# EDGAR Filing Document

**Accession Number:** 0001084147
**File Stem:** 0001084147-26-000027
**Filing Date:** 2026-4
**Character Count:** 1403580
**Document Hash:** 5aa233e45053deb2eeb48607144187e9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001084147-26-000027.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001084147-26-000027

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 127

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**EFFECTIVENESS DATE**: 20260501

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TALCOTT RESOLUTION LIFE & ANNUITY INSURANCE CO SEPARATE ACCOUNT SEVEN
- **CENTRAL INDEX KEY:** 0001084147

**ORGANIZATION NAME:**
- **EIN:** 391052598
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09295
- **FILM NUMBER:** 26878694

**BUSINESS ADDRESS:**
- **STREET 1:** 1 AMERICAN ROW
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103
- **BUSINESS PHONE:** 860-791-0119

**MAIL ADDRESS:**
- **STREET 1:** 1 AMERICAN ROW
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HARTFORD LIFE & ANNUITY INSURANCE CO SEPARATE ACCOUNT SEVEN
- **DATE OF NAME CHANGE:** 19990413
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TALCOTT RESOLUTION LIFE & ANNUITY INSURANCE CO SEPARATE ACCOUNT SEVEN
- **CENTRAL INDEX KEY:** 0001084147

**ORGANIZATION NAME:**
- **EIN:** 391052598
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-176152
- **FILM NUMBER:** 26878693

**BUSINESS ADDRESS:**
- **STREET 1:** 1 AMERICAN ROW
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103
- **BUSINESS PHONE:** 860-791-0119

**MAIL ADDRESS:**
- **STREET 1:** 1 AMERICAN ROW
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HARTFORD LIFE & ANNUITY INSURANCE CO SEPARATE ACCOUNT SEVEN
- **DATE OF NAME CHANGE:** 19990413

## Series and Classes Contracts Data

### TALCOTT RESOLUTION LIFE & ANNUITY INSURANCE CO SEPARATE ACCOUNT SEVEN (Series ID: S000002286)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000105764 | Personal Retirement Manager Series III |  |

**File No. 333-176152**

**811-09295**

**United States**

**Securities and Exchange Commission**

**Washington, DC 20549**

**FORM N-4**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**

**Pre-Effective Amendment No.**

**Post Effective Amendment No.** 25

**and/or**

**REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940**

**Amendment No.** 703

**TALCOTT RESOLUTION LIFE AND ANNUITY INSURANCE COMPANY**

**SEPARATE ACCOUNT SEVEN**

**(Exact Name of Registered Separate Account)**

**TALCOTT RESOLUTION LIFE AND ANNUITY INSURANCE COMPANY**

**(Exact Name of Insurance Company)**

**1 AMERICAN ROW, HARTFORD, CT 06103**

**(Address of insurance company's principal executive offices) (Zip code)**

**(860) 791-0750**

**(Insurance company's telephone number, including area code)** 

**CHRISTOPHER M. GRINNELL** 

**TALCOTT RESOLUTION LIFE AND ANNUITY INSURANCE COMPANY** 

**1 AMERICAN ROW** 

**HARTFORD, CT 06103** 

**(860) 791-0750** 

**(Name and address of agent for service)**

**Approximate date of proposed public offering: Continuously after the registration statement becomes effective.**

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

☐ immediately upon filing pursuant to paragraph (b)

☒ on May 1, 2026 pursuant to paragraph (b)

☐ 60 days after filing pursuant to paragraph (a)(1)

☐ on (date) 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

☐ Insurance Company relying on Rule 12h-7 under the Exchange Act

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

**Talcott Resolution Life Insurance Company** 

**Talcott Resolution Life Insurance Company Separate Account Seven** 

**Personal Retirement Manager Series III**

*[The Contract was previously sold under various marketing names depending on which distribution partner sold the product and/or when the product was sold. These marketing names include: Personal Retirement Manager Series III and Huntington Personal Retirement Manager Series III]*

**Talcott Resolution Life and Annuity Insurance Company** 

**Talcott Resolution Life and Annuity Insurance Company Separate Account Seven** 

**Personal Retirement Manager Series III**

**Supplement dated May 1, 2026 to the prospectus dated May 1, 2026**

**and the updating summary prospectus dated May 1, 2026** 

*The following supplements and amends the prospectus and updating summary prospectus for the above-mentioned Contracts. Please read this supplement carefully and retain it for future reference. Special terms not defined in this supplement have the same meanings as in the prospectus or updating summary prospectus.*

**<u>NOTICE OF FUND SUBSTITUTION</u>**

We have applied for and received an order from the U.S. Securities and Exchange Commission approving the substitution of certain underlying mutual funds under the Contracts (the "Substitution"). At the close of business on September 4, 2026 (the "Substitution Date"), shares of each "Existing Fund" will be substituted with shares of the corresponding "Replacement Fund," as set forth in the table below.

---

| | |
|:---|:---|
| **Existing Fund** | **Replacement Fund** |
| AB VPS Discovery Value Portfolio - Class B | Franklin Small Cap Value VIP Fund - Class 2 |
| Invesco V.I. Core Equity Fund - Series II | Putnam VT Core Equity Fund - Class IB |
| Invesco V.I. EQV International Equity Fund - Series II | Putnam VT Focused International Equity Fund - Class IB |
| Invesco V.I. Government Money Market Fund - Series II | Putnam VT Government Money Market Fund - Class IB |
| Invesco V.I. Government Securities Fund - Series II | Franklin U.S. Government Securities VIP Fund - Class 2 |
| Invesco V.I. Main Street Mid Cap Fund - Series II | ClearBridge Variable Mid Cap Portfolio - Class II |
| MFS<sup>®</sup> Growth Series - Service Class | Putnam VT Large Cap Growth Fund - Class IB |
| MFS<sup>®</sup> New Discovery Series - Service Class | Putnam VT Small Cap Growth Fund - Class IB |
| MFS<sup>®</sup> Total Return Series - Service Class | Putnam VT Global Asset Allocation Fund - Class IB |
| MFS<sup>®</sup> Value Series - Service Class | Putnam VT Large Cap Value Fund - Class IB |

---

Each Existing Fund will be closed to new investment (*i.e.*, allocations of new premium payments and transfers) under the Contract after September 4, 2026. Each Replacement Fund will be available for new investment (*i.e.*, allocations of new premium payments and transfers) under the Contract on or about September 8, 2026. Please see Appendix A.1 to review a list of investment options by product.

**Information regarding each Replacement Fund, including (i) its name, (ii) its type, (iii) its investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance is available in Appendix A in your prospectus or updating summary prospectus. Each Replacement Fund has also issued a prospectus that contains more detailed information about the Fund. Prospectuses for the Replacement Funds may be obtained free of charge by visiting the website listed in Appendix A of your prospectus or updating summary prospectus or by contacting us as instructed below.**

On the Substitution Date, any Contact Value allocated to the Sub-Account investing in an Existing Fund (an "Existing Fund Sub-Account") will be automatically transferred to the Sub-Account investing in the corresponding Replacement Fund (a "Replacement Fund Sub-Account").

The Substitution will be effected at the relative net asset values of the Existing Funds' and the Replacement Funds' shares. Your Contract Value immediately prior to the Substitution will equal your Contract Value immediately after the Substitution. Contract Values will be automatically transferred without charge and without being subject to any limitations on transfers. There will be no tax consequences for you as a result of the Substitution. The Substitution will be performed at no cost to you. The fees and charges under your Contract will not increase as a result of the Substitution. Your rights and our obligations under your Contract will not be altered in any way.

------

For any optional benefit subject to investment restrictions, on the Substitution Date, the investment restrictions will be updated such that any eligible Existing Fund Sub-Account will be replaced by the corresponding Replacement Fund Sub-Account as an eligible investment option. See Appendix A of your prospectus or summary prospectus. The Substitution will not cause your optional benefit, if any, to be in violation of any applicable investment restrictions.

**Please note the following important information about your free transfer rights:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• From the date of this Supplement through the Substitution Date, you may make a free transfer of Contract Value from any Existing Fund Sub-Account to any other Sub-Account available under your Contract. For 30 days after the Substitution Date, you may make a free transfer of Contract Value from any Replacement Fund Sub-Account to any other Sub-Account available under your Contract. Any such transfer will be free of charge and will not count against any restrictions or limits on the number of transfers that may be performed under your Contract, except that market timing policies and procedures and optional benefit investment restrictions will apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***<u>If you own an optional benefit subject to investment restrictions: You are not permitted to transfer Contract Value to any ineligible investment options. Your optional benefit will be automatically terminated, in accordance with its terms, if you violate the applicable investment restrictions, including as a result of a pre- or post-Substitution transfer.</u>***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Except as described above, we will not otherwise exercise any rights reserved by us under the Contract to impose additional restrictions on transfers from the date of this Supplement until at least 30 days after the Substitution Date.

**Additional Information Related to the Substitution:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Unless you provide us with new instructions in good order, on the Substitution Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Your standing instructions for future premium payments or withdrawals will be automatically updated to replace any Existing Fund Sub-Account with the corresponding Replacement Fund Sub-Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ If you are participating in any automatic transfer, rebalancing, or withdrawal program, your program instructions will be automatically updated to replace any Existing Fund Sub-Account with the corresponding Replacement Fund Sub-Account and your participation in such program will continue without interruption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For any asset allocation models under the Contract, any Existing Fund Sub-Account that comprises a model will be replaced by the corresponding Replacement Fund Sub-Account. If you are participating in any such model, your participation will continue without interruption.

**You may submit transfer requests, request copies of the Replacement Funds' prospectuses, or provide updated instructions by mailing Talcott Resolution at PO Box 14293, Lexington, KY 40512-4293; calling 1-800-862-6668; or e-mailing asccontactus@talcottresolution.com.**

**If you have any questions regarding the Substitution, please call us at 1-800-862-6668.**

HV-8204

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

---

| | |
|:---|:---|
| **PERSONAL RETIREMENT MANAGER SERIES III\*** | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |
| **(B Share/C Share/I Share/L Share)** | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |
| **TALCOTT RESOLUTION LIFE AND ANNUITY INSURANCE COMPANY** | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |
| **TALCOTT RESOLUTION LIFE & ANNUITY INSURANCE CO SEPARATE ACCOUNT SEVEN (EST. 4/1/99)** | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |
| **TALCOTT RESOLUTION LIFE INSURANCE COMPANY** | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |
| **TALCOTT RESOLUTION LIFE INSURANCE CO SEPARATE ACCOUNT SEVEN (EST. 12/8/86)** | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |
| **PO BOX 14293** | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |
| **LEXINGTON, KY 40512-4293** | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |
|  | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |
| **1-800-862-6668 (CONTRACT OWNERS)** | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |
| **1-800-862-7155 (INVESTMENT PROFESSIONALS)** | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |
| **www.talcottresolution.com** | &nbsp;&nbsp;![talcottlogovertica.jpg](talcottlogovertica.jpg) |

---

*\*This product was previously sold under various marketing names depending on which distribution partner sold the product and/or when the product was sold. These marketing names include: Personal Retirement Manager Series III and Huntington Personal Retirement Manager Series III.*

This prospectus describes the Personal Retirement Manager Series III variable annuity contract (the "Contract"). The Contract is a flexible premium, tax-deferred, variable annuity offered to both individuals and groups. This prospectus describes four different classes of the Contract: B Share, C Share, I Share and L Share. The classes have different fees and expenses (including surrender charges and periodic charges).

Your Contract was issued by either Talcott Resolution Life and Annuity Insurance Company or Talcott Resolution Life Insurance Company (each individually, "Talcott Resolution"). This prospectus describes the Contract between each Owner and joint Owner ("you") and Talcott Resolution. The types of investment options offered under the Contract include (i) variable investment options with underlying mutual funds (the "Funds") and (ii) fixed interest options, including the Fixed Accumulation Feature (or "FAF") and the Personal Pension Account. Additional information about each of the investment options under the Contract is provided in an appendix to this prospectus. See Appendix A – Investment Options Available Under the Contract. Availability of Funds may vary by employer. Participants should reference their plan documents for a list of available Funds. The availability of investment options, Contract benefits, or other Contract features described in this prospectus may vary depending on the broker-dealer through which the Contract is sold. See Appendix D – Financial Intermediary Variations for additional information.

The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in surrender charges, federal and state income taxes, and a 10% federal penalty tax. Withdrawals will also reduce death benefits and other guaranteed benefits under the Contract.

If you receive services for your Contract from a third-party financial intermediary who charges an advisory fee for their services, that fee is in addition to Contract fees and expenses. If you elect to pay the advisory fee by taking withdrawals from your Contract Value, the deduction for that fee is subject to surrender charges and will count toward your Annual Withdrawal Amount. Withdrawals to pay advisory fees will also reduce death benefits and other guaranteed benefits under the Contract and may be subject to federal and state income taxes and a 10% federal penalty tax.

**The Contract is no longer for sale to new investors. However, we continue to administer the in force Contracts** .

The Contract is a complex investment and involves risks, including potential loss of principal. All guarantees and obligations under the Contract are subject to the financial strength and claims-paying ability of Talcott Resolution.

Please read this prospectus carefully and keep it for your records for future reference. This prospectus is filed with the Securities and Exchange Commission ("SEC" or "Commission"). **The SEC has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.** This prospectus and the SAI can also be obtained from us by calling 1-800-862-6668 or the SEC's website (www.sec.gov).

Additional information about certain investment products, including variable annuities, has been prepared by the SEC's staff and is available at Investor.gov.

---

| | | | |
|:---|:---|:---|:---|
| **NOT INSURED BY FDIC OR ANY FEDERAL GOVERNMENT AGENCY** | **MAY LOSE VALUE** | **NOT A DEPOSIT OF OR GUARANTEED BY ANY BANK OR ANY BANK AFFILIATE** | ![hartfordfdicneg.jpg](hartfordfdicneg.jpg) |

---

Date of Prospectus: May 1, 2026

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**Table of Contents** 

---

| | | |
|:---|:---|:---|
| | | **Page** |
| **1.** | **[Glossary](#i79554b0ffb64442785094114a00002d0_88)** | [3](#i79554b0ffb64442785094114a00002d0_88) |
| **2.** | **[Overview of the Contract](#i79554b0ffb64442785094114a00002d0_2095)** | [8](#i79554b0ffb64442785094114a00002d0_2100) |
| **3.** | **[Key Information Table](#i79554b0ffb64442785094114a00002d0_2100)** | [6](#i79554b0ffb64442785094114a00002d0_2095) |
| **4.** | **[Fee Table](#i79554b0ffb64442785094114a00002d0_10)** | [11](#i79554b0ffb64442785094114a00002d0_10) |
| **5.** | **[Principal Risks of Investing in the Contract](#i79554b0ffb64442785094114a00002d0_2109)** | [14](#i79554b0ffb64442785094114a00002d0_2109) |
| **6.** | **[General Information](#i79554b0ffb64442785094114a00002d0_13)** | [15](#i79554b0ffb64442785094114a00002d0_13) |
|  | [a. The Company](#i79554b0ffb64442785094114a00002d0_16) | [15](#i79554b0ffb64442785094114a00002d0_16) |
|  | [b. The General Account](#i79554b0ffb64442785094114a00002d0_19) | [15](#i79554b0ffb64442785094114a00002d0_19) |
|  | [c. The Separate Account](#i79554b0ffb64442785094114a00002d0_22) | [15](#i79554b0ffb64442785094114a00002d0_22) |
|  | [d. The Funds](#i79554b0ffb64442785094114a00002d0_25) | [16](#i79554b0ffb64442785094114a00002d0_25) |
|  | [e. Fixed Accumulation Feature](#i79554b0ffb64442785094114a00002d0_28) | [17](#i79554b0ffb64442785094114a00002d0_28) |
| **7.** | **[The Contract](#i79554b0ffb64442785094114a00002d0_31)** | [19](#i79554b0ffb64442785094114a00002d0_31) |
|  | [a. Purchases and Contract Value](#i79554b0ffb64442785094114a00002d0_34) | [19](#i79554b0ffb64442785094114a00002d0_34) |
|  | [b. Contract Rights](#i79554b0ffb64442785094114a00002d0_2287) | [27](#i79554b0ffb64442785094114a00002d0_2287) |
|  | [c. Charges and Fees](#i79554b0ffb64442785094114a00002d0_37) | [27](#i79554b0ffb64442785094114a00002d0_37) |
|  | [d. Surrenders](#i79554b0ffb64442785094114a00002d0_40) | [31](#i79554b0ffb64442785094114a00002d0_40) |
|  | [e. Annuity Payouts](#i79554b0ffb64442785094114a00002d0_43) | [34](#i79554b0ffb64442785094114a00002d0_43) |
| **8.** | **[Benefits Available Under the Contract](#i79554b0ffb64442785094114a00002d0_2115)** | [38](#i79554b0ffb64442785094114a00002d0_2115) |
| **9.** | **[Death Benefits](#i79554b0ffb64442785094114a00002d0_46)** | [41](#i79554b0ffb64442785094114a00002d0_46) |
|  | [a. Standard Death Benefit](#i79554b0ffb64442785094114a00002d0_49) | [41](#i79554b0ffb64442785094114a00002d0_49) |
|  | [b. Return of Premium V](#i79554b0ffb64442785094114a00002d0_52) | [42](#i79554b0ffb64442785094114a00002d0_52) |
|  | [c. Maximum Anniversary Value V](#i79554b0ffb64442785094114a00002d0_55) | [44](#i79554b0ffb64442785094114a00002d0_55) |
|  | [d. Legacy Lock](#i79554b0ffb64442785094114a00002d0_58) | [47](#i79554b0ffb64442785094114a00002d0_58) |
|  | [e. Maximum Daily Value](#i79554b0ffb64442785094114a00002d0_61) | [50](#i79554b0ffb64442785094114a00002d0_61) |
|  | [f. How is the Death Benefit Paid](#i79554b0ffb64442785094114a00002d0_64) | [53](#i79554b0ffb64442785094114a00002d0_64) |
|  | [g. Who will receive the Death Benefit](#i79554b0ffb64442785094114a00002d0_67) | [54](#i79554b0ffb64442785094114a00002d0_67) |
| **10.** | **[Optional Withdrawal Benefits](#i79554b0ffb64442785094114a00002d0_70)** | [55](#i79554b0ffb64442785094114a00002d0_70) |
|  | [a. Future5 and Future6](#i79554b0ffb64442785094114a00002d0_73) | [55](#i79554b0ffb64442785094114a00002d0_73) |
|  | [b. Daily Lock Income Benefit](#i79554b0ffb64442785094114a00002d0_76) | [62](#i79554b0ffb64442785094114a00002d0_76) |
|  | [c. Personal Pension Account](#i79554b0ffb64442785094114a00002d0_79) | [69](#i79554b0ffb64442785094114a00002d0_79) |
| **11.** | **[Optional Accumulation Benefit](#i79554b0ffb64442785094114a00002d0_82)** | [75](#i79554b0ffb64442785094114a00002d0_82) |
|  | [a. Safety Plus](#i79554b0ffb64442785094114a00002d0_2066) | [75](#i79554b0ffb64442785094114a00002d0_2066) |
| **12.** | **[Additional Information](#i79554b0ffb64442785094114a00002d0_85)** | [79](#i79554b0ffb64442785094114a00002d0_85) |
|  | [a. State Variations](#i79554b0ffb64442785094114a00002d0_91) | [79](#i79554b0ffb64442785094114a00002d0_91) |
|  | [b. Legal Proceedings](#i79554b0ffb64442785094114a00002d0_97) | [80](#i79554b0ffb64442785094114a00002d0_94) |
|  | [c. Miscellaneous](#i79554b0ffb64442785094114a00002d0_94) | [80](#i79554b0ffb64442785094114a00002d0_97) |
|  | [d.](#i79554b0ffb64442785094114a00002d0_2324)[Financial Statements](#i79554b0ffb64442785094114a00002d0_2324) | [82](#i79554b0ffb64442785094114a00002d0_100) |
|  | [e. Cybersecurity and Disruptions to Business Operations](#i79554b0ffb64442785094114a00002d0_100) | [82](#i79554b0ffb64442785094114a00002d0_100) |
| **13** | &nbsp;&nbsp;**[Federal Tax Considerations](#i79554b0ffb64442785094114a00002d0_109)** | [82](#i79554b0ffb64442785094114a00002d0_109) |
| **[Appendix A — Investment Options Available Under the Contract](#i79554b0ffb64442785094114a00002d0_214)** | **[Appendix A — Investment Options Available Under the Contract](#i79554b0ffb64442785094114a00002d0_214)** | APP A-[1](#i79554b0ffb64442785094114a00002d0_214) |
| **[Appendix A.1 — Investment Options by Product](#i79554b0ffb64442785094114a00002d0_2247)** | **[Appendix A.1 — Investment Options by Product](#i79554b0ffb64442785094114a00002d0_2247)** | APP A.1-[1](#i79554b0ffb64442785094114a00002d0_2247) |
| **[Appendix](#i79554b0ffb64442785094114a00002d0_112)[B](#i79554b0ffb64442785094114a00002d0_112)[—](#i79554b0ffb64442785094114a00002d0_112)[Examples](#i79554b0ffb64442785094114a00002d0_112)** | **[Appendix](#i79554b0ffb64442785094114a00002d0_112)[B](#i79554b0ffb64442785094114a00002d0_112)[—](#i79554b0ffb64442785094114a00002d0_112)[Examples](#i79554b0ffb64442785094114a00002d0_112)** | APP B-[1](#i79554b0ffb64442785094114a00002d0_112) |
| **[Appendix](#i79554b0ffb64442785094114a00002d0_223)[C](#i79554b0ffb64442785094114a00002d0_223)[— Optional Rider Comparison](#i79554b0ffb64442785094114a00002d0_223)** | **[Appendix](#i79554b0ffb64442785094114a00002d0_223)[C](#i79554b0ffb64442785094114a00002d0_223)[— Optional Rider Comparison](#i79554b0ffb64442785094114a00002d0_223)** | APP C-[1](#i79554b0ffb64442785094114a00002d0_223) |
| **[Appendix D — Financial Intermediary Variations](#i79554b0ffb64442785094114a00002d0_2389)** | **[Appendix D — Financial Intermediary Variations](#i79554b0ffb64442785094114a00002d0_2389)** | APP D-[1](#i79554b0ffb64442785094114a00002d0_2389) |

---

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**1. Glossary** 

Except as provided elsewhere in this prospectus, the following capitalized terms shall have the meaning ascribed below:

**Account:** Any of the Sub-Accounts or the Fixed Accumulation Feature.

**Accumulation Balance:** The sum of all Personal Pension Account Contributions increased by credited interest; minus any transfers into any other Account(s) and any conversion into Annuity Payout Value.

**Accumulation Units:** If you allocate your Premium Payment to any of the Sub-Accounts, we will convert those Payments into Accumulation Units in the selected Sub-Accounts. Accumulation Units are valued at the end of each Valuation Day and are used to calculate the value of your Contract prior to Annuitization.

**Accumulation Unit Value:** The daily price of Accumulation Units on any Valuation Day.

**Administrative Office:** Our overnight mailing address is Talcott Resolution - Annuity Service Operations, 6716 Grade Lane, Building 9, Louisville, KY 40213. Our standard mailing address is Talcott Resolution - Annuity Service Operations, PO Box 14293, Lexington, KY 40512-4293.

**Anniversary Payment Base:** For Daily Lock Income Benefit, the value on any Contract Anniversary during the Deferral Bonus Period used to determine if a reset to the Payment Base will occur.

**Annual Maintenance Fee:** An annual charge deducted on a Contract Anniversary or upon full Surrender.

**Annual Withdrawal Amount (AWA):** The amount you may Surrender each Contract Year without incurring a Contingent Deferred Sales Charge.

**Annuitant:** The person on whose life the Contract is issued. Except as otherwise provided, the Annuitant may not be changed after your Contract is issued.

**Annuity Calculation Date:** The date we calculate the first Annuity Payout.

**Annuity Commencement Date:** The first day of the first period for which a distribution is received as an Annuity Payout under the Contract, excluding any Personal Pension Account Payout pursuant to the Personal Pension Account.

**Annuity Payout:** The money we pay out after the Annuity Commencement Date for the duration and frequency you select. Annuity Payout includes Personal Pension Account Payouts.

**Annuity Payout Option:** Any of the options available for payout after the Annuity Commencement Date, the death of the Contract Owner or Annuitant; or annuitization(s) of Benefit Balance.

**Annuity Payout Value:** The portion of your Benefit Balance converted into Personal Pension Account Payouts, as reduced by future Personal Pension Account Payouts.

**Annuity Unit:** The unit of measure we use to calculate the value of your Annuity Payouts under a variable dollar amount Annuity Payout Option.

**Annuity Unit Factor:** A factor that neutralizes the Assumed Investment Return when determining the Annuity Unit Value. When the Assumed Investment Return is 3%, the daily factor is 0.999919. When the Assumed Investment Return is 5%, the daily factor is 0.999866. And when the Assumed Investment Return is 6%, the daily factor is 0.999840.

**Annuity Unit Value:** The daily price of Annuity Units on any Valuation Day.

**Assumed Investment Return:** The investment return you select before we start to make Annuity Payouts. It is a critical assumption for calculating variable dollar amount Annuity Payouts.

**Beneficiary:** The person(s) entitled to receive benefits pursuant to the terms of the Contract upon the death of any Contract Owner and Annuitant as the case may be.

**Benefit Balance:** Personal Pension Account Contributions, as adjusted for transfers to or from Contract Value, credited interest and/or annuitization. Benefit Balance includes Annuity Payout Value, if any.

**Charitable Remainder Trust:** An irrevocable trust, where an individual donor makes a gift to the trust, and in return receives an income tax deduction. In addition, the individual donor has the right to receive a percentage of the trust earnings for a specified period of time.

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

**Commuted Value:** The present value of any Annuity Payout due and payable during the Guaranteed Payout Duration. This amount is calculated using the Assumed Investment Return for variable dollar amount Annuity Payouts and the applicable discount rate determined by us for applicable fixed dollar amount Annuity Payouts.

**Contingent Annuitant:** The person you may designate to become the Annuitant if the original Annuitant dies before the Annuity Commencement Date. You must name a Contingent Annuitant before the original Annuitant's death.

**Contingent Deferred Sales Charge (CDSC):** The deferred sales charge, if applicable, that may apply when you make a full or partial Surrender or take money out of your Contract in the form of a commutation of Annuity Payout Value or certain annuity payout options.

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**Contract:** The individual Annuity Contract and any endorsements or riders. Group participants and some individuals may receive a certificate rather than a Contract.

**Contract Anniversary:** The anniversary of the date we issued your Contract. If the Contract Anniversary falls on a Non-Valuation Day, then the Contract Anniversary will be the next Valuation Day.

**Contract Owner, Owner or you:** The owner or holder of the Contract described in this prospectus including any joint Owner(s). We do not capitalize "you" in the prospectus.

**Contract Value:** The total value of the Sub-Account and the Fixed Accumulation Feature.

**Contract Year:** Any 12 month period between Contract Anniversaries, beginning with the date the Contract was issued.

**Covered Life:** The governing life or lives used for determining the lifetime withdrawal feature under Future5, Future6 and Daily Lock Income Benefit guaranteed minimum withdrawal benefit riders. For Daily Lock Income Benefit rider, the Covered Life will always be annuitant or Joint Annuitant, if applicable.

**Credited Interest Rate:** The interest rates that we agree to credit during different times over the duration of your Contract for the Personal Pension Account.

**Death Benefit:** Except as otherwise provided, the amount payable if the Contract Owner, joint Contract Owner or the Annuitant dies before the Annuity Commencement Date. Where applicable, your Death Benefit includes the standard or an optional Death Benefit plus the Personal Pension Account Death Benefit.

**Deferral Bonus:** The amount added to your Payment Base on each Contract Anniversary while the Deferral Bonus Period is in effect if a Market Increase does not occur on such Contract Anniversary.

**Deferral Bonus Period:** The Deferral Bonus Period commences on the date that either the Future5, Future6, or Daily Lock Income Benefit riders have been added to your Contract and Deferral Bonus Period ends when the first of the following events occur: (a) tenth Contract Anniversary from the date that either the Future5, Future6, or Daily Lock Income Benefit riders have been added to your Contract, (b) the Valuation Day that you take your first partial Surrender (including your first Lifetime Benefit Payment or Threshold Payment); or (c) the Valuation Day that you first transfer any Contract Value to the Personal Pension Account in excess of the applicable Transfer Limit. Once the Deferral Bonus Period ends, it cannot be re-started.

**Deposit:** The sum of all Premium Payments and Personal Pension Account Contributions.

**Dollar Cost Averaging:** A program that allows you to systematically make transfers between Fund options available in your Contract.

**Eligible Investment:** The amount we use to assign applicable CDSC and Premium Based Charge amounts. Eligible Investments are the higher of (a) Deposits less any withdrawals; or (b) your last Valuation Day's Total Balance.

**Enhanced Return Of Premium:** One of two components used to determine the Legacy Lock that provides a Death Benefit amount that will not be reduced by Lifetime Benefit Payments.

**Financial Intermediary:** The broker dealer through whom you purchased your contract or the investment professional who is listed in our administrative systems as the agent of record on your Contract and services your Contract.

**Fixed Accumulation Feature (FAF):** Part of our General Account, where you were able to allocate all or a portion of your Contract Value. In your Contract, the FAF may be called the Fixed Account. Not all classes of Contracts we offered contain a FAF. As of October 4, 2013, we no longer accept new allocations or Premium Payments to the FAF (subject to state variations disclosed in this prospectus).

**Fund:** A registered investment company or a series thereof in which assets of a Sub-Account may be invested.

**General Account:** The General Account includes our Company assets, including any money you may have invested in the FAF, if available, and the Personal Pension Account.

**Guarantee Window:** The seven year time period during which we guarantee Personal Pension Account Payouts. You set your Guarantee Window by selecting your Target Income Age (when you make your first Personal Pension Account Contribution). Your Guarantee Window is three years before and after your Target Income Age.

**Guaranteed Accumulation Benefit:** The amount used to determine the Safety Plus Transfer Limit, the rider charge and the guaranteed amount payable at the rider maturity date.

**Guaranteed Payout Duration:** The time period (sometimes referred to as a period certain) specified in Annuity Payout Options Three, Five and Six; and with respect to Annuity Payout Options Two and Eight, the time period equal to the applicable Annuity Payout Value divided by the corresponding Personal Pension Account Payout.

**In Good Order:** Certain transactions require your authorization and completion of requisite forms. Such transactions will not be considered in good order unless received by us in our Administrative Office or via telephone or through an internet transaction. Generally, our request for documentation will be considered in good order when we receive all of the requisite information on the form required by us.

**Joint Annuitant:** The person on whose life Annuity Payouts are based if the Annuitant dies after Annuitization. You may name a Joint Annuitant only if your Annuity Payout Option provides for a survivor. The Joint Annuitant may not be changed.

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**Lifetime Benefit Payment:** The maximum guaranteed amount that can be withdrawn each year under Future5, Future6 and Daily Lock Income Benefit riders.

**Lifetime Income Eligibility Date:** The Valuation Day when the Covered Life has an attained age of 59½.

**Market Increases:** A potential increase to your Payment Base prior to the deduction of rider charges based on market performance subject to the applicable Payment Base Cap, if any.

**Maximum Anniversary Value:** The highest Contract Value as of each Contract Anniversary prior to the date of death of the oldest Owner or the Annuitant's 81st birthday, whichever first occurs, adjusted for any Premium Payments, or transfers to or from the Personal Pension Account and partial Surrenders occurring after such Contract Anniversary.

**Maximum Daily Value:** The highest attained Contract Value prior to the first to occur of the date of death or the oldest Owner or the Annuitant's 81st birthday, and adjusted for any Premium Payments, any transfers to or from the Personal Pension Account and any partial Surrenders.

**Net Investment Factor:** This is used to measure the investment performance of a Sub-Account from one Valuation Day to the next, and is also used to calculate your Annuity Payout amount.

**1933 Act:** The Securities Act of 1933, as amended.

**1934 Act:** The Securities Exchange Act of 1934, as amended.

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

**Non-Valuation Day:** Any day the New York Stock Exchange is not open for trading.

**Payee:** The person or party you designate to receive Annuity Payouts.

**Payment Base:** The amount used to determine the Lifetime Benefit Payments, Threshold Payments, Transfer Limit and rider charge under the Future5, Future6, or Daily Lock Income Benefit riders.

**Payment Base Cap:** The maximum percentage the Payment Base may be increased due to a Market Increase or a Deferral Bonus under the Future6, Future5 or Daily Lock Income Benefit riders.

**Payout Purchase Rates:** The monthly rates per thousand that we agree to apply upon establishing an Annuity Payout Value.

**Personal Pension Account Contributions:** Sums allocated to the Personal Pension Account. Personal Pension Account Contributions may take the form of Deposits or transfers of Contract Value from Sub-Accounts or the FAF (if applicable).

**Personal Pension Account Payouts:** Regularly scheduled periodic payments of Annuity Payout Value.

**Premium or Premium Payment:** Money sent to us to be invested in your Sub-Accounts and your FAF. A Premium Payment does not include Personal Pension Account Contributions. Portions of your Benefit Balance transferred to Sub-Accounts and/or the FAF are considered to be Premium Payments that become part of your Contract Value.

**Remaining Gross Premium:** Equals the Premium Payments adjusted by prior partial Surrenders. During the CDSC period, Premium Payments will be adjusted for partial Surrenders in excess of the AWA; after the CDSC period, Premium Payments will be adjusted for all partial Surrenders.

**Required Minimum Distribution (RMD):** A federal requirement that individuals of a specified age and older must take a distribution from their tax-qualified retirement account by December 31, each year. For employer sponsored qualified Contracts, the individual must begin taking distributions at the specified age or upon retirement, whichever comes later. The required beginning date is now based on "applicable age" as defined in the Code. If you attain age 72 after 2022 and age 72 before 2033, your applicable age is 73. If you attain age 74 after 2032, your applicable age is 75. If you were born in 1959, you should consult your tax advisor regarding your "applicable age" because it is unclear under SECURE 2.0, as enacted, whether your "applicable age" is age 73 or age 75.

**Spouse:** A person related to a Contract Owner by marriage pursuant to the Code.

**Sub-Accounts:** The variable investment options under the Contract, also referred to as Fund options.

**Sub-Account Value:** The value of each Sub-Account on or before the Annuity Calculation Date, which is determined on any day by multiplying the number of Accumulation Units by the Accumulation Unit Value for each Sub-Account.

**Surrender:** A complete or partial withdrawal from your Contract. For the purposes of optional riders only, a Surrender may also include a transfer of Contract Value to Benefit Balance.

**Surrender Value:** The amount we pay you if you terminate your Contract before the Annuity Commencement Date. The Surrender Value is equal to the Contract Value minus any applicable charges (subject to rounding). Surrender Value does not include the Commuted Value of your Personal Pension Account.

**Target Income Age:** The year that commences with the birthday of the oldest Annuitant during which Personal Pension Account Payouts are expected to begin. Target Income Age establishes your Guarantee Window during which a guaranteed Payout Purchase Rate will be applied to your Accumulation Balance.

**Threshold Payments:** The amount payable in the form of partial Surrenders under the Future5, Future6, or Daily Lock Income Benefit riders taken prior to the relevant Covered Life's Lifetime Income Eligibility Date.

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**Total Balance:** The sum of your Contract Value and Benefit Balance.

**Transfer Limit:** The threshold amount that you may partially Surrender or move within the Contract without causing your rider benefits to be reduced on a proportionate basis or terminate your Deferral Bonus Period for the Future5, Future6, or Daily Lock Income Benefit riders. The Transfer Limit varies by rider.

**Valuation Day:** Every day the New York Stock Exchange is open for trading. Values of the Separate Account are determined as of the close of the New York Stock Exchange. The Exchange generally closes at 4:00 p.m. Eastern Time but may close earlier on certain days and as conditions warrant.

**Valuation Period:** The time span between the close of trading at the New York Stock Exchange from one Valuation Day to the next.

**We, us, our, the Company or Talcott Resolution:** Talcott Resolution Life and Annuity Insurance Company or Talcott Resolution Life Insurance Company, as applicable, depending on which company issued your contract .

**Withdrawal Percentage:** The percentage of your Payment Base that you may withdraw each Contract Year in the form of a Lifetime Benefit Payment or Threshold Payment.

**2. Overview of the Contract**

**Purpose of the Contract**

The Contract is designed for retirement planning purposes. You make investments in the Contract's investment options during the accumulation phase. The value of your investments is used to set your benefits under the Contract. At the end of the accumulation phase, we use that accumulated value to set the payments that we make during the payout phase. The payout phase is often referred to as the annuity phase. Investing in the Contract's investment options involves risk and you can lose your money. On the other hand, investing in the Contract can provide you with the opportunity to grow your money and your Contact's benefits through investing in the Contract's investment options during the accumulation phase. The Contract also includes a death benefit to help financially protect your Beneficiaries.

This Contract may be appropriate for you if you have a long investment time horizon. It is not intended for people who may need to make early or frequent withdrawals or who intend to engage in frequent trading in the Funds that are available under the Contract.

The Contract is no longer for sale. However, we continue to administer the in force Contracts.

**Phases of the Contract**

The contract has two phases: (1) an accumulation period (for savings) and (2) a payout or annuity period (for income).

***Accumulation Period.*** To accumulate value during the Accumulation Period, you invest your Premium Payments and earnings in the investment options that are available under the Contract, which include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • The Fund options (also referred to as Sub-Accounts), which have different underlying mutual funds with different investment objectives, strategies and risks.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • The Fixed Accumulation Feature (also referred to as the "FAF"), which guarantees principal and a minimum interest rate. We no longer accept new allocations or Premium Payments to the FAF except for Contracts issued in Massachusetts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • The Personal Pension Account, which guarantees principal and a minimum interest rate, as well as predetermined lifetime payouts during the Guarantee Window and a death benefit. We no longer accept new allocations or Premium Payments to the Personal Pension Account except for Contracts issues in Connecticut, Florida, New Jersey and Washington.

**Additional information about the investment options is provided in an appendix to this prospectus. See "Appendix A - Investment Options Available Under the Contract."**

***Annuity Period.*** Your Contract enters the payout phase on the later of the 10th Contract Anniversary or the date the Annuitant reaches age 90 (or age 100 if you are eligible to defer the Annuity Commencement Date and properly elect it). When your Contract enters the payout phase, your accumulated value is converted into a stream of income payments from us (*i.e.*, the Annuity Payout). There are a variety of Annuity Payout Options from which you may choose, including payments for life or for a guaranteed period of years. The payments may be fixed or variable or a combination of both. Variable payments will vary based on the performance of the investment options you select.

During the payout phase, you will no longer be able to take withdrawals from your Contract and no amounts will be payable upon death unless the Annuity Payout Option that you selected provides otherwise. Your living benefits generally terminate when you enter the payout phase.

**Contract Features**

***Contract Classes.*** This prospectus describes four different classes of the Contract: B Share, C Share, I Share and L Share. The classes have different fees and expenses (including surrender charges and periodic charges).

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***Contract Versions.*** The Contract was sold under various marketing names depending on which Financial Intermediary sold the Contract and/or when the Contract was sold. These marketing names include: Personal Retirement Manager Series III and Huntington Personal Retirement Manager Series III. Different investment options and investment restrictions may apply to different versions of the Contract. See Appendix A and Appendix A.1 for more information.

***Accessing Your Money.*** Before your Contract is annuitized, you can withdraw money from your Contract at any time. If you take a withdrawal, you may have to pay a surrender charge and/or income taxes, including a tax penalty if you are younger than age 59½.

***Tax Treatment.*** You can transfer money between investment options without tax implications, and earnings (if any) on your investments are generally tax-deferred. You are taxed only upon: (1) making a withdrawal; (2) receiving a payment from us; or (3) payment of a death benefit.

***Death Benefits.*** The Contract includes a standard death benefit for no additional charge that will pay the Contract Value upon you or the Annuitant's death during the accumulation period. We offered various optional death benefits under the contract that are no longer for sale. If you elected one of the four optional death benefit riders for an additional charge (Maximum Anniversary Value V, Return of Premium V, Legacy Lock, or Maximum Daily Value) a guaranteed minimum death benefit may be payable upon death.

***Optional Living Benefits.*** We offered various optional living benefits under the Contract that are no longer for sale, including a guaranteed minimum withdrawal benefit (Future5, Future6, and Daily Lock), one guaranteed accumulation benefits (Safety Plus). If you own one of these optional benefits, you pay an additional charge.

***Advisory Fee Withdrawals.*** If you receive services for your Contract from a third-party financial intermediary who charges an advisory fee for their services, that fee is in addition to Contract fees and expenses. If you elect to pay the advisory fee by taking withdrawals from your Contract Value, the deduction for that fee is subject to surrender charges and will count toward your Annual Withdrawal Amount. Withdrawals to pay advisory fees will also reduce death benefits and other guaranteed benefits under the Contract and may be subject to federal and state income taxes and a 10% federal penalty tax. See "Deduction of the Advisory Fee" under Section 7.c. "Charges and Fees," Section 9. "Death Benefits," and Section 13. "Federal Tax Considerations" for more information.

***Additional Features and Services.*** Certain additional features and services related to the Contract are summarized below. There are no additional charges associated with these features or services unless otherwise indicated. Not all features and services may be available under your Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***InvestEase.*** Allows you to have money automatically transferred from your checking or savings account into your Contract on a monthly or quarterly basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Asset Allocation Models.*** Allows you to select an asset allocation model of Funds based on potential factors such as risk tolerance, time horizon or investment objective or based on groups of certain Funds or Fund families.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Asset Rebalancing.*** Allows you to automatically rebalance Contract Value in the Fund options at a specified frequency to the asset allocation percentages that you previously selected.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Dollar Cost Averaging.*** We offer two Dollar Cost Averaging programs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ◦ ***Fixed Amount DCA.*** Allows you to regularly transfer a fixed amount from any Fund Option (or the FAF, if applicable) to another Fund option(s) or the Personal Pension Account, if available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ◦ ***Earnings/Interest DCA.*** Allows you to regularly transfer earnings (or interest) from your investments in the Fund options (or FAF, if available) to other Fund option(s) or the Personal Pension Account, if available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ***Automatic Income Program.*** Allows you to make automatic, periodic withdrawals of up to 5% of your total Premium Payments without any surrender charges that would otherwise apply.

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**3. Key Information Table**

**Important Information You Should Consider About the Contract**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **Location in Prospectus** |
| **Are there Charges for Early Withdrawals?** | **Yes.** Your Contract may be subject to surrender charges depending on the class of Contract that you own (i.e., B Share, C Share, I Share or L Share). Surrender charges may apply to both partial and full Surrenders.<br>&nbsp;&nbsp;&nbsp;&nbsp;• B Share. If you withdraw money from your contract within 7 years following your last Premium Payment, you may be assessed a surrender charge of up to 8.5% (as a percentage of Premium Payments withdrawn), declining to 0% over that time period.<br>&nbsp;&nbsp;&nbsp;&nbsp;• C Share. No surrender charges.<br>&nbsp;&nbsp;&nbsp;&nbsp;• I Share. No surrender charges.<br>&nbsp;&nbsp;&nbsp;&nbsp;• L Share. If you withdraw money from your contract within 4 years following your last premium payment, you may be assessed a surrender charge of up to 8% (as a percentage of Premium Payments withdrawn), declining to 0% over that time period.<br>For example, if you were to withdraw $100,000 during a surrender charge period, you could be assessed a charge of up to $8,500 for a B Share contract or $8,000 for an L Share contract. No surrender charges would apply to a C Share contract or an I Share contract. Losses due to surrender charges will be greater if there are taxes or tax penalties. | **Yes.** Your Contract may be subject to surrender charges depending on the class of Contract that you own (i.e., B Share, C Share, I Share or L Share). Surrender charges may apply to both partial and full Surrenders.<br>&nbsp;&nbsp;&nbsp;&nbsp;• B Share. If you withdraw money from your contract within 7 years following your last Premium Payment, you may be assessed a surrender charge of up to 8.5% (as a percentage of Premium Payments withdrawn), declining to 0% over that time period.<br>&nbsp;&nbsp;&nbsp;&nbsp;• C Share. No surrender charges.<br>&nbsp;&nbsp;&nbsp;&nbsp;• I Share. No surrender charges.<br>&nbsp;&nbsp;&nbsp;&nbsp;• L Share. If you withdraw money from your contract within 4 years following your last premium payment, you may be assessed a surrender charge of up to 8% (as a percentage of Premium Payments withdrawn), declining to 0% over that time period.<br>For example, if you were to withdraw $100,000 during a surrender charge period, you could be assessed a charge of up to $8,500 for a B Share contract or $8,000 for an L Share contract. No surrender charges would apply to a C Share contract or an I Share contract. Losses due to surrender charges will be greater if there are taxes or tax penalties. | **Yes.** Your Contract may be subject to surrender charges depending on the class of Contract that you own (i.e., B Share, C Share, I Share or L Share). Surrender charges may apply to both partial and full Surrenders.<br>&nbsp;&nbsp;&nbsp;&nbsp;• B Share. If you withdraw money from your contract within 7 years following your last Premium Payment, you may be assessed a surrender charge of up to 8.5% (as a percentage of Premium Payments withdrawn), declining to 0% over that time period.<br>&nbsp;&nbsp;&nbsp;&nbsp;• C Share. No surrender charges.<br>&nbsp;&nbsp;&nbsp;&nbsp;• I Share. No surrender charges.<br>&nbsp;&nbsp;&nbsp;&nbsp;• L Share. If you withdraw money from your contract within 4 years following your last premium payment, you may be assessed a surrender charge of up to 8% (as a percentage of Premium Payments withdrawn), declining to 0% over that time period.<br>For example, if you were to withdraw $100,000 during a surrender charge period, you could be assessed a charge of up to $8,500 for a B Share contract or $8,000 for an L Share contract. No surrender charges would apply to a C Share contract or an I Share contract. Losses due to surrender charges will be greater if there are taxes or tax penalties. | **4. Fee Table<br>7. The Contract - c. Charges and Fees - Sales Charges** |
| **Are there Transaction Charges?** | **No.** Other than surrender charges (if any), there are no charges for other contract transactions (e.g., transferring money between investment options). | **No.** Other than surrender charges (if any), there are no charges for other contract transactions (e.g., transferring money between investment options). | **No.** Other than surrender charges (if any), there are no charges for other contract transactions (e.g., transferring money between investment options). | **4. Fee Table** |
| **Are there Ongoing Fees and Expenses?** | **Yes**. The table below describes the current fees and expenses of the contract that you may pay *each year*, depending on the investment options and optional benefits you choose. 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. Fees and expenses do not reflect any advisory fees paid to financial intermediaries from Contract Value or other assets of the Contract Owner. If such charges were reflected, the fees and expenses would be higher. | **Yes**. The table below describes the current fees and expenses of the contract that you may pay *each year*, depending on the investment options and optional benefits you choose. 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. Fees and expenses do not reflect any advisory fees paid to financial intermediaries from Contract Value or other assets of the Contract Owner. If such charges were reflected, the fees and expenses would be higher. | **Yes**. The table below describes the current fees and expenses of the contract that you may pay *each year*, depending on the investment options and optional benefits you choose. 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. Fees and expenses do not reflect any advisory fees paid to financial intermediaries from Contract Value or other assets of the Contract Owner. If such charges were reflected, the fees and expenses would be higher. | **4. Fee Table<br>7. The Contract - c. Charges and Fees<br>Appendix A- Investment Options Available Under the Contract** |
| | **Annual Fee** | **Minimum** | **Maximum** | |
|  | Base Contract<br>(varies by contract class) | 0.31%¹ | 1.51%¹ |  |
|  | Fund fees and expenses | 0.39%² | 2.32%² |  |
|  | Optional benefits available for an additional charge<br>(for a single optional benefit, if elected) | 0.75%<sup>3</sup> | 2.50%<sup>3</sup> |  |
|  | <sup>1</sup> As a percentage of average daily Contract Value. Includes the Mortality and Expense Risk Charge and Administrative Charge, plus a percentage attributable to the Annual Maintenance Fee. In addition to base contract fees, B Share contracts are also subject to an annual Premium Based Charge equal to 0.50% (as a percentage of Remaining Gross Premiums invested in the Fund Options).<br><sup>2</sup> As a percentage of Fund net assets.<br><sup>3</sup> As a percentage of average daily Contract Value or Payment Base depending on the <br>&nbsp;&nbsp;&nbsp;&nbsp;optional benefit selected.<br><sup>4</sup> As a percentage of Payment Base. | <sup>1</sup> As a percentage of average daily Contract Value. Includes the Mortality and Expense Risk Charge and Administrative Charge, plus a percentage attributable to the Annual Maintenance Fee. In addition to base contract fees, B Share contracts are also subject to an annual Premium Based Charge equal to 0.50% (as a percentage of Remaining Gross Premiums invested in the Fund Options).<br><sup>2</sup> As a percentage of Fund net assets.<br><sup>3</sup> As a percentage of average daily Contract Value or Payment Base depending on the <br>&nbsp;&nbsp;&nbsp;&nbsp;optional benefit selected.<br><sup>4</sup> As a percentage of Payment Base. | <sup>1</sup> As a percentage of average daily Contract Value. Includes the Mortality and Expense Risk Charge and Administrative Charge, plus a percentage attributable to the Annual Maintenance Fee. In addition to base contract fees, B Share contracts are also subject to an annual Premium Based Charge equal to 0.50% (as a percentage of Remaining Gross Premiums invested in the Fund Options).<br><sup>2</sup> As a percentage of Fund net assets.<br><sup>3</sup> As a percentage of average daily Contract Value or Payment Base depending on the <br>&nbsp;&nbsp;&nbsp;&nbsp;optional benefit selected.<br><sup>4</sup> As a percentage of Payment Base. |  |
|  | Because your contract is customizable, the choices you may effect how much you will pay. To help you understand the cost of owning your contract, the following table shows the lowest and highest cost you could pay *each year*, based on current charges. This estimate assumes that you do not take withdrawals from the contract, **which could add surrender charges that substantially increase costs**. | Because your contract is customizable, the choices you may effect how much you will pay. To help you understand the cost of owning your contract, the following table shows the lowest and highest cost you could pay *each year*, based on current charges. This estimate assumes that you do not take withdrawals from the contract, **which could add surrender charges that substantially increase costs**. | Because your contract is customizable, the choices you may effect how much you will pay. To help you understand the cost of owning your contract, the following table shows the lowest and highest cost you could pay *each year*, based on current charges. This estimate assumes that you do not take withdrawals from the contract, **which could add surrender charges that substantially increase costs**. |  |
|  | **Lowest Annual Cost: $862** | **Highest Annual Cost: $8,127** | **Highest Annual Cost: $8,127** |  |
|  | Assumes: | Assumes: | Assumes: |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;• Investment of $100,000 | &nbsp;&nbsp;&nbsp;&nbsp;• Investment of $100,000 | &nbsp;&nbsp;&nbsp;&nbsp;• Investment of $100,000 |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;• 5% annual appreciation | &nbsp;&nbsp;&nbsp;&nbsp;• 5% annual appreciation | &nbsp;&nbsp;&nbsp;&nbsp;• 5% annual appreciation |  |

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| | | | |
|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;• Least expensive combination of contract classes and Fund fees and expenses<br>&nbsp;&nbsp;&nbsp;&nbsp;• No optional benefits<br>&nbsp;&nbsp;&nbsp;&nbsp;• No sales charges or advisory fees<br>&nbsp;&nbsp;&nbsp;&nbsp;• No additional premium payments, transfers or withdrawals | &nbsp;&nbsp;&nbsp;&nbsp;• Most expensive combination of contract classes, optional benefits and Fund fees and expenses<br>&nbsp;&nbsp;&nbsp;&nbsp;• No sales charges or advisory fees<br>&nbsp;&nbsp;&nbsp;&nbsp;• No additional premium payments, transfers or withdrawals<br> | |
| | **RISKS** | **RISKS** |<br><br>**Location in Prospectus** |
| **Is there a Risk of Loss from Poor Performance?** | **Yes.** You can lose money by investing in this contract, including loss of principal. | **Yes.** You can lose money by investing in this contract, including loss of principal. | **5. Principal Risks of Investing in the Contract** |
| **Is this a Short-Term Investment?** | **No.** <br>&nbsp;&nbsp;&nbsp;&nbsp;• This contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Surrender charges may apply to withdrawals. If you take a withdrawal, a surrender charge may reduce the value of your contract or the amount of money that you actually receive. <br>&nbsp;&nbsp;&nbsp;&nbsp;• The benefits of tax deferral, long-term income, and living benefit guarantees are generally more beneficial to investors with a long-time horizon.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Withdrawals may be subject to taxes, and a 10% penalty tax may be applied to Surrenders before age 59½. | **No.** <br>&nbsp;&nbsp;&nbsp;&nbsp;• This contract is not designed for short-term investing and is not appropriate for an investor who needs ready access to cash.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Surrender charges may apply to withdrawals. If you take a withdrawal, a surrender charge may reduce the value of your contract or the amount of money that you actually receive. <br>&nbsp;&nbsp;&nbsp;&nbsp;• The benefits of tax deferral, long-term income, and living benefit guarantees are generally more beneficial to investors with a long-time horizon.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Withdrawals may be subject to taxes, and a 10% penalty tax may be applied to Surrenders before age 59½. | **5. Principal Risks of Investing in the Contract** |
| **What are the Risks Associated with the Investment Options?** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** An investment in this contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the contract (e.g., the Funds).<br>&nbsp;&nbsp;&nbsp;&nbsp;• Each investment option (including the FAF and Personal Pension Account, if available) has its own unique risks.<br>&nbsp;&nbsp;&nbsp;&nbsp;• You should review the available investment options before making an investment decision. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** An investment in this contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the contract (e.g., the Funds).<br>&nbsp;&nbsp;&nbsp;&nbsp;• Each investment option (including the FAF and Personal Pension Account, if available) has its own unique risks.<br>&nbsp;&nbsp;&nbsp;&nbsp;• You should review the available investment options before making an investment decision. | **5. Principal Risks of Investing in the Contract** |
| **What are the Risks Related to the Insurance Company?** | An investment in the contract is subject to the risks related to us. Any obligations (including under the FAF or Personal Pension Account), guarantees or benefits of the contract are subject to our claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you. More information about Talcott Resolution, including our financial strength ratings, is available upon request by calling 1-800-862-6668. | An investment in the contract is subject to the risks related to us. Any obligations (including under the FAF or Personal Pension Account), guarantees or benefits of the contract are subject to our claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you. More information about Talcott Resolution, including our financial strength ratings, is available upon request by calling 1-800-862-6668. | **5. Principal Risks of Investing in the Contract** |
|  | **RESTRICTIONS** | **RESTRICTIONS** | **Location in Prospectus** |
| **Are there Restrictions on the Investment Options?** | **Yes.** <br>&nbsp;&nbsp;&nbsp;&nbsp;• Certain investment options may not be available under your contract.<br>&nbsp;&nbsp;&nbsp;&nbsp;• You are allowed to make 1 transfer between the Fund options per day. You are allowed to make 20 transfers between the Fund options per contract year before we require you to submit additional transfer requests by mail. Your transfers between the Fund options are subject to policies designed to deter excessively frequent transfers and market timing. These transfer restrictions do not apply to transfers under the contract's automatic transfer programs.<br>&nbsp;&nbsp;&nbsp;&nbsp;• There are restrictions on the maximum amount that may be transferred annually from the FAF to the Fund options. If the FAF is available for investment, you must wait 6 months after your most recent transfer from the FAF before making a subsequent transfer into the FAF. These transfer restrictions may apply to the contract's automatic income programs.<br>&nbsp;&nbsp;&nbsp;&nbsp;• We reserve the right to remove or substitute Funds as investment options.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Except for contracts issued in certain states, we no longer accept new allocations or Premium Payments into the FAF or the Personal Pension Account.<br>&nbsp;&nbsp;&nbsp;&nbsp;• The availability of investment options may vary depending on the broker-dealer through which the Contract was sold. | **Yes.** <br>&nbsp;&nbsp;&nbsp;&nbsp;• Certain investment options may not be available under your contract.<br>&nbsp;&nbsp;&nbsp;&nbsp;• You are allowed to make 1 transfer between the Fund options per day. You are allowed to make 20 transfers between the Fund options per contract year before we require you to submit additional transfer requests by mail. Your transfers between the Fund options are subject to policies designed to deter excessively frequent transfers and market timing. These transfer restrictions do not apply to transfers under the contract's automatic transfer programs.<br>&nbsp;&nbsp;&nbsp;&nbsp;• There are restrictions on the maximum amount that may be transferred annually from the FAF to the Fund options. If the FAF is available for investment, you must wait 6 months after your most recent transfer from the FAF before making a subsequent transfer into the FAF. These transfer restrictions may apply to the contract's automatic income programs.<br>&nbsp;&nbsp;&nbsp;&nbsp;• We reserve the right to remove or substitute Funds as investment options.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Except for contracts issued in certain states, we no longer accept new allocations or Premium Payments into the FAF or the Personal Pension Account.<br>&nbsp;&nbsp;&nbsp;&nbsp;• The availability of investment options may vary depending on the broker-dealer through which the Contract was sold. | **6. General Information<br>7. The Contract - a. Purchases and Contract Value<br>Appendix A - Investments Options Available under the Contract<br>Appendix A.1 - Investment Options by Product<br>Appendix D - Financial Intermediary Variations** |

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| | | |
|:---|:---|:---|
| **Are There any restrictions on Contract Benefits?** | **Yes.**<br>&nbsp;&nbsp;&nbsp;&nbsp;• Optional benefits may further limit or restrict the investment options that you may select under the contract. We may change these restrictions in the future.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Withdrawals may significantly reduce the death benefit.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Withdrawals may reduce the value of an optional benefit by an amount greater than the value withdrawn or may result in termination of the benefit.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Transfers to the Personal Pension Account may significantly reduce optional benefits, and may reduce the benefit by more than the value transferred.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Contract benefits may not be modified or terminated by us, except as otherwise provided.<br>&nbsp;&nbsp;&nbsp;&nbsp;• If you receive services for your Contract from a third-party financial intermediary who charges an advisory fee for their services, that fee is in addition to Contract fees and expenses. If you elect to pay the advisory fee by taking withdrawals from your Contract Value, the deduction for that fee is subject to surrender charges and will count toward your Annual Withdrawal Amount. Withdrawals to pay advisory fees will also reduce death benefits and other guaranteed benefits under the Contract and may be subject to federal and state income taxes and a 10% federal penalty tax. <br>&nbsp;&nbsp;&nbsp;&nbsp;• The availability of investment options may vary depending on the broker-dealer through which the Contract is sold. | **7. The Contract c. Charges and Fees - Deduction of Advisory Fee<br>7.The Contract - c. Charges and Fees<br>8. Benefits Available Under the Contract<br>9. Death Benefits<br>10. Optional Withdrawal Benefits<br>11. Optional Accumulation Benefits<br>13. Federal Tax Considerations<br>Appendix A - Investment Options Available Under the Contract<br>Appendix C - Optional Rider Comparison<br>Appendix D - Financial Intermediary Variations** |
| | **TAXES** | **Location in Prospectus** |
| **What are the Contract's Tax Implications?** | &nbsp;&nbsp;&nbsp;&nbsp;• Consult with a tax professional to determine the tax implications of an investment in and payment received under the contract.<br>&nbsp;&nbsp;&nbsp;&nbsp;• If you purchased the contract through a tax-qualified plan or IRA, you do not get any additional tax deferral under the contract.<br>&nbsp;&nbsp;&nbsp;&nbsp;• Earnings on your contract are taxed at ordinary income rates when you withdraw them and you may have to pay a penalty if you take a withdrawal before age 59½. | **13. Federal Tax Considerations** |
|  | **CONFLICTS OF INTEREST** | **Location in Prospectus** |
| **How are Investment Professionals Compensated?** | Your investment professional may receive compensation for selling this contract to you, in the form of commissions, additional payments, and non-cash compensation. We may share the revenue we earn on this contract with your investment professional's firm. This conflict of interest may influence your investment professional to recommend this contract over another investment for which the investment professional is not compensated or compensated less. | **12. Additional Information - c. Miscellaneous - How Contracts Were Sold** |
| **Should I Exchange My Contract?** | Some investment professionals may have a financial incentive to offer you a new contract in place of the one you already own. You should only exchange a contract you already own if you determine, after comparing the features, fees and risks of both contracts, and any fees or penalties to terminate your existing contract, that it is better for you to purchase the new contract rather than continue to own your existing contract. | **7. The Contract - a. Purchases and Contract Value - Replacement of Annuities** |

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**4. Fee Table** 

**The following tables describe the fees and expenses that you will pay when buying, owning and surrendering or making withdrawals from an investment option or from the 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 will pay at the time that you buy, Surrender or make withdrawals from an investment option or from the Contract, or transfer Contract value between investment options. State premium taxes may also be deducted.**

**Fees and expenses do not reflect any advisory fees paid to the financial intermediaries from the Contract Value or other assets of the Contract Owner. If such charges were reflected, the fees and expenses would be higher.**

**Transaction Expenses**

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| | | | | |
|:---|:---|:---|:---|:---|
| | | **Surrender Charge** | **Surrender Charge** | |
| |<br>**B Share** | **C Share** | **I Share** |<br>**L Share** |
| **Deferred Sales Load** (or Contingent Deferred Sales Charge or CDSC) (as a percentage of Premium Payments withdrawn) (1) | 8.5% |  |  | 8% |

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(1)Each Deposit has its own CDSC schedule.

---

| | | |
|:---|:---|:---|
| **Number of years from Premium Payment** | **B Share <br>CDSC** | **L Share<br>CDSC** |
| 1 | 8.5% | 8% |
| 2 | 8% | 7% |
| 3 | 7% | 6% |
| 4 | 6% | 5% |
| 5 | 5% | 0% |
| 6 | 4% | 0% |
| 7 | 3% | 0% |
| 8 or more | 0% | 0% |

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The CDSC is a percentage of Remaining Gross Premiums. Please see Section 7.c. "Charges and Fees" and "Contingent Deferred Sales Charge Examples (Class B and Class L Shares)" in Appendix B for more information on how CDSC is calculated.

**The next table describes the fees and expenses that you will pay *each year* during the time that you own the Contract, not including annual Fund fees and expenses. If you purchased an optional benefit, you pay additional charges, as shown below.**

**If you purchased an optional benefit, you pay additional charges, a shown below.**

**Annual Contract Expenses**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **B Share** | **C Share** | **I Share** | **L Share** |
| **Administrative Expenses** (2) | $50 | $50 | $50 | $50 |
| **Premium Based Charge** (3)  | 0.50% |  |  |  |
| **Base Contract Charges** (as a percentage of average daily Sub-Account Values) (4) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortality and Expense Risk Charge | 0.45% | 1.30% | 0.10% | 1.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administrative Charge | 0.20% | 0.20% | 0.20% | 0.20% |
| **Maximum Optional Benefit Charges** (5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum Anniversary Value V (6) | 1.50% | 1.50% | 1.50% | 1.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legacy Lock (7) | 1.50% | 1.50% | 1.50% | 1.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Return of Premium V (8) | 0.75% | 0.75% | 0.75% | 0.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum Daily Value (9) | 1.50% | 1.50% | 1.50% | 1.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Safety Plus (10) | 2.50% | 2.50% | 2.50% | 2.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future6 (11) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Single Life Option | 2.50% | 2.50% | 2.50% | 2.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joint/Spousal Option | 2.50% | 2.50% | 2.50% | 2.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future5 (12) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Single Life Option | 2.50% | 2.50% | 2.50% | 2.50% |

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joint/Spousal Option | 2.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daily Lock Income Benefit (13) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Single Life Option | 2.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joint/Spousal Option | 2.50% |
| Exchange Fee |  |

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(2) We call this the Annual Maintenance Fee in your Contract. The fee is waived if Total Balance is $50,000 or more on your Contract Anniversary. Please see "Annual Maintenance Fee" in Section 7.c. "Charges and Fees" for more information.

(3) For B share Contracts, an annual Premium Based Charge is assessed against each Premium Payment. The Premium Based Charge is a percentage of Remaining Gross Premium. Remaining Gross Premium is equal to Premium Payments adjusted by partial Surrenders. We calculate your Premium Based Charge based on Remaining Gross Premiums on each Contract Anniversary as adjusted since the last Premium Based Charge was taken. Please see "Premium Based Charge" in section 7.c. "Charges and Fees" for more information. The Premium Based Charge will be assessed only with respect to Contract Value invested in Sub-Accounts and not investments in the FAF or the Personal Pension Account. Please see Section 7.c. "Charges and Fees" and Premium Based Charge (Class B Shares) in "Appendix B - Examples."

We assess this charge daily at a rate equivalent to the annual percentage against all Contract Value held in the Separate Account (and not investments in the FAF or the Personal Pension Account) during both the Accumulation and annuity periods of the Contract.

(4) See Section 7.c. "Charges and Fees" for more information.

(5) You could only elect one of the following optional Death Benefits: Legacy Lock, Maximum Daily Value, Maximum Anniversary Value V or Return of Premium V. You could only elect one of the following optional riders: Daily Lock Income Benefit, Future6, Future5 or Safety Plus. All optional charges shown are deducted on each Contract Anniversary.

(6) Rider charge is based on the Death Benefit, not including the Personal Pension Account Death Benefit. Current rider charge is 0.35%.

(7) Rider charge is based on the greater of (a) Enhanced Return of Premium or (b) Return of Premium V Death Benefit on each Contract Anniversary. Current rider charge is 0.95%.

(8) Rider charge is based on the Death Benefit, not including the Personal Pension Account Death Benefit. Current rider charge is 0.25%.

(9) Rider charge based on Maximum Daily Value Death Benefit, not including the Personal Pension Account Death Benefit. The current rider charge is 0.55%.

