and password. You are responsible for keeping your password confidential and must notify us of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any loss or theft of your password; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any unauthorized use of your password.

We may be liable for any losses due to unauthorized or fraudulent instructions only where we fail to employ our procedures properly.

All transaction instructions we receive by telephone or electronically will be followed by either a hardcopy or electronic delivery of a transaction confirmation. Transaction instructions we receive by telephone or electronically before the close of any Business Day will usually be effective at the end of that day. Your ability to access or transact business electronically may be limited due to circumstances beyond our control, such as system outages, or during periods when our telephone lines or our website may be busy. We may, for example, experience unusual volume during periods of substantial market change.

We may suspend, modify or terminate our telephone or electronic transaction procedures at any time. We may, for example, impose limits on the maximum Withdrawal Amount available to you through a telephone transaction. Also, as stated earlier in this Prospectus, we have imposed restrictions on transfers and reserve the right to take other actions to restrict trading, including the right to restrict the method used to submit transfers (*e.g*., by requiring transfer requests to be submitted in writing via U.S. mail). We also reserve the right to suspend or terminate the transfer privilege altogether with respect to anyone who we feel is abusing the privilege to the detriment of others.

*Special Transfer Services – Dollar Cost Averaging Program* 

We administer a Dollar Cost Averaging ("DCA") program (offered in all states). If you entered into a DCA agreement, you may have elected, at no cost, to automatically transfer on a monthly basis a predetermined dollar amount from any Variable Investment Option, or, if available, from a Fixed Investment Option we permitted for this purpose (the "DCA Source Investment Option"), to other Variable Investment Options (the "Destination Investment Options"), until the amount in the DCA Source Investment Option is exhausted. You may make Additional Purchase Payments (if not otherwise restricted) while you are enrolled in a DCA program. If you do not provide us with express written allocation instructions for these Additional Purchase Payments, no amounts will be allocated into your DCA Source Investment Option. Instead, they will be allocated among the Destination Investment Options according to the allocation you selected upon enrollment in the DCA program.

The DCA program allows investments to be made in equal installments over time in an effort to reduce the risk posed by market fluctuations. Therefore, you may achieve a lower purchase price over the long-term by purchasing more accumulation units of a particular Subaccount when the unit value is low, and less when the unit value is high. However, the DCA program

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does not guarantee profits or prevent losses in a declining market and requires regular investment regardless of fluctuating price levels. In addition, the DCA program does not protect you from market fluctuations in your DCA Source Investment Option. If you are interested in the DCA program, you may obtain a separate authorization form and full information concerning the program and its restrictions from your financial representative or our Annuities Service Center. You may elect out of the DCA program at any time. There is no charge for participation in the DCA program.

Please consult with your financial representative to assist you in determining whether the DCA program is suited for your financial needs and investment risk tolerance.

*Special Transfer Services - Asset Rebalancing Program* 

We administer an Asset Rebalancing Program which enables you to specify the allocation percentage levels you would like to maintain in particular Investment Options. We automatically rebalance your Contract Value pursuant to the schedule described below to maintain the indicated percentages by transfers among the Investment Options. (Fixed Investment Options are not eligible for participation in the Asset Rebalancing Program.) You must include your entire value in the Variable Investment Options in the Asset Rebalancing Program. Other investment programs, such as the DCA program, or other transfers or withdrawals may not work in concert with the Asset Rebalancing Program. Therefore, you need to monitor your use of these other programs and any other transfers or withdrawals while the Asset Rebalancing Program is being used. If you are interested in the Asset Rebalancing Program, you may obtain a separate authorization form and full information concerning the program and its restrictions from your financial representative or our Annuities Service Center. There is no charge for participation in the Asset Rebalancing Program, which was offered in all states.

For rebalancing programs begun on or after October 1, 1996, we permit asset rebalancing only on the following time schedules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *quarterly* on the 25th day of the last month of the calendar quarter (or the next Business Day if the 25th is not a Business Day);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *semi-annually* on June 25th and December 26th (or the next Business Day if these dates are not Business Days); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *annually* on December 26th (or the next Business Day if December 26th is not a Business Day).

Rebalancing will continue to take place on the last Business Day of every calendar quarter for rebalancing programs begun prior to October 1, 1996.

*Withdrawals* 

During the Accumulation Period, you may withdraw all or a portion of your Contract Value upon written request (complete with all necessary information) to the Annuities Service Center. You may make withdrawals by telephone, as described above under "Telephone and Electronic Transactions." For certain Qualified Contracts, exercise of the withdrawal right may require the consent of the Qualified Plan participant's Spouse under the Code. In the case of a total withdrawal, we will pay the Contract Value as of the date of receipt of the request at our Annuities Service Center, minus any Unpaid Loans and any applicable withdrawal charge, Rider charge, administrative fee, or tax. We will then cancel the Contract. In the case of a withdrawal, we will pay the amount requested and cancel accumulation units credited to each Investment Account equal in value to the Withdrawal Amount from that Investment Account.

When making a withdrawal, you may specify the Investment Options from which the withdrawal is to be made. The Withdrawal Amount requested from an Investment Option may not exceed the value of that Investment Option minus any applicable withdrawal charge. If you do not specify the Investment Options from which a withdrawal is to be taken, we take the withdrawal proportionally from all of your Variable Investment Options until exhausted, and then from the Fixed Investment Options beginning with the shortest guarantee period first and ending with the longest guarantee period last. For rules governing the order and manner of withdrawals from the Fixed Investment Options, see "Fixed Investment Options."

We do not permit you to apply any amount less than your entire Contract Value to the Annuity Options available under your Contract. If you want to use a part of your Contract Value to purchase an immediate annuity contract, you must make a withdrawal request, which will be subject to any applicable withdrawal charge. Such a withdrawal may also have tax consequences.

There is no limit on the frequency of withdrawals; however, the amount withdrawn must be at least $300 or, if less, the entire balance in the Investment Option. If after the withdrawal (and deduction of any applicable withdrawal charge) the amount remaining in the Investment Option is less than $100, we reserve the right to treat the withdrawal as a withdrawal of the entire

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amount held in the Investment Option. If the Withdrawal Amount would reduce the Contract Value to less than $300 or the remaining withdrawal charge, if greater, we generally treat the withdrawal as a total withdrawal of the Contract Value. We currently enforce these Contract minimum restrictions only for Contracts that do not have a guaranteed minimum withdrawal benefit Rider or, where applicable, a guaranteed minimum income benefit Rider. We reserve the right to enforce these restrictions for other Contracts in the future.

When we receive a withdrawal request in Good Order at our Annuities Service Center, we will pay the amount of any withdrawal from the Variable Investment Options promptly, and in any event within seven calendar days of receipt of the request. We reserve the right to defer the right of withdrawal or postpone payments for any period when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the New York Stock Exchange is closed (other than customary weekend and holiday closings);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• trading on the New York Stock Exchange is restricted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an emergency exists, as determined by the SEC, as a result of which disposal of securities held in a Separate Account is not reasonably practicable or it is not reasonably practicable to determine the value of the Separate Accounts' net assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• pursuant to SEC rules, the Money Market Subaccount suspends payment of redemption proceeds in connection with a liquidation of the underlying Portfolio; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the SEC, by order, so permits for the protection of security holders.

Applicable rules and regulations of the SEC shall govern as to whether trading is restricted or an emergency exists.

**Impact of Divorce**. In the event that you and your Spouse become divorced, we will treat any request to reduce or divide benefits under a Contract as a request for a withdrawal of Contract Value. The transaction may be subject to any applicable tax or withdrawal charge. Also, for Contracts issued with an optional guaranteed minimum withdrawal benefit Rider, your guarantee may be reduced.

**Tax Considerations**. Withdrawals from the Contract may be subject to income tax and a 10% penalty tax. Withdrawals are permitted from Contracts issued in connection with Section 403(b) Plans only under limited circumstances (see "IX. Federal Tax Matters – Other Qualified Plans").

*Signature Guarantee Requirements for Surrenders and Withdrawals* 

*(Not applicable to Contracts issued in New Jersey\*)* 

We may require that you provide a signature guarantee on a withdrawal or surrender request in the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you are requesting that we mail the amount withdrawn to an alternate address; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you have changed your address within 15 days of the withdrawal or surrender request; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you have changed the ownership within 15 days of the withdrawal or surrender request; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you are requesting a withdrawal or surrender in the amount of $250,000 or greater.

We must receive the original signature guarantee on your withdrawal or surrender request. We do not accept copies or faxes of a signature guarantee. You may obtain a signature guarantee at most banks, financial institutions or credit unions. A notarized signature is not the same as a signature guarantee and does not satisfy this requirement. There may be circumstances, of which we are not presently aware, in which we would not impose a signature guarantee on a surrender or withdrawal as described above.

*\*For New Jersey residents, we do not require a signature guarantee to process a withdrawal and send to the address of record, but we will not send the withdrawal payment via EFT unless we receive a signature guarantee.* 

*Special Withdrawal Services – The Income Plan* 

We administer an Income Plan ("IP") that permits you to pre-authorize a periodic exercise of the Contractual withdrawal rights described above. After entering into an IP agreement, you may instruct us to withdraw a level dollar amount from specified Investment Options on a periodic basis. We limit the total of IP withdrawals in a Contract Year to not more than 10% of the Purchase Payments made (to ensure that no withdrawal or market value charge, where applicable, will ever apply to an IP withdrawal). If additional withdrawals outside the IP program are taken from a Contract in the same Contract Year in which an IP program is in effect, IP withdrawals after the withdrawal charge-free Withdrawal Amount has been exceeded are subject to a withdrawal charge, where applicable. The IP is not available to Contracts for which Purchase Payments are being automatically deducted from a bank account on a periodic basis. IP withdrawals will be free of market value charges, where

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applicable. We reserve the right to suspend your ability to make Additional Purchase Payments while you are enrolled in an IP. IP withdrawals, like other withdrawals, may be subject to income tax and a 10% penalty tax. If you are interested in an IP, you may obtain a separate authorization form and full information concerning the program and its restrictions from your financial representative or our Annuities Service Center. There is no charge for participation in the IP program, which was offered in all states.

*Special Withdrawal Services – The Income Made Easy Program* 

Our Income Made Easy Program provides you with an automatic way to access guaranteed withdrawal amounts if you purchased a GMWB Rider with a Contract. There is no charge for participation in this program. Please read "Pre-authorized Withdrawals – The Income Made Easy Program" in Appendix C for more information.

*Benefits Available Under the Contract* 

The following table summarizes information about the benefits available under the Contract.

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|:---|:---|:---|:---|:---|
| **Name of**<br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard**<br> **or Optional?**<br>| **Maximum**<br> **Fee**<br>| **Brief**<br> **Description of**<br> **Restrictions/Limitations**<br>|
| Dollar Cost <br> Averaging <br> ("DCA")<br>| Under the DCA program, you <br> designate an amount that is <br> transferred monthly from one <br> variable or fixed investment account <br> into any other variable investment <br> account.<br>| Standard | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●DCA Fixed Investment Options <br> may not always be available. You <br> may elect out of the DCA <br> program at any time.<br>●Offered in all states. |
| Asset <br> Rebalancing <br> Program<br>| Under the asset allocation <br> rebalancing program, you designate <br> a percentage allocation of Contract <br> Value among variable investment <br> accounts. We automatically transfer <br> amounts among the variable <br> investment accounts at intervals you <br> select (annually, semi- annually, <br> quarterly, or monthly) to reestablish <br> your chosen allocation.<br>| Standard | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●We reserve the right to cease this <br> program after written notice to <br> you.<br>●Offered in all states. |
| The Income Plan | The Income Plan ("IP") permits you <br> to pre-authorize a periodic exercise <br> of the Contract's withdrawal rights <br> by instructing us to withdraw a level <br> dollar amount from specified <br> Investment Options on a periodic <br> basis.<br>| Optional | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●Income Plan withdrawals may be <br> limited and may incur withdrawal <br> charges <br>●We reserve the right to suspend <br> your ability to make Additional <br> Purchase Payments while you are <br> enrolled in an IP. IP withdrawals, <br> like other withdrawals, may be <br> subject to income tax and a 10% <br> penalty tax.<br>●Offered in all states. |
| Death Benefit | If the Owner dies before the Annuity <br> Commencement Date, the Death <br> Benefit will be the greater of the <br> Contract Value or the Minimum <br> Death Benefit, less any Debt. <br>If the Annuitant dies during the Pay-<br> out Period after an Annuity Option <br> has been selected, and, we make the <br> remaining guaranteed payments to <br> the Beneficiary.<br>| Standard | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●We do not make any payments to <br> a Beneficiary if the last surviving <br> Covered Person dies while we are <br> making payments under an <br> Annuity Option providing only <br> for payments for life, or payments <br> during the Settlement Phase <br> under an optional GMWB Rider.<br>|

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|:---|:---|:---|:---|:---|
| **Name of**<br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard**<br> **or Optional?**<br>| **Maximum**<br> **Fee**<br>| **Brief**<br> **Description of**<br> **Restrictions/Limitations**<br>|
| Waiver of <br> Applicable <br> Withdrawal <br> Charge – <br> Confinement to <br> Eligible Nursing <br> Home<br>| Any applicable withdrawal charge <br> will be waived on a total withdrawal <br> prior to the Maturity Date if <br> confined to an Eligible Nursing <br> Home.<br>| Optional | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●For Contracts issued on or after <br> May 1, 2002.<br>●Not offered in MA and NY. |
| Income Made <br> Easy Program<br>| Provides payment of an income for <br> the lifetime of the Covered Person.<br>| Optional | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●Requires a GMWB Rider with a <br> Contract. <br>●Offered in all states. |
| Enhanced <br> Earnings Death <br> Benefit<br>| Provides a payment equal to 40% of <br> the appreciation in the Contract <br> Value (i.e., the Contract Value less <br> the sum of all Purchase Payments, <br> reduced proportionally by any <br> amount deducted in connection with <br> withdrawals) upon the death of any <br> Contract Owner if the oldest Owner <br> is 69 or younger at issue, and 25% if <br> the oldest Owner is 70 or older at <br> issue.<br>| Optional | 0.20% (of the <br> value of the <br> Variable <br> Investment <br> Options)<br>| ●Only available at issue. <br> ●Not offered in NY and WA. |
| Annual Step-Up <br> Death Benefit<br>| Guarantees a minimum death benefit <br> up to the Maturity Date based on the <br> Contract's highest "Anniversary <br> Value" that may be achieved before <br> you (or any joint Owner) reach 81 <br> years old.<br>| Optional | 0.20% (of the <br> value of the <br> Variable <br> Investment <br> Options)<br>| &nbsp;&nbsp;&nbsp;&nbsp; ●The Annual Step-Up Death <br> Benefit was available only with <br> Principle Plus for Life Riders and <br> only if you (and every joint <br> Owner) were under age 80 when <br> we issued the Contract. <br>●The Rider cannot be revoked once <br> elected.<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of**<br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard**<br> **or Optional?**<br>| **Maximum**<br> **Fee**<br>| **Brief**<br> **Description of**<br> **Restrictions/Limitations**<br>|
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | Lifetime Income Amount type of <br> benefit provides a guarantee of a <br> minimum amount available for <br> annual withdrawals for the duration <br> of a single lifetime, or for the <br> duration of two ("joint") lifetimes. <br> Guaranteed Withdrawal Amount <br> type of benefit provides a guarantee <br> of a minimum amount available for <br> annual withdrawals that will last for <br> a period of time measured by a <br> Benefit Base. The Rider may <br> provide either or both types of <br> benefits.<br>The GMWB Riders we have offered <br> are:<br>| Optional |  | &nbsp;&nbsp;&nbsp;&nbsp; ●Only available at issue. <br> ●The GMWB Rider fees are listed <br> in APPENDIX C and are <br> deducted on each Contract <br> Anniversary. <br>●We reserve the right to increase <br> the fee on the effective date of <br> each Step-Up.<br>●The Investment Options available <br> under GMWB Riders are <br> restricted.<br>|
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | &nbsp;&nbsp;&nbsp;&nbsp; ●Income Plus For Life<sup>®</sup> (Annual <br> Step-Up Review)<br>| Optional | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states. |
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | &nbsp;&nbsp;&nbsp;&nbsp; ●Income Plus For Life –Joint Life<sup>®</sup> <br> Plus (Annual Step-Up Review)<br>| Optional | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states except NY. |
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | &nbsp;&nbsp;&nbsp;&nbsp; ●Income Plus For Life<sup>®</sup> (Quarterly <br> Step-Up Review)<br>| Optional | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states. |
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | &nbsp;&nbsp;&nbsp;&nbsp; ●Income Plus For Life – Joint <br> Life<sup>®</sup> (Quarterly Step-Up <br> Review))<br>| Optional | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states. |
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | ●Income Plus For Life <sup>®</sup> 12.08; | Optional | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states. |
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | ●Income Plus For Life – Joint Life <br> <sup>®</sup>12.08<br>| Optional | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states. |
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | ●Income Plus For Life – Joint Life <br> <sup>®</sup> (Annual Step-Up Review);<br>| Optional | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states except NY. |
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | &nbsp;&nbsp;&nbsp;&nbsp; ●Principal Plus For Life *Plus* <br> Automatic Annual Step-Up<br>| Optional | 1.20% (of the <br> Adjusted <br> Guaranteed <br> Withdrawal <br> Balance)<br>| Offered only in NY. |
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | &nbsp;&nbsp;&nbsp;&nbsp; ●Principal Plus for Life (formerly <br> known as "Guaranteed Principal <br> Plus for Life")<br>| Optional | 0.75% (of the <br> Adjusted <br> Guaranteed <br> Withdrawal <br> Balance)<br>| Offered in all states. |
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | &nbsp;&nbsp;&nbsp;&nbsp; ●Principal Plus (formerly known as <br> "Guaranteed Principal Plus")<br>| Optional | 0.75% (of the <br> Adjusted <br> Guaranteed <br> Withdrawal <br> Balance)<br>| Offered in all states. |
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders | ●Principal Returns | Optional | 0.95% (of the <br> Adjusted <br> Guaranteed <br> Withdrawal <br> Balance)<br>| Offered in all states. |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of**<br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard**<br> **or Optional?**<br>| **Maximum**<br> **Fee**<br>| **Brief**<br> **Description of**<br> **Restrictions/Limitations**<br>|
| Guaranteed <br> Minimum <br> Income Benefit <br> ("GMIB") Riders | Guarantees a minimum lifetime <br> fixed income benefit in the form of <br> fixed monthly annuity payments.<br>The GMIB Riders we have offered <br> are:<br>| Optional |  | Only available at issue. |
| Guaranteed <br> Minimum <br> Income Benefit <br> ("GMIB") Riders | &nbsp;&nbsp;&nbsp;&nbsp; ●Guaranteed Retirement Income <br> Benefit II<br>| Optional | 0.45% (of the <br> Income Base <br> in effect on <br> each Contract <br> Anniversary)<br>| Offered in all states. |
| Guaranteed <br> Minimum <br> Income Benefit <br> ("GMIB") Riders | &nbsp;&nbsp;&nbsp;&nbsp; ●Guaranteed Retirement Income <br> Benefit III<br>| Optional | 0.50% (of the <br> Income Base <br> in effect on <br> each Contract <br> Anniversary)<br>| Offered in all states except NY. |
| Payment <br> Enhancement<br>| Credits a Payment Enhancement <br> equal to 4% (5% for Contracts <br> issued between July 12 and October <br> 30, 2004) of the Purchase Payment <br> and allocates it among Investment <br> Options in the same proportions as <br> your Purchase Payments.<br>| Optional | 0.35% (of the <br> Variable <br> Investment <br> Options)<br>| &nbsp;&nbsp;&nbsp;&nbsp; ●Subject to a higher withdrawal <br> charge and for a longer period of <br> time. Could only be elected at <br> Contract issue, and cannot be <br> revoked once elected. <br>●The initial Purchase Payment <br> must have been at least $10,000 <br> to elect the Purchase <br> Enhancement Rider. <br>●Offered only in NY. |

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*\* The fee is an additional 0.20% of the value of the Variable Investment Options.* 

*Optional Guaranteed Minimum Withdrawal Benefits* 

Please see Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for a general description of the Income Plus For Life<sup>®</sup> Series, Principal Plus, Principal Plus for Life, Principal Plus for Life *Plus* Automatic Annual Step-Up, Principal Plus for Life *Plus* Spousal Protection, and Principal Returns (where available) optional benefit Riders that may provide guaranteed minimum withdrawal benefits under the Contract you purchased. Under these optional benefit Riders, we guarantee that you may withdraw a percentage of your investment each year, even if your Contract Value reduces to zero. We increase the amounts we guarantee by a Credit (also referred to as a "Bonus") if you choose not to make any withdrawals at all during certain Contract Years. Depending on market performance, you may also be able to increase or "step up" the amounts we guarantee on certain dates. If you withdraw more than a guaranteed annual amount, however, we reduce the amounts we guarantee for future withdrawals.

*Death Benefit During Accumulation Period* 

The Contracts described in this Prospectus generally provide for distribution of death benefits if the Owner dies before the Annuity Commencement Date.

We use the term **Owner-driven** when we describe death benefits under some versions of the Contracts (**Venture**<sup>®</sup> **2006, Ven 24, Ven 22** and **Ven 20**), where we determine a death benefit upon the death of the Owner during the Accumulation Period. Under these versions, we do not pay a death benefit upon the death of an Annuitant before the Maturity Date, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You, the Owner, are the Annuitant, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We issued your Contract to an Owner that is not an individual (for example the Owner is a trust) and we deem the Annuitant to be the Owner for purposes of determining the death benefit.

We use the term **Annuitant-driven** when we describe death benefits under other versions of the Contracts (**Ven 9, Ven 8, Ven 7, Ven 3** and **Ven 1**), where we determine a death benefit on the Annuitant's death, instead of the Owner's death, if the

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Annuitant predeceases the Owner during the Accumulation Period. Even under Annuitant-driven Contracts, however, we will make a distribution of Contract Value if you are the Owner, but not the Annuitant, and you predecease the Annuitant during the Accumulation Period. For purposes of determining the amount of any death benefits, we treat the Annuitant as an Owner under Nonqualified Contracts where the Owner is not an individual (for example, the Owner is a corporation or a trust). *We treat a change in the Annuitant or any co-Annuitant under this type of Annuitant-driven Contract as the death of the Owner, and we distribute the Contract Value*. In cases where a change in the Annuitant (or co-Annuitant) results in a distribution, we reduce the amount by charges which would otherwise apply upon withdrawal. If a Nonqualified Contract has both an individual and a non-individual Owner, we determine death benefits as provided in the Contract upon the death of the Annuitant or any individual Owner, whichever occurs earlier.

The death benefit under Owner-driven and Annuitant-driven Contracts is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the respective minimum death benefit described below.

The minimum death benefits provided under both Owner-driven and Annuitant-driven Contracts differ, depending on when you purchased a Contract, our maximum limits on death benefits at that time, the jurisdiction in which we issued a Contract, and the age of the oldest Owner (or Annuitant) on the date of issue. In addition, you may have purchased a Contract with an optional benefit Rider that will enhance the amount of death benefit.

*Please read your Contract carefully to determine the minimum death benefit under your Contract and any enhanced death benefit payable during the Accumulation Period.* 

We decrease the death benefit by the amount of any Debt under a Contract (including any unpaid interest), and adjust the death benefit if you make withdrawals. We increase the death benefit by any optional enhanced death benefits that you may have purchased.

**Minimum Death Benefit – Owner-driven Contracts**. We describe principal features of the applicable minimum death benefit on Owner-driven Contracts in the text below each of the following tables.

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| | | |
|:---|:---|:---|
| **Contract Version** | **Availability**<sup>1</sup> <br>| **Death Benefit based on** |
| **Venture**<sup>®</sup>**2006** | May 2006 – October 2011 | Owner |

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<sup>1</sup>

*Subject to availability in each state.* 

*Minimum Death Benefit Limits: Adjustment for withdrawals.* The minimum death benefit equals the total amount of Purchase Payments less any amounts deducted in connection with withdrawals. We reduce the minimum death benefit proportionally in connection with withdrawals.

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| | | |
|:---|:---|:---|
| **Contract Version** | **Availability**<sup>1</sup> <br>| **Death Benefit based on** |
| **Ven 20, 22** | May 1998 – May 2006 | Oldest Owner |
| **Ven 24** (NY Only) | May 1999 – May 2006 | Oldest Owner |

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<sup>1</sup>

*Subject to availability in each state.* 

*Minimum Death Benefit Limits*: Adjustment for withdrawals. We limit the minimum death benefit on this type of **Ven 20 and Ven 22** Contract to $10 million, except for (a) Contracts issued in HI, MA, MN, NY & VT; (b) Contracts issued prior to July 25, 2003 in IL & PA; and (c) Contracts issued prior to June 2, 2003 in all other states. We also reduce the minimum death benefit proportionally in connection with withdrawals. For Contracts issued prior to January 1, 2003, however, the amount deducted in connection with withdrawals is the dollar amount of the withdrawal.

*Principal Features – Oldest Owner less than age 81 at issue*. During the first Contract Year, the minimum death benefit equals the total amount of Purchase Payments less any amounts deducted in connection with withdrawals.

The minimum death benefit during any Contract Year after the first Contract Year equals the greater of (i) or (ii), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) equals the total amount of Purchase Payments less any amounts deducted in connection with withdrawals; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) is the greatest Anniversary Value prior to the oldest Owner's turning age 81. "Anniversary Value" is the Contract Value on a Contract Anniversary, increased by all Purchase Payments made, less any amount deducted in connection with withdrawals, since that Contract Anniversary.

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*Principal Features – Oldest Owner age 81 or more at issue*. The minimum death benefit equals the total amount of Purchase Payments less any amounts deducted in connection with withdrawals.

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| | | |
|:---|:---|:---|
| **Contract Version** | **Availability**<sup>2</sup> <br>| **Death Benefit based on** |
| **Ven 20, 22** | May 1994 – May 1998 | Oldest Owner |

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<sup>2</sup>

*See state availability chart below.* 

*Principal Features. Oldest Owner less than 81 at issue and Owner dies prior to his or her 85th birthday*. During the first Contract Year, the minimum death benefit on this type of **Ven 20** and **Ven 22** Contract is the sum of all Purchase Payments made, less any amounts deducted in connection with withdrawals.

During any subsequent Contract Year, the minimum death benefit is the death benefit on the last day of the previous Contract Year, plus any Purchase Payments made and less any amounts deducted in connection with withdrawals since then. If any Owner dies after his or her 85th birthday, however, the minimum death benefit is the sum of all Purchase Payments made, less any amounts deducted in connection with withdrawals.

*Principal Features. Oldest Owner age 81 or more at issue*. The minimum death benefit is the Contract Value less any applicable withdrawal charge at the time of payment of benefits. For Contracts issued on or after October 1, 1997, we will waive any withdrawal charges applied against the death benefit.

The amount deducted in connection with withdrawals is the dollar amount of the withdrawal. Withdrawal charges are not applied on payment of the death benefit (whether taken through a partial or total withdrawal or applied under an Annuity Option).

*Limited Availability*. We issued this version of the **Ven 20** and **Ven 22** Contracts in Puerto Rico, and in these other jurisdictions during the periods shown below:

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| | |
|:---|:---|
| **From August 15, 1994 to:** | **In the states of:** |
| May 1, 1998 | &nbsp;&nbsp; Alaska, Alabama, Arizona, Arkansas, California, Colorado, <br> Delaware, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, <br> Kansas, Kentucky, Louisiana, Maine, Michigan, <br> Mississippi, Missouri, Nebraska, Nevada, New Jersey, New <br> Mexico, North Carolina, North Dakota, Ohio, Oklahoma, <br> Pennsylvania, Rhode Island, South Carolina, South Dakota, <br> Tennessee, Utah, Vermont, Virginia, West Virginia, <br> Wisconsin, Wyoming<br>|
| June 1, 1998 | Connecticut |
| July 1, 1998 | Minnesota, Montana, District of Columbia |
| October 1, 1998 | Texas |
| February 1, 1999 | Massachusetts |
| March 15, 1999 | Florida, Maryland, Oregon |
| November 1, 1999 | Washington |

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**Minimum Death Benefit – Annuitant-driven Contracts**. We describe principal features of the applicable minimum death benefit on Annuitant-driven Contracts in the following sub-sections and in the text under each of the tables below.

*Death of Annuitant who is not the Owner*. We will pay the applicable minimum death benefit, less any Debt, to the Beneficiary upon the death of the Annuitant if the Owner is not the Annuitant and the Annuitant dies before the Owner and before the Annuity Commencement Date. If there is more than one such Annuitant, the minimum death benefit will be paid on the death of the last surviving co-Annuitant, if any, if death occurs before the Owner's death and before the Annuity Commencement Date. The death benefit will be paid either as a lump sum or in accordance with any of the distribution options available under the Contract. **Ven 7, Ven 8** and **Ven 9**: An election to receive the death benefit under an Annuity Option must be made within 60 days after the date on which the death benefit first becomes payable. **Ven 7, Ven 8** and **Ven 9**: Rather than receiving the minimum death benefit, the Beneficiary may elect to continue the Contract as the new Owner. (In general, a Beneficiary who makes such an election will nonetheless be treated for federal income tax purposes as if he or she had received the minimum death benefit.)

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*Death of Annuitant who is the Owner*. We will pay the applicable minimum death benefit, less any Debt, to the Beneficiary if the Owner is the Annuitant, dies before the Annuity Commencement Date and is not survived by a co-Annuitant. **Ven 7, Ven 8** and **Ven 9**: If the Contract is a Nonqualified Contract, and a co-Annuitant survives the Owner, instead of a minimum death benefit, we will distribute an amount equal to the amount payable on total withdrawal without reduction for any withdrawal charge to the successor Owner (the person, persons or entity to become the Owner) instead of the Beneficiary. **Ven 3**: If the Contract is a Nonqualified Contract, and a co-Annuitant survives the Owner, instead of a minimum death benefit, we will distribute an amount equal to the amount payable on total withdrawal without reduction for any withdrawal charge to the successor Owner or to the Contract Owner's estate. **Ven 1**: The Contract does not provide for co-Annuitants or successor Owners.

*Death of Owner who is not the Annuitant*. **Ven 7, Ven 8** and **Ven 9**: If the Owner is not the Annuitant and dies before the Annuity Commencement Date and before the Annuitant, the successor Owner becomes the Owner of the Contract. If the Contract is a Nonqualified Contract, we will distribute an amount equal to the amount payable upon total withdrawal, without reduction for any withdrawal charge, to the successor Owner. If a Nonqualified Contract has more than one individual Owner, the distribution will be made to the remaining individual Owner(s) instead of a successor Owner. **Ven 3**: If the Contract is a Nonqualified Contract, instead of a minimum death benefit, we will distribute an amount equal to the amount payable on total withdrawal without reduction for any withdrawal charge to the successor Owner or to the Contract Owner's estate. **Ven 1**: If the Contract is a Nonqualified Contract, instead of a minimum death benefit, we will distribute an amount equal to the amount payable on total withdrawal without reduction for any withdrawal charge to the Contract Owner's estate.

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| | | |
|:---|:---|:---|
| **Contract Version** | **Availability** | **Death Benefit based on** |
| Ven 7 | August 1989 – April 1999 | Any Annuitant |
| Ven 8 | September 1992 – February 1999 | Any Annuitant |
| Ven 9 (NY Only) | March 1992 – May 1999 | Any Annuitant |

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*Principal Features of Minimum Death Benefit*. During the first six Contract Years, the minimum death benefit on **Ven 7**, **Ven 8** and **Ven 9** Contract equals the total amount of Purchase Payments less any amounts deducted in connection with withdrawals.

During any subsequent six Contract Year period, the minimum death benefit is the death benefit as of the last day of the previous six Contract Year period plus any Purchase Payments made and less any amount deducted in connection with withdrawals since then.

If death occurs after the first of the month following the decedent's 85th birthday, the minimum death benefit is the Contract Value on the date due proof of death and all required claim forms are received at our Annuities Service Center.

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| | | |
|:---|:---|:---|
| **Contract Version** | **Availability** | **Death Benefit based on** |
| Ven 3 | November 1986 – October 1993 | Any Annuitant |
| Ven 1 | June 1985 – June 1987 | Any Annuitant |

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*Principal Features of Minimum Death Benefit.* During the first five Contract Years, the minimum death benefit on **Ven 3** and **Ven 1** Contracts equals the total amount of Purchase Payments less any amounts deducted in connection with withdrawals.

During any subsequent five Contract Year period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For **Ven 3**, the minimum death benefit is the death benefit as of the last day of the previous five Contract Year period plus any Purchase Payments made and less any amount deducted in connection with withdrawals since then;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For **Ven 1**, the minimum death benefit equals the total amount of Purchase Payments less any amounts deducted in connection with withdrawals.

**Payment of Death Benefit**. The determination of the death benefit will be made, for both Owner-driven and Annuitant-driven Contracts, on the date we receive written notice and "proof of death," as well as all required claims forms in Good Order from all Beneficiaries, at our Annuities Service Center. No one is entitled to the death benefit until this time. Proof of death occurs when we receive one of the following at our Annuities Service Center:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a certified copy of a death certificate; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a certified copy of a decree of a court of competent jurisdiction as to the finding of death; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any other proof satisfactory to us.

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If any Owner is not a natural person, the death of any Annuitant will be treated as the death of an Owner. On the death of the last surviving Annuitant, the Owner, if a natural person, will become the Annuitant unless the Owner designates another person as the Annuitant.

**Distribution of Death Benefits**. The following discussion applies principally to distribution of death benefits upon the death of an Owner under Contracts that were not issued in connection with Qualified Plans, *i.e*., Nonqualified Contracts. Tax law requirements applicable to Qualified Plans, including IRAs, and the tax treatment of amounts held and distributed under such plans, are quite complex. Accordingly, if your Contract is used in connection with a Qualified Plan, please seek competent legal and tax advice regarding requirements governing the distribution of benefits, including death benefits, under the plan.

In designating Beneficiaries you may impose restrictions on the timing and manner of payment of death benefits. The description of death benefits in this Prospectus does not reflect any of the restrictions that could be imposed, and it should be understood as describing what will happen if the Contract Owner chooses not to restrict death benefits under the Contract. If the Contract Owner imposes restrictions, those restrictions will govern payment of the death benefit to the extent permitted by the Code and by Treasury Department regulations.

Except as otherwise stated above for certain Annuitant-driven Contracts, we will pay the death benefit to the Beneficiary if any Contract Owner dies before the earlier of the Maturity Date or the Annuity Commencement Date. If there is a surviving Contract Owner, that Contract Owner will be deemed to be the Beneficiary. No death benefit is payable on the death of any Annuitant, except that if any Owner is not a natural person, the death of any Annuitant will be treated as the death of an Owner. On the death of the last surviving Annuitant, the Owner, if a natural person, will become the Annuitant unless the Owner designates another person as the Annuitant.

Upon request, the death benefit proceeds may be taken in the form of a lump sum. In that case, we will pay the death benefits within seven calendar days of the date that we determine the amount of the death benefit, subject to postponement under the same circumstances for which payment of withdrawals may be postponed (see "Withdrawals" above). Beneficiaries who opt for a lump sum payout of their portion of the death benefit may choose to receive the funds either in a single check or wire transfer or in a John Hancock Safe Access Account ("JHSAA"). Similar to a checking account, the JHSAA provides the Beneficiary access to the payout funds via a checkbook, and account funds earn interest at a variable interest rate. Any interest paid may be taxable. The Beneficiary can obtain the remaining death benefit proceeds in a single sum at any time by cashing one check for the entire amount. The Beneficiary may draw a check on the JHSAA that is payable to himself/herself as well as to other persons or parties. Note, however, that a JHSAA is not a true checking account, but is solely a means of distributing the Contract's death benefit. The Beneficiary can make only withdrawals, and not deposits. The JHSAA is part of our General Account; it is not a bank account and it is not insured by the FDIC or any other government agency. As part of our General Account, it is subject to the claims of our creditors. We receive a benefit from all amounts left in the JHSAA.

If the Beneficiary does not choose a form of payment, or the death benefit payable upon the death of an Owner is not taken immediately, the Contract continues, subject to the following and as may be stated otherwise above for certain Annuitant-driven Contracts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary becomes the Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We allocate any excess of the death benefit over the Contract Value to the Owner's Investment Accounts in proportion to their relative values on the date of receipt by us of due proof of the Owner's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No Additional Purchase Payments may be made (even if the Beneficiary is a surviving Spouse).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We waive withdrawal charges for all future distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the Beneficiary is the deceased Owner's Spouse, he or she may continue the Contract as the new Owner without triggering adverse federal tax consequences. In such a case, the distribution rules applicable when a Contract Owner dies will apply when the Spouse, as the Owner, dies. In addition, a death benefit will be paid upon the death of the Spouse. For purposes of calculating the death benefit payable upon the death of the Spouse (excluding any optional benefits), we will treat the death benefit paid upon the first Owner's death as a Purchase Payment to the Contract. In addition, all Purchase Payments made and all amounts deducted in connection with withdrawals prior to the date of the first Owner's death will be excluded from consideration in the determination of the Spouse's death benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the Beneficiary is not the deceased Owner's Spouse, distribution of the Owner's entire interest in the Contract must be made within five years of the Owner's death, or alternatively, an individual Beneficiary may take distributions as an annuity, under one of the Annuity Options described below, which begins within one year after the Owner's death and is payable over the life of the Beneficiary or over a period not extending beyond the life expectancy of the Beneficiary

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(see "Annuity Options" below). Note: we continue to assess the mortality and expense risks charge during this period, even though we bear only the expense risk and not any mortality risk (see "VIII. Charges and Deductions – Mortality and Expense Risks Fee"). If distribution is not made within five years and the Beneficiary has not specified one of the above forms of payment, we will distribute a lump sum cash payment of the Beneficiary's portion of the death benefit. Also, if distribution is not made as an annuity, upon the death of the Beneficiary, any remaining death benefit proceeds will be distributed immediately in a single sum cash payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Alternatively, if the Contract is not a Qualified Contract, an individual Beneficiary may take distribution of the Owner's entire interest in the Contract as a series of withdrawals over the Beneficiary's life expectancy, beginning one year after the Owner's death. If this form of distribution is selected, the Beneficiary may not reduce or stop the withdrawals but may in any year withdraw more than the required amount for that year. If life expectancy withdrawals have been selected and the initial Beneficiary dies while value remains in the Contract, a successor Beneficiary may either take a lump sum distribution of the remaining balance or continue periodic withdrawals according to the original schedule based on the initial Beneficiary's life expectancy.

We may change the way we calculate the death benefit if you substitute or add any Contract Owner. If we do, the new death benefit will equal the Contract Value as of the date of the ownership change. We will also treat the Contract Value on the date of the change as a "Purchase Payment" made on that date for any subsequent calculations on the death benefit prior to the Annuity Commencement Date, and we will not consider any Purchase Payments made and any amounts deducted in connection with withdrawals prior to the date of the ownership change in our determination of the death benefit. We will not change the way we calculate the death benefit if the person whose death will cause the death benefit to be paid is the same after the ownership change or if you transfer ownership to the Owner's Spouse.

A change of Contract Owner may be a taxable event if the Owner or co-Owner before the change is an individual and the new Owner or co-Owner is not a Spouse of the previous Owner (or co-Owner). Please consult with your own qualified tax professional for further information relevant to your situation.

*Optional Enhanced Death Benefits* 

Please see Appendix B: "Optional Enhanced Death Benefits" for a general description of the following optional benefit Riders that may enhance death benefits under the Contract you purchased. For Contracts issued in connection with a Qualified Plan, including an IRA, the Internal Revenue Code may now limit the availability of certain "Optional Enhanced Death Benefits" for certain classes of Beneficiaries.

**Annual Step-Up Death Benefit.** For Contracts issued after June 2010 (dates may vary by state) with an Annual Step-Up Death Benefit Rider, the Company guarantees a minimum death benefit up to the Maturity Date based on the Contract's highest "Anniversary Value" that may be achieved up to the Contract Anniversary on or after the date you (or any joint Owner) reach 75 years old. The Annual Step-Up Death Benefit was only available if you (and every joint Owner) were under age 75 when we issued the Contract.

For all Contracts issued prior to June 2010 (dates may vary by state) with an Annual Step-Up Death Benefit Rider, the Company guarantees a minimum death benefit up to the Maturity Date based on the Contract's highest "Anniversary Value" that may be achieved before you (or any joint Owner) reach 81 years old. The Annual Step-Up Death Benefit was only available if you (and every joint Owner) were under age 80 when we issued the Contract. The Annual Step-Up Death Benefit was only available at Contract issue and cannot be revoked once elected.

**Guaranteed Earnings Multiplier Death Benefit.** (Not available in New York and Washington.) John Hancock USA offered the Guaranteed Earnings Multiplier Death Benefit Rider between July 2001and May 2006, subject to state availability. Under the Guaranteed Earnings Multiplier Rider, John Hancock USA guarantees that upon the death of any Contract Owner prior to the Maturity Date, John Hancock USA will increase the death benefit otherwise payable under the Contract by a percentage of earnings, up to a maximum amount. Under Guaranteed Earnings Multiplier, John Hancock USA increases the death benefit by 40% of the appreciation in the Contract Value upon the death of any Contract Owner if you (and every joint Owner) were less than 70 years old when we issued a Contract, and by 25% of the appreciation in the Contract Value if you (or any joint Owner) were 70 or older at issue. John Hancock USA reduces the "appreciation in the Contract Value" proportionally in connection with withdrawals of Contract Value and, in the case of certain Qualified Contracts, by the amount of any Unpaid Loans under a Contract. Guaranteed Earnings Multiplier was available only at Contract issue and cannot be revoked once elected.

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**Triple Protection Death Benefit.** (Not available in New York and Washington) John Hancock USA offered the Triple Protection Death Benefit Rider between December 2003 and December 2004. Triple Protection Death Benefit provides a guaranteed death benefit amount which can be increased or decreased as provided in the Rider. The Triple Protection Death Benefit replaces any other death benefit under the Contract. The Triple Protection Death Benefit Rider was available only at Contract issue. It cannot be revoked if you elected it. Once Triple Protection Death Benefit is elected, the Owner may only be changed to an individual who is the same age or younger than the oldest current Owner.

**Pay-out Period Provisions** 

*General* 

Generally, the Contracts contain provisions for the commencement of annuity payments to the Annuitant up to the Contract's Maturity Date (the "Annuity Commencement Date" is the first day of the Pay-out Period). The Maturity Date is the date shown on your Contract's specifications page, unless we have approved a change. For John Hancock USA Contracts, there is no contractual limit on when the earliest Annuity Commencement Date may be set. For John Hancock New York Contracts, the earliest allowable Annuity Commencement Date is one year from the Contract Date. If no date is specified, the Maturity Date is the first day of the month following the later of the 90th birthday of the oldest Annuitant or the tenth Contract Anniversary ("Default Maturity Date"). You may request a different Maturity Date at any time, by written request or by telephone at the number listed on the back cover of this Prospectus, at least one month before both the current and new Maturity Dates. You may also be able to change your Maturity Date on our website, www.jhannuities.com, if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you are registered on the website, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract is active, and not owned by a custodian or continued by a surviving Spouse or Beneficiary.

Under our current administrative procedures, the new Maturity Date may not be later than the Default Maturity Date unless we consent otherwise.

Annuity Commencement and Maturity Dates which occur when the Annuitant is at an advanced age, *e.g*., past age 90, may have adverse income tax consequences. Please consult with your own qualified tax professional for information about potential adverse tax consequences for such Maturity Dates. For Qualified Contracts, distributions may be required before the Maturity Date (see "IX. Federal Tax Matters – General Information Regarding Qualified Contracts").

**Notice of Maturity Date.** We will send you one or more notices at least 30 days before your scheduled Maturity Date and request that you verify information we currently have on file. If you do not choose an Annuity Option, do not make a total withdrawal of the Surrender Value, or do not ask us to change the Maturity Date to a later date, we will provide as a default an Annuity Option in the form of a life annuity with monthly payments guaranteed for ten years, as described in "Annuity Options offered in the Contract" below. The Annuity Commencement Date will be the Maturity Date. However, if the Contract Value on the Annuity Commencement Date is such that a monthly payment would be less than $20, we may pay the Contract Value in one lump sum to the Annuitant.

A Contract issued in New York by John Hancock New York has as its Maturity Date the date the oldest Annuitant turns age 90, unless the Contract's specifications page states otherwise or you later change the date.

When John Hancock USA issued a Contract outside New York:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Maturity Date for Contracts issued prior to May 1, 2006 is the first day of the month following the later of the 85th birthday of the oldest Annuitant or the tenth Contract Anniversary (6th Contract Anniversary for **Ven 7** and **Ven 8** Contracts), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Maturity Date for Contracts issued on and after May 1, 2006 is the first of the month following the 90th birthday of the oldest Annuitant or, in some cases, the tenth Contract Anniversary, if later, unless the Contract's specifications page states otherwise or you later change the date.

Please review your Contract carefully to determine the Maturity Date applicable to your Contract.<br>

You may select the frequency of annuity payments. Generally, the more frequent; the lower the payments; the less frequent, the higher the payments. However, if the Contract Value at the Annuity Commencement Date is such that a monthly payment would be less than $20, we may pay the Contract Value, minus any Unpaid Loans, in one lump sum to the Annuitant on the Annuity Commencement Date.

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For Contracts offered through authorized representatives of certain selling firms, you cannot change either the Maturity Date or the Annuity Commencement Date to a date beyond the 95th birthday of the oldest Annuitant if the Contract is either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a Nonqualified Contract, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a Qualified Contract, unless the selling firm or an affiliate of the selling firm sponsors the Qualified Plan or serves as a custodian to the Qualified Plan.

*Annuity Options* 

Annuity payments are available under the Contract on a fixed, variable, or combination fixed and variable basis. At any time during the Accumulation Period (after the first Contract Year in New York), you may select one or more of the Annuity Options described below on a fixed and/or variable basis or choose an alternate form of payment acceptable to us. A Beneficiary may also elect to apply the Death Benefit to an Annuity Option. We apply your entire Contract Value or the Beneficiary's entire portion of the Death Benefit proceeds to the Annuity Option(s) selected. We do not permit you to apply any amount less than your entire Contract Value to the Annuity Options available under your Contract. If you request to use a part of your Contract Value to purchase an immediate annuity contract, we will treat the request as a withdrawal request, subject to any applicable withdrawal charge. Such a withdrawal may also have tax consequences. You may select the frequency of annuity payments. However, if the Contract Value at the Annuity Commencement Date is such that a monthly payment would be less than $20, we may pay the Contract Value in one lump sum to the Annuitant on the Annuity Commencement Date. We deduct a pro rata portion of the administration fee from each annuity payment.

We determine annuity payments based on the Investment Account value of each Investment Option at the Annuity Commencement Date. If you do not select an Annuity Option, we will provide as a default a combination fixed and variable Annuity Option in the form of a life annuity with payments guaranteed for ten years. The Internal Revenue Code or the United States Treasury Regulations may preclude the availability of certain Annuity Options in connection with certain Qualified Contracts.

Once annuity payments commence:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you are no longer permitted to make any withdrawals under the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you are no longer permitted to make or receive any withdrawals under a guaranteed minimum withdrawal benefit Rider;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• we may not change the Annuity Option or the form of settlement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Guaranteed Minimum Death Benefit terminates.

Please read the description of each Annuity Option carefully. Periodic payment amounts will differ based on the Annuity Option selected. Also, the payments will depend upon one's age, the duration selected, the Contract Value at the time of annuitization, current mortality tables, etc. Generally, the longer the possible payment period, the lower the payment amount. Typically, a non-refund life annuity provides the highest level of payments. However, because there is no guarantee that any minimum number of payments will be made, an Annuitant might receive only one payment if the Annuitant dies prior to the date the second payment is due. You may also elect annuities with payments guaranteed for a certain number of years but the amount of each payment will be lower than that available under the non-refund life Annuity Option.

**Annuity Options offered in the Contract**. The Contracts guarantee the availability of the following Annuity Options:

*Option 1(a): Non-Refund Life Annuity* – An annuity with payments during the lifetime of the Annuitant. No payments are due after the death of the Annuitant. Because we do not guarantee that we will make any minimum number of payments, an Annuitant might receive only one payment if the Annuitant dies prior to the date the second payment is due.

*Option 1(b): Life Annuity with Payments Guaranteed for 10 Years* – An annuity with payments guaranteed for 10 years and continuing thereafter during the lifetime of the Annuitant. Because we guarantee payments for 10 years, we will make annuity payments to the end of such period if the Annuitant dies prior to the end of the tenth year.

*Option 2(a): Joint & Survivor Non-Refund Life Annuity* – An annuity with payments during the lifetimes of the Annuitant and a designated co-Annuitant. No payments are due after the death of the last survivor of the Annuitant and co-Annuitant. Because we do not guarantee that we will make any minimum number of payments, an Annuitant or co-Annuitant might receive only one payment if the Annuitant and co-Annuitant die prior to the date the second payment is due.

*Option 2(b): Joint & Survivor Life Annuity with Payments Guaranteed for 10 Years* – An annuity with payments guaranteed for 10 years and continuing thereafter during the lifetimes of the Annuitant and a designated co-Annuitant. Because we

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guarantee payments for 10 years, we will make annuity payments to the end of such period if both the Annuitant and the co-Annuitant die prior to the end of the tenth year.

**Additional Annuity Options**. When you annuitize, we may offer one or more Annuity Options in addition to the ones we are contractually obligated to make available.

**Additional Annuity Options for Contracts with a Guaranteed Minimum Withdrawal Benefit Rider**. When you annuitize, we may make one or more additional Annuity Options available to a Contract with one of our guaranteed minimum withdrawal benefit ("GMWB") Riders (i.e., an Income Plus For Life<sup>®</sup> Series, Principal Plus, Principal Plus for Life, Principal Plus for Life *Plus* Spousal Protection, Principal Plus for Life *Plus* Automatic Annual Step-Up, or Principal Returns optional benefit Rider, as described in Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits"). If you purchased a Contract with a GMWB Rider, you may select the additional Annuity Options shown below. *Unless we permit otherwise, these additional Annuity Options are only available for Maturity Dates that coincide with the first day of the month following the later of the 90th birthday of the oldest Annuitant or the tenth Contract Anniversary*.

*GMWB Alternate Annuity Option 1: Lifetime Income Amount with Cash Refund* – This Annuity Option is available if you purchased a Contract with one of the Income Plus For Life<sup>®</sup> Series Riders. For each of the Income Plus For Life – Joint Life<sup>®</sup> Riders, this Annuity Option is available only if one Covered Person, not two, remains on the Rider at the Annuity Commencement Date. Under this option, we will make annuity payments during the lifetime of the Annuitant. After the death of the Annuitant, we will pay the Beneficiary a lump sum amount equal to the excess, if any, of the Contract Value at the election of this option over the sum of the annuity payments made under this option. The annual amount of the annuity payments will equal the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Amount on the Annuity Commencement Date, if any, as provided by the GMWB Rider that you purchased with your Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the annual amount that the proceeds of your Contract provides on a guaranteed basis under a life with cash refund annuity.

*GMWB Alternate Annuity Option 2: Joint & Survivor Lifetime Income Amount with Cash Refund* – This Annuity Option is available if you purchased a Contract with one of the Income Plus For Life – Joint Life<sup>®</sup> Riders and both Covered Persons remain on the Rider at the Annuity Commencement Date. Under this option, we will make annuity payments during the joint lifetimes of the co-Annuitants. After the death of the last surviving Annuitant, we will pay the Beneficiary a lump sum amount equal to the excess, if any, of the Contract Value at the election of this option over the sum of the annuity payments made under this option. The annual amount of the annuity payments will equal the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Amount on the Annuity Commencement Date, if any, as provided by the GMWB Rider that you purchased with your Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the annual amount that the proceeds of your Contract provides on a guaranteed basis under a joint life with cash refund annuity.

*GMWB Alternate Annuity Option 3: Fixed Annuity with Period Certain* – This Annuity Option is available if you purchased a Contract with the Principal Plus for Life, Principal Plus for Life *Plus* Automatic Annual Step-Up or Principal Returns optional benefit Rider. If you purchased a Contract with a Principal Plus for Life *Plus* Spousal Protection Rider, this Annuity Option is available only if one Covered Person, not two, remains under the Rider at the Annuity Commencement Date. This option provides an annuity with payments guaranteed for a certain period and continuing thereafter during the lifetime of a single Annuitant. We determine the certain period by dividing the Benefit Base (may be referred to as the "Guaranteed Withdrawal Balance" in your Rider) at the Annuity Commencement Date by the amount of the annual annuity payment we determine for this option. This period will be rounded to the next higher month.

We determine the annual amount of Fixed Annuity payments under this option as the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Amount on the Maturity Date, if any, as provided by the GMWB Rider that you purchased with your Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the annual amount that the proceeds of your Contract provides on a guaranteed basis under Annuity Option 1(a): Non- Refund Life Annuity.

*GMWB Alternate Annuity Option 4: Spousal LIA Fixed Annuity with Period Certain* – This Annuity Option is available if you purchased a Contract with the Principal Plus for Life *Plus* Spousal Protection Rider, and both Covered Persons remain under the Rider at the Annuity Commencement Date. This option provides an annuity with payments guaranteed for a certain period

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and continuing thereafter during the lifetimes of the Annuitant and co-Annuitant. If you elect this option, we will make payments for a certain period and after that during the joint lifetimes of the Annuitant and Co-Annuitant. Payments will then continue during the remaining lifetime of the survivor. No payments are due after the death of the last surviving Annuitant or, if later, the end of the certain period. We determine the certain period by dividing the Benefit Base (may be referred to as the "Guaranteed Withdrawal Balance" in your Rider) at the Annuity Commencement Date by the amount of the annual annuity payment we determine for this option. This period will be rounded to the next higher month.

We determine the annual amount of Fixed Annuity payments under this option as the *greater* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Amount, if any, as provided by the Rider that you purchased with your Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the annual amount that the proceeds of your Contract provides on a guaranteed basis under Annuity Option 2(a): Joint and Survivor Non-Refund Life Annuity.

*GMWB Alternate Annuity Option 5: Fixed Period Certain Only* – This Annuity Option is available only if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you purchased a Contract with a Principal Plus, Principal Plus for Life, Principal Plus for Life *Plus* Spousal Protection, Principal Plus for Life *Plus* Automatic Annual Step-Up, or a Principal Returns optional benefit Rider; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• there is no Lifetime Income Amount remaining (or none has been determined) at the Annuity Commencement Date.

This Annuity Option provides a Fixed Annuity with payments guaranteed for a certain period and no payments thereafter. Under this option, we determine the certain period by dividing the Benefit Base (may be referred to as the "Guaranteed Withdrawal Balance" in your Rider) at the Maturity Date by the Guaranteed Withdrawal Amount at the Annuity Commencement Date. This period will be rounded to the next higher month. (If the period certain is less than 5 years, we may pay the benefit as a lump sum equal to the present value of the annuity payments at the rate of interest for Annuity Options as described in the Contract.) We determine the annual amount of Fixed Annuity payments under this option as the *greater* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount on the Annuity Commencement Date as provided by the Rider that you purchased with your Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the annual amount for a Fixed Annuity with the same period certain that we determine for this option, but based on the interest rate for Annuity Options described in your Contract.

**Fixed Annuity Options**. Upon death (subject to the distribution of death benefits provisions; see "Death Benefit During Accumulation Period"), withdrawal or the Maturity Date of the Contract, the proceeds may be applied to a Fixed Annuity Option.

We determine the amount of each Fixed Annuity payment by applying the portion of the proceeds (minus any applicable premium taxes) applied to purchase the Fixed Annuity to the appropriate annuity factor table in the Contract. If the table we are currently using is more favorable to you, we will substitute that table. If you choose an Annuity Option that is not guaranteed in the Contract, we will use the appropriate table that we are currently offering. We guarantee the dollar amount of Fixed Annuity payments.

We do not permit you to apply any amount less than your entire Contract Value to the Annuity Options available under your Contract. If you request to use a part of your Contract Value to purchase an immediate annuity contract, we will treat the request as a withdrawal request, subject to any applicable withdrawal charge. Such a withdrawal may also have tax consequences.

*Determination of Amount of the First Variable Annuity Payment* 

We determine the first Variable Annuity payment by applying the portion of the proceeds (minus any applicable premium taxes) applied to purchase a Variable Annuity to the annuity factor tables contained in the Contract. If the table we are currently using is more favorable to you, we will substitute that table. We will determine the amount of the Contract Value as of the date not more than ten Business Days prior to the Annuity Commencement Date. We will reduce Contract Value used to determine annuity payments by any applicable premium taxes.

The rates contained in the annuity tables vary with the Annuitant's sex and age and the Annuity Option selected. However, we may not use sex-distinct tables for Contracts issued in connection with certain employer-sponsored retirement plans, with Contracts issued to residents of Massachusetts on or after January 1, 2009, or with Contracts issued in Montana. The longer the life expectancy of the Annuitant under any life Annuity Option or the longer the period for which payments are guaranteed under the option, the smaller the amount of the first monthly Variable Annuity payment will be.

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*Annuity Units and the Determination of Subsequent Variable Annuity Payments* 

We base Variable Annuity payments after the first one on the investment performance of the Subaccounts selected during the Pay-out Period. The amount of a subsequent payment is determined by dividing the amount of the first annuity payment from each Subaccount by the Annuity Unit value of that Subaccount (as of the same date the Contract Value to effect the annuity was determined) to establish the number of Annuity Units which will thereafter be used to determine payments. This number of Annuity Units for each Subaccount is then multiplied by the appropriate Annuity Unit value as of a uniformly applied date not more than ten Business Days before the annuity payment is due, and the resulting amounts for each Subaccount are then totaled to arrive at the amount of the annuity payment to be made. The number of Annuity Units generally remains constant throughout the Pay-out Period (assuming no transfer is made).

We charge the same Annual Separate Account Expenses during the annuitization period as we do during the Accumulation Period. We determine the "net investment factor" for an Annuity Unit in the same manner as we determine the net investment factor for an accumulation unit (see "Value of Accumulation Units" and "Net Investment Factor" in this section, above). The value of an Annuity Unit for each Subaccount for any Business Day is determined by multiplying the Annuity Unit value for the immediately preceding Business Day by the net investment factor for that Subaccount (see "Net Investment Factor") for the valuation period for which the Annuity Unit value is being calculated and by a factor to neutralize the assumed interest rate.

Generally, if the net investment factor is greater than the assumed interest rate, the payment amount will increase. If the net investment factor is less than the assumed interest rate, the payment amount will decrease.

We build a 3% assumed interest rate into the annuity tables in the Contract used to determine the first Variable Annuity payment. (For **Ven 1, Ven 3, Ven 7, Ven 8** and **Ven 9** Contracts, the assumed interest is 4%.) The smallest annual rate of investment return which is required to be earned on the assets of the Separate Account so that the dollar amount of Variable Annuity payments will not decrease is shown in the following table:

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| | |
|:---|:---|
| **Contract Version** | **Rate** |
| Venture<sup>®</sup>2006 | 4.04% |
| Ven 20, 22, and 24 | 4.45% |
| Ven 3, 7, 8 and 9 | 5.47% |
| Ven 1 | 5.36% |

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*Transfers During the Pay-out Period* 

Once Variable Annuity payments have begun, you may transfer all or part of the investment upon which those payments are based from one Subaccount to another. You must submit your transfer request to our Annuities Service Center at least **30 days before** the due date of the first annuity payment to which your transfer will apply. We make transfers after the Annuity Commencement Date by converting the number of Annuity Units being transferred to the number of Annuity Units of the Subaccount to which the transfer is made, so that the next annuity payment if it were made at that time would be the same amount that it would have been without the transfer. Thereafter, annuity payments will reflect changes in the value of the Annuity Units for the new Subaccount selected. We reserve the right to limit, upon notice, the maximum number of transfers a Contract Owner may make to four per Contract Year. Once annuity payments have commenced, a Contract Owner may not make transfers from a Fixed Annuity Option to a Variable Annuity Option or from a Variable Annuity Option to a Fixed Annuity Option. In addition, we reserve the right to defer the transfer privilege at any time that we are unable to purchase or redeem shares of a Portfolio. We also reserve the right to modify or terminate the transfer privilege at any time in accordance with applicable law.

*Surrenders* 

**Full Surrenders During the Pay-out Period**. You may surrender your Contract, after the Pay-out Period has begun, only if, at the time you annuitized, we offered and you selected a variable pay-out under a period certain only Annuity Option for 10, 15, or 20 years. Under this option, we will pay you the present value of any remaining guaranteed annuity payments ("Commuted Value") of your Contract. The Commuted Value is determined on the day we receive your written request for surrender. We determine the Commuted Value by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• multiplying the number of Annuity Units we currently use to determine each payment by the respective Annuity Unit value on the last payment date (see "Annuity Units and the Determination of Subsequent Variable Annuity Payments" below for a description of an "Annuity Unit");

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• assuming that the net investment factor for the remainder of the guarantee period will equal the assumed interest rate of 3%, resulting in level annuity payments; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• calculating the present value of these payments at the assumed interest rate of 3%.

If you elect to take the entire Commuted Value of the remaining annuity payments due in the Period Certain, no future annuity payments will be made.

**Partial Surrenders During the Pay-out Period**. We permit partial surrenders after the Pay-out Period has begun, only if, at the time you annuitized, we offered and you selected a variable pay-out under a period certain only Annuity Option for 10, 15, or 20 years. You may take partial surrenders of amounts equal to the Commuted Value of the payments that we would have made during the Period Certain. The Commuted Value is determined in the manner described above on the day we receive your written request for surrender.

If you elect to take only the Commuted Value of some of the remaining annuity payments due in the Period Certain, we will reduce the remaining annuity payments during the remaining Period Certain by reducing the number of Annuity Units used to determine payments (see "Annuity Units and the Determination of Subsequent Variable Annuity Payments" in this section, below, for how we determine the initial number of Annuity Units used to determine payments). Since there will be fewer Annuity Units, your remaining payments will be reduced. The new number of Annuity Units used to determine future payments after an amount is commuted will equal ***a*** × {1 – ((***b* ÷ *c***) **÷ *d***)}, where:

***a*** equals the number of Annuity Units used to determine future payments before the commutation;

***b*** equals the dollar amount requested to be paid out as part of the commutation;

***c*** equals the present value of all Annuity Units to be paid out if there were no commutation, where the interest rate used to present value the Annuity Units is the assumed interest rate of 3%; and

***d*** equals the Annuity Unit value on the day the commutation is executed.

For example, assume that before you request a partial Commuted Value, you will receive 400 units a year for 10 years. You request $20,000 in Commuted Value. Since you are receiving those 400 units for 10 years, c equals the present value of 400 units for 10 years starting the end of this year at a rate of an assumed interest rate of 3%. This value is 3,412.08 units. Assuming the annuity unit value on the day the commutation is executed is $12.50, after the commutation you will receive 400 × {1 – (($20,000 ÷ 3412.08) ÷ $12.50)} = 212.43 units a year for 10 years.

Once annuity payments begin under an Annuity Option, you cannot make any additional withdrawals under a Contract with <br> a GMWB Rider<br>

*Death Benefit During the Pay-out Period* 

If an Annuity Option providing for payments for a guaranteed period has been selected, and the Annuitant dies during the Pay-out Period, we make the remaining guaranteed payments to the Beneficiary. We make any remaining payments as rapidly as under the method of distribution being used as of the date of the Annuitant's death. If no Beneficiary is living, we commute any unpaid guaranteed payments to a single sum (on the basis of the interest rate used in determining the payments) and pay that single sum to the estate of the last to die of the Annuitant and the Beneficiary.

We do not make any payments to a Beneficiary, however, if the last surviving Covered Person dies while we are making payments under an Annuity Option providing only for payments for life, or payments during the Settlement Phase under an optional GMWB Rider. Please read Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for additional information.

*Optional Guaranteed Minimum Income Benefits* 

Please see Appendix D: "Optional Guaranteed Minimum Income Benefits" for a general description of the Optional Guaranteed Retirement Income Program Riders that may enhance guaranteed income benefits under the Contract you purchased. These optional benefit Riders guarantee a minimum lifetime fixed income benefit in the form of fixed monthly annuity payments. We base the guarantee on an amount called the "Income Base," which can be increased or decreased as provided in the Riders. The Guaranteed Retirement Income Program Riders were available only at Contract issue. The Riders cannot be revoked once elected.

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**Other Contract Provisions** 

*Ownership* 

Prior to the Maturity Date, the Contract Owner is the person(s) designated in the specifications page or as subsequently named. On and after the Annuity Commencement Date, the Annuitant is the Contract Owner. If amounts become payable to any Beneficiary under the Contract, the Beneficiary is the Contract Owner.

You must make any requests to change ownership in writing and we must receive such written change at the Annuities Service Center. We reserve the right to approve or disapprove any change.

Before requesting a change of ownership or making an assignment of your Contract, please consider the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A change of ownership or a collateral assignment may be treated as a distribution from the Contract and subject to tax. We consider a collateral assignment to be a distribution from the Contract, and we will report any taxable amounts as may be required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In states where permitted, a change of ownership may result in termination of any applicable minimum withdrawal benefit guarantee. (If you purchased a GMWB Rider, you can get more information from Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits.")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• An addition of any Contract Owner may result in a reduction of the death benefit. We may reset the death benefit to an amount equal to the Contract Value as of the date of the change of ownership, and treat that amount as a "Purchase Payment" made on the same date for purposes of computing further adjustments to the amount of the death benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In states where permitted, a substitution of any Contract Owner may result in a reduction of the death benefit. We may reset the death benefit to an amount equal to the Contract Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A change of ownership (or collateral assignment) is subject to the rights of any irrevocable Beneficiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not change ownership or make a collateral assignment after the earlier of the Maturity Date or the Annuity Commencement Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contracts issued to a Qualified Plan may be subject to restrictions on transferability. For example, Qualified Contracts generally may not be transferred except by the trustee of an exempt employees' trust which is part of a retirement plan qualified under section 401 of the Code or as otherwise permitted by applicable Treasury Department regulations. You may not be able to sell, assign, transfer, discount or pledge (as collateral for a loan or as security for the performance of an obligation, or for any other purpose) a Qualified Contract to any person other than us.

We assume no liability for any payments made or actions taken before a change is approved or an assignment is received or accepted (as applicable in the state where your Contract was issued). We assume no responsibility for the validity or sufficiency of any assignment. An absolute assignment or ownership change will revoke the interest of any revocable Beneficiary. Any resulting "Purchase Payment" will not be included in cumulative Purchase Payments and is not eligible for a Payment Enhancement, where available.

**Group Contracts** *(John Hancock USA Contracts only)*. An eligible member of a group to which a group contract has been issued may have become an Owner under the Contract by submitting a completed application, if required by us, and a minimum Purchase Payment. If so, we issued a Contract summarizing the rights and benefits of that Owner under the group contract, or we issued an individual Contract to an applicant acceptable to us. We reserved the right to decline to issue a Contract to any person in our sole discretion. All rights and privileges under the Contract may be exercised by each Owner as to his or her interest unless expressly reserved to the group holder. However, provisions of any plan in connection with which the group contract was issued may restrict an Owner's ability to exercise such rights and privileges.

In the case of a group annuity contract, we may not modify the group contract or any Contract without consent of the group holder or the Owner, as applicable, except to make it conform to any law or regulation or ruling issued by a governmental agency. However, on 60 days' notice to the group holder, we may change the administration fees, mortality and expense risk charges, annuity purchase rates and the market value charge (where applicable) as to any Contract issued after the effective date of the modification. All Contract rights and privileges not expressly reserved to the group holder may be exercised by each Owner as to his or her interests as specified in his or her Contract.

**Acceptance of Contracts**. John Hancock USA has discontinued new applications and issuance of new group contracts.

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*Annuitant* 

The Annuitant is any natural person or persons whose life is used to determine the duration of annuity payments involving life contingencies. The Annuitant is entitled to receive all annuity payments under the Contract. If the Contract Owner names more than one person as an Annuitant, the second person named shall be referred to as "*co-Annuitant*." The Annuitant is as designated on the Contract specifications page or in the application, unless changed. You must make any change of Annuitant in writing in a form acceptable to us and the change must be received at our Annuities Service Center. We must approve any change.

On the death of the Annuitant prior to the Annuity Commencement Date, the co-Annuitant, if living, becomes the Annuitant. If there is no living co-Annuitant, the Owner becomes the Annuitant (the Owner may name a new Annuitant). In the case of certain Qualified Contracts, there are limitations on the ability to designate and change the Annuitant and the co-Annuitant. The Annuitant becomes the Owner of the Contract on the Annuity Commencement Date.

If any Annuitant is changed and any Contract Owner is not a natural person, we normally distribute the entire interest in the Contract to the Contract Owner within five years. We reduce the amount distributed by charges that would otherwise apply upon withdrawal.

*Beneficiary* 

The Beneficiary is the person, persons or entity designated in your specifications page (or as subsequently changed). However, if there is a surviving Contract Owner, we treat that person as the Beneficiary. You may change the Beneficiary subject to the rights of any irrevocable Beneficiary. You must make any change in writing and the change must be received at our Annuities Service Center. We must approve any change. If approved, we effect such change as of the date on which it was written. We assume no liability for any payments made or actions taken before the change is approved. If no Beneficiary is living, any designated Contingent Beneficiary becomes the Beneficiary. The interest of any Beneficiary is subject to that of any assignee. If no Beneficiary or Contingent Beneficiary is living, the Beneficiary is the estate of the deceased Contract Owner. In the case of certain Qualified Contracts, Treasury Department regulations may limit designations of Beneficiaries.

For **Ven 1, Ven 3, Ven 7, Ven 8 and Ven 9 Contracts** only, the Beneficiary is initially designated in the application. You may change the Beneficiary during the lifetime of the Annuitant subject to the rights of any irrevocable Beneficiary. You must make any change in writing and the change must be received at our Annuities Service Center. We must approve any change. If approved, we will effect such change as of the date on which written. We assume no liability for any payments made or actions taken before the change is approved. Prior to the Maturity Date, if no Beneficiary survives the Annuitant, the Contract Owner or the Contract Owner's estate will be the Beneficiary. The interest of any Beneficiary is subject to that of any assignee. In the case of certain Qualified Contracts, regulations promulgated by the Treasury Department prescribe certain limitations on the designation of a Beneficiary and the Code may limit the payout options available for certain classes of Beneficiaries.

*Modification* 

We may not modify your Contract or certificate without your consent, except to the extent required to make it conform to any law or regulation or ruling issued by a governmental agency.

*Code Section 72(s)* 

In order for our Nonqualified Contracts (i.e., Contracts not purchased to fund an IRA or other Qualified Plan) to be treated as annuities under the Code, we will interpret the provisions of the Contract so as to comply with the requirements of section 72(s) of the Code, which prescribes certain provisions governing distributions after the death of the Owner.

*Misstatement and Proof of Age, Sex or Survival* 

We normally require proof of age, sex (where permitted by state law) or survival of any person upon whose age, sex or survival any payment depends. If the age or sex of the Annuitant has been misstated, the benefits will be those that would have been provided for the Annuitant's correct age and sex. If we have made incorrect annuity or benefit payments under the Contract, the amount of any underpayment will be paid immediately and the amount of any overpayment will be deducted from future annuity or benefit payments.

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**Fixed Investment Options** 

Interests in a Fixed Investment Option are not registered under the Securities Act of 1933, as amended (the "1933 Act"), and each Company's General Account is not registered as an investment company under the 1940 Act. Neither interests in a Fixed Investment Option nor a General Account are subject to the provisions or restrictions of the 1933 Act or the 1940 Act. Nonetheless, federal securities laws may require disclosures relating to interests in a Fixed Investment Option and a General Account to be accurate. The obligations under the Contract that are funded by each Company's General Account (e.g., as any Fixed Investment Option, the Lifetime Income Amount, the death benefit and any guaranteed amounts associated with our optional benefits Riders), are subject to the Company's claims-paying ability and financial strength.

**Interest Rates and Availability**. Currently, we do not make any Fixed Investment Options available for Additional Purchase Payments. However, you may previously have allocated some or all of your Contract Value to a Fixed Investment Option, and we may, in the future, make Fixed Investment Options available under the Contract, including a DCA Fixed Investment Option under the DCA program (see "Special Transfer Services – Dollar Cost Averaging Program" for details). A Fixed Investment Option provides for the accumulation of interest on Purchase Payments at guaranteed rates for the duration of the guarantee period. We determine the guaranteed interest rates on amounts allocated or transferred to a Fixed Investment Option from time-to-time. In no event will the guaranteed rate of interest be less than guaranteed minimum interest rate stated in your Contract. Once an interest rate is guaranteed for a Fixed Investment Option, it is guaranteed for the duration of the guarantee period, and we may not change it.

When you purchased the Contract, certain Fixed Investment Options may have been available to you as detailed below.

*John Hancock USA Contracts:* 

**Fixed Investment Options under Ven 7 and Ven 8 Contracts.** For these Contracts, 1, 3 and 6 year Fixed Investment Options may have been available at issue. As of October 7, 2002, new Purchase Payments may not be allocated to the 1 and 3 year Fixed Investment Options and as of December 30, 2002, new Purchase Payments may not be allocated to the 6 year Fixed Investment Option.

**Fixed Investment Options under Ven 20 and Ven 22 Contracts.** For these Contracts, 1 and 3 year Fixed Investment Options were available for Contracts issued prior to October 7, 2002. New Purchase Payments under these Contracts may not be allocated to the 1 or 3 year Fixed Investment Options, but transfers from the Variable Investment Options will be permitted. For Contracts issued on and after October 7, 2002, Purchase Payments and transfers to the 1 and 3 year Fixed Investment Options are not allowed.

In addition, 5 and 7 year Fixed Investment Options were available for Contracts issued prior to December 30, 2002. New Purchase Payments under these Contracts may not be allocated to the 5 or 7 year Fixed Investment Options, but transfers from the Variable Investment Options will be permitted. For Contracts issued on and after December 2002, Purchase Payments and transfers to the 5 and 7 year Fixed Investment Options are not allowed.

**Fixed Investment Options under Venture**<sup>®</sup> **Contracts (Venture**<sup>®</sup> **2006).** Currently, we do not make any Fixed Investment Options available.

**No Fixed Investment Options for Ven 1 and Ven 3 Contracts.** These Contracts do not provide for a fixed-dollar accumulation prior to the Maturity Date. You should disregard the description in this Prospectus of the Fixed Investment Options, Loans and the transfer and Dollar Cost Averaging provisions, to the extent that they relate to the Fixed Investment Options.

*John Hancock New York Contracts:* 

**Fixed Investment Options under Ven 9 Contracts**. For these Contracts, 1, 3 and 6 year Fixed Investment Options may have been available at issue.

**Fixed Investment Options under Venture**<sup>®</sup> **Contracts (Ven 24).** For these Contracts, 1, 3, 5 and 7 year Fixed Investment Options may have been available at issue. If you purchased your Contract on or after March 24, 2003, you may not make Purchase Payments or transfers to the Fixed Investment Options. However, if you purchased your Contract prior to March 24, 2003 and elected any of the available Fixed Investment Options, you may be able to make Additional Purchase Payments and transfer money from the Variable Investment Options to the Fixed Investment Options available under your Contract.

**Fixed Investment Options under Venture**<sup>®</sup> **Contracts (Venture**<sup>®</sup> **2006)**. Currently, we do not make any Fixed Investment Options available.

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Certain states may impose restrictions on the availability of Fixed Investment Options under your Contract.

**Transfers.** During the Accumulation Period, you normally may transfer amounts from a Fixed Investment Option to the Variable Investment Options only at the end of a guaranteed period. You may, however, transfer amounts from Fixed to Variable Investment Options prior to the end of the guarantee period pursuant to the DCA program (when available). Where there are multiple Investment Accounts within a Fixed Investment Option, amounts must be transferred from that Fixed Investment Option on a first-in-first-out basis.

You may also make transfers from Variable Investment Options to a Fixed Investment Option, if available, at any time prior to the Annuity Commencement Date, as permitted by applicable law. We establish a separate Investment Account each time you allocate or transfer amounts to a Fixed Investment Option, except that for amounts allocated or transferred the same day, we will establish a single Investment Account. You may not allocate amounts to a Fixed Investment Option that would extend the guarantee period beyond the Annuity Commencement Date.

Subject to certain regulatory limitations, we may determine to restrict payments and transfers to Fixed Investment Options at any time the declared interest rate in effect equals the minimum interest rate specified in your Contract.

**Renewals.** At the end of a guarantee period, you may establish a new Investment Account with the same guarantee period at the then current interest rate, if available, or transfer the amounts to a Variable Investment Option, all without the imposition of any charge. In the case of renewals in the last year of the Accumulation Period, the only Fixed Investment Option available is to have interest accrued for the remainder of the Accumulation Period at the then current interest rate for one-year guarantee period. If you do not specify a renewal option, we will select the one-year Fixed Investment Option.

**Market Value Charge.** Any amount withdrawn, transferred or borrowed from a Fixed Investment Account prior to the end of the guarantee period may be subject to a market value charge. A market value charge is assessed only when current interest rates are higher than the guaranteed interest rate on the account. The charge compensates us for our investment losses on amounts withdrawn, transferred or borrowed prior to the Maturity Date. The formula for calculating this charge is set forth in your Contract. A market value charge will be calculated separately for each Investment Account affected by a transaction to which a market value charge may apply. The market value charge for an Investment Account will be calculated by multiplying the amount withdrawn or transferred from the Investment Account by the adjustment factor described below.

For most Venture<sup>®</sup> Contracts, the adjustment factor is determined by the following formula: 0.75 × (B-A) × C/12 where:

A = The guaranteed interest rate on the Investment Account.

B = The guaranteed interest rate available, on the date the request is processed, for amounts allocated to a new Investment Account with the same length of guarantee period as the Investment Account from which the amounts are being withdrawn.

C = The number of complete months remaining to the end of the guarantee period.

For purposes of applying this calculation, the maximum difference between "B" and "A" will be 3%. The adjustment factor may never be less than zero.

For **Ven 7, Ven 8** and **Ven 9** Contracts, however, the maximum difference between "B" and "A" will be 3%. The adjustment factor will never be greater than 2 × (A – 4%) and never less than zero. ("A" is the guaranteed interest rate on the Investment Account. "B" is the guaranteed interest rate available, on the date the request is processed, for amounts allocated to a new Investment Account with the same length of guarantee period as the Investment Account from which the amounts are being withdrawn).

The total market value charge will be the sum of the market value charges for each Investment Account being withdrawn. Where the guaranteed rate available on the date of the request is less than the rate guaranteed on the Investment Account from which the amounts are being withdrawn (B – A in the adjustment factor is negative), there is no market value charge. There is only a market value charge when interest rates have increased (B – A in the adjustment factor is positive).

We make no market value charge on withdrawals from the Fixed Investment Options in the following situations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• death of the Owner (death of Annuitant under **Ven 7, Ven 8** and **Ven 9** Contracts);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts withdrawn to pay fees or charges;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts applied at the Maturity Date to purchase an annuity at the guaranteed rates provided in the Contract;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts withdrawn from Investment Accounts within one month prior to the end of the guarantee period (applicable only to 3- and 6-year Fixed Investment Options for **Ven 7, Ven 8** and **Ven 9** Contracts);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts withdrawn from a one-year Fixed Investment Account (not applicable under **Ven 7, Ven 8** and **Ven 9** Contracts); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts withdrawn in any Contract Year that do not exceed 10% of (i) total Purchase Payments less (ii) any prior withdrawals in that Contract Year.

In no event will the market value charge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for **Ven 7, Ven 8** and **Ven 9** contracts) be greater than the earnings attributable to the amount withdrawn or transferred from an Investment Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for **Ven 20**, **Ven 22** and **Ven 24** contracts) be greater than the amount by which the earnings attributable to the amount withdrawn or transferred from an Investment Account exceed an annual rate of 3%;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• together with any withdrawal charges for an Investment Account be greater than 10% of the amount transferred or withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• reduce the amount payable on withdrawal or transfer below the amount required under the non-forfeiture laws of the state with jurisdiction over the Contract.

The cumulative effect of the market value and withdrawal charges could result in a Contract Owner receiving total withdrawal proceeds of less than the Contract Owner's Purchase Payments.

**Withdrawals**. You may make total and partial withdrawals of amounts held in a Fixed Investment Option at any time during the Accumulation Period. Withdrawals from a Fixed Investment Option will be made in the same manner and be subject to the same limitations as set forth under "Withdrawals" above.

We reserve the right to defer payment of amounts withdrawn from a Fixed Investment Option for up to six months from the date we receive the written withdrawal request. If a withdrawal is deferred for more than 30 days pursuant to this right, we will pay interest on the amount deferred at a rate not less than 3% per year (or a higher rate if required by applicable law).

If you do not specify the Investment Options from which a withdrawal is to be taken, the withdrawal will be taken from the Variable Investment Options until exhausted and then from the Fixed Investment Options. Such withdrawals will be made from the Investment Options beginning with the shortest guarantee period. Within such a sequence, where there are multiple Investment Accounts within a Fixed Investment Option, withdrawals will be made on a first-in-first-out basis. For this purpose, the DCA Fixed Investment Option is considered to have a shorter guarantee period than the one-year Fixed Investment Option.

The market value charge described above may apply to withdrawals from any Investment Option except for a one-year Fixed Investment Option. If a market value charge applies to a withdrawal from a Fixed Investment Option, it will be calculated with respect to the full amount in the Investment Option and deducted from the amount payable in the case of a total withdrawal. In the case of a partial withdrawal, the market value charge will be calculated on the amount requested and deducted, if applicable, from the remaining Investment Account value.

Withdrawals from the Contract may be subject to income tax and a 10% penalty tax. Withdrawals are permitted from Contracts issued in connection with Section 403(b) Plans only under limited circumstances. See "IX. Federal Tax Matters."

**Loans**. We offer a loan privilege only to Owners of Contracts issued prior to November 12, 2007, in connection with Section 403(b) Plans that are not subject to Title I of ERISA. If you own such a Contract, you may borrow from us, using your Contract as the only security for the loan, in the same manner and subject to the same limitations as described under "IX. Federal Tax Matters – Qualified Contracts – Loans." The market value charge described above may apply to amounts transferred from the Fixed Investment Accounts to the Loan Account in connection with such loans and, if applicable, will be deducted from the amount so transferred. **The loan privilege is not available if you elected any optional guaranteed minimum withdrawal benefit Rider.** 

**Charges**. No asset based charges are deducted from Fixed Investment Options.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**VIII. Charges and Deductions** 

We assess charges and deductions under the Contracts against Purchase Payments, Contract Values, or withdrawal or annuity payments. Currently, there are no deductions made from Purchase Payments. For information on the optional benefit fees, please see "IV. Fee Tables" and Appendix B: "Optional Enhanced Death Benefits," Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" and/or Appendix D: "Optional Guaranteed Minimum Income Benefits."

We may charge a separate fee for certain requested services (e.g., electronic fund transfers, providing replacement contracts, etc.).

In addition, there are deductions from and expenses paid out of the assets of the Portfolios that are described in the Portfolio prospectuses. See "Asset-Based Charges" below.

**Withdrawal Charges** 

If you make a withdrawal from your Contract during the Accumulation Period, we may assess a withdrawal charge. We base the withdrawal charge on the length of time a Purchase Payment has been in your Contract, and the amount of the withdrawal we attribute to unliquidated Purchase Payments.

**Amounts to Which Withdrawal Charges Do Not Apply**. We do not assess a withdrawal charge with respect to: (i) earnings accumulated in the Contract; (ii) Payment Enhancements (where applicable) and any earnings attributable to Payment Enhancements; (iii) certain other "free Withdrawal Amounts," described below; (iv) distributions required to satisfy federal income tax minimum distribution requirements attributable to this Contract; or (v) Purchase Payments that are no longer subject to a withdrawal charge as described in the table below. A market value charge may apply to these transactions (see "VII. Description of the Contract – Market Value Charge").

We do not impose a withdrawal charge on amounts allocated to a "free Withdrawal Amount." In any Contract Year, (except for **Ven 1** and **Ven 3** Contracts) the free Withdrawal Amount for that year is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10% of total Purchase Payments (less all prior withdrawals in that Contract Year); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the accumulated earnings of the Contract (i.e., the excess of the Contract Value on the date of withdrawal over unliquidated Purchase Payments).

See below for a description of the **Ven 1** and **Ven 3** free Withdrawal Amounts.

**Amounts to Which Withdrawal Charges Do Apply**. We first allocate a withdrawal to any free Withdrawal Amount and second to "unliquidated Purchase Payments" (i.e., the amount of all Purchase Payments in the Contract net of any withdrawals of Purchase Payments in excess of the free Withdrawal Amount that have been taken to date).

Withdrawals of up to the free Withdrawal Amount may be withdrawn without the imposition of a withdrawal charge. If the amount of a withdrawal exceeds the free Withdrawal Amount, the excess will be allocated to Purchase Payments which will be "liquidated" on a first-in first-out basis. On any withdrawal request, we will liquidate Purchase Payments equal to the amount of the withdrawal request which exceeds the free Withdrawal Amount in the order the Purchase Payments were made: the oldest unliquidated Purchase Payment first, the next Purchase Payment second, etc., until all Purchase Payments have been liquidated.

Upon a full surrender of a Contract, we will liquidate the excess of all unliquidated Purchase Payments over the free Withdrawal Amount for purposes of calculating the withdrawal charge.

**How We Determine the Withdrawal Charge**. We deduct from the amount paid to the Contract Owner as a result of the withdrawal, any applicable withdrawal charge, Contract and Rider fees, and any taxes. In the case of a withdrawal, the amount requested from an Investment Account may not exceed the value of that Investment Account less any applicable fees and charges.

There is generally no withdrawal charge on distributions made as a result of the death of the Contract Owner or, if applicable, the Annuitant, and we impose no withdrawal charges on the Annuity Commencement Date if the Contract Owner annuitizes as provided in the Contract.

Withdrawal charges help to compensate us for the cost of selling the Contracts. The amount of the charges in any Contract Year does not specifically correspond to sale expenses for that year. We expect to recover our total sales expenses over the life of the Contracts. To the extent that the withdrawal charges do not cover total sales expenses, the sales expenses may be

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recovered from other sources, including gains from the asset-based risk charge and other gains with respect to the Contracts, or from general assets. Similarly, administrative expenses not fully recovered by the administration fees may also be recovered from such other sources.

For examples of calculation of the withdrawal charge, see Appendix A: "Examples of Calculation of Withdrawal Charge." Withdrawals from the Fixed Investment Options may be subject to a market value charge in addition to the withdrawal charge.

**Ven 1 Withdrawal Charge**. The withdrawal charge (may also be referred to as "surrender charge") assessed under the **Ven 1** Contract is 5% of the lesser of (1) the amount surrendered or (2) the total of all Purchase Payments made within the sixty months immediately preceding the date of surrender. The charge is deducted from the Contract Value remaining after the Contract Owner is paid the amount requested, except in the case of a complete surrender when it is deducted from the amount otherwise payable. After the first Contract Year, no withdrawal charge will be made on that part of the first surrender in any Contract Year which does not exceed 10% of the Contract Value computed as of the date of such surrender. The right to surrender up to 10% of the Contract Value free of any withdrawal charge does not apply to Contracts issued in connection with Section 403(b) Plans. There is no withdrawal charge on distributions made as a result of the death of the Annuitant or Contract Owner. Under no circumstances will the total of all withdrawal charges exceed 5% of total Purchase Payments. The amount of the withdrawal charge is calculated by multiplying the amount of the Purchase Payment being liquidated by the applicable withdrawal charge percentage as shown in the Fee Table.

**Ven 3 Withdrawal Charge**. The withdrawal charge assessed under the **Ven 3** Contract is 5%. The free Withdrawal Amount in any Contract Year is the greater of: (1) 10% of the Contract Value at the beginning of the Contract Year, or (2) 10% of the total Purchase Payments made in the current Contract Year and the preceding 4 Contract Years plus the amount of all unliquidated Purchase Payments made 5 or more Contract Years prior to the current Contract Year. Therefore, no withdrawal charge will apply to any Purchase Payment that has been in the Contract for at least 5 years. After all Purchase Payments have been liquidated, any accumulated earnings (i.e., the excess of the Contract Value on the date of the withdrawal over the unliquidated Purchase Payments) may be withdrawn free of charge. Under no circumstances will the total of all withdrawal charges exceed 5% of total Purchase Payments. The amount of the withdrawal charge is calculated by multiplying the amount of the Purchase Payment being liquidated by the applicable withdrawal charge percentage as shown in the Fee Table.

**Ven 7, Ven 8 and Ven 9 Withdrawal Charge**. In no event will the total withdrawal charges exceed 6% of the total Purchase Payments. The amount of the withdrawal charge is calculated by multiplying the amount of the Purchase Payment being liquidated by the applicable withdrawal charge percentage as shown in the Fee Table.

**Ven 20, 22, 24 and Venture**<sup>®</sup> **2006 Withdrawal Charge**. We do not impose a withdrawal charge on amounts allocated to a free Withdrawal Amount, and in no event will the total withdrawal charges exceed 6% (8% if you elected the Payment Enhancement Rider in New York) of the total Purchase Payments. Upon a full surrender of a Venture<sup>®</sup> Contract issued on and after April 1, 2003, John Hancock USA will liquidate the excess of all unliquidated Purchase Payments over the free Withdrawal Amount for purposes of calculating the withdrawal charge. Upon full surrender of a John Hancock USA Contract issued before April 1, 2003, and for all John Hancock New York Contracts, we will liquidate the excess of the Contract Value over the free Withdrawal Amount, if lower.

Each Purchase Payment or portion thereof liquidated in connection with a withdrawal request is subject to a withdrawal charge based on the length of time the Purchase Payment has been in the Contract. We calculate the amount of the withdrawal charge by multiplying the amount of the Purchase Payment being liquidated by the applicable withdrawal charge percentage shown below. The total withdrawal charge will be the sum of the withdrawal charges for the Purchase Payments being liquidated.

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**John Hancock USA Contracts – Withdrawal Charges** 

**(as percentage of Purchase Payments\*)** 

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| | | | |
|:---|:---|:---|:---|
|  | **Ven 20**<br> **Ven 22**<br> **Venture**<sup>®</sup>**2006**<br>| **Ven 7**<br> **Ven 8**<br>| **Ven 1**<br> **Ven 3**<br>|
| First Year | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 5% |
| Second Year | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 5% |
| Third Year | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 5% |
| Fourth Year | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 5% |
| Fifth Year | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 5% |
| Sixth Year | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |
| Seventh Year | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% | &nbsp;&nbsp; 0% |
| Thereafter | &nbsp;&nbsp; 0% | &nbsp;&nbsp; 0% | &nbsp;&nbsp; 0% |

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**John Hancock New York Contracts – Withdrawal Charges** 

**(as percentage of Purchase Payments\*)** 

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| | | | |
|:---|:---|:---|:---|
|  | **Ven 24**<br> **Venture**<sup>®</sup>**2006**<br> **(With Payment**<br> **Enhancement)**<br>| **Ven 24**<br> **Venture**<sup>®</sup>**2006**<br> **(Without Payment**<br> **Enhancement)**<br>| **Ven 9** |
| First Year | &nbsp;&nbsp; 8% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 6% |
| Second Year | &nbsp;&nbsp; 8% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 6% |
| Third Year | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 5% |
| Fourth Year | &nbsp;&nbsp; 7% | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 4% |
| Fifth Year | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 3% |
| Sixth Year | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 2% |
| Seventh Year | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 0% |
| Eighth Year | &nbsp;&nbsp; 1% | &nbsp;&nbsp; 0% | &nbsp;&nbsp; 0% |
| Thereafter | &nbsp;&nbsp; 0% | &nbsp;&nbsp; 0% | &nbsp;&nbsp; 0% |

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*Waiver of Applicable Withdrawal Charge – Confinement to Eligible Nursing Home* 

*(John Hancock USA Contracts only; not available in MA and NY)* 

For Contracts issued on or after May 1, 2002 (in states where approved), any applicable withdrawal charge will be waived on a total withdrawal prior to the Maturity Date if all of the following apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Owner has been confined to an "Eligible Nursing Home" for at least 180 days (the waiver does not apply to the confinement of any Annuitant unless the Owner is a non-natural person);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the confinement began at least one year after the Contract Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• confinement was prescribed by a "Physician";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• both the Owner and the Annuitant are alive as of the date we pay the proceeds of such total withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request for a total withdrawal and "Due Proof of Confinement" are received by us, in Good Order, no later than 90 days after discharge.

An "Eligible Nursing Home" is a licensed "Long Term Care Facility" or "Hospital" providing medically necessary inpatient care that is prescribed in writing by a licensed "Physician" and is based on physical limitations which requires daily living in an institutional setting. A "Long Term Care Facility" is a facility which: (a) is located in the United States or its territories; (b) is licensed by the jurisdiction in which it is located; (c) provides custodial care under the supervision of a registered nurse (R.N.); and (d) can accommodate three or more persons. A "Hospital" is a facility which: (a) is licensed as a Hospital by the jurisdiction in which it is located; (b) is supervised by a staff of licensed "Physicians"; (c) provides nursing services 24 hours a day by, or under the supervision of, a registered nurse (R.N.); (d) operates primarily for the care and treatment of sick or injured persons as inpatients for a charge; and has access to medical, diagnostic and major surgical facilities.

A "Physician" is a person other than you, the Annuitants(s) or a member of your or the Annuitant's families who is a licensed medical doctor (M.D.) or a licensed doctor of osteopathy (D.O.), practicing within the scope of that license.

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"Due Proof of Confinement" is a letter signed by a Physician containing: (a) the date the Owner was confined, (b) the name and location of the Eligible Nursing Home, (c) a statement that the confinement was medically necessary in the judgment of the Physician, and (d) if applicable, the date the Owner was released from the Eligible Nursing Home.

**The waiver described above is only applicable for total withdrawals and does not apply to partial withdrawals. The waiver is not available in all states and was not available for Contracts issued prior to May 1, 2002. Certain terms may vary depending on the state of issue as noted in your Contract. Withdrawals may be taxable and if made prior to age 59½ may be subject to a 10% penalty tax (see "IX. Federal Tax Matters"). Please consult with your own qualified tax professional before requesting the waiver.** 

There are or may be situations other than those described above or elsewhere in the Prospectus (see, e.g., "Reduction or Elimination of Charges and Deductions," below) that merit waiver of withdrawal charges, which we may consider on a case-by-case basis.

Additional Charges for the Payment Enhancement Rider. If you elected the Payment Enhancement Rider, the Separate Account annual expenses are increased by 0.35%. The guaranteed interest rate on Fixed Investment Options is reduced by 0.35%. In addition, each Purchase Payment will be subject to a higher withdrawal charge for a longer period of time. The maximum withdrawal charge if the Payment Enhancement Rider is elected is 8% (as opposed to 6% with no Payment Enhancement Rider) and the withdrawal charge period is 8 years if the Payment Enhancement Rider is elected (as opposed to 7 years with no Payment Enhancement Rider). Expenses for a Contract with a Payment Enhancement Rider may be higher than expenses for a Contract without the Rider, and the amount gained from the Rider may be more than offset by the additional fees and charges associated with the Rider.

**Annual Contract Fee** 

We deduct each year an annual Contract fee of $30 as partial compensation for the cost of providing all administrative services attributable to the Contracts and the operations of the Separate Account and the Company in connection with the Contracts. However, if prior to the Maturity Date the Contract Value is equal to or greater than $99,000 at the time of the fee's assessment, the fee will be waived. (There is no provision for waiver under **Ven 1**, **Ven 3**, **Ven 7**, **Ven 8** and **Ven 9** Contracts.) We deduct this administration fee on the Contract Anniversary during the Accumulation Period. It is withdrawn from each Investment Option in the same proportion that the value of such Investment Option bears to the Contract Value. If you withdraw the entire Contract Value on a day other than the Contract Anniversary, we will deduct the $30 Contract fee from the amount paid. During the Pay-out Period, we deduct the fee on a pro-rata basis from each annuity payment.

**Asset-Based Charges** 

We deduct asset-based charges daily to compensate us primarily for our administrative and distribution expenses, and for the mortality and expense risks we assume under the Contracts. We do not assess asset-based charges against Fixed Investment Options.

*Administration Fee* 

We allocate a portion of the asset-based charges, as shown in "IV. Fee Tables," to help cover our administrative expenses. We deduct from each of the Subaccounts a daily charge, at an annual effective rate of 0.15% of the value of each corresponding Variable Investment Option, to reimburse us for administrative expenses. The charge will be reflected in the Contract Value as a proportionate reduction in the value of each Variable Investment Option. Even though administrative expenses may increase, we guarantee that it will not increase the administration fee. (We do not separately identify an administration fee for **Ven 1** Contracts.)

*Mortality and Expense Risks Fee* 

The mortality risk we assume is the risk that Annuitants may live for a longer period of time than we estimate. We assume this mortality risk by virtue of annuity payment rates incorporated into the Contract which cannot be changed. This assures each Annuitant that his or her longevity will not have an adverse effect on the amount of annuity payments. We also assume mortality risks in connection with our guarantee that, if the Contract Owner dies during the Accumulation Period, we will pay a death benefit (see "VII. Description of the Contract – Death Benefit During Accumulation Period"). The expense risk we assume is the risk that any of the following, where applicable, may be insufficient to cover actual expenses: the annual fee, administration charges, distribution charge, or withdrawal charge.

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To compensate us for assuming these risks, we deduct from each of the Subaccounts a daily charge at the annual effective rate of 1.25% of the value of the Variable Investment Options for all Contracts except **Ven 1** and **Venture**<sup>®</sup> **2006** Contracts, 1.30% for **Ven 1** Contracts, and 1.00% for the first 7 Contract Years (8 Contract Years if you elect the Payment Enhancement Rider) and 0.85% thereafter for **Venture**<sup>®</sup> **2006** Contracts. The rate of the mortality and expense risks charge cannot be increased. The charge is assessed on all active Contracts, including Contracts continued by a Spousal Beneficiary upon the death of the Contract Owner or continued under any Annuity Option payable on a variable basis. If the asset-based charges are insufficient to cover the actual cost of the mortality and expense risks assumed, we bear the loss. Conversely, if the charges prove more than sufficient, the excess will be profit to us and will be available for any proper corporate purpose including, among other things, payment of distribution expenses. In cases where no death proceeds are payable (e.g., for Contracts continued by a non-Spousal Beneficiary upon the death of the Owner), or under the Period Certain Only Annuity Option, if you elect benefits payable on a variable basis, we continue to assess the Contractual mortality and expense risks charge, although we bear only the expense risk and not any mortality risk.

**Reduction or Elimination of Charges and Deductions** 

*(Not available in New York)* 

We may have reduced or eliminated the amount of the charges and deductions for certain Contracts where permitted by state law. These Contracts would involve sales to individuals or to a group of individuals in a manner that resulted in savings of sales or maintenance expenses or that we expected to result in reduction of other risks that are normally associated with the Contracts. We determined entitlement to such a reduction in the charges or deductions in the following manner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We considered the size and type of group to which sales are made. Generally, per Contract sales expenses for a larger group are smaller than for a smaller group because of the ability to implement large numbers of Contracts with fewer sales contacts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We considered the total amount of Purchase Payments to be received. Per-dollar sales expenses are likely to be less on larger Purchase Payments than on smaller ones;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We considered the nature of the group or class for which the Contracts were purchased including the expected persistency, mortality or morbidity risks associated with the group or class of Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We considered any prior or existing relationship with us. Per-Contract sales expenses were likely to be less when there was a prior or existing relationship because of the likelihood of implementing the Contract with fewer sales contacts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We considered the level of commissions paid to selling broker-dealers. Certain broker-dealers may have offered the Contract in connection with financial planning programs offered on a fee-for-service basis. In view of the financial planning fees, such broker-dealers may have elected to receive lower commissions for sales of the Contracts, thereby reducing our sales expenses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• There may have been other circumstances that resulted in reduced expenses.

If after consideration of the foregoing factors, we determined that there would be a reduction in expenses, we provided a reduction in the charges or deductions. In the case of group contracts, we may have issued Contracts with a mortality and expense risks charge at rates less than those set out above, if we concluded that the mortality or expense risks of the groups involved were less than the risks determined for persons for whom the Contracts have been generally designed. In no event did we permit reduction or elimination of the charges or deductions where that reduction or elimination was unfairly discriminatory to any person. We reserve the right to modify, suspend or terminate any reductions or waivers of charges at any time.

We eliminated the withdrawal charge when a Contract was issued to officers, trustees, directors or employees (or a relative thereof) of ours, of any of our affiliates, or of the John Hancock Variable Insurance Trust.

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**Premium Taxes** 

We make deductions for any applicable premium or similar taxes. Currently, certain jurisdictions assess a tax of up to 4% of each Purchase Payment.

In most cases, and subject to applicable law, we deduct a charge in the amount of the tax from the total value of the Contract only at the time of annuitization, death, surrender, or withdrawal. We reserve the right, however, to deduct the charge from each Purchase Payment at the time it is made. We compute the amount of the charge by multiplying the applicable premium tax percentage by the amount subject to tax under the applicable state law.

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| | | |
|:---|:---|:---|
|  | **Premium Tax Rate**<sup>1</sup>  | **Premium Tax Rate**<sup>1</sup>  |
| **State or Territory** | **Qualified Contracts** | **Nonqualified Contracts** |
| CA | &nbsp;&nbsp; 0.50% | &nbsp;&nbsp; 2.35% |
| CO | &nbsp;&nbsp; 0.00% | &nbsp;&nbsp; 2.00% |
| GUAM | &nbsp;&nbsp; 4.00% | &nbsp;&nbsp; 4.00% |
| ME<sup>2</sup> <br>| &nbsp;&nbsp; 0.00% | &nbsp;&nbsp; 2.00% |
| NV | &nbsp;&nbsp; 0.00% | &nbsp;&nbsp; 3.50% |
| PR | &nbsp;&nbsp; 1.00% | &nbsp;&nbsp; 1.00% |
| SD<sup>2</sup> <br>| &nbsp;&nbsp; 0.00% | &nbsp;&nbsp; 1.25%<sup>3</sup> <br>|
| TX<sup>4</sup> <br>| &nbsp;&nbsp; 0.037% | &nbsp;&nbsp; 0.037% |
| WY | &nbsp;&nbsp; 0.00% | &nbsp;&nbsp; 1.00% |

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<sup>1</sup>

*Based on the state of residence at the time the tax is assessed.* 

<sup>2</sup>

*We pay premium tax upon receipt of Purchase Payment.* 

<sup>3</sup>

*0.08% on Purchase Payments in excess of $500,000.* 

<sup>4</sup>

*Referred to as a "maintenance fee."*

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**IX. Federal Tax Matters** 

**Introduction** 

The following discussion of the federal income tax treatment of the Contract is not exhaustive, does not purport to cover all situations, and is not intended as tax advice. The federal income tax treatment of a Contract is quite complex; please consult your own qualified tax professional with regard to the application of the law to your circumstances. This discussion is based on the Code, Treasury Department regulations, and Internal Revenue Service ("IRS") rulings and interpretations existing on the date of this Prospectus. These authorities, however, are subject to change by Congress, the Treasury Department and judicial decisions.

This discussion does not address state or local tax consequences associated with a Contract. Further, this discussion also does not address the potential tax and withholding rules that might apply to a Contract held by, or distributions paid to, any foreign person, including any foreign financial institution, other entity or individual. Please consult with your tax professional if there is a possibility that a Contract might be held by, or payable to, a foreign person. **In addition, we make no guarantee regarding any tax treatment – federal, state, or local – of any Contract or of any transaction involving a Contract.** 

**Our Tax Status** 

We are taxed as a life insurance company. Under current tax law, we include the investment income (exclusive of capital gains) of a Separate Account in our taxable income and take deductions for investment income credited to our "policyholder reserves." We are also required to capitalize and amortize certain costs instead of deducting those costs when they are incurred. We do not currently charge a Separate Account for any resulting income tax costs. We also claim certain tax credits or deductions relating to foreign taxes paid and dividends received by the Portfolios. These benefits can be material. We do not pass these benefits through to a Separate Account, principally because: (i) the deductions and credits are allowed to the Company and not the Contract Owners under applicable tax law; and (ii) the deductions and credits do not represent investment return on Separate Account assets that is passed through to Contract Owners.

The Contracts permit us to deduct a charge for any taxes we incur that are attributable to the operation or existence of the Contracts or a Separate Account. Currently, we do not anticipate making a charge for such taxes. If the level of the current taxes increases, however, or is expected to increase in the future, we reserve the right to make a charge in the future. (Please note that this discussion applies to federal income tax but not to any state and local taxes.)

**What are the tax consequences of owning a Contract?** 

In most cases, no income tax will have to be paid on amounts you earn under a Contract until these earnings are paid out. All or part of the following distributions from a Contract may constitute a taxable amount of earnings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• withdrawals (including any surrenders and systematic withdrawals);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• payment of any death benefit proceeds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• periodic payments under one of our annuity payment options;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• certain ownership changes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any loan, assignment or pledge of the Contract as collateral.

How much you will be taxed on distribution is based upon complex tax rules and depends on matters such as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the type of the distribution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• when the distribution is made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the nature of any Qualified Plan for which the Contract is being used; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the circumstances under which the payments are made.

If your Contract was issued in connection with a Qualified Plan, all of part of your Purchase Payments may be tax-deductible or excludible from income.

A 10% penalty tax applies in many cases to the taxable portion of any distributions from a Contract before you reach age 59½. Also, most Qualified Plans require that minimum distributions from a Contract commence and/or be completed within a

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certain period of time. This effectively limits the period of time during which you can continue to derive tax deferral benefits from any tax-deductible or tax-deferred Purchase Payments you made or on any earnings under the Contract.

**A Contract purchased as an investment vehicle for a Qualified Plan, including an IRA, does not provide any additional tax-deferral benefits beyond the treatment provided by the Qualified Plan. The favorable tax benefits available for Qualified Plans that invest in annuity contracts are also generally available if the Qualified Plan purchases other types of investments, such as mutual funds, equities and debt investments. However, the Contract offers features and benefits that other investments may not offer, including the Investment Options and protection through living guarantees, death benefits and other benefits. Please note that federal tax law changes limit certain annuitization and beneficiary payout options for contracts held as part of a Qualified Plan, including an IRA. Purchasers of Contracts for use with any retirement plan should consult with a qualified tax professional.** 

We make no attempt to provide more than general information about use of the Contract with the various types of retirement plans.

**Special Considerations for Optional Benefits** 

At present, the IRS has not provided guidance as to the tax treatment of charges for optional benefits to an annuity contract. The IRS might take the position that each charge associated with these optional benefits is deemed a withdrawal from the contract subject to current income tax to the extent of any gains and, if applicable, a 10% penalty tax for premature withdrawals. We do not currently report charges for optional benefits as withdrawals, but we may do so in the future if we believe that the IRS would require us to report them as such.

If the Contract you purchased is not intended for use with a tax-qualified retirement plan or as an IRA (a "Nonqualified Contract"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any withdrawal you take generally is taxable as ordinary income to the extent of any gain in the Contract at the time of the withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Under current IRS guidance, we expect to determine gain on a withdrawal, including withdrawals during the "Settlement Phase" using the Contract Value. It is possible, however, that the IRS may take the position that the value of amounts guaranteed to be available in the future should also be taken into account in computing the taxable portion of a withdrawal. In that event, you may be subject to a higher amount of tax on a withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any annuity payments that you receive under an Annuity Option will be taxed in the manner described in "Taxation of Annuity Payments" below.

If the Contract you purchased is intended for use with a tax-qualified retirement plan or as an IRA (a "Qualified Contract"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Please see "Roth IRAs – Conversions and Rollovers to Roth IRAs" below for additional information on the tax impact of optional benefit Riders on a conversion to a Roth IRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amount of any required minimum distributions may be increased under federal tax rules if your Contract has an optional death benefit or other optional benefit Rider. See "General Information Regarding Qualified Contracts" below.

*You should consult with your own qualified tax professional for information on any optional benefit Rider*.

**General Information Regarding Nonqualified Contracts** 

(Contracts Not Purchased to Fund an IRA or Other Qualified Plan)

*Tax Deferral During Accumulation Period* 

Except where the Owner is not an individual, we expect our Contracts to be considered annuity contracts under section 72 of the Code. This means that, ordinarily, federal income tax on any gains in your Contract will be deferred until we actually make a distribution to you or you assign or pledge an interest in your Contract.

However, a Contract held by an Owner other than a natural person (for example, a corporation, partnership, limited liability company, trust, or other such entity) does not generally qualify as an annuity contract for tax purposes. Any increase in value therefore would constitute ordinary taxable income to such an Owner in the year earned. Notwithstanding this general rule, a Contract will ordinarily be treated as held by a natural person if the nominal Owner is a trust or other entity which holds the

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Contract as an agent for a natural person. This exception does not apply in the case of any employer which is the nominal owner of an annuity contract under a nonqualified deferred compensation arrangement for its employees.

In addition to the foregoing, if the Contract's Maturity Date occurs, or is scheduled to occur, at a time when the Annuitant is at an advanced age, such as over age 95, it is possible that the Owner will be taxed currently on the annual increase in the Contract Value.

The remainder of this discussion assumes that the Contract will constitute an annuity for federal tax purposes.

*Aggregation of Contracts* 

In certain circumstances, the IRS may determine the portion of a withdrawal from a contract that is includible in income by combining some or all of the annuity contracts owned by an individual which are not issued in connection with a Qualified Plan.

For example, if you purchase two or more deferred annuity contracts from the same insurance company (or its affiliates) during any calendar year, all such contracts will be treated as one contract for purposes of determining whether any payment not received as an annuity (including withdrawals prior to the Maturity Date) is includible in income. Thus, if during a calendar year you bought two or more of the Contracts offered by this Prospectus (which might be done, for example, in order to purchase different guarantees and/or benefits under different contracts), all of such Contracts would be treated as one Contract in determining whether withdrawals from any of such Contracts are includible in income. The IRS may also require aggregation in other circumstances. Please consult with your own qualified tax professional if you own or intend to purchase more than one annuity contract.

The effects of such aggregation are not always clear and depend on the circumstances. However, aggregation could affect the amount of a withdrawal that is taxable and the amount that might be subject to the 10% penalty tax described below.

*Exchanges of Annuity Contracts* 

We may have issued the Contract in exchange for all or part of another annuity contract that you owned. Such an exchange would be tax free if certain requirements were satisfied. If you satisfied these requirements, your investment in the Contract immediately after the exchange is generally the same as that of the annuity contract you exchanged, increased by any Additional Purchase Payment you made as part of the exchange. Your investment in the Contract may be more, less or the same as the Contract Value immediately after the exchange. If your Contract Value exceeds your investment in the Contract, that excess represents gain in the Contract. You have to include that gain in your gross income if you subsequently take a withdrawal or distribution from the Contract (e.g., as a partial surrender, full surrender, annuity payment, or death benefit), or are deemed to receive a distribution (e.g., through a collateral assignment) from the Contract.

In Revenue Procedure 2011-38, the IRS amended the tax rules applicable to the partial exchange of an annuity contract for another annuity contract. If you exchange part of an existing Contract, and within 180 days of the exchange you receive a payment (e.g., you make a withdrawal) from <u>either</u> contract, all or a portion of the amount received could be includible in your income and also subject to a 10% penalty tax. The IRS has announced that it will apply general tax principles to determine the consequences of receiving such a payment. For example, the IRS could treat the payment as taxable only to the extent of the gain in the particular contract from which the payment was received. Alternatively, the IRS could determine that the payment was an integrated part of the exchange. In that case, the payment would be taxable to the extent of all the gain accumulated in the original Contract at the time of the partial exchange, regardless of whether the payment came from the existing Contract or from the contract received in the exchange. Application of general tax principles is dependent on the facts and circumstances of each case. However, amounts received as an annuity during the 180-day period are not subject to the new rules, provided that the annuity payments will be made for a period of at least 10 years or for a life or joint lives.

EXAMPLE: An annuity Contract had $100,000 of Contract Value, of which $56,000 was gain and $44,000 was the Owner's investment in the Contract, or "cost basis." After October 23, 2011, the Owner did a partial exchange of 25% of the Contract Value for a new annuity contract. Of the $25,000 transferred to the new contract, $14,000 represents gain and $11,000 represents cost basis transferred from the original Contract. Two months after the partial exchange, the Owner takes a withdrawal from the new contract in the amount of $17,000. If the IRS treats the withdrawal as a distribution from the new contract, only $14,000 will be taxable as a distribution of income ($25,000 of contract value – $11,000 of cost basis in the new contract). If instead the IRS determines that the withdrawal is part of the exchange, the entire $17,000 is taxable as income because there was $56,000 of gain in the original Contract at the time of the exchange.

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Please consult with your own qualified tax professional in connection with an exchange of all or part of a Contract for another annuity contract, especially if you make a withdrawal from either contract after the exchange. The date a partial exchange occurs will be a factor in determining the tax treatment of subsequent withdrawals and other distributions from either contract.

*Loss of Interest Deduction Where Contracts are Held by or for the Benefit of Certain Non-Natural Persons* 

In the case of Contracts issued after June 8, 1997 to a non-natural taxpayer (such as a corporation or a trust), or held for the benefit of such an entity, a portion of otherwise deductible interest may not be deductible by the entity, regardless of whether the interest relates to debt used to purchase or carry the Contract. However, this interest deduction disallowance does not affect Contracts where the income on such Contracts is treated as ordinary income that is received or accrued by the Owner during the taxable year. Entities that have purchased the Contract, or entities that will be Beneficiaries under the Contract, should consult a qualified tax professional.

*Taxation of Annuity Payments* 

When we make payments under a Nonqualified Contract in the form of an annuity, normally a portion of each annuity payment is taxable as ordinary income. The taxable portion of an annuity payment is equal to the excess of the payment over the *exclusion amount*.

In the case of Variable Annuity payments, the exclusion amount is the investment in the Contract when payments begin to be made divided by the number of payments expected to be made (taking into account the Annuitant's life expectancy and the form of annuity benefit selected). In the case of Fixed Annuity payments, the exclusion amount is based on the investment in the Contract and the total expected value of Fixed Annuity payments for the term of the Contract (determined under Treasury Department regulations). In general, your investment in the Contract equals the aggregate amount of premium payments you have made over the life of the Contract, reduced by any amounts previously distributed from the Contract that were not subject to income-tax. A simplified method of determining the taxable portion of annuity payments applies to Contracts issued in connection with certain Qualified Plans other than IRAs.

Once you have recovered your total investment in the Contract tax-free, further annuity payments will be fully taxable. If annuity payments cease because the Annuitant dies before all of the investment in the Contract is recovered, the unrecovered amount generally will be allowed as a deduction on the Annuitant's last tax return or, if there is a Beneficiary entitled to receive further payments, will be distributed to the Beneficiary as described more fully below under "Taxation of Death Benefit Proceeds."

Section 72(a)(2) of the Code permits partial annuitization of an annuity contract and specifies that the cost basis, or investment in the contract, be allocated pro rata between the portion of the contract being annuitized and the portion of the contract remaining deferred. We do not permit you to apply any amount less than your entire Contract Value to the Annuity Options available under your Contract. Accordingly, any portion of your Contract that you withdraw to be annuitized will be reported to the IRS as a taxable distribution unless you transfer it into another contract in a partial exchange conforming to the rules of section 1035 of the Code and Rev. Proc. 2011-38. Any such withdrawal, whether carried out as a tax-deferred partial exchange or as a taxable withdrawal, will be subject to withdrawal charges.

*Surrenders, Withdrawals, Transfers and Death Benefits* 

When we make a single sum payment consisting of the entire value of your Contract, you have ordinary taxable income to the extent the payment exceeds your investment in the Contract (discussed above). Such a single sum payment can occur, for example, if you surrender your Contract before the Maturity Date or if you or your Beneficiary do not select an extended payment option for a death benefit payment.

When you take a withdrawal from a Contract before the Maturity Date (or Annuity Commencement Date, if earlier), including a payment under a systematic withdrawal plan or guaranteed minimum withdrawal benefit, all or part of the payment may constitute taxable ordinary income to you. If, on the date of withdrawal, the total value of your Contract exceeds the investment in the Contract, the excess will be considered gain and the withdrawal will be taxable as ordinary income up to the amount of such gain. If a withdrawal exceeds the gain in your Contract, the excess amount is a tax-free return of your investment in the Contract. If you have recovered your entire investment in the Contract, any additional withdrawals based upon a Rider guarantee will be subject to income tax. If you assign or pledge any part of your Contract Value, the value so pledged or assigned is taxed the same as an actual withdrawal.

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For purposes of determining the amount of taxable income resulting from a single sum payment or a withdrawal, all nonqualified annuity contracts issued by us or our affiliates to the Owner within the same calendar year will be treated as if they were a single contract. Taxable withdrawals may also be subject to a penalty tax for premature withdrawals as explained below.

When an individual Owner transfers ownership of a Contract issued after April 22, 1987 without receiving full and adequate consideration, the transfer is taxed like a surrender. The transferor must include in gross income the amount by which the cash surrender value exceeds any investment in the Contract. The amount included in income may also be subject to a penalty tax for premature withdrawals as explained below. The new Owner's investment in the Contract is increased by the amount included in the transferor's gross income as a result of the transfer. These tax issues may apply, for example, in situations where the Owner and Annuitant are not the same person, are not married to each other and ownership of the Contract transfers to the Annuitant upon annuitization. A qualified tax professional should be consulted in those situations. However, these tax rules do not apply to a transfer between Spouses or a transfer to a former Spouse incident to a divorce under Code section 1041.

*Taxation of Death Benefit Proceeds* 

All or part of *any* death benefit proceeds may constitute a taxable payout of earnings. A death benefit payment generally results in taxable ordinary income to the extent of gain in the Contract.

Amounts may be distributed from a Contract because of the death of an Owner or the Annuitant. During the Accumulation Period, death benefit proceeds are includible in income as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if distributed in a single sum payment under our current administrative procedures, they are taxed in the same manner as a full withdrawal, as described above; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if distributed under an Annuity Option, they are taxed in the same manner as annuity payments, as described above; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if distributed as a series of withdrawals over the Beneficiary's life expectancy, they are taxable to the extent there is gain in the Contract.

After a Contract matures and annuity payments begin, if the Contract guarantees payments for a stated period and the Annuitant dies before the end of that period, payments made to the Beneficiary for the remainder of that period are includible in the Beneficiary's income as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if received in a single sum, they are includible in income to the extent that they exceed the unrecovered investment in the Contract at that time; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if distributed in accordance with an existing Annuity Option other than a Period Certain Only Annuity Option, they are fully excludible from income until the remaining investment in the Contract has been recovered, and all annuity benefit payments thereafter are fully includible in income; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if distributed in accordance with an existing Period Certain Only Annuity Option, the payments are taxed the same as the annuity payments made before death. A portion of each annuity payment is includible in income and the remainder is excluded from income as a return of the investment in the Contract.

*Penalty Tax on Premature Distributions* 

There is a 10% penalty tax on the taxable portion of any payment from a Nonqualified Contract. Exceptions to this penalty tax include distributions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• received on or after the date on which the Contract Owner reaches age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• attributable to the Contract Owner becoming disabled (as defined in the tax law);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to a Beneficiary on or after the death of the Contract Owner or, if the Contract Owner is not an individual, on or after the death of the primary Annuitant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made as a series of substantially equal periodic payments (not less frequently than annually) for the life (or life expectancy) of the Contract Owner or for the joint lives (or joint life expectancies) of the Contract Owner and a designated Beneficiary;\* or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made with respect to certain annuities issued in connection with structured settlement agreements.

*\**

*You may be subject to a retroactive application of the penalty tax, plus interest, if you begin taking a series of substantially equal periodic payments (Life Expectancy Distribution) and then modify the payment pattern (other than by reason of death or disability)* 

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*before the* ***later*** of your turning age 59½ and the passage of five years after the date of the first payment. *Special rules apply when there is a partial 1035 exchange of a contract under which substantially equal periodic payments are being made. The exchange will not be treated as a modification, provided that the aggregate distributions from the two contracts continue to meet the requirements for substantially equal periodic payments as though the exchange had not taken place.* 

*Diversification Requirements* 

Your Contract will not qualify for the tax benefits of an annuity contract unless the Separate Account follows certain rules requiring diversification of investments underlying the Contract. In addition, the rules require that the Contract Owner not have "investment control" over the underlying assets.

In certain circumstances, the Owner of a variable annuity contract may be considered the Owner, for federal income tax purposes, of the assets of the separate account used to support the contract. In those circumstances, income and gains from the separate account assets would be includible in the Contract Owner's gross income. The IRS has stated in published rulings that a variable Contract Owner will be considered the owner of separate account assets if the Contract Owner possesses incidents of ownership in those assets, such as the ability to exercise investment control over the assets. A Treasury Decision issued in 1986 stated that guidance would be issued in the form of regulations or rulings on the "extent to which Policyholders may direct their investments to particular subaccounts of a separate account without being treated as owners of the underlying assets." As of the date of this Prospectus, no comprehensive guidance on this point has been issued. In Rev. Rul. 2003-91, however, the IRS ruled that a contract holder would not be treated as the owner of assets underlying a variable annuity contract despite the owner's ability to allocate funds among as many as twenty subaccounts.

The ownership rights under your Contract are similar to, but different in certain respects from, those described in IRS rulings in which the IRS determined that Contract Owners were not owners of separate account assets. Since you have greater flexibility in allocating premiums and Contract Value than was the case in those rulings, it is *possible* that you would be treated as the owner of your Contract's proportionate share of the assets of the Separate Account.

We do not know what future Treasury Department regulations or other guidance may require. We cannot guarantee that an underlying Portfolio will be able to operate as currently described in its prospectus, or that a Portfolio will not have to change any of its investment objectives and policies. We have reserved the right to modify your Contract if we believe doing so will prevent you from being considered the owner of your Contract's proportionate share of the assets of the Separate Account, but we are under no obligation to do so.

*Medicare Tax on Unearned Income* 

A Medicare tax applies to certain unearned income at a maximum rate of 3.8%. Also referred to as the Net Investment Income tax, the tax is imposed on an amount equal to the lesser of (a) "net investment income" or (b) the excess of the taxpayer's modified adjusted gross income over a specified income threshold ($250,000 for married couples filing jointly, $125,000 for married couples filing separately, and $200,000 for everyone else). "Net investment income," for these purposes, includes the excess (if any) of gross income from annuities, interest, dividends, royalties and rents, and certain net gain, over allowable deductions, as such terms are defined in the Code or as may be defined in future Treasury Regulations or IRS guidance. The term "net investment income" does not include any distribution from a plan or arrangement described in Code sections 401(a), 403(a), 403(b), 408 (i.e., IRAs), 408A (i.e., Roth IRAs) or 457(b).

*Please consult your own qualified tax professional for further information about the impact of the additional Medicare Tax on your individual circumstances*.

*Puerto Rico Nonqualified Contracts* 

Distributions from Puerto Rico annuity contracts issued by us are subject to federal income taxation, withholding and reporting requirements as well as Puerto Rico tax laws. Both jurisdictions impose a tax on distributions. Under federal requirements, distributions are deemed to be income first. Under the Puerto Rico tax laws, however, distributions from a Contract not purchased to fund a Qualified Plan ("Nonqualified Contract") are generally treated as a nontaxable return of principal until the principal is fully recovered. Thereafter, all distributions under a Nonqualified Contact are fully taxable. Puerto Rico does not currently impose an early withdrawal penalty tax on premature distributions from a Nonqualified Contract. The Code, however, does impose such a penalty and bases it on the amount that is taxable under federal rules.

Annuitized distributions under a Nonqualified Contract are treated as part taxable income and part non-taxable return of principal. With annuitization, the annual amount excluded from gross income under Puerto Rico tax law is equal to the amount of the distribution in excess of 3% of the total Purchase Payments paid, until an amount equal to the total Purchase

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Payments paid has been excluded. Thereafter, the entire distribution from a Nonqualified Contract is included in gross income. For federal income tax purposes, however, the portion of each annuity payment that is subject to tax is computed on the basis of investment in the Contract and the expected payout. Generally Puerto Rico does not require income tax to be withheld from distributions of income from Nonqualified Contracts. Although Puerto Rico allows a credit against its income tax for taxes paid to the federal government, you may not be able to use the credit fully.

**General Information Regarding Qualified Contracts** 

(Contracts Purchased to Fund an IRA or Other Qualified Plan)

Numerous special tax rules apply to the participants in certain types of retirement plans that receive favorable treatment under the Code ("Qualified Plans"), and to the Contracts used in connection with these plans. We provide a brief description of types of Qualified Plans in this Prospectus, but make no attempt to provide more than general information in this Prospectus about use of Contracts with the various types of Qualified Plans.

When we issued a Contract in connection with a Qualified Plan ("Qualified Contract"), we may have amended the Contract as necessary to conform to the requirements of the Code. We have no responsibility, however, for determining whether a particular retirement plan or a particular contribution to the plan satisfies the applicable requirements of the Code, or whether a particular employee is eligible for inclusion under a plan. Your rights to any benefits under the plan may be subject to the terms and conditions of the plan itself, regardless of the terms and conditions of the Contracts.

*A number of changes in the Code affect or will in the future affect Qualified Contracts, and the IRS has not yet released guidance on many of those changes. The discussion below is not intended to address all the tax rules applicable to Qualified Contracts. Please consult your own qualified tax professional for specific information about the impact of tax rules and plan requirements on your particular facts and circumstances*.

*Additional Purchase Payments to Qualified Contracts* 

You may make Additional Purchase Payments to a Qualified Contract, subject to our requirements and limitations for Additional Purchase Payments (see "VII. Description of the Contract – Purchase Payments" for information on our Additional Purchase Payment requirements and limitations):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a transfer from a traditional IRA to a Contract issued as a traditional IRA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a direct or indirect rollover\* from a retirement plan qualified under sections 401(a), 403(a) or 403(b) of the Code or a governmental deferred compensation plan described in section 457 of the Code to a Contract issued either as a traditional IRA or as a Roth IRA; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by making annual contributions to the extent permitted under the Code.

*\**

*We use the term "direct rollovers" to refer to amounts that a Qualified Plan remits directly to us as an Additional Purchase Payment. We use the term "indirect rollovers" to refer to amounts that you may receive from a Qualified Plan, and then remit to us as an Additional Purchase Payment. The Code permits an indirect rollover to be tax-deferred if it is contributed to an IRA within 60 days of receipt. Note that an individual can make only one indirect rollover from his IRA(s) during any 12-month period. The tax law does not limit the number of indirect rollovers from other Qualified Plans to an IRA.* 

*Distribution Requirements* 

The Code imposes requirements on Qualified Plans to comply with minimum distribution requirements. We provide general information, below, on minimum distribution requirements for traditional IRAs, Roth IRAs and certain other Qualified Plans.

**Traditional IRAs** 

Section 408 of the Internal Revenue Code ("Code") permits eligible individuals to contribute to an individual retirement program known as an Individual Retirement Annuity ("IRA") or traditional IRA (to distinguish it from the Roth IRA discussed below). Contracts issued as traditional IRAs are subject to limits on the amounts that may be contributed, the persons who may be eligible and the time when distributions may commence. Under the tax rules, the Owner and the Annuitant may *not* be different individuals. If a co-Annuitant is named, all distributions made while the Annuitant is alive must be made to the Annuitant. The Contract does not qualify for use in connection with an Education IRA under section 530 of the Code.

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The Contract may be issued with a death benefit or certain benefits provided by an optional Rider. The presence of such benefits may increase the amount of any required minimum distributions for IRAs and other Contracts subject to the Required Minimum Distribution ("RMD") rules.

Under our administrative rules beginning February 2009, we do not permit a Beneficiary of a Contract intended for use as a traditional IRA to purchase a new optional benefit Rider if the Beneficiary elected to maintain it as an inherited IRA or an inherited Roth IRA.

*Contributions to a Traditional IRA* 

Eligible rollover distributions from certain types of qualified retirement plans may be rolled over on a tax-deferred basis into a traditional IRA by former participants in the plans. For these purposes, eligible rollover distributions include lump sum amounts payable from the plan upon termination of employment, termination of the plan, disability or retirement. Eligible rollover distributions do not include (i) required minimum distributions as described in section 401(a)(9) of the Code, (ii) certain distributions for life, life expectancy, or for 10 years or more which are part of a "series of substantially equal periodic payments," and (iii) if applicable, certain hardship withdrawals.

If you are the surviving Spouse and "designated beneficiary" (as defined in the tax law) of a participant in a tax-qualified retirement account, you may make a direct rollover contribution as an Additional Purchase Payment to a Contract issued as a traditional IRA to the extent permitted. See "VII. Description of the Contract – Purchase Payments" for information on our Purchase Payment requirements.

*Distributions from a Traditional IRA* 

In general, unless you rolled over non-deductible contributions from any other Qualified Plan or made non-deductible contributions to your Contract, all amounts paid out from a traditional IRA Contract (in the form of an annuity, a single sum, death benefits or partial withdrawal), are taxable as ordinary income to you or to your beneficiary for payments made after your death. You may incur an additional 10% penalty tax if you surrender the Contract or make a withdrawal before you reach age 59½, unless certain exceptions apply as specified in section 72(t) of the Code. If any part of your direct rollover from a tax-qualified retirement plan includes after-tax contributions to the plan, or if you have made any non-deductible contributions to a Contract issued as a traditional IRA, part of any withdrawal or surrender distribution, single sum, death proceeds or annuity payment from the Contract may be excluded from taxable income when received.