(10) Rider charge is based on the Guaranteed Accumulation Benefit. The Guaranteed Accumulation Benefit is initially equal to Premium Payments. The Guaranteed Accumulation Benefit will be adjusted by subsequent Premium Payments, partial Surrenders or transfers to or from the Personal Pension Account prior to the first rider anniversary. Current rider charge is 1.25%.

(11) Rider charge is based on Payment Base. The Payment Base is initially equal to Premium Payments. It will fluctuate based on subsequent Premium Payments, Market Increases, Deferral Bonuses, partial Surrenders or transfers to or from the Personal Pension Account. Current rider charge for Single Life Option is 1.75%. Current rider charge for Joint/Spousal Option is 1.95%.

(12) Rider charge is based on Payment Base. The Payment Base is initially equal to Premium Payments. It will fluctuate based on subsequent Premium Payments, Market Increases, Deferral Bonuses, partial Surrenders or transfers to or from the Personal Pension Account. Current rider charge for Single Life Option is 2.00%. Current rider charge for Joint/Spousal Option is 2.50%.

(13) Rider charge is based on Payment Base. The Payment Base is initially equal to Premium Payments. It will fluctuate based in subsequent Premium Payments, Market Increases, Deferral Bonuses, partial Surrenders or transfers to or from the Personal Pension Account. Current rider charge for Single Life Option is 1.25%. Current rider charge for Joint/Spousal Option is 1.50%.

**The following table shows the minimum and maximum total operating expenses charged by the Funds 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. See "Appendix A - Investment Options Available Under the Contract" for a complete list of Funds available under the Contract, including their annual expenses.**

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| | | |
|:---|:---|:---|
| | Minimum | Maximum |
| **Annual Fund Expenses** |  |  |
| (expenses that are deducted from Fund assets, including management fees, distribution and/or service fees (12b-1) fees, and other expenses) | 0.39% | 2.32% |

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**<u>EXAMPLE</u>**

**This Example is intended to help you compare the cost of investing in the Sub-Accounts (*i.e.,* the Fund options) with the cost of investing in other annuities that offer variable options. These costs include transaction expenses, annual Contract expenses, and annual Fund expenses.**

**The Example assumes all Contract value is allocated to the Sub-Accounts. Your costs could differ from those shown below if you invest in the FAF or the Personal Pension Account.** 

**The Example assumes that you invest $100,000 in the Sub-Accounts for the time periods indicated. The Example also assumes that your investment has a 5% return each year and assumes the most expensive combination of annual Fund expenses and optional benefits available for an additional charge. The Example does not reflect any advisory fees paid to financial intermediaries from the Contract Value or other assets of the Contract Owner. If such charges were reflected, costs would be higher. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:**

(1)&nbsp;&nbsp;&nbsp;&nbsp;If you Surrender your Contract at the end of the applicable time period:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **1 year** | **3 years** | **5 years** | **10 years** |
| Huntington Personal Retirement Manager B Share | $16212 | $30341 | $44189 | $79422 |
| Personal Retirement Manager B Share | $16212 | $30341 | $44189 | $79422 |
| Personal Retirement Manager C Share | $10081 | $24326 | $40630 | $81259 |
| Personal Retirement Manager I Share | $6870 | $20905 | $35296 | $72543 |
| Personal Retirement Manager L Share | $16027 | $30182 | $40413 | $80919 |

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(2)&nbsp;&nbsp;&nbsp;&nbsp;If you annuitize at the end of the applicable time period:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **1 year** | **3 years** | **5 years** | **10 years** |
| Huntington Personal Retirement Manager B Share | $4566 | $19894 | $35441 | $74922 |
| Personal Retirement Manager B Share | $4566 | $19894 | $35441 | $74922 |
| Personal Retirement Manager C Share | $5432 | $21376 | $37380 | $77259 |
| Personal Retirement Manager I Share | $4220 | $17955 | $32046 | $68543 |
| Personal Retirement Manager L Share | $5381 | $21235 | $37163 | $76919 |

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(3)&nbsp;&nbsp;&nbsp;&nbsp;If you do not Surrender your Contract:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **1 year** | **3 years** | **5 years** | **10 years** |
| Huntington Personal Retirement Manager B Share | $7716 | $23344 | $39191 | $79422 |
| Personal Retirement Manager B Share | $7716 | $23344 | $39191 | $79422 |
| Personal Retirement Manager C Share | $8082 | $24326 | $40630 | $81259 |
| Personal Retirement Manager I Share | $6870 | $20905 | $35296 | $72543 |
| Personal Retirement Manager L Share | $8031 | $24185 | $40413 | $80919 |

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

**Risk of Loss.** You can lose money by investing in this Contract, including loss of principal. The value of your Contract is not guaranteed by the U.S. government or any federal government agency, insured by the FDIC, or guaranteed by any bank.

**Short-Term Investment Risk.** This Contract is not designed for short-term investing and may not be appropriate for an investor who needs ready access to cash. The benefits of tax deferral, long-term income, and living benefit protections are more beneficial to investors with a long-time horizon. Surrenders may be subject to taxes and tax penalties. For certain classes of the Contract, a Surrender charge and/or Premium Based Charge may apply to Surrenders exceeding the AWA.

**Fund Options Risk.** Amounts that you invest in the Fund options (*i.e.* , the Sub-Accounts) are subject to the risk of poor investment performance. You assume all of the investment risk. Generally, if the Sub-Accounts you select make money, your Contract Value goes up, and if they lose money, your Contract Value goes down. Each Sub-Account's performance depends on the performance of its underlying Fund. Each Fund has its own investment risks, and you are exposed to a Fund's investment risks when you invest in the corresponding Sub-Account. We reserve the right to add, remove, or substitute Funds as investment options. The Funds currently available under the Contract may not be available in the future.

**Contract Risk Charges.** After notice to you, Talcott Resolution may modify the Contract if modification is necessary to (1) operate the Separate Account in compliance with the Investment Company Act of 1940 (the "1940 Act"), (2) transfer any assets in any Sub-Account to another Sub-Account, or to one or more separate accounts, (3) add, combine or remove Sub-Accounts in the Separate Account, (4) substitute the shares held in any Sub-Account with the shares of another Fund or any other investment permitted by law, and (5) make changes required by the Code or other applicable law to continue treatment of the Contract as an annuity contract.

**Withdrawal Risk.** You should carefully consider the risks associated with Surrenders under the Contract. Partial and full Surrenders may be subject to surrender charges and taxes. If you make a Surrender prior to age 59½, there may be adverse tax consequences, including a 10% federal income tax penalty on the taxable portion of the Surrender. Surrenders before age 59½ may also affect the tax-qualified status of some Contracts. You should also consider the impact that a partial Surrender may have on the standard and optional benefits under your Contract. Partial Surrenders will reduce the value of your Death Benefit, perhaps significantly. In addition, partial Surrenders may reduce the value of an optional living or death benefit that you have elected by an amount greater than the amount withdrawn and could result in termination of the benefit. A full Surrender will terminate the Contract and all of its benefits. If you have amounts invested in the FAF or Personal Pension Account and need ready access to cash, you should consider that we may defer payment of any amounts withdrawn from those investment options for up to six months from the date of the Surrender request. You cannot make withdrawals from the Contract after it is annuitized unless the Annuity Payout Option you selected provides otherwise.

**Advisory Withdrawal Risk.** If you receive services for your Contract from a third-party financial intermediary who charges an advisory fee for their services, that fee is in addition to Contract fees and expenses. If you elect to pay the advisory fee by taking withdrawals from your Contract Value, the deduction for that fee is subject to surrender charges and will count toward your Annual Withdrawal Amount. Withdrawals to pay advisory fees will also reduce death benefits and other guaranteed benefits under the Contract and may be subject to federal and state income taxes and a 10% federal penalty tax.

**Investment Restrictions Risk.** If you elected an optional benefit, you may be subject to investment restrictions that limit the investment options that are available to you. We may terminate your benefit if you fail to satisfy such investment restrictions. Investment restrictions are designed to reduce our risk that we will have to make payments to you from our own assets. In turn, they may also limit the potential growth of your Contract Value and the potential growth of your guaranteed benefits. This may conflict with your personal investment objectives. We may modify, add, delete, or substitute (to the extent permitted by applicable law), the asset allocation models, investment programs, Funds, portfolio rebalancing requirements, and other investment requirements and restrictions that apply while an optional benefit subject to investment restrictions is in effect.

**Transfer Risk.** You are allowed to make only one transfer between the Sub-Accounts per day, and you are allowed to only make 20 transfers between the Sub-Accounts per year before we require you to submit additional transfer requests by mail**.** In addition, the Contract's restrictions on the maximum amount that may be transferred annually from the FAF to the Sub-Accounts, and its restrictions on when amounts may be transferred from the Sub-Accounts to the FAF, may apply to you. Any transfer restrictions under the Contract that are applicable to you may limit your ability to readily change how your Contract Value is invested in response to changing market conditions or changes in your personal circumstances.

**Asset Allocation Model Risk.** You may be able to participate in the asset allocation models that are available under the Contract, or the investment restrictions related to an optional benefit you selected may include asset allocation models. Asset allocation does not guarantee that your Contract Value will increase. Nor will it protect against a decline in Contract Value if market prices fall. If you choose to participate in an asset allocation model, you are responsible for determining which model portfolio is best for you.

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**Selection Risk.** The optional benefits under the Contract were designed for different financial goals and to protect against different financial risks. There is a risk that you may not have chosen the benefit or benefits (if any) that are best suited for you based on your present or future needs and circumstances, and the benefits that are more suited for you may no longer be available. In addition, if you elected an optional benefit and do not use it, or if the contingencies upon which the benefit depend never occur, you will have paid for a benefit that did not provide a financial return. There is also a risk that any financial return of an optional benefit, if any, will ultimately be less than the amount you paid for the benefit.

**Financial Strength and Claims-Paying Ability Risk.** Talcott Resolution is the insurance company that issued your Contract. All guarantees under the Contract are subject to our financial strength and claims-paying capabilities. If we experience financial distress, we may not be able to meet our obligations to you. All guarantees and obligations under the FAF and Personal Pension Account are subject to our financial strength and our claims paying ability.

**Cybersecurity and Business Interruption Risk.** Our business is highly dependent upon the effective operation of our computer systems and those of our business partners, so our business is vulnerable to systems failures and cyber-attacks. Systems failures and cyber-attacks may adversely affect us, your Contract and your Contract Value. In addition to cybersecurity risks, we are exposed to the risk that natural and man-made disasters and catastrophes may significantly disrupt our business operations and our ability to administer the Contract. There can be no assurance that we or our service providers will be able to successfully avoid negative impacts associated with systems failures, cyber-attacks, or natural and man-made disasters and catastrophes. For more information, see Section 12. Additional Information e.- Cybersecurity and Disruptions to Business Operations.

**6. General Information**

**a. The Company** 

Talcott Resolution Life Insurance Company is a stock life insurance company originally incorporated under the laws of Massachusetts on June 5, 1902, and subsequently re-domiciled to Connecticut. Talcott Resolution Life Insurance Company is authorized to do business in all states of the United States and the District of Columbia. In June 2018, the Company changed its name from Hartford Life Insurance Company to Talcott Resolution Life Insurance Company.

Talcott Resolution Life and Annuity Insurance Company is a stock life insurance company originally incorporated under the laws of Wisconsin on January 9, 1956, and subsequently re-domiciled to Connecticut. Talcott Resolution Life and Annuity Insurance Company is authorized to do business in Puerto Rico, the District of Columbia, and all states of the United States except New York. In June 2018, the Company changed its name from Hartford Life and Annuity Insurance Company to Talcott Resolution Life and Annuity Insurance Company.

Our corporate offices are located at 1 American Row, Hartford, CT 06103.

We are obligated to pay all amounts promised to you under your Contract. All guarantees under the Contract are subject to our financial strength and claims-paying capabilities. We provide information about our financial strength in reports filed with state insurance departments. You may obtain information about us by contacting us using the information stated on the cover page of this prospectus, visiting our website at www.talcottresolution.com or visiting the SEC's website at www.sec.gov. You may also obtain reports and other financial information about us by contacting your state insurance department.

**b. The General Account**

The FAF and the Personal Pension Account are part of our General Account. Any amounts that we are obligated to pay under the FAF and the Personal Pension Account and any other payment obligation we undertake under the Contract, including Death Benefits and optional withdrawal benefits, are subject to our financial strength and claims-paying ability and our long-term ability to make such payments. We invest the assets of the General Account according to the laws governing the investments of insurance company general accounts. The General Account is not a bank account and is not insured by the FDIC or any other government agency. We receive a benefit from all amounts held in our General Account. Amounts in our General Account are available to our general creditors. We issue other types of insurance policies and financial products and pay our obligations under these products from our assets in the General Account. As of October 4, 2013, we no longer accept new allocations or Premium Payments to the FAF except for contracts issued in Massachusetts. (As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value) except for Contracts issued in CT, FL, NJ and WA).

**c. The Separate Account** 

If your Contract is issued by Talcott Resolution Life and Annuity Insurance Company, the Sub-Accounts are part of Talcott Resolution Life and Annuity Insurance Company Separate Account Seven, a segregated asset account of Talcott Resolution Life and Annuity Insurance Company. Talcott Resolution Life and Annuity Insurance Company Separate Account Seven is registered as a unit investment trust under the 1940 Act on April 1, 1999. If your Contract is issued by Talcott Resolution Life Insurance Company, the Sub-Accounts are part of Talcott Resolution Life Insurance Company Separate Account Seven, a segregated asset account of Talcott Resolution Life Insurance Company. Talcott Resolution Life Insurance Company

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Separate Account Seven was registered as a unit investment trust under the 1940 Act on December 8, 1986. The Separate Account meets the definition of "separate account" under federal securities laws. The Separate Account holds only assets for variable annuity contracts.

Income, gains and losses credited to, or charged against, the Separate Account reflect the Separate Account's own investment experience and not the investment experience of our other assets, including our General Account or our other separate accounts. The assets of the Separate Account may not be used to pay any of our liabilities other than those arising from the Contracts and other variable annuities supported by the Separate Account.

We do not guarantee the investment results of the Separate Account.

**d. The Funds**

The Sub-Accounts are subdivisions of our Separate Account, an account that keeps your Contract assets separate from our company assets. The Sub-Accounts then purchase shares of mutual funds set up exclusively for variable annuity or variable life insurance products. These are not the same mutual funds that you buy through your investment professional even though they may have similar investment strategies and the same portfolio managers. Each Fund has varying degrees of investment risk. Contract Value allocated to a Sub-Account will vary based on the investment experience of the corresponding Fund in which the Sub-Account invests. There is a risk of loss of the entire amount invested. Funds are also subject to separate fees and expenses such as management fees, distribution charges and operating expenses. We do not guarantee the investment results of any Fund. Certain Funds may not be available in all Contract classes. The Funds available in your Contract class are listed in Appendix A.1.

Information regarding each Fund, including (i) its name, (ii) its type, (iii) its investment adviser and any sub-investment adviser, (iv) current expenses, and (v) performance is available in an appendix to this prospectus. See "Appendix A - Investment Options Available Under the Contract." Each Fund has issued a prospectus that contains more detailed information about the Fund. Read these prospectuses carefully before investment. Paper or electronic copies of the Fund prospectuses may be obtained by calling us at 1-800-862-6668, emailing us at asccontactus@cognisurance.com or visiting:

**Issued by Talcott Resolution Life Insurance Company:**

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| | |
|:---|:---|
| **Class of Contract** | **Website Address** |
| Personal Retirement Manager Series III B Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y285 |
| Personal Retirement Manager Series IV C Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y343 |
| Personal Retirement Manager Series III L Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y335 |
| Huntington Personal Retirement Manager Series III B Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y293 |

---

**Issued by Talcott Resolution Life and Annuity Insurance Company:**

---

| | |
|:---|:---|
| **Class of Contract** | **Website Address** |
| Personal Retirement Manager Series III B Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A254 |
| Personal Retirement Manager Series IV C Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A288 |
| Personal Retirement Manager Series III I Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A262 |
| Personal Retirement Manager Series III L Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A270 |

---

**Voting Rights —** We are the legal owners of all Fund shares held in the Separate Account and we have the right to vote at the Funds' shareholder meetings. To the extent required by federal securities laws or regulations, we will:

• notify you of any Fund shareholders' meeting if the shares held for your Contract may be voted;

• send proxy materials and a form of instructions that you can use to tell us how to vote the Fund shares held for your Contract;

• arrange for the handling and tallying of proxies received from Owners;

• vote all Fund shares attributable to your Contract according to timely instructions received from you, and

• vote all Fund shares for which no timely voting instructions are received in the same proportion as shares for which timely voting instructions have been received.

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If any federal securities laws or regulations, or their present interpretation, change to permit us to vote Fund shares on our own, we may decide to do so. You may attend any shareholder meeting at which Fund shares held for your Contract may be voted. After we begin to make Annuity Payouts to you, the number of votes you have will decrease. There is no minimum number of shares for which we must receive timely voting instructions before we vote the shares. Therefore, as a result of proportional voting, the instruction of a small number of Owners could determine the outcome of matters subject to shareholder vote.

**Substitutions, Additions, or Deletions of Funds —** Subject to any applicable law, we may make certain changes to the Sub-Accounts offered under your Contract. We may, at our discretion, establish new Sub-Accounts. New Sub-Accounts may be made available to existing Owners as we deem appropriate. We may also close one or more Sub-Accounts to additional Premium Payments or transfers from existing Sub-Accounts. We may liquidate a Sub-Account if the underlying Fund decides to liquidate. Unless otherwise directed, if a Fund does not survive a merger or reorganization, your investment instructions will be automatically updated to include the Sub-Account investing in the Fund that survived the merger or reorganization.

We may eliminate the shares of any of the Funds from the Contract for any reason and we may substitute shares of another registered investment company for the shares of any Fund already purchased or to be purchased in the future by the Separate Account. To the extent required by the 1940 Act, substitutions of shares attributable to your interest in a Fund will not be made until we have satisfied applicable law and we have notified you of the change.

In the event of any substitution or change, we may, by appropriate endorsement, make any changes in the Contract necessary or appropriate to reflect the substitution or change. If we decide that it is in the best interest of the Owners, the Separate Account may be operated as a management company under the 1940 Act or any other form permitted by law, may be de-registered under the 1940 Act in the event such registration is no longer required, or may be combined with one or more other separate accounts.

**Fees and Payments We Receive from Funds and related parties —** We receive substantial fees and varying administrative services payments and Rule 12b-1 fees from certain Funds or related parties. These types of payments and fees are sometimes referred to as "revenue sharing" payments. We consider revenue sharing payments and fees among a number of factors when deciding to add or keep a fund on the menu of Funds that we offer through the Contract. We collect these payments and fees under agreements with a Fund's principal underwriter, transfer agent, investment adviser and/or other entities related to the Fund. We expect to make a profit on these fees.

The availability of these types of arrangements creates an incentive for us to seek and offer Funds (and classes of shares of such Funds) that pay us revenue sharing. Other Funds (or available classes of shares) may have lower fees and better overall investment performance. As of December 31, 2025, we have entered into arrangements to receive administrative service payments and/or Rule 12b-1 fees from each of the following Fund complexes (or affiliated entities):

AllianceBernstein Variable Products Series Funds & Alliance Bernstein Investments, American Century Investment Services Inc., BlackRock Advisors, LLC, BlackRock Investment, LLC, Columbia Management Distributors, Inc., Fidelity Distributors Corporation, Fidelity Investments Institutional Operations Company, Franklin Templeton Services, LLC, Hartford HLS Funds, Invesco Distributors Inc., Lincoln Financial Investments, Lord Abbett Series Fund & Lord Abbett Distributor, LLC, MFS Fund Distributors, Inc. & Massachusetts Financial Services Company, Morgan Stanley Distribution, Inc. & Morgan Stanley Investment Management & The Universal Institutional Funds, JPMorgan Investment Advisors, Inc., Pioneer Variable Contracts Trust & Pioneer Investment Management, Inc. & Pioneer Funds Distributor, Inc., Prudential Investment Management Services, LLC, Putnam Retail Management Limited Partnership, The Victory Variable Insurance Funds & Victory Capital Management, Inc. & Victory Capital Advisers, Inc. and Wells Fargo Variable Trust & Wells Fargo Fund Management, LLC.

Not all Fund complexes pay the same amount of fees and compensation to us and not all Funds pay according to the same formula. Because of this, the amount of fees and payments received by us varies by Fund and we may receive greater or less fees and payments depending on the Funds you select. Revenue sharing payments and Rule 12b-1 fees did not exceed 0.40% and 0.35%, respectively, in 2025, and are not expected to exceed 0.40% and 0.35%, respectively, of the annual percentage of the average daily net assets (for instance, assuming that you invested in a Fund that paid us the maximum fees and you maintained a hypothetical average balance of $10,000, we would collect a total of $25 from that Fund). For the fiscal year ended December 31, 2025, revenue sharing payments and Rule 12b-1 fees did not collectively exceed approximately $65 million.

**e. Fixed Accumulation Feature**

**As of October 4, 2013, we no longer accept new allocations or Premium Payments to the FAF except for contracts issued in Massachusetts. Any Contract Value currently invested in the FAF may remain.**

**The following information applies only for Contract Value allocated to or in the FAF as of October 4, 2013.**

**Important Information You Should Know: The FAF is not registered under the 1933 Act and the FAF is not registered as an investment company under the 1940 Act. The FAF or any of its interests are not subject to the** 

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**provisions or restrictions of the 1933 Act or the 1940 Act. The following disclosure about the FAF may be subject to certain generally applicable provisions of the federal securities laws regarding the accuracy and completeness of disclosures. The FAF is not offered in all Contracts and is not available in all states or if you have elected either the Future 6, Daily Lock Income Benefit or Safety Plus rider.**

Information regarding the features of each currently offered fixed option, including (i) its name, and (ii) its minimum guaranteed interest rate, is available in an appendix to the prospectus. See "Appendix A - Investment options Available Under the Contract."

Amounts allocated to the FAF earn interest at a guaranteed annual rate. Compound interest is credited daily to Contract Value allocated to the FAF. We guarantee that we will credit interest to amounts you allocate to the FAF at a minimum rate that meets your State's minimum non-forfeiture requirements. Non-forfeiture rates vary from state to state. The guaranteed minimum interest rate will never be less than an effective annual rate of 1.5%. We reserve the right to prospectively declare different rates of excess interest depending on when amounts are allocated or transferred to the FAF. This means that amounts at any designated time may be credited with a different rate of excess interest than the rate previously credited to such amounts and to amounts allocated or transferred at any other designated time. We will periodically publish the FAF interest rates currently in effect. If you are invested in the FAF, we send you notice of the FAF credited rate annually. There is no specific formula for determining interest rates and no assurances are offered as to future rates. Some of the factors that we may consider in determining whether to credit excess interest are: general economic trends, rates of return currently available for the types of investments and durations that match our liabilities and anticipated yields on our investments, regulatory and tax requirements, and competitive factors.

The following is a list of fixed options currently available under the Contract. We may change the features of the fixed options listed below, offer new fixed options, and terminate existing fixed options. We will provide you with written notice before doing so.

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| | | |
|:---|:---|:---|
| **Name** | **Term** | **Minimum Guaranteed Interest Rate** |
| Fixed Accumulation Feature | N/A | 1.5% |
| Personal Pension Account | N/A | 1.5% |

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We will account for any deductions, Surrenders or transfers from the FAF on a "first-in, first-out" basis (i.e., oldest investments will be liquidated first).

Asset Rebalancing is not available for the FAF.

The FAF is not available for Personal Retirement Manager C-Share Series IV, Personal Retirement Manager I-Share Series III, or Personal Retirement Manager L-Share Series III.

**If you elect to pay an advisory fee to a third-party financial intermediary for advisory services by taking withdrawals from your Contract Value, the amount of your withdrawal allocated to the FAF will reduce your Contract's FAF value.**

**Any interest credited to amounts you allocate to the FAF in excess of the minimum guaranteed interest rate will be determined at our sole discretion. You assume the risk that interest credited to the FAF may not exceed the minimum guaranteed interest rate for any given year. While we do not charge a separate rider fee for investing in the FAF, our expenses associated with offering this feature are factored into the FAF credited rates.** 

Except as otherwise provided, during each Contract Year, you may make transfers out of the FAF to Sub-Accounts or the Personal Pension Account, subject to the transfer restrictions discussed below. All transfer allocations must be in whole numbers (e.g., 1%). Each Contract Year you may transfer the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 30% of the Contract Value in the FAF as of the last Contract Anniversary. When we calculate the 30%, we add Premium Payments allocated to the FAF, transfers from Sub-Accounts and transfers from the Personal Pension Account made after that date but before the next Contract Anniversary. These restrictions also apply to systematic transfers; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• an amount equal to your largest previous transfer from the FAF in any one Contract Year.

We apply these restrictions to all transfers from the FAF, including all systematic transfers and Dollar Cost Averaging Programs.

If your interest rate renews at a rate at least 1% lower than your prior interest rate, you may transfer any amount up to 100% of the amount to be invested at the renewal rate. You must make this transfer request within 60 days of being notified of the renewal rate.

We may defer transfers and partial Surrenders from the FAF for up to six months from the date of your request.

As a result of these limitations, it may take a significant amount of time (i.e., several years) to move Contract Value in the FAF to Sub-Accounts and/or Personal Pension Account and therefore this may not provide an effective short term defensive strategy.

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**7. The Contract**

**a. Purchases and Contract Value** 

**Who could buy this Contract?** 

This Contract is no longer available for sale. The Contract is an individual or group tax-deferred variable annuity Contract. It was designed for retirement planning purposes and was available for purchase by any individual, group or trust, including:

• Any trustee or custodian for a retirement plan qualified under Sections 401(a) or 403(a) of the Code;

• Individual Retirement Annuities adopted according to Section 408 of the Code;

• Employee pension plans established for employees by a state, a political subdivision of a state, or an agency of either a state or a political subdivision of a state; and

• Certain eligible deferred compensation plans as defined in Section 457 of the Code.

The examples above represent qualified Contracts, as defined by the Code. In addition, individuals and trusts were able to purchase Contracts that were not part of a tax qualified retirement plan. These are known as non-qualified Contracts.

If you purchased the Contract for use in an IRA or other qualified retirement plan, you should consider other features of the Contract besides tax deferral, since any investment vehicle used within an IRA or other qualified plan receives tax-deferred treatment under the Code.

We do not accept any incoming 403(b) exchanges, transfers or applications for 403(b) individual annuity contracts or additional investments into any individual annuity contract funded through a 403(b) plan.

We do not accept any new retirement plans qualified under Sections 401(a) and 403(a) of the Code or employee pension plans established for employees by a state, a political subdivision of a state, or an agency of either a state or a political subdivision of a state, or certain eligible deferred compensation plans as defined in Section 457 of the Code.

The Personal Pension Account may not be available to all types of qualified Plans.

**How was this Contract Purchased?** 

The Contract was only available for purchase through a Financial Intermediary.

Deposits sent to us must be made in U.S. dollars and checks must be drawn on U.S. banks. We do not accept cash, third party checks or double endorsed checks. We reserve the right to limit the number of checks processed at one time. If your check does not clear, your purchase will be cancelled and you could be liable for any losses or fees incurred. A check must clear our account through our Administrative Office to be considered to be In Good Order.

We reserve the right to impose special conditions on anyone who seeks our prior approval to purchase a Contract with Deposits of $1 million or more. In order to request prior approval, you must submit a completed enhanced due diligence form prior to the submission of your Deposits:

• if you are seeking to purchase a Contract with an initial Deposit of $1 million or more;

• if total Deposits, aggregated by social security number or taxpayer identification number, equal $1 million or more; and

• for all applications where the Owner or joint Owner are non-resident aliens.

You and your Annuitant must not be older than age 80 on the date that your Contract is issued. You must be of minimum legal age in the state where the Contract is being purchased or a guardian must act on your behalf. Optional riders are subject to additional maximum issue age restrictions.

We urge you to discuss with your investment professional which share class is suitable for your needs. Share class availability and/or mortality and expense risk charge arrangements may vary based on the Financial Intermediary selling this variable annuity to you. Charges affect your overall rate of return on your Contract Value. In determining whether to invest in a share class that imposes a CDSC, you might consider whether higher mortality and expense risk and Premium Based Charges, if applicable, outweigh the benefits of CDSC that reduce, or are eliminated, over time. Finally, in determining whether to invest in a share class offered through a Financial Intermediary, you might consider how the fee charged by your Financial Intermediary bears in relation to the costs associated with investing in other share classes that impose higher fees.

It is important that you notify us if you change your address. If your mail is returned to us, we are likely to suspend future mailings until an updated address is obtained. In addition, we may rely on a third party, including the US Postal Service, to update your current address. Failure to give us a current address may result in payments due and payable on your annuity contract being considered abandoned property under state law, and remitted to the applicable state and may result in you not receiving important notices about your Contract.

**Replacement of Annuities** 

A "replacement" occurs when a new contract is purchased and, in connection with the sale, an existing contract is surrendered, lapsed, forfeited, assigned to the replacing insurer, otherwise terminated, or used in a financed purchase. A

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"financed purchase" occurs when the purchase of a new annuity contract involves the use of the funds obtained from the values of an existing annuity contract through withdrawal, surrender or loan.

There are circumstances in which replacing your existing annuity contract can benefit you. However, a replacement may not be in your best interest. Accordingly, you should make a careful comparison of the cost and benefits of your existing contract and the proposed contract, and any fees or penalties to terminate your existing contract, with the assistance of your financial and tax advisers to determine whether replacement is in your best interest. You should be aware that the person selling you the new contract will generally earn a commission if you buy the new contract through a replacement. Remember that if you replace a contract with another contract, you might have to pay a surrender charge on the replaced contract, and there may be a new surrender charge period for the new contract. In addition, other charges may be higher (or lower) and the benefits may be different.

You should also note that once you have replaced your variable annuity contract, you generally cannot reinstate it even if you choose not to accept your new variable annuity contract during your "free look" period. The only exception to this rule would be if your previously issued contract was issued in a state that requires the insurer to reinstate the previously surrendered contract if the owner chooses to reject their new variable annuity contract during their "free look" period.

**How are Deposits applied to your Contract?** 

As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).\* Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).

If you are enrolled in any program (e.g., Dollar Cost Averaging Program) that automatically allocates subsequent contributions (Premium Payments) and/or transfers of Contract Value to the Personal Pension Account you MUST provide us with alternative allocation instructions prior to October 3, 2014; otherwise your program will automatically terminate on October 3, 2014\*.

**\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in New York and Oregon.** 

If we receive a subsequent Deposit before the end of a Valuation Day, it will be invested on the same Valuation Day. If we receive your subsequent Deposit after the end of a Valuation Day, it will be invested on the next Valuation Day.

If we receive a subsequent Deposit on a Non-Valuation Day, the amount will be invested on the next Valuation Day. Unless we receive new instructions, we will invest all Deposits based on your last instructions on record. We will send you a confirmation when we invest your Deposit.

Generally, we will receive your order request for a subsequent investment after your Financial Intermediary has completed a suitability review. We will then consider if your investment is In Good Order. While the suitability and good order process is underway, Deposits will not be applied to your Contract. You will not earn any interest on Deposits even if they have been sent to us or deposited into our bank account. We are not responsible for gains or lost investment opportunities incurred during this review period or if your Financial Intermediary asks us to reverse a transaction based on their review of your investment professional's recommendations. The firm that sold this Contract to you, and we may directly or indirectly earn income on your Deposits. For more information, contact your investment professional.

If you receive services for your Contract from a third-party financial intermediary who charges an advisory fee for their services, that fee is in addition to Contract fees and expenses. If you elect to pay the advisory fee by taking withdrawals from your Contract Value, the deduction for that fee is subject to surrender charges and will count toward your Annual Withdrawal Amount. Withdrawals to pay advisory fees will also reduce, perhaps significantly, death benefits and other guaranteed benefits under the Contract and may be subject to federal and state income taxes and a 10% federal penalty tax. See "Deduction of Advisory Fee" in "Section 7.c. "Charges and Fees, Section 9. "Death Benefits" and Section 13. "Federal Tax Considerations" for more information.

Contract Owners should discuss the impact of deducting advisory fees from Contract Value with their financial intermediaries prior to making any election.

**How is Contract Value calculated before the Annuity Commencement Date?** 

The Contract Value is the sum of the value of the FAF, if applicable, and all Funds, and does not include Benefit Balance or any Payment Base associated with an optional benefit. There are two things that affect the value of your Sub-Accounts: (1) the number of Accumulation Units, and (2) the Accumulation Unit Value. Contract Value is determined by multiplying the number of Accumulation Units by the Accumulation Unit Value. On any Valuation Day, your Contract Value will fluctuate because Accumulation Unit Values are affected by the performance of the underlying Funds and the deduction of expenses and certain charges in the Sub-Account.

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When Premium Payments are credited to Sub-Accounts within your Account, they are converted into Accumulation Units by dividing the amount of your Premium Payments, minus any Premium taxes, by the Accumulation Unit Value for that day. The more Premium Payments you make to your Account, the more Accumulation Units you will own. You decrease the number of Accumulation Units you have by requesting partial or full Surrenders, settling a Death Benefit claim or by annuitizing your Contract or as a result of the application of certain Contract charges.

To determine the current Accumulation Unit Value, we take the prior Valuation Day's Accumulation Unit Value and multiply it by the Net Investment Factor for the current Valuation Day.

The Net Investment Factor is used to measure the investment performance of a Sub-Account from one Valuation Day to the next. The Net Investment Factor for each Sub-Account equals:

• The net asset value per share plus applicable distributions per share of each Fund at the end of the current Valuation Day; reduced

• The net asset value per share of each Fund at the end of the prior Valuation Day; reduced by

• Contract charges including the deductions for the mortality and expense risk charge and any other periodic expenses, including charges for optional benefits, divided by the number of days in the year multiplied by the number of days in the Valuation period.

If you elect to pay an advisory fee to a third-party financial intermediary for advisory services by taking withdrawals from your Contract Value, the deduction for that fee will result in the cancellation of accumulation units.

We will send you a statement at least annually.

**What other ways can you invest?** 

You may enroll in the following features (sometimes called a "Program") for no additional fee subject to availability. Not all Programs are available with all Contract share classes.

**Personal Pension Account Transfer Programs. As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).\*** 

Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).

If you are enrolled in any program (e.g., Dollar Cost Averaging Program) that automatically allocates subsequent contributions (Premium Payments) and/or transfers of Contract Value to the Personal Pension Account you MUST provide us with alternative allocation instructions prior to October 3, 2014; otherwise your program will automatically terminate on October 3, 2014\*.

**\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in New York and Oregon.** 

You may instruct us to reallocate portions of your Contract Value invested in Sub-Account(s) and FAF into the Personal Pension Account based on any one of the following options:

• **Fixed Dollar Option:** You may specify a predetermined fixed amount to be transferred into the Personal Pension Account on a monthly, quarterly, semi-annual, or annual basis. Please see Personal Pension Account Example 5 in "Appendix B - Examples" for more information.

• **I nvestment Gains Option:** You may specify that we annually sweep investment gains into the Personal Pension Account. We define investment gains as the positive difference between your Anniversary Value and starting value (as adjusted by partial Surrenders) as of each Contract Anniversary. Your Anniversary Value is your Contract Value as of each Contract Anniversary prior to your Annuity Commencement Date. Your starting value is either (a) your initial Premium Payment (if electing this Program at the time of Contract issuance); or (b) your Contract Value as of the date of enrollment (if electing this Program after Contract issuance). Accordingly, your Anniversary Value may increase from year to year and no portion of your Contract Value will be moved into the Personal Pension Account if your Anniversary Value did not exceed your starting value. Please see Personal Pension Account Example 5 in "Appendix B - Examples" for more information.

• **Income Path Option:** This Program is intended for those who wish to annually increase the proportion of their Total Balance invested in the Personal Pension Account ending with their Target Income Age. You must set the annually increasing portion of your Total Balance that is to be invested in the Personal Pension Account (called a Target Allocation) when you first enroll in the Program. We will reallocate as much of your Contract Value into the Personal Pension Account as is needed to try to meet your Target Allocation on each Contract Anniversary. We will not reallocate portions of your Benefit Balance into Contract Value. The amount of Contract Value transferred to the Personal Pension

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Account cannot be predicted because your Contract Value may go up or down during each Contract Year. In those Contract Years, if any, where your Contract Value has not grown to the level needed to meet your Target Allocation, you will not be able to reach your Target Allocation for that Contract Anniversary. On those Contract Anniversaries where your Target Allocation is not achievable, we will not transfer any Contract Value to the Personal Pension Account. Since the Target Allocations do not change if you miss a year, a larger reallocation may occur in a subsequent year to catch up to your scheduled Target Allocation. Please see Personal Pension Account Example 5(e) in "Appendix B - Examples" for more information.

We will reduce your Sub-Account and FAF holdings on a dollar-for-dollar basis according to the proportion of how Contract Value is currently invested. Annual transfers may be suspended for any Contract Year where your Contract Value is insufficient to comply with your instructions. Please see Section 10.c. for a description of the Personal Pension Account. Please see Personal Pension Account Example 5 in "Appendix B - Examples" for more information.

These Programs will terminate:

• if, as the result of any transfer, your Total Balance is less than that required by our minimum amount rules (as defined in the "What kind of Surrenders are available - Before the Annuity Commencement Date" in Section 7.d.);

• upon notification of death;

• if you annuitize your Contract; or

• if we receive your request to terminate the Program at least five Business Days prior to the next scheduled transfer date. If we do not receive the request in this period, the request will be honored on the next scheduled transfer date.

The Income Path program will automatically terminate at your Target Income Age (when your Target Allocation is reached.). Other considerations:

• These Programs do not assure a profit nor do they protect against loss in declining markets.

• Only one Transfer Program option may be active at any given time. If you wish to change to another Transfer Program option, you must terminate your current Transfer Program and establish a new one of your choice.

• Transfer of Contract Value from Sub-Account(s) or the FAF to the Personal Pension Account may result in a recalculation of AWA and Remaining Gross Premium and may result in a reduction of your AWA. Program transfers may also trigger a proportionate reduction in optional Death Benefits.

• Amounts transferred into the Personal Pension Account will be assigned then current Credited Interest Rates and Payout Purchase Rates as of the date of the transfer. Your existing Target Income Age applies to all transfers into the Personal Pension Account.

• You must have at least $1,000 in the Personal Pension Account prior to enrolling in any of these Programs. The minimum amount that may be transferred to the Personal Pension Account is $1,000. If the minimum amount per transfer is not met under the Fixed Dollar Option program, the transfer frequency will be changed to satisfy the minimum requirement. If the minimum amount per transfer is not met under the Investment Gains program or the Income Path program, that particular scheduled transfer instance will not occur, but the Program will remain active.

• You may not enroll in the Investment Gains and Fixed Dollar programs if any of the following programs are currently elected: Automatic Income Program (AIP), including automatic RMD programs, Dollar Cost Averaging Programs, or the Substantially Equal Periodic Payments Under Code Section 72(q) Program.

• The Personal Pension Account Transfer Programs Investment Gains and Income Path Options are not available if you elect either the Future5, Future6, Daily Lock Income Benefit or the Safety Plus.

**InvestEase** 

This electronic Funds transfer feature allows you to have money automatically transferred from your checking or savings account and deposited into your Contract on a monthly or quarterly basis. It can be changed or discontinued at any time. The minimum amount for each transfer is $50. You can elect to have transfers made into any available Fund, the FAF, or the Personal Pension Account.

**Static Asset Allocation Models** 

This systematic Deposit program feature allows you to select an asset allocation model based on several potential factors including your risk tolerance, time horizon, investment objectives, or your preference to invest in certain Funds or Fund complexes. Based on these factors, you can select one of several asset allocation models, with each specifying percentage allocations among various investment options available under your Contract. Some asset allocation models are based on generally accepted investment theories that take into account the historic returns of different asset classes (e.g., equities, bonds or cash) over different time periods. Other asset allocation models focus on certain potential investment strategies that could possibly be achieved by investing in particular Funds or Fund complexes and are not based on such investment theories. Static asset allocation models offered from time to time are reflected in your application and marketing materials. If a model(s) is no longer available for new assets, we will continue to rebalance existing assets in the model(s) at the

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specified frequency. You may obtain a copy of the current models by contacting your Financial Intermediary. Please see Appendix A for models that are available to you.

You may invest in an asset allocation model through the Dollar Cost Averaging Program when the FAF, or Personal Pension Account is the source of the assets to be invested in the asset allocation model you have chosen. You can also participate in these asset allocation models while enrolled in the InvestEase or an AIP.

You can switch asset allocation models up to twelve times per year. Your ability to elect or switch into and between asset allocation models may be restricted based on Fund abusive trading restrictions.

You may be required to invest in an acceptable asset allocation model as a condition for electing and maintaining certain guaranteed minimum withdrawal benefits. Such requirements and conditions help us limit our risk to an acceptable level so that we can offer the guaranteed minimum withdrawal benefit. They are intended to reduce the risk of investment losses that could require us to use our General Account assets to pay amounts due under the guaranteed minimum withdrawal benefit rider to your Contract.

If we change an asset allocation model required for maintaining a guaranteed minimum withdrawal benefit, the changes will not be applied to your existing Fund allocations. You may be required to elect a new asset allocation model in order to continue to maintain your guaranteed minimum withdrawal benefit. We will give you advance notice of the changes.

Your investments in an asset allocation model will be rebalanced quarterly to reflect the model's original percentages and you may cancel your model at any time subject to investment restrictions for maintaining certain optional riders.

We have no discretionary authority or control over your investment decisions. These asset allocation models are based on then available Funds and do not include the FAF or the Personal Pension Account. We make available educational information and materials (e.g., risk tolerance questionnaire, pie charts, graphs, or case studies) that can help you select an asset allocation model, but we do not recommend asset allocation models or otherwise provide advice as to what asset allocation model may be appropriate for you.

While we will not alter allocation percentages used in any asset allocation model, allocation weightings could be affected by mergers, liquidations, fund substitutions or closures. Individual availability of these models is subject to fund company restrictions. Please refer to "What Restrictions Are There on your Ability to Make a Sub-Account Transfer?" for more information.

You will not be provided with information regarding periodic updates to the Funds and allocation percentages in the asset allocation models, and we will not reallocate your Account Value based on those updates. Information on updated asset allocation models may be obtained by contacting your Investment Professional. If you wish to update your asset allocation model, you may do so by terminating your existing model and re-enrolling into a new one. Investment alternatives other than these asset allocation models are available that may enable you to invest your Contract Value with similar risk and return characteristics. When considering an asset allocation model for your individual situation, you should consider your other assets, income and investments in addition to this annuity.

Occasionally, Funds may be liquidated or merged into other Funds due to actions taken by its Fund company. As a result of these actions, the Funds available in particular models may be impacted. We mail notifications of any such changes around the time they occur. If you are invested in a model, it is important to regularly review the current Fund allocations of your model with your investment professional to determine whether they meet with your current and ongoing needs.

Asset allocation does not guarantee that your Contract Value will increase nor will it protect against a decline if market prices fall. If you choose to participate in an asset allocation program, you are responsible for determining which asset allocation model is best for you. Tools used to assess your risk tolerance may not be accurate and could be useless if your circumstances change over time. Although each asset allocation model is intended to maximize returns given various levels of risk tolerance, an asset allocation model may not perform as intended. Market, asset class or allocation option performance may differ in the future from historical performance and from the assumptions upon which the asset allocation model is based, which could cause an asset allocation model to be ineffective or less effective in reducing volatility. An asset allocation model may perform better or worse than any single Fund, allocation option or any other combination of Funds or allocation options. In addition, the timing of your investment and automatic rebalancing may affect performance. Quarterly rebalancing and periodic updating of asset allocation models can cause their component Funds to incur transactional expenses to raise cash for money flowing out of Funds or to buy securities with money flowing into the Funds. Moreover, large outflows of money from the Funds may increase the expenses attributable to the assets remaining in the Funds. These expenses can adversely affect the performance of the relevant Funds and of the asset allocation models. In addition, these inflows and outflows may cause a Fund to hold a large portion of its assets in cash, which could detract from the achievement of the Fund's investment objective, particularly in periods of rising market prices. For additional information regarding the risks of investing in a particular Fund, see that Fund's prospectus.

Additional considerations apply for qualified Contracts with respect to static asset allocation model Programs. Neither we, nor any third party service provider, nor any of their respective affiliates, is acting as a fiduciary under The Employment Retirement Income Security Act of 1974, as amended (ERISA) or the Code, in providing any information or other

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communication contemplated by any Program, including, without limitation, any asset allocation models. That information and communications are not intended, and may not serve as a primary basis for your investment decisions with respect to your participation in a Program. Before choosing to participate in a Program, you must determine that you are capable of exercising control and management of the assets of the plan and of making an independent and informed decision concerning your participation in the Program. Also, you are solely responsible for determining whether and to what extent the Program is appropriate for you and the assets contained in the qualified Contract. Qualified Contracts are subject to additional rules regarding participation in these Programs. It is your responsibility to ensure compliance of any recommendation in connection with any asset allocation model with governing plan documents.

**Asset Rebalancing** 

In asset rebalancing, you select a portfolio of Funds, and we will rebalance your assets at the specified frequency to reflect the original allocation percentages you selected (choice of frequency may be limited when certain optional riders are elected). You can also combine this Program with others such as the AIP, InvestEase and DCA Programs (subject to restrictions). You may designate only one set of asset allocation instructions at a time. Asset Rebalancing is not available for the FAF.

**Dollar Cost Averaging Programs** 

Dollar Cost Averaging is a program that allows you to systematically make transfers into Funds or into the Personal Pension Account over a period of time. Since the transfer into Funds or into the Personal Pension Account occurs at regularly scheduled intervals, regardless of price fluctuations, you may ultimately have an average cost per share that is lower. We offer two Dollar Cost Averaging Programs:

• Fixed Amount DCA

• Earnings/Interest DCA

**Fixed Amount DCA —** This feature allows you to regularly transfer (monthly or quarterly) a fixed amount from the FAF (if available based on the Contract and/or rider selected) or any Fund(s) into different Fund(s) or the Personal Pension Account. This program begins in fifteen days unless you instruct us otherwise. You must make at least three transfers in order to remain in this Program. Please note that no additional Premium Payments or Account Value may be allocated to the FAF as of October 4, 2013 and as of October 3, 2014 no new Personal Pension Account Contributions are allowed (both subject to state exclusions).

**Earnings/Interest DCA —** This feature allows you to regularly transfer (monthly or quarterly) the earnings (i.e., any gains over the previous month's or quarter's value) from your investment in the FAF (if available based on the form of Contract selected) or any Fund(s) into other Fund(s) or the Personal Pension Account. This program begins two business days plus the frequency selected unless you instruct us otherwise. You must make at least three transfers in order to remain in this Program.

**Automatic Income Program (AIP)**

This systematic withdrawal feature allows you to make automatic, partial Surrenders of up to 10% of your total Premium Payments annually without any Surrender charges that would otherwise apply. You can designate the Funds to be Surrendered from and also choose the frequency of partial Surrenders (monthly, quarterly, semiannual, or annually). The Personal Pension Account is not an eligible source Fund for partial Surrenders facilitated through the AIP. The minimum amount of each Surrender is $100. Amounts taken under this Program will count towards the AWA and may be subject to a CDSC. For more information on the AWA, please see the Glossary and Section 7.d. Amounts received prior to age 59½, may have adverse tax consequences, including a 10% federal income tax penalty on the taxable portion of the Surrender payment. You may be able to satisfy Code Section 72(t)/(q) requirements by enrolling in this Program. Please see Section 13. Federal Tax Considerations and consult your tax adviser for information about the tax consequences associated with your Contract. Your level of participation in this Program may result in your exceeding permissible withdrawal limits under certain optional riders.

**Other Program considerations** 

• You may terminate your enrollment in any Program at any time.

• We may discontinue, modify or amend any of these Programs at any time. Your enrollment authorizes us to automatically and unilaterally amend your enrollment instructions if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any Fund is merged or substituted into another Fund - then your allocations will be directed to the surviving Fund; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any Fund is liquidated - then your allocations to that Fund will be directed to any available money market Fund following prior notifications prior to reallocation (subject to applicable state law).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If we terminate your asset allocation model Program, then your allocations to the Funds in that model will remain invested in those Funds unless we receive instructions from you.

You may always provide us with updated instructions following any of these events.

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• Continuous or periodic investment neither insures a profit nor protects against a loss in declining markets. Because these Programs involve continuous investing regardless of fluctuating price levels, you should carefully consider your ability to continue investing through periods of fluctuating prices.

• The Personal Pension Account and all optional living and Death Benefit riders have different withdrawal limitations. Please refer to the Glossary for the term Transfer Limit. Breaking these limits can have a significant adverse effect on your rights and future benefits. Participation in a systematic withdrawal program (including systematic transfers into the Personal Pension Account, if available) may cause you to break these limits.

• These Programs may be modified, terminated or adversely impacted by the imposition of Fund trading policies.

**Can you transfer from one Sub-Account to another?**

During those phases of your Contract when transfers are permissible, you may make transfers between Funds and/or Benefit Balance according to the following policies and procedures, as they may be amended from time to time. In addition, there may be investment restrictions applicable to your contract in conjunction with certain riders as described in this prospectus.

**What is a Sub-Account Transfer?**

A Sub-Account transfer is a transaction requested by you that involves reallocating part or all of your Contract Value among the Funds available in your Contract. Your transfer request will be processed at the net asset value of each Fund share as of the end of the Valuation Day that it is received In Good Order. Otherwise, your request will be processed on the following Valuation Day. We will send you a confirmation when we process your transfer. You are responsible for verifying transfer confirmations and promptly advising us of any errors within thirty days of receiving the confirmation.

**What Happens When you Request a Sub-Account Transfer?**

Many Contract Owners request Sub-Account transfers. Some request transfers into (purchases) a particular Sub-Account, and others request transfers out of (redemptions) a particular Sub-Account. In addition, some Contract Owners allocate new Premium Payments to Sub-Accounts, and others request Surrenders. We combine all the daily requests to transfer out of a Sub-Account along with all Surrenders from that Sub-Account and determine how many shares of that Fund we would need to sell to satisfy all Owners' "transfer-out" requests. At the same time, we also combine all the daily requests to transfer into a particular Sub-Account or new Premium Payments allocated to that Sub-Account and determine how many shares of that Fund we would need to buy to satisfy all contract owners' "transfer-in" requests.

In addition, many of the Funds that are available as investment options in our variable annuity products are also available as investment options in variable life insurance policies, retirement plans, funding agreements and other products offered by us. Each day, investors and participants in these other products engage in similar transfer transactions.

We take advantage of our size and available technology to combine sales of a particular Fund for many of the variable annuities, variable life insurance policies, retirement plans, funding agreements or other products offered by us. We also combine many of the purchases and/or redemptions of that particular Fund for many of the products we offer. We then "net" these trades by offsetting purchases against redemptions. Netting trades has no impact on the net asset value of the Fund shares that you purchase or sell. This means that we sometimes reallocate shares of a Fund rather than buy new shares or sell shares of the Fund.

For example, if we combine all transfer-out (redemption) requests and Surrenders of a stock Fund Sub-Account with all other sales of that Fund from all our other products, we may have to sell $1 million dollars of that Fund on any particular day. However, if other Contract Owners and the owners of other products offered by us, want to transfer-in (purchase) an amount equal to $300,000 of that same Fund, then we would send a sell order to the Fund for $700,000 (a $1 million sell order minus the purchase order of $300,000) rather than making two or more transactions.

**What Restrictions Are There on your Ability to Make a Sub-Account Transfer?**

First, you may make only one Sub-Account transfer request each day. We limit each Contract Owner to one Sub-Account transfer request each Valuation Day. We count all Sub-Account transfer activity that occurs on any one Valuation Day as one "Sub-Account transfer;" however, you cannot transfer the same Contract Value more than once a Valuation Day.

**<u>Examples</u>**

---

| | |
|:---|:---|
| **Transfer Request Per Valuation Day** | **Permissible?** |
| Transfer $10,000 from a money market Sub-Account to a growth Sub-Account | Yes |
| Transfer $10,000 from a money market Sub-Account to any number of other Sub-Accounts (dividing the $10,000 among the other Sub-Accounts however you chose) | Yes |
| Transfer $10,000 from any number of different Sub-Accounts to any number of other Sub-Accounts | Yes |
| Transfer $10,000 from a money market Sub-Account to a growth Sub-Account and then, before the end of that same Valuation Day, transfer the same $10,000 from the growth Sub-Account to an international Sub-Account | No |

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Second, you are allowed to submit a total of twenty Sub-Account transfers each Contract Year (the "Transfer Rule") by U.S. Mail, internet or telephone. Once you have reached the maximum number of Sub-Account transfers, you may only submit any additional Sub-Account transfer requests and any trade cancellation requests in writing through U.S. Mail or overnight delivery service. In other words, Internet or telephone transfer requests will not be honored. We may, but are not obligated to, notify you when you are in jeopardy of approaching these limits. For example, we will send you a letter after your tenth Sub-Account transfer to remind you about the Transfer Rule. After your twentieth transfer request, our computer system will not allow you to do another Sub-Account transfer by telephone or via the internet. You will then be instructed to send your Sub-Account transfer request by U.S. Mail or overnight delivery service.

We reserve the right to aggregate your Contracts (whether currently existing or those recently Surrendered) for the purposes of enforcing these restrictions.

The Transfer Rule does not apply to Sub-Account transfers that occur automatically as part of a company-sponsored Program, such as a Contract exchange program that may be offered by us from time to time. Reallocations made based on a Fund merger or liquidation also do not count toward this Transfer Limit. Restrictions may vary based on state law.

We make no assurances that the Transfer Rule is or will be effective in detecting or preventing market timing.

Third, policies have been designed to restrict excessive Sub-Account transfers. You should not purchase this Contract if you want to make frequent Sub-Account transfers for any reason. In particular, don't purchase this Contract if you plan to engage in "market timing," which includes frequent transfer activity into and out of the same Fund, or frequent Sub-Account transfers in order to exploit any inefficiencies in the pricing of a Fund. Even if you do not engage in market timing, certain restrictions may be imposed.

Generally, you are subject to Fund trading policies, if any. We are obligated to provide, at the Fund's request, tax identification numbers and other shareholder identifying information contained in our records to assist Funds in identifying any pattern or frequency of Sub-Account transfers that may violate their trading policy. In certain instances, we have agreed to serve as a Fund's agent to help monitor compliance with that Fund's trading policy.

We are obligated to follow each Fund's instructions regarding enforcement of their trading policy. Penalties for violating these policies may include, among other things, temporarily or permanently limiting or banning you from making Sub-Account transfers into a Fund or other funds within that fund complex. We are not authorized to grant an exception to a Fund's trading policy. Please refer to each Fund's prospectus for more information. Transactions that cannot be processed because of Fund trading policies will be considered not In Good Order.

In certain circumstances, Fund trading policies do not apply or may be limited. For instance:

• Certain types of Financial Intermediaries may not be required to provide us with shareholder information.

• Excepted funds, such as money market funds and any Fund that affirmatively permits short-term trading of its securities may opt not to adopt this type of policy. This type of policy may not apply to any Financial Intermediary that a Fund treats as a single investor.

• A Fund can decide to exempt categories of Contract holders whose Contracts are subject to inconsistent trading restrictions or none at all.

• Non-shareholder initiated purchases or redemptions may not always be monitored. These include Sub-Account transfers that are executed: (i) automatically pursuant to a company-sponsored contractual or systematic program such as transfers of assets as a result of Dollar Cost Averaging programs, asset allocation programs, automatic rebalancing programs, Annuity Payouts, loans, or systematic withdrawal programs; (ii) as a result of the payment of a Death Benefit; (iii) as a step-up in Contract Value pursuant to a Contract Death Benefit or guaranteed minimum withdrawal benefit; (iv) as a result of any deduction of charges or fees under a Contract; or (v) as a result of payments such as loan repayments, scheduled contributions, scheduled withdrawals or Surrenders, retirement plan salary reduction contributions, or planned Premium Payments.

Possibility of undetected abusive trading or market timing. We may not be able to detect or prevent all abusive trading or market timing activities. For instance:

• Since we net all the purchases and redemptions for a particular Fund for this and many of our other products, transfers by any specific market timer could be inadvertently overlooked.

• Certain forms of variable annuities and types of Funds may be attractive to market timers. We cannot provide assurances that we will be capable of addressing possible abuses in a timely manner.

• These policies apply only to individuals and entities that own this Contract or have the right to make transfers (regardless of whether requests are made by you or anyone else acting on your behalf). However, the Funds that make up the Sub-Accounts of this Contract are also available for use with many different variable life insurance policies, variable annuity products and funding agreements, and are offered directly to certain qualified retirement plans. Some of these products and plans may have less restrictive transfer rules or no transfer restrictions at all.

• In some cases, we are unable to count the number of Sub-Account transfers requested by group annuity participants co-investing in the same Funds (Participants) or enforce the Transfer Rule because we do not keep participants'

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account records for a Contract. In those cases, the Participant account records and Participant Sub-Account transfer information are kept by such owners or its third party service provider. These owners and third party service providers may provide us with limited information or no information at all regarding Participant Sub-Account transfers.

**How are you affected by frequent Sub-Account Transfers?**

We are not responsible for losses or lost investment opportunities associated with the effectuation of these policies. Frequent Sub-Account transfers may result in the dilution of the value of the outstanding securities issued by a Fund as a result of increased transaction costs and lost investment opportunities typically associated with maintaining greater cash positions. This can adversely impact Fund performance and, as a result, the performance of your Contract Value. This may also lower the Death Benefit paid to your Beneficiary or lower Annuity Payouts for your Payee as well as reduce the value of other optional benefits available under your Contract.

Separate Account investors could be prevented from purchasing Fund shares if we reach an impasse on the execution of a Fund's trading instructions. In other words, a Fund complex could refuse to allow new purchases of shares by all our variable product investors if the Fund and we cannot reach a mutually acceptable agreement on how to treat an investor who, in a Fund's opinion, has violated the Fund's trading policy.

In some cases, we do not have the tax identification number or other identifying information requested by a Fund in our records. In those cases, we rely on the Contract Owner to provide the information. If the Contract Owner does not provide the information, we may be directed by the Fund to restrict the Owner from further purchases of Fund shares. In those cases, all participants under a plan funded by the Contract will also be precluded from further purchases of Fund shares.

**Mail, Telephone and Internet Transfers**

You may make transfers through the mail or your Financial Intermediary. You may also make transfers by calling us or through our website. Transfer instructions received by telephone before the end of any Valuation Day will be carried out at the end of that day. Otherwise, the instructions will be carried out at the end of the next Valuation Day.

Transfer instructions you send electronically are considered to be received by us at the time and date stated on the electronic acknowledgment we return to you. If the time and date indicated on the acknowledgment is before the end of any Valuation Day, the instructions will be carried out at the end of that Valuation Day. Otherwise, the instructions will be carried out at the end of the next Valuation Day. If you do not receive an electronic acknowledgment, you should contact us as soon as possible.

We will send you a confirmation when we process your transfer. You are responsible for verifying transfer confirmations and promptly reporting any inaccuracy or discrepancy to us and your investment professional. Any verbal communication should be reconfirmed in writing.

Telephone or Internet transfer requests may currently only be canceled by calling us before the end of the Valuation Day you made the transfer request.

We and our agents are not responsible for losses resulting from telephone or electronic requests that we believe are genuine. We will use reasonable procedures to confirm that instructions received by telephone or through our website are genuine, including a requirement that Contract Owners provide certain identification information, including a personal identification number. We record all telephone transfer instructions. We may suspend, modify, or terminate telephone or electronic transfer privileges at any time.

**Power of Attorney**

You may authorize another person to conduct financial and other transactions on your behalf by submitting a copy of a power of attorney (POA) executed by you that meets the requirements of your resident state law. Once we have the POA on file, we will accept transaction requests, including transfer instructions, subject to our transfer restrictions, from your designated agent (attorney-in-fact). We reserve the right to request an affidavit or certification from the agent that the POA is in effect when the agent makes such transactions. You may instruct us to discontinue honoring the POA at any time.

**b. Contract Rights**

You, as Contract Owner, may exercise all the rights under the Contract. The prospectus discusses these rights, including your right, during the Accumulation Period, to make Premium Payments and provide instructions to us to allocate your Contract Value among the Sub-Accounts or Fixed Accumulation Feature, if available. You, as Contract Owner, may also request a full or partial Surrender from the Contract, designate an Annuitant and elect to receive Annuity Payouts. This prospectus also discusses the Death Benefit payable under the Contract and the rights of any Beneficiary.

**c. Charges and Fees** 

In addition to the following charges, there are optional riders that if elected, assess an additional charge. Please see Sections 4, 8, 9, 10, and 11 for more information.

**Mortality and Expense Risk Charge (Base Contract Charges)**

We deduct a daily charge for assuming mortality and expense risks under the Contract. This charge is deducted from your Sub-Account Value.

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The mortality and expense risk charge is broken into charges for mortality risks and for an expense risk:

Mortality Risk - There are two types of mortality risks that we assume, those made while your Premium Payments are accumulating and those made once Annuity Payouts have begun.

During the accumulation phase of your Contract, we are required to cover any difference between the Death Benefit paid and the Surrender Value. These differences may occur in periods of declining value or in periods where the CDSCs would have been applicable. The risk that we bear during this period is that actual mortality rates, in aggregate, may exceed expected mortality rates.

Once Annuity Payouts have begun, we may be required to make Annuity Payouts as long as the Annuitant is living, regardless of how long the Annuitant lives. The risk that we bear during this period is that the actual mortality rates, in aggregate, may be lower than the expected mortality rates.

• Expense risk - We also bear an expense risk that the sales charges (if applicable), Premium Based Charge (if applicable) collected before the Annuity Commencement Date may not be enough to cover the actual cost of selling, distributing and administering the Contract.

Although variable Annuity Payouts will fluctuate with the performance of the Fund selected, your Annuity Payouts will not be affected by (a) the actual mortality experience of our Annuitants, or (b) our actual expenses if they are greater than the deductions stated in the Contract. Because we cannot be certain how long our Annuitants will live, we charge this percentage fee based on the mortality tables currently in use. The mortality and expense risk charge enables us to keep our commitments and to pay you as planned. If the mortality and expense risk charge under a Contract is insufficient to cover our actual costs, we will bear the loss. If the mortality and expense risk charge exceeds these costs, we keep the excess as profit. We may use these profits, as well as revenue sharing and Rule 12b-1 fees received from certain Funds, for any proper corporate purpose including, among other things, payment of sales expenses, including the fees paid to distributors. We expect to make a profit from the mortality and expense risk charge.

The following table describes the maximum Mortality & Expense Risk charges, excluding rider charges:

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| | |
|:---|:---|
| B share | 0.45% |
| C share | 1.30% |
| I share | 0.10% |
| L share | 1.25% |

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**Annual Maintenance Fee** 

The Annual Maintenance Fee is a flat fee that is deducted from your Contract Value to reimburse us for expenses relating to the administrative maintenance of the Contract and your Account. The annual $50 charge is deducted on a Contract Anniversary or when the Contract is fully Surrendered if the Contract Value at either of those times is less than $50,000. The charge is deducted proportionately from each Sub-Account in which you are invested.

We will waive the Annual Maintenance Fee if your Contract Value is $50,000 or more on your Contract Anniversary or when you fully Surrender your Contract. In addition, we will waive one Annual Maintenance Fee for Contract Owners who own more than one Contract with a combined Contract Value between $50,000 and $100,000. If you have multiple Contracts with a combined Contract Value of $100,000 or greater, we will waive the Annual Maintenance Fee on all Contracts. However, we may limit the number of waivers to a total of six Contracts. We also may waive the Annual Maintenance Fee under certain other conditions. We do not include contracts from our Putnam line of variable annuity contracts with the Contracts when we combine Contract Value for purposes of this waiver.

**Administrative Charge (Base Contract Charge)**

We apply a daily administrative charge of 0.20% against all Contract Values held in the Separate Account during both the accumulation and annuity phases of the Contract. This charge compensates us for administrative expenses that exceed revenues from the Annual Maintenance Fee described above. There is not necessarily a relationship between the amount of administrative charge imposed on a given Contract and the amount of expenses that may be attributable to that Contract; expenses may be more or less than the charge.

**Premium Based Charge (B Share Contracts)**

We apply an annual Premium Based Charge, if applicable, against all Premium Payments based on Remaining Gross Premiums. The Premium Based Charge will be prorated for the number of days since the last Premium Based Charge or, if there has been no Premium Base Charge, then since the Contract issue date. The Premium Based Charge will be assessed only with respect to Contract Value invested in Sub-Accounts and not investments in the FAF or the Personal Pension Account. The Premium Based Charge will also apply to any partial Surrender in excess of the AWA. The Premium Based Charge is intended to compensate us for a portion of our acquisition expenses, including promotion and distribution of the Contract. A Premium Based Charge will be deducted upon:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.each Contract Anniversary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.full Surrender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.full or partial annuitization, and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.the date we receive due proof of death of the Owner, joint Owner, or the Annuitant and upon a corresponding full Surrender and/or annuitization and upon a Death Benefit distribution (not including any Personal Pension Account Death Benefit) if elected at a later date.

Additionally, the Premium Based Charge will be calculated upon the following events but will not be deducted from the Contract Value until the next occurrence of items 1-4 above:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.partial Surrenders in excess of the AWA; and /or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.transfer to the Personal Pension Account.

The amount of Remaining Gross Premium used for calculating the Premium Based Charge is determined on the date of each of the above transactions.

Please see Premium Based Charge Examples 1-3 in "Appendix B - Examples."

Your earnings are considered when calculating your AWA. Please see AWA under Sales Charges below for a description of the AWA and how it is calculated.