You may make tax-deferred direct transfers from a Contract held as a Traditional IRA to another Traditional IRA. If instead you take a withdrawal with the intent to roll the proceeds to another IRA as an indirect rollover, you should be aware of certain limitations under the tax law. You must complete any indirect rollover within 60 days of receiving the withdrawal. Moreover, during any 12- month period, you can make only one indirect rollover, with respect to all IRAs you own including Roth IRAs. Any additional indirect rollover attempted during the 12-month period will be treated as a distribution, subject to income tax and potentially the 10% penalty tax.

A Beneficiary who is not your Spouse may make a direct transfer to an inherited IRA of the amount otherwise distributable to him or her under a Contract issued as a traditional IRA.

*Required Minimum Distributions from a Traditional IRA* 

Treasury Department regulations prescribe required minimum distribution ("RMD") rules governing the time at which distributions from a traditional IRA to the Owner and Beneficiary must commence and the form in which the distributions must be paid. These special rules may also require the length of any guarantee period to be limited. They also affect the restrictions that the Owner may impose on the timing and manner of payment of death benefits to a Beneficiary or the period of time over which a Beneficiary may extend payment of the death benefits under the Contract. In addition, the presence of the death benefit or a lifetime income benefit feature may affect the amount of the RMD that must be made under the Contract. Failure to comply with RMD requirements for tax years beginning after 2022 will result in the imposition of an excise tax, generally 25% of the amount by which the amount required to be distributed exceeds the actual distribution. The excise tax for tax years beginning after 2022 may be a lower 10% provided that a corrective distribution meets certain criteria.

In the case of IRAs (other than Roth IRAs), distributions of minimum amounts (as specified in the tax law) to the Owner must generally commence by April 1 of the calendar year following the calendar year in which the Owner turns age 70½, for those Contract Owners born before July 1, 1949. For Contract Owners born after June 30, 1949 and before January 1, 1951, distributions of minimum amounts must commence by April 1 of the calendar year following the calendar year in which the

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Owner turns age 72. For Contract Owners born after December 31, 1950 and before January 1, 1960, distributions of minimum amounts must begin by April 1 of the calendar year following the calendar year in which the Owner turns age 73. For Contract Owners born after 1959, the age at which minimum distributions must begin is scheduled to increase to age 75. The amount that must be distributed each year is computed on the basis of the Owner's age, the value of the Contract (taking into account both the account balance and the actuarial present value of other benefits provided under the Contract), and the value of all other traditional IRAs owned by the taxpayer.

Distributions made from traditional IRAs (and Roth IRAs) after the Owner's death must also comply with RMD requirements. Different rules governing the timing and the manner of payments apply, depending on whether the designated beneficiary is an individual and, if so, the Owner's Spouse, or an individual other than the Owner's Spouse. If you wish to impose restrictions on the timing and manner of payment of death benefits to your designated beneficiary or if your Beneficiary wishes to extend over a period of time the payment of the death benefits under your Contract, please consult your own qualified tax professional.

If you make a direct transfer of all the value from a traditional IRA to any other traditional IRA, the minimum distribution requirements (and taxes on the distributions) apply to amounts withdrawn from the other traditional IRA.

*Penalty Tax on Premature Distributions from a Traditional IRA* 

A 10% penalty tax may be imposed on the taxable amount of any payment from a traditional IRA. The penalty tax does not apply to a payment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• received on or after the date on which the Contract Owner reaches age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• received on or after the Contract Owner's death or because of the Contract Owner's disability (as defined in the tax law); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made as a series of substantially equal periodic payments (not less frequently than annually) for the life (or life expectancy) of the Contract Owner or for the joint lives (or joint life expectancies) of the Contract Owner and designated beneficiary.\*

*\**

*You may be subject to a retroactive application of the penalty tax, plus interest, if you begin taking a series of substantially equal periodic payments and then modify the payment pattern (other than by reason of death or disability) before the later of your turning age 59½ and the passage of five years after the date of the first payment.* 

In addition, the penalty tax does not apply to certain distributions from IRAs that are used for first time home purchases or for higher education expenses, or to distributions made to certain eligible individuals called to active duty after September 11, 2001. Special conditions must be met to qualify for these three exceptions to the penalty tax. If you wish to take a distribution from a traditional IRA for these purposes, please consult with your own qualified tax professional.

Exceptions from the penalty tax also apply to certain distributions taken for qualified birth or adoption expenses and certain qualified disaster distributions. The Code also provides for the opportunity to repay such distributions to an eligible retirement plan, including an IRA. The SECURE 2.0 Act of 2022 created additional exceptions from the penalty tax. Please consult with your own qualified tax professional to determine whether you qualify for any of these exceptions and what tax treatment will apply to the distribution and any repayment, where the Code allows repayment of a distribution.

If you roll over a Contract issued as a traditional IRA to a Roth IRA by surrendering the Contract and purchasing a Roth IRA, you may be subject to federal income taxes, including withholding taxes. Please read "Conversion or Rollover to a Roth IRA," below, for more information.

**Roth IRAs** 

Section 408A of the Code permits eligible individuals to contribute to a type of IRA known as a Roth IRA. Roth IRAs are generally subject to the same rules as traditional IRAs, but they differ in certain significant ways with respect to the taxation of contributions and distributions.

*Contributions to a Roth IRA* 

Unlike a traditional IRA, contributions to a Roth IRA are not deductible. As with a traditional IRA, eligible rollover distributions from certain types of qualified retirement plans may be directly rolled over into a Roth IRA by former participants in the plan. For these purposes, eligible rollover distributions include lump sum amounts payable from the plan upon termination of employment, termination of the plan, disability or retirement. Eligible rollover distributions do not

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include: (i) required minimum distributions as described in section 401(a)(9) of the Code; (ii) certain distributions for life, life expectancy, or for 10 years or more which are part of a "series of substantially equal periodic payments;" and (iii) if applicable, certain hardship withdrawals.

**Federal income tax will apply to direct rollovers from "non-Roth" accounts in retirement plans described in sections 401(a), 403(a), 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code to Contracts issued as Roth IRAs.** Please read "Rollover to a Roth IRA," below, for more information. Under current rules, direct rollovers from "Roth" accounts in a 401(k) retirement plan to Contracts issued as Roth IRAs generally are not subject to federal income tax.

*Distributions from a Roth IRA* 

Unlike a traditional IRA, distributions from Roth IRAs need not commence after the Owner turns age 70½, 72 or 73. Distributions must, however, begin after the Owner's death. Distributions after the Owner's death must comply with the minimum distribution requirements described above for traditional IRAs. Different rules governing the timing and the manner of payments apply, depending on whether the designated beneficiary is an individual and, if so, the Owner's Spouse, or an individual other than the Owner's Spouse.

If you wish to impose restrictions on the timing and the manner of payment of death proceeds to your designated beneficiary or if your Beneficiary wishes to extend payment of the Contract death proceeds over a period of time, please consult your own qualified tax professional. Under our administrative rules beginning February 2009, we do not permit a Beneficiary of a Contract intended for use as a Roth IRA to purchase a new optional benefit Rider if the Beneficiary elected to maintain it as a Roth IRA.

Qualified distributions from a Roth IRA are excluded from income. A qualified distribution for these purposes is a distribution that satisfies two requirements. First, the distribution must be made in a taxable year that is at least five years after the first taxable year for which a contribution to any Roth IRA established for the Contract Owner was made. Second, the distribution must be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made after the Owner turns age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made after the Owner's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• attributable to the Owner being disabled; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a qualified first-time homebuyer distribution within the meaning of section 72(t)(2)(F) of the Code.

A direct transfer from a Contract issued as a Roth IRA to another Roth IRA is not subject to income tax. However, during any 12- month period, you can make only one indirect rollover with respect to all IRAs you own, including Roth IRAs.

*Penalty Tax on Premature Distributions from a Roth IRA* 

**Taxable distributions before age 59½ may also be subject to a 10% penalty tax.** This early distribution penalty may also apply to amounts converted to a Roth IRA that are subsequently distributed within a 5-taxable year period beginning in the year of conversion. Please read "Penalty Tax on Premature Distributions from a Traditional IRA," above, for more information.

The state tax treatment of a Roth IRA may differ from the federal income tax treatment of a Roth IRA. **You should seek independent tax advice if you intend to use the Contract in connection with a Roth IRA.** 

*Conversion or Rollover to a Roth IRA* 

You can convert a traditional IRA to a Roth IRA. You also can initiate a direct rollover distribution from a retirement plan described in sections 401(a), 403(a), or 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code to a Roth IRA Contract. The Roth IRA annual contribution limit does not apply to conversion or rollover amounts, but you must satisfy our requirements for Additional Purchase Payments. See "VII. Description of the Contract – Purchase Payments" for additional information.

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You must pay tax on any portion of a conversion or rollover amount that would have been taxed if you had not converted or <br> rolled over to a Roth IRA. If you convert a Contract issued as a traditional IRA to a Roth IRA, the amount deemed to be the <br> conversion amount for tax purposes may be higher than the Contract Value because of the deemed value of guarantees. If <br> you convert a Contract issued as a traditional IRA to a Roth IRA, you may instruct us not to withhold any of the conversion <br> amount for taxes and remittance to the IRS. If you do instruct us to withhold for taxes when converting a Contract issued as <br> a traditional IRA to a Roth IRA, we will treat any amount we withhold as a withdrawal from your Contract, which could <br> result in an Excess Withdrawal and a reduction in the benefit value of any elected optional guarantee Rider, in a proportion <br> determined by the Rider. Please read Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more <br> information about the impact of withdrawals.<br>

If you direct the sponsor or administrator to transfer a rollover amount from your "non-Roth" Qualified Plan to a Roth IRA Contract, there is no mandatory tax withholding that applies to the rollover amount. A direct rollover to a Roth IRA is not subject to mandatory tax withholding, even though the distribution is includible in gross income.

Current tax law no longer imposes a restriction based on adjusted gross income on a taxpayer's ability to convert a traditional IRA or other qualified retirement accounts to a Roth IRA. Accordingly, taxpayers with more than $100,000 of adjusted gross income may now convert such assets to a Roth IRA. Generally, the amount converted to a Roth IRA is included in ordinary income for the year in which the account was converted. Given the taxation of Roth IRA conversions and the potential for an early distribution penalty tax, you should consider the resources that you have available, other than your retirement plan assets, for paying any taxes that would become due the year of any such conversion or a subsequent year. You should seek independent qualified tax advice if you intend to use the Contract in connection with a Roth IRA.

You are not subject to federal income tax on a direct rollover of distributions from a Roth account in another Qualified Plan permitted to be rolled over into a Contract issued as a Roth IRA, or from a Contract issued as a Roth IRA to another Roth IRA.

**Other Qualified Plans** 

You may have purchased a Qualified Contract for use in connection with certain retirement plans that receive favorable treatment under the Code, but are not traditional IRAs or Roth IRAs. The other types of retirement plans ("Other Qualified Plans") include:

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| | |
|:---|:---|
| **Other Qualified Plan Type** |  |
| **SIMPLE IRA Plans** | &nbsp;&nbsp; In general, under Section 408(p) of the Code a small business employer may <br> establish a SIMPLE IRA plan if the employer employed no more than 100 <br> employees. In general, an employee must be covered by the SIMPLE IRA, if the <br> employee is expected to earn at least $5,000 during the current calendar year and had <br> $5,000 of earnings during any two years preceding the current calendar year. Under a <br> SIMPLE IRA plan both employees and the employer make deductible contributions. <br> SIMPLE IRAs are subject to various requirements, including limits on the amounts <br> that may be contributed, the persons who may be eligible, and the time when <br> distributions may commence. The requirements for minimum distributions from a <br> SIMPLE IRA plan are generally the same as those discussed above for distributions <br> from a traditional IRA. The rules on taxation of distributions are also similar to those <br> that apply to a traditional IRA with a few exceptions.<br>|
| **Simplified Employee Pensions** <br> **(SEP-IRAs)**<br>| &nbsp;&nbsp; Section 408(k) of the Code allows employers to establish simplified employee <br> pension plans for their employees, using the employees' IRAs for such purposes, if <br> certain criteria are met. Under these plans the employer may, within specified limits, <br> make deductible contributions on behalf of the employees to IRAs. The requirements <br> for minimum distributions from a SEP-IRA, and rules on taxation of distributions <br> from a SEP-IRA, are generally the same as those discussed above for distributions <br> from a traditional IRA.<br>|

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| | |
|:---|:---|
| **Other Qualified Plan Type** |  |
| **Section 403(b) Plans or Tax-**<br> **Sheltered Annuities**<br>| &nbsp;&nbsp; Section 403(b) of the Code permits public school employees and employees of <br> certain types of tax-exempt organizations to have their employers purchase annuity <br> contracts for them and, subject to certain limitations, to exclude the Purchase <br> Payments from gross income for tax purposes. There also are limits on the amount of <br> incidental benefits that may be provided under a tax-sheltered annuity. These <br> Contracts are commonly referred to as "tax-sheltered annuities."<br>|
| **Corporate and Self-Employed** <br> **Pension and Profit-Sharing Plans** <br> **(H.R. 10 and Keogh)**<br>| &nbsp;&nbsp; Sections 401(a) and 403(a) of the Code permit corporate employers to establish <br> various types of tax-deferred retirement plans for employees. The Self-Employed <br> Individuals' Tax Retirement Act of 1962, as amended, commonly referred to as "H.R. <br> 10" or "Keogh," permits self-employed individuals to establish tax-favored <br> retirement plans for themselves and their employees. Such retirement plans may <br> permit the purchase of annuity contracts in order to provide benefits under the plans; <br> however, there are limits on the amount of incidental benefits that may be provided <br> under pension and profit sharing plans.<br>|
| **Deferred Compensation Plans of** <br> **State and Local Governments** <br> **and Tax-Exempt Organizations**<br>| &nbsp;&nbsp; Section 457 of the Code permits employees of state and local governments and tax-<br> exempt organizations to defer a portion of their compensation without paying current <br> taxes. The employees must be participants in an eligible deferred compensation plan. <br> A Section 457 plan must satisfy several conditions, including the requirement that it <br> must not permit distributions prior to your separation from service (except in the <br> case of an unforeseen emergency). When we make payments under a Section 457 <br> Contract, the payment is taxed as ordinary income.<br>|

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*In the case of a Contract held by the trustee of a Qualified Plan, references to the Owner in the discussion below should be read to mean the employee named as the Annuitant on the Contract*.

*Collecting and Using Information* 

Through your participation in a Qualified Plan, the Company, your employer, your Plan administrator, and your Plan sponsor collect various types of confidential information you provide in your agreements, such as your name and the name of any Beneficiary, Social Security Numbers, addresses, and occupation information. The Company, your employer, the Plan administrator, and your Plan sponsor also collect confidential information relating to your Plan transactions, such as Contract Values, Purchase Payments, withdrawals, transfers, loans and investments. In order to comply with IRS regulations and other applicable law in servicing your Contract, the Company, your employer, the Plan administrator and the Plan sponsor may be required to share such confidential information among themselves, other current, former or future providers under your Qualified Plan, and among their employees. By maintaining a Contract for use in a Qualified Plan or by intending to make an Additional Purchase Payment, transfer of ownership, transfer, withdrawal or loan on an existing Contract used in a Section 403(b) Plan, you consent to such sharing of confidential information. The Company will not disclose any such confidential information to anyone, except as permitted by law or in accordance with your consent.

*Contributions to Other Qualified Plans* 

You may make Additional Purchase Payments through rollovers or conversions only from certain types of Qualified Plans or by making annual contributions to the extent permitted under the Code and by us. See "VII. Description of the Contract – Purchase Payments" for information on our Purchase Payment requirements.

We have no responsibility for determining whether a particular retirement plan or a particular contribution to the plan satisfies the applicable requirements of the Code and the plan. In general, the Code imposes limitations on the amount of annual compensation that can be contributed into Other Qualified Plans and contains rules to limit the total amount you can contribute to all of your IRAs and Other Qualified Plans. Trustees and administrators of Other Qualified Plans may, however, generally invest and reinvest existing plan assets without regard to such Code imposed limitations on contributions. Certain distributions from Other Qualified Plans may be transferred directly to another plan, unless funds are added from other sources, without regard to such limitations.

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*Distributions from Other Qualified Plans* 

*If permitted under your plan*, you may take a withdrawal in the form of a distribution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• from a Contract intended for use with any Qualified Plan (other than a section 457 deferred compensation plan maintained by a tax-exempt organization) and make a "tax-free rollover" to a traditional IRA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• from a Contract intended for use with any Qualified Plan (other than a section 457 deferred compensation plan maintained by a tax-exempt organization) and make a "tax-free rollover" to a SIMPLE IRA, but only after the 2-year period beginning on the date the individual first participated in any qualified salary reduction arrangement maintained by the individual's employer\*; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• from a Contract intended for use with a retirement plan qualified under sections 401(a), 403(a), or 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code and make a "tax-free rollover" to any such plans.

*\**

*Note that if your Contract is a SIMPLE IRA, it does not accept a rollover from any Qualified Plan other than another SIMPLE IRA.* 

In addition, if your Spouse is your designated beneficiary and survives you, he or she is permitted to take a distribution from a Contact intended for use with your tax-qualified retirement account and make a "tax-free rollover" to another tax-qualified retirement account in which your surviving Spouse participates, to the extent permitted by your surviving Spouse's plan. A Beneficiary who is not your surviving Spouse may, if permitted by the plan, make a direct rollover to a traditional IRA of the amount otherwise distributable to him or her upon your death under a Contract that is held as part of a retirement plan described in sections 401(a), 403(a), or 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code. The IRA is treated as an inherited IRA of the non-Spouse Beneficiary. A Spouse Beneficiary may also make a direct rollover to an inherited IRA.

You may make a "tax-free rollover" to a Roth IRA from a Contract intended for use as a Roth account in a retirement plan described in section 401(a) or section 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code.

In lieu of taking a distribution from your plan (including a section 457 deferred compensation plan maintained by a tax-exempt organization), your plan may permit you to make a direct trustee-to-trustee transfer of a Qualified Contract from the plan.

Current Treasury Department regulations provide a simplified method to determine the taxable portion of annuity payments under Contracts issued in connection with Other Qualified Plans. Please consult with your own qualified tax professional for further information.

*Required Minimum Distributions from Other Qualified Plans* 

Treasury Department regulations prescribe RMD rules governing the time at which distributions from Other Qualified Plans to the Owner and Beneficiary must commence and the form in which the distributions must be paid. These rules are substantially similar to the RMD rules described above for a traditional IRA, except that distributions of required minimum amounts must generally commence by the later of two dates as described below.

For a Qualified Plan participant born before July 1, 1949, required minimum distributions must generally begin by the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which the Qualified Plan participant turns 70½; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which Qualified Plan participant (other than a 5% owner) retires from the employer that sponsored the Qualified Plan.

For a Qualified Plan participant born after June 30, 1949 and before January 1, 1951, required minimum distributions must generally begin by the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which the Qualified Plan participant turns 72, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which the Qualified Plan participant (other than a 5% owner) retires from the employer that sponsored the Qualified Plan.

For a Qualified Plan participant born after December 31, 1950 and before January 1, 1960, required minimum distributions must generally begin by the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which the Participant turns age 73, or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which the Qualified Plan participant (other than a 5% owner) retires from the employer that sponsored the Qualified Plan.

For a Qualified Plan participant born after 1959, the triggering age for required minimum distributions is scheduled to increase to 75.

*Penalty Tax on Premature Distributions from Other Qualified Plans* 

A 10% penalty tax may be imposed on the taxable amount of any payment from certain Qualified Contracts (but generally not section 457 plans). (The amount of the penalty tax is 25% of the taxable amount of any payment received from a SIMPLE retirement account during the 2-year period beginning on the date the individual first participated in any qualified salary reduction arrangement maintained by the individual's employer.) There are exceptions to this penalty tax which vary depending on the type of Qualified Plan. In the case of distributions from certain Qualified Contracts, including a SIMPLE IRA, the penalty tax does not apply to a payment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• received on or after the date on which the Contract Owner reaches age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• received on or after the Contract Owner's death or because of the Contract Owner's disability (as defined in the tax law); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made as a series of substantially equal periodic payments (not less frequently than annually) for the life (or life expectancy) of the Owner or for the joint lives (or joint life expectancies) of the Contract Owner and "designated beneficiary" (as defined in the tax law).\*

*\**

*You may be subject to a retroactive application of the penalty tax, plus interest, if you begin taking a series of substantially equal periodic payments and then modify the payment pattern (other than by reason of death or disability) before the later of your turning age 59½ and the passage of five years after the date of the first payment.* 

Exceptions from the penalty tax also apply to certain distributions taken for qualified birth or adoption expenses and certain qualified disaster distributions. The Code also provides for the opportunity to repay such distributions to an eligible retirement plan, including an IRA. Please consult with your own qualified tax professional to determine whether you qualify for any of these exceptions and what tax treatment will apply to the distribution and any repayment, where the Code allows repayment of a distribution.

These exceptions, as well as certain others not described herein, generally apply to taxable distributions from Other Qualified Plans (although, in the case of plans qualified under sections 401 and 403 of the Code, the exception for substantially equal periodic payments applies only if the Contract Owner has separated from service). The SECURE 2.0 Act of 2022 created additional exceptions from the penalty tax not described herein. If you wish to take a distribution and rely on an exception to the penalty tax, please consult with your own qualified tax professional.

*Withholding on Eligible Rollover Distributions* 

Eligible rollover distributions from a retirement plan that is qualified under sections 401(a), 403(a) or 403(b) of the Code, or from a governmental deferred compensation plan described in section 457(b) of the Code are subject to mandatory withholding. An eligible rollover distribution generally is any taxable distribution from such plans except: (i) minimum distributions required under section 401(a)(9) of the Code; (ii) certain distributions for life, life expectancy, or for 10 years or more which are part of a "series of substantially equal periodic payments;" and (iii) if applicable, certain hardship withdrawals.

Federal income tax of 20% will generally be withheld from an eligible rollover distribution. The withholding is mandatory, and you cannot elect to have it not apply. This 20% withholding will not apply, however, if instead of receiving the eligible rollover distribution, you choose to have it directly transferred to an eligible retirement plan, including a traditional IRA, or to a Roth IRA. The SECURE 2.0 Act of 2022 also created limited exceptions from the 20% withholding requirement for certain types of distributions.

If we have to withhold a portion of your distribution, we will treat any amount we withhold as a withdrawal from your <br> Contract, which could result in an Excess Withdrawal or other type of reduction in the guarantees and benefits that you may <br> have purchased under an optional benefits Rider to your Contract.<br>

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We do not need to withhold any amounts if you provide us with information, on the forms we require for this purpose, that <br> you wish to assign a Qualified Contract to another Qualified Plan and/or transfer amounts from that Contract directly to <br> another Qualified Plan. Similarly, if you wish to make Additional Purchase Payments to a Qualified Contract, you may find <br> it advantageous to instruct your existing retirement plan to transfer amounts directly to us, in lieu of making a distribution to <br> you. **You should seek independent tax advice if you intend to maintain a Contract for use with a Qualified Plan**.<br>

*Designated Roth Accounts within Other Qualified Plans* 

The Small Business Jobs Act of 2010 authorizes: (1) participants in governmental deferred compensation plans described in section 457(b) to contribute deferred amounts to designated Roth accounts within their 457(b) plan; and (2) participants in 401(k), 403(b) and certain other plans to roll over qualified distributions into a designated Roth account within their plans, *if allowed by their plans*. The Contract, however, was not designed to separately account for any Contract Value in a single Contract that is split between Roth and non-Roth accounts, *even if your 401(k) Plan, 403(b) Plan or 457 Plan allows you to split your account*. If your plan allows it, and you split your Contract Value into Roth and non-Roth accounts, you or your plan administrator (in the case of 401(k) Plans) will be responsible for the accounting of your Contract Value for tax purposes: calculating withholding, income tax reporting, and verifying Required Minimum Distributions made under our Life Expectancy Distribution Program. We are not responsible for the calculations of any service provider that you may use to split Contract Value between Roth and non-Roth accounts. We will deny any request that would create such a split.

*Rollover to a Roth IRA* 

Current tax law no longer imposes a restriction, based on adjusted gross income, on a taxpayer's ability to initiate a direct rollover from a non-Roth account in a Qualified Plan to a Roth IRA. Accordingly, taxpayers with more than $100,000 of adjusted gross income may now initiate a direct rollover of a distribution from a retirement plan described in sections 401(a), 403(a), or 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code to a Roth IRA. The Roth IRA annual contribution limit does not apply to rollover amounts.

You must, however, pay tax on any portion of the rollover amount that would have been taxed if you had not made a direct rollover to a Roth IRA. No similar limitations apply to rollovers to one Roth IRA from another Roth IRA or from a Roth account in a retirement plan described in section 401(a) or section 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code. Please note that the amount deemed to be the "rollover amount" for tax purposes may be higher than the Contract Value because of the deemed value of guarantees.

A 10% penalty tax for premature distributions may apply if amounts converted to a Roth IRA are distributed within the 5-taxable year period beginning in the year the conversion is made. Generally, the amount converted to a Roth IRA is included in ordinary income for the year in which the account was converted.

If you instruct us to transfer a rollover amount from a Qualified Contract to a Roth IRA, we will assume it is permitted <br> under your plan and you may instruct us to not withhold any of the rollover for taxes and remittance to the IRS. A direct <br> rollover is not subject to mandatory tax withholding, even if the distribution is includible in gross income. If you instruct us <br> to withhold taxes in connection with a direct rollover from an existing Contract to a Roth IRA, we will treat any amount we <br> withhold as a withdrawal from your Contract. This could result in an Excess Withdrawal, or other reduction of the <br> guarantees and benefits you may have purchased under an optional benefits Rider to your Contract. Please read Appendix <br> C: "Optional Guaranteed Minimum Withdrawal Benefits" for information about the impact of withdrawals on optional <br> benefit Riders.<br>

Given the taxation of direct rollovers to a Roth IRA and the potential for an early distribution penalty tax, you should consider the resources that you have available, other than your retirement plan assets, for paying any taxes that would become due the year of any such rollover or a subsequent year. You should seek independent qualified tax advice if you intend to use the Contract in connection with a Roth IRA.

*Section 403(b) Plans* 

Section 403(b) of the Code permits public school employees and employees of certain types of tax-exempt organizations to have their employers purchase annuity contracts for them and, subject to certain limitations, to exclude the Purchase Payments from gross income for tax purposes. If you purchased a Contract for use in a retirement plan intended to qualify under section 403(b) of the Code (a "403(b) Plan"), we may restrict your ability to make Additional Purchase Payments unless: (a) we receive the Additional Purchase Payment directly from the 403(b) Plan through your employer, the Plan's

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administrator, the Plan's sponsor or in the form of a transfer acceptable to us; (b) we have entered into an agreement with your 403(b) Plan concerning the sharing of information related to your Contract (an "Information Sharing Agreement"); and (c) unless contained in the Information Sharing Agreement, we have received a written determination by your employer, the Plan administrator or the Plan sponsor of your 403(b) Plan that the plan qualifies under section 403(b) of the Code and complies with applicable Treasury Department regulations (a "Certificate of Compliance") (Information Sharing Agreement and Certificate of Compliance, together, the "Required Documentation").

We may accept, reject or modify any of the terms of a proposed Information Sharing Agreement presented to us, and make no representation that we will enter into an Information Sharing Agreement with your 403(b) Plan.

**Additional Purchase Payments.** We will not accept Additional Purchase Payments in the form of salary reduction, matching or other similar contributions in the absence of the Required Documentation. Matching or other employer contributions to Contracts issued on or after January 1, 2009, will be subject to restrictions on withdrawals specified in the Section 403(b) Plan.

We will not knowingly accept transfers, in the absence of the Required Documentation, from another existing annuity contract or other investment under a 403(b) Plan to a previously issued Contract used in a 403(b) Plan. Subject to our receipt of the Required Documentation, such transfers shall be made directly from a Plan through an employer, a Plan administrator or a Plan sponsor, or by a transfer acceptable to us.

In the event that we do not receive the Required Documentation and you nonetheless direct us to accept a Purchase Payment, the transfer may be treated as a taxable transaction.

*Restrictions on Section 403(b) Plans* 

Tax-sheltered annuity contracts must contain restrictions on withdrawals of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contributions made pursuant to a salary reduction agreement in years beginning after December 31, 1988;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• earnings on those contributions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• earnings after 1988 on amounts attributable to salary reduction contributions (and earnings on those contributions) held as of the last day of 1988.

In general, these amounts can be paid only if the employee has reached age 59½, separated from service, died, or become disabled (within the meaning of the tax law), or in the case of hardship (within the meaning of the tax law). Amounts permitted to be distributed in the event of hardship are limited to actual contributions for elective contributions made after 1988; earnings thereon cannot be distributed on account of hardship. Under certain circumstances, amounts may be withdrawn if the employee is a reservist who has been called to active duty (see section 72(t)(2)(G) of the Code). Amounts subject to the withdrawal restrictions applicable to section 403(b)(7) custodial accounts may be subject to more stringent restrictions.

Exercise of the withdrawal right for each withdrawal under the Contract may be subject to the terms of the Section 403(b) Plan and may require the consent of the employer, the Plan administrator or the Plan sponsor, as well as the participant's spouse, under section 403(b) of the Code and applicable Treasury Regulations.

In the event that we do not receive the Required Documentation and you nonetheless direct us to proceed with the withdrawal, your Contract may no longer be qualified under section 403(b), which may result in additional adverse tax consequences to you. Employer consent is not required when we have received documentation in a form acceptable to us confirming that you have reached age 59½, separated from service, died or become disabled. (These limitations on withdrawals do not apply to the extent we are directed to transfer some or all of the Contract Value to the issuer of another tax-sheltered annuity or into a section 403(b)(7) custodial account.)

*Loans under section 403(b) of the Code* 

You may be eligible for a loan of some or all of your Contract Value if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We issued your Contract prior to November 12, 2007;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract does not contain a GMWB Rider;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract is intended for use with a retirement plan qualified under section 403(b) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The retirement plan is not subject to Title 1 of ERISA; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your retirement plan permits you to request the loan.

Loans from Qualified Contracts intended for use under retirement plans qualified under section 403(b) of the Code, where allowed, are subject to a variety of limitations, including restrictions as to the amount that may be borrowed, the duration of the loan and the manner in which the loan must be repaid.

Loans are subject to the Code, Treasury regulations, IRS rulings, and our procedures in effect at the time you apply for a loan. Because the rules governing loans under section 403(b) Contracts are complicated, please consult your own tax professional before exercising any loan privilege for which you are eligible. Failure to meet the requirements for loans may result in adverse income tax consequences to you. The loan agreement you sign will describe the restrictions and limitations applicable to the loan at the time you apply.

Federal tax law generally requires loans to be repaid within 5 years (except in cases where the loan was used to acquire the principal residence of a plan participant), with repayments made at least quarterly and in level payments over the term of the loan. Interest will be charged on your Loan Amount. Failure to make a loan repayment when due will result in adverse income tax consequences to you.

We deduct the amount of any Unpaid Loans from the death benefit otherwise payable under the Contract. In addition, loans, whether or not repaid, will have a permanent effect on the Contract Value because the investment results of the Investment Accounts will apply only to the unborrowed portion of the Contract Value. The longer a loan is unpaid, the greater the effect is likely to be. The effect could be favorable or unfavorable.

*If you have a loan outstanding under a Contract intended for use with a Section 403(b) Plan, any surrender or transfer of your Contract may subject you to income taxation on the amount of the loan balance*.

*Restrictions under the Texas Optional Retirement Program* 

Section 830.105 of the Texas Government Code permits participants in the Texas Optional Retirement Program ("ORP") to withdraw their interest in a variable annuity contract issued under the ORP only upon:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of employment in all Texas public institutions of higher education;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• retirement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• death; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant's turning age 70½.

Accordingly, before you withdraw any amounts from the Contract, you must furnish proof to us that one of these four events has occurred. For these purposes a change of company providing ORP benefits or a participant's transfer between institutions of higher education is not a termination of employment. Consequently there is no termination of employment when a participant in the ORP transfers the Contract Value to another Contract or another qualified custodian during the period of participation in the ORP.

*Puerto Rico Contracts Issued to Fund Retirement Plans* 

The tax laws of Puerto Rico vary significantly from the provisions of the Internal Revenue Code of the United States that are applicable to various Qualified Plans. If you purchased a Contract intended for use in connection with Puerto Rican "tax qualified" retirement plans, please note that the text of this Prospectus addresses U.S. federal tax law only and is inapplicable to the tax laws of Puerto Rico.

**See Your Own Tax Professional** 

The foregoing description of federal income tax topics and issues is only a brief summary and is not intended as tax advice. It does not include a discussion of federal estate and gift tax or state tax consequences. The rules under the Code governing Qualified Plans are extremely complex and often difficult to understand. Changes to the tax laws may be enforced retroactively. Anything less than full compliance with the applicable rules, all of which are subject to change from time to time, can have adverse tax consequences. The taxation of an Annuitant or other payee has become so complex and confusing that great care must be taken to avoid pitfalls. For further information, please consult with your own qualified tax professional.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**X. General Matters** 

**Asset Allocation Services** 

We are aware that certain third parties may have offered asset allocation services ("Asset Allocation Services") in connection with the Contracts through which a third party may transfer amounts among Investment Options from time to time on your behalf. In certain cases we have agreed to honor transfer instructions from such Asset Allocation Services where we have received powers of attorney, in a form acceptable to us, from the Contract Owners participating in the service and where the Asset Allocation Service has agreed to the trading restrictions imposed by us. These trading restrictions include adherence to a Separate Account's policies that we have adopted to discourage disruptive frequent trading activity. (See "Transfers Among Investment Options.") **We do *not* endorse, approve or recommend such services in any way. If you authorize payment for such services from your Contract Value: (1) we treat the payments as withdrawals under the terms described earlier in this Prospectus; and (2) any such withdrawals may incur a withdrawal charge or other fee under the terms described in this Prospectus, which would be separate and in addition to any other charges and fees you may pay for other withdrawals.** (See "VII. Description of the Contract – Accumulation Period Provisions – Withdrawals" for information about the treatment of withdrawals under the Contract. You should also refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits," or Appendix D: "Optional Guaranteed Minimum Income Benefits," if you purchased one of our optional benefit Riders, for information about the impact of withdrawals on the Rider's benefits.)

**Distribution of Contracts** 

John Hancock Distributors, LLC ("JH Distributors"), a Delaware limited liability company that we control, is the principal underwriter and distributor of the Contracts offered through this Prospectus and of other annuity and life insurance products we and our affiliates offer. JH Distributors also acts as the principal underwriter of the John Hancock Variable Insurance Trust, whose securities are used to fund certain Variable Investment Options under the Contracts and under other annuity and life insurance products we offer.

JH Distributors' principal address is 200 Berkeley Street, Boston, Massachusetts 02116. JH Distributors is a broker-dealer registered under the Securities Exchange Act of 1934 (the "1934 Act") and is a member of the Financial Industry Regulatory Authority ("FINRA").

We offered the Contracts for sale through broker-dealers that had entered into selling agreements with JH Distributors. Broker-dealers sold the Contracts through their registered representatives who were appointed by us to act as our insurance agents. JH Distributors may also have offered the Contracts directly to potential purchasers.

JH Distributors may continue to pay compensation to broker-dealers for the promotion, sale and servicing of the Contracts. Contract Owners do not pay this compensation directly. These payments are made from JH Distributors' and our own revenues, profits or retained earnings, which may be derived from a number of sources, such as fees received from a Portfolio's distribution plan ("12b-1 fees"), the fees and charges imposed under the Contract, and other sources, including distribution plans of the underlying portfolios of a Portfolio that is a fund of funds.

The individual representative who sold you a Contract may receive a portion of the compensation that we pay for servicing an existing Contract, or that we pay upon receipt of an Additional Purchase Payment, under the representative's own arrangement with his or her broker-dealer. We may also continue to pay commissions or overrides to a limited number of broker-dealers that provided marketing support and training services to the broker-dealers that sold and service the Contracts.

*Standard Compensation* 

The amount and timing of compensation JH Distributors pays to broker-dealers may vary depending on the selling agreement, but compensation with respect to Contracts sold through broker-dealers (inclusive of wholesaler overrides and expense allowances) and paid to broker-dealers is not expected to exceed 8% of Purchase Payments. In addition, beginning one year after each Purchase Payment, JH Distributors may pay ongoing compensation at an annual rate of up to 1.20% of the values of the Contracts attributable to such Purchase Payments. The greater the amount of compensation paid by JH Distributors at the time you make a Purchase Payment, the less it will pay as ongoing compensation. This compensation is not paid directly by Contract Owners. JH Distributors pays the compensation from its assets but expects to recoup it through the fees and charges imposed under the Contract (see "VIII. Charges and Deductions").

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*Revenue Sharing and Additional Compensation* 

In addition to standard compensation arrangements and to the extent permitted by SEC and FINRA rules and other applicable laws and regulations, we, either directly or through JH Distributors, may have entered into special compensation or reimbursement arrangements ("revenue sharing") with selected broker-dealers ("firms"). We determined which firms to support and the extent of the payments that we made and may continue to make. Under these arrangements, the form of payment may have been any one or a combination of a flat fee, a percentage of the assets we hold that are attributable to Contract allocations, a percentage of sales revenues, reimbursement of administrative expenses (including ticket charges), conference fees, or some other type of compensation.

In consideration of these arrangements, a firm may have given us preferential access to members of its sales force. In addition, the firm may have agreed to participate in our marketing and on-going training and servicing activities by allowing JH Distributors or its affiliates to participate in conferences, seminars or other programs attended by the firm's sales force.

These arrangements were not offered to all firms, and the terms of such arrangements differed between firms. During 2012, we terminated these revenue sharing arrangements with broker-dealers with respect to the sale of the Contracts, although a small number of firms continue to receive revenue sharing payments in accordance with the terms of agreements entered into with those particular firms. We provide additional information on special compensation or reimbursement arrangements in the SAI, which is available upon request. Any such compensation, which may have been significant at times, does not result in any additional direct charge to you by us.

Broker-dealers may receive or may have received additional payments from us, either directly or through JH Distributors, in the form of cash, other special compensation or reimbursement of expenses. These additional compensation or reimbursement payments may have included, for example, payments for providing conferences or seminars, sales or training programs for invited registered representatives and other employees, payments for travel expenses, including lodging, incurred by registered representatives and other employees for such seminars or training programs, seminars for the public, advertising and sales campaigns regarding the Contract, and payments to assist a firm in connection with its marketing expenses and/or other events or activities sponsored by the firms. We may have contributed to, as well as sponsored, various educational programs, sales promotions and/or contests in which participating firms and their sales persons may have received gifts and prizes such as merchandise, cash, or other awards, as may be permitted by applicable FINRA rules and other applicable laws and regulations.

*Differential Compensation* 

Compensation negotiated and paid by JH Distributors pursuant to a selling agreement with a broker-dealer may differ from compensation levels that the broker-dealer receives for selling or servicing other variable contracts. The compensation and revenue sharing arrangements may have given us benefits such as greater access to registered representatives. In addition, under their own arrangements, broker-dealer firms may pay a portion of any amounts received from us under standard or additional compensation or revenue sharing arrangements to their registered representatives. The additional compensation and revenue sharing arrangements may have given us benefits such as greater access to registered representatives. As a result, registered representatives may have been motivated to recommend one of our contracts over another issuer's contract.

For sales representatives of certain affiliates, the amount of additional compensation paid was based primarily on the amount of proprietary products sold and serviced by the representative. Proprietary products are those issued by us or our affiliates. The managers who supervised these sales representatives may also have been entitled to additional cash compensation based on the sale of proprietary products sold by their representatives. Because the additional cash compensation paid to these sales representatives and their managers was primarily based on sales of proprietary products, these sales representatives and their managers had an incentive to favor the sale of proprietary products over other products issued by non-affiliates.

*Contracts Sold Directly Without Payment of Any Sales Compensation* 

*(John Hancock USA Contracts only; not available in NY)* 

The Contract may have been sold directly to certain individuals under various circumstances that did not involve payment of any sales compensation to a registered representative. The following classes of individuals are eligible for this waiver:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• officers, directors, trustees or employees (or a relative thereof) of John Hancock USA, Manulife, the John Hancock Variable Insurance Trust or any of their affiliates; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• employees and registered representatives (and their immediate families) of registered broker-dealers (or their financial institutions) that: (1) have a sales agreements with John Hancock USA and its principal underwriter, JH Distributors, to sell the Contracts; and (2) have approved the payment of the credit to their employees and registered representatives.

**Transaction Confirmations** 

We send you confirmation statements for certain transactions in your Investment Accounts. You should carefully review these transaction confirmations to verify their accuracy. You should report any mistakes immediately to our Annuities Service Center. If you fail to notify our Annuities Service Center of any mistake within 60 days of the delivery of the transaction confirmation, we will deem you to have ratified the transaction. We encourage you to register for electronic delivery of your transaction confirmations. Please contact the John Hancock Annuities Service Center at the applicable telephone number or internet address shown on the back cover of this Prospectus for more information on electronic transactions.

**Reinsurance Arrangements** 

From time to time we may utilize reinsurance as part of our risk management program. Under any reinsurance agreement, we remain liable to the Contract Owners for the contractual obligations under the Contracts, including guaranteed benefits, and the reinsurer agrees to indemnify us for certain risks they assume under the Contracts that are covered in the reinsurance agreements. The reinsurance agreement is an agreement solely between us and the reinsurer and no Contract Owner has any right of action against the reinsurer. In evaluating reinsurers, we consider the financial and claims paying ability ratings of the reinsurer. Our philosophy is to minimize incidental credit risk. We do so with a combination of transacting with high quality reinsurers, diversifying reinsurance counterparties to limit concentrations, and engaging in reinsurance transactions that include collateral. Some of the benefits that may be reinsured include living benefits, guaranteed death benefits, or other obligations.

**Legal and Regulatory Matters** 

There are no legal proceedings to which we, the Separate Account or the principal underwriter is a party, or to which the assets of the Separate Account are subject, that are likely to have a material adverse effect on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Separate Account; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the ability of the principal underwriter to perform its contract with the Separate Account; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• on our ability to meet our obligations under the variable annuity contracts funded through the Separate Account.

**Financial Statements** 

The Statements of Additional Information contain the Company's financial statements for the years ended December 31, 2025 and 2024, and its Separate Account financial statements for the year ended December 31, 2025 (the "Financial Statements"). Our Financial Statements provide information on our financial strength as of December 31, 2025, including information on our General Account assets that were available at that time to support our guarantees under the Contracts and any optional benefit Riders. The Company's General Account consists of securities and other investments, the value of which may decline during periods of adverse market conditions.

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**Appendix: Portfolios Available Under the Contract** 

**Variable Investment Options.** The following is a list of Portfolios available under the Contract. More information about the Portfolios is available in the prospectuses for the Portfolios, which may be amended from time to time. You can request this information at no cost by calling the phone number on the back cover of this Prospectus or by sending an email request to life_and_annuities_prospectuses@jhancock.com. The Portfolios available may be restricted if you purchased a guaranteed minimum withdrawal benefit Rider.

The current expenses and performance information below reflects fees and expenses of the Portfolios, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To approximate the aggregate total return <br> of a broad-based U.S. domestic equity <br> market index.<br>| 500 Index Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.30%<sup>\*</sup> | 17.52 | 14.06 | 14.47 |
| To approximate the aggregate total return <br> of a broad-based U.S. domestic equity <br> market index.<br>| 500 Index Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.50%<sup>\*</sup> | 17.27 | 13.84 | 14.24 |
| To seek income and capital appreciation. | Active Bond Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.70%<sup>\*</sup> | &nbsp;&nbsp; 7.39 | &nbsp;&nbsp; 0.02 | &nbsp;&nbsp; 2.61 |
| To seek income and capital appreciation. | Active Bond Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.90%<sup>\*</sup> | &nbsp;&nbsp; 7.18 | -0.17 | &nbsp;&nbsp; 2.41 |
| To seek to provide high total return <br> (including income and capital gains) <br> consistent with preservation of capital <br> over the long term.<br>| American Asset Allocation Trust - Series <br> I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>0.91%<sup>\*</sup> | 15.39 | &nbsp;&nbsp; 8.57 | &nbsp;&nbsp; 9.37 |
| To seek to provide high total return <br> (including income and capital gains) <br> consistent with preservation of capital <br> over the long term.<br>| American Asset Allocation Trust - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>1.06%<sup>\*</sup> | 15.31 | &nbsp;&nbsp; 8.47 | &nbsp;&nbsp; 9.27 |
| To seek to provide long-term growth of <br> capital.<br>| American Global Growth Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>1.22%<sup>\*</sup> | 21.08 | &nbsp;&nbsp; 7.74 | 11.65 |

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App Table #2

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek to provide growth of capital. | American Growth Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 1.10%<sup>\*</sup> | 19.73 | 12.88 | 17.46 |
| To seek to provide long-term growth of <br> capital and income.<br>| American Growth-Income Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.91% | 17.65 | 13.48 | 13.50 |
| To seek to provide long-term growth of <br> capital and income.<br>| American Growth-Income Trust - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 1.06% | 17.53 | 13.38 | 13.41 |
| To provide long-term growth of capital. <br> Current income is a secondary objective.<br>| Blue Chip Growth Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.80%<sup>\*</sup> | 18.52 | 11.71 | 15.56 |
| To provide long-term growth of capital. <br> Current income is a secondary objective.<br>| Blue Chip Growth Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.00%<sup>\*</sup> | 18.26 | 11.48 | 15.33 |
| To seek long-term capital appreciation. | Capital Appreciation Value Trust - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.13%<sup>\*</sup> | 11.35 | &nbsp;&nbsp; 8.84 | 10.67 |
| To seek total return consisting of income <br> and capital appreciation.<br>| Core Bond Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Allspring Global Investments, LLC*<br>| 0.67%<sup>\*</sup> | &nbsp;&nbsp; 6.94 | -0.57 | &nbsp;&nbsp; 1.91 |
| To seek total return consisting of income <br> and capital appreciation.<br>| Core Bond Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Allspring Global Investments, LLC*<br>| 0.87%<sup>\*</sup> | &nbsp;&nbsp; 6.77 | -0.78 | &nbsp;&nbsp; 1.70 |
| To seek long-term capital appreciation. | Disciplined Value Emerging Markets <br> Equity Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 1.16%<sup>\*</sup> | 31.68 | &nbsp;&nbsp; 7.58 | &nbsp;&nbsp; 8.28 |
| To seek long-term growth of capital. | Disciplined Value International Trust - <br> Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 0.84% | 40.90 | 12.64 | &nbsp;&nbsp; 8.92 |

---

App Table #2

------

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek long-term growth of capital. | Disciplined Value International Trust - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 1.04% | 40.60 | 12.41 | &nbsp;&nbsp; 8.69 |
| To provide substantial dividend income <br> and also long-term growth of capital.<br>| Equity Income Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.78%<sup>\*</sup> | 14.39 | 11.10 | 10.47 |
| To provide substantial dividend income <br> and also long-term growth of capital.<br>| Equity Income Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.98%<sup>\*</sup> | 14.18 | 10.88 | 10.25 |
| To seek growth of capital. | Financial Industries Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.93%<sup>\*</sup> | 12.00 | 11.44 | 10.54 |
| To seek growth of capital. | Financial Industries Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.13%<sup>\*</sup> | 11.82 | 11.21 | 10.32 |
| To seek long-term growth of capital. | Fundamental All Cap Core Trust - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.96%<sup>\*</sup> | &nbsp;&nbsp; 4.57 | 11.51 | 13.51 |
| To seek long-term capital appreciation. | Fundamental Large Cap Value Trust - <br> Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.77%<sup>\*</sup> | 15.93 | 14.90 | 12.58 |
| To seek long-term capital appreciation. | Fundamental Large Cap Value Trust - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.97%<sup>\*</sup> | 15.71 | 14.68 | 12.36 |
| To seek long-term capital appreciation. | Global Equity Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.93%<sup>\*</sup> | 18.13 | 10.12 | &nbsp;&nbsp; 8.34 |

---

App Table #2

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek long-term capital appreciation. | Global Equity Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>1.13%<sup>\*</sup> | 17.91 | &nbsp;&nbsp; 9.89 | &nbsp;&nbsp; 8.13 |
| To seek long-term capital appreciation. | Health Sciences Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.04%<sup>\*</sup> | 19.49 | &nbsp;&nbsp; 4.15 | &nbsp;&nbsp; 8.70 |
| To seek long-term capital appreciation. | Health Sciences Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.24%<sup>\*</sup> | 19.22 | &nbsp;&nbsp; 3.94 | &nbsp;&nbsp; 8.48 |
| The fund seeks high current income. <br> Capital appreciation is a secondary goal.<br>| High Yield Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.74%<sup>\*</sup> | &nbsp;&nbsp; 7.46 | &nbsp;&nbsp; 3.97 | &nbsp;&nbsp; 6.07 |
| The fund seeks high current income. <br> Capital appreciation is a secondary goal.<br>| High Yield Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.94%<sup>\*</sup> | &nbsp;&nbsp; 7.25 | &nbsp;&nbsp; 3.74 | &nbsp;&nbsp; 5.86 |
| To seek to track the performance of a <br> broad-based equity index of foreign <br> companies primarily in developed <br> countries and, to a lesser extent, in <br> emerging markets.<br>| International Equity Index Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*SSGA Funds Management, Inc.*<br>0.39%<sup>\*</sup> | 32.50 | &nbsp;&nbsp; 7.64 | &nbsp;&nbsp; 8.28 |
| To seek to track the performance of a <br> broad-based equity index of foreign <br> companies primarily in developed <br> countries and, to a lesser extent, in <br> emerging markets.<br>| International Equity Index Trust - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*SSGA Funds Management, Inc.*<br>0.59%<sup>\*</sup> | 32.26 | &nbsp;&nbsp; 7.42 | &nbsp;&nbsp; 8.07 |
| To seek long-term capital appreciation. | International Small Company Trust - <br> Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>1.06%<sup>\*</sup> | 34.98 | &nbsp;&nbsp; 7.99 | &nbsp;&nbsp; 7.79 |
| To seek long-term capital appreciation. | International Small Company Trust - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>1.26%<sup>\*</sup> | 34.67 | &nbsp;&nbsp; 7.77 | &nbsp;&nbsp; 7.57 |
| To provide a high level of current income <br> consistent with the maintenance of <br> principal and liquidity.<br>| Investment Quality Bond Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.77%<sup>\*</sup> | &nbsp;&nbsp; 6.97 | -0.47 | &nbsp;&nbsp; 2.37 |

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App Table #2

------

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To provide a high level of current income <br> consistent with the maintenance of <br> principal and liquidity.<br>| Investment Quality Bond Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.97%<sup>\*</sup> | &nbsp;&nbsp; 6.67 | -0.69 | &nbsp;&nbsp; 2.16 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on growth of <br> capital.<br>| Lifestyle Balanced Portfolio - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.79%<sup>\*</sup> | 14.10 | &nbsp;&nbsp; 5.44 | &nbsp;&nbsp; 7.02 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on growth of <br> capital.<br>| Lifestyle Balanced Portfolio - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.99%<sup>\*</sup> | 13.81 | &nbsp;&nbsp; 5.23 | &nbsp;&nbsp; 6.81 |
| To seek a high level of current income <br> with some consideration given to growth <br> of capital.<br>| Lifestyle Conservative Portfolio - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.76%<sup>\*</sup> | 10.05 | &nbsp;&nbsp; 1.97 | &nbsp;&nbsp; 4.16 |
| To seek a high level of current income <br> with some consideration given to growth <br> of capital.<br>| Lifestyle Conservative Portfolio - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.96%<sup>\*</sup> | &nbsp;&nbsp; 9.82 | &nbsp;&nbsp; 1.77 | &nbsp;&nbsp; 3.95 |
| To seek long-term growth of capital. <br> Current income is also a consideration.<br>| Lifestyle Growth Portfolio - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.81%<sup>\*</sup> | 16.72 | &nbsp;&nbsp; 7.79 | &nbsp;&nbsp; 8.90 |
| To seek long-term growth of capital. <br> Current income is also a consideration.<br>| Lifestyle Growth Portfolio - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>1.01%<sup>\*</sup> | 16.51 | &nbsp;&nbsp; 7.58 | &nbsp;&nbsp; 8.69 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on income.<br>| Lifestyle Moderate Portfolio - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.78%<sup>\*</sup> | 12.67 | &nbsp;&nbsp; 4.25 | &nbsp;&nbsp; 6.04 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on income.<br>| Lifestyle Moderate Portfolio - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.98%<sup>\*</sup> | 12.48 | &nbsp;&nbsp; 4.05 | &nbsp;&nbsp; 5.84 |

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App Table #2

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek growth of capital and current <br> income while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Balanced Portfolio - <br> Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.92% | &nbsp;&nbsp; 9.72 | &nbsp;&nbsp; 4.61 | &nbsp;&nbsp; 5.52 |
| To seek growth of capital and current <br> income while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Balanced Portfolio - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.12% | &nbsp;&nbsp; 9.51 | &nbsp;&nbsp; 4.41 | &nbsp;&nbsp; 5.31 |
| To seek current income and growth of <br> capital, while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Conservative Portfolio <br> - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.90% | &nbsp;&nbsp; 8.84 | &nbsp;&nbsp; 0.95 | &nbsp;&nbsp; 3.09 |
| To seek current income and growth of <br> capital, while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Conservative Portfolio <br> - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.10% | &nbsp;&nbsp; 8.63 | &nbsp;&nbsp; 0.76 | &nbsp;&nbsp; 2.89 |
| To seek long term growth of capital while <br> seeking to both manage the volatility of <br> return and limit the magnitude of <br> portfolio losses.<br>| Managed Volatility Growth Portfolio - <br> Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.96% | 10.82 | &nbsp;&nbsp; 6.26 | &nbsp;&nbsp; 6.22 |
| To seek long term growth of capital while <br> seeking to both manage the volatility of <br> return and limit the magnitude of <br> portfolio losses.<br>| Managed Volatility Growth Portfolio - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.16% | 10.57 | &nbsp;&nbsp; 6.05 | &nbsp;&nbsp; 6.02 |
| To seek current income and growth of <br> capital while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Moderate Portfolio - <br> Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.92% | &nbsp;&nbsp; 9.25 | &nbsp;&nbsp; 3.73 | &nbsp;&nbsp; 5.06 |
| To seek current income and growth of <br> capital while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Moderate Portfolio - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.12% | &nbsp;&nbsp; 9.06 | &nbsp;&nbsp; 3.53 | &nbsp;&nbsp; 4.85 |

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App Table #2

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek long-term growth of capital. | Mid Cap Growth Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.93%<sup>\*</sup> | &nbsp;&nbsp; 6.11 | &nbsp;&nbsp; 1.30 | 11.69 |
| To seek long-term growth of capital. | Mid Cap Growth Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>1.13%<sup>\*</sup> | &nbsp;&nbsp; 5.94 | &nbsp;&nbsp; 1.10 | 11.47 |
| Seeks to approximate the aggregate total <br> return of a mid cap U.S. domestic equity <br> market index.<br>| Mid Cap Index Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.46%<sup>\*</sup> | &nbsp;&nbsp; 6.98 | &nbsp;&nbsp; 8.63 | 10.23 |
| Seeks to approximate the aggregate total <br> return of a mid cap U.S. domestic equity <br> market index.<br>| Mid Cap Index Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.66%<sup>\*</sup> | &nbsp;&nbsp; 6.81 | &nbsp;&nbsp; 8.42 | 10.02 |
| To seek long-term capital appreciation. | Mid Value Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.03%<sup>\*</sup> | &nbsp;&nbsp; 5.85 | 11.65 | 10.85 |
| To seek long-term capital appreciation. | Mid Value Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.23%<sup>\*</sup> | &nbsp;&nbsp; 5.65 | 11.45 | 10.63 |
| To obtain maximum current income <br> consistent with preservation of principal <br> and liquidity.<br>| Money Market Trust<sup>\*\*</sup> - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.33%<sup>\*</sup> | &nbsp;&nbsp; 4.02 | &nbsp;&nbsp; 2.99 | &nbsp;&nbsp; 1.93 |
| To obtain maximum current income <br> consistent with preservation of principal <br> and liquidity.<br>| Money Market Trust<sup>\*\*</sup> - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.53%<sup>\*</sup> | &nbsp;&nbsp; 3.81 | &nbsp;&nbsp; 2.82 | &nbsp;&nbsp; 1.77 |
| To seek maximum total return, consistent <br> with preservation of capital and prudent <br> investment management.<br>| Opportunistic Fixed Income Trust - Series <br> I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.97%<sup>\*</sup> | &nbsp;&nbsp; 9.51 | &nbsp;&nbsp; 0.57 | &nbsp;&nbsp; 3.19 |
| To seek maximum total return, consistent <br> with preservation of capital and prudent <br> investment management.<br>| Opportunistic Fixed Income Trust - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>1.17%<sup>\*</sup> | &nbsp;&nbsp; 9.20 | &nbsp;&nbsp; 0.37 | &nbsp;&nbsp; 2.99 |

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App Table #2

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek to achieve a combination of long-<br> term capital appreciation and current <br> income.<br>| Real Estate Securities Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.81%<sup>\*</sup> | &nbsp;&nbsp; 0.63 | &nbsp;&nbsp; 5.73 | &nbsp;&nbsp; 5.87 |
| To seek to achieve a combination of long-<br> term capital appreciation and current <br> income.<br>| Real Estate Securities Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>1.01%<sup>\*</sup> | &nbsp;&nbsp; 0.40 | &nbsp;&nbsp; 5.51 | &nbsp;&nbsp; 5.66 |
| To seek long-term growth of capital. <br> Current income is incidental to the fund's <br> objective.<br>| Science & Technology Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.04%<sup>\*</sup> | 23.58 | 12.97 | 19.79 |
| To seek long-term growth of capital. <br> Current income is incidental to the fund's <br> objective.<br>| Science & Technology Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.24%<sup>\*</sup> | 23.29 | 12.74 | 19.54 |
| To seek income and capital appreciation. | Select Bond Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.85%<sup>\*</sup> | &nbsp;&nbsp; 7.36 | -0.51 | &nbsp;&nbsp; 2.01 |
| To seek a high level of current income <br> consistent with preservation of capital. <br> Maintaining a stable share price is a <br> secondary goal.<br>| Short Term Government Income Trust - <br> Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.70%<sup>\*</sup> | &nbsp;&nbsp; 5.14 | &nbsp;&nbsp; 0.64 | &nbsp;&nbsp; 1.21 |
| To seek a high level of current income <br> consistent with preservation of capital. <br> Maintaining a stable share price is a <br> secondary goal.<br>| Short Term Government Income Trust - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.90%<sup>\*</sup> | &nbsp;&nbsp; 4.95 | &nbsp;&nbsp; 0.43 | &nbsp;&nbsp; 1.01 |
| To seek long-term capital appreciation. | Small Cap Core Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>1.15%<sup>\*</sup> | -0.12 | &nbsp;&nbsp; 6.28 | &nbsp;&nbsp; 5.84 |
| Seeks to approximate the aggregate total <br> return of a small cap U.S. domestic equity <br> market index.<br>| Small Cap Index Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.53%<sup>\*</sup> | 12.25 | &nbsp;&nbsp; 5.66 | &nbsp;&nbsp; 9.18 |
| Seeks to approximate the aggregate total <br> return of a small cap U.S. domestic equity <br> market index.<br>| Small Cap Index Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.73%<sup>\*</sup> | 12.12 | &nbsp;&nbsp; 5.45 | &nbsp;&nbsp; 8.97 |

---

App Table #2

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---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek long-term capital appreciation. | Small Cap Opportunities Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>0.92%<sup>\*</sup> | &nbsp;&nbsp; 9.18 | 10.54 | 10.04 |
| To seek long-term capital appreciation. | Small Cap Opportunities Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>1.12%<sup>\*</sup> | &nbsp;&nbsp; 8.94 | 10.32 | &nbsp;&nbsp; 9.82 |
| To seek long-term capital appreciation. | Small Cap Stock Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>1.13%<sup>\*</sup> | 12.66 | &nbsp;&nbsp; 0.36 | 10.07 |
| To seek long-term capital appreciation. | Small Cap Stock Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>1.33%<sup>\*</sup> | 12.50 | &nbsp;&nbsp; 0.16 | &nbsp;&nbsp; 9.86 |
| To seek long-term growth of capital. | Small Company Value Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.21%<sup>\*</sup> | &nbsp;&nbsp; 7.12 | &nbsp;&nbsp; 5.96 | &nbsp;&nbsp; 8.93 |
| To seek long-term growth of capital. | Small Company Value Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.41%<sup>\*</sup> | &nbsp;&nbsp; 7.00 | &nbsp;&nbsp; 5.77 | &nbsp;&nbsp; 8.72 |
| To seek a high level of current income. | Strategic Income Opportunities Trust - <br> Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.79%<sup>\*</sup> | &nbsp;&nbsp; 7.51 | &nbsp;&nbsp; 1.55 | &nbsp;&nbsp; 3.21 |
| To seek a high level of current income. | Strategic Income Opportunities Trust - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.99%<sup>\*</sup> | &nbsp;&nbsp; 7.22 | &nbsp;&nbsp; 1.34 | &nbsp;&nbsp; 3.00 |
| To seek to track the performance of the <br> Bloomberg U.S. Aggregate Bond Index <br> (the "Bloomberg Index") (which <br> represents the U.S. investment grade bond <br> market).<br>| Total Bond Market Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.50%<sup>\*</sup> | &nbsp;&nbsp; 6.67 | -0.91 | &nbsp;&nbsp; 1.48 |
| Seeks to approximate the aggregate total <br> return of a broad U.S. domestic equity <br> market index.<br>| Total Stock Market Index Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.56%<sup>\*</sup> | 16.63 | 12.36 | 13.67 |

---

App Table #2

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| Seeks to approximate the aggregate total <br> return of a broad U.S. domestic equity <br> market index.<br>| Total Stock Market Index Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.76%<sup>\*</sup> | 16.43 | 12.14 | 13.44 |
| To seek long-term growth of capital. | U.S. Growth Trust - Series I<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.67%<sup>\*</sup> | 20.60 | 11.70 | 17.06 |
| To seek long-term growth of capital. | U.S. Growth Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.87%<sup>\*</sup> <br>| 20.55 | 11.51 | 16.84 |
| The fund seeks a high level of current <br> income consistent with the maintenance <br> of liquidity and the preservation of <br> capital.<br>| Ultra Short Term Bond Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.87%<sup>\*</sup> | &nbsp;&nbsp; 4.02 | &nbsp;&nbsp; 2.27 | &nbsp;&nbsp; 1.75 |

---

*\* This portfolio's annual expenses reflect temporary fee or expense waivers or reimbursements.* 

*\*\* This Portfolio is no longer accepting Purchase Payments.*

**GMWB Rider (Available Individual Investment Options).** If you purchased a Contract with a GMWB Rider, we limit the individual Investment Options to which you may allocate your Contract Value. The currently available individual Investment Options invest in the following Portfolios:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Balanced Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Conservative Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Growth Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Moderate Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Balanced Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Conservative Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Growth Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Moderate Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total Bond Market Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ultra Short Term Bond Trust

**Restricted Individual Investment Options.** The following individual Investment Options, which may have been available when you purchased a GMWB Rider, are currently restricted ("Restricted Options"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• American Asset Allocation Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital Appreciation Value Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Money Market Trust

There may have been additional Investment Options available under Restricted Model Allocations. See Appendix C for more information.

App Table #2

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**Appendix A: Examples of Calculation of Withdrawal Charge** 

(for Ven 20, 22, 24 and Venture<sup>®</sup> 2006 Contracts)

The following examples do not illustrate withdrawal charges applicable to **Ven 7, Ven 8, Ven 9, Ven 3** or **Ven 1** Contracts. The length and duration of these withdrawal charges for these versions of the Contract differs as shown in the Fee Tables.

**Example 1.** Assume a single payment of $50,000 is made into the Contract, no transfers are made, no Additional Purchase Payments are made, there are no withdrawals, and the Payment Enhancement is not elected. The table below illustrates five examples of the withdrawal charges that would be imposed if the Contract is completely withdrawn, based on hypothetical Contract Values. During any Contract Year the free Withdrawal Amount is the greater of accumulated earnings, or 10% of the total payments made under the Contract less any prior withdrawals in that Contract Year.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Contract Year** | **Hypothetical**<br> **Contract Value** | **Payments**<br> **Liquidated** | **Withdrawal Charge** | **Withdrawal Charge** |
| **Contract Year** | **Hypothetical**<br> **Contract Value** | **Payments**<br> **Liquidated** | **Percent** | **Amount** |
| 2 | &nbsp;&nbsp; $55000<br>&nbsp;&nbsp; $5000<sup>1</sup> <br>| &nbsp;&nbsp; $50000 | &nbsp;&nbsp; 6% | &nbsp;&nbsp; $3000 |
| 4 | &nbsp;&nbsp; $50500<br>&nbsp;&nbsp; $5000<sup>2</sup> <br>| &nbsp;&nbsp; $45500 | &nbsp;&nbsp; 5% | &nbsp;&nbsp; $2275 |
| 6 | &nbsp;&nbsp; $60000<br>&nbsp;&nbsp; $10000<sup>3</sup> <br>| &nbsp;&nbsp; $50000 | &nbsp;&nbsp; 3% | &nbsp;&nbsp; $1500 |
| 7 | &nbsp;&nbsp; $35000<br>&nbsp;&nbsp; $5000<sup>4</sup> <br>| &nbsp;&nbsp; $45000<sup>4</sup> <br>| &nbsp;&nbsp; 2% | &nbsp;&nbsp; $900 |
| 8 | &nbsp;&nbsp; $70000<br>&nbsp;&nbsp; $20000<sup>5</sup> <br>| &nbsp;&nbsp; $50000 | &nbsp;&nbsp; 0% | &nbsp;&nbsp; $0 |

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<sup>1</sup>

*In the second Contract Year the earnings under the Contract and 10% of payments both equal $5,000. Consequently, on total withdrawal $5,000 is withdrawn free of the withdrawal charge, the entire $50,000 payment is liquidated and the withdrawal charge is assessed against such liquidated payment (Contract Value less free Withdrawal Amount).* 

<sup>2</sup>

*In the example for the fourth Contract Year, the accumulated earnings of $500 is less than 10% of payments, therefore the free Withdrawal Amount is equal to 10% of payments ($50,000 × 10% = $5,000) and the withdrawal charge is only applied to payments liquidated (Contract Value less free Withdrawal Amount).* 

<sup>3</sup>

*In the example for the sixth Contract Year, the accumulated earnings of $10,000 is greater than 10% of payments ($5,000), therefore the free Withdrawal Amount is equal to the accumulated earnings of $10,000 and the withdrawal charge is applied to the payments liquidated (Contract Value less free Withdrawal Amount).* 

<sup>4</sup>

*In the example for the seventh Contract Year, the Contract has negative accumulated earnings ($35,000 – $50,000), so the free Withdrawal Amount is equal to 10% of payments ($50,000 × 10% = $5,000) and the withdrawal charge is applied to total payments less the free Withdrawal Amount. This calculation only applies to Contracts issued on or after April 1, 2003. For John Hancock USA Contracts issued prior to April 1, 2003 and for any John Hancock New York Contract, the withdrawal charge would be applied to the lesser of the total payments or the Contract Value, less the free Withdrawal Amount. In this example, the payments liquidated would be $30,000 ($35,000 – $5,000).* 

<sup>5</sup>

*There is no withdrawal charge on any payments liquidated that have been in the Contract for at least 7 years.* 

**Example 2.** Assume a single payment of $50,000 is made into the Contract, no transfers are made, no Additional Purchase Payments are made, the Payment Enhancement is not elected, and there are a series of four withdrawals made during the second Contract Year of $2,000, $5,000, $7,000 and $8,000.

The free Withdrawal Amount during any Contract Year is the greater of the Contract Value less the unliquidated payments (accumulated earnings), or 10% of payments less 100% of all prior withdrawals in that Contract Year.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Hypothetical**<br> **Contract Value** | **Withdrawal**<br> **Requested** | **Payments**<br> **Liquidated** | **Withdrawal Charge** | **Withdrawal Charge** |
| **Hypothetical**<br> **Contract Value** | **Withdrawal**<br> **Requested** | **Payments**<br> **Liquidated** | **Percent** | **Amount** |
| $65000 | &nbsp;&nbsp; $2000<br>&nbsp;&nbsp; $15000<sup>1</sup> <br>| &nbsp;&nbsp; $0 | &nbsp;&nbsp; 5% | &nbsp;&nbsp; $0 |
| $49000 | &nbsp;&nbsp; $5000<br>&nbsp;&nbsp; $3000<sup>2</sup> <br>| &nbsp;&nbsp; $2000 | &nbsp;&nbsp; 5% | &nbsp;&nbsp; $100 |
| $52000 | &nbsp;&nbsp; $7000<br>&nbsp;&nbsp; $4000<sup>3</sup> <br>| &nbsp;&nbsp; $3000 | &nbsp;&nbsp; 5% | &nbsp;&nbsp; $150 |
| $44000 | &nbsp;&nbsp; $8000<br>&nbsp;&nbsp; $0<sup>4</sup> <br>| &nbsp;&nbsp; $8000 | &nbsp;&nbsp; 5% | &nbsp;&nbsp; $400 |

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<sup>1</sup>

*For the first example, accumulated earnings of $15,000 is the free Withdrawal Amount since it is greater than 10% of payments less prior withdrawals ($5,000 – 0). The amount requested ($2,000) is less than the free Withdrawal Amount so no payments are liquidated and no withdrawal charge applies.* 

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<sup>2</sup>

*The Contract has negative accumulate earnings ($49,000 – $50,000), so the free Withdrawal Amount is limited to 10% of payments less all prior withdrawals. Since $2,000 has already been withdrawn in the current Contract Year, the remaining free Withdrawal Amount during the third Contract Year is $3,000. The $5,000 withdrawal will consist of $3,000 free of withdrawal charge, and the remaining $2,000 will be subject to a withdrawal charge and result in payments being liquidated. The remaining unliquidated payments are $48,000.* 

<sup>3</sup>

*The Contract has increased in value to $52,000. The unliquidated payments are $48,000 so the accumulated earnings are $4,000, which is greater than 10% of payments less prior withdrawals ($5,000 – $2,000 – $5,000 ˂0). Hence the free withdrawal amount is $4,000. Therefore, $3,000 of the $7,000 withdrawal will be subject to a withdrawal charge and result in payments being liquidated. The remaining unliquidated payments are $45,000.* 

<sup>4</sup>

*The free Withdrawal Amount is zero since the Contract has negative accumulated earnings ($44,000 – $45,000) and the full 10% of payments ($5,000) has already been withdrawn. The full amount of $8,000 will result in payments being liquidated subject to a withdrawal charge. At the beginning of the next Contract Year the full 10% of payments would be available again for withdrawal requests during that year.*

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**Appendix B: Optional Enhanced Death Benefits** 

This Appendix provides a general description of the optional enhanced death benefits that may have been available at the time you purchased a Venture<sup>®</sup> Contract. If you purchased an optional enhanced death benefit Rider, you pay the charge shown in the Fee Tables for that benefit as long as it is in effect.

***You should carefully review your Contract, including any attached Riders, for complete information on benefits, conditions and limitations of any enhanced death benefit Riders applicable to your Contract.*** You should also carefully review "IX. Federal Tax Matters" for information about taxes applicable to optional benefit Riders.

**The following is a list of the various optional enhanced death benefit Riders that you may have had available to you at issue. Not all Riders were available at the same time or in all states.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Guaranteed Earning Multiplier Death Benefit (Not offered in New York or Washington)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Triple Protection Death Benefit (Not offered in New York or Washington)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Enhanced Death Benefit (Ven 7 and Ven 8 Contracts only)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Annual Step-Up Death Benefit (Venture**<sup>®</sup> **2006 Contracts only)** 

**Guaranteed Earnings Multiplier** 

*(Not offered in New York or Washington)* 

Depending on availability, you may have elected the optional Guaranteed Earnings Multiplier benefit for an additional charge of 0.20% of the value of the Variable Investment Options. With this benefit, on the death of any Contract Owner prior to the Maturity Date, John Hancock USA will pay the death benefit otherwise payable under the Contract plus the benefit payable under the Guaranteed Earnings Multiplier. Election of the Guaranteed Earnings Multiplier may only be made at issue, is irrevocable, and it may only be terminated as described below.

Subject to the maximum amount described below, the Guaranteed Earnings Multiplier provides a payment equal to 40% of the appreciation in the Contract Value (as defined below) upon the death of any Contract Owner if the oldest Owner is 69 or younger at issue, and 25% if the oldest Owner is 70 or older at issue.

The appreciation in the Contract Value is defined as the Contract Value less the sum of all Purchase Payments, reduced proportionally by any amount deducted in connection with withdrawals. The death benefit will also be reduced by the amount of any Unpaid Loans under a Contract in the case of certain Qualified Contracts.

If the oldest Owner is 69 or younger at issue, the maximum amount of the Guaranteed Earnings Multiplier benefit is equal to 40% of the sum of all Purchase Payments, less any amounts deducted in connection with withdrawals. If the oldest Owner is 70 or older at issue, the maximum amount of the Guaranteed Earnings Multiplier benefit is equal to 25% of the sum of all Purchase Payments, less any amounts deducted in connection with withdrawals.

The amount deducted in connection with withdrawals will be on a pro rata basis and will be equal to (i) multiplied by (ii) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) is equal to the Guaranteed Earnings Multiplier benefit prior to the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

If the Beneficiary under the Contract is the deceased Owner's Spouse and elects not to take the death benefit as a lump sum, upon the death of any Owner the Contract and Guaranteed Earnings Multiplier will continue with the surviving Spouse as the new Contract Owner. In this case, upon the death of the surviving Spouse prior to the Maturity Date, a second Guaranteed Earnings Multiplier benefit will be paid and the entire interest in the Contract must be distributed to the new Beneficiary.

For purposes of calculating the Guaranteed Earnings Multiplier benefit payable on the death of the surviving Spouse, the Guaranteed Earnings Multiplier benefit will be equal to zero on the date of the first Contract Owner's death and the death benefit payable upon the first Contract Owner's death will be treated as a Purchase Payment. In addition, all Purchase Payments made, and all amounts deducted in connection with withdrawals prior to the date of the first Contract Owner's death, will not be considered in determining the Guaranteed Earnings Multiplier benefit.

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*Termination of the Guaranteed Earnings Multiplier* 

Guaranteed Earnings Multiplier will terminate upon the earliest to occur of: (a) the date the Contract terminates; (b) the Maturity Date; or (c) the date on which the Guaranteed Earnings Multiplier benefit is paid. However, as noted in the paragraph above, if the deceased Owner's Spouse is the Beneficiary, the Spouse may elect to continue the Contract (including Guaranteed Earnings Multiplier) as the new Owner.

*Guaranteed Earnings Multiplier Fee* 

A daily charge at an annual effective rate of 0.20% of the value of each Variable Investment Option is deducted from each Subaccount for the Guaranteed Earnings Multiplier.

**The election of Guaranteed Earnings Multiplier on a Contract may not always be in your interest since an additional fee is imposed for this benefit.** 

**Example 1:** Assume you purchased a Contract with the Enhanced Earnings Death Benefit when you were 65. Also assume a single Purchase Premium of $100,000 and a Contract Value of $150,000 and no withdrawals. The Enhanced Earnings Death Benefit would provide an additional payment of $20,000 (($150,000 - $100,000) × 0.40).

**Example 2:** Assume the same scenario as above, but with a $15,000 withdrawal. In this case, the Enhanced Earnings Death Benefit is reduced pro rata by the withdrawal. The Enhanced Earnings Death Benefit of $20,000 above would be reduced by $2,000 ($20,000 × ($15,000/$150,000)).

**Triple Protection Death Benefit** 

*(Not offered in New York or Washington)* 

Depending on availability, you may have elected the Triple Protection Death Benefit, which provides a death benefit upon the death of any Owner prior to the Maturity Date. Under Triple Protection Death Benefit, no death benefit is payable on the death of any Annuitant, except that if any Contract Owner is not a natural person, the death of any Annuitant will be treated as the death of an Owner. This benefit was available for Contracts issued between December 2003 and December 2004.

Once the Triple Protection Death Benefit is elected, it is irrevocable. If the Triple Protection Death Benefit is elected, the death benefit paid under the Triple Protection Death Benefit replaces any death benefit paid under the terms of the Contract. An additional annual fee of 0.50% (as a percentage of the Triple Protection Death Benefit) is imposed for the Triple Protection Death Benefit (see "Triple Protection Death Benefit Fee" below). Once the Triple Protection Death Benefit is elected, the Owner may only be changed to an individual that is the same age or younger than the oldest current Owner.

The death benefit paid under the Triple Protection Death Benefit is determined as of the date on which written notice and proof of death and all required forms are received in good order at our Annuities Service Center. The amount of the Triple Protection Death Benefit is equal to the "'Enhanced Earnings Death Benefit' Factor"\* plus the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Return of Purchase Payments Death Benefit Factor\*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Annual Step-Up Death Benefit Factor\*; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Graded Death Benefit Factor\*. <br>(\*defined below)

**We may offer other optional Riders whose benefits and the names of such benefits are similar to the Triple Protection Death Benefit Factor. These other optional Riders are separate and distinct from the Triple Protection Death Benefit Factor; they contain separate optional Rider charges and their benefits and limitations may be different.** 

If there is any Debt under the Contract, the Triple Protection Death Benefit equals the amount described above less the Debt amount.

If the Beneficiary is the deceased Owner's Spouse, and the Triple Protection Death Benefit is not taken in one sum immediately, the Contract and the Triple Protection Death Benefit Rider will continue with the surviving Spouse as the new Owner. Upon the death of the surviving Spouse prior to the Maturity Date, a second Triple Protection Death Benefit will be paid and the entire interest in the Contract must be distributed to the new Beneficiary in accordance with the provisions of the Contract.

------

For purposes of calculating the second Triple Protection Death Benefit, payable upon the death of the surviving Spouse:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Triple Protection Death Benefit paid upon the first Owner's death ("first Triple Protection Death Benefit") is not treated as a Purchase Payment to the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In determining the "Enhanced Earnings Death Benefit" Factor (see "'Enhanced Earnings Death Benefit' Factor" below), on the date the first Triple Protection Death Benefit was paid, the Earnings Basis is reset to equal the first Triple Protection Death Benefit. The Earnings Basis will be increased for any Purchase Payments made and decreased for any Withdrawal Reductions in connection with withdrawals taken after the date the first Triple Protection Death Benefit was paid. All Purchase Payments made and all amounts deducted in connection with withdrawals prior to the date the first Triple Protection Death Benefit was paid will not be considered in the determination of the "Enhanced Earnings Death Benefit" Factor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In determining other elements of the death benefit calculation (described above as (b) the Return of Purchase Payments Death Benefit Factor; (c) the Annual Step-Up Death Benefit Factor; and (d) the Graded Death Benefit Factor), all Purchase Payments and all withdrawals before and after the date the first Triple Protection Death Benefit was paid will be considered.

**Return of Purchase Payments Death Benefit Factor.** For purposes of the Triple Protection Death Benefit, the Return of Purchase Payments Death Benefit Factor is equal to the sum of all Purchase Payments made less the sum of all Withdrawal Reductions in connection with withdrawals (see "Withdrawal Reductions" below).

**"Enhanced Earnings Death Benefit" Factor.** For purposes of the Triple Protection Death Benefit, the "Enhanced Earnings Death Benefit" Factor is equal to 50% multiplied by Earnings, as defined under the "Enhanced Earnings Death Benefit" Factor calculation of the Triple Protection Death Benefit Rider. For purposes of the "Enhanced Earnings Death Benefit" Factor calculation, Earnings are equal to the Contract Value minus the Earnings Basis. The Earnings Basis is equal to 150% of each Purchase Payment made less the sum of all Withdrawal Reductions in connection with withdrawals (see "Example" and "Withdrawal Reductions" below).

The Maximum "Enhanced Earnings Death Benefit" Factor is equal to 100% of the Earnings Basis.

**Example.** Assume you make a single Purchase Payment of $100,000 into the Contract, you make no Additional Purchase Payments and you take no withdrawals. Also assume the Contract Value is equal to $175,000 on the date we determine the Triple Protection Death Benefit. Based on these assumptions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The "Earnings Basis" is equal to 150% of $100,000, or $150,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Earnings" are equal to $175,000 minus $150,000, or $25,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The "Enhanced Earnings Death Benefit" Factor is equal to 50% of $25,000, or $12,500.

**Note that for purposes of the Triple Protection Death Benefit, "Earnings" will always be *<u>less</u>* than the excess of Contract Value over Purchase Payments. In this example, "Earnings" are less than $75,000 (or $175,000 minus $100,000).** 

**Annual Step-Up Death Benefit Factor.** For purposes of the Triple Protection Death Benefit, the Annual Step-Up Death Benefit Factor is equal to the greatest Anniversary Value since the effective date of the Triple Protection Death Benefit Rider but prior to the oldest Owner's turning age 81. The Anniversary Value is equal to the Contract Value on a Contract Anniversary increased by all Purchase Payments made, less Withdrawal Reductions in connection with withdrawals since that Contract Anniversary (see "Withdrawal Reductions" below).

**Graded Death Benefit Factor.** For purposes of the Triple Protection Death Benefit, the Graded Death Benefit Factor is equal to (1) minus (2) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. is equal to the sum of each Purchase Payment multiplied by the applicable Payment Multiplier obtained from the table below:

---

| | |
|:---|:---|
| **Number of Complete Years**<br> **Payment has been in Contract**<br>| **Payment Multiplier\*** |
| 0 | &nbsp;&nbsp; 100% |
| 1 | &nbsp;&nbsp; 110% |
| 2 | &nbsp;&nbsp; 120% |
| 3 | &nbsp;&nbsp; 130% |

---

------

---

| | |
|:---|:---|
| **Number of Complete Years**<br> **Payment has been in Contract**<br>| **Payment Multiplier\*** |
| 4 | &nbsp;&nbsp; 140% |
| 5 | &nbsp;&nbsp; 150% |

---

*\*If a Purchase Payment is received on or after the oldest Owner's 71st birthday, the Payment Multiplier equals 100% in all years.* ***Thus, for Purchase Payments made on or after the oldest Owner reaches age 71, the benefit provided by the Graded Death Benefit Factor is equal to the benefit provided by the Return of Purchase Payments Death Benefit Factor.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. is equal to the sum of Withdrawal Reductions in connection with withdrawals taken. Withdrawal Reductions are recalculated each time the Graded Death Benefit Factor is recalculated, based on Purchase Payment and withdrawal history.

The Graded Death Benefit Factor will never be greater than Purchase Payments less the sum of all Withdrawal Reductions in connection with withdrawals taken plus $250,000.

**Example:** Assume you purchased a Contract with the Accelerated Beneficiary Protection Death Benefit when you were 65. Assuming a single Purchase Payment of $100,000 made two years ago, two previous Anniversary Values of $110,000 and $120,000, Contract Value of $175,000 and no withdrawals, the various factors making up the Accelerated Beneficiary Protection Death Benefit are calculated as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return of Purchase Payments Death Benefit Factor: $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Earnings Death Benefit Factor: $12,500

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Earnings Basis is equal to 150% of $100,000, or $150,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Earnings" are equal to $175,000 minus $150,000, or $25,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The "Enhanced Earnings Death Benefit" Factor is equal to 50% of $25,000, or $12,500

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annual Step-Up Death Benefit Factor: $120,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Graded Death Benefit Factor: $120,000

In this scenario, the Accelerated Beneficiary Protection Death Benefit is calculated as $175,000 (Contract Value) + $12,500, or $187,500.

**Withdrawal Reductions.** If total withdrawals taken during a Contract Year are less than or equal to 5% of total Purchase Payments (the "Annual Withdrawal Limit"), then the Withdrawal Reductions reduce the appropriate value by the dollar amount of each withdrawal. Otherwise, Withdrawal Reductions reduce the appropriate value by the percentage reduction in the Contract Value attributed to the amount of each withdrawal.

The guaranteed death benefits provided by Triple Protection Death Benefit are adjusted at the point of each withdrawal but may be recalculated if subsequent withdrawals are taken within the same Contract Year. For example, if a withdrawal causes total withdrawals taken during that Contract Year to exceed 5% the Annual Withdrawal Limit, then all previous Withdrawal Reductions in that Contract Year will be recalculated and will reduce the appropriate value proportionally. If a subsequent Purchase Payment is made, then the Annual Withdrawal Limit will increase potentially resulting in a recalculation of previous Withdrawal Reductions within the same Contract Year.

*Investment Options* 

**We reserve the right to restrict Investment Options at any time. We will notify the Owner in writing at least 30 days prior to restricting an Investment Option.** If we restrict an Investment Option, you may not be able to transfer or allocate Contract Value or Purchase Payments to the restricted Investment Option after the date of the restriction. Any amounts previously allocated to an Investment Option that is subsequently restricted will be unaffected by such restriction. Any amount previously allocated to Fixed Investment Options may be renewed subject to the terms of the Contract.

At the current time, there are no additional Investment Option restrictions imposed when the Triple Protection Death Benefit Rider is chosen.

------

*Termination of Triple Protection Death Benefit Rider* 

The Owner may not terminate the Triple Protection Death Benefit Rider. However, the Triple Protection Death Benefit will terminate automatically upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Contract terminates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Maturity Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the later of the date on which the Triple Protection Death Benefit is paid, or the date on which the second Triple Protection Death Benefit is paid, if the Contract and the Triple Protection Death Benefit Rider are continued by the surviving Spouse after the death of the original Owner.

*Triple Protection Death Benefit Fee* 

Prior to termination of the Triple Protection Death Benefit Rider, on each Contract Anniversary, the Triple Protection Death Benefit fee is calculated by multiplying 0.50% by the Triple Protection Death Benefit payable had death occurred on that Contract Anniversary. On each Contract Anniversary, the Triple Protection Death Benefit fee is withdrawn from each Investment Option in the same proportion that the value of the Investment Account of each Investment Option bears to the Contract Value.

If there is a total withdrawal on any date other than a Contract Anniversary, we will deduct a pro rata portion of the Triple Protection Death Benefit fee from the amount paid upon withdrawal. The Triple Protection Death Benefit fee will be determined based on the Triple Protection Death Benefit that would have been payable had death occurred immediately prior to the total withdrawal. For purposes of determining the Triple Protection Death Benefit fee, the commencement of annuity payments shall be treated as a total withdrawal.

**Enhanced Death Benefit** 

An Enhanced Death Benefit was available for certain **Ven 7** and **Ven 8** Contracts. If you purchased this optional benefit Rider, we "step up" the minimum death benefit each Contract Year instead of over the six Contract Year period described in the "Death Benefit During Accumulation Period" section of the Prospectus. In addition, if the Annuitant dies after the first of the month following his or her 85<sup>th</sup> birthday, the death benefit during the Accumulation Period is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the total amount of Purchase Payments less any amounts deducted in connection with withdrawals.

If you purchased this optional benefit, you paid the greater of: (i) at least 10% of all Purchase Payments made to the Contract through the date the Enhanced Benefit first became available in the state where your Contract was issued; or (ii) $10,000.

This Enhanced Death Benefit became available for **Ven 7** and **Ven 8** Contracts issued:

---

| | |
|:---|:---|
| **After:** | **In the states of:** |
| August 15, 1994 | &nbsp;&nbsp; Florida, Maryland and <br> Washington<br>|
| October 3, 1994 | &nbsp;&nbsp; Idaho, New Jersey and <br> Oregon<br>|
| January 3, 1995 | California |

---

This Enhanced Death Benefit was also available for Contracts issued prior to August 15, 1994. Contracts with a Contract Date prior to the date the Enhanced Death Benefit first became available in the state of issue may also have been exchanged for a new Contract which provides for an alternative enhanced death benefit.

**Example:** Assume you purchased a Contract with the Enhanced Death Benefit with a single Purchase Payment of $100,000 when you were 55 years old on May 1, 1994. Assuming no withdrawals or payments and the Anniversary Values in the chart below, the Guaranteed Minimum Death Benefit (GMDB) on May 1, 2006 would be $122,000. The chart also shows what the Minimum Death Benefit would be on that date if the Contract did not have the Enhanced Death Benefit.

------

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Anniversary Values** | **Minimum Death Benefit** | **Enhanced Death Benefit** |
| May 1, 1994 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 |
| May 1, 1995 | &nbsp;&nbsp; $97000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 |
| May 1, 1996 | &nbsp;&nbsp; $106000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $106000 |
| May 1, 1997 | &nbsp;&nbsp; $109000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $109000 |
| May 1, 1998 | &nbsp;&nbsp; $114000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $114000 |
| May 1, 1999 | &nbsp;&nbsp; $104000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $114000 |
| May 1, 2000 | &nbsp;&nbsp; $101000 | &nbsp;&nbsp; $101000 | &nbsp;&nbsp; $114000 |
| May 1, 2001 | &nbsp;&nbsp; $106000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $114000 |
| May 1, 2002 | &nbsp;&nbsp; $113000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $114000 |
| May 1, 2003 | &nbsp;&nbsp; $115000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $115000 |
| May 1, 2004 | &nbsp;&nbsp; $119000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $119000 |
| May 1, 2005 | &nbsp;&nbsp; $122000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $122000 |
| May 1, 2006 | &nbsp;&nbsp; $118000 | &nbsp;&nbsp; $118000 | &nbsp;&nbsp; $122000 |

---

**Annual Step-Up Death Benefit** 

You may have elected the optional Annual Step-Up Death Benefit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• for an additional charge of 0.20% of the value of the Variable Investment Options;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as long as you met our issue age requirements (see below); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• for Contracts issued in February 2009 and later, if the Contract was not intended to be used with an IRA you inherited from someone else (sometimes referred to as a "Beneficiary IRA"), unless you are the Spouse of the decedent and own the IRA in your own name.

For Contracts issued after June 2010 (dates may vary by state), the Annual Step-Up Death Benefit was only available if you (and every joint Owner) were under age 75 when we issued the Contract.

For all Contracts issued prior to June 2010 (dates may vary by state), the Annual Step-Up Death Benefit was available only if you (and every joint Owner) were under age 80 when we issued the Contract.

The Annual Step-Up Death Benefit was only available at Contract issue and cannot be revoked once elected.

*Rider Benefit* 

The amount of the death benefit for the Annual Step-Up Death Benefit is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the death benefit described under "Death Benefit During Accumulation Period"; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Annual Step-Up Death Benefit.

For Contracts issued after June 2010 (dates may vary by state), the Annual Step-Up Death Benefit is the highest Anniversary Value that may be achieved before you (or any joint Owner) reach 75 years old.

For all Contracts issued prior to June 2010 (dates may vary by state), the Annual Step-Up Death Benefit is the highest Anniversary Value that may be achieved before you (or any joint Owner) reach 81 years old.

**Anniversary Value.** For purposes of the Rider, the greatest Anniversary Value is equal to the Contract Value on each Contract Anniversary, plus any subsequent Purchase Payments, less any amounts deducted in connection with withdrawals since the Contract Anniversary. The amount deducted in connection with withdrawals will be on a pro rata basis and will be equal to (a) multiplied by (b) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is equal to the Annual Step-Up Death Benefit prior to the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is equal to the Withdrawal Amount divided by the Contract Value prior to the withdrawal.

**Additional Purchase Payments.** Additional Purchase Payments, up to specified limits, can increase amounts guaranteed under the Annual Step-Up Death Benefit Rider. Our restrictions on Additional Purchase Payments, however, may prevent you from increasing the death benefit under your Contract based on Additional Purchase Payments, and may also prevent you from increasing the amounts we guarantee under an Annual Step-Up Death Benefit Rider.

------

**Continuation of Rider upon Death of Owner.** If the Beneficiary under the Contract is the Contract Owner's surviving Spouse and elects to continue the Contract, the Contract and the Annual Step-Up Death Benefit will continue with the surviving Spouse as the new Contract Owner, subject to our issue age rules. For purposes of calculating the Annual Step-Up Death Benefit payable upon the death of the surviving Spouse, the death benefit paid upon the first Owner's death will be treated as a payment to the Contract. In addition, all payments made and all amounts deducted in connection with withdrawals prior to the date the first death benefit is paid will be excluded from consideration in determining the Annual Step-Up Death Benefit. In determination of the Annual Step-Up Death Benefit, the Anniversary Values for all prior Contract Anniversaries are set to zero as of the date the first death benefit is paid.

**Example:** Assume you purchased a Contract with the Annual Step-Up Death Benefit with a single Purchase Payment of $100,000 when you were 55 years old on May 1, 2006. Assuming no withdrawals or payments and the Anniversary Values in the chart below, the Guaranteed Minimum Death Benefit (GMDB) on May 1, 2018 would be $122,000. The chart also shows what the Minimum Death Benefit would be on that date if the Contract did not have the Annual Step-Up Death Benefit.

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Anniversary Values** | **Minimum Death Benefit** | **Annual Step-Up Death Benefit** |
| May 1, 2006 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 |
| May 1, 2007 | &nbsp;&nbsp; $97000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $100000 |
| May 1, 2008 | &nbsp;&nbsp; $106000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $106000 |
| May 1, 2009 | &nbsp;&nbsp; $109000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $109000 |
| May 1, 2010 | &nbsp;&nbsp; $114000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $114000 |
| May 1, 2011 | &nbsp;&nbsp; $104000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $114000 |
| May 1, 2012 | &nbsp;&nbsp; $101000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $114000 |
| May 1, 2013 | &nbsp;&nbsp; $106000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $114000 |
| May 1, 2014 | &nbsp;&nbsp; $113000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $114000 |
| May 1, 2015 | &nbsp;&nbsp; $115000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $115000 |
| May 1, 2016 | &nbsp;&nbsp; $119000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $119000 |
| May 1, 2017 | &nbsp;&nbsp; $122000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $122000 |
| May 1, 2018 | &nbsp;&nbsp; $118000 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $122000 |

---

*Termination of the Optional Annual Step-Up Death Benefit* 

The Annual Step-Up Death Benefit will terminate upon the earliest to occur of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the date the Contract terminates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Maturity Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the date on which the Annual Step-Up Death Benefit is paid; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *(for Contracts issued on or after June 18, 2010 (dates may vary by state))* the date the Owner is changed or the Contract is assigned, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the new Owner is a guardian, a custodian or a trust established for the sole benefit of the previous Owner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the new Owner is an individual and the previous Owner was a guardian, a custodian or a trust established for the sole benefit of that individual; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the change is from one guardian, custodian or trust established for the sole benefit of an individual to another guardian, custodian or trust established for the sole benefit of that individual; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Ownership is transferred to the Owner's Spouse following the death of the Owner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the Contract is assigned to a guardian, a custodian or a trust established for the sole benefit of the previous Owner; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the assignment is for purposes of a tax qualified exchange.

*Annual Step-Up Death Benefit Fee* 

A daily charge in an amount equal to 0.20% of the value of each variable Investment Account on an annual basis is deducted from each Subaccount for the Annual Step-Up Death Benefit.

------

*Qualified Plans* 

If you use your Contract in connection with a Qualified Plan, including an IRA, you should consider the effects that the death benefit provided under the Contract (with or without Annual Step-Up Death Benefit) may have on your plan. Please consult your own qualified tax professional. Federal tax law may limit the period over which the death benefit can be paid when the Beneficiary is not your surviving spouse.

The Annual Step-Up Death Benefit may not always be in your interest since an additional fee is imposed for this benefit <br> and we provide no assurance that investment performance will be sufficient to result in an increased death benefit.<br>

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**Appendix C: Optional Guaranteed Minimum Withdrawal Benefits** 

This Appendix describes the following optional guaranteed minimum withdrawal benefit ("GMWB") Riders that may be part of a previously issued Contract:

**Income Plus For Life**<sup>®</sup> **Series Riders:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *1.11 Series:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> 1.11

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> 1.11

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *5.09 Series:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> 5.09

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> 5.09

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *12.08 Series:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> 12.08

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> 12.08

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review) Series* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review) Series\** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> (Annual Step-Up Review)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review)

*\**

*The Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review) Series Riders were previously referred to as "Income Plus For Life*<sup>®</sup>*" and "Income Plus For Life – Joint Life*<sup>®</sup>*."* 

**Principal Plus for Life Series Riders** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus for Life

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus for Life *Plus* Automatic Annual Step-Up

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus for Life *Plus* Spousal Protection

**Principal Plus Rider** 

**Principal Returns Rider** 

These optional GMWB Riders are no longer available to be added to your Contract. If you purchased any of these Riders, you pay the charge shown in the Fee Tables for that benefit as long as it is in effect. These Riders were not available at all times we offered a Contract, nor were they available in all states. Where they were available, we only permitted one GMWB Rider to be purchased per Contract. *You should review your Contract carefully to determine which of these optional benefit Riders, if any, you purchased.* These Riders cannot be revoked once elected.

We describe a different type of optional benefit Rider, known as a "Guaranteed Minimum Income Benefit Rider," in Appendix D.

**General Information about Guaranteed Minimum Withdrawal Benefit Riders** 

This section of the Appendix provides general information about our GMWB Riders. We provide specific information about each GMWB Rider's features in the sections that follow.

------

*Forms of Guaranteed Amounts* 

Our GMWB Riders provide two different types of benefits:

**Lifetime Income Amount.** This type of benefit provides a guarantee of a minimum amount available for annual withdrawals for the duration of a single lifetime, or for the duration of two ("joint") lifetimes. Lifetime Income Amount guarantees begin on a Lifetime Income Date.

**Guaranteed Withdrawal Amount.** This type of benefit provides a guarantee of a minimum amount available for annual withdrawals that will last for a period of time measured by a Benefit Base (sometimes referred to as a "Guaranteed Withdrawal Balance"). Initial Guaranteed Withdrawal Amounts are generally determined on the date you purchase a Rider, but may be increased if you defer taking withdrawals and decreased if you take Excess Withdrawals.

The Rider you purchased may provide either a Lifetime Income Amount or a Guaranteed Withdrawal Amount or both types of benefits. We describe the types of benefits for each Rider in the Features section of this Appendix.

*Covered Person(s)* 

Please review the "Features" section of the applicable Rider to determine if the Rider provides a lifetime income guarantee and, if so, whether it can be based on a single life or on joint lives.

**Single Life Guarantee.** For Riders that provide a lifetime income guarantee based on the life of a single Covered Person, the Covered Person is the oldest Owner at issue of the Rider. We may have waived the requirement of Contract ownership and permitted you to designate a Covered Person who is an Annuitant in situations where the Owner is not the Annuitant.

EXAMPLE: We permit the Annuitant to be a Covered Person if a custodial account owns a Qualified Contract for the benefit of an Annuitant.

The Covered Person must remain an Owner (or an Annuitant, subject to our underwriting rules) to receive benefits under the Rider.

**Joint Life Guarantee.** For Riders that provide a lifetime income guarantee based on the lifetime durations of two Covered Persons, we determined the Covered Persons at the time you elected the Rider. A spouse may need to qualify as a "spouse" under state law (a "Spouse") to be treated as a Covered Person under the Contract.

For Riders issued with Nonqualified Contracts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• both Spouses must be named as co-Owners of the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if only one Spouse is named as an Owner of the Contract (or Annuitant if the Owner is a non-natural person), the other Spouse must be designated as the Beneficiary of the Contract.

For Riders issued with Qualified Contracts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• one Spouse must be named as the Owner (or Annuitant if the Owner is a non-natural person); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Owner's Spouse must be the designated Beneficiary.

A Covered Person will no longer qualify as such (i.e., that Covered Person will be removed from the Rider) if that person is no longer designated as an Owner, co-Owner, Annuitant, co-Annuitant or Beneficiary as required above. In the event that you and your Spouse become divorced after you purchased the Rider, you may not add a new Spouse as a Covered Person. If you remove your Spouse as an Owner, Beneficiary or Annuitant, that person will no longer be a Covered Person under the Rider (see "Impact of Divorce" in "VII. Description of the Contract – Accumulation Period Provisions" for additional information on the impact of divorce). You may lose benefits under the Rider if a Covered Person is removed from the Rider.

*Availability of Guaranteed Minimum Withdrawal Benefit Riders* 

You could have elected a GMWB Rider at the time you purchased a Contract. Once you elected a GMWB Rider, its effective date usually is the Contract Date (unless we permitted otherwise) and it is irrevocable. We charge an additional fee for each Rider that differs by Rider.

Changes to the Owner, Annuitant or Beneficiary designations after the Rider is issued may reduce, limit, or terminate <br> benefits available under the Rider.<br>

------

*Rider Fees* 

We charge an additional fee on each Contract Anniversary for a GMWB Rider, and reserve the right to increase the fee on the effective date of each Step-Up in the benefits under that Rider. We withdraw the amount of the fee from each Investment Option in the same proportion that the value of Investment Accounts of each Investment Option bears to the Contract Value. We deduct the pro rata share of the annual fee from the Contract Value:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• on the date we determine the death benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the Annuity Commencement Date at the time an Annuity Option begins; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• at full surrender of the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• depending on the Rider, on the date an Excess Withdrawal reduces the Contract Value to zero.

We do not deduct any additional Rider fee during the Settlement Phase or after the Annuity Commencement Date once an Annuity Option begins.

**Fee for Income Plus For Life**<sup>®</sup> **1.11 Series Riders.** The current fee is equal to 1.00% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by the amount of any Additional Purchase Payments that we applied to the Benefit Base during the Contract Year prior to the current Contract Anniversary*. We reserve the right to change either the Income Plus For Life*<sup>®</sup> *1.11 or Income Plus For Life – Joint Life*<sup>®</sup> *1.11 fee on the effective date of each Step-Up. In such a situation, neither fee will ever exceed 1.20%*.

**Fee for Income Plus For Life**<sup>®</sup> **5.09 Series Riders.** The current fee is equal to 0.90% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by the amount of any Additional Purchase Payments that we applied to the Benefit Base during the Contract Year prior to the current Contract Anniversary. *We reserve the right to change either the Income Plus For Life*<sup>®</sup> *5.09 or Income Plus For Life – Joint Life*<sup>®</sup> *5.09 fee on the effective date of each Step-Up. In such a situation, neither fee will ever exceed 1.20%.* 

**Fee for Income Plus For Life**<sup>®</sup> **12.08 Series Riders.** The fee is equal to 0.85% of the Adjusted Benefit Base for Contracts issued outside of New York, and 0.80% for Contracts issued in New York. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by the amount of any Additional Purchase Payments that we applied to the Benefit Base during the Contract Year prior to the current Contract Anniversary. *We reserve the right to change either the Income Plus For Life*<sup>®</sup> *12.08 or Income Plus For Life – Joint Life*<sup>®</sup> *12.08 fee on the effective date of each Step-Up. In such a situation, neither fee will ever exceed 1.20%*.

**Fee for Income Plus For Life**<sup>®</sup> **(Quarterly Step-Up Review) Series Riders.** The fee is equal to 0.75% of the Adjusted Benefit Base for Contracts issued outside of New York, and 0.70% for Contracts issued in New York. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by the amount of any Additional Purchase Payments that we applied to the Benefit Base during the Contract Year prior to the current Contract Anniversary. *We reserve the right to change either the Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review) or Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review) fee on the effective date of each Step-Up. In such a situation, neither fee will ever exceed 1.20%*.

**Fee for Income Plus For Life**<sup>®</sup> **(Annual Step-Up Review) Series Riders.** The fee is equal to 0.60% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by the amount of any Additional Purchase Payments that we applied to the Benefit Base during the Contract Year prior to the current Contract Anniversary. *We reserve the right to change the Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review) or Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review) fee on the effective date of each Step-Up. In such a situation, neither fee will ever exceed 1.20%*.

**Fee for Principal Plus for Life.** The fee is equal to 0.40% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Anniversary) increased by the amount of any Credit or Additional Purchase Payment made during the Contract Year prior to the current Contract Anniversary. The Rider refers to the Adjusted Benefit Base as the "Adjusted Guaranteed Withdrawal Balance." *We reserve the right to change the Principal Plus for Life fee on the effective date of each Step-Up. In such a situation, the Principal Plus for Life fee will never exceed 0.75%*.

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**Fee for Principal Plus for Life *Plus* Automatic Annual Step-Up.** The current fee is equal to 0.70% of the Adjusted Benefit Base. The fee for Riders purchased December 15, 2008 through April 30, 2009 is 0.70% of the Adjusted Benefit Base. The fee for Riders purchased June 16, 2008 through December 12, 2008 is 0.55% of the Adjusted Benefit Base. The fee for Riders purchased prior to June 16, 2008 is 0.60% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by the amount of any Credit or Additional Purchase Payment made during the Contract Year prior to the current Contract Anniversary. The Rider refers to the Adjusted Benefit Base as the "Adjusted Guaranteed Withdrawal Balance." *We reserve the right to change the Principal Plus for Life Plus Automatic Annual Step-Up Rider fee on the effective date of each Step-Up. In such a situation, the Principal Plus for Life Plus Automatic Annual Step-Up Rider fee will never exceed 1.20%*.

**Fee for Principal Plus for Life *Plus* Spousal Protection.** The fee is equal to 0.65% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by any the amount of Credit or Additional Purchase Payment made during the Contract Year prior to the current Contract Anniversary. The Rider refers to the Adjusted Benefit Base as the "Adjusted Guaranteed Withdrawal Balance." *We reserve the right to change the Principal Plus for Life Plus Spousal Protection Rider fee on the effective date of each Step-Up. In such a situation, the Principal Plus for Life Plus Spousal Protection Rider fee will never exceed 1.20%.* 

**Fee for Principal Plus.** The fee is equal to 0.30% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary adjusted by the amount of any Step-Up, Credit or Additional Purchase Payment made during the Contract Year prior to the current Contract Anniversary. The Rider refers to the Adjusted Benefit Base as the "Adjusted Guaranteed Withdrawal Balance." *We reserve the right to change the Principal Plus fee on the effective date of each Step-Up. In such a situation, the Principal Plus fee will never exceed 0.75%.* 

**Fee for Principal Returns.** The fee is equal to 0.50% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by the amount of any Additional Purchase Payment made during the Contract Year prior to the current Contract Anniversary. The Rider refers to the Adjusted Benefit Base as the "Adjusted Guaranteed Withdrawal Balance." *We reserve the right to change the Principal Returns fee on the effective date of each Step-Up. In such a situation, the Principal Returns fee will never exceed 0.95%*.

If we decide to increase the rate of a Rider fee at the time of a Step-Up, you will receive advance notice and be given the <br> opportunity of no less than 30 days to decline the Step-Up. If you decline a scheduled Step-Up, we will not increase the <br> Rider fee at that time. You will have the option to elect a Step-Up within 30 days of subsequent Step-Up Dates. If you <br> decide to step-up a guaranteed amount at that time, we will thereafter resume automatic Step-Ups on each succeeding Step-<br> Up Date.<br>

*Restrictions on Additional Purchase Payments* 

If you purchased a GMWB Rider, we restrict your ability to make Additional Purchase Payments to the Contract without our prior approval.

**Restrictions on Additional Purchase Payments for Nonqualified Contracts.** If we issued your Contract not in connection with an IRA or other Qualified Plan, we will not accept, without our prior approval:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in states other than OR and NJ)* any Additional Purchase Payment after the first Contract Anniversary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in OR or NJ)* any Additional Purchase Payment after the first Contract Anniversary following the Rider Date if your total Additional Purchase Payments after the first Contract Anniversary exceed $100,000.

**Restrictions on Additional Purchase Payments for Qualified Contracts.** If we issued your Contract in connection with a Qualified Plan, including an IRA, we will not accept, without our prior approval:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in states other than OR and NJ)* Additional Purchase Payments on and after the Age 65 Contract Anniversary (or after the first Contract Anniversary if we issued your Contract after you became Age 64);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in OR or NJ)* Additional Purchase Payments on and after the Age 65 Contract Anniversary (or after the first Contract Anniversary if we issued your Contract after you became Age 64), if your total payments after the first Contract Anniversary exceed $100,000; but

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(all Contracts)* any Purchase Payment after the oldest Covered Person becomes age 81.

For Contracts issued with *Principal Plus*, we reserve the right to apply the Nonqualified Contract Additional Purchase Payment Restrictions to Qualified Contracts.

Additional Purchase Payments for both Nonqualified Contracts and Qualified Contracts are also subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment, without our approval, if your Contract Value exceeds $1 million at the time of payment or if the Additional Purchase Payment would cause your Contract Value to exceed $1 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment during a Rider's Settlement Phase (see "Settlement Phase" below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other limitations on Additional Purchase Payments may vary by state.

You should consult with a qualified tax professional regarding your GMWB Rider for further information on tax rules affecting Qualified Contracts, including IRAs.

**Approval of Additional Purchase Payments through Automatic Withdrawals from Bank Accounts and Payroll Deduction Plans.** We will continue to accept Additional Purchase Payments under the terms of your Contract and GMWB Rider when made in connection with an automatic withdrawal program from your bank account, brokerage account or other account you hold at a similar financial institution ("Financial Account Plan") or in connection with a payroll deduction plan ("Payroll Plan") if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Financial Account Plan or Payroll Plan was in effect prior to May 4, 2012,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no automatic withdrawal program from your Contract is in effect, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Rider is not in the Settlement Phase.

Additional Purchase Payments will be subject to our prior approval, however, if any of the following apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you make the payment under a Bank Plan and it exceeds the amount authorized on May 4, 2012 to be withdrawn periodically from your bank account and paid to us as an Additional Purchase Payment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value exceeds $1 million at the time of payment, under either a Bank Plan or Payroll Plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value is less than $1 million and the Additional Purchase Payment under either a Bank Plan or Payroll Plan would cause your Contract Value to exceed $1 million; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Qualified Contracts)* you make the payment after the later of the first Contract Anniversary following the Rider Date or the Age 65 Contract Anniversary and your total payments after the first Contract Anniversary exceed $100,000.

For Qualified Contracts, we will not accept an Additional Purchase Payment under a Bank Plan or Payroll Plan after the oldest Covered Person becomes age 81.

**Approval of Additional Purchase Payment to Prevent Cancellation of Contracts.** If (where permitted by state law) we intend to cancel a Contract at the end of any two consecutive Contract Years (three for Contracts issued in New York) in which no Purchase Payments have been made, we will mail notice to you at your last known address to allow you to make the necessary Additional Purchase Payment to keep your Contract in force.

**Approval of Other Additional Purchase Payments.** There may be circumstances other than as described above where we may approve Additional Purchase Payments for Contracts with GMWB Riders. We may modify, suspend, waive or terminate our restrictions on Additional Purchase Payments at any time. For further information, contact your financial representative or our Annuities Service Center.

**Impact of Additional Purchase Payment Restrictions on Increases in Guaranteed Amounts.** The restrictions on Additional Purchase Payments described above may prevent you from increasing the amount of any Credits or Step-Ups we would otherwise have applied to the Benefit Base based on Additional Purchase Payments, and may prevent you from increasing the amounts we guarantee under a GMWB Rider as a result of Additional Purchase Payments.

*Restrictions on Investment Options Under Guaranteed Minimum Withdrawal Benefit Riders.* 

If you purchased any of our GMWB Riders, you must invest 100% of your Contract Value at all times in one or more of the Investment Options we make available for these Riders. Under our current rules, you must invest either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) among the currently available individual Investment Options (see "Available Individual Investment Options" below); or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in a manner consistent with any one of the restricted Model Allocations for which you may have been eligible (see "Restricted Model Allocations" below).

Subject to our restrictions on frequent trading:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you are invested in one or more of the available individual Investment Options, you may transfer Contract Value between these Investment Options; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you are invested in a restricted Model Allocation, you may transfer 100% of your Contract Value from the restricted Model Allocation to one or more of the currently available individual Investment Options.

You may not specify the Investment Option from which you wish to make a withdrawal; withdrawals are taken in accordance with our default procedures described in "VII. Description of the Contract – Accumulation Period Provisions – Withdrawals." We allocate Additional Purchase Payments in accordance with your instructions, subject to the restrictions described herein. All Investment Options may not be available through all distribution partners.

**You should consult with your financial representative to assist you in determining whether investing in any individual Investment Option or Model Allocation is suitable for your financial needs and risk tolerance.** 

**Available Individual Investment Options.** If you purchased a Contract with a GMWB Rider, we limit the individual Investment Options to which you may allocate your Contract Value. The currently available individual Investment Options invest in the following Portfolios:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Balanced Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Conservative Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Growth Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Moderate Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Balanced Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Conservative Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Growth Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Moderate Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total Bond Market Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ultra Short Term Bond Trust

You may allocate your Contract Value to any combination of these Investment Options and you may also use our DCA program from your selected Source Investment Option, in connection with your selected Investment Options.

**Restricted Individual Investment Options.** The following individual Investment Options, which may have been available when you purchased a GMWB Rider, are currently restricted ("Restricted Options"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• American Asset Allocation Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital Appreciation Value Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Money Market Trust

If all or a portion of your Contract Value was allocated to one or more of the Restricted Options on the last day it was available, you may continue to allocate Additional Purchase Payments to that Restricted Option, except to the Money Market Investment Option. No additional amounts may be allocated to the Money Market Investment Option. Also, you will not be able to transfer amounts from another Investment Option to any of the Restricted Options. And you will no longer be able to use the Restricted Option if at any point you transfer all of your Contract Value out of that Restricted Option into any of the available individual Investment Options.

*We reserve the right to restrict Investment Options in your variable Investment Account at any time.* If we restrict an Investment Option, you may not be able to allocate or transfer Additional Purchase Payments (even if the Additional Purchase Payments are not otherwise restricted) or Contract Value into the Restricted Option after the date of the restriction. Any amounts you allocated to an Investment Option before we imposed restrictions will not be affected by such restrictions as long as it remains in that Investment Option.

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**For more information regarding these Portfolios, including information relating to their investment objectives, policies and restrictions, and the risks of investing in such Portfolios, please see "VI. General Information about Us, the Separate Accounts and the Portfolios" as well as the prospectuses for the applicable Portfolios. You can obtain a copy of the Portfolios' prospectuses by contacting the Annuities Service Center shown on the back cover of this Prospectus. You should read a Portfolio's prospectus carefully before investing in the corresponding Variable Investment Option.** 

**Restricted Model Allocations.** *We do not currently make "Model Allocations" available.* If you allocated Contract Value to one of the Model Allocations shown below in the Table of Restricted Model Allocations on or before the last day it was available, you may continue to allocate your Contract Value to that Model Allocation if: (a) you continue to allocate your entire Contract Value, including future Purchase Payments, to that Model Allocation; and (b) you rebalance your entire Contract Value to that Model Allocation on a quarterly basis. You will no longer be able to use that Model Allocation if you transfer your Contract Value to any Investment Option other than as permitted in that Model Allocation.

If you are permitted to use a restricted Model Allocation, you may also continue to use our DCA program from any available DCA Source Investment Option in connection with that restricted Model Allocation. You also authorize us to rebalance your entire Contract Value allocated to that restricted Model Allocation on a quarterly basis to the fixed percentages shown in the table for each Investment Option in that Model Allocation. In addition, you may not make any transfers to other Investment Options except to transfer 100% of your Contract Value to one or more of the available individual Investment Options.

None of the Model Allocations is a fund of funds. We do not actively manage any Model Allocation. Once you invest in a Model Allocation, we will not change the allocation percentages (except to rebalance) or component Portfolios based on changes in investment strategy, market conditions or expectations of future performance. Because a Model Allocation does not change, you should periodically consult with your financial representative to ensure that your selected Model Allocation continues to be appropriate for your needs and circumstances.

*Table of Restricted Model Allocations.* The following 10 Model Allocations were available with Contracts issued with GMWB Riders issued prior to May 1, 2009, and are restricted as described above. The percentages indicated in the table are the percentage allocations of each Portfolio currently within the Model Allocations.

**Restricted Model Allocations:** 

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| | | |
|:---|:---|:---|
| **Model Allocation Name** | **Model Allocation Percentage** | **Portfolio Name** |
| **Global Balanced PS**<br> (only available to Global Balanced <br> investors; not available after June 30, <br> 2014)<br>| &nbsp;&nbsp; 30% <br>25% <br>25% <br>20%<br>| &nbsp;&nbsp; Fundamental Large Cap Value Trust<br> Disciplined Value International Trust<br> Lifestyle Balanced Portfolio <br> Opportunistic Fixed Income Trust<br>|
| **American Global Diversification**<br> (not available after April 30, 2009)<br>| &nbsp;&nbsp; 65% <br>20% <br>10% <br>5%<br>| &nbsp;&nbsp; American Global Growth Trust <br> Select Bond Trust<br> High Yield Trust<br> Emerging Markets Value Trust<br>|
| **Fundamental Holdings of America**<br> (not available after April 30, 2009)<br>| &nbsp;&nbsp; 35% <br>25% <br>25% <br>15%<br>| &nbsp;&nbsp; Select Bond Trust<br> American Growth-Income Trust<br> American Growth Trust<br> Disciplined Value International Trust<br>|
| **Global Balanced**<br> (not available after April 30, 2007)<br>| &nbsp;&nbsp; 30% <br>25% <br>25% <br>20%<br>| &nbsp;&nbsp; Fundamental Large Cap Value Trust <br> Disciplined Value International Trust<br> Managed Volatility Balanced Portfolio<br> Opportunistic Fixed Income Trust<br>|
| **Blue Chip Balanced**<br> (not available after April 30, 2007)<br>| &nbsp;&nbsp; 40% <br>30% <br>30%<br>| &nbsp;&nbsp; Investment Quality Bond Trust<br> American Growth Trust<br> American Growth-Income Trust<br>|
| **Value Strategy**<br> (not available after February 10, 2006)<br>| &nbsp;&nbsp; 30% <br>30% <br>20% <br>20%<br>| &nbsp;&nbsp; Fundamental Large Cap Value Trust<br> Equity Income Trust<br> Active Bond Trust<br> Strategic Income Opportunities Trust<br>|

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| | | |
|:---|:---|:---|
| **Model Allocation Name** | **Model Allocation Percentage** | **Portfolio Name** |
| **Growth Blend**<br> (not available after February 10, 2006)<br>| &nbsp;&nbsp; 40% <br>20% <br>20% <br>20%<br>| &nbsp;&nbsp; Blue Chip Growth Trust <br> American Growth-Income Trust <br> Active Bond Trust<br> Strategic Income Opportunities Trust<br>|
| **Core Holdings of America**<br> (not available after August 1, 2005)<br>| &nbsp;&nbsp; 35% <br>25% <br>25% <br>15%<br>| &nbsp;&nbsp; Active Bond Trust <br> American Growth Trust<br> American Growth-Income Trust <br> Disciplined Value International Trust<br>|
| **Core Solution**<br> (not available after April 30, 2005)<br>| &nbsp;&nbsp; 34% <br>33% <br>33%<br>| &nbsp;&nbsp; Strategic Income Opportunities Trust <br> Blue Chip Growth Trust<br> Equity Income Trust<br>|
| **Value Blend**<br> (not available after April 30, 2005)<br>| &nbsp;&nbsp; 40% <br>20% <br>20% <br>20%<br>| &nbsp;&nbsp; Equity Income Trust <br> American Growth Trust<br> Active Bond Trust<br> Strategic Income Opportunities Trust<br>|
| **Global**<br> (not available after April 30, 2005)<br>| &nbsp;&nbsp; 30% <br>30% <br>20% <br>20%<br>| &nbsp;&nbsp; Disciplined Value International Trust <br> Opportunistic Fixed Income Trust<br> American Growth-Income Trust <br> Blue Chip Growth Trust<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**A Model Allocation may experience volatility in its investment performance or lose money, depending on the** <br> **performance of the component Portfolios referenced above. Your investment in the Portfolios will fluctuate and, when** <br> **redeemed, may be worth more or less than your original investment. For more information regarding each Portfolio** <br> **that we permit you to invest in through a Model Allocation, including information relating to that Portfolio's** <br> **investment objectives, policies and restrictions, and the risks of investing in that Portfolio, please see "VI. General** <br> **Information about Us, the Separate Accounts and the Portfolios," as well as the Portfolio's prospectus. You can obtain** <br> **a Prospectus containing more complete information on each of the Portfolios by contacting the respective Annuities** <br> **Service Center shown on the back cover of this Prospectus. You should read the Portfolio's prospectus carefully** <br> **before investing in the corresponding Investment Option.**<br>

*Increases in Guaranteed Amounts* 

We may increase the amounts we guarantee under a GMWB Rider as a result of Additional Purchase Payments that we accept (see "Restrictions on Additional Purchase Payments," above), Credits and Step-Ups.

**Additional Purchase Payments.** Additional Purchase Payments, up to specified limits, can increase amounts guaranteed under the GMWB Riders. Our restrictions on Additional Purchase Payments, however, may prevent you from increasing the amounts we guarantee under a GMWB Rider.

**Credits.** You may be able to increase the amount we guarantee under your GMWB Rider if you defer making withdrawals during the periods described in the Rider.

**Step-Ups.** If your Contract experiences favorable investment performance while a GMWB Rider is in effect, you may be able to increase the amount we guarantee under your GMWB Rider on certain Anniversary Date(s) of your Contract. Step-Ups may occur only when a Rider is in effect, and before the Settlement Period for that Rider.

We describe Additional Purchase Payments, Credits and Step-Ups in the discussion of each Rider's features in this Appendix.

*Withdrawals, Distributions and Settlements under Guaranteed Minimum Withdrawal Benefit Riders* 

**Overview.** Each of our GMWB Riders permits you to withdraw a guaranteed minimum annual amount during the Accumulation Period, subject to the terms and conditions of the specific Rider you elected. We may have determined the amount of the initial guaranteed minimum annual amount after you purchased the Rider, depending on the type of guaranteed minimum withdrawal benefit you purchased.

Our Income Plus For Life<sup>®</sup> Series Riders and Principal Plus for Life Series Riders permit you to withdraw a guaranteed minimum annual amount (called the "Lifetime Income Amount") during the Accumulation Period that begins on a Lifetime Income Date and can last for as long as a Covered Person lives. The Lifetime Income Date depends on the age of the Covered Person when we issued your Contract.

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Our Principal Plus, Principal Plus for Life Series Riders and Principal Returns Riders guarantee the return of your Purchase Payments in the Contract, regardless of market performance, as long as you limit your annual withdrawals to a guaranteed minimum amount (called the "Guaranteed Withdrawal Amount"), beginning on the date you purchased the Rider.

Although these Riders guarantee a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. You may become ineligible for certain Credits, however, if you take withdrawals during the Rider's Credit Period. We reduce your Contract Value and your death benefit each time you take a withdrawal.

**Excess Withdrawals.** We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals of more than the amount guaranteed under the terms of the Rider you select.

If you purchased an Income Plus For Life<sup>®</sup> Series Rider or a Principal Plus for Life Series Rider before the Lifetime Income Date, your future Lifetime Income Amount could be significantly reduced if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take withdrawals prior to the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

Please refer to the "Features" section for each Rider for specific information about the amount you are permitted to withdraw without affecting future guaranteed minimum amounts.

Excess Withdrawals may reduce or eliminate future guaranteed minimum withdrawal values.<br>

**Pre-authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with a GMWB Rider, you can pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. The Income Made Easy Program allows you to select withdrawals under your Rider in the following ways: (A) the annual guaranteed amount ("full allowable amount") under your Rider, which automatically increases to reflect an increase in the annual guaranteed amount under the Rider resulting from a Step-Up or an Additional Purchase Payment (where permitted – see "VII. Description of the Contract – Accumulation Period Provisions – Purchase Payments"); (B) the full allowable amount and any increases in Contract Value above that amount at the end of a Contract Year resulting from investment gains in your Contract at the end of that Contract Year (this option reduces your ability to obtain Step-Ups after you enroll in the program); (C) the full allowable amount plus any amount under our Life Expectancy Distribution Program that exceeds the full allowable amount; (D) the annual amount under our Life Expectancy Distribution Program (in lieu of the full allowable amount); or (E) a specified dollar amount that is less than the full allowable amount.

Your participation in the Income Made Easy Program will be suspended (i.e., we will not process any further withdrawals under the Program until you reenroll) if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you select option A, B or C above; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take an additional withdrawal outside the Income Made Easy Program in any Contract Year in which the program is in effect.

Income Made Easy withdrawals, like other withdrawals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• may be subject to income tax (including withholding for taxes) and, if your Rider calculates an annual guaranteed amount before you turn age 59½, a 10% penalty tax under the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• reduce the death benefit and other optional benefits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• cancel your eligibility to earn a Credit under the provisions of your GMWB Rider during any Contract Year in which you receive a payment under the program; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• may reduce your ability to obtain Step-Ups.

If you are interested in the Income Made Easy Program, you may obtain a separate authorization form and full information concerning the program and its restrictions from your financial representative or our Annuities Service Center. There is no charge for participation in this program. We will, however, suspend your participation in the Income Plan (see "Special Withdrawal Services – The Income Plan" in "VII. Description of the Contract") if you enroll in the Income Made Easy Program.

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** If you purchased a Contract with a GMWB Rider, you may request us in writing, in a form acceptable to us and received at our Annuities Service Center, to pay you

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withdrawals that we determine to be part of a series of substantially equal periodic payments over your "life expectancy" (or, if applicable, the joint life expectancies of you and your Spouse). The Life Expectancy Distribution Program may provide one or more of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Pre-59½ Distributions – these are payments made at the request of the Owner that are intended to comply with Code section 72(q)(2)(D) or section 72(t)(2)(A)(iv); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nonqualified Death Benefit Stretch Distributions – these are payments made to the Beneficiary that are intended to comply with and may not deviate from Code section 72(s)(2); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Required Minimum Distributions and Qualified Death Benefit Stretch Distributions – these are payments we calculate to comply with Code section 401(a)(9), section 403(b)(10), section 408(a)(6), section 408(b)(3), or section 408A(c)(5). For further information on such distributions, please see "IX. Federal Tax Matters – Required Minimum Distributions."

Each withdrawal under our Life Expectancy Distribution Program reduces your Contract Value. In certain instances, withdrawals under the Life Expectancy Distribution Program may reduce future guaranteed minimum withdrawal values.

If you purchased an Income Plus For Life<sup>®</sup> Series Rider or a Principal Plus for Life Series Rider before the Lifetime Income Date, and take a withdrawal before the Lifetime Income Date, we may reduce future amounts guaranteed under the Rider. If you take a withdrawal under our Life Expectancy Distribution Program on or after the Lifetime Income Date, however, we do not reduce annual withdrawal amounts under your Rider. Please refer to the "Features" section of this Appendix for more details regarding the effect that withdrawals made after the Lifetime Income Date have on the Rider's guarantees.

The Life Expectancy Distribution Program ends when certain amounts described in the Rider are depleted to zero, or when the Contract Value is reduced to zero. We may make further distributions as part of the Settlement Phase for the Rider you purchased.

If you are interested in the Life Expectancy Distribution Program, you may obtain further information concerning the program and its restrictions from your financial representative or our Annuities Service Center. There is no charge for participation in this program. To take withdrawals under the Life Expectancy Distribution Program, you must participate in the Income Plan (see "Special Withdrawal Services – The Income Plan" in "VII. Description of the Contract") or the Income Made Easy Program (see the preceding section).

Under our Life Expectancy Distribution Program, each withdrawal will be in an amount that we determine to be your Contract's share of all life expectancy distributions, based on information that you provide and our understanding of the Code. We reserve the right to make any changes we deem necessary to comply with the Code and Treasury Department regulations.

We base our Life Expectancy Distribution calculations on our understanding and interpretation of the requirements under <br> tax law applicable to Pre-59½ Distributions, Required Minimum Distributions, Nonqualified Death Benefit Stretch <br> Distributions and Qualified Death Benefit Stretch Distributions. You should discuss these matters with a qualified tax <br> professional.<br>

**Settlement Phase.** We automatically begin making payments to you under the "Settlement Phase" of a GMWB Rider if your Contract Value reduces below a minimum required amount and you satisfy the conditions described in the Rider. The settlement amount we pay to you, and the frequency of payment available to you, will depend upon the Rider you select. Please refer to the "Features" section of each Rider for more information.

During the Settlement Phase, the Contract will continue but all other rights and benefits under the Contract, including death benefits and any optional benefit Riders, terminate. We do not accept Additional Purchase Payments for, apply additional Credits or make any Step-Ups to, or deduct any charges from a GMWB Rider during the Settlement Phase. You cannot annuitize once the Settlement Phase begins.

*Additional Annuity Options* 

In addition to the Annuity Options we provide under the Contract, we provide Annuity Options for Contracts issued with a GMWB Rider ("GMWB Alternate Annuity Options"). These GMWB Alternate Annuity Options are only available for Annuity Commencement Dates no earlier than the first day of the month following the later of the 90th birthday of the oldest Annuitant or the tenth Contract Anniversary. These GMWB Alternate Annuity Options are designed so that you will receive annuity payments that are no less than a guaranteed minimum annual withdrawal amount at the time of annuitization, but you

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could receive larger payments, depending on your investment experience prior to annuitization. The Annuity Options available to you are described in detail in "VII. Description of the Contract – Pay-out Period Provisions."

*Comparison between Guaranteed Minimum Withdrawal Benefits and Annuity Payments* 

If you choose to take withdrawals under one of our GMWB Riders, it is not the same as receiving annuity payments upon annuitization (as described in "VII. Description of the Contract – Pay-out Period Provisions").

When you take withdrawals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you have the flexibility to start and stop withdrawals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you have the flexibility to choose an amount of your withdrawal that is less than or equal to your Lifetime Income Amount (without reducing your future available Lifetime Income Amount);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you have the ability to surrender your Contract for the cash surrender value (Contract Value minus any applicable charges and premium taxes), if any;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you may receive less favorable tax treatment of your withdrawals than annuity payments would provide. See "IX. Federal Tax Matters" for information on tax considerations related to optional benefit Riders; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you reduce the Contract Value available for annuitization.