If a Beneficiary elects to continue under any of the available options described under the Standard Death Benefits section below, we will continue to deduct the Premium Based Charge, based on the portion of Remaining Gross Premium applicable for that Beneficiary. The Premium Based Charge is taken proportionally out of the Sub-Accounts.

**Premium Taxes**

The amount of tax, if any, charged by federal, state, or other governmental entity on Premium Payments or Contract Values. On any contract subject to a Premium Tax, We may deduct the tax on a pro-rata basis from the Sub-Accounts at the time We pay the tax to the applicable taxing authorities, at the time the contract is surrendered, at the time death benefits are paid or on the Annuity Commencement Date. The Premium Tax rate varies by state or municipality. Currently the maximum rate charged by any state is 3.5% and 1.0% in Puerto Rico.

**Sales Charges**

**Contingent Deferred Sales Charges (Surrender Charge) - B and L Share Contracts Only**

Subject to the exclusions below, we may deduct a CDSC when you make Surrenders or withdraw Commuted Value or Annuity Payouts under Annuity Payout Options Two, Three, Five, Six and Eight. This charge is designed to recover acquisition expenses that have not yet been recouped from revenue generated by your Contract. Deposits will be taken out on a first-in, first-out basis. This may impact whether subsequent withdrawals might be subject to a CDSC. Please see Sections 7.c. Surrenders, and 7.d. Annuity Payouts, for more information regarding when a CDSC may be applied.

We use the following general approach to calculating your CDSC:

Step 1.Deposits that have been invested for longer than the applicable CDSC period can always be taken out free of any CDSC. The applicable CDSC period begins on the date we receive the Deposit. Please see the Fee Table for a description of CDSC periods applicable to your share class.

Step 2.If the amount of money that you wish to take out is less than your AWA (as described below), plus any amount from step 1, then this sum will also be paid to you without the imposition of a CDSC. No further steps will be applied.

Step 3.Assuming that steps 1 and 2 do not apply because the amount of money that you wish to take out is more than your AWA and is still subject to a CDSC, then we will deduct your AWA from the amount of the money you wish to take out and then process your request using steps 4-6.

Step 4.We will then multiply Remaining Gross Premiums (investments which have not been previously used to assess a CDSC) by a factor. For assets in the Personal Pension Account, we will then multiply Personal Pension Account Contributions that are subject to a CDSC by a factor. The factor is equal to the amount of money resulting from step 3 divided by the remaining value of your investment above the AWA. If you take a Surrender during declining market conditions, Remaining Gross Premiums will have the effect of increasing the percentage of your Contract Value that is subject to a CDSC.

Step 5.We will then take the amount of Remaining Gross Premium resulting from step 4 and multiply it by the corresponding CDSC percentage as shown in the Fee Table using the applicable CDSC schedule. Each Deposit has its own CDSC schedule regardless of whether it has been invested in the Personal Pension Account, Sub-Accounts or the FAF.

Step 6.We then deduct the CDSC calculated in step 5 from the amount of money in step 3, plus AWA and pay the remaining balance to you.

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These same steps are generally used when a CDSC is charged upon Commuted Value or Annuity Payouts (as applicable under the Annuity Payout Options noted above).

Please refer to CDSC Examples 1 through 7 in Appendix B for further information about how these formulas will be applied.

When you request a withdrawal under the Contract, you may choose to have the withdrawal processed as either a gross withdrawal or net withdrawal. Your choice may impact the amount of withdrawal proceeds that you receive, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Gross Withdrawal – We will withdraw only the amount requested from your Contract. If your withdrawal is subject to CDSCs, other charges, or tax withholdings, you will receive the amount requested minus the applicable CDSCs, other charges, and tax withholdings. As such, you may not receive the full amount requested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Net Withdrawal – To the extent necessary, we will increase the withdrawal amount so that, after the deduction of any applicable CDSCs, other charges, and/or tax withholdings, you will receive the full amount requested. Please note that CDSCs will be based on the total amount withdrawn, not the amount requested, so a net withdrawal may result in more CDSCs than a gross withdrawal.

In the absence of instructions, we will process a withdrawal request as a net withdrawal.

The following hypothetical examples help illustrate the difference between a gross withdrawal (Example 1) and a net withdrawal (Example 2).

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| | |
|:---|:---|
| **Example 1<br>Gross Withdrawal** | **Example 2<br>Net Withdrawal** |
| Assume the following: You made an initial Premium Payment of $10,000 five years ago and no additional Premium Payments thereafter. You request a partial withdrawal of $5,000, and you have not taken any portion of your AWA for the year. The only charges applicable to the withdrawal are CDSCs. You instruct us to process your request as a gross withdrawal.<br>We will deduct a CDSC as follows: | Assume the following: You made an initial Premium Payment of $10,000 five years ago and no additional Premium Payments thereafter. You request a partial withdrawal of $5,000, and you have not taken any portion of your AWA for the year. The only charges applicable to the withdrawal are CDSCs. You instruct us to process your request as a net withdrawal, or you do not provide instructions. <br>We will deduct a CDSC as follows: |
| First, the portion of the withdrawal that is not in excess of the AWA, which is equal to 10% of total Premium Payments (*i.e.,* $1,000), with be withdrawn without a CDSC. | First, the portion of the withdrawal that is not in excess of the AWA, which is equal to 10% of total Premium Payments (*i.e.,* $1,000), with be withdrawn without a CDSC. |
| We will then withdraw the remaining $4,000. A CDSC of 5%, or $200, is assessed on the withdrawal. | We will then increase the remaining amount to be withdrawn from $4,000 to $4,211. A CDSC of 5%, or $211, is assessed on the withdrawal. |
| **The total amount withdrawn is $5,000 and your Contract Value is reduced by $5,000. The CDSC is $200. You will receive $4,800 in withdrawal proceeds.** | **The total amount withdrawn is $5,211 and your Contract Value is reduced by $5,211. The CDSC is $211. You will receive $5,000 in withdrawal proceeds.** |

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All withdrawals may be subject to federal and state income taxes, including a 10% federal penalty tax if taken before age 59½. If you have any questions about net and gross withdrawals, please contact us or your Investment Professional.

**The following are NOT subject to a CDSC:** 

• AWA - During a period when a CDSC may be applied, you may Surrender up to the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 5% of Deposits that would otherwise be subject to a CDSC, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• earnings.

We compute the AWA as of the end of the Valuation Day when a partial Surrender or commutation request is received by us In Good Order.

You may not carry over unused portions of your AWA from one year to another.

• Regularly scheduled Personal Pension Account Payouts.

• Regularly scheduled Lifetime Benefit Payments and/or Threshold Payments.

• Transfers to and from the Personal Pension Account.

• If you are a patient in a certified long-term care facility or other eligible facility - CDSC will be waived for a partial or full Surrender if you, the joint Owner or the Annuitant, are confined for at least 180 calendar days to a:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• facility recognized as a general hospital by the proper authority of the state in which it is located or the Joint Commission on the Accreditation of Hospitals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• facility certified by Medicare as a hospital or long-term care facility; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• nursing home licensed by the state in which it is located and offers the services of a registered nurse 24 hours a day.

For this waiver to apply, you must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• have owned the Contract continuously since it was issued,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• provide written proof of your eligibility satisfactory to us, and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• request the Surrender within ninety-one calendar days after the last day that you are an eligible patient in a recognized facility or nursing home.

This waiver is not available if the Owner, the joint Owner or the Annuitant is in a facility or nursing home when you purchase the Contract. We will not waive any CDSC applicable to any Premium Payments made while you are in an eligible facility or nursing home. This waiver can be used any time after the first 180 days in a certified long-term care facility or other eligible facility up until ninety days after exiting such a facility. This waiver may not be available in all states.

• Upon death of the Annuitant or any Contract Owner(s) - CDSC will be waived if the Annuitant or any Contract Owner(s) dies.

• Upon Annuitization - CDSC will be waived when you annuitize the Contract. However, we will charge a CDSC if the Contract is Surrendered during the CDSC period under an Annuity Payout Option which allows commutation.

• For RMDs - CDSC will be waived for any Annuitant subject to RMDs who Surrenders an amount equal to the RMD for for that Contract Year. All requests for RMDs must be in writing.

• For substantially equal periodic payments - CDSC will be waived if you take partial Surrenders under the AIP where you receive a scheduled series of substantially equal periodic payments for the greater of five years or to age 59½.

• Exchanges - As an accommodation, we may, at our discretion, time-credit CDSC for the time that you held an annuity previously issued by us.

• Settlements - We may, at our discretion, waive or time-credit CDSCs in connection with the settlement of disputes or if required by regulatory authorities.

**Charges Against the Funds** 

Annual fund operating expenses - The Separate Account purchases shares of the Funds at net asset value. The net asset value of the Fund reflects investment advisory fees, distribution fees, operating expenses and administrative expenses already deducted from the assets of the Funds. These charges are described in the Funds' prospectuses, in Section 4. "Fee Table" and in "Appendix A - Investment Options Available Under the Contract."

**Reduced Fees and Charges** 

We may offer, in our discretion, reduced fees and charges for certain Contracts (including employer sponsored savings plans) which may result in decreased costs and expenses.

**Deduction of Advisory Fee**

If you receive services for your Contract from a third-party financial intermediary who charges an advisory fee for their services, that fee is in addition to Contract fees and expenses. If you elect to pay the advisory fee by taking withdrawals from your Contract Value, both you and your financial intermediary must sign an enrollment form authorizing the withdrawals and submit a fee payment request form for the specific dollar amount of the fee payment you want withdrawn from your Contract and sent to your financial intermediary. We will deduct your requested fee payment amount on a pro-rata basis from the Sub-Account Values and FAF (if available). Your financial intermediary must submit a new fee payment request form to us for each payment. Payments will generally be processed on the same day the request is received in good order. You may revoke your authorization at any time by giving notice to us. If you elect to pay your advisory fee by taking withdrawals from your Contract Value, the deduction for that fee is subject to surrender charges and will count toward your Annual Withdrawal Amount. Withdrawals to pay advisory fees will also reduce death benefits and other guaranteed benefits under the Contract and may be subject to federal and state income taxes and a 10% federal penalty tax. Contract Owners should discuss the impact of deducting advisory fees from Contract Value with their financial intermediaries prior to making any election.

**d. Surrenders** 

**What kinds of Surrenders are available?** 

**Before the Annuity Commencement Date:**

**Full Surrenders/Contract Termination** - When you Surrender or terminate your Contract before the Annuity Commencement Date, the Surrender Value of the Contract will be made in a lump sum payment. The Surrender Value is the Contract Value minus any applicable Premium taxes, CDSCs, a pro-rated portion of optional benefit charges, if applicable, Premium Based Charges, if applicable, and the Annual Maintenance Fee. The Surrender Value may be more or less than the amount of the Premium Payments made to a Contract.

For information on how termination of the Contract impacts the Personal Pension Account, please see "What effect do partial or full Surrenders have on your benefits under the rider?" in Section 10.c "Personal Pension Account."

**Partial Surrenders** - You may request a partial Surrender of Contract Value at any time before the Annuity Commencement Date. We will deduct any applicable CDSC and Premium Based Charge, if applicable. However, on a noncumulative basis, you may make partial Surrenders during any Contract Year, up to the AWA allowed and the CDSC will not be assessed against such amounts. Surrender of Contract Values in excess of the AWA and additional surrenders made in any Contract

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Year will be subject to the CDSC. You can request that we deduct these charges in either of two ways. One option, a gross withdrawal, is to deduct the CDSC and Premium Based Charge from the amount that you request. The other option, a net of charges withdrawal, is to Surrender an amount of Contract Value greater than what you requested, but after the deduction of CDSC and Premium Based Charge will result in payment to you of the amount you requested. Because the net of charges withdrawal will Surrender a greater amount of Contract Value, your CDSC and Premium Based Charge may be greater under this method. This is our default option. Please see CDSC Examples 1-5 in "Appendix B - Examples."

Partial Surrenders of Contract Value are taken proportionally out of the Sub-Accounts and the FAF unless you direct us otherwise. A partial Surrender will reduce the value of your Contract and the Death Benefit. A partial Surrender will be subject to any applicable CDSCs, which will be deducted from the amount withdrawn or the remaining Contract Value. If deducted from remaining Contract Value, the CDSC will be allocated proportionally among the Sub-Accounts and the FAF.

There are several restrictions on partial Surrenders of Contract Value before the Annuity Commencement Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the partial Surrender of Contract Value must be at least equal to $500, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• your Total Balance must be equal to or greater than our then current minimum amount rule that we establish according to our then current policies and procedures. The minimum amount rule refers to the minimum Total Balance that you must maintain within this Contract. If you fail to comply with the minimum amount rule, we reserve the right to fully terminate your Contract. The minimum amount rule varies by Contract share class. Currently the minimum amount rule for Class I share Contracts is $500 and for Class B, C and L shares is $2,000. We may increase the minimum amount rule from time to time, but in no event shall the minimum amount rule exceed $10,000 (Class B, C, I and L shares). Please see "What effect do partial or full Surrenders have your benefits" under Future5, Future6, and Daily Lock Income Benefit for a description of the effect of the minimum amount rule when you elect one of these riders.

You may only commute all or a portion of Personal Pension Account Payouts by following the procedures described in the "After the Annuity Commencement Date" section below.

Withdrawals will reduce your standard Death Benefit on a dollar-for-dollar basis. Please consult with your investment professional to be sure that you fully understand the ways such a decision will affect your Contract.

**Under certain circumstances we had permitted certain Contract Owners to reinstate their Contracts when a Contract Owner had requested a Surrender (either full or Partial) and returned the forms in good order to us. As of October 4, 2013, we no longer allow Contract Owners to reinstate their Contracts when a Contract Owner requests a Surrender (either full or Partial).** 

**After the Annuity Commencement Date:** 

**Full Surrenders/Contract Termination** - You may Surrender or terminate your Contract on or after the Annuity Commencement Date only if you selected Annuity Payout Options Two, Three, Five, Six or Eight. In the event you take a full Surrender and thereby terminate your Contract after electing Annuity Payout Option Two, Three, Five, or Eight, you will forfeit the life contingent payments payable under these options. Upon Contract termination, we pay you the Commuted Value, minus any applicable CDSCs and Premium Tax.

**Partial Surrenders/Commutation** - Partial Surrenders and/or commutation are permitted after the Annuity Commencement Date if you select Annuity Payout Option Two, Three, Five, or Six, or Eight. You may withdraw amounts equal to the Commuted Value of the payments that we would have made during the Guaranteed Payout Duration. See Personal Pension Account Example 4 in Appendix B for an illustration of Personal Pension Account Commuted Value and the computation of Guaranteed Payout Duration. If you select Annuity Payout Option Two or Eight, the Guaranteed Payout Duration will be equivalent to the Annuity Payout Value divided by the Annuity Payout amount. To qualify under these Annuity Payout Options you must make the request before the Guaranteed Payout Duration expires. Both full and partial Surrenders of Contract Value are taken proportionally out of the Sub-Accounts and the FAF unless prohibited by your state. We will deduct any applicable CDSCs.

**If you elect to withdraw the entire Commuted Value of the Annuity Payouts we would have made during the Guaranteed Payout Duration, we will not make any Annuity Payouts during the remaining Guaranteed Payout Duration. If you elect to withdraw only some of the Commuted Value of the Annuity Payouts we would have made during the Guaranteed Payout Duration, we will reduce the remaining Annuity Payouts during the remaining Guaranteed Payout Duration on a first-in, first-out basis. Once the Guaranteed Payout Duration has expired, you may resume receiving Annuity Payouts provided that Personal Pension Account Payouts have not been terminated based on a death of the Annuitant or Joint Annuitant, if applicable, and you have not terminated your Contract.** 

Annuity Payout Options may not be available if the Contract is issued to qualify under Code Sections 401, 408, or 457.

**What is the Commuted Value?**

You may choose to accelerate Annuity Payouts under certain Annuity Payout Options to be received in one lump sum. This is referred to as commuting your Annuity Payout.

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The amount that you request to commute must be at least equal to $500. There will be a waiting period of at least thirty days for payment of any lump sum commutation.

Please check with your qualified tax adviser because there could be adverse tax consequences for commutation of your Personal Pension Account Payouts. If you commute a portion or all of your Personal Pension Account Payouts and take direct receipt of the funds, a 1099 will be issued the following year noting the entire distribution as being taxable.

Upon commutation, the Annuity Payout Value or the remaining Guaranteed Payout Duration payments, as applicable, will be discounted based on an interest rate that we determine at our discretion (the discount rate). The discount rate may be different than the interest rate used to establish Payout Purchase Rates. We determine the discount rate based on a number of factors including then current interest rate(s), investment assumptions and the additional anti-selection and mortality risk we incur by permitting commutation. The higher the discount rate and CDSC, if applicable, the lower the amount that you will receive. Please see CDSC Examples 6-7 in "Appendix B - Examples."

Commuted Value of your Personal Pension Account will be less than your Annuity Payout Value. Except as provided in the immediately preceding section, commutation does not affect resumption of life contingent Personal Pension Account Payouts at the conclusion of the applicable Guaranteed Payout Duration.

Commuted Value is determined on the day we receive your written request.

**How do you request a Surrender?**

Requests for full Surrenders terminating your Contract must be in writing. Requests for partial Surrenders can be made in writing or by telephone. We will send your money within seven days of receiving complete instructions. However, we may postpone payment whenever: (a) the New York Stock Exchange is closed, (b) trading on the New York Stock Exchange is restricted by the SEC, (c) the SEC permits and orders postponement or (d) the SEC determines that an emergency exists to restrict valuation.

We may also postpone payment of Surrenders with respect to a money market Fund if the board of directors of the underlying money market Fund suspends redemptions from the Fund in connection with the Fund's plan of liquidation, in compliance with rules of the SEC or an order of the SEC.

We may defer payment of any amounts from the Fixed Accumulation for up to six months from the date of the request to Surrender. If we defer payment for more than thirty days, we will pay interest of at least 3% per annum on the amount deferred.

**Written Requests** — Complete a Surrender form or send us a letter, signed by you, stating:

• the dollar amount that you want to receive, either before or after we withhold taxes and deduct for any applicable charges,

• your tax withholding amount or percentage, if any, and

• your disbursement instructions, including your mailing address.

You may submit this form via mail or fax.

Unless you specify otherwise, we will provide the dollar amount you want to receive after applicable taxes and charges as the default option.

If there are joint Owners, both must authorize these transactions. For a partial Surrender, specify the Sub-Accounts that you want your Surrender to come from (this may be limited to pro-rata Surrenders if optional benefits are elected); otherwise, the Surrender will be taken in proportion to the value in each Sub-Account.

**Telephone or Internet Requests** 

To request a partial Surrender by telephone or internet, we must have received your completed Internet Partial Withdrawal/Telephone Redemption Authorization Form. If there are joint Owners, both must sign the form. By signing the form, you authorize us to accept telephone or internet instructions for partial Surrenders from either Owner. Telephone or Internet authorization will remain in effect until we receive a written cancellation notice from you or your joint Owner, we discontinue the program, or you are no longer the Owner of the Contract. Please call us with any questions regarding restrictions on telephone or internet Surrenders.

We may record telephone calls and use other procedures to verify information and confirm that instructions are genuine. We will not be liable for losses or expenses arising from telephone instructions reasonably believed to be genuine.

**We may modify the requirements for telephone and/or internet redemptions at any time.** 

Telephone and internet Surrender instructions received before the end of a Valuation Day will be processed at the end of that Valuation Day. Otherwise, your request will be processed at the end of the next Valuation Day.

**Completing a Power of Attorney for another person to act on your behalf may prevent you from making Surrenders via telephone and internet.** 

**What should be considered about taxes?**

There are certain tax consequences associated with Surrenders and Personal Pension Account Payouts. Personal Pension Account Payouts shall be considered to be partial annuitizations as such term is defined under the Code. If you make a

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Surrender or take a Personal Pension Account Payout prior to age 59½, there may be adverse tax consequences, including a 10% federal income tax penalty on the taxable portion of the Surrender payment or Personal Pension Account Payout. Taking these actions before age 59½ may also affect the continuing tax-qualified status of some Contracts.

**We do not monitor Surrender requests. Consult your personal tax adviser to determine whether a Surrender is permissible, with or without federal income tax penalty.** 

If you own more than one Contract issued by us in the same calendar year, then these Contracts may be treated as one Contract for the purpose of determining the taxation of distributions prior to the Annuity Commencement Date.

Please see Section 13. "Federal Tax Considerations" for more information.

**e. Annuity Payouts** 

Generally speaking, when you annuitize your Contract, you begin the process of converting Accumulation Units into what is known as the payout phase. The payout phase starts when you annuitize your Contract or with your Annuity Commencement Date and ends when we make the last payment required under your Contract. Personal Pension Account Payouts shall be considered to be partial annuitizations as such term is defined under the Code. Once you fully annuitize your Contract, you may no longer make any Deposits. You must commence taking Annuity Payouts no later than when you reach your Annuity Commencement Date. Funds allocated to the Personal Pension Account will be paid to you under Annuity Payout Options Two and Eight. Contract Value can only be annuitized under Annuity Payout Options One, Three, Four, Five and Six. Please check with your investment professional to select the Annuity Payout Option that best meets your income needs. All Annuity Payout Options are subject to availability in your state.

**When do your Annuity Payouts begin?**

Personal Pension Account Payouts may begin at any time, but we reserve the right to require that you own your Contract for at least six months before you start taking these payments. Contract Value may only be annuitized on the Annuity Commencement Date. Consider the age you will be when you start Annuity Payouts. Annuity Payouts started at a younger age will be greater than at an older age.

Your Annuity Commencement Date cannot be earlier than your second Contract Anniversary if choosing a fixed dollar Annuity Payout. The Annuity Commencement Date may be immediate if electing a variable dollar amount Annuity Payout. In no event, however, may the Annuity Commencement Date be later than:

• The later of the Annuitant's 90th birthday (or if the Owner is a Charitable Remainder Trust, the Annuitant's 100th birthday), or the tenth Contract Anniversary (subject to state variation); or

• The date that you fully annuitize Accumulation Balance (assuming that no Contract Value exists as of such date). Unless otherwise requested, commencement of receipt of Personal Pension Account Payouts do not constitute an Annuity Commencement Date.

**As of October 4, 2013 we no longer allow Contract Owners to extend their Annuity Commencement Date even though we may have granted extensions in the past to you or other similarly situated investors.** 

Except as otherwise provided, the Annuity Calculation Date is when the amount of your Annuity Payout is determined. This occurs within five Valuation Days before your selected Annuity Commencement Date.

All Annuity Payouts, regardless of frequency, will occur on the same day of the month as the Annuity Commencement Date. After the initial payout, if an Annuity Payout date falls on a Non-Valuation Day, the Annuity Payout is computed on the prior Valuation Day. If the Annuity Payout date does not occur in a given month due to a leap year or months with only thirty days (i.e. the 31st), the Annuity Payout will be computed on the last Valuation Day of the month.

**Proof of Survival**

The payment of any annuity benefit will be subject to evidence that the Annuitant is alive on the date such payment is otherwise due.

**Which Annuity Payout Option do you want to use?**

Your Contract contains the Annuity Payout Options described below. We may at times offer other Annuity Payout Options. We may change these Annuity Payout Options at any time. Once we begin to make Annuity Payouts, the Annuity Payout Option with respect to that portion of your Contract cannot be changed.

• **Option One - Life Annuity**

We make Annuity Payouts as long as the Annuitant is living. When the Annuitant dies, we stop making Annuity Payouts. A Payee would receive only one Annuity Payout if the Annuitant dies after the first payout, two Annuity Payouts if the Annuitant dies after the second payout, and so forth.

• **Option Two - Life Annuity with a Cash Refund**

In general, we will make Personal Pension Account Payouts as long as the Annuitant is living. However, when the Owner, joint Owner or Annuitant dies before the Annuity Commencement Date, the Death Benefit will be paid. When the Annuitant dies after the Annuity Commencement Date (and the Owner is living or deceased), then the Beneficiary will receive the Death Benefit.

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As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value), except for Contracts issued in CT, FL, NJ and WA. Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account Payouts (fixed dollar amount Annuity Payout) so if you do not have value in the Personal Pension Account as of October 3, 2014, this Annuity Payout Option will not be available to you. Please see the Personal Pension Account Death Benefit section for additional information.

• **Option Three - Life Annuity With Payments for a Period Certain**

We will make Annuity Payouts as long as the Annuitant is living, but we at least guarantee to make Annuity Payouts for a time period you select, between 5 years and 100 years minus the Annuitant's age. If the Annuitant dies before the guaranteed number of years have passed, then the Beneficiary may elect to continue Annuity Payouts for the remainder of the guaranteed number of years or receive the Commuted Value in one sum. If the Contract is a qualified contract, the annuity payments may need to be modified after the death of the individual or designated beneficiary, as necessary to comply with IRS rules and regulations.

• **Option Four - Joint and Last Survivor Life Annuity**

We will make Annuity Payouts as long as the Annuitant and Joint Annuitant are living. When one Annuitant dies, we continue to make Annuity Payouts until that second Annuitant dies. Adding a joint life will usually lower the payout amount. At younger ages there is little impact, the impact is greater at older ages.When choosing this option, you must decide what will happen to the Annuity Payouts after the first Annuitant dies. You must select Annuity Payouts that:

• Remain the same at 100%, or

• Decrease to 66.67%, or

• Decrease to 50%.

For variable Annuity Payouts, these percentages represent Annuity Units; for fixed Annuity Payouts, they represent actual dollar amounts. The percentage will also impact the Annuity Payout amount we pay while both Annuitants are living. If you pick a lower percentage, your original Annuity Payouts will be higher while both Annuitants are alive.

• **Option Five - Joint and Last Survivor Life Annuity With Payments For a Period Certain**

We will make Annuity Payouts as long as either the Annuitant or Joint Annuitant are living, but we at least guarantee to make Annuity Payouts for a time period you select, between 5 years and 100 years minus your younger Annuitant's age. Adding a joint life will usually lower the payout amount. At younger ages there is little impact, the impact is greater at older ages. If the Annuitant and the Joint Annuitant both die before the guaranteed number of years have passed, then the Beneficiary may continue Annuity Payouts for the remainder of the guaranteed number of years or receive the Commuted Value in one sum. If the Contract is a qualified contract, the annuity payments may need to be modified after the death of the individual or designated beneficiary, as necessary to comply with IRS rules and regulations.

When choosing this option, you must decide what will happen to the Annuity Payouts after the first Annuitant dies. You must select Annuity Payouts that:

• Remain the same at 100%, or

• Decrease to 66.67%, or

• Decrease to 50%.

For variable dollar amount Annuity Payouts, these percentages represent Annuity Units. For fixed dollar amount Annuity Payouts, these percentages represent actual dollar amounts. The percentage will also impact the Annuity Payout amount we pay while both Annuitants are living. If you pick a lower percentage, your original Annuity Payouts will be higher while both Annuitants are alive.

• **Option Six - Payments for a Period Certain**

We agree to make payments for a specified time. The minimum period that you can select is 10 years during the first two Contract Years and 5 years after the second Contract Anniversary. The maximum period that you can select is 100 years minus your Annuitant's age. If, at the death of the Annuitant, Annuity Payouts have been made for less than the time period selected, then the Beneficiary may elect to continue the remaining Annuity Payouts or receive the Commuted Value in one sum. You may not choose a fixed dollar amount Annuity Payout during the first two Contract Years. If the Contract is a qualified contract, the annuity payments may need to be modified after the death of the individual or designated beneficiary, as necessary to comply with IRS rules and regulations.

• **Option Seven - Reserved**

• **Option Eight - Joint and Last Survivor Life with Cash Refund**

Prior to the Annuity Commencement Date, this Annuity Payout Option provides for Personal Pension Account Payouts for as long as the Owner, Annuitant or the Joint Annuitant are alive at 100% of the applicable scheduled Payout Purchase Rate(s). The previously established Guarantee Window, Payout Purchase Rate(s), and Credited Interest Rate(s) will continue to

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apply for the duration of the Personal Pension Account rider. Any remaining Death Benefit shall be payable to the Beneficiary.

On or after the Annuity Commencement Date, this Annuity Payout Option provides for Personal Pension Account Payouts for as long as the Annuitant or Joint Annuitant is alive at 100% of the applicable scheduled Payout Purchase Rate(s). Any remaining Death Benefit shall be payable to the Beneficiary.

This Annuity Payout Option is only available for fixed dollar Personal Pension Account Payouts and may not be combined with Annuity Payout Option Two - Life Annuity with Cash Refund.

Pension Account Payouts will terminate upon notification of the death of the Owner, Annuitant or Joint Annuitant, whichever shall last occur, provided that the last of such deaths transpired prior to the Annuity Commencement Date. Personal Pension Account Payouts will also terminate upon notification of the death of the Annuitant or Joint Annuitant, whichever shall last occur, provided the last of such deaths transpired after the Annuity Commencement Date. Your Benefit Balance shall always remain in the Personal Pension Account while the Personal Pension Account rider is in effect.

We reserve the right to impose restrictions regarding who can serve as the Annuitant, Joint Annuitant and/or Beneficiary when selecting this Annuity Payout Option. Currently, you must designate your Spouse as the Joint Annuitant and Beneficiary when selecting this Annuity Payout Option. Except as provided below (regarding divorce proceedings), these designations may not be changed by you.

We assume that if you elected Annuity Payout Option Eight, that you also intend to elect Spousal Contract continuation in which event no portion of the Death Benefit will be paid until the last Spouse dies. However, if you prefer not to exercise these rights, you may notify us to settle the Death Benefit after the first Spouse dies.

You may make a one time election to convert to Annuity Payout Option Two upon completion of divorce proceedings provided that you become the sole, remaining Owner and Personal Pension Account Payouts have not commenced. In these circumstances:

• The Target Income Age remains the same if the older Annuitant becomes the remaining Owner. If the younger Annuitant becomes the remaining Owner, then the Target Income Age will be reset to that Annuitant's age when making an initial investment into the Personal Pension Account plus the difference between the older Annuitant's age when making an initial investment into the Personal Pension Account and the previously stated Target Income Age. For example, if the older Annuitant was age 70 upon initial Personal Pension Account investment and the Target Income Age selected was 75 (a difference of 5 years), then the new Target Income Age corresponding with the younger remaining Annuitant (Spouse) will equal his or her age upon the initial Personal Pension Account investment (assume age 60 in this case) + 5, or age 65.

• The Credited Interest Rate schedule will only be reset based on the remaining Owner's age after age 79. Payout Purchase Rates will be reset based on the remaining Owner's age and gender as of the date of conversion.

This option is only available for Personal Pension Account Payouts (fixed dollar amount Annuity Payout). We reserve the right to approve the designation of the Owner, joint Owner, Annuitant(s) and/or Beneficiary for the purposes of establishing benefits under this Annuity Payout option.

The Joint Annuitant designated for Option Eight shall also be the Joint Annuitant under Annuity Payout Options Four and Five, if you elected to annuitize Contract Value. Election of Option Eight does not mean you are required to elect Annuity Payout Options Four or Five to annuitize any Contract Value portions of your Contract. This Annuity Payout Option will not be available to custodian-owned qualified contracts, or contracts with other non-natural owner types (trusts, including charitable remainder trusts, corporations, municipalities, etc.). Please see Section 10.c. Personal Pension Account for additional information.

**As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value), except for Contracts issued in CT, FL, NJ and WA.** Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account Payouts (fixed dollar amount Annuity Payout) so if you do not have value in the Personal Pension Account as of October 3, 2014, this Annuity Payout Option will not be available to you. Please see the Personal Pension Account Death Benefit section for additional information.

**You cannot terminate your Contract once Annuity Payouts begin, unless you have selected Annuity Payout Options Two, Three, Five, Six or Eight. A CDSC, if applicable, may be deducted.** Please see CDSC Example 6 in Appendix B.

Annuity Payout Options Two and Eight are only available for Personal Pension Account Payouts from the Personal Pension Account. Annuity Payout Options One, Three, Four, Five and Six are only available for Annuity Payouts from the FAF or Sub-Accounts.

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For certain qualified Contracts, if you elect an Annuity Payout Option with a Period Certain, the guaranteed number of years must be less than the life expectancy of the Annuitant at the time the Annuity Payouts begin. We compute life expectancy using the IRS mortality tables.

**Automatic Annuity Payouts**

If you do not elect an Annuity Payout Option, monthly Annuity Payouts will automatically begin on the Annuity Commencement Date under Annuity Payout Option Three. Automatic Annuity Payouts will be fixed dollar amount Annuity Payouts, variable dollar amount Annuity Payouts, or a combination of fixed or variable dollar amount Annuity Payouts, depending on the investment allocation of your Account in effect on the Annuity Commencement Date. Automatic variable Annuity Payouts will be based on an Assumed Investment Return equal to 5%.

**How often do you want the Payee to receive Annuity Payouts?**

In addition to selecting an Annuity Commencement Date and an Annuity Payout Option, you must also decide how often you want the Payee to receive Annuity Payouts. You may choose to receive Annuity Payouts:

• monthly,

• quarterly,

• semi-annually, or

• annually.

Annual Annuity Payouts are less than 12 times the monthly payout amount due to a modal factor based on the AIR for variable Annuity Payouts or minimum interest rate for fixed Annuity Payouts. Once you select a frequency, it cannot be changed. When selecting a frequency other than monthly, the Payout Purchase Rate used to determine Annuity Payouts will be adjusted by a factor. The factor accounts for the current value of accelerated Payouts, and will result in a Payout that is less than the sum of each monthly Payout that would have been paid during the same period of time. If you do not make a selection, the Payee will receive monthly Annuity Payouts. You must select a frequency that results in an Annuity Payout of at least $50. If the amount falls below $50, we have the right to change the frequency to bring the Annuity Payout up to at least $50.

**Do you want Annuity Payouts to be Fixed Dollar Amount or Variable Dollar Amount?**

You may choose an Annuity Payout Option with fixed dollar amounts or variable dollar amounts, depending on your income needs. Fixed dollar Annuity Payouts do not change. Variable dollar Annuity Payouts change with every payout. A lower AIR will start with a lower payout amount. You may not choose a fixed dollar amount Annuity Payout during the first two Contract Years. If you elect the Personal Pension Account, your Annuity Payout Option may only be a fixed dollar amount.

• **Fixed Dollar Amount Annuity Payouts**

Once a fixed dollar amount Annuity Payout begins, you cannot change your selection to receive variable dollar amount Annuity Payouts. You will receive equal fixed dollar amount Annuity Payouts throughout the Annuity Payout period. Fixed dollar amount Annuity Payout amounts are determined by multiplying the Contract Value, minus any applicable Premium Taxes, by an annuity rate set by us. Annuity purchase rates may vary based on the aspect of the Contract annuitized.

• **Variable Dollar Amount Annuity Payouts**

Once a variable dollar amount Annuity Payout begins, you cannot change your selection to receive a fixed dollar amount Annuity Payout. A variable dollar amount Annuity Payout is based on the investment performance of the Sub-Accounts. The variable dollar amount Annuity Payouts may fluctuate with the performance of the Funds. To begin making variable dollar amount Annuity Payouts, we convert the first Annuity Payout amount to a set number of Annuity Units and then price those units to determine the Annuity Payout amount. The number of Annuity Units that determines the Annuity Payout amount remains fixed unless you transfer units between Sub-Accounts.

The dollar amount of the first variable Annuity Payout depends on:

• the Annuity Payout Option chosen,

• the Annuitant's attained age and gender (if applicable),

• the applicable annuity purchase rates based on the 1983a Individual Annuity Mortality table adjusted for projections based on accepted actuarial principles, and

• the Assumed Investment Return ("AIR").

The total amount of the first variable dollar amount Annuity Payout is determined by dividing the Contract Value minus any applicable Premium Taxes by $1,000 and multiplying the result by the payment factor defined in the Contract for the selected Annuity Payout Option.

The dollar amount of each subsequent variable dollar amount Annuity Payout is equal to the total of Annuity Units for each Sub-Account multiplied by the Annuity Unit Value of each Sub-Account.

The Annuity Unit Value of each Sub-Account for any Valuation Period is equal to the Accumulation Unit Value Net Investment Factor for the current Valuation Period multiplied by the Annuity Unit Factor, multiplied by the Annuity Unit Value

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for the preceding Valuation Period. The Annuity Unit Factor offsets the AIR used to calculate your first variable dollar amount Annuity Payout.

The first Annuity Payout will be based upon the AIR. The remaining Annuity Payouts will fluctuate based on the performance of the Funds in relation to the AIR. A lower AIR will start with a lower payout amount. The degree of the fluctuation will depend on the AIR you select.

You can select one of the following AIRs offered, subject to state variations:

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| **AIR** | **Annuity<br>Unit Factor** | **AIR** | **Annuity<br>Unit Factor** | **AIR** | **Annuity<br>Unit Factor** |
| 3% | 0.999919 | 5% | 0.999866 | 6% | 0.999840 |

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The greater the AIR, the greater the initial Annuity Payout. But a higher AIR may result in a smaller potential growth in future Annuity Payouts when the Sub-Accounts earn more than the AIR. On the other hand, a lower AIR results in a lower initial Annuity Payout, but future Annuity Payouts have the potential to be greater when the Sub-Accounts earn more than the AIR.

For example, if the Sub-Accounts earned exactly the same as the AIR, then the second monthly Annuity Payout is the same as the first. If the Sub-Accounts earned more than the AIR, then the second monthly Annuity Payout is higher than the first. If the Sub-Accounts earned less than the AIR, then the second monthly Annuity Payout is lower than the first.

Level variable dollar amount Annuity Payouts would be produced if the investment returns remained constant and equal to the AIR. In fact, Annuity Payouts will vary up or down as the investment rate varies up or down from the AIR. The degree of variation depends on the AIR you select.

After the Annuity Calculation Date, you may transfer dollar amounts of Annuity Units from one Sub-Account to another. On the day you make a transfer, the dollar amounts are equal for both Sub-Accounts and the number of Annuity Units will be different. We will transfer the dollar amount of your Annuity Units the day we receive your written request if received before the close of the New York Stock Exchange. Otherwise, the transfer will be made on the next Valuation Day. All Sub-Account transfers must comply with applicable transfer restriction policies.

• **Combination Annuity Payout**

You may choose to receive a combination of fixed dollar amount and variable dollar amount Annuity Payouts as long as they total 100% of your Annuity Payout. For example, you may choose to use 40% fixed dollar amount and 60% variable dollar amount to meet your income needs. Combination Annuity Payouts are not available during the first two Contract Years.

**8. Benefits Available Under the Contract**

The following table summarizes information about the benefits available under the Contract. The availability of Contract benefits may vary depending on the broker-dealer through which the Contact is sold. See Appendix D - Financial Intermediary Variations for additional information.

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|:---|:---|:---|:---|
| **Optional Benefits (No Longer Available For Election)** | **Optional Benefits (No Longer Available For Election)** | **Optional Benefits (No Longer Available For Election)** | **Optional Benefits (No Longer Available For Election)** |
| **Name of Benefit** | **Purpose** | **Maximum Fee** | **Brief Description of Restrictions/Limitations** |
| **Maximum Anniversary Value V** | • Guaranteed minimum death benefit<br>• Provides an enhanced death benefit that may increase the amount payable upon death compared to the standard death benefit | 1.50% <br>(as a percentage of the death benefit) | • Investment restrictions limit available investment options <br>• Withdrawals may significantly reduce the death benefit <br>• Advisory fee withdrawals impact the benefit in the same manner as any other partial withdrawal, therefore such withdrawals may significantly reduce the benefit by more than the amount withdrawn<br>• Transfers to the Personal Pension Account may significantly reduce the death benefit <br>• Increases to Maximum Anniversary Value are only calculated prior to the 81st birthday <br>• Annuitizing the Contract will eliminate the benefit |
| **Return of Premium V** | • Guaranteed minimum death benefit <br>• Provides an enhanced death benefit that may increase the amount payable upon death compared to the standard death benefit | 0.75% <br>(as a percentage of the death benefit) | • Withdrawals may significantly reduce the death benefit <br>• Advisory fee withdrawals impact the benefit in the same manner as any other partial withdrawal, therefore such withdrawals may significantly reduce the benefit by more than the amount withdrawn<br>• Transfers to the Personal Pension Account may significantly reduce the death benefit <br>• Annuitizing the Contract will eliminate the benefit |

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| **Legacy Lock** | • Guaranteed minimum death benefit <br>• Provides an enhanced death benefit that may increase the amount payable upon death compared to the standard death benefit | 1.50% <br>(as a percentage of the greater of (a) Enhanced Return of Premium or (b) Return of Premium V Death Benefit each Contract Anniversary) | • Investment restrictions limit available investment options<br>• Withdrawals may significantly reduce the death benefit <br>• Advisory fee withdrawals impact the benefit in the same manner as any other partial withdrawal, therefore such withdrawals may significantly reduce the benefit by more than the amount withdrawn<br>• Transfers to the Personal Pension Account may significantly reduce the death benefit <br>• Annuitizing the Contract will eliminate the benefit |
| **Maximum Daily Value** | • Guaranteed minimum death benefit <br>• Provides an enhanced death benefit that may increase the amount payable upon death compared to the standard death benefit | 1.50% <br>(as a percentage of death benefit) | • Investment restrictions limit available investment options <br>• Withdrawals may significantly reduce the death benefit <br>• Advisory fee withdrawals impact the benefit in the same manner as any other partial withdrawal, therefore such withdrawals may significantly reduce the benefit by more than the amount withdrawn<br>• Transfers to the Personal Pension Account may significantly reduce the death benefit <br>• Increases to the Maximum Daily Value are only calculated to the 81st birthday<br>• Annuitizing the Contract will eliminate the benefit |
| **Future5** | • Guaranteed minimum lifetime withdrawal benefit<br>• Provides for guaranteed yearly withdrawals/payments until the death of the covered live(s) if conditions are satisfied<br>• Includes an annual automatic step-up feature that may increase the benefit | 2.50%<br>(as a percentage of Payment Base) | • Investment restrictions limit available investment options<br>• Guaranteed withdrawals cannot begin until the relevant covered life attains age 59½<br>• Early and excess withdrawals may significantly reduce or terminate the benefit<br>• Advisory fee withdrawals impact the benefit in the same manner as any other partial withdrawal, therefore such withdrawals may significantly reduce the benefit by more than the amount withdrawn<br>• Withdrawals reduce the potential for step-ups<br>• Withdrawals may terminate the deferral bonus period <br>• Automatic step-ups waived if you declined fee increase<br>• Transfers to the Personal Pension Account may significantly reduce the benefit<br>• Benefit base cannot be more than $5 million<br>• Premium Payments may be subject to restrictions<br>• Annuitizing the Contract may eliminate the benefit<br>• Deferral Option is not available |

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| **Future6** | • Guaranteed minimum lifetime withdrawal benefit<br>• Provides for guaranteed yearly withdrawals/payments until the death of the covered live(s) if conditions are satisfied<br>• Includes an annual automatic, uncapped step-up feature that may increase the benefit | 2.50%<br>(as a percentage of Payment Base) | • Investment restrictions limit available investment options<br>• Guaranteed withdrawals cannot begin until the relevant covered life attains age 59½<br>• Early and excess withdrawals may significantly reduce or terminate the benefit<br>• Advisory fee withdrawals impact the benefit in the same manner as any other partial withdrawal, therefore such withdrawals may significantly reduce the benefit by more than the amount withdrawn<br>• Withdrawals reduce the potential for step-ups<br>• Withdrawals may terminate the deferral bonus period<br>• Automatic step-ups waived if you declined fee increase<br>• Transfers to the Personal Pension Account may significantly reduce the death benefit <br>• Benefit base cannot be more than $5 million<br>• Premium Payments may be subject to restrictions<br>• Annuitizing the Contract may eliminate the benefit<br>• Deferral Option is not available |
| **Daily Lock** | • Guaranteed minimum lifetime withdrawal benefit<br>• Provides for guaranteed yearly withdrawals/payments until the death of the covered live(s) if conditions are satisfied<br>• Includes an annual automatic step-up feature that may increase the benefit | 2.50%<br>(as a percentage of Payment Base) | • Investment restrictions limit available investment options<br>• Guaranteed withdrawals/payments cannot begin until the relevant covered life attains age 59½<br>• Early and excess withdrawals may significantly reduce or terminate the benefit<br>• Advisory fee withdrawals impact the benefit in the same manner as any other partial withdrawal, therefore such withdrawals may significantly reduce the benefit by more than the amount withdrawn<br>• Withdrawals reduce the potential for step-ups<br>• Withdrawals may terminate the deferral bonus period<br>• Automatic step-ups waived if you declined fee increase<br>• Transfers to the Personal Pension Account may significantly reduce the death benefit <br>• Benefit base cannot be more than $5 million<br>• Premium Payments may be subject to restrictions<br>• Annuitizing the Contract may eliminate the benefit<br>• Deferral Option is not available |
| **Safety Plus** | • Guaranteed minimum accumulation benefit<br>• Provides a guarantee of premium after 10 years if conditions are satisfied | 2.50% <br>(as a percentage of <br>Guaranteed Accumula-<br>tion Benefit) | • Investment restrictions limit available investment options<br>• Early and excess withdrawals may significantly reduce or terminate the benefit <br>• Advisory fee withdrawals impact the benefit in the same manner as any other partial withdrawal, therefore such withdrawals may significantly reduce the benefit by more than the amount withdrawn<br>• Transfers to the Personal Pension Account may significantly reduce the death benefit <br>• Benefit base cannot be more than $5 million <br>• Premium Payments may be subject to restrictions <br>• Annuitizing the Contract may eliminate the benefit <br>• Deferral Option is not available |

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|:---|:---|:---|
| **Standard Benefits (No Additional Charge)** | **Standard Benefits (No Additional Charge)** | **Standard Benefits (No Additional Charge)** |
| **Name of Benefit** | **Purpose** | **Brief Description of Restrictions/Limitations** |
| **InvestEase**<sup>®</sup> | Electronic transfer of funds from your bank account into your Contract | • Minimum amount for each transfer is $50 |

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| **Asset Allocation Models** | Model allocations among investment options that may be based on factors such as, *e.g.*, risk, time horizon, or certain funds of fund families | • Must invest all Premium Payments in a selected model<br>• May participate in only one model at a time<br>• Models cannot be combined with other models or individual investment option elections<br>• May be required to select a model under a benefit's investment restrictions<br>• May switch models up to 12 times per year, subject to any applicable investment restrictions<br>• Participation subject to quarterly rebalancing |
| **Asset Rebalancing** | Allows you to automatically rebalance Contract Value in the Sub-Accounts at a specified frequency to the asset allocation percentages that you previously selected. | • Only one set of asset allocation instructions at a time<br>• FAF excluded |
| **Dollar Cost Averaging - Fixed Amount DCA** | Provides for automatic, periodic transfers of fixed amounts from the FAF or any Funds to other investment options | • Program transfers may not be made into the FAF<br>• Transfers may be monthly or quarterly<br>• Must perform at least three transfers to remain in the program |
| **Dollar Cost Averaging - Earnings/Interest DCA** | Provides for automatic, periodic transfers of earnings or interest from the FAF or any Funds to other investment options | • Program transfers may not be made into the FAF<br>• Transfers may be monthly or quarterly<br>• Must perform at least three transfers to remain in the program |
| **Automatic Income Program** | Provides for automatic, periodic partial withdrawals up to 5% of total Premium Payments, or up to the allowable limit under an optional benefit, each Contract Year, without any early withdrawal charges | • Partial withdrawals may occur monthly, quarterly, semi-annually or annually<br>• Program withdrawals may not be made from the Personal Pension Account<br>• Minimum amount of each withdrawal is $100<br>• Amounts withdrawn count towards the AWA and any applicable optional benefit withdrawal limits |
| **Standard Death Benefit** | Upon the Contract Owner's or Annuitant's death during the accumulation period, provides for payment of Contract Value | • Partial withdrawals may significantly reduce the benefit<br>• Excludes balance in the Personal Pension Account<br>• Partial withdrawals or transfers to the Personal Pension Account may significantly reduce the benefit<br>• Terminates upon entering the annuity period <br>• Advisory fee withdrawals impact the benefit in the same manner as any other partial withdrawal, therefore such withdrawals may significantly reduce the benefit on a dollar-for-dollar basis |
| **Personal Pension Account Death Benefit** | Upon the Contract Owner's or Annuitant's death during the accumulation period, provides for payment of Accumulation Balance in the Personal Pension Account | • Partial withdrawals or transfers to the Sub-Accounts and the FAF may significantly reduce the benefit<br>• Terminates upon entering the Annuity Period<br>• Advisory fee withdrawals impact the benefit in the same manner as any other partial withdrawal, therefore such withdrawals may significantly reduce the benefit |
| **Hospital or Skilled Health Care facility confinement waiver (Nursing Home Waiver)** | Provides a waiver of surrender charges if a covered person is confined to a defined facility | • A covered person must meet the preset conditions for a preset amount to time to qualify for the waiver of surrender charges on a full or partial withdrawal. |

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**9. Death Benefits** 

**a. Standard Death Benefit** 

**What is the Death Benefit and how is it calculated?**

The Death Benefit is the amount we will pay if the Owner, joint Owner, or the Annuitant, if applicable, dies before we begin to make Annuity Payouts. The Standard Death Benefit is equal to your Contract Value (less Premium Based Charge, if applicable) calculated as of the Valuation Day when we receive a certified death certificate or other legal document acceptable to us. The calculated Death Benefit will remain invested according to the Owner's last instructions until we receive complete written settlement instructions from the Beneficiary. This means the Death Benefit amount will fluctuate

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with the performance of the Account. When there is more than one Beneficiary, we will calculate the Accumulation Units for each Sub-Account and the dollar amount for the FAF for each Beneficiary's portion of the proceeds.

We reserve the right to treat all deferred variable annuities that you buy from us as a single contract for the purposes of determining your total Death Benefits. These limits will be applied if you make $5 million or more in total aggregate Premium Payments. If applicable, the aggregate limit on total Death Benefits payable by us will never exceed the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.the aggregate Deposits, modified by adjustments for partial Surrenders and Personal Pension Account Payouts under applicable Contracts and riders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.the aggregate Total Balance plus $1 million.

Any reduction in Death Benefits will be in proportion to the Contract Value of each deferred variable annuity at the time of reduction. In addition, there may be limitations on the aggregate death benefits if you purchased one or more contracts with an initial Premium Payment of less than $5,000,000 but you add Premium Payments or purchased additional contracts such that Premium Payments under the contracts aggregate to $5,000,000 or more. See your contract for more information.

The Standard Death Benefit is payable in addition to your Personal Pension Account Death Benefit.

Please see the heading entitled "What kinds of Surrenders are available? - Before the Annuity Commencement Date" in Section 7.d "Surrenders." Taking partial Surrenders may significantly negatively affect your Death Benefit. Please consult with your investment professional before making partial Surrenders to be sure that you fully understand the ways such a decision will affect your Contract.

**Withdrawals to Pay Advisory Fees**

If you receive services for your Contract from a third-party financial intermediary who charges an advisory fee for their services, and you direct us to deduct your advisory fees from your Contract Value, we will treat that deduction as a withdrawal from your Contract Value. The deduction for that fee will reduce death benefits and other guaranteed benefits under the Contract. If your withdrawal is in excess of the applicable withdrawal limits, it can severely affect the value of any guaranteed death benefit under your Contract. Such withdrawals may reduce your benefits on a proportional basis rather than by the dollar amount actually surrendered and it can severely affect he value of any guaranteed death benefit. Contract Owners should discuss the impact of deducting advisory fees from Contract Value with their financial intermediaries prior to making any election.

***Example:*** This hypothetical example shows only the impact to the total Premium Payments component of a hypothetical death benefit. Other components have a different treatment. In this example, partial surrenders reduce the total Premium Payments proportionally. The total Premium Payments equal $100,000. There is a 1 percent annual advisory fee on the initial Premium Payment which equals $1,000 per Contract year.

Each year, adjustments to the total Premium Payments are made for the partial Surrender of the advisory fee. This means each year we:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Take the amount of the partial Surrender (advisory Fee), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Divide that amount by the Contract Value immediately before the partial Surrender, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Multiply that amount by the total Premium Payments.

For year 1 the Contract Value before the advisory fee is $120,000. The adjustment to your total Premium Payments for partial Surrenders of the advisory fee is on a proportional basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.Your total Premium Payments was reduced by a factor. To determine this factor, we take the amount of the partial Surrender $1,000 divided by your Contract Value immediately before the Surrender $120,000. The proportional factor was 1 - ($1,000/$120,000) = .99167.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.This factor was multiplied by $100,000. The result was an adjusted total Premium Payments of $99,166.67.

For year 2 the Contract Value before the advisory fee is $95,000. The adjustment to your total Premium Payments for partial Surrenders of the advisory fee is on a proportional basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.Your total Premium Payments was reduced by a factor. To determine this factor, we take the amount of the partial Surrender $1,000 divided by your Contract Value immediately before the Surrender $95,000. The proportional factor was 1 - ($10,000/$95,000) = .98947.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.This factor was multiplied by $99,166.67. The result was an adjusted total Premium Payments of $98,122.81.

Please see "Appendix C - Optional Rider Comparison" for a comparison of death benefits.

**b. Return of Premium V** 

**Objective**

To provide a Death Benefit equal to the greater of Premium Payments adjusted for Surrenders or Contract Value, minus Premium Based Charges, if applicable, that we will pay if the Owner, joint Owner, or the Annuitant dies before we begin to make Annuity Payouts.

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Please consider the following prior to electing this rider:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Partial Surrenders and excess transfers to the Personal Pension Account will reduce the benefit proportionally, as described below.

**When can you buy the rider?**

The Return of Premium V rider is no longer available for purchase (including adding it to existing Contracts).

**How is the charge for this rider calculated?**

The fee for the rider is based on the Death Benefit on each Contract Anniversary. This charge will automatically be deducted from your Contract Value on your Contract Anniversary prior to all other financial transactions. A pro-rated charge will be deducted in the event of a full Surrender of this Contract. The charge for the rider will be withdrawn from each Sub-Account in the same proportion that the value of each Sub-Account bears to the total Contract Value, excluding the FAF. The rider charge will not be applied to the Personal Pension Account Benefit Balance. Except as otherwise provided below, we will continue to deduct this charge until we begin to make Annuity Payouts.

We can not increase the rider fee once you elect the rider. However, in the event of a change in ownership or upon Spousal Contract continuation, the fee for the rider will be based on the Contract Value on the date of any such change plus Premium Payments received after such date, adjusted for Surrenders.

**Is this rider designed to pay you Death Benefits?**

Yes. This Death Benefit is equal to the higher of A or B:

A = Contract Value (minus Premium Based Charges, if applicable) or

B = Premium Payments adjusted for Surrenders.

See the Return of Premium V Examples 1 and 2 in "Appendix B - Examples."

The Return of Premium V Death Benefit is payable in addition to your Personal Pension Account Death Benefit.

**Does this rider replace the standard Death Benefit?**

Yes. However, if you contribute to the Personal Pension Account you will also have a Personal Pension Account Death Benefit payable prior to the Annuity Commencement Date.

**Can you terminate this rider?**

Yes. At any time following the earliest of the fifth anniversary of the rider effective date or Spousal Contract continuation, the Contract Owner may elect to terminate this rider. If this rider is terminated, then a pro-rated rider charge will be assessed on the termination date, and will no longer be assessed thereafter. The Death Benefit will be reset to the Standard Death Benefit. No other optional Death Benefit may be elected following the termination. Please also see "Other Information" at the end of this section for other ways the rider may terminate.

A company-sponsored exchange of this rider will not be considered to be a termination by you of the rider. This rider will also terminate upon election of a Death Benefit option (described in Section 9) by the Beneficiary (excluding Spousal Contract continuation).

**What effect do partial Surrenders have on your benefits under the rider?**

Any and all partial Surrenders, whether individually or in the aggregate, will reduce your Death Benefit on a proportionate basis. **A partial Surrender may reduce the Death Benefit by an amount greater than the amount Surrendered if the Contract Value is less than your Premium Payments.** See Return of Premium V Examples 1-3 in "Appendix B - Examples" for an illustration of this calculation .

Any and all transfers to the Personal Pension Account will reduce your Death Benefit. Transfers within the Transfer Limit will reduce your Death Benefit on a dollar-for-dollar basis. Transfers in excess of the Transfer Limit will reduce your Death Benefit on a proportionate basis. **A transfer above the Transfer Limit to the Personal Pension Account may reduce the Death Benefit by an amount greater than the amount transferred if the Contract Value is less than your Premium Payments adjusted for Surrenders.** The Return of Premium V Transfer Limit is equal to 5% of the Premium Payment(s) adjusted for Surrenders and transfers to and from the Personal Pension Account; or if an ownership change or Spousal Contract continuation is processed, 5% of the Contract Value on the effective date of such change plus Premium Payment(s) received after the effective date of such change. See Return of Premium V Examples 1-3 in "Appendix B - Examples."

**What happens if you change ownership?**

We reserve the right to approve all ownership changes. Certain approved changes in ownership before the Annuity Commencement Date may cause a recalculation of the Death Benefit. Any ownership change made within the first six months from the Contract issue date (if prior to the Annuity Commencement Date) will have no impact on the rider values as long as each succeeding Owner is younger than the maximum rider age limitation at the time of the change.

An ownership change made after the first six months of the Contract issue date (if prior to the Annuity Commencement Date) will cause a recalculation of this Death Benefit. If the oldest Owner after the change is equal to or older than the

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maximum age limitation, we will terminate this rider and the Death Benefit will be reset to the Standard Death Benefit. A final pro-rated rider charge will be assessed on the termination date, and then will no longer be assessed.

Ownership changes may be taxable to you. We recommend that you consult with a tax adviser before making any ownership changes.

**Can your Spouse continue your Death Benefit?**

Generally, Yes. If the Owner dies and the sole Beneficiary at the time of death, is the deceased Owner's Spouse we will increase the Contract Value to the Death Benefit, if the Death Benefit is greater than the Contract Value on the date of due proof of death. The Spouse may continue the Contract and this rider, if then available. This right may be exercised only once during the term of the Contract.

If the Owner or the Annuitant is equal to or older than the maximum age limitation at the time of the Spousal Contract continuation and/or this rider (or similar rider, as we determine) is not available for sale, we will terminate this rider and the Death Benefit will be reset to the standard Death Benefit. A final pro-rated rider charge will be assessed on the termination date, and then will no longer be assessed.

**What happens if you annuitize your Contract?**

If you elect to annuitize your Contract prior to reaching the Annuity Commencement Date, you may only annuitize your Contract Value. If your Contract reaches the Annuity Commencement Date, the Contract must be annuitized. This rider terminates once an Annuity Payout Option (other than Annuity Payout Option Two or Eight) is elected and the Death Benefit terminates.

**Are there restrictions on how you must invest?**

No. We reserve the right to impose investment restrictions in the future.

**Are there restrictions on the amount of subsequent Premium Payments?**

Yes. We reserve the right to require our approval on all subsequent Premium Payments received after the first twelve months. We may not accept any subsequent Premium Payment which brings the total of such cumulative subsequent Premium Payments in excess of $100,000 without prior approval. This restriction is not currently enforced. Following your Annuity Commencement Date, we will no longer accept subsequent Premium Payments.

**Can we aggregate Contracts?**

Yes. We reserve the right to treat all deferred variable annuities that you buy from us as a single contract for the purpose of determining your total Death Benefits. These limits will be applied if you make $5 million or more in total aggregate Premium Payments. If applicable, the aggregate limit on total Death Benefits payable by us will never exceed a maximum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.the aggregate Deposits, modified by adjustments for partial Surrenders or payouts under all applicable contracts and riders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.the aggregate Total Balance plus $1 million.

Any reduction in Death Benefits will be in proportion to the Contract Value of each deferred variable annuity at the time of reduction.

**Other information**

The rider may not be appropriate for all investors. Several factors, among others, should be considered:

• Please see the Optional Rider Comparison chart in Appendix C for a summary of the differences between all optional riders.

• The benefits under the rider cannot be directly or indirectly assigned, collateralized, pledged or securitized in any way. Any such actions will invalidate the rider and allow us to terminate the rider.

• We may terminate this rider based upon the following conditions: Spousal Contract continuation, ownership changes, and/or assignment. If we terminate the rider, it cannot be re-elected by you.

• Any partial Surrender or transfer of Contract Value into the Personal Pension Account, including enrollment in certain asset rebalancing Programs, may trigger a proportionate reduction to your Death Benefit.

• **Any payment obligation we make under the Contract, including Death Benefits payments, is subject to our financial strength and claims-paying ability and our long-term ability to make such payments.** 

**c. Maximum Anniversary Value V** 

**Objective**

To provide a Death Benefit equal to the greatest of: (a) Maximum Anniversary Value, (b) Premium Payments adjusted for Surrenders or (c) Contract Value that we will pay if the Owner, joint Owner, or the Annuitant dies before we begin to make Annuity Payouts. Please consider the following prior to electing this rider:

• This rider has investment restrictions. Violation of the investment restrictions may result in termination of this rider.

• Partial Surrenders and excess transfers to the Personal Pension Account will reduce the benefit proportionally, as described below.

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**When can you buy the rider?**

The Maximum Anniversary Value V rider is no longer available for purchase (including adding it to existing Contracts).

**How is the charge for this rider calculated?**

The fee for the rider is based on the Death Benefit and is taken on each Contract Anniversary. This rider fee will be automatically deducted from your Contract Value on your Contract Anniversary prior to all other financial transactions. A pro-rated charge will be deducted in the event of a full Surrender of this Contract. The charge for the rider will be withdrawn from each Sub-Account in the same proportion that the value of each Sub-Account bears to the total Contract Value, excluding the FAF. The rider charge will not be applied to the Personal Pension Account Benefit Balance. Except as otherwise provided below, we will continue to deduct this charge until we begin to make Annuity Payouts. See Maximum Anniversary Value V Example 4 in "Appendix B - Examples."

The rider charge will not increase after you elect the rider unless there is a change in ownership or upon Spousal Contract continuation.

**Is this rider designed to pay you Death Benefits?**

Yes. This Death Benefit is equal to the greatest of A, B or C:

A =&nbsp;&nbsp;&nbsp;&nbsp;Contract Value (minus Premium Based Charges, if applicable);

B =&nbsp;&nbsp;&nbsp;&nbsp;Premium Payments adjusted for partial Surrenders; or

C =&nbsp;&nbsp;&nbsp;&nbsp;Maximum Anniversary Value - The Maximum Anniversary Value is based on a series of calculations on Contract Anniversaries of Contract Values, Premium Payments and partial Surrenders. We will calculate an Anniversary Value for each Contract Anniversary prior to the deceased's 81st birthday or the date of death, whichever is earlier. The Anniversary Value is equal to the Contract Value as of a Contract Anniversary with the following adjustments: (a) Anniversary Value is increased by the dollar amount of any Premium Payments made since the Contract Anniversary; and (b) Anniversary Value is adjusted for any partial Surrenders since the Contract Anniversary. The Maximum Anniversary Value is equal to the greatest Anniversary Value attained from this series of calculations.

See Maximum Anniversary Value V Example 1 in "Appendix B - Examples."

If we permit you to elect this rider after the Contract has been issued, the starting values for Contract Value, Premium Payments and Maximum Anniversary Value will all be reset to Contract Value as of the Valuation Day that you elect this rider. Contract Value and Premium Payments prior to election of the rider (as well as those values that would have been used to set the Maximum Anniversary Value had this rider been elected upon Contract issuance), will be disregarded.

The Maximum Anniversary Value V Death Benefit is payable in addition to your Personal Pension Account Death Benefit. **Even though your Benefit Balance is not subject to principal protection under this rider, any portions of your Benefit Balance transferred to Sub-Accounts and/or the FAF are also considered to be part of the Contract Value used to compute this Death Benefit.** 

**Does this rider replace the standard Death Benefit?**

Yes. However, if you contribute to the Personal Pension Account you will also have a Personal Pension Account Death Benefit payable prior to the Annuity Commencement Date.

**Can you terminate this rider?**

No. However, we may terminate this rider upon Spousal Contract continuation, Ownership changes, assignment and/ or violation of the investment restrictions. Please also see "Other Information" at the end of this section.

**What effect do partial Surrenders have on your benefits under the rider?**

Any and all partial Surrenders, whether individually or in the aggregate, will reduce your Death Benefit on a proportionate basis. **A partial Surrender may reduce the Death Benefit by an amount greater than the amount Surrendered if the Contract Value is less than your Premium Payments.** See Maximum Anniversary Value V Example 2 in "Appendix B - Examples" for an illustration of this calculation.

Any and all transfers to the Personal Pension Account will reduce your Death Benefit. Transfers within the Transfer Limit will reduce your Death Benefit on a dollar-for-dollar basis. Transfers in excess of the Transfer Limit will reduce your Death Benefit on a proportionate basis. **A transfer above the Transfer Limit may reduce the Death Benefit by an amount greater than the amount transferred if the Contract Value is less than your Premium Payments.** The Maximum Anniversary Value V Transfer Limit is equal to 5% of the greatest of (a) Premium Payments adjusted for partial Surrenders and transfers to or from the Personal Pension Account, or (b) Maximum Anniversary Value; or if an ownership change or Spousal Contract continuation is processed, 5% of the Contract Value on the effective date of such change plus Premium Payment(s) received after the effective date of such change. See Maximum Anniversary Value V Examples 2, 3 and 5 in "Appendix B - Examples" for an illustration of this calculation.

**What happens if you change ownership?**

We reserve the right to approve all ownership changes. Certain approved changes in ownership before the Annuity Commencement Date may cause a recalculation of the Death Benefit. Any ownership change made within the first six

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months from the Contract issue date (if prior to the Annuity Commencement Date) will have no impact on the rider values as long as each succeeding Owner is less than the maximum rider age limitation at the time of the change. We also reserve the right to require you to reallocate investments according to then applicable investment restrictions in the event of an ownership change after six months from the rider's effective date.