When you annuitize:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you receive annuity payments that are fixed in amount (or in the number of units paid if you choose Variable Annuity payments);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your annuity payments do not vary in timing once they commence (for as long as we are due to pay them to you);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you no longer have access to the Contract Value; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Annuity Payments may receive more favorable tax treatment than guaranteed minimum withdrawal benefits. See "IX. Federal Tax Matters" for information on tax considerations related to optional benefit Riders.

**Special Considerations on Annuitization.** The Contract, with or without a GMWB Rider, does not permit you to make a partial annuitization. You must apply your entire Contract Value to an Annuity Payment Option.

*Tax Considerations* 

Withdrawals may be taxable and may be subject to a 10% penalty tax if made prior to age 59½. See "IX. Federal Tax Matters" for information on tax considerations related to optional benefit Riders.

**No Loans under 403(b) Plans.** The loan privilege described in the Prospectus for Contracts issued in connection with certain Section 403(b) plans is NOT available if you elected any of our GMWB Riders.

**Features of Income Plus For Life 1.11 Series Riders and Income Plus For Life 5.09 Series Riders** 

*Covered Person(s)* 

The Income Plus For Life<sup>®</sup> 1.11 Series Riders and Income Plus For Life<sup>®</sup> 5.09 Series Riders provide a lifetime income guarantee based on a single life *(Income Plus For Life*<sup>®</sup> *1.11 and 5.09)* or on the lifetime duration of two Covered Persons *(Income Plus For Life – Joint Life*<sup>®</sup> *1.11 and 5.09)*.

*IPFL 1.11 and 5.09 Series Rider Benefits* 

**Lifetime Income Amount.** Either Rider provides our guarantee that a Lifetime Income Amount will be available for withdrawal each Contract Year, beginning on a Lifetime Income Date as long as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *1.11 or 5.09*) the Covered Person remains alive and is designated as an Owner (or an Annuitant, subject to our underwriting rules) under the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *1.11 or 5.09*) either Covered Person remains alive and is designated as an Owner, Beneficiary or Annuitant under the Contract.

*The Rider terminates upon the death of the last Covered Person or upon a change in Owner, Beneficiary or Annuitant that removes the last Covered Person from the Contract as an Owner, Beneficiary or Annuitant.* 

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We determine the initial Lifetime Income Amount by multiplying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Rate for the Rider on the Lifetime Income Date; by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base for the Rider on the Lifetime Income Date.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *1.11 or 5.09)*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 5%, the Lifetime Income Amount is $5,000 (5% × $100,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *1.11 or 5.09)*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 4.75%, the Lifetime Income Amount is $4,750 (4.75% × $100,000).

We increase the Lifetime Income Amount to reflect Additional Purchase Payments, Credits, and Step-Ups that we may apply to your Rider's Benefit Base and/or Benefit Rate increases due to deferral of withdrawals after the Lifetime Income Date. Please see "Increases in Guaranteed Amounts" below for more information.

We reduce the Lifetime Income Amount if you take Excess Withdrawals. During periods of declining investment performance, Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" below for more information.

**Lifetime Income Date.** The Lifetime Income Amount guarantee starts on a Lifetime Income Date. The earliest Lifetime Income Date is the date you purchased a Rider (the Rider's "effective date") if the Covered Person (or the youngest Covered Person for *Income Plus For Life – Joint Life*<sup>®</sup> *1.11 or 5.09*) would turn age 59½ or older during the first Contract Year.

Otherwise, the Lifetime Income Date in most cases is the Contract Anniversary immediately preceding the date the Covered Person (or youngest Covered Person for Income Plus For Life – Joint Life<sup>®</sup> 1.11 or 5.09) turns age 59½. The earliest available Lifetime Income Date in effect when we issued the Rider remains in effect for as long as the Rider remains in effect.

Benefits under the Rider may be affected if you purchased the Rider before the earliest available Lifetime Income Date and you took a withdrawal before then. Please see "Withdrawals before the Lifetime Income Date" below for more information.

We determine the initial Lifetime Income Amount on the Lifetime Income Date. You cannot change or defer the Lifetime Income Date under your Rider, but you may continue to be eligible for Credits and increases in the Benefit Rate, if any, if you defer taking withdrawals (see "Increases in Guaranteed Amounts" below).

*Benefit Base* 

We use a Benefit Base to determine the Lifetime Income Amount. The maximum Benefit Base at any time for an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Rider is $5 million. The initial Benefit Base is equal to your initial Purchase Payment (up to $5 million). If we allowed you to purchase either Rider after the first Contract Year, we may have determined the initial Benefit Base based on your Contract Value after the first Contract Year.

We reduce the Benefit Base if you take Excess Withdrawals. We may reduce the Benefit Base to reflect these withdrawals either on a dollar-for-dollar basis or on a pro rata basis, depending on the nature of the withdrawal. During periods of declining investment performance, Excess Withdrawals could result in substantial reductions to your Benefit Base or could cause you to lose your guaranteed minimum withdrawal benefit. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

We increase the Benefit Base to reflect Additional Purchase Payments, Credits and Step-Ups. Please see "Increases in Guaranteed Amounts" below for more information.

*Benefit Rate* 

We use the following Benefit Rates to determine the Lifetime Income Amount:

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| | | |
|:---|:---|:---|
| **Benefit Rate by Age** | **Benefit Rate by Age** | **Benefit Rate by Age** |
| **Covered Person's age on the**<br> **Contract Anniversary prior to** <br> **the**<br> **first withdrawal after the** <br> **Lifetime**<br> **Income Date**<br>| **Income Plus For**<br> **Life**<sup>®</sup> **1.11 or 5.09**<br>| **Income Plus For**<br> **Life – Joint Life**<sup>®</sup>**1.11**<br> **or 5.09**<br>|
| 59½ – 64 | &nbsp;&nbsp; 4.00% | &nbsp;&nbsp; 3.75% |

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| | | |
|:---|:---|:---|
| **Benefit Rate by Age** | **Benefit Rate by Age** | **Benefit Rate by Age** |
| **Covered Person's age on the**<br> **Contract Anniversary prior to** <br> **the**<br> **first withdrawal after the** <br> **Lifetime**<br> **Income Date**<br>| **Income Plus For**<br> **Life**<sup>®</sup> **1.11 or 5.09**<br>| **Income Plus For**<br> **Life – Joint Life**<sup>®</sup>**1.11**<br> **or 5.09**<br>|
| 65 and over | &nbsp;&nbsp; 5.00% | &nbsp;&nbsp; 4.75% |

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Because we provide our guarantee over the lifetimes of two Covered Persons under an Income Plus For Life – Joint Life<sup>®</sup> 1.11 or 5.09 Rider, we use a lower Benefit Rate than we do under an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Rider. We will use the Benefit Rate applicable to the age of the Covered Person (youngest Covered Person under IPFL – Joint Life 1.11 or 5.09) on the first withdrawal after the Lifetime Income Date to calculate the initial Lifetime Income Amount.

EXAMPLE: Assume that you purchased a Contract with either the Income Plus For Life<sup>®</sup> 1.11 or 5.09 Rider when your age was 57 years and 7 months. Your Lifetime Income Date is the first Contract Anniversary because that is the Contract Anniversary before you turn age 59½. If you are age 61 or older at the time you take your first withdrawal after the Lifetime Income Date, we set your Benefit Rate equal to 4%. If you wait until you turn age 65 to take the first withdrawal after the Lifetime Income Date, we set your Benefit Rate equal to 5%.

With the higher Benefit Rate at older ages, if you defer taking withdrawals after the Lifetime Income Date, we will use the Benefit Rate applicable to the age of the Covered Person (youngest Covered Person under Income Plus For Life – Joint Life<sup>®</sup> 1.11 or 5.09) on the first withdrawal after the Lifetime Income Date.

*Increases in Guaranteed Amounts* 

**Additional Purchase Payments.** Our restrictions on Additional Purchase Payments may prevent you from increasing the amounts we guarantee under an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Rider.

Prior to the Lifetime Income Date, we will increase the Benefit Base each time you make an Additional Purchase Payment that we accept (see "Restrictions on Additional Purchase Payments," above), up to a maximum Benefit Base of $5 million.

On and after the Lifetime Income Date, we may increase the Benefit Base each time you make an Additional Purchase Payment, up to a maximum Benefit Base of $5 million. The new Benefit Base is the Benefit Base immediately before the Additional Purchase Payment, plus the excess, if any, of the Additional Purchase Payment (subject to our Purchase Payment limits) over any Withdrawal Amount (reduced by any subsequent Purchase Payment) since the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the latest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a Purchase Payment that we applied to the Benefit Base;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a reduction in the Benefit Base; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effective date of a Step-Up.

EXAMPLE: Assume you took a withdrawal of $5,000 after the Lifetime Income Date, your current Benefit Base is $100,000, and you make an Additional Purchase Payment of $15,000. Your Benefit Base will increase by $10,000, the excess of the Additional Purchase Payment over the prior withdrawal ($15,000 – $5,000). Your new Benefit Base will equal $110,000. Assume that the following year you take an Excess Withdrawal of $10,000 that reduces your Benefit Base to $105,000. If you then make an Additional Purchase Payment of $10,000, the entire $10,000 will be added to your current Benefit Base, since the Benefit Base was reduced by the previous withdrawal. The new Benefit Base will be $115,000 ($105,000 + $10,000).

**Credits.** We offered the Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Riders with the following Credit features:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annual Credit Rate – 5%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Period (for Annual Credits) – The initial Credit Period coincides with the first 10 Contract Years while your Rider is in effect. We will extend the Credit Period each time a Step-Up occurs to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

*Annual Credits.* (We may refer to the Annual Credit in your Rider as a "Bonus" and we may refer to Annual Credits as "Deferral Credits" in our communications.) We increase the Benefit Base on each Contract Anniversary during the Credit

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Period if you did not take any withdrawals during the previous Contract Year. The Credit is equal to the applicable Credit Rate multiplied by the total Purchase Payments that have been applied to the Benefit Base. If the Benefit Base has been increased by a Step-Up or decreased as a result of an Excess Withdrawal, the Credit will equal the applicable Credit Rate multiplied by the sum of (a) the Benefit Base immediately following the most recent Step-Up or decrease and (b) the total Additional Purchase Payments applied to the Benefit Base since that Step-Up or decrease.

If you take a withdrawal during a Contract Year, you will not be eligible for a Credit at the end of that Contract Year and Annual Credits for future Contract Years may be reduced, or eliminated, if the withdrawal results in a reduction of the Benefit Base.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *1.11 and 5.09)*: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Rider and you, the Covered Person, will turn age 63 during the first Contract Year. Also assume that you purchase the Contract and Rider for $100,000, you make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years. Based on your age the applicable Annual Credit Rate for those years is 5%. If you take no withdrawals during the first and second Contract Year:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we apply an Annual Credit to the Benefit Base and increase it to $105,000 ($100,000 + 5% × $100,000). The Lifetime Income Amount increases to $5,250 (5% × $105,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we apply an Annual Credit to the Benefit Base and increase it again to $110,000 ($105,000 + 5% × $100,000). The Lifetime Income Amount increases to $5,500 (5% × $110,000).

Now assume you take an Excess Withdrawal during the third Contract Year that reduces the Benefit Base to $90,000, and you take no withdrawals and make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you took a withdrawal during the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply an Annual Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (5% × ($90,000 + $5,000) = $4,750). The Benefit Base increases to $99,750 ($90,000 + $5,000 + $4,750) and the Lifetime Income Amount increases to $4,988 (5% × $99,750).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *1.11 and 5.09)*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> 1.11 or 5.09 Rider when the younger Covered Person was age 65, you take no withdrawals during the first and second Contract Years and the applicable Annual Credit Rate is 5%. Also assume that you purchase the Contract and Rider for $100,000, you make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we apply an Annual Credit to the Benefit Base and increase it to $105,000 ($100,000 + 5% × $100,000). The Lifetime Income Amount increases to $4,988 (4.75% × $105,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we apply an Annual Credit to the Benefit Base and increase it again to $110,000 ($105,000 + 5% × $100,000). The Lifetime Income Amount increases to $5,225 (4.75% × $110,000).

Now assume you take an Excess Withdrawal during the third Contract Year that reduces the Benefit Base to $90,000, and you take no withdrawals and make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you took a withdrawal during the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply an Annual Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (5% × ($90,000 + $5,000) = $4,750). The Benefit Base increases to $99,750 ($90,000 + $5,000 + $4,750) and the Lifetime Income Amount increases to $4,738 (4.75% × $99,750).

**Step-Ups.** The Income Plus For Life<sup>®</sup> 1.11 and 5.09 Series Riders provide Step-Ups. We discuss how the Step-Up works below. The Step-Up compares your Contract Value on a Step-Up Date to certain previously calculated guaranteed amounts. Step-Up Dates coincide with the first Contract Anniversary after you purchased the Rider and every Contract Anniversary thereafter, up to and including the Age 95 Contract Anniversary. You will no longer be eligible for Step-Ups, however, if you decline a scheduled increase in the Rider fee rate (see "Rider Fees" earlier in this Appendix).

*How Step-Ups Work.* If the Contract Value on any Step-Up Date is greater than the Benefit Base (including any Credit) on that date, we will automatically step up the Benefit Base to equal the Contract Value (subject to the maximum Benefit Base limit of $5 million). We will also increase the Lifetime Income Amount (after the Lifetime Income Date) and the dollar amount of

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the Rider fee (see "Rider Fees" earlier in this Appendix). The new Lifetime Income Amount will equal the Benefit Base value after the Step-Up multiplied by the Benefit Rate then in effect for your Rider, and the Rider fee will be based on the increased Benefit Base.

We also reserve the right to increase the rate of the fee for the Income Plus For Life<sup>®</sup> 5.09 Series Riders, up to a maximum rate of 1.20%, on any Step-Up Date. If we decide to increase the rate at the time of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the automatic Step-Up. If you decline the Step-Up, the fee rate will not be increased.

If you decline an automatic Step-Up, you will have the option to elect to step up the Benefit Base (as well as Lifetime Income Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base, we will thereafter resume automatic Step-Ups.

EXAMPLE. Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Rider when you, the Covered Person, are 65, you take no withdrawals during the first three Contract Years and the applicable Annual Credit Rate is 5%. Also assume that you purchase the Contract and Rider for $100,000, you make no Additional Purchase Payments, and the Contract Value on the third Contract Anniversary is $125,000. The Benefit Base on the third Contract Anniversary including the Annual Credits for the first three Contract Years is $115,000. Since the Contract Value of $125,000 is greater than the current Benefit Base including the Credit, the Benefit Base increases to $125,000 and the Lifetime Income Amount increases to $6,250 (5% × $125,000). If no withdrawals are taken in the fourth Contract Year, the Annual Credit on the fourth Contract Anniversary equals $6,250 (5% × $125,000).

Step-Ups may occur only while either the Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Rider is in effect.<br>

*Withdrawals, Distributions and Settlements* 

**Overview.** The Income Plus For Life<sup>®</sup> 1.11 and 5.09 Series Riders provide a guaranteed minimum withdrawal benefit during the Accumulation Period. In particular, these Riders permit you to withdraw a minimum annual amount, for as long as a Covered Person lives, subject to the terms and conditions of each Rider. We may have determined the amount of the initial guarantee after we issued your Contract, depending on the age of the Covered Person (or younger Covered Person in the case of a joint-life Rider) when we issued the Contract and the type of guaranteed minimum withdrawal benefit you purchased. We may increase the guarantee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by one or more Credits if you make no withdrawals during certain Contract Years, up to limits described in the "Credits" section, above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a result of a Step-Up of the guarantee (see preceding section) to reflect your then-current Contract Value on certain Contract Anniversary dates; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you make an Additional Purchase Payment that we accept under a Financial Account Plan or Payroll Plan (up to specified limits and if not otherwise restricted).

Although these Riders guarantee a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. We reduce your Contract Value and your death benefit each time you take a withdrawal (see "Death Benefit During Accumulation Period" in "VII. Description of the Contract").

EXAMPLE: If you take a withdrawal of $8,000 when your Contract Value is $80,000 and your Guaranteed Minimum Death Benefit is $100,000, we reduce your Guaranteed Minimum Death Benefit on a pro rata basis. That means we reduce the Guaranteed Minimum Death Benefit by 10% ($8,000/$80,000) to $90,000 ($100,000 – 10% × $100,000).

**Excess Withdrawals.** We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals for more than the amount guaranteed under the terms of the Rider you select. Your future Lifetime Income Amount could be significantly reduced if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take withdrawals prior to the Lifetime Income Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

An Excess Withdrawal is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take before the Lifetime Income Date; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take on or after the Lifetime Income Date that, together with all other withdrawals taken during a Contract Year (including any applicable withdrawal charges), exceeds the Lifetime Income Amount for that Contract Year.

If you experience unfavorable investment performance, an Excess Withdrawal could result in substantial reductions to your Contract Value and Benefit Base. Your future Lifetime Income Amount could be significantly reduced, and if both your Contract Value and Benefit Base decline to zero before the Lifetime Income Date, you will lose your guaranteed minimum withdrawal benefit.

After the Lifetime Income Date, we do not consider withdrawals under our Life Expectancy Distribution Program to result in an Excess Withdrawal unless you take additional withdrawals outside of that program.

**Withdrawals before the Lifetime Income Date.** Each time you take a withdrawal before the Lifetime Income Date, we generally reduce the Benefit Base on a pro rata basis. This means that we reduce the Benefit Base in the same proportion that your Contract Value is reduced by the Withdrawal Amount. We use a different method if you take a withdrawal under our Life Expectancy Distribution Program (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" below).

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Rider that names you as the Covered Person when you are 45. Now assume that in the eighth Contract Year, when you are 53, the Contract Value is $80,000, the Benefit Base is $90,000, no withdrawal charges apply under your Contract, and you withdraw $5,000 of Contract Value.

In this case, you reduce your Contract Value by 6.25% (i.e., $5,000/$80,000) and we reduce your Benefit Base by the same percentage ($90,000 × 0.0625, or $5,625). The Benefit Base after the Excess Withdrawal is $90,000 – $5,625, or $84,375.

Note: Withdrawals may be taxable and if made prior to age 59½ may be subject to a 10% penalty tax (see "IX. Federal Tax Matters").

**Withdrawals after the Lifetime Income Date.** Each time you take a withdrawal after the Lifetime Income Date, we first determine if the Withdrawal Amount is entirely or partially an Excess Withdrawal (i.e., a withdrawal, including any withdrawal charges, that exceeds the Lifetime Income Amount when combined with any other withdrawal(s) for that Contract Year). If so, we reduce the Benefit Base on a pro rata basis. We do this by reducing your Benefit Base in the same proportion that your Contract Value is reduced by the entire amount of the withdrawal.

Each time we reduce the Benefit Base, we also reduce the Lifetime Income Amount. We do this by multiplying the reduced Benefit Base by the Benefit Rate in effect for your Rider. We also reduce the Benefit Base and the Lifetime Income Amount for each subsequent Excess Withdrawal that you take during that Contract Year.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *5.09)* : Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Rider. Also assume that when you are age 67, the Contract Value is $100,000, the Benefit Base is $110,000, and the Lifetime Income Amount is $5,500. If you withdraw $10,000, we first reduce your Contract Value by 10% ($10,000/ $100,000) and since this withdrawal is an Excess Withdrawal, we reduce your Benefit Base by the same percentage ($110,000 × .10 = $11,000). The Benefit Base after the Excess Withdrawal is $99,000 ($110,000 – $11,000) and the Lifetime Income Amount is $4,950 (.05 × $99,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *1.11 or 5.09)*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> 1.11 or 5.09 Rider. Also assume that when the younger Covered Person is age 67, the Contract Value is $100,000, the Benefit Base is $110,000, the Lifetime Income Amount is $5,225 and the Benefit Rate is 4.75%. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we reduce your Contract Value by 10% ($10,000/$100,000). The new Benefit Base is $99,000 ($110,000 – 10% × $110,000 = $110,000 – $11,000). The new Lifetime Income Amount is $4,703 (4.75% × $99,000).

We do not reduce the Benefit Base and/or the Lifetime Income Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the withdrawals are taken under our Life Expectancy Distribution Program (as opposed to those withdrawals taken *prior* to the Lifetime Income Date, which do reduce the Benefit Base), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if your total Withdrawal Amounts during a Contract Year are less than or equal to the Lifetime Income Amount.

The Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Rider enters the Settlement Phase in any Contract Year that your Contract Value declines to zero if your Benefit Base is greater than zero at that time and you have taken no Excess Withdrawals during that Contract Year. *In the event of an Excess Withdrawal, you will lose the guaranteed minimum withdrawal benefit under the* 

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*Rider, and the Rider will not enter the Settlement Phase, if Contract Value declines to zero during the Contract Year of the Excess Withdrawal*. See "Settlement Phase" below. The Rider's benefit terminates if both the Contract Value and Benefit Base immediately after a withdrawal are equal to zero.

**If you take Excess Withdrawals from your Contract, you risk lowering the Lifetime Income Amount guaranteed for** <br> **future withdrawals, or reducing the availability or amount of future Step-Ups.**<br>

**Pre-Authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Rider, you can pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. We offer our Income Made Easy Program for Contracts with the Rider to provide income payments for the lifetime of the Covered Person. The full allowable amount is based on the Lifetime Income Amount. You can start taking withdrawals under the Income Made Easy Program no sooner than the Lifetime Income Date for your Rider (see "Pre-Authorized Withdrawals – The Income Made Easy Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** The Life Expectancy Distribution Program is available with these Riders (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

Each withdrawal under our Life Expectancy Distribution Program reduces your Contract Value. We reduce your Benefit Base proportionally by the amount of the withdrawal if you take a withdrawal under the Life Expectancy Distribution Program prior to the Lifetime Income Date. We do not reduce your Benefit Base or Lifetime Income Amount if a withdrawal under the Life Expectancy Distribution Program on or after the Lifetime Income Date (for an amount we calculate based on our current understanding and interpretation of federal tax law) causes total withdrawals during a Contract Year to exceed the Lifetime Income Amount and all withdrawals during that year were under our Life Expectancy Distribution Program.

**Settlement Phase.** We automatically begin making payments to you under the "Settlement Phase" of a an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Rider if your Contract Value reduces to zero and you satisfy the conditions described in the Rider. During the Settlement Phase, the Contract continues but all other rights and benefits under the Contract, including death benefits and any optional benefit Riders, terminate. We do not accept Additional Purchase Payments for, apply additional Credits or make any Step-Ups to, or deduct any charges from a Rider during the Settlement Phase. You cannot annuitize once the Settlement Phase begins.

The Settlement Phase under an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Rider begins if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value reduces to zero at any time during a Contract Year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• there were no Excess Withdrawals during that Contract Year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base is still greater than zero at the time.

There is no Settlement Phase under an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take any withdrawal before the earliest available Lifetime Income Date and the Contract Value declines to zero during the Contract Year of the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take a withdrawal on or after the earliest available Lifetime Income Date that is an Excess Withdrawal and the Contract Value declines to zero during the Contract Year of the withdrawal.

**You will lose the ability to receive Lifetime Income Amounts if you withdraw more than the Lifetime Income Amount during a Contract Year and the Contract Value then declines to zero in that same Contract Year.** 

The settlement amount we pay to you under the Rider varies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the Settlement Phase begins after the Lifetime Income Date, at the start of the Settlement Phase we pay an initial settlement amount equal to the remaining Lifetime Income Amount for that Contract Year, and make additional annual payments of the Lifetime Income Amount as long as a Covered Person is living.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the Settlement Phase begins before the Lifetime Income Date, we begin making annual settlement payments following the Lifetime Income Date as long as the Covered Person is living. In this case, the annual amount equals the Lifetime Income Amount (i.e., the Benefit Base at the Lifetime Income Date multiplied by the Benefit Rate then in effect).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In lieu of annual payments of the settlement amount, we permit you to elect monthly, quarterly or semi-annual installment payments of the Lifetime Income Amount.

*Impact of Death Benefits* 

Our Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Riders end if (a) a death benefit becomes payable during the Accumulation Period (but before the Settlement Phase under the Rider), and (b) the Beneficiary takes the death benefit provided under the terms of the Contract as a lump sum. In cases where the Rider continues, we determine the Adjusted Benefit Base and the Rider fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

**Income Plus For Life**<sup>®</sup> **1.11 and 5.09.** If the Beneficiary does not take the death benefit as a lump sum, the following applies:

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| | | |
|:---|:---|:---|
| **If the Deceased**<br> **Owner is:** | **If the Deceased**<br> **Owner is:** | &nbsp;&nbsp; **Then**<br> **INCOME PLUS FOR LIFE**<sup>®</sup> **1.11 and 5.09:** |
| 1. | Not the Covered Person | &nbsp;&nbsp; may continue if the Beneficiary elects to continue the Contract. We <br> automatically increase the Benefit Base to equal the initial death benefit we <br> determine, if the death benefit is greater than the Benefit Base prior to our <br> determination. We also recalculate the Lifetime Income Amount to equal the <br> Benefit Rate then in effect multiplied by the recalculated Benefit Base and <br> assess the Rider fee based on the recalculated Benefit Base.<br>|
| 1. | Not the Covered Person | &nbsp;&nbsp; enters its Settlement Phase if a subsequent withdrawal depletes the Contract <br> Value to zero, and the remaining Lifetime Income Amount for the year of <br> withdrawal is still greater than zero.<br>|
| 1. | Not the Covered Person | &nbsp;&nbsp; continues to be eligible for any remaining Credits and Step-Ups, but we change <br> the date we determine and apply these benefits to future anniversaries of the date <br> we determine the initial death benefit. We permit the Beneficiary to opt out of <br> any increase in the Benefit Base (reflecting the initial death benefit or any future <br> Step-Ups) if at the time of the increase we also increase the rate of the Rider fee.<br>|
| 2. | The Covered Person | ends without any further benefit. |

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*Death benefits during the Settlement Phase.* If you die during the Settlement Phase, the only death benefits we provide are the remaining settlement payments that may become due under the Income Plus For Life<sup>®</sup> 1.11 or 5.09 Rider. If the Covered Person dies during the Settlement Phase, we reduce the Lifetime Income Amount to zero and make no further payments.

The entire interest must be distributed within five years of the Owner's death, except in the case where the Beneficiary is an individual. In that case, the Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. We continue to assess the mortality and expense risks charge during this period, even though we bear only the expense risk and not any mortality risk (see "VIII. Charges and Deductions – Mortality and Expense Risks Fee").

**Income Plus For Life – Joint Life**<sup>®</sup> **1.11 and 5.09.** If the Beneficiary continues a Contract in force following the death of an Owner, coverage under an Income Plus For Life – Joint Life<sup>®</sup> 1.11 or 5.09 Rider ends if the deceased Owner is the last Covered Person under the Rider. If the Beneficiary continues a Contract in force following the death of an Owner, coverage under the Rider may continue only if: (a) the deceased Owner is the first Covered Person under the Rider to die; and either (b) the surviving Covered Person is a Spousal Beneficiary or (c) a Qualified Plan is the non-Spousal Beneficiary and the surviving Covered Person is a Spouse of the deceased Owner. If the death benefit is greater than the Contract Value, we will increase the Contract Value to equal the amount of the death benefit (but will not increase the Benefit Base, Lifetime Income Amount, Credits or Step-Ups).

If the Rider continues, we will determine the Adjusted Benefit Base and the Rider fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death of First Covered Person.* If the first Covered Person to die is an Owner of the Contract (or deemed to be an Owner if the Owner is a non-natural person), the surviving Covered Person may elect to continue periodic distributions under the Contract in lieu of receiving the Contract's death benefit as a lump sum, subject to the distribution options listed in the Contract. (See "Death after Removal of a Covered Person" below if there is no surviving Covered Person.) If the Contract

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continues, the Rider will continue. We will continue to provide the Lifetime Income Amount guarantee only for the lifetime of the surviving Covered Person and continue to charge the Rider fee (see "Rider Fees" earlier in this Appendix). If the death benefit is greater than the Contract Value, we will increase the Contract Value only to equal the amount of the death benefit (but will not make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups). We will treat any distribution of death benefits under a Contract as a "withdrawal" for purposes of subsequent calculations of the Benefit Base and the Lifetime Income Amount.

If the first Covered Person to die is not the Owner (and is not deemed to be an Owner if the Owner is a non-natural person), no death benefit is payable under the Contract. The Rider will continue in effect and we will base the duration of the Lifetime Income Amount only on the lifetime of the surviving Covered Person. We will continue to charge the Rider fee; however, we will make no adjustments to the Contract Value or make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups.

*Death of Last Covered Person.* If the surviving Covered Person dies while the Income Plus For Life – Joint Life<sup>®</sup> 1.11 or 5.09 Rider is in effect, we will reduce the Lifetime Income Amount to zero and we make no additional payments under the Rider to the Beneficiary.

*Death after Removal of a Covered Person.* In certain instances, a person initially designated as a Covered Person may be removed as a Covered Person from the Rider. If that happens and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *removed* Covered Person subsequently dies, there will be no impact on the guarantees provided by the Rider in most cases; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *remaining* Covered Person subsequently dies, we will consider that Covered Person to be the "last" Covered Person and the Rider will terminate.

*Death Benefits during the Settlement Phase.* If death occurs during an Income Plus For Life – Joint Life<sup>®</sup> 1.11 or 5.09 Rider's Settlement Phase, the only death benefit we provide is the remaining settlement payments that may become due under that Rider. If the death of the first Covered Person occurs while the Rider is in its Settlement Phase, no additional death benefit is payable under the Contract and, in most instances, we will continue to make settlement payments in the same manner as before the death. If the death occurs before the Lifetime Income Date, we will compute a Lifetime Income Amount during the Settlement Phase on the later of the Lifetime Income Date or the date we receive notice of the death of the first Covered Person. Settlement payments will equal the Lifetime Income Amount. **We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs from the amount and duration in effect before the death of the first Covered Person.** 

*Termination of Rider* 

You may not terminate an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Rider once it is in effect. However, an Income Plus For Life<sup>®</sup> 1.11 or 5.09 Series Rider terminates automatically upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a death benefit is payable and the Beneficiary takes the death benefit as a lump sum under the terms of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date an Annuity Option begins;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Contract Value and the Benefit Base both equal zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *1.11 and 5.09*) the death or removal of the Covered Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *1.11 and 5.09*) the death or removal of the last Covered Person remaining under the Rider;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a new GMWB Rider becomes effective under any exchange program that we may make available; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of the Contract.

**Features of Income Plus For Life**<sup>®</sup> **12.08 Series Riders** 

*Form of Guaranteed Amounts* 

The Income Plus For Life<sup>®</sup> 12.08 Series provides a lifetime income guarantee based on a single life *(Income Plus For Life*<sup>®</sup> *12.08)* or on the lifetime durations of two Covered Persons *(Income Plus For Life –Joint Life*<sup>®</sup> *12.08)*.

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*IPFL 12.08 Series Rider Benefits* 

**Lifetime Income Amount.** The Rider provides our guarantee that a Lifetime Income Amount will be available for withdrawal each Contract Year, beginning on a Lifetime Income Date as long as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *12.08*) the Covered Person remains alive and is designated as an Owner (or an Annuitant, subject to our underwriting rules) under the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *12.08*) either Covered Person remains alive and is designated as an Owner, Beneficiary or Annuitant under the Contract.

*The Rider terminates upon the death of the last Covered Person or upon a change in Owner, Beneficiary or Annuitant that removes the last Covered Person from the Contract as an Owner, Beneficiary or Annuitant.* 

We determine the initial Lifetime Income Amount by multiplying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Rate for the Rider (5% for Income Plus For Life<sup>®</sup> 12.08 and 4.75% (4.50% in New York) for Income Plus For Life – Joint Life<sup>®</sup> 12.08); by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base for the Rider on the Lifetime Income Date.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *12.08)*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 5%, the Lifetime Income Amount is $5,000 (5% × $100,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *12.08)* : Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 4.75%, the Lifetime Income Amount is $4,750 (4.75% × $100,000). In New York, if the Benefit Rate is 4.50%, the Lifetime Income Amount is $4,500 (4.50% × $100,000).

The maximum Lifetime Income Amount for an Income Plus For Life<sup>®</sup> 12.08 Rider is $250,000. The maximum Lifetime Income Amount for an Income Plus For Life Joint – Life<sup>®</sup> 12.08 Rider is $237,500 ($225,000 in New York). We calculate a lower Lifetime Income Amount under the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider because we provide our guarantee over the lifetimes of two Covered Persons under that Rider.

We reduce the Lifetime Income Amount if you take Excess Withdrawals. Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

We increase the Lifetime Income Amount to reflect Additional Purchase Payments, Credits and Step-Ups that we may apply to your Rider's Benefit Base and/or Benefit Rate increases due to deferral of withdrawals after the Lifetime Income Date. Please see "Increases in Guaranteed Amounts" in this section, below, for more information.

**Lifetime Income Date.** The Lifetime Income Amount guarantee starts on a Lifetime Income Date. This is the date you purchased the Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *12.08*) you were age 58½ or older at the time (age 61 or older for Riders issued in New York); otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date you turn age 58½ (age 61 in NY).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *12.08*) both you and your Spouse were age 58½ or older at the time (age 61 or older for Riders issued in New York); otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date the younger Spouse would turn age 58½ (age 61 in NY). (The Lifetime Income Date does not change if the younger Spouse does not survive to this date and the older Spouse is still a Covered Person under the Rider.)

Benefits under the Rider may be affected if you purchased the Rider before the earliest available Lifetime Income Date and you take a withdrawal before then. Please see "Withdrawals before the Lifetime Income Date" below for more information.

We determine the initial Lifetime Income Amount on the Lifetime Income Date. You cannot change or defer the Lifetime Income Date under your Rider, but you may continue to be eligible for Credits and increases in the Benefit Rate, if any, if you defer taking withdrawals (see "Increases in Guaranteed Amounts" below).

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*Benefit Base* 

We use a Benefit Base to determine the Lifetime Income Amount. The maximum Benefit Base at any time is $5 million. The initial Benefit Base is equal to your initial Purchase Payment (up to $5 million). If we allowed you to purchase the Rider after the first Contract Year, we determined the initial Benefit Base based on your Contract Value after the first Contract Year.

We reduce the Benefit Base if you take Excess Withdrawals. We may reduce the Benefit Base to reflect these withdrawals either on a dollar-for-dollar basis or on a pro-rata basis, depending on the nature of the withdrawal. During periods of declining investment performance, Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

We increase the Benefit Base to reflect Additional Purchase Payments, Credits and Step-Ups. Please see "Increases in Guaranteed Amounts" in this section, below, for more information.

Benefit Rate

We use the following Benefit Rates to determine the Lifetime Income Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *12.08 – 5%* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life – Joint Life*<sup>®</sup> *12.08 – 4.75%* (4.50% in New York).

Because we provide our guarantee over the lifetimes of two Covered Persons under an Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider, we use a lower Benefit Rate than we do under an Income Plus For Life<sup>®</sup> 12.08 Rider. We will use the Benefit Rate applicable to the age of the Covered Person (youngest Covered Person under *IPFL – Joint Life 12.08*) on the first withdrawal after the Lifetime Income Date to calculate the initial Lifetime Income Amount.

EXAMPLE: Assume that you purchased a Contract with the Income Plus For Life<sup>®</sup> 12.08 Rider when your age was 57 years and 7 months. Your Lifetime Income Date is the first Contract Anniversary since that is the Contract Anniversary before you turn age 59½. If you are age 61 or older at the time you take your first withdrawal after the Lifetime Income Date, we set your Benefit Rate equal to 4%. If you wait until you turn age 65 to take the first withdrawal after the Lifetime Income Date, we set your Benefit Rate equal to 5%.

*Increases in Guaranteed Amounts* 

**Additional Purchase Payments.** Our restrictions on Additional Purchase Payments may prevent you from increasing the amounts we guarantee under an Income Plus For Life<sup>®</sup> 12.08 Series Rider (see "Restrictions on Additional Purchase Payments," above).

Prior to the Lifetime Income Date, we will increase the Benefit Base each time you make an Additional Purchase Payment that we accept, subject to the maximum Benefit Base limit of $5 million. On and after the Lifetime Income Date, we may increase the Benefit Base each time you make an Additional Purchase Payment, subject to the maximum Benefit Base limit of $5 million. The new Benefit Base will be the Benefit Base immediately before the Additional Purchase Payment, plus the excess, if any, of the Additional Purchase Payment (subject to our Purchase Payment limits) over any Withdrawal Amount (reduced by any subsequent Purchase Payment) since the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Date or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the latest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a Purchase Payment that we applied to the Benefit Base,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a reduction in the Benefit Base, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effective date of a Step-Up.

EXAMPLE: Assume you took a withdrawal of $5,000 after the Lifetime Income Date, your current Benefit Base is $100,000, and you make an Additional Purchase Payment of $15,000. Your Benefit Base will increase by $10,000, the excess of the Additional Purchase Payment over the prior withdrawal ($15,000 – $5,000). Your new Benefit Base will equal $110,000. Assume that the following year you take an excess withdrawal of $10,000 that reduces your Benefit Base to $105,000. If you then make an Additional Purchase Payment of $10,000, the entire $10,000 will be added to your current Benefit Base, because the Benefit Base was reduced by the previous withdrawal. The new Benefit Base will be $115,000 ($105,000 + $10,000).

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**Credits**. The Income Plus For Life<sup>®</sup> 12.08 Series Riders provide the following Credit features:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annual Credit Rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued outside of New York, each time you qualify, we will increase the Benefit Base by a Lifetime Income Credit equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of total Purchase Payments to your Contract if we did not previously step up the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of the Benefit Base immediately after the latest Step-Up or reduction, increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued in New York with Income Plus For Life<sup>®</sup> 12.08, the Credit will be equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6% of total Purchase Payments to your Contract, if we did not previously step up or reduce the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6% of the Benefit Base immediately after the latest Step-Up (if greater than the amount used to calculate the previous Credit) or reduction of the Benefit Base (if less than the amount used to calculate the previous Credit), increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• During the Lifetime Income Credit Period, if you take no withdrawals in a Contract Year that begins on or after you turn age 61, the Credit Rate on the following Contract Anniversary will be 7%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued in New York with Income Plus For Life – Joint Life<sup>®</sup> 12.08, there is no Credit payable for Contract Years up to and including the Contract Year when the younger of you or your Spouse turns age 61. If you take no withdrawals in a Contract Year that begins on or after the date that the younger of you or your Spouse turns age 61, the Credit on the following Contract Anniversary will equal:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of total Purchase Payments to your Contract, if we did not previously step up or reduce the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of the Benefit Base immediately after the latest Step-Up (if greater than the amount used to calculate the previous Credit) or reduction of the Benefit Base (if less than the amount used to calculate the previous Credit), increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Period (for Annual Credits) for Income Plus For Life<sup>®</sup> 12.08 and Income Plus For Life – Joint Life<sup>®</sup> 12.08 (except in New York) – The initial Credit Period coincides with the first 10 Contract Years while the Rider is in effect. We will extend the Credit Period for Annual Credits each time a Step-Up occurs to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Period (for Annual Credits) for Income Plus For Life – Joint Life<sup>®</sup> 12.08 (in New York) – The initial Credit Period coincides with the first 10 Contract Years, starting on the Contract Anniversary after the youngest Covered Person turns age 61, while the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider is in effect. We will extend the Credit Period for Annual Credits each time a Step-Up occurs to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ten Year Credit Rate – See "Ten Year Credit" below for a description of the rate we use to calculate a Ten Year Credit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ten Year Credit Period – The Credit Period for the Ten Year Credit ends on a "Target Date" that coincides with the 10th Contract Anniversary after the effective date of the Income Plus For Life<sup>®</sup> 12.08 Rider.

*Annual Credits.* (We may refer to an Annual Credit in your Rider as a "Bonus" and we may refer to Annual Credits as "Deferral Credits" in our communications.) We increase the Benefit Base on each Contract Anniversary during the Credit Period for Annual Credits if you take no withdrawals during the previous Contract Year. The Credit is equal to the applicable Credit Rate multiplied by the total Purchase Payments that have been applied to the Benefit Base. If the Benefit Base has been increased by a Step-Up or decreased as a result of an Excess Withdrawal, the Credit will equal the applicable Credit Rate multiplied by the sum of (a) the Benefit Base immediately following the most recent Step-Up or decrease and (b) the total Additional Purchase Payments applied to the Benefit Base since that Step-Up or decrease.

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Each time you qualify, we will increase the Benefit Base by an annual Credit equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the sum of total Purchase Payments to your Contract multiplied by the Annual Credit Rate if we did not previously step up the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base immediately after the latest Step-Up or reduction multiplied by the Annual Credit Rate, and increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. We will not decrease the Annual Credit as a result of a Step-Up and will not increase the Annual Credit as a result of a reduction in the Benefit Base.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 12.08 Rider when you, the Covered Person, are 61, you take no withdrawals during the first and second Contract Year and the applicable Annual Credit Rate is 7%. Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we will apply an Annual Credit to the Benefit Base and increase it to $107,000 ($100,000 + 7% × $100,000). The Lifetime Income Amount will increase to $5,350 (5% × $107,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we will apply an Annual Credit to the Benefit Base and increase it again to $114,000 ($107,000 + 7% × $100,000). The Lifetime Income Amount will increase to $5,700 (5% × $114,000).

Now assume you take an Excess Withdrawal during the third Contract Year that reduces the Benefit Base to $100,000, and you take no withdrawals and make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you took a withdrawal during the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply an Annual Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (7% × ($100,000 + $5,000) = $7,350). The Benefit Base increases to $112,350 ($100,000 + $5,000 + $7,350) and the Lifetime Income Amount increases to $5,618 (5% × $112,350).

*Ten Year Credit (not available with NY Income Plus For Life*<sup>®</sup> *12.08)* . (We may refer to the Ten Year Credit as a "Target Amount adjustment" in your Rider and in our communications.) The Ten Year Credit provides the equivalent of the first 10 Annual Credits, assuming you receive no Step-Ups, take no withdrawals of Contract Value and make no Additional Purchase Payments for 10 Contract Years following purchase of an Income Plus For Life<sup>®</sup> 12.08 Rider. (In that case, the Ten Year Credit does not provide amounts in addition to these cumulative Annual Credits.)

If you take a withdrawal prior to the Target Date, we reduce the Target Amount on a pro rata basis, and we do not apply an Annual Credit for that year. If you continue to take withdrawals prior to the Target Date, we may reduce any remaining Target Amount to zero. If you anticipate the need for liquidity during the first 10 Contract Years, you should only have purchased an Income Plus For Life<sup>®</sup> 12.08 Rider based on the value of its other features.

At the end of the Ten Year Credit Period, we calculate and, to the extent necessary, apply a Credit so that the Benefit Base equals the *greater* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base immediately preceding the Target Date, as increased by any Annual Credit or Step-Up for the Contract Year ending on the Target Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Target Amount.

The Target Amount is 170% of all "Adjusted Purchase Payments" made in the first Contract Year after you purchased the Rider plus 100% of all subsequent "Adjusted Purchase Payments" you make (subject to our Purchase Payment limits) up to the Target Date.

"Adjusted Purchase Payments" for these purposes means the total amount of Purchase Payments you make, subject to our Purchase Payment limits, reduced by any withdrawals you may have made. Each time you take a withdrawal, we deduct the entire amount of that withdrawal (including any withdrawal charges) on a pro rata basis from the total amount of Purchase Payments you have made, up to and including the date of the withdrawal. We do this by reducing your Adjusted Purchase Payments in the same proportion that your Contract Value is reduced by the entire amount of the withdrawal. We reduce the Target Amount if you take any withdrawals under your Contract from the effective date of the Income Plus For Life<sup>®</sup> 12.08 Rider until the applicable Target Date. We increase the Target Amount to reflect Additional Purchase Payments during that period.

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| |
|:---|
| We apply Annual Credits on your Contract Anniversaries if you have taken no withdrawals during the preceding Contract <br> Year. For additional details on how we calculate the Annual Credit, please see the Example above.<br>|
| The Ten Year Credit provides the equivalent of the first 10 Annual Credits, assuming you receive no Step-Ups, take no <br> withdrawals of Contract Value and make no Additional Purchase Payments during the Ten Year Credit Period. We do not <br> apply any Annual Credit or Ten Year Credit to the extent it increases the Benefit Base to an amount in excess of $5 million.<br>|

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**Step-Ups.** The Income Plus For Life<sup>®</sup> 12.08 Series Riders provide Step-Ups. We discuss how the Step-Up works below. The Step-Up compares your Contract Value on a Step-Up Date to certain previously calculated guaranteed amounts. Step-Up Dates coincide with the first Contract Anniversary after you purchased the Rider and every Contract Anniversary thereafter, up to and including the Age 95 Contract Anniversary. You will no longer be eligible for Step-Ups, however, if you decline a scheduled increase in the Rider fee rate (see "Rider Fees" earlier in this Appendix).

*How Step-Ups Work.* If the Contract Value on any Step-Up Date is greater than the Benefit Base (including any Credit) on that date, we will automatically step up the Benefit Base to equal the Contract Value (subject to the maximum Benefit Base limit of $5 million). We will also increase the Lifetime Income Amount (after the Lifetime Income Date) and the dollar amount of the Rider fee (see "Rider Fees" earlier in this Appendix). The new Lifetime Income Amount will equal 5% of the Benefit Base value after the Step-Up (4.75% for Income Plus For Life – Joint Life<sup>®</sup> 12.08 Riders outside New York; 4.5% in New York), and the Rider fee will be based on the increased Benefit Base. We also reserve the right to increase the rate of the Income Plus For Life<sup>®</sup> 12.08 Rider fee up to a maximum rate of 1.20%. If we decide to increase the rate at the time of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the automatic Step-Up. If you decline the Step-Up, the fee rate will not be increased.

*Impact of Step-Ups on Credit Period.* Each time a Step-Up occurs, we extend the Credit Period for Annual Credits to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

*Declination of Step-Ups.* If you decline an automatic Step-Up, you have the option to elect to step up the Benefit Base (as well as Lifetime Income Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base, we thereafter resume automatic Step-Ups.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 12.08 Rider when you, the Covered Person, are 61, you take no withdrawals during the first three Contract Years and the applicable Annual Credit Rate is 7%. Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and that the Contract Value on the third Contract Anniversary is $125,000. The Benefit Base on the third Contract Anniversary including the Annual Credits for the first three Contract Years is $121,000. Since the Contract Value of $125,000 is greater than the current Benefit Base including the Credit, the Benefit Base increases to $125,000 and the Lifetime Income Amount increases to $6,250 (5% × $125,000). If no withdrawals are taken in the fourth Contract Year, the Annual Credit on the fourth Contract Anniversary equals $8,750 (7% × $125,000).

Step-Ups may occur only while the Income Plus For Life<sup>®</sup> 12.08 Series Rider is in effect.<br>

*Withdrawals, Distributions and Settlements* 

**Overview.** The Income Plus For Life<sup>®</sup> 12.08 Series Riders provide a guaranteed minimum withdrawal benefit during the Accumulation Period. In particular, these Riders permit you to withdraw a minimum annual amount, for as long as a Covered Person lives, subject to the terms and conditions of the Rider. We may have determined the amount of the initial guarantee after we issued your Contract, depending on the age of the Covered Person when we issued the Contract. We may increase the guarantee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by one or more Credits if you make no withdrawals during certain Contract Years, up to limits described in the "Credits" section, above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a result of a Step-Up of the guarantee (see preceding section) to reflect your then-current Contract Value on certain Contract Anniversary dates; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you make an Additional Purchase Payment that we accept under a Financial Account Plan or Payroll Plan (up to specified limits and if not otherwise restricted).

Although these Riders guarantee a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. We reduce your Contract Value and your death benefit each time you take a withdrawal (see "Death Benefit During Accumulation Period" in "VII. Description of the Contract"). We may

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reduce the Benefit Base and Lifetime Income Amount values if you take Excess Withdrawals. If you experience unfavorable investment performance (and therefore your Contract Value is less than your Benefit Base) and then take withdrawals, your future Lifetime Income Amount could be significantly reduced. *If Contract Value or your Benefit Base declines to zero before the Lifetime Income Date, you will lose the guaranteed minimum withdrawal benefit under the Rider (see "Settlement Phase" in this section, below).* 

**Excess Withdrawals.** We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals for more than the amount guaranteed under the terms of the Rider you select. Your future Lifetime Income Amount could be significantly reduced if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take withdrawals prior to the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

For the Income Plus For Life<sup>®</sup> 12.08 Series Riders, an Excess Withdrawal is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take before the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take on and after the Lifetime Income Date that, together with all other withdrawals taken during a Contract Year (including any applicable withdrawal charges) previously taken during the Contract Year of withdrawal, exceeds the Lifetime Income Amount at the time of withdrawal.

After the Lifetime Income Date, we do not consider withdrawals under our Life Expectancy Distribution Program to result in an Excess Withdrawal unless you take additional withdrawals outside of that program.

If you experience unfavorable investment performance, an Excess Withdrawal could result in substantial reductions to your Contract Value and Benefit Base. Your future Lifetime Income Amount could be significantly reduced, and if both your Contract Value and Benefit Base decline to zero before the Lifetime Income Date, you will lose your guaranteed minimum withdrawal benefit.

**Withdrawals before the Lifetime Income Date.** Each time you take a withdrawal before the Lifetime Income Date, we generally reduce the Benefit Base on a pro rata basis. This means that we reduce the Benefit Base in the same proportion that your Contract Value is reduced by the Withdrawal Amount. We use a different method if you take a withdrawal under our Life Expectancy Distribution Program.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 12.08 Series Rider that names you as the Covered Person when you are 45. (Since you are under age 58½, or 61 in New York, at time of purchase, the Lifetime Income Date will not coincide with the Rider's effective date.) Now assume that in the eighth Contract Year, when you are 53, the Contract Value is $80,000, the Benefit Base is $90,000, no withdrawal charges apply under your Contract and you withdraw $5,000 of Contract Value.

In this case, you reduce your Contract Value by 6.25% (i.e., $5,000/$80,000) and we reduce your Benefit Base by the same percentage ($90,000 × 0.0625, or $5,625). The Benefit Base after the Excess Withdrawal is $90,000 – $5,625, or $84,375.

Note: withdrawals may be taxable and if made prior to age 59½ may be subject to a 10% penalty tax (see "IX. Federal Tax Matters").

**Withdrawals after the Lifetime Income Date.** Each time you take a withdrawal after the Lifetime Income Date, we first determine if the Withdrawal Amount is entirely or partially an Excess Withdrawal (i.e., a withdrawal, including any withdrawal charges, that exceeds the Lifetime Income Amount when combined with any other withdrawal(s) for that Contract Year). If so, we reduce the Benefit Base on a pro rata basis. We do this by reducing your Benefit Base in the same proportion that your Contract Value is reduced by the entire amount of the withdrawal that resulted in an Excess Withdrawal.

Each time we reduce the Benefit Base, we also reduce the Lifetime Income Amount to equal 5% of the new Benefit Base. We also reduce the Benefit Base and the Lifetime Income Amount for each subsequent Excess Withdrawal that you take during that Contract Year.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *12.08)* : Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 12.08 Rider. Also assume that when you are age 62, the Contract Value is $100,000, the Benefit Base is $110,000, and the Lifetime Income Amount is $5,500. If you withdraw $10,000, we first reduce your Contract Value by 10% ($10,000/$100,000) and since this withdrawal is an Excess Withdrawal we reduce your Benefit Base by the same percentage ($110,000 × .10 =

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$11,000). The Benefit Base after the Excess Withdrawal is $99,000 ($110,000 – $11,000) and the Lifetime Income Amount is $4,950 (.05 × $99,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *12.08)*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider. Also assume that when the younger Covered Person is age 62, the Contract Value is $100,000, the Benefit Base is $110,000, the Lifetime Income Amount is $5,225 and the Benefit Rate is 4.75%. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we reduce your Benefit Base by 10% ($10,000/$100,000). The new Benefit Base is $99,000 ($110,000 – 10% × $110,000 = $110,000 – $11,000). The new Lifetime Income Amount is $4,703 (4.75% × $99,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *12.08 in New York)*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider in New York. Also assume that when the younger Covered Person is age 62, the Contract Value is $100,000, the Benefit Base is $110,000, the Lifetime Income Amount is $4,950 and the Benefit Rate is 4.50%. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we reduce your Benefit Base by 10% ($10,000/$100,000). The new Benefit Base is $99,000 ($110,000 – 10% × $110,000 = $110,000 – $11,000). The new Lifetime Income Amount is $4,455 (4.50% × $99,000).

We do not reduce the Benefit Base and/or the Lifetime Income Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the withdrawals are taken under our Life Expectancy Distribution Program (as opposed to those withdrawals taken prior to the Lifetime Income Date, which do reduce the Benefit Base), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if your total Withdrawal Amounts during a Contract Year are less than or equal to the Lifetime Income Amount.

The Income Plus For Life<sup>®</sup> 12.08 Series Riders enter a Settlement Phase in any Contract Year that your Contract Value declines to zero if your Benefit Base is greater than zero at that time and you have taken no Excess Withdrawals during that Contract Year. *In the event of an Excess Withdrawal, you will lose the guaranteed minimum withdrawal benefit under the Rider, and the Rider will not enter the Settlement Phase, if Contract Value declines to zero during the Contract Year of the Excess Withdrawal* (see "Settlement Phase" in this section, below). The Income Plus For Life<sup>®</sup> 12.08 benefit terminates if both the Contract Value and Benefit Base immediately after a withdrawal are equal to zero.

**Pre-Authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with an Income Plus For Life<sup>®</sup> 12.08 Series Rider, you can pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. We offer our Income Made Easy Program for Contracts with the Rider to provide payment of an income for the lifetime of the Covered Person. The full allowable amount is based on the Lifetime Income Amount. You can start taking withdrawals under the Income Made Easy Program no sooner than the Lifetime Income Date for your Rider (see "Pre-Authorized Withdrawals – The Income Made Easy Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** The Life Expectancy Distribution Program is available with the Income Plus For Life<sup>®</sup> 12.08 Series Riders (see the "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

Each withdrawal under our Life Expectancy Distribution Program reduces your Contract Value. We reduce the Benefit Base by the amount of the withdrawal if you take a withdrawal under our Life Expectancy Distribution Program prior to the Lifetime Income Date. We do not reduce your Benefit Base or Lifetime Income Amount if a withdrawal under the Life Expectancy Distribution Program on or after the Lifetime Income Date (for an amount we calculate based on our current understanding and interpretation of federal tax law) causes total withdrawals during a Contract Year to exceed the Lifetime Income Amount and all withdrawals during that year were under our Life Expectancy Distribution Program.

**Settlement Phase.** We automatically begin making payments to you under the "Settlement Phase" of a an Income Plus For Life<sup>®</sup> 12.08 Series Rider if your Contract Value reduces below a minimum required amount and you satisfy the conditions described in the Rider. During the Settlement Phase, the Contract continues but all other rights and benefits under the Contract, including death benefits and any optional benefit Riders, terminate. We do not accept Additional Purchase Payments for, apply additional Credits or make any Step-Ups to, or deduct any charges from a Rider during the Settlement Phase. You cannot annuitize once the Settlement Phase begins.

The Settlement Phase under the Rider begins if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value reduces to zero at any time during a Contract Year; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• there were no Excess Withdrawals during that Contract Year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base is still greater than zero at the time.

There is no Settlement Phase under an Income Plus For Life<sup>®</sup> 12.08 Series Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take any withdrawal before the earliest available Lifetime Income Date and the Contract Value declines to zero during the Contract Year of the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take a withdrawal on or after the earliest available Lifetime Income Date that is an Excess Withdrawal and the Contract Value declines to zero during the Contract Year of the withdrawal.

The settlement amount we pay to you under the Rider varies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase after the Lifetime Income Date, at the start of the Settlement Phase we will pay an initial settlement amount equal to the remaining Lifetime Income Amount for that Contract Year, and make additional annual payments of the Lifetime Income Amount as long as the Covered Person is living.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase before the Lifetime Income Date, we will begin making annual settlement payments following the Lifetime Income Date as long as the Covered Person is living. In this case, the annual amount will equal the Lifetime Income Amount (i.e., 5% of the Benefit Base at the Lifetime Income Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In lieu of annual payments of the settlement amount, we will permit you to elect monthly, quarterly or semi-annual installment payments of the Lifetime Income Amount.

*Impact of Death Benefits* 

**Income Plus For Life**<sup>®</sup> **12.08.** If the Beneficiary does not take the death benefit as a lump sum, the following applies:

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| | | |
|:---|:---|:---|
| **If the Deceased**<br> **Owner is:** | **If the Deceased**<br> **Owner is:** | &nbsp;&nbsp; **Then**<br> **INCOME PLUS FOR LIFE**<sup>®</sup> **12.08:**  |
| 1. | Not the Covered Person | &nbsp;&nbsp; may continue if the Beneficiary elects to continue the Contract within the time <br> we permit under our administrative rules. We automatically increase the Benefit <br> Base to equal the initial death benefit we determine, if the death benefit is <br> greater than the Benefit Base prior to our determination. We also recalculate the <br> Lifetime Income Amount to equal 5% of the recalculated Benefit Base and <br> assess the Rider Fee based on the recalculated Benefit Base.<br>|
| 1. | Not the Covered Person | &nbsp;&nbsp; enters its Settlement Phase if a subsequent withdrawal depletes the Contract <br> Value to zero, and the remaining Lifetime Income Amount for the year of <br> withdrawal is still greater than zero.<br>|
| 1. | Not the Covered Person | &nbsp;&nbsp; continues to be eligible for any remaining Credit amounts and Step-Ups, and a <br> Target Amount adjustment, but we change the date we determine and apply these <br> benefits to future anniversaries of the date we determine the initial death benefit. <br> We permit the Beneficiary to opt out of an increase in the Benefit Base, if any, to <br> reflect the initial death benefit and any future Step-Ups if we increase the rate of <br> the Income Plus For Life<sup>®</sup> 12.08 fee at that time.<br>|
| 2. | The Covered Person | ends without any further benefit. |

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*Death benefits during the Settlement Phase.* If you die during the Settlement Phase, the only death benefits we provide are the remaining settlement payments that may become due under the Income Plus For Life<sup>®</sup> 12.08 Rider. If the Covered Person dies during the Settlement Phase, we reduce the Lifetime Income Amount to zero and make no further payments. If the Beneficiary is an individual, the Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. Otherwise, the entire interest must be distributed within five years of the Owner's death.

**Income Plus For Life – Joint Life**<sup>®</sup> **12.08.** If the Beneficiary continues a Contract in force following the death of an Owner, coverage under an Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider ends if the deceased Owner is the last Covered Person under the Rider. If the Beneficiary continues a Contract in force following the death of an Owner, coverage under the Rider may continue only if: (a) the deceased Owner is the first Covered Person under the Rider to die; and either (b) the surviving Covered Person is a Spousal Beneficiary; or (c) the surviving Covered Person is a Spouse of the deceased Owner and a tax-qualified retirement plan is the non-Spousal Beneficiary. If the death benefit is greater than the Contract Value, we will

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increase the Contract Value to equal the amount of the death benefit (but will not increase the Benefit Base, Lifetime Income Amount, Credits or Step-Ups).

If the Rider continues, we will determine the Adjusted Benefit Base and the Rider fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death of First Covered Person.* If the first Covered Person to die is an Owner of the Contract (or deemed to be an Owner if the Owner is a non-natural person), the surviving Covered Person may elect to continue the Contract in effect in lieu of receiving the Contract's death benefit as a lump sum, subject to the distribution options listed in the Contract. (See "Death after Removal of a Covered Person" below if there is no surviving Covered Person.) If the Contract continues, the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider will continue. We will continue to provide the Lifetime Income Amount guarantee only for the lifetime of the surviving Covered Person and continue to charge the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider fee (see "Rider Fees – Fee for Income Plus For Life<sup>®</sup> 12.08 Series Riders" earlier in this Appendix). If the death benefit is greater than the Contract Value, we will increase the Contract Value to equal the amount of the death benefit (but will not make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups). We will treat any distribution of death benefits under a Contract as a withdrawal for purposes of subsequent calculations of the Benefit Base and the Lifetime Income Amount.

If the first Covered Person to die is not the Owner (and is not deemed to be an Owner if the Owner is a non-natural person), no death benefit is payable under the Contract. The Rider will continue in effect and we will base the duration of the Lifetime Income Amount only on the lifetime of the surviving Covered Person. We will continue to charge the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider fee; however, we will make no adjustments to the Contract Value or make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups.

**We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs from the amount and duration in effect before the death of the first Covered Person.** 

*Death of Last Covered Person.* If the surviving Covered Person dies while the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider is in effect we will reduce the Lifetime Income Amount to zero and we make no additional payments under the Rider to the Beneficiary.

*Death after Removal of a Covered Person.* In certain instances, a person initially designated as a Covered Person may be removed as a Covered Person from the Rider. If that happens and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *removed* Covered Person subsequently dies, there will be no impact on the guarantees provided by the Rider in most cases; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *remaining* Covered Person subsequently dies, we will consider that Covered Person to be the "last" Covered Person and the Rider will terminate.

*Death Benefits during the Settlement Phase.* If death occurs during an Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider's Settlement Phase, the only death benefit we provide is the remaining settlement payments that may become due under that Rider. If the death of the first Covered Person occurs while the Rider is in its Settlement Phase, no additional death benefit is payable under the Contract and, in most instances, we will continue to make settlement payments in the same manner as before the death. If the death occurs before the Lifetime Income Date, we will compute a Lifetime Income Amount during the Settlement Phase on the Lifetime Income Date. Settlement payments will equal the Lifetime Income Amount. **We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs from the amount and duration in effect before the death of the first Covered Person.** 

*Termination of Rider* 

You may not terminate an Income Plus For Life<sup>®</sup> 12.08 Series Rider once it is in effect. However, an Income Plus For Life<sup>®</sup> 12.08 Series Rider terminates automatically upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a death benefit is payable and the Beneficiary takes the death benefit as a lump sum under the terms of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date an Annuity Option begins;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Contract Value and the Benefit Base both equal zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *12.08*) the death or removal of the Covered Person;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *12.08*) the death or removal of the last Covered Person remaining under the Rider;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a new GMWB Rider becomes effective under any Rider exchange program that we may make available; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of the Contract.

**Features of Income Plus For Life**<sup>®</sup> **(Quarterly Step-Up Review) Series Riders** 

*Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review) Series Definitions* 

The following definitions apply only to the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders.

**Age 59 Contract Anniversary** means the Contract Anniversary on, or next following, the date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Covered Person turns age 59 under an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the younger Covered Person turns age 59 under an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider.

**Adjusted Step-Up Value:** We establish tentative Step-Up values on each "Interim Review Date" (defined below) during a Contract Year, adjusted to reflect any Excess Withdrawals and Additional Purchase Payments made from the Interim Review Date to the end of that Contract Year. Then, at the end of the Contract Year, we compare each of the tentative Step-Up values (as adjusted above) for that Contract Year and select the highest Adjusted Step-Up Value. If the highest Adjusted Step-Up Value is higher than your Benefit Base (including any Credits, if applicable) on the Contract Anniversary, we will increase the Benefit Base to equal the highest Adjusted Step-Up Value.

**Interim Review Date:** Each of the quarterly dates on which we compare the Rider's Benefit Base to the Contract Value during a Contract Year, up to and including the Age 95 Contract Anniversary while the Rider is in effect.

*Form of Guaranteed Amounts* 

The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders provide a lifetime income guarantee based on a single life (Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review)) or on the lifetime durations of two Covered Persons (Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review)).

*IPFL (Quarterly Step-Up Review) Benefits* 

**Lifetime Income Amount.** The Rider provides our guarantee that a Lifetime Income Amount will be available for withdrawal each Contract Year, beginning on a Lifetime Income Date as long as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review))*: the Covered Person remains alive and is designated as an Owner (or an Annuitant, subject to our underwriting rules) under the Contract, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review))*: either Covered Person remains alive and is designated as an Owner, Beneficiary or Annuitant under the Contract.

*The Rider terminates upon the death of the last Covered Person or upon a change in Owner, Beneficiary or Annuitant that removes the last Covered Person from the Contract as an Owner, Beneficiary or Annuitant.* 

We determine the initial Lifetime Income Amount by multiplying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Rate for the Rider (5% for Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review), 4.75% for Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) and 4.50% for New York Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review)); by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base for the Rider on the Lifetime Income Date.

The maximum Lifetime Income Amount for an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider is $250,000. The maximum Lifetime Income Amount for an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider is $237,500 ($225,000 in New York). We calculate a lower Lifetime Income Amount under the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider because we provide our guarantee over the lifetimes of two Covered Persons under that Rider.

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EXAMPLE *(Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review))*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 5%, the Lifetime Income Amount is $5,000 (5% × $100,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review))*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 4.75%, the Lifetime Income Amount is $4,750 (4.75% × $100,000). In New York, if the Benefit Rate is 4.50%, the Lifetime Income Amount is $4,500 (4.50% × $100,000).

We reduce the Lifetime Income Amount if you take Excess Withdrawals. Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

We increase the Lifetime Income Amount to reflect Additional Purchase Payments, Credits and Step-Ups that we may apply to your Rider's Benefit Base and/or Benefit Rate increases due to deferral of withdrawals after the Lifetime Income Date. Please see "Increases in Guaranteed Amounts" in this section, below, for more information.

**Lifetime Income Date.** The Lifetime Income Amount guarantee starts on a Lifetime Income Date. This is the date you purchased the Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review))* you were age 58½ or older at the time (age 61 or older for Riders issued in New York); otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date you turn age 58½ (age 61 in New York).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review))* both you and your Spouse were age 58½ or older at the time (age 61 or older for Riders issued in New York); otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date the younger Spouse would turn age 58½ (age 61 in New York). (The Lifetime Income Date does not change if the younger Spouse does not survive to this date and the older Spouse is still a Covered Person under the Rider.)

Benefits under the Rider may be affected if you purchased the Rider before the earliest available Lifetime Income Date and you take a withdrawal before then. Please see "Withdrawals before the Lifetime Income Date" for more information.

We determine the initial Lifetime Income Amount on the Lifetime Income Date. You cannot change or defer the Lifetime Income Date under the Rider, but you may continue to be eligible for Credits and Step-Ups if you defer taking withdrawals (see "Increases in Guaranteed Amounts" below).

*Benefit Base* 

We use a Benefit Base to determine the Lifetime Income Amount. The maximum Benefit Base at any time is $5 million. The initial Benefit Base is equal to your initial Purchase Payment (up to $5 million). If we allowed you to purchase the Rider after the first Contract Year, we may have determined the initial Benefit Base based on your Contract Value after the first Contract Year.

We reduce the Benefit Base if you take Excess Withdrawals. We may reduce the Benefit Base to reflect these withdrawals either on a dollar-for-dollar basis or on a pro-rata basis, depending on the nature of the withdrawal. During periods of declining investment performance, Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

We increase the Benefit Base to reflect Additional Purchase Payments, Credits and Step-Ups. Please see "Increases in Guaranteed Amounts" in this section, below, for more information.

*Benefit Rate* 

We use the following Benefit Rates to determine the Lifetime Income Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review) –* 5%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review) –* 4.75% (4.50% in New York).

Because we provide our guarantee over the lifetimes of two Covered Persons under an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider, we use a lower Benefit Rate than we do under an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider.

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*Increases in Guaranteed Amounts* 

**Additional Purchase Payments.** Our restrictions on Additional Purchase Payments may prevent you from increasing the amounts we guarantee under an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider (see "Restrictions on Additional Purchase Payments," above).

Prior to the Lifetime Income Date, we will increase the Benefit Base each time you make an Additional Purchase Payment that we accept, subject to the maximum Benefit Base limit of $5 million.

On and after the Lifetime Income Date, we may increase the Benefit Base each time you make an Additional Purchase Payment, up to the maximum Benefit Base of $5 million. The new Benefit Base will be the Benefit Base immediately before the Additional Purchase Payment, plus the excess, if any, of the Additional Purchase Payment (subject to our Purchase Payment limits) over any Withdrawal Amount (reduced by any subsequent Purchase Payment) since the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the latest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a Purchase Payment that we applied to the Benefit Base;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a reduction in the Benefit Base; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effective date of a Step-Up.

EXAMPLE: Assume you took a withdrawal of $5,000 after the Lifetime Income Date, your current Benefit Base is $100,000, and you make an Additional Purchase Payment of $15,000. Your Benefit Base will increase by $10,000, the excess of the Additional Purchase Payment over the prior withdrawal ($15,000 – $5,000). Your new Benefit Base will equal $110,000. Assume that the following year you take an excess withdrawal of $10,000 that reduces your Benefit Base to $105,000. If you then make an Additional Purchase Payment of $10,000, the entire $10,000 will be added to your current Benefit Base, since the Benefit Base was reduced by the previous withdrawal. The new Benefit Base will be $115,000 ($105,000 + $10,000).

**Credits.** The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider provides the following Credit features:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annual Credit Rate –

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued outside of New York, each time you qualify, we will increase the Benefit Base by a Lifetime Income Credit equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of total Purchase Payments to your Contract if we did not previously step up the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of the Benefit Base immediately after the latest Step-Up or reduction, increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued in New York with Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review), the Credit will be equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6% of total Purchase Payments to your Contract, if we did not previously step up or reduce the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6% of the Benefit Base immediately after the latest Step-Up (if greater than the amount used to calculate the previous Credit) or reduction of the Benefit Base (if less than the amount used to calculate the previous Credit), increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• During the Lifetime Income Credit Period, if you take no withdrawals in a Contract Year that begins on or after you turn age 61, the Annual Credit Rate on the following Contract Anniversary will be 7%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued in New York with Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review), there is no Credit payable for Contract Years up to and including the Contract Year when the younger of you or your Spouse turns age 61. If you take no withdrawals in a Contract Year that begins on or after the younger of you or your Spouse turns age 61, the Credit on the following Contract Anniversary will equal:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of total Purchase Payments to your Contract, if we did not previously step up or reduce the Benefit Base and/or the Lifetime Income Amount; otherwise

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of the Benefit Base immediately after the latest Step-Up (if greater than the amount used to calculate the previous Credit) or reduction of the Benefit Base (if less than the amount used to calculate the previous Credit), increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Period (for Annual Credits) for Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) and Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) (except in New York) – The initial Credit Period coincides with the first 10 Contract Years while the Rider is in effect. We will extend the Credit Period for Annual Credits each time a Step-Up occurs to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Period (for Annual Credits) for Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) (in New York) – The initial Credit Period coincides with the first 10 Contract Years, starting on the Contract Anniversary after the youngest Covered Person turns age 61, while the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider is in effect. We will extend the Credit Period for Annual Credits each time a Step-Up occurs to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ten Year Credit Rate – See "Ten Year Credit" below for a description of the rate we use to calculate a Ten Year Credit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ten Year Credit Period – The Credit Period for the Ten Year Credit ends on a "Target Date" that coincides with the 10th Contract Anniversary after the effective date of the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider.

*Annual Credits.* (We refer to an Annual Credit in your Rider as a "Bonus" and we may refer to Annual Credits as "Deferral Credits" in our communications.) We increase the Benefit Base on each Contract Anniversary during the Credit Period for Annual Credits, provided you take no withdrawals during the previous Contract Year.

Each time you qualify, we increase the Benefit Base by an Annual Credit equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the sum of total Purchase Payments to your Contract multiplied by the Annual Credit Rate if we did not previously step up the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base immediately after the latest Step-Up or reduction multiplied by the Annual Credit Rate, and increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. We do not decrease the Annual Credit as a result of a Step-Up and do not increase the Annual Credit as a result of a reduction in the Benefit Base.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider when you, the Covered Person, are 61, you take no withdrawals during the first and second Contract Year and the applicable Annual Credit Rate is 7%. Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we apply an Annual Credit to the Benefit Base and increase it to $107,000 ($100,000 + 7% × $100,000). The Lifetime Income Amount increases to $5,350 (5% × $107,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we apply an Annual Credit to the Benefit Base and increase it again to $114,000 ($107,000 + 7% × $100,000). The Lifetime Income Amount increases to $5,700 (5% × $114,000).

Now assume you take an Excess Withdrawal of $10,000 during the third Contract Year that reduces the Benefit Base to $100,000, and you take no withdrawal and make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you take a withdrawal during the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply an Annual Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (7% × ($100,000 + $5,000) = $7,350). The Benefit Base increases to $112,350 ($100,000 + $5,000 + $7,350) and the Lifetime Income Amount increases to $5,618 (5% × $112,350).

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| |
|:---|
| We apply Annual Credits on your Contract Anniversaries if you have taken no withdrawals during the preceding Contract <br> Year. For additional details on how we calculate the Annual Credit, please see the Example above.<br>|
| We do not apply any Annual Credit to the extent it would increase the Benefit Base to an amount in excess of $5 million. |

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*Ten Year Credit. (not available with NY Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review))* (We may refer to the Ten Year Credit as a "Target Amount adjustment" in your Rider and in our communications.) At the end of the Ten Year Credit Period, we make a calculation and, to the extent necessary, apply a Credit so that the Benefit Base will equal the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the current Benefit Base, as increased by any Annual Credit or Step-Up for the Contract Year ending on the Target Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the "Target Amount"(see below).

**The "Ten Year Credit Period" will exceed ten Contract Years if you purchased this Rider before a Covered Person turned age 59.** 

The Target Amount is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 200% of all "Adjusted Purchase Payments" (see below) made in the first Contract Year after you purchased the Rider plus 100% of all subsequent Adjusted Purchase Payments you make until the Target Date (subject to our Purchase Payment limits); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the highest Target Value.

In no event, however, will we set a Target Amount in excess of $5 million.

Adjusted Purchase Payments, for these purposes, means the total amount of Purchase Payments you make, subject to our Purchase Payment limits, reduced by any withdrawals you may have made. Each time you take a withdrawal, we will deduct the entire amount of that withdrawal (including any withdrawal charges) on a pro rata basis from the total amount of Purchase Payments you have made up to, and including, the date of the withdrawal. We do this by reducing your Adjusted Purchase Payments in the same proportion that your Contract Value is reduced by the entire amount of the withdrawal.

We calculate a Target Value for each Contract Year up to the Age 59 Contract Anniversary. Target Value, for these purposes, means 200% of your Contract Value as of any Interim Review Date (up to the Age 59 Contract Anniversary), plus 100% of Purchase Payments you may have made since that Contract Anniversary, minus a pro rata reduction for any Withdrawal Amounts you may have taken since that Contract Anniversary. We do not calculate a Target Value for any Contract Year following the Age 59 Contract Anniversary.

We reduce the Target Amount if you take any withdrawals under your Contract from the effective date of the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider until the end of the Ten Year Credit Period. We increase the Target Amount to reflect Additional Purchase Payments during that period and, in some cases, we also increase the Target Amount to reflect favorable investment performance.

EXAMPLE: Assume a Contract (single life or joint life) is purchased at age 55 with an initial Purchase Payment of $100,000, there is an Additional Purchase Payment of $25,000 in the second Contract Year, and the highest Contract Value on any Interim Review Date prior to the Age 59 Contract Anniversary is $140,000 in the 4th Contract Year. The Target Amount is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (200% × $100,000) + (100% × $25,000) = $225,000; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 200% × $140,000 = $280,000.

The Target Amount adjustment can provide higher lifetime income than you would otherwise achieve under this Rider. The <br> Target Amount adjustment provides its greatest benefit if you wait until the Target Date to take your first withdrawal. If you <br> take a withdrawal prior to the Target Date, we will reduce the Target Amount and it will not be of as much value to you. If <br> you continue to take withdrawals prior to the Target Date, we may reduce any remaining Target Amount to zero.<br>

**Step-Ups.** The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders provide Step-Ups. We discuss how the Step-Up works below. The Step-Up compares your Contract Value on a Step-Up Date to certain previously calculated guaranteed amounts. Step-Up Dates coincide with the first Contract Anniversary after you purchased the Rider and every Contract Anniversary thereafter, up to and including the Age 95 Contract Anniversary. You will no longer be eligible for Step-Ups, however, if you decline a scheduled increase in the Rider fee rate (see "Rider Fees" earlier in this Appendix).

*How Step-Ups Work.* We schedule Step-Up Dates starting on the first Contract Anniversary following your purchase of the Rider and on each Contract Anniversary after that, up to and including the Age 95 Contract Anniversary.

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On each Step-Up Date, we compare the Benefit Base (including any applicable Annual Credit) to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value on that date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Adjusted Step-Up Value for each Interim Review Date during the immediately preceding Contract Year.

If the Contract Value or any such Adjusted Step-Up Value on any Step-Up Date is greater than the Benefit Base (including any Annual Credit) on that date, we will automatically step up the Benefit Base to equal the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value on the Contract Anniversary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the highest Adjusted Step-Up Value for any Interim Review Date, during the immediately preceding Contract Year.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider when you, the Covered Person, are 61, you take no withdrawals during the first three Contract Years and the applicable Annual Credit Rate is 7%. Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and that the Contract Value on the third Contract Anniversary is $125,000. The Benefit Base on the third Contract Anniversary including the Annual Credits for the first three Contract Years is $121,000. Since the Contract Value of $125,000 is greater than the current Benefit Base including the Credit, the Benefit Base increases to $125,000 and the Lifetime Income Amount increases to $6,250 (5% ×$125,000). If no withdrawals are taken in the fourth Contract Year, the Annual Credit on the fourth Contract Anniversary equals $8,750 (7% × $125,000).

In no event, however, would we increase the Benefit Base to exceed $5 million. If we increase the Benefit Base on any Step-Up Date (after the Lifetime Income Date), we also increase the Lifetime Income Amount. The new Lifetime Income Amount equals the Benefit Rate multiplied by the new Benefit Base value after the Step-Up.

*Interim Review Dates and Adjusted Step-Up Values.* Under each of our Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders, we compare the Rider's Benefit Base to the Contract Value on a quarterly basis during each Contract Year, up to and including the Age 95 Contract Anniversary while the Rider is in effect. We call each of these dates an "Interim Review Date."

If the Benefit Base is less than the Contract Value on any Interim Review Date, we establish a tentative Step-Up value for that date. We reduce each tentative Step-Up value on a pro rata basis to reflect any Excess Withdrawals you may have taken from the Interim Review Date to the end of that Contract Year. We increase each tentative Step-Up value by any Additional Purchase Payments (and reduce by any withdrawals) you may have made from the Interim Review Date to the end of that Contract Year. Then, at the end of the Contract Year, we compare each of the tentative Step-Up values, as adjusted to reflect Excess Withdrawals and Additional Purchase Payments ("Adjusted Step-Up Value"), for that Contract Year and select the highest Adjusted Step-Up Value. If the highest Adjusted Step-Up Value is higher than your Benefit Base (including any Credits, if applicable) on the Contract Anniversary, we will increase the Benefit Base to equal the highest Adjusted Step-Up Value.

EXAMPLE: Assume your Benefit Base at the beginning of Contract Year 2 is $100,000 and you make no Additional Purchase Payments during that year. Also assume the highest Adjusted Step-Up Value on an Interim Review Date is at the end of 6 months, when your Contract Value is $110,000. Finally, assume that you take no withdrawals during Contract Year 2 and your Contract Value at the end of the year is $105,000.

Under these assumptions for a single-life Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider, we increase your Benefit Base, but not your Contract Value, to $110,000 at the end of Contract Year 2. We also increase your annual Lifetime Income Amount from $5,000 (5% of $100,000) to $5,500 (5% of $110,000). Your Contract Value equals $105,000 at the end of Contract Year 2.

Under these assumptions for an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider, we increase your Benefit Base, but not your Contract Value, to $110,000 at the end of Contract Year 2. For non-New York Contracts, we also increase your annual Lifetime Income Amount from $4,750 (4.75% of $100,000) to $5,225 (4.75% of $110,000). In New York, we increase your annual Lifetime Income Amount from $4,500 (4.5% of $100,000) to $4,950 (4.5% of $110,000). In each case, your Contract Value equals $105,000 at the end of Contract Year 2.

*Impact of Step-Ups on Rider Fees.* Each time we increase the Benefit Base, we also increase the dollar amount of the Rider fee. The new Rider fee is based on the new Benefit Base. We also reserve the right to increase the rates of the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider fee up to a maximum rate of 1.20%. If we decide to increase the rate at the

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effective date of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the automatic Step-Up (see "Rider Fees" earlier in this Appendix). If you decline the Step-Up, the fee rate will not be increased.

*Impact of Step-Ups on Credit Period.* Each time a Step-Up occurs, we extend the annual Credit Period to the lesser of 10 years from the effective date of the Step-Up Date or the Age 95 Contract Anniversary.

*Declination of Step-Ups.* If you decline an automatic Step-Up, you have the option to elect to Step-Up the Benefit Base (as well as Lifetime Income Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base, we will thereafter resume automatic Step-Ups.

Step-Ups may occur only while the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider is in effect.<br>

*Withdrawals, Distributions and Settlements* 

**Overview.** The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders provide a guaranteed minimum withdrawal benefit during the Accumulation Period. In particular, these Riders permit you to withdraw a minimum annual amount, for as long as a Covered Person lives, subject to the terms and conditions of the Rider. We may have determined the amount of the initial guarantee after we issued your Contract, depending on the age of the Covered Person when we issued the Contract. We may increase the guarantee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by one or more Credits if you make no withdrawals during certain Contract Years, up to limits described in the "Credits" section, above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a result of a Step-Up of the guarantee (see preceding section) to reflect your then-current Contract Value on certain Contract Anniversary dates; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you make an Additional Purchase Payment that we accept under a Financial Account Plan or Payroll Plan (up to specified limits and if not otherwise restricted).

Although these Riders guarantee a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. We reduce your Contract Value and your death benefit each time you take a withdrawal (see "Impact of Death Benefits" in this section, below). We may reduce the Benefit Base and Lifetime Income Amount values if you take Excess Withdrawals. If you experience unfavorable investment performance (and therefore your Contract Value is less than your Benefit Base) and then take withdrawals, your future Lifetime Income Amount could be significantly reduced*. If Contract Value or your Benefit Base declines to zero before the Lifetime Income Date, you will lose the guaranteed minimum withdrawal benefit under the Rider (see "Settlement Phase" in this section, below)*.

We may reduce the Benefit Base and Lifetime Income Amount values if you take Excess Withdrawals. Excess Withdrawals <br> may reduce or eliminate future Lifetime Income Amount values. We reduce your Contract Value and your death benefit <br> each time you take a withdrawal.<br>

**Excess Withdrawals.** We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals for more than the amount guaranteed under the terms of the Rider you selected. Your future Lifetime Income Amount could be significantly reduced if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take withdrawals prior to the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

For the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders, an Excess Withdrawal is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take before the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take on and after the Lifetime Income Date that, together with all other withdrawals taken during a Contract Year (including any applicable withdrawal charges) previously taken during the Contract Year of withdrawal, exceeds the Lifetime Income Amount at the time of withdrawal.

After the Lifetime Income Date, we do not consider withdrawals under our Life Expectancy Distribution Program to result in an Excess Withdrawal unless you take additional withdrawals outside of that program.

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If you experience unfavorable investment performance, an Excess Withdrawal could result in substantial reductions to your Contract Value and Benefit Base. Your future Lifetime Income Amount could be significantly reduced, and if both your Contract Value and Benefit Base decline to zero before the Lifetime Income Date, you will lose your guaranteed minimum withdrawal benefit.

**Withdrawals before the Lifetime Income Date.** Each time you take a withdrawal before the Lifetime Income Date, we generally reduce the Benefit Base on a pro rata basis. This means that we reduce the Benefit Base in the same proportion that your Contract Value is reduced by the Withdrawal Amount. We use a different method if you take a withdrawal under our Life Expectancy Distribution Program.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider that named you as the Covered Person when you were 45. (Since you were under age 58½ at time of purchase, the Lifetime Income Date will not coincide with the Rider's effective date.) Now assume that in the eighth Contract Year, when you were 53, the Contract Value was $80,000, the Benefit Base was $90,000, no withdrawal charges apply under your Contract and you withdrew $5,000 of Contract Value.

In this case, you reduce your Contract Value by 6.25% (i.e., $5,000/$80,000) and we reduce your Benefit Base by the same percentage ($90,000 × 0.0625, or $5,625). The Benefit Base after the Excess Withdrawal is $90,000 – $5,625, or $84,375.

Note: withdrawals may be taxable and if made prior to age 59½ may be subject to a 10% penalty tax (see "IX. Federal Tax Matters").

**Withdrawals after the Lifetime Income Date.** Each time you take a withdrawal after the Lifetime Income Date, we first determine if the Withdrawal Amount is entirely or partially an Excess Withdrawal (i.e., a withdrawal, including any withdrawal charges, that exceeds the Lifetime Income Amount when combined with any other withdrawal(s) for that Contract Year). If so, we reduce the Benefit Base on a pro rata basis. We do this by reducing your Benefit Base in the same proportion that your Contract Value is reduced by the *entire* amount of the withdrawal that resulted in an Excess Withdrawal.

Each time we reduce the Benefit Base, we also reduce the Lifetime Income Amount to equal 5% of the new Benefit Base. We also reduce the Benefit Base and the Lifetime Income Amount for each subsequent Excess Withdrawal that you take during that Contract Year.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider. Also assume that when you are age 62, the Contract Value is $100,000, the Benefit Base is $110,000, and the Lifetime Income Amount is $5,500. If you withdraw $10,000, we first reduce your Contract Value by 10% ($10,000/$100,000) and since this withdrawal is an Excess Withdrawal, we reduce your Benefit Base by the same percentage ($110,000 × .10 = $11,000). The Benefit Base after the Excess Withdrawal is $99,000 ($110,000 – $11,000) and the Lifetime Income Amount is $4,950 (.05 × $99,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider. Also assume that when the younger Covered Person is age 62, the Contract Value is $100,000 and the Benefit Base is $110,000. For non-New York Contracts, the Benefit Rate is 4.75% and the Lifetime Income Amount is $5,225. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we reduce your Benefit Base by 10% ($10,000/$100,000). The new Benefit Base is $99,000 ($110,000 – 10% × $110,000 = $110,000 – $11,000). The new Lifetime Income Amount is $4,703 (4.75% × $99,000).

For New York Contracts, the Benefit Rate is 4.50% and the Lifetime Income Amount would be $4,950. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we reduce your Benefit Base by 10% ($10,000/$100,000). The new Benefit Base is $99,000 ($110,000 – 10% × $110,000 = $110,000 – $11,000). The new Lifetime Income Amount is $4,455 (4.50% × $99,000).

The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders enter a Settlement Phase in any Contract Year that your Contract Value declines to zero if your Benefit Base is greater than zero at that time and you have taken no Excess Withdrawals during that Contract Year*. In the event of an Excess Withdrawal, you will lose the guaranteed minimum withdrawal benefit under the Rider, and the Rider will not enter the Settlement Phase, if Contract Value declines to zero during the Contract Year of the Excess Withdrawal (see "Settlement Phase" in this section, below)*. The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) benefit terminates if both the Contract Value and Benefit Base immediately after a withdrawal are equal to zero.

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**Pre-Authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider, you can pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. We offer our Income Made Easy Program for Contracts with the Rider to provide payment of an income for the lifetime of the Covered Person. The full allowable amount is based on the Lifetime Income Amount. You can start taking withdrawals under the Income Made Easy Program no sooner than the Lifetime Income Date for your Rider (see "Pre-Authorized Withdrawals – The Income Made Easy Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** The Life Expectancy Distribution Program is available with the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

Each withdrawal under our Life Expectancy Distribution Program reduces your Contract Value. We reduce the Benefit Base by the amount of the withdrawal if you take a withdrawal under our Life Expectancy Distribution Program prior to the Lifetime Income Date. We do not reduce your Benefit Base or Lifetime Income Amount if a withdrawal under the Life Expectancy Distribution Program on or after the Lifetime Income Date (for an amount we calculate based on our current understanding and interpretation of federal tax law) causes total withdrawals during a Contract Year to exceed the Lifetime Income Amount and all withdrawals during that year were under our Life Expectancy Distribution Program.

**Settlement Phase.** We automatically begin making payments to you under the "Settlement Phase" of a an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider if your Contract Value reduces below a minimum required amount and you satisfy the conditions described in the Rider. During the Settlement Phase, the Contract continues but all other rights and benefits under the Contract, including death benefits and any optional benefit Riders, terminate. We do not accept Additional Purchase Payments for, apply additional Credits or make any Step-Ups to, or deduct any charges from a Rider during the Settlement Phase. You cannot annuitize once the Settlement Phase begins.

The Settlement Phase under the Rider begins if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value reduces to zero at any time during a Contract Year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• there were no Excess Withdrawals during that Contract Year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base is still greater than zero at the time.

There is no Settlement Phase under an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider if you take any withdrawal before the earliest available Lifetime Income Date and the Contract Value declines to zero during the Contract Year of the withdrawal.

The settlement amount we pay to you under the Rider varies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase after the Lifetime Income Date, at the start of the Settlement Phase we will pay an initial settlement amount equal to the remaining Lifetime Income Amount for that Contract Year, and make additional annual payments of the Lifetime Income Amount as long as the Covered Person is living.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase before the Lifetime Income Date, we will begin making annual settlement payments following the Lifetime Income Date as long as the Covered Person is living. In this case, the annual amount will equal the Lifetime Income Amount (i.e., 5% of the Benefit Base at the Lifetime Income Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In lieu of annual payments of the settlement amount, we will permit you to elect monthly, quarterly or semi-annual installment payments of the Lifetime Income Amount.

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*Impact of Death Benefits* 

**Income Plus For Life**<sup>®</sup> **(Quarterly Step-Up Review)**. If the Beneficiary does not take the death benefit as a lump sum, the following applies:

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| | | |
|:---|:---|:---|
| **If the Deceased**<br> **Owner is:** | **If the Deceased**<br> **Owner is:** | &nbsp;&nbsp; **Then**<br> **INCOME PLUS FOR LIFE**<sup>®</sup> **(Quarterly Step-Up Review):** |
| 1. | Not the Covered Person | &nbsp;&nbsp; may continue if the Beneficiary elects to continue the Contract within the time <br> we permit under our administrative rules. We automatically increase the Benefit <br> Base to equal the initial death benefit we determine, if the death benefit is <br> greater than the Benefit Base prior to our determination. We also recalculate the <br> Lifetime Income Amount to equal 5% of the recalculated Benefit Base and <br> assess the Rider fee based on the recalculated Benefit Base.<br>|
| 1. | Not the Covered Person | &nbsp;&nbsp; enters its Settlement Phase if a subsequent withdrawal depletes the Contract <br> Value to zero, and the remaining Lifetime Income Amount for the year of <br> withdrawal is still greater than zero.<br>|
| 1. | Not the Covered Person | &nbsp;&nbsp; continues to be eligible for any remaining Credit amounts and Step-Ups, and a <br> Target Amount adjustment, but we change the date we determine and apply these <br> benefits to future anniversaries of the date we determine the initial death benefit. <br> We permit the Beneficiary to opt out of an increase in the Benefit Base, if any, to <br> reflect the initial death benefit and any future Step-Ups if we increase the rate of <br> the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) fee at that time.<br>|
| 2. | The Covered Person | ends without any further benefit. |

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If the Beneficiary does not take the death benefit as a lump sum under the terms of the Contract and Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) continues, we will determine the Adjusted Benefit Base and the Rider fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death benefits during the Settlement Phase.* If you die during the Settlement Phase, the only death benefits we provide are the remaining settlement payments that may become due under the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider. If the Covered Person dies during the Settlement Phase, we reduce the Lifetime Income Amount to zero and make no further payments. If the Beneficiary is an individual, the Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. Otherwise, the entire interest must be distributed within five years of the Owner's death.

**Income Plus For Life – Joint Life**<sup>®</sup> **(Quarterly Step-Up Review).** If the Beneficiary continues a Contract in force following the death of an Owner, coverage under an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider ends if the deceased Owner is the last Covered Person under the Rider. If the Beneficiary continues a Contract in force following the death of an Owner, coverage under the Rider may continue only if: (a) the deceased Owner is the first Covered Person under the Rider to die; and either (b) the surviving Covered Person is a Spousal Beneficiary or (c) the surviving Covered Person is a Spouse of the deceased Owner and a tax-qualified retirement plan is the non-Spousal Beneficiary. If the death benefit is greater than the Contract Value, we will increase the Contract Value to equal the amount of the death benefit (but will not increase the Benefit Base, Lifetime Income Amount, Credits or Step-Ups).

If the Rider continues, we will determine the Adjusted Benefit Base and the Rider fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death of First Covered Person.* If the first Covered Person to die is an Owner of the Contract (or deemed to be an Owner if the Owner is a non-natural person), the surviving Covered Person may elect to continue the Contract in effect in lieu of receiving the Contract's death benefit as a lump sum, subject to the distribution options listed in the Contract. (See "Death after Removal of a Covered Person" below if there is no surviving Covered Person.) If the Contract continues, the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider will continue. We will continue to provide the Lifetime Income Amount guarantee only for the lifetime of the surviving Covered Person and continue to charge the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider fee (see "Rider Fees – Fee for Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders" earlier in this Appendix). If the death benefit is greater than the Contract Value, we will increase the *Contract Value* to equal the amount of the death benefit (but will not make any adjustments to the Benefit Base, Lifetime

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Income Amount, Credits or Step-Ups). We will treat any distribution of death benefits under a Contract as a "withdrawal" for purposes of subsequent calculations of the Benefit Base and the Lifetime Income Amount.

If the first Covered Person to die is not the Owner (and is not deemed to be an Owner if the Owner is a non-natural person), no death benefit is payable under the Contract. The Rider will continue in effect and we will base the duration of the Lifetime Income Amount only on the lifetime of the surviving Covered Person. We will continue to charge the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider fee; however, we will make no adjustments to the Contract Value or make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups.

**We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs from the amount and duration in effect before the death of the first Covered Person.** 

*Death of Last Covered Person.* If the surviving Covered Person dies while the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider is in effect we will reduce the Lifetime Income Amount to zero and we no make no additional payments under the Rider to the Beneficiary.

*Death after Removal of a Covered Person.* In certain instances, a person initially designated as a Covered Person may be removed as a Covered Person from the Rider (see "Covered Person" in the definitions above). If that happens and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *removed* Covered Person subsequently dies, there will be no impact on the guarantees provided by the Rider in most cases; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *remaining* Covered Person subsequently dies, we will consider that Covered Person to be the "last" Covered Person and the Rider will terminate.

*Death Benefits during the Settlement Phase.* If death occurs during an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider's Settlement Phase, the only death benefit we provide is the remaining settlement payments that may become due under that Rider. If the death of the first Covered Person occurs while the Rider is in its Settlement Phase, no additional death benefit is payable under the Contract and, in most instances, we will continue to make settlement payments in the same manner as before the death. If the death occurs before the Lifetime Income Date, we will compute a Lifetime Income Amount during the Settlement Phase on the Lifetime Income Date. Settlement payments will equal the Lifetime Income Amount. **We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs from the amount and duration in effect before the death of the first Covered Person.** 

*Termination of Rider* 

You may not terminate an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider once it is in effect. However, the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider terminates automatically upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a death benefit is payable and the Beneficiary takes the death benefit as a lump sum under the terms of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date an Annuity Option begins;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Contract Value and the Benefit Base both equal zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review)*) the death or removal of the Covered Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review)*) the death or removal of the last Covered Person remaining under the Rider;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a new GMWB Rider becomes effective under any Rider exchange program that we may make available; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of the Contract.

**Features of Income Plus For Life**<sup>®</sup> **(Annual Step-Up Review) Series Riders** 

Income Plus For Life<sup>®</sup> (Annual Step-Up Review) has previously been referred to as "Income Plus For Life<sup>®</sup>."

*Form of Guaranteed Amounts* 

Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders provide a lifetime income guarantee based on a single life *(Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review))* or on the lifetime durations of two Covered Persons *(Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review))*.

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*IPFL (Annual Step-Up Review) Benefits* 

**Lifetime Income Amount.** The Rider provides our guarantee that a Lifetime Income Amount will be available for withdrawal each Contract Year, beginning on a Lifetime Income Date as long as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review)*) the Covered Person remains alive and is designated as an Owner, Beneficiary or Annuitant of the Contract, subject to the terms and conditions of the Rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review)*) at least one Covered Person remains alive and qualified as a Covered Person and is designated as an Owner, Beneficiary or Annuitant of the Contract, subject to the terms and conditions of the Rider.

We determine the initial Lifetime Income Amount by multiplying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Rate for the Rider (5% for Income Plus For Life<sup>®</sup> (Annual Step-Up Review), 4.75% for Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review)); by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base for the Rider on the Lifetime Income Date.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 5%, the Lifetime Income Amount is $5,000 (5% × $100,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 4.75%, the Lifetime Income Amount is $4,750 (4.75% × $100,000).

We may reduce the Lifetime Income Amount to reflect withdrawals and Resets, and we may increase the Lifetime Income Amount to reflect Additional Purchase Payments, Credits, a Target Amount adjustment and Step-Ups as provided in the Rider.

**Lifetime Income Date.** The Lifetime Income Date is the date you purchased the Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review)*) you were age 59½ or older at the time (age 61 or older for Riders issued in New York); otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date you turn age 59½ (age 61 in New York) .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review)*) both you and your Spouse were age 59½ or older at the time; otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date the younger Spouse would turn age 59½. (The Lifetime Income Date does not change if the younger Spouse does not survive to this date and the older Spouse is still a Covered Person under the Rider.)

Benefits under the Rider may be affected if you purchased the Rider before the earliest available Lifetime Income Date and take a withdrawal before then. Please see "Withdrawals before the Lifetime Income Date" for more information.

We determine the initial Lifetime Income Amount on the Lifetime Income Date. You cannot change or defer the Lifetime Income Date under the Rider, but you may continue to be eligible for Credits and Step-Ups if you defer taking withdrawals (see "Increases in Guaranteed Amounts" below).

*Benefit Base* 

We use a Benefit Base to determine the Lifetime Income Amount. The maximum Benefit Base at any time is $5 million. The initial Benefit Base is equal to your initial Purchase Payment (up to $5 million). If we allowed you to purchase the Rider after the first Contract Year, we may have determined the initial Benefit Base based on your Contract Value after the first Contract Year.

We reduce the Benefit Base if you take Excess Withdrawals. We may reduce the Benefit Base to reflect these withdrawals either on a dollar-for-dollar basis or on a pro-rata basis, depending on the nature of the withdrawal. During periods of declining investment performance, Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

We increase the Benefit Base to reflect Additional Purchase Payments, Credits and Step-Ups. Please see "Increases in Guaranteed Amounts" in this section, below, for more information.

*Benefit Rate* 

We use the following Benefit Rates to determine the Lifetime Income Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review) –* 5%

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review) –* 4.75%.

Because we provide our guarantee over the lifetimes of two Covered Persons under an Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider, we use a lower Benefit Rate than we do under an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider. We will use the Benefit Rate applicable to the age of the Covered Person (youngest Covered Person under *IPFL – Joint Life (Annual Step-Up Review)*) on the first withdrawal after the Lifetime Income Date to calculate the initial Lifetime Income Amount.

*Increases in Guaranteed Amounts* 

**Additional Purchase Payments.** Our restrictions on Additional Purchase Payments may prevent you from increasing the amounts we guarantee under an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Rider.

Prior to the Lifetime Income Date, we will increase the Benefit Base each time you make an Additional Purchase Payment that we accept (see "Restrictions on Additional Purchase Payments," above), subject to the maximum Benefit Base limit of $5 million.

On and after the Lifetime Income Date, we may increase the Benefit Base each time you make an Additional Purchase Payment, up to a maximum Benefit Base of $5 million. The new Benefit Base will be the Benefit Base immediately before the Additional Purchase Payment, plus the excess, if any, of the Additional Purchase Payment (subject to our Purchase Payment limits) over any Withdrawal Amount (reduced by any subsequent Purchase Payment) since the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the latest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a Purchase Payment that we applied to the Benefit Base;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a reduction in the Benefit Base; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effective date of a Step-Up.

**Credits.** The Income Plus For Life (Annual Step-Up Review) Rider provides the following Credit features:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annual Credit Rate:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% for Riders purchased on or after January 17, 2008 and outside of New York;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6% for Riders purchased before January 17, 2008 or in New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Period (for Annual Credits) – The initial Credit Period coincides with the first 10 Contract Years while the Rider is in effect. We will extend the Credit Period for Annual Credits each time a Step-Up occurs to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ten Year Credit Rate – See "Ten Year Credit" for a description of the rate we use to calculate a Ten Year Credit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ten Year Credit Period – The Credit Period for the Ten Year Credit ends on a "Target Date" that coincides with the 10th Contract Anniversary after the effective date of the Income Plus For Life (Annual Step-Up Review) Rider.

*Annual Credits.* (We refer to an Annual Credit in your Rider as a "Bonus" and we may refer to Annual Credits as "Deferral Credits" in our communications.) We increase the Benefit Base on each Contract Anniversary during the Credit Period for Annual Credits if you take no withdrawals during the previous Contract Year.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider when you, the Covered Person, are 61, you take no withdrawals during the first and second Contract Year and the applicable Annual Credit Rate is 7% (i.e., your Rider was purchased on or after January 17, 2008 outside of New York). Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we apply an Annual Credit to the Benefit Base and increase it to $107,000 ($100,000 + 7% × $100,000). The Lifetime Income Amount increases to $5,350 (5% × $107,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we apply an Annual Credit to the Benefit Base and increase it again to $114,000 ($107,000 + 7% × $100,000). The Lifetime Income Amount increases to $5,700 (5% × $114,000).

Now assume you take an Excess Withdrawal of $10,000 during the third Contract Year that reduces the Benefit Base to $100,000, and you take no withdrawal and make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you took a withdrawal during the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply an Annual Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (7% × ($100,000 + $5,000) = $7,350). The Benefit Base increases to $112,350 ($100,000 + $5,000 + $7,350) and the Lifetime Income Amount increases to $5,618 (5% × $112,350).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider when the younger Covered Person is age 61, you take no withdrawals during the first and second Contract Year and the applicable Annual Credit Rate is 6% (i.e., your Rider was purchased before January 17, 2008). Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we apply an Annual Credit to the Benefit Base and increase it to $106,000 ($100,000 + 6% × $100,000). The Lifetime Income Amount increases to $5,035 (4.75% × $106,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we apply an Annual Credit to the Benefit Base and increase it again to $112,000 ($106,000 + 6% × $100,000). The Lifetime Income Amount increases to $5,320 (4.75% × $112,000).

Now assume you take an Excess Withdrawal of $10,000 during the third Contract Year that reduces the Benefit Base to $100,000, and you take no withdrawal and make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you took a withdrawal during the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply an Annual Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (6% × ($100,000 + $5,000) = $6,300). The Benefit Base increases to $111,300 ($100,000 + $5,000 + $6,300) and the Lifetime Income Amount increases to $5,287 (4.75% × $111,300).

*Ten Year Credit*. (We may refer to the Ten Year Credit as a "Target Amount adjustment" in your Rider and in our communications.) If you take no withdrawals under your Contract from the effective date of the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider until the end of the Ten Year Credit Period, we make a calculation at that time and, to the extent necessary, apply a Credit so that the Benefit Base equals the *greater* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the current Benefit Base, as increased by any Annual Credit or Step-Up for the Contract Year ending on the Target Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Target Amount (see below).

**The "Ten Year Credit Period" will exceed ten Contract Years if you purchased this Rider before a Covered Person turned age 59.** 

The Target Amount is 200% of all Purchase Payments made in the first Contract Year plus 100% of all Additional Purchase Payments you make prior to the Target Date (subject to our Purchase Payment limits). In no event, however, will we set a Target Amount in excess of $5 million.

We reduce the Target Amount to zero if you take any withdrawals under your Contract from the effective date of the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider until the end of the Ten Year Credit Period. We increase the Target Amount to reflect Additional Purchase Payments during that period and, in some cases, we also increase the Target Amount to reflect favorable investment performance.

The Ten Year Credit can provide higher lifetime income than you would otherwise receive under this Rider, as long as you <br> wait until the end of the Target Date to take your first withdrawal.<br>

**Step-Ups.** The Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders provide Step-Ups. We discuss how the Step-Up works below. The Step-Up compares your Contract Value on a Step-Up Date to certain previously calculated guaranteed amounts. Step-Up Dates coincide with the first Contract Anniversary after you purchased the Rider and every Contract Anniversary thereafter, up to and including the Age 95 Contract Anniversary. You will no longer be eligible for Step-Ups, however, if you decline a scheduled increase in the Rider fee rate (see "Rider Fees" earlier in this Appendix).

*How Step-Ups Work.* We schedule Step-Up Dates starting on the first Contract Anniversary following your purchase of the Rider and on each Contract Anniversary after that, up to and including the Age 95 Contract Anniversary.

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On each Step-Up Date, we compare the Benefit Base (including any applicable Annual Credit) to the Contract Value on that date. If the Contract Value on any Step-Up Date is greater than the Benefit Base (including any Annual Credit) on that date, we will automatically step up the Benefit Base to equal the Contract Value (subject to the maximum Benefit Base limit of $5 million). We will also increase the Lifetime Income Amount (after the Lifetime Income Date) and the Rider fee (see "Rider Fees" earlier in this Appendix). The new Lifetime Income Amount will equal 5% of the Benefit Base value after the Step-Up, and the Rider fee will be based on the increased Benefit Base. We also reserve the right to increase the rate of the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) fee up to a maximum rate of 1.20%. If we decide to increase the rate at the time of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the automatic Step-Up (see "Fee for Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders" earlier in this Appendix). If you decline the Step-Up, the fee rate will not be increased. We schedule the Step-Up Dates starting with the first Contract Anniversary and on each Contract Anniversary after that, up to and including the Age 95 Contract Anniversary.

*Impact of Step-Ups on Credit Period.* Each time a Step-Up occurs, we will extend the Annual Credit Period to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

*Declination of Step-Ups.* If you decline an automatic Step-Up, you will have the option to elect to step up the Benefit Base (as well as Lifetime Income Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base, we will thereafter resume automatic Step-Ups.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider when you, the Covered Person, are 61, you take no withdrawals during the first three Contract Years and the applicable Annual Credit Rate is 7% (i.e., purchased after January 17, 2008 outside of New York). Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and the Contract Value on the third Contract Anniversary is $125,000. The Benefit Base on the third Contract Anniversary including the Annual Credits for the first three Contract Years is $121,000. Since the Contract Value of $125,000 is greater than the current Benefit Base including the Credit, the Benefit Base increases to $125,000 and the Lifetime Income Amount increases to $6,250 (5% × $125,000). If no withdrawals are taken in the fourth Contract Year, the Annual Credit on the fourth Contract Anniversary equals $8,750 (7% × $125,000).

In no event, however, will we increase the Benefit Base to exceed $5 million. If we increase the Benefit Base on any Step-Up Date (after the Lifetime Income Date), we also increase the Lifetime Income Amount. The new Lifetime Income Amount equals the Benefit Rate multiplied by the new Benefit Base value after the Step-Up.

Step-Ups may occur only while the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Rider is in effect.<br>

*Withdrawals, Distributions and Settlements* 

**Overview.** The Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders provide a guaranteed minimum withdrawal benefit during the Accumulation Period. In particular, these Riders permit you to withdraw a minimum annual amount, for as long as a Covered Person lives, subject to the terms and conditions of the Rider. We may have determined the amount of the initial guarantee after we issued your Contract, depending on the age of the Covered Person when we issued the Contract. We may increase the guarantee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by one or more Credits if you make no withdrawals during certain Contract Years, up to limits described in the "Credits" section, above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a result of a Step-Up of the guarantee (see preceding section) to reflect your then-current Contract Value on certain Contract Anniversary dates; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you make an Additional Purchase Payment that we accept under a Financial Account Plan (up to specified limits and if not otherwise restricted).

Although these Riders guarantee a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. We reduce your Contract Value and your death benefit each time you take a withdrawal (see "Impact of Death Benefits" in this section, below). We may reduce the Benefit Base and Lifetime Income Amount values if you take Excess Withdrawals. If you experience unfavorable investment performance (and therefore your Contract Value is less than your Benefit Base) and then take withdrawals, your future Lifetime Income Amount could be significantly reduced. *If Contract Value or your Benefit Base declines to zero before the Lifetime Income Date, you will lose the guaranteed minimum withdrawal benefit under the Rider (see "Settlement Phase" in this section, below).* 

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We will reduce the death benefit on a dollar-for-dollar basis for any withdrawals you make after the Lifetime Income Date until the total amount of withdrawals during a Contract Year equals the Lifetime Income Amount. Once a withdrawal exceeds the Lifetime Income Amount, we will reduce the death benefit on a pro rata basis by the entire amount of that withdrawal.

EXAMPLE: If you take a withdrawal of $8,000 when your Contract Value is $80,000 and your Guaranteed Minimum Death Benefit is $100,000, and your Lifetime Income Amount is $5,000, we reduce your Guaranteed Minimum Death Benefit on a pro rata basis for the amount of the Excess Withdrawal. That means we reduce the Contract Value to $72,000 and the Guaranteed Minimum Death Benefit by 10% ($8,000/$80,000), to $90,000 ($100,000 – 10% × $100,000).

We reduce your Contract Value each time you take a withdrawal. We may reduce the Benefit Base and Lifetime Income <br> Amount values if you take Excess Withdrawals. Excess Withdrawals may reduce or eliminate future Lifetime Income <br> Amount values.<br>

**Excess Withdrawals**. We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals for more than the amount guaranteed under the terms of the Rider you selected. Your future Lifetime Income Amount could be significantly reduced if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take withdrawals prior to the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

For the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders, an Excess Withdrawal is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any withdrawal (including applicable withdrawal charges) you take before the Lifetime Income Date that, together with all other withdrawals during a Contract Year (including any applicable withdrawal charges) previously taken during the Contract Year of withdrawal, exceeds the Benefit Rate of the Rider (see "Benefit Rate" above) at the prior Contract Anniversary, increased for any Additional Purchase Payments; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take on and after the Lifetime Income Date that, together with all other withdrawals taken during a Contract Year (including any applicable withdrawal charges) previously taken during the Contract Year of withdrawal, exceeds the Lifetime Income Amount at the time of withdrawal.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider. Also assume that when you are age 67, the Contract Value is $90,000, the Benefit Base is $110,000, the Lifetime Income Amount is $5,500 and the Benefit Rate is 5%. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we first reduce your Benefit Base to $80,000, the lesser of the Contract Value after the withdrawal ($90,000 – $10,000) or the Benefit Base after the withdrawal ($110,000 – $10,000). The new Lifetime Income Amount is $4,000 – 5% of the new Benefit Base after the withdrawal ($80,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider. Also assume that when you are age 67, the Contract Value is $90,000 and the Benefit Base is $110,000. The Benefit Rate is 4.75% and the Lifetime Income Amount is $5,225. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we reduce your Benefit Base to $80,000, the lesser of the Contract Value after the withdrawal ($90,000 – $10,000) or the Benefit Base after the withdrawal ($110,000 – $10,000). The new Lifetime Income Amount is $3,800 – 4.75% of the new Benefit Base after the withdrawal ($80,000).

We do not consider withdrawals under our Life Expectancy Distribution Program to result in an Excess Withdrawal unless you take additional withdrawals outside of that program.

If you experience unfavorable investment performance, an Excess Withdrawal could result in substantial reductions to your Contract Value and Benefit Base. Your future Lifetime Income Amount could be significantly reduced, and if both your Contract Value and Benefit Base decline to zero before the Lifetime Income Date, you will lose your guaranteed minimum withdrawal benefit.

**Withdrawals before the Lifetime Income Date.** Each time you take a withdrawal before the Lifetime Income Date, we reduce the Benefit Base by the Withdrawal Amount. If, however, a withdrawal is an Excess Withdrawal, we will reset the Benefit Base to equal the *lesser* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value immediately after the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base minus the Withdrawal Amount.

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If you take withdrawals prior to the Lifetime Income Date, we reduce the Benefit Base we use to determine the guaranteed <br> Lifetime Income Amount on the Lifetime Income Date. You could eventually lose any benefit based on the Lifetime Income <br> Amount if you take withdrawals in excess of an amount equal to the Benefit Rate multiplied by the Benefit Base. *If* <br> *Contract Value declines to zero during a Contract Year in which you have an Excess Withdrawal, you will lose the* <br> *guaranteed minimum withdrawal benefit under the Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review) Rider. (See "Settlement* <br> *Phase" in this section, below.)*<br>

**Withdrawals after the Lifetime Income Date.** After the Lifetime Income Date, you may withdraw the guaranteed Lifetime Income Amount each Contract Year without affecting the Benefit Base. If your total withdrawals during a Contract Year exceed the Lifetime Income Amount, however, we will reset the Benefit Base and the Lifetime Income Amount.

Each time you take a withdrawal after the Lifetime Income Date, we first determine if the Withdrawal Amount is entirely or partially an Excess Withdrawal. If so, we reset the Benefit Base to equal the *lesser* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base before the withdrawal minus the *entire* amount of the Excess Withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value immediately after the Excess Withdrawal.

After we reset the Benefit Base, we reset the Lifetime Income Amount to equal the Benefit Rate multiplied by the new Benefit Base. We also reset the Benefit Base and the Lifetime Income Amount for each subsequent Excess Withdrawal that you take during that Contract Year.

The Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider enters a Settlement Phase in any Contract Year that your Contract Value declines to zero if your Benefit Base is greater than zero at that time and you have taken no Excess Withdrawals during that Contract Year. *In the event of an Excess Withdrawal, you will lose the guaranteed minimum withdrawal benefit under the Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review) Rider if Contract Value declines to zero during the Contract Year of the Excess Withdrawal (see "Settlement Phase" in this section, below)*. The Income Plus For Life<sup>®</sup> (Annual Step-Up Review) benefit terminates if the Contract Value and Benefit Base immediately after a withdrawal are all equal to zero.

**Effect of Withdrawals on Guaranteed Minimum Death Benefit Amount.** If you purchased Income Plus For Life<sup>®</sup> (Annual Step-Up Review), we adjust the way we calculate the death benefit payable under your Contract upon the death of the Owner (or deemed Owner if the Owner is not a natural person) during the Accumulation Period. We reduce that death benefit each time you take a withdrawal. We will reduce the death benefit on a dollar for dollar basis if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you limit your withdrawals (including applicable withdrawal charges) during a Contract Year to the Lifetime Income Amount; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you purchased the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider before the Covered Person turned age 59½, and you limit your withdrawals (including applicable withdrawal charges) each Contract Year before the Lifetime Income Date to the Benefit Rate multiplied by the Benefit Base and to the Lifetime Income Amount for each Contract Year after that.

If you take an Excess Withdrawal, we will deduct the *entire* amount of that withdrawal (including any withdrawal charges) on a pro rata basis from the Guaranteed Minimum Death Benefit under the Contract. Pro rata means we reduce the Guaranteed Minimum Death Benefit by the same percentage that the Excess Withdrawal reduces the Contract Value. That is, by an amount equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Minimum Death Benefit before the withdrawal, multiplied by an amount equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Excess Withdrawal amount; divided by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value before the withdrawal.

We also will reduce the Guaranteed Minimum Death Benefit in the same manner for any subsequent Excess Withdrawals that you take during that Contract Year.

**Pre-Authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Rider, you can pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. We offer our Income Made Easy Program for Contracts with the Rider to provide payment of an income for the lifetime of the Covered Person. The full allowable amount is based on the Lifetime Income Amount. You can start taking

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withdrawals under the Income Made Easy Program no sooner than the Lifetime Income Date for your Rider (see "Pre-Authorized Withdrawals – The Income Made Easy Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** The Life Expectancy Distribution Program is available with the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

Each withdrawal under our Life Expectancy Distribution Program reduces your Contract Value. We reduce the Benefit Base by the amount of the withdrawal if you take a withdrawal under our Life Expectancy Distribution Program prior to the Lifetime Income Date. We do not reduce your Benefit Base or Lifetime Income Amount if a withdrawal under the Life Expectancy Distribution Program on or after the Lifetime Income Date (for an amount we calculate based on our current understanding and interpretation of federal tax law) causes total withdrawals during a Contract Year to exceed the Lifetime Income Amount and all withdrawals during that year were under our Life Expectancy Distribution Program.

**Settlement Phase.** We automatically begin making payments to you under the "Settlement Phase" of a an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Rider if your Contract Value reduces below a minimum required amount and you satisfy the conditions described in the Rider. During the Settlement Phase, the Contract continues but all other rights and benefits under the Contract, including death benefits and any optional benefit Riders, terminate. We will not accept Additional Purchase Payments for, apply additional Credits or make any Step-Ups to, or deduct any charges from a Rider during the Settlement Phase. You cannot annuitize once the Settlement Phase begins.

The Settlement Phase under the Rider begins if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value reduces to zero at any time during a Contract Year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• there were no Excess Withdrawals during that Contract Year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base is still greater than zero at the time.

**You will lose the ability to receive Lifetime Income Amounts if you withdraw more than the Lifetime Income Amount during a Contract Year and the Contract Value declines to zero.** 

The settlement payment we pay to you under the Rider varies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase after the Lifetime Income Date, at the start of the Settlement Phase we pay an initial settlement amount equal to the remaining Lifetime Income Amount for that Contract Year, and make additional annual payments of the Lifetime Income Amount as long as the Covered Person is living.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase before the Lifetime Income Date, we begin making annual settlement payments following the Lifetime Income Date as long as the Covered Person is living. In this case, the annual amount equals the Lifetime Income Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In lieu of annual payments of the settlement amount, we permit you to elect monthly, quarterly or semi-annual installment payments of the Lifetime Income Amount.

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*Impact of Death Benefits* 

**Income Plus For Life (Annual Step-Up Review).** If the Beneficiary does not take the death benefit as a lump sum, the following applies:

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| | | |
|:---|:---|:---|
| **If the Deceased**<br> **Owner is:** | **If the Deceased**<br> **Owner is:** | &nbsp;&nbsp; **Then**<br> **INCOME PLUS FOR LIFE**<sup>®</sup> **(ANNUAL STEP-UP REVIEW):** |
| 1. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is the <br> deceased Owner's Spouse | &nbsp;&nbsp; may continue if the Beneficiary elects to continue the Contract within the time <br> we permit under our administrative rules. We automatically increase the Benefit <br> Base to equal the initial death benefit we determine, if the death benefit is <br> greater than the Benefit Base prior to our determination. We also recalculate the <br> Lifetime Income Amount to equal 5% of the recalculated Benefit Base and <br> assess the Rider fee based on the recalculated Benefit Base.<br>|
| 1. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is the <br> deceased Owner's Spouse | &nbsp;&nbsp; enters its Settlement Phase if a subsequent withdrawal depletes the Contract <br> Value to zero, and the remaining Lifetime Income Amount for the year of <br> withdrawal is still greater than zero.<br>|
| 1. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is the <br> deceased Owner's Spouse | &nbsp;&nbsp; continues to be eligible for any remaining Credits and Step-Ups, and a Target <br> Amount adjustment, but we change the date we determine and apply these <br> benefits to future anniversaries of the date we determine the initial death benefit. <br> We permit the Spouse to opt out of an increase in the Benefit<br> Base, if any, to reflect the initial death benefit and any future Step-Ups if we <br> increase the rate of the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) fee at <br> that time.<br>|
| 2. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is not the <br> deceased Owner's Spouse | may continue in the same manner as 1. |
| 2. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is not the <br> deceased Owner's Spouse | &nbsp;&nbsp; enters its Settlement Phase if a subsequent withdrawal would deplete the <br> Contract Value to zero, and the remaining Lifetime Income Amount for the year <br> of withdrawal is still greater than zero.<br>|
| 2. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is not the <br> deceased Owner's Spouse | &nbsp;&nbsp; does *not* continue to be eligible for any Credits and Step-Ups, or a Target <br> Amount adjustment. We will permit the Beneficiary to opt out of an increase in <br> the Benefit Base, if any, to reflect the initial death benefit if we increase the rate <br> of the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) fee at that time.<br>|
| 3. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is the deceased <br> Owner's Spouse<br>| ends without any further benefit. |
| 4. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is not the <br> deceased Owner's Spouse<br>| ends without any further benefit. |

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*Death benefits during the Settlement Phase.* If you die during the Settlement Phase, the only death benefits we provide are the remaining settlement payments that may become due under the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider. If the Covered Person dies during the Settlement Phase, we reduce the Lifetime Income Amount to zero and make no further payments. If the Beneficiary is an individual, the Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. Otherwise, the entire interest must be distributed within five years of the Owner's death.

**Income Plus For Life – Joint Life**<sup>®</sup> **(Annual Step-Up Review).** If the Beneficiary continues a Contract in force following the death of an Owner, coverage under an Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider ends if the deceased Owner is the last Covered Person under the Rider. If the Beneficiary continues a Contract in force following the death of an Owner, coverage under the Rider may continue only if: (a) the deceased Owner is the first Covered Person under the Rider to die; and either (b) the surviving Covered Person is a Spousal Beneficiary; or (c) the surviving Covered Person is a Spouse of the deceased Owner and a tax-qualified retirement plan is the non-Spousal Beneficiary. If the death benefit is greater than the Contract Value, we will increase the Contract Value to equal the amount of the death benefit (but will not increase the Benefit Base, Lifetime Income Amount, Credits or Step-Ups). If the Rider continues, we will determine the

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Adjusted Benefit Base and the Rider fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death of First Covered Person.* If the first Covered Person to die is an Owner of the Contract (or deemed to be an Owner if the Owner is a non-natural person), the surviving Covered Person may elect to continue the Contract in effect in lieu of receiving the Contract's death benefit as a lump sum, subject to the distribution options listed in the Contract. (See "Death after Removal of a Covered Person" below if there is no surviving Covered Person.) If the Contract continues, the Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider will continue. We will continue to provide the Lifetime Income Amount guarantee only for the lifetime of the surviving Covered Person and continue to charge the Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider fee (see "Fee for Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). If the death benefit is greater than the Contract Value, we will increase the Contract Value to equal the amount of the death benefit (but will not make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups). We will treat any distribution of death benefits under a Contract as a "withdrawal" for purposes of subsequent calculations of the Benefit Base and the Lifetime Income Amount.

If the first Covered Person to die is not the Owner (and is not deemed to be an Owner if the Owner is a non-natural person), no death benefit is payable under the Contract. The Rider will continue in effect and we will base the duration of the Lifetime Income Amount only on the lifetime of the surviving Covered Person. We will continue to charge the Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider fee; however, we will make no adjustments to the Contract Value or make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups.

**We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs from the amount and duration in effect before the death of the first Covered Person.** 

*Death of Last Covered Person.* If the surviving Covered Person dies while the Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider is in effect we will reduce the Lifetime Income Amount to zero and we no make no additional payments under the Rider to the Beneficiary.

*Death after Removal of a Covered Person.* In certain instances, a person initially designated as a Covered Person may be removed as a Covered Person from the Rider. If that happens and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *removed* Covered Person subsequently dies, there will be no impact on the guarantees provided by the Rider in most cases; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *remaining* Covered Person subsequently dies, we will consider that Covered Person to be the "last" Covered Person and the Rider will terminate.

*Termination of Rider* 

You may not terminate the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider once it is in effect. However, the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider terminates automatically upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a death benefit is payable and the Beneficiary takes the death benefit as a lump sum under the terms of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date an Annuity Option begins;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Contract Value and the Benefit Base both equal zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the death or removal of the Covered Person; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of the Contract.

**Features of Principal Plus and Principal Plus for Life Series Riders** 

*Forms of Guaranteed Amounts* 

Principal Plus and each of the Principal Plus for Life Series Riders provide a guaranteed minimum withdrawal benefit during the Accumulation Period that guarantees the return of your investments in the Contract, regardless of market performance, as long as you limit your annual withdrawals to the Guaranteed Withdrawal Amount.

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In addition, Principal Plus for Life, and Principal Plus for Life Plus Automatic Annual Step-Up Riders provide a lifetime income guarantee based on a single life. The Principal Plus for Life Plus Spousal Protection Rider provides a lifetime income guarantee based on the lifetime durations of two Covered Persons. Principal Plus does not provide a lifetime income guarantee.

*Principal Plus and PPFL Benefits* 

**Lifetime Income Amount *(Not applicable to Principal Plus)***. The Principal Plus for Life Series Riders provide our guarantee that a Lifetime Income Amount will be available for withdrawal each Contract Year, beginning on a Lifetime Income Date as long as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life and Principal Plus For Life Plus Automatic Annual Step-Up*) the Covered Person remains alive and is designated as an Owner, Beneficiary or Annuitant under the Contract, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus For Life Plus Spousal Protection*) either Covered Person remains alive and is designated as an Owner, Beneficiary or Annuitant under the Contract. The Lifetime Income Amount reduces to zero upon the death of the last Covered Person or upon a change in Owner, Beneficiary or Annuitant that removes the last Covered Person from the Contract as an Owner, Beneficiary or Annuitant.

We determine the initial Lifetime Income Amount by multiplying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Rate for the Rider (5%); by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base for the Rider on the Lifetime Income Date.

EXAMPLE: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the benefit rate is 5%, the Lifetime Income Amount is $5,000 (5% × $100,000).

The maximum Lifetime Income Amount at any time for a Principal Plus for Life Series Rider is $250,000. We will increase the Lifetime Income Amount to reflect Additional Purchase Payments, Credits and Step-Ups. Please see "Increases in Guaranteed Amounts" in this section, below, for more information.

We will reduce the Lifetime Income Amount if you take Excess Withdrawals. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

**Lifetime Income Date *(Not applicable to Principal Plus)***. The Lifetime Income Date is the date you purchased the Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life and Principal Plus for Life Plus Automatic Annual Step-Up Riders* purchased outside of New York after June 16, 2008) you were age 58½ or older at the time; otherwise, the Lifetime Income Date is the Anniversary Date on, or immediately following, the date you turn age 58½.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life and Principal Plus for Life Plus Automatic Annual Step-Up Riders* purchased from March 12, 2007 to June 15, 2008, or purchased in New York) you were age 59½ or older at the time; otherwise, the Lifetime Income Date is the Anniversary Date on, or immediately following, the date you turn age 59½.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life and Principal Plus for Life Plus Automatic Annual Step-Up Riders* purchased before March 12, 2007) you were age 65 or older at the time; otherwise, the Lifetime Income Date is the Anniversary Date on, or immediately following, the date you turn age 65.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life Plus Spousal Protection*) the older of you and your Spouse were age 65 or older at the time; otherwise, the Anniversary Date on, or immediately following, the date the older Spouse would turn age 65. (The Lifetime Income Date does not change if the older Spouse does not survive to this date and the younger Spouse is still a Covered Person under the Rider.)

Benefits under the Rider may be affected if you purchased the Rider before the earliest available Lifetime Income Date and take a withdrawal before then. Please see "Withdrawals before the Lifetime Income Date" for more information.

We determine the initial Lifetime Income Amount on the Lifetime Income Date. You cannot change or defer the Lifetime Income Date under these Riders, but you may continue to be eligible for Credits and Step-Ups if you defer taking withdrawals (see "Increases in Guaranteed Amounts" below).

*Benefit Base* 

The Riders refer to the Benefit Base as the "Guaranteed Withdrawal Balance."

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The maximum Benefit Base at any time is $5 million. We will increase the Benefit Base to reflect Additional Purchase Payments, Credits and Step-Ups. We will reduce the Benefit Base if you take a withdrawal. We may reduce the Benefit Base to reflect the withdrawal either on a dollar-for-dollar basis or on a pro-rata basis, depending on the nature of the withdrawal. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

The Benefit Base we use to determine the initial Guaranteed Withdrawal Amount is equal to your initial Purchase Payment. (We do not count Purchase Payment amounts over $5 million or, for Contracts issued in New York with a Payment Enhancement Rider, any Payment Enhancement attributable to the Purchase Payment for this purpose.) If we allowed you to purchase your Rider after the first Contract Year, we may have determined the Benefit Base by using your Contract Value after the first Contract Year.

The Benefit Base we use to determine the initial Lifetime Income Amount (not applicable to *Principal Plus*) is equal to the Benefit Base on the Lifetime Income Date.

*Benefit Rate* 

The Benefit Rate is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Principal Plus –* 5.00%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Principal Plus for Life –* 5.00%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Principal Plus for Life Plus Automatic Annual Step-Up –* 5.00%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Principal Plus for Life Plus Spousal Protection –* 5.00%.

*Guaranteed Withdrawal Amount* 

The Guaranteed Withdrawal Amount is the amount we guarantee to be available each Contract Year for you to withdraw during the Accumulation Phase until the Benefit Base is depleted. The initial Guaranteed Withdrawal Amount is equal to 5% of the initial Benefit Base. The maximum Guaranteed Withdrawal Amount at any time is $250,000 ($150,000 for Principal Plus).

*Increases in Guaranteed Amounts* 

**Additional Purchase Payments – Principal Plus Rider.** Our restrictions on Additional Purchase Payments may prevent you from increasing the amounts we guarantee under a Principal Plus Rider (see "Restrictions on Additional Purchase Payments," above).

We will increase the Benefit Base (i.e., the Guaranteed Withdrawal Balance in your Rider) each time you make an Additional Purchase Payment that we accept, subject to the maximum Benefit Base limit of $3 million. In addition, we recalculate the Guaranteed Withdrawal Amount and usually increase it to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% of the Benefit Base immediately after the Additional Purchase Payment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount immediately prior to the Additional Purchase Payment plus an amount equal to 5% of the Additional Purchase Payment.

We do not change the Guaranteed Withdrawal Amount if the recalculated amount is less than the Guaranteed Withdrawal Amount, before the Additional Purchase Payment.

**Additional Purchase Payments – Principal Plus for Life Series Riders.** We will increase the Benefit Base (i.e., the Guaranteed Withdrawal Balance in your Rider) each time you make an Additional Purchase Payment, up to a maximum Benefit Base of $5 million.

In addition, we will recalculate the Guaranteed Withdrawal Amount and the Lifetime Income Amount and usually increase it:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the case of the Guaranteed Withdrawal Amount, to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% of the Benefit Base immediately after the Additional Purchase Payment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount immediately prior to the Additional Purchase Payment plus an amount equal to 5% of the Additional Purchase Payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the case of the Lifetime Income Amount, to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% of the Benefit Base immediately after the Additional Purchase Payment; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Amount immediately prior to the Additional Purchase Payment plus an amount equal to 5% of the Purchase Payment.

We do not change the Guaranteed Withdrawal Amount or the Lifetime Income Amount if the recalculated amount is less than the Guaranteed Withdrawal Amount or Lifetime Income Amount, as the case may be, before the Additional Purchase Payment.

**Credits.** The Riders provide the following Credit features:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Rate – 5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• initial Credit Period

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus*) – the first 5 Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life Series* Riders issued prior to May 1, 2007) – the lesser of: (a) the first 10 Contract Years or (b) each Contract Year up to the Contract Year in which the Covered Person (younger of the two Covered Persons for *Principal Plus for Life Plus Spousal Protection*) turns age 80. If you elected a *Principal Plus for Life Plus Spousal Protection* Rider when you purchased a Contract, the Credit Period is determined on the Contract Date. If you purchased a Principal Plus for Life Plus Spousal Protection Rider to replace a Principal Plus for Life Rider, and the additional Covered Person is the younger of the two Covered Persons, the initial Credit Period is based on the age of that Covered Person as of the initial Contract Date. The Credit Period does not change upon the death of either Covered Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life Series* Riders issued on and after May 1, 2007) – the first 10 Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• extended Credit Period (for *Principal Plus for Life Series* Riders issued on and after May 1, 2007) – Each time a Step-Up occurs, we will extend the Credit Period to the lesser of: (a) 10 years from a Step-Up Date; or (b) the Age 95 Anniversary Date.

*Annual Credits.* (We refer to an Annual Credit in your Rider as a "Bonus" and we may refer to Annual Credits as "Deferral Credits" in our communications.) We increase the Benefit Base on each Contract Anniversary during the Credit Period for Annual Credits if you take no withdrawals during the previous Contract Year.

Each time you qualify for a Credit, we increase the Benefit Base:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by an amount equal to 5% of total Purchase Payments to the Contract if you did not previously Step-Up the Benefit Base and/or we did not previously reduce the Benefit Base (see "Withdrawals, Distributions and Settlements"); otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by an amount equal to 5% of the Benefit Base immediately after the latest Step-Up or reduction, increased by any Purchase Payments received since such latest Step-Up or reduction.

Each time we apply a Credit to the Benefit Base, we also recalculate the Guaranteed Withdrawal Amount. The Guaranteed Withdrawal Amount will equal the greater of the Guaranteed Withdrawal Amount prior to the Credit or 5% of the Benefit Base after the Credit. Under Principal Plus for Life Series Riders, we will also recalculate the Lifetime Income Amount to equal the greater of the Lifetime Income Amount prior to the Credit or 5% of the Benefit Base after the Credit.

EXAMPLE: Assume that you purchase a Contract with a Principal Plus for Life Rider when you, the Covered Person, are 65, you take no withdrawals during the first and second Contract Year. Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we apply a Credit to the Benefit Base and increase it to $105,000 ($100,000 + 5% × $100,000). The Lifetime Income Amount increases to $5,250 (5% × $105,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we apply a Credit to the Benefit Base and increase it again to $110,000 ($105,000 + 5% × $100,000). The Lifetime Income Amount increases to $5,500 (5% × $110,000).

Now assume you take an Excess Withdrawal of $10,000 during the third Contract Year that reduces the Benefit Base to $100,000, you take no withdrawals, and you make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you took a withdrawal during the year.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply a Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (5% × ($100,000 + $5,000) = $5,250). The Benefit Base increases to $110,250 ($100,000 + $5,000 + $5,250) and the Lifetime Income Amount increases to $5,513 (5 × $110,250).

**Step-Ups.** The Principal Plus and Principal Plus For Life Series Riders provide Step-Ups. We discuss how the Step-Up works below. The Step-Up compares your Contract Value on a Step-Up Date to certain previously calculated guaranteed amounts. Step-Up Dates coincide with the first Contract Anniversary after you purchased the Rider and every Contract Anniversary thereafter, up to and including the Age 95 Contract Anniversary. You will no longer be eligible for Step-Ups, however, if you decline a scheduled increase in the Rider fee rate (see "Rider Fees" earlier in this Appendix).

If the Contract Value on any Step-Up Date is greater than the Benefit Base (including any Credit) on that date, we will automatically step up the Benefit Base to equal the Contract Value (subject to the maximum Benefit Base limit of $5 million). Each time we apply a Step-Up, we also recalculate the Guaranteed Withdrawal Amount and the Lifetime Income Amount (with respect to Principal Plus for Life Series Riders), and the applicable Rider fee (see "Rider Fees" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). The recalculated Guaranteed Withdrawal Amount will equal the greater of the Guaranteed Withdrawal Amount prior to the Step-Up or 5% of the Benefit Base after the Step-Up, and the Lifetime Income Amount will equal the greater of the Lifetime Income Amount prior to the Step-Up or 5% of the Benefit Base after the Step-Up. We also reserve the right to increase the *rate* of the Rider fee up to a maximum rate of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus* and Principal Plus for Life) 0.75%, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life Plus Automatic Annual Step-Up* and *Principal Plus for Life Plus Spousal Protection*) 1.20%.

If we decide to increase the rate at the time of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the automatic Step-Up (see "Rider Fees" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). If you decline the Step-Up, the fee rate will not be increased.

*Step-Up Dates.* We schedule Step-Up Dates:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus*) – every 3rd Contract Anniversary after the Contract Date (i.e., the 3rd, 6th, 9th etc.), up to and including the 30th Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for Principal Plus for Life Series Riders issued before May 1, 2007 and in a limited number of states thereafter) – the 3rd, 6th and 9th Contract Anniversary after the Contract Date and each succeeding Contract Anniversary on and after the 9th Contract Anniversary (i.e., the 10th, 11th, 12th, etc.) up to and including the 30th Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for Principal Plus for Life Series Riders issued on and after May 1, 2007 (may vary by state)) – the 3rd, 6th and 9th Contract Anniversary after the Contract Date, and each succeeding Contract Anniversary on and after the 9th Contract Anniversary (i.e., the 10th, 11th, 12th, etc.) up to and including the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for Riders issued in Oregon) – we limit the duration of Step-Up Dates to a maximum of 50 Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life* Riders with endorsement) – we issued an endorsement, in states where approved, after we issued certain Principal Plus for Life Riders. This endorsement increases Step-Up Dates to include each succeeding Contract Anniversary on and after the 9th Contract Anniversary. In such cases, an affected Owner had the option to decline the endorsement within 30 days of its issuance and, if he or she did so, we scheduled Step-Up Dates under the original schedule.

Under Principal Plus for Life *Plus* Automatic Annual Step-Up prior to May 1, 2007, we automatically step up the Benefit Base to equal the Contract Value on each Contract Anniversary starting with the first Contract Anniversary. We continue Step-Ups until, and including, the 30th Contract Anniversary (or when the Covered Person turns the age of 80, if earlier) while the Rider is in effect, provided the Contract Value is greater than the Benefit Base on that date. On and after May 1, 2007, we continue Step-Up's until age 95.

EXAMPLE: Assume that you purchase a Contract with a Principal Plus for Life *Plus* Automatic Annual Step-Up Rider when you, the Covered Person, are 61, you take no withdrawals during the first three Contract Years and the applicable Annual Credit Rate is 5%. Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and that the Contract Value on the third Contract Anniversary is $125,000. The Benefit Base on the third Contract Anniversary including the Annual Credits for the first three Contract Years is $115,000. Since the Contract Value of $125,000 is greater than the current Benefit Base including the Credit, the Benefit Base increases to $125,000 and the Lifetime Income Amount increases to $6,250 (5% × $125,000). If no withdrawals are taken in the fourth Contract Year, the Credit on the fourth Contract Anniversary equals $6,250 (5% × $125,000).

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*Election of Step-Ups under Principal Plus.* Under Principal Plus, you may elect to step up the Benefit Base (and Guaranteed Withdrawal Amount, if applicable) to the recalculated value within 30 days following each Step-Up Date. Subject to state approval, however, we may have issued a special endorsement to a Principal Plus Rider after we issued the Contract. Under this special endorsement to the Principal Plus Rider, we *automatically* increase the Benefit Base (and Guaranteed Withdrawal Amount, if applicable) to equal a higher recalculated value. In such cases, an affected Owner may decline the endorsement within 30 days of its issuance. If so, you then need to elect a Step-Up within 30 days of the respective Step-Up Date if you choose to make the increase effective.

If you decline a scheduled Step-Up, you have the option to elect to step up the Benefit Base (as well as the Guaranteed Withdrawal Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base and the special endorsement to your Principal Plus Rider is in effect, we will thereafter resume automatic Step-Ups on each succeeding Step-Up Date.

*Step-Ups under Principal Plus for Life Series Riders.* We automatically step up the Benefit Base to equal the Contract Value (up to a maximum of $5 million). If you decline an automatic scheduled Step-Up, you have the option to elect to step up the Benefit Base (as well as the Guaranteed Withdrawal Amount and Lifetime Income Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base, we will thereafter resume automatic Step-Ups.

*Recalculation of Guaranteed Amounts.* Each time we apply a Step-Up, we also recalculate the Guaranteed Withdrawal Amount, or Lifetime Income Amount for Principal Plus for Life Series Riders, to equal the greater of either the Guaranteed Withdrawal Amount or Lifetime Income Amount, as appropriate, prior to the Step-Up or 5% of the new Benefit Base value after the Step-Up.

*Impact of Step-Ups on Rider Fees.* Each time we increase the Benefit Base, we also increase the dollar amount of the Rider fee. The new Rider Fee is based on the new Benefit Base. We also reserve the right to increase the rate of the Principal Plus and Principal Plus for Life fee up to a maximum rate of 0.75%; we reserve the right to increase the rate of the Principal Plus for Life *Plus* Automatic Annual Step-Up and Principal Plus for Life *Plus* Spousal Protection fees up to a maximum rate of 1.20%. If we decide to increase the rate at the effective date of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the automatic Step-Up (see "Rider Fees" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). If you decline the Step-Up, the fee rate will not be increased.

Step-Ups may occur only while the Principal Plus or Principal Plus for Life Series Rider is in effect.<br>

*Withdrawals, Distributions and Settlements* 

**Overview.** The Principal Plus and Principal Plus for Life Series Riders provide a guaranteed minimum withdrawal benefit during the Accumulation Period. In particular, these Riders permit you to withdraw a minimum annual amount, for as long as a Covered Person lives (does not apply to *Principal Plus*, which permits withdrawals until the Benefit Base is depleted to zero), subject to the terms and conditions of the Rider. We may have determined the amount of the initial guarantee after we issued your Contract, depending on the age of the Covered Person when we issued the Contract. We may increase the guarantee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by one or more Credits if you make no withdrawals during certain Contract Years, up to limits described in the "Credits" section, above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a result of a Step-Up of the guarantee (see preceding section) to reflect your then-current Contract Value on certain Contract Anniversary dates; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you make an Additional Purchase Payment that we accept under a Financial Account Plan or Payroll Plan (up to specified limits and if not otherwise restricted).

Although these Riders guarantee a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. We reduce your Contract Value and your death benefit each time you take a withdrawal (see "Impact of Death Benefits" in this section, below). We may reduce the Benefit Base and Lifetime Income Amount values if you take Excess Withdrawals. If you experience unfavorable investment performance (and therefore your Contract Value is less than your Benefit Base) and then take withdrawals, your future Guaranteed Withdrawal Amount and/or Lifetime Income Amount could be significantly reduced. *If Contract Value or your Benefit Base declines to zero before the Lifetime Income Date, you will lose the guaranteed minimum withdrawal benefit under the Rider (see "Settlement Phase" in this section, below).* 

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We reduce your Contract Value each time you take a withdrawal. We may reduce the Benefit Base and Lifetime Income <br> Amount values if you take Excess Withdrawals. Excess Withdrawals may reduce or eliminate future Lifetime Income <br> Amount values.<br>

**Excess Withdrawals.** We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals for more than the amount guaranteed under the terms of the Rider you selected. Your future Lifetime Income Amount could be significantly reduced if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take withdrawals prior to the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

An Excess Withdrawal under Principal Plus or a Principal Plus for Life Series Rider is a withdrawal (including applicable withdrawal charges) you take that, together with all other withdrawals (including any applicable withdrawal charges) previously taken during the Contract Year of the withdrawal, exceeds the Guaranteed Withdrawal Amount at the time of withdrawal. For Principal Plus for Life Series Riders, an Excess Withdrawal also includes withdrawals (including applicable withdrawal charges) you take: (a) before the Lifetime Income Date; or (b) on or after the Lifetime Income Date that, together with all other withdrawals (including applicable withdrawal charges) taken during a Contract Year, causes total withdrawals during that Contract Year to exceed the Lifetime Income Amount at the time of withdrawal.

We do not consider withdrawals under our Life Expectancy Distribution Program to result in Excess Withdrawals with respect to the Guaranteed Withdrawal Amount unless you take additional withdrawals outside of that program. We do not consider withdrawals under our Life Expectancy Distribution Program to result in Excess Withdrawals with respect to the Lifetime Income Amount unless:(a) you take additional withdrawals outside of that program; or (b) you take a distribution under that program before the Lifetime Income Date.

**Impact of Withdrawals.** We decrease the Benefit Base each time you make a withdrawal. If your total withdrawals during a Contract Year are less than or equal to the Guaranteed Withdrawal Amount, we will decrease the Benefit Base by the amount of the withdrawals. If an Excess Withdrawal is the result of your total withdrawals during a Contract Year exceeding the Guaranteed Withdrawal Amount (or if total withdrawals during a Contract Year have already exceeded the Guaranteed Withdrawal Amount), we will automatically recalculate and, in most cases reduce, the Benefit Base to equal the *lesser* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value immediately after the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base immediately prior to the withdrawal minus the amount of the withdrawal.

Each time we recalculate the Benefit Base, we also recalculate, and in most cases reduce, the Guaranteed Withdrawal Amount. The Guaranteed Withdrawal Amount will equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount prior to the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% of the greater of: (a) the Contract Value after the withdrawal or (b) the new Benefit Base value.

We do not change your Guaranteed Withdrawal Amount when you make a withdrawal if your total withdrawals during a Contract Year are less than or equal to the Guaranteed Withdrawal Amount. If your withdrawals are less than the full Guaranteed Withdrawal Amount available in any Contract Year, the remaining Guaranteed Withdrawal Amount cannot be carried forward to the next Contract Year.

If you experience unfavorable investment performance, an Excess Withdrawal could result in substantial reductions to your Contract Value and Benefit Base. Your future Guaranteed Withdrawal Amount and/or Lifetime Income Amount could be significantly reduced, and if both your Contract Value and Benefit Base decline to zero before the Lifetime Income Date, you will lose your guaranteed minimum withdrawal benefit.

**Withdrawals before the Lifetime Income Date** *(not applicable to Principal Plus)*. Under Principal Plus for Life Series Riders, we deem any withdrawal before the Lifetime Income Date to be entirely or partially an Excess Withdrawal with respect to the Lifetime Income Amount because it reduces the Benefit Base we use on the Lifetime Income Date to determine the Lifetime Income Amount. This includes reductions to the Benefit Base caused by distributions under our Life Expectancy Distribution Program before the Lifetime Income Date.

**Withdrawals on and after the Lifetime Income Date** *(not applicable to Principal Plus)*. Under Principal Plus for Life Series Riders, we recalculate the Lifetime Income Amount after the Lifetime Income Date if an Excess Withdrawal is the

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result of total withdrawals during a Contract Year exceeding the Lifetime Income Amount (or if total withdrawals during a Contract Year have already exceeded the Lifetime Income Amount). In that case, the Lifetime Income Amount equals the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Amount prior to the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% of the greater of the Contract Value immediately after the withdrawal or the new Benefit Base value.

Under Principal Plus for Life Series Riders, we do not change your Lifetime Income Amount when you make a withdrawal if your total withdrawals during a Contract Year are less than or equal to the Lifetime Income Amount. *Although you may continue to take withdrawals up to the Guaranteed Withdrawal Amount after the Lifetime Income Date without reduction of the Guaranteed Withdrawal Amount benefit (as long as there is a positive Benefit Base value), your Lifetime Income Amount benefit may be reduced if the amount you withdraw exceeds the Lifetime Income Amount. You could eventually lose any benefit based on the Lifetime Income Amount if you continue to take withdrawals in excess of the Lifetime Income Amount.* 

If your annual withdrawals exceed the Guaranteed Withdrawal Amount, we recalculate amounts we guarantee for future <br> withdrawals. We may recalculate and reduce the Benefit Base, Guaranteed Withdrawal Amount and, Lifetime Income <br> Amount (under *Principal Plus for Life Series Riders*) values to reflect reductions that exceed the amount of your <br> withdrawals. A recalculation and reduction also may reduce the total amount guaranteed below the total of your Purchase <br> Payments and may reduce or eliminate future Guaranteed Withdrawal Amount and (under *Principal Plus for Life Series* <br> *Riders*) Lifetime Income Amount values. Withdrawals in excess of the Lifetime Income Amount may reduce or eliminate <br> future Lifetime Income Amount values.<br>

**Pre-Authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with a Principal Plus or Principal Plus for Life Series Rider, you may be able to pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. We offer our Income Made Easy Program for Contracts with a Principal Plus for Life, Principal Plus for Life *Plus* Automatic Annual Step-Up and Principal Plus for Life *Plus* Spousal Protection Rider to provide automatic payment of an income for the lifetime of the Covered Person. The full allowable amount is based on the Lifetime Income Amount. We also offer the Income Made Easy Program for Principal Plus, and the full allowable amount is based on the Guaranteed Withdrawal Amount. You can start taking withdrawals under the Income Made Easy Program no sooner than the earliest available Lifetime Income Date for your Rider (see "Pre-authorized Withdrawals – The Income Made Easy Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** The Life Expectancy Distribution Program is available with the Principal Plus and Principal Plus for Life Series Riders (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

For *Principal Plus*, the Company's Life Expectancy Amount for each year is equal to the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value as of the applicable date divided by the Owner's life expectancy; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base as of the applicable date divided by the Owner's life expectancy.

For purposes of these Life Expectancy Amount calculations, the Owner's life expectancy is determined using the applicable mortality tables (Uniform Table, if allowable) approved by the Internal Revenue Service for such specific purpose under the latest guidance or regulations, as of September 30, 2003, issued under the relevant section of the Code referred to above.

In the future, the requirements under tax law for such distributions may change and the Life Expectancy Amount calculation provided under *Principal Plus* may not be sufficient to satisfy the requirement under tax law for these types of distributions. In such a situation, amounts withdrawn to satisfy such distribution requirements will exceed the Life Expectancy Amount and may result in a recalculation and reduction of the Benefit Base and the Guaranteed Withdrawal Amount. Please discuss these matters with your tax professional for more information on distribution requirements under the Code.

Each withdrawal under our Life Expectancy Distribution Program reduces your Contract Value.

We will not make any further withdrawals under our Life Expectancy Distribution Program if both the Contract Value and <br> the Benefit Base are depleted to zero. Under a Principal Plus for Life Series Rider, however, we will make further <br> distributions as part of the Settlement Phase if the Lifetime Income Amount is greater than zero and the Covered Person is <br> living at that time.<br>

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**Settlement Phase.** Principal Plus enters a Settlement Phase if a withdrawal less than or equal to the Guaranteed Withdrawal Amount reduces the Contract Value to zero but the Benefit Base immediately after the withdrawal is greater than zero (see "Settlement Phase" below). The Principal Plus benefit terminates if the Contract Value and Benefit Base immediately after a withdrawal are both equal to zero.

The Principal Plus for Life Series Riders enters a Settlement Phase if a withdrawal less than or equal to the Guaranteed Withdrawal Amount reduces the Contract Value to zero but either the Benefit Base or the Lifetime Income Amount immediately after the withdrawal is greater than zero. The Rider benefit terminates if the Contract Value, Benefit Base and Lifetime Income Amount immediately after a withdrawal are all equal to zero.

*Settlement Payments during Principal Plus Settlement Phase.* At the beginning of Principal Plus's Settlement Phase, you may choose settlement payments that total an amount no greater than the Guaranteed Withdrawal Amount, or Life Expectancy Distributions if applicable, to be paid to you automatically each Contract Year until the Benefit Base depletes to zero (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" earlier in this Appendix). If the Guaranteed Withdrawal Amount, or the Life Expectancy Distribution if applicable, for a Contract Year exceeds the Benefit Base, however, then the settlement payment for that Contract Year will be limited to the Benefit Base. The settlement payments will be paid no less frequently than annually. If any Owner dies during Principal Plus's Settlement Phase, remaining settlement payments will be paid to the Beneficiary and are subject to the distribution provisions of the "Death Benefit Before Maturity Date" section of the Prospectus described in "Accumulation Period Provisions."

This provision is also applicable if the Beneficiary does *not* take the death benefit as a lump sum and Principal Plus continues (as described in "Impact of Death Benefits," below) and death benefit distributions deplete the death benefit to zero. When this occurs, settlement payments made in Principal Plus's Settlement Phase are subject to the distribution provisions of the "Death Benefit Before Maturity Date" section of the Contract described in "VII. Description of the Contract – Accumulation Period Provisions – Payment of Death Benefit."

*Settlement Payments during Principal Plus for Life Series Riders Settlement Phase.* At the beginning of the Settlement Phase, the settlement payment amount we permit you to choose varies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may choose an amount that is no greater than, or equal to, the Guaranteed Withdrawal Amount if the Benefit Base is greater than zero at the beginning of the Settlement Phase. We reduce any remaining Benefit Base each time we make a settlement payment, and automatically pay the settlement amount to you each Contract Year while the Covered Person is alive until the Benefit Base reduces to zero. After that, we make settlement payments to you each Contract Year during the Covered Person's lifetime in an amount that is equal to any remaining Lifetime Income Amount value. Keep in mind that in certain circumstances the Lifetime Income Amount may be less than the Guaranteed Withdrawal Amount, and under those circumstances your choice of an amount in excess of the Lifetime Income Amount could result in a reduction of the Lifetime Income Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may choose to continue to receive distribution payments under the Life Expectancy Distribution Program if the program is in effect under your Contract and the Benefit Base is greater than zero at the beginning of the Settlement Phase. If you do, we reduce any remaining Benefit Base each time we make a distribution payment and automatically make distribution payments each Contract Year while the Covered Person is alive until the Benefit Base reduces to zero. After that, we make settlement payments to you each Contract Year during the Covered Person's lifetime in an amount that is equal to any remaining Lifetime Income Amount value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We make settlement payments to you each Contract Year during the Covered Person's lifetime in an amount that is equal to the Lifetime Income Amount if there is no remaining Benefit Base at the beginning of the Settlement Phase. If the Covered Person is alive when the Benefit Base is depleted, we continue to make settlement payments each Contract Year during the Covered Person's lifetime in an amount that is equal to the Lifetime Income Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• After the Lifetime Income Date, if you choose to receive a settlement payment that is in excess of the Lifetime Income Amount, we recalculate the Lifetime Income Amount in the same manner as a withdrawal that exceeds the Lifetime Income Amount. We do not recalculate the Lifetime Income Amount, however, if you receive distribution payments under the Life Expectancy Distribution Program.

**Impact of Death Benefits.** If a death benefit becomes payable during the Accumulation Period but before the Settlement Phase, the Rider will end if the Beneficiary takes the death benefit provided under the terms of the Contract as a lump sum.

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*Continuation of Principal Plus.* If the Beneficiary does not take the death benefit as a lump sum, the following applies:

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| | | |
|:---|:---|:---|
| **If the Beneficiary is:** | **If the Beneficiary is:** | &nbsp;&nbsp; **Then**<br> **PRINCIPAL PLUS:** |
| 1. | &nbsp;&nbsp; The deceased Owner's <br> Spouse | Continues if the Benefit Base is greater than zero. |
| 1. | &nbsp;&nbsp; The deceased Owner's <br> Spouse | &nbsp;&nbsp; Within 30 days following the date we determine the death benefit under the <br> Contract, provides the Beneficiary with an option to elect to step up the Benefit <br> Base if the death benefit on the date of determination is greater than the Benefit <br> Base.<br>|
| 1. | &nbsp;&nbsp; The deceased Owner's <br> Spouse | &nbsp;&nbsp; Enters the Settlement Phase if a withdrawal would deplete the Contract Value to <br> zero, and the Benefit Base is still greater than zero. (Death benefit distributions <br> are treated as withdrawals. Some methods of death benefit distribution may <br> result in distribution amounts in excess of both the Guaranteed Withdrawal <br> Amount and the Life Expectancy Distributions. In such cases, the Benefit Base <br> may be automatically Reset, thereby possibly reducing the guaranteed minimum <br> withdrawal benefit provided under this Rider).<br>|
| 1. | &nbsp;&nbsp; The deceased Owner's <br> Spouse | Continues to impose the Principal Plus fee. |
| 1. | &nbsp;&nbsp; The deceased Owner's <br> Spouse | &nbsp;&nbsp; Continues to be eligible for any remaining Credits and Step-Ups, but we change <br> the date we determine and apply these benefits to future anniversaries of the date <br> we determine the initial death benefit. Remaining eligible Step-Up Dates will <br> also be measured beginning from the death benefit determination date but the <br> latest Step-Up Date will be no later than the 30th Contract Anniversary.<br>|
| 2. | &nbsp;&nbsp; Not the deceased Owner's <br> Spouse<br>| &nbsp;&nbsp; Continues in the same manner as above, except that Principal Plus does not <br> continue to be eligible for any remaining Credits and Step-Ups, other than the <br> initial Step-Up of the Benefit Base to equal the death benefit, if greater than the <br> Benefit Base prior to the death benefit.<br>|

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If the Beneficiary does not take the death benefit as a lump sum under the terms of the Contract and Principal Plus continues, we determine the Adjusted Benefit Base and the fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Continuation of Principal Plus for Life and Principal Plus for Life Plus Automatic Annual Step-Up.* If the Beneficiary elects not to take the death benefit as a lump sum, the following applies:

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| | | |
|:---|:---|:---|
| **If the Deceased**<br> **Owner is:** | **If the Deceased**<br> **Owner is:** | &nbsp;&nbsp; **Then**<br> **PRINCIPAL PLUS FOR LIFE OR PRINCIPAL PLUS FOR LIFE PLUS** <br> **AUTOMATIC ANNUAL STEP-UP:** |
| 1. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is the deceased <br> Owner's Spouse | &nbsp;&nbsp; Does not continue with respect to the Lifetime Income Amount, but continues <br> with respect to the Guaranteed Withdrawal Amount if the death benefit or the <br> Benefit Base is greater than zero. We automatically step up the Benefit Base to <br> equal the initial death benefit we determine, if greater than the Benefit Base <br> prior to the death benefit.<br>|
| 1. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is the deceased <br> Owner's Spouse | &nbsp;&nbsp; Enters the Settlement Phase if a withdrawal would deplete the Contract Value to <br> zero, and the Benefit Base is still greater than zero.<br>|
| 1. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is the deceased <br> Owner's Spouse | Continues to impose the Principal Plus for Life fee. |
| 1. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is the deceased <br> Owner's Spouse | &nbsp;&nbsp; Continues to be eligible for any remaining Credits and Step-Ups, but we change <br> the date we determine and apply these benefits to future anniversaries of the date <br> we determine the initial death benefit. We permit the Spouse to opt out of the <br> initial death benefit Step-Up, if any, and any future Step-Ups if we increase the <br> rate of the Rider fee at that time.<br>|

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| | | |
|:---|:---|:---|
| **If the Deceased**<br> **Owner is:** | **If the Deceased**<br> **Owner is:** | &nbsp;&nbsp; **Then**<br> **PRINCIPAL PLUS FOR LIFE OR PRINCIPAL PLUS FOR LIFE PLUS** <br> **AUTOMATIC ANNUAL STEP-UP:** |
| 2. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is not the <br> deceased Owner's Spouse<br>| &nbsp;&nbsp; Continues in the same manner as 1, except that Principal Plus for Life does not <br> continue to be eligible for any remaining Credits and Step-Ups, other than the <br> initial Step-Up of the Benefit Base to equal the death benefit, if greater than the <br> Benefit Base prior to the death benefit. We permit the Beneficiary to opt out of <br> the initial death benefit Step-Up, if any, if we increase the rate of the Rider fee at <br> that time.<br>|
| 3. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is the <br> deceased Owner's Spouse<br>| &nbsp;&nbsp; Continues in the same manner as 1, except that the Rider continues with respect <br> to the Lifetime Income Amount for the Beneficiary. If the Lifetime Income <br> Amount has not been determined prior to the payment of any portion of the <br> death benefit, we determine the initial Lifetime Income Amount on an <br> anniversary of the date we determine the death benefit after the Covered Person <br> has reached his or her Lifetime Income Date.<br>|
| 4. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is not the <br> deceased Owner's Spouse | &nbsp;&nbsp; Continues in the same manner as 1, except that the Rider continues with respect <br> to the Lifetime Income Amount for the Beneficiary. If the Lifetime Income <br> Amount has not been determined prior to the payment of any portion of the <br> death benefit, we determine the initial Lifetime Income Amount on an <br> anniversary of the date we determine the death benefit after the Covered Person <br> has reached his or her Lifetime Income Date.<br>|
| 4. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is not the <br> deceased Owner's Spouse | &nbsp;&nbsp; In this case, does not continue to be eligible for any remaining Credits and Step-<br> Ups, other than the initial Step-Up of the Benefit Base to equal the death benefit, <br> if greater than the Benefit Base prior to the death benefit. We permit the <br> Beneficiary to opt out of the initial death benefit Step-Up, if any, if we increase <br> the rate of the Rider fee at that time.<br>|

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If the Beneficiary does not take the death benefit as a lump sum under the terms of the Contract and Principal Plus for Life or Principal Plus for Life Plus Automatic Annual Step-Up continues, we determine the Adjusted Benefit Base and the fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death benefits during the Settlement Phase.* If you die during the Settlement Phase, the only death benefits we provide are the remaining settlement payments that may become due under the Principal Plus or Principal Plus for Life Rider. Under the Principal Plus for Life Series Riders, we reduce the Lifetime Income Amount to zero if the Covered Person dies during the Settlement Phase. An individual Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. An individual Beneficiary who is the deceased Owner's surviving Spouse may choose the amount of the settlement payments up to the Guaranteed Withdrawal Amount. Otherwise, the entire interest must be distributed within five years of the Owner's death.

*Death of First Covered Person under Principal Plus for Life Plus Spousal Protection Rider.* If the first Covered Person to die is an Owner of the Contract (or deemed to be an "Owner" if the Owner is a non-natural person), the surviving Covered Person may elect to continue the Contract in effect in lieu of receiving the Contract's death benefit as a lump sum, subject to the distribution options listed in the Contract. (See "Death after Removal of a Covered Person" below if there is no surviving Covered Person.) If the Contract continues, the Principal Plus for Life *Plus* Spousal Protection Rider will continue. We will continue to provide the Lifetime Income Amount guarantee only on the lifetime of the surviving Covered Person and continue to charge the Principal Plus for Life *Plus* Spousal Protection Rider fee (see "Rider Fees" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). If the death benefit is greater than the Contract Value, we will increase the *Contract Value* to equal the amount of the death benefit (but will not make any adjustments to the Benefit Base, Guaranteed Withdrawal Amount, Lifetime Income Amount, Credits or Step-Ups). We will treat any distribution of death benefits under a Contract as a "withdrawal" for purposes of subsequent calculations of the Benefit Base, the Guaranteed Withdrawal Amount and the Lifetime Income Amount.

If the first Covered Person to die is not the Owner (or is not deemed to be an "Owner" if the Owner is a non-natural person), no death benefit is payable under the Contract. The Rider will continue in effect, and we will base the duration of the Lifetime Income Amount only on the lifetime of the surviving Covered Person. We will continue to charge the Principal Plus for Life

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*Plus* Spousal Protection Rider fee; however, we will make no adjustments to the Contract Value or make any adjustments to the Benefit Base, Guaranteed Withdrawal Amount, Lifetime Income Amount, Credits or Step-Ups.

If the death of the first Covered Person occurs while the Rider is in its Settlement Phase, no additional death benefit is payable under the Contract and, in most instances, we will continue to make settlement payments in the same manner as before the death. If the death occurs before the Lifetime Income Date, we will compute a Lifetime Income Amount during the Settlement Phase on the Lifetime Income Date. At the time we compute the Lifetime Income Amount, we may permit the surviving Covered Person to receive settlement payments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no greater than the Guaranteed Withdrawal Amount until the Benefit Base is depleted to zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no less than the Lifetime Income Amount during the lifetime of the surviving Covered Person (the Lifetime Income Amount may be lower than the Guaranteed Withdrawal Amount and the duration of settlement payments based on the Lifetime Income Amount may be longer or shorter than the duration of settlement payments based on the Guaranteed Withdrawal Amount); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• based on amounts we calculate under our Life Expectancy Distribution Program (see "Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs <br> from the amount and duration in effect before the death of the first Covered Person.<br>

*Death of Last Covered Person under Principal Plus for Life Plus Spousal Protection Rider.* If the surviving Covered Person dies while the Rider is in effect and the Beneficiary does not take the death benefit under the Contract as a lump sum or as an Annuity Option, the Rider will continue if the death benefit or the Benefit Base is greater than zero at the time. We will step up the Benefit Base to equal the death benefit, if greater than the Benefit Base prior to the death benefit, and treat any distribution of death benefits under a Contract as a "withdrawal" for purposes of subsequent calculations of the Benefit Base and the Guaranteed Withdrawal Amount. The Rider will not continue to provide for any remaining Credits or Step-Ups, and will not continue with respect to the Lifetime Income Amount. If the Rider continues, the Rider fee will continue (see "Rider Fees" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). We will permit the Beneficiary to opt out of the initial death benefit Step-Up, if any, if we increase the rate of the Rider fee at that time. The Rider will enter its Settlement Phase if the Benefit Base is still greater than zero when distributions of death benefits under a Contract deplete any remaining death benefit proceeds to zero.

If the surviving Covered Person dies during the Settlement Phase, we will reduce the Lifetime Income Amount to zero. If the Beneficiary at that time is the Spouse of the decedent, that Spouse may choose the amount of any remaining settlement payments up to the Guaranteed Withdrawal Amount. An individual Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. Otherwise, the entire interest must be distributed within five years of the Owner's death. When settlement payments deplete the Benefit Base to zero, the Rider terminates and we make no additional payments to the Beneficiary.

*Death after Removal of a Covered Person.* In certain instances, a person initially designated as a Covered Person may be removed as a Covered Person from the Rider (see "Covered Person" in the definitions above). If that happens and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the removed Covered Person subsequently dies, there will be no impact on the guarantees provided by the Rider in most cases; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the remaining Covered Person subsequently dies, the Rider may continue in certain cases as described in "Death of Last Covered Person under Principal Plus for Life *Plus* Spousal Protection Rider" above.

*Termination of Rider* 

You may not terminate a Principal Plus or Principal Plus for Life Series Rider once it is in effect. The respective Rider terminates automatically, however, upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a death benefit is payable and the Beneficiary takes the death benefit as a lump sum under the terms of the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• under Principal Plus, the date the Benefit Base depletes to zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• under Principal Plus for Life Series Riders, the date the Contract Value, the Benefit Base and the Lifetime Income Amount all equal zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• under Principal Plus, the Maturity Date under the Contract; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• under Principal Plus for Life Series Riders, the date an Annuity Option begins; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a new guaranteed minimum withdrawal benefit Rider becomes effective under any Rider exchange program that we may make available; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of the Contract.

**Features of Principal Returns Rider** 

*Form of Guarantee* 

The Principal Returns Rider provides a guaranteed minimum withdrawal benefit during the Accumulation Period that guarantees the return of initial Purchase Payments (i.e., the cumulative Purchase Payments you pay for your Contract, up to a $5 million limit, from the date the Rider goes into effect until the next following Contract Anniversary), regardless of market performance, as long as you limit your annual withdrawals to a Guaranteed Withdrawal Amount (see below).

In addition, the Rider provides our guarantee that, as long as you take no withdrawals of Contract Value during the first 10 Contract Years, your Contract Value at the end of that period will not be less than the greater of (a) the amount of your initial Purchase Payments (up to $5 million) or (b) your Contract Value plus the sum of all Principal Returns Rider fees paid to date. Please read the discussion of the Ten Year Credit, below, for more details.

The Rider does not provide a lifetime income guarantee.

*Benefit Base* 

The Rider refers to the Benefit Base as the "Guaranteed Withdrawal Balance." The Benefit Base we use to determine the initial Guaranteed Withdrawal Amount is equal to your initial Purchase Payments. If we allowed you to purchase the Rider after the first Contract Year, we may have determined the Benefit Base by using your Contract Value after the first Contract Year.

The maximum Benefit Base at any time is $5 million. We increase the Benefit Base to reflect Additional Purchase Payments and Step-Ups. We reduce the Benefit Base if you take Excess Withdrawals. We may reduce the Benefit Base to reflect these withdrawals either on a dollar-for-dollar basis or on a pro-rata basis, depending on the nature of the withdrawal. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

*Benefit Rate* 

The Benefit Rate is 8%.

*Guaranteed Withdrawal Amount* 

The Guaranteed Withdrawal Amount is the amount we guarantee to be available each Contract Year for you to withdraw during the Accumulation Phase until the Benefit Base is depleted. The initial Guaranteed Withdrawal Amount is equal to 8% of the initial Benefit Base. The maximum Guaranteed Withdrawal Amount at any time is $400,000.

Although this Rider guarantees minimum annual withdrawal amounts, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. If you take withdrawals for more than the annual amounts permitted under the terms of the Principal Returns Rider, however, we may reduce the guaranteed minimum amounts. If you take withdrawals during the first 10 Contract Years, you are no longer eligible for our tenth year Accumulation Benefit. Please read the discussion of the Ten Year Credit, below, for more details.

*Increases in Guaranteed Amounts* 

**Additional Purchase Payments.** Our restrictions on Additional Purchase Payments may prevent you from increasing the amounts we guarantee under the Principal Returns Rider (see "Restrictions on Additional Purchase Payments," above).

We increase the Benefit Base (i.e., the Guaranteed Withdrawal Balance in your Rider) by the amount of each Additional Purchase Payment we accept, subject to the maximum Benefit Base limit of $5 million. In addition, we recalculate the Guaranteed Withdrawal Amount, and usually increase it, to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 8% of the Benefit Base immediately after the Purchase Payment; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount immediately prior to the Purchase Payment plus an amount equal to 8% of the Additional Purchase Payment.

We do not change the Guaranteed Withdrawal Amount if the recalculated amount is less than the Guaranteed Withdrawal Amount before the Additional Purchase Payment. Additional Purchase Payments during Contract Years Two through Ten may decrease the amount credited to your Contract Value under the Rider's Accumulation Benefit (see following section).

**Accumulation Benefit** *(not available for Riders issued in the state of Washington)*.

As long as you take no withdrawals during the first ten years that your Principal Returns Rider is in effect, we calculate and, to the extent necessary, apply a credit at the end of the period so that your Contract Value equals the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the amount of your initial Purchase Payments, up to $5 million; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value at the end of the ten-year period plus the sum of all Principal Returns Rider fees paid to that date.

Your initial Purchase Payments, for these purposes, means all Purchase Payments you make during the first Contract Year in which you purchased the Rider, up to $5 million. If you make any Additional Purchase Payments during Contract years two through ten, your Contract Value at the end of the Credit Period reflects these additional investments. These Additional Purchase Payments could reduce the amount that we would otherwise credit to your Contract Value, and therefore could reduce your ability to recover investment losses, if any, on your initial Purchase Payments.

If you qualify, we determine an Accumulation Benefit on your 10th Contract Anniversary and credit it to your Contract Value. We apply the Accumulation Benefit, if any, to each Investment Option in the same proportion that the value of Investment Accounts of each Investment Option bears to the Contract Value.

You are not eligible for an Accumulation Benefit if you take a withdrawal of Contract Value, including any required <br> minimum distribution from a Qualified Contract or any withdrawal of death benefit proceeds, during the first 10 Contract <br> Years.<br>

**Example 1:** Assume you invested $100,000 and took no withdrawals during the first 10 years. Account Value at the 10th Contract Anniversary equals $90,000. The sum of Rider fees equals $5,000. Since the Account Value plus the sum of Rider fees ($95,000) is less than the first year Purchase Payment ($100,000), we credit the Account Value $10,000 ($100,000 - $90,000) on the 10th Contract Anniversary to equal $100,000.

**Example 2:** Assume you invested $100,000 and took no withdrawals during the first 10 years. Account value at the 10th Contract Anniversary equals $120,000. The sum of Rider fees equals $5,000. Since the Account Value plus the sum of Rider fees ($125,000) is greater than the first year Purchase Payment ($100,000), we credit the Account Value $5,000 on the 10th Contract Anniversary to equal $125,000.

**Step-Ups.** The Principal Returns Rider provides Step-Ups. We discuss how the Step-Up works below. The Step-Up compares your Contract Value on a Step-Up Date to certain previously calculated guaranteed amounts.

We schedule Step-Up Dates for the 3rd, 6th and 9th Contract Anniversary after the Contract Date. After the 9th Contract Anniversary, we increase the schedule of Step-Up Dates to include each succeeding Contract Anniversary (i.e., the 10th, 11th, 12th, etc.) up to and including the Age 95 Contract Anniversary. You are no longer eligible for Step-Ups, however, if you decline a scheduled increase in the Rider fee rate (see "Rider Fees" earlier in this Appendix).

On each Step-Up Date, we compare the Benefit Base to the Contract Value on that date. If the Contract Value on any Step-Up Date is greater than the Benefit Base on that date, we automatically increase the Benefit Base to equal the Contract Value (up to a maximum Benefit Base of $5 million). Each time we recalculate a Step-Up, we also recalculate the Guaranteed Withdrawal Amount. The recalculated Guaranteed Withdrawal Amount equals the greater of the current Guaranteed Withdrawal Amount or 8% of the new Benefit Base.

*Impact of Step-Ups on Rider Fees.* Each time we increase the Benefit Base, we also increase the dollar amount of the Rider fee. The new Rider fee will be based on the new Benefit Base. We reserve the right to increase the rate of the fee on any Step-Up Date, up to a maximum rate of 0.95%. If we decide to increase the rate at the effective date of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the Step-Up (see "Rider Fees" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). If you decline the Step-Up, the fee rate will not be increased.

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*Declination of Step-Ups.* If you decline an automatic Step-Up, you will have the option to elect to step up the Benefit Base (as well as the Guaranteed Withdrawal Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base at that time, we will thereafter resume automatic Step-Ups.

**Example:** Assume you invested $100,000. The Benefit Base is set to $100,000 and the Guaranteed Withdrawal Amount (GWA) is set to $8,000. Prior to the 3rd Contract Anniversary there are no additional Purchase Payments and no withdrawals taken from the Contract. On the 3rd Contract Anniversary, the Account Value equals $110,000. We compare the current Benefit Base ($100,000) to the Account Value ($110,000) and increase the Benefit Base to match the Account Value. At the same time we recalculate the GWA to equal the greater of current GWA ($8,000) or 8% of the new Benefit Base $8,800 ($110,000 x 8%), and apply the greater ($8,800).

*Withdrawals, Distributions and Settlements* 

**Overview.** Although the Rider guarantees a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. We reduce your Contract Value and your death benefit each time you take a withdrawal (see "Impact of Death Benefits" in this section, below). We may reduce the Benefit Base and Guaranteed Withdrawal Amount values if you take Excess Withdrawals. If you experience unfavorable investment performance (and therefore your Contract Value is less than your Benefit Base) and then take withdrawals, your future Guaranteed Withdrawal Amount could be significantly reduced.

We reduce your Contract Value each time you take a withdrawal. We may reduce the Benefit Base and Guaranteed <br> Withdrawal Amount values if you take Excess Withdrawals. Excess Withdrawals may reduce or eliminate future Guaranteed <br> Withdrawal Amount values.<br>

**Excess Withdrawals.** We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals for more than the amount guaranteed under the terms of the Rider. Your future Guaranteed Withdrawal Amount could be significantly reduced if your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

An Excess Withdrawal under a Principal Returns Rider is a withdrawal (including applicable withdrawal charges) you take that, together with all other withdrawals (including any applicable withdrawal charges) previously taken during the Contract Year of withdrawal, exceeds the Guaranteed Withdrawal Amount at the time of the withdrawal.

We do not consider withdrawals under our Life Expectancy Distribution Program to result in Excess Withdrawals under the Rider unless you take additional withdrawals outside of that program.

**Impact of Withdrawals.** We decrease the Benefit Base each time you make a withdrawal. If your total withdrawals during a Contract Year are less than or equal to the Guaranteed Withdrawal Amount, we decrease the Benefit Base by the amount of the withdrawals. If an Excess Withdrawal is the result of your total withdrawals during a Contract Year exceeding the Guaranteed Withdrawal Amount (or if total withdrawals during a Contract Year have already exceeded the Guaranteed Withdrawal Amount), we automatically recalculate, and in most cases reduce, the Benefit Base to equal the *lesser* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value immediately after the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base immediately prior to the withdrawal minus the amount of the withdrawal.

Each time we recalculate the Benefit Base, we also recalculate, and in most cases reduce, the Guaranteed Withdrawal Amount. The Guaranteed Withdrawal Amount equals the *lesser* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount prior to the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 8% of the greater of: (a) the Contract Value after the withdrawal; or (b) the new Benefit Base value.

We do not change your Guaranteed Withdrawal Amount when you make a withdrawal if your total withdrawals during a Contract Year are less than or equal to the Guaranteed Withdrawal Amount. If your withdrawals are less than the full Guaranteed Withdrawal Amount available in any Contract Year, the remaining Guaranteed Withdrawal Amount cannot be carried forward to the next Contract Year.

If your annual withdrawals exceed the Guaranteed Withdrawal Amount, we recalculate amounts we guarantee for future <br> withdrawals. We may recalculate and reduce the Benefit Base and Guaranteed Withdrawal Amount by amounts that exceed <br> the amount of your withdrawals. A recalculation also may reduce the total amount guaranteed to an amount less than the <br> total of your Purchase Payments and may reduce or eliminate future Guaranteed Withdrawal Amount values.<br>

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**Pre-Authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with a Principal Returns Rider, you may be able to pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. We offer our Income Made Easy Program for Contracts with the Rider to provide automatic payment of withdrawals. The full allowable amount is based on the Guaranteed Withdrawal Amount (see "Pre-Authorized Withdrawals – The Income Made Easy Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** The Life Expectancy Distribution Program is available with the Principal Returns Rider (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

Each withdrawal under our automatic Life Expectancy Distribution Program reduces your Contract Value and Benefit Base. We do not allow any further withdrawals under the program if both the Contract Value and the Benefit Base are depleted to zero.

If you begin taking Life Expectancy Distributions during the first 10 Contract Years, you no longer qualify for the Rider's <br> Accumulation Benefit at your 10th Contract Anniversary.<br>

**Settlement Phase.** The Settlement Phase under the Rider begins if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value reduces to zero at any time during a Contract Year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• there were no Excess Withdrawals during that Contract Year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base is still greater than zero at the time.

*Settlement Payments during Principal Returns Settlement Phase.* At the beginning of the Principal Returns Settlement Phase, you may choose settlement payments that total an amount no greater than the Guaranteed Withdrawal Amount, or Life Expectancy Distributions if applicable, to be paid to you automatically each Contract Year until the Benefit Base depletes to zero (see "Life Expectancy Distribution Program"). If the Guaranteed Withdrawal Amount or the Life Expectancy Distribution, if applicable, for a Contract Year exceeds the Benefit Base, however, then the settlement payment for that Contract Year will be limited to the Benefit Base. The settlement payments will be paid no less frequently than annually. If any Owner dies during the Settlement Phase, remaining settlement payments will be paid to the Beneficiary and are subject to the distribution provisions described in "Accumulation Period Provisions – Death Benefit During Accumulation Period" section of the Prospectus.

This provision is also applicable if the Beneficiary does not take the death benefit as a lump sum and the Principal Returns Rider continues (as described in "Impact of Death Benefits" below) and death benefit distributions deplete the death benefit to zero. When this occurs, settlement payments made in the Settlement Phase are subject to the distribution provisions of the "Death Benefit Before Maturity Date" section of the Contract, described in the "Accumulation Period Provisions – Death Benefit During Accumulation Period" provision of the Prospectus.

**Impact of Death Benefits.** If a death benefit becomes payable during the Accumulation Period but before the Settlement Phase, the Principal Returns Rider will end if the Beneficiary takes the death benefit as a lump sum.

*Continuation of Principal Returns.* If the Beneficiary elects not to take the death benefit as a lump sum, then the Principal Returns Rider:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Continues if the Benefit Base is greater than zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Steps up the Benefit Base to equal the death benefit if the death benefit on the date of determination is greater than the Benefit Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enters the Settlement Phase if a withdrawal would deplete the Contract Value to zero, and the Benefit Base is still greater than zero. (Death benefit distributions will be treated as withdrawals. Some methods of death benefit distribution may result in distribution amounts that exceed the Guaranteed Withdrawal Amount and the Life Expectancy Distribution amount. In such cases, we may recalculate and reduce the Benefit Base, and reduce the guaranteed minimum withdrawal benefit provided under this Rider).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Continues to impose the Rider fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Continues to be eligible for any remaining Step-Ups, but we will change the date we determine and apply these benefits to the future anniversaries of the date we determine the initial death benefit. Remaining eligible Step-Up Dates will also be measured beginning from the death benefit determination date.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ends any remaining Step-Ups on the Age 95 Contract Anniversary date based on the date the deceased owner would have turned age 95, unless the Beneficiary is older than the deceased owner. If so, any remaining Step-Ups end on the Age 95 Contract Anniversary date based on the birthdate of the Beneficiary.

If the Beneficiary does not take the death benefit as a lump sum under the terms of the Contract and the Principal Returns Rider continues, we will determine the annual Rider fee (and the Adjusted Benefit Base) based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death benefits during the Settlement Phase.* If you die during the Settlement Phase, the only death benefits we provide are the remaining settlement payments that may become due under the Principal Returns Rider. If the Beneficiary is the deceased Owner's Spouse, the surviving Spouse may choose the amount of the settlement payments up to the Guaranteed Withdrawal Amount. An individual Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. Otherwise, the entire interest must be distributed within five years of the Owner's death.

*Termination of Rider* 

You may not terminate the Principal Returns Rider once it is in effect. The Rider terminates automatically, however, upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a death benefit is payable and the Beneficiary takes the death benefit as a lump sum under the terms of the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Benefit Base and the Contract Value both deplete to zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date an Annuity Option under the Contract begins; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a new guaranteed minimum withdrawal benefit Rider becomes effective under any Rider exchange program that we may make available; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of the Contract.

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**Appendix D: Optional Guaranteed Minimum Income Benefits** 

This Appendix provides a general description of the optional guaranteed minimum income benefit Riders that may have been available at the time you purchased a Venture<sup>®</sup> Contract. If you purchased an optional guaranteed minimum income benefit Rider, you will pay the charge shown in the Fee Tables for that benefit as long as it is in effect.

***You should carefully review your Contract, including any attached Riders, for complete information on benefits, conditions and limitations of any guaranteed minimum income benefit Riders applicable to your Contract.*** You should also carefully review "IX. Federal Tax Matters" for information about optional benefit Riders.

The following is a list of the various optional guaranteed minimum income benefits that may have been available to you at issue. Not all Riders were available at the same time or in all states.

<u>John Hancock USA</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Retirement Income Program I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Retirement Income Program II

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Retirement Income Program III

<u>John Hancock New York</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Retirement Income Program I

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Retirement Income Program II

The optional Guaranteed Retirement Income Programs guarantee a minimum lifetime fixed income benefit in the form of fixed monthly annuity payments. The amount of these payments is determined by applying an Income Base to the Monthly Income Factors described in the Guaranteed Retirement Income Benefit Rider. If the Guaranteed Retirement Income Benefit is exercised and the monthly annuity payments available under the Contract are greater than the monthly annuity payments provided by Guaranteed Retirement Income Benefit, we will pay the monthly annuity payments available under the Contract. The Guaranteed Retirement Income Benefit Riders were available only at Contract issue. The Riders are irrevocable and may only be terminated as described below.

**John Hancock USA** 

*Availability of Guaranteed Retirement Income Program* 

John Hancock USA offered three versions of the Guaranteed Retirement Income Program. Guaranteed Retirement Income Program I was available for Contracts issued between May 1998 and June 2001 (beginning and end dates may vary by state). Guaranteed Retirement Income Program II was available for Contracts issued between July 2001 and May 2003 (beginning and end dates may vary by state). Guaranteed Retirement Income Program III was available for Contracts issued between May 2003 and May 2004 (beginning and end dates may vary by state). We describe differences between Guaranteed Retirement Income Program I, Guaranteed Retirement Income Program II and Guaranteed Retirement Income Program III are described below.

**Conditions of Exercise**. The Guaranteed Retirement Income Program benefit may be exercised subject to the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• may not be exercised until the 10th Contract Anniversary (7th Contract Anniversary for Guaranteed Retirement Income Program I) and then must be exercised within 30 days immediately following the 10th Contract Anniversary (7th Contract Anniversary for Guaranteed Retirement Income Program I) or a subsequent Contract Anniversary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• must be exercised by the Contract Anniversary immediately prior to the oldest Annuitant's 85th birthday or the 10th Contract Anniversary, if later.

*Guaranteed Retirement Income Program I* 

The Income Base applied in determining the amount of Guaranteed Retirement Income Program annuity payments is defined below. The Income Base is reduced for any withdrawal charge remaining on the date of exercise of the Guaranteed Retirement Income Program benefit, and we reserve the right to reduce the Income Base by any premium taxes that may apply.

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**The Income Base is used solely for purposes of calculating the Guaranteed Retirement Income Program monthly annuity payments and does not provide a Contract Value or guarantee performance of any Investment Option.** 

**Income Base.** The Income Base is equal to (a) less (b), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all Purchase Payments made, accumulated at the growth factor indicated below starting on the date each payment is allocated to the Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the sum of Income Base reductions (defined below) in connection with withdrawals taken, accumulated at the growth factor indicated below starting on the date each deduction occurs.

**Guaranteed Retirement Income Program I Growth Factor.** The growth factor for Guaranteed Retirement Income Program I is 6% per annum if the oldest Annuitant is 75 or younger at issue, and 4% per annum if the oldest Annuitant is 76 or older at issue. The growth factor is reduced to 0% once the oldest Annuitant has turned age 85.

**Income Base Reductions.** Withdrawals will reduce the Income Base on a pro rata basis, equal to (i) multiplied by (ii) where: (i) is equal to the Income Base immediately prior to the withdrawal and (ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

**Step-Up of Income Base.** Within 30 days immediately following any Contract Anniversary, you may elect in writing to step up the Income Base to the Contract Value on that Contract Anniversary. If you elect to step up the Income Base, the earliest date that you may exercise the Guaranteed Retirement Income Program is extended to the 7th Contract Anniversary following the date the Step-Up is effective (the Step-Up Date).

Following a Step-Up of the Income Base, the Income Base as of the Step-Up Date is equal to the Contract Value on the Step-Up Date. For purposes of subsequent calculation of the Income Base, the Contract Value on the Step-Up Date will be treated as a Purchase Payment made on that date, and all Purchase Payments made and all amounts deducted in connection with withdrawals prior to the Step-Up Date will not be considered.

*Guaranteed Retirement Income Program II and Guaranteed Retirement Income Program III* 

The Income Base applied in determining the amount of Guaranteed Retirement Income Program annuity payments is the greater of (i) the Growth Factor Income Base or (ii) the Step-Up Income Base. The Income Base is reduced for any withdrawal charge remaining on the date of exercise of the Guaranteed Retirement Income Program benefit, and we reserve the right to reduce the Income Base by any premium taxes that may apply.

**The Income Base is used solely for purposes of calculating the Guaranteed Retirement Income Program monthly annuity payments and does not provide a Contract Value or guarantee performance of any Investment Option.** 

*Growth Factor Income Base* 

The Growth Factor Income Base is equal to (a) less (b), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all Purchase Payments made, accumulated at the growth factor indicated below starting on the date each payment is allocated to the Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the sum of Income Base reductions (defined below) in connection with withdrawals taken, accumulated at the growth factor indicated below starting on the date each deduction occurs.

**Guaranteed Retirement Income Program II Growth Factor.** The growth factor for Guaranteed Retirement Income Program II is 6% per annum if the oldest Annuitant is 75 or younger at issue, and 4% per annum if the oldest Annuitant is 76 or older at issue. The growth factor is reduced to 0% once the oldest Annuitant has turned age 85.

**Guaranteed Retirement Income Program III Growth Factor.** The growth factor for Guaranteed Retirement Income Program III is 5% per annum if the oldest Annuitant is 75 or younger at issue, and 3% per annum if the oldest Annuitant is 76 or older at issue. The growth factor is reduced to 0% once the oldest Annuitant has turned age 85.

**Step-Up Income Base.** The Step-Up Income Base is equal to the greatest anniversary value after the effective date of the Guaranteed Retirement Income Program and prior to the oldest Annuitant's 81st birthday. The anniversary value is equal to the Contract Value on the last day of the Contract Year, plus subsequent Purchase Payments, less any Income Base reductions (defined below) in connection with withdrawals since the last day of the Contract Year.

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**Guaranteed Retirement Income Program II Income Base Reductions.** Withdrawals will reduce the Growth Factor Income Base and the Step-Up Income Base on a pro rata basis, equal to (i) multiplied by (ii) where: (i) is equal to the Growth Factor Income Base or the Step-Up Income Base, as appropriate, immediately prior to the withdrawal; and (ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

**Guaranteed Retirement Income Program III Income Base Reductions.** If total withdrawals taken during a Contract Year are no greater than the Annual Withdrawal Limit then the Withdrawal Reduction reduces the Growth Factor Income Base on the next Contract Anniversary by the dollar amount of the withdrawal. If total withdrawals taken during a Contract Year are greater than the Annual Withdrawal Limit, then the Withdrawal Reduction will instead reduce the Growth Factor Income Base on a pro rata basis, equal to (i) multiplied by (ii) where: (i) is equal to the Growth Factor Income Base immediately prior to the withdrawal; and (ii) is equal to the Withdrawal Amount divided by the Contract Value prior to the withdrawal. In any Contract Year, the Annual Withdrawal Limit is determined by multiplying the Growth Factor Income Base on the previous Contract Anniversary by the growth factor indicated above.

Withdrawals will reduce the Step-Up Income Base on a pro rata basis, equal to (i) multiplied by (ii) where: (i) is equal to the Step-Up Income Base immediately prior to the withdrawal and (ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

*Monthly Income Factors Available for Guaranteed Retirement Income Program I, Guaranteed Retirement Income Program II and Guaranteed Retirement Income Program III* 

The Income Base may be applied to Monthly Income Factors to purchase a guaranteed lifetime income under the following Annuity Options which are described in "VII. Description of the Contract – Pay-out Period Provisions – Annuity Options."

*Life Annuity with a 10-Year Period Certain* – Available for Contracts with Guaranteed Retirement Income Program I, Guaranteed Retirement Income Program II and Guaranteed Retirement Income Program III.

*Joint and Survivor Life Annuity with a 20-Year Period Certain* – Available for Contracts with Guaranteed Retirement Income Program I and Guaranteed Retirement Income Program II issued prior to January 27, 2003 (availability may vary by state).

*Joint and Survivor Life Annuity with a 10-Year Period Certain* – Available for Contracts with Guaranteed Retirement Income Program III and for Contracts issued with Guaranteed Retirement Income Program II on or after January 27, 2003 (availability may vary by state).

The Monthly Income Factors are described in the Guaranteed Retirement Income Program Rider. When you exercise a Guaranteed Retirement Income Program, actual income will be based on the greater of (i) your Income Base at Monthly Income Factors, or (ii) your Contract Value at current annuity payment rates. (The Income Base cannot be applied to current annuitization rates.)

If your Contract has been issued with a Guaranteed Retirement Income Program Rider, the Annuitant may only be changed to an individual that is the same age or younger than the oldest current Annuitant. A change of Annuitant will not affect the Income Base calculation.

*Guaranteed Retirement Income Program Fee* 

The risk assumed by us associated with a Guaranteed Retirement Income Program is that annuity benefits payable under a Guaranteed Retirement Income Program are greater than annuity benefits that would have been payable if you had selected another annuity benefit permitted by the Contract. To compensate us for this risk, we charge an annual fee (the "Guaranteed Retirement Income Program Fee"). On or before the Maturity Date, the Guaranteed Retirement Income Program Fee is deducted on each Contract Anniversary. The amount of the Guaranteed Retirement Income Program Fee is equal to the percentage from the table below multiplied by the Income Base in effect on that Contract Anniversary. The Guaranteed Retirement Income Program Fee is withdrawn from each Investment Option in the same proportion that the value of the Investment Account of each Investment Option bears to the Contract Value.

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| | |
|:---|:---|
| **Guaranteed Retirement Income Program Rider** | **Annual Fee** |
| Guaranteed Retirement Income Program I | 0.25% |
| Guaranteed Retirement Income Program II | 0.45% |
| Guaranteed Retirement Income Program III | 0.50% |

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If there is a full withdrawal of Contract Value on any date other than the Contract Anniversary, we will deduct a pro-rata portion of the Guaranteed Retirement Income Program Fee from the amount paid upon withdrawal. In the case of a full withdrawal, the Guaranteed Retirement Income Program Fee will be multiplied by the Income Base immediately prior to withdrawal. The Guaranteed Retirement Income Program Fee will not be deducted during the Pay-out Period. For purposes of determining the Guaranteed Retirement Income Program Fee, the commencement of annuity payments will be treated as a full withdrawal.

*Termination of Guaranteed Retirement Income Program* 

A Guaranteed Retirement Income Program will terminate upon the earliest to occur of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Anniversary immediately prior to the oldest Annuitant's 85th birthday or the tenth Contract Anniversary, if later;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the termination of the Contract for any reason; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the exercise of the Guaranteed Retirement Income Program benefit.

*Qualified Plans* 

The use of Guaranteed Retirement Income Programs is limited in connection with its use under Qualified Plans, including an IRA, because of the minimum distribution requirements imposed by federal tax law on these plans. In general, if a Guaranteed Retirement Income Program is not exercised under a Qualified Plan while you are alive, your Beneficiary may be unable to exercise the benefit under a Guaranteed Retirement Income Program. Changes in federal tax laws may also limit a Beneficiary's ability to receive benefits under the Guaranteed Retirement Income Program.

Hence, you should consider that because (a) a Guaranteed Retirement Income Program may not be exercised until the 10th Contract Anniversary after its election (7th Contract Anniversary for Guaranteed Retirement Income Program I) and (b) the election of a Guaranteed Retirement Income Program is irrevocable, there can be circumstances under a Qualified Plan in which a Guaranteed Retirement Income Program Fee (discussed above) will be imposed, even though the Guaranteed Retirement Income Program may not be exercised because of the restrictions imposed by the minimum distribution requirements. Please consult your own qualified tax professional.

In addition, the presence of an optional benefit, such as a Guaranteed Retirement Income Program, could affect the amount of the required minimum distribution that must be made under your Contract.

In order to comply with applicable federal income tax laws, in some circumstances, we will shorten the guarantee period under an Annuity Option so that it does not exceed the life expectancy of the Annuitant, or the joint life expectancies of the joint Annuitants, depending on the Annuity Option chosen. Once the guarantee period is shortened upon exercise of a Guaranteed Retirement Income Program, it will not be further reduced. The guarantee period will never be increased based on the life expectancy of the Annuitant or at any other time or due to any other event.

**Guaranteed Retirement Income Programs do not provide Contract Value or guarantee performance of any Investment Option. Because this benefit is based on conservative actuarial factors, the level of lifetime income that it guarantees may often be less than the level that would be provided by application of Contract Value at current annuity factors. Therefore, Guaranteed Retirement Income Programs should be regarded as a safety net. As described above under "Income Base," withdrawals will reduce the Guaranteed Retirement Income Program benefit.** 

**John Hancock New York** 

*Availability of Guaranteed Retirement Income Program* 

John Hancock New York offered two versions of the Guaranteed Retirement Income Program. Guaranteed Retirement Income Program I was available for Contracts issued between September 10, 2001, and July 21, 2003. Guaranteed Retirement Income Program II was available for Contracts issued between December 2, 2002 and June 11, 2004. Any differences between Guaranteed Retirement Income Program I and Guaranteed Retirement Income Program II are described below.

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**Conditions of Exercise.** The Guaranteed Retirement Income Program benefit may be exercised subject to the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• may not be exercised until the 10th Contract Anniversary and then must be exercised within 30 days immediately following the 10th Contract Anniversary or a subsequent Contract Anniversary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• must be exercised by the Contract Anniversary immediately prior to the oldest Annuitant's 85th birthday or the 10th Contract Anniversary, if later.

*Income Base* 

The Income Base applied in determining the amount of Guaranteed Retirement Income Program annuity payments is the greater of (i) the Growth Factor Income Base (Guaranteed Retirement Income Program II only) or (ii) the Step-Up Income Base. The Income Base is reduced for any withdrawal charge remaining on the date of exercise of the Guaranteed Retirement Income Program benefit, and we reserve the right to reduce the Income Base by any premium taxes that may apply.

**The Income Base is used solely for purposes of calculating the Guaranteed Retirement Income Program monthly annuity payments and does not provide a Contract Value or guarantee performance of any Investment Option.** 

**Growth Factor Income Base (Guaranteed Retirement Income Program II only).** The Growth Factor Income Base is equal to (a) less (b), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all Purchase Payments made, accumulated at the growth factor indicated below starting on the date each payment is allocated to the Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the sum of Income Base reductions (defined below) in connection with withdrawals taken, accumulated at the growth factor indicated below starting on the date each deduction occurs.

**Growth Factor.** The growth factor for Guaranteed Retirement Income Program II is 6% per annum if the oldest Annuitant is 75 or younger at issue, and 4% per annum if the oldest Annuitant is 76 or older at issue. The growth factor is reduced to 0% once the oldest Annuitant has turned age 85.

**Step-Up Income Base.** The Step-Up Income Base is equal to the greatest anniversary value after the effective date of the Guaranteed Retirement Income Program and prior to the oldest Annuitant's 81st birthday. The anniversary value is equal to the Contract Value on the last day of the Contract Year, plus subsequent Purchase Payments, less any Income Base reductions (defined below) in connection with withdrawals since the last day of the Contract Year.

**Income Base Reductions.** Withdrawals will reduce the Growth Factor Income Base and the Step-Up Income Base on a pro rata basis, equal to (i) multiplied by (ii) where: (i) is equal to the Growth Factor Income Base or the Step-Up Income Base, as appropriate, immediately prior to the withdrawal and (ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

Withdrawals will reduce the Step-Up Income Base on a pro rata basis, equal to (i) multiplied by (ii) where: (i) is equal to the Step-Up Income Base immediately prior to the withdrawal and (ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

**Monthly Income Factors.** The Income Base may be applied to Monthly Income Factors to purchase a guaranteed lifetime income under the following Annuity Options which are described in "VII. Description of the Contract – Pay-out Period Provisions – Annuity Options":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Life Annuity with a 10-Year Period Certain;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Joint and Survivor Life Annuity with a 20-Year Period Certain.

The Monthly Income Factors are described in the Guaranteed Retirement Income Program Rider. When you exercise Guaranteed Retirement Income Program, actual income will be based on the greater of (i) your Income Base at Monthly Income Factors, or (ii) your Contract Value at current annuity payment rates. (The Income Base cannot be applied to current annuitization rates).

If your Contract has been issued with a Guaranteed Retirement Income Program Rider, the Annuitant may only be changed to an individual that is the same age or younger than the oldest current Annuitant. A change of Annuitant will not affect the Income Base calculation.

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*Guaranteed Retirement Income Program Fee* 

The risk assumed by us associated with a Guaranteed Retirement Income Program is that annuity benefits payable under a Guaranteed Retirement Income Program are greater than annuity benefits that would have been payable if you had selected another annuity benefit permitted by the Contract. To compensate us for this risk, we charge an annual fee (the "Guaranteed Retirement Income Program Fee"). On or before the Maturity Date, the Guaranteed Retirement Income Program Fee is deducted on each Contract Anniversary.

The amount of the Guaranteed Retirement Income Program Fee is equal to the percentage from the table below multiplied by the Income Base in effect on that Contract Anniversary. The Guaranteed Retirement Income Program Fee is withdrawn from each Investment Option in the same proportion that the value of the Investment Account of each Investment Option bears to the Contract Value.

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| | |
|:---|:---|
| **Guaranteed Retirement Income Program Rider** | **Annual Fee** |
| Guaranteed Retirement Income Program I | 0.30% |
| Guaranteed Retirement Income Program II | 0.45% |

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If there is a full withdrawal of Contract Value on any date other than the Contract Anniversary, we will deduct a pro-rata portion of the Guaranteed Retirement Income Program Fee from the amount paid upon withdrawal. In the case of a full withdrawal, the Guaranteed Retirement Income Program Fee will be multiplied by the Income Base immediately prior to withdrawal. The Guaranteed Retirement Income Program Fee will not be deducted during the Pay-out Period. For purposes of determining the Guaranteed Retirement Income Program Fee, the commencement of annuity payments will be treated as a full withdrawal.

*Termination of Guaranteed Retirement Income Program* 

A Guaranteed Retirement Income Program will terminate upon the earliest to occur of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Anniversary immediately prior to the oldest Annuitant's 85th birthday or the tenth Contract Anniversary, if later;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the termination of the Contract for any reason; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the exercise of the Guaranteed Retirement Income Program benefit.

*Qualified Plans* 

The use of a Guaranteed Retirement Income Program is limited in connection with its use under Qualified Plans, including an IRA, because of the minimum distribution requirements imposed by federal tax law on these plans. In general, if a Guaranteed Retirement Income Program is not exercised under a Qualified Plan while you are alive, your Beneficiary may be unable to exercise the benefit under a Guaranteed Retirement Income Program. Changes in federal tax laws may also limit a Beneficiary's ability to receive benefits under the Guaranteed Retirement Income Program.

You should consider that because (a) a Guaranteed Retirement Income Program may not be exercised until the 10th Contract Anniversary after its election and (b) the election of Guaranteed Retirement Income Program is irrevocable, there can be circumstances under a Qualified Plan in which a Guaranteed Retirement Income Program Fee (discussed above) will be imposed, even though a Guaranteed Retirement Income Program may not be exercised because of the restrictions imposed by the minimum distribution requirements. Please consult your own qualified tax professional.

In addition, the presence of an optional benefit, such as a Guaranteed Retirement Income Program, could affect the amount of the required minimum distribution that must be made under your Contract.

In order to comply with applicable federal income tax laws, in some circumstances, we will shorten the guarantee period <br> under an Annuity Option so that it does not exceed the life expectancy of the Annuitant, or the joint life expectancies of the <br> co-Annuitants, depending on the Annuity Option chosen. Once the guarantee period is shortened upon exercise of a <br> Guaranteed Retirement Income Program, it will not be further reduced. The guarantee period will never be increased based <br> on the life expectancy of the Annuitant or at any other time or due to any other event.<br>

**Guaranteed Retirement Income Programs do not provide Contract Value or guarantee performance of any Investment Option. Because this benefit is based on conservative actuarial factors, the level of lifetime income that it guarantees may often be less than the level that would be provided by application of Contract Value at current annuity factors.** 

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**Therefore, a Guaranteed Retirement Income Program should be regarded as a safety net. As described above under "Income Base," withdrawals will reduce the Guaranteed Retirement Income Program benefit.**

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Our Statements of Additional Information provide additional information about the Contracts, including any optional benefit Riders and the Separate Accounts, including information on our history, services provided to the Separate Accounts and legal and regulatory matters. We filed the Statements of Additional Information with the SEC on the same date as this Prospectus, and incorporate them herein by reference. You may obtain a copy of the current Statements of Additional Information, request other information about the Contracts and make investor inquiries without charge upon request by contacting us at the Annuities Service Center shown below, on our website at www.johnhancock.com/annuities or by calling us at 1-800-344-1029.

We file periodic reports and other information about the Contract and the Separate Account as required under the federal securities laws. Those reports and other information about us are available on the SEC's website at http://www.sec.gov, and copies of reports and other information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

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| | | | |
|:---|:---|:---|:---|
| **JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)** | **JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)** | **JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK** | **JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK** |
| **John Hancock Annuities Service Center** | **John Hancock Annuities Service Center** | **John Hancock Annuities Service Center** | **John Hancock Annuities Service Center** |
| **Mailing Address** | **Overnight Mail Address** | **Mailing Address** | **Overnight Mail Address** |
| PO Box 55444<br> Boston, MA 02205-5444<br> www.johnhancock.com/annuities<br>| 372 University Ave – Suite 55444<br> Westwood, MA 02090<br> 1-800-344-1029<br>| PO Box 55445<br> Boston, MA 02205-5445<br> www.johnhancock.com/annuities<br>| 372 University Ave – Suite 55445<br> Westwood, MA 02090<br> 1-800-344-1029<br>|

---

**JHUSA Issued Contracts:** <br>1940 Act File No. 811-04113 <br>1933 Act File No. 333-333-70728 <br>EDGAR Contract Identifier No. C000007842, C000007843, C000007844, C000007845 <br>

<br>1940 Act File No. 811-04113 <br>1933 Act File No. 333-70730 <br>EDGAR Contract Identifier No. C000007840, C000007841 <br>

<br>**JHNY Issued Contracts:** <br>1940 Act File No. 811-06584 <br>1933 Act File No. 033-79112 <br>EDGAR Contract Identifier No. C000007850

------

![](g48207img81113eb11.gif)

------

**Wealthmark Variable Annuity Prospectus** 

***Previously Issued Contracts*** 

------

**April 27, 2026**

This Prospectus describes interests in WEALTHMARK flexible Purchase Payment deferred combination individual and group Fixed and Variable Annuity contracts (singly, a "Contract" and collectively, the "Contracts") that were previously issued by **John Hancock Life Insurance Company (U.S.A.)** ("John Hancock USA") in all jurisdictions except New York, or by **John Hancock Life Insurance Company of New York** ("John Hancock New York") in New York. These Contracts are no longer offered for sale, however, you may make Additional Purchase Payments as permitted under your Contract and our administrative rules. Unless otherwise specified, "we," "us," "our," or a "Company" refers to the applicable issuing company of a Contract. You, the Contract Owner, should refer to the first page of your Wealthmark Variable Annuity Contract for the name of your issuing Company.

**Variable Investment Options.** You may allocate Contract Values or Additional Purchase Payments (to the extent permitted under your Contract) to Variable Investment Options. If you do, we will measure your Contract Value (other than amounts allocated to a Fixed Investment Option) and Variable Annuity payments according to the investment performance of applicable Subaccounts of **John Hancock Life Insurance Company (U.S.A.) Separate Account H** or, in the case of John Hancock New York, applicable Subaccounts of **John Hancock Life Insurance Company of New York Separate Account A** (singly, a "Separate Account" and collectively, the "Separate Accounts"). Each Subaccount invests in a Portfolio, listed in the "APPENDIX: PORTFOLIOS AVAILABLE UNDER THE CONTRACT" section to this Prospectus, that corresponds to one of the Variable Investment Options that we make available on the date of this Prospectus.

Some John Hancock New York Contracts may have been issued with a Payment Enhancement Rider. Expenses for a Contract with a Payment Enhancement Rider may be higher than expenses for a Contract without the Rider, and the amount gained from the Rider may be more than offset by the additional fees and charges associated with the Rider.

This Contract is a complex investment and involves risks, including potential loss of principal. This Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The Contract is unsuitable as a short-term savings vehicle because of the substantial Contract-level charges, including the surrender charge, as well as potential adverse tax consequences from such short-term use. Withdrawals could also result in surrender charges, taxes, and tax penalties, as applicable.

Investment in the Contract is subject to risks related to John Hancock USA or John Hancock New York, including that the obligations (including under the fixed account investment option), guarantees, or benefits are subject to the financial strength and claims-paying ability of John Hancock USA or John Hancock New York.

**Contracts are not deposits or obligations of, or insured, guaranteed or endorsed by, any bank, the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency. Please read this Prospectus carefully and keep it for future reference. It contains information about the Separate Accounts and Variable Investment Options that you should know before investing. The Contracts have not been approved or disapproved by the Securities and Exchange Commission ("SEC"). Neither the SEC nor any state has determined whether this Prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.**

0426:WMRK-1

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
|  | **Page No.** |
| **[I. Glossary](#xx_0f8baeff-0aa6-4b7b-a1f9-500e25ba261c_1)** | **1** |
| **[II. Overview](#xx_75331cf4-c009-4a10-94aa-32ddaa9cdece_1)** | **5** |
| **[III. Key Information](#xx_6276f2fa-e1f2-4053-a7ae-625a36a3e2ac_1)** | **8** |
| **[IV. Fee Tables](#xx_90a400c6-3687-45cf-9e15-bdb977cac76c_1)** | **13** |
| **[Examples](#xx_90a400c6-3687-45cf-9e15-bdb977cac76c_3)** | **15** |
| **[V. Principal Risks of Investing in the Contract](#xx_2c411326-7378-47c4-a695-139f6517295a_1)** | **17** |
| **[VI. General Information about Us,](#xx_309461f8-7938-4db9-bb1a-329124f2d386_1)**<br> **[the Separate Accounts and the Portfolios](#xx_309461f8-7938-4db9-bb1a-329124f2d386_1)**<br>| **19** |
| **[The Companies](#xx_309461f8-7938-4db9-bb1a-329124f2d386_1)** | **19** |
| **[The Separate Accounts](#xx_309461f8-7938-4db9-bb1a-329124f2d386_1)** | **19** |
| **[The Portfolios](#xx_309461f8-7938-4db9-bb1a-329124f2d386_2)** | **20** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Investment Management](#xx_309461f8-7938-4db9-bb1a-329124f2d386_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Portfolio Expenses](#xx_309461f8-7938-4db9-bb1a-329124f2d386_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Funds of Funds and Master-Feeder Funds](#xx_309461f8-7938-4db9-bb1a-329124f2d386_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Portfolio Investment Objectives](#xx_309461f8-7938-4db9-bb1a-329124f2d386_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| **[Voting Interest](#xx_309461f8-7938-4db9-bb1a-329124f2d386_5)** | **23** |
| **[VII. Description of the Contract](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_1)** | **24** |
| **[Eligible Plans](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_1)** | **24** |
| **[Accumulation Period Provisions](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_1)** | **24** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Standard/Optional Benefits](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Purchase Payments](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Payment Enhancement](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Accumulation Units](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Value of Accumulation Units](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Net Investment Factor](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Transfers You May Make Among Investment](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_5)<br> [Options](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_5)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Maximum Number of Investment Options](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Telephone and Electronic Transactions](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Special Transfer Services – Dollar Cost](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_7)<br> [Averaging Program](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_7)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Special Transfer Services – Asset Rebalancing](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_7)<br> [Program](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_7)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Signature Guarantee Requirements for](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_9)<br> [Surrenders and Withdrawals](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_9)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Special Withdrawal Services – The Income Plan](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_9) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Special Withdrawal Services - The Income](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_9)<br> [Made Easy Program](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_9)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Benefits Available Under the Contract](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Optional Guaranteed Minimum Withdrawal](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_13)<br> [Benefits](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_13)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit During Accumulation Period](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Optional Enhanced Death Benefits](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| **[Pay-out Period Provisions](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_16)** | **39** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [General](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_16) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuity Options](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_17) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Determination of Amount of the First Variable](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_19)<br> [Annuity Payment](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_19)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuity Units and the Determination of](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_20)<br> [Subsequent Variable Annuity Payments](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_20)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Transfers During the Pay-out Period](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_20) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit During the Pay-out Period](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_20) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Optional Guaranteed Minimum Income](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_20)<br> [Benefits](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_20)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43 |
| **[Other Contract Provisions](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_21)** | **44** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Ownership](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_21) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuitant](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Beneficiary](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Modification](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Code Section 72(s)](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Misstatement and Proof of Age, Sex or Survival](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_22) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45 |
| **[Fixed Investment Options](#xx_b601cfcf-aade-4263-96af-9e6940a731e1_22)** | **45** |
| **[VIII. Charges and Deductions](#xx_8c8ab015-ff62-4cf3-bace-c243e3b70135_1)** | **48** |
| **[Withdrawal Charges](#xx_8c8ab015-ff62-4cf3-bace-c243e3b70135_1)** | **48** |

---

---

| | |
|:---|:---|
|  | **Page No.** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Waiver of Applicable Withdrawal Charge –](#xx_8c8ab015-ff62-4cf3-bace-c243e3b70135_2)<br> [Confinement to Eligible Nursing Home](#xx_8c8ab015-ff62-4cf3-bace-c243e3b70135_2)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49 |
| **[Annual Contract Fee](#xx_8c8ab015-ff62-4cf3-bace-c243e3b70135_3)** | **50** |
| **[Asset-Based Charges](#xx_8c8ab015-ff62-4cf3-bace-c243e3b70135_3)** | **50** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Administration Fee](#xx_8c8ab015-ff62-4cf3-bace-c243e3b70135_3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Mortality and Expense Risks Fee](#xx_8c8ab015-ff62-4cf3-bace-c243e3b70135_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51 |
| **[Reduction or Elimination of Charges and](#xx_8c8ab015-ff62-4cf3-bace-c243e3b70135_4)**<br> **[Deductions](#xx_8c8ab015-ff62-4cf3-bace-c243e3b70135_4)**<br>| **51** |
| **[Premium Taxes](#xx_8c8ab015-ff62-4cf3-bace-c243e3b70135_5)** | **52** |
| **[IX. Federal Tax Matters](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_1)** | **53** |
| **[Introduction](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_1)** | **53** |
| **[Our Tax Status](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_1)** | **53** |
| **[Special Considerations for Optional Benefits](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_2)** | **54** |
| **[General Information Regarding Nonqualified](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_2)**<br> **[Contracts](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_2)**<br>| **54** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Tax Deferral During Accumulation Period](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Aggregation of Contracts](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Exchanges of Annuity Contracts](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Loss of Interest Deduction Where Contracts are](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_4)<br> [Held by or for the Benefit of Certain](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_4)<br> [Non-Natural Persons](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_4)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Taxation of Annuity Payments](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Surrenders, Withdrawals, Transfers and Death](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_4)<br> [Benefits](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_4)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Taxation of Death Benefit Proceeds](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Penalty Tax on Premature Distributions](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Diversification Requirements](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Medicare Tax on Unearned Income](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Puerto Rico Nonqualified Contracts](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58 |
| **[General Information Regarding Qualified](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_7)**<br> **[Contracts](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_7)**<br>| **59** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Additional Purchase Payments to Qualified](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_7)<br> [Contracts](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_7)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Distribution Requirements](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59 |
| **[Traditional IRAs](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_7)** | **59** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Contributions to a Traditional IRA](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Distributions from a Traditional IRA](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Required Minimum Distributions from a](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_8)<br> [Traditional IRA](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_8)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Penalty Tax on Premature Distributions from a](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_9)<br> [Traditional IRA](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_9)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61 |
| **[Roth IRAs](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_9)** | **61** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Contributions to a Roth IRA](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_9) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Distributions from a Roth IRA](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Penalty Tax on Premature Distributions from a](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_10)<br> [Roth IRA](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_10)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Conversion or Rollover to a Roth IRA](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62 |
| **[Other Qualified Plans](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_11)** | **63** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Collecting and Using Information](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Contributions to Other Qualified Plans](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Distributions from Other Qualified Plans](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Required Minimum Distributions from Other](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_13)<br> [Qualified Plans](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_13)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Penalty Tax on Premature Distributions from](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_14)<br> [Other Qualified Plans](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_14)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Withholding on Eligible Rollover Distributions](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_14) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Designated Roth Accounts within Other](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_15)<br> [Qualified Plans](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_15)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Rollover to a Roth IRA](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Section 403(b) Plans](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Restrictions on Section 403 (b) Plans](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_16) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Loans under section 403(b) of the Code](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_16) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Restrictions under the Texas Optional](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_17)<br> [Retirement Program](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_17)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Puerto Rico Contracts Issued to Fund](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_17)<br> [Retirement Plans](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_17)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69 |

---

ii

------

---

| | |
|:---|:---|
|  | **Page No.** |
| **[See Your Own Tax Professional](#xx_e94f7358-b126-4d01-8709-d17748fd5ce6_17)** | **69** |
| **[X. General Matters](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_1)** | **70** |
| **[Asset Allocation Services](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_1)** | **70** |
| **[Distribution of Contracts](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_1)** | **70** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Standard Compensation](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Revenue Sharing and Additional Compensation](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Differential Compensation](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Contracts Sold Directly Without Payment of](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_2)<br> [Any Sales Compensation](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_2)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71 |
| **[Transaction Confirmations](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_3)** | **72** |
| **[Reinsurance Arrangements](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_3)** | **72** |

---

---

| | |
|:---|:---|
|  | **Page No.** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Legal and Regulatory Matters](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Financial Statements](#xx_d86429df-6088-459d-8fb5-ab3a3607a490_3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72 |
| **[Appendix: Portfolios Available Under the](#xx_d87c2a43-c343-4e23-ad15-852d9a851e10_1)**<br> **[Contract](#xx_d87c2a43-c343-4e23-ad15-852d9a851e10_1)**<br>| **Appendix-1**  |
| **[Appendix A: Examples of Calculation of](#xx_629b4d1c-a763-431f-bc92-00e86474b5fc_1)**<br> **[Withdrawal Charge](#xx_629b4d1c-a763-431f-bc92-00e86474b5fc_1)**<br>| **A-1** |
| **[Appendix B: Optional Enhanced Death Benefits](#xx_5b2c7741-5391-47e3-8b9e-03c48d55c3f0_1)** | **B-1** |
| **[Appendix C: Optional Guaranteed Minimum](#xx_0eaf3dd7-1bf6-4d92-8cad-864fbd9dc9f6_1)**<br> **[Withdrawal Benefits](#xx_0eaf3dd7-1bf6-4d92-8cad-864fbd9dc9f6_1)**<br>| **C-1** |
| **[Appendix D: Optional Guaranteed Minimum](#xx_643beb45-3c8a-45cb-b3cf-71e836cc4a8c_1)**<br> **[Income Benefits](#xx_643beb45-3c8a-45cb-b3cf-71e836cc4a8c_1)**<br>| **D-1** |

---

iii

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**I. Glossary** 

The following terms as used in this Prospectus have the indicated meanings. We also define other terms in specific sections of this Prospectus.

**1940 Act:** The Investment Company Act of 1940, as amended.

**Accumulation Period:** The period between the issue date of the Contract and the Annuity Commencement Date.

**Additional Purchase Payment:** Any Purchase Payment made after the initial Purchase Payment.

**Adjusted Benefit Base:** The Riders' Benefit Base immediately after we adjust it during a Contract Year to reflect the value of Additional Purchase Payments that we add to the Benefit Base. See Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits."

**Age 65 Contract Anniversary:** A term used with our guaranteed minimum withdrawal benefit Riders to describe the Contract Anniversary on, or next following, the date the Owner (older Owner with GMWB joint-life Riders) turns age 65.

**Age 95 Contract Anniversary:** A term used with our guaranteed minimum withdrawal benefit Riders to describe the Contract Anniversary on, or next following, the date the Covered Person or the older Owner, depending on the Rider, turns age 95.

**Anniversary Value:** A term used with our death benefits that describes one of the values we use to determine the death benefit. See Appendix B: "Optional Enhanced Death Benefits."

**Annuitant:** Any natural person or persons to whom annuity payments are made and whose life is used to determine the duration of annuity payments involving life contingencies. If the Contract Owner names more than one person as an Annuitant, the second person named is referred to as co-Annuitant. The Annuitant and co-Annuitant are referred to collectively as Annuitant. The Annuitant is as designated on the Contract specification page or in the application, unless changed. The Annuitant becomes the Owner of the Contract during the Pay-out Period.

**Annuities Service Center:** The mailing address and overnight mail address of our service office is listed on the back cover of this Prospectus.

**Annuity Commencement Date:** The date we/you annuitize your Contract. That is, the Pay-out Period commences and we begin to make annuity payments to the Annuitant. You can change the Annuity Commencement Date to any date after the Contract Date (at least one year after the Contract Date for John Hancock New York Contracts), and prior to the Maturity Date.

**Annuity Option:** The method selected by the Contract Owner (or as specified in the Contract if no selection is made) for annuity payments made by us.

**Annuity Unit:** A unit of measure that is used after the election of an Annuity Option to calculate Variable Annuity payments.

**Asset Allocation Services:** Programs offered by third parties in connection with the Contracts through which the third party may transfer amounts among Investment Options from time to time on your behalf.

**Beneficiary:** The person, persons or entity entitled to the death benefit under the Contract upon the death of a Contract Owner or, in certain circumstances, an Annuitant. The Beneficiary is as specified in the application, unless changed.

**Benefit Base:** A term used with our optional guaranteed minimum withdrawal benefit Riders to describe a value we use to determine one or more guaranteed withdrawal amounts under the Rider. A Benefit Base may be referred to as a "Guaranteed Withdrawal Balance" in the Rider you purchased. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Benefit Rate:** A rate we use to determine a guaranteed withdrawal amount under the guaranteed minimum withdrawal benefit Rider. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Business Day:** Any day on which the New York Stock Exchange is open for business. The end of a Business Day is the close of daytime trading on the New York Stock Exchange, which generally is 4:00 p.m. Eastern Time.

**Code:** The Internal Revenue Code of 1986, as amended.

**Company:** John Hancock USA or John Hancock New York, as applicable.

------

**Contingent Beneficiary:** The person, persons or entity to become the Beneficiary if the Beneficiary is not alive. The Contingent Beneficiary is as specified in the application for a Contract, unless changed.

**Contract:** The fixed and variable annuity contract described by this Prospectus. If you purchased this annuity under a group contract, a Contract means the certificate issued to you under the group contract.

**Contract Anniversary:** The day in each calendar year after the Contract Date, that is the same month and day as the Contract Date.

**Contract Date:** The date of issue of the Contract.

**Contract Value:** The total of the Investment Account values and, if applicable, any amount in the Loan Account attributable to the Contract.

**Contract Year:** A period of twelve consecutive months beginning on the date as of which the Contract was issued, or any anniversary of that date.

**Covered Person(s):** A term used with our optional guaranteed minimum withdrawal benefit Riders to describe an individual (or individuals) whose lifetime(s) we use to determine the duration of any guaranteed lifetime income amounts under a guaranteed minimum withdrawal benefit Rider. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Credit:** A term used with most of our optional guaranteed minimum withdrawal benefit Riders to describe a potential way to increase the Benefit Base that we may apply during one or more Credit Periods. A Credit may be referred to as a "Bonus" or "Target Amount" in the Rider you purchased. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Credit Period:** A term used with most of our guaranteed minimum withdrawal benefit Riders to describe the period of time we use to measure the availability of Credits. A Credit Period may be referred to as a "Bonus Period," "Lifetime Income Bonus Period," or the period ending on a "Target Date" in the Rider you purchased. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Credit Rate:** The rate that we use to determine a Credit, if any, under a guaranteed minimum withdrawal benefit Rider. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Debt:** Any amounts in the Loan Account attributable to the Contract plus any accrued loan interest. The loan provision is applicable to certain Qualified Contracts only.

**Excess Withdrawal:** A term used with most of our optional guaranteed minimum withdrawal benefit Riders to describe a withdrawal that exceeds certain limits under the Rider. During periods of declining investment performance, Excess Withdrawals may cause substantial reductions to or loss of guaranteed minimum withdrawal benefits. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Financial Account Plan:** A method of making periodic Additional Purchase Payments automatically through a bank account, brokerage account or other account you hold at a similar financial institution.

**Fixed Annuity:** An Annuity Option with payments for a set dollar amount that we guarantee.

**Fixed Investment Option:** An Investment Option in which a Company guarantees the principal value and the rate of interest credited to the Investment Account for the term of any guarantee period.

**General Account:** All of a Company's assets, other than assets in its Separate Account and any other separate accounts it may maintain.

**Good Order:** The standard that we apply when we determine whether an instruction is satisfactory. An instruction is considered in Good Order if it is received at our Annuities Service Center: (a) in a manner that is satisfactory to us such that it is sufficiently complete and clear that we do not need to exercise any discretion to follow such instruction and it complies with all relevant laws and regulations and Company requirements; (b) on specific forms, or by other means we then permit (such as via telephone or electronic submission); and/or (c) with any signatures and dates we may require. We will notify you if an instruction is not in Good Order.

**Investment Account:** An account we establish for you which represents your interests in an Investment Option during the Accumulation Period.

------

**Investment Options:** The investment choices available to Contract Owners.

**John Hancock New York:** John Hancock Life Insurance Company of New York.

**John Hancock USA:** John Hancock Life Insurance Company (U.S.A.).

**Lifetime Income Amount:** A term used with most of our guaranteed minimum withdrawal benefit Riders that generally describes an amount we guarantee to be available for withdrawal during the Accumulation Period based on the lives of one or more Covered Persons. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Lifetime Income Date:** A term used with most of our guaranteed minimum withdrawal benefit Riders that generally describes the date on which we determine the initial Lifetime Income Amount. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Loan Account:** The portion of our General Account that we use as collateral for a loan under certain Qualified Contracts.

**Maturity Date:** The latest allowable Annuity Commencement Date under your Contract. That is, the last date (unless we consent to a later date) on which the Pay-out Period commences and we begin to make annuity payments to the Annuitant. The Maturity Date is the date specified on the Contract specifications page, unless changed with our consent.

**Nonqualified Contract:** A Contract which is not issued under a Qualified Plan.

**Owner or Contract Owner ("you"):** The person, persons (co-Owners) or entity entitled to all of the ownership rights under the Contract. References in this Prospectus to Contract Owners are typically by use of "you." The Owner has the legal right to make all changes in contractual designations where specifically permitted by the Contract. The Owner is as specified in the application, unless changed. The Annuitant becomes the Owner of the Contract during the Pay-out Period.

**Pay-out Period:** The period when we make annuity payments to the Annuitant following the Annuity Commencement Date.

**Payroll Plan:** A method of making periodic Additional Purchase Payments through a payroll deduction plan.

**Portfolio:** A series of a registered open-end management investment company which corresponds to a Variable Investment Option.

**Prospectus:** This prospectus that describes interests in the Contracts.

**Purchase Payment:** An amount you pay to us for the benefits provided by the Contract.

**Qualified Contract:** A Contract issued under a Qualified Plan.

**Qualified Plan:** A retirement plan that receives favorable tax treatment under section 401, 403, 408 (IRAs), 408A (Roth IRAs) or 457 of the Code.

**Reset:** A reduction of the Benefit Base or Guaranteed Withdrawal Balance, as appropriate, if you take an Excess Withdrawal (see Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits").

**Rider:** An optional benefit that you may have elected for an additional charge.

**Separate Account:** John Hancock Life Insurance Company (U.S.A.) Separate Account H or John Hancock Life Insurance Company of New York Separate Account A, as applicable. Each Separate Account is a segregated asset account of a Company that is not commingled with the general assets and obligations of the Company.

**Settlement Phase:** A term used with our optional guaranteed minimum withdrawal benefit Riders to describe the period when your Contract Value is equal to zero and we automatically begin making payments to you under the Rider, subject to the conditions described in the Rider. During the Settlement Phase, the Contract will continue but all other rights and benefits under the Contract, including death benefits and any additional Riders, terminate. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details.

**Spouse:** Any person recognized as a "spouse" in the state where the couple was legally married. The term does not include a party to a registered domestic partnership, civil union, or other similar formal relationship recognized under state law that is not denominated as a marriage under that state's law.

**Step-Up:** A term used with some of our optional benefit Riders to describe a potential way to increase the amounts guaranteed under that Rider on certain Contract Anniversary dates when your Contract Value exceeds a previously determined amount. Please refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more details on

------

Step-Ups of the Benefit Base under a guaranteed minimum withdrawal benefit Rider, and (where applicable) Appendix D: "Optional Guaranteed Minimum Income Benefits" for more details on Step-Ups of the Income Base under a guaranteed minimum income benefit Rider.

**Step-Up Date:** The date on which we determine whether a Step-Up could occur.

**Subaccount:** A separate division of the applicable Separate Account.

**Unliquidated Purchase Payments:** The amount of all Purchase Payments in the Contract net of any withdrawals in excess of the free Withdrawal Amount that have been taken to date.

**Unpaid Loan:** The unpaid amount (including any accrued interest) of loans a Qualified Contract Owner may have taken from us, using certain Contract Value as collateral.

**Variable Annuity:** An Annuity Option with payments which: (1) are not predetermined or guaranteed as to dollar amount, and (2) vary in relation to the investment experience of one or more specified Subaccounts.

**Variable Investment Option:** An Investment Option corresponding to a Subaccount of a Separate Account that invests in shares of a specific Portfolio.

**Withdrawal Amount:** The total amount taken from your Contract Value, including any applicable withdrawal charge, tax and proportional share of administrative fee, to process a withdrawal.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**II. Overview** 

This overview tells you some key points you should know about the Contract. Because this is an overview, it does not contain all the information that may be important to you. Please read carefully this entire Prospectus, including its Appendices, and the Statement of Additional Information ("SAI") for more detailed information.

We disclose all material features and benefits of the Contracts in this Prospectus. Insurance laws and regulations apply to us in every state in which the Contracts were sold. As a result, a Contract purchased in one state may have terms and conditions that vary from the terms and conditions of a Contract purchased in a different jurisdiction. We disclose all material variations in this Prospectus.

Each Contract is a flexible Purchase Payment deferred combination Fixed and Variable Annuity Contract between you and a Company. "Deferred" means payments by a Company begin on a future date under a Contract. "Variable" means amounts in a Contract may increase or decrease in value daily based upon your Contract's Variable Investment Options. A Contract provides for the accumulation of these investment amounts and the payment of annuity benefits on a variable and/or fixed basis. Depending on state requirements, we may have issued the Contract under a master group contract.

**Description of the Contract.** The Contract offers access to Variable Investment Options, tax-deferred treatment of earnings during the Accumulation Period, and the ability to receive annuity payments at a future date. We will pay a death benefit to your Beneficiary if you die during the Accumulation Period. The amount of the death benefit will vary based on your age at death and how long the Contract has been issued to you. The death benefit amount will be less any amounts deducted in connection with any withdrawals.

**Contract Features.** We offer a variety of Fixed Annuity and Variable Annuity payment options. Periodic annuity payments begin on the Annuity Commencement Date. You select the Annuity Commencement Date, the frequency of payment and the type of annuity payment option. Annuity payments are made to the Annuitant. We provide more information about payout benefits in "V. Description of the Contract – Pay-out Period Provisions." In most cases, no income tax will have to be paid on your earnings under the Contract until these earnings are paid out.

The Contract provides optional death benefits and optional guaranteed minimum withdrawal benefits, each for an additional fee. These optional benefits were available only at the time you purchased your Contract. We provide more information about these benefits under Appendix B: "Optional Enhanced Death Benefits" and Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits."

Under the Contract, you make one or more Purchase Payments to the Company for a period of time, known as the Accumulation Period. During the Accumulation Period, your Purchase Payments are allocated to Investment Options. You may transfer among the Investment Options and take withdrawals. Later, beginning on the Annuity Commencement Date, the Company makes one or more annuity payments under the Contract for a period of time, known as the Pay-out Period. During this phase you cannot make withdrawals and the death benefit and living benefit will have terminated. Your Contract Value during the Accumulation Period is variable, and the amounts of annuity payments during the Pay-out Period may either be variable or fixed, depending upon your choice.

We accept Additional Purchase Payments for the Contract only in a limited number of circumstances, and you may be unable to make an Additional Purchase Payment.

We impose restrictions on Additional Purchase Payments for Contracts issued with one of our guaranteed minimum withdrawal benefit Riders (see "VII. Description of the Contract - Purchase Payments").

The minimum Additional Purchase Payment we accept is $30 without our prior approval. You must obtain our prior approval if an Additional Purchase Payment to *any* Contract would cause the Contract Value to exceed $1 million, or if your Contract Value already exceeds $1 million. All Additional Purchase Payments must be in U.S. dollars and paid to our Annuities Service Center.

Restrictions may apply for Contracts issued for use in a retirement plan intended to qualify under section 403(b) of the Code.

No Additional Purchase Payments may be made for any Contract during the Pay-out Period (see "VII. Description of the Contract – Pay-out Period Provisions").

Although your Contract allows us to offer both Fixed and Variable Investment Options, we currently offer only Variable Investment Options for Additional Purchase Payments.

------

**Additional information about the Portfolios is provided in "Appendix: Portfolios Available Under the Contract."** 

Each Variable Investment Option is a Subaccount of a Separate Account that invests solely in a corresponding Portfolio. The Portfolio prospectuses contain full descriptions of the Portfolios. The amount you have invested in any Variable Investment Option will increase or decrease based upon the investment performance of the corresponding Portfolio (reduced by certain charges we deduct – see "IV. Fee Tables"). Your Contract Value during the Accumulation Period and the amounts of annuity payments will depend upon the investment performance of the underlying Portfolio of the Variable Investment Option you select.

In selecting Variable Investment Options under a Contract, you should consider:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You bear the investment risk that your Contract Value will increase or decrease to reflect the results of your Contract's investment in underlying Portfolios. We do not guarantee Contract Value in a Variable Investment Option or the investment performance of any Portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Although the Portfolios may invest directly in securities or indirectly, through other underlying funds, you will not have the ability to determine the investment decisions or strategies of the Portfolios.

You are not permitted to make new investments in the Money Market Investment Option. Transfers of amounts from other Investment Options into the Money Market Investment Option also are not permitted. If you currently have Contract Value in the Money Market Investment Option, you may continue to keep that Contract Value in Money Market, but any transfer or withdrawal from the Money Market cannot be replaced (please refer to "VII. Description of the Contract – Purchase Payments").

Currently, we do not make any Fixed Investment Options available for Additional Purchase Payments.

You designate how you would like your Purchase Payments to be allocated among the Variable Investment Options available under your Contract. You may change this investment allocation for Additional Purchase Payments (to the extent permitted under the Contract and not subject to restrictions) at any time.

**Transfers Among Investment Options**. During the Accumulation Period, you may transfer your investment amounts among Investment Options without charge, subject to certain restrictions described below and in "VII. Description of the Contract – Transfers Among Investment Options." During the Pay-out Period, you may transfer your allocations among the Variable Investment Options, subject to certain restrictions described in "Transfers During the Pay-out Period."

The Variable Investment Options can be a target for abusive transfer activity. To discourage disruptive frequent trading activity, we have adopted a policy for each Separate Account to restrict Owner-initiated transfers to two per calendar month per Contract, with certain exceptions described in more detail in "VII. Description of the Contract – Transfers Among Investment Options." We apply each Separate Account's policy and procedures uniformly to all Contract Owners.

In addition to the transfer restrictions that we impose, the John Hancock Variable Insurance Trust also has adopted policies under Rule 22c-2 of the 1940 Act to detect and deter abusive short term trading. Accordingly, a Portfolio may require us to impose trading restrictions if it discovers violations of its frequent short-term trading policy. We will provide tax identification numbers and other Contract Owner transaction information to a Portfolio upon request, which it may use to identify any pattern or frequency of activity that violates its short-term trading policy.

**Transfers Between Annuity Options**. During the Pay-out Period, you may not transfer from a Variable Annuity Option to a Fixed Annuity Option, or from a Fixed Annuity Option to a Variable Annuity Option (see "VII. Description of the Contract – Transfers During the Pay-out Period").

**How do I access my money?** 

During the Accumulation Period, you may withdraw all or a portion of your Contract Value. The amount you withdraw from any Investment Option must be at least $300 or, if less, your entire balance in that Investment Option. If a withdrawal plus any applicable withdrawal charge would reduce your Contract Value to less than $300, we may treat your withdrawal request as a request to withdraw all of your Contract Value. A withdrawal charge and an administration fee may apply to your withdrawal (See "VIII. Charges and Deductions – Withdrawal Charges"). Withdrawals from Contracts with a guaranteed minimum withdrawal benefit Rider may affect the benefits under the Rider (see Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits"). A withdrawal may also be subject to income tax and a 10% penalty tax.

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**What types of optional benefit Riders may have been available to me under the Contract?** 

This Prospectus provides information about optional benefit Riders that you may have elected when you purchased a Contract. These Riders may not have been available in all states, may not have been available for all versions of the Contract, and may not have been available when you purchased the Contract. If you elected any of these Riders, you pay the additional charge shown in the Fee Tables. *Please review your Contract carefully to determine which of the following optional benefit Riders, if any, you purchased.* 

We describe the following optional benefit Riders in the Appendices to this Prospectus:

Appendix B: Optional Enhanced Death Benefits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Earnings Death Benefit – not offered in New York or Washington;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accelerated Beneficiary Protection Death Benefit – not offered in New York or Washington.

Appendix C: Optional Guaranteed Minimum Withdrawal Benefits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> 12.08;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> 12.08;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> (Annual Step-Up Review);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus (formerly known as "Guaranteed Principal Plus");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus for Life (formerly known as "Guaranteed Principal Plus for Life");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus for Life *Plus* Automatic Annual Step-Up; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Returns.

We use the term "**Income Plus For Life**<sup>®</sup> **Series Riders**" in the Prospectus to refer to all six Income Plus For Life<sup>®</sup> Riders issued with the Contracts, i.e., Income Plus For Life<sup>®</sup> (Annual Step-Up Review); Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review); Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review); Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review); Income Plus For Life<sup>®</sup> 12.08; and Income Plus For Life – Joint Life<sup>®</sup> 12.08.

If you elected to purchase any one of these guaranteed minimum withdrawal benefit Riders, you may invest your Contract <br> Value only in the Investment Options we make available for these benefits (see Appendix C: "Optional Guaranteed <br> Minimum Withdrawal Benefits"). We also reserve the right to impose additional restrictions on Investment Options at any <br> time.<br>

Appendix D: Optional Guaranteed Minimum Income Benefits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Retirement Income Benefits\* – offered by John Hancock USA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Guaranteed Retirement Income Benefits\* – offered by John Hancock New York.

\*May also, in marketing and other materials, be referred to as "Guaranteed Retirement Income Programs."

**Payment Enhancement Rider**. If you purchased your Contract in New York, John Hancock New York offered a Payment Enhancement optional benefit Rider (formerly known as a "Payment Credit" optional Rider.) Under this Rider, John Hancock New York credits a Payment Enhancement equal to 4% (5% for Contracts issued between July 12 and October 30, 2004) of the Purchase Payment and allocates it among Investment Options in the same proportions as your Purchase Payments. Contracts with this feature are subject to a higher withdrawal charge and for a longer period of time. When available, it could only be elected at Contract issue, and it cannot be revoked once elected. Your initial Purchase Payment must have been at least $10,000 to elect the Payment Enhancement Rider. Expenses for a Contract with a Payment Enhancement Rider may be higher than expenses for a Contract without the Rider, and the amount gained from the Rider may be more than offset by the additional fees and charges associated with the Rider. The Payment Enhancement Rider was not available with Contracts issued outside of New York by John Hancock USA.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**III. Key Information** 

*Important Information You Should Consider About the Contract* 

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| | |
|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| Are There Charges for <br> Early Withdrawals?<br>| &nbsp;&nbsp; **Yes.** There are withdrawal charges that you pay at the time you withdraw Contract Values or <br> surrender the Contract on a first-in, first-out basis, measured from the date of each Purchase <br> Payment.<br>**For John Hancock USA Contracts:**<br> The maximum withdrawal charge is 6% of the Purchase Payment in the first year, reducing to <br> 2% in the seventh year and 0% thereafter. For example, assuming a $100,000 investment, the <br> highest possible surrender charge would be $6,000.<br>**For John Hancock New York Contracts:**<br> For Contracts without the Payment Enhancement Rider, the maximum withdrawal charge is <br> 6% of the Purchase Payment in the first year, reducing to 2% in the seventh year and 0% <br> thereafter. For example, assuming a $100,000 investment, the highest possible surrender <br> charge would be $6,000.<br>For Contracts with the Payment Enhancement Rider, the maximum withdrawal charge is 8% <br> of the Purchase Payment in the first year, reducing to 1% in the eighth year and 0% thereafter. <br> For example, assuming a $100,000 investment, the highest possible surrender charge would <br> be $8,000.<br>For more information on charges for early withdrawals, please refer to "IV. Fee Tables –<br> Transaction Expenses". |
| Are There Transaction <br> Charges?<br>| &nbsp;&nbsp; **Yes.** In addition to surrender charges (if applicable), you may also be charged for the <br> following transactions:<br>State premium taxes, which currently range from 0.04% to 4.00% of each Purchase Payment <br> (see "VIII. Charges and Deductions – Premium Taxes"), may also apply to your Contract.<br>We reserve the right to impose a charge in the future for transfers in excess of 12 per year. The <br> amount of this fee will not exceed the lesser of $25 or 2% of the amount transferred.<br>For more information on transaction charges and transfer fees, please refer to "IV. Fee Tables <br> –Transaction Expenses" and "VIII. Charges and Deductions – Premium Taxes". |

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| | | | |
|:---|:---|:---|:---|
| Are There Ongoing Fees <br> and Expenses? | &nbsp;&nbsp; **Yes.** The table below describes the fees and expenses that you may pay each year, depending <br> on the Investment Options and optional benefits you choose. Please refer to your Contract <br> specifications page for information about the specific fees you will pay each year based on <br> the options you have elected.<br>**John Hancock USA Contracts:** | &nbsp;&nbsp; **Yes.** The table below describes the fees and expenses that you may pay each year, depending <br> on the Investment Options and optional benefits you choose. Please refer to your Contract <br> specifications page for information about the specific fees you will pay each year based on <br> the options you have elected.<br>**John Hancock USA Contracts:** | &nbsp;&nbsp; **Yes.** The table below describes the fees and expenses that you may pay each year, depending <br> on the Investment Options and optional benefits you choose. Please refer to your Contract <br> specifications page for information about the specific fees you will pay each year based on <br> the options you have elected.<br>**John Hancock USA Contracts:** |
| Are There Ongoing Fees <br> and Expenses? | **Annual Fee** | **Minimum** | **Maximum** |
| Are There Ongoing Fees <br> and Expenses? | Base Contract<sup>1</sup> | &nbsp;&nbsp; 1.40% | &nbsp;&nbsp; 1.40% |
| Are There Ongoing Fees <br> and Expenses? | Portfolio Company fees and expenses<sup>2</sup> | &nbsp;&nbsp; 0.25% | &nbsp;&nbsp; 1.41% |
| Are There Ongoing Fees <br> and Expenses? | &nbsp;&nbsp; Optional benefits available for an additional <br> Charge (for a single optional benefit, if <br> elected)<br>| &nbsp;&nbsp; 0.20%<sup>1</sup> | &nbsp;&nbsp; 0.50%<sup>3</sup> |
| Are There Ongoing Fees <br> and Expenses? | **John Hancock New York Contracts:** | **John Hancock New York Contracts:** | **John Hancock New York Contracts:** |
| Are There Ongoing Fees <br> and Expenses? | **Annual Fee** | **Minimum** | **Maximum** |
| Are There Ongoing Fees <br> and Expenses? | Base Contract<sup>1</sup> | &nbsp;&nbsp; 1.40% | &nbsp;&nbsp; 1.40% |
| Are There Ongoing Fees <br> and Expenses? | &nbsp;&nbsp; Investment options (Portfolio Company fees <br> and expenses)<sup>2</sup><br>| &nbsp;&nbsp; 0.25% | &nbsp;&nbsp; 1.41% |
| Are There Ongoing Fees <br> and Expenses? | &nbsp;&nbsp; Optional benefits available for an additional <br> Charge (for a single optional benefit, if <br> elected)<br>| &nbsp;&nbsp; 0.30%<sup>3</sup> | &nbsp;&nbsp; 0.45%<sup>4</sup> |
| Are There Ongoing Fees <br> and Expenses? | <sup>1</sup> Charge based on average daily assets allocated to the Subaccounts. | <sup>1</sup> Charge based on average daily assets allocated to the Subaccounts. | <sup>1</sup> Charge based on average daily assets allocated to the Subaccounts. |
| Are There Ongoing Fees <br> and Expenses? | <sup>2</sup> Charge based as a percentage of the Portfolio's average net assets. | <sup>2</sup> Charge based as a percentage of the Portfolio's average net assets. | <sup>2</sup> Charge based as a percentage of the Portfolio's average net assets. |
| Are There Ongoing Fees <br> and Expenses? | <sup>3</sup>Charge based on Adjusted Guaranteed Withdrawal Balance. | <sup>3</sup>Charge based on Adjusted Guaranteed Withdrawal Balance. | <sup>3</sup>Charge based on Adjusted Guaranteed Withdrawal Balance. |
| Are There Ongoing Fees <br> and Expenses? | <sup>4</sup> Charge based on GRIP Income Base. | <sup>4</sup> Charge based on GRIP Income Base. | <sup>4</sup> Charge based on GRIP Income Base. |
| Are There Ongoing Fees <br> and Expenses? | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how much you will pay. <br> To help you understand the cost of owning your Contract, the following table shows the <br> lowest and highest cost you could pay each year, based on current charges. This estimate <br> assumes that you do not take withdrawals from the Contract, **which could add charges for** <br> **early withdrawals or surrender charges that substantially increase costs.** | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how much you will pay. <br> To help you understand the cost of owning your Contract, the following table shows the <br> lowest and highest cost you could pay each year, based on current charges. This estimate <br> assumes that you do not take withdrawals from the Contract, **which could add charges for** <br> **early withdrawals or surrender charges that substantially increase costs.** | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how much you will pay. <br> To help you understand the cost of owning your Contract, the following table shows the <br> lowest and highest cost you could pay each year, based on current charges. This estimate <br> assumes that you do not take withdrawals from the Contract, **which could add charges for** <br> **early withdrawals or surrender charges that substantially increase costs.** |

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| | | |
|:---|:---|:---|
|  | **John Hancock USA Contracts:** | **John Hancock USA Contracts:** |
|  | &nbsp;&nbsp; Lowest Annual Cost<br> $1,488.15<br>| Highest Annual Cost<br> $2,961.60 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> ●Investment of $100,000<br> ●5% annual appreciation<br> ●Least expensive combination of Contract <br> Classes and Portfolio Company fees and <br> expenses<br>●No optional benefits<br> ●No sales charges<br> ●No additional purchase payments, <br> transfers or withdrawals<br>| &nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> ●Investment of $100,000<br> ●5% annual appreciation<br> ●Most expensive combination of Contract <br> Classes, optional benefits and Portfolio <br> Company fees and expenses<br>●No sales charges<br> ●No additional purchase payments, transfers <br> or withdrawals |
|  | **John Hancock NY Contracts:** | **John Hancock NY Contracts:** |
|  | &nbsp;&nbsp; Lowest Annual Cost<br> $1,488.15<br>| Highest Annual Cost<br> $2,896.95 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> ●Investment of $100,000<br> ●5% annual appreciation<br> ●Least expensive combination of Contract <br> Classes and Portfolio Company fees and <br> expenses<br>●No optional benefits<br> ●No sales charges<br> ●No additional purchase payments, <br> transfers or withdrawals<br>| &nbsp;&nbsp;&nbsp;&nbsp; Assumes:<br> ●Investment of $100,000<br> ●5% annual appreciation<br> ●Most expensive combination of Contract <br> Classes, optional benefits and Portfolio <br> Company fees and expenses <br>●No sales charges<br> ●No additional purchase payments, transfers <br> or withdrawals |
|  | &nbsp;&nbsp; For more information on ongoing fees and expenses, please refer to "IV. Fee Tables – Periodic <br> Fees and Expenses Other Than Portfolio Expenses." | &nbsp;&nbsp; For more information on ongoing fees and expenses, please refer to "IV. Fee Tables – Periodic <br> Fees and Expenses Other Than Portfolio Expenses." |
| **RISKS** | **RISKS** | **RISKS** |
| Is There a Risk of Loss <br> from Poor Performance?<br>| &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract. You bear the investment risk of any <br> Portfolio you choose as a Variable Investment Option for your Contract.<br>For more information on risk of loss, please refer to "V. Principal Risks of Investing in the <br> Contract." | &nbsp;&nbsp; **Yes.** You can lose money by investing in this Contract. You bear the investment risk of any <br> Portfolio you choose as a Variable Investment Option for your Contract.<br>For more information on risk of loss, please refer to "V. Principal Risks of Investing in the <br> Contract." |
| Is this a Short-Term <br> Investment?<br>| &nbsp;&nbsp; **No.** This Contract is not a short-term investment and is not appropriate for an investor who <br> needs ready access to cash. The Contract is unsuitable as a short-term savings vehicle because <br> of the substantial Contract-level charges, including the surrender charge, as well as potential <br> adverse tax consequences from such short-term use.<br>Any withdrawal from the Contract may result in surrender charges, taxes, and tax penalties, as <br> applicable.<br>For more information on the short-term investment risks, please refer to "V. Principal Risks of <br> Investing in the Contract." | &nbsp;&nbsp; **No.** This Contract is not a short-term investment and is not appropriate for an investor who <br> needs ready access to cash. The Contract is unsuitable as a short-term savings vehicle because <br> of the substantial Contract-level charges, including the surrender charge, as well as potential <br> adverse tax consequences from such short-term use.<br>Any withdrawal from the Contract may result in surrender charges, taxes, and tax penalties, as <br> applicable.<br>For more information on the short-term investment risks, please refer to "V. Principal Risks of <br> Investing in the Contract." |

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| | |
|:---|:---|
| What Are the Risks <br> Associated with the <br> Investment Options?<br>| &nbsp;&nbsp; An investment in this Contract is subject to the risk of poor performance and can vary <br> depending on the performance of the Investment Options available under the Contract (e.g., <br> Portfolio Companies). Each such option (including any fixed account investment option) will <br> have its own unique risks, and you should review these Investment Options before making an <br> investment decision.<br>For more information on the risks associated with Investment Options, please refer to "V. <br> Principal Risks of Investing in the Contract." |
| What Are the Risks <br> Related to the Insurance <br> Company?<br>| &nbsp;&nbsp; Your investment in the Contract is subject to risks related to John Hancock USA or John <br> Hancock New York, including that the obligations (including under the fixed account <br> investment option), guarantees, or benefits are subject to the claims-paying ability of John <br> Hancock USA or John Hancock New York. Information about John Hancock USA and John <br> Hancock New York, including their financial strength ratings, are available upon request from <br> your John Hancock representative. Our current financial strength ratings can also be obtained <br> by contacting the Service Office at 1-800-344-1029.<br>For more information on insurance company risks, please refer to "V. Principal Risks of <br> Investing in the Contract." |
| **RESTRICTIONS** | **RESTRICTIONS** |
| Are There Restrictions on <br> the Investment Options?<br>| &nbsp;&nbsp; **Yes.** There are restrictions that may limit the variable Investment Options and general account <br> option that you may choose, as well as limitations on the transfer of Contract Value among <br> those options.<br>These restrictions may include a monthly limit on the number of transfers you may make. We <br> may also impose additional restrictions to discourage market timing and disruptive trading <br> activity.<br>Among other things, the Contract allows us to eliminate the shares of a Portfolio or substitute <br> shares of another new or existing Portfolio, subject to applicable legal requirements.<br>Additionally, the Company reserves the right to stop accepting Purchase Payments.<br> For more information on investment and transfer restrictions, please refer to "VII. Description <br> of the Contract." |
| Are There any Restrictions <br> on Contract Benefits?<br>| &nbsp;&nbsp; **Yes.** There are restrictions and limitations relating to optional benefits and an optional benefit <br> may be modified or terminated by us.<br>Withdrawals that exceed limits specified by the terms of an optional benefit may affect the <br> availability of the benefit by reducing the benefit by an amount greater than the value <br> withdrawn, and/or could terminate the benefit.<br>For more information on optional benefit restrictions, please refer to Appendix B: "Optional <br> Enhanced Death Benefits" and Appendix C: "Optional Guaranteed Minimum Withdrawal <br> Benefits. |
| **TAXES** | **TAXES** |
| What Are the Contract's <br> Tax Implications?<br>| &nbsp;&nbsp; You should consult with a tax professional to determine the tax implications of an investment <br> in and amounts received under the Contract. There is no additional tax benefit to you if the <br> Contract was purchased through a tax-qualified plan or an individual retirement account <br> (IRA). If we pay out any amount of your Contract Value upon surrender or partial withdrawal, <br> all or part of that distribution would generally be treated as a return of the Purchase Payments <br> paid, with any portion not treated as a return of your Purchase Payments subject to ordinary <br> income tax, and may be subject to tax penalties.<br>For more information about tax implications, please refer to "IX. Federal Tax Matters." |

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| | |
|:---|:---|
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** |
| How Are Investment <br> Professionals <br> Compensated?<br>| &nbsp;&nbsp; Some investment professionals may have received compensation for selling the Contract by <br> means of various commissions and revenue sharing arrangements. The investment <br> professional may have had a financial incentive to offer or recommend this Contract over <br> another investment.<br>For more information on investment professional compensation, please refer to "VI. General <br> Information about Us, the Separate Accounts and the Portfolios." |
| Should I Exchange My <br> Contract?<br>| &nbsp;&nbsp; Some investment professionals may have a financial incentive to offer you a new Contract in <br> place of the one you already own, and you should only exchange your Contract if you <br> determine, after comparing the features, fees, and risks of both contracts, and any fees or <br> penalties to terminate the existing Contract, that it is preferable for you to purchase the new <br> contract rather than continue to own the existing Contract.<br>For more information on exchanges, please refer to "IX. Federal Tax Matters." |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**IV. Fee Tables** 

**The following tables describe the fees and expenses that you will pay when buying, owning and surrendering or making withdrawals from a Wealthmark Contract. Please refer to your Contract specifications page for information about the specific fees you will pay each year based on the options you have elected.** 

**The first table describes the fees and expenses that you pay at the time you make withdrawals from Contract Values or surrender the Contract (or when you transfer Contract Value between Investment Options). State premium taxes may also be deducted.** 

**Transaction Expenses** 

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| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **John Hancock**<br> **USA Contracts**<br>| &nbsp;&nbsp; **John Hancock**<br> **New York Contracts**<br> **with Payment**<br> **Enhancement Rider**<br>| &nbsp;&nbsp; **John Hancock**<br> **New York Contracts**<br> **without Payment**<br> **Enhancement Rider**<br>|
| Withdrawal Charge (as a percentage of Purchase Payments)<sup>1</sup> <br>| 6%<sup>2</sup> <br>| 8%<sup>3</sup> <br>| 6%<sup>2</sup> <br>|
| Transfer Fee<sup>4</sup> <br>| $25 | $25 | $25 |

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<sup>1</sup>

*The charge is taken upon withdrawal or surrender on a first-in, first-out basis within the specified period of years measured from the date of each Purchase Payment. We calculate the amount of the withdrawal charge by multiplying the amount of the Purchase Payment being liquidated by the applicable withdrawal charge percentage shown above. The total withdrawal charge will be the sum of the withdrawal charges for the Purchase Payments being liquidated.* 

<sup>2</sup>

*This charge is 6% of each premium paid in the first and second year, 5% in the third and fourth year, 4% in the fifth year, 3% in the sixth year, 2% in the seventh year and 0% thereafter.* 

<sup>3</sup>

*This charge is 8% of each premium paid in the first and second year, 7% in the third and fourth year, 5% in the fifth year, 4% in the sixth year, 3% in the seventh year, 1% in the eighth year and 0% thereafter.* 

<sup>4</sup>

*This fee is not currently assessed against transfers. We reserve the right to impose a charge in the future for transfers in excess of 12 per year. The amount of this fee will not exceed the lesser of $25 or 2% of the amount transferred.* 

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**The following table describes fees and expenses that you pay each year during the time that you own the Contract. These tables do not include annual Portfolio operating fees and expenses. If you choose to purchase an optional benefit, you will pay additional charges, as shown below.** 

**Annual Contract Expenses** 

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| | | |
|:---|:---|:---|
|  | **John Hancock USA** | **John Hancock New York** |
| **Administrative Expenses**<sup>1</sup> | $30 | $30 |
| &nbsp;&nbsp; **Base Contract Expenses**<br> (as a percentage of Separate Account value)<br>| **1.40%** | **1.40%** |
| **Optional Benefit Expenses** |  |  |
| &nbsp;&nbsp; Optional Enhanced Earnings Death Benefit Fee (as a percentage of the <br> Variable Investment Options)<br>| 0.20% | not offered |
| &nbsp;&nbsp; Accelerated Beneficiary Protection Death Benefit<sup>2</sup>(as a percentage of the <br> Contract Value)<br>| 0.50% | not offered |
| Optional Annual Step-Up Death Benefit Fee<sup>3</sup> <br>| 0.20% | 0.20% |
| &nbsp;&nbsp; Optional Payment Enhancement Fee<sup>4</sup>(as a percentage of the Variable <br> Investment Options)<br>| not offered | 0.35% |
| &nbsp;&nbsp; Guaranteed Retirement Income Benefit II<sup>5</sup> (as a percentage of the Contract <br> Value)<br>| 0.45% | 0.45% |
| &nbsp;&nbsp; Guaranteed Retirement Income Benefit III<sup>5</sup>(as a percentage of the Contract <br> Value)<br>| 0.50% | not offered |

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<sup>1</sup>

*The $30 annual fee will not be assessed prior to the Maturity Date under a Wealthmark Contract if at the time of its assessment the Contract Value is greater than or equal to $99,000.* 

<sup>2</sup>

*Subject to state availability, John Hancock USA offered the Accelerated Beneficiary Protection Death Benefit from December 2003 through December 2004. This option benefit could not be purchased, however, if you elected to purchase Principal Plus, Guaranteed Retirement Income Benefit II or Guaranteed Retirement Income Benefit III. This fee is deducted from Contract Value. This is an annual charge applied as a percentage of the Accelerated Beneficiary Protection Death Benefit.* 

<sup>3</sup>

*The charge for the optional Annual Step-Up Death Benefit is 0.05% of the value of the Variable Investment Options if you purchased the Rider from John Hancock USA prior to May 2003 or from John Hancock New York prior to August 2005.* 

<sup>4</sup>

*If you elected the optional Payment Enhancement Rider, the guaranteed rate applicable to any Fixed Investment Options is also reduced by 0.35%.* 

<sup>5</sup>

*Guaranteed Retirement Income Benefits could not be purchased if you elected to purchase Principal Plus or Principal Plus for Life. Availability varied by state and when you purchased your Contract. See Appendix D: "Optional Guaranteed Minimum Income Benefits" for availability. This fee is deducted from Contract Value. This is an annual charge applied as a percentage of the Income Base.* 

**Optional Guaranteed Minimum Withdrawal Benefit Rider Fees** <br>**(as a percentage of Adjusted Benefit Base)** 

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| | | | |
|:---|:---|:---|:---|
| **Rider** | **Issued In** | **Maximum Fee** | **Current Fee** |
| Income Plus For Life <sup>®</sup> (Annual Step-Up Review)<sup>1</sup> <br>| *All states* | 1.20% | 0.60% |
| &nbsp;&nbsp; Income Plus For Life –Joint Life <sup>®</sup> Plus (Annual Step-Up <br> Review)<sup>1</sup> <br>| *All states except New York* | 1.20% | 0.60% |
| Income Plus For Life <sup>®</sup> (Quarterly Step-Up Review)<sup>1</sup> <br>| *All states except New York* | 1.20% | 0.75% |
| Income Plus For Life <sup>®</sup> (Quarterly Step-Up Review)<sup>1</sup> <br>| *New York* | 1.20% | 0.70% |
| Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review)<sup>1</sup> <br>| *All states except New York* | 1.20% | 0.75% |
| &nbsp;&nbsp; Income Plus For Life – Joint Life <sup>®</sup> (Quarterly Step-Up <br> Review))<sup>1</sup> <br>| *New York* | 1.20% | 0.70% |
| Income Plus For Life<sup>®</sup>12.08<sup>1</sup> <br>| *All states except New York* | 1.20% | 0.85% |
| Income Plus For Life<sup>®</sup>12.08<sup>1</sup> <br>| *New York* | 1.20% | 0.80% |
| Income Plus For Life - Joint Life<sup>®</sup>12.08<sup>1</sup> <br>| *All states except New York* | 1.20% | 0.85% |
| Income Plus For Life - Joint Life<sup>®</sup>12.08<sup>1</sup> <br>| *New York* | 1.20% | 0.80% |

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<sup>1</sup>

*For each Rider, we reserve the right to increase the charge to a maximum charge of 1.20% if the Benefit Base is stepped-up to equal the Contract Value.* 

**Optional Guaranteed Minimum Withdrawal Benefit Rider Fees** <br>**(as a percentage of Adjusted Guaranteed Withdrawal Balance)** 

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| | | | |
|:---|:---|:---|:---|
| **Rider** | **Issued In** | **Maximum Fee** | **Current Fee** |
| Principal Plus For Life Plus Automatic Annual Step-Up<sup>1</sup> <br>| All states | 1.20% | 0.70% |
| Principal Plus for Life | All states | 0.75% | 0.40% |
| Principal Plus | All states | 0.75% | 0.30% |
| Principal Returns | All states | 0.95% | 0.50% |

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<sup>1</sup>

*We reserve the right to increase the charge to a maximum charge of 0.1.20% if the Guaranteed Withdrawal Balance is stepped-up to equal the Contract Value. For Riders issued from December 15, 2008 to April 30, 2009, the current charge is 0.70% and for Riders issued from June 16, 2008 to December 12, 2008, the current charge is 0.55%. For Riders issued prior to June 16, 2008, the current charge is 0.60%.*

**The next table describes the minimum and maximum total operating expenses charged by the Portfolios that you may pay periodically during the time that you own the Contract. Expenses shown may change over time and may be higher and lower in the future. These amounts also include applicable Portfolio expenses if you choose to invest in certain Portfolios. A complete list of the Portfolios available under the Contract, including their annual expenses, maybe found in "Appendix: Portfolios Available Under the Contract" at the back of this document.** 

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| | | |
|:---|:---|:---|
| **Annual Portfolio Company Expenses** | **Minimum** | **Maximum** |
| &nbsp;&nbsp; (expenses that are deducted from Portfolio Company assets, including management fees, <br> distribution and/or service (Rule 12b-1) fees, and other expenses)<br>| 0.39% | 1.42% |

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**Examples** 

We provide the following examples that are intended to help you compare the costs of investing in a Contract with the costs of investing in other variable annuity contracts. The costs we show include transaction expenses, Contract expenses, and Annual Portfolio Company Expenses.