Any ownership change made after the first six months of the Contract issue date (if prior to the Annuity Commencement Date) will cause a recalculation of this Death Benefit. If the Death Benefit is reset, we will disregard the previously established Contract Value, Premium Payment and Maximum Anniversary Value and reset each of these values to your then current Contract Value. If the rider is not available for sale at the time of the ownership change, and if the oldest Owner at the time of the ownership change is older than the maximum age limitation, then we will terminate this rider and the Death Benefit will be reset to the standard Death Benefit. A final prorated rider charge will be assessed on the termination date, and then will no longer be assessed.

Ownership changes may be taxable to you. We recommend that you consult with a tax adviser before making any ownership changes.

**Can your Spouse continue your Death Benefit?**

Yes. If the Owner dies and the sole Beneficiary at the time of death is the deceased Owner's Spouse, we will increase the Contract Value to the Maximum Anniversary Value, if greater than the Contract Value on the date of due proof of death. The Spouse may elect to continue the Contract and this rider, if then available. This right may be exercised only once during the term of the Contract.

If any Owner or the Annuitant is older than the age limitation of the rider at the time of the Spousal Contract continuation and/or this rider (or a similar rider, as we determine) is not available for sale, then we will terminate this rider and the Death Benefit will be reset to the Standard Death Benefit. A final pro-rated rider charge will be assessed on the termination date, and then will no longer be assessed.

**What happens if you annuitize your Contract?**

If you elect to annuitize your Contract prior to reaching the Annuity Commencement Date, you may only annuitize your Contract Value. If your Contract reaches the Annuity Commencement Date, the Contract must be annuitized. This rider terminates once an Annuity Payout Option (other than Annuity Payout Option Two or Eight) is elected and the Death Benefit terminates.

**Are there restrictions on how you must invest?**

Yes. You must invest your Contract Value (including future investments) within an approved asset allocation model(s), Fund(s), and other investment program(s) approved and designated by us. As of the date of this prospectus, you must invest in the Portfolio Planner or Investment Strategies Asset Allocation Models or approved Funds listed in Appendix A. These models are rebalanced quarterly.

We may modify, add, delete, or substitute (to the extent permitted by applicable law), the asset allocation models, investment programs, Funds, portfolio rebalancing requirements, and other investment requirements and restrictions that apply while the rider is in effect. For instance, we might amend these asset allocation models if a Fund (i) is merged into another fund, (ii) changes investment objectives, (iii) closes to further investments, and/or (iv) fails to meet acceptable risk parameters. These changes will not be applied with respect to then existing investments. We will give you advance notice of these changes. Please refer to "Other Program considerations" under the section entitled "What other ways can you invest?" in Section 4.a for more information regarding the potential impact of fund mergers and liquidations with respect to then existing investments within an asset allocation model.

Except as provided below, failure to comply with any applicable investment requirement or restriction will result in termination of the rider. If the rider is terminated by us for violation of applicable investment requirements or restrictions, we will assess a pro-rated share of the rider charge and will no longer assess a rider charge thereafter. If the rider is terminated by us due to a failure to comply with these investment restrictions, you will have one opportunity to reinstate the rider by reallocating your Contract Value in accordance with then prevailing investment restrictions. You will have a fifteen day reinstatement period to do this. The reinstatement period will begin upon termination of the rider. Your right to reinstate the rider will be terminated if during the reinstatement period you make a subsequent Premium Payment, take a partial Surrender, transfer Contract Value into the Personal Pension Account or make a change in owner, Annuitant or any Joint Annuitant.

**Upon reinstatement of your rider, your Premium Payments will be reset to equal the lower of the Contract Value as of the Valuation Day of the reinstatement or the Premium Payments prior to the termination. If applicable, your Maximum Anniversary Value will be reset at the lower of the Contract Value or Maximum Anniversary Value prior to the revocation as of the date of the reinstatement. We will deduct a pro-rated rider charge on your Contract Anniversary following the reinstatement for the time period between the reinstatement date and your first Contract Anniversary following the reinstatement. Violation of these investment restrictions could result in a serious erosion of the value in this rider.** 

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It may be presumed that investment in any asset allocation model could mitigate losses but also hamper potential gains. The asset allocation models that you must invest in provide very different potential risk/reward characteristics. We are not responsible for lost investment opportunities associated with the implementation and enforcement of these investment requirements and restrictions. Investment restrictions may reduce the overall volatility in investment performance. Such reduced volatility may reduce the returns on investments and mitigate our guarantee obligations under the Contract.

If you elect this rider in combination with an optional benefit such as Safety Plus, Future5, Future6, or Daily Lock Income Benefit then in the event of a conflict between the investment restrictions above and those set forth in such optional riders, the investment restrictions in such optional riders shall prevail.

**Are there restrictions on the amount of subsequent Premium Payments?**

Yes. We reserve the right to approve all subsequent Premium Payments received after the first twelve months. We may not accept any subsequent Premium Payment which brings the total of such cumulative subsequent Premium Payments in excess of $100,000 without prior approval. This restriction is not currently enforced. Following your Annuity Commencement Date, we will no longer accept subsequent Premium Payments.

**Can we aggregate Contracts?**

Yes. We reserve the right to treat all deferred variable annuities that you buy from us as a single contract for the purposes of determining your total Death Benefits. These limits will be applied if you make $5 million or more in total aggregate Premium Payments. If applicable, the aggregate limit on total Death Benefits payable by us will never exceed a maximum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.the aggregate Deposits, modified by adjustments for partial Surrenders and Personal Pension Account Payouts under all applicable contracts and riders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.the aggregate Total Balance plus $1 million.

Any reduction in Death Benefits will be in proportion to the Contract Value of each deferred variable annuity at the time of reduction.

**Other information**

The rider may not be appropriate for all investors. Several factors, among others, should be considered:

• Please see the Optional Rider Comparison chart in Appendix C for a summary of the differences between all optional riders.

• The benefits under the rider cannot be directly or indirectly assigned, collateralized, pledged or securitized in any way. Any such actions will invalidate the rider and allow us to terminate the rider.

• We may terminate this rider based upon the following conditions: Spousal Contract continuation, ownership changes, assignment and/or violation of the investment restrictions. If we terminate the rider, it cannot be re-elected by you.

• The selection of an Annuity Payout Option and the timing of the selection may have an impact on the tax treatment of the Death Benefit.

• Any partial Surrender or transfer of Contract Value into the Personal Pension Account, including enrollment in certain asset rebalancing Programs, will trigger a proportionate reduction to your Death Benefit.

• Transfers made pursuant to an AIP may violate this rider if made during the reinstatement period following a violation of investment restrictions under this rider.

• **Any payment obligation we make under the Contract, including Death Benefits payments, is subject to our financial strength and claims-paying ability and our long-term ability to make such payments.** 

**d. Legacy Lock** 

**Objective**

To provide a Death Benefit equal to the greater of: (a) Enhanced Return of Premium ("EROP) (Premium Payments adjusted for certain partial Surrenders and transfers to the Personal Pension Account as described below); or (b) Base Return of Premium. Base Return of Premium is hereafter referred to as Return of Premium V Death Benefit and is described in Section 9.b.

Please consider the following prior to electing this rider:

• This rider has investment restrictions. Violation of the investment restrictions may result in termination of this rider.

• Lifetime Benefit Payments taken under Future6, or Daily Lock Income Benefit will not reduce the value of the EROP component of this Death Benefit.

• Partial Surrenders that exceed the Future6, or Daily Lock Income Benefit Lifetime Benefit Payment and excess transfers to the Personal Pension Account will reduce the benefit proportionally, as described below.

• The EROP component of this Death Benefit reduces to zero if your Contract Value falls below the minimum amount rule.

This rider was formerly known as Future6 DB.

**When can you buy the rider?**

The Legacy Lock rider is no longer available for purchase (including adding it to existing Contracts).

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**How is the charge for this rider calculated?**

The fee for the rider is based on the greater of (a) EROP or (b) Return of Premium V Death Benefit on each Contract Anniversary. This charge will automatically be deducted from your Contract Value on your Contract Anniversary. A prorated charge will be deducted in the event of a full Surrender of this Contract. The charge for the rider will be withdrawn from each Sub-Account in the same proportion that the value of each Sub-Account bears to the total Contract Value, excluding the FAF. The rider charge will not be applied to the Personal Pension Account Benefit Balance. Except as otherwise provided below, we will continue to deduct this charge until we begin to make Annuity Payouts. The rider fee may be increased (i) at each Contract Anniversary, (ii) in the event of a change in ownership or (iii) upon Spousal Contract continuation. The rider fee may not exceed the Maximum shown in the "Fees Table" section of this prospectus.

**Is this rider designed to pay you Death Benefits?**

Yes. The Death Benefit is equal to the greater of: (a) EROP (Premium Payments adjusted for certain partial Surrenders and transfers to the Personal Pension Account as described below); or (b) Return of Premium V Death Benefit (as described in Section 9.b.).

See the Legacy Lock Examples 1 and 2 in "Appendix B - Examples."

The Legacy Lock is payable in addition to your Personal Pension Account Death Benefit.

**Does this rider replace the standard Death Benefit?**

Yes. However, if you contribute to the Personal Pension Account you will also have a Personal Pension Account Death Benefit payable prior to the Annuity Commencement Date.

**Can you terminate this rider?**

No. **However, if your Future6 or Daily Lock Income Benefit rider is terminated for any reason, this rider will also terminate.** Please see "Other Information" below for other conditions which may result in termination of the rider.

**What effect do partial Surrenders have on your benefits under the rider?** 

**Death Benefit Step-Up**

The EROP component of Legacy Lock is eligible for an automatic one-time step-up to the Contract Value upon a first partial Surrender or upon the first transfer to the Personal Pension Account in excess of the Transfer Limit. The step-up will occur if the Contract Value is greater than the EROP value on the Valuation Day prior to the first (i) partial Surrender or (ii) transfer to the Personal Pension Account in excess of the Transfer Limit.

**Enhanced Return of Premium Component of Legacy Lock**

The EROP component equals 100% of Premium, adjusted by some Surrenders as described below. EROP will be increased by subsequent Premium Payments and Transfers from the Personal Pension Account and may be eligible for a one-time step-up.

Cumulative partial Surrenders during a Contract Year that are equal to or less than your Future6, or Daily Lock Income Benefit Lifetime Benefit Payment will not reduce the EROP component of your Death Benefit. Cumulative partial Surrenders during a Contract Year that are equal to or less than your Future6 or Daily Lock Income Benefit Threshold Payment will reduce the EROP component on a dollar-for-dollar basis.

Cumulative partial Surrenders during a Contract Year that exceed your Future6 Lifetime Benefit Payment or Threshold Payment will reduce the EROP component on a proportionate basis provided the exception described in the following paragraph does not apply. **Such partial Surrender(s) may reduce the EROP component by an amount greater than the amount Surrendered if the Contract Value is less than your Premium Payments.** See Legacy Lock Examples 1 and 2 in "Appendix B - Examples" for an illustration of this calculation.

If partial Surrenders are taken in excess of the Lifetime Benefit Payment after your Lifetime Income Eligibility Date and withdrawn under the AIP to satisfy RMDs, the partial Surrender will not reduce the EROP component. Any additional partial Surrender will reduce the EROP component proportionally if taken above the RMD amount and outside of the AIP.

Any and all transfers to the Personal Pension Account will reduce the EROP component. Transfers within the Transfer Limit will reduce the EROP component on a dollar-for-dollar basis. Transfers in excess of the Transfer Limit will reduce the EROP component on a proportionate basis. **A transfer above the Transfer Limit to the Personal Pension Account may reduce the EROP component by an amount greater than the amount transferred if the Contract Value is less than your Premium Payments adjusted for Surrenders.** The Legacy Lock Transfer Limit is equal to 5% of the highest of (a) EROP; (b) Return of Premium V Death Benefit; or (c) if an ownership change or Spousal Contract continuation is processed, 5% of the Contract Value on the effective date of such change plus Premium Payment(s) received after the effective date of such change. See Legacy Lock Examples 1 and 2 in "Appendix B - Examples."

Your Contract Value can be impacted by taking partial Surrenders, transfers to or from the Personal Pension Account, adding subsequent Premium Payments, contract fees and market performance. If your Contract Value on any Contract Anniversary is ever reduced below the minimum amount rule (equal to the greater of (i) the Contract minimum amount rule described in Section 7.d or (ii) one Lifetime Benefit Payment under any optional guaranteed minimum withdrawal benefit

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rider) as a result of investment performance, or if on any Valuation Day a partial Surrender is taken that reduces your Contract Value below this minimum amount rule, we will no longer accept subsequent Premium Payments. In addition, **The EROP component of your Death Benefit will be reset to equal zero. The Death Benefit will then be equal to the greater of: (a) EROP or (b) Return of Premium V.** 

You may then either make a full Surrender and terminate your Contract and rider, or you may continue your Contract. If you continue your Contract, you must transfer your remaining Contract Value to an approved Sub-Account(s) and/or Programs within ten business days or we will exercise our reserved contractual rights to reallocate these sums to the money market Sub-Account.

**How will I know whether my Contract Value is approaching the minimum amount rule?**

We will provide you with periodic notifications as your Contract Value decreases and approaches the minimum amount rule. However, if you make a large enough partial surrender, or there is a severe enough market correction affecting your Contract Value, it could have the effect of suddenly or unexpectedly dropping your Contract Value below the minimum amount rule.

**What options will I have as I approach the minimum amount rule or fall unexpectedly below it?**

If your Contract Value falls below the minimum amount rule we will notify you that you must either (i) choose to begin Lifetime Benefit Payments under your Future6 or Daily Lock Income Benefit, or (ii) defer the Lifetime Benefit Payments and maintain the EROP component of your Contract's death benefit. If your Contract Value falls below the minimum amount rule due to a partial surrender, we will notify you of your options at that time. If your Contract Value is below the minimum amount rule at the time of your Contract Anniversary due to adverse market performance and/or rider fees, we will notify you at that time.

If you choose to begin Lifetime Benefit Payments, the EROP component will be set to zero. The Lifetime Benefit Payments will no longer reduce your Contract Value. The Return of Premium V death benefit component will continue to be reduced by Lifetime Benefit Payments. This election may not be reversed.

If, instead, you choose to defer Lifetime Benefit Payments and maintain the EROP component, this election can be changed at any time and Lifetime Benefit Payments can begin or resume, as the case may be.

Keep in mind, however, that the EROP component cannot be maintained beyond the Annuity Commencement Date.

**What happens if you change ownership?**

We reserve the right to approve all ownership changes. Certain approved changes in ownership before the Annuity Commencement Date may cause a recalculation of the Death Benefit. Any ownership change made within the first six months from the Contract issue date (if prior to the Annuity Commencement Date) will have no impact on the rider values as long as each succeeding Owner is younger than the maximum rider age limitation at the time of the change.

Any ownership change made after the first six months of the Contract issue date (if prior to the Annuity Commencement Date) will cause a recalculation of the Death Benefit. If the oldest Owner after the change is equal to or older than the maximum age limitation, we will terminate this rider and the Death Benefit will be reset to the Standard Death Benefit. A final pro-rated rider charge will be assessed on the termination date, and then will no longer be assessed.

Ownership changes may be taxable to you. We recommend that you consult with a tax adviser before making any ownership changes.

**Can your Spouse continue your Death Benefit?**

Generally, yes. If the Owner dies and the sole Beneficiary at the time of death, is the deceased Owner's Spouse we will increase the Contract Value to the greater of the EROP or the Return of Premium V Death Benefit, if either is greater than the Contract Value on the date of due proof of death. The Spouse may continue the Contract and this rider, if then available. This right may be exercised only once during the term of the Contract.

If the Owner or the Annuitant is equal to or older than the maximum age limitation at the time of the Spousal Contract continuation and/or this rider (or similar rider, as we determine) is not available for sale, we will terminate this rider and the Death Benefit will be reset to the Standard Death Benefit. A final pro-rated rider charge will be assessed on the termination date, and then will no longer be assessed.

**What happens if you annuitize your Contract?**

Except as otherwise provided, if you elect to annuitize your Contract before reaching the Annuity Commencement Date, you may only annuitize your Contract Value. If your Contract reaches the Annuity Commencement Date, the Contract's Contract Value must be annuitized or surrendered. Once Annuity Payouts begin, the Death Benefit ends. This rider terminates once you (i) either elect or are required to take an Annuity Payout Option of your Contract's Contract Value, or (ii) elect an annuitization option in order to continue the Lifetime Benefit Payment under a living benefit rider. Annuitization of Personal Pension Account Contributions under Payout Options Two and Eight will not terminate the rider.

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**Are there restrictions on how you must invest?**

Yes. You must concurrently elect Future6 and abide by the Future6 investment restrictions or you must concurrently elect Daily Lock Income Benefit and abide by the Daily Lock Income Benefit investment restrictions in order to maintain this rider.

**Are there restrictions on the amount of subsequent Premium Payments?**

Yes. We require prior approval of subsequent Premium Payments after the first Contract Anniversary following the rider effective date. In addition, we will not accept any subsequent Premium Payments in excess of $100,000 in the aggregate while the rider is in effect without our prior approval.

**Can we aggregate Contracts?**

Yes. We reserve the right to treat all deferred variable annuities that you buy from us as a single contract for the purpose of determining your total Death Benefits. These limits will be applied if you make $5 million or more in total aggregate Premium Payments. If applicable, the aggregate limit on total Death Benefits payable by us will never exceed a maximum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.the aggregate Deposits, modified by adjustments for partial Surrenders or payouts under all applicable contracts and riders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.the aggregate Total Balance plus $1 million.

Any reduction in Death Benefits will be in proportion to the Contract Value of each deferred variable annuity at the time of reduction.

**Other information**

The rider may not be appropriate for all investors. Several factors, among others, should be considered:

• Please see the Optional Rider Comparison chart in Appendix C for a summary of the differences between all optional riders.

• You can only elect this rider if you elect Future6, or Daily Lock Income Benefit. You will be required to invest according to the Future6, or Daily Lock Income Benefit investment restrictions, as applicable.

• You will automatically receive a one-time step-up of the EROP to the Contract Value, if greater, upon the first partial Surrenders or transfer to the Personal Pension Account in excess of the Transfer Limit. We will not provide a notice prior to applying this step-up.

• **If your Contract Value is reduced below the minimum amount rule, the EROP component of the Death Benefit will be reduced to zero.** Please see Section 7.d. Surrenders for more information regarding the minimum amount rule. **This has the effect of providing a Death Benefit that was reduced by all prior partial Surrenders, including Lifetime Benefit Payments and all transfer to the Personal Pension Account. In addition, any step-up applied to the EROP component of the Death Benefit will be lost.** 

• The benefits under the rider cannot be directly or indirectly assigned, collateralized, pledged or securitized in any way. Any such actions will invalidate the rider and allow us to terminate the rider.

• We may terminate this rider based upon the following conditions: Spousal Contract continuation, ownership changes, and/or assignment or if Future6, or Daily Lock Income Benefit rider is terminated.

• If we terminate the rider, it cannot be re-elected by you.

• Legacy Lock is referred to as Enhanced Return of Premium Death Benefit Rider in your Contract.

• **Any payment obligation we make under the Contract, including Death Benefits payments, is subject to our financial strength and claims-paying ability and our long-term ability to make such payments.** 

**e. Maximum Daily Value** 

**Objective**

To provide a Death Benefit equal to the greatest of: (a) Maximum Daily Value, (b) Premium Payments adjusted for Surrenders and transfers to the Personal Pension Account, or (c) Contract Value (minus Premium Based Charges, if applicable) that we will pay if the Owner, joint Owner, or the Annuitant dies before we begin to make Annuity Payouts.

Please consider the following prior to electing this rider:

• This rider has investment restrictions. Violation of the investment restrictions may result in termination of this rider.

• Partial Surrenders and excess transfers to the Personal Pension Account may reduce the benefit proportionally, as described below.

**When can you buy the rider?**

The Maximum Daily Value rider is closed to new investors (including existing Owners).

**How is the charge for this rider calculated?**

The fee for the rider is based on the Death Benefit and is taken on each Contract Anniversary. This rider fee will be automatically deducted from your Contract Value on your Contract Anniversary prior to all other financial transactions. A pro-rated charge will be deducted in the event of a full Surrender of this Contract. The charge for the rider will be withdrawn from

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each Sub-Account in the same proportion that the value of each Sub-Account bears to the total Contract Value excluding the FAF. The rider charge will not be applied to the Personal Pension Account Benefit Balance. Except as otherwise provided below, we will continue to deduct this charge until we begin to make Annuity Payouts.

The rider charge may increase after you elect the rider if there is a change in ownership or upon Spousal Contract continuation.

**Is this rider designed to pay you Death Benefits?**

Yes. This Death Benefit is equal to the greatest of A, B or C:

A = Contract Value (minus Premium Based Charges, if applicable);

B = Premium Payments (including Premium Payments made after you purchase the Contract) adjusted for partial Surrenders and transfers to the Personal Pension Account; or

C = Maximum Daily Value up to the oldest owner or Annuitant's 81st birthday

See Maximum Daily Value Example 1 in "Appendix B - Examples."

The Maximum Daily Value Death Benefit is payable in addition to your Personal Pension Account Death Benefit. **Even though your Benefit Balance is not subject to principal protection under this rider, any portions of your Benefit Balance transferred to Sub-Accounts and/or the FAF are also considered to be part of the Contract Value used to compute this Death Benefit.** 

**Does this rider replace the standard Death Benefit?**

Yes. However, if you contribute to the Personal Pension Account you will also have a Personal Pension Account Death Benefit payable prior to the Annuity Commencement Date.

**Can you terminate this rider?**

No. Please see Other Information at the end of this section for conditions which may result in termination of the rider.

**What effect do partial Surrenders have on your benefits under the rider?**

Partial Surrenders, whether individually or in the aggregate, will reduce your Death Benefit on a proportionate basis if you have not elected Future5 or Daily Lock Income Benefit. If you have elected an optional withdrawal benefit, partial Surrenders up to a Threshold Payment or Lifetime Benefit Payment, as applicable, will reduce your Death Benefit on a dollar-for-dollar basis and any partial Surrenders in excess of such amounts shall reduce your Death Benefit on a proportionate basis. **A partial Surrender may reduce the Death Benefit by an amount greater than the amount Surrendered if the Contract Value is less than your Maximum Daily Value or if the Contract Value is less than net Premium Payments.** See Maximum Daily Value Examples 2 and 3 in Appendix B for an illustration of this calculation.

Any and all transfers to the Personal Pension Account will reduce your Death Benefit. Transfers within the Transfer Limit will reduce your Death Benefit on a dollar-for-dollar basis. Transfers to the Personal Pension Account in excess of the Transfer Limit will reduce your Death Benefit on a proportionate basis. **A transfer above the Transfer Limit may not reduce your Death Benefit by the same dollar amount as it would reduce your Contract Value. The adjustment to your Death Benefit may be lower or higher than the adjustment to your Contract Value.** The Maximum Daily Value Transfer Limit is equal to 5% of the greatest of (a) Premium Payments adjusted for partial Surrenders, (b) Maximum Daily Value; or (c) if an ownership change or Spousal Contract continuation is processed, 5% of the Contract Value on the effective date of such change plus Premium Payment(s) received after the effective date of such change. See Maximum Daily Value Example 4 in Appendix B for illustrations of this calculation.

If you elect another optional rider, partial Surrenders (including Lifetime Benefit Payments and Threshold Payments) may affect those other riders differently than they affect this rider.

**What happens if you change ownership?**

We reserve the right to approve all ownership changes. Certain approved changes in ownership before the Annuity Commencement Date may cause a recalculation of the Death Benefit. Any ownership change made within the first six months from the Contract issue date (if prior to the Annuity Commencement Date) will have no impact on the rider values as long as each succeeding Owner is less than the maximum rider age limitation at the time of the change. We also reserve the right to require you to reallocate investments according to then applicable investment restrictions in the event of an ownership change after six months from the rider's effective date.

Any ownership change made after the first six months of the Contract issue date (if prior to the Annuity Commencement Date) will cause a recalculation of this Death Benefit. If the Death Benefit is reset, we will disregard the previously established Contract Value, Premium Payment and Maximum Daily Value and reset each of these values to your then current Contract Value. If the rider is not available for sale at the time of the ownership change, and if the oldest Owner at the time of the ownership change is older than the maximum age limitation, then we will terminate this rider and the Death Benefit will be reset to the standard Death Benefit. A final prorated rider charge will be assessed on the termination date, and then will no longer be assessed.

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Ownership changes may be taxable to you. We recommend that you consult with a tax adviser before making any ownership changes.

**Can your Spouse continue your Death Benefit?**

Yes. If the Owner dies and the sole Beneficiary at the time of death is the deceased Owner's Spouse, we will increase the Contract Value to the Maximum Daily Value, if greater than the Contract Value on the date of due proof of death. The Spouse may elect to continue the Contract and this rider, if then available. This right may be exercised only once during the term of the Contract.

If any Owner or the Annuitant is older than the age limitation of the rider at the time of the Spousal Contract continuation and/or this rider (or a similar rider, as we determine) is not available for sale, then we will terminate this rider and the Death Benefit will be reset to the Standard Death Benefit. A final pro-rated rider charge will be assessed on the termination date, and then will no longer be assessed.

**What happens if you annuitize your Contract?**

If you elect to annuitize your Contract prior to reaching the Annuity Commencement Date, you may only annuitize your Contract Value. If your Contract reaches the Annuity Commencement Date, the Contract must be annuitized unless we agree to extend the Annuity Commencement Date, at our discretion. In this circumstance, the Contract may be annuitized under our standard annuitization rules. This rider terminates once an Annuity Payout Option (other than Annuity Payout Option Two or Eight) is elected and the Death Benefit terminates.

**Are there restrictions on how you must invest?**

Yes. You must invest your Contract Value (including future investments) within an approved asset allocation model(s), Fund(s), and other investment program(s) approved and designated by us. As of the date of this prospectus, you must invest in the Portfolio Planner or Investment Strategies Asset Allocation Models or approved Funds listed in Appendix A. These models are rebalanced quarterly.

We may modify, add, delete, or substitute (to the extent permitted by applicable law), the asset allocation models, investment programs, Funds, portfolio rebalancing requirements, and other investment requirements and restrictions that apply while the rider is in effect. For instance, we might amend these asset allocation models if a Fund (i) is merged into another fund, (ii) changes investment objectives, (iii) closes to further investments, and/or (iv) fails to meet acceptable risk parameters. These changes will not be applied with respect to then existing investments. We will give you advance notice of these changes. Please refer to "Other Program considerations" under the section entitled "What other ways can you invest?" in Section 7.a for more information regarding the potential impact of fund mergers and liquidations with respect to then existing investments within an asset allocation model.

Except as provided below, failure to comply with any applicable investment requirement or restriction will result in termination of the rider. If the rider is terminated by us for violation of applicable investment requirements or restrictions, we will assess a pro-rated share of the rider charge and will no longer assess a rider charge thereafter. If the rider is terminated by us due to a failure to comply with these investment restrictions, you will have one opportunity to reinstate the rider by reallocating your Contract Value in accordance with then prevailing investment restrictions. You will have a fifteen day reinstatement period to do this. The reinstatement period will begin upon termination of the rider. Your right to reinstate the rider will be terminated if during the reinstatement period you make a subsequent Premium Payment, take a partial Surrender, transfer Contract Value into the Personal Pension Account or make a change in owner, Annuitant or any Joint Annuitant.

**Upon reinstatement of your rider, your Premium Payments will be reset to equal the lower of the Contract Value as of the Valuation Day of the reinstatement or the Premium Payments prior to the termination. If applicable, your Maximum Daily Value will be reset at the lower of the Contract Value or Maximum Daily Value prior to the revocation as of the date of the reinstatement. We will deduct a pro-rated rider charge on your Contract Anniversary following the reinstatement for the time period between the reinstatement date and your first Contract Anniversary following the reinstatement. Violation of these investment restrictions could result in a serious erosion of the value in this rider.** 

It may be presumed that investment in any asset allocation model could mitigate losses but also hamper potential gains. The asset allocation models that you must invest in provide very different potential risk/reward characteristics. We are not responsible for lost investment opportunities associated with the implementation and enforcement of these investment requirements and restrictions.

Investment restrictions may reduce the overall volatility in investment performance. Such reduced volatility may reduce the returns on investments and mitigate our guarantee obligations under the Contract.

If you elect this rider in combination with an optional benefit such as Safety Plus, Future5, Future6 or Daily Lock Income Benefit then in the event of a conflict between the investment restrictions above and those set forth in such optional riders, the investment restrictions in such optional riders shall prevail.

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**Are there restrictions on the amount of subsequent Premium Payments?**

Yes. We reserve the right to approve all subsequent Premium Payments received after the first twelve months. We may not accept any subsequent Premium Payment which brings the total of such cumulative subsequent Premium Payments in excess of $100,000 without prior approval. Following your Annuity Commencement Date, we will no longer accept subsequent Premium Payments.

**Can we aggregate Contracts?**

Yes. We reserve the right to treat all deferred variable annuities that you buy from us as a single contract for the purposes of determining your total Death Benefits. These limits will be applied if you make $5 million or more in total aggregate Premium Payments. If applicable, the aggregate limit on total Death Benefits payable by us will never exceed a maximum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.the aggregate Deposits, modified by adjustments for partial Surrenders and Personal Pension Account Payouts under all applicable contracts and riders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.the aggregate Total Balance plus $1 million.

Any reduction in Death Benefits will be in proportion to the Contract Value of each deferred variable annuity at the time of reduction.

**Other information**

The rider may not be appropriate for all investors. Several factors, among others, should be considered:

• Please see the Optional Rider Comparison chart in Appendix C for a summary of the differences between all optional riders.

• The benefits under the rider cannot be directly or indirectly assigned, collateralized, pledged or securitized in any way. Any such actions will invalidate the rider and allow us to terminate the rider.

• We may terminate this rider based upon the following conditions: Spousal Contract continuation, ownership changes, assignment and/or violation of the investment restrictions. If we terminate the rider, it cannot be re-elected by you.

• The selection of an Annuity Payout Option and the timing of the selection may have an impact on the tax treatment of the Death Benefit.

• Any partial Surrender or transfer of Contract Value into the Personal Pension Account, including enrollment in certain asset rebalancing Programs, will trigger a proportionate reduction to your Death Benefit.

• Transfers made pursuant to an AIP may violate this rider if made during the reinstatement period following a violation of investment restrictions under this rider.

• **Any payment obligation we make under the Contract, including Death Benefits payments, is subject to our financial strength and claims-paying ability and our long-term ability to make such payments.** 

**f. How is the Death Benefit paid?** 

The Death Benefit may be taken in one lump sum or under any of the Annuity Payout Options then being offered by us, unless the Owner has designated the manner in which the Beneficiary will receive the Death Benefit. When payment is taken in one lump sum, payment will be made within seven days of Our receipt of complete instructions, except when We are permitted to defer such payment under the Investment Company Act of 1940. We will calculate the Death Benefit as of the date we receive a certified death certificate or other legal documents acceptable by us. The Death Benefit amount remains invested according to the last instructions on file and is subject to market fluctuation until complete settlement instructions are received from each Beneficiary. On the date we receive complete instructions from the Beneficiary, we will compute the Death Benefit amount to be paid out or applied to a selected Annuity Payout Option. When there is more than one Beneficiary, we will calculate the Death Benefit amount for each Beneficiary's portion of the proceeds and then pay it out or apply it to a selected Annuity Payout Option according to each Beneficiary's instructions. If we receive the complete instructions on a non-Valuation Day, computations will take place on the next Valuation Day.

If the Death Benefit payment is $5,000 or more, the Beneficiary may elect to have their Death Benefit paid through our "Talcott Resolution Pathways Program" (formerly "Safe Haven"). Under this program, the proceeds remain in our General Account and the Beneficiary will receive a draft book. Proceeds are guaranteed by the claims paying ability of the Company; however, it is not a bank account and is not insured by Federal Deposit Insurance Corporation (FDIC), nor is it backed by any federal or state government agency. The Beneficiary can write one draft for total payment of the Death Benefit or keep the money in the General Account and write drafts as needed. We will credit interest at a rate determined periodically in our sole discretion. **The interest rate is based upon the analysis of interest rates credited to funds left on deposit with other insurance companies under programs similar to the Talcott Resolution Pathways Program. In determining the interest rate, we also factor in the impact of our profitability, general economic trends, competitive factors and administrative expenses. The interest rate credit is not the same rate earned on assets in the FAF and is not subject to minimum interest rates prescribed by state non-forfeiture laws.** For federal income tax purposes, the Beneficiary will be deemed to have received the lump sum payment on transfer of the Death Benefit amount to the General Account. The interest will be taxable to the Beneficiary in the tax year that it is credited. We may not offer the Talcott

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Resolution Pathways Program in all states and we reserve the right to discontinue offering it at any time. Although there are no direct charges for this program, we earn investment income from the proceeds. The investment income we earn is likely more than the amount of interest we credit; therefore, we make a profit from the difference.

The Beneficiary may elect to leave proceeds from the Death Benefit invested with us for up to five or ten years from the date of death of the Annuitant or Owner if death occurred before the Annuity Commencement Date. The available period (five or ten years) depends on whether the Contract is non-qualified or an IRA and the Owner's date of death. Once we receive a certified death certificate or other legal documents acceptable to us, the Beneficiary can: (a) make Sub-Account transfers (subject to applicable restrictions) and (b) take Surrenders without paying CDSCs, if any. The Beneficiary may not make Personal Pension Account Contributions. We shall endeavor to fully discharge the last instructions from the Owner wherever possible or practical.

The Beneficiary of a non-qualified Contract may also elect an Annuity Payout Option that allows the Beneficiary to take the Death Benefit in a series of payments spread over a period equal to the Beneficiary's remaining life expectancy. Distributions are calculated based on IRS life expectancy tables. This option is subject to different limitations, qualifications and conditions. Not all beneficiaries will be able to elect this option.

If the Owner dies before the Annuity Commencement Date, the Death Benefit must be distributed within five years after death or be distributed under a distribution option or Annuity Payout Option that satisfies the Alternatives to the Required Distributions described below. Please see Section (C)(2)(f) in Section 13. Federal Tax Considerations for more information. If your Contract is qualified, please see Section 13. Information Regarding Tax-Qualified Plans for additional information.

If the Owner dies on or after the Annuity Commencement Date under an Annuity Payout Option that permits the Beneficiary to elect to continue Annuity Payouts or receive the Commuted Value, any remaining value must be distributed at least as rapidly as under the payment method being used as of the Owner's death. If the Contract is a qualified contract, the annuity payments may need to be modified after the death of the individual or designated beneficiary, as necessary to comply with IRS rules and regulations.

If the Owner is not an individual (e.g. a trust), then the original Annuitant will be treated as the Owner in the situations described above and any change in the original Annuitant will be treated as the death of the Owner.

**What should the Beneficiary consider?**

**Alternatives to the Required Distributions —** The selection of an Annuity Payout Option and the timing of the selection will have an impact on the tax treatment of the Death Benefit. To receive favorable tax treatment, the Annuity Payout Option selected: (a) cannot extend beyond the Beneficiary's life or life expectancy, and (b) must begin within one year of the date of death.

If these conditions are **not** met, the Death Benefit will be treated as a lump sum payment for tax purposes. This sum will be taxable in the year in which it is considered received.

**Spousal Contract Continuation —** If the Contract Owner dies and the Beneficiary is the Contract Owner's spouse, the Beneficiary may elect to continue the Contract as the Contract Owner, receive the death benefit in one lump sum payment or elect an Annuity Payout Option. If the Contract continues with the spouse as Contract Owner, we will adjust the Contract Value to the amount that we would have paid as the Death Benefit payment, had the spouse elected to receive the Death Benefit as a lump sum payment. Spousal Contract Continuation will only apply one time for each Contract. If you do not name another Beneficiary at the time of continuation, the Beneficiary will default to your estate.

**g. Who will receive the Death Benefit?** 

The distribution of the Death Benefit applies only when death is before the Annuity Commencement Date.

If death occurs on or after the Annuity Commencement Date, there may be no payout at death unless the Owner has elected an Annuity Payout Option that permits the Beneficiary to elect to continue Annuity Payouts, or receive any remaining value such as a cash refund, Benefit Balance, or receive the Commuted Value.

**If death occurs before the Annuity Commencement Date:**

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| | | | |
|:---|:---|:---|:---|
| **If the deceased is the . . .** | **and . . .** | **and . . .** | **then the . . .** |
| Owner | There is a surviving joint Owner | The Annuitant is living or <br>deceased | Joint Owner receives the Death <br>Benefit. |
| Owner | There is no surviving joint<br>Owner | The Annuitant is living or <br>deceased | Beneficiary receives the Death <br>Benefit. |
| Owner | There is no surviving joint <br>Owner and the Beneficiary <br>predeceases the Owner | The Annuitant is living or <br>deceased | Owner's estate receives the<br>Death Benefit. |

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| | | | |
|:---|:---|:---|:---|
| Annuitant | The Owner is living | There is no named Contingent <br>Annuitant | The Owner becomes the Contingent Annuitant and the Contract continues. The Owner may waive this presumption and receive the Death Benefit. |
| Annuitant | The Owner is living | The Contingent Annuitant is living | Contingent Annuitant becomes the Annuitant, and the Contract continues. |

---

**If death occurs on or after the Annuity Commencement Date:**

---

| | | |
|:---|:---|:---|
| **If the deceased is the . . .** | **and . . .** | **then the . . .** |
| Owner | The Annuitant is living | Beneficiary becomes the Owner. |
| Annuitant | The Owner is living | Owner receives the payout at death. |
| Annuitant | The Annuitant is also the Owner | Beneficiary receives the payout at death. |

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**These are the most common scenarios. Some of the Annuity Payout Options may not result in a payout at death.**

**10. Optional Withdrawal Benefits** 

**a. Future5 and Future6** 

The Annuity Commencement Date Deferral Option is not available if you have elected the Future5 or Future6 rider.

**Objective**

The objective of the riders is to provide longevity guaranteed lifetime income (i.e., longevity protection) that may periodically increase based on Market Increases or Deferral Bonuses.

Please keep in mind the following aspects of the riders:

• The riders have investment restrictions. Violation of the investment restrictions may result in termination of the rider.

• Threshold Payments, partial Surrenders above a Lifetime Benefit Payment and transfers to the Personal Pension Account will reduce the rider's benefit, as described below; and

• You may decline a rider charge increase, however, if you do so you will no longer be entitled to Market Increases, Deferral Bonuses and Withdrawal Percentage increases. This declination is irrevocable.

**How do the riders help achieve this goal?**

Each of the riders provide an opportunity to receive withdrawals in the form of either Threshold Payments or Lifetime Benefit Payments until either the first Covered Life (Single Life Option) or last Covered Life (Joint/Spousal Option) dies. Withdrawals taken prior to the relevant Covered Life's Lifetime Income Eligibility Date (age 59½) are called Threshold Payments and withdrawals thereafter are called Lifetime Benefit Payments.

**When can you buy the riders?**

The Future5 and Future6 riders are no longer available for purchase (including adding to existing Contracts). Once elected, you may not switch riders unless part of a company-sponsored exchange program.

**Who are the parties in determining rider benefits?**

The riders are the same in all respects other than as described herein.

We look at the age of contract parties (e.g., Contract Owner, joint Owners, Spouses, Annuitant and/or Beneficiary) when setting rider benefits (such living persons are called a Covered Life and the specific person whose life and age is used to set benefits is called the relevant Covered Life). For instance, when setting your Withdrawal Percentage, the older Covered Life is the relevant Covered Life when selecting the Single Life Option and the younger Covered Life is the relevant Covered Life when selecting the Joint/Spousal Option. We reserve the right to impose designation restrictions such as making sure that your Spouse is a joint Owner when selecting the Joint/Spousal Option.

**Did buying the riders forfeit your ability to buy other riders?**

Yes, buying either rider precluded you from electing the Safety Plus rider and the Daily Lock Income Benefit rider.

If you elected either the Future 5 or Future 6 rider, you were not able to elect Personal Pension Account Transfer Programs Investment Gains or Income Path Options. Please see Section 7.a. Personal Pension Account Transfer Programs.

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**How is the charge for the riders calculated?**

Each rider has a different current charge and maximum rider charge and both are based on your Payment Base. The charge will vary based on whether you elect the rider on a single or joint/spousal basis. We will deduct the rider charge on each Contract Anniversary on a pro-rated basis from each Sub-Account.

We may increase or decrease the rider charge on a prospective basis on each Contract Anniversary up to the maximum described in the Fee Table. **The rider charge may increase irrespective of whether you receive either a Market Increase or a Deferral Bonus**. We will not increase the rider charge by more than 0.50% during any Contract Year. We will provide advance notice of changes to your rider charge. You may decline a rider charge increase, however, if you do so you will no longer be entitled to Market Increases, Deferral Bonuses and Withdrawal Percentage increases. This declination is irrevocable.

If the rider is terminated, or if there is a full Surrender from your Contract, then we will deduct a pro-rated share of the rider charge from your Contract Value based on your Payment Base immediately prior to such termination or full Surrender. We may also reset the rider charge upon Spousal Contract continuation or a Covered Life change.

**Does your benefit base change under the riders?**

Yes. The benefit bases used to set Threshold Payments or Lifetime Benefit Payments (Payment Base) and the Deferral Bonus (Deferral Bonus Base) will fluctuate as described below.

**Payment Base**

Your initial Payment Base is equal to your initial Premium Payment (without deduction of sales charges, if any). It will generally fluctuate based on:

• Market Increases; or

• Deferral Bonuses; and

• Subsequent Premium Payments, partial Surrenders, or transfers to or from the Personal Pension Account.

On each Contract Anniversary until and including the Contract Anniversary immediately following the oldest Covered Life's 90th birthday, the Payment Base will be reset to equal the greater of (i) your Contract Value (prior to the deduction of the rider charge) as of the Contract Anniversary (this event is referred to as a Market Increase), or (ii) your current Payment Base plus any applicable Deferral Bonus (the amount added to your Payment Base during the Deferral Bonus Period if a Market Increase does not occur). You will not receive both a Market Increase and a Deferral Bonus in the same Contract Year.

Please refer to Future5 and Future6 Examples 1-2 in "Appendix B - Examples" for an illustration of ways that your Payment Base may increase based on a Market Increase or Deferral Bonus.

Subsequent Premium Payments increase your Payment Base by the dollar amount of the Premium Payment. Deposits into the Personal Pension Account do not increase your Payment Base.

Partial Surrenders reduce your Payment Base in different ways depending on whether they are taken before or after your Lifetime Income Eligibility Date (age 59½) and whether they exceed the applicable limit (either the Threshold Payment or an annual Lifetime Benefit Payment).

• *Partial Surrenders before the Lifetime Income Eligibility Date.* If cumulative partial Surrenders taken during any Contract Year are equal to, or less than, the Threshold Payment, then the cumulative partial Surrender will reduce the Payment Base on a dollar-for-dollar basis. Alternatively, if cumulative partial Surrenders are greater than the Threshold Payment, then we will reduce the Payment Base on a (i) dollar-for-dollar basis up to the Threshold Payment, and (ii) proportionate basis for the amount in excess of the Threshold Payment. If your Contract Value is less than your Payment Base, reductions on a proportionate basis will be greater than if done on a dollar-for-dollar basis.

• *Partial Surrenders after the Lifetime Income Eligibility Date.* If cumulative partial Surrenders taken during any Contract Year are (i) equal to or less than the Lifetime Benefit Payment, or (ii) exceed the Lifetime Benefit Payment only as a result of enrollment in our AIP to satisfy RMD requirements, then the cumulative partial Surrender will not reduce the Payment Base. Any partial Surrenders that exceed the Lifetime Benefit Payment (provided that the RMD exception above does not apply), will reduce the Payment Base on a proportionate basis for the amount in excess of the Lifetime Benefit Payment. If your Contract Value is less than your Payment Base, reductions on a proportionate basis will be greater than if done on a dollar-for-dollar basis. See Future5 and Future6 Examples 2 and 3 in "Appendix B - Examples" for an illustration of this calculation.

Partial Surrenders taken during any Contract Year that cumulatively exceed the AWA, but do not exceed an annual Threshold Payment or Lifetime Benefit Payment, as the case may be, will be free of any applicable CDSC.

Transfers of Contract Value to the Personal Pension Account will also reduce your Payment Base on a dollar-for-dollar basis if they are less than the Transfer Limit and proportionally for any cumulative transfers above the Transfer Limit. The Future5 and Future6 Transfer Limits will equal your applicable Withdrawal Percentage multiplied by your then current Payment Base. Please see Future5 and Future6 Examples 2 and 3 in Appendix B for an illustration of this calculation.

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The Maximum Anniversary Value V, the Return of Premium V, Maximum Daily Value and Legacy Lock riders each have their own Transfer Limit, which may be a different amount that the Transfer Limit imposed by Future5 or Future6. If there is a conflict, then the Transfer Limit of Future5 or Future6 prevails. Please refer to Future5 and Future6 Examples 2 and 3 in Appendix B for an illustration of partial Surrenders and the Transfer Limit.

Your Payment Base can never be less than $0 or more than $5 million. Any activities that would otherwise increase the Payment Base above this limit will not be included for any benefits under the rider.

Please refer to this rider's section entitled "What happens if you change ownership?" and "Can your Spouse continue your Lifetime Withdrawal Benefit?" for a discussion regarding how your Payment Base can be recalculated following a Covered Life change. Please refer to the section entitled "How is the charge for the rider calculated?" for more information regarding the possible termination of Market Increases, Deferral Bonuses and Withdrawal Percentage increases associated with declining rider charge increases.

Partial Surrenders reduce the potential for step-ups.

**Deferral Bonus Base**

On each Contract Anniversary during the Deferral Bonus Period, we may apply a Deferral Bonus to your Payment Base. You will not receive a Deferral Bonus if your Market Increase is greater than or equal to your Deferral Bonus. The Deferral Bonus will vary depending on the rider version you select. The Deferral Bonus for Future5 is 5%. The Deferral Bonus for Future6 is 6%. The Deferral Bonus will be calculated as a percentage of the Deferral Bonus Base as of the Valuation Day prior to each Contract Anniversary during an effective Deferral Bonus Period. **The Deferral Bonus Period will cease upon the earlier of (i) the tenth Contract Anniversary, (ii) when you take any partial Surrender, or (iii) if a transfer is made to the Personal Pension Account that is in excess of the Future5 and Future6 Transfer Limit.** 

When you elect this rider, your Deferral Bonus Base is equal to your initial Premium Payment (without deduction of sales charges, if any). Thereafter, your Deferral Bonus Base will be reset on each Contract Anniversary to the greater of the Payment Base when a Market Increase occurs, or the Deferral Bonus Base on the Valuation Day prior to each Contract Anniversary during an effective Deferral Bonus Period.

Subsequent Premium Payments or transfers from the Personal Pension Account will increase your Deferral Bonus Base by the dollar amount of the Premium Payment or transfer during the Deferral Bonus Period.

Transfers to the Personal Pension Account during each Contract Year during an effective Deferral Bonus Period that are equal to or less than the Transfer Limit will reduce your Deferral Bonus Base on a dollar-for-dollar basis.

Cumulative transfers to the Personal Pension Account during each Contract Year during an effective Deferral Bonus Period that are greater than the rider Transfer Limit will cause the Deferral Bonus Period to end and the Deferral Bonus Base will permanently be set to zero. Transfers or Surrenders due to a divorce settlement will end the Deferral Bonus Period and the Deferral Bonus Base will be set to zero.

Please refer to Future5 and Future6 Examples 1-2 in "Appendix B - Examples" for an illustration of a Deferral Bonus being applied to increase a Payment Base and when a transfer ends the Deferral Bonus Period.

Your Deferral Bonus Base can never be less than $0 or more than $5 million. Any activities that would otherwise increase the Deferral Bonus Base above this limit will not be included for any benefits under the rider.

Please refer to the section entitled "What happens if you change ownership?" and "Can your Spouse continue your Lifetime Withdrawal Benefit?" for a discussion regarding how your Deferral Bonus Base can be recalculated following a Covered Life change.

**Is either rider designed to pay you withdrawal benefits for your lifetime?**

**Yes. However, withdrawals taken prior to the age 59½ Lifetime Income Eligibility Date (Threshold Payments) are not guaranteed to be available throughout your lifetime. Such withdrawals will reduce (and may even eliminate) the Payment Base otherwise available to establish lifetime benefits.** 

Threshold Payments or Lifetime Benefit Payments are calculated by multiplying your Payment Base by the applicable Withdrawal Percentage. The Withdrawal Percentage varies based on the age of the relevant Covered Life at the time of the first partial Surrender.

The applicable Withdrawal Percentages are as follows:

---

| | |
|:---|:---|
| **Age Band** | **Withdrawal <br>Percentage** |
| <59½ - 64 | 4.0% |
| 65+ | 5.0% |

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If you elect Future5 on or after July 16, 2012, the applicable Withdrawal Percentages are as follows:

---

| | |
|:---|:---|
| **Age Band** | **Withdrawal <br>Percentage** |
| <59½ - 64 | 3.5% |
| 65-84 | 4.5% |
| 85+ | 5.5% |

---

• Except as provided below, the Withdrawal Percentage will be based on the chronological age of the relevant Covered Life at the time of the first partial Surrender. If a partial Surrender HAS NOT been taken, your new Withdrawal Percentage will be effective on the next birthday that brought the relevant Covered Life into a new Withdrawal Percentage age band; or

• If a partial Surrender HAS been taken, the Withdrawal Percentage will be locked at the time of the partial Surrender. Once the relevant Covered Life enters the new age band, the Withdrawal Percentage will unlock at the next Contract Anniversary only if there is a Market Increase. If there is a Deferral Bonus credited and not a Market Increase, the Withdrawal Percentage will remain locked.

**Is either rider designed to pay you Death Benefits?**

No.

**Does either rider replace the standard Death Benefit?**

No.

**Can you revoke the riders?**

No.

**What effect do partial or full Surrenders have on your benefits under the riders?**

Please refer to "Does your benefit base change under the riders?" for the effect of partial Surrenders and transfers to and from the Personal Pension Account. You may make a full Surrender of your entire Contract at any time. However, you will receive your Contract Value with any applicable charges deducted and not your Payment Base, Deferral Bonus Base and any future Threshold Payments or Lifetime Benefit Payments.

Prior to the Annuity Commencement Date, if (A) or (B) below occurs, then the effects described in (X) and (Y) below will take place:

(A) &nbsp;&nbsp;&nbsp;&nbsp;on any Contract Anniversary your Contract Value, due to investment performance, is reduced below an amount equal to the greater of either (i) the Contract minimum rule stated under your Contract or (ii) one of your Lifetime Benefit Payments or such lower amount as we, in our discretion, may establish; or

(B) &nbsp;&nbsp;&nbsp;&nbsp;on any Valuation Day, as a result of a Partial Surrender, your Contract Value is reduced below (x) an amount equal to the greater of the Contract minimum rule stated under your Contract or (y) one of your Lifetime Benefit Payments or such lower amount as we, in our discretion, may establish, then:

&nbsp;&nbsp;&nbsp;&nbsp;(X) You must transfer your remaining Contract Value to an asset allocation model(s), investment program(s), Sub-Account(s), fund of funds Sub-Account(s), or other investment option(s) approved by us for purposes of the rider Minimum Amount Rule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)One of the approved investment options, as described above, must be elected within 10 days from the date the minimum amount was reached.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)If we do not receive your election within the above stated time frame, you will be deemed to have irrevocably authorized us to move your remaining Contract Value into the Money Market Sub-account, or other investment option(s) approved by us.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)If you choose not to participate in one of the approved investment options, then we will automatically liquidate your remaining Contract Value. Any applicable CDSC will be assessed and the Contract will be fully terminated.&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(Y) Once the Contract Value is transferred to an approved investment option, the following rules will apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)You will receive your then current Lifetime Benefit Payment, which will be equal to your Lifetime Benefit Payment at the time your Contract Value reduces below the rider Minimum Amount Rule, at the frequency that you select. The frequencies will be among those offered by us at that time but will be no less frequently than annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)Ongoing Lifetime Benefit Payments will no longer reduce Your Contract Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)We will no longer accept subsequent Premium Payments or transfer(s) from other Sub-Account(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)We will waive the Annual Maintenance Fee and Rider Charge on your Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e)Market increases and Deferral Bonuses, if applicable, on each Contract Anniversary will no longer apply.

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If cumulative partial Surrenders within a Contract Year are requested in excess of the Lifetime Benefit Payment, then we will automatically liquidate your remaining Contract Value. Any applicable CDSC will be assessed and the Contract will be terminated.

**What happens if you change ownership?**

Inasmuch as the riders are affected only by changes to the relevant Covered Life, only these types of changes are discussed below. We reserve the right to approve all Covered Life changes. Certain approved changes in the designation of a Covered Life may cause a recalculation of the rider benefits. Covered Life changes also allow us, in our discretion, to impose then prevailing investment restrictions, as described below.

Any Covered Life change made within the first six months from the Contract Issue date will have no impact on the Payment Base or Deferral Bonus Base as long as each succeeding Covered Life is younger than the maximum age limitation of the rider at the time of the change. The Withdrawal Percentage, Lifetime Benefit Payment, and Threshold Payment, as applicable, will thereafter change based on the age of the new relevant Covered Life.

*Single Life Option:*

Because we no longer offer the rider, any Covered Life changes after the first six months from Contract Issue date will result in a revocation of the rider. The charge for the rider then in effect will be assessed on the revocation date and will no longer be assessed thereafter.

*Joint/Spousal Option:*

After the first six months from the Contract issue date, if partial Surrenders have not yet been taken and you and your Spouse become legally divorced, you may add a new Spouse to the Contract provided that the age limitation of the rider is not exceeded, the Payment Base and Deferral Bonus Base will remain the same. We will then recalculate your Withdrawal Percentage, Lifetime Benefit Payment, Threshold Payment and Transfer Limit based on the age of the younger Covered Life as of the date of the change. The charge for the rider will remain the same.

Alternatively, if after the first six months from the Contract issue date, if partial Surrenders have been taken or a transfer to the Personal Pension Account has been made, and you and your Spouse become legally divorced, you may only remove your ex-Spouse from the Contract and the Payment Base and Deferral Bonus Base will remain the same. We will then recalculate your Withdrawal Percentage, Lifetime Benefit Payment, Threshold Payment and Transfer Limit based on the age of the remaining Covered Life as of the date of the change. These recalculations will continue to be based on the Joint/Spousal Option. You may not convert your Joint/Spousal Option election to a Single Life Option. The charge for the rider will remain the same.

If after the first six months following the Contract issue date, if any Covered Life change takes place that is not due to a divorce, then we will revoke the rider.

**Can your Spouse continue your Lifetime Withdrawal Benefit?**

*Single Life Option:* 

Because we are no longer offering such rider, at the time of Spousal Contract continuation we will revoke the rider and the rider charge will no longer be assessed.

*Joint/Spousal Option:*

Either rider is designed to facilitate the continuation of your rights by your Spouse through the inclusion of a Joint/Spousal Option. If a Covered Life dies and the Contract and the rider are continued as described below, the rider will continue with respect to all benefits at the then current rider charge. The benefits will be reset as follows:

• The Payment Base will be equal to the greater of Contract Value or the Payment Base on the Spousal Contract continuation date;

• The Deferral Bonus Base will be equal to the greater of Contract Value or the Deferral Bonus Base on the Spousal Contract continuation date;

• The Deferral Bonus Period, if applicable, will not reset; the Deferral Bonus Period will continue uninterrupted;

• The Lifetime Benefit Payment, Threshold Payment, and Transfer Limit will be recalculated; and

• The Withdrawal Percentage will remain at the current percentage if partial Surrenders have commenced; otherwise the Withdrawal Percentage will be based on the attained age of the remaining Covered Life on the Spousal Contract continuation date.

The remaining Covered Life cannot name a new Owner on the Contract. Any new Beneficiary that is added to the Contract will not be taken into consideration as a Covered Life. Either rider will terminate upon the death of the remaining Covered Life.

**What happens if you annuitize your Contract?**

If you elect to annuitize your Contract prior to reaching the Annuity Commencement Date, you may only annuitize your Contract Value, not your Payment Base. If your Contract reaches the Annuity Commencement Date, the Contract must be

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annuitized. In this case, the Contract may be annuitized under our standard annuitization rules or the payment of the Lifetime Benefit Payment or Threshold Payment, as the case may be, may continue under a Life Annuity Payout Option.

Annuity Payout Options under this rider:

*Single Life Option:*

If you have elected the Single Life Option, you may choose a Life Annuity (Annuity Payout Option One). The lifetime portion will be based on the relevant Covered Life determined at the Annuity Commencement Date. We treat the Covered Life as the Annuitant for this payout option. If there is more than one Covered Life, then the lifetime portion will be based on both Covered Lives. The Covered Lives will be the Annuitant and joint Annuitant for this payout option. The lifetime portion will terminate on the first death of the two.

If the older Annuitant is younger than age 59½, we will automatically defer the date the payments begin until the anniversary after the older Annuitant attains age 59½ and is eligible to receive payments in a fixed dollar amount until the death of any Annuitant.

If the older Annuitant is age 59½ or older, you will receive payments in a fixed dollar amount until the death of any Annuitant.

*Joint/Spousal Option:*

If you have elected the Joint/Spousal Option and both Spouses are alive, you may choose a Joint and Last Survivor Life Annuity (Annuity Payout Option Four). The lifetime portion will be based on the surviving Covered Life. The Covered Lives will be the Annuitant and Joint Annuitant for this payout option. The lifetime benefit will terminate on the last death of the two. If only one Spouse is alive, we will issue a Life Annuity (Annuity Payout Option One) based on the surviving relevant Covered Life.

If the younger Annuitant younger than age 59½, we will automatically defer the date that payments begin until the anniversary after the younger Annuitant attains age 59½ and is eligible to receive payments in a fixed dollar amount until the death of the last surviving Annuitant.

If the younger Annuitant is age 59½ or older, you will receive payments in a fixed dollar amount until the death of the last surviving Annuitant.

**Are there restrictions on how you must invest?**

Yes. You must invest your Contract Value (including future investments) within an approved asset allocation model(s), Fund(s), and other investment program(s) approved and designated by us that correspond with the rider version chosen. As of the date of this prospectus, if you elect Future5, you must invest in the Portfolio Planner or Investment Strategies Asset Allocation Models or approved Funds listed in Appendix A. These models will be rebalanced quarterly. If you elect Future6, you must invest in the Personal Protection Portfolio asset allocation models listed in Appendix A. The Personal Protection Portfolio models are rebalanced monthly.

We may modify, add, delete, or substitute (to the extent permitted by applicable law), the asset allocation models, investment programs, Funds, portfolio rebalancing requirements, and other investment requirements and restrictions that apply while either rider is in effect. For instance, we might amend these asset allocation models if a Fund (i) merges into another fund, (ii) changes investment objectives, (iii) closes to further investments and/or (iv) fails to meet acceptable risk parameters. These changes will not be applied with respect to then existing investments. We will give you advance notice of these changes. Please refer to "Other Program considerations" under the section entitled "What other ways can you invest?" in Section 7.a for more information regarding the potential impact of Fund mergers and liquidations with respect to then existing investments within an asset allocation model.

**Except as provided below, failure to comply with the investment requirement or restriction will result in termination of the rider. If the rider is terminated by us, for violation of applicable investment requirements or restrictions, we will assess a pro-rated share of the rider charge and will no longer assess a rider charge thereafter. Termination of the rider will not terminate any concurrent guaranteed minimum death benefit rider. In the event of a conflict between the investment requirements and restrictions of this rider and those imposed by any other guaranteed minimum death benefit rider, the investment requirements and restrictions of this rider shall prevail.** 

If the rider is terminated by us due to a failure to comply with these investment restrictions, you will have one opportunity to reinstate the rider by reallocating your Contract Value in accordance with then prevailing investment restrictions. You will have a fifteen day reinstatement period to do this. The reinstatement period will begin upon termination of the rider. Your right to reinstate the rider will be terminated if during the reinstatement period you make a subsequent Premium Payment, take a partial Surrender, transfer Contract Value into the Personal Pension Account or make a Covered Life change. Upon reinstatement, your Payment Base will be reset at the lower of the Payment Base prior to the termination or Contract Value as of the date of reinstatement. Your Withdrawal Percentage will be reset to equal the Withdrawal Percentage prior to termination unless during the reinstatement period the relevant Covered Life qualifies for a new age band.

Upon reinstatement, your Deferral Bonus Base will be reset at the lower of the Deferral Bonus Base prior to the termination or Contract Value as of the date of reinstatement and the Deferral Bonus Period, if applicable, will continue uninterrupted.

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We may require that you comply with then prevailing investment restrictions upon Spousal Contract continuation or permissible Covered Life changes. Investment in any asset allocation model could mitigate losses but also hamper potential gains. The asset allocation models that you must invest in under either rider provide very different potential risk/reward characteristics. We are not responsible for lost investment opportunities associated with the implementation and enforcement of these investment requirements and restrictions. Investment restrictions may reduce the overall volatility in investment performance. Such reduced volatility may reduce the returns on investments and mitigate our guarantee obligations under the Contract.

Both rider versions require that you invest in asset allocation models. However, we are able to offer certain attributes associated with the Future6 rider, such as a higher Deferral Bonus and lower rider charges, based on our assumptions that the Personal Protection Portfolios, and particularly, the requirement to maintain 50% of your Contract Value in the BlackRock Managed Volatility V.I. Fund within these models, or 100% in the BlackRock Managed Volatility V.I. Fund, may reduce overall Contract Value volatility and mitigate our guarantee obligations by potentially reducing investment returns that you might have received during favorable market conditions.

The BlackRock Managed Volatility V.I. Fund does not seek to manage volatility based on Contract Owners' allocations to the other Funds within the Personal Protection Portfolios. Instead, the BlackRock Managed Volatility V.I. Fund utilizes a volatility control process that is independent of Contract Owners allocations of Contract Value. The BlackRock Managed Volatility V.I. Fund may reduce investment returns that you might receive during favorable market conditions and may mitigate our guarantee obligations under the Contracts. In addition, the BlackRock Managed Volatility V.I. Fund may fail to achieve its investment objective, which includes managing volatility.

If you desire your Contract Value to be subject to less volatility than the Personal Protection Portfolios asset allocation models, a 100% allocation to the BlackRock Managed Volatility V.I. Fund may be more appropriate for you. You should consult with your investment professional about which investment options are best for you. Some factors you may consider and discuss with your investment professional when reviewing the updated Personal Protection Portfolios and the BlackRock Managed Volatility V.I. Fund are: your investment time horizon and risk appetite, the importance of protecting your Contract Values from volatility, the impact that managed volatility may have on your investment returns during favorable market conditions, and the likelihood that you will utilize or realize your rider benefits.

**Are there restrictions on the amount of subsequent Premium Payments?**

Yes. We require prior approval of subsequent Premium Payments after the first Contract Anniversary after the rider effective date. In addition, we will not accept any subsequent Premium Payments in excess of $100,000 in the aggregate while the rider is in effect without our prior approval. This restriction is not currently enforced. Following your Annuity Commencement Date, we will no longer accept subsequent Premium Payments.

**Can we aggregate Contracts?**

Yes. For purposes of determining the Payment Base, Deferral Bonus Base and Premium Payment limits, we reserve the right to treat as one all deferred variable annuity Contracts issued by us when you have elected any similar optional withdrawal benefit rider. We will not aggregate Contracts with dissimilar optional riders such as a Contract with an optional guaranteed minimum accumulation benefit such as Safety Plus with a contract with a guaranteed lifetime withdrawal benefit such as Future5, Future6, or Daily Lock Income Benefit. If we elect to aggregate Contracts, we will reset Lifetime Benefit Payments, partial Surrenders and Transfer Limits across aggregated Contracts. We will also reset the date we set these values to operate on a Calendar Year anniversary basis (i.e., January 1 Contract Anniversary) in lieu of multiple Contract Anniversaries.

**Other information**

The riders may not be appropriate for all investors. Several factors, among others, should be considered:

• Please see the Optional Rider Comparison chart in Appendix C for a summary of the differences between all optional riders.

• Your required participation in the Personal Protection Portfolio models end when the Future6 rider terminates. You must provide us with re-allocation instructions at that time. We will contact you and your Financial Intermediary in writing and/or via telephone to seek instructions to re-allocate your Contract Value outside of the Personal Protection Portfolio and BlackRock Managed Volatility V.I. Fund. You may independently invest in the BlackRock Managed Volatility V.I. Fund if you have Future6.

• If you also invest in the Personal Pension Account, transfers to the Personal Pension Account in excess of the Transfer Limit will end the Deferral Bonus Period and the Deferral Bonus Base will be zero.

• The benefits under either rider cannot be directly or indirectly assigned, collateralized, pledged or securitized in any way. Any such actions will invalidate the rider and allow us to terminate the rider.

• The FAF is not available if you have elected Future6.

• Annuitizing your Contract, whether voluntary or not, will impact and possibly eliminate these benefits.

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• Even though either rider is designed to provide living benefits, you should not assume that you will necessarily receive payments for life if you have violated any of the terms of either rider or if you commence taking Threshold Payments prior to your Lifetime Income Eligibility Date. Withdrawals taken prior to the Lifetime Income Eligibility Date (Threshold Payments) are not guaranteed to be available throughout your lifetime. Such withdrawals will reduce (and may even eliminate) the Payment Base otherwise available to establish lifetime benefits.

• The determination of the relevant Covered Life is established by us and is critical to the determination of many important benefits such as the Withdrawal Percentage used to set Lifetime Benefit Payments and the Transfer Limit.

• We may withdraw either rider for new Contract sales at any time.

• Because we no longer offer the riders, when the Single Life Option is chosen, the Spouse will not be able to continue either rider after the death of the Contract Owner. Continuation of the benefits is available only in the Joint/Spousal Option.