The examples assume all Contract Value is allocated to the Variable Investment Options. Your costs could differ from those shown below if you invest in Fixed Investment Options.

**Example 1**. Maximum Portfolio operating expenses – Wealthmark Contract with optional Riders

**Wealthmark Contract with optional benefit Riders:** The following example assumes that you invest $100,000 in a John Hancock USA Contract with the Enhanced Earnings Death Benefit and Income Plus For Life<sup>®</sup> optional benefit Riders and, for John Hancock New York Contracts, the Payment Enhancement and Income Plus For Life<sup>®</sup> Riders. This example also assumes that your investment has a 5% return each year and assumes the most expensive combination of Annual Portfolio Company Expenses and optional benefits available for an additional charge. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **John Hancock USA**<br> **Enhanced Earnings Death Benefit and Income Plus For Life**<sup>®</sup> | &nbsp;&nbsp; **John Hancock USA**<br> **Enhanced Earnings Death Benefit and Income Plus For Life**<sup>®</sup> | &nbsp;&nbsp; **John Hancock USA**<br> **Enhanced Earnings Death Benefit and Income Plus For Life**<sup>®</sup> | &nbsp;&nbsp; **John Hancock USA**<br> **Enhanced Earnings Death Benefit and Income Plus For Life**<sup>®</sup> | &nbsp;&nbsp; **John Hancock USA**<br> **Enhanced Earnings Death Benefit and Income Plus For Life**<sup>®</sup> |
|  | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| If you surrender the Contract at the end of the applicable time period: | $9828 | $17899 | $26327 | $47471 |
| &nbsp;&nbsp; If you annuitize, or do not surrender the Contract at the end of the applicable <br> time period:<br>| $4313 | $13244 | $22567 | $47471 |

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**Example 2.** Minimum Portfolio operating expenses – Wealthmark Contract with no optional benefit Riders

**Wealthmark Contract with no optional benefit Riders:** This example also assumes that you invest $100,000 in a Contract, but with no optional Riders. The example also assumes that your investment has a 5% return each year and assumes the

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minimum fees and expenses of any of the Portfolios and represents the least expensive way to purchase the Contract. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **John Hancock USA and John Hancock New York**<br> **No Optional Benefit Riders** | &nbsp;&nbsp; **John Hancock USA and John Hancock New York**<br> **No Optional Benefit Riders** | &nbsp;&nbsp; **John Hancock USA and John Hancock New York**<br> **No Optional Benefit Riders** | &nbsp;&nbsp; **John Hancock USA and John Hancock New York**<br> **No Optional Benefit Riders** | &nbsp;&nbsp; **John Hancock USA and John Hancock New York**<br> **No Optional Benefit Riders** |
|  | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| If you surrender the Contract at the end of the applicable time period: | $7437 | $10701 | $13834 | $21294 |
| &nbsp;&nbsp; If you annuitize, or do not surrender the Contract at the end of the applicable <br> time period:<br>| $1848 | $5719 | $9834 | $21294 |

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**V. Principal Risks of Investing in the Contract** 

**Risks Associated with Variable Investment Options.** The investment performance of any variable Investment Account may be good or bad, and you may lose the entire amount you invest in a Contract. You take all the investment risk for amounts allocated to one or more of the Subaccounts, which invest in Portfolios. The risk varies with each Investment Option. Your Contract Value will increase or decrease based on the investment performance of the variable Investment Accounts you have chosen. The variable Investment Accounts cover a broad spectrum of investment styles and strategies, some variable Investment Accounts are riskier than others. These risks (and potential rewards) are discussed in detail in the prospectuses of the Portfolios. The death benefit may also increase or decrease with investment experience.

We do not guarantee the investment results of any Portfolio. An investment in the Annuity is subject to the risk of poor investment performance, including negative investment performance, and the value of your investment can vary depending on the performance of the selected Portfolio(s), each of which has its own unique risks. You should review the Portfolios before making an investment decision.

**Risks Associated with Managed Volatility Portfolios.** During rising markets, the strategies employed to manage volatility could result in your Contract Value rising less than would have been the case if you had been invested in a Portfolio without the managed volatility strategy. The managed volatility strategy may also suppress the value of the guaranteed Rider benefits. On the other hand, the managed volatility strategy seeks to manage the volatility of returns and limit the magnitude of Portfolio losses during declining markets with high volatility, although there is no guarantee that it will do so. For more information see "VI. General Information About Us, the Separate Accounts and the Portfolios."

**Transfer Risk.** There is a risk that you will not be able to transfer your Contract's value from one variable Investment Account to another because of limitations on the dollar amount or frequency of transfers you can make. The limitations on transfers out of the Fixed Investment Option are more restrictive than those that apply to transfers out of variable Investment Accounts. If you purchased certain supplementary benefit Riders you will be subject to special transfer restrictions.

To discourage market timing and disruptive trading activity, we impose restrictions on transfers and reserve the right to change, suspend or terminate telephone, facsimile and internet transaction privileges. We apply these restrictions uniformly to each class of Contracts. While we seek to identify and prevent disruptive trading activity, it may not always be possible to do so. Therefore, no assurance can be given that the restrictions we impose will be successful in preventing all disruptive trading and avoiding harm to long term investors.

**Possible Adverse Tax Consequences.** The tax considerations associated with the Contract vary and can be quite complex. The tax considerations discussed in this prospectus are general in nature and describe only federal income tax law (not state, local, foreign or other federal tax laws). Before making a Purchase Payment or taking other action related to your Contract, please consult with a qualified tax professional with regard to the application of the law to your circumstances. For example, distributions from your Contract are generally subject to ordinary income taxation on the amount of any investment gain unless the distribution qualifies as a non-taxable exchange or transfer. In addition, if you take a distribution prior to the taxpayer's age 59½, you may be subject to a 10% additional tax in addition to ordinary income taxes on any gain.

**Early Surrender or Withdrawal Risk/Not a Short-Term Investment.** The Contract is unsuitable as a short-term savings vehicle because of the substantial Contract-level charges, including the surrender charge, as well as potential adverse tax consequences from such short-term use. Withdrawals could also result in surrender charges, taxes, and tax penalties, as applicable. Therefore, it is not an appropriate investment for an investor who needs ready access to cash. The Contract is designed to provide benefits on a long-term basis. There are surrender charges assessed if you surrender your Contract before the Maturity Date. Depending on the Contract Value at the time you are considering a surrender, there may be little or no Contract Value payable to you.

**Risk of Loss.** All investments have risks to some degree and it is possible that you could lose money by investing in the Contract. An investment in the Contract is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

**Insurance Company Risks.** Your investment in the Contract is subject to risks related to John Hancock USA or John Hancock New York, including that the obligations (including under the fixed account investment option), guarantees, or benefits are subject to the claims-paying ability of John Hancock USA or John Hancock New York. Information about John Hancock USA and John Hancock New York, including their financial strength ratings, are available upon request from your John Hancock representative. Our current financial strength ratings can also be obtained by contacting the Service Office at 1-800-344-1029.

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**Contract Changes Risk.** The Contract allows us to eliminate the shares of a Portfolio or substitute shares of another new or existing Portfolio, subject to applicable legal requirements. If shares of a Portfolio are no longer available for investment or in our judgment investment in a Portfolio becomes inappropriate, we may eliminate the shares of a Portfolio and substitute shares of another Portfolio, or of another open-end registered investment company. A substitution may be made with respect to both existing investments and the investment of future Purchase Payments. We accept Additional Purchase Payments for the Contract only in a limited number of circumstances, and you may be unable to make an Additional Purchase Payment.

**Purchase Payment Risk.** We reserve the right to refuse any Purchase Payment and to further limit your ability to make Additional Purchase Payments. If we exercise our right to suspend, reject, and/or place limitations on the acceptance of Additional Purchase Payments, you may be unable to, or limited in your ability to, increase your Contract Value through Additional Purchase Payments and therefore likewise limited in your ability to increase your death benefits and the values of a rider, if any. For more information, see "VII. Description of the Contract – Purchase Payments," in the Prospectus.

**Cybersecurity Risks.** Our business and operations are highly dependent upon the effective operation of our computer systems and those of our third-party business partners. As a result, there are potential operational and information security risks associated with attack, damage, or unauthorized access to the technologies and systems on which our business depends. These risks include, among other things, the unauthorized access, theft, loss, misuse, corruption, and destruction of data maintained online or digitally, denial of service on websites and other operational disruption, and unauthorized release of confidential customer information. Cyber-attacks affecting us, any third-party administrator, the underlying portfolios, intermediaries, and other affiliated or third-party service providers may adversely affect us and your Contract Value. For instance, cyber-attacks may interfere with the processing of actions taken on your Contract, including the processing of transactions and orders from our website or with the underlying portfolios, impact our ability to calculate unit values or an underlying portfolio to calculate a net asset value, or cause the release and possible destruction of confidential customer or business information. Cybersecurity risks may also impact the issuers of securities in which the underlying portfolios invest, which may cause the portfolios underlying your policy to lose value. While measures have been implemented that are designed to reduce cybersecurity risks, there can be no guarantee or assurance that we, the underlying portfolios, or our service providers will not suffer losses affecting your Contract due to cyber-attacks or information security breaches in the future.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**VI. General Information about Us, the Separate Accounts and the Portfolios** 

**The Companies** 

Your Contract was issued by either John Hancock USA or John Hancock New York. Please refer to your Contract to determine which Company issued your Contract.

John Hancock USA, formerly known as "The Manufacturers Life Insurance Company (U.S.A.)," is a stock life insurance company originally organized under the laws of Maine on August 20, 1955, by a special act of the Maine legislature. John Hancock USA redomesticated under the laws of Michigan on December 30, 1992. John Hancock USA is authorized to transact life insurance and annuity business in all states (except New York), the District of Columbia, Guam, Puerto Rico and the Virgin Islands. Its principal office is located at 200 Berkeley Street, Boston, Massachusetts 02116. John Hancock USA also has an Annuities Service Center – its mailing address is PO Box 55444, Boston, MA 02205-5444; its overnight mail address is 372 University Ave – Suite 55444, Westwood, MA 02090; and its web address is www.johnhancock.com/annuities.

John Hancock New York, formerly known as "The Manufacturers Life Insurance Company of New York," is a wholly-owned subsidiary of John Hancock USA and is a stock life insurance company organized under the laws of New York on February 10, 1992. John Hancock New York is authorized to transact life insurance and annuity business only in the State of New York. Its principal office is located at 100 Summit Lake Drive, Valhalla, New York 10595. John Hancock New York also has an Annuities Service Center – its mailing address is PO Box 55445, Boston, MA 02205-5445; its overnight mail address is 372 University Ave – Suite 55445, Westwood, MA 02090; and its web address is www.johnhancock.com/annuities.

The ultimate parent of both companies is Manulife Financial Corporation, a publicly traded company based in Toronto, Canada. Manulife Financial Corporation is the holding company of The Manufacturers Life Insurance Company and its subsidiaries, collectively known as Manulife. The Companies changed their names to John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, respectively, on January 1, 2005 following Manulife Financial Corporation's acquisition of John Hancock Financial Services, Inc.

The Company incurs obligations under the Contract to guarantee certain amounts, and investors must depend on the financial strength of the Company for satisfaction of the Company's obligations such as any Fixed Investment Option, the Lifetime Income Amount, the death benefit and any guaranteed amounts associated with our optional benefits Riders. Also, if you direct money into a DCA Fixed Investment Option that we may make available, the Company guarantees the principal value and the rate of interest credited to that Investment Option for the term of any DCA guarantee period. To the extent that the Company pays such amounts, the payments will come from the Company's General Account assets. You should be aware that, unlike the Separate Accounts, the Company's General Account is not segregated or insulated from the claims of the Company's creditors. The General Account consists of securities and other investments that may decline in value during periods of adverse market conditions. The Company's financial statements contained in the SAI include a further discussion of risks inherent within the Company's General Account investments.

**The Separate Accounts** 

You do not invest directly in the Portfolios made available under the Contracts. When you direct or transfer money to a Variable Investment Option, we will purchase shares of a corresponding Portfolio through one of our Separate Accounts. We hold the Portfolio's shares in a "Subaccount" (usually with a name similar to that of the corresponding Portfolio) of the applicable Separate Account. A Separate Account's assets (including the Portfolio's shares) belong to the Company that maintains that Separate Account.

For Contracts issued by John Hancock USA, we purchase and hold Portfolio shares in John Hancock Life Insurance Company (U.S.A.) Separate Account H, a Separate Account under the laws of Michigan.

For Contracts issued by John Hancock New York, we purchase and hold Portfolio shares in John Hancock Life Insurance Company of New York Separate Account A, a Separate Account under the laws of New York.

The income, gains and losses, whether or not realized, from assets of a Separate Account are credited to or charged against that Separate Account without regard to a Company's other income, gains, or losses. Nevertheless, all obligations arising under a Company's Contracts are general corporate obligations of that Company. Assets of a Separate Account may not be

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charged with liabilities arising out of any of the respective Company's other business. The Company is obligated to pay all amounts promised to investors under the Contracts.

We reserve the right, subject to compliance with applicable law: to add other Subaccounts; to eliminate existing Subaccounts; to combine Subaccounts or transfer assets in one Subaccount to another Subaccount that we, or an affiliated company, may establish; or (in states where permitted) to restrict or prohibit additional allocations to a Subaccount. We will not eliminate existing Subaccounts or combine Subaccounts without the prior approval of the appropriate state and/or federal regulatory authorities.

**The Portfolios** 

When you select a Variable Investment Option, we invest your money in a Subaccount of our Separate Accounts and it invests in shares of a corresponding Portfolio of the John Hancock Variable Insurance Trust.

**The Portfolios are NOT publicly traded mutual funds***.* The Portfolios are available to you only as Investment Options in the Contracts or, in some cases, through other variable annuity contracts or variable life insurance policies issued by us or by other life insurance companies. In some cases, the Portfolios also may be available through participation in certain tax-qualified pension, retirement or college savings plans.

*Investment Management* 

The Portfolios' investment advisers and managers may manage publicly traded mutual funds with similar names and investment objectives. However, the Portfolios are NOT directly related to any publicly traded mutual fund. You should not compare the performance of any Portfolio described in this Prospectus with the performance of a publicly traded mutual fund. **The performance of any publicly traded mutual fund could differ substantially from that of any of the Portfolios held in our Separate Account.** 

**Our Managed Volatility Portfolios** 

In selecting the Portfolios that are available as Investment Options under the Contract (or its optional benefit Riders), we may establish requirements that are intended, among other things, to mitigate market price and interest rate risk for compatibility with our obligations to pay guarantees and benefits under the Contract (and its optional benefit Riders). We seek to make available Investment Options that use strategies that are intended to lower potential volatility, including, but not limited to, strategies that: encourage diversification in asset classes and style; combine equity exposure with exposure to fixed income securities; and that allow us to effectively and efficiently manage our exposure under the Contracts (and optional benefit Riders). The requirements we impose are intended to protect us from loss. They may increase a Portfolio's transaction costs, and may otherwise lower the performance and reduce the availability of Investment Options under the Contract (and/or under optional benefit Riders).

During rising markets, the strategies employed to manage volatility could result in your Contract Value rising less than would have been the case if you had been invested in a Portfolio without the managed volatility strategy. The managed volatility strategy may also suppress the value of the guaranteed Rider benefits. On the other hand, the managed volatility strategy seeks to manage the volatility of returns and limit the magnitude of Portfolio losses during declining markets with high volatility, although there is no guarantee that it will do so.

The four Managed Volatility Portfolios offered under the Contract have the following objectives and strategies:

**Managed Volatility Balanced Portfolio**. Seeks growth of capital and current income while seeking to both manage the volatility of return and limit the magnitude of Portfolio losses. The Portfolio seeks to limit the volatility of returns to a range of 8.25% to 10.25%. The Portfolio is a fund of funds and invests primarily in underlying portfolios that invest primarily in equity securities and underlying portfolios that invest primarily in fixed-income securities. The Portfolio's risk management strategy may cause the Portfolio's economic exposure to equity securities, fixed-income securities and cash and cash equivalents (either directly or through investment in underlying funds or derivatives) to fluctuate, and during extreme market volatility, the Portfolio's economic exposure to either equity securities or fixed-income securities could be reduced to 0% and its economic exposure to cash and cash equivalents could increase to 100%. The subadvisor normally will seek to limit the Portfolio's exposure to equity securities (either directly or through investment in underlying portfolios or derivatives) to no more than 55% and normally will seek to reduce any equity exposure in excess of this amount as soon as practicable.

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However, the subadvisor may determine in light of market or economic conditions that the limit should be exceeded to achieve the Portfolio's investment objective.

**Managed Volatility Conservative Portfolio**. Seeks current income and growth of capital while seeking to both manage the volatility of return and limit the magnitude of Portfolio losses. The Portfolio seeks to limit the volatility of returns to a range of 5.5% to 6.5% (as measured by annualized standard deviation of the Portfolio's returns). The Portfolio is a fund of funds and invests primarily in underlying portfolios that invest primarily in equity securities and underlying portfolios that invest primarily in fixed-income securities. The Portfolio's risk management strategy may cause the Portfolio's economic exposure to equity securities, fixed-income securities and cash and cash equivalents (either directly or through investment in underlying funds or derivatives) to fluctuate, and during extreme market volatility, the Portfolio's economic exposure to either equity securities or fixed-income securities could be reduced to 0% and its economic exposure to cash and cash equivalents could increase to 100%. The subadvisor normally will seek to limit the Portfolio's exposure to equity securities (either directly or through investment in underlying portfolios or derivatives) to no more than 22% and normally will seek to reduce any equity exposure in excess of this amount as soon as practicable. However, the subadvisor may determine in light of market or economic conditions that the limit should be exceeded to achieve the Portfolio's investment objective.

**Managed Volatility Growth Portfolio**. Seeks long-term growth of capital while seeking to both manage the volatility of return and limit the magnitude of Portfolio losses. The Portfolio seeks to limit the volatility of returns to a range of 11% to 13% (as measured by annualized standard deviation of the Portfolio's returns). The Portfolio is a fund of funds and invests primarily in underlying portfolios that invest primarily in equity securities and underlying portfolios that invest primarily in fixed-income securities. The Portfolio's risk management strategy may cause the Portfolio's economic exposure to equity securities, fixed-income securities and cash and cash equivalents (either directly or through investment in underlying funds or derivatives) to fluctuate, and during extreme market volatility, the Portfolio's economic exposure to either equity securities or fixed-income securities could be reduced to 0% and its economic exposure to cash and cash equivalents could increase to 100%. The subadvisor normally will seek to limit the Portfolio's exposure to equity securities (either directly or through investment in underlying portfolios or derivatives) to no more than 77% and normally will seek to reduce any equity exposure in excess of this amount as soon as practicable. However, the subadvisor may determine in light of market or economic conditions that the limit should be exceeded to achieve the Portfolio's investment objective.

**Managed Volatility Moderate Portfolio**. Seeks current income and growth of capital while seeking to both manage the volatility of return and limit the magnitude of Portfolio losses. The Portfolio seeks to limit the volatility of returns to a range of 7% to 9% (as measured by annualized standard deviation of the Portfolio's returns). The Portfolio is a fund of funds and invests primarily in underlying portfolios that invest primarily in equity securities and underlying portfolios that invest primarily in fixed-income securities. The Portfolio's risk management strategy may cause the Portfolio's economic exposure to equity securities, fixed-income securities and cash and cash equivalents (either directly or through investment in underlying Portfolio's or derivatives) to fluctuate, and during extreme market volatility, the Portfolio's economic exposure to either equity securities or fixed-income securities could be reduced to 0% and its economic exposure to cash and cash equivalents could increase to 100%. The subadvisor normally will seek to limit the Portfolio's exposure to equity securities (either directly or through investment in underlying portfolios or derivatives) to no more than 44% and normally will seek to reduce any equity exposure in excess of this amount as soon as practicable. However, the subadvisor may determine in light of market or economic conditions that the limit should be exceeded to achieve the Portfolio's investment objective.

*You can find a full description of each Portfolio, including the investment objectives, policies and restrictions of, and the risks relating to, investment in the Portfolio in the prospectus for that Portfolio.* 

The John Hancock Variable Insurance Trust is a so-called "series" type mutual fund and is registered under the 1940 Act as an open-end management investment company. John Hancock Variable Trust Advisers LLC ("JHVTA LLC") provides investment advisory services to the John Hancock Variable Insurance Trust and receives investment management fees for doing so. JHVTA LLC pays a portion of its investment management fees to other firms that manage the John Hancock Variable Insurance Trust's Portfolios (i.e., subadvisers). JHVTA LLC is our affiliate and we indirectly benefit from any investment management fees JHVTA LLC retains.

The John Hancock Variable Insurance Trust has obtained an order from the SEC permitting JHVTA LLC, subject to approval by the Board of Trustees, to change a subadviser for a Portfolio or the fees paid to subadvisers and to enter into new subadvisory agreements from time to time without the expense and delay associated with obtaining shareholder approval of the change. This order does not, however, permit JHVTA LLC to appoint a subadviser that is an affiliate of JHVTA LLC or

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the John Hancock Variable Insurance Trust (other than by reason of serving as subadviser to a Portfolio) (an "Affiliated Subadviser") or to change a subadvisory fee of an Affiliated Subadviser without the approval of shareholders.

If shares of a Portfolio are no longer available for investment or in our judgment investment in a Portfolio becomes inappropriate, we may eliminate the shares of a Portfolio and substitute shares of another Portfolio, or of another open-end registered investment company. A substitution may be made with respect to both existing investments and the investment of future Purchase Payments. However, we will make no such substitution without first notifying you and obtaining approval of the SEC (to the extent required by the 1940 Act).

*Portfolio Expenses* 

Fees and expenses of the Portfolios include investment management fees, Rule 12b-1 fees and other operating expenses. The fees and expenses are not fixed or specified under the terms of the Contracts and may vary from year to year. These fees and expenses differ for each Portfolio and reduce the investment return of each Portfolio. Therefore, they also indirectly reduce the return you might earn on any Separate Account Investment Options.

The Portfolios pay us or certain of our affiliates compensation for some of the distribution, administrative, shareholder support, marketing and other services we or our affiliates provide to the Portfolios. The amount of this compensation is based on a percentage of the assets of the Portfolio attributable to the variable insurance products that we and our affiliates issue. These percentages may differ from Portfolio to Portfolio and among classes of shares within a Portfolio. In some cases, the compensation is derived from the Rule 12b-1 fees which are deducted from a Portfolio's assets and paid for the services we or our affiliates provide to that Portfolio. Compensation payments may be made by a Portfolio's investment adviser or its affiliates. We pay American Funds Distributors, Inc., the principal underwriter for the American Fund Insurance Series, a percentage of some or all of the amounts allocated to the "American Fund Portfolios" of the John Hancock Variable Insurance Trust for the marketing support services it provides. None of these compensation payments results in any additional charge to you.

*Funds of Funds and Master-Feeder Funds* 

Each of the John Hancock Variable Insurance Trust's Lifestyle Balanced Portfolio, Lifestyle Conservative Portfolio, Lifestyle Growth Portfolio, Lifestyle Moderate Portfolio, Managed Volatility Balanced Portfolio, Managed Volatility Conservative Portfolio, Managed Volatility Growth Portfolio and Managed Volatility Moderate Portfolio ("JHVIT Funds of Funds") is a "fund of funds" that invests in other underlying mutual funds. Expenses for a fund of funds may be higher than those for other Portfolios because a fund of funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying Portfolios in which it invests. The prospectus for each of the JHVIT Funds of Funds contains a description of the underlying portfolios for that Portfolio, including expenses of those portfolios, associated investment risks, and deductions from and expenses paid out of the assets of the Portfolio.

Each of the John Hancock Variable Insurance Trust's American Asset Allocation, American Global Growth, American Growth and American Growth-Income ("JHVIT American Fund Portfolios") invests in Class 1 shares of the corresponding investment portfolio of a "master" fund. The JHVIT American Fund Portfolios operate as "feeder funds," which means that each Portfolio does not buy investment securities directly. Instead, it invests in a corresponding "master fund" which in turn purchases investment securities. Each of the JHVIT American Fund Portfolios has the same investment objective and limitations as its corresponding master fund. The prospectus for the American Fund master funds is included with the prospectuses for the JHVIT American Fund Portfolios.

*Portfolio Investment Objectives* 

The value of your Contract will increase or decrease based on the investment performance of the variable Investment Options you choose. You bear the risk that the variable Investment Options you select may fail to meet their objectives, that they could decrease in value, and that you could lose principal. There is a risk of loss of the entire amount invested. Information regarding each Portfolio Company, including its name, a brief statement concerning its investment objectives, its investment adviser and any sub-investment adviser, current expenses, and performance is available in "Appendix: Portfolios Available Under the Contract."

**You can find a full description of each Portfolio, including the investment objectives, policies and restrictions of, and the risks relating to, investment in the Portfolio in the prospectus for that Portfolio. You can obtain a copy of a Portfolio's prospectus (including the prospectus for a master fund for any of the Portfolios that are operated as feeder funds), without charge, by contacting us at the Annuities Service Center website, phone number or address shown on** 

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**the back cover of this Prospectus. You should read the Portfolio's prospectus carefully before investing in the corresponding Variable Investment Option.**

The Portfolios available may be restricted if you purchased a guaranteed minimum withdrawal benefit Rider (see Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits").

**Voting Interest** 

We will vote Portfolio shares held in a Separate Account at any Portfolio shareholder meeting in accordance with timely voting instructions received from the persons having the voting interest under the Contract. We will determine the number of Portfolio shares for which voting instructions may be given not more than 90 days prior to the meeting. We will arrange for voting materials to be distributed to each person having the voting interest under the Contract together with appropriate forms for giving voting instructions. If there are shares of a Portfolio held by a Subaccount for which we do not receive timely voting instructions, we will vote those shares in the same proportion as the total votes for all of our registered separate accounts for which we have received timely instructions, We will vote all Portfolio shares that we hold directly in our General Account in the same proportion as the total votes for all our registered separate accounts and those of any of our affiliates for which we have received timely instructions. One effect of this proportional voting is that a small number of Contract Owners can determine the outcome of a vote.

During the Accumulation Period, the Contract Owner has the voting interest under a Contract. We determine the number of votes for each Portfolio for which voting instructions may be given by dividing the value of the Investment Account corresponding to the Subaccount in which such Portfolio shares are held by the net asset value per share of that Portfolio.

During the Pay-out Period for a variable annuity option, the Annuitant has the voting interest under a Contract. We determine the number of votes as to each Portfolio for which voting instructions may be given by dividing the reserve for the Contract allocated to the Subaccount in which such Portfolio shares are held by the net asset value per share of that Portfolio. Generally, the number of votes tends to decrease as annuity payments progress because the amount of reserves attributable to a Contract will usually decrease after commencement of annuity payments.

We reserve the right to make any changes in the voting rights described above that may be permitted by the federal securities laws, regulations, or interpretations thereof.

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**VII. Description of the Contract** 

**Eligible Plans** 

Contracts may have been issued to fund plans qualifying for special income tax treatment under the Code, such as individual retirement accounts and annuities ("IRAs"), pension and profit-sharing plans for corporations and sole proprietorships/partnerships ("H.R. 10" and "Keogh" plans), tax-sheltered annuities, and state and local government deferred compensation plans (see "IX. Federal Tax Matters – Other Qualified Plans," or you may request a copy of the SAI). The Contracts are not designed to fund a comingled account for multiple participants in a Qualified Plan. The Contracts are designed so that they may be used with nonqualified retirement plans, such as payroll savings plans and such other groups (with or without a trustee), or issued as individually owned nonqualified contracts, as may be eligible under applicable law.

You should consult with a qualified tax professional for more information if you are considering a conversion of your Qualified Contract to a Roth account. You should also consider that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contracts are not designed to hold both Roth and non-Roth accounts; we do not separately account for any part of any Purchase Payments, Contract Value or any Annuity Payments as attributable to both a Roth account and a non-Roth account, *even if permitted in your Qualified Plan*, and that you or your plan administrator will be responsible for any tax related accounting required by such a split; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any transfer of Contract Value from a Contract used to fund a non-Roth account to a Roth account permitted in your Qualified Plan (or from a Contract used to fund a Roth account to a non-Roth account) may incur withdrawal charges.

Please see "IX. Federal Tax Matters – General Information Regarding Qualified Contracts" for additional information about the use of the Contract in connection with Qualified Plans.

Eligibility Restrictions – **Section 403(b) Plans.** For information regarding Contracts issued for use in an existing retirement plan intended to qualify under section 403(b) of the Code (a "Section 403(b) Plan" or a "403(b) Plan"), please see "IX. Federal Tax Matters – Other Qualified Plans."

**Beneficiary IRAs.** For all Contracts that offered optional benefit Riders, effective February 2, 2009, we no longer allowed you to establish a new Beneficiary IRA that included any optional benefit Rider, nor do we allow anyone with an existing Beneficiary IRA that does not have an optional benefit Rider to subsequently elect any optional benefit Rider. The restriction includes all optional benefit Riders that were otherwise available under the Contract (where applicable, see Appendix B: "Optional Enhanced Death Benefits" Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits," and Appendix D: "Optional Guaranteed Minimum Income Benefit(s)," to determine what optional benefit Riders, if any, were available).

We will continue to support existing Beneficiary IRAs that already include optional benefit Riders.

**Eligible Groups.** John Hancock USA has issued group contracts to Venture<sup>®</sup> Trust, as group holder for groups comprised of persons who have brokerage accounts with brokers having selling agreements with John Hancock Distributors LLC, the principal underwriter of the Contracts.

**Accumulation Period Provisions** 

*Standard/Optional Benefits* 

In addition to the standard death benefits associated with your Contract, other standard and/or optional benefits may also be available to you. The "Benefits Available Under the Contract" table below summarizes information about those benefits. There are restrictions and limitations relating to optional benefits, as well as conditions under which an optional benefit may be modified or terminated by us. For example, certain optional benefit riders may result in restrictions upon some of the Contract benefits, including availability of Investment Options. Withdrawals that exceed limits specified by the terms of an optional benefit may affect the availability of the benefit by reducing the benefit by an amount greater that the value withdrawn, and/or could terminate the benefit. Information about the fees associated with each benefit included in the tables may be found in "IV. Fee Tables."

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*Purchase Payments* 

**Restrictions on Additional Purchase Payments for Nonqualified Contracts with a Guaranteed Minimum Withdrawal Benefit Rider.** Under our current administrative rules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment, without our prior approval, after the first Contract Anniversary following the Rider Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in New Jersey or Oregon)* You may not make an Additional Purchase Payment, without our prior approval, if your total Additional Purchase Payments would exceed $100,000.

Additional Purchase Payments for Nonqualified Contracts with a guaranteed minimum withdrawal benefit Rider are also subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment, without our prior approval, if your Contract Value exceeds $1 million at the time of payment or if your Contract Value is less than $1 million and the Additional Purchase Payment would cause your Contract Value to exceed $1 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment if your GMWB Rider is in the Settlement Phase.

**Restrictions on Additional Purchase Payments for Qualified Contracts (Including IRAs) with a Guaranteed Minimum Withdrawal Benefit Rider.** Under our current administrative rules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment, without our prior approval, at any time after the Age 65 Contract Anniversary on a Qualified Contract with a GMWB Rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in New Jersey or Oregon)* You may not make an Additional Purchase Payment, without our prior approval, after the later of the first Contract Anniversary following the Rider Date or the Age 65 Contract Anniversary if your total Additional Purchase Payments after the first Contract Anniversary would exceed $100,000.

Additional Purchase Payments for Qualified Contracts with a guaranteed minimum withdrawal benefit Rider are also subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment, without our prior approval, if your Contract Value exceeds $1 million at the time of payment or if your Contract Value is less than $1 million and the Additional Purchase Payment would cause your Contract Value to exceed $1 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment after the oldest Covered Person becomes age 81 or if your GMWB Rider is in the Settlement Phase.

**Additional Purchase Payments for Contracts Issued With or Without a Guaranteed Minimum Withdrawal Benefit Rider.** Additional Purchase Payments must be at least $30. All Additional Purchase Payments must be in U.S. dollars.

We may provide for periodic Additional Purchase Payments to be automatically paid or transferred from your bank account, brokerage account or other account you hold at a similar financial institution ("**Financial Account Plan**") or deducted from your paycheck ("**Payroll Plan**") on a periodic basis. If an Additional Purchase Payment would cause your Contract Values in this Contract plus any other variable annuity contracts with the same Owner or Annuitant, issued by us or our affiliates (your "total contract values"), to exceed $1 million, or if your total contract values already exceed $1 million, you must obtain our prior approval in order to make the Purchase Payment.

**Additional Purchase Payments made through Financial Account Plans and Payroll Plans.** Under our current administrative rules, you may request us to accept periodic Additional Purchase Payments under the terms of a Contract issued without a GMWB Rider that are automatically paid or transferred from your Financial Account Plan or in connection with a Payroll Plan. Under our current administrative rules, we will continue to accept periodic Additional Purchase Payments for a Contract with a GMWB Rider when made in connection with a Financial Account Plan or Payroll Plan if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Financial Account Plan or Payroll Plan was in effect prior to May 4, 2012;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no automatic withdrawal program from your Contract is in effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your GMWB Rider is not in the Settlement Phase.

For Qualified Contracts with a GMWB Rider, you may not make an Additional Purchase Payment under a Financial Account Plan or Payroll Plan after the oldest Covered Person becomes age 81.

**Contracts Issued for Use With Tax-Qualified Retirement Plans.** Whether you can make regular contributions to the contract will generally depend on whether you have the necessary earned income for the year. Other restrictions may apply

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depending on your plan. Restrictions may apply for Contracts issued for use in a retirement plan intended to qualify under section 403(b) of the Code. Please consult with a qualified tax professional for additional information.

**Initial Purchase Payments.** We no longer issue the Contracts and do not accept initial Purchase Payments for new Contracts. We provide information regarding initial Purchase Payment requirements for the Contracts in the SAI.

**Approval of Additional Purchase Payment to Prevent Cancellation of Contracts.** We will mail notice to you at your last known address if we intend to cancel a Contract, where permitted by state law, at the end of any two consecutive Contract Years (three for Contracts issued in New York) in which no Purchase Payments have been made, in order to allow you to make the necessary Additional Purchase Payment to keep your Contract in force.

If permitted by state law, we may cancel a Contract at the end of any **<u>two</u>** consecutive Contract Years (**<u>three</u>** for Contracts issued in New York) in which no Purchase Payments have been made, if both:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the total Purchase Payments made over the life of the Contract, less any withdrawals, are less than $2,000; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value at the end of such two-year period is less than $2,000.

In addition, if your account value becomes less than the annual administration and/or rider fee amounts, we may cancel your Contract, retaining any remaining value to cover a portion of the annual fee costs. If the Contract has a Rider, we will refund the income base amount in the form of a lump sum payment.

As a matter of administrative practice, the respective Company will attempt to notify you prior to any such cancellation in order to allow you to make the necessary Additional Purchase Payment (if not otherwise restricted) to keep your Contract in force. The cancellation of Contract provisions may vary in certain states to comply with the requirements of insurance laws and regulations in such states. If we cancel your Contract, we will pay you the Contract Value computed as of the period from one Business Day to the next (the "valuation period") during which the cancellation occurs, minus the amount of any withdrawal charge, Rider fee and Unpaid Loan, and minus the $30 annual Contract fee. For IRAs, you must be eligible to make an IRA contribution. For any IRA benefit refund amounts over $200, you must receive prior notice for federal tax withholding election (and state where applicable). The amount paid is treated as a withdrawal for federal tax purposes and thus may be subject to income tax and to a 10% penalty tax (see "IX. Federal Tax Matters").

**Allocation of Purchase Payments.** You designate how your Purchase Payments are to be allocated among the Investment Options (subject to the restrictions described below). You may change the allocation of Additional Purchase Payments at any time by notifying us in writing (or by telephone or electronically if you comply with our telephone or electronic transaction procedures described in "Telephone and Electronic Transactions" in this section, below).\*\*\*

**Restrictions on the Money Market Investment Option.** You are not permitted to make new investments in the Money Market Investment Option. Transfers of amounts from other Investment Options into the Money Market Investment Option also are not permitted (please refer to "Transfers You May Make Among Investment Options" in this section, below). If you currently have Contract Value in the Money Market Investment Option, you may continue to keep that Contract Value in Money Market, but any transfer or withdrawal from Money Market cannot be replaced.

**Modification of Additional Purchase Payment Requirements.** We may modify, suspend, waive or terminate our restrictions on Additional Purchase Payments at any time. This may include, but is not limited to, circumstances where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you obtain our prior approval to make Additional Purchase Payments for Contracts with or without GMWB Riders, and we waive our restrictions; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• we impose additional restrictions on, or eliminate, your ability to make any Additional Purchase Payments through Financial Account Plans and/or Payroll Plans.

*Payment Enhancement* 

The optional Payment Enhancement Rider (previously known as the optional "Payment Credit" Rider) was not available for John Hancock USA Contracts. The Payment Enhancement Rider was only available with Contracts issued in New York by John Hancock New York. You may only have elected the Payment Enhancement Rider at issue and, once elected, the Payment Enhancement Rider is irrevocable. The minimum initial Purchase Payment required to elect the Payment Enhancement Rider was $10,000. We imposed an additional fee for the Payment Enhancement Rider and Contracts with this feature are subject to a higher withdrawal charge for a longer period of time.

If you elected the Payment Enhancement Rider, we will add a Payment Enhancement to your Contract when you make a Purchase Payment. The Payment Enhancement is equal to 4% of the Purchase Payment and is allocated among Investment

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Options in the same proportion as your Purchase Payment. For John Hancock New York Contracts issued on or after July 12, 2004 and prior to November 1, 2004, the Payment Enhancement is 5%. The Payment Enhancement Rider is funded from John Hancock New York's General Account.

**Purchase Payments Which Are Not Eligible for a Payment Enhancement.** If the Owner's Spouse is the Beneficiary, the Spouse continues the Contract as the new Owner and a death benefit is paid upon the death of the Spouse. For purposes of calculating this death benefit, the death benefit paid upon the first Owner's death will be treated as a Purchase Payment to the Contract. Such Purchase Payment will not be eligible for a Payment Enhancement.

**Tax Considerations.** Payment Enhancements are not considered to be "investment in the contract" for income tax purposes (see "IX. Federal Tax Matters").

**Matters to Consider About the Payment Enhancement.** There may be circumstances where you may be worse off for having purchased a Contract with a Payment Enhancement as opposed to a Contract without a Payment Enhancement. For example, the higher charges for a Contract with a Payment Enhancement may over time exceed the amount of the Payment Enhancement and any earnings thereon. Before making any allowable Additional Purchase Payments, you and your financial representative should consider:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The length of time that you plan to own your Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The frequency, amount and timing of any partial surrenders; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amount and frequency of your Additional Purchase Payments.

We expect to make a profit from the Payment Enhancement. The charges used to recoup the expense of paying the Payment Enhancement include the withdrawal charge and the asset-based charges (see "VIII. Charges and Deductions").

If you are eligible and would like to make Additional Purchase Payments to a Contract in connection with certain Qualified Plans, then special considerations regarding the Payment Enhancement may apply. Corporate and self-employed pension and profit sharing plans, as well as tax-sheltered annuity plans, are subject to nondiscrimination rules. The nondiscrimination rules generally require that benefits, rights, or features of the plan not discriminate in favor of highly compensated employees. In evaluating whether Additional Purchase Payments to your Contract are suitable in connection with such a Qualified Plan, you should consider the effect of the Payment Enhancement on the plan's compliance with the applicable nondiscrimination requirements. Violation of these nondiscrimination rules can cause loss of the plan's tax favored status under the Code (see "IX. Federal Tax Matters – Other Qualified Plans").

**Additional Charges for the Payment Enhancement Rider.** If you elected the Payment Enhancement Rider, the Separate Account annual expenses are increased by 0.35%. The guaranteed interest rate on Fixed Investment Options is reduced by 0.35%. In addition, each Purchase Payment will be subject to a higher withdrawal charge for a longer period of time. The maximum withdrawal charge if the Payment Enhancement Rider is elected is 8% (as opposed to 6% with no Payment Enhancement Rider) and the withdrawal charge period is 8 years if the Payment Enhancement Rider is elected (as opposed to 7 years with no Payment Enhancement Rider).

*Accumulation Units* 

During the Accumulation Period, we establish an Investment Account for you for each Variable Investment Option to which you allocate a portion of your Contract Value. We credit amounts to those Investment Accounts in the form of "accumulation units" to measure the value of the variable portion of your Contract during the Accumulation Period. We calculate and credit the number of accumulation units in each of your Contract's Investment Accounts by dividing (i) the amount allocated to that Investment Account by (ii) the value of an accumulation unit for that Investment Account we next compute after a purchase transaction is complete.

We usually credit an approved Additional Purchase Payment received by mail or wire transfer that we accept on the Business Day on which it is received in Good Order at our Annuities Service Center. We will promptly return any amount that we do not accept as an Additional Purchase Payment or that is otherwise not in Good Order.

We deduct accumulation units based on the value of an accumulation unit we next compute each time you make a withdrawal or transfer amounts from an Investment Option, and when we deduct certain Contract charges, pay death benefit proceeds, or apply amounts to an Annuity Option.

**Automated Transactions.** Automated transactions include transfers under Dollar Cost Averaging and the Asset Rebalancing Program, pre-scheduled withdrawals or Purchase Payments, Required Minimum Distributions, substantially equal periodic

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payments under section 72(t) or 72(q) of the Code, transactions scheduled to occur on your Contract Anniversary, and annuity payments. Automated transactions are processed and valued as of the date they are scheduled, unless the scheduled day is not a Business Day. In that case, the transaction will be processed and valued on the next Business Day unless, with respect to Required Minimum Distributions, substantially equal periodic payments under section 72(t) or 72(q) of the Code, and annuity payments only, the next Business Day falls in the subsequent calendar year, in which case the transaction will be processed and valued on the prior Business Day.

*Value of Accumulation Units* 

The value of your accumulation units will vary from one Business Day to the next depending upon the investment results of the Investment Options holding Contract assets. We arbitrarily set the value of an accumulation unit for each Subaccount on the first Business Day the Subaccount was established. We determine the value of an accumulation unit for any subsequent Business Day by multiplying (i) the value of an accumulation unit for the immediately preceding Business Day by (ii) the "net investment factor" for that Subaccount (described below) for the Business Day on which the value is being determined. We value accumulation units as of the end of each Business Day. We deem a Business Day to end, for these purposes, at the time a Portfolio determines the net asset value of its shares.

We use a Portfolio share's net asset value at the end of a Business Day to determine the accumulation unit value for a Purchase Payment, withdrawal or transfer transaction *only if*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Purchase Payment transaction is complete before the close of daytime trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time) for that Business Day; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• we receive your request for a withdrawal or transfer of Contract Value at the Annuities Service Center before the close of daytime trading on the New York Stock Exchange for that Business Day.

*Net Investment Factor* 

The net investment factor is an index used to measure the investment performance of a Subaccount over a valuation period. The net investment factor may be greater than, less than or equal to one; therefore, the value of an accumulation unit may increase, decrease or remain the same. The net investment factor for each Subaccount for any valuation period is determined by dividing (a) by (b) and subtracting (c) from the result, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the net asset value per share of a Portfolio share held in the Subaccount determined at the end of the current valuation period, plus any dividends and distributions received per share during the current valuation period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the net asset value per share of a Portfolio share held in the Subaccount determined as of the end of the immediately preceding valuation period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is a factor representing the charges deducted from the Subaccount on a daily basis for Separate Account annual expenses.

*Transfers You May Make Among Investment Options* 

During the Accumulation Period, you may transfer amounts among the Variable Investment Options, subject to the frequent trading restrictions set forth below.

You may make a transfer by providing written notice to us, by telephone or by other electronic means that we may provide through the internet (see "Telephone and Electronic Transactions," below). We will cancel accumulation units from the Investment Account from which you transfer amounts and we will credit accumulation units to the Investment Account to which you transfer amounts. Your Contract Value on the date of the transfer will not be affected by a transfer. We reserve the right to require your transfers to be at least $300 or, if less, the entire value of the Investment Account. If after the transfer the amount remaining in the Investment Account is less than $100, then we may transfer the entire amount instead of the requested amount.

Currently, we do not impose a charge for transfer requests. The first twelve transfers in a Contract Year are free of any transfer charge. For each additional transfer in a Contract Year, we do not currently assess a charge but we reserve the right (to the extent permitted by your Contract) to assess a reasonable charge (not to exceed the lesser of $25 or 2% of the amount transferred) to reimburse us for the expenses of processing transfers.

**Frequent Transfer Restrictions.** Investment Options in variable annuity and variable life insurance products can be a target for abusive transfer activity because these products value their Investment Options on a daily basis and allow transfers among

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Investment Options without immediate tax consequences. As a result, some investors may seek to transfer frequently into and out of Variable Investment Options in reaction to market news or to exploit some perceived pricing inefficiency. Whatever the reason, frequent transfer activity can harm long-term investors in a Variable Investment Option because such activity may expose a Variable Investment Option's underlying Portfolio to increased Portfolio transaction costs and/or disrupt the Portfolio manager's ability to effectively manage a Portfolio in accordance with its investment objective and policies, both of which may result in dilution with respect to interests held for long-term investment.

To discourage disruptive frequent trading activity, we have adopted a policy for each Separate Account to restrict transfers you make to two per calendar month per Contract, with certain exceptions, and have established procedures to count the number of transfers made under a Contract. Under the current procedures of the Separate Accounts, we count all transfers made during each Business Day as a **single** transfer. We do **not** count: (a) scheduled transfers made pursuant to our Dollar Cost Averaging program or our Asset Rebalancing Program, (b) transfers from a Fixed Investment Option at the end of its guarantee period, (c) transfers made within a prescribed period before and after a substitution of underlying Portfolios, or (d) transfers made during the Pay-out Period (these transfers are subject to a 30-day notice requirement, however, as described below in "Pay-out Period Provisions – Transfers During Pay-out Period"). Under each Separate Account's policy and procedures, a Contract Owner may transfer Contract Value to the Ultra Short Term Bond Investment Option even if the Contract Owner reaches the two-transfers-per-month limit, as long as 100% of the Contract Value in all Variable Investment Options is transferred to the Ultra Short Term Bond Investment Option. If such a transfer to the Ultra Short Term Bond Investment Option is made, for a 30-calendar day period after such transfer, a Contract Owner may not make any subsequent transfers from the Ultra Short Term Bond Investment Option to another Variable Investment Option. We apply each Separate Account's policy and procedures uniformly to all Contract Owners.

In addition to the transfer restrictions that we impose, the John Hancock Variable Insurance Trust also has adopted policies under Rule 22c-2 of the 1940 Act to detect and deter abusive short term trading. Accordingly, a Portfolio may require us to impose trading restrictions if it discovers violations of its frequent short-term trading policy. We will provide tax identification numbers and other Contract Owner transaction information to a Portfolio upon request, which it may use to identify any pattern or frequency of activity that violates its short-term trading policy.

We reserve the right to take other actions to restrict trading, including, but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• restricting the number of transfers made during a defined period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• restricting the dollar amount of transfers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• restricting the method used to submit transfers (e.g., requiring transfer requests to be submitted in writing via U.S. mail); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• restricting transfers into and out of certain Subaccount(s).

In addition, we reserve the right to defer a transfer at any time we are unable to purchase or redeem shares of the Portfolios (see "Withdrawals" in this section, below, for details on what suspensions of redemptions may be permissible). We also reserve the right to modify or terminate the transfer privilege at any time (to the extent permitted by applicable law).

While we seek to identify and prevent disruptive frequent trading activity, it is not always possible to do so. Therefore, we cannot provide assurance that the restrictions we impose will be successful in restricting disruptive frequent trading activity and avoiding harm to long-term investors.

*Maximum Number of Investment Options* 

There is no limit on the number of Investment Options to which you may allocate Purchase Payments.

*Telephone and Electronic Transactions* 

We permit you to request transfers by telephone. You may also apply to request withdrawals by telephone or if eligible, electronically through your registered online account. We additionally encourage you to access information about your Contract, request transfers and perform some transactions electronically through the internet. If you have not done so, we encourage you to register for electronic delivery of your transaction confirmations. Please contact us at the telephone number or internet address shown on the back cover of this Prospectus for more information on electronic transactions.

To access information and perform electronic transactions through our website, you will be required to create an account with a username and password, and maintain a valid e-mail address. You may also authorize other people to make certain

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transaction requests by telephone by sending us instructions in a form acceptable to us. If you register for electronic delivery, we keep your personal information confidential and secure, and we do not share this information with outside marketing agencies.

We are not liable for following instructions communicated by telephone or electronically that we reasonably believe to be genuine. We employ reasonable procedures to confirm that instructions we receive are genuine. Our procedures require you to provide information to verify your identity when you call us and we record all conversations with you. When someone contacts us by telephone and follows our procedures, we assume that you are authorizing us to act upon those instructions. For electronic transactions through the internet, you need to provide your username and password. You are responsible for keeping your password confidential and must notify us of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any loss or theft of your password; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any unauthorized use of your password.

We may be liable for any losses due to unauthorized or fraudulent instructions only where we fail to employ our procedures properly.

All transaction instructions we receive by telephone or electronically will be followed by either a hardcopy or electronic delivery of a transaction confirmation. Transaction instructions we receive by telephone or electronically before the close of any Business Day, will usually be effective at the end of that day. Your ability to access or transact business electronically may be limited due to circumstances beyond our control, such as system outages, or during periods when our telephone lines or our website may be busy. We may, for example, experience unusual volume during periods of substantial market change.

We may suspend, modify or terminate our telephone or electronic transaction procedures at any time. We may, for example, impose limits on the maximum Withdrawal Amount available to you through a telephone transaction. Also, as stated earlier in this Prospectus, we have imposed restrictions on transfers and reserve the right to take other actions to restrict trading, including the right to restrict the method used to submit transfers (e.g., by requiring transfer requests to be submitted in writing via U.S. mail). We also reserve the right to suspend or terminate the transfer privilege altogether with respect to anyone who we feel is abusing the privilege to the detriment of others.

*Special Transfer Services – Dollar Cost Averaging Program* 

We administer a Dollar Cost Averaging ("DCA") program (offered in all states). If you entered into a DCA agreement, you may have elected, at no cost, to automatically transfer on a monthly basis a predetermined dollar amount from any Variable Investment Option, or, if available, from a Fixed Investment Option we permitted for this purpose (the "DCA Source Investment Option"), to other Variable Investment Options (the "Destination Investment Options"), until the amount in the DCA Source Investment Option is exhausted. You may make Additional Purchase Payments (if not otherwise restricted) while you are enrolled in a DCA program. If you do not provide us with express written allocation instructions for these Additional Purchase Payments, no amounts will be allocated into your DCA Source Investment Option. Instead, they will be allocated among the Destination Investment Options according to the allocation you selected upon enrollment in the DCA program.

The DCA program allows investments to be made in equal installments over time in an effort to reduce the risk posed by market fluctuations. Therefore, you may achieve a lower purchase price over the long-term by purchasing more accumulation units of a particular Subaccount when the unit value is low, and less when the unit value is high. However, the DCA program does not guarantee profits or prevent losses in a declining market and requires regular investment regardless of fluctuating price levels. In addition, the DCA program does not protect you from market fluctuations in your DCA Source Investment Option. If you are interested in the DCA program, you may elect to participate in the program on a separate authorization form and obtain full information concerning the program and its restrictions from your financial representative or our Annuities Service Center. You may elect out of the DCA program at any time. There is no charge for participation in the DCA program.

You should consult with your financial representative to assist you in determining whether the DCA program is suited for your financial needs and investment risk tolerance.

*Special Transfer Services – Asset Rebalancing Program* 

We administer an Asset Rebalancing Program which enables you to specify the allocation percentage levels you would like to maintain in particular Investment Options. We automatically rebalance your Contract Value pursuant to the schedule described below to maintain the indicated percentages by transfers among the Investment Options. (Fixed Investment Options

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are not eligible for participation in the Asset Rebalancing Program.) You must include your entire value in the Variable Investment Options in the Asset Rebalancing Program. Other investment programs, such as the DCA program, or other transfers or withdrawals may not work in concert with the Asset Rebalancing Program. Therefore, you need to monitor your use of these other programs and any other transfers or withdrawals while the Asset Rebalancing Program is being used. If you are interested in the Asset Rebalancing Program, you may obtain a separate authorization form and full information concerning the program and its restrictions from your financial representative or our Annuities Service Center. There is no charge for participation in the Asset Rebalancing Program, which was offered in all states.

For rebalancing programs begun on or after October 1, 1996, we permit asset rebalancing only on the following time schedules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• quarterly on the 25th day of the last month of the calendar quarter (or the next Business Day if the 25th is not a Business Day);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• semi-annually on June 25th and December 26th (or the next Business Day if these dates are not Business Days); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• annually on December 26th (or the next Business Day if December 26th is not a Business Day).

Rebalancing will continue to take place on the last Business Day of every calendar quarter for rebalancing programs begun prior to October 1, 1996.

*Withdrawals* 

During the Accumulation Period, you may withdraw all or a portion of your Contract Value upon written request (complete with all necessary information) to the Annuities Service Center. You may make withdrawals by telephone, as described above under "Telephone and Electronic Transactions." For certain Qualified Contracts, exercise of the withdrawal right may require the consent of the Qualified Plan participant's Spouse under the Code. In the case of a total withdrawal, we will pay the Contract Value as of the date of receipt of the request at our Annuities Service Center, minus any Unpaid Loans and any applicable withdrawal charge, Rider charge, administrative fee, or tax. We will then cancel the Contract. In the case of a partial withdrawal, we will pay the amount requested and cancel accumulation units credited to each Investment Account equal in value to the Withdrawal Amount from that Investment Account.

When making a partial withdrawal, you may specify the Investment Options from which the withdrawal is to be made. The Withdrawal Amount requested from an Investment Option may not exceed the value of that Investment Option minus any applicable withdrawal charge. If you do not specify the Investment Options from which a withdrawal is to be taken, we take the withdrawal proportionally from all of your Variable Investment Options until exhausted, and then from the Fixed Investment Options beginning with the shortest guarantee period first and ending with the longest guarantee period last. For rules governing the order and manner of withdrawals from the Fixed Investment Options, see "Fixed Investment Options."

We do not permit you to apply any amount less than your entire Contract Value to the Annuity Options available under your Contract. If you want to use a part of your Contract Value to purchase an immediate annuity contract, you must make a withdrawal request, which will be subject to any applicable withdrawal charge. Such a withdrawal may also have tax consequences.

There is no limit on the frequency of withdrawals; however, the amount withdrawn must be at least $300 or, if less, the entire balance in the Investment Option. If after the withdrawal (and deduction of any applicable withdrawal charge) the amount remaining in the Investment Option is less than $100, we reserve the right to treat the withdrawal as a withdrawal of the entire amount held in the Investment Option. If the Withdrawal Amount would reduce the Contract Value to less than $300 or the remaining withdrawal charge, if greater, we generally treat the withdrawal as a total withdrawal of the Contract Value. We currently enforce these Contract minimum restrictions only for Contracts that do not have a guaranteed minimum withdrawal benefit Rider or, where applicable, a guaranteed minimum income benefit Rider. We reserve the right to enforce these restrictions for other Contracts in the future.

When we receive a withdrawal request in Good Order at our Annuities Service Center, we will pay the amount of any withdrawal from the Variable Investment Options promptly, and in any event within seven calendar days of receipt of the request. We reserve the right to defer the right of withdrawal or postpone payments for any period when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the New York Stock Exchange is closed (other than customary weekend and holiday closings);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• trading on the New York Stock Exchange is restricted;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an emergency exists, as determined by the SEC, as a result of which disposal of securities held in a Separate Account is not reasonably practicable or it is not reasonably practicable to determine the value of the Separate Accounts' net assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• pursuant to SEC rules, the Money Market Subaccount suspends payment of redemption proceeds in connection with a liquidation of the underlying Portfolio; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the SEC, by order, so permits for the protection of security holders.

Applicable rules and regulations of the SEC shall govern as to whether trading is restricted or an emergency exists.

**Impact of Divorce.** In the event that you and your Spouse become divorced, we will treat any request to reduce or divide benefits under a Contract as a request for a withdrawal of Contract Value. The transaction may be subject to any applicable tax or withdrawal charge. Also, for Contracts issued with an optional guaranteed minimum withdrawal benefit Rider, your guarantee may be reduced.

**Tax Considerations.** Withdrawals from the Contract may be subject to income tax and a 10% penalty tax. Withdrawals are permitted from Contracts issued in connection with Section 403(b) Plans only under limited circumstances (see "IX. Federal Tax Matters – Other Qualified Plans").

*Signature Guarantee Requirements for Surrenders and Withdrawals* 

*(Not applicable to Contracts issued in New Jersey)\** 

We may require that you provide a signature guarantee on a withdrawal or surrender request in the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you are requesting that we mail the amount withdrawn to an alternate address; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you have changed your address within 15 days of the withdrawal or surrender request; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you have changed the ownership within 15 days of the withdrawal or surrender request; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you are requesting a withdrawal or surrender in the amount of $250,000 or greater.

We must receive the original signature guarantee on your withdrawal or surrender request. We do not accept copies or faxes of a signature guarantee. You may obtain a signature guarantee at most banks, financial institutions or credit unions. A notarized signature is not the same as a signature guarantee and does not satisfy this requirement. There may be circumstances, of which we are not presently aware, in which we would not impose a signature guarantee on a surrender or withdrawal as described above.

*\*For New Jersey residents, we do not require a signature guarantee to process a withdrawal and send to the address of record, but we will not send the withdrawal payment via EFT unless we receive a signature guarantee.* 

*Special Withdrawal Services – The Income Plan* 

We administer an Income Plan ("IP") that permits you to pre-authorize a periodic exercise of the Contractual withdrawal rights described above. After entering into an IP agreement, you may instruct us to withdraw a level dollar amount from specified Investment Options on a periodic basis. We limit the total of IP withdrawals in a Contract Year to not more than 10% of the Purchase Payments made (to ensure that no withdrawal or market value charge, where applicable, will ever apply to an IP withdrawal). If additional withdrawals outside the IP program are taken from a Contract in the same Contract Year in which an IP program is in effect, IP withdrawals taken after the withdrawal charge–free Withdrawal Amount has been exceeded are subject to a withdrawal charge, where applicable. The IP is not available to Contracts for which Purchase Payments are being automatically deducted from a bank account on a periodic basis. IP withdrawals will be free of market value charges, where applicable. We reserve the right to suspend your ability to make Additional Purchase Payments while you are enrolled in an IP. IP withdrawals, like other withdrawals, may be subject to income tax and a 10% penalty tax. If you are interested in an IP, you may obtain a separate authorization form and full information concerning the program and its restrictions from your financial representative or our Annuities Service Center. There is no charge for participation in the IP program, which was offered in all states.

*Special Withdrawal Services - The Income Made Easy Program* 

Our Income Made Easy Program provides you with an automatic way to access guaranteed withdrawal amounts if you purchased a GMWB Rider with a Contract. There is no charge for participation in this program. Please read "Pre-authorized Withdrawals – The Income Made Easy Program" in Appendix C for more information.

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*Benefits Available Under the Contract* 

The following table summarizes information about the benefits available under the Contract.

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|:---|:---|:---|:---|:---|
| **Name of**<br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard**<br> **or Optional?**<br>| **Maximum**<br> **Fee**<br>| **Brief**<br> **Description of**<br> **Restrictions/Limitations**<br>|
| Dollar Cost <br> Averaging <br> ("DCA")<br>| Under the DCA program, you <br> designate an amount that is <br> transferred monthly from one <br> variable or fixed investment account <br> into any other variable investment <br> account.<br>| Standard | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●DCA Fixed Investment Options <br> may not always be available. You <br> may elect out of the DCA <br> program at any time.<br>●Offered in all states. |
| Asset <br> Rebalancing <br> Program<br>| Under the asset allocation <br> rebalancing program, you designate <br> a percentage allocation of Contract <br> Value among variable investment <br> accounts. We automatically transfer <br> amounts among the variable <br> investment accounts at intervals you <br> select (annually, semi- annually, <br> quarterly, or monthly) to reestablish <br> your chosen allocation.<br>| Standard | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●We reserve the right to cease this <br> program after written notice to <br> you.<br>●Offered in all states. |
| The Income Plan | The Income Plan ("IP") permits you <br> to pre-authorize a periodic exercise <br> of the Contract's withdrawal rights <br> by instructing us to withdraw a level <br> dollar amount from specified <br> Investment Options on a periodic <br> basis.<br>| Optional | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●Income Plan withdrawals may be <br> limited and may incur withdrawal <br> charges<br>●We reserve the right to suspend <br> your ability to make Additional <br> Purchase Payments while you are <br> enrolled in an IP. IP withdrawals, <br> like other withdrawals, may be <br> subject to income tax and a 10% <br> penalty tax.<br>●Offered in all states. |
| Death Benefit | If the Owner dies before the Annuity <br> Commencement Date, the Death <br> Benefit will be the greater of the <br> Contract Value or the Minimum <br> Death Benefit, less any Debt.<br>If the Annuitant dies during the Pay-<br> out Period after an Annuity Option <br> has been selected, and, we make the <br> remaining guaranteed payments to <br> the Beneficiary.<br>| Standard | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●Available during Accumulation <br> Period.<br>●Death benefit is net of any <br> outstanding loan balance.<br>●We do not make any payments to <br> a Beneficiary if the last surviving <br> Covered Person dies while we are <br> making payments under an <br> Annuity Option providing only <br> for payments for life, or payments <br> during the Settlement Phase <br> under an optional GMWB Rider.<br>|
| Waiver of <br> Applicable <br> Withdrawal <br> Charge – <br> Confinement to <br> Eligible Nursing <br> Home<br>| Any applicable withdrawal charge <br> will be waived on a total withdrawal <br> prior to the Maturity Date if <br> confined to an Eligible Nursing <br> Home.<br>| Optional | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●For Contracts issued on or after <br> May 1, 2002.<br>●Not offered in MA and NY. |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of**<br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard**<br> **or Optional?**<br>| **Maximum**<br> **Fee**<br>| **Brief**<br> **Description of**<br> **Restrictions/Limitations**<br>|
| Income Made <br> Easy Program<br>| Provides payment of an income for <br> the lifetime of the Covered Person.<br>| Optional | No charge | &nbsp;&nbsp;&nbsp;&nbsp; ●Requires a GMWB Rider with a <br> Contract.<br>●Offered in all states. |
| Enhanced <br> Earnings Death <br> Benefit<br>| Provides a payment equal to 40% of <br> the appreciation in the Contract <br> Value (i.e., the Contract Value less <br> the sum of all Purchase Payments, <br> reduced proportionally by any <br> amount deducted in connection with <br> withdrawals) upon the death of any <br> Contract Owner if the oldest Owner <br> is 69 or younger at issue, and 25% if <br> the oldest Owner is 70 or older at <br> issue.<br>| Optional | 0.20% (of the <br> value of the <br> Variable <br> Investment <br> Options)<br>| ●Only available at issue.<br> ●Not offered in NY and WA. |
| Annual Step-Up <br> Death Benefit<br>| Guarantees a minimum death benefit <br> up to the Maturity Date based on the <br> Contract's highest "Anniversary <br> Value" that may be achieved before <br> you (or any joint Owner) reach 81 <br> years old.<br>| Optional | 0.20% (of the <br> value of the <br> Variable <br> Investment <br> Options)<br>| &nbsp;&nbsp;&nbsp;&nbsp; ●The Annual Step-Up Death <br> Benefit was available only with <br> Principle Plus for Life Riders and <br> only if you (and every joint <br> Owner) were under age 80 when <br> we issued the Contract. <br>●The Rider cannot be revoked once <br> elected.<br>|
| Accelerated <br> Beneficiary <br> Protection Death <br> Benefit<br>| Provides a death benefit upon the <br> death of any Owner prior to the <br> Maturity Date, equal to the <br> "Enhanced Earnings Death Benefit" <br> factor plus the greatest of: the <br> Contract Value; the Return of <br> Purchase Payments Death Benefit <br> Factor; the Annual Step-Up Death <br> Benefit Factor; or the Graded Death <br> Benefit Factor (defined in Appendix <br> B of the Prospectus).<br>| Optional | 0.50% (of the <br> Benefit <br> payable had <br> death occurred <br> on each <br> Contract <br> Anniversary)<br>| &nbsp;&nbsp;&nbsp;&nbsp; ●Only available at issue.<br> ●The Owner may only be changed <br> to an individual that is the same <br> age or younger than the oldest <br> current Owner.<br>●We reserve the right to restrict <br> Investment Options available with <br> this Rider at any time.<br>●Not offered in NY and WA. |
| Guaranteed <br> Minimum <br> Withdrawal <br> Benefit <br> ("GMWB") <br> Riders<br>| Lifetime Income Amount type of <br> benefit provides a guarantee of a <br> minimum amount available for <br> annual withdrawals for the duration <br> of a single lifetime, or for the <br> duration of two ("joint") lifetimes. <br> Guaranteed Withdrawal Amount <br> type of benefit provides a guarantee <br> of a minimum amount available for <br> annual withdrawals that will last for <br> a period of time measured by a <br> Benefit Base. The Rider may <br> provide either or both types of <br> benefits.<br>The GMWB Riders we have offered <br> are:<br>| Optional |  | &nbsp;&nbsp;&nbsp;&nbsp; ●Only available at issue.<br> ●The GMWB Rider fees are listed <br> in APPENDIX C and are <br> deducted on each Contract <br> Anniversary.<br>●We reserve the right to increase <br> the fee on the effective date of <br> each Step-Up.<br>●The Investment Options available <br> under GMWB Riders are <br> restricted.<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of**<br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard**<br> **or Optional?**<br>| **Maximum**<br> **Fee**<br>| **Brief**<br> **Description of**<br> **Restrictions/Limitations**<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; ●Income Plus For Life<sup>®</sup> (Annual <br> Step-Up Review)<br>|  | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states. |
|  | &nbsp;&nbsp;&nbsp;&nbsp; ●Income Plus For Life –Joint <br> Life<sup>®</sup> Plus (Annual Step-Up <br> Review)<br>|  | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states except NY. |
|  | &nbsp;&nbsp;&nbsp;&nbsp; ●Income Plus For Life<sup>®</sup> (Quarterly <br> Step-Up Review)<br>|  | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states. |
|  | &nbsp;&nbsp;&nbsp;&nbsp; ●Income Plus For Life – Joint <br> Life<sup>®</sup> (Quarterly Step-Up <br> Review))<br>|  | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states. |
|  | ●Income Plus For Life<sup>®</sup> 12.08; |  | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states. |
|  | ●Income Plus For Life – Joint Life <br> <sup>®</sup>12.08<br>|  | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states. |
|  | &nbsp;&nbsp;&nbsp;&nbsp; ●Income Plus For Life – Joint <br> Life<sup>®</sup> (Annual Step-Up Review);<br>|  | 1.20% (of the <br> Adjusted <br> Benefit Base)<br>| Offered in all states except NY. |
|  | &nbsp;&nbsp;&nbsp;&nbsp; ●Principal Plus For Life Plus <br> Automatic Annual Step-Up<br>|  | 1.20% (of the <br> Adjusted <br> Guaranteed <br> Withdrawal <br> Balance)<br>| Offered only in NY. |
|  | &nbsp;&nbsp;&nbsp;&nbsp; ●Principal Plus for Life (formerly <br> known as "Guaranteed Principal <br> Plus for Life")<br>|  | 0.75% (of the <br> Adjusted <br> Guaranteed <br> Withdrawal <br> Balance)<br>| Offered in all states. |
|  | &nbsp;&nbsp;&nbsp;&nbsp; ●Principal Plus (formerly known as <br> "Guaranteed Principal Plus")<br>|  | 0.75% (of the <br> Adjusted <br> Guaranteed <br> Withdrawal <br> Balance)<br>| Offered in all states. |
|  | ●Principal Returns |  | 0.95% (of the <br> Adjusted <br> Guaranteed <br> Withdrawal <br> Balance)<br>| Offered in all states. |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of**<br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard**<br> **or Optional?**<br>| **Maximum**<br> **Fee**<br>| **Brief**<br> **Description of**<br> **Restrictions/Limitations**<br>|
| Guaranteed <br> Minimum <br> Income Benefit <br> ("GMIB") Riders | Guarantees a minimum lifetime <br> fixed income benefit in the form of <br> fixed monthly annuity payments.<br>The GMIB Riders we have offered <br> are:<br>| Optional |  | Only available at issue. |
| Guaranteed <br> Minimum <br> Income Benefit <br> ("GMIB") Riders | &nbsp;&nbsp;&nbsp;&nbsp; ●Guaranteed Retirement Income <br> Benefit II<br>| Optional | 0.45% (of the <br> Income Base <br> in effect on <br> each Contract <br> Anniversary)<br>| Offered in all states. |
| Guaranteed <br> Minimum <br> Income Benefit <br> ("GMIB") Riders | &nbsp;&nbsp;&nbsp;&nbsp; ●Guaranteed Retirement Income <br> Benefit III<br>| Optional | 0.50% (of the <br> Income Base <br> in effect on <br> each Contract <br> Anniversary)<br>| Offered in all states except NY. |
| Payment <br> Enhancement<br>| Credits a Payment Enhancement <br> equal to 4% (5% for Contracts <br> issued between July 12 and October <br> 30, 2004) of the Purchase Payment <br> and allocates it among Investment <br> Options in the same proportions as <br> your Purchase Payments.<br>| Optional | 0.35% (of the <br> Variable <br> Investment <br> Options)<br>| &nbsp;&nbsp;&nbsp;&nbsp; ●Subject to a higher withdrawal <br> charge and for a longer period of <br> time. Could only be elected at <br> Contract issue, and cannot be <br> revoked once elected.<br>●The initial Purchase Payment <br> must have been at least $10,000 <br> to elect the Purchase <br> Enhancement Rider.<br>●Offered only in NY. |

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*Optional Guaranteed Minimum Withdrawal Benefits* 

Please see Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for a general description of the Principal Plus (formerly known as "Guaranteed Principal Plus") and Principal Plus for Life (formerly known as "Guaranteed Principal Plus for Life") optional benefit Riders that may provide guaranteed minimum withdrawal benefits under the Contract you purchased. In addition, Appendix C includes a general description of the Income Plus For Life<sup>®</sup> Series, Principal Plus for Life Plus Automatic

Annual Step-Up, and Principal Returns optional benefits Riders for which you may have been eligible to exchange a previously purchased guaranteed minimum withdrawal benefit Rider. We currently do not make any of our GMWB Riders available for purchase or exchange to existing Contract Owners. Under these optional benefit Riders, we guarantee that you may withdraw a percentage of your investment each year, even if your Contract Value reduces to zero. We increase the amounts we guarantee by a Credit (also referred to as a "Bonus") if you choose not to make any withdrawals at all during certain Contract Years. Depending on market performance, you may also be able to increase or "step up" the amounts we guarantee on certain dates. If you withdraw more than a guaranteed annual amount, however, we reduce the amounts we guarantee for future withdrawals.

*Death Benefit During Accumulation Period* 

The Contracts described in this Prospectus generally provide for distribution of death benefits if the Owner dies before the Annuity Commencement Date.

**Amount of Death Benefit.** If any Owner dies, the Death Benefit payable under the Contract will be the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Minimum Death Benefit.

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If there is any Debt, the Death Benefit equals the amount described above less the Debt under the Contract. If the oldest Owner was less than 81 years old on the Contract Date, the Minimum Death Benefit will be determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• During the first Contract Year, the Minimum Death Benefit will be the sum of all Purchase Payments made, less any amount deducted in connection with withdrawals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• During any subsequent Contract Year, the Minimum Death Benefit will be the greater of (i) or (ii), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) is the sum of all Purchase Payments made, less any amount deducted in connection with withdrawals; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) is the greatest Anniversary Value prior to the oldest Owner's turning age 81.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Anniversary Value is equal to the Contract Value on a Contract Anniversary, increased by all Purchase Payments made, less any amount deducted in connection with withdrawals, since that Contract Anniversary.

If the oldest Owner is age 81 or greater on the Contract Date, the Minimum Death Benefit will be the sum of all Purchase Payments made, less any amount deducted in connection with withdrawals.

The amount deducted in connection with withdrawals will be on a pro rata basis and will be equal to (i) multiplied by (ii) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) is equal to the death benefit prior to the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

**Payment of Death Benefit.** The determination of the death benefit will be made on the date we receive written notice and "proof of death," as well as all required claims forms in Good Order from all Beneficiaries, at our Annuities Service Center. No one is entitled to the death benefit until this time. Proof of death occurs when we receive one of the following at our Annuities Service Center:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a certified copy of a death certificate; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a certified copy of a decree of a court of competent jurisdiction as to the finding of death; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any other proof satisfactory to us.

If any Owner is not a natural person, the death of any Annuitant will be treated as the death of an Owner. On the death of the last surviving Annuitant, the Owner, if a natural person, will become the Annuitant unless the Owner designates another person as the Annuitant.

**Distribution of Death Benefits.** The following discussion applies principally to distribution of death benefits upon the death of an Owner under Contracts that were not issued in connection with Qualified Plans, i.e., Nonqualified Contracts. Tax law requirements applicable to Qualified Plans, including IRAs, and the tax treatment of amounts held and distributed under such plans, are quite complex. Accordingly, if your Contract is used in connection with a Qualified Plan, please seek competent legal and tax advice regarding requirements governing the distribution of benefits, including death benefits, under the plan.

In designating Beneficiaries you may impose restrictions on the timing and manner of payment of death benefits. The description of death benefits in this Prospectus does not reflect any of the restrictions that could be imposed, and it should be understood as describing what will happen if the Contract Owner chooses not to restrict death benefits under the Contract. If the Contract Owner imposes restrictions, those restrictions will govern payment of the death benefit to the extent permitted by the Code and by Treasury Department regulations.

We will pay the death benefit to the Beneficiary if any Contract Owner dies before the earlier of the Maturity Date or the Annuity Commencement Date. If there is a surviving Contract Owner, that Contract Owner will be deemed to be the Beneficiary. No death benefit is payable on the death of any Annuitant, except that if any Owner is not a natural person, the death of any Annuitant will be treated as the death of an Owner. On the death of the last surviving Annuitant, the Owner, if a natural person, will become the Annuitant unless the Owner designates another person as the Annuitant.

Upon request, the death benefit proceeds may be taken in the form of a lump sum. In that case, we will pay the death benefits within seven calendar days of the date that we determine the amount of the death benefit, subject to postponement under the same circumstances for which payment of withdrawals may be postponed (see "Withdrawals" above). Beneficiaries who opt for a lump sum payout of their portion of the death benefit may choose to receive the funds either in a single check or wire transfer or in a John Hancock Safe Access Account ("JHSAA"). Similar to a checking account, the JHSAA provides the Beneficiary access to the payout funds via a checkbook, and account funds earn interest at a variable interest rate. Any interest paid may be taxable. The Beneficiary can obtain the remaining death benefit proceeds in a single sum at any time by

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cashing one check for the entire amount. The Beneficiary may draw a check on the JHSAA that is payable to himself/herself as well as to other persons or parties. Note, however, that a JHSAA is not a true checking account, but is solely a means of distributing the Contract's death benefit. The Beneficiary can make only withdrawals, and not deposits. The JHSAA is part of our General Account; it is not a bank account and it is not insured by the FDIC or any other government agency. As part of our General Account, it is subject to the claims of our creditors. We receive a benefit from all amounts left in the JHSAA.

If the Beneficiary does not choose a form of payment, or the death benefit payable upon the death of an Owner is not taken immediately, the Contract continues, subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Beneficiary becomes the Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We allocate any excess of the death benefit over the Contract Value to the Owner's Investment Accounts in proportion to their relative values on the date of receipt by us of due proof of the Owner's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No Additional Purchase Payments may be made (even if the Beneficiary is a surviving Spouse).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We waive withdrawal charges for all future distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the deceased Owner's Beneficiary is a surviving Spouse, he or she may continue the Contract as the new Owner without triggering adverse federal tax consequences. In such a case, the distribution rules applicable when a Contract Owner dies will apply when the Spouse, as the Owner, dies. In addition, a death benefit will be paid upon the death of the Spouse. For purposes of calculating the death benefit payable upon the death of the Spouse (excluding any optional benefits), we will treat the death benefit paid upon the first Owner's death as a Purchase Payment to the Contract. In addition, all Purchase Payments made and all amounts deducted in connection with withdrawals prior to the date of the first Owner's death will be excluded from consideration in the determination of the Spouse's death benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If the Beneficiary is not the deceased Owner's Spouse, distribution of the Owner's entire interest in the Contract must be made within five years of the Owner's death, or alternatively, an individual Beneficiary may take distributions as an annuity, under one of the Annuity Options described below, which begins within one year after the Owner's death and is payable over the life of the Beneficiary or over a period not extending beyond the life expectancy of the Beneficiary (see "Annuity Options" below). Note: we continue to assess the mortality and expense risks charge during this period, even though we bear only the expense risk and not any mortality risk (see "VIII. Charges and Deductions – Mortality and Expense Risks Fee"). If distribution is not made within five years and the Beneficiary has not specified one of the above forms of payment, we will distribute a lump sum cash payment of the Beneficiary's portion of the death benefit. Also, if distribution is not made as an annuity, upon the death of the Beneficiary, any remaining death benefit proceeds will be distributed immediately in a single sum cash payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Alternatively, if the Contract is not a Qualified Contract, an individual Beneficiary may take distribution of the Owner's entire interest in the Contract as a series of withdrawals over the Beneficiary's life expectancy, beginning one year after the Owner's death. If this form of distribution is selected, the Beneficiary may not reduce or stop the withdrawals, but may in any year withdraw more than the required amount for that year. If life expectancy withdrawals have been selected and the initial Beneficiary dies while value remains in the Contract, a successor Beneficiary may either take a lump sum distribution of the remaining balance or continue periodic withdrawals according to the original schedule based on the initial Beneficiary's life expectancy.

We may change the way we calculate the death benefit if you substitute or add any Contract Owner. If we do, the new death benefit will equal the Contract Value as of the date of the ownership change. We will also treat the Contract Value on the date of the change as a "Purchase Payment" made on that date for any subsequent calculations of the death benefit prior to the Annuity Commencement Date, and we will not consider any Purchase Payments made and any amounts deducted in connection with withdrawals prior to the date of the ownership change in our determination of the death benefit. We will not change the way we calculate the death benefit if the person whose death will cause the death benefit to be paid is the same after the ownership change or if you transfer ownership to the Owner's Spouse.

A change of Contract Owner may be a taxable event if the Owner or co-Owner before the change is an individual and the new Owner or co-Owner is not a Spouse of the previous Owner (or co-Owner). Please consult with your own qualified tax professional for further information relevant to your situation.

*Optional Enhanced Death Benefits* 

Please see Appendix B: "Optional Enhanced Death Benefits" for a general description of the following optional benefit Riders that may enhance death benefits under the Contract you purchased. For Contracts issued in connection with a

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Qualified Plan, including an IRA, the Internal Revenue Code may now limit the availability of certain "Optional Enhanced Death Benefits" for certain classes of Beneficiaries.

**Enhanced Earnings Death Benefit.** *(Not available in New York or Washington.)* Under the Enhanced Earnings Rider, John Hancock USA guarantees that upon the death of any Contract Owner prior to the Maturity Date, John Hancock USA will increase the death benefit otherwise payable under the Contract by a percentage of earnings, up to a maximum amount. Under the Enhanced Earnings Rider, John Hancock USA increases the death benefit by 40% of the appreciation in the Contract Value upon the death of any Contract Owner if you (and every joint Owner) were less than 70 years old when we issued a Contract, and by 25% of the appreciation in the Contract Value if you (or any joint Owner) were 70 or older at issue. John Hancock USA reduces the "appreciation in the Contract Value" proportionally in connection with withdrawals of Contract Value and, in the case of certain Qualified Contracts, by the amount of any Unpaid Loans under a Contract. The Enhanced Earnings Death Benefit was available only at Contract issue and cannot be revoked once elected.

**Accelerated Beneficiary Protection Death Benefit.** *(Not available in New York or Washington)* John Hancock USA offered the Accelerated Beneficiary Protection Death Benefit Rider between December 2003 and December 2004. The Accelerated Beneficiary Protection Death Benefit provides a guaranteed death benefit amount which can be increased or decreased as provided in the Rider. The Accelerated Beneficiary Protection Death Benefit replaces any other death benefit under the Contract. The Accelerated Beneficiary Protection Death Benefit Rider was available only at Contract issue. It cannot be revoked if you elected it. Once the Accelerated Beneficiary Protection Death Benefit is elected, the Owner may only be changed to an individual who is the same age or younger than the oldest current Owner.

**Pay-out Period Provisions** 

*General* 

Generally, the Contracts contain provisions for the commencement of annuity payments to the Annuitant up to the Contract's Maturity Date (the "Annuity Commencement Date" is the first day of the Pay-out Period). The Maturity Date is the date shown on your Contract's specifications page, unless we have approved a change. For John Hancock USA Contracts, there is no contractual limit on when the earliest Annuity Commencement Date may be set. For John Hancock New York Contracts, the earliest allowable Annuity Commencement Date is one year from the Contract Date. If no date is specified, the Maturity Date is the first day of the month following the later of the 90th birthday of the oldest Annuitant or the tenth Contract Anniversary ("Default Maturity Date"). You may request a different Maturity Date at any time, by written request or by telephone at the number listed on the back cover of this Prospectus, at least one month before both the current and new Maturity Dates. You may also be able to change your Maturity Date on our website, www.jhannuities.com, if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you are registered on the website, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract is active, and not owned by a custodian or continued by a surviving Spouse or Beneficiary.

Under our current administrative procedures, the new Maturity Date may not be later than the Default Maturity Date unless we consent otherwise.

Annuity Commencement and Maturity Dates which occur when the Annuitant is at an advanced age, e.g., past age 90, may have adverse income tax consequences. Please consult with your own qualified tax professional for information about potential adverse tax consequences for such Maturity Dates. For Qualified Contracts, distributions may be required before the Maturity Date (see "IX. Federal Tax Matters – General Information Regarding Qualified Contracts – Required Minimum Distributions").

**Notice of Maturity Date.** We will send you one or more notices at least 30 days before your scheduled Maturity Date and request that you verify information we currently have on file. If you do not choose an Annuity Option, do not make a total withdrawal of the Surrender Value, or do not ask us to change the Maturity Date to a later date, we will provide as a default an Annuity Option in the form of a life annuity with monthly payments guaranteed for ten years, as described in "Annuity Options offered in the Contract" below. The Annuity Commencement Date will be the Maturity Date. However, if the Contract Value on the Annuity Commencement Date is such that a monthly payment would be less than $20, we may pay the Contract Value in one lump sum to the Annuitant.

A Contract issued in New York by John Hancock New York has as its Maturity Date the date the oldest Annuitant turns age 90, unless the Contract's specifications page states otherwise or you later change the date.

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When John Hancock USA issued a Contract outside New York, the Maturity Date is the first day of the month following the later of the 85th birthday of the oldest Annuitant or the tenth Contract Anniversary.

Please review your Contract carefully to determine the Maturity Date applicable to your Contract.<br>

You may select the frequency of annuity payments. Generally, the more frequent; the lower the payments; the less frequent, the higher the payments. However, if the Contract Value at the Annuity Commencement Date is such that a monthly payment would be less than $20, we may pay the Contract Value, minus any Unpaid Loans, in one lump sum to the Annuitant on the Annuity Commencement Date.

For Contracts offered through authorized representatives of certain selling firms, you cannot change either the Maturity Date or the Annuity Commencement Date to a date beyond the 95th birthday of the oldest Annuitant if the Contract is either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a Nonqualified Contract, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a Qualified Contract, unless the selling firm or an affiliate of the selling firm sponsors the Qualified Plan or serves as a custodian to the Qualified Plan.

*Annuity Options* 

Annuity payments are available under the Contract on a fixed, variable, or combination fixed and variable basis. At any time during the Accumulation Period (after the first Contract Year in New York), you may select one or more of the Annuity Options described below on a fixed and/or variable basis or choose an alternate form of payment acceptable to us. A Beneficiary may also elect to apply the Death Benefit to an Annuity Option. We apply your entire Contract Value or the Beneficiary's entire portion of the Death Benefit proceeds to the Annuity Option(s) selected. We do not permit you to apply any amount less than your entire Contract Value to the Annuity Options available under your Contract. If you request to use a part of your Contract Value to purchase an immediate annuity contract, we will treat the request as a withdrawal request, subject to any applicable withdrawal charge. Such a withdrawal may also have tax consequences. You may select the frequency of annuity payments. However, if the Contract Value at the Annuity Commencement Date is such that a monthly payment would be less than $20, we may pay the Contract Value in one lump sum to the Annuitant on the Annuity Commencement Date. We deduct a pro rata portion of the administration fee from each annuity payment.

We determine annuity payments based on the Investment Account value of each Investment Option at the Annuity Commencement Date. If you do not select an Annuity Option, we will provide as a default a combination fixed and variable Annuity Option in the form of a life annuity with payments guaranteed for ten years. The Internal Revenue Code or the United States Treasury Regulations may preclude the availability of certain Annuity Options in connection with certain Qualified Contracts.

Once annuity payments commence:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you are no longer permitted to make any withdrawals under the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you are no longer permitted to make or receive any withdrawals under a guaranteed minimum withdrawal benefit Rider;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• we may not change the Annuity Option or the form of settlement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Guaranteed Minimum Death Benefit terminates.

Please read the description of each Annuity Option carefully. Periodic payment amounts will differ based on the Annuity Option selected. Also, the payments will depend upon one's age, the duration selected, the Contract Value at the time of annuitization, current mortality tables, etc. Generally, the longer the possible payment period, the lower the payment amount. Typically, a non-refund life annuity provides the highest level of payments. However, because there is no guarantee that any minimum number of payments will be made, an Annuitant might receive only one payment if the Annuitant dies prior to the date the second payment is due. You may also elect annuities with payments guaranteed for a certain number of years but the amount of each payment will be lower than that available under the non-refund life Annuity Option.

**Annuity Options offered in the Contract.** The Contracts guarantee the availability of the following Annuity Options:

*Option 1(a): Non-Refund Life Annuity* – An annuity with payments during the lifetime of the Annuitant. No payments are due after the death of the Annuitant. Because we do not guarantee that we will make any minimum number of payments, an Annuitant might receive only one payment if the Annuitant dies prior to the date the second payment is due.

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*Option 1(b): Life Annuity with Payments Guaranteed for 10 Years* – An annuity with payments guaranteed for 10 years and continuing thereafter during the lifetime of the Annuitant. Because we guarantee payments for 10 years, we will make annuity payments to the end of such period if the Annuitant dies prior to the end of the tenth year.

*Option 2(a): Joint & Survivor Non-Refund Life Annuity* – An annuity with payments during the lifetimes of the Annuitant and a designated co-Annuitant. No payments are due after the death of the last survivor of the Annuitant and co-Annuitant. Because we do not guarantee that we will make any minimum number of payments, an Annuitant or co-Annuitant might receive only one payment if the Annuitant and co-Annuitant die prior to the date the second payment is due.

*Option 2(b): Joint & Survivor Life Annuity with Payments Guaranteed for 10 Years* – An annuity with payments guaranteed for 10 years and continuing thereafter during the lifetimes of the Annuitant and a designated co-Annuitant. Because we guarantee payments for 10 years, we will make annuity payments to the end of such period if both the Annuitant and the co-Annuitant die prior to the end of the tenth year.

**Additional Annuity Options.** When you annuitize, we may offer one or more Annuity Options in addition to the ones we are contractually obligated to make available.

**Additional Annuity Options for Contracts with a Guaranteed Minimum Withdrawal Benefit Rider.** When you annuitize, we may make one or more additional Annuity Options available to a Contract with one of our guaranteed minimum withdrawal benefit ("GMWB") Riders (i.e., an Income Plus For Life<sup>®</sup>, Income Plus For Life – Joint Life<sup>®</sup>, Principal Plus, Principal Plus for Life, Principal Plus for Life Plus Automatic Annual Step-Up, or Principal Returns optional benefit Rider, as described in Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits"). If you purchased a Contract with a GMWB Rider, you may select the additional Annuity Options shown below. *Unless we permit otherwise, these additional Annuity Options are only available for Maturity Dates that coincide with the first day of the month following the later of the 85th birthday of the oldest Annuitant or the tenth Contract Anniversary.* 

*GMWB Alternate Annuity Option 1: Lifetime Income Amount with Cash Refund* – This Annuity Option is available if you purchased a Contract with one of the Income Plus For Life<sup>®</sup> or an Income Plus For Life – Joint Life<sup>®</sup> Series Riders. For the Income Plus For Life – Joint Life<sup>®</sup> Rider, this Annuity Option is available only if one Covered Person, not two, remains on the Rider at the Annuity Commencement Date. Under this option, we will make annuity payments during the lifetime of the Annuitant. After the death of the Annuitant, we will pay the Beneficiary a lump sum amount equal to the excess, if any, of the Contract Value at the election of this option over the sum of the annuity payments made under this option. The annual amount of the annuity payments will equal the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Amount on the Annuity Commencement Date, if any, as provided by the GMWB Rider that you purchased with your Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the annual amount that the proceeds of your Contract provides on a guaranteed basis under a life with cash refund annuity.

*GMWB Alternate Annuity Option 2: Joint & Survivor Lifetime Income Amount with Cash Refund* – This Annuity Option is available if you purchased a Contract with one of the Income Plus For Life – Joint Life<sup>®</sup> Riders and both Covered Persons remain on the Rider at the Annuity Commencement Date. Under this option, we will make annuity payments during the joint lifetimes of the co-Annuitants. After the death of the last surviving Annuitant, we will pay the Beneficiary a lump sum amount equal to the excess, if any, of the Contract Value at the election of this option over the sum of the annuity payments made under this option. The annual amount of the annuity payments will equal the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Amount on the Annuity Commencement Date, if any, as provided by the GMWB Rider that you purchased with your Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the annual amount that the proceeds of your Contract provides on a guaranteed basis under a joint life with cash refund annuity.

*GMWB Alternate Annuity Option 3: Fixed Annuity with Period Certain* – This Annuity Option is available if you purchased a Contract with the Principal Plus for Life, Principal Plus for Life Plus Automatic Annual Step-Up or Principal Returns optional benefit Rider. This option provides an annuity with payments guaranteed for a certain period and continuing thereafter during the lifetime of a single Annuitant. We determine the certain period by dividing the Benefit Base (may be referred to as the "Guaranteed Withdrawal Balance" in your Rider) at the Annuity Commencement Date by the amount of the annual annuity payment we determine for this option. This period will be rounded to the next higher month.

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We determine the annual amount of Fixed Annuity payments under this option as the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Amount on the Maturity Date, if any, as provided by the GMWB Rider that you purchased with your Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the annual amount that the proceeds of your Contract provides on a guaranteed basis under Annuity Option 1(a): Non- Refund Life Annuity.

*GMWB Alternate Annuity Option 4: Fixed Period Certain Only* - This Annuity Option is available only if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you purchased a Contract with a Principal Plus, Principal Plus for Life, Principal Plus for Life Plus Automatic Annual Step-Up, or a Principal Returns optional benefit Rider; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• there is no Lifetime Income Amount remaining (or none has been determined) at the Annuity Commencement Date.

This Annuity Option provides a Fixed Annuity with payments guaranteed for a certain period and no payments thereafter. Under this option, we determine the certain period by dividing the Benefit Base (may be referred to as the "Guaranteed Withdrawal Balance" in your Rider) at the Maturity Date by the Guaranteed Withdrawal Amount at the Annuity Commencement Date. This period will be rounded to the next higher month. (If the period certain is less than 5 years, we may pay the benefit as a lump sum equal to the present value of the annuity payments at the rate of interest for Annuity Options as described in the Contract.)

We determine the annual amount of Fixed Annuity payments under this option as the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount on the Annuity Commencement Date as provided by the Principal Plus, Principal Plus for Life, Principal Plus for Life Plus Automatic Annual Step-Up or the Principal Returns Rider that you purchased with your Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the annual amount for a Fixed Annuity with the same period certain that we determine for this option, but based on the interest rate for Annuity Options described in your Contract.

Once annuity payments begin under an Annuity Option, you cannot make any additional withdrawals under a Contract with <br> a GMWB Rider.<br>

**Fixed Annuity Options.** Upon death (subject to the distribution of death benefits provisions; see "Death Benefit During Accumulation Period"), withdrawal or the Maturity Date of the Contract, the proceeds may be applied to a Fixed Annuity Option.

We determine the amount of each Fixed Annuity payment by applying the portion of the proceeds (minus any applicable premium taxes) applied to purchase the Fixed Annuity to the appropriate annuity factor table in the Contract. If the table we are currently using is more favorable to you, we will substitute that table. If you choose an Annuity Option that is not guaranteed in the Contract, we will use the appropriate table that we are currently offering. We guarantee the dollar amount of Fixed Annuity payments.

We do not permit you to apply any amount less than your entire Contract Value to the Annuity Options available under your Contract. If you request to use a part of your Contract Value to purchase an immediate annuity contract, we will treat the request as a withdrawal request, subject to any applicable withdrawal charge. Such a withdrawal may also have tax consequences.

*Determination of Amount of the First Variable Annuity Payment* 

We determine the first Variable Annuity payment by applying the portion of the proceeds (minus any applicable premium taxes) applied to purchase a Variable Annuity to the annuity factor tables contained in the Contract. If the table we are currently using is more favorable to you, we will substitute that table. We will determine the amount of the Contract Value as of the date not more than ten Business Days prior to the Annuity Commencement Date. We will reduce Contract Value used to determine annuity payments by any applicable premium taxes.

The rates contained in the annuity tables vary with the Annuitant's sex and age and the Annuity Option selected. However, we may not use sex-distinct tables for Contracts issued in connection with certain employer-sponsored retirement plans, or with Contracts issued in Montana. The longer the life expectancy of the Annuitant under any life Annuity Option or the longer the period for which payments are guaranteed under the option, the smaller the amount of the first monthly Variable Annuity payment will be.

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*Annuity Units and the Determination of Subsequent Variable Annuity Payments* 

We base Variable Annuity payments after the first one on the investment performance of the Subaccounts selected during the Pay-out Period. The amount of a subsequent payment is determined by dividing the amount of the first annuity payment from each Subaccount by the Annuity Unit value of that Subaccount (as of the same date the Contract Value to effect the annuity was determined) to establish the number of Annuity Units which will thereafter be used to determine payments. This number of Annuity Units for each Subaccount is then multiplied by the appropriate Annuity Unit value as of a uniformly applied date not more than ten Business Days before the annuity payment is due, and the resulting amounts for each Subaccount are then totaled to arrive at the amount of the annuity payment to be made. The number of Annuity Units generally remains constant throughout the Pay-out Period (assuming no transfer is made).

We charge the same Annual Separate Account Expenses during the annuitization period as we do during the Accumulation Period. We determine the "net investment factor" for an Annuity Unit in the same manner as we determine the net investment factor for an accumulation unit (see "Value of Accumulation Units" and "Net Investment Factor" in this section, above). The value of an Annuity Unit for each Subaccount for any Business Day is determined by multiplying the Annuity Unit value for the immediately preceding Business Day by the net investment factor for that Subaccount (see "Net Investment Factor") for the valuation period for which the Annuity Unit value is being calculated and by a factor to neutralize the assumed interest rate. Generally, if the net investment factor is greater than the assumed interest rate, the payment amount will increase. If the net investment factor is less than the assumed interest rate, the payment amount will decrease.

We build a 3% assumed interest rate into the annuity tables in the Contract used to determine the first Variable Annuity payment. The smallest annual rate of investment return which is required to be earned on the assets of the Separate Account so that the dollar amount of Variable Annuity payments will not decrease is 4.04%.

*Transfers During the Pay-out Period* 

Once Variable Annuity payments have begun, you may transfer all or part of the investment upon which those payments are based from one Subaccount to another. You must submit your transfer request to our Annuities Service Center at least **30 days before** the due date of the first annuity payment to which your transfer will apply. We make transfers after the Annuity Commencement Date by converting the number of Annuity Units being transferred to the number of Annuity Units of the Subaccount to which the transfer is made, so that the next annuity payment if it were made at that time would be the same amount that it would have been without the transfer. Thereafter, annuity payments will reflect changes in the value of the Annuity Units for the new Subaccount selected. We reserve the right to limit, upon notice, the maximum number of transfers a Contract Owner may make to four per Contract Year. Once annuity payments have commenced, a Contract Owner may not make transfers from a Fixed Annuity Option to a Variable Annuity Option or from a Variable Annuity Option to a Fixed Annuity Option. In addition, we reserve the right to defer the transfer privilege at any time that we are unable to purchase or redeem shares of a Portfolio. We also reserve the right to modify or terminate the transfer privilege at any time in accordance with applicable law.

*Death Benefit During the Pay-out Period* 

If an Annuity Option providing for payments for a guaranteed period has been selected, and the Annuitant dies during the Pay-out Period, we make the remaining guaranteed payments to the Beneficiary. We make any remaining payments as rapidly as under the method of distribution being used as of the date of the Annuitant's death. If no Beneficiary is living, we commute any unpaid guaranteed payments to a single sum (on the basis of the interest rate used in determining the payments) and pay that single sum to the estate of the last to die of the Annuitant and the Beneficiary.

We do not make any payments to a Beneficiary, however, if the last surviving Covered Person dies while we are making payments under an Annuity Option providing only for payments for life, or payments during the Settlement Phase under an optional GMWB Rider. Please read Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for additional information.

*Optional Guaranteed Minimum Income Benefits* 

Please see Appendix D: "Optional Guaranteed Minimum Income Benefits" for a general description of the Optional Guaranteed Retirement Income Benefit Riders that may enhance guaranteed income benefits under the Contract you purchased. These optional benefit Riders guarantee a minimum lifetime fixed income benefit in the form of fixed monthly annuity payments. We base the guarantee on an amount called the "Income Base," which can be increased or decreased as

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provided in the Riders. The Guaranteed Retirement Income Benefit Riders were available only at Contract issue. The Riders cannot be revoked once elected.

**Other Contract Provisions** 

*Ownership* 

Prior to the Maturity Date, the Contract Owner is the person(s) designated in the specifications page or as subsequently named. On and after the Annuity Commencement Date, the Annuitant is the Contract Owner. If amounts become payable to any Beneficiary under the Contract, the Beneficiary is the Contract Owner.

You must make any requests to change ownership in writing and we must receive such written change at the Annuities Service Center. We reserve the right to approve or disapprove any change.

Before requesting a change of ownership or making an assignment of your Contract, please consider the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A change of ownership or a collateral assignment may be treated as a distribution from the Contract and subject to tax. We consider a collateral assignment to be a distribution from the Contract, and we will report any taxable amounts as may be required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In states where permitted, a change of ownership may result in termination of any applicable minimum withdrawal benefit guarantee. (If you purchased a GMWB Rider, you can get more information from Appendix D: "Optional Guaranteed Minimum Withdrawal Benefits.")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• An addition of any Contract Owner may result in a reduction of the death benefit. We may reset the death benefit to an amount equal to the Contract Value as of the date of the change of ownership, and treat that amount as a "Purchase Payment" made on the same date for purposes of computing further adjustments to the amount of the death benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In states where permitted, a substitution of any Contract Owner may result in a reduction of the death benefit. We may reset the death benefit to an amount equal to the Contract Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A change of ownership (or collateral assignment) is subject to the rights of any irrevocable Beneficiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not change ownership or make a collateral assignment after the earlier of the Maturity Date or the Annuity Commencement Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contracts issued to a Qualified Plan may be subject to restrictions on transferability. For example, Qualified Contracts generally may not be transferred except by the trustee of an exempt employees' trust which is part of a retirement plan qualified under section 401 of the Code or as otherwise permitted by applicable Treasury Department regulations. You may not be able to sell, assign, transfer, discount or pledge (as collateral for a loan or as security for the performance of an obligation, or for any other purpose) a Qualified Contract to any person other than us.

We assume no liability for any payments made or actions taken before a change is approved or an assignment is received or accepted (as applicable in the state where your Contract was issued). We assume no responsibility for the validity or sufficiency of any assignment. An absolute assignment or ownership change will revoke the interest of any revocable Beneficiary. Any resulting "Purchase Payment" will not be included in cumulative Purchase Payments and is not eligible for a Payment Enhancement, where available.

**Group Contracts** *(John Hancock USA Contracts only)*. An eligible member of a group to which a group contract has been issued may have become an Owner under the Contract by submitting a completed application, if required by us, and a minimum Purchase Payment. If so, we issued a Contract summarizing the rights and benefits of that Owner under the group contract, or we issued an individual Contract to an applicant acceptable to us. We reserved the right to decline to issue a Contract to any person in our sole discretion. All rights and privileges under the Contract may be exercised by each Owner as to his or her interest unless expressly reserved to the group holder. However, provisions of any plan in connection with which the group contract was issued may restrict an Owner's ability to exercise such rights and privileges.

In the case of a group annuity contract, we may not modify the group contract or any Contract without consent of the group holder or the Owner, as applicable, except to make it conform to any law or regulation or ruling issued by a governmental agency. However, on 60 days' notice to the group holder, we may change the administration fees, mortality and expense risk charges, annuity purchase rates and the market value charge (where applicable) as to any Contract issued after the effective date of the modification.

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All Contract rights and privileges not expressly reserved to the group holder may be exercised by each Owner as to his or her interests as specified in his or her Contract.

**Acceptance of Contracts**. John Hancock USA has discontinued new applications and issuance of new group contracts.

*Annuitant* 

The Annuitant is any natural person or persons whose life is used to determine the duration of annuity payments involving life contingencies. The Annuitant is entitled to receive all annuity payments under the Contract. If the Contract Owner names more than one person as an Annuitant, the second person named shall be referred to as "co-Annuitant." The Annuitant is as designated on the Contract specifications page or in the application, unless changed. You must make any change of Annuitant in writing in a form acceptable to us and the change must be received at our Annuities Service Center. We must approve any change.

On the death of the Annuitant prior to the Annuity Commencement Date, the co-Annuitant, if living, becomes the Annuitant. If there is no living co-Annuitant, the Owner becomes the Annuitant (the Owner may name a new Annuitant). In the case of certain Qualified Contracts, there are limitations on the ability to designate and change the Annuitant and the co-Annuitant. The Annuitant becomes the Owner of the Contract on the Annuity Commencement Date.

If any Annuitant is changed and any Contract Owner is not a natural person, we normally distribute the entire interest in the Contract to the Contract Owner within five years. We reduce the amount distributed by charges that would otherwise apply upon withdrawal.

*Beneficiary* 

The Beneficiary is the person, persons or entity designated in your specifications page (or as subsequently changed). However, if there is a surviving Contract Owner, we treat that person as the Beneficiary. You may change the Beneficiary subject to the rights of any irrevocable Beneficiary. You must make any change in writing and the change must be received at our Annuities Service Center. We must approve any change. If approved, we effect such change as of the date on which it was written. We assume no liability for any payments made or actions taken before the change is approved. If no Beneficiary is living, any designated Contingent Beneficiary becomes the Beneficiary. The interest of any Beneficiary is subject to that of any assignee. If no Beneficiary or Contingent Beneficiary is living, the Beneficiary is the estate of the deceased Contract Owner. In the case of certain Qualified Contracts, Treasury Department regulations may limit designations of Beneficiaries and the Code may limit the payout options available for certain classes of Beneficiaries.

*Modification* 

We may not modify your Contract or certificate without your consent, except to the extent required to make it conform to any law or regulation or ruling issued by a governmental agency.

*Code Section 72(s)* 

In order for our Nonqualified Contracts (i.e., Contracts not purchased to fund an IRA or other Qualified Plan) to be treated as annuities under the Code, we will interpret the provisions of the Contract so as to comply with the requirements of section 72(s) of the Code, which prescribes certain provisions governing distributions after the death of the Owner.

*Misstatement and Proof of Age, Sex or Survival* 

We normally require proof of age, sex (where permitted by state law) or survival of any person upon whose age, sex or survival any payment depends. If the age or sex of the Annuitant has been misstated, the benefits will be those that would have been provided for the Annuitant's correct age and sex. If we have made incorrect annuity or benefit payments under the Contract, the amount of any underpayment will be paid immediately and the amount of any overpayment will be deducted from future annuity or benefit payments.

**Fixed Investment Options** 

Interests in a Fixed Investment Option are not registered under the Securities Act of 1933, as amended (the "1933 Act"), and each Company's General Account is not registered as an investment company under the 1940 Act. Neither interests in a Fixed Investment

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Option nor a General Account are subject to the provisions or restrictions of the 1933 Act or the 1940 Act. Nonetheless, federal securities laws may require disclosures relating to interests in a Fixed Investment Option and a General Account to be accurate. The obligations under the Contract that are funded by each Company's General Account (e.g., any Fixed Investment Option, the Lifetime Income Amount, the death benefit and any guaranteed amounts associated with our optional benefits Riders), are subject to the Company's claims-paying ability and financial strength.

**Interest Rates and Availability**. Currently, we do not make any Fixed Investment Options available for Additional Purchase Payments. However, you may previously have allocated some or all of your Contract Value to a Fixed Investment Option. A Fixed Investment Option provides for the accumulation of interest on Purchase Payments at guaranteed rates for the duration of the guarantee period. We determine the guaranteed interest rates on amounts allocated or transferred to a Fixed Investment Option from time to time. In no event will the guaranteed rate of interest be less than guaranteed minimum interest rate stated in your Contract. Once an interest rate is guaranteed for a Fixed Investment Option, it is guaranteed for the duration of the guarantee period, and we may not change it.

**Transfers.** During the Accumulation Period, you normally may transfer amounts from a Fixed Investment Option to the Variable Investment Options only at the end of a guaranteed period. You may, however, transfer amounts from Fixed to Variable Investment Options prior to the end of the guarantee period pursuant to the DCA program (when available). Where there are multiple Investment Accounts within a Fixed Investment Option, amounts must be transferred from that Fixed Investment Option on a first-in-first-out basis.

You may also make transfers from Variable Investment Options to a Fixed Investment Option, if available, at any time prior to the Annuity Commencement Date, as permitted by applicable law. We establish a separate Investment Account each time you allocate or transfer amounts to a Fixed Investment Option, except that for amounts allocated or transferred the same day, we will establish a single Investment Account. You may not allocate amounts to a Fixed Investment Option that would extend the guarantee period beyond the Annuity Commencement Date.

**Renewals.** At the end of a guarantee period, you may establish a new Investment Account with the same guarantee period at the then current interest rate, if available, or transfer the amounts to a Variable Investment Option, all without the imposition of any charge. In the case of renewals in the last year of the Accumulation Period, the only Fixed Investment Option available is to have interest accrued for the remainder of the Accumulation Period at the then current interest rate for one-year guarantee period. If you do not specify a renewal option, we will select the one-year Fixed Investment Option.

**Market Value Charge.** Any amount withdrawn, transferred or borrowed from a Fixed Investment Account prior to the end of the guarantee period may be subject to a market value charge. A market value charge is assessed only when current interest rates are higher than the guaranteed interest rate on the account. The charge compensates us for our investment losses on amounts withdrawn, transferred or borrowed prior to the Maturity Date. The formula for calculating this charge is set forth in your Contract. A market value charge will be calculated separately for each Investment Account affected by a transaction to which a market value charge may apply. The market value charge for an Investment Account will be calculated by multiplying the amount withdrawn or transferred from the Investment Account by the adjustment factor described below.

The adjustment factor is determined by the following formula: 0.75 × (B-A) × C/12 where:

A = The guaranteed interest rate on the Investment Account.

B = The guaranteed interest rate available, on the date the request is processed, for amounts allocated to a new Investment Account with the same length of guarantee period as the Investment Account from which the amounts are being withdrawn.

C = The number of complete months remaining to the end of the guarantee period.

For purposes of applying this calculation, the maximum difference between "B" and "A" will be 3%. The adjustment factor may never be less than zero.

The total market value charge will be the sum of the market value charges for each Investment Account being withdrawn. Where the guaranteed rate available on the date of the request is less than the rate guaranteed on the Investment Account from which the amounts are being withdrawn (B-A in the adjustment factor is negative), there is no market value charge. There is only a market value charge when interest rates have increased (B-A in the adjustment factor is positive).

We make no market value charge on withdrawals from the Fixed Investment Option in the following situations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• death of the Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts withdrawn to pay fees or charges;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts applied at the Maturity Date to purchase an annuity at the guaranteed rates provided in the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts withdrawn from Investment Accounts within one month prior to the end of the guarantee period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts withdrawn from a one-year Fixed Investment Option; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• amounts withdrawn in any Contract Year that do not exceed 10% of (i) total Purchase Payments less (ii) any prior withdrawals in that Contract Year.

In no event will the market value charge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• be greater than the amount by which the earnings attributable to the amount withdrawn or transferred from an Investment Account exceed an annual rate of 3%;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• together with any withdrawal charges for an Investment Account be greater than 10% of the amount transferred or withdrawn; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• reduce the amount payable on withdrawal or transfer below the amount required under the non-forfeiture laws of the state with jurisdiction over the Contract.

The cumulative effect of the market value and withdrawal charges could result in a Contract Owner receiving total withdrawal proceeds of less than the Contract Owner's Purchase Payments.

**Withdrawals.** You may make total and partial withdrawals of amounts held in a Fixed Investment Option at any time during the Accumulation Period. Withdrawals from a Fixed Investment Option will be made in the same manner and be subject to the same limitations as set forth under "Withdrawals" above.

We reserve the right to defer payment of amounts withdrawn from a Fixed Investment Option for up to six months from the date we receive the written withdrawal request. If a withdrawal is deferred for more than 30 days pursuant to this right, we will pay interest on the amount deferred at a rate not less than 3% per year (or a higher rate if required by applicable law).

If you do not specify the Investment Options from which a withdrawal is to be taken, the withdrawal will be taken from the Variable Investment Options until exhausted and then from the Fixed Investment Options. Such withdrawals will be made from the Investment Options beginning with the shortest guarantee period. Within such a sequence, where there are multiple Investment Accounts within a Fixed Investment Option, withdrawals will be made on a first-in-first-out basis. For this purpose, the DCA Fixed Investment Option is considered to have a shorter guarantee period than the one-year Fixed Investment Option.

The market value charge described above may apply to withdrawals from any Fixed Investment Option except for a one-year Fixed Investment Option. If a market value charge applies to a withdrawal from a Fixed Investment Option, it will be calculated with respect to the full amount in the Investment Option and deducted from the amount payable in the case of a total withdrawal. In the case of a partial withdrawal, the market value charge will be calculated on the amount requested and deducted, if applicable, from the remaining Investment Account value.

Withdrawals from the Contract may be subject to income tax and a 10% penalty tax. See "IX. Federal Tax Matters" below. Withdrawals are permitted from Contracts issued in connection with Section 403(b) Plans only under limited circumstances. See "IX. Federal Tax Matters – Qualified Plan Types."

**Loans.** We offer a loan privilege only to Owners of Contracts issued prior to November 12, 2007, in connection with Section 403(b) Plans that are not subject to Title I of ERISA. If you own such a Contract, you may borrow from us, using your Contract as the only security for the loan, in the same manner and subject to the same limitations as described under "IX. Federal Tax Matters – General Information Regarding Qualified Contracts – Loans." The market value charge described above may apply to amounts transferred from the Fixed Investment Accounts to the Loan Account in connection with such loans and, if applicable, will be deducted from the amount so transferred. **The loan privilege will not be available if you elected any optional guaranteed minimum withdrawal benefit Rider.** 

**Charges.** No asset-based charges are deducted from Fixed Investment Options.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**VIII. Charges and Deductions** 

We assess charges and deductions under the Contracts against Purchase Payments, Contract Values, or withdrawal or annuity payments. Currently, there are no deductions made from Purchase Payments. For information on the optional benefit fees, please see "IV. Fee Tables" and Appendix B: "Optional Enhanced Death Benefits," Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" and/or Appendix D: "Optional Guaranteed Minimum Income Benefits."

We may charge a separate fee for certain requested services (e.g., electronic fund transfers, providing replacement contracts, etc.).

In addition, there are deductions from and expenses paid out of the assets of the Portfolios that are described in the Portfolio prospectuses. See "Asset-Based Charges" below.

**Withdrawal Charges** 

If you make a withdrawal from your Contract during the Accumulation Period, we may assess a withdrawal charge. We base the withdrawal charge on the length of time a Purchase Payment has been in your Contract, and the amount of the withdrawal we attribute to unliquidated Purchase Payments.

**Amounts to Which Withdrawal Charges Do Not Apply**. We do not assess a withdrawal charge with respect to: (i) earnings accumulated in the Contract; (ii) Payment Enhancements (where applicable) and any earnings attributable to Payment Enhancements; (iii) certain other "free Withdrawal Amounts," described below; or (iv) Purchase Payments that have been in the Contract for more than 7 complete Contract Years (8 complete years if you elected the Payment Enhancement Rider in New York). A market value charge may apply to these transactions (see "VII. Description of the Contract – Market Value Charge").

We do not impose a withdrawal charge on amounts allocated to a "free Withdrawal Amount." In any Contract Year, the free Withdrawal Amount for that year is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 10% of total Purchase Payments (less all prior withdrawals in that Contract Year); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the accumulated earnings of the Contract (i.e., the excess of the Contract Value on the date of withdrawal over unliquidated Purchase Payments).

We allocate any free withdrawal amount first to withdrawals from Variable Investment Options and then to withdrawals from the Fixed Investment Options.

**Amounts to Which Withdrawal Charges Do Apply**. We first allocate a withdrawal to any free Withdrawal Amount and second to "unliquidated Purchase Payments" (i.e., the amount of all Purchase Payments in the Contract net of any withdrawals of Purchase Payments in excess of the free Withdrawal Amount that have been taken to date).

Withdrawals of up to the free Withdrawal Amount may be withdrawn without the imposition of a withdrawal charge. If the amount of a withdrawal exceeds the free Withdrawal Amount, the excess will be allocated to Purchase Payments which will be "liquidated" on a first-in first-out basis. On any withdrawal request, we will liquidate Purchase Payments equal to the amount of the withdrawal request which exceeds the free Withdrawal Amount in the order the Purchase Payments were made: the oldest unliquidated Purchase Payment first, the next Purchase Payment second, etc., until all Purchase Payments have been liquidated.

Upon a full surrender of a John Hancock USA Contract issued on or after April 1, 2003, John Hancock USA will liquidate the excess of all unliquidated Purchase Payments over the free Withdrawal Amount for purposes of calculating the withdrawal charge.

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**How We Determine the Withdrawal Charge**. We calculate the amount of the withdrawal charge by multiplying the amount of the Purchase Payment being "liquidated" by the applicable withdrawal charge percentage shown below:

**Withdrawal Charge** 

**(as percentage of Purchase Payments\*)** 

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| | | | |
|:---|:---|:---|:---|
|  | **John Hancock USA** | **John Hancock New York**<br> **(without Payment**<br> **Enhancement Rider)**<br>| **John Hancock New York**<br> **(with Payment**<br> **Enhancement Rider)**<br>|
| First Year | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 8% |
| Second Year | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 6% | &nbsp;&nbsp; 8% |
| Third Year | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 7% |
| Fourth Year | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 5% | &nbsp;&nbsp; 7% |
| Fifth Year | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 4% | &nbsp;&nbsp; 5% |
| Sixth Year | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 3% | &nbsp;&nbsp; 4% |
| Seventh Year | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 2% | &nbsp;&nbsp; 3% |
| Eighth Year | &nbsp;&nbsp; 0% | &nbsp;&nbsp; 0% | &nbsp;&nbsp; 1% |
| Thereafter | &nbsp;&nbsp; 0% | &nbsp;&nbsp; 0% | &nbsp;&nbsp; 0% |

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*\**

*Each Purchase Payment or portion thereof liquidated in connection with a withdrawal request is subject to a withdrawal charge based on the length of time the Purchase Payment has been in the Contract. We calculate the amount of the withdrawal charge by multiplying the amount of the Purchase Payment being liquidated by the applicable withdrawal charge percentage shown. The total withdrawal charge will be the sum of the withdrawal charges for the Purchase Payments being liquidated.* 

We deduct from the amount paid to the Contract Owner as a result of the withdrawal, any applicable withdrawal charge, Contract and Rider fees, and any taxes. In the case of a withdrawal, the amount requested from an Investment Account may not exceed the value of that Investment Account less any applicable fees and charges.

There is generally no withdrawal charge on distributions made as a result of the death of the Contract Owner or, if applicable, the Annuitant, and we impose no withdrawal charges on the Annuity Commencement Date if the Contract Owner annuitizes as provided in the Contract.

Withdrawal charges help to compensate us for the cost of selling the Contracts. The amount of the charges in any Contract Year does not specifically correspond to sale expenses for that year. We expect to recover our total sales expenses over the life of the Contracts. To the extent that the withdrawal charges do not cover total sales expenses, the sales expenses may be recovered from other sources, including gains from the asset-based risk charge and other gains with respect to the Contracts, or from general assets. Similarly, administrative expenses not fully recovered by the administration fees may also be recovered from such other sources.

For examples of calculation of the withdrawal charge, see Appendix A: "Examples of Calculation of Withdrawal Charge." Withdrawals from the Fixed Investment Options may be subject to a market value charge in addition to the withdrawal charge.

*Waiver of Applicable Withdrawal Charge – Confinement to Eligible Nursing Home* 

*(John Hancock USA Contracts only; not available in MA and NY)* 

For Contracts issued on or after May 1, 2002 (in states where approved), any applicable withdrawal charge will be waived on a total withdrawal prior to the Maturity Date if all of the following apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Owner has been confined to an "Eligible Nursing Home" for at least 180 days (the waiver does not apply to the confinement of any Annuitant unless the Owner is a non-natural person);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the confinement began at least one year after the Contract Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• confinement was prescribed by a "Physician";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• both the Owner and the Annuitant are alive as of the date we pay the proceeds of such total withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the request for a total withdrawal and "Due Proof of Confinement" are received by us, in Good Order, no later than 90 days after discharge.

An "Eligible Nursing Home" is a licensed "Long Term Care Facility" or "Hospital" providing medically necessary inpatient care that is prescribed in writing by a licensed "Physician" and is based on physical limitations which requires daily living in an institutional setting. A "Long Term Care Facility" is a facility which: (a) is located in the United States or its territories; (b) is licensed by the jurisdiction in which it is located; (c) provides custodial care under the supervision of a registered nurse

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(R.N.); and (d) can accommodate three or more persons. A "Hospital" is a facility which: (a) is licensed as a Hospital by the jurisdiction in which it is located; (b) is supervised by a staff of licensed "Physicians"; (c) provides nursing services 24 hours a day by, or under the supervision of, a registered nurse (R.N.); (d) operates primarily for the care and treatment of sick or injured persons as inpatients for a charge; and has access to medical, diagnostic and major surgical facilities.

A "Physician" is a person other than you, the Annuitant(s) or a member of your or the Annuitant's families who is a licensed medical doctor (M.D.) or a licensed doctor of osteopathy (D.O.), practicing within the scope of that license.

"Due Proof of Confinement" is a letter signed by a Physician containing: (a) the date the Owner was confined, (b) the name and location of the Eligible Nursing Home, (c) a statement that the confinement was medically necessary in the judgment of the Physician, and (d) if applicable, the date the Owner was released from the Eligible Nursing Home.

**The waiver described above is only applicable for total withdrawals and does not apply to partial withdrawals. The waiver is not available in all states and was not available for Contracts issued prior to May 1, 2002. Certain terms may vary depending on the state of issue as noted in your Contract. Withdrawals may be taxable and if made prior to age 59½ may be subject to a 10% penalty tax (see "IX. Federal Tax Matters"). Please consult with your own qualified tax professional before requesting the waiver.** 

There are or may be situations other than those described above or elsewhere in the Prospectus (see, e.g., "Reduction or Elimination of Charges and Deductions," below) that merit waiver of withdrawal charges, which we may consider on a case-by-case basis.

**Additional Charges for the Payment Enhancement Rider**. If you elected the Payment Enhancement Rider, the Separate Account annual expenses are increased by 0.35%. The guaranteed interest rate on Fixed Investment Options is reduced by 0.35%. In addition, each Purchase Payment will be subject to a higher withdrawal charge for a longer period of time. The maximum withdrawal charge if the Payment Enhancement Rider is elected is 8% (as opposed to 6% with no Payment Enhancement Rider) and the withdrawal charge period is 8 years if the Payment Enhancement Rider is elected (as opposed to 7 years with no Payment Enhancement Rider). Expenses for a Contract with a Payment Enhancement Rider may be higher than expenses for a Contract without the Rider, and the amount gained from the Rider may be more than offset by the additional fees and charges associated with the Rider.

**Annual Contract Fee** 

We deduct each year an annual Contract fee of $30 as partial compensation for the cost of providing all administrative services attributable to the Contracts and the operations of the Separate Account and the Company in connection with the Contracts. However, if prior to the Maturity Date the Contract Value is equal to or greater than $99,000 at the time of the fee's assessment, the fee will be waived. We deduct this administration fee on the Contract Anniversary during the Accumulation Period. It is withdrawn from each Investment Option in the same proportion that the value of such Investment Option bears to the Contract Value. If you withdraw the entire Contract Value on a day other than the Contract Anniversary, we will deduct the $30 Contract fee from the amount paid. During the Pay-out Period, we deduct the fee on a pro-rata basis from each annuity payment.

**Asset-Based Charges** 

We deduct asset-based charges daily to compensate us primarily for our administrative and distribution expenses, and for the mortality and expense risks we assume under the Contracts. We do not assess asset-based charges against Fixed Investment Options.

*Administration Fee* 

We allocate a portion of the asset-based charges, as shown in "III. Fee Tables," to help cover our administrative expenses. We deduct from each of the Subaccounts a daily charge, at an annual effective rate of 0.15% of the value of each corresponding Variable Investment Option, to reimburse us for administrative expenses. The charge will be reflected in the Contract Value as a proportionate reduction in the value of each Variable Investment Option. Even though administrative expenses may increase, we guarantee that it will not increase the administration fee.

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*Mortality and Expense Risks Fee* 

The mortality risk we assume is the risk that Annuitants may live for a longer period of time than we estimate. We assume this mortality risk by virtue of annuity payment rates incorporated into the Contract which cannot be changed. This assures each Annuitant that his or her longevity will not have an adverse effect on the amount of annuity payments. We also assume mortality risks in connection with our guarantee that, if the Contract Owner dies during the Accumulation Period, we will pay a death benefit (see "VII. Description of the Contract – Death Benefit During Accumulation Period"). The expense risk we assume is the risk that any of the following, where applicable, may be insufficient to cover actual expenses: the annual fee, administration charges, distribution charge, or withdrawal charge.

To compensate us for assuming these risks, we deduct from each of the Subaccounts a daily charge at the annual effective rate of 1.25% of the value of the Variable Investment Options. In the case of individual Contracts, the rate of the mortality and expense risks charge cannot be increased. In the case of group contracts, the rate of the mortality and expense risks charge can be increased, but only as to certificates issued after the effective date of the increase and upon 60 days' prior written notice to the group holder. The charge is assessed on all active Contracts, including Contracts continued by a Spousal Beneficiary upon the death of the Contract Owner or continued under any Annuity Option payable on a variable basis. If the asset-based charges are insufficient to cover the actual cost of the mortality and expense risks assumed, we bear the loss. Conversely, if the charges prove more than sufficient, the excess will be profit to us and will be available for any proper corporate purpose including, among other things, payment of distribution expenses. In cases where no death proceeds are payable (e.g., for Contracts continued by a non-Spousal Beneficiary upon the death of the Owner), or under the Period Certain Only Annuity Option, if available, if you elect benefits payable on a variable basis, we continue to assess the Contractual mortality and expense risks charge, although we bear only the expense risk and not any mortality risk.

**Reduction or Elimination of Charges and Deductions** 

*(Not available in New York)* 

We may have reduced or eliminated the amount of the charges and deductions for certain Contracts where permitted by state law. These Contracts would involve sales to individuals or to a group of individuals in a manner that resulted in savings of sales or maintenance expenses or that we expected to result in reduction of other risks that are normally associated with the Contracts. We determined entitlement to such a reduction in the charges or deductions in the following manner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We considered the size and type of group to which sales are made. Generally, per Contract sales expenses for a larger group are smaller than for a smaller group because of the ability to implement large numbers of Contracts with fewer sales contacts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We considered the total amount of Purchase Payments to be received. Per-dollar sales expenses are likely to be less on larger Purchase Payments than on smaller ones;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We considered the nature of the group or class for which the Contracts are purchased including the expected persistency, mortality or morbidity risks associated with the group or class of Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We considered any prior or existing relationship with us. Per-Contract sales expenses are likely to be less when there is a prior or existing relationship because of the likelihood of implementing the Contract with fewer sales contacts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We considered the level of commissions paid to selling broker-dealers. Certain broker-dealers may have offered the Contract in connection with financial planning programs offered on a fee-for-service basis. In view of the financial planning fees, such broker-dealers may have elected to receive lower commissions for sales of the Contracts, thereby reducing our sales expenses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• There may have been other circumstances that resulted in reduced expenses.

If after consideration of the foregoing factors, we determined that there would be a reduction in expenses, we provided a reduction in the charges or deductions. In the case of group contracts, we may have issued Contracts with a mortality and expense risks charge at rates less than those set out above, if we concluded that the mortality or expense risks of the groups involved were less than the risks determined for persons for whom the Contracts have been generally designed.

In no event did we permit reduction or elimination of the charges or deductions where that reduction or elimination was unfairly discriminatory to any person. We reserve the right to modify, suspend or terminate any reductions or waivers of charges at any time.

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**Premium Taxes** 

We make deductions for any applicable premium or similar taxes. Currently, certain jurisdictions assess a tax of up to 4% of each Purchase Payment.

In most cases, and subject to applicable law, we deduct a charge in the amount of the tax from the total value of the Contract only at the time of annuitization, death, surrender, or withdrawal. We reserve the right, however, to deduct the charge from each Purchase Payment at the time it is made. We compute the amount of the charge by multiplying the applicable premium tax percentage by the amount subject to tax under the applicable state law.

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| | | |
|:---|:---|:---|
| **State or Territory** | **Premium Tax Rate**<sup>1</sup>  | **Premium Tax Rate**<sup>1</sup>  |
| **State or Territory** | **Qualified Contracts** | **Nonqualified Contracts** |
| CA | &nbsp;&nbsp; 0.50% | &nbsp;&nbsp; 2.35% |
| CO | &nbsp;&nbsp; 0.00% | &nbsp;&nbsp; 2.00% |
| GUAM | &nbsp;&nbsp; 4.00% | &nbsp;&nbsp; 4.00% |
| ME<sup>2</sup> <br>| &nbsp;&nbsp; 0.00% | &nbsp;&nbsp; 2.00% |
| NV | &nbsp;&nbsp; 0.00% | &nbsp;&nbsp; 3.50% |
| PR | &nbsp;&nbsp; 1.00% | &nbsp;&nbsp; 1.00% |
| SD<sup>2</sup> <br>| &nbsp;&nbsp; 0.00% | &nbsp;&nbsp; 1.25%<sup>3</sup> <br>|
| TX<sup>4</sup> <br>| &nbsp;&nbsp; 0.037% | &nbsp;&nbsp; 0.037% |
| WY | &nbsp;&nbsp; 0.00% | &nbsp;&nbsp; 1.00% |

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<sup>1</sup>

*Based on the state of residence at the time the tax is assessed.* 

<sup>2</sup>

*We pay premium tax upon receipt of Purchase Payment.* 

<sup>3</sup>

*0.08% on Purchase Payments in excess of $500,000.* 

<sup>4</sup>

*Referred to as a "maintenance fee."*

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**IX. Federal Tax Matters** 

**Introduction** 

The following discussion of the federal income tax treatment of the Contract is not exhaustive, does not purport to cover all situations, and is not intended as tax advice. The federal income tax treatment of a Contract is quite complex; please consult a qualified tax professional with regard to the application of the law to your circumstances. This discussion is based on the Code, Treasury Department regulations, and Internal Revenue Service ("IRS") rulings and interpretations existing on the date of this Prospectus. These authorities, however, are subject to change by Congress, the Treasury Department and judicial decisions.

This discussion does not address state or local tax consequences associated with a Contract. Further, this discussion also does not address the potential tax and withholding rules that might apply to a Contract held by, or distributions paid to, any foreign person, including any foreign financial institution, other entity or individual. Please consult with your tax professional if there is a possibility that a Contract might be held by, or payable to, a foreign person. **In addition, we make no guarantee regarding any tax treatment – federal, state, or local – of any Contract or of any transaction involving a Contract.** 

**Our Tax Status** 

We are taxed as a life insurance company. Under current tax law, we include the investment income (exclusive of capital gains) of a Separate Account in our taxable income and take deductions for investment income credited to our "policyholder reserves." We are also required to capitalize and amortize certain costs instead of deducting those costs when they are incurred. We do not currently charge a Separate Account for any resulting income tax costs. We also claim certain tax credits or deductions relating to foreign taxes paid and dividends received by the Portfolios. These benefits can be material. We do not pass these benefits through to a Separate Account, principally because: (i) the deductions and credits are allowed to the Company and not the Contract Owners under applicable tax law; and (ii) the deductions and credits do not represent investment return on Separate Account assets that is passed through to Contract Owners.

The Contracts permit us to deduct a charge for any taxes we incur that are attributable to the operation or existence of the Contracts or a Separate Account. Currently, we do not anticipate making a charge for such taxes. If the level of the current taxes increases, however, or is expected to increase in the future, we reserve the right to make a charge in the future. (Please note that this discussion applies to federal income tax but not to any state and local taxes.)

**What are the tax consequences of owning a Contract?** 

In most cases, no income tax will have to be paid on amounts you earn under a Contract until these earnings are paid out. All or part of the following distributions from a Contract may constitute a taxable payout of earnings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• withdrawals (including surrenders and systematic withdrawals);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• payment of any death benefit proceeds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• periodic payments under one of our annuity payment options;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• certain ownership changes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any loan, assignment or pledge of the Contract as collateral.

How much you will be taxed on distribution is based upon complex tax rules and depends on matters such as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the type of the distribution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• when the distribution is made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the nature of any Qualified Plan for which the Contract is being used; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the circumstances under which the payments are made.

If your Contract was issued in connection with a Qualified Plan, all or part of your Purchase Payments may be tax-deductible or excludible from income.

A 10% penalty tax applies in many cases to the taxable portion of any distributions from a Contract before you reach age 59½. Also, most Qualified Plans require that minimum distributions from a Contract commence and/or be completed within a

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certain period of time. This effectively limits the period of time during which you can continue to derive tax deferral benefits form any tax-deductible or tax-deferred Purchase Payments you made or on any earnings under the Contract.

**A Contract purchased as an investment vehicle for a Qualified Plan, including an IRA, does not provide any additional tax-deferral benefits beyond the treatment provided by the Qualified Plan. The favorable tax benefits available for Qualified Plans that invest in annuity contracts are also generally available if the Qualified Plan purchases other types of investments, such as mutual funds, equities and debt investments. However, the Contract offers features and benefits that other investments may not offer, including the Investment Options and protection through living guarantees, death benefits and other benefits. Please note that federal tax law changes limit certain annuitization and beneficiary payout options for contracts held as part of a Qualified Plan, including an IRA. Purchasers of Contracts for use with any retirement plan should consult with a qualified tax professional.** 

We provide additional information on taxes in "VIII. Federal Tax Matters." We make no attempt to provide more than general information about use of the Contract with the various types of retirement plans.

**Special Considerations for Optional Benefits** 

At present, the IRS has not provided guidance as to the tax treatment of charges for optional benefits to an annuity contract. The IRS might take the position that each charge associated with these optional benefits is deemed a withdrawal from the contract subject to current income tax to the extent of any gains and, if applicable, a 10% penalty tax for premature withdrawals. We do not currently report charges for optional benefits as withdrawals, but we may do so in the future if we believe that the IRS would require us to report them as such.

If the Contract you purchased is not intended for use with a tax-qualified retirement plan or as an IRA (a "Nonqualified Contract"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any withdrawal you take generally is taxable as ordinary income to the extent of any gain in the Contract at the time of the withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Under current IRS guidance, we expect to determine gain on a withdrawal, including withdrawals during the "Settlement Phase" using the Contract Value. It is possible, however, that the IRS may take the position that the value of amounts guaranteed to be available in the future should also be taken into account in computing the taxable portion of a withdrawal. In that event, you may be subject to a higher amount of tax on a withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any annuity payments that you receive under an Annuity Option will be taxed in the manner described in "Taxation of Annuity Payments" below.

If the Contract you purchased is intended for use with a tax-qualified retirement plan or as an IRA (a "Qualified Contract"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Please see "Roth IRAs – Conversions and Rollovers to Roth IRAs" below for additional information on the tax impact of optional benefit Riders on a conversion to a Roth IRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amount of any required minimum distributions may be increased under federal tax rules if your Contract has an optional death benefit or other optional benefit Rider. See "General Information Regarding Qualified Contracts" below.

*You should consult with your own qualified tax professional for information on any optional benefit Rider.* 

**General Information Regarding Nonqualified Contracts** 

(Contracts Not Purchased to Fund an IRA or Other Qualified Plan)

*Tax Deferral During Accumulation Period* 

Except where the Owner is not an individual, we expect our Contracts to be considered annuity contracts under section 72 of the Code. This means that, ordinarily, federal income tax on any gains in your Contract will be deferred until we actually make a distribution to you or you assign or pledge an interest in your Contract.

However, a Contract held by an Owner other than a natural person (for example, a corporation, partnership, limited liability company, trust, or other such entity) does not generally qualify as an annuity contract for tax purposes. Any increase in value therefore would constitute ordinary taxable income to such an Owner in the year earned. Notwithstanding this general rule, a Contract will ordinarily be treated as held by a natural person if the nominal Owner is a trust or other entity which holds the

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Contract as an agent for a natural person. This exception does not apply in the case of any employer which is the nominal owner of an annuity contract under a nonqualified deferred compensation arrangement for its employees.

In addition to the foregoing, if the Contract's Maturity Date occurs, or is scheduled to occur, at a time when the Annuitant is at an advanced age, such as over age 95, it is possible that the Owner will be taxed currently on the annual increase in the Contract Value.

The remainder of this discussion assumes that the Contract will constitute an annuity for federal tax purposes.

*Aggregation of Contracts* 

In certain circumstances, the IRS may determine the portion of a withdrawal from a contract that is includible in income by combining some or all of the annuity contracts owned by an individual which are not issued in connection with a Qualified Plan.

For example, if you purchase two or more deferred annuity contracts from the same insurance company (or its affiliates) during any calendar year, all such contracts will be treated as one contract for purposes of determining whether any payment not received as an annuity (including withdrawals prior to the Maturity Date) is includible in income. Thus, if during a calendar year you bought two or more of the Contracts offered by this Prospectus (which might be done, for example, in order to purchase different guarantees and/or benefits under different contracts), all of such Contracts would be treated as one Contract in determining whether withdrawals from any of such Contracts are includible in income. The IRS may also require aggregation in other circumstances. Please consult your own qualified tax professional if you own or intend to purchase more than one annuity contract.

The effects of such aggregation are not always clear and depend on the circumstances. However, aggregation could affect the amount of a withdrawal that is taxable and the amount that might be subject to the 10% penalty tax described below.

*Exchanges of Annuity Contracts* 

We may have issued the Contract in exchange for all or part of another annuity contract that you owned. Such an exchange would be tax free if certain requirements were satisfied. If you satisfied these requirements, your investment in the Contract immediately after the exchange is generally the same as that of the annuity contract you exchanged, increased by any Additional Purchase Payment you made as part of the exchange. Your investment in the Contract may be more, less or the same as the Contract Value immediately after the exchange. If your Contract Value exceeds your investment in the Contract, that excess represents gain in the Contract. You have to include that gain in your gross income if you subsequently take a withdrawal or distribution from the Contract (e.g., as a partial surrender, full surrender, annuity payment, or death benefit), or are deemed to receive a distribution (e.g., through a collateral assignment) from the Contract.

In Revenue Procedure 2011-38, the IRS amended the tax rules applicable to the partial exchange of an annuity contract for another annuity contract. If you exchange part of an existing Contract, and within 180 days of the exchange you receive a payment (e.g., you make a withdrawal) from either contract, all or a portion of the amount received could be includible in your income and also subject to a 10% penalty tax. The IRS has announced that it will apply general tax principles to determine the consequences of receiving such a payment. For example, the IRS could treat the payment as taxable only to the extent of the gain in the particular contract from which the payment was received. Alternatively, the IRS could determine that the payment was an integrated part of the exchange. In that case, the payment would be taxable to the extent of all the gain accumulated in the original Contract at the time of the partial exchange, regardless of whether the payment came from the existing Contract or from the contract received in the exchange. Application of general tax principles is dependent on the facts and circumstances of each case. However, amounts received as an annuity during the 180-day period are not subject to the new rules, provided that the annuity payments will be made for a period of at least 10 years or for a life or joint lives.

EXAMPLE: An annuity Contract had $100,000 of Contract Value, of which $56,000 was gain and $44,000 was the Owner's investment in the Contract, or "cost basis." After October 23, 2011, the Owner did a partial exchange of 25% of the Contract Value for a new annuity contract. Of the $25,000 transferred to the new contract, $14,000 represents gain and $11,000 represents cost basis transferred from the original Contract. Two months after the partial exchange, the Owner takes a withdrawal from the new contract in the amount of $17,000. If the IRS treats the withdrawal as a distribution from the new contract, only $14,000 will be taxable as a distribution of income ($25,000 of contract value – $11,000 of cost basis in the new contract). If instead the IRS determines that the withdrawal is part of the exchange, the entire $17,000 is taxable as income because there was $56,000 of gain in the original Contract at the time of the exchange.

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Please consult with your own qualified tax professional in connection with an exchange of all or part of a Contract for another annuity contract, especially if you make a withdrawal from either contract after the exchange. The date a partial exchange occurs will be a factor in determining the tax treatment of subsequent withdrawals and other distributions from either contract.

*Loss of Interest Deduction Where Contracts are Held by or for the Benefit of Certain Non-Natural Persons* 

In the case of Contracts issued after June 8, 1997 to a non-natural taxpayer (such as a corporation or a trust), or held for the benefit of such an entity, a portion of otherwise deductible interest may not be deductible by the entity, regardless of whether the interest relates to debt used to purchase or carry the Contract. However, this interest deduction disallowance does not affect Contracts where the income on such Contracts is treated as ordinary income that is received or accrued by the Owner during the taxable year. Entities that have purchased the Contract, or entities that will be Beneficiaries under the Contract, should consult a qualified tax professional.

*Taxation of Annuity Payments* 

When we make payments under a Nonqualified Contract in the form of an annuity, normally a portion of each annuity payment is taxable as ordinary income. The taxable portion of an annuity payment is equal to the excess of the payment over the *exclusion amount*.

In the case of Variable Annuity payments, the exclusion amount is the investment in the Contract when payments begin to be made divided by the number of payments expected to be made (taking into account the Annuitant's life expectancy and the form of annuity benefit selected). In the case of Fixed Annuity payments, the exclusion amount is based on the investment in the Contract and the total expected value of Fixed Annuity payments for the term of the Contract (determined under Treasury Department regulations). In general, your investment in the Contract equals the aggregate amount of Purchase Payments you have made over the life of the Contract, reduced by any amounts previously distributed from the Contract that were not subject to income-tax. A simplified method of determining the taxable portion of annuity payments applies to Contracts issued in connection with certain Qualified Plans other than IRAs.

Once you have recovered your total investment in the Contract tax-free, further annuity payments will be fully taxable. If annuity payments cease because the Annuitant dies before all of the investment in the Contract is recovered, the unrecovered amount generally will be allowed as a deduction on the Annuitant's last tax return or, if there is a Beneficiary entitled to receive further payments, will be distributed to the Beneficiary as described more fully below under "Taxation of Death Benefit Proceeds."

Section 72(a)(2) of the Code permits partial annuitization of an annuity contract and specifies that the cost basis, or investment in the contract, be allocated pro rata between the portion of the contract being annuitized and the portion of the contract remaining deferred. We do not permit you to apply any amount less than your entire Contract Value to the Annuity Options available under your Contract. Accordingly, any portion of your Contract that you withdraw to be annuitized will be reported to the IRS as a taxable distribution unless you transfer it into another contract in a partial exchange conforming to the rules of section 1035 of the Code and Rev. Proc. 2011-38. Any such withdrawal, whether carried out as a tax-deferred partial exchange or as a taxable withdrawal, will be subject to withdrawal charges.

*Surrenders, Withdrawals, Transfers and Death Benefits* 

When we make a single sum payment consisting of the entire value of your Contract, you have ordinary taxable income to the extent the payment exceeds your investment in the Contract (discussed above). Such a single sum payment can occur, for example, if you surrender your Contract before the Maturity Date or if you or your Beneficiary do not select an extended payment option for a death benefit payment.

When you take a withdrawal from a Contract before the Maturity Date (or Annuity Commencement Date, if earlier), including a payment under a systematic withdrawal plan or guaranteed minimum withdrawal benefit, all or part of the payment may constitute taxable ordinary income to you. If, on the date of withdrawal, the total value of your Contract exceeds the investment in the Contract, the excess will be considered gain and the withdrawal will be taxable as ordinary income up to the amount of such gain. If a withdrawal exceeds the gain in your Contract, the excess amount is a tax-free return of your investment in the Contract. If you have recovered your entire investment in the Contract, any additional withdrawals based upon a Rider guarantee will be subject to income tax. If you assign or pledge any part of your Contract Value, the value so pledged or assigned is taxed the same as an actual withdrawal.

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For purposes of determining the amount of taxable income resulting from a single sum payment or a withdrawal, all nonqualified annuity contracts issued by us or our affiliates to the Owner within the same calendar year will be treated as if they were a single contract. Taxable withdrawals may also be subject to a penalty tax for premature withdrawals as explained below.

When an individual Owner transfers ownership of a Contract without receiving full and adequate consideration, the transfer is taxed like a surrender. The transferor must include in gross income the amount by which the cash surrender value exceeds any investment in the Contract. The amount included in income may also be subject to a penalty tax for premature withdrawals as explained below. The new Owner's investment in the Contract is increased by the amount included in the transferor's gross income as a result of the transfer. These tax issues may apply, for example, in situations where the Owner and Annuitant are not the same person, are not married to each other and ownership of the Contract transfers to the Annuitant upon annuitization. A qualified tax professional should be consulted in those situations. However, these tax rules do not apply to a transfer between Spouses or a transfer to a former Spouse incident to a divorce under Code section 1041.

*Taxation of Death Benefit Proceeds* 

All or part of *any* death benefit proceeds may constitute a taxable payout of earnings. A death benefit payment generally results in taxable ordinary income to the extent of gain in the Contract.

Amounts may be distributed from a Contract because of the death of an Owner or the Annuitant. During the Accumulation Period, death benefit proceeds are includible in income as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if distributed in a single sum payment under our current administrative procedures, they are taxed in the same manner as a full withdrawal, as described above; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if distributed under an Annuity Option, they are taxed in the same manner as annuity payments, as described above; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if distributed as a series of withdrawals over the Beneficiary's life expectancy, they are taxable to the extent there is gain in the Contract.

After a Contract matures and annuity payments begin, if the Contract guarantees payments for a stated period and the Annuitant dies before the end of that period, payments made to the Beneficiary for the remainder of that period are includible in the Beneficiary's income as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if received in a single sum under our current administrative procedures, they are includible in income to the extent that they exceed the unrecovered investment in the Contract at that time; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if distributed in accordance with an existing Annuity Option other than a Period Certain Only Annuity Option, they are fully excludible from income until the remaining investment in the Contract has been recovered, and all annuity benefit payments thereafter are fully includible in income; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if distributed in accordance with an existing Period Certain Only Annuity Option, the payments are taxed the same as the annuity payments made before death. A portion of each annuity payment is includible in income and the remainder is excluded from income as a return of the investment in the Contract.

*Penalty Tax on Premature Distributions* 

There is a 10% penalty tax on the taxable portion of any payment from a Nonqualified Contract. Exceptions to this penalty tax include distributions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• received on or after the date on which the Contract Owner reaches age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• attributable to the Contract Owner becoming disabled (as defined in the tax law);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made to a Beneficiary on or after the death of the Contract Owner or, if the Contract Owner is not an individual, on or after the death of the primary Annuitant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made as a series of substantially equal periodic payments (not less frequently than annually) for the life (or life expectancy) of the Contract Owner or for the joint lives (or joint life expectancies) of the Contract Owner and a designated Beneficiary;\* or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made with respect to certain annuities issued in connection with structured settlement agreements.

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*You may be subject to a retroactive application of the penalty tax, plus interest, if you begin taking a series of substantially equal periodic payments (Life Expectancy Distribution) and then modify the payment pattern (other than by reason of death or disability) before the* ***later*** of your turning age 59½ and the passage of five years after the date of the first payment. *Special rules apply when there* 

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*is a partial 1035 exchange of a contract under which substantially equal periodic payments are being made. The exchange will not be treated as a modification, provided that the aggregate distributions from the two contracts continue to meet the requirements for substantially equal periodic payments as though the exchange had not taken place.* 

*Diversification Requirements* 

Your Contract will not qualify for the tax benefits of an annuity contract unless the Separate Account follows certain rules requiring diversification of investments underlying the Contract. In addition, the rules require that the Contract Owner not have "investment control" over the underlying assets.

In certain circumstances, the Owner of a variable annuity contract may be considered the Owner, for federal income tax purposes, of the assets of the separate account used to support the contract. In those circumstances, income and gains from the separate account assets would be includible in the Contract Owner's gross income. The IRS has stated in published rulings that a variable contract owner will be considered the owner of separate account assets if the Contract Owner possesses incidents of ownership in those assets, such as the ability to exercise investment control over the assets. A Treasury Decision issued in 1986 stated that guidance would be issued in the form of regulations or rulings on the "extent to which Policyholders may direct their investments to particular subaccounts of a separate account without being treated as owners of the underlying assets." As of the date of this Prospectus, no comprehensive guidance on this point has been issued. In Rev. Rul. 2003-91, however, the IRS ruled that a contract holder would not be treated as the owner of assets underlying a variable annuity contract despite the owner's ability to allocate funds among as many as twenty subaccounts.

The ownership rights under your Contract are similar to, but different in certain respects from, those described in IRS rulings in which the IRS determined that Contract Owners were not owners of separate account assets. Since you have greater flexibility in allocating premiums and Contract Value than was the case in those rulings, it is *possible* that you would be treated as the owner of your Contract's proportionate share of the assets of the Separate Account.

We do not know what future Treasury Department regulations or other guidance may require. We cannot guarantee that an underlying Portfolio will be able to operate as currently described in its prospectus, or that a Portfolio will not have to change any of its investment objectives and policies. We have reserved the right to modify your Contract if we believe doing so will prevent you from being considered the owner of your Contract's proportionate share of the assets of the Separate Account, but we are under no obligation to do so.

*Medicare Tax on Unearned Income* 

A Medicare tax applies to certain unearned income at a maximum rate of 3.8%. Also referred to as the Net Investment Income tax, the tax is imposed on an amount equal to the lesser of (a) "net investment income" or (b) the excess of the taxpayer's modified adjusted gross income over a specified income threshold ($250,000 for married couples filing jointly, $125,000 for married couples filing separately, and $200,000 for everyone else). "Net investment income," for these purposes, includes the excess (if any) of gross income from annuities, interest, dividends, royalties and rents, and certain net gain, over allowable deductions, as such terms are defined in the Code or as may be defined in future Treasury Regulations or IRS guidance. The term "net investment income" does not include any distribution from a plan or arrangement described in Code sections 401(a), 403(a), 403(b), 408 (i.e., IRAs), 408A (i.e., Roth IRAs) or 457(b).

*Please consult a qualified tax professional for further information about the impact of the additional Medicare Tax on your individual circumstances.* 

*Puerto Rico Nonqualified Contracts* 

Distributions from Puerto Rico annuity contracts issued by us are subject to federal income taxation, withholding and reporting requirements as well as Puerto Rico tax laws. Both jurisdictions impose a tax on distributions. Under federal requirements, distributions are deemed to be income first. Under the Puerto Rico tax laws, however, distributions from a Contract not purchased to fund a Qualified Plan ("Nonqualified Contract") are generally treated as a nontaxable return of principal until the principal is fully recovered. Thereafter, all distributions under a Nonqualified Contact are fully taxable. Puerto Rico does not currently impose an early withdrawal penalty tax on premature distributions from a Nonqualified Contract. The Code, however, does impose such a penalty and bases it on the amount that is taxable under federal rules.

Annuitized distributions under a Nonqualified Contract are treated as part taxable income and part non-taxable return of principal. With annuitization, the annual amount excluded from gross income under Puerto Rico tax law is equal to the amount of the distribution in excess of 3% of the total Purchase Payments paid, until an amount equal to the total Purchase

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Payments paid has been excluded. Thereafter, the entire distribution from a Nonqualified Contract is included in gross income. For federal income tax purposes, however, the portion of each annuity payment that is subject to tax is computed on the basis of investment in the Contract and the expected payout. Generally Puerto Rico does not require income tax to be withheld from distributions of income from Nonqualified Contracts. Although Puerto Rico allows a credit against its income tax for taxes paid to the federal government, you may not be able to use the credit fully.

**General Information Regarding Qualified Contracts** 

(Contracts Purchased to Fund an IRA or Other Qualified Plan)

Numerous special tax rules apply to the participants in certain types of retirement plans that receive favorable treatment under the Code ("Qualified Plans"), and to the Contracts used in connection with these plans. We provide a brief description of types of Qualified Plans in this Prospectus and in the SAI, but make no attempt to provide more than general information in this Prospectus and the SAI about use of Contracts with the various types of Qualified Plans.

When we issued a Contract in connection with a Qualified Plan ("Qualified Contract"), we may have amended the Contract as necessary to conform to the requirements of the Code. We have no responsibility, however, for determining whether a particular retirement plan or a particular contribution to the plan satisfies the applicable requirements of the Code, or whether a particular employee is eligible for inclusion under a plan. Your rights to any benefits under the plan may be subject to the terms and conditions of the plan itself, regardless of the terms and conditions of the Contracts.

*A number of changes in the Code affect or will in the future affect Qualified Contracts, and the IRS has not yet released guidance on many of those changes. The discussion below is not intended to address all the tax rules applicable to Qualified Contracts. Please consult a qualified tax professional for specific information about the impact of tax rules and plan requirements on your particular facts and circumstances.* 

*Additional Purchase Payments to Qualified Contracts* 

You may make Additional Purchase Payments to a Qualified Contract, subject to our requirements and limitations for Additional Purchase Payments (see "VII. Description of the Contract – Purchase Payments" for information on our Additional Purchase Payment requirements and limitations):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a transfer from a traditional IRA to a Contract issued as a traditional IRA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a direct or indirect rollover\* from a retirement plan qualified under sections 401(a), 403(a) or 403(b) of the Code or a governmental deferred compensation plan described in section 457 of the Code to a Contract issued either as a traditional IRA or as a Roth IRA; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by making annual contributions to the extent permitted under the Code.

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*We use the term "direct rollovers" to refer to amounts that a Qualified Plan remits directly to us as an Additional Purchase Payment. We use the term "indirect rollovers" to refer to amounts that you may receive from a Qualified Plan, and then remit to us as an Additional Purchase Payment. The Code permits an indirect rollover to be tax-deferred if it is contributed to an IRA within 60 days of receipt. Note that an individual can make only one indirect rollover from his IRA(s) during any 12-month period. The tax law does not limit the number of indirect rollovers from other Qualified Plans to an IRA.* 

*Distribution Requirements* 

The Code imposes requirements on Qualified Plans to comply with minimum distribution requirements. We provide general information, below, on minimum distribution requirements for traditional IRAs, Roth IRAs and certain other Qualified Plans.

**Traditional IRAs** 

Section 408 of the Internal Revenue Code ("Code") permits eligible individuals to contribute to an individual retirement program known as an Individual Retirement Annuity ("IRA") or traditional IRA (to distinguish it from the Roth IRA discussed below).

Contracts issued as traditional IRAs are subject to limits on the amounts that may be contributed, the persons who may be eligible and the time when distributions may commence. Under the tax rules, the Owner and the Annuitant may *not* be different individuals. If a co-Annuitant is named, all distributions made while the Annuitant is alive must be made to the Annuitant. The Contract does not qualify for use in connection with an Education IRA under section 530 of the Code.

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The Contract may be issued with a death benefit or certain benefits provided by an optional Rider. The presence of such benefits may increase the amount of any required minimum distributions for IRAs and other Contracts subject to the Required Minimum Distribution ("RMD") rules.

Under our administrative rules beginning February 2009, we do not permit a Beneficiary of a Contract intended for use as a traditional IRA to purchase a new optional benefit Rider if the Beneficiary elected to maintain it as an inherited IRA or an inherited Roth IRA.

*Contributions to a Traditional IRA* 

Eligible rollover distributions from certain types of qualified retirement plans may be rolled over on a tax-deferred basis into a traditional IRA by former participants in the plans. For these purposes, eligible rollover distributions include lump sum amounts payable from the plan upon termination of employment, termination of the plan, disability or retirement. Eligible rollover distributions do not include (i) required minimum distributions as described in section 401(a)(9) of the Code, (ii) certain distributions for life, life expectancy, or for 10 years or more which are part of a "series of substantially equal periodic payments," and (iii) if applicable, certain hardship withdrawals.

If you are the surviving Spouse and "designated beneficiary" (as defined in the tax law) of a participant in a tax-qualified retirement account, you may make a direct rollover contribution as an Additional Purchase Payment to a Contract issued as a traditional IRA to the extent permitted. See "VII. Description of the Contract – Purchase Payments" for information on our Purchase Payment requirements.

*Distributions from a Traditional IRA* 

In general, unless you rolled over non-deductible contributions from any other Qualified Plan or made non-deductible contributions to your Contract, all amounts paid out from a traditional IRA Contract (in the form of an annuity, a single sum, death benefits or partial withdrawal), are taxable as ordinary income to you or to your beneficiary for payments made after your death. You may incur an additional 10% penalty tax if you surrender the Contract or make a withdrawal before you reach age 59½, unless certain exceptions apply as specified in section 72(t) of the Code. If any part of your direct rollover from a tax-qualified retirement plan includes after-tax contributions to the plan, or if you have made any non-deductible contributions to a Contract issued as a traditional IRA, part of any withdrawal or surrender distribution, single sum, death proceeds or annuity payment from the Contract may be excluded from taxable income when received.

You may make tax-deferred direct transfers from a Contract held as a Traditional IRA to another Traditional IRA. If instead you take a withdrawal with the intent to roll the proceeds to another IRA as an indirect rollover, you should be aware of certain limitations under the tax law. You must complete any indirect rollover within 60 days of receiving the withdrawal. Moreover, during any 12- month period, you can make only one indirect rollover, with respect to all IRAs you own including Roth IRAs. Any additional indirect rollover attempted during the 12-month period will be treated as a distribution, subject to income tax and potentially the 10% penalty tax.

A Beneficiary who is not your Spouse may make a direct transfer to an inherited IRA of the amount otherwise distributable to him or her under a Contract issued as a traditional IRA.

*Required Minimum Distributions from a Traditional IRA* 

Treasury Department regulations prescribe required minimum distribution ("RMD") rules governing the time at which distributions from a traditional IRA to the Owner and Beneficiary must commence and the form in which the distributions must be paid. These special rules may also require the length of any guarantee period to be limited. They also affect the restrictions that the Owner may impose on the timing and manner of payment of death benefits to a Beneficiary or the period of time over which a Beneficiary may extend payment of the death benefits under the Contract. In addition, the presence of the death benefit or a lifetime income benefit feature may affect the amount of the RMD that must be made under the Contract. Failure to comply with RMD requirements for tax years beginning after 2022 will result in the imposition of an excise tax, generally 25% of the amount by which the amount required to be distributed exceeds the actual distribution. The excise tax for tax years beginning after 2022 may be a lower 10% provided that a corrective distribution meets certain criteria.

In the case of IRAs (other than Roth IRAs), distributions of minimum amounts (as specified in the tax law) to the Owner must commence by April 1 of the calendar year following the calendar year in which the Owner turns age 70½, for those Contract Owners born before July 1, 1949. For Contract Owners born after June 30, 1949 and before January 1, 1951, distributions of minimum amounts must commence by April 1 of the calendar year following the calendar year in which the

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Owner turns age 72. For Contract Owners born after December 31, 1950 and before January 1, 1960, distributions of minimum amounts must begin by April 1 of the calendar year following the calendar year in which the Owner turns age 73. For Contract Owners born after 1959, the age at which minimum distributions must begin is scheduled to increase to age 75. The amount that must be distributed each year is computed on the basis of the Owner's age, the value of the Contract (taking into account both the account balance and the actuarial present value of other benefits provided under the Contract), and the value of all other traditional IRAs owned by the taxpayer.

Distributions made from traditional IRAs (and Roth IRAs) after the Owner's death must also comply with RMD requirements. Different rules governing the timing and the manner of payments apply, depending on whether the designated beneficiary is an individual and, if so, the Owner's Spouse, or an individual other than the Owner's Spouse. If you wish to impose restrictions on the timing and manner of payment of death benefits to your designated beneficiary or if your Beneficiary wishes to extend over a period of time the payment of the death benefits under your Contract, please consult your own qualified tax professional.

If you make a direct transfer of all the value from a traditional IRA to any other traditional IRA, the minimum distribution requirements (and taxes on the distributions) apply to amounts withdrawn from the other traditional IRA.

*Penalty Tax on Premature Distributions from a Traditional IRA* 

A 10% penalty tax may be imposed on the taxable amount of any payment from a traditional IRA. The penalty tax does not apply to a payment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• received on or after the date on which the Contract Owner reaches age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• received on or after the Contract Owner's death or because of the Contract Owner's disability (as defined in the tax law); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made as a series of substantially equal periodic payments (not less frequently than annually) for the life (or life expectancy) of the Contract Owner or for the joint lives (or joint life expectancies) of the Contract Owner and designated beneficiary.\*

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*You may be subject to a retroactive application of the penalty tax, plus interest, if you begin taking a series of substantially equal periodic payments and then modify the payment pattern (other than by reason of death or disability) before the later of your turning age 59½ and the passage of five years after the date of the first payment.* 

In addition, the penalty tax does not apply to certain distributions from IRAs that are used for first time home purchases or for higher education expenses, or to distributions made to certain eligible individuals called to active duty after September 11, 2001. Special conditions must be met to qualify for these three exceptions to the penalty tax. If you wish to take a distribution from a traditional IRA for these purposes, please consult with your own qualified tax professional.

Exceptions from the penalty tax also apply to certain distributions taken for qualified birth or adoption expenses and certain qualified disaster distributions. The Code also provides for the opportunity to repay such distributions to an eligible retirement plan, including an IRA. The SECURE 2.0 Act of 2022 created additional exceptions from the penalty tax. Please consult with your own qualified tax professional to determine whether you qualify for any of these exceptions and what tax treatment will apply to the distribution and any repayment, where the Code allows repayment of a distribution.

If you roll over a Contract issued as a traditional IRA to a Roth IRA by surrendering the Contract and purchasing a Roth IRA, you may be subject to federal income taxes, including withholding taxes. Please read "Conversion or Rollover to a Roth IRA," below, for more information.

**Roth IRAs** 

Section 408A of the Code permits eligible individuals to contribute to a type of IRA known as a Roth IRA. Roth IRAs are generally subject to the same rules as traditional IRAs, but they differ in certain significant ways with respect to the taxation of contributions and distributions.

*Contributions to a Roth IRA* 

Unlike a traditional IRA, contributions to a Roth IRA are not deductible. As with a traditional IRA, eligible rollover distributions from certain types of qualified retirement plans may be directly rolled over into a Roth IRA by former participants in the plan. For these purposes, eligible rollover distributions include lump sum amounts payable from the plan upon termination of employment, termination of the plan, disability or retirement. Eligible rollover distributions do not

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include (i) required minimum distributions as described in section 401(a)(9) of the Code, (ii) certain distributions for life, life expectancy, or for 10 years or more which are part of a "series of substantially equal periodic payments," and (iii) if applicable, certain hardship withdrawals.

**Federal income tax will apply to direct rollovers from "non-Roth" accounts in retirement plans described in sections 401(a), 403(a), 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code to Contracts issued as Roth IRAs.** Please read "Rollover to a Roth IRA," below, for more information. Under current rules, direct rollovers from "Roth" accounts in a 401(k) retirement plan to Contracts issued as Roth IRAs generally are not subject to federal income tax.

*Distributions from a Roth IRA* 

Unlike a traditional IRA, distributions from Roth IRAs need not commence after the Owner turns age 70½, 72 or 73. Distributions must, however, begin after the Owner's death. Distributions after the Owner's death must comply with the minimum distribution requirements described above for traditional IRAs. Different rules governing the timing and the manner of payments apply, depending on whether the designated beneficiary is an individual and, if so, the Owner's Spouse, or an individual other than the Owner's Spouse.

If you wish to impose restrictions on the timing and the manner of payment of death proceeds to your designated beneficiary or if your Beneficiary wishes to extend payment of the Contract death proceeds over a period of time, please consult your own qualified tax professional. Under our administrative rules beginning February 2009, we do not permit a Beneficiary of a Contract intended for use as a Roth IRA to purchase a new optional benefit Rider if the Beneficiary elected to maintain it as a Roth IRA.

Qualified distributions from a Roth IRA are excluded from income. A qualified distribution for these purposes is a distribution that satisfies two requirements. First, the distribution must be made in a taxable year that is at least five years after the first taxable year for which a contribution to any Roth IRA established for the Contract Owner was made. Second, the distribution must be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made after the Owner turns age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made after the Owner's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• attributable to the Owner being disabled; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a qualified first-time homebuyer distribution within the meaning of section 72(t)(2)(F) of the Code.

A direct transfer from a Contract issued as a Roth IRA to another Roth IRA is not subject to income tax. However, during any 12- month period, you can make only one indirect rollover with respect to all IRAs you own, including Roth IRAs.

*Penalty Tax on Premature Distributions from a Roth IRA* 

**Taxable distributions before age 59½ may also be subject to a 10% penalty tax.** This early distribution penalty may also apply to amounts converted to a Roth IRA that are subsequently distributed within a 5-taxable year period beginning in the year of conversion. Please read "Penalty Tax on Premature Distributions from a Traditional IRA," above, for more information.

The state tax treatment of a Roth IRA may differ from the federal income tax treatment of a Roth IRA. **You should seek independent tax advice if you intend to use the Contract in connection with a Roth IRA.** 

*Conversion or Rollover to a Roth IRA* 

You can convert a traditional IRA to a Roth IRA. You also can initiate a direct rollover distribution from a retirement plan described in sections 401(a), 403(a), or 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code to a Roth IRA Contract. The Roth IRA annual contribution limit does not apply to conversion or rollover amounts, but you must satisfy our requirements for Additional Purchase Payments. See "VII. Description of the Contract – Purchase Payments" for additional information.

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You must pay tax on any portion of a conversion or rollover amount that would have been taxed if you had not converted or <br> rolled over to a Roth IRA. If you convert a Contract issued as a traditional IRA to a Roth IRA, the amount deemed to be the <br> conversion amount for tax purposes may be higher than the Contract Value because of the deemed value of guarantees. If <br> you convert a Contract issued as a traditional IRA to a Roth IRA, you may instruct us not to withhold any of the conversion <br> amount for taxes and remittance to the IRS. If you do instruct us to withhold for taxes when converting a Contract issued as <br> a traditional IRA to a Roth IRA, we will treat any amount we withhold as a withdrawal from your Contract, which could <br> result in an Excess Withdrawal and a reduction in the benefit value of any elected optional guarantee Rider, in a proportion <br> determined by the Rider. Please read Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits" for more <br> information about the impact of withdrawals.<br>

If you direct the sponsor or administrator to transfer a rollover amount from your "non-Roth" Qualified Plan to a Roth IRA Contract, there is no mandatory tax withholding that applies to the rollover amount. A direct rollover to a Roth IRA is not subject to mandatory tax withholding, even though the distribution is includible in gross income.

Current tax law no longer imposes a restriction based on adjusted gross income on a taxpayer's ability to convert a traditional IRA or other qualified retirement accounts to a Roth IRA. Accordingly, taxpayers with more than $100,000 of adjusted gross income may now convert such assets to a Roth IRA. Generally, the amount converted to a Roth IRA is included in ordinary income for the year in which the account was converted. Given the taxation of Roth IRA conversions and the potential for an early distribution penalty tax, you should consider the resources that you have available, other than your retirement plan assets, for paying any taxes that would become due the year of any such conversion or a subsequent year. Please seek independent qualified tax advice if you intend to use the Contract in connection with a Roth IRA.

You are not subject to federal income tax on a direct rollover of distributions from a Roth account in another Qualified Plan permitted to be rolled over into a Contract issued as a Roth IRA, or from a Contract issued as a Roth IRA to another Roth IRA.

**Other Qualified Plans** 

You may have purchased a Qualified Contract for use in connection with certain retirement plans that receive favorable treatment under the Code, but are not traditional IRAs or Roth IRAs. The other types of retirement plans ("Other Qualified Plans") include:

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| | |
|:---|:---|
| **Other Qualified Plan Type** |  |
| SIMPLE IRA Plans | &nbsp;&nbsp; In general, under Section 408(p) of the Code a small business employer may <br> establish a SIMPLE IRA plan if the employer employed no more than 100 <br> employees. In general, an employee must be covered by the SIMPLE IRA, if the <br> employee is expected to earn at least $5,000 during the current calendar year and had <br> $5,000 of earnings during any two years preceding the current calendar year. Under a <br> SIMPLE IRA plan both employees and the employer make deductible contributions. <br> SIMPLE IRAs are subject to various requirements, including limits on the amounts <br> that may be contributed, the persons who may be eligible, and the time when <br> distributions may commence. The requirements for minimum distributions from a <br> SIMPLE IRA plan are generally the same as those discussed above for distributions <br> from a traditional IRA. The rules on taxation of distributions are also similar to those <br> that apply to a traditional IRA with a few exceptions.<br>|
| Simplified Employee Pensions <br> (SEP-IRAs)<br>| &nbsp;&nbsp; Section 408(k) of the Code allows employers to establish simplified employee <br> pension plans for their employees, using the employees' IRAs for such purposes, if <br> certain criteria are met. Under these plans the employer may, within specified limits, <br> make deductible contributions on behalf of the employees to IRAs. The requirements <br> for minimum distributions from a SEP-IRA, and rules on taxation of distributions <br> from a SEP-IRA, are generally the same as those discussed above for distributions <br> from a traditional IRA.<br>|

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| | |
|:---|:---|
| **Other Qualified Plan Type** |  |
| Section 403(b) Plans or Tax-<br> Sheltered Annuities<br>| &nbsp;&nbsp; Section 403(b) of the Code permits public school employees and employees of <br> certain types of tax-exempt organizations to have their employers purchase annuity <br> contracts for them and, subject to certain limitations, to exclude the Purchase <br> Payments from gross income for tax purposes. There also are limits on the amount of <br> incidental benefits that may be provided under a tax-sheltered annuity. These <br> Contracts are commonly referred to as "tax-sheltered annuities."<br>|
| Corporate and Self- Employed <br> Pension and Profit-Sharing Plans <br> (H.R. 10 and Keogh)<br>| &nbsp;&nbsp; Sections 401(a) and 403(a) of the Code permit corporate employers to establish <br> various types of tax-deferred retirement plans for employees. The Self-Employed <br> Individuals' Tax Retirement Act of 1962, as amended, commonly referred to as "H.R. <br> 10" or "Keogh," permits self-employed individuals to establish tax-favored <br> retirement plans for themselves and their employees. Such retirement plans may <br> permit the purchase of annuity contracts in order to provide benefits under the plans; <br> however, there are limits on the amount of incidental benefits that may be provided <br> under pension and profit sharing plans.<br>|
| Deferred Compensation Plans of <br> State and Local Governments and <br> Tax- Exempt Organizations<br>| &nbsp;&nbsp; Section 457 of the Code permits employees of state and local governments and tax-<br> exempt organizations to defer a portion of their compensation without paying current <br> taxes. The employees must be participants in an eligible deferred compensation plan. <br> A Section 457 plan must satisfy several conditions, including the requirement that it <br> must not permit distributions prior to your separation from service (except in the <br> case of an unforeseen emergency). When we make payments under a Section 457 <br> Contract, the payment is taxed as ordinary income.<br>|

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*In the case of a Contract held by the trustee of a Qualified Plan, references to the Owner in the discussion below should be read to mean the employee named as the Annuitant on the Contract.* 

*Collecting and Using Information* 

Through your participation in a Qualified Plan, the Company, your employer, your Plan administrator, and your Plan sponsor collect various types of confidential information you provide in your agreements, such as your name and the name of any Beneficiary, Social Security Numbers, addresses, and occupation information. The Company, your employer, the Plan administrator, and your Plan sponsor also collect confidential information relating to your Plan transactions, such as Contract Values, Purchase Payments, withdrawals, transfers, loans and investments. In order to comply with IRS regulations and other applicable law in servicing your Contract, the Company, your employer, the Plan administrator and the Plan sponsor may be required to share such confidential information among themselves, other current, former or future providers under your Qualified Plan, and among their employees. By maintaining a Contract for use in a Qualified Plan or by intending to make an Additional Purchase Payment, transfer of ownership, transfer, withdrawal or loan on an existing Contract used in a Section 403(b) Plan, you consent to such sharing of confidential information. The Company will not disclose any such confidential information to anyone, except as permitted by law or in accordance with your consent.

*Contributions to Other Qualified Plans* 

You may make Additional Purchase Payments through rollovers or conversions only from certain types of Qualified Plans or by making annual contributions to the extent permitted under the Code and by us. See "VII. Description of the Contract – Purchase Payments" for information on our Purchase Payment requirements.

We have no responsibility for determining whether a particular retirement plan or a particular contribution to the plan satisfies the applicable requirements of the Code and the plan. In general, the Code imposes limitations on the amount of annual compensation that can be contributed into Other Qualified Plans and contains rules to limit the total amount you can contribute to all of your IRAs and Other Qualified Plans. Trustees and administrators of Other Qualified Plans may, however, generally invest and reinvest existing plan assets without regard to such Code imposed limitations on contributions. Certain distributions from Other Qualified Plans may be transferred directly to another plan, unless funds are added from other sources, without regard to such limitations.

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*Distributions from Other Qualified Plans* 

*If permitted under your plan, you may take a withdrawal in the form of a distribution:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• from a Contract intended for use with any Qualified Plan (other than a section 457 deferred compensation plan maintained by a tax-exempt organization) and make a "tax-free rollover" to a traditional IRA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• from a Contract intended for use with any Qualified Plan (other than a section 457 deferred compensation plan maintained by a tax-exempt organization) and make a "tax-free rollover" to a SIMPLE IRA, but only after the 2-year period beginning on the date the individual first participated in any qualified salary reduction arrangement maintained by the individual's employer\*; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• from a Contract intended for use with a retirement plan qualified under sections 401(a), 403(a), or 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code and make a "tax-free rollover" to any such plans.

*\**

*Note that if your Contract is a SIMPLE IRA, it does not accept a rollover from any Qualified Plan other than another SIMPLE IRA.* 

In addition, if your Spouse is your designated beneficiary and survives you, he or she is permitted to take a distribution from a Contact intended for use with your tax-qualified retirement account and make a "tax-free rollover" to another tax-qualified retirement account in which your surviving Spouse participates, to the extent permitted by your surviving Spouse's plan. A Beneficiary who is not your surviving Spouse may, if permitted by the plan, make a direct rollover to a traditional IRA of the amount otherwise distributable to him or her upon your death under a Contract that is held as part of a retirement plan described in sections 401(a), 403(a), or 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code. The IRA is treated as an inherited IRA of the non-Spouse Beneficiary. A Spouse Beneficiary may also make a direct rollover to an inherited IRA.

You may make a "tax-free rollover" to a Roth IRA from a Contract intended for use as a Roth account in a retirement plan described in section 401(a) or section 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code.

In lieu of taking a distribution from your plan (including a section 457 deferred compensation plan maintained by a tax-exempt organization), your plan may permit you to make a direct trustee-to-trustee transfer of a Qualified Contract from the plan.

Current Treasury Department regulations provide a simplified method to determine the taxable portion of annuity payments under Contracts issued in connection with Other Qualified Plans. Please consult with a qualified tax professional for further information.

*Required Minimum Distributions from Other Qualified Plans* 

Treasury Department regulations prescribe RMD rules governing the time at which distributions from Other Qualified Plans to the Owner and Beneficiary must commence and the form in which the distributions must be paid. These rules are substantially similar to the RMD rules described above for a traditional IRA, except that distributions of required minimum amounts must generally commence by the later of two dates as described below.

For a Qualified Plan participant born before July 1, 1949, required minimum distributions must generally begin by the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which the Qualified Plan participant turns 70½, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which Qualified Plan participant (other than a 5% owner) retires from the employer that sponsored the Qualified Plan.

For a Qualified Plan participant born after June 30, 1949 and before January 1, 1951, required minimum distributions must generally begin by the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which the Qualified Plan participant turns 72, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which the Qualified Plan participant (other than a 5% owner) retires from the employer that sponsored the Qualified Plan.

For a Qualified Plan participant born after December 31, 1950 and before January 1, 1960, required minimum distributions must generally begin by the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which the Participant turns age 73, or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• April 1 of the calendar year following the calendar year in which the Qualified Plan participant (other than a 5% owner) retires from the employer that sponsored the Qualified Plan.

For a Qualified Plan participant born after 1959, the triggering age for required minimum distributions is scheduled to increase to 75.

*Penalty Tax on Premature Distributions from Other Qualified Plans* 

A 10% penalty tax may be imposed on the taxable amount of any payment from certain Qualified Contracts (but generally not section 457 plans). (The amount of the penalty tax is 25% of the taxable amount of any payment received from a SIMPLE retirement account during the 2-year period beginning on the date the individual first participated in any qualified salary reduction arrangement maintained by the individual's employer.) There are exceptions to this penalty tax which vary depending on the type of Qualified Plan. In the case of distributions from certain Qualified Contracts, including a SIMPLE IRA, the penalty tax does not apply to a payment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• received on or after the date on which the Contract Owner reaches age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• received on or after the Contract Owner's death or because of the Contract Owner's disability (as defined in the tax law); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• made as a series of substantially equal periodic payments (not less frequently than annually) for the life (or life expectancy) of the Contract Owner or for the joint lives (or joint life expectancies) of the Contract Owner and "designated beneficiary" (as defined in the tax law).\*

*\**

*You may be subject to a retroactive application of the penalty tax, plus interest, if you begin taking a series of substantially equal periodic payments and then modify the payment pattern (other than by reason of death or disability) before the later of your turning age 59½ and the passage of five years after the date of the first payment.* 

Exceptions from the penalty tax also apply to certain distributions taken for qualified birth or adoption expenses and certain qualified disaster distributions. The Code also provides for the opportunity to repay such distributions to an eligible retirement plan, including an IRA. Please consult with your own qualified tax professional to determine whether you qualify for any of these exceptions and what tax treatment will apply to the distribution and any repayment, where the Code allows repayment of a distribution.

These exceptions, as well as certain others not described herein, generally apply to taxable distributions from Other Qualified Plans (although, in the case of plans qualified under sections 401 and 403 of the Code, the exception for substantially equal periodic payments applies only if the Contract Owner has separated from service). The SECURE 2.0 Act of 2022 created additional exceptions from the penalty tax not described herein. If you wish to take a distribution and rely on an exception to the penalty tax, please consult with your own qualified tax professional.

*Withholding on Eligible Rollover Distributions* 

Eligible rollover distributions from a retirement plan that is qualified under sections 401(a), 403(a) or 403(b) of the Code, or from a governmental deferred compensation plan described in section 457(b) of the Code are subject to mandatory withholding. An eligible rollover distribution generally is any taxable distribution from such plans except: (i) minimum distributions required under section 401(a)(9) of the Code; (ii) certain distributions for life, life expectancy, or for 10 years or more which are part of a "series of substantially equal periodic payments;" and (iii) if applicable, certain hardship withdrawals.

Federal income tax of 20% will generally be withheld from an eligible rollover distribution. The withholding is mandatory, and you cannot elect to have it not apply. This 20% withholding will not apply, however, if instead of receiving the eligible rollover distribution, you choose to have it directly transferred to an eligible retirement plan, including a traditional IRA, or to a Roth IRA. The SECURE 2.0 Act of 2022 also created limited exceptions from the 20% withholding requirement for certain types of distributions.

If we have to withhold a portion of your distribution, we will treat any amount we withhold as a withdrawal from your <br> Contract, which could result in an Excess Withdrawal or other type of reduction in the guarantees and benefits that you may <br> have purchased under an optional benefits Rider to your Contract.<br>

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We do not need to withhold any amounts if you provide us with information, on the forms we require for this purpose, that <br> you wish to assign a Qualified Contract to another Qualified Plan and/or transfer amounts from that Contract directly to <br> another Qualified Plan. Similarly, if you wish to make Additional Purchase Payments to a Qualified Contract, you may find <br> it advantageous to instruct your existing retirement plan to transfer amounts directly to us, in lieu of making a distribution to <br> you. **Please seek independent tax advice if you intend to maintain a Contract for use with a Qualified Plan.**<br>

*Designated Roth Accounts within Other Qualified Plans* 

The Small Business Jobs Act of 2010 authorizes: (1) participants in governmental deferred compensation plans described in section 457(b) to contribute deferred amounts to designated Roth accounts within their 457(b) plan; and (2) participants in 401(k), 403(b) and certain other plans to roll over qualified distributions into a designated Roth account within their plans, *if allowed by their plans.* The Contract, however, was not designed to separately account for any Contract Value in a single Contract that is split between Roth and non-Roth accounts, *even if your 401(k) Plan, 403(b) Plan or 457 Plan allows you to split your account.* If your plan allows it, and you split your Contract Value into Roth and non-Roth accounts, you or your plan administrator (in the case of 401(k) Plans) will be responsible for the accounting of your Contract Value for tax purposes: calculating withholding, income tax reporting, and verifying Required Minimum Distributions made under our Life Expectancy Distribution Program. We are not responsible for the calculations of any service provider that you may use to split Contract Value between Roth and non-Roth accounts. We will deny any request that would create such a split.

*Rollover to a Roth IRA* 

Current tax law no longer imposes a restriction, based on adjusted gross income, on a taxpayer's ability to initiate a direct rollover from a non-Roth account in a Qualified Plan to a Roth IRA. Accordingly, taxpayers with more than $100,000 of adjusted gross income may now initiate a direct rollover of a distribution from a retirement plan described in sections 401(a), 403(a), or 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code to a Roth IRA. The Roth IRA annual contribution limit does not apply to rollover amounts.

You must, however, pay tax on any portion of the rollover amount that would have been taxed if you had not made a direct rollover to a Roth IRA. No similar limitations apply to rollovers to one Roth IRA from another Roth IRA or from a Roth account in a retirement plan described in section 401(a) or section 403(b) of the Code or a governmental deferred compensation plan described in section 457(b) of the Code. Please note that the amount deemed to be the "rollover amount" for tax purposes may be higher than the Contract Value because of the deemed value of guarantees.

A 10% penalty tax for premature distributions may apply if amounts converted to a Roth IRA are distributed within the 5-taxable year period beginning in the year the conversion is made. Generally, the amount converted to a Roth IRA is included in ordinary income for the year in which the account was converted.

If you instruct us to transfer a rollover amount from a Qualified Contract to a Roth IRA, we will assume it is permitted <br> under your plan and you may instruct us to not withhold any of the rollover for taxes and remittance to the IRS. A direct <br> rollover is not subject to mandatory tax withholding, even if the distribution is includible in gross income. If you instruct us <br> to withhold taxes in connection with a direct rollover from an existing Contract to a Roth IRA, we will treat any amount we <br> withhold as a withdrawal from your Contract. This could result in an Excess Withdrawal, or other reduction of the <br> guarantees and benefits you may have purchased under an optional benefits Rider to your Contract. Please read Appendix <br> C: "Optional Guaranteed Minimum Withdrawal Benefits" for information about the impact of withdrawals on optional <br> benefit Riders.<br>

Given the taxation of direct rollovers to a Roth IRA and the potential for an early distribution penalty tax, you should consider the resources that you have available, other than your retirement plan assets, for paying any taxes that would become due the year of any such rollover or a subsequent year. Please seek independent qualified tax advice if you intend to use the Contract in connection with a Roth IRA.

*Section 403(b) Plans* 

Section 403(b) of the Code permits public school employees and employees of certain types of tax-exempt organizations to have their employers purchase annuity contracts for them and, subject to certain limitations, to exclude the Purchase Payments from gross income for tax purposes. If you purchased a Contract for use in a retirement plan intended to qualify under section 403(b) of the Code (a "Section 403(b) Plan" or the "Plan"), we may restrict your ability to make Additional Purchase Payments unless (a) we receive the Additional Purchase Payment directly from the Section 403(b) Plan through your

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employer, the Plan's administrator, the Plan's sponsor or in the form of a transfer acceptable to us, (b) we have entered into an agreement with your Section 403(b) Plan concerning the sharing of information related to your Contract (an "Information Sharing Agreement"), and (c) unless contained in the Information Sharing Agreement, we have received a written determination by your employer, the Plan administrator or the Plan sponsor of your Section 403(b) Plan that the plan qualifies under section 403(b) of the Code and complies with applicable Treasury Department regulations (a "Certificate of Compliance") (Information Sharing Agreement and Certificate of Compliance, together, the "Required Documentation").

We may accept, reject or modify any of the terms of a proposed Information Sharing Agreement presented to us, and make no representation that we will enter into an Information Sharing Agreement with your Section 403(b) Plan.

**Additional Purchase Payments.** We will not accept Additional Purchase Payments in the form of salary reduction, matching or other similar contributions in the absence of the Required Documentation. Matching or other employer contributions to Contracts issued on or after January 1, 2009, will be subject to restrictions on withdrawals specified in the Section 403(b) Plan.

We will not knowingly accept transfers, in the absence of the Required Documentation, from another existing annuity contract or other investment under a Section 403(b) Plan to a previously issued Contract used in a Section 403(b) Plan. Subject to our receipt of the Required Documentation, such transfers shall be made directly from a Plan through an employer, a Plan administrator or a Plan sponsor, or by a transfer acceptable to us.

In the event that we do not receive the Required Documentation and you nonetheless direct us to accept a Purchase Payment, the transfer may be treated as a taxable transaction.

*Restrictions on Section 403 (b) Plans* 

Tax-sheltered annuity contracts must contain restrictions on withdrawals of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• contributions made pursuant to a salary reduction agreement in years beginning after December 31, 1988;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• earnings on those contributions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• earnings after 1988 on amounts attributable to salary reduction contributions (and earnings on those contributions) held as of the last day of 1988.

In general, these amounts can be paid only if the employee has reached age 59½, separated from service, died, or become disabled (within the meaning of the tax law), or in the case of hardship (within the meaning of the tax law). Amounts permitted to be distributed in the event of hardship are limited to actual contributions for elective contributions made after 1988; earnings thereon cannot be distributed on account of hardship. Under certain circumstances, amounts may be withdrawn if the employee is a reservist who has been called to active duty (see section 72(t)(2)(G) of the Code). Amounts subject to the withdrawal restrictions applicable to section 403(b)(7) custodial accounts may be subject to more stringent restrictions.

Exercise of the withdrawal right for each withdrawal under the Contract may be subject to the terms of the Section 403(b) Plan and may require the consent of the employer, the Plan administrator or the Plan sponsor, as well as the participant's spouse, under section 403(b) of the Code and applicable Treasury Regulations.

In the event that we do not receive the Required Documentation and you nonetheless direct us to proceed with the withdrawal, your Contract may no longer be qualified under section 403(b), which may result in additional adverse tax consequences to you. Employer consent is not required when we have received documentation in a form acceptable to us confirming that you have reached age 59½, separated from service, died or become disabled. (These limitations on withdrawals do not apply to the extent we are directed to transfer some or all of the Contract Value to the issuer of another tax-sheltered annuity or into a section 403(b)(7) custodial account.)

*Loans under section 403(b) of the Code* 

You may be eligible for a loan of some or all of your Contract Value if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We issued your Contract prior to November 12, 2007;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract does not contain a GMWB Rider;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract is intended for use with a retirement plan qualified under section 403(b) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The retirement plan is not subject to Title 1 of ERISA; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your retirement plan permits you to request the loan.

Loans from Qualified Contracts intended for use under retirement plans qualified under section 403(b) of the Code, where allowed, are subject to a variety of limitations, including restrictions as to the amount that may be borrowed, the duration of the loan and the manner in which the loan must be repaid.

Loans are subject to the Code, Treasury regulations, IRS rulings, and our procedures in effect at the time you apply for a loan. Because the rules governing loans under section 403(b) Contracts are complicated, please consult your tax professional before exercising any loan privilege for which you are eligible. Failure to meet the requirements for loans may result in adverse income tax consequences to you. The loan agreement you sign will describe the restrictions and limitations applicable to the loan at the time you apply.

Federal tax law generally requires loans to be repaid within 5 years (except in cases where the loan was used to acquire the principal residence of a plan participant), with repayments made at least quarterly and in level payments over the term of the loan. Interest will be charged on your Loan Amount. Failure to make a loan repayment when due will result in adverse tax income tax consequences to you.

We deduct the amount of any Unpaid Loans from the death benefit otherwise payable under the Contract. In addition, loans, whether or not repaid, will have a permanent effect on the Contract Value because the investment results of the Investment Accounts will apply only to the unborrowed portion of the Contract Value. The longer a loan is unpaid, the greater the effect is likely to be. The effect could be favorable or unfavorable.

*If you have a loan outstanding under a Contract intended for use with a Section 403(b) Plan, any surrender or transfer of your Contract may subject you to income taxation on the amount of the loan balance.* 

*Restrictions under the Texas Optional Retirement Program* 

Section 830.105 of the Texas Government Code permits participants in the Texas Optional Retirement Program ("ORP") to withdraw their interest in a variable annuity contract issued under the ORP only upon:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of employment in all Texas public institutions of higher education;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• retirement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• death; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the participant's turning age 70½.

Accordingly, before you withdraw any amounts from the Contract, you must furnish proof to us that one of these four events has occurred. For these purposes a change of company providing ORP benefits or a participant's transfer between institutions of higher education is not a termination of employment. Consequently there is no termination of employment when a participant in the ORP transfers the Contract Value to another Contract or another qualified custodian during the period of participation in the ORP.

*Puerto Rico Contracts Issued to Fund Retirement Plans* 

The tax laws of Puerto Rico vary significantly from the provisions of the Internal Revenue Code of the United States that are applicable to various Qualified Plans. If you purchased a Contract intended for use in connection with Puerto Rican "tax qualified" retirement plans, please note that the text of this Prospectus addresses U.S. federal tax law only and is inapplicable to the tax laws of Puerto Rico.

**See Your Own Tax Professional** 

The foregoing description of federal income tax topics and issues is only a brief summary and is not intended as tax advice. It does not include a discussion of federal estate and gift tax or state tax consequences. The rules under the Code governing Qualified Plans are extremely complex and often difficult to understand. Changes to the tax laws may be enforced retroactively. Anything less than full compliance with the applicable rules, all of which are subject to change from time to time, can have adverse tax consequences. The taxation of an Annuitant or other payee has become so complex and confusing that great care must be taken to avoid pitfalls. For further information, please consult with your own qualified tax professional.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**X. General Matters** 

**Asset Allocation Services** 

We are aware that certain third parties may have offered asset allocation services ("Asset Allocation Services") in connection with the Contracts through which a third party may transfer amounts among Investment Options from time to time on your behalf. In certain cases we have agreed to honor transfer instructions from such Asset Allocation Services where we have received powers of attorney, in a form acceptable to us, from the Contract Owners participating in the service and where the Asset Allocation Service has agreed to the trading restrictions imposed by us. These trading restrictions include adherence to a Separate Account's policies that we have adopted to discourage disruptive frequent trading activity. (See "Transfers Among Investment Options.") **We do *not* endorse, approve or recommend such services in any way. If you authorize payment for such services from your Contract Value: (1) we treat the payments as withdrawals under the terms described earlier in this Prospectus; and (2) any such withdrawals may incur a withdrawal charge or other fee under the terms described in this Prospectus, which would be separate and in addition to any other charges and fees you may pay for other withdrawals.** (See "VII. Description of the Contract Accumulation Period Provisions – Withdrawals" for information about the treatment of withdrawals under the Contract. You should also refer to Appendix C: "Optional Guaranteed Minimum Withdrawal Benefits," or Appendix D: "Optional Guaranteed Minimum Income Benefits," if you purchased one of our optional benefit Riders, for information about the impact of withdrawals on the Rider's benefits.)

**Distribution of Contracts** 

John Hancock Distributors, LLC ("JH Distributors"), a Delaware limited liability company that we control, is the principal underwriter and distributor of the Contracts offered through this Prospectus and of other annuity and life insurance products we and our affiliates offer. JH Distributors also acts as the principal underwriter of the John Hancock Variable Insurance Trust, whose securities are used to fund certain Variable Investment Options under the Contracts and under other annuity and life insurance products we offer.

JH Distributors' principal address is 200 Berkeley Street, Boston, Massachusetts 02116. JH Distributors is a broker-dealer registered under the Securities Exchange Act of 1934, (the "1934 Act") and is a member of the Financial Industry Regulatory Authority ("FINRA").

We offered the Contracts for sale through broker-dealers that had entered into selling agreements with JH Distributors. Broker-dealers sold the Contracts through their registered representatives who were appointed by us to act as our insurance agents. JH Distributors may also have offered the Contracts directly to potential purchasers.

JH Distributors may continue to pay compensation to broker-dealers for the promotion, sale and servicing of the Contracts. Contract Owners do not pay this compensation directly. These payments are made from JH Distributors' and our own revenues, profits or retained earnings, which may be derived from a number of sources, such as fees received from a Portfolio's distribution plan ("12b-1 fees"), the fees and charges imposed under the Contract, and other sources, including distribution plans of the underlying portfolios of a Portfolio that is a fund of funds.

The individual representative who sold you a Contract may receive a portion of the compensation that we pay for servicing an existing Contract, or that we pay upon receipt of an Additional Purchase Payment, under the representative's own arrangement with his or her broker-dealer. We may also continue to pay commissions or overrides to a limited number of broker-dealers that provided marketing support and training services to the broker-dealers that sold and service the Contracts.

*Standard Compensation* 

The amount and timing of compensation JH Distributors pays to broker-dealers may vary depending on the selling agreement, but compensation with respect to Contracts sold through broker-dealers (inclusive of wholesaler overrides and expense allowances) and paid to broker-dealers is not expected to exceed 8% of Purchase Payments. In addition, beginning one year after each Purchase Payment, JH Distributors may pay ongoing compensation at an annual rate of up to 1.20% of the values of the Contracts attributable to such Purchase Payments. The greater the amount of compensation paid by JH Distributors at the time you make a Purchase Payment, the less it will pay as ongoing compensation. This compensation is not paid directly by Contract Owners. JH Distributors pays the compensation from its assets but expects to recoup it through the fees and charges imposed under the Contract (see "VIII. Charges and Deductions").

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*Revenue Sharing and Additional Compensation* 

In addition to standard compensation arrangements and to the extent permitted by SEC and FINRA rules and other applicable laws and regulations, we, either directly or through JH Distributors, may have entered into special compensation or reimbursement arrangements ("revenue sharing") with selected broker-dealers ("firms"). We determined which firms to support and the extent of the payments that we made and may continue to make. Under these arrangements, the form of payment may have been any one or a combination of a flat fee, a percentage of the assets we hold that are attributable to Contract allocations, a percentage of sales revenues, reimbursement of administrative expenses (including ticket charges), conference fees, or some other type of compensation.

In consideration of these arrangements, a firm may have given us preferential access to members of its sales force. In addition, the firm may have agreed to participate in our marketing and on-going training and servicing activities by allowing JH Distributors or its affiliates to participate in conferences, seminars or other programs attended by the firm's sales force.

These arrangements were not offered to all firms, and the terms of such arrangements differed between firms. During 2012, we terminated these revenue sharing arrangements with broker-dealers with respect to the sale of the Contracts, although a small number of firms continue to receive revenue sharing payments in accordance with the terms of agreements entered into with those particular firms. We provide additional information on special compensation or reimbursement arrangements, including a list of firms to whom we paid annual amounts greater than $5,000 under these arrangements, in the SAI, which is available upon request. Any such compensation, which may have been significant at times, does not result in any additional direct charge to you by us.

Broker-dealers may receive or may have received additional payments from us, either directly or through JH Distributors, in the form of cash, other special compensation or reimbursement of expenses. These additional compensation or reimbursement payments may have included, for example, payments for providing conferences or seminars, sales or training programs for invited registered representatives and other employees, payments for travel expenses, including lodging, incurred by registered representatives and other employees for such seminars or training programs, seminars for the public, advertising and sales campaigns regarding the Contract, and payments to assist a firm in connection with its marketing expenses and/or other events or activities sponsored by the firms. We may have contributed to, as well as sponsored, various educational programs, sales promotions and/or contests in which participating firms and their sales persons may have received gifts and prizes such as merchandise, cash, or other awards, as may be permitted by applicable FINRA rules and other applicable laws and regulations.

*Differential Compensation* 

Compensation negotiated and paid by JH Distributors pursuant to a selling agreement with a broker-dealer may differ from compensation levels that the broker-dealer receives for selling or servicing other variable contracts. The compensation and revenue sharing arrangements may have given us benefits such as greater access to registered representatives. In addition, under their own arrangements, broker-dealer firms may pay a portion of any amounts received from us under standard or additional compensation or revenue sharing arrangements to their registered representatives. The additional compensation and revenue sharing arrangements may have given us benefits such as greater access to registered representatives. As a result, registered representatives may have been motivated to recommend one of our contracts over another issuer's contract.

For sales representatives of certain affiliates, the amount of additional compensation paid was based primarily on the amount of proprietary products sold and serviced by the representative. Proprietary products are those issued by us or our affiliates. The managers who supervised these sales representatives may also have been entitled to additional cash compensation based on the sale of proprietary products sold by their representatives. Because the additional cash compensation paid to these sales representatives and their managers was primarily based on sales of proprietary products, these sales representatives and their managers had an incentive to favor the sale of proprietary products over other products issued by non-affiliates.

*Contracts Sold Directly Without Payment of Any Sales Compensation* 

*(John Hancock USA Contracts only; not available in NY)* 

The Contract may have been sold directly to certain individuals under various circumstances that did not involve payment of any sales compensation to a registered representative. The following classes of individuals are eligible for this waiver:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• officers, directors, trustees or employees (or a relative thereof) of John Hancock USA, Manulife, the John Hancock Variable Insurance Trust or any of their affiliates; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• employees and registered representatives (and their immediate families) of registered broker-dealers (or their financial institutions) that: (1) have a sales agreements with John Hancock USA and its principal underwriter, JH Distributors, to sell the Contracts and (2) have approved the payment of the credit to their employees and registered representatives.

**Transaction Confirmations** 

We send you confirmation statements for certain transactions in your Investment Accounts. You should carefully review these transaction confirmations to verify their accuracy. Please report any mistakes immediately to our Annuities Service Center. If you fail to notify our Annuities Service Center of any mistake within 60 days of the delivery of the transaction confirmation, we will deem you to have ratified the transaction. We encourage you to register for electronic delivery of your transaction confirmations. Please contact the John Hancock Annuities Service Center at the applicable telephone number or internet address shown on the back cover of this Prospectus for more information on electronic transactions.

**Reinsurance Arrangements** 

From time to time we may utilize reinsurance as part of our risk management program. Under any reinsurance agreement, we remain liable to the Contract Owners for the contractual obligations under the Contracts, including guaranteed benefits, and the reinsurer agrees to indemnify us for certain risks they assume under the Contracts that are covered in the reinsurance agreements. The reinsurance agreement is an agreement solely between us and the reinsurer and no Contract Owner has any right of action against the reinsurer. In evaluating reinsurers, we consider the financial and claims paying ability ratings of the reinsurer. Our philosophy is to minimize incidental credit risk. We do so with a combination of transacting with high quality reinsurers, diversifying reinsurance counterparties to limit concentrations, and engaging in reinsurance transactions that include collateral. Some of the benefits that may be reinsured include living benefits, guaranteed death benefits, or other obligations.

*Legal and Regulatory Matters* 

There are no legal proceedings to which we, the Separate Account or the principal underwriter is a party, or to which the assets of the Separate Account are subject, that are likely to have a material adverse effect on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Separate Account; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the ability of the principal underwriter to perform its contract with the Separate Account; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• on our ability to meet our obligations under the variable annuity contracts funded through the Separate Account.

*Financial Statements* 

The Statements of Additional Information contain the Company's financial statements for the years ended December 31, 2025 and 2024, and its Separate Account financial statements for the year ended December 31, 2025 (the "Financial Statements"). Our Financial Statements provide information on our financial strength as of December 31, 2025, including information on our General Account assets that were available at that time to support our guarantees under the Contracts and any optional benefit Riders. The Company's General Account consists of securities and other investments, the value of which may decline during periods of adverse market conditions.

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**Appendix: Portfolios Available Under the Contract** 

**Variable Investment Options.** The following is a list of Portfolios available under the Contract. More information about the Portfolios is available in the prospectuses for the Portfolios, which may be amended from time to time. You can request this information at no cost by calling the phone number on the back cover of this Prospectus or by sending an email request to life_and_annuities_prospectuses@jhancock.com. The Portfolios available may be restricted if you purchased a guaranteed minimum withdrawal benefit Rider.

The current expenses and performance information below reflects fees and expenses of the Portfolios, but do not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To approximate the aggregate total return <br> of a broad-based U.S. domestic equity <br> market index.<br>| 500 Index Trust - Series NAV<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.25%<sup>\*</sup> | 17.57 | 14.12 | 14.52 |
| To seek income and capital appreciation. | Active Bond Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.90%<sup>\*</sup> | &nbsp;&nbsp; 7.18 | -0.17 | &nbsp;&nbsp; 2.41 |
| To seek to provide high total return <br> (including income and capital gains) <br> consistent with preservation of capital <br> over the long term.<br>| American Asset Allocation Trust - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 1.06%<sup>\*</sup> | 15.31 | &nbsp;&nbsp; 8.47 | &nbsp;&nbsp; 9.27 |
| To seek to provide long-term growth of <br> capital.<br>| American Global Growth Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 1.22%<sup>\*</sup> | 21.08 | &nbsp;&nbsp; 7.74 | 11.65 |
| To seek to provide growth of capital. | American Growth Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 1.10%<sup>\*</sup> | 19.73 | 12.88 | 17.46 |
| To seek to provide long-term growth of <br> capital and income.<br>| American Growth-Income Trust - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 1.06% | 17.53 | 13.38 | 13.41 |
| To provide long-term growth of capital. <br> Current income is a secondary objective.<br>| Blue Chip Growth Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.00%<sup>\*</sup> | 18.26 | 11.48 | 15.33 |

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App Table #1

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek long-term capital appreciation. | Capital Appreciation Value Trust - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.13%<sup>\*</sup> | 11.35 | &nbsp;&nbsp; 8.84 | 10.67 |
| To seek total return consisting of income <br> and capital appreciation.<br>| Core Bond Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Allspring Global Investments, LLC*<br>| 0.87%<sup>\*</sup> | &nbsp;&nbsp; 6.77 | -0.78 | &nbsp;&nbsp; 1.70 |
| To seek long-term capital appreciation. | Disciplined Value Emerging Markets <br> Equity Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 1.16%<sup>\*</sup> | 31.68 | &nbsp;&nbsp; 7.58 | &nbsp;&nbsp; 8.28 |
| To seek long-term growth of capital. | Disciplined Value International Trust - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 1.04% | 40.60 | 12.41 | &nbsp;&nbsp; 8.69 |
| To provide substantial dividend income <br> and also long-term growth of capital.<br>| Equity Income Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.98%<sup>\*</sup> | 14.18 | 10.88 | 10.25 |
| To seek growth of capital. | Financial Industries Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.13%<sup>\*</sup> | 11.82 | 11.21 | 10.32 |
| To seek long-term growth of capital. | Fundamental All Cap Core Trust - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.96%<sup>\*</sup> | &nbsp;&nbsp; 4.57 | 11.51 | 13.51 |
| To seek long-term capital appreciation. | Fundamental Large Cap Value Trust - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.97%<sup>\*</sup> | 15.71 | 14.68 | 12.36 |
| To seek long-term capital appreciation. | Global Equity Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.13%<sup>\*</sup> | 17.91 | &nbsp;&nbsp; 9.89 | &nbsp;&nbsp; 8.13 |
| To seek long-term capital appreciation. | Health Sciences Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.24%<sup>\*</sup> | 19.22 | &nbsp;&nbsp; 3.94 | &nbsp;&nbsp; 8.48 |

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App Table #1

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| The fund seeks high current income. <br> Capital appreciation is a secondary goal.<br>| High Yield Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.94%<sup>\*</sup> | &nbsp;&nbsp; 7.25 | &nbsp;&nbsp; 3.74 | &nbsp;&nbsp; 5.86 |
| To seek to track the performance of a <br> broad-based equity index of foreign <br> companies primarily in developed <br> countries and, to a lesser extent, in <br> emerging markets.<br>| International Equity Index Trust - Series <br> NAV<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*SSGA Funds Management, Inc.*<br>| 0.34%<sup>\*</sup> | 32.57 | &nbsp;&nbsp; 7.68 | &nbsp;&nbsp; 8.33 |
| To seek long-term capital appreciation. | International Small Company Trust - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>| 1.26%<sup>\*</sup> | 34.67 | &nbsp;&nbsp; 7.77 | &nbsp;&nbsp; 7.57 |
| To provide a high level of current income <br> consistent with the maintenance of <br> principal and liquidity.<br>| Investment Quality Bond Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.97%<sup>\*</sup> | &nbsp;&nbsp; 6.67 | -0.69 | &nbsp;&nbsp; 2.16 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on growth of <br> capital.<br>| Lifestyle Balanced Portfolio - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.99%<sup>\*</sup> | 13.81 | &nbsp;&nbsp; 5.23 | &nbsp;&nbsp; 6.81 |
| To seek a high level of current income <br> with some consideration given to growth <br> of capital.<br>| Lifestyle Conservative Portfolio - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.96%<sup>\*</sup> | &nbsp;&nbsp; 9.82 | &nbsp;&nbsp; 1.77 | &nbsp;&nbsp; 3.95 |
| To seek long-term growth of capital. <br> Current income is also a consideration.<br>| Lifestyle Growth Portfolio - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.01%<sup>\*</sup> | 16.51 | &nbsp;&nbsp; 7.58 | &nbsp;&nbsp; 8.69 |
| To seek a balance between a high level of <br> current income and growth of capital, <br> with a greater emphasis on income.<br>| Lifestyle Moderate Portfolio - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.98%<sup>\*</sup> | 12.48 | &nbsp;&nbsp; 4.05 | &nbsp;&nbsp; 5.84 |
| To seek growth of capital and current <br> income while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Balanced Portfolio - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.12% | &nbsp;&nbsp; 9.51 | &nbsp;&nbsp; 4.41 | &nbsp;&nbsp; 5.31 |

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App Table #1

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek current income and growth of <br> capital, while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Conservative Portfolio <br> - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.10% | &nbsp;&nbsp; 8.63 | &nbsp;&nbsp; 0.76 | &nbsp;&nbsp; 2.89 |
| To seek long term growth of capital while <br> seeking to both manage the volatility of <br> return and limit the magnitude of <br> portfolio losses.<br>| Managed Volatility Growth Portfolio - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.16% | 10.57 | &nbsp;&nbsp; 6.05 | &nbsp;&nbsp; 6.02 |
| To seek current income and growth of <br> capital while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Moderate Portfolio - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 1.12% | &nbsp;&nbsp; 9.06 | &nbsp;&nbsp; 3.53 | &nbsp;&nbsp; 4.85 |
| To seek long-term growth of capital. | Mid Cap Growth Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 1.13%<sup>\*</sup> | &nbsp;&nbsp; 5.94 | &nbsp;&nbsp; 1.10 | 11.47 |
| Seeks to approximate the aggregate total <br> return of a mid cap U.S. domestic equity <br> market index.<br>| Mid Cap Index Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.66%<sup>\*</sup> | &nbsp;&nbsp; 6.81 | &nbsp;&nbsp; 8.42 | 10.02 |
| To seek long-term capital appreciation. | Mid Value Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.23%<sup>\*</sup> | &nbsp;&nbsp; 5.65 | 11.45 | 10.63 |
| To obtain maximum current income <br> consistent with preservation of principal <br> and liquidity.<br>| Money Market Trust - Series NAV<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.28%<sup>\*</sup> | &nbsp;&nbsp; 4.07 | &nbsp;&nbsp; 3.03 | &nbsp;&nbsp; 1.97 |
| To seek maximum total return, consistent <br> with preservation of capital and prudent <br> investment management.<br>| Opportunistic Fixed Income Trust - Series <br> II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 1.17%<sup>\*</sup> | &nbsp;&nbsp; 9.20 | &nbsp;&nbsp; 0.37 | &nbsp;&nbsp; 2.99 |
| To seek to achieve a combination of long-<br> term capital appreciation and current <br> income.<br>| Real Estate Securities Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 1.01%<sup>\*</sup> | &nbsp;&nbsp; 0.40 | &nbsp;&nbsp; 5.51 | &nbsp;&nbsp; 5.66 |

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App Table #1

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek long-term growth of capital. <br> Current income is incidental to the fund's <br> objective.<br>| Science & Technology Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.24%<sup>\*</sup> | 23.29 | 12.74 | 19.54 |
| To seek income and capital appreciation. | Select Bond Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.85%<sup>\*</sup> | &nbsp;&nbsp; 7.36 | -0.51 | &nbsp;&nbsp; 2.01 |
| To seek a high level of current income <br> consistent with preservation of capital. <br> Maintaining a stable share price is a <br> secondary goal.<br>| Short Term Government Income Trust - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.90%<sup>\*</sup> | &nbsp;&nbsp; 4.95 | &nbsp;&nbsp; 0.43 | &nbsp;&nbsp; 1.01 |
| To seek long-term capital appreciation. | Small Cap Core Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>1.15%<sup>\*</sup> | -0.12 | &nbsp;&nbsp; 6.28 | &nbsp;&nbsp; 5.84 |
| Seeks to approximate the aggregate total <br> return of a small cap U.S. domestic equity <br> market index.<br>| Small Cap Index Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.73%<sup>\*</sup> | 12.12 | &nbsp;&nbsp; 5.45 | &nbsp;&nbsp; 8.97 |
| To seek long-term capital appreciation. | Small Cap Opportunities Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>1.12%<sup>\*</sup> | &nbsp;&nbsp; 8.94 | 10.32 | &nbsp;&nbsp; 9.82 |
| To seek long-term capital appreciation. | Small Cap Stock Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>1.33%<sup>\*</sup> | 12.50 | &nbsp;&nbsp; 0.16 | &nbsp;&nbsp; 9.86 |
| To seek long-term growth of capital. | Small Company Value Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.41%<sup>\*</sup> | &nbsp;&nbsp; 7.00 | &nbsp;&nbsp; 5.77 | &nbsp;&nbsp; 8.72 |
| To seek a high level of current income. | Strategic Income Opportunities Trust - <br> Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.99%<sup>\*</sup> | &nbsp;&nbsp; 7.22 | &nbsp;&nbsp; 1.34 | &nbsp;&nbsp; 3.00 |
| To seek to track the performance of the <br> Bloomberg U.S. Aggregate Bond Index <br> (the "Bloomberg Index") (which <br> represents the U.S. investment grade bond <br> market).<br>| Total Bond Market Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.50%<sup>\*</sup> | &nbsp;&nbsp; 6.67 | -0.91 | &nbsp;&nbsp; 1.48 |

---

App Table #1

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| Seeks to approximate the aggregate total <br> return of a broad U.S. domestic equity <br> market index.<br>| Total Stock Market Index Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.76%<sup>\*</sup> | 16.43 | 12.14 | 13.44 |
| To seek long-term growth of capital. | U.S. Growth Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.87%<sup>\*</sup> | 20.55 | 11.51 | 16.84 |
| The fund seeks a high level of current <br> income consistent with the maintenance <br> of liquidity and the preservation of <br> capital.<br>| Ultra Short Term Bond Trust - Series II<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.87%<sup>\*</sup> | &nbsp;&nbsp; 4.02 | &nbsp;&nbsp; 2.27 | &nbsp;&nbsp; 1.75 |

---

*\* This portfolio's annual expenses reflect temporary fee or expense waivers or reimbursements.*

**GMWB Rider (Available Individual Investment Options).** If you purchased a Contract with a GMWB Rider, we limit the individual Investment Options to which you may allocate your Contract Value. The currently available individual Investment Options invest in the following Portfolios:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Balanced Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Conservative Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Growth Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Moderate Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Balanced Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Conservative Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Growth Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Moderate Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total Bond Market Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ultra Short Term Bond Trust

**Restricted Individual Investment Options.** The following individual Investment Options, which may have been available when you purchased a GMWB Rider, are currently restricted ("Restricted Options"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• American Asset Allocation Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital Appreciation Value Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Money Market Trust

There may have been additional Investment Options available under Restricted Model Allocations. See Appendix C for more information.

App Table #1

------

**Appendix A: Examples of Calculation of Withdrawal Charge** 

**Example 1.** Assume a single payment of $50,000 is made into the Contract, no transfers are made, no Additional Purchase Payments are made, there are no withdrawals, and the Payment Enhancement is not elected. The table below illustrates five examples of the withdrawal charges that would be imposed if the Contract is completely withdrawn, based on hypothetical Contract Values. During any Contract Year the free Withdrawal Amount is the greater of accumulated earnings, or 10% of the total payments made under the Contract less any prior withdrawals in that Contract Year.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Contract Year** | **Hypothetical**<br> **Contract Value** | **Payments**<br> **Liquidated** | **Withdrawal Charge** | **Withdrawal Charge** |
| **Contract Year** | **Hypothetical**<br> **Contract Value** | **Payments**<br> **Liquidated** | **Percent** | **Amount** |
| 2 | &nbsp;&nbsp; $55000<br>&nbsp;&nbsp; $5000<sup>1</sup> <br>| &nbsp;&nbsp; $50000 | &nbsp;&nbsp; 6% | &nbsp;&nbsp; $3000 |
| 4 | &nbsp;&nbsp; $50500<br>&nbsp;&nbsp; $5000<sup>2</sup> <br>| &nbsp;&nbsp; $45500 | &nbsp;&nbsp; 5% | &nbsp;&nbsp; $2275 |
| 6 | &nbsp;&nbsp; $60000<br>&nbsp;&nbsp; $10000<sup>3</sup> <br>| &nbsp;&nbsp; $50000 | &nbsp;&nbsp; 3% | &nbsp;&nbsp; $1500 |
| 7 | &nbsp;&nbsp; $35000<br>&nbsp;&nbsp; $5000<sup>4</sup> <br>| &nbsp;&nbsp; $45000<sup>4</sup> <br>| &nbsp;&nbsp; 2% | &nbsp;&nbsp; $900 |
| 8 | &nbsp;&nbsp; $70000<br>&nbsp;&nbsp; $20000<sup>5</sup> <br>| &nbsp;&nbsp; $50000 | &nbsp;&nbsp; 0% | &nbsp;&nbsp; $0 |

---

<sup>1</sup>

*In the second Contract Year the earnings under the Contract and 10% of payments both equal $5,000. Consequently, on total withdrawal $5,000 is withdrawn free of the withdrawal charge, the entire $50,000 payment is liquidated and the withdrawal charge is assessed against such liquidated payment (Contract Value less free Withdrawal Amount).* 

<sup>2</sup>

*In the example for the fourth Contract Year, the accumulated earnings of $500 is less than 10% of payments, therefore the free Withdrawal Amount is equal to 10% of payments ($50,000 × 10% = $5,000) and the withdrawal charge is only applied to payments liquidated (Contract Value less free Withdrawal Amount).* 

<sup>3</sup>

*In the example for the sixth Contract Year, the accumulated earnings of $10,000 is greater than 10% of payments ($5,000), therefore the free Withdrawal Amount is equal to the accumulated earnings of $10,000 and the withdrawal charge is applied to the payments liquidated (Contract Value less free Withdrawal Amount).* 

<sup>4</sup>

*In the example for the seventh Contract Year, the Contract has negative accumulated earnings ($35,000 – $50,000), so the free Withdrawal Amount is equal to 10% of payments ($50,000 ×10% = $5,000) and the withdrawal charge is applied to total payments less the free Withdrawal Amount. This calculation only applies to John Hancock USA Contracts issued on or after April 1, 2003. For John Hancock USA Contracts issued prior to April 1, 2003 and for any John Hancock New York Contract, the withdrawal charge would be applied to the lesser of the total payments or the Contract Value, less the free Withdrawal Amount. In this example, the payments liquidated would be $30,000 ($35,000 – $5,000).* 

<sup>5</sup>

*There is no withdrawal charge on any payments liquidated that have been in the Contract for at least 7 years.* 

**Example 2.** Assume a single payment of $50,000 is made into the Contract, no transfers are made, no Additional Purchase Payments are made, the Payment Enhancement is not elected, and there are a series of four withdrawals made during the second Contract Year of $2,000, $5,000, $7,000 and $8,000. The free Withdrawal Amount during any Contract Year is the greater of the Contract Value less the unliquidated payments (accumulated earnings), or 10% of payments less 100% of all prior withdrawals in that Contract Year.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Hypothetical**<br> **Contract Value** | **Withdrawal**<br> **Requested** | **Payments**<br> **Liquidated** | **Withdrawal Charge** | **Withdrawal Charge** |
| **Hypothetical**<br> **Contract Value** | **Withdrawal**<br> **Requested** | **Payments**<br> **Liquidated** | **Percent** | **Amount** |
| $65000 | &nbsp;&nbsp; $2000<br>&nbsp;&nbsp; $15000<sup>1</sup> <br>| &nbsp;&nbsp; $0 | &nbsp;&nbsp; 5% | &nbsp;&nbsp; $0 |
| $49000 | &nbsp;&nbsp; $5000<br>&nbsp;&nbsp; $3000<sup>2</sup> <br>| &nbsp;&nbsp; $2000 | &nbsp;&nbsp; 5% | &nbsp;&nbsp; $100 |
| $52000 | &nbsp;&nbsp; $7000<br>&nbsp;&nbsp; $4000<sup>3</sup> <br>| &nbsp;&nbsp; $3000 | &nbsp;&nbsp; 5% | &nbsp;&nbsp; $150 |
| $44000 | &nbsp;&nbsp; $8000<br>&nbsp;&nbsp; $0<sup>4</sup> <br>| &nbsp;&nbsp; $8000 | &nbsp;&nbsp; 5% | &nbsp;&nbsp; $400 |

---

<sup>1</sup>

*For the first example, accumulated earnings of $15,000 is the free Withdrawal Amount since it is greater than 10% of payments less prior withdrawals ($5,000 – 0). The amount requested ($2,000) is less than the free Withdrawal Amount so no payments are liquidated and no withdrawal charge applies.* 

<sup>2</sup>

*The Contract has negative accumulate earnings ($49,000 – $50,000), so the free Withdrawal Amount is limited to 10% of payments less all prior withdrawals. Since $2,000 has already been withdrawn in the current Contract Year, the remaining free Withdrawal Amount during the third Contract Year is $3,000. The $5,000 withdrawal will consist of $3,000 free of withdrawal charge, and the remaining $2,000 will be subject to a withdrawal charge and result in payments being liquidated. The remaining unliquidated payments are $48,000.* 

------

<sup>3</sup>

*The Contract has increased in value to $52,000. The unliquidated payments are $48,000 so the accumulated earnings are $4,000, which is greater than 10% of payments less prior withdrawals ($5,000 – $2,000 – $5,000 ˂0). Hence the free withdrawal amount is $4,000. Therefore, $3,000 of the $7,000 withdrawal will be subject to a withdrawal charge and result in payments being liquidated. The remaining unliquidated payments are $45,000.* 

<sup>4</sup>

*The free Withdrawal Amount is zero since the Contract has negative accumulated earnings ($44,000 – $45,000) and the full 10% of payments ($5,000) has already been withdrawn. The full amount of $8,000 will result in payments being liquidated subject to a withdrawal charge. At the beginning of the next Contract Year the full 10% of payments would be available again for withdrawal requests during that year.*

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**Appendix B: Optional Enhanced Death Benefits** 

This Appendix provides a general description of the optional enhanced death benefits that may have been available at the time you purchased a Wealthmark Contract. If you purchased an optional enhanced death benefit Rider, you pay the charge shown in the Fee Tables for that benefit as long as it is in effect.

***You should carefully review your Contract, including any attached Riders, for complete information on benefits, conditions and limitations of any enhanced death benefit Riders applicable to your Contract.*** Please also carefully review "IX. Federal Tax Matters" for information about taxes applicable to optional benefit Riders.

The following is a list of the optional enhanced death benefit Riders that you may have had available to you at issue. Not all Riders were available at the same time or in all states.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Enhanced Earnings Death Benefit – Not offered in New York or Washington

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Accelerated Beneficiary Protection Death Benefit – Not offered in New York or Washington

**Enhanced Earnings Death Benefit** 

*(Not offered in New York or Washington)* 

Depending on availability, you may have elected the optional Enhanced Earnings Death Benefit for an additional charge of 0.20% of the value of the Variable Investment Options. With this benefit, on the death of any Contract Owner prior to the Maturity Date, John Hancock USA will pay the death benefit otherwise payable under the Contract plus the benefit payable under the Enhanced Earnings Death Benefit. Election of the Enhanced Earnings Death Benefit may only be made at issue, is irrevocable, and it may only be terminated as described below.

Subject to the maximum amount described below, the Enhanced Earnings Death Benefit provides a payment equal to 40% of the appreciation in the Contract Value (as defined below) upon the death of any Contract Owner if the oldest Owner is 69 or younger at issue, and 25% if the oldest Owner is 70 or older at issue.

The appreciation in the Contract Value is defined as the Contract Value less the sum of all Purchase Payments, reduced proportionally by any amount deducted in connection with withdrawals. The death benefit will also be reduced by the amount of any Unpaid Loans under a Contract in the case of Qualified Contracts.

If the oldest Owner is 69 or younger at issue, the maximum amount of the Enhanced Earnings Death Benefit is equal to 40% of the sum of all Purchase Payments, less any amounts deducted in connection with withdrawals. If the oldest Owner is 70 or older at issue, the maximum amount of the Enhanced Earnings death benefit is equal to 25% of the sum of all Purchase Payments, less any amounts deducted in connection with withdrawals.

The amount deducted in connection with withdrawals will be on a pro rata basis and will be equal to (i) multiplied by (ii) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) is equal to the Enhanced Earnings benefit prior to the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

If the Beneficiary under the Contract is the deceased Owner's Spouse and elects not to take the death benefit as a lump sum, upon the death of any Owner the Contract and the Enhanced Earnings Death Benefit will continue with the surviving Spouse as the new Contract Owner. In this case, upon the death of the surviving Spouse prior to the Maturity Date, a second Enhanced Earnings benefit will be paid and the entire interest in the Contract must be distributed to the new Beneficiary.

For purposes of calculating the Enhanced Earnings benefit payable on the death of the surviving Spouse, the Enhanced Earnings benefit will be equal to zero on the date of the first Contract Owner's death and the death benefit payable upon the first Contract Owner's death will be treated as a Purchase Payment. In addition, all Purchase Payments made, and all amounts deducted in connection with withdrawals prior to the date of the first Contract Owner's death, will not be considered in determining the Enhanced Earnings benefit.

**Example 1:** Assume you purchased a Contract with the Enhanced Earnings Death Benefit when you were 65. Also assume a single Purchase Premium of $100,000 and a Contract Value of $150,000 and no withdrawals. The Enhanced Earnings Death Benefit would provide an additional payment of $20,000 (($150,000 - $100,000) x 0.40).

------

**Example 2:** Assume the same scenario as above, but with a $15,000 withdrawal. In this case, the Enhanced Earnings Death Benefit is reduced pro rata by the withdrawal. The Enhanced Earnings Death Benefit of $20,000 above would be reduced by $2,000 ($20,000 x ($15,000/$150,000)).

*Termination of the Enhanced Earnings Death Benefit* 

The Enhanced Earnings Death Benefit will terminate upon the earliest to occur of: (a) the date the Contract terminates; (b) the Maturity Date; or (c) the date on which the Enhanced Earnings benefit is paid. However, as noted in the paragraph above, if the deceased Owner's Spouse is the Beneficiary, the Spouse may elect to continue the Contract (including the Enhanced Earnings Death Benefit) as the new Owner.

*Enhanced Earnings Fee* 

A daily charge at an annual effective rate of 0.20% of the value of each Variable Investment Option is deducted from each Subaccount for the Enhanced Earnings Death Benefit.

**The election of the Enhanced Earnings Death Benefit on a Contract may not always be in your interest since an additional fee is imposed for this benefit.** 

**Accelerated Beneficiary Protection Death Benefit** 

*(Not offered in New York or Washington)* 

Depending on availability, you may have elected the Accelerated Beneficiary Protection Death Benefit, which provides a death benefit, upon the death of any Owner prior to the Maturity Date. Under the Accelerated Beneficiary Protection Death Benefit, no death benefit is payable on the death of any Annuitant, except that if any Contract Owner is not a natural person, the death of any Annuitant will be treated as the death of an Owner. This benefit was available for Contracts issued between December, 2003 and December, 2004.

Once the Accelerated Beneficiary Protection Death Benefit is elected, it is irrevocable. If the Accelerated Beneficiary Protection Death Benefit is elected, the death benefit paid under the Accelerated Beneficiary Protection Death Benefit replaces any death benefit paid under the terms of the Contract. An additional fee of 0.50% (as a percentage of the Accelerated Beneficiary Protection Death Benefit) is imposed for the Accelerated Beneficiary Protection Death Benefit (see "Accelerated Beneficiary Protection Death Benefit Fee" below). Once the Accelerated Beneficiary Protection Death Benefit is elected, the Owner may only be changed to an individual that is the same age or younger than the oldest current Owner.

The death benefit paid under the Accelerated Beneficiary Protection Death Benefit ("Accelerated Beneficiary Protection Death Benefit") is determined as of the date on which written notice and proof of death and all required forms are received in good order at our Annuities Service Center. The amount of the Accelerated Beneficiary Protection Death Benefit is equal to the "Enhanced Earnings Death Benefit" factor plus the greatest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Return of Purchase Payments Death Benefit Factor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Annual Step-Up Death Benefit Factor; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Graded Death Benefit Factor.

**We may offer other optional Riders whose benefits and the names of such benefits are similar to the Accelerated Beneficiary Protection Death Benefit Factors referenced above. These other optional Riders are separate and distinct from the Accelerated Beneficiary Protection Death Benefit Factors referenced above, they contain separate optional Rider charges and their benefits and limitations may be different.** 

If there is any Debt under the Contract, the Accelerated Beneficiary Protection Death Benefit equals the amount described above less the Debt amount.

If the Beneficiary is the deceased Owner's Spouse, and the Accelerated Beneficiary Protection Death Benefit is not taken in one sum immediately, the Contract and the Accelerated Beneficiary Protection Death Benefit Rider will continue with the surviving Spouse as the new Owner. Upon the death of the surviving Spouse prior to the Maturity Date, a second Accelerated Beneficiary Protection Death Benefit will be paid and the entire interest in the Contract must be distributed to the new Beneficiary in accordance with the provisions of the Contract.

------

For purposes of calculating the second Accelerated Beneficiary Protection Death Benefit, payable upon the death of the surviving Spouse:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Accelerated Beneficiary Protection Death Benefit paid upon the first Owner's death ("first Accelerated Beneficiary Protection Death Benefit") is not treated as a Purchase Payment to the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In determining the "Enhanced Earnings Death Benefit" Factor (see "Enhanced Earnings Death Benefit Factor" below), on the date the first Accelerated Beneficiary Protection Death Benefit was paid, the Earnings Basis is reset to equal the first Accelerated Beneficiary Protection Death Benefit. The Earnings Basis will be increased for any Purchase Payments made and decreased for any Withdrawal Reductions in connection with withdrawals taken after the date the first Accelerated Beneficiary Protection Death Benefit was paid. All Purchase Payments made and all amounts deducted in connection with withdrawals prior to the date the first Accelerated Beneficiary Protection Death Benefit was paid will not be considered in the determination of the "Enhanced Earnings Death Benefit" Factor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In determining other elements of the death benefit calculation (described above as (b) the Return of Purchase Payments Death Benefit Factor; (c) the Annual Step-Up Death Benefit Factor; and (d) the Graded Death Benefit Factor), all Purchase Payments and all withdrawals before and after the date the first Accelerated Beneficiary Protection Death Benefit was paid will be considered.

*Return of Purchase Payments Death Benefit Factor* 

For purposes of the Accelerated Beneficiary Protection Death Benefit, the Return of Purchase Payments Death Benefit Factor is equal to the sum of all Purchase Payments made less the sum of all Withdrawal Reductions in connection with withdrawals (see "Withdrawal Reductions" below).

*"Enhanced Earnings Death Benefit" Factor* 

For purposes of the Accelerated Beneficiary Protection Death Benefit, the "Enhanced Earnings Death Benefit" factor is equal to 50% multiplied by Earnings, as defined under the "Enhanced Earnings Death Benefit" Factor calculation of the Accelerated Beneficiary Protection Death Benefit Rider. For purposes of the "Enhanced Earnings Death Benefit" Factor calculation, Earnings are equal to the Contract Value minus the Earnings Basis. The Earnings Basis is equal to 150% of each Purchase Payment made less the sum of all Withdrawal Reductions in connection with withdrawals (see example and "Withdrawal Reductions" below).

The Maximum "Enhanced Earnings Death Benefit" Factor is equal to 100% of the Earnings Basis.

**Example.** Assume you make a single Purchase Payment of $100,000 into the Contract, you make no additional Purchase Payments and you take no withdrawals. Also assume the Contract Value is equal to $175,000 on the date we determine the Accelerated Beneficiary Protection Death Benefit. Based on these assumptions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The "Earnings Basis" is equal to 150% of $100,000, or $150,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Earnings" are equal to $175,000 minus $150,000, or $25,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The "Enhanced Earnings Death Benefit" Factor is equal to 50% of $25,000, or $12,500.

**Note that for purposes of the Accelerated Beneficiary Protection Death Benefit, "Earnings" will always be *<u>less</u>* than the excess of Contract Value over Purchase Payments.** In this example, "Earnings" are less than $75,000 (or $175,000 minus $100,000).

*Annual Step-Up Death Benefit Factor* 

For purposes of the Accelerated Beneficiary Protection Death Benefit, the Annual Step-Up Death Benefit Factor is equal to the greatest Anniversary Value since the effective date of the Accelerated Beneficiary Protection Death Benefit Rider but prior to the oldest Owner's turning age 81. The Anniversary Value is equal to the Contract Value on a Contract Anniversary increased by all Purchase Payments made, less Withdrawal Reductions in connection with withdrawals since that Contract Anniversary (see "Withdrawal Reductions" below).

------

*Graded Death Benefit Factor* 

For purposes of the Accelerated Beneficiary Protection Death Benefit, the Graded Death Benefit Factor is equal to (1) minus (2) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. is equal to the sum of each Purchase Payment multiplied by the applicable Payment Multiplier obtained from the table below:

---

| | |
|:---|:---|
| **Number of Complete Years**<br> **Payment has been in Contract**<br>| **Payment Multiplier**<sup>1</sup> <br>|
| 0 | &nbsp;&nbsp; 100% |
| 1 | &nbsp;&nbsp; 110% |
| 2 | &nbsp;&nbsp; 120% |
| 3 | &nbsp;&nbsp; 130% |
| 4 | &nbsp;&nbsp; 140% |
| 5 | &nbsp;&nbsp; 150% |

---

<sup>1</sup>

*If a Purchase Payment is received on or after the oldest Owner's 71*<sup>st</sup> *birthday, the Payment Multiplier equals 100% in all years. Thus, for Purchase Payments made on or after the oldest Owner reaches age 71, the benefit provided by the Graded Death Benefit Factor is equal to the benefit provided by the Return of Purchase Payments Death Benefit Factor.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. is equal to the sum of Withdrawal Reductions in connection with withdrawals taken. Withdrawal Reductions are recalculated each time the Graded Death Benefit Factor is recalculated, based on Purchase Payment and withdrawal history.

The Graded Death Benefit Factor will never be greater than Purchase Payments less the sum of all Withdrawal Reductions in connection with withdrawals taken plus $250,000.

**Withdrawal Reductions.** If total withdrawals taken during a Contract Year are less than or equal to 5% of total Purchase Payments (the "Annual Withdrawal Limit"), then the Withdrawal Reductions reduce the appropriate value by the dollar amount of each withdrawal. Otherwise, Withdrawal Reductions reduce the appropriate value by the percentage reduction in the Contract Value attributed to the amount of each withdrawal.

The guaranteed death benefits provided by the Accelerated Beneficiary Protection Death Benefit are adjusted at the point of each withdrawal but may be recalculated if subsequent withdrawals are taken within the same Contract Year. For example, if a withdrawal causes total withdrawals taken during that Contract Year to exceed 5% the Annual Withdrawal Limit, then all previous Withdrawal Reductions in that Contract Year will be recalculated and will reduce the appropriate value proportionally. If a subsequent Purchase Payment is made, then the Annual Withdrawal Limit will increase potentially resulting in a recalculation of previous Withdrawal Reductions within the same Contract Year.

*Investment Options* 

At the current time, there are no additional Investment Option restrictions imposed when the Accelerated Beneficiary Protection Death Benefit Rider is chosen.

**We reserve the right to restrict Investment Options at any time. We will notify the Owner in writing at least 30 days prior to restricting an Investment Option.** If we restrict an Investment Option you may not be able to transfer or allocate Contract Value or Purchase Payments to the restricted Investment Option after the date of the restriction. Any amounts previously allocated to an Investment Option that is subsequently restricted will be unaffected by such restriction. Any amount previously allocated to Fixed Investment Options may be renewed subject to terms of the Contract.

**Example:** Assume you purchased a Contract with the Accelerated Beneficiary Protection Death Benefit when you were 65. Assuming a single Purchase Payment of $100,000 made two years ago, two previous Anniversary Values of $110,000 and $120,000, Contract Value of $175,000 and no withdrawals, the various factors making up the Accelerated Beneficiary Protection Death Benefit are calculated as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return of Purchase Payments Death Benefit Factor: $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enhanced Earnings Death Benefit Factor: $12,500

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Earnings Basis is equal to 150% of $100,000, or $150,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Earnings" are equal to $175,000 minus $150,000, or $25,000

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The "Enhanced Earnings Death Benefit" Factor is equal to 50% of $25,000, or $12,500

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annual Step-Up Death Benefit Factor: $120,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Graded Death Benefit Factor: $120,000

In this scenario, the Accelerated Beneficiary Protection Death Benefit is calculated as $175,000 (Contract Value) + $12,500, or $187,500.

*Termination of the Accelerated Beneficiary Protection Death Benefit Rider* 

The Owner may not terminate the Accelerated Beneficiary Protection Death Benefit Rider. However, the Accelerated Beneficiary Protection Death Benefit will terminate automatically upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Contract terminates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Maturity Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the later of the date on which the Accelerated Beneficiary Protection Death Benefit is paid, or the date on which the second Accelerated Beneficiary Protection Death Benefit is paid, if the Contract and the Accelerated Beneficiary Protection Death Benefit Rider are continued by the surviving Spouse after the death of the original Owner.

*Accelerated Beneficiary Protection Death Benefit Fee* 

Prior to termination of the Accelerated Beneficiary Protection Death Benefit Rider, on each Contract Anniversary, the Accelerated Beneficiary Protection Death Benefit fee is calculated by multiplying 0.50% by the Accelerated Beneficiary Protection Death Benefit payable had death occurred on that Contract Anniversary. On each Contract Anniversary, the Accelerated Beneficiary Protection Death Benefit fee is withdrawn from each Investment Option in the same proportion that the value of the Investment Account of each Investment Option bears to the Contract Value.

If there is a full withdrawal on any date other than a Contract Anniversary, we will deduct a pro rata portion of the Accelerated Beneficiary Protection Death Benefit fee from the amount paid upon withdrawal. The Accelerated Beneficiary Protection Death Benefit fee will be determined based on the Accelerated Beneficiary Protection Death Benefit that would have been payable had death occurred immediately prior to the full withdrawal. For purposes of determining the Accelerated Beneficiary Protection Death Benefit fee, the commencement of annuity payments shall be treated as a total withdrawal.

*Qualified Plans* 

If you use your Contract in connection with a Qualified Plan, including an IRA, you should consider the effects that the death benefit provided under the Contract (with or without Annual Step-Up Death Benefit) may have on your plan. Please consult your own qualified tax professional. Federal tax law may limit the period over which the death benefit can be paid when the Beneficiary is not your surviving spouse.

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**Appendix C: Optional Guaranteed Minimum Withdrawal Benefits** 

This Appendix describes the following optional guaranteed minimum withdrawal benefit ("GMWB") Riders that may be part of a previously issued Contract:

**Income Plus For Life**<sup>®</sup> **Series Riders:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *12.08 Series:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> 12.08

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> 12.08

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review) Series* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review) Series\** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life<sup>®</sup> (Annual Step-Up Review)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review)

*\**

*The Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review) Series Riders were previously referred to as "Income Plus For Life*<sup>®</sup>*" and "Income Plus For Life – Joint Life*<sup>®</sup>*."* 

**Principal Plus for Life Series Riders** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus for Life

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Principal Plus for Life Plus Automatic Annual Step-Up

**Principal Plus Rider** 

**Principal Returns Rider** 

These optional GMWB Riders are no longer available to be added to your Contract. If you purchased any of these Riders, you pay the charge shown in the Fee Tables for that benefit as long as it is in effect. These Riders were not available at all times we offered a Contract, nor were they available in all states. Where they were available, we only permitted one GMWB Rider to be purchased per Contract. *You should review your Contract carefully to determine which of these optional benefit Riders, if any, you purchased.* These Riders cannot be revoked once elected.

We describe a different type of optional benefit Rider, known as a "Guaranteed Minimum Income Benefit Rider," in Appendix D.

**General Information about Guaranteed Minimum Withdrawal Benefit Riders** 

This section of the Appendix provides general information about our GMWB Riders. We provide specific information about each GMWB Rider's features in the sections that follow.

*Forms of Guaranteed Amounts* 

Our GMWB Riders provide two different types of benefits:

**Lifetime Income Amount.** This type of benefit provides a guarantee of a minimum amount available for annual withdrawals for the duration of a single lifetime, or for the duration of two ("joint") lifetimes. Lifetime Income Amount guarantees begin on a Lifetime Income Date.

**Guaranteed Withdrawal Amount.** This type of benefit provides a guarantee of a minimum amount available for annual withdrawals that will last for a period of time measured by a Benefit Base (sometimes referred to as a "Guaranteed Withdrawal Balance"). Initial Guaranteed Withdrawal Amounts are generally determined on the date you purchase a Rider, but may be increased if you defer taking withdrawals and decreased if you take Excess Withdrawals.

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The Rider you purchased may provide either a Lifetime Income Amount or a Guaranteed Withdrawal Amount or both types of benefits. We describe the types of benefits for each Rider in the Features section of this Appendix.

*Covered Person(s)* 

Please review the "Features" section of the applicable Rider to determine if the Rider provides a lifetime income guarantee and, if so, whether it can be based on a single life or on joint lives.

**Single Life Guarantee.** For Riders that provide a lifetime income guarantee based on the life of a single Covered Person, the Covered Person is the oldest Owner at issue of the Rider. We may have waived the requirement of Contract ownership and permitted you to designate a Covered Person who is an Annuitant in situations where the Owner is not the Annuitant.

EXAMPLE: We permit the Annuitant to be a Covered Person if a custodial account owns a Qualified Contract for the benefit of an Annuitant.

The Covered Person must remain an Owner (or an Annuitant, subject to our underwriting rules) to receive benefits under the Rider.

**Joint Life Guarantee.** For Riders that provide a lifetime income guarantee based on the lifetime durations of two Covered Persons, we determined the Covered Persons at the time you elected the Rider. A spouse may need to qualify as a "spouse" under state law (a "Spouse") to be treated as a Covered Person under the Contract.

For Riders issued with Nonqualified Contracts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• both Spouses must be named as co-Owners of the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if only one Spouse is named as an Owner of the Contract (or Annuitant if the Owner is a non-natural person), the other Spouse must be designated as the Beneficiary of the Contract.

For Riders issued with Qualified Contracts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• one Spouse must be named as the Owner (or Annuitant if the Owner is a non-natural person); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Owner's Spouse must be the designated Beneficiary.

A Covered Person will no longer qualify as such (i.e., that Covered Person will be removed from the Rider) if that person is no longer designated as an Owner, co-Owner, Annuitant, co-Annuitant or Beneficiary as required above. In the event that you and your Spouse become divorced after you purchased the Rider, you may not add a new Spouse as a Covered Person. If you remove your Spouse as an Owner, Beneficiary or Annuitant, that person will no longer be a Covered Person under the Rider (see "Impact of Divorce" in "VII. Description of the Contract – Accumulation Period Provisions" for additional information on the impact of divorce). *You may lose benefits under the Rider if a Covered Person is removed from the Rider.* 

*Availability of Guaranteed Minimum Withdrawal Benefit Riders* 

You could have elected a GMWB Rider at the time you purchased a Contract. Once you elected a GMWB Rider, its effective date usually is the Contract Date (unless we permitted otherwise) and it is irrevocable. We charge an additional fee for each Rider that differs by Rider.

*Rider Fees* 

We charge an additional fee on each Contract Anniversary for a GMWB Rider, and reserve the right to increase the fee on the effective date of each Step-Up in the benefits under that Rider. We withdraw the amount of the fee from each Investment Option in the same proportion that the value of Investment Accounts of each Investment Option bears to the Contract Value. We deduct the pro rata share of the annual fee from the Contract Value:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• on the date we determine the death benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• after the Annuity Commencement Date at the time an Annuity Option begins; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• at full surrender of the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• depending on the Rider, on the date an Excess Withdrawal reduces the Contract Value to zero.

We do not deduct any additional Rider fee during the Settlement Phase or after the Annuity Commencement Date once an Annuity Option begins.

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**Fee for Income Plus For Life**<sup>®</sup> **12.08 Series Riders.** The fee is equal to 0.85% of the Adjusted Benefit Base for Contracts issued outside of New York, and 0.80% for Contracts issued in New York. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by the amount of any Additional Purchase Payments that we applied to the Benefit Base during the Contract Year prior to the current Contract Anniversary. *We reserve the right to change either the Income Plus For Life*<sup>®</sup> *12.08 or Income Plus For Life – Joint Life*<sup>®</sup> *12.08 fee on the effective date of each Step-Up. In such a situation, neither fee will ever exceed 1.20%.* 

**Fee for Income Plus For Life**<sup>®</sup> **(Quarterly Step-Up Review) Series Riders.** The fee is equal to 0.75% of the Adjusted Benefit Base for Contracts issued outside of New York, and 0.70% for Contracts issued in New York. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by the amount of any Additional Purchase Payments that we applied to the Benefit Base during the Contract Year prior to the current Contract Anniversary. *We reserve the right to change either the Income Plus For Life (Quarterly Step-Up Review) or Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review) fee on the effective date of each Step-Up. In such a situation, neither fee will ever exceed 1.20%.* 

**Fee for Income Plus For Life**<sup>®</sup> **(Annual Step-Up Review) Series Riders.** The fee is equal to 0.60% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by the amount of any Additional Purchase Payments that we applied to the Benefit Base during the Contract Year prior to the current Contract Anniversary. *We reserve the right to change the Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review) or Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review) fee on the effective date of each Step-Up. In such a situation, neither fee will ever exceed 1.20%.* 

**Fee for Principal Plus for Life.** The fee is equal to 0.40% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Anniversary) increased by the amount of any Credit or Additional Purchase Payment made during the Contract Year prior to the current Contract Anniversary. The Rider refers to the Adjusted Benefit Base as the "Adjusted Guaranteed Withdrawal Balance." *We reserve the right to change the Principal Plus for Life fee on the effective date of each Step-Up. In such a situation, the Principal Plus for Life fee will never exceed 0.75%.* 

**Fee for Principal Plus for Life Plus Automatic Annual Step-Up.** The current fee is equal to 0.70% of the Adjusted Benefit Base. The fee for Riders purchased December 15, 2008 through April 30, 2009 is 0.70% of the Adjusted Benefit Base. The fee for Riders purchased June 16, 2008 through December 12, 2008 is 0.55% of the Adjusted Benefit Base. The fee for Riders purchased prior to June 16, 2008 is 0.60% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by the amount of any Credit or Additional Purchase Payment made during the Contract Year prior to the current Contract Anniversary. The Rider refers to the Adjusted Benefit Base as the "Adjusted Guaranteed Withdrawal Balance." *We reserve the right to change the Principal Plus for Life Plus Automatic Annual Step-Up Rider fee on the effective date of each Step-Up. In such a situation, the Principal Plus for Life Plus Automatic Annual Step-Up Rider fee will never exceed 1.20%.* 

**Fee for Principal Plus.** The fee is equal to 0.30% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary adjusted by the amount of any Step-Up, Credit or Additional Purchase Payment made during the Contract Year prior to the current Contract Anniversary. The Rider refers to the Adjusted Benefit Base as the "Adjusted Guaranteed Withdrawal Balance." *We reserve the right to change the Principal Plus fee on the effective date of each Step-Up. In such a situation, the Principal Plus fee will never exceed 0.75%.* 

If we decide to increase the rate of a Rider fee at the time of a Step-Up, you will receive advance notice and be given the <br> opportunity of no less than 30 days to decline the Step-Up. If you decline a scheduled Step-Up, we will not increase the <br> Rider fee at that time. You will have the option to elect a Step-Up within 30 days of subsequent Step-Up Dates. If you <br> decide to step-up a guaranteed amount at that time, we will thereafter resume automatic Step-Ups on each succeeding Step-<br> Up Date.<br>

**Fee for Principal Returns.** The fee is equal to 0.50% of the Adjusted Benefit Base. The Adjusted Benefit Base is the Benefit Base that was available on the prior Contract Anniversary (including any Step-Up applied on that prior Contract Anniversary) increased by any Additional Purchase Payment made during the Contract Year prior to the current Contract Anniversary. The Rider refers to the Adjusted Benefit Base as the "Adjusted Guaranteed Withdrawal Balance." *We reserve the right to increase the Principal Returns fee on the effective date of each Step-Up. In such a situation, the Principal Returns fee will never exceed 0.95%.* 

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*Restrictions on Additional Purchase Payments* 

If you purchased a GMWB Rider, we restrict your ability to make Additional Purchase Payments to the Contract without our prior approval.

**Restrictions on Additional Purchase Payments for Nonqualified Contracts.** If we issued your Contract not in connection with an IRA or other Qualified Plan, we will not accept, without our prior approval:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in states other than OR and NJ)* any Additional Purchase Payment after the first Contract Anniversary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in OR or NJ)* any Additional Purchase Payment after the first Contract Anniversary following the Rider Date if your total Additional Purchase Payments after the first Contract Anniversary exceed $100,000.

**Restrictions on Additional Purchase Payments for Qualified Contracts.** If we issued your Contract in connection with a Qualified Plan, including an IRA, we will not accept, without our prior approval:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in states other than OR and NJ)* Additional Purchase Payments on and after the Age 65 Contract Anniversary (or after the first Contract Anniversary if we issued your Contract after you became Age 64);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Contracts issued in OR or NJ)* Additional Purchase Payments on and after the Age 65 Contract Anniversary (or after the first Contract Anniversary if we issued your Contract after you became Age 64), if your total payments after the first Contract Anniversary exceed $100,000; but

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(all Contracts)* any Purchase Payment after the oldest Covered Person becomes age 81.

For Contracts issued with Principal Plus, we reserve the right to apply the Nonqualified Contract Additional Purchase Payment Restrictions to Qualified Contracts.

Additional Purchase Payments for both Nonqualified Contracts and Qualified Contracts are also subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment, without our approval, if your Contract Value exceeds $1 million at the time of payment or if the Additional Purchase Payment would cause your Contract Value to exceed $1 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may not make an Additional Purchase Payment during a Rider's Settlement Phase (see "Settlement Phase" below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other limitations on Additional Purchase Payments may vary by state.

You should consult with a qualified tax professional regarding your GMWB Rider for further information on tax rules affecting Qualified Contracts, including IRAs.

**Approval of Additional Purchase Payments through Automatic Withdrawals from Bank Accounts and Payroll Deduction Plans.** We will continue to accept Additional Purchase Payments under the terms of your Contract and GMWB Rider when made in connection with an automatic withdrawal program from your bank account, brokerage account or other account you hold at a similar financial institution ("Financial Account Plan") or in connection with a payroll deduction plan ("Payroll Plan") if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Financial Account Plan or Payroll Plan was in effect prior to May 4, 2012,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• no automatic withdrawal program from your Contract is in effect, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Rider is not in the Settlement Phase.

Additional Purchase Payments will be subject to our prior approval, however, if any of the following apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you make the payment under a Bank Plan and it exceeds the amount authorized on May 4, 2012 to be withdrawn periodically from your bank account and paid to us as an Additional Purchase Payment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value exceeds $1 million at the time of payment, under either a Bank Plan or Payroll Plan; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value is less than $1 million and the Additional Purchase Payment under either a Bank Plan or Payroll Plan would cause your Contract Value to exceed $1 million; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *(Qualified Contracts)* you make the payment after the later of the first Contract Anniversary following the Rider Date or the Age 65 Contract Anniversary and your total payments after the first Contract Anniversary exceed $100,000.

For Qualified Contracts, we will not accept an Additional Purchase Payment under a Bank Plan or Payroll Plan after the oldest Covered Person becomes age 81.

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**Approval of Additional Purchase Payment to Prevent Cancellation of Contracts.** If (where permitted by state law) we intend to cancel a Contract at the end of any two consecutive Contract Years (three for Contracts issued in New York) in which no Purchase Payments have been made, we will mail notice to you at your last known address to allow you to make the necessary Additional Purchase Payment to keep your Contract in force.

**Approval of Other Additional Purchase Payments.** There may be circumstances other than as described above where we may approve Additional Purchase Payments for Contracts with GMWB Riders. We may modify, suspend, waive or terminate our restrictions on Additional Purchase Payments at any time. For further information, contact your financial representative or our Annuities Service Center.

**Impact of Additional Purchase Payment Restrictions on Increases in Guaranteed Amounts.** The restrictions on Additional Purchase Payments described above may prevent you from increasing the amount of any Credits or Step-Ups we would otherwise have applied to the Benefit Base based on Additional Purchase Payments, and may prevent you from increasing the amounts we guarantee under a GMWB Rider as a result of Additional Purchase Payments.

*Restrictions on Investment Options Under Guaranteed Minimum Withdrawal Benefit Riders.* 

If you purchased any of our GMWB Riders, you must invest 100% of your Contract Value at all times in one or more of the Investment Options we make available for these Riders. Under our current rules, you must invest either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• among the currently available individual Investment Options (see "Available Individual Investment Options" below); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in a manner consistent with any one of the restricted Model Allocations for which you may have been eligible (see "Restricted Model Allocations" below).

Subject to our restrictions on frequent trading:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you are invested in one or more of the available individual Investment Options, you may transfer Contract Value between these Investment Options; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you are invested in a restricted Model Allocation, you may transfer 100% of your Contract Value from the restricted Model Allocation to one or more of the currently available individual Investment Options.

You may not specify the Investment Option from which you wish to make a withdrawal; withdrawals are taken in accordance with our default procedures described in "VII. Description of the Contract – Accumulation Period Provisions – Withdrawals." We allocate Additional Purchase Payments in accordance with your instructions, subject to the restrictions described herein. All Investment Options may not be available through all distribution partners.

**Please consult with your financial representative to assist you in determining whether investing in any individual Investment Option or Model Allocation is suitable for your financial needs and risk tolerance.** 

**Available Individual Investment Options.** If you purchased a Contract with a GMWB Rider, we limit the individual Investment Options to which you may allocate your Contract Value. The currently available individual Investment Options invest in the following Portfolios:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Balanced Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Conservative Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Growth Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lifestyle Moderate Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Balanced Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Conservative Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Growth Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Managed Volatility Moderate Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total Bond Market Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ultra Short Term Bond Trust

You may allocate your Contract Value to any combination of these Investment Options and you may also use our DCA program from your selected Source Investment Option, in connection with your selected Investment Options.

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**Restricted Individual Investment Options.** The following individual Investment Options, which may have been available when you purchased a GMWB Rider, are currently restricted ("Restricted Options"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• American Asset Allocation Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital Appreciation Value Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Money Market Trust

If all or a portion of your Contract Value was allocated to one or more of the Restricted Options on the last day it was available, you may continue to allocate Additional Purchase Payments to that Restricted Option, except to the Money Market Investment Option. No additional amounts may be allocated to the Money Market Investment Option. Also, you will not be able to transfer amounts from another Investment Option to any of the Restricted Options. And you will no longer be able to use the Restricted Option if at any point you transfer all of your Contract Value out of that Restricted Option into any of the available individual Investment Options.

*We reserve the right to restrict Investment Options in your variable Investment Account at any time*. If we restrict an Investment Option, you may not be able to allocate or transfer Additional Purchase Payments (even if the Additional Purchase Payments are not otherwise restricted) or Contract Value into the Restricted Option after the date of the restriction. Any amounts you allocated to an Investment Option before we imposed restrictions will not be affected by such restrictions as long as it remains in that Investment Option.

**For more information regarding these Portfolios, including information relating to their investment objectives, policies and restrictions, and the risks of investing in such Portfolios, please see "VI. General Information about Us, the Separate Accounts and the Portfolios" as well as the prospectuses for the applicable Portfolios. You can obtain a copy of the Portfolios' prospectuses by contacting the Annuities Service Center shown on the back cover of this Prospectus. Please read a Portfolio's prospectus carefully before investing in the corresponding Variable Investment Option.** 

**Restricted Model Allocations.** *We do not currently make "Model Allocations" available.* If you allocated Contract Value to one of the Model Allocations shown below in the Table of Restricted Model Allocations on or before the last day it was available, you may continue to allocate your Contract Value to that Model Allocation if: (a) you continue to allocate your *entire* Contract Value, including future Purchase Payments, to that Model Allocation; and (b) you rebalance your entire Contract Value to that Model Allocation on a quarterly basis. You will no longer be able to use that Model Allocation if you transfer your Contract Value to any Investment Option other than as permitted in that Model Allocation.

If you are permitted to use a restricted Model Allocation, you may also continue to use our DCA program from any available DCA Source Investment Option in connection with that restricted Model Allocation. You also authorize us to rebalance your entire Contract Value allocated to that restricted Model Allocation on a quarterly basis to the fixed percentages shown in the table for each Investment Option in that Model Allocation. In addition, you may not make any transfers to other Investment Options except to transfer 100% of your Contract Value to one or more of the available individual Investment Options.

None of the Model Allocations is a fund of funds. We do not actively manage any Model Allocation. Once you invest in a Model Allocation, we will not change the allocation percentages (except to rebalance) or component Portfolios based on changes in investment strategy, market conditions or expectations of future performance. Because a Model Allocation does not change, you should periodically consult with your financial representative to ensure that your selected Model Allocation continues to be appropriate for your needs and circumstances.

*Table of Restricted Model Allocations.* The following Model Allocation was available with Contracts issued with GMWB Riders issued prior to May 1, 2009, and are restricted as described above. The percentages indicated in the table are the percentage allocations of each Portfolio currently within the Model Allocations.

**Restricted Model Allocation for a Guaranteed Minimum Withdrawal Benefit Rider:** 

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| | | |
|:---|:---|:---|
| **Model Allocation Name** | **Model Allocation Percentage** | **Portfolio Name** |
| **Fundamental Holdings of America**<br> (not available after April 30, 2009)<br>| &nbsp;&nbsp; 15% <br>25% <br>25% <br>35%<br>| &nbsp;&nbsp; Disciplined Value International Trust<br> American Growth Trust<br> American Growth-Income Trust <br> Select Bond Trust<br>|

---

**Additional Restricted Model Allocations for Principal Plus** *(formerly known as Guaranteed Principal Plus)*. If you purchased a Contract with a Principal Plus Rider on or after December 8, 2003 (for John Hancock USA Contracts) or on or

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after May 10, 2004 (for John Hancock New York Contracts), but prior to August 16, 2004, you may continue to invest in one of the Restricted Model Allocations shown below if you were invested in that Model Allocation on August 16, 2004. These Restricted Model Allocations are not available for Contracts issued with Principal Plus on or after August 16, 2004. If you were invested in a Restricted Model Allocation on August 16, 2004, you may continue to allocate your Contract Value to that Model Allocation if: (a) you continue to allocate your entire Contract Value (other than amounts in any available Fixed Investment Option under our DCA Program), including future Purchase Payments, to that Model Allocation; and (b) you rebalance your entire Contract Value to that Model Allocation on a quarterly basis. You will no longer be able to use that Model Allocation, however, if you transfer your Contract Value to any Variable Investment Option other than as permitted in that Model Allocation.

*Restricted Model Allocations.* The following eight Model Allocations were available with Principal Plus for Contracts issued prior to August 16, 2004 as described above. The percentages indicated in the table are the percentage allocations of each Portfolio currently within the Model Allocation.

**Restricted Model Allocations for Principal Plus:** 

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| | | |
|:---|:---|:---|
| **Model Allocation Name** | **Model Allocation Percentage** | **Portfolio Name** |
| **Conservative Income Strategy**<br> (formerly, "Scudder Conservative Income <br> Strategy"):<br>| &nbsp;&nbsp; 64.00% <br>10.00% <br>7.00% <br>6.00% <br>3.00% <br>2.00% <br>2.00% <br>2.00% <br>2.00% <br>1.00% <br>1.00%<br>| &nbsp;&nbsp; Investment Quality Bond Trust <br> Active Bond Trust<br> Fundamental All Cap Core Trust <br> 500 Index Trust<br> Disciplined Value International Trust<br> Total Stock Market Index Trust<br> Real Estate Securities Trust <br> Small Cap Index Trust<br> Fundamental Large Cap Value Trust<br> Global Equity Trust<br> International Equity Index Trust<br>|
| **Growth Strategy**<br> (formerly, "Scudder Growth Strategy"):<br>| &nbsp;&nbsp; 23.00% <br>18.00% <br>14.00% <br>14.00% <br>11.00% <br>5.00% <br>5.00% <br>4.00% <br>2.00% <br>2.00% <br>2.00%<br>| &nbsp;&nbsp; 500 Index Trust<br> Fundamental All Cap Core Trust<br> Disciplined Value International Trust<br> Fundamental Large Cap Value Trust<br> Investment Quality Bond Trust<br> Total Stock Market Index Trust <br> Small Cap Index Trust<br> Real Estate Securities Trust <br> Global Equity Trust<br> International Equity Index Trust<br> Active Bond Trust<br>|
| **Growth & Income Strategy**<br> (formerly, "Scudder Growth & Income <br> Strategy"):<br>| &nbsp;&nbsp; 32.00% <br>17.00% <br>15.00% <br>9.00% <br>7.00% <br>5.00% <br>4.00% <br>3.00% <br>2.00% <br>2.00% <br>4.00%<br>| &nbsp;&nbsp; Investment Quality Bond Trust <br> 500 Index Trust<br> Fundamental All Cap Core Trust <br> Disciplined Value International Trust<br> Fundamental Large Cap Value Trust <br> Active Bond Trust<br> Total Stock Market Index Trust<br> Real Estate Securities Trust<br> Global Equity Trust<br> International Equity Index Trust <br> Small Cap Index Trust<br>|
| **Income & Growth Strategy**<br> (formerly, "Scudder Income & Growth <br> Strategy"):<br>| &nbsp;&nbsp; 46.00% <br>13.00% <br>11.00% <br>7.00% <br>6.00% <br>5.00% <br>3.00% <br>3.00% <br>2.00% <br>2.00% <br>2.00%<br>| &nbsp;&nbsp; Investment Quality Bond Trust <br> Fundamental All Cap Core Trust <br> 500 Index Trust<br> Active Bond Trust <br> Disciplined Value International Trust<br> Fundamental Large Cap Value Trust<br> Total Stock Market Index Trust<br> Small Cap Index Trust<br> Global Equity Trust<br> International Equity Index Trust<br> Real Estate Securities Trust<br>|

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| | | |
|:---|:---|:---|
| **Model Allocation Name** | **Model Allocation Percentage** | **Portfolio Name** |
| **Growth Focus:** | &nbsp;&nbsp; 45.00% <br>40.00% <br>15.00%<br>| &nbsp;&nbsp; 500 Index Trust<br> Investment Quality Bond Trust <br> Fundamental All Cap Core Trust<br>|
| **Sector Focus:** | &nbsp;&nbsp; 40.00% <br>30.00% <br>15.00% <br>15.00%<br>| &nbsp;&nbsp; Investment Quality Bond Trust <br> Total Stock Market Index Trust<br> Real Estate Securities Trust<br> Fundamental All Cap Core Trust<br>|
| **US All-Capitalization:** | &nbsp;&nbsp; 40.00% <br>15.00% <br>15.00% <br>15.00% <br>15.00%<br>| &nbsp;&nbsp; Investment Quality Bond Trust<br> 500 Index Trust<br> Small Cap Index Trust<br> Fundamental All Cap Core Trust<br> Mid Cap Index Trust<br>|
| **Value Focus:** | &nbsp;&nbsp; 40.00% <br>30.00% <br>30.00%<br>| &nbsp;&nbsp; Investment Quality Bond Trust<br> Fundamental All Cap Core Trust<br> Fundamental Large Cap Value Trust<br>|

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If you allocated Contract Value to the Model Allocation shown on the last day it was available, you may continue to allocate your Contract Value to that Model Allocation if: (a) you continue to allocate your entire Contract Value, including future Purchase Payments, to that Model Allocation; and (b) you rebalance your entire Contract Value to that Model Allocation on a quarterly basis. You will no longer be able to use that Model Allocation, however, if you transfer your Contract Value to any of the available individual investment options, to any other Model Allocation, or to any Variable Investment Option other than as permitted in that Model Allocation.