• Annuity payout options available subsequent to the Annuity Commencement Date may not necessarily provide a stream of income for your lifetime and may be less than Lifetime Benefit Payments.

• The fee for either rider may change at every Contract Anniversary. Please carefully review the maximum fee disclosed in Section 4. Fee Table.

• **If you are enrolled in an AIP it is important for you to monitor the amount you may withdraw (Lifetime Benefit Payment) and compare it to the amount you are scheduled to take in the upcoming Contract Year. It may be necessary to adjust your AIP payout each year. We do not automatically adjust payments under the AIP if your Lifetime Benefit Payment changes. We will not individually notify you of this privilege.** 

• The purchase of these riders may not be appropriate for custodial owned Contracts, Beneficiary or inherited IRAs or Contracts owned by certain types of non-natural entities, including Charitable Trusts. Because these types of owners and many non-natural entities may be required to make certain periodic distributions and those amounts may be different than the withdrawal limits permitted under the rider, you should discuss this with your tax advisor or investment professional to determine the appropriateness of this benefit. We are not responsible for violations to riders due to your obligation to comply with RMD obligations.

• Future6 is referred to as Guaranteed Minimum Withdrawal Benefit Plus in your Contract. Future5 is referred to as Guaranteed Minimum Withdrawal Benefit in your Contract.

• **Any payment obligation we make under the Contract, including optional withdrawal benefit payments, is subject to our financial strength and claims-paying ability and our long-term ability to make such payments.** 

**b. Daily Lock Income Benefit** 

The Annuity Commencement Date Deferral Option is not available if you have elected Daily Lock Income Benefit rider.

**Objective**

The objective of the rider is to provide guaranteed life income (i.e., longevity protection) in the form of lifetime payments that may periodically increase based on the daily performance of your Contract or Deferral Bonuses.

Please keep in mind the following aspects of the rider:

• The rider has investment restrictions. Violation of the investment restrictions may result in termination of the rider.

• Threshold Payments, partial Surrenders above a Lifetime Benefit Payment and transfers to the Personal Pension Account will reduce the rider's benefit, as described below.

• You may decline a rider charge increase, however, if you do so you will no longer be entitled to Market Increases, Deferral Bonuses and Withdrawal Percentage increases, This declination is irrevocable.

**How does the rider help achieve this goal?**

The rider provides an opportunity to receive withdrawals in the form of either Threshold Payments prior to the Lifetime Income Eligibility Date or Lifetime Benefit Payments until either the first Covered Life (Single Life Option) or last Covered Life (Joint/Spousal Option) dies. Withdrawals taken prior to the relevant Covered Life's Lifetime Income Eligibility Date (age 59½) are called Threshold Payments and withdrawals thereafter are called Lifetime Benefit Payments.

**When can you buy the rider?**

The Daily Lock Income Benefit rider is no longer available for purchase (including adding it to existing Contracts).

**Did buying the rider forfeit your ability to buy other riders or use any programs?**

Yes, buying the rider precludes you from electing the Safety Plus, Future5 and Future6 riders.

If you elected the rider, you are not able to elect Personal Pension Account Transfer Programs Investment Gains, Income Path Options or the DCA Interest/Earnings Program. Please see Section 7.a. Personal Pension Account Transfer Programs.

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**How is the charge for the rider calculated?**

The rider has a current charge and maximum rider charge and both are based on your Payment Base. The charge will vary based on whether you elect the rider on a Single or Joint/spousal basis. We will deduct the rider charge on each Contract Anniversary on a prorated basis from each Sub-Account.

We may increase or decrease the rider charge on a prospective basis on each Contract Anniversary up to the maximum described in the Fee Table. **The rider charge may increase irrespective of whether you receive either a Market Increase or a Deferral Bonus**. We will not increase the rider charge by more than 0.50% during any Contract Year. We will provide advance notice of changes to your rider charge. You may decline a rider charge increase, in which event you will no longer be entitled to Market Increases, Deferral Bonuses and Withdrawal Percentage increases. This declination is irrevocable.

If the rider is terminated, or if there is a full Surrender from your Contract, then we will deduct a pro-rated share of the rider charge from your Contract Value based on your Payment Base immediately prior to such termination, or full Surrender. We may also reset the rider charge upon Spousal Contract continuation or a Covered Life change.

**Does your benefit base change under the rider?**

Yes. The benefit bases used to set Threshold Payments or Lifetime Benefit Payments (Payment Base) and the Deferral Bonus (Deferral Bonus Base) will fluctuate as described below.

**Payment Base**

Your initial Payment Base and Anniversary Payment Base are equal to your initial Premium Payment (without deduction of sales charges, if any). Your Payment Base will fluctuate based on Market Increases, Deferral Bonuses, or subsequent Premium Payments, partial Surrenders, or transfers to or from the Personal Pension Account.

**If you are electing this rider after your Contract has been issued, the Payment Base will be based on the Contract Value on the date the rider is effective. This may be less than your initial Premium Payment or Contract Value on any day prior to your rider effective date.** 

On each Valuation Day other than your Contract Anniversary, the Payment Base will be reset to equal the greater of Contract Value as of that day or the Payment Base as of the prior Valuation Day (this event is referred to as your Market Increase). On your Contract Anniversary, the Payment Base will be reset to equal the greatest of A, B, or C where:

A =&nbsp;&nbsp;&nbsp;&nbsp;Payment Base as of the prior Valuation Day

B =&nbsp;&nbsp;&nbsp;&nbsp;Contract Value prior to the deduction of the rider charge (minus any Premium Based Charge, if applicable)

C =&nbsp;&nbsp;&nbsp;&nbsp;Anniversary Payment Base as of the prior Valuation Day plus any applicable Deferral Bonus during the Deferral Bonus Period.

Your Anniversary Payment Base may be reset each Contract Anniversary to equal the greater of the Payment Base or the Anniversary Payment Base as of the prior Valuation Day. The Anniversary Payment Base includes any applicable Deferral Bonus (the amount added to your Payment Base during the Deferral Bonus Period if a Market Increase does not occur). We reserve the right to impose a daily Payment Base Cap. We do not currently enforce a daily Payment Base Cap. Your Payment Base and Anniversary Payment Base will not be adjusted to reflect any Market Increases on or after any Owner's or the Covered Life's 90th birthday.

Please refer to Daily Lock Income Benefit Examples 1 and 2 in "Appendix B - Examples" for an illustration of ways that your Payment Base may increase based on a Market Increase or Deferral Bonus.

Subsequent Premium Payments increase your Payment Base, Anniversary Payment Base and Contract Value by the dollar amount of that Premium Payment. Deposits into the Personal Pension Account do not increase your Payment Base.

Partial Surrenders reduce your Payment Base and Anniversary Payment Base in different ways depending on whether they are taken before or after your Lifetime Income Eligibility Date and whether they exceed the applicable limit (either the Threshold Payment or an annual Lifetime Benefit Payment).

• *Partial Surrenders prior to the Lifetime Income Eligibility Date*. If cumulative partial Surrenders taken during any Contract Year are equal to, or less than, the Threshold Payment, then the cumulative partial Surrender will reduce the Payment Base and Anniversary Payment Base on a dollar-for-dollar basis. Alternatively, if cumulative partial Surrenders are greater than the Threshold Payment, then we will reduce the Payment Base and Anniversary Payment Base on a (i) dollar-for-dollar basis up to the Threshold Payment, and (ii) proportionate basis for the amount in excess of the Threshold Payment. If your Contract Value is less than your Payment Base and Anniversary Payment Base, reductions on a proportionate basis will be greater than if done on a dollar-for-dollar basis.

• *Partial Surrenders after the Lifetime Income Eligibility Date.* If cumulative partial Surrenders taken during any Contract Year are (i) equal to or less than the Lifetime Benefit Payment, or (ii) exceed the Lifetime Benefit Payment only as a result of enrollment in our AIP to satisfy RMD requirements, then the cumulative partial Surrenders will not reduce the Payment Base or Anniversary Payment Base. Any partial Surrenders that exceed the Lifetime Benefit Payment (provided that the RMD exception above does not apply), will reduce the Payment Base and Anniversary Payment Base

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on a proportionate basis for the amount in excess of the Lifetime Benefit Payment. If your Contract Value is less than your Payment Base, reductions on a proportionate basis will be greater than if done on a dollar-for-dollar basis. See Daily Lock Income Benefit Examples 3 and 4 in "Appendix B - Examples" for an illustration of this calculation.

Partial Surrenders taken during any Contract Year that cumulatively exceed the AWA, but do not exceed an annual Threshold Payment or Lifetime Benefit Payment, as the case may be, will be free of any applicable CDSC.

Transfers of Contract Value to the Personal Pension Account will also reduce your Payment Base on a dollar-for-dollar basis if they are less than the Transfer Limit and proportionally for any cumulative transfers above the Transfer Limit. The Daily Lock Income Benefit Transfer Limit will equal your applicable Withdrawal Percentage multiplied by your then current Payment Base. Please see Daily Lock Income Benefit Examples 3 and 4 in Appendix B for an illustration of this calculation.

The Maximum Anniversary Value V, Return of Premium V, Maximum Daily Value and Legacy Lock riders each have their own Transfer Limit, which may be a different amount that the Transfer Limit imposed by Daily Lock Income Benefit. If there is a conflict, then the Transfer Limit of Daily Lock Income Benefit prevails. Please refer to Daily Lock Income Benefit Examples 3 and 4 in Appendix B for an illustration of partial Surrenders and the Transfer Limit.

Your Payment Base can never be less than $0 or more than $5 million. Any activities that would otherwise increase the Payment Base above this limit will not be included for any benefits under the rider.

Please refer to this rider's section entitled "What happens if you change ownership?" and "Can your Spouse continue your Lifetime Withdrawal Benefit?" for a discussion regarding how your Payment Base can be recalculated following a Covered Life change. Please refer to the section entitled "How is the charge for the rider calculated?" for more information regarding the possible termination of Market Increases, Deferral Bonuses and Withdrawal Percentage increases associated with declining rider charge increases.

Partial Surrenders reduce the potential for step-ups.

**Deferral Bonus Base**

If you elect this rider when the Contract is issued, your Deferral Bonus Base is equal to your initial Premium Payment and any subsequent Premium Payments made during your first Contract Year (without deduction of sales charges, if any). Thereafter, your Deferral Bonus Base will be reset on each Contract Anniversary to the greater of the Payment Base when a Market Increase occurs, or the Deferral Bonus Base on the Valuation Day prior to each Contract Anniversary during an effective Deferral Bonus Period.

On each Contract Anniversary during the Deferral Bonus Period, we may apply a Deferral Bonus to your Payment Base. You will not receive a Deferral Bonus if your Market Increase (as of the date of your Contract Anniversary) is greater than or equal to your Deferral Bonus Base multiplied by the Deferral Bonus. The Deferral Bonus for Daily Lock Income Benefit is 6%. The Deferral Bonus will be calculated as a percentage of the Deferral Bonus Base as of the Valuation Day prior to each Contract Anniversary during an effective Deferral Bonus Period.

**If you are electing this rider after your Contract has been issued the Deferral Bonus Base is equal to your Contract Value on the date the rider is effective. Contract Value and Premium Payments prior to the election of the rider (as well as those values that would have been used to set the Deferral Bonus Base had this rider been elected upon Contract issuance), will be disregarded.** 

**The Deferral Bonus Period will cease upon the earlier of (i) the tenth Contract Anniversary following the rider effective date, (ii) when you take any partial Surrender, or (iii) if a transfer is made to the Personal Pension Account that is in excess of the Daily Lock Income Benefit Transfer Limit.** 

During the Deferral Bonus Period, subsequent Premium Payments or transfers from the Personal Pension Account will increase your Deferral Bonus Base by the dollar amount of the Premium Payment or transfer.

Transfers to the Personal Pension Account during each Contract Year during an effective Deferral Bonus Period that are equal to or less than the Transfer Limit will reduce your Deferral Bonus Base on a dollar-for-dollar basis. Cumulative transfers to the Personal Pension Account during each Contract Year during an effective Deferral Bonus Period that are greater than the rider Transfer Limit will cause the Deferral Bonus Period to end and the Deferral Bonus Base will permanently be set to zero. Transfers or Surrenders due to a divorce settlement will end the Deferral Bonus Period and the Deferral Bonus Base will be set to zero.

Please refer to Daily Lock Income Benefit Examples 3 and 4 in "Appendix B - Examples" for an illustration of a Deferral Bonus being applied to increase a Payment Base and when a transfer ends the Deferral Bonus Period.

Your Deferral Bonus Base can never be less than $0 or more than $5 million. Any activities that would otherwise increase the Deferral Bonus Base above this limit will not be included for any benefits under the rider.

Please refer to the section entitled "What happens if you change ownership?" and "Can your Spouse continue your Lifetime Withdrawal Benefit?" for a discussion regarding how your Deferral Bonus Base can be recalculated following a Covered Life change.

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**Is the rider designed to pay you withdrawal benefits for your lifetime?**

**Yes. However, withdrawals taken prior to the Lifetime Income Eligibility Date (Threshold Payments) are not guaranteed to be available throughout your lifetime. Such withdrawals will reduce (and may even eliminate) the Payment Base otherwise available to establish lifetime benefits.** 

Threshold Payments or Lifetime Benefit Payments are calculated by multiplying your Payment Base by the applicable Withdrawal Percentage. The Withdrawal Percentage varies based on the age of the relevant Covered Life and whether or not you've taken your first partial Surrender.

Prior to your first Partial Surrender, your Lifetime Benefit Payment is set daily and is equal to your applicable Withdrawal Percentage multiplied by your then current Payment Base. Thereafter, your Lifetime Benefit Payment and your Transfer Limit may reset on any of the following events:

a) Contract Anniversary;

b) Market Increase on or after a birthday when the Covered Life has attained an age that results in a new age band;

c) A subsequent Premium Payment;

d) A Transfer to or from the Personal Pension Account;

e) A partial Surrender that exceeds the Lifetime Benefit Payment; or

f) A change in the Annuitant or Spousal Continuation.

The applicable Withdrawal Percentages are as follows:

---

| | |
|:---|:---|
| **Age Band** | **Withdrawal <br>Percentage** |
| <59½ - 64 | 4.0% |
| 65-84 | 5.0% |
| 85+ | 6.0% |

---

• • Except as provided below, the Withdrawal Percentage will be based on the chronological age of the relevant Covered Life at the time of the first partial Surrender. If a partial Surrender HAS NOT been taken, your new Withdrawal Percentage will be effective on the next birthday that brought the relevant Covered Life into a new Withdrawal Percentage age band; or

• If a partial Surrender HAS been taken, the Withdrawal Percentage will be locked at the time of the partial Surrender. Once the relevant Covered Life enters the new age band, the Withdrawal Percentage will unlock at the next Contract Anniversary only if there has been any Market Increase. If there is a Deferral Bonus credited and not a Market Increase, the Withdrawal Percentage will remain locked.

**Is the rider designed to pay you Death Benefits?**

No.

**Does the rider replace the standard Death Benefit?**

No.

**Can you revoke the rider?**

No.

**What effect do partial or full Surrenders have on your benefits under the rider?**

Please refer to "Does your benefit base change under the rider?" for the effect of partial Surrenders and transfers to and from the Personal Pension Account. You may make a full Surrender of your entire Contract at any time. However, you will receive your Contract Value with any applicable charges deducted and not your Payment Base, Deferral Bonus Base and any future Threshold Payments or Lifetime Benefit Payments.

Prior to the Annuity Commencement Date, if (A) or (B) below occurs, then the effects described in (X) and (Y) below will take place:

(A) &nbsp;&nbsp;&nbsp;&nbsp;on any Contract Anniversary your Contract Value, due to investment performance, is reduced below an amount equal to the greater of either (i) the Contract minimum rule stated under your Contract or (ii) one of your Lifetime Benefit Payments or such lower amount as we, in our discretion, may establish; or

(B) &nbsp;&nbsp;&nbsp;&nbsp;on any Valuation Day, as a result of a Partial Surrender, your Contract Value is reduced below (x) an amount equal to the greater of the Contract minimum rule stated under your Contract or (y) one of your Lifetime Benefit Payments or such lower amount as we, in our discretion, may establish, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X. You must transfer your remaining Contract Value to an asset allocation model(s), investment program(s), Sub-Account(s), fund of funds Sub-Account(s), or other investment option(s) approved by us for purposes of the rider Minimum Amount Rule.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)One of the approved investment options, as described above, must be elected within 10 days from the date the minimum amount was reached.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)If we do not receive your election within the above stated time frame, you will be deemed to have irrevocably authorized us to move your remaining Contract Value into the Money Market Sub-account, or other investment option(s) approved by us.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)If you choose not to participate in one of the approved investment options, then we will automatically liquidate your remaining Contract Value. Any applicable CDCS will be assessed and the Contract will be fully terminated. &nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Y. Once the Contract Value is transferred to an approved investment option, the following rules will apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)You will receive your then current Lifetime Benefit Payment, which will be equal to your Lifetime Benefit Payment at the time your Contract Value reduces below the rider Minimum Amount Rule, at the frequency that you select. The frequencies will be among those offered by us at that time but will be no less frequently than annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)Ongoing Lifetime Benefit Payments will no longer reduce Your Contract Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)We will no longer accept subsequent Premium Payments or Transfer(s) from Other Account(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d)We will waive the Annual Maintenance Fee and Rider Charge on your Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e)Market Increases and Deferral Bonuses, if applicable, on each Contract Anniversary will no longer apply.

If cumulative partial Surrenders within a Contract Year are requested in excess of the Lifetime Benefit Payment, then we will automatically liquidate your remaining Contract Value. Any applicable CDCS will be assessed and the Contract will be terminated.

**What happens if you change ownership?**

Inasmuch as the rider is affected only by changes to the Covered Life, only those changes are discussed below. Generally, the Covered Life cannot be changed.

*Single Life Option*:

Because we no longer offer the rider, any Covered Life changes after the first six months from Contract Issue date will result in a revocation of the rider.

The rider charge will be assessed on the termination date, and will no longer be assessed thereafter.

*Joint/Spousal Option*:

You may only name the Covered Life's Spouse as Contingent Annuitant. If the Covered Life's Spouse assumes the role of the Covered Life as the result of being the Contingent Annuitant at the time of the Covered Life's death, the benefits of this rider will continue uninterrupted until the death of the surviving Spouse.

We reserve the right to allow a one-time Covered Life changes in the event of a divorce between the Covered Life and the Covered Life's Spouse, provided that no Owner or Covered Life is older than 80. In such case, the following rules apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)If partial Surrender(s) have not been made, you may remove the former Spouse as an Annuitant, and replace such Spouse with the new Spouse, if applicable. Upon making this change, the Covered Life will be reset as of the date of such change, and there will be no impact to the Payment Base and Deferral Bonus Base. The Withdrawal Percentage will be based on the youngest Covered Life.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)If partial Surrender(s) have been made, then you may remove the former Spouse as an Annuitant. Upon making this change, the Covered Life will be reset as of the date of such change, and there will be no impact to the Payment Base and Deferral Bonus Base. The Withdrawal Percentage will be based on the remaining Annuitant. Rider benefits and the Transfer Limit, if applicable will be recalculated as of the date of the Covered Life change. You will not be permitted to replace the removed Spouse with a new Spouse. The rider will terminate upon the death of the remaining Covered Life.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)The rider charge will not be affected by a change to the Covered Life if you have elected the Joint/Spousal Option.

If after the first six months following the Contract Issue date, if any Covered Life change takes place that is not due to a divorce, then we will revoke the rider.

**Can your Spouse continue your Lifetime Withdrawal Benefit?**

*Single Life Option:*

Because we are no longer offering such rider at the time of Spousal Contract continuation, we will revoke the rider and the rider charge will no longer be assessed.

*Joint/Spousal Option:*

The rider is designed to facilitate the continuation of your rights by your Spouse through the inclusion of a Joint/Spousal Option. If a Covered Life dies and the Contract and the rider are continued as described below, the rider will continue with respect to all benefits at the then current rider charge. The benefits will be reset as follows:

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• The Payment Base will be equal to the greater of Contract Value or the Payment Base on the Spousal Contract continuation date;

• The Anniversary Payment Base will be equal to the greater of Contract Value or the Anniversary Payment Base on the Spousal Contract continuation date;

• The Deferral Bonus Base will be equal to the greater of Contract Value or the Deferral Bonus Base on the Spousal Contract continuation date;

• The Deferral Bonus Period, if applicable, will not reset; the Deferral Bonus Period will continue uninterrupted;

• The Lifetime Benefit Payment, Threshold Payment, and Transfer Limit will be recalculated; and

• The Withdrawal Percentage will remain at the current percentage if partial Surrenders have commenced; otherwise the Withdrawal Percentage will be based on the attained age of the remaining Covered Life on the Spousal Contract continuation date.

The remaining Covered Life cannot name a new Owner on the Contract. Any new Beneficiary that is added to the Contract will not be taken into consideration as a Covered Life. The rider will terminate upon the death of the remaining Covered Life.

**What happens if you annuitize your Contract?**

If you elect to annuitize your Contract prior to reaching the Annuity Commencement Date, you may only annuitize your Contract Value, not your Payment Base. If your Contract reaches the Annuity Commencement Date, the Contract must be annuitized. In this case, the Contract may be annuitized under our standard annuitization rules or the payment of the Lifetime Benefit Payment may continue under a Life Annuity Option.

Annuity Payout Options under this rider:

*Single Life Option:*

If you have elected the Single Life Option, you may choose a Life Annuity (Annuity Payout Option One). The lifetime portion will be based on the relevant Covered Life determined at the Annuity Commencement Date. We treat the Covered Life as the Annuitant for this payout option. If there is more than one Covered Life, then the lifetime portion will be based on both Covered Lives. The Covered Lives will be the Annuitant and joint Annuitant for this payout option. The lifetime portion will terminate on the first death of the two.

If the older Annuitant is younger than age 59½, we will automatically defer the date the payments begin until the anniversary after the older Annuitant attains age 59½ and is eligible to receive payments in a fixed dollar amount until the death of any Annuitant or a period certain.

If the older Annuitant is age 59½ or older, you will receive payments in a fixed dollar amount until the death of any Annuitant.

*Joint/Spousal Option:*

If you have elected the Joint/Spousal Option and both Spouses are alive, you may choose a Joint and Last Survivor Life Annuity (Annuity Payout Option Four). The lifetime portion will be based on the surviving Covered Life. The Covered Lives will be the Annuitant and Joint Annuitant for this payout option. The lifetime benefit will terminate on the last death of the two. If only one Spouse is alive, we will issue a Life Annuity (Annuity Payout Option One) based on the surviving relevant Covered Life.

If the younger Annuitant is younger than age 59½, we will automatically defer the date that payments begin until the anniversary after the younger Annuitant attains age 59½ and is eligible to receive payments in a fixed dollar amount until the death of the last surviving Annuitant.

If the younger Annuitant is age 59½ or older, you will receive payments in a fixed dollar amount until the death of the last surviving Annuitant.

**Are there restrictions on how you must invest?**

Yes. You must invest your Contract Value (including future investments) within an approved asset allocation model(s) and other investment program(s) approved and designated by us. As of the date of this prospectus, you must invest in the Personal Protection Portfolio asset allocation models listed in Appendix A or 100% in the BlackRock Managed Volatility V.I. Fund. The models rebalance monthly.

We may prospectively modify, add, delete, or substitute (to the extent permitted by applicable law), the asset allocation models, investment programs, Funds, portfolio rebalancing requirements, and other investment requirements and restrictions that apply while this rider is in effect. For instance, we might amend these asset allocation models if a Fund (i) merges into another fund, (ii) changes investment objectives, (iii) closes to further investments and/or (iv) fails to meet acceptable risk parameters. We will give you advance notice of these changes. These changes will not be applied with respect to then existing investments. Please refer to "Other Program considerations" under the section entitled "What other ways can you invest?" in Section 4(a) for more information regarding the potential impact of fund mergers and liquidations with respect to then existing investments within an asset allocation model.

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**Except as provided below, failure to comply with the investment requirement or restriction will result in termination of the rider. If the rider is terminated by us, for violation of applicable investment requirements or restrictions, we will assess a pro-rated share of the rider charge and will no longer assess a rider charge thereafter. Termination of the rider will not terminate any concurrent guaranteed minimum death benefit rider. In the event of a conflict between the investment requirements and restrictions of the rider and those imposed by any other guaranteed minimum death benefit rider, the investment requirements and restrictions of the rider shall prevail.** 

If the rider is terminated by us due to a failure to comply with these investment restrictions, you will have one opportunity to reinstate the rider by reallocating your Contract Value in accordance with then prevailing investment restrictions. You will have a fifteen day reinstatement period to do this. The reinstatement period will begin upon termination of the rider. Your right to reinstate the rider will be terminated if during the reinstatement period you make a subsequent Premium Payment, take a partial Surrender, transfer Contract Value into the Personal Pension Account or change ownership. Upon reinstatement, your Guaranteed Accumulation Benefit will be reset at the lower of the Guaranteed Accumulation Benefit prior to the termination or Contract Value as of the date of reinstatement.

Investment in any asset allocation model could mitigate losses but also hamper potential gains. The asset allocation models that you must invest in under the rider provide very different potential risk/reward characteristics. We are not responsible for lost investment opportunities associated with the implementation and enforcement of these investment requirements and restrictions. The Personal Protection Portfolios and particularly, the requirement to maintain 50% of your Contract Value in BlackRock Managed Volatility V.I. Fund within these models, or 100% in the BlackRock Managed Volatility V.I. Fund, may reduce overall Contract Value volatility and mitigate our guarantee obligations by potentially reducing investment returns that you might have received during favorable market conditions.

The BlackRock Managed Volatility V.I. Fund does not seek to manage volatility based on Contract Owners' allocations to the other Funds within the Personal Protection Portfolios. Instead, the BlackRock Managed Volatility V.I. Fund utilizes a volatility control process that is independent of Contract Owners allocations of Contract Value. The BlackRock Managed Volatility V.I. Fund may reduce investment returns that you might receive during favorable market conditions and may mitigate our guarantee obligations under the Contracts. In addition, the BlackRock Managed Volatility V.I. Fund may fail to achieve its investment objective, which includes managing volatility.

If you desire your Contract Value to be subject to less volatility than the Personal Protection Portfolios asset allocation models, a 100% allocation to the BlackRock Managed Volatility V.I. Fund may be more appropriate for you. You should consult with your investment professional about which investment options are best for you. Some factors you may consider and discuss with your investment professional when reviewing the updated Personal Protection Portfolios and the BlackRock Managed Volatility V.I. Fund are: your investment time horizon and risk appetite, the importance of protecting your Contract Values from volatility, the impact that managed volatility may have on your investment returns during favorable market conditions, and the likelihood that you will utilize or realize your rider benefits.

**Are there restrictions on the amount of subsequent Premium Payments?**

Yes. We require prior approval of subsequent Premium Payments after the first Contract Anniversary after the rider effective date. In addition, we will not accept any subsequent Premium Payments exceeding $100,000 in the aggregate while the rider is in effect without our prior approval. These restrictions are not currently enforced. Following your Annuity Commencement Date, we will no longer accept subsequent Premium Payments.

**Can we aggregate Contracts?**

Yes. For purposes of determining the Payment Base, Deferral Bonus Base and Premium Payment limits, we reserve the right to treat as one all deferred variable annuity Contracts issued by us when you have elected any similar optional withdrawal benefit rider. We will not aggregate Contracts with dissimilar optional riders such as a Contract with an optional guaranteed minimum accumulation benefit such as Safety Plus with a contract with a guaranteed lifetime withdrawal benefit such as Daily Lock Income Benefit. If we elect to aggregate Contracts, we will reset Lifetime Benefit Payments, partial Surrenders and Transfer Limits across aggregated Contracts. We will also reset the date we set these values to operate on a Calendar Year anniversary basis (i.e., January 1 Contract Anniversary) in lieu of multiple Contract Anniversaries.

**Other information**

The rider may not be appropriate for all investors. Several factors, among others, should be considered:

• **If you are electing this rider after your Contract has been issued, the starting values for all benefits will be the Contract Value on the rider effective date and not your initial Premium Payment or any other prior values.** 

• Please see the Optional Rider Comparison chart in Appendix C for a summary of the differences between all optional riders.

• Your required participation in the Personal Protection Portfolio models end when the Daily Lock Income Benefit rider terminates. You must provide us with re-allocation instructions at that time. We will contact you and your Financial Intermediary in writing and/or via telephone to seek instructions to re-allocate your Contract Value outside of the

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Personal Protection Portfolio and BlackRock Managed Volatility V.I. Fund. You may independently invest in the BlackRock Managed Volatility V.I. Fund if you have Daily Lock Income Benefit.

• If you also invest in the Personal Pension Account, transfers to the Personal Pension Account exceeding the Transfer Limit will end the Deferral Bonus Period and the Deferral Bonus Base will be zero.

• The benefits under the rider cannot be directly or indirectly assigned, collateralized, pledged or securitized in any way. Any such actions will invalidate the rider and allow us to terminate the rider.

• The FAF is not available if you have elected Daily Lock Income Benefit.

• Annuitizing your Contract, whether voluntary or not, will impact and possibly eliminate this benefit.

• Even though the rider is designed to provide living benefits, you should not assume that you will necessarily receive payments for life if you have violated any of the terms of the rider or if you commence taking Threshold Payments prior to your Lifetime Income Eligibility Date. Withdrawals taken prior to the Lifetime Income Eligibility Date (Threshold Payments) are not guaranteed to be available throughout your lifetime. Such withdrawals will reduce (and may even eliminate) the Payment Base otherwise available to establish lifetime benefits.

• We may withdraw the rider for new Contract sales at any time.

• Because we no longer offer the rider, when the Single Life Option is chosen, the Spouses will not be able to continue the Rider after the death of the Contract Owner. Continuation of the benefits is available only in the Joint/Spousal Option.

• Annuity payout options available after the Annuity Commencement Date may not necessarily provide a stream of income for your lifetime and may be less than Lifetime Benefit Payments.

• The fee for the rider may change at every Contract Anniversary. Please carefully review the maximum fee disclosed in Section 4. Fee Table.

• **If you are enrolled in an Automatic Income Program (AIP) it is important for you to monitor the amount you may withdraw (Lifetime Benefit Payment) and compare it to the amount you are scheduled to take in the upcoming Contract Year. It may be necessary to adjust your AIP payout each year. We do not automatically adjust payments under the AIP if your Lifetime Benefit Payment changes.** 

• We will share data regarding your Contract with our affiliates or designees to help us manage our guarantee obligations under this rider.

• The purchase of these riders may not be appropriate for custodial owned Contracts, Beneficiary or inherited IRAs or Contracts owned by certain types of non-natural entities, including Charitable Trusts. Because these types of owners and many non-natural entities may be required to make certain periodic distributions and those amounts may be different than the withdrawal limits permitted under the rider, you should discuss this with your tax advisor or investment professional to determine the appropriateness of this benefit. We are not responsible for violations to riders due to your obligation to comply with RMD obligations.

• Daily Lock Income Benefit is referred to as Guaranteed Minimum Withdrawal Benefit Plus Rider M in your Contract.

• **Any payment obligation we make under the Contract, including optional withdrawal benefit payments, is subject to our financial strength and claims-paying ability and our long-term ability to make such payments.** 

**c. Personal Pension Account**

**As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).\*** Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).

If you are enrolled in any program (e.g., Dollar Cost Averaging Program) that automatically allocates subsequent contributions (Premium Payments) and/or transfers of Contract Value to the Personal Pension Account you MUST provide us with alternative allocation instructions prior to October 3, 2014; otherwise your program will automatically terminate on October 3, 2014\*.

**\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in New York and Oregon.** 

**Interests in the Personal Pension Account are not registered under the 1933 Act and the Personal Pension Account is not registered as an investment company under the 1940 Act. Accordingly, neither the Personal Pension Account nor any of its interests are subject to the provisions or restrictions of the 1933 Act or the 1940 Act. The following disclosure about the Personal Pension Account is subject to certain generally applicable provisions of the federal securities laws regarding the accuracy and completeness of disclosures. The Personal Pension** 

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**Account is currently available to IRA, Roth IRA, SEP and Non-Qualified plan types. The Personal Pension Account may not be available to all types of ownership arrangements, or in all states.** 

Information regarding the features of each currently offered fixed option, including the Personal Pension Account, including (i) its name, and (ii) its minimum guaranteed interest rate, is available in an appendix to this prospectus. See "Appendix A – Investment Options Available Under the Contract."

**Objective**

The objective of the rider is to provide a fixed rate of growth on investments and longevity protection through the certainty of predetermined lifetime payouts during the Guarantee Window and a death benefit. Withdrawals from the Personal Pension Account may be subject to commutation, please see below.

**How does the rider help achieve this goal?**

The Personal Pension Account bears some similarities to a FAF where you may also receive a fixed interest rate investment return. In this regard, the Personal Pension Account is an alternative to the uncertainty of investing in Funds where your return depends on the investment performance of the Funds you select. However, the Personal Pension Account operates very differently than the FAF. The FAF is designed to serve as a conventional accumulation-oriented investment; you put money in to build up your investment, and you can then withdraw money to meet financial needs as they arise. Until October 3, 2014 you could also transfer some or all of your investment to the Funds or the Personal Pension Account, and your beneficiaries receive a Death Benefit if you die. The Personal Pension Account is designed to serve a different purpose; it has features and guarantees that you can use to design your own personal pension plan to provide guaranteed life-long income payouts without having to use Funds or FAF for that purpose. You will know at the time of each Personal Pension Account Contribution what you can expect in terms of guaranteed Payout Purchase Rates (provided that Personal Pension Account Payouts are commenced during your Guarantee Window). Crediting rates (which reduce over time bands) are also available at or prior to each Personal Pension Account Contribution. While you can also use the FAF to take systematic withdrawals or Annuity Payouts, the amount of those income payments is not guaranteed in advance.

Why would you invest in the FAF if the Personal Pension Account rider gives you guaranteed Payout Purchase Rates and more flexibility structuring payouts? In order to give you the guarantees and income payment flexibility, we had to place significant restrictions on how much you can transfer out of the Personal Pension Account in any year as well as on your ability to receive lump sum payments. Instead of *Surrendering* part or all of the amounts you have built up in the Personal Pension Account, you can get a lump sum payment only by specifying some or all of the payouts you are receiving, and then *commuting* them into a lump sum. When you commute your Personal Pension Account, you may end up getting less than you would have if you invested in the FAF or Funds. This is the trade-off you have to accept in return for getting the additional flexibility and guarantees that let you design your own personal pension plan.

The Personal Pension Account also bears many similarities to guaranteed minimum withdrawal benefits such as Future5 and Future6. Generally speaking, however, the Personal Pension Account may better satisfy a long-term investor's need for the present certainty of future lifetime payouts (subject to limitations) than is otherwise available to those electing a guaranteed minimum withdrawal benefit.

**When can you elect the rider?**

The Personal Pension Account rider is no longer available for election (including adding it to existing Contracts).

Except as noted below (see Other Considerations below), the minimum initial Personal Pension Account Contribution is $10,000 and failure to maintain a minimum Accumulation Balance of $5,000 will result in premature commencement of Personal Pension Account Payouts. Subsequent Premium Payments can be made into Funds and/or the FAF before or after Personal Pension Account Payouts have begun (if received before your Annuity Commencement Date).

We may close the Personal Pension Account to new Personal Pension Account Contributions at any time without notice. We may also make the Personal Pension Account available only through enrollment in one or more investment Programs that we establish.

**Does buying the rider forfeit your ability to buy other riders?**

No.

**How is the charge for the rider calculated?**

We do not charge a separate rider fee for the Personal Pension Account. Our expenses associated with offering this rider are factored into Credited Interest Rates and Payout Purchase Rates.

**Does your benefit base change under the rider?**

Yes. You invest in the Personal Pension Account through Personal Pension Account Contributions. Your first Personal Pension Account Contribution becomes your initial Benefit Balance. The Benefit Balance will be increased by the amount of each subsequent Personal Pension Account Contribution, transfers into the Personal Pension Account from the FAF and Funds, and, credited interest. Unlike the FAF, the Benefit Balance is not indicative of what you would receive as a lump sum.

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Prior to the start of Personal Pension Account Payouts, the Accumulation Balance equals your Benefit Balance. Once you start taking Personal Pension Account Payouts, your Benefit Balance is divided into an Accumulation Balance and Annuity Payout Value. Annuity Payout Value refers to the sums used to fund your Personal Pension Account Payouts and anything remaining is referred to as your Accumulation Balance. Because you may convert all or any portion of your Accumulation Balance into Personal Pension Account Payouts at different times, you may have more than one Annuity Payout Value.

We will credit interest to your Accumulation Balance at a minimum annual rate of 1.5% for so long as you have an investment in the Personal Pension Account. Compound interest is credited daily to your Accumulation Balance. We may apply a Credited Interest Rate that is higher than this minimum interest rate. Different Credited Interest Rates may apply during the course of your investment in the Personal Pension Account. Credited Interest Rates may also vary based on contract variation, Annuity Payout Option, and your gender.

We may prospectively set new Credited Interest Rates and time periods over which such Credited Interest Rate(s) shall apply to new Personal Pension Account Contributions. This means that portions of your Accumulation Balance may earn interest at different Credited Interest Rates. See Personal Pension Account Examples 1, 2 and 4 in "Appendix B - Examples" for an illustration of how different Credited Interest Rates may apply during the term of your Contract.

We will confirm your Credited Interest Rate schedule with each Personal Pension Account Contribution. There is no specific formula for determining Credited Interest Rates and no assurances are offered as to future Credited Interest Rates and their applicability to your Contract. Some of the factors that we may consider in determining Credited Interest Rates include, but are not limited to, general economic trends, rates of return currently available for the types of investments and durations that match these or our general liabilities and anticipated yields on our General Account investments, regulatory and tax requirements, mortality risks, and competitive factors. We expect to make a profit in setting Credited Interest Rates.

We will account for any Personal Pension Account Contributions, Personal Pension Account Payouts, interest, and deductions separately and on a first-in, first-out basis for the purposes of determining which Credited Interest Rates are associated with each Personal Pension Account Contribution.

**Is the rider designed to pay you withdrawals for your lifetime?**

Yes. You may tell us to start paying you Annuity Payouts called Personal Pension Account Payouts at any time or at different times until your Annuity Commencement Date. There is a thirty day waiting period for your first Personal Pension Account Payout following each Personal Pension Account Start Date.

Your ability to receive lump sum payments from the Personal Pension Account is limited. You do not withdraw any part of your Benefit Balance in the same way that you can Surrender your Contract Value from Funds or the FAF. Rather, you must convert Accumulation Balance into an Annuity Payout Value that is then used to set your Personal Pension Account Payouts. In contrast, you may Surrender any or all of your Contract Value without affecting your Annuity Payout Value and may commute any or all of your Annuity Payout Value without affecting your Contract Value. You may terminate your Contract by (a) fully Surrendering all of your Contract Value in the Funds and FAF; and (b) commuting your Annuity Payout Value in your Personal Pension Account thereby giving up your right to future Personal Pension Account Payouts. This may subject your Annuity Payout Value to a CDSC, if applicable, if the amount commuted is in excess of your AWA. Please see CDSC Example 6 in Appendix B for an illustration of how the CDSC is calculated for commutation. The amount ultimately received as a consequence of your investment in the Personal Pension Account is not predictable because of the uncertainty of factors such as how long you have invested in the Personal Pension Account, Credited Interest Rates in effect at the time of investment, the discount rate used for commutation, and how long you receive lifetime Personal Pension Account Payouts.

We reserve the right to require that you own your Contract for at least six months before you start receiving Personal Pension Account Payouts. For qualified Contracts, we reserve the right to require that you start taking Personal Pension Account Payouts no later than when the Annuitant turns age 70½.

Personal Pension Account Payouts received prior to the Annuity Commencement Date are considered to be partial annuitizations under the Code. You will automatically start receiving Personal Pension Account Payouts on your Annuity Commencement Date. Personal Pension Account Payouts will be paid in the manner described in Annuity Payout Option Two or Eight under the heading "When do your Annuity Payouts begin?" in Section 7.e. "Annuity Payouts."

We will calculate the amount of your Personal Pension Account Payouts by applying the applicable Payout Purchase Rate to your Accumulation Balance. We will provide you with guaranteed Payout Purchase Rates corresponding with your Guarantee Window each time that you make a Personal Pension Account Contribution. Payout Purchase Rates are set at our discretion. Minimum guaranteed Payout Purchase Rates are described in your Contract. Payout Purchase Rates may vary based on Contract share class, gender and the Annuity Payout Option selected. There is no specific formula for determining Payout Purchase Rates and, except as specifically provided below, there is no assurance as to future Payout Purchase Rates. Some of the factors that we may consider in determining Payout Purchase Rates include, but are not limited to, general economic trends, rates of return currently available for the types of investments and durations that match our liabilities and anticipated yields on our General Account investments, regulatory and tax requirements, and competitive

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factors and mortality tables (including age and gender factors). We expect to make a profit in setting Payout Purchase Rates.

When you first make a Personal Pension Account Contribution, you will be required to choose a Target Income Age at which Personal Pension Account Payouts are likely to begin. The Target Income Age cannot exceed twenty years from the oldest Annuitant's age (Single Life Option) or the oldest Spouse (Joint Life Option) at the time of investment or age 80, whichever shall first occur. A single Target Income Age will apply to your Contract irrespective of the number of subsequent Personal Pension Account Contributions you may make in the future. Except as provided under Annuity Payout Options Two and Eight, the Target Income Age cannot be changed.

We will use guaranteed Payout Purchase Rates to calculate Personal Pension Account Payouts if you commence taking Personal Pension Account Payouts during the timeframe that begins three years prior to the Target Income Age and ends three years after the Target Income Age (this seven year period is referred to as the Guarantee Window). **In the event that you do not establish a Target Income Age that is at least three years from your current age when you make your first Personal Pension Account Contribution, we will automatically reset your Target Income Age to such date and adjust your Guarantee Window accordingly, subject to the maximum Target Income Age limitations stated above.** If you elect Annuity Payout Option Eight, we will establish Payout Purchase Rates by deducting the age of the youngest Annuitant from the age of the oldest Annuitant as of the date of your initial Personal Pension Account Contribution. This differential in ages (rounded up to a full year) will also be used for establishing Payout Purchase Rates for any subsequent Personal Pension Account Contributions regardless of when during each calendar year they are made.

If you commence taking Personal Pension Account Payouts at any time outside of the Guarantee Window, then we will calculate your Personal Pension Account Payouts using the lower of (x) then current Payout Purchase Rates or (y) the maximum Payout Purchase Rate applicable at the time of each Contribution that corresponds to the actual time deferred; but, in no event will the Payout Purchase Rate be less than (z) the minimum guaranteed payout specified in your Contract. **The amount of these Personal Pension Account Payouts taken outside of your Guarantee Window are not guaranteed.** The existence of guaranteed Payout Purchase Rates, among other things, distinguishes the Personal Pension Account from the way we treat annuitization of your Contract Value and investments in the FAF at the end of the accumulation phase of your Contract. See Personal Pension Account Examples 1 and 4 in Appendix B for an illustration of Personal Pension Account Payouts during the Guarantee Window.

Personal Pension Account Payouts are not cumulative and may not be advanced, commuted or accelerated, except as explicitly stated in this prospectus. Subject to applicable state insurance law, the Personal Pension Account does not establish a cash Surrender benefit.

Personal Pension Account Payouts will generally terminate upon notification of death of the Owner, joint Owner, Annuitant, or Joint Annuitant (if applicable), depending on the Annuity Payout Option then in effect. Please refer to the Annuity Payouts section for more information regarding the cessation of Personal Pension Account Payouts based on the death of an Owner, Annuitant or Joint Annuitant, as applicable, and how these events vary depending upon whether transpiring before or after the Annuity Commencement Date.

**Is this rider designed to pay you a Death Benefit?**

Yes. The Personal Pension Account includes a Death Benefit that is initially equal to your Benefit Balance. Your Personal Pension Account Death Benefit increases as a result of additional Personal Pension Account Contributions, transfers into the Personal Pension Account, and credited interest. **Your Personal Pension Account Death Benefit decreases as you take Personal Pension Account Payouts. Your Personal Pension Account Death Benefit also decreases upon commutation of your Annuity Payout Value and may be eliminated over time.** Benefit Balance transfers to Funds and/or the FAF also decrease your Personal Pension Account Death Benefit but because these amounts are converted into Contract Value, they become part of the standard Death Benefit and/or an optional Death Benefit then in effect. The method of payment of the Death Benefit will be subject to the restrictions described in Section 9.a Standard Death Benefit. Personal Pension Account Death Benefits are not subject to commutation or CDSCs, if applicable.

**Does the rider replace the standard Death Benefit?**

No. The Personal Pension Account Death Benefit supplements the Standard Death Benefit or any optional Death Benefit then in effect.

**Can you revoke the rider?**

No.

**What effect do partial or full Surrenders have on your benefits under the rider?**

*Lump Sum Payments -* You may commute any or all of your Annuity Payout Value to get a lump sum payment from the Personal Pension Account. You must therefore initiate Personal Pension Account Payouts to commute your Annuity Payout Value.

We compute your Personal Pension Account Commuted Value by first calculating the number of Personal Pension Account Payouts (corresponding to the Annuity Payout Value that you seek to commute) that when added together will equal the

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amount of your commutation request. We then compute the time period over which each Annuity Payout Value would have otherwise been paid. This time period is called the Guaranteed Payout Duration. We then use a present value formula to compute the lump sum payable to you using the discount rate then in effect. Please see "What is the Commuted Value?" in Section 7.d. "Surrenders" and Personal Pension Account Examples 4a and 4b in Appendix B for more information about how Guaranteed Payout Duration is determined.

Please check with your qualified tax adviser because there could be adverse tax consequences for commutation of your Personal Pension Account Payouts. If you commute a portion or all of your Personal Pension Account Payouts and take direct receipt of the funds, a 1099 will be issued the following year noting the entire distribution as being taxable.

Personal Pension Account Payouts based on the remaining, non-commuted portion of your Annuity Payout Value will resume after the Guaranteed Payout Duration based on the same frequency established on your original Personal Pension Account Start Date provided that Personal Pension Account Payouts have not been terminated based on a death event pursuant to the relevant Annuity Payout Option.

**Your Commuted Value may be significantly less than your Annuity Payout Value.** This is because your Commuted Value depends on a number of factors, including charges to interest rates since each contribution, how long you have invested in the Personal Pension Account and how long Personal Pension Account Payouts are payable pursuant to the relevant Annuity Payout Option. Please refer to "What kinds of Surrenders are available?" and "What is the Commuted Value?" in Section 7.d. "Surrenders" as well as Personal Pension Account Example 4 in Appendix B for more information about how commutation works.

*Transfers -* **As of October 3, 2014, the Personal Pension Account is closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value), except for Contracts issued in CT, FL, NJ and WA.** Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account Payouts (fixed dollar amount Annuity Payout) so if you do not have value in the Personal Pension Account as of October 3, 2014, this Annuity Payout Option will not be available to you. Please see the Personal Pension Account Death Benefit section for additional information.

Each Contract Year, you may transfer a portion of your Accumulation Balance to the FAF or Funds without having to comply with the annuitization and commutation requirements discussed above. All transfer allocations must be in whole numbers (e.g., 1%). The maximum amount of Accumulation Balance that may be transferred is the highest of:

• 4% of your Accumulation Balance as of your prior Contract Anniversary;

• the amount of interest credited to your Accumulation Balance over the most recent full Contract Year; or

• the amount of Accumulation Balance transferred to Contract Value during the most recent full Contract Year.

We reserve the right to: (a) limit the number of transfers from the Personal Pension Account; (b) make you wait six months after your most recent transfer from the Personal Pension Account before moving Contract Value back into the Personal Pension Account; or (c) revoke this transfer privilege at any time. Amounts transferred out of the Personal Pension Account will reduce the Accumulation Balance by the amount transferred. Amounts transferred from the Personal Pension Account to the FAF or Funds become part of your Contract Value. You may also transfer Contract Value from your Funds or FAF into the Personal Pension Account. Such transfers will reduce the amount of any optional Death Benefit, and will result in a reallocation of the AWA and Remaining Gross Premiums associated with your Contract Value and your Personal Pension Account investments. If you have also elected a guaranteed accumulation or withdrawal benefit, please refer to the section entitled "What effect do partial or full Surrenders have on your benefits under the rider?" within such prospectus sections for more information about the impacts of transfers to and from the Personal Pension Account on such benefits. If applicable, no CDSC will be applied to Accumulation Balance transferred to Funds or the FAF, or vice versa. No transfers may be made to or from the Personal Pension Account after the Annuity Commencement Date. See Personal Pension Account Example 3 in "Appendix B - Examples" for an illustration of transfers into your Personal Pension Account.

**As a result of these out-bound transfer restrictions, it may take a significant amount of time (i.e., several years) to move Accumulation Balance to Funds or the FAF and therefore this may not provide an effective short term defensive strategy. Please refer to Example 3 under the Personal Pension Account Examples in "Appendix B - Examples" for an illustration of transfer restrictions.** 

**What happens if you change ownership?**

Except as otherwise provided in the Annuity Payouts section, any successor owner must continue to abide by the Target Income Age and Guarantee Window you establish at the time of your first Personal Pension Account Contribution.

**Can your Spouse continue your Lifetime Withdrawal Benefit?**

Yes. However, you may not make any Personal Pension Account Contributions any time after your Spouse is removed from your Contract if Annuity Payout Option Eight was elected. Please refer to Annuity Payout Options Two and Eight for further information.

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**What happens if you annuitize your Contract?**

You will automatically start receiving Personal Pension Account Payouts on your Annuity Commencement Date. Personal Pension Account Payouts will be paid in the manner described in Annuity Payout Option Two or Eight under the heading "When do your Annuity Payouts begin?" in Section 7.e. "Annuity Payouts." You may not make any Personal Pension Account Contributions after the Annuity Commencement Date. No transfers may be made to or from the Personal Pension Account after the Annuity Commencement Date.

**Are there restrictions on how you must invest?**

Yes. You have no discretion over the management of sums invested in the Personal Pension Account as they are held in our General Account.

**Are there restrictions on the amount of subsequent Contributions?**

**As of October 3, 2014, the Personal Pension Account will be closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).\*** Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).

If you are enrolled in any program (e.g., Dollar Cost Averaging Program) that automatically allocates subsequent contributions (Premium Payments) and/or transfers of Contract Value to the Personal Pension Account you MUST provide us with alternative allocation instructions prior to October 3, 2014; otherwise your program will automatically terminate on October 3, 2014\*.

**\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in New York and Oregon.** 

In addition, our prior approval may be required for any single or cumulative Personal Pension Account Contribution of $1 million or more made prior to October 3, 2014. Each subsequent Personal Pension Account Contribution must be at least $1,000.

**Can we aggregate Contracts?**

No.

**Other Information**

This rider may not be appropriate for all investors. Several factors, among others, should be considered:

• Special consideration should be given by Personal Pension Account investors who are under age 40 based on the twenty-year limitation on setting your Target Income Age and the absence of guaranteed Payout Purchase Rates applied if Personal Pension Account Payouts commence outside of your Guarantee Window.

• Because we impose commutation and transfer limitations, please work with your investment professional to ensure that your investments in the FAF and Funds (in addition to other available assets) will be adequate to meet your liquidity and/or RMD (if applicable) needs before investing in the Personal Pension Account.

• Credited Interest Rates available under the Personal Pension Account may be higher or lower than interest rates offered under the FAF.

• You must select either Annuity Payout Option Two or Eight in order to receive Personal Pension Account Payouts. These Annuity Payout Options include restrictions as to who may serve as Annuitant, Joint Annuitant and Beneficiary.

• Anyone considering investing their entire Deposit into the Personal Pension Account should first discuss with their investment professional whether a single Premium immediate annuity may offer better Payout Purchase Rates.

• The Personal Pension Account should not be confused with a pension plan under ERISA. We do not assume any fiduciary duties, as such terms are defined under ERISA laws and regulations. The Personal Pension Account is not a defined benefit plan guaranteed by the Pension Benefit Guaranty Corporation or any federal or state government agency. This feature is not a corporate pension plan issued by us.

• **Any payment obligation we make under the Contract, including optional withdrawal benefit payments, is subject to our financial strength and claims-paying ability and our long-term ability to make such payments.** 

**•** Please see "Appendix C - Optional Rider Comparison" for a summary of the differences between all optional riders.

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**11. Optional Accumulation Benefit**

**a.Safety Plus** 

The Annuity Commencement Date Deferral Option is not available if you have elected the Safety Plus rider.

**Objective**

The objective of the rider is to ensure that you receive no less than the Guaranteed Accumulation Benefit of the Safety Plus rider on the rider maturity date and provides enhanced income to the Personal Pension Account at the rider maturity date. Your Guaranteed Accumulation Benefit will initially equal your Premium Payments and will increase by subsequent Premium Payments and any amounts that you transfer from the Personal Pension Account if such Premium Payments and transfers are received before your first rider anniversary.

Please consider the following prior to electing this rider:

• The rider has investment restrictions. Violation of the investment restrictions may result in termination of the rider.

• Partial Surrenders and excess transfers to the Personal Pension Account will reduce the benefit proportionally, as described below.

**This rider may terminate due to adverse (or catastrophic) market conditions which cause a reduction in Contract Value below the minimum amount rule.** 

**How does the rider help achieve this goal?**

On the tenth Contract Anniversary from the date you buy the rider (the rider maturity date), we will compare your Contract Value with the Guaranteed Accumulation Benefit. If the Guaranteed Accumulation Benefit is greater than your Contract Value, then we will apply a one-time adjustment to your Contract Value equal to the difference between your Contract Value and Guaranteed Accumulation Benefit. This one-time adjustment will be distributed among the various Funds and FAF, if applicable, in which your Contract Value is then allocated, on a pro-rata basis. After this one-time adjustment, the rider will terminate. However, if your Contract Value on the rider maturity date is greater than the Guaranteed Accumulation Benefit, then there will be no adjustment to your Contract Value and the rider will terminate without notice. See Safety Plus Examples 1-2 in "Appendix B - Examples."

At the rider maturity date, if you elect to transfer Contract Value into the Personal Pension Account, we will apply a one-time increase to the Personal Pension Account maximum guaranteed Payout Purchase Rate. This one-time increase will be an amount up to, but not greater than, the Guaranteed Accumulation Benefit. This increase is referred to as the income enhancer, described below.

**When can you buy the rider?**

The Safety Plus rider is closed to new investors (including existing Owners).

You may only buy the rider at the time you buy your Contract. The maximum age of any Contract Owner or Annuitant when buying this rider is 80. You must identify your Spouse as the Joint Annuitant when electing this rider if electing Annuity Payout Option Eight.

The rider may not be available through all investment professionals and may be subject to additional restrictions set by your investment professional. The rider may not be available in all states. We reserve the right to withdraw the rider or any rider charge structure at any time.

**Does buying the rider preclude you from buying other riders?**

Yes, buying this rider precludes you from electing Future5, Future6, or Daily Lock Income Benefit.

**How is the charge for the rider calculated?**

The fee for the rider is based on your Guaranteed Accumulation Benefit. We will deduct the rider charge on each Contract Anniversary on a pro-rated basis from each Sub-Account until the rider maturity date.

If the rider is revoked or terminated, or if there is a full Surrender from your Contract, then we will deduct a pro-rated share of the rider charge from your Contract Value based on Guaranteed Accumulation Benefit immediately prior to such termination or full Surrender. We may also reset the rider charge upon Spousal Contract continuation or a Covered Life change.

**Does your benefit base change under the rider?**

Yes. Your Guaranteed Accumulation Benefit is the basis upon which we determine our guarantee obligation on the rider maturity date. Your starting Guaranteed Accumulation Benefit will equal your initial Premium Payment (without deduction for sales charges, if any). Your Guaranteed Accumulation Benefit will increase, on a dollar-for-dollar basis, to reflect subsequent Premium Payments and any amounts that you transfer from the Personal Pension Account only if such Premium Payments and transfer are received before your first rider anniversary. Please refer to Safety Plus Examples 1-2 in "Appendix B - Examples."

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Surrenders will reduce your Guaranteed Accumulation Benefit on a proportionate basis. If your Contract Value is less than your Guaranteed Accumulation Benefit, reductions on a proportionate basis may be greater than if taken on a dollar-for-dollar basis. See Safety Plus Examples 3 and 4 in "Appendix B - Examples" for an illustration of this calculation.

Transfers into the Personal Pension Account that are equal to or less than the Transfer Limit will reduce your Guaranteed Accumulation Benefit on a dollar-for-dollar basis. Transfers in excess the Transfer Limit in any Contract Year will then reduce your Guaranteed Accumulation Benefit on a proportionate basis. Please refer to Safety Plus Examples 2; 3 and 4 in "Appendix B - Examples for an illustration of partial Surrenders and the Transfer Limit.

You may not carry over unused transfer sums from one Contract Year to another. Your Transfer Limit may change on each Contract Anniversary and whenever you make subsequent Premium Payments, make Surrenders, transfer sums from the Personal Pension Account or make an change in the Owners of the Contract. Optional Death Benefit riders each have their own Transfer Limit, which may be a different amount than the Transfer Limit imposed by Safety Plus. In the event of a conflict, the Transfer Limit of Safety Plus prevails. The Safety Plus Transfer Limit is equal to 5% of the Guaranteed Accumulation Benefit at each Contract Anniversary.

Your Guaranteed Accumulation Benefit can never be less than $0 or more than $5 million. Any activities that would otherwise increase your Guaranteed Accumulation Benefit above this limit will not be included for any benefits under the rider.

• Income Enhancer

At the rider maturity date, if you elect to transfer Contract Value into the Personal Pension Account under this option, we will apply an increase to the Personal Pension Account Maximum Guaranteed Payout Purchase Rate equal to 20% greater than the then current Personal Pension Account Maximum Guaranteed Payout Purchase Rate. The increased Payout Purchase Rate will only be applied to an amount up to, but not greater than, the Guaranteed Accumulation Benefit and must be transferred to the Personal Pension Account after the rider maturity date but prior to the eleventh Contract Anniversary following the rider effective date. This Safety Plus feature is not available if the Personal Pension Account is not available in your state. Please refer to Safety Plus Example 2 in "Appendix B - Examples."

Transferring Contract Value may proportionately reduce your Death Benefit. Please refer to "What effect do partial or full Surrenders have on your benefits under the rider?" for more information regarding excessive transfers. Please refer to Annuity Payout Option Eight in Section 7.e., for important considerations regarding the configuration of contract ownership roles when selecting a joint and last survivor life Annuity Payout Option for Personal Pension Account Payouts.

**Is the rider designed to pay you withdrawal benefits for your lifetime?**

No.

**Is the rider designed to pay you Death Benefits?**

No.

**Does the rider replace the standard Death Benefit?**

No.

**Can you revoke the rider?**

Yes. At any time following the earlier of Spousal Contract continuation or the fifth Contract Anniversary after the rider effective date, you may elect to terminate this rider. The Contract Value will not be adjusted to equal the Guaranteed Accumulation Benefit and the rider will terminate.

**What effect do Partial or Full Surrenders have on your benefits under the rider?**

Please refer to "**Does your benefit base change under the rider?**" for the effect of partial Surrenders and transfers to and from the Personal Pension Account. You may make a full Surrender of your entire Contract at any time. However, you will receive your Contract Value with any applicable charges deducted and not the Guaranteed Accumulation Benefit.

**If your Contract Value on any Contract Anniversary is ever reduced below the Contract minimum amount rule (as described in Section 7.d.) as a result of investment performance, or if on any Valuation Day a partial Surrender is taken that reduces your Contract Value below the minimum amount rule, then your Contract Value will be liquidated and the Contract and all its riders, including this rider, shall terminate and no rider benefits shall be paid.** 

**What happens if you change ownership?**

Any Contract change before the Annuity Commencement Date which causes a change in the ownership will result in the recalculation of the benefits provided under the rider. We reserve the right to approve any ownership changes.

If the age of the oldest Owner(s) after the ownership change is older than the maximum issue age for this rider on the effective Valuation Day of the ownership change, we will terminate the rider.

If the age of the oldest Owner(s) after the ownership change is younger than or equal to the maximum issue age of the rider at the time of the ownership change and the ownership changes occur within the first six months from the Contract issue date, it will not cause a recalculation of the benefits or changes under the rider.

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Ownership changes after the first six months from the Contract Issue date will cause a recalculation of the benefits under either (a) or (b):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)If the rider or a similar rider, as we determine, is not currently available for sale we will terminate the rider; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)If the rider is currently available for sale, we will continue the existing rider at the rider charge that is currently being assessed for new sales of the rider (or the last declared initial, minimum and maximum rider charge, if higher). The Guaranteed Accumulation Benefit will be recalculated to equal the lesser of the Contract Value or the then current Guaranteed Accumulation Benefit, on the effective Valuation Day of the ownership change. The rider maturity date will not change.

**Can your Spouse continue your rider?**

Yes. The following are the effects of an ownership change if your Spouse continues the Contract under the Spouse Beneficiary provision of the Contract, if applicable:

If your Spouse is younger than or equal to the maximum issue age for the rider at the time of the continuation, then either (a) or (b) will apply as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)If the rider is not currently available for sale or a similar rider, as we determine, we will terminate this rider; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)If the rider is currently available for sale, we will continue the rider at the rider charge that is then currently being assessed for new sales of the rider (or the last declared initial, minimum and maximum rider charge, if higher). The Guaranteed Accumulation Benefit will not change. The rider maturity date will not change.

If your Spouse is older than the maximum issue age for the rider on the effective Valuation Day of the Spousal Contract continuation, we will terminate the rider.

**What happens if you annuitize your Contract?**

If you elect to annuitize your Contract before the rider maturity date, you will forfeit all of your rights under the rider and will not receive the Guaranteed Accumulation Benefit.

**Are there restrictions on how you must invest?** 

Yes. You must invest your Contract Value (including future investments) within an approved asset allocation model(s) and other investment program(s) approved and designated by us. As of the date of this prospectus, you must invest in the Personal Protection Portfolio asset allocation models listed in Appendix A or you may invest 100% in the BlackRock Managed Volatility V.I. Fund. The models rebalance monthly.

We may prospectively modify, add, delete, or substitute (to the extent permitted by applicable law), the asset allocation models, investment programs, Funds, portfolio rebalancing requirements, and other investment requirements and restrictions that apply while this rider is in effect. For instance, we might amend these asset allocation models if a Fund (i) merges into another fund, (ii) changes investment objectives, (iii) closes to further investments and/or (iv) fails to meet acceptable risk parameters. We will give you advance notice of these changes. These changes will not be applied with respect to then existing investments. Please refer to "Other Program considerations" under the section entitled "What other ways can you invest?" in Section 4(a) for more information regarding the potential impact of fund mergers and liquidations with respect to then existing investments within an asset allocation model.

Except as provided below, failure to comply with any applicable investment requirement or restriction will result in termination of the rider. If the rider is terminated by us, for violation of applicable investment requirements or restrictions, we will assess a pro-rated share of the rider charge and will no longer assess a rider charge thereafter. Termination of the rider will not terminate any concurrent guaranteed minimum death benefit rider. In the event of a conflict between the investment requirements and restrictions of the rider and those imposed by any other guaranteed minimum death benefit rider, the investment requirements and restrictions of the rider shall prevail.

If the rider is terminated by us due to a failure to comply with these investment restrictions, you will have one opportunity to reinstate the rider by reallocating your Contract Value in accordance with then prevailing investment restrictions. You will have a fifteen day reinstatement period to do this. The reinstatement period will begin upon termination of the rider. Your right to reinstate the rider will be terminated if during the reinstatement period you make a subsequent Premium Payment, take a partial Surrender, transfer Contract Value into the Personal Pension Account or change ownership. Upon reinstatement, your Guaranteed Accumulation Benefit will be reset at the lower of the Guaranteed Accumulation Benefit prior to the termination or Contract Value as of the date of reinstatement.

Investment in any asset allocation model could mitigate losses but also hamper potential gains. The asset allocation models that you must invest in under the rider provides very different potential risk/reward characteristics. We are not responsible for lost investment opportunities associated with the implementation and enforcement of these investment requirements and restrictions.

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The Personal Protection Portfolios and particularly, the requirement to maintain 50% of your Contract Value in the BlackRock Managed Volatility V.I. Fund with these models, or 100% in the BlackRock Managed Volatility V.I. Fund, may reduce overall Contract Value volatility and mitigate our guarantee obligations by potentially reducing investment returns that you might have received during favorable market conditions.

The BlackRock Managed Volatility V.I. Fund does not seek to manage volatility based on Contract Owners' allocations to the other Funds within the Personal Protection Portfolios. Instead, the BlackRock Managed Volatility V.I. Fund utilizes a volatility control process that is independent of Contract Owners allocations of Contract Value. The BlackRock Managed Volatility V.I. Fund may reduce investment returns that you might receive during favorable market conditions and may mitigate our guarantee obligations under the Contracts. In addition, the BlackRock Managed Volatility V.I. Fund may fail to achieve its investment objective, which includes managing volatility.

If you desire your Contract Value to be subject to less volatility than the Personal Protection Portfolios asset allocation models, a 100% allocation to the BlackRock Managed Volatility V.I. Fund may be more appropriate for you. You should consult with your investment professional about which investment options are best for you. Some factors you may consider and discuss with your investment professional when reviewing the updated Personal Protection Portfolios and the BlackRock Managed Volatility V.I. Fund are: your investment time horizon and risk appetite, the importance of protecting your Contract Values from volatility, the impact that managed volatility may have on your investment returns during favorable market conditions, and the likelihood that you will utilize or realize your rider benefits.

**Are there restrictions on the amount of subsequent Premium Payments?**

Yes. We require prior approval of subsequent Premium Payments after the first Contract Anniversary after the rider effective date. In addition, we will not accept any subsequent Premium Payments in excess of $100,000 in the aggregate while the rider is in effect without our prior approval.

**Can we aggregate Contracts?**

Yes. For purposes of determining the Guaranteed Accumulation Benefit, we reserve the right to treat as one all deferred variable annuity contracts issued by us where you have elected any similar optional guaranteed minimum accumulation benefit rider. We will not aggregate contracts with dissimilar optional riders such as a Contract with an optional guaranteed minimum accumulation benefit (such as Safety Plus) with a Contract with a guaranteed lifetime withdrawal benefit such as Future5, Future6, or Daily Lock Income Benefit.

**Other information**

The rider may not be appropriate for all investors. Several factors, among others, should be considered:

• Your required participation in the Personal Protection Portfolio models end when the rider terminates. You must provide us with re-allocation instructions at that time. We will contact you and your Financial Intermediary in writing and/or via telephone to seek instructions to re-allocate your Contract Value outside of the Personal Protection Portfolio and BlackRock Managed Volatility V.I. Fund. You may independently invest in the BlackRock Managed Volatility V.I. Fund if you have Future6.

• Please see the Optional Rider Comparison chart in "Appendix C - Optional Rider Comparison" for a summary of the differences between all optional riders.

• The benefits under the rider cannot be directly or indirectly assigned, collateralized, pledged or securitized in any way. Any such actions will invalidate the rider and allow us to terminate the rider.

• **Annuitizing your Contract, whether voluntarily or not, will impact and possibly eliminate these benefits.** 

**•** We may terminate the rider based on your violation of benefit rules and may otherwise withdraw the rider (or any benefits) for new Contract sales at any time.

• Certain changes in ownership may result in a reduction, recalculation or forfeiture of benefits.

• The fee for the rider will not increase unless there is an ownership change or Spousal Contract continuation.

• Due to the anticipated impact of these investment restrictions on potential upside performance, it is important that you discuss with your investment professional whether, among other things, a traditional fixed annuity, high grade fixed income securities or a certificate of deposit might better suit your long term needs.

• This rider is not RMD friendly. Electing the rider when using this contract to meet your RMD obligations may have negative consequences inasmuch as your benefits are reduced proportionally for *any* partial Surrender. We are not responsible for violations due to your obligation to comply with RMD obligations.

• The purchase of this rider may not be appropriate for custodial owned contracts, Beneficiary or inherited IRAs or contracts owned by certain types of non-natural entities, including Charitable Trusts.

• Safety Plus is referred to as Guaranteed Minimum Accumulation Benefit Plus Rider in your Contract.

• The FAF is not available if you have elected Safety Plus.

**Any obligation we have under the Contract, including the optional accumulation benefit, is subject to our financial strength and claims-paying ability and our long-term ability to meet such obligations.** 

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**12. Additional Information** 

**a. State Variations**

The following section describes modifications to this prospectus required by one or more state insurance departments as of the date of this prospectus. Unless otherwise noted, variations apply to all forms of Contracts we issue. References to certain state's variations do not imply that we actually offer Contracts in each such state. These variations are subject to change without notice and additional variations may be imposed as specific states approve new riders.

*<u>Alabama</u> -* The FAF is not available.

*<u>California</u> -* If you are 60 years old or older you must either elect the Senior Protection Program, or elect to immediately allocate the initial Premium Payments to the other investment options. Under the Senior Protection Program, we will allocate your initial Premium Payment to a money market Fund for the first thirty-five days your initial Premium Payment is invested. After the thirty-fifth day we will automatically allocate your Contract Value according to your most current investment instructions. If you elect the Senior Protection Program you will not be able to participate in any InvestEase (if otherwise available) or Dollar Cost Averaging Program until after the Program has terminated. The Dollar Cost Averaging Plus and certain Automatic Income Programs are not available if you elect the Senior Protection Program. Under the Senior Protection Program any subsequent Premium Payment received during the thirty-five days after the initial Premium Payment is invested will also be invested in a money market Fund unless you direct otherwise. You may voluntarily terminate your participation in the Senior Protection Program by contacting us in writing or by telephone. You will automatically terminate your participation in the Senior Protection Program if you allocate a subsequent Premium Payment to any other investment option or transfer Contract Value from a money market Fund to another investment option. When you terminate your participation in the Senior Protection Program you may reallocate your Contract Value in the Program to other investment options; or we will automatically reallocate your Contract Value in the Program according to your original instructions 35 days after your initial Premium Payment was invested. The only available AIRs, which are used in computing the dollar amount of variable annuity payments, are 3% and 5%. The assignment restrictions on the living benefits and Death Benefits do not apply.

*<u>Connecticut, Florida, Illinois, New Jersey, Tennessee and Texas</u> -* The limit on Living Benefits and Death Benefits imposed when contracts are aggregated does not apply.

*<u>Connecticut and New Jersey</u>* - Our approval is required for any subsequent Contribution or transfer resulting in cumulative Contributions and transfers into the Personal Pension Account exceeding $50,000.

*<u>Connecticut</u>* - The assignment restrictions on the living benefits and Death Benefits do not apply.

*<u>Delaware</u>* - The maximum rider charge for Maximum Anniversary Value Death Benefit is 1.00%.

*<u>Florida</u> -* If you are age 65 or older on the contract issue date, CDSCs will be capped at 10% of the amount withdrawn. The cap does not apply to accredited investors.

*<u>Maryland</u>* - The Annual Maintenance Fee for C-Share and I-Share contracts is $30.

*<u>Massachusetts</u> -* We will accept subsequent Premium Payments only until the Annuitant's 63rd birthday or the third Contract Anniversary, whichever is later (B, C and L Share Contracts). The Nursing Home Waiver is not available. The FAF investment restrictions do not apply to investors.

*<u>Minnesota</u> -* The CDSC for B share contracts are 7.5%, 7%, 6.5%, 6%, 5%,4%, 3%, 0%. The CDSC for L share contracts 7.5%, 7%, 6%, 5%, 0%.

*<u>New Jersey</u> -* The only available AIRs, which are used in computing the dollar amount of variable annuity payments, are 3% and 5%. The Nursing Home Waiver is not available. If an optional Death Benefit is elected, our approval is required for any subsequent Premium Payment received after the first twelve months.

*<u>New York</u> -* Contracts issued by Talcott Resolution Life Insurance Company are not available in New York. The Personal Pension Account is not available. The only available AIRs, which are used in computing the dollar amount of variable annuity payments, are 3% and 5%. The Nursing Home Waiver is not available. Letters of Intent are not available as a basis to reduce sales charges. The assignment restrictions on the living benefits and Death Benefits do not apply. For Contracts issued in New York, the minimum monthly Annuity Payout is $20.

*<u>Oklahoma</u> -* The only available AIRs, which are used in computing the dollar amount of variable annuity payments, are 3% and 5%.

*<u>Oregon</u>* - The Personal Pension Account is not available. The only available AIRs, which are used in computing the dollar amount of variable annuity payments, are 3% and 5%. You may not choose a fixed dollar amount Annuity Payout. Annuity Payout Option Two is not available.

*<u>Pennsylvania</u> -* The Nursing Home Waiver minimum confinement period is changed from 180 days to ninety days. You may not choose a fixed dollar amount Annuity Payout. Annuity Payout Option Two is not available.

*<u>South Dakota</u>* - This contract ceased sales as of January 1, 2013.

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*<u>Texas</u> -* The assignment restrictions on the living benefits and death benefits do not apply. The only available AIRs, which are used in computing the dollar amount of variable annuity payments, are 3% and 5%.

*<u>Washington</u> -* The Personal Pension Account is not available. In any year when no Premium Payment is paid into the FAF, any pro-rata portion of the fee taken from the FAF will be limited to interest earned in excess of the 3% for that year. The Target Income Age is subject to limitations based on the Annuitant's age as of the date of the first Contribution.

**b. Legal Proceedings** 

There continues to be significant federal and state regulatory activity relating to financial services companies. Like other insurance companies, we are involved in lawsuits, arbitrations, and regulatory/legal proceedings. Certain of the lawsuits and legal actions the Company is involved in assert claims for substantial amounts. While it is not possible to predict with certainty the ultimate outcome of any pending or future case, legal proceeding or regulatory action, we do not expect the ultimate result of any of these actions to result in a material adverse effect on the Separate Account, the ability of the Principal Underwriter to perform its contract with the Separate Account, or the ability of the Company to meet its obligations under the Contracts.

**c. Miscellaneous** 

*Ownership Changes -* Except as prohibited by state law, we reserve the right to approve all ownership changes, including any assignment of your Contract (or any benefits) to others or the pledging of your Contract as collateral. Certain approved changes in ownership may cause a recalculation of the benefits subject to applicable state law. Generally, we will not recalculate the benefits under your Contract so long as the change in ownership does not affect the Owner and does not result in a change in the tax identification number under the Contract. You may not change the named Annuitant. However, if the Annuitant is still living, the Contingent Annuitant may be changed at any time prior to the Annuity Commencement Date by sending us written notice.

*Assignment -* A non-qualified Contract may be assigned subject to the ownership change restrictions above. We must be properly notified in writing of an assignment. Any Annuity Payouts or Surrenders requested or scheduled before we record an assignment will be made according to the instructions we have on record. We are not responsible for determining the validity of an assignment. Assigning a non-qualified Contract may require the payment of income taxes and certain penalty taxes. Please consult a qualified tax adviser before assigning your Contract.

*Speculative Investing -* Do not purchase this Contract if you plan to use it, or any of its riders, for speculation, arbitrage, viatication or any other type of collective investment scheme. Your Contract may not be traded on any stock exchange or secondary market. When you purchased this Contract you represented and warranted that you were not using this Contract, or any of its riders, for speculation, arbitrage, viatication or any other type of collective investment scheme.

*Contract Modification -* We may unilaterally modify the Contract to reflect, among other things, changes in applicable tax law or interpretations of tax law, but no modification will affect the amount or term of any Contract unless a modification is required to conform the Contract to applicable federal or state law. No modification will affect the method by which Contract Values are determined. Any modifications to the Contract will be filed with each state in which the Contract is for sale. Contract changes will be communicated to Owners through regular mail as an endorsement to their Contract.

*Medicaid Benefits -* Medicaid estate planning may be important to people who are concerned about long term care costs. Benefits associated with this variable annuity may have an impact on your Medicaid eligibility and the assets considered for Medicaid benefits. Ownership interests or Beneficiary status under this variable annuity could render you or your loved ones ineligible for Medicaid. This may be particularly troubling if your Spouse or Beneficiary is already receiving Medicaid benefits at the time of transfer or receipt of Death Benefits. As certain ownership changes are either impermissible or are subject to benefit resetting rules, you may want to carefully consider how you structure the ownership and Beneficiary status of your Contract. This discussion is intended to provide a very general overview and does not constitute legal advice or in any way suggest that you circumvent these rules. You should seek advice from a competent elder law attorney to make informed decisions about how this variable annuity may affect your plans.

**How Contracts Were Sold**

We have entered into a distribution agreement with our affiliate Talcott Resolution Distribution Company, Inc. ("TDC") under which TDC serves as the principal underwriter for the Contracts. TDC is registered with the Securities and Exchange Commission under the 1934 Act as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA). The principal business address of TDC is the same as ours.

TDC has entered into selling agreements with affiliated and unaffiliated broker-dealers, and financial institutions ("Financial Intermediaries") for the sale of the Contracts. We pay compensation to TDC for sales of the Contracts by Financial Intermediaries. TDC, in its role as principal underwriter, did not retain any underwriting commissions for the fiscal year ended December 31, 2025. Contracts were sold by individuals who were appointed by us as insurance agents and who were investment professionals of Financial Intermediaries.

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Class B and I share Contracts may have been sold directly to the following individuals free of any commission: 1) our current or retired officers, directors, trustees and employees (and their families) and our corporate parent; and 2) employees and investment professionals of Financial Intermediaries. If applicable, we may have credited the Class B share Contract with a credit of 5.0% of the initial Deposit and each subsequent Deposit, if any. This additional percentage of Deposit in no way affects current or future charges, rights, benefits or account values of other Owners.<br>The financial advisory arrangement otherwise required in order to purchase Class I share Contracts shall not be applicable to the Personal Retirement Manager variable annuities bought by any of our current or retired officers, directors, trustees and employees or those of our corporate parent.<br>This prospectus does not constitute personalized investment or financial planning advice or a recommendation to purchase this or any other variable annuity. We reserve the right to modify, suspend, or terminate these privileges at any time.<br>

We list below types of arrangements that helped to incentivize sales people to sell our suite of variable annuities. Not all arrangements necessarily affected each variable annuity. These types of arrangements could be viewed as creating conflicts of interest.

Financial Intermediaries receive commissions (described below under "Commissions"). Certain selected Financial Intermediaries also receive additional compensation (described below under "Additional Payments"). All or a portion of the payments we make to Financial Intermediaries may be passed on to investment professionals according to a Financial Intermediary's internal compensation practices.

Affiliated broker-dealers also employed individuals called wholesalers in the sales process. Wholesalers typically receive commissions based on the type of Contract or optional benefits sold. Commissions based on a specified amount of Deposits or Total Balance.

• **Commissions**

Up front commissions paid to Financial Intermediaries generally range from 0% to up to 7.5% of each Deposit. Trail commissions (fees paid for customers that maintain their Contracts generally for more than 1 year) range up to 1% of your Total Balance. We pay no additional commissions with respect to assets moved from the Personal Pension Account to Sub-Accounts or the FAF. We pay different commissions based on the Contract variation. We may pay a lower commission for sales to people over age 80.

Commission arrangements vary from one Financial Intermediary to another. We are not involved in determining your investment professional's compensation. Under certain circumstances, your investment professional may be required to return all or a portion of the commissions paid.

Check with your investment professional to verify whether your account is a brokerage or an advisory account. Your interests may differ from ours and your investment professional (or the Financial Intermediary with which they are associated). Please ask questions to make sure you understand your rights and any potential conflicts of interest. If you are an advisory client, your investment professional (or the Financial Intermediary with which they are associated) can be paid both by you and by us based on what you buy. Therefore, profits, and your investment professional's (or their Financial Intermediary's) compensation, may vary by product and over time. Contact an appropriate person at your Financial Intermediary with whom you can discuss these differences.

If you enter into an agreement for investment advisory services for your Contract with a financial intermediary who acts as an investment adviser and charges you an advisory fee for their services, you pay that advisory fee under your agreement with the financial intermediary. We do not intend to pay Sales Commissions to financial intermediaries who receive investment advisory fees from Contract Owners because such financial intermediaries receive compensation in connection with the Contract in the form of those advisory fees.

• **Additional Payments**

Subject to FINRA, Financial Intermediary and insurance rules, we also pay the following types of fees to among other things encourage the sale of this Contract and/or to provide in force Contract Owner support. These additional payments could create an incentive for your investment professional, and the Financial Intermediary with which they are associated, to recommend products that pay them more than others, which may not necessarily be to your benefit. In addition, some Financial Intermediaries may make a profit from fees received for in force Contract Owner support.

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| | |
|:---|:---|
| **Additional<br>Payment Type** | **What it's used for** |
| Access | Access to investment professionals and/or Financial Intermediaries such as one-on-one wholesaler visits or attendance at national sales meetings or similar events. |
| Gifts & Entertainment | Occasional meals and entertainment, tickets to sporting events and other gifts. |
| Marketing | Joint marketing campaigns and/or Financial Intermediary event advertising/participation; sponsorship of Financial Intermediary sales contests and/or promotions in which participants (including investment professionals) receive prizes such as travel awards, merchandise and recognition; client generation expenses. |

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| | |
|:---|:---|
| Marketing Expense<br>Allowance | Pay Fund related parties for wholesaler support, training and marketing activities for certain Funds. |
| In force Contract Owner <br>Support | Support through such things as providing hardware and software, operational and systems integration, links to our website from a Financial Intermediary's websites; shareholder services. |
| Training | Educational (due diligence), sales or training seminars, conferences and programs, sales and service desk training. |
| Volume | Pay for the overall volume of their sales or the amount of money investing in our products. |

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During 2025, we made Additional Payments to the following Financial Intermediaries for our entire suite of variable annuities pursuant to contractual arrangements: LPL Financial Corporation, and Morgan Stanley Smith Barney, LLC, (various divisions and affiliates).

Inclusion on this list does not imply that these sums necessarily constitute "special cash compensation" as defined by FINRA Conduct Rule 2830(l)(4). We will endeavor to update this listing annually and interim arrangements may not be reflected. We assume no duty to notify any investor whether their investment professional is or should be included in any such listing.

For the fiscal year ended December 31, 2025, Additional Payments did not in the aggregate exceed approximately $4.2 million or approximately 0.02% of average total individual variable annuity assets.

**d. Financial Statements**

Financial statements for the Company and the Separate Account are hereby incorporated by reference into the Statement of Additional Information. To receive a copy of the Statement of Additional Information free of charge, call your investment professional or contact us. The back cover page of this prospectus includes instructions on how to request a Statement of Additional Information from us.

**e. Cybersecurity and Disruptions to Business Operations**

Our business is highly dependent upon the effective operation of our computer systems and those of our business partners and service providers. Our business is therefore subject to disruption from utility outages as well as operational and information security risks. These risks include, among other things, the theft, misuse, corruption, and destruction of electronic data; interference with or denial of service; attacks on systems or websites; and unauthorized release of confidential customer or business information. Systems failures and cybersecurity incidents could severely impede our ability to conduct our business and administer the Contract and may adversely affect you and/or your Contract. For instance, a cybersecurity incident may interfere with our ability to process Contract transactions or calculate Contract values, including Accumulation Unit values. Such events could also adversely affect us, as they may result in regulatory fines, financial losses, and reputational damage. Cybersecurity incidents may also impact the issuers of securities in which the underlying funds invest, which may cause the funds underlying your Contract to lose value. Financial services companies, such as us, are increasingly the targets of cyber-attacks. While we take significant efforts to protect our systems and data, there can be no assurance that systems disruptions and cybersecurity incidents will always be detected, prevented, or avoided in the future. The risk of cyber-attacks may be higher during periods of geopolitical turmoil (such as the Russian invasion of Ukraine and the responses by the United States and other governments, and the recent military conflict between the United States and Iran.

We are also exposed to risks related to natural and man-made disasters, and other severe events, such as storms, public health crises, terrorist acts, and military actions, any of which could adversely affect our business operations. While we have a business continuity plan and have taken precautions, we cannot assure you that severe events will not result in interruptions to our business operations, particularly if such events affect our computer systems. Interruptions to our business operations may impair our ability to effectively administer the Contract, including our ability to process orders and calculate Contract values. Additionally, our third-party service providers and other third parties related to our business (such as financial intermediaries or underlying funds) are subject to similar risks. Successful implementation and execution of their business continuity policies and procedures are largely beyond our control. Disruptions to their business operations may impair our own business operations.

**13. Federal Tax Considerations** 

**A. Introduction** 

The following summary of tax rules does not provide or constitute any tax advice. It provides only a general discussion of certain of the expected federal income tax consequences with respect to amounts contributed to, invested in or received from a Contract, based on our understanding of the existing provisions of the Internal Revenue Code ("Code"), Treasury Regulations thereunder, and public interpretations thereof by the Internal Revenue Service ("IRS") (e.g., Revenue Rulings, Revenue Procedures or Notices) or by published court decisions. This summary discusses only certain federal income tax consequences to United States Persons, and does not discuss state, local or foreign tax consequences.

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The term United States Persons means citizens or residents of the United States, domestic corporations, domestic partnerships, trust or estates that are subject to United States federal income tax, regardless of the source of their income. See "Nonresident Aliens and Foreign Entities" below regarding annuity purchases by, or payments to, non-U.S. persons. Pursuant to IRS Circular 230, you are hereby notified of the following: The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of insurance products. You should seek advice based on your particular circumstances from an independent tax advisor. **This prospectus is not intended to provide tax, accounting or legal advice. Please consult with your tax accountant or attorney prior to finalizing or implementing any tax or legal strategy or for any tax, accounting or legal advice concerning your situation.** 

We do not make any guarantee or representation regarding any tax status (e.g., federal, state, local or foreign) of any Contract or any transaction involving a Contract. In addition, there is always a possibility that the tax treatment of an annuity contract could change by legislation or other means (such as regulations, rulings or judicial decisions). Moreover, it is always possible that any such change in tax treatment could be made retroactive (that is, made effective prior to the date of the change). Accordingly, you should consult a qualified tax adviser for complete information and advice before purchasing a Contract.

In addition, although this discussion addresses certain tax consequences if you use the Contract in various arrangements, including Charitable Remainder Trusts, tax-qualified retirement arrangements, deferred compensation plans, split-dollar insurance arrangements, or other employee benefit arrangements, this discussion is not exhaustive. The tax consequences of any such arrangement may vary depending on the particular facts and circumstances of each individual arrangement and whether the arrangement satisfies certain tax qualification or classification requirements. In addition, the tax rules affecting such an arrangement may have changed recently, e.g., by legislation or regulations that affect compensatory or employee benefit arrangements. Therefore, if you are contemplating the use of a Contract in any arrangement the value of which to you depends in part on its tax consequences, you should consult a qualified tax adviser regarding the tax treatment of the proposed arrangement and of any Contract used in it.

As used in the following sections addressing "Federal Tax Considerations," the term "spouse" means the person to whom you are legally married, as determined under federal tax law. This may include opposite or same-sex spouses, but does not include those in domestic partnerships or civil unions which are not recognized as married for federal tax purposes. You are encouraged to consult with an accountant, lawyer or other qualified tax advisor about your own situation. Although some sections below discuss certain tax considerations in connection with contract loans, this is provided as general information only. Please refer to your contract to determine if your contract contains a loan provision.

**THE DISCUSSION SET FORTH BELOW IS INCLUDED FOR GENERAL PURPOSES ONLY. SPECIAL TAX RULES MAY APPLY WITH RESPECT TO CERTAIN SITUATIONS THAT ARE NOT DISCUSSED HEREIN. EACH POTENTIAL PURCHASER OF A CONTRACT IS ADVISED TO CONSULT WITH A QUALIFIED TAX ADVISER AS TO THE CONSEQUENCES OF ANY AMOUNTS INVESTED IN A CONTRACT UNDER APPLICABLE FEDERAL, STATE, LOCAL OR FOREIGN TAX LAW.** 

**B. Taxation of the Company and the Separate Account** 

The Company is taxed as a life insurance company under Subchapter L of Chapter 1 of the Code. We will own the assets underlying the Contracts. The income earned on such assets will be our income.

The Separate Account is taxed as part of the Company. Accordingly, the Separate Account will not be taxed as a "regulated investment company" under Subchapter M of Chapter 1 of the Code. Investment income and any realized capital gains on assets of the Separate Account are reinvested and taken into account in determining the value of the Accumulation and Annuity Units. As a result, such investment income and realized capital gains are automatically applied to increase reserves under the Contract.

Currently, no taxes are due on interest, dividends and short-term or long-term capital gain earned by the Separate Account with respect to the Contracts. The Company is entitled to certain tax benefits related to the investment of company assets, including assets of the Separate Account. These tax benefits, which include the foreign tax credit and the corporate dividends received deduction, are not passed back to you since the Company is the owner of the assets from which the tax benefits are derived.

**C. &nbsp;&nbsp;&nbsp;&nbsp;Taxation of Annuities — General Provisions Affecting Contracts Not Held in Tax-Qualified Retirement Plans** 

Section 72 of the Code governs the taxation of annuities in general.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. &nbsp;&nbsp;&nbsp;&nbsp;Non-Natural Persons as Owners** 

If a non-natural person (e.g., a corporation or a trust) owns a Non- Qualified Contract, the taxpayer generally must include in income any increase in the excess of the account value over the investment in the Contract (generally, the premiums or other consideration paid for the contract) during the taxable year. There are some exceptions to this rule and a prospective owner that is not a natural person should discuss these with a tax adviser.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. &nbsp;&nbsp;&nbsp;&nbsp;Other Contract Owners (Natural Persons).** 

A Contract Owner is not taxed on increases in the value of the Contract until an amount is received or deemed received, e.g., in the form of a lump sum payment (full or partial value of a Contract) or as Annuity payments under the settlement option elected.

The provisions of Section 72 of the Code concerning distributions are summarized briefly below. Also summarized are special rules affecting distributions from Contracts obtained in a tax-free exchange for other annuity contracts or life insurance contracts which were purchased prior to August 14, 1982. For tax years beginning after December 31, 2012, individuals with gross income from annuities may be subject to an additional tax (Unearned Income Medicare Contribution) of 3.8%, depending upon exceeding certain income thresholds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a. &nbsp;&nbsp;&nbsp;&nbsp;Amounts Received as an Annuity** 

Contract payments made periodically at regular intervals over a period of more than one full year, such that the total amount payable is determinable from the start ("amounts received as an annuity") are includable in gross income to the extent the payments exceed the amount determined by the application of the ratio of the allocable "investment in the contract" to the total amount of the payments to be made after the start of the payments (the "exclusion ratio") under Section 72 of the Code. Total premium payments less amounts received which were not includable in gross income equal the "investment in the contract." The start of the payments may be the Annuity Commencement Date, or may be an annuity starting date assigned should any portion less than the full Contract be converted to periodic payments from the Contract (Annuity Payouts).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.When the total of amounts excluded from income by application of the exclusion ratio is equal to the allocated investment in the contract for the Annuity Payout, any additional payments (including surrenders) will be entirely includable in gross income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.To the extent that the value of the Contract (ignoring any surrender charges, if applicable, except on a full surrender) exceeds the "investment in the contract," such excess constitutes the "income on the contract". It is unclear what value should be used in determining the "income on the contract." We believe that the "income on the contract" does not include some measure of the value of certain future cash-value type benefits, but the IRS could take a contrary position and include such value in determining the "income on the contract".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.Under Section 72(a)(2) of the Code, if any amount is received as an annuity (i.e., as one of a series of periodic payments at regular intervals over more than one full year) for a period of 10 or more years, or during one or more lives, under any portion of an annuity, endowment, or life insurance contract, then that portion of the contract shall be treated as a separate contract with its own annuity starting date (otherwise referred to as a partial annuitization of the contract). This assigned annuity starting date for the new separate contract can be different from the original Annuity Commencement Date for the Contract. Also, for purposes of applying the exclusion ratio for the amounts received under the partial annuitization, the investment in the contract before receiving any such amounts shall be allocated pro rata between the portion of the Contract from which such amounts are received as an annuity and the portion of the Contract from which amounts are not received as an annuity. These provisions apply to payments received in taxable years beginning after December 31, 2010.

We believe that Personal Pension Account Payouts are partial annuitizations of the Contract, and that an equitable allocation of the investment in the contract would be in proportion to the estimated fair market values of the portions of the Contract.

When annuitization of the Personal Pension Account has occurred, your Benefit Balance will be calculated by using an actuarial present value formula.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b. &nbsp;&nbsp;&nbsp;&nbsp;Amounts Not Received as an Annuity** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.To the extent that the "cash value" of the Contract (ignoring any surrender charges, if applicable, except on a full surrender) exceeds the "investment in the contract," such excess constitutes the "income on the contract."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.Any amount received or deemed received prior to the Annuity Commencement Date (e.g., upon a withdrawal or partial surrender), which is non-periodic and not part of a partial annuitization, is deemed to come first from any such "income on the contract" and then from "investment in the contract," and for these purposes such "income on the contract" is computed by reference to the aggregation rule described in subparagraph 2.c. below. As a result, any such amount received or deemed received (1) shall be includable in gross income to the extent that such amount does not exceed any such "income on the contract," and (2) shall not be includable in gross income to the extent that such amount does exceed any such "income on the contract." If at the time that any amount is received or deemed received there is no "income on the contract" (e.g., because the gross value of the Contract does not exceed the "investment in the contract,"

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and no aggregation rule applies), then such amount received or deemed received will not be includable in gross income, and will simply reduce the "investment in the contract."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii.Generally, non-periodic amounts received or deemed received after the Annuity Commencement Date (or after the assigned annuity starting date for a partial annuitization) are not entitled to any exclusion ratio and shall be fully includable in gross income. However, upon a full surrender after such date, only the excess of the amount received (after any surrender charge, if applicable) over the remaining "investment in the contract" shall be includable in gross income (except to the extent that the aggregation rule referred to in the next subparagraph 2.c. may apply).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv.The receipt of any amount as a loan under the Contract or the assignment or pledge of any portion of the value of the Contract shall be treated as an amount received for purposes of this subparagraph 2.b. and the previous subparagraph 2.a.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v.In general, the transfer of the Contract, without full and adequate consideration, will be treated as an amount received for purposes of this subparagraph 2.b. and the previous subparagraph 2.a. This transfer rule does not apply, however, to certain transfers of property between Spouses or incident to divorce.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi.In general, any amount actually received under the Contract as a Death Benefit, including an optional Death Benefit, if any, will be treated as an amount received for purposes of this subparagraph 2.b. and the previous subparagraph 2.a.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii.If you receive services for your Contract from a third-party financial intermediary who charges an advisory fee for their services and you elect to pay the advisory fee by taking withdrawals from your Contract Value, any amounts paid may be treated as an amount received for purposes of this subparagraph 2.b. and the previous subparagraph 2.a. and in general may be subject to federal and state income taxes and a 10% federal penalty tax.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c. &nbsp;&nbsp;&nbsp;&nbsp;Aggregation of Two or More Annuity Contracts.** 

Contracts issued after October 21, 1988 by the same insurer (or affiliated insurer) to the same owner within the same calendar year (other than certain contracts held in connection with tax-qualified retirement arrangements) will be aggregated and treated as one annuity contract for the purpose of determining the taxation of distributions prior to the Annuity Commencement Date. An annuity contract received in a tax-free exchange for another annuity contract or life insurance contract may be treated as a new contract for this purpose.

We believe that for any Contracts subject to such aggregation, the values under the Contracts and the investment in the contracts will be added together to determine the taxation under subparagraph 2.b., above, of amounts received or deemed received prior to the Annuity Commencement Date. Withdrawals will be treated first as withdrawals of income until all of the income from all such Contracts is withdrawn.

In addition, the Treasury Department has specific authority under the aggregation rules in Code Section 72(e)(12) to issue regulations to prevent the avoidance of the income-out-first rules for non-periodic distributions through the serial purchase of annuity contracts or otherwise. As of the date of this prospectus, there are no regulations interpreting these aggregation provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d. &nbsp;&nbsp;&nbsp;&nbsp;10% Penalty Tax — Applicable to Certain Withdrawals and Annuity Payments.** 

i.If any amount is received or deemed received on the Contract (before or after the Annuity Commencement Date), the Code applies a penalty tax equal to ten percent of the portion of the amount includable in gross income, unless an exception applies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The 10% penalty tax will not apply to the following distributions:

&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. Distributions made on or after the date the recipient has attained the age of 59½.

&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. Distributions made on or after the death of the holder or, where the holder is not an individual, the death of the primary annuitant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Distributions attributable to a recipient becoming disabled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. A distribution that is part of a scheduled series of substantially equal periodic payments (not less frequently than annually) for the life (or life expectancy) of the recipient (or the joint lives or life expectancies of the recipient and the recipient's designated Beneficiary).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Distributions made under certain annuities issued in connection with structured settlement agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Distributions of amounts which are allocable to the "investment in the contract" prior to August 14, 1982 (see next subparagraph e.).

&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. Distributions purchased by an employer upon termination of certain qualified plans and held by the employer until the employee separates from service.

If the taxpayer avoids this 10% penalty tax by qualifying for the substantially equal periodic payments exception and later such series of payments is modified (other than by death or disability), the 10% penalty tax will be applied <u>retroactively to all</u> 

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<u>the prior periodic payments</u> (i.e., penalty tax plus interest thereon), unless such modification is made after both (a) the taxpayer has reached age 59½ and (b) 5 years have elapsed since the first of these periodic payments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e. &nbsp;&nbsp;&nbsp;&nbsp;Required Distributions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. &nbsp;&nbsp;&nbsp;&nbsp;Death of Contract Owner or Primary Annuitant

Subject to the alternative election or Spouse beneficiary provisions in ii or iii below:

&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. &nbsp;&nbsp;&nbsp;&nbsp;If any Contract Owner dies on or after the Annuity Commencement Date and before the entire interest in the Contract has been distributed, the remaining portion of such interest shall be distributed at least as rapidly as under the method of distribution being used as of the date of such death;

&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. &nbsp;&nbsp;&nbsp;&nbsp;If any Contract Owner dies before the Annuity Commencement Date, the entire interest in the Contract shall be distributed within 5 years after such death; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. &nbsp;&nbsp;&nbsp;&nbsp;If the Contract Owner is not an individual, then for purposes of 1. or 2. above, the primary annuitant under the Contract shall be treated as the Contract Owner, and any change in the primary annuitant shall be treated as the death of the Contract Owner. The primary annuitant is the individual, the events in the life of whom are of primary importance in affecting the timing or amount of the payout under the Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. &nbsp;&nbsp;&nbsp;&nbsp;Alternative Election to Satisfy Distribution Requirements

&nbsp;&nbsp;&nbsp;&nbsp;If any portion of the interest of a Contract Owner described in i. above is payable to or for the benefit of a designated beneficiary, such beneficiary may elect to have the portion distributed over a period that does not extend beyond the life or life expectancy of the beneficiary. Such distributions must begin within a year of the Contract Owner's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. &nbsp;&nbsp;&nbsp;&nbsp;Spouse Beneficiary

&nbsp;&nbsp;&nbsp;&nbsp;If any portion of the interest of a Contract Owner is payable to or for the benefit of his or her Spouse, and the Annuitant or Contingent Annuitant is living, such Spouse shall be treated as the Contract Owner of such portion for purposes of section i. above. This Spousal Contract continuation shall apply only once for this Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. &nbsp;&nbsp;&nbsp;&nbsp;Civil Union or Domestic Partner

&nbsp;&nbsp;&nbsp;&nbsp;Upon the death of the Contract Owner prior to the Annuity Commencement Date, if the designated beneficiary is the surviving civil union or domestic partner of the Contract Owner, rather than the spouse of the Contract Owner, then such designated beneficiary is not permitted to continue the Contract as the succeeding Contract Owner. A designated beneficiary who is a same sex spouse will be permitted to continue the Contract as the succeeding Contract Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**f. &nbsp;&nbsp;&nbsp;&nbsp;Addition of Rider or Material Change.** 

The addition of a rider to the Contract, or a material change in the Contract's provisions, could cause it to be considered newly issued or entered into for tax purposes, and thus could cause the Contract to lose certain grandfathered tax status. Please contact your tax adviser for more information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**g. &nbsp;&nbsp;&nbsp;&nbsp;Partial Exchanges.** 

The owner of an annuity contract can direct its insurer to transfer a portion of the contract's cash value directly to another annuity contract (issued by the same insurer or by a different insurer), and such a direct transfer can qualify for tax-free exchange treatment under Code Section 1035 (a "partial exchange"). The IRS in Revenue Procedure 2011-38, indicated that a partial exchange made on or after October 24, 2011 will be treated as a tax-free exchange under Code Section 1035 if there is no distribution from or surrender of, either contract involved in the exchange within 180 days of such exchange. Amounts received as annuity payments for a period of at least 10 years on one or more lives will not be treated as distributions for this purpose. If a transfer does not meet the 180-day test, the IRS will apply general tax rules to determine the substance and treatment of the transfer.

We advise you to consult with a qualified tax adviser as to the potential tax consequences before attempting any partial exchanges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. &nbsp;&nbsp;&nbsp;&nbsp;Diversification Requirements.** 

The Code requires that investments supporting your Contract be adequately diversified. Code Section 817(h) provides that a variable annuity contract will not be treated as an annuity contract for any period during which the investments made by the separate account or Fund are not adequately diversified. If a contract is not treated as an annuity contract, the contract owner will be subject to income tax on annual increases in cash value.

The Treasury Department's diversification regulations under Code Section 817(h) require, among other things, that:

• &nbsp;&nbsp;&nbsp;&nbsp;no more than 55% of the value of the total assets of the segregated asset account underlying a variable contract is represented by any one investment,

• &nbsp;&nbsp;&nbsp;&nbsp;no more than 70% is represented by any two investments,

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• &nbsp;&nbsp;&nbsp;&nbsp;no more than 80% is represented by any three investments and

• &nbsp;&nbsp;&nbsp;&nbsp;no more than 90% is represented by any four investments.

In determining whether the diversification standards are met, all securities of the same issuer, all interests in the same real property project, and all interests in the same commodity are each treated as a single investment. In the case of government securities, each government agency or instrumentality is treated as a separate issuer.

A separate account must be in compliance with the diversification standards on the last day of each calendar quarter or within 30 days after the quarter ends. If an insurance company inadvertently fails to meet the diversification requirements, the company may still comply within a reasonable period and avoid the taxation of contract income on an ongoing basis. However, either the insurer or the contract owner must agree to make adjustments or pay such amounts as may be required by the IRS for the period during which the diversification requirements were not met.

Shares of certain Hartford Funds may also be sold to tax-qualified plans pursuant to an exemptive order and applicable tax laws. If such Fund shares are sold to nonqualified plans, or to tax-qualified plans that later lose their tax-qualified status, the affected Funds may fail the diversification requirements of Code Section 817(h), which could have adverse tax consequences for Contract Owners with premiums allocated to affected Funds. In order to prevent a Fund diversification failure from such an occurrence, the Company obtained a private letter ruling ("PLR") from the IRS. As long as the Funds comply with certain terms and conditions contained in the PLR, Fund diversification will not be prevented if purported tax-qualified plans invest in the Funds. The Hartford Funds will monitor such Funds' compliance with the terms and conditions contained in the PLR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. &nbsp;&nbsp;&nbsp;&nbsp;Tax Ownership of the Assets in the Separate Account.** 

In order for a variable annuity contract to qualify for tax income deferral, assets in the separate account supporting the contract must be considered to be owned by the insurance company, and not by the contract owner, for tax purposes. The IRS has stated in published rulings that a variable contract owner will be considered the "owner" of separate account assets for income tax purposes if the contract owner possesses sufficient incidents of ownership in those assets, such as the ability to exercise investment control over the assets. In circumstances where the variable contract owner is treated as the "tax owner" of certain separate account assets, income and gain from such assets would be includable in the variable contract owner's gross income. The Treasury Department indicated in 1986 that it would provide guidance on the extent to which contract owners may direct their investments to particular Sub-Accounts without being treated as tax owners of the underlying shares. Although no such regulations have been issued to date, the IRS has issued a number of rulings that indicate that this issue remains subject to a facts and circumstances test for both variable annuity and life insurance contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5. Certain Tax Considerations for Full or Partial Settlement Payments from the Personal Pension Account**

Section 72(a)(2) of the Code for partial annuitizations provides direction on how Personal Pension Account Payouts should be treated for tax purposes, effective for payments received in taxable years beginning after December 31, 2010 (regardless of when the annuity was purchased). However, because there is yet to be guidance on the new provisions from the IRS, there is still some uncertainty as to how the partial annuitization provisions will be applied and we advise you to consult with a qualified tax adviser concerning such tax treatment before you deposit amounts into the Personal Pension Account or take a settlement for a Personal Pension Account Payout.

With respect to the Personal Pension Account, the Company plans to report any periodic payments under a settlement of the Personal Pension Account (Personal Pension Account Payouts) as amounts received as an annuity and a partial annuitization of the Contract, resulting in that portion of the Contract being treated as a separate contract for which an annuity starting date is assigned, a portion of the investment in the contract is allocated and an exclusion ratio is determined (discussed in subparagraph 2.a. above). Likewise, after December 31, 2010, the Company plans to report any continuing periodic settlement payments from the Personal Pension Account as amounts received as an annuity under a separate contract with an annuity starting date of January 1, 2010, for which a portion of the investment in the contract should be allocated and an exclusion ratio should be determined consistent with new Section 72(a)(2) of the Code (and discussed in subparagraph 2.a. above).

**D. &nbsp;&nbsp;&nbsp;&nbsp;Federal Income Tax Withholding** 

The portion of an amount received under a Contract that is taxable gross income to the Payee is also subject to federal income tax withholding, pursuant to Code Section 3405, which requires the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. &nbsp;&nbsp;&nbsp;&nbsp;Non-Periodic Distributions. The portion of a non-periodic distribution that is includable in gross income is subject to federal income tax withholding unless an individual elects not to have such tax withheld ("election out"). We will provide such an "election out" form at the time such a distribution is requested. If the necessary "election out" form is not submitted to us in a timely manner, generally we are required to withhold 10 percent of the includable amount of distribution and remit it to the IRS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. &nbsp;&nbsp;&nbsp;&nbsp;Periodic Distributions (payable over a period greater than one year). The portion of a periodic distribution that is includable in gross income is generally subject to federal income tax withholding according to current default

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methodology, unless the individual elects otherwise. An individual generally may elect out of such withholding, or elect to have income tax withheld at a different rate, by providing a completed election form. If the necessary "election out" forms are not submitted to us in a timely manner, we will withhold tax as if the recipient were single claiming zero exemptions, and remit this amount to the IRS.

Generally no "election out" is permitted if the distribution is delivered outside the United States and any possession of the United States.

Regardless of any "election out" (or any amount of tax actually withheld) on an amount received from a Contract, the Payee is generally liable for any failure to pay the full amount of tax due on the includable portion of such amount received. A Payee also may be required to pay penalties under estimated income tax rules, if the withholding and estimated tax payments are insufficient to satisfy the Payee's total tax liability.

**E. &nbsp;&nbsp;&nbsp;&nbsp;General Provisions Affecting Qualified Retirement Plans** 

The Contract may be used for a number of qualified retirement plans. If the Contract is being purchased with respect to some form of qualified retirement plan, please refer to the section entitled "Information Regarding Tax-Qualified Retirement Plans" for information relative to the types of plans for which it may be used and the general explanation of the tax features of such plans.

**F. &nbsp;&nbsp;&nbsp;&nbsp;Nonresident Aliens and Foreign Entities** 

The discussion above provides general information regarding U.S. federal income tax consequences to annuity purchasers that are U.S. persons (such as U.S. citizens or U.S. resident aliens). Purchasers (and payees such as a purchaser's beneficiary) that are not U.S. persons (such as a Nonresident Alien) will generally be subject to U.S. federal income tax and withholding on taxable annuity distributions at a 30% rate, unless a lower treaty rate applies and any required information and IRS tax forms (such as IRS Form W-8BEN) are submitted to us. If withholding tax applies, we are generally required to withhold tax at a 30% rate, or a lower treaty rate if applicable, and remit it to the IRS. Foreign entities (such as foreign corporations, foreign partnerships, or foreign trusts) must provide the appropriate IRS tax forms (such as IRS Form W-8BEN-E or other appropriate Form W-8). If required by law, we may withhold 30% from any taxable payment in accordance with applicable requirements such as The Foreign Account Tax Compliance Act (FATCA) and applicable regulations. An updated Form W-8 is generally required to be submitted every three years. Purchasers may also be subject to state premium tax, other state and/or municipal taxes, and taxes that may be imposed by the purchaser's country of citizenship or residence.

**G. &nbsp;&nbsp;&nbsp;&nbsp;Estate, Gift and Generation-Skipping Tax and Related Tax Considerations** 

While no attempt is being made to discuss in detail the Federal estate tax implications of the Contract, a purchaser should keep in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary who survives the decedent is included in the decedent's gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning advisor for more information.

Under certain circumstances, the Code may impose a generation-skipping ("GST") tax when all or part of an annuity contract is transferred to, or a death benefit is paid to, an individual two or more generations younger than the Owner. Regulations issued under the Code may require us to deduct the tax from your Contract, or from any applicable payment, and pay it directly to the IRS.

The federal estate tax, gift tax, and GST tax exemptions and maximum rates may be adjusted each year. The potential application of these taxes underscores the importance of seeking guidance from a qualified adviser to help ensure that your estate plan adequately addresses your needs and those of your beneficiaries under all possible scenarios.

**H. &nbsp;&nbsp;&nbsp;&nbsp;Transfers, Assignments or Exchange of a Contract** 

**A transfer or assignment of ownership of a Contract, the designation of an annuitant other than the owner, the selection of certain maturity dates, or the exchange of a Contract may result in certain tax consequences to you that are not discussed herein. An owner contemplating any such transfer, assignment or exchange, should consult a tax advisor as to the tax consequences**.

**Information Regarding Tax-Qualified Retirement Plans** 

This summary does not attempt to provide more than general information about the federal income tax rules associated with use of a Contract by a tax-qualified retirement plan. State income tax rules applicable to tax-qualified retirement plans often differ from federal income tax rules, and this summary does not describe any of these differences. Because of the complexity of the tax rules, owners, participants and beneficiaries are encouraged to consult their own tax advisors as to specific tax consequences.

The Contracts are available to a variety of tax-qualified retirement plans and arrangements (a "Qualified Plan" or "Plan"). Tax restrictions and consequences for Contracts or accounts under each type of Qualified Plan differ from each other and from those for Non-Qualified Contracts. In addition, individual Qualified Plans may have terms and conditions that impose

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additional rules. Therefore, no attempt is made herein to provide more than general information about the use of the Contract with the various types of Qualified Plans. Participants under such Qualified Plans, as well as Contract Owners, annuitants and beneficiaries, are cautioned that the rights of any person to any benefits under such Qualified Plans may be subject to terms and conditions of the Plans themselves or limited by applicable law, regardless of the terms and conditions of the Contract issued in connection therewith. Qualified Plans generally provide for the tax deferral of income regardless of whether the Qualified Plan invests in an annuity or other investment. You should consider if the Contract is a suitable investment if you are investing through a Qualified Plan.

*The following is only a general discussion about types of Qualified Plans for which the Contracts may be available. We are not the plan administrator for any Qualified Plan. The plan administrator or custodian, whichever is applicable, (but not us) is responsible for all Plan administrative duties including, but not limited to, notification of distribution options, disbursement of Plan benefits, handling any processing and administration of Qualified Plan loans, compliance with regulatory requirements and federal and state tax reporting of income/distributions from the Plan to Plan participants and, if applicable, beneficiaries of Plan participants and IRA contributions from Plan participants. Our administrative duties are limited to administration of the Contract and any disbursements of any Contract benefits to the Owner, annuitant or beneficiary of the Contract, as applicable. Our tax reporting responsibility is limited to federal and state tax reporting of income/distributions to the applicable payee and IRA contributions from the Owner of a Contract, as recorded on our books and records. If you are purchasing a Contract through a Qualified Plan, you should consult with your Plan administrator and/or a qualified tax adviser. You also should consult with a qualified tax adviser and/or Plan administrator before you withdraw any portion of your Contract Value.* 

The tax rules applicable to Qualified Contracts and Qualified Plans, including restrictions on contributions and distributions, taxation of distributions and tax penalties, vary according to the type of Qualified Plan, as well as the terms and conditions of the Plan itself. Various tax penalties may apply to contributions in excess of specified limits, plan distributions (including loans) that do not comply with specified limits, and certain other transactions relating to such Plans. Accordingly, this summary provides only general information about the tax rules associated with use of a Qualified Contract in such a Qualified Plan. In addition, some Qualified Plans are subject to distribution and other requirements that are not incorporated into our administrative procedures. Owners, participants, and beneficiaries are responsible for determining that contributions, distributions and other transactions comply with applicable tax (and non-tax) law and any applicable Qualified Plan terms. Because of the complexity of these rules, Owners, participants and beneficiaries are advised to consult with a qualified tax adviser as to specific tax consequences.

We do not currently offer the Contracts in connection with all of the types of Qualified Plans discussed below, and may not offer the Contracts for all types of Qualified Plans in the future.

**1. &nbsp;&nbsp;&nbsp;&nbsp;Individual Retirement Annuities ("IRAs").** 

In addition to "traditional" IRAs governed by Code Sections 408(a) and (b) ("Traditional IRAs"), there are Roth IRAs governed by Code Section 408A, SEP IRAs governed by Code Section 408(k), and SIMPLE IRAs governed by Code Section 408(p). Also, Qualified Plans under Code Section 401, 403(b) or 457(b) may elect to provide for a separate account or annuity contract that accepts after-tax employee contributions and is treated as a "Deemed IRA" under Code Section 408(q), which is generally subject to the same rules and limitations as Traditional IRAs. Contributions to each of these types of IRAs are subject to differing limitations. The following is a very general description of each type of IRA for which a Contract is available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*a. &nbsp;&nbsp;&nbsp;&nbsp;Traditional IRAs* 

Traditional IRAs are subject to limits on the amounts that may be contributed each year, the persons who may be eligible, and the time when minimum distributions must begin. Depending upon the circumstances of the individual, contributions to a Traditional IRA may be made on a deductible or non-deductible basis. Failure to take required minimum distributions ("RMDs") when the owner reaches their required beginning date (age 70½, 72, 73, or 75 depending on their date of birth) or dies, as described below, may result in imposition of a 25% (after 2022) or 50% (before 2023) additional tax on any excess of the RMD amount over the amount actually distributed. In addition, any amount received before the Owner reaches age 59½ or dies is subject to a 10% additional tax on premature distributions, unless an exception applies. Under Code Section 408(e), an IRA may not be used for borrowing (or as security for any loan) or in certain prohibited transactions, and such a transaction could lead to the complete tax disqualification of an IRA.

You (or your surviving spouse if you die) may rollover funds tax-free from certain existing Qualified Plans (such as proceeds from existing insurance contracts, annuity contracts or securities) into a Traditional IRA under certain circumstances, as indicated below. However, mandatory tax withholding of 20% may apply to any eligible rollover distribution from certain types of Qualified Plans if the distribution is not transferred directly to the Traditional IRA. In addition, under Code Section 402(c)(11) a non-spouse "designated beneficiary" of a deceased Plan participant may make a tax-free "direct rollover" (in the form of a direct transfer between Plan fiduciaries, as described below in "Rollover Distributions") from certain Qualified Plans to a Traditional IRA for such beneficiary, but such Traditional IRA must be designated and treated as an "inherited IRA" that remains subject to applicable RMD rules (as if such IRA had been inherited from the deceased Plan participant).

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IRAs generally may not invest in life insurance contracts. However, an annuity contract that is used as an IRA may provide a death benefit that equals the greater of the premiums paid or the contract's cash value. The Contract offers an enhanced death benefit that may exceed the greater of the Contract Value or total premium payments. The tax rules are unclear as to what extent an IRA can provide a death benefit that exceeds the greater of the IRA's cash value or the sum of the premiums paid and other contributions into the IRA. Please note that the IRA rider for the Contract has provisions that are designed to maintain the Contract's tax qualification as an IRA, and therefore could limit certain benefits under the Contract (including endorsement, rider or option benefits) to maintain the Contract's tax qualification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*b. &nbsp;&nbsp;&nbsp;&nbsp;SEP IRAs* 

Code Section 408(k) provides for a Traditional IRA in the form of an employer-sponsored defined contribution plan known as a Simplified Employee Pension ("SEP") or a SEP IRA. A SEP IRA can have employer contributions, and in limited circumstances employee and salary reduction contributions, as well as higher overall contribution limits than a Traditional IRA, but a SEP is also subject to special tax-qualification requirements (e.g., on participation, nondiscrimination and withdrawals) and sanctions. Otherwise, a SEP IRA is generally subject to the same tax rules as for a Traditional IRA, which are described above. Please note that the IRA rider for the Contract has provisions that are designed to maintain the Contract's tax qualification as an IRA, and therefore could limit certain benefits under the Contract (including endorsement, rider or option benefits) to maintain the Contract's tax qualification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*c. &nbsp;&nbsp;&nbsp;&nbsp;SIMPLE IRAs* 

The Savings Incentive Match Plan for Employees of small employers ("SIMPLE Plan") is a form of an employer-sponsored Qualified Plan that provides IRA benefits for the participating employees ("SIMPLE IRAs"). Depending upon the SIMPLE Plan, employers may make plan contributions into a SIMPLE IRA established by each eligible participant. Like a Traditional IRA, a SIMPLE IRA is subject to the 25% or 50% additional tax for failure to make a full RMD, and to the 10% additional tax on premature distributions, as described below. In addition, the 10% additional tax is increased to 25% for amounts received during the 2-year period beginning on the date you first participated in a qualified salary reduction arrangement pursuant to a SIMPLE Plan maintained by your employer under Code Section 408(p)(2). Contributions to a SIMPLE IRA may be either salary deferral contributions or employer contributions, and these are subject to different tax limits from those for a Traditional IRA. Please note that the SIMPLE IRA rider for the Contract has provisions that are designed to maintain the Contract's tax qualification as an SIMPLE IRA, and therefore could limit certain benefits under the Contract (including endorsement, rider or option benefits) to maintain the Contract's tax qualification.

A SIMPLE Plan may designate a single financial institution (a Designated Financial Institution) as the initial trustee, custodian or issuer (in the case of an annuity contract) of the SIMPLE IRA set up for each eligible participant. However, any such Plan also must allow each eligible participant to have the balance in his SIMPLE IRA held by the Designated Financial Institution transferred without cost or penalty to a SIMPLE IRA maintained by a different financial institution. Absent a Designated Financial Institution, each eligible participant must select the financial institution to hold his SIMPLE IRA, and notify his employer of this selection.

If we do not serve as the Designated Financial Institution for your employer's SIMPLE Plan, for you to use one of our Contracts as a SIMPLE IRA, you need to provide your employer with appropriate notification of such a selection under the SIMPLE Plan. If you choose, you may arrange for a qualifying transfer of any amounts currently held in another SIMPLE IRA for your benefit to your SIMPLE IRA with us.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*d. &nbsp;&nbsp;&nbsp;&nbsp;Roth IRAs* 

Code Section 408A permits eligible individuals to establish a Roth IRA. Contributions to a Roth IRA are not deductible, but withdrawals of amounts contributed and the earnings thereon that meet certain requirements are not subject to federal income tax. In general, Roth IRAs are subject to limitations on the amounts that may be contributed by the persons who may be eligible to contribute, certain Traditional IRA restrictions, and certain RMD rules on the death of the Contract Owner. Unlike a Traditional IRA, Roth IRAs are not subject to RMD rules during the Contract Owner's lifetime. Generally, however, upon the Owner's death the amount remaining in a Roth IRA must be distributed in accordance with rules similar to those of a traditional IRA. Prior to January 1, 2018, the Owner of a Traditional IRA or other qualified plan assets could recharacterize a Traditional IRA into a Roth IRA under certain circumstances. Effective January 1, 2018, a Traditional IRA or other qualified plan cannot be recharacterized as a Roth IRA. Tax-free rollovers from a Roth IRA can be made only to another Roth IRA under limited circumstances, as indicated below. After 2007, distributions from eligible Qualified Plans can be "rolled over" directly (subject to tax) into a Roth IRA under certain circumstances. Anyone considering the purchase of a Qualified Contract as a Roth IRA should consult with a qualified tax adviser. Please note that the Roth IRA rider for the Contract has provisions that are designed to maintain the Contract's tax qualification as a Roth IRA, and therefore could limit certain benefits under the Contract (including endorsement, rider or option benefits) to maintain the Contract's tax qualification.

**2. &nbsp;&nbsp;&nbsp;&nbsp;Qualified Pension or Profit-Sharing Plan or Section 401(k) Plan** 

Provisions of the Code permit eligible employers to establish a tax-qualified pension or profit sharing plan (described in Section 401(a), and Section 401(k) if applicable, and exempt from taxation under Section 501(a)). Such a Plan is subject to limitations on the amounts that may be contributed, the persons who may be eligible to participate, the amounts of

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"incidental" death benefits, and the time when RMDs must commence. In addition, a Plan's provision of incidental benefits may result in currently taxable income to the participant for some or all of such benefits. Amounts may be rolled over tax-free from a Qualified Plan to another Qualified Plan under certain circumstances, as described below. Anyone considering the use of a Qualified Contract in connection with such a Qualified Plan should seek competent tax and other legal advice.

In particular, please note that these tax rules provide for limits on death benefits provided by a Qualified Plan (to keep such death benefits "incidental" to qualified retirement benefits), and a Qualified Plan (or a Qualified Contract) often contains provisions that effectively limit such death benefits to preserve the tax qualification of the Qualified Plan (or Qualified Contract). In addition, various tax-qualification rules for Qualified Plans specifically limit increases in benefits once RMDs begin, and Qualified Contracts are subject to such limits. As a result, the amounts of certain benefits that can be provided by any option under a Qualified Contract may be limited by the provisions of the Qualified Contract or governing Qualified Plan that are designed to preserve its tax qualification.

**3. &nbsp;&nbsp;&nbsp;&nbsp;Tax Sheltered Annuity under Section 403(b) ("TSA")** 

Code Section 403(b) permits public school employees and employees of certain types of charitable, educational and scientific organizations described in Code Section 501(c)(3) to purchase a "tax-sheltered annuity" ("TSA") contract and, subject to certain limitations, exclude employer contributions to a TSA from such an employee's gross income. Generally, total contributions may not exceed the lesser of an annual dollar limit or 100% of the employee's "includable compensation" for the most recent full year of service, subject to other adjustments.

There are also legal limits on annual elective deferrals that a participant may be permitted to make under a TSA. In certain cases, such as when the participant is age 50 or older, those limits may be increased. A TSA participant should contact his plan administrator to determine applicable elective contribution limits. Special provisions may allow certain employees different overall limitations.

A TSA is subject to a prohibition against distributions from the TSA attributable to contributions made pursuant to a salary reduction agreement, unless such distribution is made:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. &nbsp;&nbsp;&nbsp;&nbsp;after the employee reaches age 59½;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. &nbsp;&nbsp;&nbsp;&nbsp;upon the employee's separation from service;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. &nbsp;&nbsp;&nbsp;&nbsp;upon the employee's death or disability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. &nbsp;&nbsp;&nbsp;&nbsp;in the case of hardship (as defined in applicable law and in the case of hardship, any income attributable to such contributions may not be distributed); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. &nbsp;&nbsp;&nbsp;&nbsp;as a qualified reservist distribution upon certain calls to active duty.

An employer sponsoring a TSA may impose additional restrictions on your TSA through its plan document.

Please note that the TSA rider for the Contract has provisions that are designed to maintain the Contract's tax qualification as a TSA, and therefore could limit certain benefits under the Contract (including endorsement, rider or optional benefits) to maintain the Contract's tax qualification. In particular, please note that tax rules provide for limits on death benefits provided by a Qualified Plan (to keep such death benefits "incidental" to qualified retirement benefits), and a Qualified Plan (or a Qualified Contract) often contains provisions that effectively limit such death benefits to preserve the tax qualification of the Qualified Plan (or Qualified Contract).

Amounts may be rolled over tax-free from a TSA to another TSA or Qualified Plan (or from a Qualified Plan to a TSA) under certain circumstances, as described below. However, effective for TSA contract exchanges after September 24, 2007, Reg. § 1.403(b)-10(b) allows a TSA contract of a participant or beneficiary under a TSA Plan to be exchanged tax-free for another eligible TSA contract under that same TSA Plan, but only if all of the following conditions are satisfied: (1) such TSA Plan allows such an exchange, (2) the participant or beneficiary has an accumulated benefit after such exchange that is no less than such participant's or beneficiary's accumulated benefit immediately before such exchange (taking into account such participant's or beneficiary's accumulated benefit under both TSA contracts immediately before such exchange), (3) the second TSA contract is subject to distribution restrictions with respect to the participant that are no less stringent than those imposed on the TSA contract being exchanged, and (4) the employer for such TSA Plan enters into an agreement with the issuer of the second TSA contract under which such issuer and employer will provide each other from time to time with certain information necessary for such second TSA contract (or any other TSA contract that has contributions from such employer) to satisfy the TSA requirements under Code Section 403(b) and other federal tax requirements (e.g., plan loan conditions under Code Section 72(p) to avoid deemed distributions). Such necessary information could include information about the participant's employment, information about other Qualified Plans of such employer, and whether a severance has occurred, or hardship rules are satisfied, for purposes of the TSA distribution restrictions. Consequently, you are advised to consult with a qualified tax advisor before attempting any such TSA exchange, particularly because it requires an agreement between the employer and issuer to provide each other with certain information. In addition, the same Regulation provides corresponding rules for a transfer from one TSA to another TSA under a different TSA Plan (e.g., for a different eligible employer). We are no longer accepting any incoming exchange request, or new contract application, for any individual TSA contract.

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**4. &nbsp;&nbsp;&nbsp;&nbsp;Deferred Compensation Plans under Section 457 ("Section 457 Plans")** 

Certain governmental employers, or tax-exempt employers other than a governmental entity, can establish a Deferred Compensation Plan under Code Section 457. For these purposes, a "governmental employer" is a State, a political subdivision of a State, or an agency or an instrumentality of a State or political subdivision of a State. A Deferred Compensation Plan that meets the requirements of Code Section 457(b) is called an "Eligible Deferred Compensation Plan" or "Section 457(b) Plan." Code Section 457(b) limits the amount of contributions that can be made to an Eligible Deferred Compensation Plan on behalf of a participant. Generally, the limitation on contributions is the lesser of (1) 100% of a participant's includible compensation or (2) the applicable dollar amount ($24,500 for 2026). The Plan may provide for additional "catch-up" contributions. Starting January 1, 2026 "catch-up" contributions may be required to be made on an after-tax basis. In addition, under Code Section 457(d) a Section 457(b) Plan may not make amounts available for distribution to participants or beneficiaries before (1) the calendar year in which the participant attains age 701⁄2, (2) the participant has a severance from employment (including death), (3) the participant is faced with an unforeseeable emergency (as determined in accordance with regulations), or (4) distributions made after 12/29/2025 for qualified long term care distributions as described in Code Section 401(a)(39).

Under Code Section 457(g) all of the assets and income of an Eligible Deferred Compensation Plan for a governmental employer must be held in trust for the exclusive benefit of participants and their beneficiaries. For this purpose, annuity contracts and custodial accounts described in Code Section 401(f) are treated as trusts. This trust requirement does not apply to amounts under an Eligible Deferred Compensation Plan of a tax-exempt (non-governmental) employer. In addition, this trust requirement does not apply to amounts held under a Deferred Compensation Plan of a governmental employer that is not a Section 457(b) Plan. However, where the trust requirement does not apply, amounts held under a Section 457 Plan must remain subject to the claims of the employer's general creditors under Code Section 457(b)(6).

**5. &nbsp;&nbsp;&nbsp;&nbsp;Taxation of Amounts Received from Qualified Plans** 

Except under certain circumstances in the case of Roth IRAs or Roth accounts in certain Qualified Plans, amounts received from Qualified Contracts or Plans generally are taxed as ordinary income under Code Section 72, to the extent that they are not treated as a tax-free recovery of after-tax contributions or other "investment in the contract." For annuity payments and other amounts received after the Annuity Commencement Date from a Qualified Contract or Plan, the tax rules for determining what portion of each amount received represents a tax-free recovery of "investment in the contract" are generally the same as for Non-Qualified Contracts, as described above. In many cases, the "investment in the contract" under a Qualified Contract can be zero.

In addition, additional taxes, mandatory tax withholding or rollover rules may apply to amounts received from a Qualified Contract or Plan, as indicated below, and certain exclusions may apply to certain distributions (e.g., distributions from an eligible Government Plan to pay qualified health insurance premiums of an eligible retired public safety officer). Accordingly, you are advised to consult with a qualified tax adviser before taking or receiving any amount (including a loan) from a Qualified Contract or Plan.

**6. &nbsp;&nbsp;&nbsp;&nbsp;Additional Taxes for Qualified Plans** 

Unlike Non-Qualified Contracts, Qualified Contracts are subject to federal additional taxes not just on premature distributions, but also on excess contributions and failures to take RMDs. Additional taxes on excess contributions can vary by type of Qualified Plan and which person made the excess contribution (e.g., employer or an employee). The additional taxes on premature distributions and failures to make timely RMDs are more uniform, and are described in more detail below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. &nbsp;&nbsp;&nbsp;&nbsp;Additional Taxes on Premature Distributions

Code Section 72(t) imposes a penalty income tax equal to 10% of the taxable portion of a distribution from certain types of Qualified Plans that is made before the employee reaches age 59½. However, this 10% additional tax does not apply to a distribution that is either:

&nbsp;&nbsp;&nbsp;&nbsp;(i)made to a beneficiary (or to the employee's estate) on or after the employee's death;

&nbsp;&nbsp;&nbsp;&nbsp;(ii)attributable to the employee's becoming disabled under Code Section 72(m)(7);

&nbsp;&nbsp;&nbsp;&nbsp;(iii)part of a series of substantially equal periodic payments (not less frequently than annually — "SEPPs") made for the life (or life expectancy) of the employee or the joint lives (or joint life expectancies) of such employee and a designated beneficiary ("SEPP Exception"), and for certain Qualified Plans (other than IRAs) such a series must begin after the employee separates from service;

&nbsp;&nbsp;&nbsp;&nbsp;(iv)(except for IRAs) made to an employee after separation from service after reaching age 55 (or made after age 50 in the case of a qualified public safety employee separated from certain government plans);

&nbsp;&nbsp;&nbsp;&nbsp;(v)(except for IRAs) made to an alternate payee pursuant to a qualified domestic relations order under Code Section 414(p) (a similar exception for IRAs in Code Section 408(d)(6) covers certain transfers for the benefit of a spouse or ex-spouse);

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&nbsp;&nbsp;&nbsp;&nbsp;(vi)not greater than the amount allowable as a deduction to the employee for eligible medical expenses during the taxable year;

&nbsp;&nbsp;&nbsp;&nbsp;(vii)certain qualified reservist distributions under Code Section 72(t)(2)(G) upon a call to active duty;

&nbsp;&nbsp;&nbsp;&nbsp;(viii)for the birth or adoption of a child under Code Section 72(t)(2)(H);

&nbsp;&nbsp;&nbsp;&nbsp;(ix)made an account of an IRS levy on the Qualified Plan under Code Section 72(t)(2)(A)(vii); or

&nbsp;&nbsp;&nbsp;&nbsp;(x)made as a "direct rollover" or other timely rollover to an Eligible Retirement Plan, as described below.