**A Model Allocation may experience volatility in its investment performance or lose money, depending on the** <br> **performance of the component Portfolios referenced above. Your investment in the Portfolios will fluctuate and, when** <br> **redeemed, may be worth more or less than your original investment. For more information regarding each Portfolio** <br> **that we permit you to invest in through a Model Allocation, including information relating to that Portfolio's** <br> **investment objectives, policies and restrictions, and the risks of investing in that Portfolio, please see "VI. General** <br> **Information about Us, the Separate Accounts and the Portfolios," as well as the Portfolio's prospectus. You can obtain** <br> **a Prospectus containing more complete information on each of the Portfolios by contacting the respective Annuities** <br> **Service Center shown on the back cover of this Prospectus. Please read the Portfolio's prospectus carefully before** <br> **investing in the corresponding Investment Option.**<br>

*Increases in Guaranteed Amounts* 

We may increase the amounts we guarantee under a GMWB Rider as a result of Additional Purchase Payments that we accept (see "Restrictions on Additional Purchase Payments," above), Credits and Step-Ups.

**Additional Purchase Payments.** Additional Purchase Payments, up to specified limits, can increase amounts guaranteed under the GMWB Riders. Our restrictions on Additional Purchase Payments, however, may prevent you from increasing the amounts we guarantee under a GMWB Rider.

**Credits.** You may be able to increase the amount we guarantee under your GMWB Rider if you defer making withdrawals during the periods described in the Rider.

**Step-Ups.** If your Contract experiences favorable investment performance while a GMWB Rider is in effect, you may be able to increase the amount we guarantee under your GMWB Rider on certain Anniversary Date(s) of your Contract. Step-Ups may occur only when a Rider is in effect, and before the Settlement Period for that Rider.

We describe Additional Purchase Payments, Credits and Step-Ups in the discussion of each Rider's features in this Appendix.

*Withdrawals, Distributions and Settlements under Guaranteed Minimum Withdrawal Benefit Riders* 

**Overview.** Each of our GMWB Riders permits you to withdraw a guaranteed minimum annual amount during the Accumulation Period, subject to the terms and conditions of the specific Rider you elected. We may have determined the amount of the initial guaranteed minimum annual amount after you purchased the Rider, depending on the type of guaranteed minimum withdrawal benefit you purchased.

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Our Income Plus For Life<sup>®</sup> Series Riders and Principal Plus for Life Series Riders permit you to withdraw a guaranteed minimum annual amount (called the "Lifetime Income Amount") during the Accumulation Period that begins on a Lifetime Income Date and can last for as long as a Covered Person lives. The Lifetime Income Date depends on the age of the Covered Person when we issued your Contract.

Our Principal Plus, Principal Plus for Life Series Riders and Principal Returns Riders guarantee the return of your Purchase Payments in the Contract, regardless of market performance, as long as you limit your annual withdrawals to a guaranteed minimum amount (called the "Guaranteed Withdrawal Amount"), beginning on the date you purchased the Rider.

Although these Riders guarantee a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. You may become ineligible for certain Credits, however, if you take withdrawals during the Rider's Credit Period. We reduce your Contract Value and your death benefit each time you take a withdrawal.

**Excess Withdrawals.** We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals of more than the amount guaranteed under the terms of the Rider you select.

If you purchased an Income Plus For Life<sup>®</sup> Series Rider or a Principal Plus for Life Series Rider before the Lifetime Income Date, your future Lifetime Income Amount could be significantly reduced if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take withdrawals prior to the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

Please refer to the "Features" section for each Rider for specific information about the amount you are permitted to withdraw without affecting future guaranteed minimum amounts.

Excess Withdrawals may reduce or eliminate future guaranteed minimum withdrawal values.<br>

**Pre-authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with a GMWB Rider, you can pre- authorize periodic withdrawals to receive amounts guaranteed under the Rider.

The Income Made Easy Program allows you to select withdrawals under your Rider in the following ways: (A) the annual guaranteed amount ("full allowable amount") under your Rider, which automatically increases to reflect an increase in the annual guaranteed amount under the Rider resulting from a Step-Up or an Additional Purchase Payment (where permitted – see "VII. Description of the Contract – Accumulation Period Provisions – Purchase Payments"); (B) the full allowable amount and any increases in Contract Value above that amount at the end of a Contract Year resulting from investment gains in your Contract at the end of that Contract Year (this option reduces your ability to obtain Step-Ups after you enroll in the program); (C) the full allowable amount plus any amount under our Life Expectancy Distribution Program that exceeds the full allowable amount; (D) the annual amount under our Life Expectancy Distribution Program (in lieu of the full allowable amount); or (E) a specified dollar amount that is less than the full allowable amount.

Your participation in the Income Made Easy Program will be suspended (i.e., we will not process any further withdrawals under the Program until you reenroll) if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you select option A, B or C above; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take an additional withdrawal outside the Income Made Easy Program in any Contract Year in which the program is in effect.

Income Made Easy withdrawals, like other withdrawals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• may be subject to income tax (including withholding for taxes) and, if your Rider calculates an annual guaranteed amount before you turn age 59½, a 10% penalty tax under the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• reduce the death benefit and other optional benefits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• cancel your eligibility to earn a Credit under the provisions of your GMWB Rider during any Contract Year in which you receive a payment under the program; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• may reduce your ability to obtain Step-Ups.

If you are interested in the Income Made Easy Program, you may obtain a separate authorization form and full information concerning the program and its restrictions from your financial representative or our Annuities Service Center. There is no

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charge for participation in this program. We will, however, suspend your participation in the Income Plan (see "Special Withdrawal Services – The Income Plan" in VII. Description of the Contract") if you enroll in the Income Made Easy Program.

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** If you purchased a Contract with a GMWB Rider, you may request us in writing, in a form acceptable to us and received at our Annuities Service Center, to pay you withdrawals that we determine to be part of a series of substantially equal periodic payments over your "life expectancy" (or, if applicable, the joint life expectancy of you and your Spouse). The Life Expectancy Distribution Program may provide one or more of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Pre-59½ Distributions - these are payments made at the request of the Owner that are intended to comply with Code section 72(q)(2)(D) or section 72(t)(2)(A)(iv); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nonqualified Death Benefit Stretch Distributions – these are payments made to the Beneficiary that are intended to comply with and may not deviate from Code section 72(s)(2); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Required Minimum Distributions and Qualified Death Benefit Stretch Distributions – these are payments we calculate to comply with Code section 401(a)(9), section 403(b)(10), section 408(a)(6), section 408(b)(3) or section 408A(c)(5). For further information on such distributions, please see "IX. Federal Tax Matters - Required Minimum Distributions."

Each withdrawal under our Life Expectancy Distribution Program reduces your Contract Value. In certain instances, withdrawals under the Life Expectancy Distribution Program may reduce future guaranteed minimum withdrawal values.

If you purchased an Income Plus For Life<sup>®</sup> Series Rider or a Principal Plus for Life Series Rider before the Lifetime Income Date, and take a withdrawal before the Lifetime Income Date, we may reduce future amounts guaranteed under the Rider. If you take a withdrawal under our Life Expectancy Distribution Program on or after the Lifetime Income Date, however, we do not reduce annual withdrawal amounts under your Rider. Please refer to the "Features" section of this Appendix for more details regarding the effect that withdrawals made after the Lifetime Income Date have on the Rider's guarantees.

The Life Expectancy Distribution Program ends when certain amounts described in the Rider are depleted to zero, or when the Contract Value is reduced to zero. We may make further distributions as part of the Settlement Phase for the Rider you purchase.

If you are interested in the Life Expectancy Distribution Program, you may obtain further information concerning the program and its restrictions from your financial representative or our Annuities Service Center. There is no charge for participation in this program. To take withdrawals under the Life Expectancy Distribution Program, you must participate in the Income Plan (see "Special Withdrawal Services – The Income Plan" in "VII. Description of the Contract") or the Income Made Easy Program (see the preceding section).

Under our Life Expectancy Distribution Program, each withdrawal will be in an amount that we determine to be your Contract's share of all life expectancy distributions, based on information that you provide and our understanding of the Code. We reserve the right to make any changes we deem necessary to comply with the Code and Treasury Department regulations.

We base our Life Expectancy Distribution calculations on our understanding and interpretation of the requirements under <br> tax law applicable to Pre-59½ Distributions, Required Minimum Distributions, Nonqualified Death Benefit Stretch <br> Distributions and Qualified Death Benefit Stretch Distributions. Please discuss these matters with a qualified tax <br> professional.<br>

**Settlement Phase.** We automatically begin making payments to you under the "Settlement Phase" of a GMWB Rider if your Contract Value reduces below a minimum required amount and you satisfy the conditions described in the Rider. The settlement amount we pay to you, and the frequency of payment available to you, will depend upon the Rider you select. Please refer to the "Features" section of each Rider for more information.

During the Settlement Phase, the Contract will continue but all other rights and benefits under the Contract, including death benefits and any optional benefit Riders, terminate. We do not accept Additional Purchase Payments for, apply additional Credits or make any Step-Ups to, or deduct any charges from a GMWB Rider during the Settlement Phase. You cannot annuitize once the Settlement Phase begins.

*Additional Annuity Options* 

In addition to the Annuity Options we provide under the Contract, we provide Annuity Options for Contracts issued with a GMWB Rider ("GMWB Alternate Annuity Options"). These GMWB Alternate Annuity Options are only available for

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Annuity Commencement Dates no earlier than the first day of the month following the later of the 90th birthday of the oldest Annuitant or the tenth Contract Anniversary. These GMWB Alternate Annuity Options are designed so that you will receive annuity payments that are no less than a guaranteed minimum annual withdrawal amount at the time of annuitization, but you could receive larger payments, depending on your investment experience prior to annuitization. The Annuity Options available to you are described in detail in "VII. Description of the Contract – Pay-out Period Provisions."

**Comparison between Guaranteed Minimum Withdrawal Benefits and Annuity Payments.** If you choose to take withdrawals under one of our GMWB Riders, it is not the same as receiving annuity payments upon annuitization (as described in "VII. Description of the Contract – Pay-out Period Provisions").

When you take withdrawals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you have the flexibility to start and stop withdrawals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you have the flexibility to choose an amount of your withdrawal that is less than or equal to your Lifetime Income Amount (without reducing your future available Lifetime Income Amount);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you have the ability to surrender your Contract for the cash surrender value (Contract Value minus any applicable charges and premium taxes), if any;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you may receive less favorable tax treatment of your withdrawals than annuity payments would provide. See "IX. Federal Tax Matters" for information on tax considerations related to optional benefit Riders; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you reduce the Contract Value available for annuitization.

When you annuitize:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you receive annuity payments that are fixed in amount (or in the number of units paid if you choose Variable Annuity payments);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your annuity payments do not vary in timing once they commence (for as long as we are due to pay them to you);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you no longer have access to the Contract Value; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Annuity Payments may receive more favorable tax treatment than guaranteed minimum withdrawal benefits. See "IX. Federal Tax Matters" for information on tax considerations related to optional benefit Riders.

**Special Considerations on Annuitization.** The Contract, with or without a GMWB Rider, does not permit you to make a partial annuitization. You must apply your entire Contract Value to an Annuity Payment Option.

*Tax Considerations* 

Withdrawals may be taxable and may be subject to a 10% penalty tax if made prior to age 59½. See "IX. Federal Tax Matters" for information on tax considerations related to optional benefit Riders.

**No Loans under 403(b) Plans.** The loan privilege described in the Prospectus for Contracts issued in connection with certain Section 403(b) Plans is NOT available if you elected any of our GMWB Riders.

**Features of Income Plus For Life**<sup>®</sup> **12.08 Series Riders** 

*Covered Person(s)* 

The Income Plus For Life<sup>®</sup> 12.08 Series provides a lifetime income guarantee based on a single life *(Income Plus For Life 12.08)* or on the lifetime durations of two Covered Persons *(Income Plus For Life –Joint Life*<sup>®</sup> *12.08)*.

*IPFL 12.08 Series Rider Benefits* 

**Lifetime Income Amount.** The Rider provides our guarantee that a Lifetime Income Amount will be available for withdrawal each Contract Year, beginning on a Lifetime Income Date as long as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *12.08*) the Covered Person remains alive and an Owner (or an Annuitant, subject to our underwriting rules) under the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *12.08*) either Covered Person remains alive and an Owner, Beneficiary or Annuitant under the Contract.

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*The Rider terminates upon the death of the last Covered Person or upon a change in Owner, Beneficiary or Annuitant that removes the last Covered Person from the Contract as an Owner, Beneficiary or Annuitant.* 

We determine the initial Lifetime Income Amount by multiplying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Rate for the Rider (5% for Income Plus For Life<sup>®</sup> 12.08 and 4.75% (4.50% in New York) for Income Plus For Life – Joint Life<sup>®</sup> 12.08); by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base for the Rider on the Lifetime Income Date.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *12.08)*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 5%, the Lifetime Income Amount is $5,000 (5% × $100,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *12.08)* : Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 4.75%, the Lifetime Income Amount is $4,750 (4.75% × $100,000). In New York, if the Benefit Rate is 4.50%, the Lifetime Income Amount is $4,500 (4.50% × $100,000).

The maximum Lifetime Income Amount for an Income Plus For Life<sup>®</sup> 12.08 Rider is $250,000. The maximum Lifetime Income Amount for an Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider is $237,500 ($225,000 in New York). We calculate a lower Lifetime Income Amount under the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider because we provide our guarantee over the lifetimes of two Covered Persons under that Rider.

We reduce the Lifetime Income Amount if you take Excess Withdrawals. Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

We increase the Lifetime Income Amount to reflect Additional Purchase Payments, Credits, and Step-Ups that we may apply to your Rider's Benefit Base and/or Benefit Rate increases due to deferral of withdrawals after the Lifetime Income Date. Please see "Increases in Guaranteed Amounts" below for more information.

We reduce the Lifetime Income Amount if you take Excess Withdrawals. During periods of declining investment performance, Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" below for more information.

**Lifetime Income Date.** The Lifetime Income Amount guarantee starts on a Lifetime Income Date. This will be the date you purchased the Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *12.08*) you were age 58½ or older at the time (age 61 or older for Riders issued in New York); otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date you turn age 58½ (age 61 in NY).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *12.08*) both you and your Spouse were age 58½ or older at the time (age 61 or older for Riders issued in New York); otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date the younger Spouse would turn age 58½ (age 61 in NY). (The Lifetime Income Date does not change if the younger Spouse does not survive to this date and the older Spouse is still a Covered Person under the Rider.)

Benefits under the Rider may be affected if you purchased the Rider before the earliest available Lifetime Income Date and you took a withdrawal before then. Please see "Withdrawals before the Lifetime Income Date" below for more information.

We determine the initial Lifetime Income Amount on the Lifetime Income Date. You cannot change or defer the Lifetime Income Date under your Rider, but you may continue to be eligible for Credits and increases in the Benefit Rate, if any, if you defer taking withdrawals (see "Increases in Guaranteed Amounts" below).

*Benefit Base* 

We use a Benefit Base to determine the Lifetime Income Amount. The maximum Benefit Base at any time is $5 million. The initial Benefit Base is equal to your initial Purchase Payment (up to $5 million). If we allowed you to purchase the Rider after the first Contract Year, we determined the initial Benefit Base based on your Contract Value after the first Contract Year.

We reduce the Benefit Base if you take Excess Withdrawals. We may reduce the Benefit Base to reflect these withdrawals either on a dollar-for-dollar basis or on a pro-rata basis, depending on the nature of the withdrawal. During periods of declining investment performance, Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

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We increase the Benefit Base to reflect Additional Purchase Payments, Credits and Step-Ups. Please see "Increases in Guaranteed Amounts" in this section, below, for more information.

*Benefit Rate* 

We use the following Benefit Rates to determine the Lifetime Income Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *12.08 –* 5%*;* and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life – Joint Life*<sup>®</sup> *12.08 – 4.75%* (4.50% in New York).

Because we provide our guarantee over the lifetimes of two Covered Persons under an Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider, we use a lower Benefit Rate than we do under an Income Plus For Life<sup>®</sup> 12.08 Rider. We will use the Benefit Rate applicable to the age of the Covered Person (youngest Covered Person under *IPFL – Joint Life 12.08*) on the first withdrawal after the Lifetime Income Date to calculate the initial Lifetime Income Amount.

EXAMPLE: Assume that you purchased a Contract with the Income Plus For Life<sup>®</sup> 12.08 Rider when your age was 57 years and 7 months. Your Lifetime Income Date is the first Contract Anniversary since that is the Contract Anniversary before you turn age 59½. If you are age 61 or older at the time you take your first withdrawal after the Lifetime Income Date, we set your Benefit Rate equal to 4%. If you wait until you turn age 65 to take the first withdrawal after the Lifetime Income Date, we set your Benefit Rate equal to 5%.

*Increases in Guaranteed Amounts* 

**Additional Purchase Payments.** Our restrictions on Additional Purchase Payments may prevent you from increasing the amounts we guarantee under an Income Plus For Life<sup>®</sup> 12.08 Series Rider (see "Restrictions on Additional Purchase Payments," above).

Prior to the Lifetime Income Date, we will increase the Benefit Base each time you make an Additional Purchase Payment that we accept, subject to the maximum Benefit Base limit of $5 million.

On and after the Lifetime Income Date, we may increase the Benefit Base each time you make an Additional Purchase Payment, subject to the maximum Benefit Base limit of $5 million. The new Benefit Base will be the Benefit Base immediately before the Additional Purchase Payment, plus the excess, if any, of the Additional Purchase Payment (subject to our Purchase Payment limits) over any Withdrawal Amount (reduced by any subsequent Purchase Payment) since the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Date or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the latest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a Purchase Payment that we applied to the Benefit Base;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a reduction in the Benefit Base; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effective date of a Step-Up.

EXAMPLE: Assume you took a withdrawal of $5,000 after the Lifetime Income Date, your current Benefit Base is $100,000, and you make an Additional Purchase Payment of $15,000. Your Benefit Base will increase by $10,000, the excess of the Additional Purchase Payment over the prior withdrawal ($15,000 - $5,000). Your new Benefit Base will equal $110,000. Assume that the following year you take an excess withdrawal of $10,000 that reduces your Benefit Base to $105,000. If you then make an Additional Purchase Payment of $10,000, the entire $10,000 will be added to your current Benefit Base, since the Benefit Base was reduced by the previous withdrawal. The new Benefit Base will be $115,000 ($105,000 + $10,000).

**Credits.** The Income Plus For Life<sup>®</sup> 12.08 Series Riders provide the following Credit features:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annual Credit Rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued outside of New York, each time you qualify, we will increase the Benefit Base by a Lifetime Income Credit equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of total Purchase Payments to your Contract if we did not previously step up the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of the Benefit Base immediately after the latest Step-Up or reduction, increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued in New York with Income Plus For Life<sup>®</sup> 12.08, the Credit will be equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6% of total Purchase Payments to your Contract, if we did not previously step up or reduce the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6% of the Benefit Base immediately after the latest Step-Up (if greater than the amount used to calculate the previous Credit) or reduction of the Benefit Base (if less than the amount used to calculate the previous Credit), increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• During the Lifetime Income Credit Period, if you take no withdrawals in a Contract Year that begins on or after you turn age 61, the Annual Credit Rate on the following Contract Anniversary will be 7%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued in New York with Income Plus For Life – Joint Life<sup>®</sup> 12.08, there is no Credit payable for Contract Years up to and including the Contract Year when the younger of you or your Spouse turns age 61. If you take no withdrawals in a Contract Year that begins on or after the date that the younger of you or your Spouse turns age 61, the Credit on the following Contract Anniversary will equal:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of total Purchase Payments to your Contract, if we did not previously step up or reduce the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of the Benefit Base immediately after the latest Step-Up (if greater than the amount used to calculate the previous Credit) or reduction of the Benefit Base (if less than the amount used to calculate the previous Credit), increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Period (for Annual Credits) for Income Plus For Life<sup>®</sup> 12.08 and Income Plus For Life – Joint Life<sup>®</sup> 12.08 (except in New York) – The initial Credit Period coincides with the first 10 Contract Years while the Rider is in effect. We will extend the Credit Period for Annual Credits each time a Step-Up occurs to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Period (for Annual Credits) for Income Plus For Life – Joint Life<sup>®</sup> 12.08 (in New York) – The initial Credit Period coincides with the first 10 Contract Years, starting on the Contract Anniversary after the youngest Covered Person turns age 61, while the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider is in effect. We will extend the Credit Period for Annual Credits each time a Step-Up occurs to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ten Year Credit Rate – See "Ten Year Credit" below for a description of the rate we use to calculate a Ten Year Credit. <br>Ten Year Credit Period – The Credit Period for the Ten Year Credit ends on a "Target Date" that coincides with the 10th Contract Anniversary after the effective date of the Income Plus For Life<sup>®</sup> 12.08 Rider

*Annual Credits.* (We may refer to an Annual Credit in your Rider as a "Bonus" and we may refer to Annual Credits as "Deferral Credits" in our communications.) We increase the Benefit Base on each Contract Anniversary during the Credit Period for Annual Credits if you take no withdrawals during the previous Contract Year. The Credit is equal to the applicable Credit Rate multiplied by the total Purchase Payments that have been applied to the Benefit Base. If the Benefit Base has been increased by a Step-Up or decreased as a result of an Excess Withdrawal, the Credit will equal the applicable Credit Rate multiplied by the sum of (a) the Benefit Base immediately following the most recent Step-Up or decrease and (b) the total Additional Purchase Payments applied to the Benefit Base since that Step-Up or decrease.

Each time you qualify, we will increase the Benefit Base by an annual Credit equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the sum of total Purchase Payments to your Contract multiplied by the Annual Credit Rate if we did not previously step up the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base immediately after the latest Step-Up or reduction multiplied by the Annual Credit Rate, and increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. We will not decrease the Annual Credit as a result of a Step-Up and will not increase the Annual Credit as a result of a reduction in the Benefit Base.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 12.08 Rider when you, the Covered Person, are 61, you take no withdrawals during the first and second Contract Year and the applicable Annual Credit rate is 7%. Also

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assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we will apply an Annual Credit to the Benefit Base and increase it to $107,000 ($100,000 + 7% × $100,000). The Lifetime Income Amount will increase to $5,350 (5% × $107,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we will apply an Annual Credit to the Benefit Base and increase it again to $114,000 ($107,000 + 7% × $100,000). The Lifetime Income Amount will increase to $5,700 (5% × $114,000).

Now assume you take an Excess Withdrawal during the third Contract Year that reduces the Benefit Base to $100,000, and you take no withdrawals and make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you took a withdrawal during the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply an Annual Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (7% × ($100,000 + $5,000) = $7,350). The Benefit Base increases to $112,350 ($100,000 + $5,000 + $7,350) and the Lifetime Income Amount increases to $5,618 (5% × $112,350).

*Ten Year Credit (not available with NY Income Plus For Life*<sup>®</sup> *12.08)* . (We may refer to the Ten Year Credit as a "Target Amount adjustment" in your Rider and in our communications.) The Ten Year Credit provides the equivalent of the first 10 Annual Credits, assuming you receive no Step-Ups, take no withdrawals of Contract Value and make no Additional Purchase Payments for 10 Contract Years following purchase of an Income Plus For Life<sup>®</sup> 12.08 Rider. (In that case, the Ten Year Credit does not provide amounts in addition to these cumulative Annual Credits.)

If you take a withdrawal prior to the Target Date, we reduce the Target Amount on a pro rata basis, and we do not apply an Annual Credit for that year. If you continue to take withdrawals prior to the Target Date, we may reduce any remaining Target Amount to zero. If you anticipate the need for liquidity during the first 10 Contract Years, you should only purchase an Income Plus For Life<sup>®</sup> 12.08 Rider based on the value of its other features.

At the end of the Ten Year Credit Period, we calculate and, to the extent necessary, apply a Credit so that the Benefit Base equals the *greater* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base immediately preceding the Target Date, as increased by any Annual Credit or Step-Up for the Contract Year ending on the Target Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Target Amount.

The Target Amount is 170% of all "Adjusted Purchase Payments" made in the first Contract Year after you purchased the Rider plus 100% of all subsequent "Adjusted Purchase Payments" you make (subject to our Purchase Payment limits) up to the Target Date.

"Adjusted Purchase Payments" for these purposes means the total amount of Purchase Payments you make, subject to our Purchase Payment limits, reduced by any withdrawals you may have made. Each time you take a withdrawal, we deduct the *entire* amount of that withdrawal (including any withdrawal charges) on a pro rata basis from the total amount of Purchase Payments you have made, up to and including the date of the withdrawal. We do this by reducing your Adjusted Purchase Payments in the same proportion that your Contract Value is reduced by the *entire* amount of the withdrawal. We reduce the Target Amount if you take any withdrawals under your Contract from the effective date of the Income Plus For Life<sup>®</sup> 12.08 Rider until the applicable Target Date. We increase the Target Amount to reflect Additional Purchase Payments during that period.

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| |
|:---|
| We apply Annual Credits on your Contract Anniversaries if you have taken no withdrawals during the preceding Contract <br> Year. For additional details on how we calculate the Annual Credit, please see the Example above.<br>|
| The Ten Year Credit provides the equivalent of the first 10 Annual Credits, assuming you receive no Step-Ups, take no <br> withdrawals of Contract Value and make no Additional Purchase Payments during the Ten Year Credit Period.<br>|
| We do not apply any Annual Credit or Ten Year Credit to the extent it increases the Benefit Base to an amount in excess of <br> $5 million.<br>|

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**Step-Ups.** The Income Plus For Life<sup>®</sup> 12.08 Series Riders provide Step-Ups. We discuss how the Step-Up works below. The Step-Up compares your Contract Value on a Step-Up Date to certain previously calculated guaranteed amounts. Step-Up Dates coincide with the first Contract Anniversary after you purchased the Rider and every Contract Anniversary thereafter,

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up to and including the Age 95 Contract Anniversary. You will no longer be eligible for Step-Ups, however, if you decline a scheduled increase in the Rider fee rate (see "Rider Fees" earlier in this Appendix).

*How Step-Ups Work.* If the Contract Value on any Step-Up Date is greater than the Benefit Base (including any Credit) on that date, we will automatically step up the Benefit Base to equal the Contract Value (subject to the maximum Benefit Base limit of $5 million). We will also increase the Lifetime Income Amount (after the Lifetime Income Date) and the dollar amount of the Rider fee (see "Rider Fees" earlier in this Appendix). The new Lifetime Income Amount will equal 5% of the Benefit Base value after the Step-Up (4.75% for Income Plus For Life – Joint Life<sup>®</sup> 12.08 Riders outside New York; 4.5% in New York), and the Rider fee will be based on the increased Benefit Base. We also reserve the right to increase the *rate* of the Income Plus For Life<sup>®</sup> 12.08 Rider fee up to a maximum rate of 1.20%. If we decide to increase the rate at the time of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the automatic Step-Up. If you decline the Step-Up, the fee rate will not be increased.

*Impact of Step-Ups on Credit Period.* Each time a Step-Up occurs, we extend the Credit Period for Annual Credits to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

*Declination of Step-Ups.* If you decline an automatic Step-Up, you have the option to elect to step up the Benefit Base (as well as Lifetime Income Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base, we will thereafter resume automatic Step-Ups.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 12.08 Rider when you, the Covered Person, are 61, you take no withdrawals during the first three Contract Years and the applicable Annual Credit rate is 7%. Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and that the Contract Value on the third Contract Anniversary is $125,000. The Benefit Base on the third Contract Anniversary including the Annual Credits for the first three Contract Years is $121,000. Since the Contract Value of $125,000 is greater than the current Benefit Base including the Credit, the Benefit Base increases to $125,000 and the Lifetime Income Amount increases to $6,250 (5% × $125,000). If no withdrawals are taken in the fourth Contract Year, the Annual Credit on the fourth Contract Anniversary equals $8,750 (7% × $125,000).

Step-Ups may occur only while the Income Plus For Life<sup>®</sup> 12.08 Series Rider is in effect.<br>

*Withdrawals, Distributions and Settlements* 

**Overview.** The Income Plus For Life<sup>®</sup> 12.08 Series Riders provide a guaranteed minimum withdrawal benefit during the Accumulation Period. In particular, these Riders permit you to withdraw a minimum annual amount, for as long as a Covered Person lives, subject to the terms and conditions of the Rider. We may have determined the amount of the initial guarantee after we issued your Contract, depending on the age of the Covered Person when we issued the Contract. We may increase the guarantee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by one or more Credits if you make no withdrawals during certain Contract Years, up to limits described in the "Credits" section, above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a result of a Step-Up of the guarantee (see preceding section) to reflect your then-current Contract Value on certain Contract Anniversary dates; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you make an Additional Purchase Payment that we accept under a Financial Account Plan or Payroll Plan (up to specified limits and if not otherwise restricted).

Although these Riders guarantee a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. We reduce your Contract Value and your death benefit each time you take a withdrawal (see "Death Benefit During Accumulation Period" in "VII. Description of the Contract"). We may reduce the Benefit Base and Lifetime Income Amount values if you take Excess Withdrawals. If you experience unfavorable investment performance (and therefore your Contract Value is less than your Benefit Base) and then take withdrawals, your future Lifetime Income Amount could be significantly reduced. *If Contract Value or your Benefit Base declines to zero before the Lifetime Income Date, you will lose the guaranteed minimum withdrawal benefit under the Rider (see "Settlement Phase" in this section, below).* 

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**Excess Withdrawals.** We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals for more than the amount guaranteed under the terms of the Rider you select. Your future Lifetime Income Amount could be significantly reduced if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take withdrawals prior to the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

For the Income Plus For Life<sup>®</sup> 12.08 Series Riders, an Excess Withdrawal is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take before the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take on and after the Lifetime Income Date that, together with all other withdrawals taken during a Contract Year (including any applicable withdrawal charges) previously taken during the Contract Year of withdrawal, exceeds the Lifetime Income Amount at the time of withdrawal.

After the Lifetime Income Date, we do not consider withdrawals under our Life Expectancy Distribution Program to result in an Excess Withdrawal unless you take additional withdrawals outside of that program.

If you experience unfavorable investment performance, an Excess Withdrawal could result in substantial reductions to your Contract Value and Benefit Base. Your future Lifetime Income Amount could be significantly reduced, and if both your Contract Value and Benefit Base decline to zero before the Lifetime Income Date, you will lose your guaranteed minimum withdrawal benefit.

**Withdrawals before the Lifetime Income Date.** Each time you take a withdrawal before the Lifetime Income Date, we generally reduce the Benefit Base on a pro rata basis. This means that we reduce the Benefit Base in the same proportion that your Contract Value is reduced by the Withdrawal Amount. We use a different method if you take a withdrawal under our Life Expectancy Distribution Program.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 12.08 Series Rider that names you as the Covered Person when you are 45. (Since you are under age 58½, or 61 in New York, at time of purchase, the Lifetime Income Date will not coincide with the Rider's effective date.) Now assume that in the eighth Contract Year, when you are 53, the Contract Value is $80,000, the Benefit Base is $90,000, no withdrawal charges apply under your Contract and you withdraw $5,000 of Contract Value.

In this case, you reduce your Contract Value by 6.25% (i.e., $5,000/$80,000) and we reduce your Benefit Base by the same percentage ($90,000 × 0.0625, or $5,625). The Benefit Base after the Excess Withdrawal is $90,000 – $5,625, or $84,375.

Note: withdrawals may be taxable and if made prior to age 59½ may be subject to a 10% penalty tax (see "IX. Federal Tax Matters").

**Withdrawals after the Lifetime Income Date.** Each time you take a withdrawal after the Lifetime Income Date, we first determine if the Withdrawal Amount is entirely or partially an Excess Withdrawal (i.e., a withdrawal, including any withdrawal charges, that exceeds the Lifetime Income Amount when combined with any other withdrawal(s) for that Contract Year). If so, we reduce the Benefit Base on a pro rata basis. We do this by reducing your Benefit Base in the same proportion that your Contract Value is reduced by the *entire* amount of the withdrawal that resulted in an Excess Withdrawal.

Each time we reduce the Benefit Base, we also reduce the Lifetime Income Amount to equal 5% of the new Benefit Base. We also reduce the Benefit Base and the Lifetime Income Amount for each subsequent Excess Withdrawal that you take during that Contract Year.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *12.08)* : Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> 12.08 Rider. Also assume that when you are age 62, the Contract Value is $100,000, the Benefit Base is $110,000, and the Lifetime Income Amount is $5,500. If you withdraw $10,000, we first reduce your Contract Value by 10% ($10,000/$100,000) and since this withdrawal is an Excess Withdrawal we reduce your Benefit Base by the same percentage ($110,000 × .10 = $11,000). The Benefit Base after the Excess Withdrawal is $99,000 ($110,000 – $11,000) and the Lifetime Income Amount is $4,950 (.05 × $99,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *12.08)*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider. Also assume that when the younger Covered Person is age 62, the Contract Value is $100,000, the Benefit Base is $110,000, the Lifetime Income Amount is $5,225 and the Benefit Rate is 4.75%. If you withdraw $10,000,

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the withdrawal is an Excess Withdrawal and we reduce your Benefit Base by 10% ($10,000/$100,000). The new Benefit Base is $99,000 ($110,000 – 10% × $110,000 = $110,000 – $11,000). The new Lifetime Income Amount is $4,703 (4.75% × $99,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *12.08 in New York)*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider in New York. Also assume that when the younger Covered Person is age 62, the Contract Value is $100,000, the Benefit Base is $110,000, the Lifetime Income Amount is $4,950 and the Benefit Rate is 4.50%. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we reduce your Benefit Base by 10% ($10,000/$100,000). The new Benefit Base is $99,000 ($110,000 – 10% × $110,000 = $110,000 – $11,000). The new Lifetime Income Amount is $4,455 (4.50% × $99,000).

We do not reduce the Benefit Base and/or the Lifetime Income Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the withdrawals are taken under our Life Expectancy Distribution Program (as opposed to those withdrawals taken *prior to* the Lifetime Income Date, which *do* reduce the Benefit Base), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if your total Withdrawal Amounts during a Contract Year are less than or equal to the Lifetime Income Amount.

The Income Plus For Life<sup>®</sup> 12.08 Series Riders enter a Settlement Phase in any Contract Year that your Contract Value declines to zero if your Benefit Base is greater than zero at that time and you have taken no Excess Withdrawals during that Contract Year. *In the event of an Excess Withdrawal, you will lose the guaranteed minimum withdrawal benefit under the Rider, and the Rider will not enter the Settlement Phase, if Contract Value declines to zero during the Contract Year of the Excess Withdrawal* (see "Settlement Phase" in this section, below). The Income Plus For Life<sup>®</sup> 12.08 benefit terminates if the Contract Value and Benefit Base immediately after a withdrawal are all equal to zero.

**Pre-Authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with an Income Plus For Life<sup>®</sup> 12.08 Series Rider, you can pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. We offer our Income Made Easy Program for Contracts with the Rider to provide payment of an income for the lifetime of the Covered Person. The full allowable amount is based on the Lifetime Income Amount. You can start taking withdrawals under the Income Made Easy Program no sooner than the Lifetime Income Date for your Rider (see "Pre-Authorized Withdrawals – The Income Made Easy Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** The Life Expectancy Distribution Program is available with the Income Plus For Life<sup>®</sup> 12.08 Series Riders (see the "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

Each withdrawal under our Life Expectancy Distribution Program reduces your Contract Value. We reduce the Benefit Base by the amount of the withdrawal if you take a withdrawal under our Life Expectancy Distribution Program prior to the Lifetime Income Date. We do not reduce your Benefit Base or Lifetime Income Amount if a withdrawal under the Life Expectancy Distribution Program on or after the Lifetime Income Date (for an amount we calculate based on our current understanding and interpretation of federal tax law) causes total withdrawals during a Contract Year to exceed the Lifetime Income Amount and all withdrawals during that year were under our Life Expectancy Distribution Program.

**Settlement Phase.** We automatically begin making payments to you under the "Settlement Phase" of a an Income Plus For Life<sup>®</sup> 12.08 Series Rider if your Contract Value reduces below a minimum required amount and you satisfy the conditions described in the Rider. During the Settlement Phase, the Contract continues but all other rights and benefits under the Contract, including death benefits and any optional benefit Riders, terminate. We do not accept Additional Purchase Payments for, apply additional Credits or make any Step-Ups to, or deduct any charges from a Rider during the Settlement Phase. You cannot annuitize once the Settlement Phase begins.

The Settlement Phase under the Rider begins if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value reduces to zero at any time during a Contract Year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• there were no Excess Withdrawals during that Contract Year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base is still greater than zero at the time.

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There is no Settlement Phase under an Income Plus For Life<sup>®</sup> 12.08 Series Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take any withdrawal before the earliest available Lifetime Income Date and the Contract Value declines to zero during the Contract Year of the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take a withdrawal on or after the earliest available Lifetime Income Date that is an Excess Withdrawal and the Contract Value declines to zero during the Contract Year of the withdrawal.

The settlement amount we pay to you under the Rider varies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase after the Lifetime Income Date, at the start of the Settlement Phase we will pay an initial settlement amount equal to the remaining Lifetime Income Amount for that Contract Year, and make additional annual payments of the Lifetime Income Amount as long as the Covered Person is living.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase before the Lifetime Income Date, we will begin making annual settlement payments following the Lifetime Income Date as long as the Covered Person is living. In this case, the annual amount will equal the Lifetime Income Amount (i.e., 5% of the Benefit Base at the Lifetime Income Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In lieu of annual payments of the settlement amount, we will permit you to elect monthly, quarterly or semi-annual installment payments of the Lifetime Income Amount.

*Impact of Death Benefits* 

**Income Plus For Life**<sup>®</sup> **12.08.** If the Beneficiary does not take the death benefit as a lump sum, the following applies:

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| | | |
|:---|:---|:---|
| **If the Deceased**<br> **Owner is:** | **If the Deceased**<br> **Owner is:** | &nbsp;&nbsp; **Then**<br> **INCOME PLUS FOR LIFE**<sup>®</sup> **12.08:**  |
| 1. | Not the Covered Person | &nbsp;&nbsp; may continue if the Beneficiary elects to continue the Contract within the time <br> we permit under our administrative rules. We automatically increase the Benefit <br> Base to equal the initial death benefit we determine, if the death benefit is <br> greater than the Benefit Base prior to our determination. We also recalculate the <br> Lifetime Income Amount to equal 5% of the recalculated Benefit Base and <br> assess the Rider fee based on the recalculated Benefit Base.<br>|
| 1. | Not the Covered Person | &nbsp;&nbsp; enters its Settlement Phase if a subsequent withdrawal would deplete the <br> Contract Value to zero, and the remaining Lifetime Income Amount for the year <br> of withdrawal is still greater than zero.<br>|
| 1. | Not the Covered Person | &nbsp;&nbsp; continues to be eligible for any remaining Credit amounts and Step-Ups, and a <br> Target Amount adjustment, but we change the date we determine and apply these <br> benefits to future anniversaries of the date we determine the initial death benefit. <br> We permit the Beneficiary to opt out of an increase in the Benefit Base, if any, to <br> reflect the initial death benefit and any future Step-Ups if we increase the rate of <br> the Income Plus For Life<sup>®</sup> 12.08 fee at that time.<br>|
| 2. | The Covered Person | ends without any further benefit. |

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*Death benefits during the Settlement Phase.* If you die during the Settlement Phase, the only death benefits we provide are the remaining settlement payments that may become due under the Income Plus For Life<sup>®</sup> 12.08 Rider. If the Covered Person dies during the Settlement Phase, we reduce the Lifetime Income Amount to zero and make no further payments. If the Beneficiary is an individual, the Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. Otherwise, the entire interest must be distributed within five years of the Owner's death.

**Income Plus For Life – Joint Life**<sup>®</sup> **12.08.** If the Beneficiary continues a Contract in force following the death of an Owner, coverage under an Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider ends if the deceased Owner is the *last* Covered Person under the Rider. If the Beneficiary continues a Contract in force following the death of an Owner, coverage under the Rider may continue only if: (a) the deceased Owner is the *first* Covered Person under the Rider to die; and either (b) the surviving Covered Person is a Spousal Beneficiary; or (c) the surviving Covered Person is a Spouse of the deceased Owner and a tax-qualified retirement plan is the non- Spousal Beneficiary. If the death benefit is greater than the Contract Value, we will increase the Contract Value to equal the amount of the death benefit (but will not increase the Benefit Base, Lifetime Income Amount, Credits or Step-Ups).

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If the Rider continues, we will determine the Adjusted Benefit Base and the Rider fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death of First Covered Person.* If the first Covered Person to die is an Owner of the Contract (or deemed to be an Owner if the Owner is a non-natural person), the surviving Covered Person may elect to continue the Contract in effect in lieu of receiving the Contract's death benefit as a lump sum under our current administrative procedures, subject to the distribution options listed in the Contract. (See "Death after Removal of a Covered Person" below if there is no surviving Covered Person.) If the Contract continues, the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider will continue. We will continue to provide the Lifetime Income Amount guarantee only for the lifetime of the surviving Covered Person and continue to charge the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider fee (see "Rider Fees – Fee for Income Plus For Life<sup>®</sup> 12.08 Series Riders" earlier in this Appendix). If the death benefit is greater than the Contract Value, we will increase the *Contract Value* to equal the amount of the death benefit (but will not make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups). We will treat any distribution of death benefits under a Contract as a withdrawal for purposes of subsequent calculations of the Benefit Base and the Lifetime Income Amount.

If the first Covered Person to die is not the Owner (and is not deemed to be an Owner if the Owner is a non-natural person), no death benefit is payable under the Contract. The Rider will continue in effect and we will base the duration of the Lifetime Income Amount only on the lifetime of the surviving Covered Person. We will continue to charge the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider fee; however, we will make no adjustments to the Contract Value or make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups.

**We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs from the amount and duration in effect before the death of the first Covered Person.** 

*Death of Last Covered Person.* If the surviving Covered Person dies while the Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider is in effect we will reduce the Lifetime Income Amount to zero and we make no additional payments under the Rider to the Beneficiary.

*Death after Removal of a Covered Person.* In certain instances, a person initially designated as a Covered Person may be removed as a Covered Person from the Rider. If that happens and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *removed* Covered Person subsequently dies, there will be no impact on the guarantees provided by the Rider in most cases; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *remaining* Covered Person subsequently dies, we will consider that Covered Person to be the "last" Covered Person and the Rider will terminate.

*Death Benefits during the Settlement Phase.* If death occurs during an Income Plus For Life – Joint Life<sup>®</sup> 12.08 Rider's Settlement Phase, the only death benefit we provide is the remaining settlement payments that may become due under that Rider. If the death of the first Covered Person occurs while the Rider is in its Settlement Phase, no additional death benefit is payable under the Contract and, in most instances, we will continue to make settlement payments in the same manner as before the death. If the death occurs before the Lifetime Income Date, we will compute a Lifetime Income Amount during the Settlement Phase on the Lifetime Income Date. Settlement payments will equal the Lifetime Income Amount. **We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs from the amount and duration in effect before the death of the first Covered Person.** 

*Termination of Rider* 

You may not terminate an Income Plus For Life<sup>®</sup> 12.08 Series Rider once it is in effect. However, an Income Plus For Life<sup>®</sup> 12.08 Series Rider terminates automatically upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a death benefit is payable and the Beneficiary takes the death benefit as a lump sum under the terms of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date an Annuity Option begins;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Contract Value and the Benefit Base both equal zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *12.08*) the death or removal of the Covered Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *12.08*) the death or removal of the last Covered Person remaining under the Rider;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a new GMWB Rider becomes effective under any Rider exchange program that we may make available; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of the Contract.

**Features of Income Plus For Life**<sup>®</sup> **(Quarterly Step-Up Review) Series Riders** 

*Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review) Series Definitions* 

The following definitions apply only to the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders.

**Age 59 Contract Anniversary** means the Contract Anniversary on, or next following, the date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Covered Person turns age 59 under an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the younger Covered Person turns age 59 under an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider.

**Adjusted Step-Up Value:** We establish tentative Step-Up values on each "Interim Review Date" (defined below) during a Contract Year, adjusted to reflect any Excess Withdrawals and Additional Purchase Payments made from the Interim Review Date to the end of that Contract Year. Then, at the end of the Contract Year, we compare each of the tentative Step-Up values (as adjusted above) for that Contract Year and select the highest Adjusted Step-Up Value. If the highest Adjusted Step-Up Value is higher than your Benefit Base (including any Credits, if applicable) on the Contract Anniversary, we will increase the Benefit Base to equal the highest Adjusted Step-Up Value.

**Interim Review Date:** Each of the quarterly dates on which we compare the Rider's Benefit Base to the Contract Value during a Contract Year, up to and including the Age 95 Contract Anniversary while the Rider is in effect.

*Form of Guaranteed Amounts* 

The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders provide a lifetime income guarantee based on a single life *(Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review))* or on the lifetime duration of two Covered Persons *(Income Plus For Life –Joint Life*<sup>®</sup> *(Quarterly Step-Up Review))*.

*IPFL (Quarterly Step-Up Review) Benefits* 

**Lifetime Income Amount.** The Rider provides our guarantee that a Lifetime Income Amount will be available for withdrawal each Contract Year, beginning on a Lifetime Income Date as long as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review))*: the Covered Person remains alive and is designated as an Owner (or an Annuitant, subject to our underwriting rules) under the Contract: or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review))*: either Covered Person remains alive and is designated as an Owner, Beneficiary or Annuitant under the Contract.

*The Rider terminates upon the death of the last Covered Person or upon a change in Owner, Beneficiary or Annuitant that removes the last Covered Person from the Contract as an Owner, Beneficiary or Annuitant.* 

We determine the initial Lifetime Income Amount by multiplying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Rate for the Rider (5% for Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review), 4.75% for Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) and 4.50% for New York Income Plus For Life – Joint Life (Quarterly Step-Up Review)); by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base for the Rider on the Lifetime Income Date.

The maximum Lifetime Income Amount for an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider is $250,000. The maximum Lifetime Income Amount for an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider is $237,500 ($225,000 in New York). We calculate a lower Lifetime Income Amount under the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider because we provide our guarantee over the lifetime of two Covered Persons under that Rider.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review))*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 5%, the Lifetime Income Amount is $5,000 (5% × $100,000).

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EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review))*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 4.75%, the Lifetime Income Amount is $4,750 (4.75% × $100,000). In New York, if the Benefit Rate is 4.50%, the Lifetime Income Amount is $4,500 (4.50% × $100,000).

We reduce the Lifetime Income Amount if you take Excess Withdrawals. Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

We increase the Lifetime Income Amount to reflect Additional Purchase Payments, Credits and Step-Ups that we may apply to your Rider's Benefit Base and/or Benefit Rate increases due to deferral of withdrawals after the Lifetime Income Date. Please see "Increases in Guaranteed Amounts" in this section, below, for more information.

**Lifetime Income Date.** The Lifetime Income Amount guarantee starts on a Lifetime Income Date. This is the date you purchased the Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review))* you were age 58½ or older at the time (age 61 or older for Riders issued in New York); otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date you turn age 58½ (age 61 in New York).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review))* both you and your Spouse were age 58½ or older at the time (age 61 or older for Riders issued in New York); otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date the younger Spouse would turn age 58½ (age 61 in New York). (The Lifetime Income Date does not change if the younger Spouse does not survive to this date and the older Spouse is still a Covered Person under the Rider.)

Benefits under the Rider may be affected if you purchased the Rider before the earliest available Lifetime Income Date and take a withdrawal before then. Please see "Withdrawals before the Lifetime Income Date" for more information.

We determine the initial Lifetime Income Amount on the Lifetime Income Date. You cannot change or defer the Lifetime Income Date under the Rider, but you may continue to be eligible for Credits and Step-Ups if you defer taking withdrawals (see "Increases in Guaranteed Amounts" below).

*Benefit Base* 

We use a Benefit Base to determine the Lifetime Income Amount. The maximum Benefit Base at any time is $5 million. The initial Benefit Base is equal to your initial Purchase Payment (up to $5 million). If we allowed you to purchase the Rider after the first Contract Year, we may have determined the initial Benefit Base based on your Contract Value after the first Contract Year.

We reduce the Benefit Base if you take Excess Withdrawals. We may reduce the Benefit Base to reflect these withdrawals either on a dollar-for-dollar basis or on a pro-rata basis, depending on the nature of the withdrawal. During periods of declining investment performance, Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

We increase the Benefit Base to reflect Additional Purchase Payments, Credits and Step-Ups. Please see "Increases in Guaranteed Amounts" in this section, below, for more information.

*Benefit Rate* 

We use the following Benefit Rates to determine the Lifetime Income Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review) –* 5%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review) –* 4.75% (4.50% in New York).

Because we provide our guarantee over the lifetimes of two Covered Persons under an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider, we use a lower Benefit Rate than we do under an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider.

*Increases in Guaranteed Amounts* 

**Additional Purchase Payments.** Our restrictions on Additional Purchase Payments may prevent you from increasing the amounts we guarantee under an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider.

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Prior to the Lifetime Income Date, we will increase the Benefit Base each time you make an Additional Purchase Payment that we accept (see "Restrictions on Additional Purchase Payments," above), subject to the maximum Benefit Base limit of $5 million.

On and after the Lifetime Income Date, we may increase the Benefit Base each time you make an Additional Purchase Payment, up to the maximum Benefit Base of $5 million. The new Benefit Base will be the Benefit Base immediately before the Additional Purchase Payment, plus the excess, if any, of the Additional Purchase Payment (subject to our Purchase Payment limits) over any Withdrawal Amount (reduced by any subsequent Purchase Payment) since the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Date or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the latest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a Purchase Payment that we applied to the Benefit Base,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a reduction in the Benefit Base, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effective date of a Step-Up.

EXAMPLE: Assume you took a withdrawal of $5,000 after the Lifetime Income Date, your current Benefit Base is $100,000, and you make an Additional Purchase Payment of $15,000. Your Benefit Base will increase by $10,000, the excess of the Additional Purchase Payment over the prior withdrawal ($15,000 - $5,000). Your new Benefit Base will equal $110,000. Assume that the following year you take an excess withdrawal of $10,000 that reduces your Benefit Base to $105,000. If you then make an Additional Purchase Payment of $10,000, the entire $10,000 will be added to your current Benefit Base, since the Benefit Base was reduced by the previous withdrawal. The new Benefit Base will be $115,000 ($105,000 + $10,000).

**Credits.** The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider provides the following Credit features:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annual Credit Rate –

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued outside of New York, each time you qualify, we will increase the Benefit Base by a Lifetime Income Credit equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of total Purchase Payments to your Contract if we did not previously step up the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of the Benefit Base immediately after the latest Step-Up or reduction, increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued in New York with Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review), the Credit will be equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6% of total Purchase Payments to your Contract, if we did not previously step up or reduce the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6% of the Benefit Base immediately after the latest Step-Up (if greater than the amount used to calculate the previous Credit) or reduction of the Benefit Base (if less than the amount used to calculate the previous Credit), increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• During the Lifetime Income Credit Period, if you take no withdrawals in a Contract Year that begins on or after you turn age 61, the Credit rate on the following Contract Anniversary will be 7%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For Contracts issued in New York with Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review), there is no Credit payable for Contract Years up to and including the Contract Year when the younger of you or your Spouse turns age 61. If you take no withdrawals in a Contract Year that begins on or after the younger of you or your Spouse turns age 61, the Credit on the following Contract Anniversary will equal:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of total Purchase Payments to your Contract, if we did not previously step up or reduce the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% of the Benefit Base immediately after the latest Step-Up (if greater than the amount used to calculate the previous Credit) or reduction of the Benefit Base (if less than the amount used to calculate the previous Credit),

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increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. This means that a Credit will not decrease after the latest Step-Up and will not increase after the latest reduction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Period (for Annual Credits) for Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) and Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) (except in New York) – The initial Credit Period coincides with the first 10 Contract Years while the Rider is in effect. We will extend the Credit Period for Annual Credits each time a Step-Up occurs to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Period (for Annual Credits) for Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) (in New York) – The initial Credit Period coincides with the first 10 Contract Years, starting on the Contract Anniversary after the youngest Covered Person turns age 61, while the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider is in effect. We will extend the Credit Period for Annual Credits each time a Step-Up occurs to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ten Year Credit Rate – See "Ten Year Credit" below for a description of the rate we use to calculate a Ten Year Credit. Ten Year Credit Period – The Credit Period for the Ten Year Credit ends on a "Target Date" that coincides with the 10th Contract Anniversary after the effective date of the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider

*Annual Credits.* (We refer to an Annual Credit in your Rider as a "Bonus" and we may refer to Annual Credits as "Deferral Credits" in our communications.) We increase the Benefit Base on each Contract Anniversary during the Credit Period for Annual Credits you take no withdrawals during the previous Contract Year.

Each time you qualify, we increase the Benefit Base by an Annual Credit equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the sum of total Purchase Payments to your Contract multiplied by the Annual Credit Rate if we did not previously step up the Benefit Base and/or the Lifetime Income Amount; otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base immediately after the latest Step-Up or reduction multiplied by the Annual Credit Rate, and increased by the amount of any Purchase Payments applied to the Benefit Base since the latest Step-Up or reduction. We do not decrease the Annual Credit as a result of a Step-Up and do not increase the Annual Credit as a result of a reduction in the Benefit Base.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider when you, the Covered Person, are 61, you take no withdrawals during the first and second Contract Year and the applicable Annual Credit rate is 7%. Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we apply an Annual Credit to the Benefit Base and increase it to $107,000 ($100,000 + 7% × $100,000). The Lifetime Income Amount increases to $5,350 (5% × $107,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we apply an Annual Credit to the Benefit Base and increase it again to $114,000 ($107,000 + 7% × $100,000). The Lifetime Income Amount increases to $5,700 (5% × $114,000).

Now assume you take an Excess Withdrawal of $10,000 during the third Contract Year that reduce the Benefit Base to $100,000, and you take no withdrawal and make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you take a withdrawal during the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply an Annual Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (7% × ($100,000 + $5,000) = $7,350). The Benefit Base increases to $112,350 ($100,000 + $5,000 + $7,350) and the Lifetime Income Amount increases to $5,618 (5% × $112,350).

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| |
|:---|
| We apply Annual Credits on your Contract Anniversaries if you have taken no withdrawals during the preceding Contract <br> Year. For additional details on how we calculate the Annual Credit, please see the Example above.<br>|
| We do not apply any Annual Credit to the extent it would increase the Benefit Base to an amount in excess of $5 million. |

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*Ten Year Credit. (not available with NY Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review))* (We may refer to the Ten Year Credit as a "Target Amount adjustment" in your Rider and in our communications.) At the end of the Ten Year Credit Period, we make a calculation and, to the extent necessary, apply a Credit so that the Benefit Base will equal the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the current Benefit Base, as increased by any Annual Credit or Step-Up for the Contract Year ending on the Target Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the "Target Amount"(see below).

**The "Ten Year Credit Period" will exceed ten Contract Years if you purchased this Rider before a Covered Person turned age 59.** 

The Target Amount is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 200% of all "Adjusted Purchase Payments" (see below) made in the first Contract Year after you purchased the Rider plus 100% of all subsequent Adjusted Purchase Payments you make until the Target Date (subject to our Purchase Payment limits); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the highest Target Value.

In no event, however, will we set a Target Amount in excess of $5 million.

Adjusted Purchase Payments, for these purposes, means the total amount of Purchase Payments you make, subject to our Purchase Payment limits, reduced by any withdrawals you may have made. Each time you take a withdrawal, we will deduct the *entire* amount of that withdrawal (including any withdrawal charges) on a pro rata basis from the total amount of Purchase Payments you have made up to, and including, the date of the withdrawal. We do this by reducing your Adjusted Purchase Payments in the same proportion that your Contract Value is reduced by the *entire* amount of the withdrawal.

We calculate a Target Value for each Contract Year up to the Age 59 Contract Anniversary. Target Value, for these purposes, means 200% of your Contract Value as of any Interim Review Date (up to the Age 59 Contract Anniversary), plus 100% of Purchase Payments you may have made since that Contract Anniversary, minus a pro rata reduction for any Withdrawal Amounts you may have taken since that Contract Anniversary. We do not calculate a Target Value for any Contract Year following the Age 59 Contract Anniversary.

We reduce the Target Amount if you take any withdrawals under your Contract from the effective date of the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider until the end of the Ten Year Credit Period. We increase the Target Amount to reflect Additional Purchase Payments during that period and, in some cases, we also increase the Target Amount to reflect favorable investment performance.

EXAMPLE: Assume a Contract (single life or joint life) is purchased at age 55 with an initial Purchase Payment of $100,000, there is an Additional Purchase Payment of $25,000 in the second Contract Year, and the highest Contract Value on any Interim Review Date prior to the Age 59 Contract Anniversary is $140,000 in the 4th Contract Year. The Target Amount is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (200% × $100,000) + (100% × $25,000) = $225,000; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 200% × $140,000 = $280,000.

The Target Amount adjustment can provide higher lifetime income than you would otherwise achieve under this Rider. The <br> Target Amount adjustment provides its greatest benefit if you wait until the Target Date to take your first withdrawal. If you <br> take a withdrawal prior to the Target Date, we will reduce the Target Amount and it will not be of as much value to you. If <br> you continue to take withdrawals prior to the Target Date, we may reduce any remaining Target Amount to zero.<br>

**Step-Ups.** The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders provide Step-Ups. We discuss how the Step-Up works below. The Step-Up compares your Contract Value on a Step-Up Date to certain previously calculated guaranteed amounts. Step-Up Dates coincide with the first Contract Anniversary after you purchased the Rider and every Contract Anniversary thereafter, up to and including the Age 95 Contract Anniversary. You will no longer be eligible for Step-Ups, however, if you decline a scheduled increase in the Rider fee rate (see "Rider Fees" earlier in this Appendix).

*How Step-Ups Work.* We schedule Step-Up Dates starting on the first Contract Anniversary following your purchase of the Rider and on each Contract Anniversary after that, up to and including the Age 95 Contract Anniversary.

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On each Step-Up Date, we compare the Benefit Base (including any applicable Annual Credit) to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value on that date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Adjusted Step-Up Value for each Interim Review Date during the immediately preceding Contract Year.

If the Contract Value or any such Adjusted Step-Up Value on any Step-Up Date is greater than the Benefit Base (including any Annual Credit) on that date, we will automatically step up the Benefit Base to equal the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value on the Contract Anniversary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the highest Adjusted Step-Up Value for any Interim Review Date, during the immediately preceding Contract Year.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider when you, the Covered Person, are 61, you take no withdrawals during the first three Contract Years and the applicable Annual Credit rate is 7%. Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and that the Contract Value on the third Contract Anniversary is $125,000. The Benefit Base on the third Contract Anniversary including the Annual Credits for the first three Contract Years is $121,000. Since the Contract Value of $125,000 is greater than the current Benefit Base including the Credit, the Benefit Base increases to $125,000 and the Lifetime Income Amount increases to $6,250 (5% ×$125,000). If no withdrawals are taken in the fourth Contract Year, the Annual Credit on the fourth Contract Anniversary equals $8,750 (7% × $125,000).

In no event, however, would we increase the Benefit Base to exceed $5 million. If we increase the Benefit Base on any Step-Up Date (after the Lifetime Income Date), we also increase the Lifetime Income Amount. The new Lifetime Income Amount equals the Benefit Rate multiplied by the new Benefit Base value after the Step-Up.

*Interim Review Dates and Adjusted Step-Up Values.* Under each of our Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders, we compare the Rider's Benefit Base to the Contract Value on a quarterly basis during each Contract Year, up to and including the Age 95 Contract Anniversary while the Rider is in effect. We call each of these dates an "Interim Review Date."

If the Benefit Base is less than the Contract Value on any Interim Review Date, we establish a tentative Step-Up value for that date. We reduce each tentative Step-Up value on a pro rata basis to reflect any Excess Withdrawals you may have taken from the Interim Review Date to the end of that Contract Year. We increase each tentative Step-Up value by any Additional Purchase Payments (and reduce by any withdrawals) you may have made from the Interim Review Date to the end of that Contract Year. Then, at the end of the Contract Year, we compare each of the tentative Step-Up values, as adjusted to reflect Excess Withdrawals and Additional Purchase Payments ("Adjusted Step-Up Value"), for that Contract Year and select the highest Adjusted Step-Up Value. If the highest Adjusted Step-Up Value is higher than your Benefit Base (including any Credits, if applicable) on the Contract Anniversary, we will increase the Benefit Base to equal the highest Adjusted Step-Up Value.

EXAMPLE: Assume your Benefit Base at the beginning of Contract Year 2 is $100,000 and you make no Additional Purchase Payments during that year. Also assume the highest Adjusted Step-Up Value on an Interim Review Date is at the end of 6 months, when your Contract Value is $110,000. Finally, assume that you take no withdrawals during Contract Year 2 and your Contract Value at the end of the year is $105,000.

Under these assumptions for a single-life Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider, we increase your Benefit Base, but not your Contract Value, to $110,000 at the end of Contract Year 2. We also increase your annual Lifetime Income Amount from $5,000 (5% of $100,000) to $5,500 (5% of $110,000). Your Contract Value equals $105,000 at the end of Contract Year 2.

Under these assumptions for an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider, we increase your Benefit Base, but not your Contract Value, to $110,000 at the end of Contract Year 2. For non-New York Contracts, we also increase your annual Lifetime Income Amount from $4,750 (4.75% of $100,000) to $5,225 (4.75% of $110,000). In New York, we increase your annual Lifetime Income Amount from $4,500 (4.5% of $100,000) to $4,950 (4.5% of $110,000). In each case, your Contract Value equals $105,000 at the end of Contract Year 2.

*Impact of Step-Ups on Rider Fees.* Each time we increase the Benefit Base, we also increase the dollar amount of the Rider fee. The new Rider fee is based on the new Benefit Base. We also reserve the right to increase the *rates* of the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider fee up to a maximum rate of 1.20%. If we decide to increase the rate at the

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effective date of a Step- Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the automatic Step-Up (see "Rider Fees" earlier in this Appendix). If you decline the Step-Up, the fee rate will not be increased.

*Impact of Step-Ups on Credit Period.* Each time a Step-Up occurs, we extend the annual Credit Period to the lesser of 10 years from the effective date of the Step-Up Date or the Age 95 Contract Anniversary.

*Declination of Step-Ups.* If you decline an automatic Step-Up, you have the option to elect to Step-Up the Benefit Base (as well as Lifetime Income Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base, we will thereafter resume automatic Step-Ups.

Step-Ups may occur only while the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider is in effect.<br>

*Withdrawals, Distributions and Settlements* 

**Overview.** The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders provide a guaranteed minimum withdrawal benefit during the Accumulation Period. In particular, these Riders permit you to withdraw a minimum annual amount, for as long as a Covered Person lives, subject to the terms and conditions of the Rider. We may have determined the amount of the initial guarantee after we issued your Contract, depending on the age of the Covered Person when we issued the Contract. We may increase the guarantee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by one or more Credits if you make no withdrawals during certain Contract Years, up to limits described in the "Credits" section, above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a result of a Step-Up of the guarantee (see preceding section) to reflect your then-current Contract Value on certain Contract Anniversary dates; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you make an Additional Purchase Payment that we accept under a Financial Account Plan or Payroll Plan (up to specified limits and if not otherwise restricted).

Although these Riders guarantee a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. We reduce your Contract Value and your death benefit each time you take a withdrawal (see "Impact of Death Benefits" in this section, below). We may reduce the Benefit Base and Lifetime Income Amount values if you take Excess Withdrawals. If you experience unfavorable investment performance (and therefore your Contract Value is less than your Benefit Base) and then take withdrawals, your future Lifetime Income Amount could be significantly reduced. *If Contract Value or your Benefit Base declines to zero before the Lifetime Income Date, you will lose the guaranteed minimum withdrawal benefit under the Rider (see "Settlement Phase" in this section, below)*.

We may reduce the Benefit Base and Lifetime Income Amount values if you take Excess Withdrawals. Excess Withdrawals <br> may reduce or eliminate future Lifetime Income Amount values. We reduce your Contract Value and your death benefit <br> each time you take a withdrawal.<br>

**Excess Withdrawals.** We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals for more than the amount guaranteed under the terms of the Rider you selected. Your future Lifetime Income Amount could be significantly reduced if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take withdrawals prior to the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

For the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders, an Excess Withdrawal is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take before the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take on and after the Lifetime Income Date that, together with all other withdrawals taken during a Contract Year (including any applicable withdrawal charges) previously taken during the Contract Year of withdrawal, exceeds the Lifetime Income Amount at the time of withdrawal.

After the Lifetime Income Date, we do not consider withdrawals under our Life Expectancy Distribution Program to result in an Excess Withdrawal unless you take additional withdrawals outside of that program.

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If you experience unfavorable investment performance, an Excess Withdrawal could result in substantial reductions to your Contract Value and Benefit Base. Your future Lifetime Income Amount could be significantly reduced, and if both your Contract Value and Benefit Base decline to zero before the Lifetime Income Date, you will lose your guaranteed minimum withdrawal benefit.

**Withdrawals before the Lifetime Income Date.** Each time you take a withdrawal before the Lifetime Income Date, we generally reduce the Benefit Base on a pro rata basis. This means that we reduce the Benefit Base in the same proportion that your Contract Value is reduced by the Withdrawal Amount. We use a different method if you take a withdrawal under our Life Expectancy Distribution Program.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider that named you as the Covered Person when you were 45. (Since you were under age 58½ at time of purchase, the Lifetime Income Date will not coincide with the Rider's effective date.) Now assume that in the eighth Contract Year, when you were 53, the Contract Value was $80,000, the Benefit Base was $90,000, no withdrawal charges apply under your Contract and you withdrew $5,000 of Contract Value.

In this case, you reduce your Contract Value by 6.25% (i.e., $5,000/$80,000) and we reduce your Benefit Base by the same percentage ($90,000 × 0.0625, or $5,625). The Benefit Base after the Excess Withdrawal is $90,000 – $5,625, or $84,375.

Note: withdrawals may be taxable and if made prior to age 59½ may be subject to a 10% penalty tax (see "IX. Federal Tax Matters").

**Withdrawals after the Lifetime Income Date.** Each time you take a withdrawal after the Lifetime Income Date, we first determine if the Withdrawal Amount is entirely or partially an Excess Withdrawal (i.e., a withdrawal, including any withdrawal charges, that exceeds the Lifetime Income Amount when combined with any other withdrawal(s) for that Contract Year). If so, we reduce the Benefit Base on a pro rata basis. We do this by reducing your Benefit Base in the same proportion that your Contract Value is reduced by the *entire* amount of the withdrawal that resulted in an Excess Withdrawal.

Each time we reduce the Benefit Base, we also reduce the Lifetime Income Amount to equal 5% of the new Benefit Base. We also reduce the Benefit Base and the Lifetime Income Amount for each subsequent Excess Withdrawal that you take during that Contract Year.

EXAMPLE (*Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life (Quarterly Step-Up Review) Rider. Also assume that when you are age 62, the Contract Value is $100,000, the Benefit Base is $110,000, and the Lifetime Income Amount is $5,500. If you withdraw $10,000, we first reduce your Contract Value by 10% ($10,000/$100,000) and since this withdrawal is an Excess Withdrawal, we reduce your Benefit Base by the same percentage ($110,000 × .10 = $11,000). The Benefit Base after the Excess Withdrawal is $99,000 ($110,000 – $11,000) and the Lifetime Income Amount is $4,950 (.05 × $99,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider. Also assume that when the younger Covered Person is age 62, the Contract Value is $100,000 and the Benefit Base is $110,000. For non-New York Contracts, the Benefit Rate is 4.75% and the Lifetime Income Amount is $5,225. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we reduce your Benefit Base by 10% ($10,000/$100,000). The new Benefit Base is $99,000 ($110,000 – 10% × $110,000 = $110,000 – $11,000). The new Lifetime Income Amount is $4,703 (4.75% × $99,000).

New York Contracts, the Benefit Rate is 4.50% and the Lifetime Income Amount would be $4,950. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we reduce your Benefit Base by 10% ($10,000/$100,000). The new Benefit Base is $99,000 ($110,000 – 10% × $110,000 = $110,000 – $11,000). The new Lifetime Income Amount is $4,455 (4.50% × $99,000).

The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders enter a Settlement Phase in any Contract Year that your Contract Value declines to zero if your Benefit Base is greater than zero at that time and you have taken no Excess Withdrawals during that Contract Year. In the event of an Excess Withdrawal, you will lose the guaranteed minimum withdrawal benefit under the Rider, and the Rider will not enter the Settlement Phase, if Contract Value declines to zero during the Contract Year of the Excess Withdrawal (see "Settlement Phase" in this section, below). The Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) benefit terminates if both the Contract Value and Benefit Base immediately after a withdrawal are equal to zero.

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**Pre-Authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider, you can pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. We offer our Income Made Easy Program for Contracts with the Rider to provide payment of an income for the lifetime of the Covered Person. The full allowable amount is based on the Lifetime Income Amount. You can start taking withdrawals under the Income Made Easy Program no sooner than the Lifetime Income Date for your Rider (see "Pre-Authorized Withdrawals – The Income Made Easy Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** The Life Expectancy Distribution program is available with the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

Each withdrawal under our Life Expectancy Distribution program reduces your Contract Value. We reduce the Benefit Base by the amount of the withdrawal if you take a withdrawal under our Life Expectancy Distribution program prior to the Lifetime Income Date. We do not reduce your Benefit Base or Lifetime Income Amount if a withdrawal under the Life Expectancy Distribution program on or after the Lifetime Income Date (for an amount we calculate based on our current understanding and interpretation of federal tax law) causes total withdrawals during a Contract Year to exceed the Lifetime Income Amount and all withdrawals during that year were under our Life Expectancy Distribution program.

**Settlement Phase.** We automatically begin making payments to you under the "Settlement Phase" of a an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider if your Contract Value reduces below a minimum required amount and you satisfy the conditions described in the Rider. During the Settlement Phase, the Contract continues but all other rights and benefits under the Contract, including death benefits and any optional benefit Riders, terminate. We do not accept Additional Purchase Payments for, apply additional Credits or make any Step-Ups to, or deduct any charges from a Rider during the Settlement Phase. You cannot annuitize once the Settlement Phase begins.

The Settlement Phase under the Rider begins if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value reduces to zero at any time during a Contract Year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• there were no Excess Withdrawals during that Contract Year; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base is still greater than zero at the time.

There is no Settlement Phase under an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider if you take any withdrawal before the earliest available Lifetime Income Date and the Contract Value declines to zero during the Contract Year of the withdrawal.

The settlement amount we pay to you under the Rider varies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase after the Lifetime Income Date, at the start of the Settlement Phase we will pay an initial settlement amount equal to the remaining Lifetime Income Amount for that Contract Year, and make additional annual payments of the Lifetime Income Amount as long as the Covered Person is living.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase before the Lifetime Income Date, we will begin making annual settlement payments following the Lifetime Income Date as long as the Covered Person is living. In this case, the annual amount will equal the Lifetime Income Amount (i.e., 5% of the Benefit Base at the Lifetime Income Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In lieu of annual payments of the settlement amount, we will permit you to elect monthly, quarterly or semi-annual installment payments of the Lifetime Income Amount.

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*Impact of Death Benefits* 

**Income Plus For Life**<sup>®</sup> **(Quarterly Step-Up Review).** If the Beneficiary does not take the death benefit as a lump sum, the following applies:

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| | | |
|:---|:---|:---|
| **If the Deceased**<br> **Owner is:** | **If the Deceased**<br> **Owner is:** | &nbsp;&nbsp; **Then**<br> **INCOME PLUS FOR LIFE**<sup>®</sup> **(Quarterly Step-Up Review):** |
| 1. | Not the Covered Person | &nbsp;&nbsp; may continue if the Beneficiary elects to continue the Contract within the time <br> we permit under our administrative rules. We automatically increase the Benefit <br> Base to equal the initial death benefit we determine, if the death benefit is <br> greater than the Benefit Base prior to our determination. We also recalculate the <br> Lifetime Income Amount to equal 5% of the recalculated Benefit Base and <br> assess the Rider fee based on the recalculated Benefit Base.<br>|
| 1. | Not the Covered Person | &nbsp;&nbsp; enters its Settlement Phase if a subsequent withdrawal would deplete the <br> Contract Value to zero, and the remaining Lifetime Income Amount for the year <br> of withdrawal is still greater than zero.<br>|
| 1. | Not the Covered Person | &nbsp;&nbsp; continues to be eligible for any remaining Credit amounts and Step-Ups, and a <br> Target Amount adjustment, but we change the date we determine and apply these <br> benefits to future anniversaries of the date we determine the initial death benefit. <br> We permit the Beneficiary to opt out of an increase in the Benefit Base, if any, to <br> reflect the initial death benefit and any future Step-Ups if we increase the rate of <br> the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) fee at that time.<br>|
| 2. | The Covered Person | ends without any further benefit. |

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If the Beneficiary does not take the death benefit as a lump sum under the terms of the Contract and Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) continues, we will determine the Adjusted Benefit Base and the Rider fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death benefits during the Settlement Phase.* If you die during the Settlement Phase, the only death benefits we provide are the remaining settlement payments that may become due under the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Rider. If the Covered Person dies during the Settlement Phase, we reduce the Lifetime Income Amount to zero and make no further payments. If the Beneficiary is an individual, the Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. Otherwise, the entire interest must be distributed within five years of the Owner's death.

**Income Plus For Life – Joint Life**<sup>®</sup> **(Quarterly Step-Up Review).** If the Beneficiary continues a Contract in force following the death of an Owner, coverage under an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider ends if the deceased Owner is the last Covered Person under the Rider. If the Beneficiary continues a Contract in force following the death of an Owner, coverage under the Rider may continue only if: (a) the deceased Owner is the first Covered Person under the Rider to die; and either (b) the surviving Covered Person is a Spousal Beneficiary or (c) the surviving Covered Person is a Spouse of the deceased Owner and a tax-qualified retirement plan is the non-Spousal Beneficiary. If the death benefit is greater than the Contract Value, we will increase the Contract Value to equal the amount of the death benefit (but will not increase the Benefit Base, Lifetime Income Amount, Credits or Step-Ups).

If the Rider continues, we will determine the Adjusted Benefit Base and the Rider fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death of First Covered Person.* If the first Covered Person to die is an Owner of the Contract (or deemed to be an Owner if the Owner is a non-natural person), the surviving Covered Person may elect to continue the Contract in effect in lieu of receiving the Contract's death benefit as a lump sum under our current administrative procedures, subject to the distribution options listed in the Contract. (See "Death after Removal of a Covered Person" below if there is no surviving Covered Person.) If the Contract continues, the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider will continue. We will continue to provide the Lifetime Income Amount guarantee only for the lifetime of the surviving Covered Person and continue to charge the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider fee (see "Rider Fees – Fee for Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Riders" earlier in this Appendix). If the death benefit is greater than the Contract Value, we will increase the *Contract Value* to equal the amount of the death benefit (but will not make any

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adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups). We will treat any distribution of death benefits under a Contract as a "withdrawal" for purposes of subsequent calculations of the Benefit Base and the Lifetime Income Amount.

If the first Covered Person to die is not the Owner (and is not deemed to be an Owner if the Owner is a non-natural person), no death benefit is payable under the Contract. The Rider will continue in effect and we will base the duration of the Lifetime Income Amount only on the lifetime of the surviving Covered Person. We will continue to charge the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider fee; however, we will make no adjustments to the Contract Value or make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups.

**We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs from the amount and duration in effect before the death of the first Covered Person.** 

*Death of Last Covered Person.* If the surviving Covered Person dies while the Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider is in effect we will reduce the Lifetime Income Amount to zero and we no make no additional payments under the Rider to the Beneficiary.

*Death after Removal of a Covered Person.* In certain instances, a person initially designated as a Covered Person may be removed as a Covered Person from the Rider (see "Covered Person" in the definitions above). If that happens and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *removed* Covered Person subsequently dies, there will be no impact on the guarantees provided by the Rider in most cases; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *remaining* Covered Person subsequently dies, we will consider that Covered Person to be the "last" Covered Person and the Rider will terminate.

*Death Benefits during the Settlement Phase.* If death occurs during an Income Plus For Life – Joint Life<sup>®</sup> (Quarterly Step-Up Review) Rider's Settlement Phase, the only death benefit we provide is the remaining settlement payments that may become due under that Rider. If the death of the first Covered Person occurs while the Rider is in its Settlement Phase, no additional death benefit is payable under the Contract and, in most instances, we will continue to make settlement payments in the same manner as before the death. If the death occurs before the Lifetime Income Date, we will compute a Lifetime Income Amount during the Settlement Phase on the Lifetime Income Date. Settlement payments will equal the Lifetime Income Amount. **We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs from the amount and duration in effect before the death of the first Covered Person.** 

*Termination of Rider* 

You may not terminate an Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider once it is in effect. However, the Income Plus For Life<sup>®</sup> (Quarterly Step-Up Review) Series Rider terminates automatically upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a death benefit is payable and the Beneficiary takes the death benefit as a lump sum under the terms of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date an Annuity Option begins;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Contract Value and the Benefit Base both equal zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *(Quarterly Step-Up Review)*) the death or removal of the Covered Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *(Quarterly Step-Up Review)*) the death or removal of the last Covered Person remaining under the Rider;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a new GMWB Rider becomes effective under any Rider exchange program that we may make available; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of the Contract.

**Features of Income Plus For Life**<sup>®</sup> **(Annual Step-Up Review) Series Riders** 

Income Plus For Life<sup>®</sup> (Annual Step-Up Review) has previously been referred to as "Income Plus For Life<sup>®</sup>."

*Form of Guaranteed Amounts* 

Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders provide a lifetime income guarantee based on a single life *(Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review))* or on the lifetime duration of two Covered Persons *(Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review))*.

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*IPFL (Annual Step-Up Review) Benefits* 

**Lifetime Income Amount.** The Rider provides our guarantee that a Lifetime Income Amount will be available for withdrawal each Contract Year, beginning on a Lifetime Income Date as long as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review)*) the Covered Person remains alive and is designated as an Owner, Beneficiary or Annuitant of the Contract, subject to the terms and conditions of the Rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review)*) at least one Covered Person remains alive and qualified as a Covered Person and is designated as an Owner, Beneficiary or Annuitant of the Contract, subject to the terms and conditions of the Rider.

We determine the initial Lifetime Income Amount by multiplying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Rate for the Rider (5% for Income Plus For Life<sup>®</sup> (Annual Step-Up Review), 4.75% for Income Plus For Life – Joint Life (Annual Step-Up Review); by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base for the Rider on the Lifetime Income Date.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 5%, the Lifetime Income Amount is $5,000 (5% × $100,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the Benefit Rate is 4.75%, the Lifetime Income Amount is $4,750 (4.75% × $100,000).

We may reduce the Lifetime Income Amount to reflect withdrawals and Resets, and we may increase the Lifetime Income Amount to reflect Additional Purchase Payments, Credits, a Target Amount adjustment and Step-Ups as provided in the Rider.

**Lifetime Income Date.** The Lifetime Income Date is the date you purchased the Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review)*) you were age 59½ or older at the time (age 61 or older for Riders issued in New York); otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date you turn age 59½ (age 61 in New York).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review)*) both you and your Spouse were age 59½ or older at the time; otherwise, the Lifetime Income Date in most cases is the Contract Anniversary on, or immediately following, the date the younger Spouse would turn age 59½. (The Lifetime Income Date does not change if the younger Spouse does not survive to this date and the older Spouse is still a Covered Person under the Rider.)

Benefits under the Rider may be affected if you purchased the Rider before the earliest available Lifetime Income Date and take a withdrawal before then. Please see "Withdrawals before the Lifetime Income Date" for more information.

We determine the initial Lifetime Income Amount on the Lifetime Income Date. You cannot change or defer the Lifetime Income Date under the Rider, but you may continue to be eligible for Credits and Step-Ups if you defer taking withdrawals (see "Increases in Guaranteed Amounts" below).

*Benefit Base* 

We use a Benefit Base to determine the Lifetime Income Amount. The maximum Benefit Base at any time is $5 million. The initial Benefit Base is equal to your initial Purchase Payment (up to $5 million). If we allowed you to purchase the Rider after the first Contract Year, we may have determined the initial Benefit Base based on your Contract Value after the first Contract Year.

We reduce the Benefit Base if you take Excess Withdrawals. We may reduce the Benefit Base to reflect these withdrawals either on a dollar-for-dollar basis or on a pro-rata basis, depending on the nature of the withdrawal. During periods of declining investment performance, Excess Withdrawals could result in substantial reductions to your Benefit Base. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

We increase the Benefit Base to reflect Additional Purchase Payments, Credits and Step-Ups. Please see "Increases in Guaranteed Amounts" in this section, below, for more information.

*Benefit Rate* 

We use the following Benefit Rates to determine the Lifetime Income Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review) –* 5%

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review) –* 4.75%

Because we provide our guarantee over the lifetimes of two Covered Persons under an Income Plus For Life – Joint Life (Annual Step-Up Review) Rider, we use a lower Benefit Rate than we do under an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider. We will use the Benefit Rate applicable to the age of the Covered Person (youngest Covered Person under *IPFL – Joint Life (Annual Step- Up Review)*) on the first withdrawal after the Lifetime Income Date to calculate the initial Lifetime Income Amount.

*Increases in Guaranteed Amounts* 

**Additional Purchase Payments.** Our restrictions on Additional Purchase Payments may prevent you from increasing the amounts we guarantee under an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Rider.

Prior to the Lifetime Income Date, we will increase the Benefit Base each time you make an Additional Purchase Payment that we accept (see "Restrictions on Additional Purchase Payments," above), subject to the maximum Benefit Base limit of $5 million.

On and after the Lifetime Income Date, we may increase the Benefit Base each time you make an Additional Purchase Payment, up to a maximum Benefit Base of $5 million. The new Benefit Base will be the Benefit Base immediately before the Additional Purchase Payment, plus the excess, if any, of the Additional Purchase Payment (subject to our Purchase Payment limits) over any Withdrawal Amount (reduced by any subsequent Purchase Payment) since the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Date or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the latest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a Purchase Payment that we applied to the Benefit Base,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date of a reduction in the Benefit Base, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the effective date of a Step-Up.

**Credits.** The Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider provides the following Credit features:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annual Credit Rate:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 7% for Riders purchased on or after January 17, 2008 and outside of New York;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 6% for Riders purchased before January 17, 2008 or in New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Period (for Annual Credits) – The initial Credit Period coincides with the first 10 Contract Years while the Rider is in effect. We will extend the Credit Period for Annual Credits each time a Step-Up occurs to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ten Year Credit Rate – See "Ten Year Credit" for a description of the rate we use to calculate a Ten Year Credit. Ten Year Credit Period – The Credit Period for the Ten Year Credit ends on a "Target Date" that coincides with the 10th Contract Anniversary after the effective date of the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider

*Annual Credits.* (We refer to an Annual Credit in your Rider as a "Bonus" and we may refer to Annual Credits as "Deferral Credits" in our communications.) We increase the Benefit Base on each Contract Anniversary during the Credit Period for Annual Credits if you take no withdrawals during the previous Contract Year.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider when you, the Covered Person, are 61, you take no withdrawals during the first and second Contract Year and the applicable Annual Credit rate is 7% (i.e., your Rider was purchased on or after January 17, 2008 outside of New York). Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we apply an Annual Credit to the Benefit Base and increase it to $107,000 ($100,000 + 7% × $100,000). The Lifetime Income Amount increases to $5,350 (5% × $107,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we apply an Annual Credit to the Benefit Base and increase it again to $114,000 ($107,000 + 7% × $100,000). The Lifetime Income Amount increases to $5,700 (5% × $114,000).

Now assume you take an Excess Withdrawal of $10,000 during the third Contract Year that reduces the Benefit Base to $100,000, and you take no withdrawal and make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you took a withdrawal during the year.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply an Annual Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (7% × ($100,000 + $5,000) = $7,350). The Benefit Base increases to $112,350 ($100,000 + $5,000 + $7,350) and the Lifetime Income Amount increases to $5,618 (5% × $112,350).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider when the younger Covered Person is age 61, you take no withdrawals during the first and second Contract Year and the applicable Annual Credit rate is 6% (i.e., your Rider was purchased before January 17, 2008). Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we apply an Annual Credit to the Benefit Base and increase it to $106,000 ($100,000 + 6% × $100,000). The Lifetime Income Amount increases to $5,035 (4.75% × $106,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we apply an Annual Credit to the Benefit Base and increase it again to $112,000 ($106,000 + 6% × $100,000). The Lifetime Income Amount increases to $5,320 (4.75% × $112,000).

Now assume you take an Excess Withdrawal of $10,000 during the third Contract Year that reduces the Benefit Base to $100,000, and you take no withdrawal and make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you took a withdrawal during the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply an Annual Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (6% × ($100,000 + $5,000) = $6,300). The Benefit Base increases to $111,300 ($100,000 + $5,000 + $6,300) and the Lifetime Income Amount increases to $5,287 (4.75% × $111,300).

*Ten Year Credit.* (We may refer to the Ten Year Credit as a "Target Amount adjustment" in your Rider and in our communications.) If you take no withdrawals under your Contract from the effective date of the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider until the end of the Ten Year Credit Period, we make a calculation at that time and, to the extent necessary, apply a Credit so that the Benefit Base equals the *greater* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the current Benefit Base, as increased by any Annual Credit or Step-Up for the Contract Year ending on the Target Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Target Amount (see below).

*The "Ten Year Credit Period" will exceed ten Contract Years if you purchased this Rider before a Covered Person turned age 59.* 

The Target Amount is 200% of all Purchase Payments made in the first Contract Year plus 100% of all Additional Purchase Payments you make prior to the Target Date (subject to our Purchase Payment limits). In no event, however, will we set a Target Amount in excess of $5 million.

We reduce the Target Amount to zero if you take any withdrawals under your Contract from the effective date of the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider until the end of the Ten Year Credit Period. We increase the Target Amount to reflect Additional Purchase Payments during that period and, in some cases, we also increase the Target Amount to reflect favorable investment performance.

The Ten Year Credit can provide higher lifetime income than you would otherwise receive under this Rider, as long as you <br> wait until the end of the Target Date to take your first withdrawal.<br>

**Step-Ups.** The Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders provide Step-Ups. We discuss how the Step-Up works below. The Step-Up compares your Contract Value on a Step-Up Date to certain previously calculated guaranteed amounts. Step-Up Dates coincide with the first Contract Anniversary after you purchased the Rider and every Contract Anniversary thereafter, up to and including the Age 95 Contract Anniversary. You will no longer be eligible for Step-Ups, however, if you decline a scheduled increase in the Rider fee rate (see "Rider Fees" earlier in this Appendix).

*How Step-Ups Work.* We schedule Step-Up Dates starting on the first Contract Anniversary following your purchase of the Rider and on each Contract Anniversary after that, up to and including the Age 95 Contract Anniversary.

On each Step-Up Date, we compare the Benefit Base (including any applicable Annual Credit) to the Contract Value on that date. If the Contract Value on any Step-Up Date is greater than the Benefit Base (including any Annual Credit) on that date,

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we will automatically step up the Benefit Base to equal the Contract Value (subject to the maximum Benefit Base limit of $5 million). We will also increase the Lifetime Income Amount (after the Lifetime Income Date) and the Rider fee (see "Rider Fees" earlier in this Appendix). The new Lifetime Income Amount will equal 5% of the Benefit Base value after the Step-Up, and the Rider fee will be based on the increased Benefit Base. We also reserve the right to increase the *rate* of the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) fee up to a maximum rate of 1.20%. If we decide to increase the rate at the time of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the automatic Step-Up (see "Fee for Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders" earlier in this Appendix). If you decline the Step-Up, the fee rate will not be increased. We schedule the Step-Up Dates starting with the first Contract Anniversary and on each Contract Anniversary after that, up to and including the Age 95 Contract Anniversary.

*Impact of Step-Ups on Credit Period.* Each time a Step-Up occurs, we will extend the Annual Credit Period to the lesser of 10 years from the Step-Up Date or the Age 95 Contract Anniversary.

*Declination of Step-Ups.* If you decline an automatic Step-Up, you will have the option to elect to step up the Benefit Base (as well as Lifetime Income Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base, we will thereafter resume automatic Step-Ups.

EXAMPLE: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider when you, the Covered Person, are 61, you take no withdrawals during the first three Contract Years and the applicable Annual Credit rate is 7% (i.e., purchased after January 17, 2008 outside of New York). Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and the Contract Value on the third Contract Anniversary is $125,000. The Benefit Base on the third Contract Anniversary including the Annual Credits for the first three Contract Years is $121,000. Since the Contract Value of $125,000 is greater than the current Benefit Base including the Credit, the Benefit Base increases to $125,000 and the Lifetime Income Amount increases to $6,250 (5% × $125,000). If no withdrawals are taken in the fourth Contract Year, the Annual Credit on the fourth Contract Anniversary equals $8,750 (7% × $125,000).

In no event, however, will we increase the Benefit Base to exceed $5 million. If we increase the Benefit Base on any Step-Up Date (after the Lifetime Income Date), we also increase the Lifetime Income Amount. The new Lifetime Income Amount equals the Benefit Rate multiplied by the new Benefit Base value after the Step-Up.

Step-Ups may occur only while the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Rider is in effect.<br>

*Withdrawals, Distributions and Settlements* 

**Overview.** The Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders provide a guaranteed minimum withdrawal benefit during the Accumulation Period. In particular, these Riders permit you to withdraw a minimum annual amount, for as long as a Covered Person lives, subject to the terms and conditions of the Rider. We may have determined the amount of the initial guarantee after we issued your Contract, depending on the age of the Covered Person when we issued the Contract. We may increase the guarantee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by one or more Credits if you make no withdrawals during certain Contract Years, up to limits described in the "Credits" section, above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a result of a Step-Up of the guarantee (see preceding section) to reflect your then-current Contract Value on certain Contract Anniversary dates; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you make an Additional Purchase Payment that we accept under a Financial Account Plan (up to specified limits and if not otherwise restricted).

Although these Riders guarantee a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. We reduce your Contract Value and your death benefit each time you take a withdrawal (see "Impact of Death Benefits" in this section, below). We may reduce the Benefit Base and Lifetime Income Amount values if you take Excess Withdrawals. If you experience unfavorable investment performance (and therefore your Contract Value is less than your Benefit Base) and then take withdrawals, your future Lifetime Income Amount could be significantly reduced. *If Contract Value or your Benefit Base declines to zero before the Lifetime Income Date, you will lose the guaranteed minimum withdrawal benefit under the Rider (see "Settlement Phase" in this section, below)*.

We will reduce the death benefit on a dollar-for-dollar basis for any withdrawals you make after the Lifetime Income Date until the total amount of withdrawals during a Contract Year equals the Lifetime Income Amount. Once a withdrawal exceeds the Lifetime Income Amount, we will reduce the death benefit on a pro rata basis by the entire amount of that withdrawal.

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EXAMPLE: If you take a withdrawal of $8,000 when your Contract Value is $80,000 and your Guaranteed Minimum Death Benefit is $100,000, and your Lifetime Income Amount is $5,000, we reduce your Guaranteed Minimum Death Benefit on a pro rata basis for the amount of the Excess Withdrawal. That means we reduce the Contract Value to $72,000 and the Guaranteed Minimum Death Benefit by 10% ($8,000/$80,000), to $90,000 ($100,000 – 10% × $100,000).

We reduce your Contract Value each time you take a withdrawal. We may reduce the Benefit Base and Lifetime Income <br> Amount values if you take Excess Withdrawals. Excess Withdrawals may reduce or eliminate future Lifetime Income <br> Amount values.<br>

**Excess Withdrawals.** We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals for more than the amount guaranteed under the terms of the Rider you selected. Your future Lifetime Income Amount could be significantly reduced if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take withdrawals prior to the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

For the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders, an Excess Withdrawal is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any withdrawal (including applicable withdrawal charges) you take before the Lifetime Income Date that, together with all other withdrawals during a Contract Year (including any applicable withdrawal charges) previously taken during the Contract Year of withdrawal, exceeds the Benefit Rate of the Rider (see "Benefit Rate" above) at the prior Contract Anniversary, increased for any Additional Purchase Payments; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a withdrawal (including applicable withdrawal charges) you take on and after the Lifetime Income Date that, together with all other withdrawals taken during a Contract Year (including any applicable withdrawal charges) previously taken during the Contract Year of withdrawal, exceeds the Lifetime Income Amount at the time of withdrawal.

EXAMPLE *(Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider. Also assume that when you are age 67, the Contract Value is $90,000, the Benefit Base is $110,000, the Lifetime Income Amount is $5,500 and the Benefit Rate is 5%. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we first reduce your Benefit Base to $80,000, the lesser of the Contract Value after the withdrawal ($90,000 – $10,000) or the Benefit Base after the withdrawal ($110,000 – $10,000). The new Lifetime Income Amount is $4,000 – 5% of the new Benefit Base after the withdrawal ($80,000).

EXAMPLE *(Income Plus For Life – Joint Life*<sup>®</sup> *(Annual Step-Up Review))*: Assume that you purchase a Contract with an Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider. Also assume that when you are age 67, the Contract Value is $90,000 and the Benefit Base is $110,000. The Benefit Rate is 4.75% and the Lifetime Income Amount is $5,225. If you withdraw $10,000, the withdrawal is an Excess Withdrawal and we reduce your Benefit Base to $80,000, the lesser of the Contract Value after the withdrawal ($90,000 – $10,000) or the Benefit Base after the withdrawal ($110,000 – $10,000). The new Lifetime Income Amount is $3,800 – 4.75% of the new Benefit Base after the withdrawal ($80,000).

We do not consider withdrawals under our Life Expectancy Distribution program to result in an Excess Withdrawal unless you take additional withdrawals outside of that program.

If you experience unfavorable investment performance, an Excess Withdrawal could result in substantial reductions to your Contract Value and Benefit Base. Your future Lifetime Income Amount could be significantly reduced, and if both your Contract Value and Benefit Base decline to zero before the Lifetime Income Date, you will lose your guaranteed minimum withdrawal benefit.

**Withdrawals before the Lifetime Income Date.** Each time you take a withdrawal before the Lifetime Income Date, we reduce the Benefit Base by the Withdrawal Amount. If, however, a withdrawal is an Excess Withdrawal, we will reset the Benefit Base to equal the *lesser* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value immediately after the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base minus the Withdrawal Amount.

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If you take withdrawals prior to the Lifetime Income Date, we reduce the Benefit Base we use to determine the guaranteed <br> Lifetime Income Amount on the Lifetime Income Date. You could eventually lose any benefit based on the Lifetime Income <br> Amount if you take withdrawals in excess of an amount equal to the Benefit Rate multiplied by the Benefit Base. *If* <br> *Contract Value declines to zero during a Contract Year in which you have an Excess Withdrawal, you will lose the* <br> *guaranteed minimum withdrawal benefit under the Income Plus For Life*<sup>®</sup> *(Annual Step-Up Review) Rider. (See "Settlement* <br> *Phase" in this section, below.)*<br>

**Withdrawals after the Lifetime Income Date.** After the Lifetime Income Date, you may withdraw the guaranteed Lifetime Income Amount each Contract Year without affecting the Benefit Base. If your total withdrawals during a Contract Year exceed the Lifetime Income Amount, however, we will reset the Benefit Base and the Lifetime Income Amount.

Each time you take a withdrawal after the Lifetime Income Date, we first determine if the Withdrawal Amount is entirely or partially an Excess Withdrawal. If so, we reset the Benefit Base to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base before the withdrawal minus the entire amount of the Excess Withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value immediately after the Excess Withdrawal.

After we reset the Benefit Base, we reset the Lifetime Income Amount to equal the Benefit Rate multiplied by the new Benefit Base. We also reset the Benefit Base and the Lifetime Income Amount for each subsequent Excess Withdrawal that you take during that Contract Year.

The Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider enters a Settlement Phase in any Contract Year that your Contract Value declines to zero if your Benefit Base is greater than zero at that time and you have taken no Excess Withdrawals during that Contract Year. *In the event of an Excess Withdrawal, you will lose the guaranteed minimum withdrawal benefit under the Income Plus For Life (Annual Step-Up Review) Rider if Contract Value declines to zero during the Contract Year of the Excess Withdrawal (see "Settlement Phase" in this section, below)*. The Income Plus For Life<sup>®</sup> (Annual Step-Up Review) benefit terminates if the Contract Value and Benefit Base immediately after a withdrawal are all equal to zero.

**Effect of Withdrawals on Guaranteed Minimum Death Benefit Amount.** If you purchased Income Plus For Life (Annual Step-Up Review), we adjust the way we calculate the death benefit payable under your Contract upon the death of the Owner (or deemed Owner if the Owner is not a natural person) during the Accumulation Period. We reduce that death benefit each time you take a withdrawal. We will reduce the death benefit on a dollar for dollar basis if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you limit your withdrawals (including applicable withdrawal charges) during a Contract Year to the Lifetime Income Amount; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you purchased the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider before the Covered Person turned age 59½, and you limit your withdrawals (including applicable withdrawal charges) each Contract Year before the Lifetime Income Date to the Benefit Rate multiplied by the Benefit Base and to the Lifetime Income Amount for each Contract Year after that.

If you take an Excess Withdrawal, we will deduct the entire amount of that withdrawal (including any withdrawal charges) on a pro rata basis from the Guaranteed Minimum Death Benefit under the Contract. Pro rata means we reduce the Guaranteed Minimum Death Benefit by the same percentage that the Excess Withdrawal reduces the Contract Value. That is, by an amount equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Minimum Death Benefit before the withdrawal, multiplied by an amount equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Excess Withdrawal amount; divided by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value before the withdrawal.

We also will reduce the Guaranteed Minimum Death Benefit in the same manner for any subsequent Excess Withdrawals that you take during that Contract Year.

**Pre-Authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Rider, you can pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. We offer our Income Made Easy Program for Contracts with the Rider to provide payment of an income for the lifetime of the Covered Person. The full allowable amount is based on the Lifetime Income Amount. You can start taking

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withdrawals under the Income Made Easy Program no sooner than the Lifetime Income Date for your Rider (see "Pre-Authorized Withdrawals – The Income Made Easy Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** The Life Expectancy Distribution program is available with the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

Each withdrawal under our Life Expectancy Distribution program reduces your Contract Value. We reduce the Benefit Base by the amount of the withdrawal if you take a withdrawal under our Life Expectancy Distribution program prior to the Lifetime Income Date. We do not reduce your Benefit Base or Lifetime Income Amount if a withdrawal under the Life Expectancy Distribution program on or after the Lifetime Income Date (for an amount we calculate based on our current understanding and interpretation of federal tax law) causes total withdrawals during a Contract Year to exceed the Lifetime Income Amount and all withdrawals during that year were under our Life Expectancy Distribution program.

**Settlement Phase.** We automatically begin making payments to you under the "Settlement Phase" of a an Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Rider if your Contract Value reduces below a minimum required amount and you satisfy the conditions described in the Rider. During the Settlement Phase, the Contract continues but all other rights and benefits under the Contract, including death benefits and any optional benefit Riders, terminate. We will not accept Additional Purchase Payments for, apply additional Credits or make any Step-Ups to, or deduct any charges from a Rider during the Settlement Phase. You cannot annuitize once the Settlement Phase begins.

The Settlement Phase under the Rider begins if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value reduces to zero at any time during a Contract Year,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• there were no Excess Withdrawals during that Contract Year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base is still greater than zero at the time.

**You will lose the ability to receive Lifetime Income Amounts if you withdraw more than the Lifetime Income Amount during a Contract Year and the Contract Value declines to zero.** 

The settlement payment we pay to you under the Rider varies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase after the Lifetime Income Date, at the start of the Settlement Phase we pay an initial settlement amount equal to the remaining Lifetime Income Amount for that Contract Year, and make additional annual payments of the Lifetime Income Amount as long as the Covered Person is living.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you enter the Settlement Phase before the Lifetime Income Date, we begin making annual settlement payments following the Lifetime Income Date as long as the Covered Person is living. In this case, the annual amount equals the Lifetime Income Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In lieu of annual payments of the settlement amount, we permit you to elect monthly, quarterly or semi-annual installment payments of the Lifetime Income Amount.

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*Impact of Death Benefits* 

**Income Plus For Life (Annual Step-Up Review).** If the Beneficiary does not take the death benefit as a lump sum, the following applies:

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| | | |
|:---|:---|:---|
| **If the Deceased**<br> **Owner is:** | **If the Deceased**<br> **Owner is:** | &nbsp;&nbsp; **Then**<br> **INCOME PLUS FOR LIFE**<sup>®</sup> **(ANNUAL STEP-UP REVIEW):** |
| 1. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is the <br> deceased Owner's Spouse | &nbsp;&nbsp; may continue if the Beneficiary elects to continue the Contract within the time <br> we permit under our administrative rules. We automatically increase the Benefit <br> Base to equal the initial death benefit we determine, if the death benefit is <br> greater than the Benefit Base prior to our determination. We also recalculate the <br> Lifetime Income Amount to equal 5% of the recalculated Benefit Base and <br> assess the Rider fee based on the recalculated Benefit Base.<br>|
| 1. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is the <br> deceased Owner's Spouse | &nbsp;&nbsp; enters its Settlement Phase if a subsequent withdrawal would deplete the <br> Contract Value to zero, and the remaining Lifetime Income Amount for the year <br> of withdrawal is still greater than zero.<br>|
| 1. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is the <br> deceased Owner's Spouse | &nbsp;&nbsp; continues to be eligible for any remaining Credits and Step-Ups, and a Target <br> Amount adjustment, but we change the date we determine and apply these <br> benefits to future anniversaries of the date we determine the initial death benefit. <br> We permit the Spouse to opt out of an increase in the Benefit Base, if any, to <br> reflect the initial death benefit and any future Step-Ups if we increase the rate of <br> the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) fee at that time.<br>|
| 2. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is not the <br> deceased Owner's Spouse | may continue in the same manner as 1. |
| 2. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is not the <br> deceased Owner's Spouse | &nbsp;&nbsp; enters its Settlement Phase if a subsequent withdrawal would deplete the <br> Contract Value to zero, and the remaining Lifetime Income Amount for the year <br> of withdrawal is still greater than zero.<br>|
| 2. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is not the <br> deceased Owner's Spouse | &nbsp;&nbsp; does *not* continue to be eligible for any Credits and Step-Ups, or a Target <br> Amount adjustment. We permit the Beneficiary to opt out of an increase in the <br> Benefit Base, if any, to reflect the initial death benefit if we increase the rate of <br> the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) fee at that time.<br>|
| 3. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is the deceased <br> Owner's Spouse<br>| ends without any further benefit. |
| 4. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is not the <br> deceased Owner's Spouse<br>| ends without any further benefit. |

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*Death benefits during the Settlement Phase.* If you die during the Settlement Phase, the only death benefits we provide are the remaining settlement payments that may become due under the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider. If the Covered Person dies during the Settlement Phase, we reduce the Lifetime Income Amount to zero and make no further payments. If the Beneficiary is an individual, the Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. Otherwise, the entire interest must be distributed within five years of the Owner's death.

**Income Plus For Life – Joint Life**<sup>®</sup> **(Annual Step-Up Review).** If the Beneficiary continues a Contract in force following the death of an Owner, coverage under an Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider ends if the deceased Owner is the last Covered Person under the Rider. If the Beneficiary continues a Contract in force following the death of an Owner, coverage under the Rider may continue only if: (a) the deceased Owner is the *first* Covered Person under the Rider to die; and either (b) the surviving Covered Person is a Spousal Beneficiary or (c) the surviving Covered Person is a Spouse of the deceased Owner and a tax-qualified retirement plan is the non-Spousal Beneficiary. If the death benefit is greater than the Contract Value, we will increase the Contract Value to equal the amount of the death benefit (but will not increase the Benefit Base, Lifetime Income Amount, Credits or Step-Ups).

If the Rider continues, we will determine the Adjusted Benefit Base and the Rider fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

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*Death of First Covered Person.* If the first Covered Person to die is an Owner of the Contract (or deemed to be an Owner if the Owner is a non-natural person), the surviving Covered Person may elect to continue the Contract in effect in lieu of receiving the Contract's death benefit as a lump sum under our current administrative procedures, subject to the distribution options listed in the Contract. (See "Death after Removal of a Covered Person" below if there is no surviving Covered Person.) If the Contract continues, the Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider will continue. We will continue to provide the Lifetime Income Amount guarantee only for the lifetime of the surviving Covered Person and continue to charge the Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider fee (see "Fee for Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Series Riders" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). If the death benefit is greater than the Contract Value, we will increase the *Contract Value* to equal the amount of the death benefit (but will not make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups). We will treat any distribution of death benefits under a Contract as a "withdrawal" for purposes of subsequent calculations of the Benefit Base and the Lifetime Income Amount.

If the first Covered Person to die is not the Owner (and is not deemed to be an Owner if the Owner is a non-natural person), no death benefit is payable under the Contract. The Rider will continue in effect and we will base the duration of the Lifetime Income Amount only on the lifetime of the surviving Covered Person. We will continue to charge the Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider fee; however, we will make no adjustments to the Contract Value or make any adjustments to the Benefit Base, Lifetime Income Amount, Credits or Step-Ups.

**We may limit the ability of the surviving Covered Person to choose a settlement payment amount and duration that differs from the amount and duration in effect before the death of the first Covered Person.** 

*Death of Last Covered Person.* If the surviving Covered Person dies while the Income Plus For Life – Joint Life<sup>®</sup> (Annual Step-Up Review) Rider is in effect we will reduce the Lifetime Income Amount to zero and we no make no additional payments under the Rider to the Beneficiary.

*Death after Removal of a Covered Person*. In certain instances, a person initially designated as a Covered Person may be removed as a Covered Person from the Rider. If that happens and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *removed* Covered Person subsequently dies, there will be no impact on the guarantees provided by the Rider in most cases; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if the *remaining* Covered Person subsequently dies, we will consider that Covered Person to be the "last" Covered Person and the Rider will terminate.

*Termination of Rider* 

You may not terminate the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider once it is in effect. However, the Income Plus For Life<sup>®</sup> (Annual Step-Up Review) Rider terminates automatically upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a death benefit is payable and the Beneficiary takes the death benefit as a lump sum under the terms of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date an Annuity Option begins;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Contract Value and the Benefit Base both equal zero;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the death or removal of the Covered Person; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of the Contract.

**Features of Principal Plus and Principal Plus for Life Series Riders** 

*Forms of Guaranteed Amounts* 

Principal Plus and each of the Principal Plus for Life Series Riders provide a guaranteed minimum withdrawal benefit during the Accumulation Period that guarantees the return of your investments in the Contract, regardless of market performance, as long as you limit your annual withdrawals to the Guaranteed Withdrawal Amount.

In addition, Principal Plus for Life, and Principal Plus for Life Plus Automatic Annual Step-Up Riders provide a lifetime income guarantee based on a single life. Principal Plus does not provide a lifetime income guarantee.

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*Principal Plus and PPFL Benefits* 

**Lifetime Income Amount *(Not applicable to Principal Plus)*.** The Principal Plus for Life Series Riders provide our guarantee that a Lifetime Income Amount will be available for withdrawal each Contract Year, beginning on a Lifetime Income Date as long as the Covered Person remains alive and an Owner, Beneficiary or Annuitant under the Contract an Owner, Beneficiary or Annuitant under the Contract.

We determine the initial Lifetime Income Amount by multiplying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Rate for the Rider (5%); by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base for the Rider on the Lifetime Income Date.

EXAMPLE: Assume that the Benefit Base on the Lifetime Income Date is $100,000. If the benefit rate is 5%, the Lifetime Income Amount is $5,000 (5% × $100,000).

The maximum Lifetime Income Amount at any time for a Principal Plus for Life Series Rider is $250,000. We will increase the Lifetime Income Amount to reflect Additional Purchase Payments, Credits and Step-Ups. Please see "Increases in Guaranteed Amounts" in this section, below, for more information.

We will reduce the Lifetime Income Amount if you take Excess Withdrawals. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

**Lifetime Income Date (Not applicable to Principal Plus).** The Lifetime Income Date is the date you purchased the Rider if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life and Principal Plus for Life Plus Automatic Annual Step-Up Riders* purchased outside of New York after June 16, 2008) you were age 58½ or older at the time; otherwise, the Lifetime Income Date is the Anniversary Date on, or immediately following, the date you turn age 58½.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life and Principal Plus for Life Plus Automatic Annual Step-Up Riders* purchased from March 12, 2007 to June 15, 2008, or purchased in New York) you were age 59½ or older at the time; otherwise, the Lifetime Income Date is the Anniversary Date on, or immediately following, the date you turn age 59½.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life and Principal Plus for Life Plus Automatic Annual Step-Up Riders* purchased before March 12, 2007) you were age 65 or older at the time; otherwise, the Lifetime Income Date is the Anniversary Date on, or immediately following, the date you turn age 65.

Benefits under the Rider may be affected if you purchased the Rider before the earliest available Lifetime Income Date and take a withdrawal before then. Please see "Withdrawals before the Lifetime Income Date" for more information.

We determine the initial Lifetime Income Amount on the Lifetime Income Date. You cannot change or defer the Lifetime Income Date under these Riders, but you may continue to be eligible for Credits and Step-Ups if you defer taking withdrawals (see "Increases in Guaranteed Amounts" below).

*Benefit Base* 

The Riders refer to the Benefit Base as the "Guaranteed Withdrawal Balance."

The maximum Benefit Base at any time is $5 million. We will increase the Benefit Base to reflect Additional Purchase Payments, Credits and Step-Ups. We will reduce the Benefit Base if you take a withdrawal. We may reduce the Benefit Base to reflect the withdrawal either on a dollar-for-dollar basis or on a pro-rata basis, depending on the nature of the withdrawal. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

The Benefit Base we use to determine the initial Guaranteed Withdrawal Amount is equal to your initial Purchase Payment. (We do not count Purchase Payment amounts over $5 million or, for Contracts issued in New York with a Payment Enhancement Rider, any Payment Enhancement attributable to the Purchase Payment for this purpose.) If we allowed you to purchase your Rider after the first Contract Year, we may have determined the Benefit Base by using your Contract Value after the first Contract Year.

The Benefit Base we use to determine the initial Lifetime Income Amount (not applicable to Principal Plus) is equal to the Benefit Base on the Lifetime Income Date.

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*Benefit Rate* 

The Benefit Rate is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Principal Plus –* 5.00%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Principal Plus for Life –* 5.00%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Principal Plus for Life Plus Automatic Annual Step-Up –* 5.00%

*Guaranteed Withdrawal Amount* 

The Guaranteed Withdrawal Amount is the amount we guarantee to be available each Contract Year for you to withdraw during the Accumulation Phase until the Benefit Base is depleted. The initial Guaranteed Withdrawal Amount is equal to 5% of the initial Benefit Base. The maximum Guaranteed Withdrawal Amount at any time is $250,000.

*Increases in Guaranteed Amounts* 

**Additional Purchase Payments – Principal Plus Rider.** Our restrictions on Additional Purchase Payments may prevent you from increasing the amounts we guarantee under a Principal Plus Rider.

We will increase the Benefit Base (i.e., the Guaranteed Withdrawal Balance in your Rider) each time you make an Additional Purchase Payment that we accept (see "Restrictions on Additional Purchase Payments," above), subject to the maximum Benefit Base limit of $5 million. In addition, we recalculate the Guaranteed Withdrawal Amount and usually increase it to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% of the Benefit Base immediately after the Additional Purchase Payment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount immediately prior to the Additional Purchase Payment plus an amount equal to 5% of the Additional Purchase Payment.

We do not change the Guaranteed Withdrawal Amount if the recalculated amount is less than the Guaranteed Withdrawal Amount, before the Additional Purchase Payment.

**Additional Purchase Payments – Principal Plus for Life Series Riders.** We will increase the Benefit Base (i.e., the Guaranteed Withdrawal Balance in your Rider) each time you make an Additional Purchase Payment, up to a maximum Benefit Base of $5 million.

In addition, we will recalculate the Guaranteed Withdrawal Amount and the Lifetime Income Amount and usually increase it:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the case of the Guaranteed Withdrawal Amount, to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% of the Benefit Base immediately after the Additional Purchase Payment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount immediately prior to the Additional Purchase Payment plus an amount equal to 5% of the Additional Purchase Payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• in the case of the Lifetime Income Amount, to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% of the Benefit Base immediately after the Additional Purchase Payment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Amount immediately prior to the Additional Purchase Payment plus an amount equal to 5% of the Purchase Payment.

We do not change the Guaranteed Withdrawal Amount or the Lifetime Income Amount if the recalculated amount is less than the Guaranteed Withdrawal Amount or Lifetime Income Amount, as the case may be, before the Additional Purchase Payment.

**Credits.** The Riders provide the following Credit features:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit Rate – 5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• initial Credit Period

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus*) – the first 5 Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life Series* Riders issued prior to May 1, 2007) - the lesser of: (a) the first 10 Contract Years or (b) each Contract Year up to the Contract Year in which the Covered Person turns age 80.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life Series* Riders issued on and after May 1, 2007) - the first 10 Contract Years.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• extended Credit Period (for Principal Plus for Life Series Riders issued on and after May 1, 2007) – Each time a Step-Up occurs, we extend the Credit Period to the lesser of: (a) 10 years from a Step-Up Date; or (b) the Age 95 Anniversary Date.

*Annual Credits.* (We refer to an Annual Credit in your Rider as a "Bonus" and we may refer to Annual Credits as "Deferral Credits" in our communications.) We increase the Benefit Base on each Contract Anniversary during the Credit Period for Annual Credits if you take no withdrawals during the previous Contract Year.

Each time you qualify for a Credit, we increase the Benefit Base:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by an amount equal to 5% of total Purchase Payments to the Contract if you did not previously Step-Up the Benefit Base and/or we did not previously reduce the Benefit Base (see "Withdrawals, Distributions and Settlements"); otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by an amount equal to 5% of the Benefit Base immediately after the latest Step-Up or reduction, increased by any Purchase Payments received since such latest Step-Up or reduction.

Each time we apply a Credit to the Benefit Base, we also recalculate the Guaranteed Withdrawal Amount. The Guaranteed Withdrawal Amount will equal the greater of the Guaranteed Withdrawal Amount prior to the Credit or 5% of the Benefit Base after the Credit. Under Principal Plus for Life Series Riders, we will also recalculate the Lifetime Income Amount to equal the greater of the Lifetime Income Amount prior to the Credit or 5% of the Benefit Base after the Credit.

EXAMPLE: Assume that you purchase a Contract with a Principal Plus for Life Rider when you, the Covered Person, are 65, you take no withdrawals during the first and second Contract Year. Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and there is no increase in Contract Value during the first and second Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the first Contract Year, we apply a Credit to the Benefit Base and increase it to $105,000 ($100,000 + 5% × $100,000). The Lifetime Income Amount increases to $5,250 (5% × $105,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the second Contract Year, we apply a Credit to the Benefit Base and increase it again to $110,000 ($105,000 + 5% × $100,000). The Lifetime Income Amount increases to $5,500 (5% × $110,000).

Now assume you take an Excess Withdrawal of $10,000 during the third Contract Year that reduces the Benefit Base to $100,000, you take no withdrawals, and you make an Additional Purchase Payment of $5,000 in the fourth Contract Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the third Contract Year, there is no Credit because you took a withdrawal during the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the end of the fourth Contract Year, we apply a Credit to the Benefit Base. The Credit is based on the reduced Benefit Base plus the Additional Purchase Payment (5% × ($100,000 + $5,000) = $5,250). The Benefit Base increases to $110,250 ($100,000 + $5,000 + $5,250) and the Lifetime Income Amount increases to $5,513 (5 × $110,250).

**Step-Ups.** The Principal Plus and Principal Plus For Life Series Riders provide Step-Ups. We discuss how the Step-Up works below. The Step-Up compares your Contract Value on a Step-Up Date to certain previously calculated guaranteed amounts. Step-Up Dates coincide with the first Contract Anniversary after you purchased the Rider and every Contract Anniversary thereafter, up to and including the Age 95 Contract Anniversary. You will no longer be eligible for Step-Ups, however, if you decline a scheduled increase in the Rider fee rate (see "Rider Fees" earlier in this Appendix).

If the Contract Value on any Step-Up Date is greater than the Benefit Base (including any Credit) on that date, we will automatically step up the Benefit Base to equal the Contract Value (subject to the maximum Benefit Base limit of $5 million). Each time we apply a Step-Up, we also recalculate the Guaranteed Withdrawal Amount and the Lifetime Income Amount (with respect to Principal Plus for Life Series Riders), and the applicable Rider fee (see "Rider Fees" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). The recalculated Guaranteed Withdrawal Amount will equal the greater of the Guaranteed Withdrawal Amount prior to the Step-Up or 5% of the Benefit Base after the Step-Up, and the Lifetime Income Amount will equal the greater of the Lifetime Income Amount prior to the Step-Up or 5% of the Benefit Base after the Step-Up. We also reserve the right to increase the *rate* of the Rider fee up to a maximum rate of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus* and Principal Plus for Life) 0.75%, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus* for *Life Plus Automatic Annual Step-Up*) 1.20%.

If we decide to increase the rate at the time of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the automatic Step-Up (see "Rider Fees" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). If you decline the Step-Up, the fee rate will not be increased.

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*Step-Up Dates.* We schedule Step-Up Dates:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus*) - every 3rd Contract Anniversary after the Contract Date (i.e., the 3rd, 6th, 9th etc.), up to and including the 30th Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for Principal Plus for Life Series Riders issued before May 1, 2007 and in a limited number of states thereafter) – the 3rd, 6th and 9th Contract Anniversary after the Contract Date, and *each succeeding* Contract Anniversary on and after the 9th Contract Anniversary (i.e., the 10rd, 11th, 12th etc.), up to and including the 30th Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for Principal Plus for Life Series Riders issued on and after May 1, 2007 (may vary by state)) - the 3rd, 6th and 9th Contract Anniversary after the Contract Date, and *each succeeding* Contract Anniversary on and after the 9th Contract Anniversary (i.e., the 10th, 11th, 12th, etc.) up to and including the Age 95 Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for Riders issued in Oregon) - we limit the duration of Step-Up Dates to a maximum of 50 Contract Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• (for *Principal Plus for Life* Riders with endorsement) - we issued an endorsement, in states where approved, after we issued certain Principal Plus for Life Riders. This endorsement increases Step-Up Dates to include *each succeeding* Contract Anniversary on and after the 9th Contract Anniversary. In such cases, an affected Owner had the option to decline the endorsement within 30 days of its issuance and, if he or she did so, we scheduled Step-Up Dates under the original schedule.

Under Principal Plus for Life *Plus* Automatic Annual Step-Up, prior to May 1, 2007, we automatically step up the Benefit Base to equal the Contract Value on each Contract Anniversary starting with the first Contract Anniversary. We continue Step-Ups until, and including, the 30th Contract Anniversary (or when the Covered Person turns the age of 80, if earlier) while the Rider is in effect, provided the Contract Value is greater than the Benefit Base on that date. On and after May 1, 2007, we continue Step-Up's until age 95.

EXAMPLE: Assume that you purchase a Contract with a Principal Plus for Life *Plus* Automatic Annual Step-Up Rider when you, the Covered Person, are 61, you take no withdrawals during the first three Contract Years and the applicable Annual Credit rate is 5%. Also assume that you purchase the Contract and Rider for $100,000, make no Additional Purchase Payments, and that the Contract Value on the third Contract Anniversary is $125,000. The Benefit Base on the third Contract Anniversary including the Annual Credits for the first three Contract Years is $115,000. Since the Contract Value of $125,000 is greater than the current Benefit Base including the Credit, the Benefit Base increases to $125,000 and the Lifetime Income Amount increases to $6,250 (5% × $125,000). If no withdrawals are taken in the fourth Contract Year, the Credit on the fourth Contract Anniversary equals $6,250 (5% × $125,000).

*Election of Step-Ups under Principal Plus.* Under Principal Plus, you may elect to step up the Benefit Base (and Guaranteed Withdrawal Amount, if applicable) to the recalculated value within 30 days following each Step-Up Date. Subject to state approval, however, we may have issued a special endorsement to a Principal Plus Rider after we issued the Contract. Under this special endorsement to the Principal Plus Rider, we *automatically* increase the Benefit Base (and Guaranteed Withdrawal Amount, if applicable) to equal a higher recalculated value. In such cases, an affected Owner may decline the endorsement within 30 days of its issuance. If so, you then need to elect a Step-Up within 30 days of the respective Step-Up Date if you choose to make the increase effective.

If you decline a scheduled Step-Up, you have the option to elect to step up the Benefit Base (as well as the Guaranteed Withdrawal Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base and the special endorsement to your Principal Plus Rider is in effect, we will thereafter resume automatic Step-Ups on each succeeding Step-Up Date.

*Step-Ups under Principal Plus for Life Series Riders.* We automatically step up the Benefit Base to equal the Contract Value (up to a maximum of $5 million). If you decline an automatic scheduled Step-Up, you have the option to elect to step up the Benefit Base (as well as the Guaranteed Withdrawal Amount and Lifetime Income Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base, we will thereafter resume automatic Step-Ups.

*Recalculation of Guaranteed Amounts.* Each time we apply a Step-Up, we also recalculate the Guaranteed Withdrawal Amount, or Lifetime Income Amount for Principal Plus for Life Series Riders, to equal the greater of either the Guaranteed Withdrawal Amount or Lifetime Income Amount, as appropriate, prior to the Step-Up or 5% of the new Benefit Base value after the Step-Up.

*Impact of Step-Ups on Rider Fees.* Each time we increase the Benefit Base, we also increase the dollar amount of the Rider fee. The new Rider fee will be based on the new Benefit Base. We also reserve the right to increase the rate of the Principal Plus and Principal Plus for Life fee up to a maximum rate of 0.75%; we reserve the right to increase the rate of the Principal

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Plus for Life *Plus* Automatic Annual Step-Up fee up to a maximum rate of 1.20%. If we decide to increase the rate at the effective date of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the automatic Step-Up (see "Rider Fees" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). If you decline the Step-Up, the fee rate will not be increased.

Step-Ups may occur only while the Principal Plus or Principal Plus for Life Series Rider is in effect.<br>

*Withdrawals, Distributions and Settlements* 

**Overview.** The Principal Plus and Principal Plus for Life Series Riders provide a guaranteed minimum withdrawal benefit during the Accumulation Period. In particular, these Riders permit you to withdraw a minimum annual amount, for as long as a Covered Person lives (does not apply to Principal Plus, which permits withdrawals until the Benefit Base is depleted to zero), subject to the terms and conditions of the Rider. We may have determined the amount of the initial guarantee after we issued your Contract, depending on the age of the Covered Person when we issued the Contract. We may increase the guarantee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• by one or more Credits if you make no withdrawals during certain Contract Years, up to limits described in the "Credits" section, above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• as a result of a Step-Up of the guarantee (see preceding section) to reflect your then-current Contract Value on certain Contract Anniversary dates; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• if you make an Additional Purchase Payment that we accept under a Financial Account Plan or Payroll Plan (up to specified limits and if not otherwise restricted).

Although these Riders guarantee a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. We reduce your Contract Value and your death benefit each time you take a withdrawal (see "Impact of Death Benefits" in this section, below). We may reduce the Benefit Base and Lifetime Income Amount values if you take Excess Withdrawals. If you experience unfavorable investment performance (and therefore your Contract Value is less than your Benefit Base) and then take withdrawals, your future Guaranteed Withdrawal Amount and/or Lifetime Income Amount could be significantly reduced. *If Contract Value or your Benefit Base declines to zero before the Lifetime Income Date, you will lose the guaranteed minimum withdrawal benefit under the Rider (see "Settlement Phase" in this section, below)*.

We reduce your Contract Value each time you take a withdrawal. We may reduce the Benefit Base and Lifetime Income <br> Amount values if you take Excess Withdrawals. Excess Withdrawals may reduce or eliminate future Lifetime Income <br> Amount values.<br>

Excess Withdrawals. We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals for more than the amount guaranteed under the terms of the Rider you selected. Your future Lifetime Income Amount could be significantly reduced if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• you take withdrawals prior to the Lifetime Income Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

An Excess Withdrawal under Principal Plus or a Principal Plus for Life Series Rider is a withdrawal (including applicable withdrawal charges) you take that, together with all other withdrawals (including any applicable withdrawal charges) previously taken during the Contract Year of the withdrawal, exceeds the Guaranteed Withdrawal Amount at the time of withdrawal. For Principal Plus for Life Series Riders, an Excess Withdrawal also includes withdrawals (including applicable withdrawal charges) you take: (a) before the Lifetime Income Date; or (b) on or after the Lifetime Income Date that, together with all other withdrawals (including applicable withdrawal charges) taken during a Contract Year, causes total withdrawals during that Contract Year to exceed the Lifetime Income Amount at the time of withdrawal.

We do not consider withdrawals under our Life Expectancy Distribution program to result in Excess Withdrawals with respect to the Guaranteed Withdrawal Amount unless you take additional withdrawals outside of that program. We do not consider withdrawals under our Life Expectancy Distribution program to result in Excess Withdrawals with respect to the Lifetime Income Amount unless: (a) you take additional withdrawals outside of that program; or (b) you take a distribution under that program before the Lifetime Income Date.

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**Impact of Withdrawals.** We decrease the Benefit Base each time you make a withdrawal. If your total withdrawals during a Contract Year are less than or equal to the Guaranteed Withdrawal Amount, we will decrease the Benefit Base by the amount of the withdrawals. If an Excess Withdrawal is the result of your total withdrawals during a Contract Year exceeding the Guaranteed Withdrawal Amount (or if total withdrawals during a Contract Year have already exceeded the Guaranteed Withdrawal Amount), we will automatically recalculate and, in most cases reduce, the Benefit Base to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value immediately after the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base immediately prior to the withdrawal minus the amount of the withdrawal.

Each time we recalculate the Benefit Base, we also recalculate, and in most cases reduce, the Guaranteed Withdrawal Amount. The Guaranteed Withdrawal Amount will equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount prior to the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% of the greater of: (a) the Contract Value after the withdrawal or (b) the new Benefit Base value.

We do not change your Guaranteed Withdrawal Amount when you make a withdrawal if your total withdrawals during a Contract Year are less than or equal to the Guaranteed Withdrawal Amount. If your withdrawals are less than the full Guaranteed Withdrawal Amount available in any Contract Year, the remaining Guaranteed Withdrawal Amount cannot be carried forward to the next Contract Year.

If you experience unfavorable investment performance, an Excess Withdrawal could result in substantial reductions to your Contract Value and Benefit Base. Your future Guaranteed Withdrawal Amount and/or Lifetime Income Amount could be significantly reduced, and if both your Contract Value and Benefit Base decline to zero before the Lifetime Income Date, you will lose your guaranteed minimum withdrawal benefit.

**Withdrawals before the Lifetime Income Date** *(not applicable to Principal Plus)*. Under Principal Plus for Life Series Riders, we deem any withdrawal before the Lifetime Income Date to be entirely or partially an Excess Withdrawal with respect to the Lifetime Income Amount because it reduces the Benefit Base we use on the Lifetime Income Date to determine the Lifetime Income Amount. This includes reductions to the Benefit Base caused by distributions under our Life Expectancy Distribution Program before the Lifetime Income Date.

**Withdrawals on and after the Lifetime Income Date** *(not applicable to Principal Plus)*. Under Principal Plus for Life Series Riders, we recalculate the Lifetime Income Amount after the Lifetime Income Date if an Excess Withdrawal is the result of total withdrawals during a Contract Year exceeding the Lifetime Income Amount (or if total withdrawals during a Contract Year have already exceeded the Lifetime Income Amount). In that case, the Lifetime Income Amount equals the *lesser* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Lifetime Income Amount prior to the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% of the greater of the Contract Value immediately after the withdrawal or the new Benefit Base value.

Under Principal Plus for Life Series Riders, we do not change your Lifetime Income Amount when you make a withdrawal if your total withdrawals during a Contract Year are less than or equal to the Lifetime Income Amount. *Although you may continue to take withdrawals up to the Guaranteed Withdrawal Amount after the Lifetime Income Date without reduction of the Guaranteed Withdrawal Amount benefit (as long as there is a positive Benefit Base value), your Lifetime Income Amount benefit may be reduced if the amount you withdraw exceeds the Lifetime Income Amount. You could eventually lose any benefit based on the Lifetime Income Amount if you continue to take withdrawals in excess of the Lifetime Income Amount.* 

If your annual withdrawals exceed the Guaranteed Withdrawal Amount, we recalculate amounts we guarantee for future <br> withdrawals. We may recalculate and reduce the Benefit Base, Guaranteed Withdrawal Amount and, Lifetime Income <br> Amount (under *Principal Plus for Life Series Riders*) values to reflect reductions that exceed the amount of your <br> withdrawals. A recalculation and reduction also may reduce the total amount guaranteed below the total of your Purchase <br> Payments and may reduce or eliminate future Guaranteed Withdrawal Amount and (under *Principal Plus for Life Series* <br> *Riders*) Lifetime Income Amount values. Withdrawals in excess of the Lifetime Income Amount may reduce or eliminate <br> future Lifetime Income Amount values.<br>

**Pre-Authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with a Principal Plus or Principal Plus for Life Series Rider, you may be able to pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. We offer our Income Made Easy Program for Contracts with a Principal Plus for Life and Principal Plus for Life *Plus* Automatic Annual Step-Up Rider to provide automatic payment of an income for the lifetime of the Covered

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Person. The full allowable amount is based on the Lifetime Income Amount. We also offer the Income Made Easy Program for Principal Plus, and the full allowable amount is based on the Guaranteed Withdrawal Amount. You can start taking withdrawals under the Income Made Easy Program no sooner than the earliest available Lifetime Income Date for your Rider (see "Pre-authorized Withdrawals – The Income Made Easy Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** The Life Expectancy Distribution program is available with the Principal Plus and Principal Plus for Life Series Riders (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

For *Principal Plus*, the Company's Life Expectancy Amount for each year is equal to the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value as of the applicable date divided by the Owner's life expectancy; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base as of the applicable date divided by the Owner's life expectancy.