In addition, the 10% additional tax does not apply to a distribution from an IRA that is either:

&nbsp;&nbsp;&nbsp;&nbsp;(xi)made after separation from employment to an unemployed IRA owner for health insurance premiums, if certain conditions in Code Section 72(t)(2)(D) are met;

&nbsp;&nbsp;&nbsp;&nbsp;(xii)not in excess of the amount of certain qualifying higher education expenses, as defined by Code Section 72(t)(7);

&nbsp;&nbsp;&nbsp;&nbsp;(xiii)for a qualified first-time home buyer and meets the requirements of Code Section 72(t)(8);

&nbsp;&nbsp;&nbsp;&nbsp;(xiv)made after 12/31/2023 for certain emergency expenses pursuant to Code Section 72(t)(2)(I);

&nbsp;&nbsp;&nbsp;&nbsp;(xv)made after 12/31/2023 for domestic abuse cases pursuant to Code Section 72(t)(2)(K);

&nbsp;&nbsp;&nbsp;&nbsp;(xvi)for a terminally ill individual pursuant to Code Section 72(t)(2)(L);

&nbsp;&nbsp;&nbsp;&nbsp;(xvii)in connection with federally declared disasters pursuant to Code Section 72(t)(2)(M); or

&nbsp;&nbsp;&nbsp;&nbsp;(xviii)made after 12/29/2025 for qualified long term care distributions pursuant to Code Section 72(t)(2)(N).

If the taxpayer avoids this 10% additional tax by qualifying for the SEPP Exception and later such series of payments is modified (other than by death, disability or a method change allowed by Rev. Rul. 2002-62), the 10% additional tax will be applied retroactively to all the prior periodic payments (i.e., additional tax plus interest thereon), unless such modification is made after both (a) the employee has reached age 59½ and (b) 5 years have elapsed since the first of these periodic payments.

For any premature distribution from a SIMPLE IRA during the first 2 years that an individual participates in a salary reduction arrangement maintained by that individual's employer under a SIMPLE Plan, the 10% additional tax rate is increased to 25%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. &nbsp;&nbsp;&nbsp;&nbsp;RMDs and 25% or 50% Additional Tax

If the amount distributed from a Qualified Contract or Plan is less than the amount of the RMD for the year, the participant is subject to a 25% (after 2022) or 50% (before 2023) additional tax on the amount that has not been timely distributed.

An individual's interest in a Qualified Plan generally must be distributed, or begin to be distributed, not later than the Required Beginning Date. Generally, the Required Beginning Date is April 1 of the calendar year following the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the calendar year in which the individual attains:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Age 70½ for individuals who attain that age before 2020;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Age 72 for individuals who attain that age in 2020 through 2022;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Age 73 for individuals who attain that age in 2023 through 2032; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Age 75 for individuals who attain that age after 2032.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)Except in the case of an IRA or a 5% owner, as defined in the Code, the calendar year in which a participant retires from service with the employer sponsoring a Qualified Plan that allows such a later Required Beginning Date.

The entire interest of the individual must be distributed beginning no later than the Required Beginning Date over:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the life of such employee or over the lives of such employee and a designated beneficiary (as specified in the Code), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) over a period not extending beyond the life expectancy of such employee or the life expectancy of such employee and a designated beneficiary.

Different rules apply to beneficiaries if an individual died prior to 2020 or in 2020 and subsequent years.

(i)&nbsp;&nbsp;&nbsp;&nbsp;Individuals who died prior to 2020

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;If an individual dies before reaching the Required Beginning Date, the individual's entire interest generally must be distributed within 5 years after the individual's death. However, this RMD rule will be deemed satisfied if distributions begin before the close of the calendar year following the individual's death to a designated beneficiary and distribution is over the life of such designated beneficiary (or over a period not extending beyond the life expectancy of such beneficiary). If the individual's surviving spouse is the sole designated beneficiary, distributions may be delayed until the deceased individual would have attained their Required Beginning Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;If an individual dies after RMDs have begun for such individual, any remainder of the individual's interest generally must be distributed at least as rapidly as under the method of distribution in effect at the time of the individual's death.

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(ii)&nbsp;&nbsp;&nbsp;&nbsp;Individuals who die in 2020 and subsequent years

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;If an individual dies before reaching the Required Beginning Date, for eligible designated beneficiaries as defined in Code Section 401(a)(9)(E)(ii), the RMD rule will be deemed satisfied if distributions begin before the close of the calendar year following the individual's death to a designated beneficiary and distribution is over the life of such designated beneficiary (or over a period not extending beyond the life expectancy of such beneficiary). If the individual's surviving spouse is the sole designated beneficiary, distributions may be delayed until the deceased individual would have attained age their Required Beginning Date. For all other designated beneficiaries the individual's entire interest generally must be distributed by the end of the calendar year containing the tenth anniversary of the individual's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;If an individual dies after RMDs have begun for such individual, any remainder of the individual's interest generally must be distributed at least as rapidly as under the method of distribution in effect at the time of the individual's death, and if a designated beneficiary is not an eligible designated beneficiary must also be distributed by the end of the calendar year containing the tenth anniversary of the individual's death.

The RMD rules that apply while the Contract Owner is alive do not apply with respect to Roth IRAs. The RMD rules applicable after the death of the Owner apply to all Qualified Plans, including Roth IRAs. In addition, if the Owner of a Traditional or Roth IRA dies and the Owner's surviving spouse is the sole designated beneficiary, this surviving spouse may elect to treat the Traditional or Roth IRA as his or her own.

The RMD amount for each year is determined generally by dividing the account balance by the applicable life expectancy. This account balance is generally based upon the account value as of the close of business on the last day of the previous calendar year. RMD incidental benefit rules also may require a larger annual RMD amount, particularly when distributions are made over the joint lives of the Owner and an individual other than his or her spouse. RMDs also can be made in the form of annuity payments that satisfy the rules set forth in Regulations under the Code relating to RMDs.

In addition, in computing any RMD amount based on a contract's account value, such account value must include the actuarial value of certain additional benefits provided by the contract. As a result, electing an optional benefit under a Qualified Contract may require the RMD amount for such Qualified Contract to be increased each year, and expose such additional RMD amount to the 50% additional tax for RMDs if such additional RMD amount is not timely distributed.

**7. &nbsp;&nbsp;&nbsp;&nbsp;Tax Withholding for Qualified Plans** 

Distributions from a Qualified Contract or Qualified Plan generally are subject to federal income tax withholding requirements. These federal income tax withholding requirements, including any "elections out" and the rate at which withholding applies, generally are the same as for periodic and non-periodic distributions from a Non-Qualified Contract, as described above, except where the distribution is an "eligible rollover distribution" from a Qualified Plan (described below in "Rollover Distributions"). In the latter case, tax withholding is mandatory at a rate of 20% of the taxable portion of the "eligible rollover distribution," to the extent it is not directly rolled over to an IRA or other Eligible Retirement Plan (described below in "Rollover Distributions"). Payees cannot elect out of this mandatory 20% withholding in the case of such an "eligible rollover distribution."

Also, special withholding rules apply with respect to distributions from non-governmental Section 457(b) Plans, and to distributions made to individuals who are neither citizens nor resident aliens of the United States.

Regardless of any "election out" (or any actual amount of tax actually withheld) on an amount received from a Qualified Contract or Plan, the payee is generally liable for any failure to pay the full amount of tax due on the includable portion of such amount received. A payee also may be required to pay penalties under estimated income tax rules, if the withholding and estimated tax payments are insufficient to satisfy the payee's total tax liability.

**8. &nbsp;&nbsp;&nbsp;&nbsp;Rollover Distributions** 

"Eligible rollover distributions" from section 401(a), 403(a), 403(b), and governmental 457(b) plans are subject to a mandatory federal Income tax withholding of 20%. An eligible rollover distribution is any distribution to an employee (or employee' spouse or former spouse as beneficiary or alternate payee) from such a plan, except certain distributions such as distributions required by the Code, distributions in a specified annuity form, or hardship distributions. The 20% withholding does not apply, however, to nontaxable distributions or if (i) the employee (or employee's spouse or former spouse as beneficiary or alternate payee) chooses a "direct rollover" from the plan to a tax qualified plan, IRA, Roth IRA or tax sheltered annuity or to a governmental 457 plan that agrees to separately account for rollover contributions; or (ii) non-spouse beneficiary chooses a "direct rollover" from the plan to an IRA established by the direct rollover.

Eligible rollover distributions or distributions from an IRA that are rolled over an IRA within 60 days are not immediately taxable. An individual can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs that are owned. The limit will apply by aggregating all of an individual's IRAs, including SEP and SIMPLE IRAs as well as traditional and Roth IRAs, effectively treating them as one IRA for purposes of the limit. This limit does not apply to direct trustee-to-trustee transfers or conversions to Roth IRAs.

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**9. Certain Tax Considerations with the Personal Pension Account in Qualified Plans**&nbsp;&nbsp;&nbsp;&nbsp;

Because the IRS has published no authoritative guidance on the tax treatment of arrangements resembling the Personal Pension Account, there is necessarily some uncertainty as to how an annuity contract with a Personal Pension Account will be treated in different types of Qualified Plans, and we advise you to consult with a qualified tax adviser concerning such treatment before you deposit any amount into a Personal Pension Account that is held in any Qualified Plan.&nbsp;&nbsp;&nbsp;&nbsp;

Among such tax issues for you to consider with a qualified tax adviser in such a case are the following:&nbsp;&nbsp;&nbsp;&nbsp;

a.&nbsp;&nbsp;&nbsp;&nbsp;Any amounts received by you (or your payee) prior to your attaining age 59½ are generally subject to the additional tax on premature distributions described above, unless such an amount received can qualify for an exception from such a additional tax, e.g., scheduled payments that qualify for the SEPP Exception. In addition, any modification in payments qualifying for the SEPP Exception (e.g., by commutation) can have adverse additional tax consequences, as described above.

b.&nbsp;&nbsp;&nbsp;&nbsp;The tax rules for satisfying RMD requirements vary according to both the form of Qualified Plan (e.g., Traditional IRA or Roth IRA) and the form of payment (e.g., periodic annuity payout or non-periodic distribution from an account value). As a result, such variations should be considered when RMD amounts need to be taken. In addition, any modification in the form or amount of such payments (e.g., by commutation) could have adverse tax consequences, if such a modification does not satisfy an IRS-recognized RMD exception (e.g., for an acceleration or other change in periodic payments under Reg. § 1.401(a) (9)-6, Q&A-1 and Q&A-14).

c.&nbsp;&nbsp;&nbsp;&nbsp;Any attempt to transfer an amount from the Benefit Balance to Sub-Accounts or the FAF (if available) that exceeds the threshold for such a transfer will be treated by us as a form of annuitization distribution from the Personal Pension Account, and thus may not qualify as a tax-free direct transfer. Instead, such an attempted excess transfer could be treated for tax purposes as a potentially taxable distribution out of the entire annuity contract, followed by a contribution back into the same contract. While such a distribution from an IRA may qualify for 60-day rollover treatment (if it is not needed to satisfy RMD requirements), only one such tax-free 60-day rollover is allowed for any 365-day period for any individual from all of such individual's IRAs. Failing such tax-free rollover treatment, such a distribution could be subject to both income and additional tax, and any deemed contribution back into the contract may be subject to an excise tax on excess contributions. In addition, any such distribution from a non-IRA form of Qualified Plan may be subject to the 20% mandatory withholding tax, unless such distribution is a RMD or otherwise avoids classification as an "eligible rollover distribution," as described above.

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**Appendix A — Investment Options Available Under the Contract**

The following is a list of Funds available under the contract. More information about the Funds is available in the prospectuses for the Funds, which may be amended from time to time and can be found online at:

**Issued by Talcott Resolution Life Insurance Company:**

---

| | |
|:---|:---|
| **Class of Contract** | **Website Address** |
| Personal Retirement Manager Series III B Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y285 |
| Personal Retirement Manager Series IV C Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y343 |
| Personal Retirement Manager Series III L Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y335 |
| Huntington Personal Retirement Manager Series III B Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y293 |

---

**Issued by Talcott Resolution Life and Annuity Insurance Company:**

---

| | |
|:---|:---|
| **Class of Contract** | **Website Address** |
| Personal Retirement Manager Series III B Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A254 |
| Personal Retirement Manager Series IV C Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A288 |
| Personal Retirement Manager Series III I Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A262 |
| Personal Retirement Manager Series III L Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A270 |

---

Availability of Funds may vary by employer. Participants should reference their plan documents for a list of available Funds.

You can also request this information at no cost by calling 1-800-862-6668 or by sending an email request to asccontactus@cognisurance.com.

The availability of Contract benefits may vary depending on the broker-dealer through which the Contact is sold. See Appendix D - Financial Intermediary Variations for additional information.

Investment options available under your specific Contract version are listed in Appendix A.1.

The current expenses and performance information below reflects fee and expenses of the Funds, 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 Fund's past performance is not necessarily an indication of future performance. Depending on the optional benefits you choose, you may not be able to invest in certain investment options, as noted below under "Optional Rider Investment Restrictions."

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund and Adviser/Subadviser** | **Current<br>Expenses** | **Average Annual Total Returns<br>(as of 12/31/25)** | **Average Annual Total Returns<br>(as of 12/31/25)** | **Average Annual Total Returns<br>(as of 12/31/25)** |
| **Type** | **Fund and Adviser/Subadviser** | **Current<br>Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Allocation | AB VPS Balanced Hedged Allocation Portfolio - Class B<br>Adviser: AllianceBernstein, L.P. | 0.95%\* | 17.36% | 5.64% | 6.74% |
| U.S. Equity | AB VPS Discovery Value Portfolio - Class B<br>Adviser: AllianceBernstein, L.P. | 1.06% | 2.64% | 8.48% | 8.27% |
| Fixed Income | American Funds Capital World Bond Fund - Class 4<br>Adviser: Capital Research and Management Company | 0.98% | 9.03% | (2.76)% | 0.97% |
| International Equity | American Funds Capital World Growth and Income Fund - Class 4<br>Adviser: Capital Research and Management Company | 0.91%\* | 24.46% | 10.01% | 10.74% |
| International Equity | American Funds Global Small Capitalization Fund - Class 4<br>Adviser: Capital Research and Management Company | 1.15%\* | 14.33% | 0.23% | 6.96% |
| U.S. Equity | American Funds Growth Fund - Class 4<br>Adviser: Capital Research and Management Company | 0.83% | 19.93% | 13.09% | 17.67% |
| U.S. Equity | American Funds Growth-Income Fund - Class 4<br>Adviser: Capital Research and Management Company | 0.78% | 17.77% | 13.62% | 13.63% |
| International Equity | American Funds International Fund - Class 4<br>Adviser: Capital Research and Management Company | 0.97%\* | 26.41% | 3.14% | 6.73% |

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APP A-1

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund and Adviser/Subadviser** | **Current<br>Expenses** | **Average Annual Total Returns<br>(as of 12/31/25)** | **Average Annual Total Returns<br>(as of 12/31/25)** | **Average Annual Total Returns<br>(as of 12/31/25)** |
| **Type** | **Fund and Adviser/Subadviser** | **Current<br>Expenses** | **1 Year** | **5 Year** | **10 Year** |
| International Equity | American Funds New World Fund - Class 4<br>Adviser: Capital Research and Management Company | 1.07%\* | 27.93% | 5.06% | 8.98% |
| Fixed Income | American Funds The Bond Fund of America - Class 4<br>Adviser: Capital Research and Management Company | 0.72%\* | 6.98% | (0.38)% | 2.11% |
| U.S. Equity | American Funds Washington Mutual Investors Fund - Class 4<br>Adviser: Capital Research and Management Company | 0.75%\* | 16.90% | 13.60% | 12.08% |
| U.S. Equity | BlackRock Capital Appreciation V.I. Fund - Class III<br>Adviser: BlackRock Advisors, LLC | 1.04%\* | 11.77% | 10.50% | 15.32% |
| U.S. Equity | BlackRock Equity Dividend V.I. Fund - Class III<br>Adviser: BlackRock Advisors, LLC | 0.93%\* | 21.32% | 11.45% | 11.01% |
| Allocation | BlackRock Global Allocation V.I. Fund - Class III<br>Adviser: BlackRock Advisors, LLC | 1.01%\* | 19.51% | 5.51% | 7.33% |
| Allocation | BlackRock Managed Volatility V.I. Fund - Class III<br>Adviser: BlackRock Advisors, LLC<br>Subadviser: BlackRock International Limited Edinburgh, United Kingdom, BlackRock Asset Management North Asia Limited, Hong Kong, and BlackRock (Singapore) Limited, 079912 Singapore | 0.85%\* | 5.72% | 5.29% | 3.83% |
| U.S. Equity | BlackRock S&P 500 Index V.I. Fund - Class III<br>Adviser: BlackRock Advisors, LLC | 0.39% | 17.42% | 14.00% | 14.34% |
| U.S. Equity | ClearBridge Variable Mid Cap Portfolio - Class II<br>Adviser: Franklin Templeton Fund Adviser, LLC<br>Subadviser: ClearBridge Investments, LLC | 1.07% | 4.08% | 4.23% | 7.24% |
|  | *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |
| U.S. Equity | Fidelity® VIP Contrafund® Portfolio - Service Class 2<br>Adviser: Fidelity Management & Research Company (FMR)<br>Subadviser: FMR Co., Inc. (FMRC) and other investment advisers | 0.79% | 21.19% | 15.08% | 15.49% |
| U.S. Equity | Fidelity® VIP Mid Cap Portfolio - Service Class 2<br>Adviser: Fidelity Management & Research Company (FMR)<br>Subadviser: FMR Co., Inc. (FMRC) and other investment advisers | 0.80% | 11.49% | 9.83% | 10.31% |
| Fixed Income | Fidelity® VIP Strategic Income Portfolio - Service Class 2<br>Adviser: Fidelity Management & Research Company (FMR)<br>Subadviser: Fidelity Investments Money Management, Inc. (FIMM), FMR Co., Inc. (FMRC), FIL Investment Advisors (UK) Limited (FIA(UK)), and other investment advisers | 0.88% | 8.58% | 2.79% | 4.40% |
| Allocation | Franklin Income VIP Fund - Class 4<br>Adviser: Franklin Advisers, Inc.<br>Subadviser: Templeton Investment Counsel, LLC | 0.82% | 12.43% | 7.54% | 7.19% |
| International Equity | Franklin Mutual Global Discovery VIP Fund - Class 4<br>Adviser: Franklin Mutual Advisers, LLC<br>Subadviser: Franklin Templeton Investment Management Limited | 1.26% | 23.25% | 11.88% | 8.41% |
| Allocation | Franklin Mutual Shares VIP Fund - Class 4<br>Adviser: Franklin Mutual Advisers, LLC | 1.05% | 11.45% | 9.11% | 7.43% |
| U.S. Equity | Franklin Rising Dividends VIP Fund - Class 4<br>Adviser: Franklin Advisory Services, LLC | 0.99% | 11.66% | 9.38% | 11.98% |
| U.S. Equity | Franklin Small Cap Value VIP Fund - Class 2<br>Adviser: Franklin Advisory Services, LLC | 0.91%\* | 7.65% | 8.86% | 9.81% |
|  | *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |
| U.S. Equity | Franklin Small Cap Value VIP Fund - Class 4<br>Adviser: Franklin Advisory Services, LLC | 1.01%\* | 7.49% | 8.75% | 9.71% |
| Fixed Income | Franklin Strategic Income VIP Fund - Class 4<br>Adviser: Franklin Advisers, Inc. | 1.18%\* | 7.05% | 1.81% | 3.00% |
| Fixed Income | Franklin U.S. Government Securities VIP Fund - Class 2<br>Adviser: Franklin Advisers, Inc. | 0.79% | 6.69% | 0.02% | 1.14% |
|  | *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |
| U.S. Equity | Hartford Capital Appreciation HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | 0.92% | 13.42% | 9.68% | 11.64% |

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APP A-2

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund and Adviser/Subadviser** | **Current<br>Expenses** | **Average Annual Total Returns<br>(as of 12/31/25)** | **Average Annual Total Returns<br>(as of 12/31/25)** | **Average Annual Total Returns<br>(as of 12/31/25)** |
| **Type** | **Fund and Adviser/Subadviser** | **Current<br>Expenses** | **1 Year** | **5 Year** | **10 Year** |
| U.S. Equity | Hartford Disciplined Equity HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | 0.84% | 14.01% | 11.78% | 13.18% |
| U.S. Equity | Hartford Dividend and Growth HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | 0.91% | 17.19% | 12.41% | 12.20% |
| International Equity | Hartford International Opportunities HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | 1.01% | 30.06% | 6.60% | 7.86% |
| Fixed Income | Hartford Total Return Bond HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | 0.76% | 7.04% | (0.29)% | 2.49% |
| Fixed Income | Hartford Ultrashort Bond HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | 0.70% | 4.32% | 2.62% | 1.96% |
| Allocation | Invesco V.I. Balanced Risk Allocation Fund - Series II<br>Adviser: Invesco Advisers, Inc. | 1.13%\* | 8.69% | 2.27% | 4.91% |
| U.S. Equity | Invesco V.I. Core Equity Fund - Series II<br>Adviser: Invesco Advisers, Inc. | 1.05% | 15.89% | 12.52% | 11.46% |
| International Equity | Invesco V.I. EQV International Equity Fund - Series II<br>Adviser: Invesco Advisers, Inc. | 1.15% | 16.23% | 3.42% | 5.96% |
| Money Market | Invesco V.I. Government Money Market Fund - Series II\*\*<br>Adviser: Invesco Advisers, Inc. | 0.63% | 3.76% | 2.85% | 1.77% |
| Fixed Income | Invesco V.I. Government Securities Fund - Series II<br>Adviser: Invesco Advisers, Inc. | 0.95% | 6.95% | (0.22)% | 1.34% |
| Fixed Income | Invesco V.I. High Yield Fund - Series II<br>Adviser: Invesco Advisers, Inc. | 1.17% | 6.35% | 3.40% | 4.55% |
| U.S. Equity | Invesco V.I. Main Street Mid Cap Fund - Series II<br>Adviser: Invesco Advisers, Inc. | 1.19% | 8.97% | 8.83% | 9.08% |
| U.S. Equity | Invesco V.I. Small Cap Equity Fund - Series II<br>Adviser: Invesco Advisers, Inc. | 1.21% | 7.83% | 7.06% | 9.28% |
| Fixed Income | Lord Abbett Bond-Debenture Portfolio - Class VC<br>Adviser: Lord, Abbett & Co. LLC | 0.98% | 8.32% | 2.09% | 4.72% |
| U.S. Equity | Lord Abbett Fundamental Equity Portfolio - Class VC<br>Adviser: Lord, Abbett & Co. LLC | 1.08%\* | 14.29% | 11.36% | 9.75% |
| U.S. Equity | Lord Abbett Growth and Income Portfolio - Class VC<br>Adviser: Lord, Abbett & Co. LLC | 0.93% | 17.29% | 13.35% | 11.12% |
| U.S. Equity | LVIP American Century VP Mid Cap Value Fund - Service Class<br>Adviser: American Century Investment Management, Inc. | 0.86%\* | 8.83% | 8.72% | 8.96% |
| U.S. Equity | LVIP American Century VP Value Fund - Service Class<br>Adviser: American Century Investment Management, Inc. | 0.71%\* | 15.85% | 11.47% | 10.07% |
| U.S. Equity | MFS® Growth Series - Service Class<br>Adviser: Massachusetts Financial Services Company | 0.98%\* | 11.90% | 10.82% | 15.31% |
| U.S. Equity | MFS® New Discovery Series - Service Class<br>Adviser: Massachusetts Financial Services Company | 1.12%\* | 12.56% | (0.54)% | 10.46% |
| Fixed Income | MFS® Total Return Bond Series - Service Class<br>Adviser: Massachusetts Financial Services Company | 0.78%\* | 6.94% | (0.09)% | 2.38% |
| Allocation | MFS® Total Return Series - Service Class<br>Adviser: Massachusetts Financial Services Company | 0.86%\* | 10.92% | 6.16% | 7.36% |
| U.S. Equity | MFS® Value Series - Service Class<br>Adviser: Massachusetts Financial Services Company | 0.94%\* | 12.77% | 9.69% | 9.77% |
| Allocation | PIMCO All Asset Portfolio - Advisor Class<br>Adviser: Pacific Investment Management Company LLC<br>Subadviser: Research Affiliates | 2.23%\* | 14.19% | 5.49% | 6.67% |
| Allocation | PIMCO Global Managed Asset Allocation Portfolio - Advisor Class<br>Adviser: Pacific Investment Management Company LLC | 1.31%\* | 21.77% | 6.94% | 7.88% |
| International Equity | PIMCO StocksPLUS Global Portfolio - Advisor Class<br>Adviser: Pacific Investment Management Company LLC | 0.93%\* | 24.25% | 10.89% | 11.07% |

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APP A-3

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund and Adviser/Subadviser** | **Current<br>Expenses** | **Average Annual Total Returns<br>(as of 12/31/25)** | **Average Annual Total Returns<br>(as of 12/31/25)** | **Average Annual Total Returns<br>(as of 12/31/25)** |
| **Type** | **Fund and Adviser/Subadviser** | **Current<br>Expenses** | **1 Year** | **5 Year** | **10 Year** |
| U.S. Equity | Putnam VT Core Equity Fund - Class IB<br>Adviser: Putnam Investment Management, LLC<br>Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited | 0.92% | 16.81% | 15.96% | 15.20% |
| International Equity | Putnam VT Focused International Equity Fund - Class IB<br>Adviser: Putnam Investment Management, LLC<br>Subadviser: Franklin Advisers, Inc., Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC | 1.03%\* | 36.44% | 9.13% | 9.38% |
|  | *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |
| Allocation | Putnam VT Global Asset Allocation Fund - Class IB<br>Adviser: Franklin Advisers, Inc.<br>Subadviser: Putnam Investment Management, LLC, Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC | 1.09%\* | 14.38% | 8.39% | 8.43% |
|  | *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |
| Money Market | Putnam VT Government Money Market Fund - Class IB\*\*<br>Adviser: Franklin Advisers, Inc.<br>Subadviser: Putnam Investment Management, LLC and Franklin Templeton Investment Management Limited | 0.69% | 3.67% | 2.76% | 1.69% |
|  | *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |
| U.S. Equity | Putnam VT Large Cap Growth Fund - Class IB<br>Adviser: Putnam Investment Management, LLC<br>Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited | 0.88% | 14.34% | 13.44% | 17.67% |
| U.S. Equity | Putnam VT Large Cap Value Fund - Class IB<br>Adviser: Putnam Investment Management, LLC<br>Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited | 0.79% | 20.35% | 15.38% | 13.30% |
| U.S. Equity | Putnam VT Small Cap Growth Fund - Class IB<br>Adviser: Putnam Investment Management, LLC<br>Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited | 1.12%\* | 8.80% | 6.18% | 11.45% |
|  | *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |
| International Equity | Templeton Foreign VIP Fund - Class 4<br>Adviser: Templeton Investment Counsel, LLC | 1.18%\* | 28.97% | 8.14% | 5.64% |
| Fixed Income | Templeton Global Bond VIP Fund - Class 4<br>Adviser: Franklin Advisers, Inc. | 0.85%\* | 15.56% | (1.05)% | (0.25)% |
| International Equity | Templeton Growth VIP Fund - Class 4<br>Adviser: Templeton Global Advisors Limited | 1.22%\* | 23.71% | 7.84% | 6.93% |

---

\* As noted, annual expenses reflect a contractual fee reduction under an expense reimbursement or fee waiver arrangement.

\*\* In a low interest rate environment, yields for money market funds, after deduction of contract charges, may be negative even though the fund's yield, before deducting for such charges, is positive. If you allocate a portion of your Contact Value to a money market Sub-Account or participate in an Asset Allocation Program, if available, where Contract Value is allocated to a money market Sub-Account, that portion of the value of your Contract Value may decrease in value.

The following is a list of fixed options currently available under the Contract. We may change the features of the fixed options listed below, offer new fixed options, and terminate existing fixed options. We will provide you with written notice before doing so.

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| | | |
|:---|:---|:---|
| **Name** | **Term** | **Minimum Guaranteed Interest Rate** |
| Fixed Accumulation Feature | N/A | 1.5% |
| Personal Pension Account | N/A | 1.5% |

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APP A-4

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**Asset Allocation Models**

This section provides information about the asset allocation models (or Portfolio Planner Models) that may be available for participation under the contract. Models may not be available to you. You may be required to participate in a certain model depending on the optional benefits you have chosen. See "Optional Benefit Investment Restrictions" below.

You may participate in only one asset allocation model at a time. Your investments related to an asset allocation model will be rebalanced quarterly. For additional information, see "Static Asset Allocation Models" in the prospectus.

<u>Models Available For The Following Contracts:</u>

Personal Retirement Manager B-Share VA 3

Personal Retirement Manager C-Share VA 4

Huntington Personal Retirement Manager B-Share VA 3

Personal Retirement Manager I-Share VA 3

Personal Retirement Manager L-Share VA 3

<u>The Portfolio Planner Models</u>

The following model(s) (introduced as of May 2, 2022) are available for the Contract(s) listed above.

The percentage allocations below apply to value in the Sub-Accounts.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **2022<br>Series 113** | **2022<br>Series 213** | **2022<br>Series 313** | **2022<br>Series 413** | **2022<br>Series 513** |
| AB VPS Small/Mid-Cap Value Portfolio | 2% | 3% | 3% | 4% | 5% |
| American Funds Growth Fund | 5% | 6% | 8% | 10% | 11% |
| Fidelity VIP Mid Cap Portfolio | 2% | 3% | 4% | 4% | 5% |
| Hartford Disciplined Equity HLS Fund | 5% | 7% | 9% | 10% | 12% |
| Hartford Dividend and Growth HLS Fund | 5% | 7% | 8% | 10% | 12% |
| Hartford International Opportunities HLS Fund | 9% | 12% | 15% | 18% | 21% |
| Hartford Total Return Bond HLS Fund | 55% | 48% | 40% | 32% | 24% |
| Invesco V.I. Government Securities Fund | 5% | 4% | 3% | 3% | 2% |
| Invesco V.I. High Yield Fund | 10% | 8% | 7% | 5% | 4% |
| MFS New Discovery Series | 2% | 2% | 3% | 4% | 4% |
| **Total** | **100%** | **100%** | **100%** | **100%** | **100%** |

---

APP A-5

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**Optional Rider Investment Restrictions**

**Investment Restrictions For**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Daily Lock Income Benefit

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Future6

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Legacy Lock

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Safety Plus

**Applicable To The Following Products**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Personal Retirement Manager B-Share VA 3

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Personal Retirement Manager C-Share VA 4

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Personal Retirement Manager I-Share VA 3

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Personal Retirement Manager L-Share VA 3

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Huntington Personal Retirement Manager B-Share VA 3

You must choose one of the following models. The models will be re-balanced monthly. For Future6, in the event that your Contract Value reduces below the minimum amount rule and you fail to transfer your remaining Contract Value to an approved Sub-Account(s) and/or Programs within ten business days, we will exercise our reserved contractual rights to reallocate these sums to the money market Sub-Account.

**PERSONAL PROTECTION PORTFOLIOS**

---

| | |
|:---|:---|
| **Series 8076**<br>**Fund** | |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Hartford Capital Appreciation HLS Fund | 20% |
| Hartford Dividend and Growth HLS Fund | 20% |
| Hartford International Opportunities HLS Fund | 10% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8077**<br>**Fund** | |
| American Funds Growth Fund | 20% |
| American Funds Growth-Income Fund | 20% |
| American Funds International Fund | 10% |
| BlackRock Managed Volatility V.I. Fund | 50% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8078**<br>**Fund** | |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Franklin Mutual Shares VIP Fund | 20% |
| Franklin Rising Dividends VIP Fund | 10% |
| Templeton Growth VIP Fund | 20% |
| **Total** | **100%** |

---

APP A-6

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

---

| | |
|:---|:---|
| **Series 8079**<br>**Fund** | |
| American Funds Growth-Income Fund | 20% |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Hartford International Opportunities HLS Fund | 10% |
| Invesco V.I. Core Equity Fund | 20% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8080**<br>**Fund** | |
| BlackRock Capital Appreciation V.I. Fund | 17% |
| BlackRock Equity Dividend V.I. Fund | 18% |
| BlackRock Managed Volatility V.I. Fund | 50% |
| PIMCO StocksPLUS Global Portfolio | 15% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8081**<br>**Fund** | |
| American Funds Growth Fund | 20% |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Invesco V.I. International Growth Fund | 10% |
| Lord Abbett Fundamental Equity Portfolio | 20% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8082**<br>**Fund** | |
| American Funds Washington Mutual Investors Fund | 20% |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Hartford Dividend and Growth HLS Fund | 20% |
| Templeton Foreign VIP Fund | 10% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8083**<br>**Fund** | |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Fidelity VIP Contrafund Portfolio | 20% |
| Invesco V.I. International Growth Fund | 5% |
| MFS Value Series | 20% |
| Templeton Foreign VIP Fund | 5% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8084**<br>**Fund** | |
| BlackRock Managed Volatility V.I. Fund | 50% |
| BlackRock S&P 500 Index V.I. Fund | 50% |
| **Total** | **100%** |

---

APP A-7

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

---

| | |
|:---|:---|
| **Series 8085**<br>**Fund** | |
| American Funds Growth Fund | 15% |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Invesco V.I. International Growth Fund | 10% |
| Lord Abbett Fundamental Equity Portfolio | 20% |
| MFS New Discovery Series | 5% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8086**<br>**Fund** | |
| American Funds Growth-Income Fund | 20% |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Hartford International Opportunities HLS Fund | 10% |
| Invesco V.I. Core Equity Fund | 15% |
| Invesco V.I. Small Cap Equity Fund | 5% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8087**<br>**Fund** | |
| American Funds Washington Mutual Investors Fund | 20% |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Franklin Small Cap Value VIP Fund | 5% |
| Hartford Dividend and Growth HLS Fund | 15% |
| Templeton Foreign VIP Fund | 10% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8088**<br>**Fund** | |
| American Funds International Fund | 5% |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Invesco V.I. Government Money Market Fund | 15% |
| Invesco V.I. Small Cap Equity Fund | 5% |
| MFS Value Portfolio | 20% |
| Templeton Foreign VIP Fund | 5% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8093**<sup>1</sup><br>**Fund** | |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Invesco V.I. Government Money Market Fund | 50% |
| **Total** | **100%** |
| <br><sup>1</sup>Series 8093 is available only to Huntington Personal Retirement Manager contract owners. |  |

---

APP A-8

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

---

| | |
|:---|:---|
| **Series 8095**<br>**Fund** | |
| BlackRock Managed Volatility V.I. Fund | 50% |
| Invesco V.I. International Growth Fund | 5% |
| LVIP American Century VP Value Fund | 20% |
| Putnam VT Large Cap Growth Fund | 20% |
| Templeton Foreign VIP Fund | 5% |
| **Total** | **100%** |

---

**Investment Restrictions For**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Future5

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Maximum Anniversary Value V

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Maximum Daily Value

**Applicable To The Following Products**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Personal Retirement Manager B-Share VA 3

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Personal Retirement Manager C-Share VA 4

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Personal Retirement Manager I-Share VA 3

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Personal Retirement Manager L-Share VA 3

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Huntington Personal Retirement Manager B-Share VA 3

You may choose to invest in either the Portfolio Planner Asset Allocation Models, the Investment Strategy Models or approved individual Sub-Accounts. The Models will be re-balanced quarterly. For Future5, in the event that your Contract Value reduces below the minimum amount rule and you fail to transfer your remaining Contract Value to an approved Sub-Account(s) and/or Programs within ten business days, we will exercise our reserved contractual rights to reallocate these sums to the money market Sub-Account.

**PORTFOLIO PLANNER ASSET ALLOCATION MODELS**

As of May 2, 2022, the following models are available:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **2022<br>Series 113** | **2022<br>Series 213** | **2022<br>Series 313** | **2022<br>Series 413** | **2022<br>Series 513** |
| AB VPS Small/Mid-Cap Value Portfolio | 2% | 3% | 3% | 4% | 5% |
| American Funds Growth Fund | 5% | 6% | 8% | 10% | 11% |
| Fidelity VIP Mid Cap Portfolio | 2% | 3% | 4% | 4% | 5% |
| Hartford Disciplined Equity HLS Fund | 5% | 7% | 9% | 10% | 12% |
| Hartford Dividend and Growth HLS Fund | 5% | 7% | 8% | 10% | 12% |
| Hartford International Opportunities HLS Fund | 9% | 12% | 15% | 18% | 21% |
| Hartford Total Return Bond HLS Fund | 55% | 48% | 40% | 32% | 24% |
| Invesco V.I. Government Securities Fund | 5% | 4% | 3% | 3% | 2% |
| Invesco V.I. High Yield Fund | 10% | 8% | 7% | 5% | 4% |
| MFS New Discovery Series | 2% | 2% | 3% | 4% | 4% |
| **Total** | **100%** | **100%** | **100%** | **100%** | **100%** |

---

**INVESTMENT STRATEGIES MODELS**

APP A-9

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

---

| | |
|:---|:---|
| **Series 8028**<br>**Fund** | |
| Hartford Capital Appreciation HLS Fund | 33% |
| Hartford Dividend and Growth HLS Fund | 33% |
| Hartford Total Return Bond HLS Fund | 34% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8029**<br>**Fund** | |
| Franklin Income VIP Fund | 34% |
| Franklin Mutual Shares VIP Fund | 33% |
| Templeton Growth VIP Fund | 33% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8074**<br>**Fund** | |
| American Funds Global Small Capitalization Fund | 10% |
| American Funds Growth Fund | 25% |
| American Funds Growth-Income Fund | 20% |
| American Funds International Fund | 15% |
| American Funds The Bond Fund of America | 30% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8075**<br>**Fund** | |
| American Funds International Fund | 25% |
| Franklin Income VIP Fund | 25% |
| Hartford Disciplined Equity HLS Fund | 25% |
| Hartford Total Return Bond HLS Fund | 25% |
| **Total** | **100%** |

---

---

| | |
|:---|:---|
| **Series 8090**<sup>1</sup><br>**Fund** | |
| American Funds Capital World Growth and Income Fund | 15% |
| Franklin Income VIP Fund | 15% |
| Hartford Disciplined Equity HLS Fund | 15% |
| Hartford Total Return Bond HLS Fund | 25% |
| Invesco V.I. Government Money Market Fund | 30% |
| **Total** | **100%** |
| <br><sup>1</sup>Series 8090 is available only to Huntington Personal Retirement Manager contract owners. |  |

---

---

| | |
|:---|:---|
| **INDIVIDUAL SUB-ACCOUNTS:** | **INDIVIDUAL SUB-ACCOUNTS:** |
| AB VPS Balanced Hedged Allocation Portfolio | American Funds The Bond Fund of America |
| BlackRock Global Allocation V.I. Fund | MFS Total Return Bond Series |
| Invesco V.I. Balanced Risk Allocation Fund | Hartford Ultrashort HLS Fund |
| MFS Total Return Series | Hartford Total Return Bond Fund |
| PIMCO All Asset Portfolio | PIMCO Global Managed Asset Allocation Portfolio |

---

APP A-10

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**Appendix A.1 — Investment Options by Product** 

Investment options available to your specific Contract are listed in the following table.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company and Adviser/Subadviser** | **Personal Retirement Manager Series III B Share (TL/TLA)** | **Huntington Personal Retirement Manager Series III B Share (TL)** | **Personal Retirement Manager Series IV C Share (TL/TLA)** | **Personal Retirement Manager Series III I Share (TL/TLA)** | **Personal Retirement Manager Series III L Share (TL/TLA)** |
| AB VPS Balanced Hedged Allocation Portfolio - Class B<br>Adviser: AllianceBernstein, L.P. | X | X | X | X | X |
| AB VPS Discovery Value Portfolio - Class B<br>Adviser: AllianceBernstein, L.P. | X | X | X | X | X |
| American Funds Capital World Bond Fund - Class 4<br>Adviser: Capital Research and Management Company | X | X | X | X | X |
| American Funds Capital World Growth and Income Fund - Class 4<br>Adviser: Capital Research and Management Company | X | X | X | X | X |
| American Funds Global Small Capitalization Fund - Class 4<br>Adviser: Capital Research and Management Company | X | X | X | X | X |
| American Funds Growth Fund - Class 4<br>Adviser: Capital Research and Management Company | X | X | X | X | X |
| American Funds Growth-Income Fund - Class 4<br>Adviser: Capital Research and Management Company | X | X | X | X | X |
| American Funds International Fund - Class 4<br>Adviser: Capital Research and Management Company | X | X | X | X | X |
| American Funds New World Fund - Class 4<br>Adviser: Capital Research and Management Company | X | X | X | X | X |
| American Funds The Bond Fund of America - Class 4<br>Adviser: Capital Research and Management Company | X | X | X | X | X |
| American Funds Washington Mutual Investors Fund - Class 4<br>Adviser: Capital Research and Management Company | X | X | X | X | X |
| BlackRock Capital Appreciation V.I. Fund - Class III<br>Adviser: BlackRock Advisors, LLC | X | X | X | X | X |
| BlackRock Equity Dividend V.I. Fund - Class III<br>Adviser: BlackRock Advisors, LLC | X | X | X | X | X |
| BlackRock Global Allocation V.I. Fund - Class III<br>Adviser: BlackRock Advisors, LLC | X | X | X | X | X |
| BlackRock Managed Volatility V.I. Fund - Class III<br>Adviser: BlackRock Advisors, LLC<br>Subadviser: BlackRock International Limited Edinburgh, United Kingdom, BlackRock Asset Management North Asia Limited, Hong Kong, and BlackRock (Singapore) Limited, 079912 Singapore | X | X | X | X | X |
| BlackRock S&P 500 Index V.I. Fund - Class III<br>Adviser: BlackRock Advisors, LLC | X | X | X | X | X |
| ClearBridge Variable Mid Cap Portfolio - Class II<br>Adviser: Franklin Templeton Fund Adviser, LLC<br>Subadviser: ClearBridge Investments, LLC | X | X | X | X | X |
| *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |  |
| Fidelity® VIP Contrafund® Portfolio - Service Class 2<br>Adviser: Fidelity Management & Research Company (FMR)<br>Subadviser: FMR Co., Inc. (FMRC) and other investment advisers | X | X | X | X | X |
| Fidelity® VIP Mid Cap Portfolio - Service Class 2<br>Adviser: Fidelity Management & Research Company (FMR)<br>Subadviser: FMR Co., Inc. (FMRC) and other investment advisers | X | X | X | X | X |
| Fidelity® VIP Strategic Income Portfolio - Service Class 2<br>Adviser: Fidelity Management & Research Company (FMR)<br>Subadviser: Fidelity Investments Money Management, Inc. (FIMM), FMR Co., Inc. (FMRC), FIL Investment Advisors (UK) Limited (FIA(UK)), and other investment advisers | X | X | X | X | X |
| Franklin Income VIP Fund - Class 4<br>Adviser: Franklin Advisers, Inc.<br>Subadviser: Templeton Investment Counsel, LLC | X | X | X | X | X |

---

APP A.1-1

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company and Adviser/Subadviser** | **Personal Retirement Manager Series III B Share (TL/TLA)** | **Huntington Personal Retirement Manager Series III B Share (TL)** | **Personal Retirement Manager Series IV C Share (TL/TLA)** | **Personal Retirement Manager Series III I Share (TL/TLA)** | **Personal Retirement Manager Series III L Share (TL/TLA)** |
| Franklin Mutual Global Discovery VIP Fund - Class 4<br>Adviser: Franklin Mutual Advisers, LLC<br>Subadviser: Franklin Templeton Investment Management Limited | X | X | X | X | X |
| Franklin Mutual Shares VIP Fund - Class 4<br>Adviser: Franklin Mutual Advisers, LLC | X | X | X | X | X |
| Franklin Rising Dividends VIP Fund - Class 4<br>Adviser: Franklin Advisory Services, LLC | X | X | X | X | X |
| Franklin Small Cap Value VIP Fund - Class 2<br>Adviser: Franklin Advisory Services, LLC | X | X | X | X | X |
| *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |  |
| Franklin Small Cap Value VIP Fund - Class 4<br>Adviser: Franklin Advisory Services, LLC | X | X | X | X | X |
| Franklin Strategic Income VIP Fund - Class 4<br>Adviser: Franklin Advisers, Inc. | X | X | X | X | X |
| Franklin U.S. Government Securities VIP Fund - Class 2<br>Adviser: Franklin Advisers, Inc. | X | X | X | X | X |
| *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |  |
| Hartford Capital Appreciation HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | X | X | X | X | X |
| Hartford Disciplined Equity HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | X | X | X | X | X |
| Hartford Dividend and Growth HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | X | X | X | X | X |
| Hartford International Opportunities HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | X | X | X | X | X |
| Hartford Total Return Bond HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | X | X | X | X | X |
| Hartford Ultrashort Bond HLS Fund - Class IB<br>Adviser: Hartford Funds Management Company, LLC<br>Subadviser: Wellington Management Company LLP | X | X | X | X | X |
| Invesco V.I. Balanced Risk Allocation Fund - Series II<br>Adviser: Invesco Advisers, Inc. | X | X | X | X | X |
| Invesco V.I. Core Equity Fund - Series II<br>Adviser: Invesco Advisers, Inc. | X | X | X | X | X |
| Invesco V.I. EQV International Equity Fund - Series II<br>Adviser: Invesco Advisers, Inc. | X | X | X | X | X |
| Invesco V.I. Government Money Market Fund - Series II\*\*<br>Adviser: Invesco Advisers, Inc. | X | X | X | X | X |
| Invesco V.I. Government Securities Fund - Series II<br>Adviser: Invesco Advisers, Inc. | X | X | X | X | X |
| Invesco V.I. High Yield Fund - Series II<br>Adviser: Invesco Advisers, Inc. | X | X | X | X | X |
| Invesco V.I. Main Street Mid Cap Fund - Series II<br>Adviser: Invesco Advisers, Inc. | X | X | X | X | X |
| Invesco V.I. Small Cap Equity Fund - Series II<br>Adviser: Invesco Advisers, Inc. | X | X | X | X | X |
| Lord Abbett Bond-Debenture Portfolio - Class VC<br>Adviser: Lord, Abbett & Co. LLC | X | X | X | X | X |
| Lord Abbett Fundamental Equity Portfolio - Class VC<br>Adviser: Lord, Abbett & Co. LLC | X | X | X | X | X |

---

APP A.1-2

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company and Adviser/Subadviser** | **Personal Retirement Manager Series III B Share (TL/TLA)** | **Huntington Personal Retirement Manager Series III B Share (TL)** | **Personal Retirement Manager Series IV C Share (TL/TLA)** | **Personal Retirement Manager Series III I Share (TL/TLA)** | **Personal Retirement Manager Series III L Share (TL/TLA)** |
| Lord Abbett Growth and Income Portfolio - Class VC<br>Adviser: Lord, Abbett & Co. LLC | X | X | X | X | X |
| LVIP American Century VP Mid Cap Value Fund - Service Class<br>Adviser: American Century Investment Management, Inc. | X | X | X | X | X |
| LVIP American Century VP Value Fund - Service Class<br>Adviser: American Century Investment Management, Inc. | X | X | X | X | X |
| MFS® Growth Series - Service Class<br>Adviser: Massachusetts Financial Services Company | X | X | X | X | X |
| MFS® New Discovery Series - Service Class<br>Adviser: Massachusetts Financial Services Company | X | X | X | X | X |
| MFS® Total Return Bond Series - Service Class<br>Adviser: Massachusetts Financial Services Company | X | X | X | X | X |
| MFS® Total Return Series - Service Class<br>Adviser: Massachusetts Financial Services Company | X | X | X | X | X |
| MFS® Value Series - Service Class<br>Adviser: Massachusetts Financial Services Company | X | X | X | X | X |
| PIMCO All Asset Portfolio - Advisor Class<br>Adviser: Pacific Investment Management Company LLC<br>Subadviser: Research Affiliates | X | X | X | X | X |
| PIMCO Global Managed Asset Allocation Portfolio - Advisor Class<br>Adviser: Pacific Investment Management Company LLC | X | X | X | X | X |
| PIMCO StocksPLUS Global Portfolio - Advisor Class<br>Adviser: Pacific Investment Management Company LLC | X | X | X | X | X |
| Putnam VT Core Equity Fund - Class IB<br>Adviser: Putnam Investment Management, LLC<br>Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited | X | X | X | X | X |
| Putnam VT Focused International Equity Fund - Class IB<br>Adviser: Putnam Investment Management, LLC<br>Subadviser: Franklin Advisers, Inc., Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC | X | X | X | X | X |
| *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |  |
| Putnam VT Global Asset Allocation Fund - Class IB<br>Adviser: Franklin Advisers, Inc.<br>Subadviser: Putnam Investment Management, LLC, Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC | X | X | X | X | X |
| *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |  |
| Putnam VT Government Money Market Fund - Class IB\*\*<br>Adviser: Franklin Advisers, Inc.<br>Subadviser: Putnam Investment Management, LLC and Franklin Templeton Investment Management Limited | X | X | X | X | X |
| *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |  |
| Putnam VT Large Cap Growth Fund - Class IB<br>Adviser: Putnam Investment Management, LLC<br>Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited | X | X | X | X | X |
| Putnam VT Large Cap Value Fund - Class IB<br>Adviser: Putnam Investment Management, LLC<br>Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited | X | X | X | X | X |
| Putnam VT Small Cap Growth Fund - Class IB<br>Adviser: Putnam Investment Management, LLC<br>Subadviser: Franklin Advisers, Inc. and Franklin Templeton Investment Management Limited | X | X | X | X | X |
| *Note: Available for investments on or about September 8, 2026.* |  |  |  |  |  |
| Templeton Foreign VIP Fund - Class 4<br>Adviser: Templeton Investment Counsel, LLC |  | X |  |  |  |

---

APP A.1-3

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Company and Adviser/Subadviser** | **Personal Retirement Manager Series III B Share (TL/TLA)** | **Huntington Personal Retirement Manager Series III B Share (TL)** | **Personal Retirement Manager Series IV C Share (TL/TLA)** | **Personal Retirement Manager Series III I Share (TL/TLA)** | **Personal Retirement Manager Series III L Share (TL/TLA)** |
| Templeton Global Bond VIP Fund - Class 4<br>Adviser: Franklin Advisers, Inc. | X | X | X | X | X |
| Templeton Growth VIP Fund - Class 4<br>Adviser: Templeton Global Advisors Limited | X | X | X | X | X |

---

APP A.1-4

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**Appendix B — Examples\***

**Table of Contents** 

---

| | |
|:---|:---|
| | **Page** |
| **Contingent Deferred Sales Charge (CDSC) Examples** | **APP A-[2](#i79554b0ffb64442785094114a00002d0_118)** |
| **Premium Based Charge Examples** | **APP A-[7](#i79554b0ffb64442785094114a00002d0_121)** |
| **Personal Pension Account (PPA) Examples** | **APP A-[8](#i79554b0ffb64442785094114a00002d0_124)** |
| **Maximum Anniversary Value (MAV) V Examples** | **APP A-[16](#i79554b0ffb64442785094114a00002d0_127)** |
| **Return of Premium (ROP) V Example** | **APP A-[18](#i79554b0ffb64442785094114a00002d0_130)** |
| **Maximum Daily Value Examples** | **APP A-[20](#i79554b0ffb64442785094114a00002d0_133)** |
| **Legacy Lock Examples** | **APP A-[21](#i79554b0ffb64442785094114a00002d0_136)** |
| **Safety Plus Examples** | **APP A-[22](#i79554b0ffb64442785094114a00002d0_139)** |
| **Future5 and Future6 Examples** | **APP A-[24](#i79554b0ffb64442785094114a00002d0_142)** |
| **Daily Lock Income Benefit Examples** | **APP A-[26](#i79554b0ffb64442785094114a00002d0_145)** |

---

**\*&nbsp;&nbsp;&nbsp;&nbsp;All example calculations are rounded to the nearest dollar.**

APP B-1

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**Contingent Deferred Sales Charge Examples (Class B and Class L shares)**

All CDSC Examples reflect gross withdrawals that deduct the CDSC and the Premium Based Charge from the amount of the partial Surrenders requested.

**<u>Example 1: Illustrates a partial Surrender that is equal to the AWA in a down market. Assume a partial Surrender taken in Contract Year 2 equals $5,000.</u>**

**Step 1 does not apply** because Deposits have not been invested for longer than the applicable CDSC as referenced in the CDSC section of the prospectus.

Values immediately prior to the partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits subject to CDSC are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $90,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings are $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your earnings are the greater of (1) Contract Value - Remaining Gross Premiums, or (2) $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $5,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your AWA is the greater of (1) 5% of total Deposits subject to CDSC, or (2) earnings

**Step 2:** As the amount Surrendered is equal to the AWA, there are no CDSC incurred on the transaction. Also, there is no adjustment to Remaining Gross Premiums. The AWA has been exhausted for the duration of the Contract Year. There are no additional steps.

Values after the partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits subject to CDSC are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $85,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $0

**<u>Example 2: Illustrates a partial Surrender in excess of the AWA in a down market and impacts to subsequent AWA calculations. Assume a partial Surrender taken in Contract Year 2 equals $5,000.</u>**

**Step 1 does not apply** because Deposits have not been invested for longer than the applicable CDSC as referenced in the CDSC section of the prospectus.

Values immediately prior to the first partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits subject to CDSC are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $90,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings are $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your earnings are the greater of (1) Contract Value - Remaining Gross Premiums, or (2) $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $5,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your AWA is the greater of (1) 5% of total Deposits subject to CDSC, or (2) earnings

**Step 2:** As the amount Surrendered is equal to the AWA, there are no CDSC incurred on the transaction. Also, there is no adjustment to Remaining Gross Premiums. The AWA has been exhausted for the duration of the Contract Year. There are no additional steps.

Values after the partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits subject to CDSC are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $85,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $0

**Next, assume an additional Surrender during the same Contract Year equals $5,000. The Contract Value has changed due to market fluctuation, but no other transactions have occurred.**

**Step 1 does not apply** because Deposits have not been invested for longer than the applicable CDSC as referenced in the CDSC section of the prospectus.

**Step 2:** Determines that the transaction is in excess of the AWA.

Values immediately prior to the second partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $100,000

APP B-2

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $75,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings are $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $0

**Step 3:** As the AWA is $0; the entire $5,000 is in excess of the AWA.

**Step 4:** We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B]:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal **-** AWA

The amount subject to CDSC is $6,667 ($100,000 x [$5,000/$75,000])

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC.

**Step 5:** The applicable CDSC is 8%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $533 [8% x $6,667].

**Step 6:** We deduct the CDSC of $533 from the excess amount $5,000. The amount paid to you is $4,467.

Values after the second partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premium is $93,333 ($100,000 - $6,667)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $70,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $0

**Next, assume that a third partial Surrender is taken during Contract Year 3 for an amount equal to $15,000. The Contract Value has changed due to market fluctuation, but no other transactions have occurred.**

**Step 1 does not apply** because Deposits have not been invested for longer than the applicable CDSC as referenced in the CDSC section of the prospectus.

**Step 2:** Determines that the transaction is in excess of the AWA.

Values prior to the third partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premium is $93,333

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $78,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings are $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $5,000

**Step 3:** We deduct the available AWA of $5,000; the remaining $10,000 is in excess of the AWA.

**Step 4:** We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B]:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal - AWA

The amount subject to CDSC is $12,785 ($93,333 x [$10,000/$73,000])

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC.

**Step 5:** The applicable CDSC is 7%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $895 [7% x $12,785].

**Step 6:** We deduct the CDSC of $895 from the excess amount $10,000, and combine this with your AWA of $5,000. The amount paid to you is $14,105.

Values after the third partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premium is $80,548 ($93,333 - $12,785)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $63,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $0

**<u>Example 3: Illustrates a partial Surrender in excess of the AWA in an up market, the non-cumulative feature of the AWA and impacts to future AWA calculations. Assume a partial Surrender is taken in Contract Year 1 for $10,000.</u>**

**Step 1 does not apply** because Deposits have not been invested for longer than the applicable CDSC as referenced in the CDSC section of the prospectus.

APP B-3

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

Values prior to the first partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $110,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings are $10,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your earnings are the greater of (1) Contract Value - Remaining Gross Premiums, or (2) $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $10,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your AWA is the greater of (1) 5% of total Deposits subject to CDSC, or (2) earnings

**Step 2:** As the amount Surrendered is equal to the AWA, there are no CDSC incurred on the transaction. Also, there is no adjustment to Remaining Gross Premiums. The AWA has been exhausted for the duration of the Contract Year. There are no additional steps.

Values after the first partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premium is $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $0

**Next, assume an additional partial Surrender is taken in Contract Year 1 for $10,000. The Contract Value has changed due to market fluctuation, but no other transactions have occurred.**

**Step 1 does not apply** because Deposits have not been invested for longer than the applicable CDSC as referenced in the CDSC section of the prospectus.

**Step 2:** Determines that the transaction is in excess of the AWA.

Values prior to the second partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings are $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $0

**Step 3:** As the AWA is $0; the entire $10,000 is in excess of the AWA.

**Step 4:** We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B]:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal - AWA

The amount subject to CDSC is $10,000 ($100,000 x [$10,000/$100,000])

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC.

**Step 5:** The applicable CDSC is 8.5%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $850 [8.5% x $10,000].

**Step 6:** We deduct the CDSC of $850 from the excess amount $10,000. The amount paid to you is $9,150.

Values after the second partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $90,000 ($100,000 - $10,000)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $90,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $0

**Next, assume an additional partial Surrender is taken in Contract Year 3 for $15,000. The Contract Value has changed due to market fluctuation, but no other transactions have occurred.**

**Step 1 does not apply** because Deposits have not been invested for longer than the applicable CDSC as referenced in the CDSC section of the prospectus.

**Step 2:** Determines that the transaction is in excess of the AWA of $0.

Values prior to the third partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $90,000

APP B-4

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $99,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings are $9,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $9,000

**Step 3:** We deduct the available AWA of $9,000; the remaining $6,000 is in excess of the AWA.

**Step 4:** We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B]:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal - AWA

The amount subject to CDSC is $6,000 ($90,000 x [$6,000/$90,000])

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC

**Step 5:** The applicable CDSC is 7%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $420 [7% x $6,000].

**Step 6:** We deduct the CDSC of $420 from the excess amount $6,000, and combine this with your AWA of $9,000. The amount paid to you is $14,580.

Values after the third partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $84,000 ($90,000 - $6,000)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $84,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $0

**<u>Example 4: Illustrates a full Surrender calculation with one of two Deposits out of the applicable CDSC schedule. Assume two Deposits were made for $100,000 each invested in the Sub-Accounts. The first was applied at the beginning</u> <u>of Contract Year 1, the second in the beginning of Contract Year 3. A full Surrender is taken in Contract Year 8.</u>**

**Step 1:** Your initial Deposit of $100,000 is available without a CDSC.

Values prior to the full Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $200,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums is $200,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premium subject to CDSC is $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value just prior to the full Surrender is $300,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your earnings are the greater of (1) Contract Value - Remaining Gross Premiums, or (2) $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your AWA is the greater of (1) 5% of total Deposits subject to CDSC, or (2) earnings.

**Step 2:** The full Surrender is in excess of the sum of the AWA of $100,000 plus the amount determined in Step 1 of $100,000.

**Step 3:** We deduct the available AWA; the remaining $100,000 is in excess of the AWA.

**Step 4:** We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B]:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal - AWA

The amount subject to CDSC is $100,000 ($100,000 x [$100,000/$100,000])

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC.

**Step 5:** The applicable CDSC is 4%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $4,000 [4% x $100,000].

**Step 6:** We deduct the CDSC of $4,000 from the excess amount $100,000, and combine this with your AWA of $200,000. The amount paid to you is $296,000.

Values after the full Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $0

The Contract is terminated.

APP B-5

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**<u>Example 5: Illustrates a full Surrender calculation in a down market. Assume $100,000 is invested in the Sub-Accounts, and a full Surrender occurs in Contract Year 3.</u>**

**Step 1 does not apply** because Deposits have not been invested for longer than the applicable CDSC as referenced in the CDSC section of the prospectus.

**Step 2:** Determines that the full Surrender is in excess of the AWA.

Values prior to the full Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value just prior to the full Surrender is $50,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings are $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your earnings are the greater of (1) Contract Value - Remaining Gross Premiums, or (2) $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $5,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your AWA is the greater of (1) 5% of total Deposits subject to CDSC, or (2) earnings

**Step 3:** We deduct the available AWA of $5,000; the remaining $45,000 is in excess of the AWA.

**Step 4:** We determine the amount that is subject to CDSC by applying a proportional factor to the Remaining Gross Premiums.

The factor is derived as [A/B]:

A = The amount in Step 3

B = Contract Value immediately prior to the withdrawal - AWA

The amount subject to CDSC is $100,000 ($100,000 x [$45,000/$45,000])

Your Remaining Gross Premiums are adjusted dollar-for-dollar for the amount subject to CDSC.

**Step 5:** The applicable CDSC is 7%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $7,000 [7% x $100,000].

**Step 6:** We deduct the CDSC of $7,000 from the excess amount $45,000, and combine this with your AWA of $5,000. The amount paid to you is $43,000.

Values after the full Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $0

The Contract is terminated.

**<u>Example 6: Illustrates a commutation of the Personal Pension Account Annuity Payout Value. The same concept will</u> <u>apply to the commuted value of period certain Annuity Payouts. Assume $100,000 is invested into the Personal Pension</u> <u>Account and you commence PPA Payouts. One PPA Payout has previously occurred for $420. Then, a commutation of all remaining Annuity Payout Value occurs in Contract Year 1, and life-contingent Payouts are waived.</u>**

**Step 1 does not apply** because Deposits have not been invested for longer than the applicable CDSC as referenced in the CDSC section of the prospectus.

**Step 2:** Determines that the full withdrawal is in excess of the AWA.

Values prior to the full commutation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accumulation Balance is $0

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annuity Payout Value is $99,826

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposit subject to CDSC is $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AWA is $4,580

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your AWA is 5% of total Deposits subject to CDSC, or (2) earnings

Upon the commutation of remaining PPA Payouts, we reduce the Annuity Payout Value by an adjustment that takes into account the current value of the future Payouts you would have received during your Guaranteed Payout Duration using a discount rate determined in accordance with the factors described in the prospectus. For this commutation, the adjustment is $31,956. Please refer to Personal Pension Account Example 4a in this Appendix B for a more complete description of commutation.

The resulting value of $67,871 is the Commuted Value for the purposes of CDSC calculation.

**Step 3:** We deduct the available AWA of $4,580; the remaining $63,291 is in excess of the AWA.

**Step 4:** We determine the amount that is subject to CDSC by applying a proportional factor to the Personal Pension Account Contributions still subject to CDSC.

APP B-6

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

The factor is derived as [A/B]:

A = The amount in Step 3

B = Commuted Value of all Annuity Payout Value + Accumulation Balance immediately prior to the withdrawal **-** AWA

The amount subject to CDSC is $100,000 ($100,000 x [$63,291 /$63,291]). This is equal to the entire Deposit, subject to CDSC. Your Deposits, subject to CDSC (as used in the context of annuity payouts) are adjusted dollar-for-dollar for the amount subject to CDSC.

**Step 5:** The applicable CDSC is 8.5%. We apply this to the amount subject to CDSC as determined in Step 4, and the resulting CDSC incurred is $8,500.

**Step 6:** We deduct the CDSC of $8,500 from the excess amount $63,291, and combine this with your AWA of $4,580. The amount paid to you is $59,371.

Values after the full commutation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annuity Payout Value is $0

The Contract is terminated.

**<u>Example 7: Illustrates the reallocation of Remaining Gross Premium (as used in the context of Annuity Payouts) upon a transfer to the Personal Pension Account. Assume a transfer of funds equal to $20,000 from Contract Value to the Personal Pension Account in Contract Year 2.</u>**

Values immediately prior to the transfer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums are $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $120,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accumulation Balance is $0

Remaining Gross Premiums are reallocated proportionally upon a transfer of funds from the Contract Value to the Personal Pension Account as the portion of Deposits still subject to CDSC.

The amount reallocated is derived by [A/B]:

A = The amount of the transfer

B = The Contract Value immediately prior to the transfer

For this transfer, $16,667 is reallocated from the Contract Value. After the Transfer to the Personal Pension Account

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Premium Payments allocated to Contract Value is $83,333

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Remaining Gross Premiums is $83,333

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits subject to CDSC allocated to the Personal Pension Account is $16,667

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract Value is $100,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accumulation Balance is $20,000

On the whole, the amount subject to CDSC has remained constant.

**Premium Based Charge Examples (Class B shares)**

**<u>Example 1: Assume that your initial Deposit is $100,000. No Surrenders or transfers to the PPA occur during Contract Year 1. On Day 200 of Contract Year 2, you make a Surrender in excess of the AWA.</u>**

At the end of Contract Year 1, your annual Premium Based Charge is calculated solely on the Remaining Gross Premium at Contract Anniversary, as there were no Surrenders or transfers to the PPA during the Contract Year. The amount deducted from your Contract Value is $500 [($100,000 × 0.50%)].

Upon the Surrender in Contract Year 2, the Remaining Gross Premium subject to Premium Based Charge is determined to be $5,000. The Premium Based Charge is 0.50%. A pro-rated amount is determined for the number of days (200) since the last Contract Anniversary; this amount is $13.70 [($5,000 × 0.50%) × (200 / 365)]. This amount is not deducted at this time. The Remaining Gross Premium after the Surrender is $95,000.