For purposes of these Life Expectancy Amount calculations, the Owner's life expectancy is determined using the applicable mortality tables (Uniform Table, if allowable) approved by the Internal Revenue Service for such specific purpose under the latest guidance or regulations, as of September 30, 2003, issued under the relevant section of the Code referred to above.

In the future, the requirements under tax law for such distributions may change and the Life Expectancy Amount calculation provided under *Principal Plus* may not be sufficient to satisfy the requirement under tax law for these types of distributions. In such a situation, amounts withdrawn to satisfy such distribution requirements will exceed the Life Expectancy Amount and may result in a recalculation and reduction of the Benefit Base and the Guaranteed Withdrawal Amount. Please discuss these matters with your tax professional for more information on distribution requirements under the Code.

Each withdrawal under our Life Expectancy Distribution program reduces your Contract Value.

We will not make any further withdrawals under our Life Expectancy Distribution program if both the Contract Value and <br> the Benefit Base are depleted to zero. Under a Principal Plus for Life Series Rider, however, we will make further <br> distributions as part of the Settlement Phase if the Lifetime Income Amount is greater than zero and the Covered Person is <br> living at that time.<br>

**Settlement Phase.** Principal Plus enters a Settlement Phase if a withdrawal less than or equal to the Guaranteed Withdrawal Amount reduces the Contract Value to zero but the Benefit Base immediately after the withdrawal is greater than zero (see "Settlement Phase" below). The Principal Plus benefit terminates if the Contract Value and Benefit Base immediately after a withdrawal are both equal to zero.

The Principal Plus for Life Series Riders enters a Settlement Phase if a withdrawal less than or equal to the Guaranteed Withdrawal Amount reduces the Contract Value to zero but either the Benefit Base or the Lifetime Income Amount immediately after the withdrawal is greater than zero. The Rider benefit terminates if the Contract Value, Benefit Base and Lifetime Income Amount immediately after a withdrawal are all equal to zero.

*Settlement Payments during Principal Plus Settlement Phase.* At the beginning of Principal Plus's Settlement Phase, you may choose settlement payments that total an amount no greater than the Guaranteed Withdrawal Amount, or Life Expectancy Distributions if applicable, to be paid to you automatically each Contract Year until the Benefit Base depletes to zero (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" earlier in this Appendix). If the Guaranteed Withdrawal Amount, or the Life Expectancy Distribution if applicable, for a Contract Year exceeds the Benefit Base, however, then the settlement payment for that Contract Year will be limited to the Benefit Base. The settlement payments will be paid no less frequently than annually. If any Owner dies during Principal Plus's Settlement Phase, remaining settlement payments will be paid to the Beneficiary and are subject to the distribution provisions of the "Death Benefit Before Maturity Date" section of the Prospectus described in "Accumulation Period Provisions."

This provision is also applicable if the Beneficiary does not take the death benefit as a lump sum under our current administrative procedures and Principal Plus continues (as described in "Impact of Death Benefits," below) and death benefit distributions deplete the death benefit to zero. When this occurs, settlement payments made in Principal Plus's Settlement Phase are subject to the distribution provisions of the "Death Benefit Before Maturity Date" section of the Contract described in the "Accumulation Period Provisions – Payment of Death Benefit" provision of this Prospectus.

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*Settlement Payments during Principal Plus for Life Series Riders Settlement Phase.* At the beginning of the Settlement Phase, the settlement payment amount we permit you to choose varies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may choose an amount that is no greater than, or equal to, the Guaranteed Withdrawal Amount if the Benefit Base is greater than zero at the beginning of the Settlement Phase. We reduce any remaining Benefit Base each time we make a settlement payment, and automatically pay the settlement amount to you each Contract Year while the Covered Person is alive until the Benefit Base reduces to zero. After that, we make settlement payments to you each Contract Year during the Covered Person's lifetime in an amount that is equal to any remaining Lifetime Income Amount value. Keep in mind that in certain circumstances the Lifetime Income Amount may be less than the Guaranteed Withdrawal Amount, and under those circumstances your choice of an amount in excess of the Lifetime Income Amount could result in a reduction of the Lifetime Income Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You may choose to continue to receive distribution payments under the Life Expectancy Distribution program if the program is in effect under your Contract and the Benefit Base is greater than zero at the beginning of the Settlement Phase. If you do, we reduce any remaining Benefit Base each time we make a distribution payment and automatically make distribution payments each Contract Year while the Covered Person is alive until the Benefit Base reduces to zero. After that, we make settlement payments to you each Contract Year during the Covered Person's lifetime in an amount that is equal to any remaining Lifetime Income Amount value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We make settlement payments to you each Contract Year during the Covered Person's lifetime in an amount that is equal to the Lifetime Income Amount if there is no remaining Benefit Base at the beginning of the Settlement Phase. If the Covered Person is alive when the Benefit Base is depleted, we continue to make settlement payments each Contract Year during the Covered Person's lifetime in an amount that is equal to the Lifetime Income Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• After the Lifetime Income Date, if you choose to receive a settlement payment that is in excess of the Lifetime Income Amount, we recalculate the Lifetime Income Amount in the same manner as a withdrawal that exceeds the Lifetime Income Amount. We do not recalculate the Lifetime Income Amount, however, if you receive distribution payments under the Life Expectancy Distribution program.

**Impact of Death Benefits.** If a death benefit becomes payable during the Accumulation Period but before the Settlement Phase, the Rider will end if the Beneficiary takes the death benefit provided under the terms of the Contract as a lump sum under our current administrative procedures.

*Continuation of Principal Plus.* If the Beneficiary does *not* take the death benefit as a lump sum, the following applies:

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| | | |
|:---|:---|:---|
| **If the Beneficiary is:** | **If the Beneficiary is:** | &nbsp;&nbsp; **Then**<br> **PRINCIPAL PLUS:** |
| 1. | &nbsp;&nbsp; The deceased Owner's <br> Spouse | Continues if the Benefit Base is greater than zero. |
| 1. | &nbsp;&nbsp; The deceased Owner's <br> Spouse | &nbsp;&nbsp; Within 30 days following the date we determine the death benefit under the <br> Contract, provides the Beneficiary with an option to elect to step up the Benefit <br> Base if the death benefit on the date of determination is greater than the Benefit <br> Base.<br>|
| 1. | &nbsp;&nbsp; The deceased Owner's <br> Spouse | &nbsp;&nbsp; Enters the Settlement Phase if a withdrawal would deplete the Contract Value to <br> zero, and the Benefit Base is still greater than zero. (Death benefit distributions <br> are treated as withdrawals. Some methods of death benefit distribution may <br> result in distribution amounts in excess of both the Guaranteed Withdrawal <br> Amount and the Life Expectancy Distributions. In such cases, the Benefit Base <br> may be automatically Reset, thereby possibly reducing the Guaranteed Minimum <br> Withdrawal Benefit provided under this Rider).<br>|
| 1. | &nbsp;&nbsp; The deceased Owner's <br> Spouse | Continues to impose the Principal Plus fee. |
| 1. | &nbsp;&nbsp; The deceased Owner's <br> Spouse | &nbsp;&nbsp; Continues to be eligible for any remaining Credits and Step-Ups, but we change <br> the date we determine and apply these benefits to future anniversaries of the date <br> we determine the initial death benefit. Remaining eligible Step-Up Dates will <br> also be measured beginning from the death benefit determination date but the <br> latest Step-Up Date will be no later than the 30th Contract Anniversary.<br>|

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| | | |
|:---|:---|:---|
| **If the Beneficiary is:** | **If the Beneficiary is:** | &nbsp;&nbsp; **Then**<br> **PRINCIPAL PLUS:** |
| 2. | &nbsp;&nbsp; Not the deceased Owner's <br> Spouse<br>| &nbsp;&nbsp; Continues in the same manner as above, except that Principal Plus does not <br> continue to be eligible for any remaining Credits and Step-Ups, other than the <br> initial Step-Up of the Benefit Base to equal the death benefit, if greater than the <br> Benefit Base prior to the death benefit.<br>|

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If the Beneficiary does not take the death benefit as a lump sum under the terms of the Contract and Principal Plus continues, we determine the Adjusted Benefit Base and the fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Continuation of Principal Plus for Life and Principal Plus for Life Plus Automatic Annual Step-Up.* If the Beneficiary elects not to take the death benefit as a lump sum, the following applies:

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| | | |
|:---|:---|:---|
| **If the Deceased**<br> **Owner is:** | **If the Deceased**<br> **Owner is:** | &nbsp;&nbsp; **Then**<br> **PRINCIPAL PLUS FOR LIFE OR PRINCIPAL PLUS FOR LIFE PLUS** <br> **AUTOMATIC ANNUAL STEP-UP:** |
| 1. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is the deceased <br> Owner's Spouse | &nbsp;&nbsp; Does not continue with respect to the Lifetime Income Amount, but continues <br> with respect to the Guaranteed Withdrawal Amount if the death benefit or the <br> Benefit Base is greater than zero. We automatically step up the Benefit Base to <br> equal the initial death benefit we determine, if greater than the Benefit Base <br> prior to the death benefit.<br>|
| 1. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is the deceased <br> Owner's Spouse | &nbsp;&nbsp; Enters the Settlement Phase if a withdrawal would deplete the Contract Value to <br> zero, and the Benefit Base is still greater than zero.<br>|
| 1. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is the deceased <br> Owner's Spouse | Continues to impose the Principal Plus for Life fee. |
| 1. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is the deceased <br> Owner's Spouse | &nbsp;&nbsp; Continues to be eligible for any remaining Credits and Step-Ups, but we change <br> the date we determine and apply these benefits to future anniversaries of the date <br> we determine the initial death benefit. We permit the Spouse to opt out of the <br> initial death benefit Step-Up, if any, and any future Step-Ups if we increase the <br> rate of the Rider fee at that time.<br>|
| 2. | &nbsp;&nbsp; The Covered Person and the <br> Beneficiary is not the <br> deceased Owner's Spouse<br>| &nbsp;&nbsp; Continues in the same manner as 1, except that Principal Plus for Life does not <br> continue to be eligible for any remaining Credits and Step-Ups, other than the <br> initial Step-Up of the Benefit Base to equal the death benefit, if greater than the <br> Benefit Base prior to the death benefit. We permit the Beneficiary to opt out of <br> the initial death benefit Step-Up, if any, if we increase the rate of the Rider fee at <br> that time.<br>|
| 3. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is the <br> deceased Owner's Spouse<br>| &nbsp;&nbsp; Continues in the same manner as 1, except that the Rider continues with respect <br> to the Lifetime Income Amount for the Beneficiary. If the Lifetime Income <br> Amount has not been determined prior to the payment of any portion of the <br> death benefit, we determine the initial Lifetime Income Amount on an <br> anniversary of the date we determine the death benefit after the Covered Person <br> has reached his or her Lifetime Income Date.<br>|
| 4. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is not the <br> deceased Owner's Spouse | &nbsp;&nbsp; Continues in the same manner as 1, except that the Rider continues with respect <br> to the Lifetime Income Amount for the Beneficiary. If the Lifetime Income <br> Amount has not been determined prior to the payment of any portion of the <br> death benefit, we determine the initial Lifetime Income Amount on an <br> anniversary of the date we determine the death benefit after the Covered Person <br> has reached his or her Lifetime Income Date.<br>|
| 4. | &nbsp;&nbsp; Not the Covered Person and <br> the Beneficiary is not the <br> deceased Owner's Spouse | &nbsp;&nbsp; In this case, does not continue to be eligible for any remaining Credits and Step-<br> Ups, other than the initial Step-Up of the Benefit Base to equal the death benefit, <br> if greater than the Benefit Base prior to the death benefit. We permit the <br> Beneficiary to opt out of the initial death benefit Step-Up, if any, if we increase <br> the rate of the Rider fee at that time.<br>|

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If the Beneficiary does not take the death benefit as a lump sum under the terms of the Contract and Principal Plus for Life or Principal Plus for Life Plus Automatic Annual Step-Up continues, we determine the Adjusted Benefit Base and the fee based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death benefits during the Settlement Phase.* If you die during the Settlement Phase, the only death benefits we provide are the remaining settlement payments that may become due under the Principal Plus or Principal Plus for Life Rider. Under the Principal Plus for Life Series Riders, we reduce the Lifetime Income Amount to zero if the Covered Person dies during the Settlement Phase. An individual Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. An individual Beneficiary who is the deceased Owner's surviving Spouse may choose the amount of the settlement payments up to the Guaranteed Withdrawal Amount. Otherwise, the entire interest must be distributed within five years of the Owner's death.

*Termination of Rider* 

You may not terminate a Principal Plus or Principal Plus for Life Series Rider once it is in effect. The respective Rider terminates automatically, however, upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a death benefit is payable and the Beneficiary takes the death benefit as a lump sum under the terms of the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• under Principal Plus, the date the Benefit Base depletes to zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• under Principal Plus for Life Series Riders, the date the Contract Value, the Benefit Base and the Lifetime Income Amount all equal zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• under Principal Plus, the Maturity Date under the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• under Principal Plus for Life Series Riders, the date an Annuity Option begins; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a new guaranteed minimum withdrawal benefit Rider becomes effective under any Rider exchange program that we may make available; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of the Contract.

**Features of Principal Returns Rider** 

*Form of Guarantee* 

The Principal Returns Rider provides a guaranteed minimum withdrawal benefit during the Accumulation Period that guarantees the return of initial Purchase Payments (i.e., the cumulative Purchase Payments you pay for your Contract, up to a $5 million limit, from the date the Rider goes into effect until the next following Contract Anniversary), regardless of market performance, as long as you limit your annual withdrawals to a Guaranteed Withdrawal Amount (see below).

In addition, the Rider provides our guarantee that, as long as you take *no* withdrawals of Contract Value during the first 10 Contract Years, your Contract Value at the end of that period will not be less than the greater of (a) the amount of your initial Purchase Payments (up to $5 million) or (b) your Contract Value plus the sum of all Principal Returns Rider fees paid to date. Please read the discussion of the Ten Year Credit, below, for more details.

The Rider does not provide a lifetime income guarantee.

*Benefit Base* 

The Rider refers to the Benefit Base as the "Guaranteed Withdrawal Balance." The Benefit Base we use to determine the initial Guaranteed Withdrawal Amount is equal to your initial Purchase Payments. If we allowed you to purchase the Rider after the first Contract Year, we may determine the Benefit Base by using your Contract Value after the first Contract Year.

The maximum Benefit Base at any time is $5 million. We increase the Benefit Base to reflect Additional Purchase Payments and Step- Ups. We reduce the Benefit Base if you take Excess Withdrawals. We may reduce the Benefit Base to reflect these withdrawals either on a dollar-for-dollar basis or on a pro-rata basis, depending on the nature of the withdrawal. Please see "Withdrawals, Distributions and Settlements" in this section, below, for more information.

*Benefit Rate* 

The Benefit Rate is 8%.

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*Guaranteed Withdrawal Amount* 

The Guaranteed Withdrawal Amount is the amount we guarantee to be available each Contract Year for you to withdraw during the Accumulation Phase until the Benefit Base is depleted. The initial Guaranteed Withdrawal Amount is equal to 8% of the initial Benefit Base. The maximum Guaranteed Withdrawal Amount at any time is $400,000.

Although this Rider guarantees minimum annual withdrawal amounts, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. If you take withdrawals for more than the annual amounts permitted under the terms of the Principal Returns Rider, however, we may reduce the guaranteed minimum amounts. If you take withdrawals during the first 10 Contract Years, you are no longer eligible for our tenth year Accumulation Benefit. Please read the discussion of the Ten Year Credit, below, for more details.

*Increases in Guaranteed Amounts* 

**Additional Purchase Payments.** Our restrictions on Additional Purchase Payments may prevent you from increasing the amounts we guarantee under the Principal Returns Rider.

We increase the Benefit Base (i.e., the Guaranteed Withdrawal Balance in your Rider) by the amount of each Additional Purchase Payment we accept (see "Restrictions on Additional Purchase Payments," above), subject to the maximum Benefit Base limit of $5 million. In addition, we recalculate the Guaranteed Withdrawal Amount, and usually increase it, to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 8% of the Benefit Base immediately after the Purchase Payment; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount immediately prior to the Purchase Payment plus an amount equal to 8% of the Additional Purchase Payment.

We do not change the Guaranteed Withdrawal Amount if the recalculated amount is less than the Guaranteed Withdrawal Amount before the Additional Purchase Payment. Additional Purchase Payments during Contract Years Two through Ten may decrease the amount credited to your Contract Value under the Rider's Accumulation Benefit (see following section).

**Accumulation Benefit** *(not available for Riders issued in the state of Washington)*. As long as you take no withdrawals during the first ten years that your Principal Returns Rider is in effect, we calculate and, to the extent necessary, apply a credit at the end of the period so that your Contract Value equals the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the amount of your initial Purchase Payments, up to $5 million; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Contract Value at the end of the ten-year period plus the sum of all Principal Returns Rider fees paid to that date.

Your initial Purchase Payments, for these purposes, means all Purchase Payments you make during the first Contract Year in which you purchased the Rider, up to $5 million. If you make any Additional Purchase Payments during Contract years two through ten, your Contract Value at the end of the Credit Period reflects these additional investments. These Additional Purchase Payments could reduce the amount that we would otherwise credit to your Contract Value, and therefore could reduce your ability to recover investment losses, if any, on your initial Purchase Payments.

If you qualify, we determine an Accumulation Benefit on your 10th Contract Anniversary and credit it to your Contract Value. We apply the Accumulation Benefit, if any, to each Investment Option in the same proportion that the value of Investment Accounts of each Investment Option bears to the Contract Value.

You are not eligible for an Accumulation Benefit if you take a withdrawal of Contract Value, including any required <br> minimum distribution from a Qualified Contract or any withdrawal of death benefit proceeds, during the first 10 Contract <br> Years.<br>

**Example 1.** Assume you invested $100,000 and took no withdrawals during the first 10 years. Account Value at the 10<sup>th</sup> Contract Anniversary equals $90,000. The sum of Rider fees equals $5,000. Since the Account Value plus the sum of Rider fees ($95,000) is less than the first year Purchase Payment ($100,000), we credit the Account Value $10,000 ($100,000 - $90,000) on the 10<sup>th</sup> Contract Anniversary to equal $100,000.

**Example 2.** Assume you invested $100,000 and took no withdrawals during the first 10 years. Account value at the 10<sup>th</sup> Contract Anniversary equals $120,000. The sum of Rider fees equals $5,000. Since the Account Value plus the sum of Rider fees ($125,000) is greater than the first year Purchase Payment ($100,000), we credit the Account Value $5,000 on the 10<sup>th</sup> Contract Anniversary to equal $125,000.

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**Step-Ups.** The Principal Returns Rider provides Step-Ups. We discuss how the Step-Up works below. The Step-Up compares your Contract Value on a Step-Up Date to certain previously calculated guaranteed amounts.

We schedule Step-Up Dates for the 3rd, 6th and 9th Contract Anniversary after the Contract Date. After the 9th Contract Anniversary, we increase the schedule of Step-Up Dates to include each succeeding Contract Anniversary (i.e., the 10th, 11th, 12th, etc.) up to and including the Age 95 Contract Anniversary. You are no longer eligible for Step-Ups, however, if you decline a scheduled increase in the Rider fee rate (see "Rider Fees" earlier in this Appendix).

On each Step-Up Date, we compare the Benefit Base to the Contract Value on that date. If the Contract Value on any Step-Up Date is greater than the Benefit Base on that date, we automatically increase the Benefit Base to equal the Contract Value (up to a maximum Benefit Base of $5 million). Each time we recalculate a Step-Up, we also recalculate the Guaranteed Withdrawal Amount. The recalculated Guaranteed Withdrawal Amount equals the greater of the current Guaranteed Withdrawal Amount or 8% of the new Benefit Base.

*Impact of Step-Ups on Rider Fees.* Each time we increase the Benefit Base, we also increase the dollar amount of the Rider fee. The new Rider fee will be based on the new Benefit Base. We reserve the right to increase the rate of the fee on any Step-Up Date, up to a maximum rate of 0.95%. If we decide to increase the rate at the effective date of a Step-Up, you will receive advance notice and be given the opportunity of no less than 30 days to decline the Step-Up (see "Rider Fees" in "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix). If you decline the Step-Up, the fee rate will not be increased.

*Declination of Step-Ups.* If you decline an automatic Step-Up, you will have the option to elect to step up the Benefit Base (as well as the Guaranteed Withdrawal Amount) within 30 days of subsequent Step-Up Dates. If you decide to step up the Benefit Base at that time, we will thereafter resume automatic Step-Ups.

**Example.** Assume you invested $100,000. The Benefit Base is set to $100,000 and the Guaranteed Withdrawal Amount (GWA) is set to $8,000. Prior to the 3<sup>rd</sup> Contract Anniversary there are no additional Purchase Payments and no withdrawals taken from the Contract. On the 3<sup>rd</sup> Contract Anniversary, the Account Value equals $110,000. We compare the current Benefit Base ($100,000) to the Account Value ($110,000) and increase the Benefit Base to match the Account Value. At the same time we recalculate the GWA to equal the greater of current GWA ($8,000) or 8% of the new Benefit Base $8,800 ($110,000 x 8%), and apply the greater ($8,800).

*Withdrawals, Distributions and Settlements* 

**Overview.** Although the Rider guarantees a minimum annual withdrawal amount, you may take withdrawals of any amount of Contract Value during your Contract's Accumulation Period. We reduce your Contract Value and your death benefit each time you take a withdrawal (see "Impact of Death Benefits" in this section, below). We may reduce the Benefit Base and Guaranteed Withdrawal Amount values if you take Excess Withdrawals. If you experience unfavorable investment performance (and therefore your Contract Value is less than your Benefit Base) and then take withdrawals, your future Guaranteed Withdrawal Amount could be significantly reduced.

We reduce your Contract Value each time you take a withdrawal. We may reduce the Benefit Base and Guaranteed <br> Withdrawal Amount values if you take Excess Withdrawals. Excess Withdrawals may reduce or eliminate future Guaranteed <br> Withdrawal Amount values.<br>

**Excess Withdrawals.** We reduce guaranteed minimum amounts for future withdrawals if you take withdrawals for more than the amount guaranteed under the terms of the Rider. Your future Guaranteed Withdrawal Amount could be significantly reduced if your Contract Value declines due to poor investment performance to an amount that is less than your Benefit Base, and you then take Excess Withdrawals.

An Excess Withdrawal under a Principal Returns Rider is a withdrawal (including applicable withdrawal charges) you take that, together with all other withdrawals (including any applicable withdrawal charges) previously taken during the Contract Year of withdrawal, exceeds the Guaranteed Withdrawal Amount at the time of the withdrawal.

We do not consider withdrawals under our Life Expectancy Distribution program to result in Excess Withdrawals under the Rider unless you take additional withdrawals outside of that program.

**Impact of Withdrawals.** We decrease the Benefit Base each time you make a withdrawal. If your total withdrawals during a Contract Year are less than or equal to the Guaranteed Withdrawal Amount, we decrease the Benefit Base by the amount of the withdrawals. If an Excess Withdrawal is the result of your total withdrawals during a Contract Year exceeding the

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Guaranteed Withdrawal Amount (or if total withdrawals during a Contract Year have already exceeded the Guaranteed Withdrawal Amount), we automatically recalculate, and in most cases reduce, the Benefit Base to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value immediately after the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base immediately prior to the withdrawal minus the amount of the withdrawal.

Each time we recalculate the Benefit Base, we also recalculate, and in most cases reduce, the Guaranteed Withdrawal Amount. The Guaranteed Withdrawal Amount equals the *lesser* of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Guaranteed Withdrawal Amount prior to the withdrawal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 8% of the greater of: (a) the Contract Value after the withdrawal; or (b) the new Benefit Base value.

We do not change your Guaranteed Withdrawal Amount when you make a withdrawal if your total withdrawals during a Contract Year are less than or equal to the Guaranteed Withdrawal Amount. If your withdrawals are less than the full Guaranteed Withdrawal Amount available in any Contract Year, the remaining Guaranteed Withdrawal Amount cannot be carried forward to the next Contract Year.

If your annual withdrawals exceed the Guaranteed Withdrawal Amount, we recalculate amounts we guarantee for future <br> withdrawals. We may recalculate and reduce the Benefit Base and Guaranteed Withdrawal Amount by amounts that exceed <br> the amount of your withdrawals. A recalculation also may reduce the total amount guaranteed to an amount less than the <br> total of your Purchase Payments and may reduce or eliminate future Guaranteed Withdrawal Amount values.<br>

**Pre-Authorized Withdrawals – The Income Made Easy Program.** If you purchased a Contract with a Principal Returns Rider, you may be able to pre-authorize periodic withdrawals to receive amounts guaranteed under the Rider. We offer our Income Made Easy Program for Contracts with the Rider to provide automatic payment of withdrawals. The full allowable amount is based on the Guaranteed Withdrawal Amount (see "Pre-Authorized Withdrawals – The Income Made Easy Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

**Pre-Authorized Withdrawals – Life Expectancy Distribution Program.** The Life Expectancy Distribution Program is available with the Principal Returns Rider (see "Pre-Authorized Withdrawals – Life Expectancy Distribution Program" under "General Information about Guaranteed Minimum Withdrawal Benefit Riders" in this Appendix).

Each withdrawal under our automatic Life Expectancy Distribution Program reduces your Contract Value and Benefit Base. We do not allow any further withdrawals under the program if both the Contract Value and the Benefit Base are depleted to zero.

If you begin taking Life Expectancy Distributions during the first 10 Contract Years, you no longer qualify for the Rider's <br> Accumulation Benefit at your 10th Contract Anniversary.<br>

**Settlement Phase.** The Settlement Phase under the Rider begins if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Value reduces to zero at any time during a Contract Year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• there were no Excess Withdrawals during that Contract Year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Benefit Base is still greater than zero at the time.

*Settlement Payments during Principal Returns Settlement Phase.* At the beginning of the Principal Returns Settlement Phase, you may choose settlement payments that total an amount no greater than the Guaranteed Withdrawal Amount, or Life Expectancy Distributions if applicable, to be paid to you automatically each Contract Year until the Benefit Base depletes to zero (see "Life Expectancy Distribution Program"). If the Guaranteed Withdrawal Amount or the Life Expectancy Distribution, if applicable, for a Contract Year exceeds the Benefit Base, however, then the settlement payment for that Contract Year will be limited to the Benefit Base. The settlement payments will be paid no less frequently than annually. If any Owner dies during the Settlement Phase, remaining settlement payments will be paid to the Beneficiary and are subject to the distribution provisions described in "Accumulation Period Provisions – Death Benefit During Accumulation Period" section of the Prospectus.

This provision is also applicable if the Beneficiary does not take the death benefit as a lump sum under our current administrative procedures and the Principal Returns Rider continues (as described in "Impact of Death Benefits" below) and death benefit distributions deplete the death benefit to zero. When this occurs, settlement payments made in the Settlement Phase are subject to the distribution provisions of the "Death Benefit Before Maturity Date" section of the Contract, described in the "Accumulation Period Provisions – Death Benefit During Accumulation Period" provision of the Prospectus.

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**Impact of Death Benefits.** If a death benefit becomes payable during the Accumulation Period but before the Settlement Phase, the Principal Returns Rider will end if the Beneficiary takes the death benefit as a lump sum under our current administrative procedures.

*Continuation of Principal Returns.* If the Beneficiary elects not to take the death benefit as a lump sum, then the Principal Returns Rider:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Continues if the Benefit Base is greater than zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Steps up the Benefit Base to equal the death benefit if the death benefit on the date of determination is greater than the Benefit Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Enters the Settlement Phase if a withdrawal would deplete the Contract Value to zero, and the Benefit Base is still greater than zero. (Death benefit distributions will be treated as withdrawals. Some methods of death benefit distribution may result in distribution amounts that exceed the Guaranteed Withdrawal Amount and the Life Expectancy Distribution amount. In such cases, we may recalculate and reduce the Benefit Base, and reduce the Guaranteed Minimum Withdrawal Benefit provided under this Rider).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Continues to impose the Rider fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Continues to be eligible for any remaining Step-Ups, but we will change the date we determine and apply these benefits to the future anniversaries of the date we determine the initial death benefit. Remaining eligible Step-Up Dates will also be measured beginning from the death benefit determination date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Ends any remaining Step-Ups on the Age 95 Contract Anniversary date based on the date the deceased owner would have turned age 95, unless the Beneficiary is older than the deceased owner. If so, any remaining Step-Ups end on the Age 95 Contract Anniversary date based on the birthdate of the Beneficiary.

If the Beneficiary does not take the death benefit as a lump sum under the terms of the Contract and the Principal Returns Rider continues, we will determine the annual Rider fee (and the Adjusted Benefit Base) based on the date we determine the death benefit, and anniversaries of that date, instead of the initial Contract Anniversary date.

*Death benefits during the Settlement Phase.* If you die during the Settlement Phase, the only death benefits we provide are the remaining settlement payments that may become due under the Principal Returns Rider. If the Beneficiary is the deceased Owner's Spouse, the surviving Spouse may choose the amount of the settlement payments up to the Guaranteed Withdrawal Amount. An individual Beneficiary may choose to receive any remaining settlement payments over a period not extending beyond the life expectancy of the Beneficiary beginning within one year of the Owner's death. Otherwise, the entire interest must be distributed within five years of the Owner's death.

*Termination of Rider* 

You may not terminate the Principal Returns Rider once it is in effect. The Rider terminates automatically, however, upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a death benefit is payable and the Beneficiary takes the death benefit as a lump sum under the terms of the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date the Benefit Base and the Contract Value both deplete to zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date an Annuity Option under the Contract begins; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the date a new guaranteed minimum withdrawal benefit Rider becomes effective under any Rider exchange program that we may make available; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• termination of the Contract.

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**Appendix D: Optional Guaranteed Minimum Income Benefits** 

This Appendix provides a general description of the optional guaranteed minimum income benefit Riders that may have been available at the time you purchased a Wealthmark Contract. If you purchased an optional guaranteed minimum income benefit Rider, you will pay the charge shown in the Fee Tables for that benefit as long as it is in effect.

***You should carefully review your Contract, including any attached Riders, for complete information on benefits, conditions and limitations of any guaranteed minimum income benefit Riders applicable to your Contract.*** You should also carefully review "VII. Federal Tax Matters" for information about optional benefit Riders.

The following is a list of the various optional guaranteed minimum income benefits that may have been available to you at issue. Not all Riders were available at the same time or in all states.

<u>John Hancock USA</u> 

Guaranteed Retirement Income Benefit\* II

Guaranteed Retirement Income Benefit\* III

<u>John Hancock New York</u> 

Guaranteed Retirement Income Benefit\* II

*\**

*May also, in marketing and other materials, be referred to as "Guaranteed Retirement Income Programs."* 

The optional Guaranteed Retirement Income Benefits guarantee a minimum lifetime fixed income benefit in the form of fixed monthly annuity payments. The amount of these payments is determined by applying an Income Base to the Monthly Income Factors described in the Guaranteed Retirement Income Benefit Rider. If the Guaranteed Retirement Income Benefit is exercised and the monthly annuity payments available under the Contract are greater than the monthly annuity payments provided by Guaranteed Retirement Income Benefit, we will pay the monthly annuity payments available under the Contract. The Guaranteed Retirement Income Benefit Riders were available only at Contract issue. The Riders are irrevocable and may only be terminated as described below.

**John Hancock USA** 

*Availability of Guaranteed Retirement Income Benefits* 

John Hancock USA offered two versions of the Guaranteed Retirement Income Benefit. Guaranteed Retirement Income Benefit II was available for Contracts issued between July 2001 and May 2003 (beginning and end dates may vary by state). Guaranteed Retirement Income Benefit III was available for Contracts issued between May 2003 and May 2004 (beginning and end dates may vary by state). We describe differences between Guaranteed Retirement Income Benefit II and Guaranteed Retirement Income Benefit III below.

**Conditions of Exercise.** The Guaranteed Retirement Income Benefit may be exercised subject to the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• may not be exercised until the 10th Contract Anniversary and then must be exercised within 30 days immediately following the 10th Contract Anniversary or a subsequent Contract Anniversary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• must be exercised by the Contract Anniversary immediately prior to the oldest Annuitant's 85th birthday or the 10th Contract Anniversary, if later.

*Guaranteed Retirement Income Benefit II and Guaranteed Retirement Income Benefit III* 

The Income Base applied in determining the amount of Guaranteed Retirement Income Benefit annuity payments is the greater of (i) the Growth Factor Income Base or (ii) the Step-Up Income Base. The Income Base is reduced for any withdrawal charge remaining on the date of exercise of the Guaranteed Retirement Income Benefit, and we reserve the right to reduce the Income Base by any premium taxes that may apply.

**The Income Base is used solely for purposes of calculating the Guaranteed Retirement Income Benefit monthly annuity payments and does not provide a Contract Value or guarantee performance of any Investment Option.** 

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*Growth Factor Income Base:* 

The Growth Factor Income Base is equal to (a) less (b), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all Purchase Payments made, accumulated at the growth factor indicated below starting on the date each payment is allocated to the Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the sum of Income Base reductions (defined below) in connection with withdrawals taken, accumulated at the growth factor indicated below starting on the date each deduction occurs.

**Guaranteed Retirement Income Benefit II Growth Factor:** The growth factor for Guaranteed Retirement Income Benefit II is 6% per annum if the oldest Annuitant is 75 or younger at issue, and 4% per annum if the oldest Annuitant is 76 or older at issue. The growth factor is reduced to 0% once the oldest Annuitant has turned age 85.

**Guaranteed Retirement Income Benefit III Growth Factor:** The growth factor is 5% per annum if the oldest Annuitant is 75 or younger at issue, and 3% per annum if the oldest Annuitant is 76 or older at issue. The growth factor is reduced to 0% once the oldest Annuitant has turned age 85.

**Step-Up Income Base:** The Step-Up Income Base is equal to the greatest anniversary value after the effective date of the Guaranteed Retirement Income Benefit and prior to the oldest Annuitant's turning age 81. The anniversary value is equal to the Contract Value on the last day of the Contract Year, plus subsequent Purchase Payments, less any Income Base reductions (defined below) in connection with withdrawals since the last day of the Contract Year.

**Guaranteed Retirement Income Benefit II Income Base Reductions:** Withdrawals will reduce the Growth Factor Income Base and the Step-Up Income Base on a pro rata basis, equal to (i) multiplied by (ii) where: (i) is equal to the Growth Factor Income Base or the Step-Up Income Base, as appropriate, immediately prior to the withdrawal and (ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

**Guaranteed Retirement Income Benefit III Income Base Reductions:** If total withdrawals taken during a Contract Year are no greater than the Annual Withdrawal Limit then the Withdrawal Reduction reduces the Growth Factor Income Base on the next Contract Anniversary by the dollar amount of the withdrawal. If total withdrawals taken during a Contract Year are greater than the Annual Withdrawal Limit, then the Withdrawal Reduction will instead reduce the Growth Factor Income Base on a pro rata basis, equal to (i) multiplied by (ii) where: (i) is equal to the Growth Factor Income Base immediately prior to the withdrawal and (ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal. In any Contract Year, the Annual Withdrawal Limit is determined by multiplying the Growth Factor Income Base on the previous Contract Anniversary by the growth factor indicated below.

Withdrawals will reduce the Step-Up Income Base on a pro rata basis, equal to (i) multiplied by (ii) where: (i) is equal to the Step-Up Income Base immediately prior to the withdrawal and (ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

**Monthly Income Factors:** The Income Base may be applied to Monthly Income Factors to purchase a guaranteed lifetime income under the following Annuity Options which are described in this Prospectus (see "VII. Description of the Contract – Pay-out Period Provisions – Annuity Options").

*Life Annuity with a 10-Year Period Certain* – Available for both Guaranteed Retirement Income Benefit II and Guaranteed Retirement Income Benefit III.

*Joint and Survivor Life Annuity with a 20-Year Period Certain* – Available for Contracts with Guaranteed Retirement Income Benefit II issued prior to January 27, 2003 (availability may vary by state).

*Joint and Survivor Life Annuity with a 10-Year Period Certain* - Available for Guaranteed Retirement Income Benefit III and for Contracts issued with Guaranteed Retirement Income Benefit II on or after January 27, 2003 (availability may vary by state).

The Monthly Income Factors are described in the Guaranteed Retirement Income Benefit Rider. When you exercise the Guaranteed Retirement Income Benefit, actual income will be based on the greater of (i) your Income Base at Monthly Income Factors, or (ii) your Contract Value at current annuity payment rates. (The Income Base cannot be applied to current annuitization rates.)

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If your Contract has been issued with a Guaranteed Retirement Income Benefit Rider, the Annuitant may only be changed to an individual that is the same age or younger than the oldest current Annuitant. A change of Annuitant will not affect the Income Base calculation.

*Guaranteed Retirement Income Benefit Fee* 

The risk assumed by us associated with a Guaranteed Retirement Income Benefit is that annuity benefits payable under a Guaranteed Retirement Income Benefit are greater than annuity benefits that would have been payable if you had selected another annuity benefit permitted by the Contract. To compensate us for this risk, we charge an annual fee (the "Guaranteed Retirement Income Benefit Fee"). On or before the Maturity Date, the Guaranteed Retirement Income Benefit Fee is deducted on each Contract Anniversary. The amount of the Guaranteed Retirement Income Benefit Fee is equal to the percentage from the table below multiplied by the Income Base in effect on that Contract Anniversary. The Guaranteed Retirement Income Benefit Fee is withdrawn from each Investment Option in the same proportion that the value of the Investment Account of each Investment Option bears to the Contract Value.

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| | |
|:---|:---|
| **Guaranteed Retirement Income Benefit Rider** | **Annual Fee** |
| Guaranteed Retirement Income Benefit II | 0.45% |
| Guaranteed Retirement Income Benefit III | 0.50% |

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If there is a full withdrawal of Contract Value on any date other than the Contract Anniversary, we will deduct a pro-rata portion of the Guaranteed Retirement Income Benefit Fee from the amount paid upon withdrawal. In the case of a full withdrawal, the Guaranteed Retirement Income Benefit Fee will be multiplied by the Income Base immediately prior to withdrawal. The Guaranteed Retirement Income Benefit Fee will not be deducted during the Pay-out Period. For purposes of determining the Guaranteed Retirement Income Benefit Fee, the commencement of annuity payments will be treated as a full withdrawal.

*Termination of Guaranteed Retirement Income Benefit* 

A Guaranteed Retirement Income Benefit will terminate upon the earliest to occur of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Anniversary immediately prior to the oldest Annuitant's 85th birthday or the tenth Contract Anniversary, if later;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the termination of the Contract for any reason; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the exercise of the Guaranteed Retirement Income Benefit.

*Qualified Plans* 

The use of a Guaranteed Retirement Income Benefit is limited in connection with its use under Qualified Plans, including an IRA, because of the minimum distribution requirements imposed by federal tax law on these plans. In general, if a Guaranteed Retirement Income Benefit is not exercised under a Qualified Plan while you are alive, your Beneficiary may be unable to exercise the benefit under a Guaranteed Retirement Income Benefit. Changes in federal tax laws may also limit a Beneficiary's ability to receive benefits under the Guaranteed Retirement Income Program.

Hence, you should consider that because (a) a Guaranteed Retirement Income Benefit may not be exercised until the 10th Contract Anniversary after its election and (b) the election of a Guaranteed Retirement Income Benefit is irrevocable, there can be circumstances under a Qualified Plan in which a Guaranteed Retirement Income Benefit fee (discussed above) will be imposed, even though a Guaranteed Retirement Income Benefit may not be exercised because of the restrictions imposed by the minimum distribution requirements. Please consult your own qualified tax professional.

In addition, the presence of an optional benefit, such as a Guaranteed Retirement Income Benefit, could affect the amount of the required minimum distribution that must be made under your Contract.

In order to comply with applicable federal income tax laws, in some circumstances, we will shorten the guarantee period under an Annuity Option so that it does not exceed the life expectancy of the Annuitant, or the joint life expectancy of the joint Annuitants, depending on the Annuity Option chosen. Once the guarantee period is shortened upon exercise of Guaranteed Retirement Income Benefit, it will not be further reduced. The guarantee period will never be increased based on the life expectancy of the Annuitant or at any other time or due to any other event.

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**Guaranteed Retirement Income Benefits do not provide Contract Value or guarantee performance of any Investment Option. Because this benefit is based on conservative actuarial factors, the level of lifetime income that it guarantees may often be less than the level that would be provided by application of Contract Value at current annuity factors. Therefore, Guaranteed Retirement Income Benefits should be regarded as a safety net. As described above under "Income Base," withdrawals will reduce the Guaranteed Retirement Income Benefit.** 

**John Hancock New York** 

*Availability of Guaranteed Retirement Income Benefit* 

John Hancock New York offered Guaranteed Retirement Income Benefit II for Contracts issued between December 2, 2002 and June 11, 2004.

**Conditions of Exercise.** The Guaranteed Retirement Income Benefit may be exercised subject to the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• may not be exercised until the 10th Contract Anniversary and then must be exercised within 30 days immediately following the 10th Contract Anniversary or a subsequent Contract Anniversary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• must be exercised by the Contract Anniversary immediately prior to the oldest Annuitant's 85th birthday or the 10th Contract Anniversary, if later.

*Income Base* 

The Income Base applied in determining the amount of Guaranteed Retirement Income Benefit annuity payments is the greater of (i) the Growth Factor Income Base (Guaranteed Retirement Income Benefit II only) or (ii) the Step-Up Income Base. The Income Base is reduced for any withdrawal charge remaining on the date of exercise of the Guaranteed Retirement Income Benefit, and we reserve the right to reduce the Income Base by any premium taxes that may apply.

**The Income Base is used solely for purposes of calculating the Guaranteed Retirement Income Benefit monthly annuity payments and does not provide a Contract Value or guarantee performance of any Investment Option.** 

**Growth Factor Income Base (Guaranteed Retirement Income Benefit II only):** The Growth Factor Income Base is equal to (a) less (b), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the sum of all Purchase Payments made, accumulated at the growth factor indicated below starting on the date each payment is allocated to the Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the sum of Income Base reductions (defined below) in connection with withdrawals taken, accumulated at the growth factor indicated below starting on the date each deduction occurs.

**Growth Factor:** The growth factor for Guaranteed Retirement Income Benefit II is 6% per annum if the oldest Annuitant is 75 or younger at issue, and 4% per annum if the oldest Annuitant is 76 or older at issue. The growth factor is reduced to 0% once the oldest Annuitant has turned age 85.

**Step-Up Income Base:** The Step-Up Income Base is equal to the greatest anniversary value after the effective date of the Guaranteed Retirement Income Benefit and prior to the oldest Annuitant's turning age 81. The anniversary value is equal to the Contract Value on the last day of the Contract Year, plus subsequent Purchase Payments, less any Income Base reductions (defined below) in connection with withdrawals since the last day of the Contract Year.

**Income Base Reductions:** Withdrawals will reduce the Growth Factor Income Base and the Step-Up Income Base on a pro rata basis, equal to (i) multiplied by (ii) where: (i) is equal to the Growth Factor Income Base or the Step-Up Income Base, as appropriate, immediately prior to the withdrawal and (ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

Withdrawals will reduce the Step-Up Income Base on a pro rata basis, equal to (i) multiplied by (ii) where: (i) is equal to the Step-Up Income Base immediately prior to the withdrawal and (ii) is equal to the withdrawal amount divided by the Contract Value prior to the withdrawal.

**Monthly Income Factors:** The Income Base may be applied to Monthly Income Factors to purchase a guaranteed lifetime income under the following Annuity Options which are described in this Prospectus (see "VII. Description of the Contract – Pay-out Period Provisions – Annuity Options"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Life Annuity with a 10-Year Period Certain;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Joint and Survivor Life Annuity with a 20-Year Period Certain.

The Monthly Income Factors are described in the Guaranteed Retirement Income Benefit Rider. When you exercise the Guaranteed Retirement Income Benefit, actual income will be based on the greater of (i) your Income Base at Monthly Income Factors, or (ii) your Contract Value at current annuity payment rates. (The Income Base cannot be applied to current annuitization rates.)

If your Contract has been issued with a Guaranteed Retirement Income Benefit Rider, the Annuitant may only be changed to an individual that is the same age or younger than the oldest current Annuitant. A change of Annuitant will not affect the Income Base calculation.

*Guaranteed Retirement Income Benefit Fee* 

The risk assumed by us associated with a Guaranteed Retirement Income Benefit is that annuity benefits payable under a Guaranteed Retirement Income Benefit are greater than annuity benefits that would have been payable if you had selected another annuity benefit permitted by the Contract. To compensate us for this risk, we charge an annual fee (the "Guaranteed Retirement Income Benefit Fee"). On or before the Maturity Date, the Guaranteed Retirement Income Benefit Fee is deducted on each Contract Anniversary. The amount of the Guaranteed Retirement Income Benefit Fee is equal to the percentage from the table below multiplied by the Income Base in effect on that Contract Anniversary. The Guaranteed Retirement Income Benefit Fee is withdrawn from each Investment Option in the same proportion that the value of the Investment Account of each Investment Option bears to the Contract Value.

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| | |
|:---|:---|
| **Guaranteed Retirement Income Benefit Rider** | **Annual Fee** |
| Guaranteed Retirement Income Benefit II | 0.45% |

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If there is a full withdrawal of Contract Value on any date other than the Contract Anniversary, we will deduct a pro-rata portion of the Guaranteed Retirement Income Benefit Fee from the amount paid upon withdrawal. In the case of a full withdrawal, the Guaranteed Retirement Income Benefit Fee will be multiplied by the Income Base immediately prior to withdrawal. The Guaranteed Retirement Income Benefit Fee will not be deducted during the Pay-out Period. For purposes of determining the Guaranteed Retirement Income Benefit Fee, the commencement of annuity payments will be treated as a full withdrawal.

*Termination of Guaranteed Retirement Income Benefit* 

The Guaranteed Retirement Income Benefit will terminate upon the earliest to occur of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Contract Anniversary immediately prior to the oldest Annuitant's 85th birthday or the tenth Contract Anniversary, if later;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the termination of the Contract for any reason; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the exercise of the Guaranteed Retirement Income Benefit.

*Qualified Plans* 

The use of the Guaranteed Retirement Income Benefit is limited in connection with its use under Qualified Plans, including an IRA, because of the minimum distribution requirements imposed by federal tax law on these plans. In general, if the Guaranteed Retirement Income Benefit is not exercised under a Qualified Plan while you are alive, your Beneficiary may be unable to exercise the benefit under the Guaranteed Retirement Income Benefit. Changes in federal tax laws may also limit a Beneficiary's ability to receive benefits under the Guaranteed Retirement Income Program.

You should consider that because (a) the Guaranteed Retirement Income Benefit may not be exercised until the 10th Contract Anniversary after its election and (b) the election of the Guaranteed Retirement Income Benefit is irrevocable, there can be circumstances under a Qualified Plan in which a Guaranteed Retirement Income Benefit fee (discussed above) will be imposed, even though the Guaranteed Retirement Income Benefit may not be exercised because of the restrictions imposed by the minimum distribution requirements. Please consult your own qualified tax professional.

In addition, the presence of an optional benefit, such as a Guaranteed Retirement Income Benefit, could affect the amount of the required minimum distribution that must be made under your Contract.

In order to comply with applicable federal income tax laws, in some circumstances, we will shorten the guarantee period under an Annuity Option so that it does not exceed the life expectancy of the Annuitant, or the joint life expectancy of the

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joint Annuitants, depending on the Annuity Option chosen. Once the guarantee period is shortened upon exercise of a Guaranteed Retirement Income Benefit, it will not be further reduced. The guarantee period will never be increased based on the life expectancy of the Annuitant or at any other time or due to any other event.

**Guaranteed Retirement Income Benefits do not provide Contract Value or guarantee performance of any Investment Option. Because this benefit is based on conservative actuarial factors, the level of lifetime income that it guarantees may often be less than the level that would be provided by application of Contract Value at current annuity factors. Therefore, Guaranteed Retirement Income Benefits should be regarded as a safety net. As described above under "Income Base," withdrawals will reduce the Guaranteed Retirement Income Benefit.** 

**Example GRIB II:** Assume you purchased a Contract with Guaranteed Retirement Income Benefit II with a single Purchase Payment of $100,000 when you were 65 years old on May 1, 2002. Assuming a withdrawal on May 1, 2006 for $10,000 and the Anniversary Values in the chart below, the Income Base that would be used if the Rider was elected on the 10<sup>th</sup> Anniversary would be $162,654.98.

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| | | | |
|:---|:---|:---|:---|
| **Date** | **Anniversary Value** | **Growth Factor Income Base** | **Step-up Income Base** |
| May 1, 2002 | &nbsp;&nbsp; $100000.00 | &nbsp;&nbsp; $100000.00 | &nbsp;&nbsp; $100000.00 |
| May 1, 2003 | &nbsp;&nbsp; $107000.00 | &nbsp;&nbsp; $106000.00 | &nbsp;&nbsp; $107000.00 |
| May 1, 2004 | &nbsp;&nbsp; $105000.00 | &nbsp;&nbsp; $112360.00 | &nbsp;&nbsp; $107000.00 |
| May 1, 2005 | &nbsp;&nbsp; $110000.00 | &nbsp;&nbsp; $119101.60 | &nbsp;&nbsp; $110000.00 |
| May 1, 2006 | &nbsp;&nbsp; $99000.00 | &nbsp;&nbsp; $114665.34 | &nbsp;&nbsp; $99908.26 |
| May 1, 2007 | &nbsp;&nbsp; $107000.00 | &nbsp;&nbsp; $121545.26 | &nbsp;&nbsp; $107000.00 |
| May 1, 2008 | &nbsp;&nbsp; $109000.00 | &nbsp;&nbsp; $128837.98 | &nbsp;&nbsp; $109000.00 |
| May 1, 2009 | &nbsp;&nbsp; $114000.00 | &nbsp;&nbsp; $136568.25 | &nbsp;&nbsp; $114000.00 |
| May 1, 2010 | &nbsp;&nbsp; $115000.00 | &nbsp;&nbsp; $144762.35 | &nbsp;&nbsp; $115000.00 |
| May 1, 2011 | &nbsp;&nbsp; $124000.00 | &nbsp;&nbsp; $153448.09 | &nbsp;&nbsp; $124000.00 |
| May 1, 2012 | &nbsp;&nbsp; $142000.00 | &nbsp;&nbsp; $162654.98 | &nbsp;&nbsp; $142000.00 |

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**Example GRIB III** *(not available in NY):* Assume you purchased a Contract with Guaranteed Retirement Income Benefit III with a single Purchase Payment of $100,000 when you were 65 years old on May 1, 2002. Assuming a withdrawal on May 1, 2007 for $5,000 and the Anniversary Values in the chart below, the Income Base that would be used if the Rider was elected on the 10<sup>th</sup> Anniversary would be $156,188.99.

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| | | | |
|:---|:---|:---|:---|
| **Date** | **Anniversary Value** | **Growth Factor Income Base** | **Step-up Income Base** |
| May 1, 2003 | &nbsp;&nbsp; $100000.00 | &nbsp;&nbsp; $100000.00 | &nbsp;&nbsp; $100000.00 |
| May 1, 2004 | &nbsp;&nbsp; $107000.00 | &nbsp;&nbsp; $105000.00 | &nbsp;&nbsp; $107000.00 |
| May 1, 2005 | &nbsp;&nbsp; $105000.00 | &nbsp;&nbsp; $110250.00 | &nbsp;&nbsp; $107000.00 |
| May 1, 2006 | &nbsp;&nbsp; $110000.00 | &nbsp;&nbsp; $115762.50 | &nbsp;&nbsp; $110000.00 |
| May 1, 2007 | &nbsp;&nbsp; $99000.00 | &nbsp;&nbsp; $116550.63 | &nbsp;&nbsp; $104711.54 |
| May 1, 2008 | &nbsp;&nbsp; $107000.00 | &nbsp;&nbsp; $122378.16 | &nbsp;&nbsp; $107000.00 |
| May 1, 2009 | &nbsp;&nbsp; $109000.00 | &nbsp;&nbsp; $128497.07 | &nbsp;&nbsp; $109000.00 |
| May 1, 2010 | &nbsp;&nbsp; $114000.00 | &nbsp;&nbsp; $134921.92 | &nbsp;&nbsp; $114000.00 |
| May 1, 2011 | &nbsp;&nbsp; $115000.00 | &nbsp;&nbsp; $141668.02 | &nbsp;&nbsp; $115000.00 |
| May 1, 2012 | &nbsp;&nbsp; $124000.00 | &nbsp;&nbsp; $148751.42 | &nbsp;&nbsp; $124000.00 |
| May 1, 2013 | &nbsp;&nbsp; $142000.00 | &nbsp;&nbsp; $156188.99 | &nbsp;&nbsp; $142000.00 |

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![](g808888img00acfd691.gif)

Our Statements of Additional Information provide additional information about the Contracts, including any optional benefit Riders and the Separate Accounts, including information on our history, services provided to the Separate Accounts and legal and regulatory matters. We filed the Statements of Additional Information with the SEC on the same date as this Prospectus, and incorporate them herein by reference. You may obtain a copy of the current Statements of Additional Information, request other information about the Contracts and make investor inquiries without charge upon request by contacting us at the Annuities Service Center shown below, on our website at www.johnhancock.com/annuities or by calling us at 1-800-344-1029.

We file periodic reports and other information about the Contract and the Separate Account as required under the federal securities laws. Those reports and other information about us are available on the SEC's website at http://www.sec.gov, and copies of reports and other information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

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| | | | |
|:---|:---|:---|:---|
| **JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)** | **JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)** | **JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK** | **JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK** |
| **John Hancock Annuities Service Center** | **John Hancock Annuities Service Center** | **John Hancock Annuities Service Center** | **John Hancock Annuities Service Center** |
| **Mailing Address** | **Overnight Mail Address** | **Mailing Address** | **Overnight Mail Address** |
| PO Box 55444<br> Boston, MA 02205-5444<br> www.johnhancock.com/annuities<br>| 372 University Ave – Suite 55444<br> Westwood, MA 02090<br> 1-800-344-1029<br>| PO Box 55445<br> Boston, MA 02205-5445<br> www.johnhancock.com/annuities<br>| 372 University Ave – Suite 55445<br> Westwood, MA 02090<br> 1-800-344-1029<br>|

---

**JHUSA Issued Contracts:** <br>1940 Act File No. 811-04113 <br>1933 Act File No. 333-333-70728 <br>EDGAR Contract Identifier No. C000007842, C000007843, C000007844, C000007845 <br>

<br>1940 Act File No. 811-04113 <br>1933 Act File No. 333-70730 <br>EDGAR Contract Identifier No. C000007840, C000007841 <br>

<br>**JHNY Issued Contracts:** <br>1940 Act File No. 811-06584 <br>1933 Act File No. 033-79112 <br>EDGAR Contract Identifier No. C000007850

------

![](g784990img311fb9a41.jpg)

**Statement of Additional Information** <br>**Dated April 27, 2026**

**JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT H**

This Statement of Additional Information is not a Prospectus. This Statement of Additional Information should be read in conjunction with the Prospectuses dated the same date as this Statement of Additional Information. This Statement of Additional Information describes additional information regarding the variable portion of the flexible purchase payment deferred combination fixed and variable annuity contracts (singly, a "Contract" and collectively, the "Contracts") issued by John Hancock Life Insurance Company (U.S.A.) ("John Hancock USA") in all jurisdictions except New York as follows:

**Prospectuses Issued by John Hancock USA** <br>*(to be read with this Statement of Additional Information)* 

---

| | |
|:---|:---|
| **Name of Policy (and SEC EDGAR Identifier #)** | **Name of Policy (and SEC EDGAR Identifier #)** |
| Venture Variable Annuity (C000007842, C000007843, <br> C000007844, C000007845, C000007840, C000007841)<br>| &nbsp;&nbsp; Venture Vision Variable Annuity (C000043115, <br> C000007837)<br>|
| Venture 4 Variable Annuity (C000081726) | &nbsp;&nbsp; Wealthmark Variable Annuity (C000007842, C000007843, <br> C000007844, C000007845, C000007840, C000007841)<br>|
| Venture III Variable Annuity (C000007846) | Wealthmark ML3 Variable Annuity (C000007846) |
| Venture Vantage Variable Annuity (C000007839) |  |

---

You may obtain a copy of the Prospectuses listed above by emailing us at Life_and_Annuities_Prospectuses@jhancock.com or contacting us at the following addresses:

**John Hancock Life Insurance Company (U.S.A.)** 

---

| | |
|:---|:---|
| **John Hancock Annuities Service Center** | **John Hancock Annuities Service Center** |
| **Overnight Mail Address** | **Mailing Address** |
| 372 University Ave, STE 55444<br> Westwood, MA 02090<br> 1-800-344-1029<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PO Box 55444<br> Boston, MA 02205-5444<br> www.johnhancock.com/annuities<br>|

---

------

**Table of Contents**

---

| | |
|:---|:---|
|  | **Page No.** |
| [General Information and History](#xx_560b6c8e-0c73-444a-a989-708e35d6b87b_1) | 1  |
| [Services](#xx_560b6c8e-0c73-444a-a989-708e35d6b87b_1) | 1  |
| &nbsp;&nbsp;&nbsp; [Independent Registered Public Accounting Firm](#xx_560b6c8e-0c73-444a-a989-708e35d6b87b_1) | 1  |
| &nbsp;&nbsp;&nbsp; [Servicing Agent](#xx_560b6c8e-0c73-444a-a989-708e35d6b87b_1) | 1  |
| &nbsp;&nbsp;&nbsp; [Principal Underwriter](#xx_560b6c8e-0c73-444a-a989-708e35d6b87b_2) | 2  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Special Compensation and Reimbursement Arrangements](#xx_560b6c8e-0c73-444a-a989-708e35d6b87b_2) | 2  |

---

------

**General Information and History**

JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT H (the "Separate Account" or the "Registrant") is a separate investment account of John Hancock Life Insurance Company (U.S.A.) ("we," "us," "the Company," or "John Hancock USA") (formerly, The Manufacturers Life Insurance Company (U.S.A.). We are a stock life insurance company organized under the laws of Maine on August 20, 1955 by a special act of the Maine legislature. John Hancock USA redomesticated under the laws of Michigan on December 30, 1992. Our Michigan office is located at 201 Townsend Street, Suite 900, Lansing, Michigan 48933. Our principal office is located at 200 Berkeley Street, Boston, Massachusetts 02116. John Hancock USA also has an Annuities Service Center – its mailing address is P.O. Box 55444, Boston, MA 02205-5444; its overnight mail address is 372 University Ave – Suite 55444, Westwood, MA 02090; and its website address is www.johnhancock.com/annuities. The ultimate parent of John Hancock USA is Manulife Financial Corporation ("MFC") based in Toronto, Canada. MFC is the holding company of The Manufacturers Life Insurance Company and its subsidiaries, collectively known as Manulife.

The Separate Account was established on August 24, 1984 as a separate account of The Manufacturers Life Insurance Company of North America ("Manulife North America"), another wholly-owned subsidiary of MFC which on January 1, 2002 merged into the Company. As a result of this merger, the Company became the owner of all of Manulife North America's assets, including the assets of the Separate Account and assumed all of Manulife North America's obligations including those under the Contracts. The merger had no other effect on the terms and conditions of the Contracts or on your allocations among Investment Options. The Separate Account meets the definition of "separate account" under the Federal securities laws and is registered as a unit investment trust under the Investment Company Act of 1940 ("1940 Act"). Such registration does not involve supervision by the Securities and Exchange Commission ("SEC") of the management of the Separate Account or of the Depositor.

Our financial statements which are included in this Statement of Additional Information should be considered only as bearing on our ability to meet our obligations under the Contracts. They should not be considered as bearing on the investment performance of the assets held in the Separate Account.

**Services**

**Independent Registered Public Accounting Firm**

The statutory-basis financial statements of John Hancock Life Insurance Company (U.S.A.) as of December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, [incorporated in this SAI by reference to](https://www.sec.gov/Archives/edgar/data/753892/000119312526156861/d25114dnvpfs.htm)[report on Form N-VPFS](https://www.sec.gov/Archives/edgar/data/753892/000119312526156861/d25114dnvpfs.htm) filed April 15, 2026, have been audited by Ernst & Young LLP, independent auditors, as set forth in their report thereon, and are incorporated by reference in reliance upon such report given on the authority of such firm as experts in auditing and accounting.

The financial statements of JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT H (File No. 811-04113) as of December 31 2025, and for the two years in the period then ended, [incorporated in this SAI by reference to](https://www.sec.gov/Archives/edgar/data/753892/000119312526156861/d25114dnvpfs.htm)[report on Form N-VPFS](https://www.sec.gov/Archives/edgar/data/753892/000119312526156861/d25114dnvpfs.htm) filed April 15, 2026, have been audited by Ernst & Young LLP, independent registered public accounting firm, as set forth in their report thereon, and are incorporated by reference in reliance upon such report given on the authority of such firm as experts in auditing and accounting.

The business address of Ernst & Young LLP is 200 Clarendon Street, Boston, Massachusetts, 02116.

**Servicing Agent**

DXC Technology provides to us a computerized data processing recordkeeping system for variable and fixed annuity administration. DXC provides various daily, semimonthly, monthly, semiannual and annual reports including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• daily updates on accumulation unit values, variable annuity participants and transactions, and agent production and commissions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• weekly commission statements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• monthly summaries of agent production and daily transaction reports;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• semiannual statements for Contract Owners; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• annual Contract Owner tax reports.

------

We paid DXC $3.60 million for 2023, $4.70 million for 2024, and $3.80 million for 2025, plus certain other fees for the services provided.

**Principal Underwriter**

John Hancock Distributors, LLC ("JH Distributors"), an indirect wholly owned subsidiary of MFC, serves as principal underwriter of the Contracts. Contracts are offered on a continuous basis. The aggregate dollar amounts of underwriting commissions paid to JH Distributors in 2025, 2024, and 2023, were $121,155,514, $129,999,024, and $127,818,295, respectively. JH Distributors did not retain any of these amounts during such periods.

*Special Compensation and Reimbursement Arrangements*

The Contracts are primarily sold through selected firms. The Contracts' principal distributor, JH Distributors, and its affiliates (collectively, "JHD") pay compensation to broker-dealers (firms) for the promotion, sale and servicing of the Contracts. The compensation JHD pays may vary depending on each firm's selling agreement and the specific Contract(s) distributed by the firm, but compensation (inclusive of wholesaler overrides and expense allowances) paid to the firms for sale of the Contracts and ongoing services to Contract Owners is not expected to exceed the standard compensation amounts referenced in the Prospectus for the applicable Contract. The amount and timing of this compensation may differ among firms.

The financial advisor through whom your Contract is sold is a registered representative of a broker-dealer, and as such will be compensated pursuant to that registered representative's own arrangement with his or her broker-dealer. The registered representative and the firm may have multiple options on how they wish to allocate their commissions and/or compensation. We are not involved in determining your financial advisor's compensation. You are encouraged to ask your financial advisor about the basis upon which he or she will be personally compensated for the advice or recommendations provided in connection with the sale of your Contract.

Compensation to firms for the promotion, sale and servicing of the Contracts is not paid directly by Contract Owners, but we expect to recoup it through the fees and charges imposed under the Contract.

We may, directly or through JHD, make additional payments to firms, either from 12b-1 distribution fees received from the Contracts' underlying investment Portfolios or out of our own resources. These payments are sometimes referred to as "revenue sharing." Revenue sharing expenses are any payments made to broker-dealers or other intermediaries to either (i) compensate the intermediary for expenses incurred in connection with the promotion and/or sale of John Hancock investment products, or (ii) obtain promotional and/or distribution services for John Hancock investment products. Many firms that sell the Contracts receive one or more types of these cash payments. During 2012, we terminated these revenue sharing arrangements with broker-dealers with respect to the sale of John Hancock's annuity contracts, although a small number of firms will continue to receive revenue sharing payments in accordance with the terms of certain agreements with these particular firms.

We are among several insurance companies that pay additional payments to certain firms to receive "preferred" or recommended status. These privileges include: additional or special access to sales staff; opportunities to provide and/or attend training and other conferences; advantageous placement of our products on customer lists ("shelf-space arrangements"); and other improvements in sales by featuring our products over others.

Revenue sharing payments assisted in our efforts to promote the sale of the Contracts and could be significant to a firm. Not all firms, however, received additional compensation. We determined which firms to support and the extent of the payments we were willing to make, and generally choose to compensate firms that were willing to cooperate with our promotional efforts and have a strong capability to distribute the Contracts. We did not make an independent assessment of the cost of providing such services. Instead, we agreed with the firm on the methods for calculating any additional compensation. The methods, which vary by firm and are further described below, may have included different categories to measure the amount of revenue sharing payments, such as the level of sales, assets attributable to the firm and the variable annuity contracts covered under the arrangement (including contracts issued by any of our affiliates). The categories of revenue sharing payments that we may provide to firms, directly or through JHD, are not mutually exclusive and may vary from Contract to Contract. We or our affiliates may make additional types of revenue sharing payments for other products, and may enter into new revenue sharing arrangements in the future.

------

The following list includes the names of member firms of the Financial Industry Regulatory Authority ("FINRA") (or their affiliated broker-dealers) that we are aware (as of December 31, 2025) received a revenue sharing payment of more than $5,000 with respect to annuity business during the latest calendar year:

**Name of Firm** 

---

| |
|:---|
| **DISTRIBUTOR** |
| Edward Jones Co., L.P. |
| Morgan Stanley Smith Barney Network |
| UBS Financial Services, Inc. |

---

Your registered representative can provide you with more information about the compensation arrangements that apply upon the sale of a variable annuity contract.

Inclusion on this list does not imply that these sums necessarily constitute "special cash compensation" as defined by FINRA Conduct Rule 2341(l)(4). We will endeavor to update this listing annually; interim arrangements may not be reflected. We assume no duty to notify any investor whether his or her registered representative is or should be included in any such listing. You are encouraged to review the prospectus for each Portfolio for any other compensation arrangements pertaining to the distribution of Portfolio shares.

We may, directly or through JHD, also have arrangements with intermediaries that are not members of FINRA.

*Sales and Asset Based Payments*

We may, directly or through JHD, make or have made revenue sharing payments as incentives to certain firms for promotion and sale of the Contracts. In consideration for revenue sharing, a firm may have featured the Contracts in its sales system or given us additional access to members of its sales force or management. In addition, a firm may have agreed to participate in our marketing efforts by allowing us to participate in conferences, seminars or other programs attended by the firm's sales force. Although a firm may seek revenue sharing payments to offset costs incurred by the firm in servicing its clients that have purchased the Contracts, the firm may earn a profit on these payments. Revenue sharing payments may have provided a firm with an incentive to favor the Contracts in its sales efforts.

The revenue sharing payments we make may be calculated on sales of our products by the firm ("Sales-Based Payments"). These payments are based upon a percentage of the total amount of money received, or anticipated to be received, for sales through a firm of some or all of the insurance products that we and/or our affiliates offer. We make these payments on a periodic basis.

Such payments also may be calculated based upon the "assets under management" attributable to a particular firm ("Asset-Based Payments"). These payments are based upon a percentage of the contract value of some or all of our (and/or our affiliates') insurance products that were sold through the firm. We make these payments on a periodic basis.

Sales-Based Payments primarily created incentives to make new sales of our insurance products and Asset-Based Payments primarily create incentives to service and maintain previously sold Contracts. We may pay or have paid a firm either or both Sales-Based Payments and Asset-Based Payments.

*Administrative and Processing Support Payments*

We may, directly or through JHD, also make payments to certain firms that sell our products for certain administrative services, including record keeping and sub-accounting Contract Owner accounts, and in connection with account maintenance support, statement preparation and transaction processing. The types of payments that we may make under this category include, among others, payment of ticket charges per purchase or exchange order placed by a firm, payment of networking fees in connection with certain mutual fund trading systems, or one-time payments for ancillary services such as setting up funds on a firm's mutual fund trading system.

*Other Payments*

We may, directly or through JHD, also provide, either from the 12b-1 distribution fees received from the Portfolios underlying the Contracts or out of our own resources, additional compensation to firms that sell or arrange for the sale of Contracts. Such compensation may have included seminars for the public, advertising and sales campaigns regarding the

------

Contracts to assist a firm in connection with its systems, operations and marketing expenses, or for other activities of a selling firm or wholesaler. We may have contributed to, as well as sponsored, various educational programs, sales contests and/or promotions in which participating firms and their sales persons may have received prizes such as merchandise, cash, or other awards.

Other compensation may be offered to the extent not prohibited by federal or state laws or any self-regulatory agency, such as FINRA. We make payments for entertainment events we deem appropriate, subject to our guidelines and applicable law. These payments may vary widely, depending upon the nature of the event or the relationship. We may make these payments upon the initiation of a relationship with a firm, and at any time thereafter.

We may have other relationships with firms relating to the provisions of services to the Contracts, such as providing omnibus account services, transaction processing services, or effecting portfolio transactions for Portfolios. If a firm provides these services, we may compensate the firm for these services. In addition, a firm may have other compensated or uncompensated relationships with us that are not related to the Contracts.

------

**PART C** <br>**OTHER INFORMATION**

*Item 27. Exhibits*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) &nbsp;&nbsp;&nbsp;&nbsp;(i) [Resolution of the Board of Directors of Manufacturers Life Insurance Company (U.S.A.) establishing The](https://www.sec.gov/Archives/edgar/data/753892/000095013502000007/b41396a1ex99-b1i.txt)[Manufacturers Life Insurance Company Separate Account H – Incorporated by reference to Exhibit (1)(i) to](https://www.sec.gov/Archives/edgar/data/753892/000095013502000007/b41396a1ex99-b1i.txt)[pre-effective amendment no. 1 to this registration statement, file number 333-70728, filed January 2, 2002](https://www.sec.gov/Archives/edgar/data/753892/000095013502000007/b41396a1ex99-b1i.txt)[(the "Pre-Effective Amendment")](https://www.sec.gov/Archives/edgar/data/753892/000095013502000007/b41396a1ex99-b1i.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Agreements for custody of securities and similar investments – NOT APPLICABLE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) &nbsp;&nbsp;&nbsp;&nbsp;(i) [Underwriting Agreement dated August 10, 1995—Incorporated by reference to Exhibit (b)(3)(i) to Form](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)[N-4, file number 033-76162, filed February 25, 1998.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) [Distribution and Servicing Agreement dated February 17, 2009, incorporated by reference to Exhibit](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx3yxiiy.txt)[24(b)(3)(ii) to Post-Effective Amendment No. 31 to Registration Statement, File No. 333-70728, filed on](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx3yxiiy.txt)[April 30, 2009.](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx3yxiiy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) [General Agent and Broker Dealer Selling Agreement, incorporated by reference to Exhibit 24(b)(3)(iii) to](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx3yxiiiy.txt)[Post-Effective Amendment No. 31 to Registration Statement, File No. 333-70728, filed on April 30, 2009.](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx3yxiiiy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) &nbsp;&nbsp;&nbsp;&nbsp;(i) &nbsp;&nbsp;&nbsp;&nbsp;(A) [Form of Specimen Flexible Purchase Payment Individual Deferred Variable Annuity Contract, Non-](https://www.sec.gov/Archives/edgar/data/753892/0000950135-97-002063.txt)[Participating (v20/21) – Incorporated by reference to Exhibit (b)(4)(i)(A) to post-effective](https://www.sec.gov/Archives/edgar/data/753892/0000950135-97-002063.txt)[amendment no. 4 to registration statement on Form N-4 (file no. 033-76162) filed April 7, 1997.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-97-002063.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) [Form of Specimen Income Plus for Life Rider, incorporated by reference to Exhibit 24. (b)4(i)(B) to](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxby.txt)[Post-Effective Amendment No. 24 to the Registration Statement, File No. 333-70728, filed on April](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxby.txt)[28, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxby.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) [Form of Specimen Income Plus for Life—Joint Life Rider, incorporated by reference to Exhibit 24.](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxcy.txt)[(b)4(i)(C) to Post-Effective Amendment No. 24 to the Registration Statement, File No. 333-70728,](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxcy.txt)[filed on April 28, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxcy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) [Form of Specimen Principal Plus for Life Rider, incorporated by reference to Exhibit 24. (b)4(i)(D) to](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxdy.txt)[Post-Effective Amendment No. 24 to the Registration Statement, File No. 333-70728, filed on April](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxdy.txt)[28, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxdy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) [Form of Specimen Principal Plus for Life Plus Annual Automatic Step-up Rider, incorporated by](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxey.txt)[reference to Exhibit 24. (b)4(i)(E) to Post-Effective Amendment No. 24 to the Registration Statement,](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxey.txt)[File No. 333-70728, filed on April 28, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxey.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) [Form of Specimen Principal Returns Rider, incorporated by reference to Exhibit 24. (b)4(i)(F) to](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxfy.txt)[Post-Effective Amendment No. 24 to the Registration Statement, File No. 333-70728, filed on April](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxfy.txt)[28, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxfy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G) [Form of Specimen Annual Step Death Benefit Rider, incorporated by reference to Exhibit 24.](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxgy.txt)[(b)4(i)(G) to Post-Effective Amendment No. 24 to the Registration Statement, File No. 333-70728,](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxgy.txt)[filed on April 28, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx4yxiyxgy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) &nbsp;&nbsp;&nbsp;&nbsp;(B) [Form of Specimen Flexible Purchase Payment Individual Deferred Variable Annuity Contract, Non-](https://www.sec.gov/Archives/edgar/data/753892/0000950135-97-002063.txt)[Participating (v7) –Incorporated by reference to Exhibit (b)(4)(i)(B) to post-effective amendment no.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-97-002063.txt)[4 to registration statement on Form N-4 (file no. 033-76162) filed April 7, 1997.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-97-002063.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) [Form of Specimen Death Benefit Endorsement to Flexible Purchase Payment Individual Deferred](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)[Variable Annuity Contract, Non-Participating (v7)—Previously filed as Exhibit (b)(4)(ii)(B)(1) to](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)[post-effective amendment no. 4 to Form N-4 (file no. 033-76162) filed February 25, 1998.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) [Form of Specimen Endorsements to Contract (v7): (i) Individual Retirement Annuity Endorsement;](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)[(ii) Retirement Equity Act Endorsement; (iii) Tax-sheltered Annuity Endorsement; (iv) Qualified Plan](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)[Endorsement Section 401 Plans—Previously filed as Exhibit (b)(4)(ii)(B)(2) to post-effective](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)[amendment no. 4 to Form N-4 (file no. 033-76162) filed February 25, 1998.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) [Form of Specimen Death Benefit Endorsement to Venture 3 Contract, Non-](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)[Participating—Previously filed as Exhibit (b)(4)(ii)(C) to post-effective amendment no. 4 to Form](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)[N-4 (file no. 033-76162) filed February 25, 1998.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) [Form of Fixed Account Endorsement (v20/21) – Previously filed as Exhibit (b)(4)(ii)(E) to post-](https://www.sec.gov/Archives/edgar/data/753892/0000950135-99-001134.txt)[effective amendment no. 6 to Form N-4 (file no. 033-76162) filed March 1, 1999.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-99-001134.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) [Form of Roth Individual Retirement Annuity Endorsement – Previously filed as Exhibit (b)(4)(ii)(F)](https://www.sec.gov/Archives/edgar/data/753892/0000950135-99-001134.txt)[to post-effective amendment no. 6 to Form N-4 (file no. 033-76162) filed March 1, 1999.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-99-001134.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) [Form of Guaranteed Income Rider (v20/21)—Previously filed as Exhibit (b)(4)(iii) to post-effective](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)[amendment no. 4 to Form N-4 (file no. 033-76162) filed February 25, 1998.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001165.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) [Form of Specimen Income Plus for Life (Quarterly Step-up Review) Rider (BR001NQ.08), incorporated by](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxivy.txt)[reference to Exhibit 24.(b)(4)(iv) to Post-Effective Amendment No. 27 to Registration Statement, File No.](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxivy.txt)[333-70728, filed on June 13, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxivy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) [Form of Specimen Income Plus for Life (Quarterly Step-up Review) Rider (BR001Q.08), incorporated by](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxvy.txt)[reference to Exhibit 24.(b)(4)(v) to Post-Effective Amendment No. 27 to Registration Statement, File No.](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxvy.txt)[333-70728, filed on June 13, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxvy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) [Form of Specimen Income Plus for Life (Quarterly Step-up Review) Rider (BR002NQ.08), incorporated by](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxviy.txt)[reference to Exhibit 24.(b)(4)(vi) to Post-Effective Amendment No. 27 to Registration Statement, File No.](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxviy.txt)[333-70728, filed on June 13, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxviy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) [Form of Specimen Income Plus for Life (Quarterly Step-up Review) Rider (BR002Q.08), incorporated by](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxviiy.txt)[reference to Exhibit 24.(b)(4)(vii) to Post-Effective Amendment No. 27 to Registration Statement, File No.](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxviiy.txt)[333-70728, filed on June 13, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx4yxviiy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) [Form of Specimen Principal Plus for Life Rider Series Endorsement Terminating the Principal Plus for Life](https://www.sec.gov/Archives/edgar/data/753892/000119312520118292/d915662dex9924b4xii.htm)[Rider and All In Force Guaranteed Minimum Death Benefits Provided Under Such Rider](https://www.sec.gov/Archives/edgar/data/753892/000119312520118292/d915662dex9924b4xii.htm)[(END.PPFLOFFER 0719), incorporated by reference to Exhibit \[specific to the 333-70728 Part C\] to Post-](https://www.sec.gov/Archives/edgar/data/753892/000119312520118292/d915662dex9924b4xii.htm)[Effective Amendment No. 50 to Registration Statement, File No. 333-70728, filed on April 24, 2020.](https://www.sec.gov/Archives/edgar/data/753892/000119312520118292/d915662dex9924b4xii.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) &nbsp;&nbsp;&nbsp;&nbsp;(i) [Form of Specimen Application for Flexible Purchase Payment Individual Deferred Combination Fixed and](https://www.sec.gov/Archives/edgar/data/753892/000095013500001129/0000950135-00-001129.txt)[Variable Annuity Contract, Non-Participating—Incorporated by reference to Exhibit (b)(5)(i) to post](https://www.sec.gov/Archives/edgar/data/753892/000095013500001129/0000950135-00-001129.txt)[effective amendment 5 to file number 333-24657, filed February 28, 2000.](https://www.sec.gov/Archives/edgar/data/753892/000095013500001129/0000950135-00-001129.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) [Form of Specimen Application for Flexible Purchase Payment Individual Deferred Combination Fixed and](https://www.sec.gov/Archives/edgar/data/753892/0000950135-99-001134.txt)[Variable Annuity Contract (VENTURE.APP.009.98) – Incorporated by reference to Exhibit (b)(5)(i) to](https://www.sec.gov/Archives/edgar/data/753892/0000950135-99-001134.txt)[post-effective amendment no. 3 to this registration statement, filed March 1, 1999.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-99-001134.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) [Form of Specimen Flexible Payment Deferred Variable Annuity Application for Venture (APPVEN0507),](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx5yxiiiy.txt)[incorporated by reference to Exhibit 24.(b)(5)(iii) to Post-Effective Amendment No. 27 to Registration](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx5yxiiiy.txt)[Statement, File No. 333-70728, filed on June 13, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508004356/b70229a1exv99w24xbyx5yxiiiy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) &nbsp;&nbsp;&nbsp;&nbsp;(i) [Restated Articles of Redomestication of The Manufacturers Life Insurance Company (U.S.A.) –](https://www.sec.gov/Archives/edgar/data/1119653/000095013500003600/ex99-a6a.txt)[Incorporated by reference to Exhibit A(6) to the registration statement on Form S-6 filed July 20, 2000 (File](https://www.sec.gov/Archives/edgar/data/1119653/000095013500003600/ex99-a6a.txt)[No. 333-41814).](https://www.sec.gov/Archives/edgar/data/1119653/000095013500003600/ex99-a6a.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) [Certificate of Amendment to Certificate of Incorporation of the Company, Name Change July 1984—](https://www.sec.gov/Archives/edgar/data/763099/0000950135-97-004601.txt)[Incorporated by reference to Exhibit (3)(i)(a) to Form 10Q of The Manufacturers Life Insurance Company](https://www.sec.gov/Archives/edgar/data/763099/0000950135-97-004601.txt)[of North America, filed November 14, 1997.](https://www.sec.gov/Archives/edgar/data/763099/0000950135-97-004601.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) [Certificate of Amendment to Certificate of Incorporation of the Company changing its name to John](https://www.sec.gov/Archives/edgar/data/753892/000095013507002638/b63294a1exv99w24xbyx6yxiiiy.txt)[Hancock Life Insurance Company (U.S.A.) effective January 1, 2005 – Incorporated by reference to Exhibit](https://www.sec.gov/Archives/edgar/data/753892/000095013507002638/b63294a1exv99w24xbyx6yxiiiy.txt)[(b)(6)(iii) to Form N-4, file no. 333-70728, filed May 1, 2007.](https://www.sec.gov/Archives/edgar/data/753892/000095013507002638/b63294a1exv99w24xbyx6yxiiiy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) [By-laws of The Manufacturers Life Insurance Company (U.S.A.) – Incorporated by reference to Exhibit](https://www.sec.gov/Archives/edgar/data/1119653/000095013500003600/ex99-a6b.txt)[A(6)(b) to the registration statement on Form S-6 filed July 20, 2000 (File No. 333-41814).](https://www.sec.gov/Archives/edgar/data/1119653/000095013500003600/ex99-a6b.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) [Amendment to By-Laws reflecting the Company's name change to John Hancock Life Insurance Company](https://www.sec.gov/Archives/edgar/data/753892/000095013507002638/b63294a1exv99w24xbyx6yxvy.txt)[(U.S.A.) effective January 1, 2005 – Incorporated by reference to Exhibit (b)(6)(v) to Form N-4. File No.](https://www.sec.gov/Archives/edgar/data/753892/000095013507002638/b63294a1exv99w24xbyx6yxvy.txt)[333-70728, filed May 1, 2007.](https://www.sec.gov/Archives/edgar/data/753892/000095013507002638/b63294a1exv99w24xbyx6yxvy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) [Amended and Restated By-Laws of John Hancock Life Insurance Company (U.S.A.) effective June 15,](https://www.sec.gov/Archives/edgar/data/753892/000095012310102198/b83150a1exv99w24xbyx6yxviy.txt)[2010, incorporated by reference to Exhibit 24(b)(6)(vi) to Registration Statement, File No. 333-70728, filed](https://www.sec.gov/Archives/edgar/data/753892/000095012310102198/b83150a1exv99w24xbyx6yxviy.txt)[November 5, 2010.](https://www.sec.gov/Archives/edgar/data/753892/000095012310102198/b83150a1exv99w24xbyx6yxviy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) [Amended and Restated Articles of Redomestication and Articles of Incorporation of John Hancock Life](https://www.sec.gov/Archives/edgar/data/753892/000095012310102198/b83150a1exv99w24xbyx6yxviiy.txt)[Insurance Company (U.S.A.) effective July 26, 2010, incorporated by reference to Exhibit 24(b)(6)(vii) to](https://www.sec.gov/Archives/edgar/data/753892/000095012310102198/b83150a1exv99w24xbyx6yxviiy.txt)[Registration Statement, File No. 333-70728, filed November 5, 2010.](https://www.sec.gov/Archives/edgar/data/753892/000095012310102198/b83150a1exv99w24xbyx6yxviiy.txt)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) [Amended and Restated By-Laws of John Hancock Life Insurance Company (U.S.A.) dated October 23,](https://www.sec.gov/Archives/edgar/data/753892/000119312513017021/d465788dex9924b68.htm)[2012, incorporated by reference to Exhibit 24(b)(6)(viii) to Post-Effective Amendment No. 6 to](https://www.sec.gov/Archives/edgar/data/753892/000119312513017021/d465788dex9924b68.htm)[Registration Statement File No. 333-162245, filed January 18, 2013.](https://www.sec.gov/Archives/edgar/data/753892/000119312513017021/d465788dex9924b68.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) &nbsp;&nbsp;&nbsp;&nbsp;(i) [Form of Variable Annuity Reinsurance Agreement Contract with Connecticut General Life Insurance](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001190.txt)[Company, effective July 1, 1997 —Incorporated by reference to Exhibit (b) (7) (i) to the registration](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001190.txt)[statement filed February 26, 1998.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001190.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) [Form of Automatic Reinsurance Agreement with Swiss Re Life & Health America Inc., effective August 1,](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001190.txt)[1997 –Incorporated by reference to Exhibit (b) (7) (ii) to this registration statement.](https://www.sec.gov/Archives/edgar/data/753892/0000950135-98-001190.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) [Amended and Restated Reinsurance Agreement between John Hancock Life Insurance Company (U.S.A.)](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxfy.txt)[and Manulife Reinsurance (Bermuda) Limited, effective October 1, 2008, incorporated by reference to](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxfy.txt)[Exhibit 24(b)(7)(f) to Post-Effective Amendment No. 31 to Registration Statement, File No. 333-70728,](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxfy.txt)[filed on April 30, 2009. \[Portions of this exhibit have been omitted pursuant to an Order Granting](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxfy.txt)[Confidential Treatment granted by the SEC on April 3, 2019.\]](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxfy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) [Form of Coinsurance Agreement with Peoples Security Life Insurance Company, effective June 30, 1995](https://www.sec.gov/Archives/edgar/data/763099/0000950135-97-000272.txt)[–Incorporated by reference to Exhibit 10(iv) to pre-effective amendment No. 1 to Form S-1, file number](https://www.sec.gov/Archives/edgar/data/763099/0000950135-97-000272.txt)[333-06011 filed January 29, 1997.](https://www.sec.gov/Archives/edgar/data/763099/0000950135-97-000272.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) [Form of Automatic Reinsurance Agreement (Agreement 2000-14) with AXA Re Life Insurance Company,](https://www.sec.gov/Archives/edgar/data/753892/000095013502000007/b41396a1ex99-b7v.txt)[effective May 1, 2000. – Incorporated by reference to Exhibit (7) (v) to the Pre-Effective Amendment.](https://www.sec.gov/Archives/edgar/data/753892/000095013502000007/b41396a1ex99-b7v.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) [Form of Amendment No. 1 to Automatic Reinsurance Agreement (Agreement 2000-14) dated May 1,](https://www.sec.gov/Archives/edgar/data/753892/000095013502002251/b42578bpex99-7bvi.txt)[2000 with AXA Re Life Insurance Company, Incorporated by reference to Exhibit (7) (v)(i) to post-](https://www.sec.gov/Archives/edgar/data/753892/000095013502002251/b42578bpex99-7bvi.txt)[effective amendment no. 1 to Form N-4, filed number 333-70728, filed April 29, 2002 (the "Post-](https://www.sec.gov/Archives/edgar/data/753892/000095013502002251/b42578bpex99-7bvi.txt)[Effective Amendment No. 1").](https://www.sec.gov/Archives/edgar/data/753892/000095013502002251/b42578bpex99-7bvi.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) [Form of Amendment No. 2 to Automatic Reinsurance Agreement (Agreement 2000-14 dated May 1,](https://www.sec.gov/Archives/edgar/data/753892/000095013502002251/b42578bpex99-7bv_ii.txt)[2000 with AXA Re Life Insurance Company. Incorporated by reference to Exhibit (7)(v)(ii) to Post](https://www.sec.gov/Archives/edgar/data/753892/000095013502002251/b42578bpex99-7bv_ii.txt)[Effective Amendment No. 1.](https://www.sec.gov/Archives/edgar/data/753892/000095013502002251/b42578bpex99-7bv_ii.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) [Form of Amendment No. 3 to Automatic Reinsurance Agreement (Agreement 2000-14) dated May 1,](https://www.sec.gov/Archives/edgar/data/753892/000095013502002251/b42578bpex99-7bv_iii.txt)[2000 with AXA Re Life Insurance Company, Incorporated by reference to Exhibit (7)(v)(iii) to Post](https://www.sec.gov/Archives/edgar/data/753892/000095013502002251/b42578bpex99-7bv_iii.txt)[Effective Amendment No. 1.](https://www.sec.gov/Archives/edgar/data/753892/000095013502002251/b42578bpex99-7bv_iii.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) [Form of Automatic Reinsurance Agreement (Agreement 2000-21) with AXA Re Life Insurance Company](https://www.sec.gov/Archives/edgar/data/753892/000095013502002250/b42578b2ex99-7bvvi.txt)[now known as AXA Corporate Solutions Life Reinsurance Company, effective August 15, 2000.](https://www.sec.gov/Archives/edgar/data/753892/000095013502002250/b42578b2ex99-7bvvi.txt)[Incorporated by reference to Exhibit (7) (vi) to Post Effective Amendment No. 1.](https://www.sec.gov/Archives/edgar/data/753892/000095013502002250/b42578b2ex99-7bvvi.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) [Form of Automatic Reinsurance Agreement (Agreement 2001-41) with AXA Corporate Solutions Life](https://www.sec.gov/Archives/edgar/data/753892/000095013502002250/b42578b2ex99-7bvii.txt)[Reinsurance Company, effective January 29, 2001. Incorporated by reference to Exhibit (7) (vii) to Post](https://www.sec.gov/Archives/edgar/data/753892/000095013502002250/b42578b2ex99-7bvii.txt)[Effective Amendment No. 1.](https://www.sec.gov/Archives/edgar/data/753892/000095013502002250/b42578b2ex99-7bvii.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) [Automatic Reinsurance Agreement No. 2001-47 between John Hancock Life Insurance Company (U.S.A.)](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyxiy.txt)[(formerly The Manufacturers Life Insurance Company of North America) and AXA Corporate Solutions](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyxiy.txt)[Life Reinsurance Company, incorporated by reference to Exhibit 24(b)(7)(c)(i) to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyxiy.txt)[Amendment No. 31 to Registration Statement, File No. 333-70728, filed on April 30, 2009. \[Portions of](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyxiy.txt)[this exhibit have been omitted pursuant to an Order Granting Confidential Treatment granted by the SEC on](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyxiy.txt)[April 3, 2019.\]](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyxiy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) [Automatic Reinsurance Agreement No. 2001-48 between John Hancock Life Insurance Company (U.S.A.)](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyii.txt)[(formerly The Manufacturers Life Insurance Company of North America) and AXA Corporate Solutions](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyii.txt)[Life Reinsurance Company, incorporated by reference to Exhibit 24(b)(7)(c)(ii) to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyii.txt)[Amendment No. 31 to Registration Statement, File No. 333-70728, filed on April 30, 2009. \[Portions of](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyii.txt)[this exhibit have been omitted pursuant to an Order Granting Confidential Treatment granted by the SEC on](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyii.txt)[April 3, 2019.\]](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx7yxcyii.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) [Agreement for Partial Recapture of the Amended and Restated Indemnity Variable Annuity Reinsurance](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gx.htm)[Agreement Reference #8003 between John Hancock Life Insurance Company (U.S.A.) and Manulife](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gx.htm)[Reinsurance (Bermuda) Limited dated November 15, 2021. CERTAIN INFORMATION (INDICATED BY](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gx.htm)[\[\*\*\*\]) HAS BEEN EXCLUDED FROM THE VERSION OF THIS DOCUMENT FILED AS AN EHIBIT](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gx.htm)[BECAUSE IT IS BOTH NOT MATERIAL AND A TYPE OF INFORMATION THAT THE](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gx.htm)

------

[REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. Incorporated by reference to Exhibit](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gx.htm)[27(g)(x) to Post-Effective Amendment No. 41, File No. 333-70730, filed with the Commission on April 22,](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gx.htm)[2022.](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gx.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) [Coinsurance and Modified Coinsurance Agreement between John Hancock Life Insurance Company](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gxi.htm)[(U.S.A.) and Corporate Solutions Life Reinsurance Company dated February 1, 2022. CERTAIN](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gxi.htm)[INFORMATION (INDICATED BY \[\*\*\*\]) HAS BEEN EXCLUDED FROM THE VERSION OF THIS](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gxi.htm)[DOCUMENT FILED AS AN EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND A TYPE OF](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gxi.htm)[INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. Incorporated](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gxi.htm)[by reference to Exhibit 27(g)(xi) to Post-Effective Amendment No. 41, File No. 333-70730, filed with the](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gxi.htm)[Commission on April 22, 2022.](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927gxi.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) [Agreement to Amend and Supplement the Coinsurance and Modified Coinsurance Agreement and](https://www.sec.gov/Archives/edgar/data/753892/000119312523112364/d453616dex9927gxii.htm)[Principal Transaction Agreement dated October 3, 2022. CERTAIN INFORMATION (INDICATED BY](https://www.sec.gov/Archives/edgar/data/753892/000119312523112364/d453616dex9927gxii.htm)["\[\*\*\*\]") HAS BEEN EXCLUDED FROM THE VERSION OF THIS DOCUMENT FILED AS AN](https://www.sec.gov/Archives/edgar/data/753892/000119312523112364/d453616dex9927gxii.htm)[EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND A TYPE OF INFORMATION THAT THE](https://www.sec.gov/Archives/edgar/data/753892/000119312523112364/d453616dex9927gxii.htm)[REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. Incorporated by reference to Exhibit](https://www.sec.gov/Archives/edgar/data/753892/000119312523112364/d453616dex9927gxii.htm)[27(g)(xii) to Post-Effective Amendment No. 42, File No. 333-70730, filed with the Commission on April](https://www.sec.gov/Archives/edgar/data/753892/000119312523112364/d453616dex9927gxii.htm)[24, 2023.](https://www.sec.gov/Archives/edgar/data/753892/000119312523112364/d453616dex9927gxii.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) &nbsp;&nbsp;&nbsp;&nbsp;(A) [Participation Agreement among John Hancock Life Insurance Company (U.S.A.), John Hancock Life](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h2.txt)[Insurance Company of New York, John Hancock Life Insurance Company, John Hancock Variable Life](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h2.txt)[Insurance Company and John Hancock Trust dated April 20, 2005. Incorporated by reference to pre-](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h2.txt)[effective amendment no. 1 file number 333-126668 filed with the Commission on October 12, 2005.](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h2.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) [Shareholder Information Agreement between John Hancock Life Insurance Company (U.S.A.), John](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)[Hancock Life Insurance Company of New York, John Hancock Life Insurance Company, John Hancock](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)[Variable Life Insurance, and John Hancock Trust portfolios (except American Funds Insurance Series)](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)[dated April 16, 2007. Incorporated by reference to post-effective amendment number 9 file number 333-](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)[85284 filed with the Commission in April, 2007.](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) [Shareholder Information Agreement between John Hancock Life Insurance Company (U.S.A.), John](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[Hancock Life Insurance Company of New York, John Hancock Life Insurance Company, John Hancock](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[Variable Life Insurance, and John Hancock Trust on behalf of series of the Trust that are feeder funds of the](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[American Funds Insurance Series dated April 16, 2007. Incorporated by reference to post-effective](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[amendment number 9 file number 333-85284 filed with the Commission in April, 2007.](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) [Shareholder Information Agreement dated October 16, 2007 between John Hancock Life Insurance](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixdy.txt)[Company (U.S.A.), John Hancock Life Insurance Company of New York, and DWS Scudder Distributors,](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixdy.txt)[Inc. on behalf of series of the DWS Investments VIT Funds. Incorporated by reference to post-effective](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixdy.txt)[amendment number 24 file number 333-70728 filed with the Commission in April, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixdy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) [Participation Agreement dated April 30, 2004 among The Manufacturers Insurance Company (U.S.A.), The](https://www.sec.gov/Archives/edgar/data/801019/000119312508241056/dex9926h1.htm)[Manufacturers Insurance Company of New York, PIMCO Variable Insurance Trust and PIMCO Advisors](https://www.sec.gov/Archives/edgar/data/801019/000119312508241056/dex9926h1.htm)[Distributors LLC, incorporated by reference to Exhibit (26)(H)(1) to Pre-Effective Amendment No. 2 to](https://www.sec.gov/Archives/edgar/data/801019/000119312508241056/dex9926h1.htm)[Registration Statement, File No. 333-152406, filed November 21, 2008.](https://www.sec.gov/Archives/edgar/data/801019/000119312508241056/dex9926h1.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) [Shareholder Information Agreement between John Hancock Life Insurance Company (U.S.A.) and/or John](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixfy.txt)[Hancock Life Insurance Company of New York and Allianz Global Investors Distributors LLC on behalf of](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixfy.txt)[PIMCO Funds and Fixed Income Shares dated April 16, 2007, incorporated by reference to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixfy.txt)[Amendment No. 24 to Registration Statement, File No. 333-70728, filed on April 28, 2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixfy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G) [Shareholder Information Agreement dated April 16, 2007 by and between BlackRock Distributors, Inc,](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixgy.txt)[John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York,](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixgy.txt)[incorporated by reference to Post-Effective Amendment No. 24, File No. 333-70728, filed on April 28,](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixgy.txt)[2008.](https://www.sec.gov/Archives/edgar/data/753892/000095013508002998/b69033a1exv99w24xbyx8yiiixgy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) &nbsp;&nbsp;&nbsp;&nbsp;(A) [CSC Customer Agreement dated June 30, 2004, incorporated by reference to Exhibit 24(b)(8)(a)(i) to Post-](https://www.sec.gov/Archives/edgar/data/753892/000095013509002438/b74813a1exv99w24xbyx8yxayxiy.txt)[Effective Amendment No. 3 to Registration Statement, File No. 333-143073, filed April 1, 2009. \[Portions](https://www.sec.gov/Archives/edgar/data/753892/000095013509002438/b74813a1exv99w24xbyx8yxayxiy.txt)[of this exhibit have been omitted pursuant to an Order Granting Confidential Treatment granted by the SEC](https://www.sec.gov/Archives/edgar/data/753892/000095013509002438/b74813a1exv99w24xbyx8yxayxiy.txt)[on March 29, 2019.\]](https://www.sec.gov/Archives/edgar/data/753892/000095013509002438/b74813a1exv99w24xbyx8yxayxiy.txt)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) [Addendum No. 2 to the Remote Service Exhibit Number 1 dated July 1, 2006 with CSC, incorporated by](https://www.sec.gov/Archives/edgar/data/753892/000095013509002438/b74813a1exv99w24xbyx8yxayii.txt)[reference to Exhibit 24(b)(8)(a)(ii) to Post-Effective Amendment No. 3 to Registration Statement, File No.](https://www.sec.gov/Archives/edgar/data/753892/000095013509002438/b74813a1exv99w24xbyx8yxayii.txt)[333-143073, filed April 1, 2009. \[Portions of this exhibit have been omitted pursuant to an Order Granting](https://www.sec.gov/Archives/edgar/data/753892/000095013509002438/b74813a1exv99w24xbyx8yxayii.txt)[Confidential Treatment granted by the SEC on March 29, 2019.\]](https://www.sec.gov/Archives/edgar/data/753892/000095013509002438/b74813a1exv99w24xbyx8yxayii.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) [Merger Agreement with The Manufacturers Life Insurance Company (U.S.A.) and The Manufacturers Life](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx8yxiiya.txt)[Insurance Company of North America, incorporated by reference to Exhibit 24(b)(8)(ii)(A) to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx8yxiiya.txt)[Amendment No. 31 to Registration Statement, File No. 333-70728, filed on April 30, 2009.](https://www.sec.gov/Archives/edgar/data/753892/000095013509003383/b75114a1exv99w24xbyx8yxiiya.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) [Opinion of Counsel and consent to its use as to the legality of the securities being registered – Incorporated by](https://www.sec.gov/Archives/edgar/data/753892/000095013502000006/b41397a1ex99-9.txt)[reference to Exhibit 24(b)(9) to the Pre-Effective Amendment.](https://www.sec.gov/Archives/edgar/data/753892/000095013502000006/b41397a1ex99-9.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) [Written consent of Ernst & Young LLP, independent registered public accounting firm. \[FILED HEREWITH\]](d82918dex9927l.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) All financial statements omitted from Item 26, Financial Statements – NOT APPLICABLE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Agreements in consideration for providing initial capital between or among Registrant, Depositor, Underwriter or initial contract owners – NOT APPLICABLE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Form of Initial Summary Prospectuses – NOT APPLICABLE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) Powers of Attorney

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) [Powers of Attorney for Thomas Borshoff, James R. Boyle, Ruth Ann Fleming, James D. Gallagher, Scott S.](https://www.sec.gov/Archives/edgar/data/753892/000095012310042240/b80426a1exv99w24xbyx15y.txt)[Hartz, Rex Schlaybaugh, Jr., and John G. Vrysen – incorporated by reference to Exhibit 24(b)(15) to Post-](https://www.sec.gov/Archives/edgar/data/753892/000095012310042240/b80426a1exv99w24xbyx15y.txt)[Effective Amendment No. 23 to this Registration Statement, File No. 333-70730, filed on May 3, 2010.](https://www.sec.gov/Archives/edgar/data/753892/000095012310042240/b80426a1exv99w24xbyx15y.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) [Power of Attorney for Steven Finch, incorporated by reference to Exhibit 24(b)(15)(ii) to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000095012310071239/b81856a1exv99w24xbyx15yxiiy.txt)[Amendment No. 24 to this Registration Statement, File No. 333-70730, filed August 2, 2010.](https://www.sec.gov/Archives/edgar/data/753892/000095012310071239/b81856a1exv99w24xbyx15yxiiy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) [Power of Attorney for Paul M. Connolly, incorporated by reference to Exhibit 24(b)(15)(iii) to Post-](https://www.sec.gov/Archives/edgar/data/753892/000095012311042686/b85869a1exv99w24xbyx15yxiiiy.txt)[Effective Amendment No. 26 to this Registration Statement, filed on May 2, 2011.](https://www.sec.gov/Archives/edgar/data/753892/000095012311042686/b85869a1exv99w24xbyx15yxiiiy.txt)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) [Power of Attorney for Marianne Harrison, incorporated by reference to Exhibit 24(b)(15)(iv) to Post-](https://www.sec.gov/Archives/edgar/data/753892/000119312512192463/d311812dex9924b15iv.htm)[Effective Amendment No. 28 to this Registration Statement, File No. 333-70730, filed on April 30, 2012.](https://www.sec.gov/Archives/edgar/data/753892/000119312512192463/d311812dex9924b15iv.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) [Power of Attorney for Craig Bromley, incorporated by reference to Exhibit 24(b)(15)(v) to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000119312513176581/d478615dex9924b15v.htm)[Amendment No. 30 to this Registration Statement, File No. 333-70730, filed on April 26, 2013.](https://www.sec.gov/Archives/edgar/data/753892/000119312513176581/d478615dex9924b15v.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) [Power of Attorney for Michael Doughty, incorporated by reference to Exhibit 24(b)(15)(vi) to Post-](https://www.sec.gov/Archives/edgar/data/753892/000119312514160219/d690193dex9924b15vi.htm)[Effective Amendment No. 32 to this Registration Statement, File No. 333-70730, filed on April 28, 2014.](https://www.sec.gov/Archives/edgar/data/753892/000119312514160219/d690193dex9924b15vi.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) [Power of Attorney for Linda A. Davis Watters, incorporated by reference to Exhibit 24(b)(15)(vii) to Post-](https://www.sec.gov/Archives/edgar/data/753892/000119312517146127/d351523dex9924b15vii.htm)[Effective Amendment No. 35 to this Registration Statement, File No. 333-70730, filed on April 28, 2017.](https://www.sec.gov/Archives/edgar/data/753892/000119312517146127/d351523dex9924b15vii.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) [Power of Attorney for Marianne Harrison, incorporated by reference to Exhibit 24(b)(15)(viii) to Post-](https://www.sec.gov/Archives/edgar/data/753892/000119312518135855/d523674dex9924b15viii.htm)[Effective Amendment No. 36 to this Registration Statement, File No. 333-70730, filed on April 27, 2018.](https://www.sec.gov/Archives/edgar/data/753892/000119312518135855/d523674dex9924b15viii.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) [Power of Attorney for Brooks Tingle, incorporated by reference to Exhibit 24(b)(15)(ix) to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000119312519120210/d705123dex9924b15ix.htm)[Amendment No. 37 to this Registration Statement, File No. 333-70730, filed on April 26, 2019.](https://www.sec.gov/Archives/edgar/data/753892/000119312519120210/d705123dex9924b15ix.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) [Power of Attorney for J. Stephanie Nam, incorporated by reference to Exhibit 24(b)(15)(x) to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000119312519204110/d769059dex9924b15x.htm)[Amendment No. 48 to Registration Statement, File No. 333-70728, filed on July 26, 2019.](https://www.sec.gov/Archives/edgar/data/753892/000119312519204110/d769059dex9924b15x.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) [Power of Attorney for Ken Ross, incorporated by reference to Exhibit 24(b)(15)(xi) to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000119312519204110/d769059dex9924b15xi.htm)[Amendment No. 48 to Registration Statement, File No. 333-70728, filed on July 26, 2019.](https://www.sec.gov/Archives/edgar/data/753892/000119312519204110/d769059dex9924b15xi.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) [Power of Attorney for Henry H. Wong, incorporated by reference to Exhibit 24(b)(15)(xii) to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000119312519204110/d769059dex9924b15xii.htm)[Amendment No. 48 to Registration Statement, File No. 333-70728, filed on July 26, 2019.](https://www.sec.gov/Archives/edgar/data/753892/000119312519204110/d769059dex9924b15xii.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) [Power of Attorney for Shamus Weiland, incorporated by reference to Exhibit 24(b)(15)(xiii) to Post-](https://www.sec.gov/Archives/edgar/data/753892/000119312521128262/d120203d485bpos.htm)[Effective Amendment No. 40 to Registration Statement, File No. 333-70730, filed on April 23, 2021.](https://www.sec.gov/Archives/edgar/data/753892/000119312521128262/d120203d485bpos.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) [Power of Attorney for Emanuel Alves, incorporated by reference to Exhibit (27)(xiv) to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000119312521332553/d225040d485apos.htm)[Amendment No. 55 to Registration Statement, File No. 333-70728, filed on November 17, 2021.](https://www.sec.gov/Archives/edgar/data/753892/000119312521332553/d225040d485apos.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) [Power of Attorney for Thomas Edward Hampton, incorporated by reference to Exhibit (27)(xv) to Post-](https://www.sec.gov/Archives/edgar/data/753892/000119312521332553/d225040d485apos.htm)[Effective Amendment No. 55 to Registration Statement, File No. 333-70728, filed on November 17, 2021.](https://www.sec.gov/Archives/edgar/data/753892/000119312521332553/d225040d485apos.htm)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) [Powers of Attorney for Emanuel Alves, Paul M. Connolly, Thomas Edward Hampton, Marianne Harrison, J.](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927xvi.htm)[Stephanie Nam, Ken Ross, Rex Schlaybaugh Jr., Brooks Tingle, Shamus Weiland, and Henry H. Wong,](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927xvi.htm)[incorporated by reference to Exhibit 27(xvi) to Post-Effective Amendment No. 41, File No. 333-70730,](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927xvi.htm)[filed on April 22, 2022.](https://www.sec.gov/Archives/edgar/data/753892/000119312522113513/d282612dex9927xvi.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) [Powers of Attorney Emanuel Alves, Paul M. Connolly, Nora Newton Crouch, Thomas Edward Hampton, J.](https://www.sec.gov/Archives/edgar/data/753892/000119312523112364/d453616dex9927xvii.htm)[Stephanie Nam, Ken Ross, Rex Schlaybaugh Jr., Colin Simpson, Brooks Tingle, Simonetta Vendittelli,](https://www.sec.gov/Archives/edgar/data/753892/000119312523112364/d453616dex9927xvii.htm)[Shamus Weiland, and Henry H. Wong, incorporated by reference to Exhibit 27(xvii) to Post-Effective](https://www.sec.gov/Archives/edgar/data/753892/000119312523112364/d453616dex9927xvii.htm)[Amendment No. 42, File No. 333-70730, filed with the Commission on April 24, 2023.](https://www.sec.gov/Archives/edgar/data/753892/000119312523112364/d453616dex9927xvii.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) [Powers of Attorney for Eileen Cloherty, Aimee DeCamillo, Dara Gough, and Alex Silva, incorporated by](https://www.sec.gov/Archives/edgar/data/753892/000119312525086933/d889801dex9927xviii.htm)[reference to Exhibit 27(xviii) to Post-Effective Amendment No. 23, File No. 333-149421, filed with the](https://www.sec.gov/Archives/edgar/data/753892/000119312525086933/d889801dex9927xviii.htm)[Commission on April 21, 2025.](https://www.sec.gov/Archives/edgar/data/753892/000119312525086933/d889801dex9927xviii.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) [Power of Attorney for Adam T. Wise. \[FILED HEREWITH\]](d82918dex9927pxx.htm)

------

*Item 28. Directors and Officers of the Depositor*

**Officers and Directors of John Hancock Life Insurance Company (U.S.A.):** 

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Brooks Tingle<br> 200 Berkeley Street<br> Boston, MA 02116<br>| Chair, Director, President & Chief Executive Officer |
| Nora N. Crouch<br> 804 Pepper Avenue<br> Richmond, VA 23226<br>| Director |
| Aimee DeCamillo<br> 200 Berkeley St.<br> Boston, MA 02116<br>| &nbsp;&nbsp; Director, Executive Vice President, & Global Head of <br> Retirement <br>|
| Dara Gough<br> 200 Berkeley St.<br> Boston, MA 02116<br>| Director, Vice President  |
| Thomas E. Hampton <br> 5207 2nd Street NW<br> Washington, DC 20011<br>| Director |
| J. Stephanie Nam<br> 129 State Street <br> Portsmouth, NH 03801<br>| Director |
| Ken Ross<br> 200 Berkeley St.<br> Boston, MA 02116<br>| Director, Vice President  |
| Shamus Weiland<br> 200 Bloor Street<br> E. Toronto, ON M4W 1E5<br>| Director  |
| Adam T. Wise<br> 197 Clarendon Street<br> Boston, MA 02116<br>| Director & Vice President |
| **Executive Vice Presidents** |  |
| Andrew G. Arnott\*\* | Global Head of Institutional, Product, and Strategy |
| **Senior Vice Presidents** |  |
| John Addeo\*\* | Global Fixed Income Chief Investment Officer |
| John C.S. Anderson\*\* | Global Head of Corporate Finance and Infrastructure |
| Peter Chung\* | Global Head of Corporate Development  |
| Kevin J. Cloherty\*\* | Deputy General Counsel, Global Markets |
| Jackie Collier\*\* | GWAM Chief Compliance Officer  |
| Kristie Feinberg\* | &nbsp;&nbsp; President of Manulife JH Investments and Head of Retail <br> MIM<br>|
| Maryscott Greenwood\*\* | Global Head of Regulatory & Public Affairs |
| Len van Greuning\* | Chief Information Officer MIM  |
| Lindsay Hanson\* | US Chief Marketing Officer  |
| Hector Martinez\* | Head of US Insurance  |
| John B Maynard\*\* | Deputy General Counsel, Legacy, Reinsurance & Tax |
| Joelle Metzman\*\* | GWAM Chief Risk Officer |
| Sinead O'Connor\* | Global Head of Inforce Management  |
| Wayne Park\* | Head of US Retirement and MIM |
| Gerald Peterson\*\* | Global Head of Operations and Data Management |
| Nicole Rafferty\*\*\* | Global Head of Contact Centers |
| Chet Ritchie\* | Global Head of Talent Acquisition |
| Susan Roberts\* | Head of LTC Customer Care and Integrations |
| Ian Roke\*\* | Global Head of Financial Risk Management |
| Thomas Samoluk\*\* | US General Counsel and US Government Relations |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Anthony Teta\* | US Head of Inforce Management |
| Nathan Thooft\*\* | MAS and Global Equities Chief Investment Officer |
| Anne Valentine-Andrews\*\*\* | Global Head of Private Markets |
| Blake Witherington\*\* | US Chief Credit Officer |
| Henry H. Wong\*\* | Chief Investment Officer  |
| **Vice Presidents** |  |
| Jay Aronowitz\*\* |  |
| Kevin Askew\*\* |  |
| William Auger\* |  |
| Jack Barry\* |  |
| Paul Batten\*\* |  |
| P.J. Beltramini\* |  |
| Abigail M. Benham\* |  |
| Mark G. Bensman\*\*\* |  |
| Alexander Beoglin\*\* |  |
| Jon Bourgault\*\* |  |
| J.J. Bowman\* |  |
| Paul Boyne\*\* |  |
| James Brandell\* |  |
| Ted Bruntrager\* | Chief Compliance Officer & Chief Risk Officer |
| Grant Buchanan\*\*\* |  |
| Ginger Burns Beaupre\*\* |  |
| Brendan Campbell\* |  |
| Yan Rong Cao\* |  |
| Rick A. Carlson\*\* |  |
| Patricia Rosch Carrington\*\* |  |
| Jeffrey Cathie\* |  |
| Ken K. Cha\* |  |
| Christopher M. Chapman\*\* |  |
| Sheila Chernicki\* |  |
| Eileen Cloherty\* | Chief Accounting Officer & Controller  |
| Maggie Coleman\*\*\* |  |
| Catherine Z. Collins\*\* |  |
| Doug Comer\* |  |
| Meredith Comtois\* |  |
| Thomas D. Crohan\*\* |  |
| Susan Curry\*\* |  |
| Ken D'Amato\*\* |  |
| Michelle M. Dauphinais\* |  |
| Ryan Davies\*\* |  |
| Frederick D Deminico\*\* |  |
| Susan P Dikramanjian\*\* |  |
| William D Droege\*\* |  |
| Jeffrey Duckworth\*\* |  |
| Jodi Enggasser\* |  |
| Jieyu Fan\* |  |
| Marc Feliciano\*\* |  |
| Katie M. Firth\*\* |  |
| Lauren Marx Fleming\*\* |  |
| Mark Flinn\*\* |  |
| Philip J. Fontana\*\* |  |
| Laura Foster\*\*\* |  |
| Matthew Gabriel\* |  |
| Paul Gallagher\*\* |  |
| Melissa Gamble\*\* |  |
| Scott B. Garfield\*\* |  |
| Marco Giacomelli\*\*\* |  |
| Jeffrey N. Given\*\* |  |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Thomas C. Goggins\*\* |  |
| Miguel Gonzalez\* |  |
| Howard C. Greene\*\* |  |
| Erik Gustafson\*\* |  |
| Ryan M Hanna\*\*\* |  |
| Richard Harris\*\*\* | Appointed Actuary |
| Jessica Harrison\*\*\* |  |
| John Hatch\* |  |
| Katharine Hayes\* |  |
| Justin Helferich\*\*\* |  |
| Michael Hession\* |  |
| Philip Huvos\* |  |
| Sesh Iyengar\*\* |  |
| Kinga Kapuscinski\*\* |  |
| Gillian Kelley\* |  |
| Geoffrey Grant Kelley\*\* |  |
| Recep C. Kendircioglu\*\* |  |
| Neal P. Kerins\* |  |
| Brian J Kernohan\*\*\* |  |
| Michael P King\*\*\* |  |
| Heidi Knapp\*\* |  |
| Tomoko Kosinski\*\* |  |
| Robert Krempus\*\*\* |  |
| Diane R. Landers\*\* |  |
| Michael Landolfi\*\* |  |
| Tracy Lannigan\*\* | Counsel and Corporate Secretary  |
| Peter Lathrop\* |  |
| Michael Lebowitz\*\*\* |  |
| Jessica Lee\*\*\* |  |
| Eric Lippart\*\*\* |  |
| Hua Liu\*\*\* | Treasury |
| Scott Lively\*\* |  |
| David Loh\*\*\* |  |
| Brad Lutz\*\* |  |
| Patrick MacDonnell\*\* |  |
| Shawn McCarthy\*\* |  |
| Andrew J. McFetridge\*\* |  |
| Jonathan McGee\*\* |  |
| Katie L. McKay\*\* |  |
| Eric S. Menzer\*\* |  |
| Stella Mink\*\*\* |  |
| Matthew Miskin\*\* |  |
| Michelle Morey\* |  |
| Patricia Wall Mundy\* |  |
| Catherine Murphy\* | Deputy Appointed Actuary |
| Richard Myrus\*\* |  |
| Lisa Natalicchio\* |  |
| Scott Navin\*\* |  |
| Frank G. O'Neill\*\*\* |  |
| Pragya Pandit\* |  |
| Chirag T. Patel\*\*\* |  |
| Gary M. Pelletier\*\* |  |
| David Pemstein\*\* |  |
| Joanne Pietrini Smith\* |  |
| Susan J. Pirog\* |  |
| Jessica Portelance\*\*\* |  |
| Jason M. Pratt\*\* |  |
| Peta-Gaye M Prinn\*\* |  |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Ed Rapp\*\* |  |
| Todd Renneker\*\* |  |
| Emily Roland\*\* |  |
| Timothy A Roseen\*\* |  |
| Barbara H. Rosen-Campbell\*\* |  |
| Caryn Rothman\*\* |  |
| Ryan Sample\*\* |  |
| Jeffrey R. Santerre\*\* |  |
| Michael Scanlon\*\* |  |
| Marcia Schow\*\* |  |
| Christopher L. Sechler\*\* |  |
| Estelle Shaw-Latimer\*\*\* |  |
| Thomas Shea\*\* |  |
| Lisa Shepard\*\* |  |
| Bill Shields\*\* |  |
| Alex Silva\* | Chief Financial Officer  |
| Fernando A. Silva\*\* |  |
| Susan Simi\*\* |  |
| Nathan Slichter\*\*\* |  |
| Brittany Straughn\* |  |
| Katherine Sullivan\*\* |  |
| Trevor Swanberg\*\* |  |
| Robert E. Sykes, Jr.\*\* |  |
| Wilfred Talbot\* |  |
| Gary Tankersley\* |  |
| Michelle Taylor-Jones\* |  |
| Anne Thibeault\* |  |
| Brian E. Torrisi\*\* |  |
| Gina Goldych Walters\*\* |  |
| Adam Weigold\*\* |  |
| Craig White\*\* |  |
| Jonathan T. White\*\* |  |
| Charles J. Wiegersma\* |  |
| Bryan Wilhelm\* |  |
| Karin Wilsey\*\* |  |
| Josiah K. Winslow\*\* |  |
| Thomas Zakian\*\* |  |

---

*\*Principal Business Office is 200 Berkeley Street, Boston, MA 02116*

*\*\*Principal Business Office is 197 Clarendon Street, Boston, MA 02116*

*\*\*\*Principal Business Office is 200 Bloor Street, Toronto, Canada M4W1E5*

*Item 29. Persons Controlled by or Under Common Control with the Depositor or the Registrant*

Registrant is a separate account of John Hancock Life Insurance Company (U.S.A.) (the "Company"), operated as a unit investment trust. Registrant supports benefits payable under the Company's variable annuity contracts by investing assets allocated to various investment options in shares of John Hancock Trust (the "Trust"), which is a "series" type of mutual fund registered under the Investment Company Act of 1940 (the "Act") as an open-end management investment company. The purchasers of variable annuity and variable life insurance contracts, in connection with which the Trust is used, will have the opportunity to instruct the Company with respect to the voting of the shares of the Series Fund held by Registrant as to certain matters. Subject to the voting instructions, the Company directly controls Registrant.

On the effective date of this Amendment to the Registration Statement, the Company and its affiliates are controlled by Manulife Financial Corporation ("MFC"). A list of other persons controlled by MFC as of December 31, 2025, appears below:

------

![](g754136orgchart.jpg)

------

*Item 30. Indemnification*

**Article XIV of the Restated Articles of Redomestication of the Company provides as follows:**

No director of this Corporation shall be personally liable to the Corporation or its shareholders or policyholders for monetary damages for breach of the director's fiduciary duty, provided that the foregoing shall not eliminate or limit the liability of a director for any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) a breach of the director's duty or loyalty to the Corporation or its shareholders or policyholders;

ii) acts or omissions not in good faith or that involve intentional misconduct or knowing violation of law;

iii) a violation of Sections 5036, 5276 or 5280 of the Michigan Insurance Code, being MCLA 500.5036, 500.5276 and 500.5280;

iv) a transaction from which the director derived an improper personal benefit; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) an act or omission occurring on or before the date of filing of these Articles of Incorporation.

If the Michigan Insurance Code is hereafter amended to authorize the further elimination or limitation of the liability of directors. then the liability of a director of the Corporation, in addition to the limitation on personal liability contained herein, shall be eliminated or limited to the fullest extent permitted by the Michigan Insurance Code as so amended. No amendment or repeal of this Article XIV shall apply to or have any effect on the liability or alleged liability of any director of the Corporation for or with respect to any acts or omissions of such director occurring prior to the effective date of any such amendment or repeal.

Notwithstanding the foregoing, Registrant hereby makes the following undertaking pursuant to Rule 484 under the Securities Act of 1933:

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

*Item 31. Principal Underwriters*

(a) Set forth below is information concerning other investment companies for which John Hancock Distributors, LLC ("JHD LLC"), the principal underwriter of the contracts, acts as investment adviser or principal underwriter.

---

| | |
|:---|:---|
| **Name of Investment Company** | **Capacity in Which Acting** |
| John Hancock Life Insurance Company (U.S.A.) Separate Account H | Principal Underwriter |
| John Hancock Life Insurance Company (U.S.A.) Separate Account A | Principal Underwriter |
| John Hancock Life Insurance Company (U.S.A.) Separate Account N | Principal Underwriter |
| John Hancock Life Insurance Company (U.S.A.) Separate Account I | Principal Underwriter |
| John Hancock Life Insurance Company (U.S.A.) Separate Account L | Principal Underwriter |
| John Hancock Life Insurance Company (U.S.A.) Separate Account M | Principal Underwriter |
| John Hancock Life Insurance Company of New York Separate Account A | Principal Underwriter |
| John Hancock Life Insurance Company of New York Separate Account B | Principal Underwriter |
| John Hancock Life Insurance Company (U.S.A.) Separate Account Q | Principal Underwriter |
| John Hancock Life Insurance Company (U.S.A.) Separate Account W | Principal Underwriter |
| John Hancock Life Insurance Company (U.S.A.) Separate Account X | Principal Underwriter |
| John Hancock Variable Life Account UV | Principal Underwriter |
| John Hancock Life Insurance Company (U.S.A.) Separate Account R | Principal Underwriter |
| John Hancock Life Insurance Company (U.S.A.) Separate Account T | Principal Underwriter |
| John Hancock Variable Life Account S | Principal Underwriter |
| John Hancock Variable Life Account U | Principal Underwriter |
| John Hancock Variable Life Account V | Principal Underwriter |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(b) John Hancock Life Insurance Company (U.S.A.) is the sole member of JHD LLC and the following comprise the Board of Managers and Officers of JHD LLC.

---

| | |
|:---|:---|
| **Name** | **Title** |
| Rick Carlson\*\* | Vice President, US Taxation |
| Jackie Collier\*\* | Director |
| Michelle Dauphinais\* | Vice President |
| Tracy Lannigan\*\* | Vice President, Counsel, Corporate Secretary |
| Alex Silva\* | Director |
| Bryan Wilhelm\* | Director |

---

*\*Principal Business Office is 200 Berkeley Street, Boston, MA 02116*

*\*\*Principal Business Office is 197 Clarendon Street, Boston, MA 02116*

*\*\*\*Principal Business Office is 200 Bloor Street, Toronto, Canada M4W1E5*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) None.

*Item 32. Location of Accounts and Records*

The information required by this item is included in the most recent Form N-CEN filed with the SEC by the Separate Account.

*Item 33. Management Services*

None.

*Item 34. Fee Representation* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Representation of Insurer Pursuant to Section 26 of the Investment Company Act of 1940

John Hancock Life Insurance Company (U.S.A.) ("Company") hereby represents that the fees and charges deducted under the contracts issued pursuant to this registration statement, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Representation of Registrant Pursuant to Section 403(b) of the Internal Revenue Code of 1986, as amended

Registrant is relying on a no-action letter issued in connection with funding vehicles for retirement plans meeting the requirements of Section 403(b) of the Internal Revenue Code of 1986, as amended, on November 28, 1988, SEC Reference No. IP-6-88, and is complying with the provisions of paragraphs 1-4 of such no action letter.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, Commonwealth of Massachusetts, on this 21st day of April, 2026.

---

| | |
|:---|:---|
| John Hancock Life Insurance Company (U.S.A.) Separate Account H <br> (Registered Separate Account) | John Hancock Life Insurance Company (U.S.A.) Separate Account H <br> (Registered Separate Account) |
| By: | John Hancock Life Insurance Company (U.S.A.)<br> (Insurance Company)<br>|
| By: | \*<br>Brooks Tingle<br> Chair, President, and Chief Executive Officer<br>|
| John Hancock Life Insurance Company (U.S.A.) | John Hancock Life Insurance Company (U.S.A.) |
| By: | \*<br>Brooks Tingle<br> Chair, President, and Chief Executive Officer<br>|
| \*/s/ Sophia Pattas<br>Sophia Pattas, as Attorney-In-Fact<br> \*Pursuant to Power of Attorney | \*/s/ Sophia Pattas<br>Sophia Pattas, as Attorney-In-Fact<br> \*Pursuant to Power of Attorney |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated as of the 21st day of April, 2026.

---

| | |
|:---|:---|
| **Signature** | **Title** |
| \*<br>Brooks Tingle<br>| Chair, President, and Chief Executive Officer |
| \*<br>Alex Silva <br>| Chief Financial Officer |
| \*<br>Eileen Cloherty<br>| Chief Accounting Officer and Controller |
| \*<br>Nora Newton Crouch<br>| Director |
| \*<br>Aimee DeCamillo <br>| Director |
| \*<br>Dara Gough<br>| Director |
| \*<br>Thomas Edward Hampton <br>| Director |
| \*<br>J. Stephanie Nam<br>| Director |
| \*<br>Ken Ross<br>| Director |
| \*<br>Shamus Weiland<br>| Director |
| \*<br>Adam T. Wise<br>| Director |
| \*/s/ Sophia Pattas<br>Sophia Pattas, as Attorney-In-Fact<br> \*Pursuant to Power of Attorney<br>|  |

---

------

## Exhibit 99.27

Consent of Independent Registered Public Accounting Firm

We consent to the reference to our firm under the caption "Independent Registered Public Accounting Firm" in the Statement of Additional Information, dated April 27, 2026, and included in this Post-Effective Amendment No. 45 to the Registration Statement (Form N-4, File No. 333-70730) of JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT H (the "Registration Statement").

We also consent to the use of our reports (1) dated April 8, 2026, with respect to the statutory-basis financial statements of John Hancock Life Insurance Company (U.S.A.) and (2) dated April 15, 2026, with respect to the financial statements of each of the subaccounts within JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT H, for the year ended December 31, 2025, incorporated by reference in this Registration Statement, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Boston, Massachusetts

April 21, 2026

## Exhibit 99.27

**Power of Attorney** 

I, **Adam T. Wise**, in my capacity as a Director and Vice President of John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, do hereby constitute and appoint Tracy Lannigan, Lisa Shepard, and Sophia Pattas or any of them individually, my true and lawful attorneys and agents to execute, in the name of, and on behalf of, the undersigned as a member of said Board of Directors, the Registration Statements listed below filed with the Securities and Exchange Commission ("SEC") under the Securities Act of 1933 and the Investment Company Act of 1940, and any and all amendments to the Registration Statements listed below filed with the SEC, and the undersigned hereby ratifies and confirms as her own act and deed all that each of said attorneys and agents shall do or cause to have done by virtue hereof.

Variable Annuity Registration Statement filed for John Hancock Life Insurance Company (U.S.A.) Separate Account H:

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-172473 (Venture 4 Series)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-172476 (Venture 7 Series)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-70728 (Venture & Wealthmark)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-70730 (Venture & Wealthmark)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-70850 (Venture III & Wealthmark ML3)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-162245 (Venture 4)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-71072 (Vantage)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-71074 (Vision)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-146591 (Venture Opportunity A Share)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-149421 (GIFL Rollover)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-167019 (GIFL Select IRA Rollover)

Variable Annuity Registration Statement filed for John Hancock Life Insurance Company (U.S.A.) Separate Account Q:

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-164147 (Revolution Value)

Variable Annuity Registration Statement filed for John Hancock Life Insurance Company (U.S.A.) Separate Account W:

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-164145 (Independence, Independence Preferred, Independence 2000)

Variable Annuity Registration Statement filed for John Hancock Life Insurance Company of New York Separate Account A:

Variable Annuity Registration Statement filed under the Securities Act of 1933: 033-79112 (Venture & Wealthmark)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-83558 (Venture III & Wealthmark ML3)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-149422 (GIFL Rollover)

Variable Annuity Registration Statement filed under the Securities Act of 1933: 333-167018 (GIFL Select IRA Rollover)

Each of said attorneys and agents shall have, and may exercise, all of the powers hereby conferred.

This Power of Attorney is intended to supersede any and all prior Powers of Attorney in connection with the above mentioned acts, and is effective April 8, 2026 and remains in effect until revoked or revised.

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| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Adam T. Wise<br>| **Director and Vice President** | April 8, 2026 |
| **Adam T. Wise** |  |  |

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