Additionally, a CDSC of 8% would be assessed against the same amount of Remaining Gross Premium. The CDSC is equal to $400 ($5,000 x 8%), and unlike the Premium Based Charge, this amount is deducted from the partial Surrender. Assuming the amount that requested was a gross amount of $6,000, the amount paid to you is $5,600.

At the next Contract Anniversary, the Premium Base Charge is the sum of the Premium Based Charge applied to the Remaining Gross Premium, plus the pro-rated amount upon the partial Surrender. The Premium Based Charge applied to the Remaining Gross Premium is $475 ($95,000 × 0.50%). The amount deducted from your Contract Value is $488.70.

APP B-7

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**<u>Example 2: Assume that your initial Deposit is $100,000. On Day 310 of Contract Year 5, you choose to Surrender your</u> <u>entire Contract Value.</u>**

A pro-rated Premium Based Charge is assessed upon the full Surrender and the entire Remaining Gross Premium is subject to the charge. The Premium Based Charge is equal to $425 [($100,000 × 0.50%) × (310 / 365)].

Additionally, a CDSC of 5% would be assessed against the same amount of Remaining Gross Premium. The CDSC is equal to $5,000 ($100,000 x 5%) and both this amount and the Premium Based Charge are deducted upon a full Surrender. Assuming the Contract Value prior to the full Surrender was $190,000, the amount paid to you is $185,000.

**<u>Example 3: Assume that your initial Deposit is $100,000. On Day 310 of Contract Year 5, you choose to Annuitize your</u> <u>entire Contract Value.</u>**

A pro-rated Premium Based Charge is assessed upon the full annuitization, and the entire Remaining Gross Premium is subject to the charge. The Premium Based Charge is equal to $425 [($100,000 × 0.50%) × (310/365)].

CDSC is not assessed upon a request to Annuitize the Contract Value.

**Personal Pension Account Examples**

**Effective October 3, 2014, the Personal Pension Account will be closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).\*** Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).

If you are enrolled in any program (e.g., Dollar Cost Averaging Program) that automatically allocates subsequent contributions (Premium Payments) and/or transfers of Contract Value to the Personal Pension Account you MUST provide us with alternative allocation instructions prior to October 3, 2014; otherwise your program will automatically terminate on October 3, 2014\*.

**\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in New York and Oregon.**

**<u>Example 1: Standard Illustrations with a Partial Income Stream - Assume the initial Personal Pension Account</u> <u>Contribution is equal to $100,000 (no sums are invested in the FAF or Sub-Accounts). Assume</u> <u>that in Contract Year 7, the Owner requested to commence an income stream based on $50,000 of Annuity Payout</u> <u>Value during the Guarantee Window. For the purposes of this Example, the Contract Owner chose a Target Income</u> <u>Age of 64. Hypothetical Credited Interest and Payout Purchase Rates are illustrated below.</u>**

A.To understand how your guaranteed Payout Purchase Rates are set during your Guarantee Window (shaded area), see guaranteed Payout Purchase Rates in Contract Years 1 through 7. In this Example, the guaranteed Payout Purchase Rate is locked in at Contract Year 7 when Personal Pension Account Payouts commence.

B.Credited Interest Rates vary during the duration of your Contract as illustrated in column 4. In this illustration, Credited Interest Rates change at the 10th Contract Year and again at the 20th Contract Year.

C.Please refer to the last column in Contract Year 23 for an example of how Personal Pension Account Payouts will continue for the life of the Annuitant, Owner or joint Owner even though Annuity Payout Value has been exhausted.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **<br>Contract<br>Year\*** | **Age** | **<br>Benefit<br>Balance** | **Credited Interest Rate** | **<br>Accumulation<br>Balance** | **Annuity <br>Payout <br>Value** | **Guaranteed <br>Payout <br>Purchase <br>Rates<br>(per 1000)** | **Personal <br>Pension <br>Account <br>Payouts(2)** |
| | 0 | **60** | **$100000** | **5.00%** | **$100000** | | | |
| **Guarantee<br>Window** | 1 | **61** | **105000** | **5.00%** | **105000** |  | **61.99** |  |
| **Guarantee<br>Window** | 2 | **62** | **110250** | **5.00%** | **110250** |  | **62.33** |  |
| **Guarantee<br>Window** | 3 | **63** | **115763** | **5.00%** | **115763** |  | **62.72** |  |
| **Guarantee<br>Window** | 4 | **64** | **121551** | **5.00%** | **121551** |  | **63.16** |  |
| **Guarantee<br>Window** | 5 | **65** | **127628** | **5.00%** | **127628** |  | **63.65** |  |
| **Guarantee<br>Window** | 6 | **66** | **134010** | **5.00%** | **134010** |  | **64.17** |  |
| **Guarantee<br>Window** | 7 | **67** | **140710** | **5.00%** | **90710(1)** | **$50000** | **64.73** | **$3237** |

---

APP B-8

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| 8 | **68** | **142009** | **5.00%** | **95246** | **46763** | **3237** |
| 9 | **69** | **143535** | **5.00%** | **100008** | **43527** | **3237** |
| 10 | **70** | **145299** | **3.00%** | **105008** | **40290** | **3237** |
| 11 | **71** | **145212** | **3.00%** | **108158** | **37054** | **3237** |
| 12 | **72** | **145220** | **3.00%** | **111403** | **33817** | **3237** |
| 13 | **73** | **145326** | **3.00%** | **114745** | **30581** | **3237** |
| 14 | **74** | **145532** | **3.00%** | **118188** | **27344** | **3237** |
| 15 | **75** | **145841** | **3.00%** | **121733** | **24108** | **3237** |
| 16 | **76** | **146256** | **3.00%** | **125385** | **20871** | **3237** |
| 17 | **77** | **146781** | **3.00%** | **129147** | **17634** | **3237** |
| 18 | **78** | **147419** | **3.00%** | **133021** | **14398** | **3237** |
| 19 | **79** | **148173** | **3.00%** | **137012** | **11161** | **3237** |
| 20 | **80** | **149047** | **1.50%** | **141122** | **7925** | **3237** |
| 21 | **81** | **147927** | **1.50%** | **143239** | **4688** | **3237** |
| 22 | **82** | **146839** | **1.50%** | **145388** | **1452** | **3237** |
| 23 | **83** | **147568** | **1.50%** | **147568** | **0** | **3237** |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

(1)Accumulation Balance is reduced by $50,000 that is converted into the Annuity Payout Value. CDSC's and Premium tax have not been applied in this Example. If the $50,000 was instead commuted into a Commuted Value (assuming a hypothetical discount rate of 6%), the Commuted Value would be $32,294. The remaining Accumulation Balance can be converted into Annuity Payout Value at a later date for additional Personal Pension Account Payouts.

(2)These Personal Pension Account Payouts shall continue for the life of the Annuitant, Owner or joint Owner pursuant to Annuity Payout Option Two.

**<u>Example 2: Subsequent PPA Deposits - Assume a $100,000 initial PPA Contribution was made at a time when we</u> <u>declared a hypothetical Credited Interest Rate of 4% and that a $15,000 subsequent PPA Contribution was made when</u> <u>we declared a hypothetical Credited Interest Rate of 3.75%. Your Benefit Balance would increase as follows:</u>**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Age** | | **PPA <br>Contribution** | **Credited Interest Rate** | | **PPA <br>Contribution** | **Credited Interest Rate** | **Total Benefit Balance** |
| 55 | First<br>Deposit | $100000 |  | <br>Second<br>Deposit |  |  | $100000 |
| 56 | First<br>Deposit |  | 4.00% | <br>Second<br>Deposit |  |  | 104000 |
| 57 | First<br>Deposit |  | 4.00% | <br>Second<br>Deposit |  |  | 108160 |
| 58 | First<br>Deposit |  | 4.00% | <br>Second<br>Deposit |  |  | 112486 |
| 59 | First<br>Deposit |  | 4.00% | <br>Second<br>Deposit | $15000 |  | 131986 |
| 60 | First<br>Deposit |  | 4.00% | <br>Second<br>Deposit |  | 3.75% | 137228 |
| 61 | First<br>Deposit |  | 4.00% | <br>Second<br>Deposit |  | 3.75% | 142678 |
| 62 | First<br>Deposit |  | 4.00% | <br>Second<br>Deposit |  | 3.75% | 148345 |
| 63 | First<br>Deposit |  | 4.00% | <br>Second<br>Deposit |  | 3.75% | 154237 |
| 64 | First<br>Deposit |  | 4.00% | <br>Second<br>Deposit |  | 3.75% | 160362 |
| 65 | First<br>Deposit |  | 4.00% | <br>Second<br>Deposit |  | 3.75% | 166732 |

---

APP B-9

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**<u>Example 3a: Benefit Balance Transfer - The following example illustrates the impact on various values associated to the Contract when a transfer from the Sub-Accounts to the PPA occurs. Assume that the Owner deposits $100,000 in the Sub-Accounts and then elects to transfer $5,000 from the Sub-Accounts to the PPA in which event:</u>**

---

| | | |
|:---|:---|:---|
| | **Transfer from <br>Sub Accounts to the <br>PPA** | **Transfer from <br>Sub Accounts to the <br>PPA** |
| | **Before Value** | **After Value** |
| Sub-Account Value (assumed) | $130000 | $125000 |
| ROP V Withdrawal Limit | $0 | $0 |
| MAV V Withdrawal Limit | n/a | n/a |
| ROP V Death Benefit | $100000 | $96153.85 |
| MAV V - Anniversary Value (Before Value is assumed) | $107000 | $102884.62 |
| MAV V - Premium Payments | $100000 | $96153.85 |
| Benefit Balance | $0 | $5000 |

---

• The Sub-Account Value is reduced by the amount of the transfer ($5,000).

• As a result of the transfer, ROP V is reduced by a factor. The $5,000 transfer results in a factor of 0.96153 being applied to Premium Payments. The factor of 0.96153 is derived by 1-($5,000 Transfer / Contract Value prior to the transfer $130,000).

• As a result of the transfer, the MAV V Anniversary Value and Premium Payments are both reduced by a factor. The $5,000 transfer results in a factor of 0.96153 being applied to Premium Payments. The factor of 0.96153 is derived by 1-($5,000 Transfer / Contract Value prior to the transfer $130,000).

• Since there were no sums previously invested in the PPA, the Benefit Balance is increased by the amount of the transfer ($5,000).

**<u>Example 3b: Benefit Balance Transfer - The following example illustrates the impact on various values associated with the Contract when a transfer from the PPA to the Sub-Accounts occurs. Assume that the Owner makes a PPA</u> <u>Contribution of $100,000 into the PPA and then elects to transfer the maximum available transfer from the PPA to the</u> <u>Sub-Accounts. The transfer restriction considers the following factors:</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **End of Year** | **Maximum of A, B, C** | **A** | **B** | **C** |
| 1 | $4120 | $4120 | $3000 | $0 |
| 2 | $4120 | $4073 | $2966 | $4120 |

---

• Column A equals 4% of the Accumulation Balance as of the prior Contract Anniversary. Assume that the $100,000 PPA Contribution earns a Credited Interest Rate of 3%.

• Column B equals the amount of interest credited to the Accumulation Balance over the most recent full Contract Year.

• Column C equals the amount of Accumulation Balance transferred to Contract Value during the most recent full Contract Year.

---

| | | |
|:---|:---|:---|
| | **Transfer from <br>PPA to the <br>Sub-Accounts <br>End of Year 1** | **Transfer from <br>PPA to the <br>Sub-Accounts <br>End of Year 1** |
| | **Before Value** | **After Value** |
| Sub-Account Value (assumed) | $104000 | $108120 |
| AWA | $5000 | $5206 |
| ROP V | $100000 | $104120 |
| MAV V - Anniversary Value (Before Value is assumed) | $100000 | $104120 |
| MAV V - Premium Payments | $100000 | $104120 |
| Benefit Balance | $103000 | $98880 |

---

• The Benefit Balance is reduced by the amount of the transfer ($4,120).

• The Remaining Gross Premium associated with the Sub-Accounts is increased by the proportional amount of the contributions to the PPA still subject to CDSC. The proportional amount is equal to the transfer from the PPA divided by the Accumulation Balance. ($4,120/$103,000) = $4,000.

• ROP V is increased dollar for dollar for the amount of the transfer ($4,120).

APP B-10

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

• The MAV V Anniversary Value and Premium Payments are both increased dollar for dollar for the amount of the transfer ($4,120).

• The Sub-Account Value is increased by the amount of the transfer ($4,120).

**<u>Example 4a: Full Commutation with Commuted Value - Assume that the Owner desires to start taking all PPA Payouts</u> <u>and then fully commute the PPA Payouts in Contract Year 20, which is outside of their Guarantee Window. For the</u> <u>purposes of this example, the Contract Owner chose a Target Income Age of 64. The Owner does not terminate their</u> <u>Contract and therefore PPA Payouts will resume after the Guaranteed Payout Duration (assuming that all relevant</u> <u>persons are alive). Also, assume that the initial PPA Contribution is equal to $100,000 and no Premium Payments have</u> <u>been invested in the FAF or Sub-Accounts.</u>**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Contract<br>Year\*** | **Age** | **Benefit<br>Balance** | **Accumulation<br>Balance** | **Credited <br>Interest <br>Rate** | **Annuity <br>Payout <br>Value** | **Payout <br>Purchase <br>Rates<br>(per 1000)(1)** | **Commuted<br>Value** | **Payouts** |
| | **0** | **60** | $100000 | $**100000** | 5.00% | $**0** | **61.68** | | |
| **Guarantee<br>Window** | **1** | **61** | 105000 | **105000** | 5.00% | **0** | **61.99** |  | $**0** |
| **Guarantee<br>Window** | **2** | **62** | 110250 | **110250** | 5.00% | **0** | **62.33** |  | **0** |
| **Guarantee<br>Window** | **3** | **63** | 115763 | **115763** | 5.00% | **0** | **62.72** |  | **0** |
| **Guarantee<br>Window** | **4** | **64** | 121551 | **121551** | 5.00% | **0** | **63.16** |  | **0** |
| **Guarantee<br>Window** | **5** | **65** | 127628 | **127628** | 5.00% | **0** | **63.65** |  | **0** |
| **Guarantee<br>Window** | **6** | **66** | 134010 | **134010** | 5.00% | **0** | **64.17** |  | **0** |
| **Guarantee<br>Window** | **7** | **67** | 140710 | **140710** | 5.00% | **0** | **64.73** |  | **0** |
|  | **8** | **68** | 147746 | **147746** | 5.00% | **0** | **65.31** |  | **0** |
|  | **9** | **69** | 155133 | **155133** | 5.00% | **0** | **65.91** |  | **0** |
|  | **10** | **70** | 162889 | **162889** | 3.00% | **0** | **66.56** |  | **0** |
|  | **11** | **71** | 167776 | **167776** | 3.00% | **0** | **69.14** |  | **0** |
|  | **12** | **72** | 172809 | **172809** | 3.00% | **0** | **71.94** |  | **0** |
|  | **13** | **73** | 177994 | **177994** | 3.00% | **0** | **74.99** |  | **0** |
|  | **14** | **74** | 183334 | **183334** | 3.00% | **0** | **78.32** |  | **0** |
|  | **15** | **75** | 188834 | **188834** | 3.00% | **0** | **81.96** |  | **0** |
|  | **16** | **76** | 194499 | **194499** | 3.00% | **0** | **85.92** |  | **0** |
|  | **17** | **77** | 200333 | **200333** | 3.00% | **0** | **90.11** |  | **0** |
|  | **18** | **78** | 206343 | **206343** | 3.00% | **0** | **94.63** |  | **0** |
|  | **19** | **79** | 212534 | **212534** | 3.00% | **0** | **99.55** |  | **0** |
|  | **20** | **80** | 218910 | **0(2)** | 1.50% | **218910** | **111.11(3)** | **$165439(4)** | **0(5)** |
|  | **21** | **81** | n/a | **n/a** | n/a(6) | **n/a** | **n/a** | **n/a** | **n/a** |
|  | **22** | **82** | n/a | **n/a** | n/a | **n/a** | **n/a** | **n/a** | **n/a** |
|  | **23** | **83** | n/a | **n/a** | n/a | **n/a** | **n/a** | **n/a** | **n/a** |
|  | **24** | **84** | n/a | **n/a** | n/a | **n/a** | **n/a** | **n/a** | **n/a** |
|  | **25** | **85** | n/a | **n/a** | n/a | **n/a** | **n/a** | **n/a** | **n/a** |
|  | **26** | **86** | n/a | **n/a** | n/a | **n/a** | **n/a** | **n/a** | **n/a** |
|  | **27** | **87** | n/a | **n/a** | n/a | **n/a** | **n/a** | **n/a** | **n/a** |
|  | **28** | **88** | n/a | **n/a** | n/a | **n/a** | **n/a** | **n/a** | **n/a** |
|  | **29** | **89** | n/a | **n/a** | n/a | **n/a** | **n/a** | **n/a** | **24323(7)** |
|  | **30** | **90** | n/a | **n/a** | n/a | **n/a** | **n/a** | **n/a** | **24323(7)** |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

(1)Payout Purchase Rates are only guaranteed if PPA Payouts begin within the Guarantee Window. Payouts that begin outside the Guarantee Window are generally established using rates set at our discretion, subject to the terms of your

APP B-11

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

Contract. We cannot speculate what Payout Purchase Rates could be when commencing Personal Pension Account Payouts outside of the Guarantee Window. These rates may be as high as, but will never be greater than, the Payout Purchase Rates guaranteed for PPA Payouts we set at the time of your PPA Contributions. Payout amounts will be no lower than the non-forfeiture amount described in the Owner's contract.

(2)The Accumulation Balance is depleted to $0 based on being converted to Annuity Payout Value. CDSCs and Premium tax are not shown in this example.

(3)Hypothetical Payout Purchase Rates are used because PPA Payouts and commutation may occur outside of the Guarantee Window.

(4)The Commuted Value depicted is based on commutation of the Annuity Payout Value (in this Example, is the same as the Benefit Balance because this is a full commutation) of $218,910 using a hypothetical discount rate of 6%. The Commuted Value is equal to the present value of the PPA Payout(s) associated with the Annuity Payout Value over the Guaranteed Payout Duration (i.e., $218,910/$24,323 = 9 years) calculated using this discount rate.

(5)The PPA Payout is derived by multiplying the Annuity Payout Value by the Payout Purchase Rate applicable to the year in which commutation is requested and dividing by 1,000. In this case, $218,910\*$111.11/1,000 = $24,323. However, in this example, PPA Payouts are commuted and paid to the Owner in one lump sum. Life contingent PPA Payouts may resume after the Guarantee Payout Duration if the Annuitant and Owner are living and have not terminated the Contract as illustrated in years 29 and 30.

(6)Interest is no longer credited under the PPA.

(7)Lifetime PPA Payouts resume because in this Example the Annuitant is still living. The Owner would give up these lifetime PPA Payouts if he or she terminated the Contract.

**<u>Example 4b: Partial Commutation with Commuted Value - Assume that the Owner desires to start taking PPA Payouts and commute half of the PPA Payouts in Contract Year 20, which is outside of their Guarantee Window. In this Example, the Guarantee Window is represented by the shaded area in Contract Years 1 though 7. Contract Year 20 Before illustrates how the Annuity Payout Value is split in half to serve as the basis for PPA Payouts and the Commuted Value. Contract Year 20 After illustrates the amounts paid to the Owner in the form of PPA Payouts and Commuted Value. The Owner does not terminate their Contract and PPA Payouts will resume after the Guaranteed Payout Duration (assuming that all relevant persons are alive). The Guaranteed Payout Duration in this Example is illustrated as the shaded rows corresponding to Contract Years 20 through 28. Assume the initial Deposit is equal to $100,000 and no sums are invested in the FAF or Sub-Accounts.</u>**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract<br>Year\*** | **Age** | **Benefit<br>Balance** | **Accumulation<br>Balance** | **Credited <br>Interest <br>Rate** | **Annuity <br>Payout <br>Value 1** | **Annuity <br>Payout <br>Value 2** | **Commuted<br>Value** | **Payout <br>Purchase <br>Rates<br>(per 1000)(1)** | **Payouts** |
| **0** | **60** | $100000 | $**100000** | 5.00% | $**0** | **0** |  | **61.68** |  |
| **1** | **61** | 105000 | **105000** | 5.00% | **0** | **0** |  | **61.99** | $**0** |
| **2** | **62** | 110250 | **110250** | 5.00% | **0** | **0** |  | **62.33** | **0** |
| **3** | **63** | 115763 | **115763** | 5.00% | **0** | **0** |  | **62.72** | **0** |
| **4** | **64** | 121551 | **121551** | 5.00% | **0** | **0** |  | **63.16** | **0** |
| **5** | **65** | 127628 | **127628** | 5.00% | **0** | **0** |  | **63.65** | **0** |
| **6** | **66** | 134010 | **134010** | 5.00% | **0** | **0** |  | **64.17** | **0** |
| **7** | **67** | 140710 | **140710** | 5.00% | **0** | **0** |  | **64.73** | **0** |
| **8** | **68** | 147746 | **147746** | 5.00% | **0** | **0** |  | **65.31** | **0** |
| **9** | **69** | 155133 | **155133** | 5.00% | **0** | **0** |  | **65.91** | **0** |
| **10** | **70** | 162889 | **162889** | 3.00% | **0** | **0** |  | **66.56** | **0** |
| **11** | **71** | 167776 | **167776** | 3.00% | **0** | **0** |  | **69.14** | **0** |
| **12** | **72** | 172809 | **172809** | 3.00% | **0** | **0** |  | **71.94** | **0** |
| **13** | **73** | 177994 | **177994** | 3.00% | **0** | **0** |  | **74.99** | **0** |
| **14** | **74** | 183334 | **183334** | 3.00% | **0** | **0** |  | **78.32** | **0** |
| **15** | **75** | 188834 | **188834** | 3.00% | **0** | **0** |  | **81.96** | **0** |
| **16** | **76** | 194499 | **194499** | 3.00% | **0** | **0** |  | **85.92** | **0** |
| **17** | **77** | 200333 | **200333** | 3.00% | **0** | **0** |  | **90.11** | **0** |

---

APP B-12

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **18** | **78** | 206343 | **206343** | 3.00% | **0** | **0** |  | **94.63** | **0** |
| **19** | **79** | 212534 | **212534** | 3.00% | **0** | **0** |  | **99.55** | **0** |
| **20 Before** | **80** | 218910 | **0(2)** | 1.50% | **109455(3)** | **109455(3)** |  |  |  |
| **20 After** | **80** | 97293 | **0(2)** | n/a | **97293(4)** | **0** | $82720(5) | **111.11(6)** | **12162(7)** |
| **21** | **81** | 85131 | **n/a** | n/a(8) | **85131** | **0** | n/a | **n/a** | **12162** |
| **22** | **82** | 72969 | **n/a** | n/a | **72969** | **0** | n/a | **n/a** | **12162** |
| **23** | **83** | 60807 | **n/a** | n/a | **60807** | **0** | n/a | **n/a** | **12162** |
| **24** | **84** | 48645 | **n/a** | n/a | **48645** | **0** | n/a | **n/a** | **12162** |
| **25** | **85** | 36483 | **n/a** | n/a | **36483** | **0** | n/a | **n/a** | **12162** |
| **26** | **86** | 24321 | **n/a** | n/a | **24321** | **0** | n/a | **n/a** | **12162** |
| **27** | **87** | 12159 | **n/a** | n/a | **12159** | **0** | n/a | **n/a** | **12162** |
| **28** | **88** | 0 | **n/a** | n/a | **0** | **0** | n/a | **n/a** | **12162** |
| **29** | **89** | 0 | **n/a** | n/a | **0** | **0** | **n/a** | **n/a** | **24323(9)** |
| **30** | **90** | 0 | **n/a** | n/a | **0** | **0** | **n/a** | **n/a** | **24323** |
| **31** | **91** | 0 | **n/a** | n/a | **0** | **0** | **n/a** | **n/a** | **24323** |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

(1)Payout Purchase Rates are only guaranteed if PPA Payouts begin within the Guarantee Window. Payouts that begin outside the Guarantee Window are generally established using rates set at our discretion, subject to the terms of your Contract. We cannot speculate what Payout Purchase Rates could be when commencing Personal Pension Account Payouts outside of the Guarantee Window. These rates may be as high as, but will never be greater than, the Payout Purchase Rates guaranteed for PPA Payouts we set at the time of your PPA Contributions. Payout amounts will be no lower than the non-forfeiture amount described in the Owner's contract.

(2)The Accumulation Balance is depleted to $0 based on all amounts being converted to Annuity Payout Value. CDSCs and Premium tax not shown in the Example.

(3)In Contract Year 20, the Owner elected to commute half of their Annuity Payout Value and receive the remaining half in the form of PPA Payouts. Thus, the Accumulation Balance of $218,910 is split in half. $109,455 is converted into Annuity Payout Value and will serve as the basis for PPA Payouts. The remaining $109,455 will serve as the basis for the Commuted Value calculation.

(4)The Annuity Payout Value of $109,455 is reduced by the PPA Payout of $12,162, leaving an Annuity Payout Value of $97,293 remaining.

(5)The Commuted Value depicted is based on commutation of half of the Annuity Payout Value, or $109,455, using a hypothetical discount rate of 6%. The Commuted Value is equal to the present value of the PPA Payout(s) associated with the Annuity Payout Value over the remaining Guaranteed Payout Duration (i.e., $109,455/$12,162 = 9) calculated using the discount rate.

(6)A hypothetical Payout Purchase Rate is used because PPA Payouts and commutation occur outside of the Guarantee Window.

(7)The PPA Payout is derived by multiplying the Annuity Payout Value by the appropriate Payout Purchase Rate and dividing by 1,000. In this case, $109,455\*111.11/1,000 = $12,162. However, in this example, half of the PPA Payouts are commuted and paid to the Owner in one lump sum. Life contingent PPA Payouts may resume after the Guarantee Payout Duration if the Annuitant and Owner are living as illustrated in Contract Years 29, 30, and 31.

(8)Interest is no longer credited under the PPA.

(9)In this case, the lifetime PPA Payouts for each Annuity Payout Value is $12,162 ($109,455\*111.11/1000 = $12,162). When combined, these lifetime PPA Payouts equal $24,323. Lifetime PPA Payouts begin because in this Example the Annuitant is still living. The Owner would give up these lifetime PPA Payouts if he or she terminated the Contract.

**<u>Example 5: Personal Pension Account Transfer Programs -</u> Effective October 3, 2014, the Personal Pension Account will be closed to new Personal Pension Account Contributions (i.e., subsequent Premium Payments and transfers of Contract Value).\*** Any sums allocated to the Personal Pension Account as of the close of business on October 3, 2014, can remain in the Personal Pension Account and with respect to these sums Contract Owners can continue to utilize the benefits and features of the Personal Pension Account as described in your Contract (including applicable riders).

If you are enrolled in any program (e.g., Dollar Cost Averaging Program) that automatically allocates subsequent contributions (Premium Payments) and/or transfers of Contract Value to the Personal Pension Account you MUST provide

APP B-13

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

us with alternative allocation instructions prior to October 3, 2014; otherwise your program will automatically terminate on October 3, 2014\*.

**\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Owners with Contracts issued in CT, FL, NJ and WA may continue to allocate new Personal Pension Account Contributions after October 3, 2014 and any programs that utilize the Personal Pension Account may remain in place. The Personal Pension Account was never available for Contracts issued in New York and Oregon.**

**<u>The following examples illustrate automatic transfers of investment gains from Sub-Account(s) into the PPA. The examples assume a $100,000 initial Premium Payment into the Sub-Account(s) with $10,000 initial Deposit into PPA. The examples illustrate the effect of these types of transfers on the components of the Contract in varying market conditions. Annual performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.</u>**

**(a)Fixed Dollar Amount Option**

Under this option, the client indicates the specific dollar amount to be transferred and frequency of the transfers. The below illustrates an annual transfer of $5,000 with program election occurring at the time of Contract issue. As used below, BOY refers to the beginning of Contract Year and EOY refers to the end of Contract Year.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contract <br>Year\*** | **Contract <br>Value <br>(BOY)** | **Contract <br>Value<br>(EOY)** | **Annual <br>Performance(1)** | **PPA -<br>Benefit <br>Balance(2) (BOY)** | **Total Death <br>Benefit <br>(BOY)** | **Transfer <br>Amount** |
| 1 | $100000 | $102000 | 2.00% | $10000 | $112000 | $5000 |
| 2 | 97000 | 100000 | 3.09% | 15300 | 115300 | 5000 |
| 3 | 95000 | 94500 | (0.53)% | 20759 | 115259 | 5000 |
| 4 | 89500 | 95000 | 6.15% | 26382 | 121382 | 5000 |
| 5 | 90000 | 98000 | 8.89% | 32173 | 130173 | 5000 |
| 6 | 93000 | 106000 | 13.98% | 38138 | 144138 | 5000 |
| 7 | 101000 | 104000 | 2.97% | 44283 | 148283 | 5000 |
| 8 | 99000 | 105000 | 6.06% | 50611 | 155611 | 5000 |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

(1)The annual performance displayed applies only to the Contract Value. Annual performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.

(2)Annual interests of 3% was utilized in determining the Benefit Balance.

**(b)Investment Gains Option**

Under this option, we will automatically transfer over any investment gains determined under the program on an annual basis into the PPA. In this example the program was established at the time of Contract issue and there is fluctuating (positive and negative) market conditions. As used below, BOY refers to beginning of Contract Year and EOY refers to end of Contract Year.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Contract <br>Year\*** | **Contract <br>Value <br>(BOY)** | **Contract <br>Value<br>(EOY)** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment**<br>**Gains(1)(2)** | **PPA <br>Benefit <br>Balance <br>(BOY)** | **PPA <br>Benefit <br>Balance <br>(EOY)(3)** |
| 1 | $100000 | $99000 | - | $10000 | $10300 |
| 2 | 99000 | 101000 | $1000 | 10300 | 11609 |
| 3 | 100000 | 95000 |  | 11609 | 11957 |
| 4 | 95000 | 93550 | -(4) | 11957 | 12316 |
| 5 | 93550 | 98000 | - | 12316 | 12685 |
| 6 | 98000 | 100000 | - | 12685 | 13066 |
| 7 | 100000 | 99500 | - | 13066 | 13458 |
| 8 | 99500 | 102000 | 2000 | 13458 | 158612 |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

&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)Investment Gains are determined by comparing the positive difference between your Anniversary Value and starting value adjusted for Surrenders as of each Contract Anniversary. For example, in Contract Year 2, we compare the $100,000 PPA Benefit Balance to the Contract Value EOY $101,000.

&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)Is the amount transferred to the PPA.

APP B-14

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Annual Credited Interest Rate of 3% was utilized in determining the Benefit Balance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)(4) No transfer to the PPA occurs as there are no Investment Gains.

**(c)Investment Gains Option**

Any optional Death Benefits elected with your Contract would be impacted by the transfer of investment gains.

Return of Premium V elected:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contract <br>Year\*** | **Contract <br>Value <br>(BOY)** | **Contract <br>Value<br>(EOY)** | **Investment**<br>**Gains** | **ROP V<br>PPA Transfer<br>Limit Prior<br>to Transfer** | **ROP V<br>Premiums Prior <br>to Transfer** | **ROP V<br>Premiums<br>After Transfer** |
| 1 | $100000 | $99000 | - | $5000 | $100000 | $100000 |
| 2 | 99000 | 101000 | $1000 | 5000 | 100000 | 99000(1) |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

Maximum Anniversary Value V elected:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contract <br>Year\*** | **Contract <br>Value <br>(BOY)** | **Contract <br>Value<br>(EOY)** | **Investment**<br>**Gains** | **MAV V<br>PPA Transfer<br>Limit Prior<br>to Transfer** | **Anniversary<br>Value Prior <br>to Transfer** | **Anniversary<br>Value <br>(EOY)** |
| 1 | $100000 | $99000 | - | $5000 | $100000 | $100000(2) |
| 2 | 99000 | 101000 | $1000 | 5000 | 100000 | 100000(3) |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Transfers to the PPA up to the PPA Transfer Limit impact the ROP V by the amount transferred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The Contract Year 1 Anniversary Value would also be adjusted to $99,000.00 due to the Contract Year 2 $1,000 transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Transfers to the PPA up to the PPA Transfer Limit impact the MAV V by the amount transferred. The $1,000 reduction is applied to the $101,000 Maximum Anniversary Value.

**(d)Income Path-Annual Transfer Schedule with Performance:**

In this example, the Income Path program is established at the time of Contract issue. The current age of the Annuitant is 70, and the Target Income Age is 75; therefore, the length of time to the Target Income Age 5 years. The starting allocation elected is 60% Contract Value and 40% PPA. The Target Allocation elected is 20% Contract Value and 80% PPA. If there was no financial activity and flat annual performance, we would transfer 8.00% annually:

(Contract Value starting allocation - Contract Value ending allocation) / number of years from program start date to Target Income Age

(60 - 20) / 5 = 8.00%

**(e)Income Path Annual Transfer Schedule with Performance:**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **"Prior to Transfer" <br>Percentages** | **"Prior to Transfer" <br>Percentages** | **Income Path<br>Program<br>Annual Allocation<br>Percentage<br>Targets** | **Income Path<br>Program<br>Annual Allocation<br>Percentage<br>Targets** | **Actual <br>Transfer <br>from CV to <br>PPA: <br>Percentage** | **"After Transfer" <br>Percentages** | **"After Transfer" <br>Percentages** |
|<br>**Contract <br>Year\*** |<br>**Annual<br>Contract<br>Value<br>Performance (1)** | **Contract<br>Value (BOY)** | **PPA - <br>Benefit <br>Balance** | **Contract<br>Value (EOY)** | **PPA - <br>Benefit <br>Balance** | **Transfer <br>of Contract <br>Value %** | **Contract<br>Value** | **PPA - <br>Benefit <br>Balance** |
|  |  | 60.0% | 40.00% | 60.0% | 40.00% |  | 60.0% | 40.00% |
| 1 | -0.07 | 57.53% | 42.47% | 56.67%(2) | 43.33% | 0.86%(3) | 56.67% | 43.33% |
| 2 | -0.14 | 52.20% | 47.80% | 53.34% | 46.66% | 0%(4) | 52.20% | 47.80% |
| 3 | 0.079 | 53.36% | 46.64% | 50.01% | 49.99% | 3.35% | 50.01% | 49.99% |
| 4 | 0.081 | 51.22% | 48.78% | 46.67% | 53.33% | 4.55% | 46.67% | 53.33% |
| 5 | 0.066 | 47.53% | 52.47% | 43.32% | 56.68% | 4.21% | 43.32% | 56.68% |
| 6 | -0.024 | 42.00% | 58.00% | 40.00% | 60.00% | 2.00% | 40.00% | 60.00% |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

(1)The annual performance displayed applies only to the Contract Value. Annual performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.

APP B-15

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

(2)Calculated as follows: previous year Contract Value percentage - (starting allocation - ending allocation) / number of years from program start date to Target Income Age: 60.00% - (60 - 40) / 6 = 56.67%

(3)Calculated as follows: Contract Value prior to transfer percentage - Contract Value percentage target: 57.53% - 56.67% = 0.86%

(4)No transfer occurs because the current allocation exceeds the Target Allocation for that year.

**Maximum Anniversary Value V Examples**

*The examples below illustrate the general operation and calculation of the benefit, as well as the impact that a partial Surrender (including an advisory fee withdrawals) may have on the benefit. Please note that these examples are based on hypothetical assumptions and do not reflect actual Contract performance.* 

This Death Benefit is equal to the greatest of A, B or C:

A = Contract Value (minus Premium Based Charges, if applicable);

B = Premium Payments adjusted for partial Surrenders; and

C = Maximum Anniversary Value.

**<u>Example 1: Assume your initial Premium Payment is $100,000.</u>**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract** <br>**Year\*** | **Contract** <br>**Value(1)(2)**<br>**"A"** | **PPA** <br>**Transfer** <br>**Limit(3)** | **Total** <br>**Premium<br>Payments<br>(adjusted by** <br>**Surrenders)**<br>**"B"** | **Contract** <br>**Value** <br>**Performance(2)** | **Anniversary** <br>**Value(4)** | **Maximum** <br>**Anniversary** <br>**Value at End of** <br>**Each Contract**<br>**Year**<br>**"C"** | **Guaranteed**<br>**Minimum**<br>**Death Benefit** <br>**at End of<br>Each Contract Year<br>Greatest of "A", "B",** <br>**and "C"** |
| 0 | $100000 | $5000 | $100000 | 0.00% |  |  | $100000 |
| 1 | 102120 | 5106 | 100000 | 2.12% | $102120 | $102120 | 102120 |
| 2 | 107001 | 5350 | 100000 | 4.78% | 107001(5) | 107001 | 107001 |
| 3 | 105664 | 5350 | 100000 | -1.25% | 105664 | 107001 | 107001 |
| 4 | 96260 | 5350 | 100000 | -8.90% | 96260 | 107001 | 107001 |
| 5 | 106425 | 5350 | 100000 | 10.56% | 106425 | 107001 | 107001 |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

(1)Does not reflect a Premium Based Charge, if applicable.

(2)Assumes annual performance on the Contract Value. Annual performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.

(3)The Transfer Limit set at each Contract Anniversary will equal 5% of the greater of Premium Payment(s) or Maximum Anniversary Value.

(4)Anniversary Value each year is first established as the Contract Value on that Anniversary and is later be adjusted by subsequent Premium Payments transfers to and from the PPA and partial Surrenders, if applicable.

(5)Is the highest Anniversary Value and therefore is the Maximum Anniversary Value (MAV).

**<u>Example 2: Assume your initial Premium Payment is $100,000. At the end of Contract Year 2 you apply a subsequent</u> <u>Premium Payment of $50,000. In Contract Year 3 you transfer $7,850, an amount equal to the PPA Transfer Limit, to</u> <u>the PPA. In Contract Year 5 you take a partial Surrender for $10,000.</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contract** <br>**Year\*** | **Contract** <br>**Value(1)(2)**<br>**"A"** | **PPA** <br>**Transfer** <br>**Limit(3)** | **Total** <br>**Premium<br>Payments<br>(adjusted by** <br>**Surrenders)**<br>**"B"** | **Anniversary** <br>**Value(4)** | **Maximum** <br>**Anniversary** <br>**Value at End of** <br>**Each Contract**<br>**Year(2)**<br>**"C"** | **Guaranteed**<br>**Minimum**<br>**Death Benefit** <br>**at End of<br>Each Contract Year<br>Greatest of "A", "B",** <br>**and "C"** |
| 0 | $100000 | $5000 | $100000 |  |  | $100000 |
| 1 | 102120 | 5000 | 100000 | $133989(5)(6)(7) | $102120 | 102120 |
| 2 | 157001 | 5106 | 150000(8) | 138522(5)(6)(7)(9) | 157001 | 157001 |
| 3 | 147189 | 7850 | 142150(10) | 136700(6) | 149151 | 149151 |
| 4 | 134089 | 7458 | 142150 | 124533(6) | 149151 | 149151 |
| 5 | 130324 | 7458 | 132020(6) | 130324 | 138522 | 138522(9) |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

APP B-16

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

(1)Does not reflect a Premium Based Charge, if applicable.

(2)Assumes annual performance on the Contract Value, as well as subsequent Premium Payment, transfers to and from the Personal Pension Account and partial Surrender activity. Annual performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.

(3)The Transfer Limit set at each Contract Anniversary will equal 5% of the greater of Premium Payment(s) or Maximum Anniversary Value.

(4)Anniversary Value each year is first established as the Contract Value on that Anniversary and is later be adjusted by subsequent Premium Payments, transfers to and from the Personal Pension Account and partial Surrenders, if applicable.

(5)The Contract Year 1 & 2 Anniversary Values are adjusted by the subsequent Premium Payment of $50,000.

(6)The $10,000 partial Surrender results in a factor of 0.92873 being applied to Premium Payments as well as all previous Anniversary Values. The factor of 0.92873 is derived by 1-(partial Surrender $10,000 / Contract Value prior to Surrender $140,324).

(7)The $7,850 transfer to the Personal Pension Account results in a dollar-for-dollar reduction to Premium Payments as well as all previous Anniversary Values.

(8)Premium Payments of $100,000 are adjusted by the subsequent Premium Payment of $50,000.

(9)Is the Maximum Anniversary Value as adjusted by subsequent Premium Payments, transfers to and from the Personal Pension Account and partial Surrenders.

(10)Premium Payments of $150,000 are adjusted by the transfer to the Personal Pension Account of $7,850.

**<u>Example 3: Assume the same facts as the example above, except that in Contract Year 3 you transfer $10,000, an</u> <u>amount in excess of the PPA Transfer Limit, to the PPA.</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contract** <br>**Year\*** | **Contract** <br>**Value "A"(1)(2)** | **PPA** <br>**Transfer** <br>**Limit(3)** | **Premium<br>Payments**<br>**"B"** | **Anniversary** <br>**Value(4)** | **Maximum** <br>**Anniversary** <br>**Value at End of** <br>**Each Contract**<br>**Year(2)**<br>**"C"** | **Guaranteed**<br>**Minimum**<br>**Death Benefit** <br>**at End of<br>Each Contract Year<br>Greatest of "A", "B",** <br>**and "C"** |
| 0 | $100000 | $5000 | $100000 |  |  | $100000 |
| 1 | 102120 | 5000 | 100000 | $132559(5)(6)(7) | $102120 | 102120 |
| 2 | 157001 | 5106 | 150000(8) | 136344(5)(6)(7)(9) | 157001 | 157001 |
| 3 | 145039 | 7850 | 140074(10) | 134550(6) | 146973 | 146973 |
| 4 | 132130 | 7349 | 140074 | 122575(6) | 146973 | 146973 |
| 5 | 128274 | 7349 | 129943(6) | 128274 | 136344 | 136344(9) |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

(1)Does not reflect a Premium Based Charge, if applicable.

(2)Assumes annual performance on the Contract Value, as well as subsequent Premium Payment, transfer to/from PPA, and partial Surrender activity. Annual performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.

(3)The Transfer Limit set at each Contract Anniversary will equal 5% of the greater of Premium Payment(s) or Maximum Anniversary Value.

(4)Anniversary Value each year is first established as the Contract Value on that Anniversary and is later adjusted by subsequent Premium Payments, transfers to and from the PPA, and partial Surrenders, if applicable.

(5)The Contract Year 1 & 2 Anniversary Values are adjusted by the subsequent Premium Payment of $50,000.

(6)The $10,000 partial Surrender results in a factor of 0.92768 being applied to Premium Payments as well as all previous Anniversary Values. The factor of 0.92768 is derived by 1-(partial Surrender $10,000 / Contract Value prior to Surrender $138,274).

(7)The $10,000 transfer to the Personal Pension Account results in a dollar for dollar reduction to Premium Payments as well as all previous Anniversary Values up to the PPA Transfer Limit of $7,850 and then a factor of 0.98539 is applied. The factor of 0.98539 is derived by 1-(A/(B-C)): A is the amount transferred in excess of the PPA Transfer Limit $2,145; B is the Contract Value prior to the transfer $155,039; and C is the PPA Transfer Limit less any previous transfers to the PPA that contract year $7,850.

(8)Premium Payments of $100,000 are adjusted by the subsequent Premium Payment of $50,000.

APP B-17

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

(9)Is the Maximum Anniversary Value as adjusted by subsequent Premium Payments, transfers to/from Personal Pension Account, and partial Surrenders.

(10)Premium Payments of $150,000 are adjusted by the transfer to the PPA of $10,000.

**<u>Example 4: Maximum Anniversary Value V Rider Charge Example - Assume the Maximum Anniversary Value is $102,120.00 and Premium Payments is $100,000. The current rider charge is 0.75%.</u>**

The current rider charge is assessed on the greater of the Maximum Anniversary Value or Premium Payments; therefore, the rider charge is $766, or $102,120 x 0.75%.

**<u>Example 5: A proportional reduction, in the form of a factor, is applied when a transfer to the Personal Pension Account</u> <u>in excess of the Transfer Limit occurs or when a partial Surrender is made.</u>**

The formula to calculate the proportional factor is 1 - (A / B):

A = The amount of the Surrender or transfer that exceeds a permissible limit, and

B = The Contract Value immediately prior to the transaction.

This example illustrates the impact of a transfer to the PPA in excess of the PPA Transfer Limit on the Maximum Anniversary Value V optional death benefit. Assume an amount equal to the PPA Transfer Limit has already been transferred during the Contract Year, and an additional amount of $10,000 is transferred to the PPA during the same Contract Year. Assume there have been no Surrenders and no prior excess transfers to the PPA.

Values immediately prior to the partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract Value is $140,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your total Premium Payments are $120,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Maximum Anniversary Value V component of your Death Benefit is $150,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Personal Pension Account Benefit Balance is $6,000.

The factor for this transaction is 0.92857 and was derived from: 1 - ($10,000/$140,000).

Values after the partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract Value is $130,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your total Premium Payments are $120,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Premium Payments adjusted for partial Surrenders and excess transfers to the PPA are $111,429.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Maximum Anniversary Value V component of your death benefit is $139,286.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your PPA Benefit Balance is $16,000.

**Return of Premium V Examples**

*The examples below illustrate the general operation and calculation of the benefit, as well as the impact that a partial Surrender (including an advisory fee withdrawals) may have on the benefit. Please note that these examples are based on hypothetical assumptions and do not reflect actual Contract performance.* 

**<u>Example 1: Assume your initial Premium Payment is $100,000. In Contract Year 2 you apply a subsequent Premium</u> <u>Payment of $50,000. In Contract Year 3 you transfer $7,500.00, an amount equal to the Personal Pension Account</u> <u>Transfer Limit, to the Personal Pension Account. In Contract Year 5 you take a partial Surrender for $10,000.</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **<br>Contract<br>Year\*** | **<br>Contract<br>Value(1)(2)** | **PPA Transfer Limit(3)** | **<br>Premium<br>Payments** | **Guaranteed <br>Minimum<br>Death Benefit<br>at End of<br>Each Contract Year** |
|  | $100000 |  | $100000 | $100000 |
| 1 | 102120 | $5000 | 100000 | 102120 |
| 2 | 157001 | 5000 | 150000(4) | 157001 |
| 3 | 147539 | 7500 | 142500(5) | 147539 |
| 4 | 134408 | 7125 | 142500 | 142500 |
| 5 | 130658 | 7125 | 132369(6) | 132369 |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

&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;(1)Does not reflect a Premium Based Charge, if applicable.

&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;(2)Assumes annual performance on the Contract Value, as well as subsequent Premium Payment and partial Surrender activity.

&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;(3)The Transfer Limit set at each Contract Anniversary will equal 5% of Premium Payment(s).

&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;(4)Premium Payments of $100,000 are adjusted by the subsequent Premium Payment of $50,000.

APP B-18

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

&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;(5)Premium Payments of $150,000 are adjusted by the transfer to the PPA of $7,500.

&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;(6)The $10,000 partial Surrender results in a factor of 0.92890 being applied to Premium Payments. After multiplying the factor of 0.92890 to $142,500, the adjusted Premium Payments equal $132,369. The factor of 0.92890 is derived by 1-(partial Surrender $10,000 / Contract Value prior to Surrender $140,658).

**<u>Example 2: Assume the same facts as the example above, except that in Contract Year 3 you transfer $10,000, an</u> <u>amount in excess of the PPA Transfer Limit, to the Personal Pension Account.</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **<br>Contract<br>Year\*** | **<br>Contract<br>Value(1)(2)** | **PPA Transfer Limit(3)** | **<br>Premium<br>Payments** | **Minimum<br>Guaranteed<br>Death Benefit<br>at End of<br>Each Contract Year** |
| 1 | 102120 | $5000 | 100000 | 102120 |
| 2 | 157001 | 5000 | 150000(4) | 157001 |
| 3 | 145039 | 7500 | 140085(5) | 145039 |
| 4 | 132130 | 7004 | 140085 | 140085 |
| 5 | 128274 | 7004 | 129954(6) | 129954 |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

&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;(1)Does not reflect a Premium Based Charge, if applicable.

&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;(2)Assumes annual performance on the Contract Value, as well as subsequent Premium Payment and partial Surrender activity.

&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;(3)The Transfer Limit set at each Contract Anniversary will equal 5% of Premium Payment(s).

&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;(4)Premium Payments of $100,000 are adjusted by the subsequent Premium Payment of $50,000.

&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;(5)The $10,000 transfer to the PPA results in a dollar-for-dollar reduction to Premium Payments as well as all previous Anniversary Values up to the PPA Transfer Limit of $7,500 and then a factor of 0.98305 is applied. The factor of 0.98305 is derived by 1-(A/(B-C)): A is the amount transferred in excess of the PPA Transfer Limit $2,500; B is the Contract Value prior to the transfer $155,039; and C is the Personal Pension Account Transfer Limit less any previous transfers to the PPA that Contract Year $7,500.

&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;(6)The $10,000 partial Surrender results in a factor of 0.92890 being applied to Premium Payments. After multiplying the factor of 0.92768 to $140,085, the adjusted Premium Payments equal $129,954. The factor of 0.92768 is derived by 1-(partial Surrender $10,000 / Contract Value prior to Surrender $138,274).

**<u>Example 3: A proportional reduction, in the form of a factor, is applied when a transfer to the Personal Pension Account in excess of the Transfer Limit occurs or when a partial Surrender is made.</u>**

**<u>The formula to calculate the proportional factor is 1 - (A / B):</u>**

**<u>A = The amount of the surrender or transfer that exceeds a permissible limit, and</u>**

**<u>B = The Contract Value immediately prior to the transaction.</u>**

**<u>This example illustrates the impact of a partial Surrender on ROP V in a down market. Assume a partial Surrender</u> <u>taken in Contract Year 2 equals $5,000. All Surrenders reduce your ROP V Death Benefit value on a proportional basis.</u>**

Values immediately prior to the partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract Value is $85,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your total Premium Payments are $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your ROP V Death Benefit value is $100,000.

The factor for this transaction is 0.94117 and was derived from: 1 - ($5,000/$85,000).

Values after the partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract Value is $80,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your total Premium Payments are $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your ROP V Death Benefit value is $94,118.

APP B-19

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**Maximum Daily Value Examples**

*The examples below illustrate the general operation and calculation of the benefit, as well as the impact that a partial Surrender (including an advisory fee withdrawals) may have on the benefit. Please note that these examples are based on hypothetical assumptions and do not reflect actual Contract performance.* 

**<u>Example 1: Assume your initial Premium Payment is $100,000. On the 2nd Friday, you make an additional Premium Payment of $50,000</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation<br>Days** | **Contract<br>Value(1)** | **Maximum<br>Daily Value** | **Premium<br>Payments** | **Maximum Daily<br>Value Death<br>Benefit(2)** |
| Monday | $100000 | $100000 | $100000 | $100000 |
| Tuesday | 98105 | 100000 | 100000 | 100000 |
| Wednesday | 98887 | 100000 | 100000 | 100000 |
| Thursday | 101321(3) | 101321(3) | 100000 | 101321 |
| Friday | 101895(3) | 101895(3) | 100000 | 101895 |
| Monday | 103676(3) | 103676(3) | 100000 | 103676 |
| Tuesday | 105460(3) | 105460(3) | 100000 | 105460 |
| Wednesday | 105120 | 105460 | 100000 | 105460 |
| Thursday | 103895 | 105460 | 100000 | 105460 |
| Friday | 155108(4) | 155460(4) | 150000(4) | 155460(4) |

---

&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;(1)Does not reflect Premium Based Charge, if applicable.

&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;(2)The Death Benefit under Maximum Daily Value pays the greatest value of (A) the Maximum Daily Value, adjusted for partial Surrenders and Transfers to the PPA; (B) the Premium Payments, adjusted for partial Surrenders and Transfers to the PPA; or (C) the Contract Value, less Premium Based Charge, if applicable.

&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;(3)The Maximum Daily Value component is equal to the greater of the Contract Value or the Maximum Daily Value as of the prior Valuation Day.

&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;(4)The additional Premium Payment increases the Maximum Daily Value and Premium Payments components on a dollar-for-dollar basis.

**<u>Example 2: Assume you take a partial Surrender of $5,000 on the following Tuesday (prior to the partial Surrender, the Contract Value was $103,385).</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation<br>Days** | **Contract<br>Value(1)** | **Maximum<br>Daily Value** | **Premium<br>Payments** | **Maximum Daily<br>Value Death<br>Benefit** |
| Monday | $102568 | $105460 | $100000 | $105460 |
| Tuesday | 98385 | 100360(2) | 95164(2) | 100360 |
| Wednesday | 99887 | 100360 | 95164 | 100360 |
| Thursday | 99460 | 100360 | 95164 | 100360 |
| Friday | 101052 | 101052(3) | 95164 | 101052 |

---

&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;(1)Does not reflect Premium Based Charge, if applicable.

&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;(2)The partial Surrender adjusts the Maximum Daily Value and Premium Payments components each by a factor of 0.95164. The factor is derived as [ 1 - ($5,000 / $103,385) ].

&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;(3)The Maximum Daily Value continues to increase any day that the Contract Value exceeds the Maximum Daily Value as of the prior Valuation Day.

APP B-20

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**<u>Example 3: Assume the same facts as above, and that you have elected Daily Lock Income Benefit and have a Lifetime Benefit Payment available of $5,677 when you take the partial Surrender of $5,000.</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation<br>Days** | **Contract<br>Value(1)** | **Maximum<br>Daily Value** | **Premium<br>Payments** | **Maximum Daily<br>Value Death<br>Benefit** |
| Monday | $102568 | $105460 | $100000 | $105460 |
| Tuesday | 98385 | 100460(2) | 95000(2) | 100460 |
| Wednesday | 99887 | 100460 | 95000 | 100460 |
| Thursday | 99460 | 100460 | 95000 | 100460 |
| Friday | 101052 | 101052 | 95000 | 101052 |

---

&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;(1)Does not reflect Premium Based Charge, if applicable.

&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;(2)The partial Surrender adjusts the Maximum Daily Value and Premium Payments components each by the dollar amount of the partial Surrender.

**<u>Example 4: Assume the same facts as Example 3, but instead of a partial Surrender you transfer $5,000 to the PPA on</u> <u>Tuesday. This is an amount equal to the applicable PPA Transfer Limit. Then, on Thursday and during the same</u> <u>Contract Year, you Transfer another $5,000 to the PPA (prior to this second Transfer, the Contract Value is $99,460).</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation<br>Days** | **Contract<br>Value(1)** | **Maximum<br>Daily Value** | **Premium<br>Payments** | **Maximum Daily<br>Value Death<br>Benefit** |
| Monday | $102568 | $105460 | $100000 | $105460 |
| Tuesday | 98385 | 100460(2) | 95000(2) | 100460 |
| Wednesday | 99887 | 100460 | 95000 | 100460 |
| Thursday | 94460 | 95410(3) | 90224(3) | 95410 |
| Friday | 96052 | 96052 | 90224 | 96052 |

---

&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;(1)Does not reflect Premium Based Charge, if applicable.

&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;(2)The Transfer to PPA adjusts the Maximum Daily Value and Premium Payments components each by the dollar amount of the Transfer.

&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;(3)The Transfer to PPA adjusts the Maximum Daily Value and Premium Payments components each by a factor of 0.94973. The factor is derived as [ 1 - ($5,000 / $99,460) ].

**Legacy Lock Examples**

*The examples below illustrate the general operation and calculation of the benefit, as well as the impact that a partial Surrender (including an advisory fee withdrawals) may have on the benefit. Please note that these examples are based on hypothetical assumptions and do not reflect actual Contract performance.* 

Your Legacy Lock is the greatest of Return of Premium V or Enhanced Return of Premium.

**<u>Example 1: Assume your initial Deposit is $100,000. At the end of Contract Year 1, you Surrender $5,300, which is</u> <u>equal to the Future6 or Daily Lock Income Benefit Lifetime Benefit Payment. In Contract Year 3, you Surrender $7,000,</u> <u>which is greater than the Lifetime Benefit Payment of $5,300.</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **After Transaction** | **After Transaction** | **After Transaction** | **After Transaction** |
|<br>**<br>Contract<br>Year\*** |<br>**Contract Value <br>Prior to <br>Transactions(1)(2)** | **Contract<br>Value** | **Premium <br>Payments <br>Component of <br>ROP V** | **Enhanced Return <br>of Premium <br>component of <br>Legacy Lock** | **Legacy Lock(1)** |
| 0 | $100000 | $100000 | $100000 | $100000 | $100000 |
| 1 | 102120 | $96820 | 94810(3) | 100000(3) | $100000 |
| 2 | 101448 | $101448 | 94810 | 100000 | $101448 |
| 3 | 100180 | $93180 | 88185(4) | 98208(4) | $98208 |
| 4 | 84887 | $84887 | 88185 | 98208 | $98208 |
| 5 | 93851 | $93851 | 88185 | 98208 | $98208 |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date

&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;(1)Does not reflect a Premium Based Charge, if applicable.

&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;(2)Assumes annual performance on the Contract Value, as well as partial Surrenders.

APP B-21

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

&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;(3)As a result of the Surrender, the Return of Premium V is adjusted by a proportional factor of 0.94810. This factor is derived by 1- (A / B): A is the amount of the Surrender; and B is the Contract Value prior to the Surrender. Because the Surrender did not exceed the Lifetime Benefit Payment, the Legacy Lock is not adjusted.

&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;(4)As a result of the Surrender, the Return of Premium V is adjusted by a proportional factor of 0.93013. This factor is derived by 1 - (A / B): A is the amount of the Surrender; and B is the Contract Value prior to the Surrender. Because the Surrender was in excess of the Lifetime Benefit Payment, the Legacy Lock is adjusted by a proportional factor of 0.98208. This factor is derived by 1 - (A/(B-C)): A is the amount Surrendered in excess of the Lifetime Benefit Payment; B is the Contract Value prior to the Surrender; and C is the available Lifetime Benefit Payment prior to the Surrender.

**<u>Example 2: Assume your initial Deposit is $100,000. In Contract Year 2, you transfer $10,000 to the PPA; this amount is in excess of the PPA Transfer Limit of $5,600.</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **After Transaction** | **After Transaction** | **After Transaction** | **After Transaction** |
|<br>**<br>Contract<br>Year\*** |<br>**Contract Value <br>Prior to <br>Transactions(1)(2)** | **Contract<br>Value** | **Premium <br>Payments <br>Component of <br>ROP V** | **Enhanced Return <br>of Premium <br>component of <br>Legacy Lock** | **Legacy Lock(1)** |
| 0 | $100000 | $100000 | $100000 | $100000 | $100000 |
| 1 | 102120 | $102120 | 100000 | 100000 | $102120 |
| 2 | 107001 | $97001 | 90304(3) | 90304(3) | $97001 |
| 3 | 95789 | $95789 | 90304 | 90304 | $95789 |
| 4 | 87264 | $87264 | 90304 | 90304 | $90304 |
| 5 | 96479 | $96479 | 90304 | 90304 | $96479 |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

&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;(1)Does not reflect a Premium Based Charge, if applicable.

&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;(2)Assumes annual performance on the Contract Value, as well as partial Surrender activity.

&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;(3)As a result of the transfer, both the Return of Premium V and Legacy Lock are adjusted. Each amount is first adjusted for the amount that does not exceed the PPA Transfer Limit ($5,600). Then, each value is adjusted by a proportional factor of 0.95660. This factor is derived as 1 - (A/(B-C)): A is the amount transferred in excess of the PPA Transfer Limit; B is the Contract Value prior to the transfer; and C is the amount of the available PPA Transfer Limit prior to the transaction.

**Safety Plus Examples**

*The examples below illustrate the general operation and calculation of the benefit, as well as the impact that a partial Surrender (including an advisory fee withdrawals) may have on the benefit. Please note that these examples are based on hypothetical assumptions and do not reflect actual Contract performance.* 

**<u>Example 1: Assume your initial Premium Payment is $100,000. Prior to your first Contract Anniversary, you apply a</u> <u>subsequent Premium Payment of $50,000. In Contract Year 3 you apply an additional subsequent Premium Payment of $15,000.</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Contract<br>Year\*** | **Contract<br>Value(1)(2)** | **Premium<br>Payments** | **Guaranteed <br>Accumulation <br>Benefit** | **Credit to <br>Contract Value, <br>if any** |
| 0 | $100000 | $100000 | $100000 |  |
| 0.5 | 145000 | 150000 | 150000(3) |  |
| 1 | 146450 | 150000 | 150000 |  |
| 2 | 158166 | 150000 | 150000 |  |
| 3 | 182656(4) | 165000(4) | 150000(4) |  |
| 4 | 160737 | 165000 | 150000 |  |
| 5 | 152700 | 165000 | 150000 |  |
| 6 | 166443 | 165000 | 150000 |  |
| 7 | 174766 | 165000 | 150000 |  |
| 8 | 157289 | 165000 | 150000 |  |
| 9 | 143133 | 165000 | 150000 |  |
| 10 | 135976 | 165000 | 150000 | $14024(5) |

---

APP B-22

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<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

&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;(1)Does not reflect a Premium Based Charge, if applicable.

&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;(2)Assumes annual performance on the Contract Value, as well as subsequent Premium Payment activity.

&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;(3)The Guaranteed Accumulation Benefit of $100,000 is adjusted by the subsequent Premium Payment in the first Contract Year of $50,000.

&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;(4)The Guaranteed Accumulation Benefit of $150,000 is not adjusted by the subsequent Premium Payment in the third Contract Year of $15,000.

&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;(5)On the rider maturity date, a credit equal to the difference in the Contract Value and the Guaranteed Accumulation Benefit is applied to the Contract Value to bring the Contract Value equal to the Guaranteed Accumulation Benefit $150,000.

**<u>Example 2: Assume your initial Premium Payment is $100,000. In Contract Year 1 you transfer $5,000, an amount</u> <u>equal to the PPA Transfer Limit, to the PPA. After the rider maturity date, but prior to the eleventh Contract Anniversary, you transfer an amount equal to your Contract Value to the PPA.</u>**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Contract<br>Year\*** | **Contract<br>Value(1)(2)** | **Guaranteed <br>Accumulation <br>Benefit** | **Credit to <br>Contract Value, <br>if any** | **PPA Accumulation <br>Balance(3)** |
| 0 | $100000 | $100000 |  | $5000 |
| 1 | 90950 | 95000(4) |  | 5150 |
| 2 | 98226 | 95000 |  | 5304 |
| 3 | 104119 | 95000 |  | 5464 |
| 4 | 91625 | 95000 |  | 5627 |
| 5 | 87044 | 95000 |  | 5796 |
| 6 | 94878 | 95000 |  | 5970 |
| 7 | 99622 | 95000 |  | 6149 |
| 8 | 105101 | 95000 |  | 6334 |
| 9 | 98690 | 95000 |  | 6524 |
| 10 | 95729 | 95000 | $0(5) | 6720 |
| 11 | 0 | 0 |  | 111064(6) |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

&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;(1)Does not reflect a Premium Based Charge, if applicable.

&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;(2)Assumes annual performance on the Contract Value, as well as transfer to the PPA activity.

&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;(3)Assumes a Credited Interest Rate of 3% is applied to the PPA Accumulation Balance.

&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;(4)The Guaranteed Accumulation Benefit of $100,000 is adjusted by the transfer to the PPA in the first Contract Year of $5,000.

&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;(5)On the rider maturity date, a credit is not applied to the Contract Value since the Contract Value exceeds the Guaranteed Accumulation Benefit.

&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;(6)An amount equal to $104,345 is transferred to the PPA; this amount is equal to the entire Contract Value and assumes investment performance of 9.0% since the 10th Contract Anniversary. $95,000 of the total $104,345 transferred will receive maximum guaranteed Payout Purchase Rates with a one-time increase to the Payout Purchase Rate (referred to as an Income Enhancer). The remaining $9,345 transferred will receive then current maximum guaranteed Payout Purchase Rates. Please Section 7, Safety Plus, "Does your Benefit Base Change Under the Rider."

**<u>Example 3: Assume an initial contribution of $100,000, and during Contract Year 4 you make a partial Surrender of$7,000.</u>**

---

| | | | |
|:---|:---|:---|:---|
| **Contract<br>Year\*** | **Contract<br>Value(1)(2)** | **Partial <br>Surrender** | **Guaranteed <br>Accumulation <br>Benefit** |
| 0 | $100000 | $0 | $100000 |
| 1 | 93000 |  | 100000 |
| 2 | 84630 |  | 100000 |
| 3 | 88862 |  | 100000 |

---

APP B-23

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

---

| | | | |
|:---|:---|:---|:---|
| 4 | 94193 | $7000 | 92568(2) |
| 5 | 97961 |  | 92568 |
| 6 | 96002 |  | 92568 |
| 7 | 102722 |  | 92568 |
| 8 | 110940 |  | 92568 |
| 9 | 105393 |  | 92568 |
| 10 | 106447 |  | 92568(3) |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

&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;(1)Does not reflect a Premium Based Charge, if applicable

&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;(2)The partial Surrender of $7,000 reduces the Guaranteed Accumulation Benefit by a factor of 0.92568, The factor is derived from 1 - ($7,000 / $94,193).

&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;(3)Because the Guaranteed Accumulation Benefit is less than the Contract Value on the tenth Anniversary, there would be no adjustment applied. The Safety Plus rider would subsequently terminate.

**<u>Example 4: A proportional reduction, in the form of a factor, is applied when a transfer to the PPA in excess of the Transfer Limit occurs or when a partial Surrender is made. The formula to calculate the proportional factor is 1 - (A / B):</u>**

**<u>A = The amount of the surrender or transfer that exceeds a permissible limit, and</u>**

**<u>B = The Contract Value immediately prior to the transaction.</u>**

**<u>This example illustrates the impact of a partial surrender on the Safety Plus rider in a down market. Assume a partial</u> <u>Surrender taken in Contract Year 4 equals $8,000. All surrenders reduce the Guaranteed Accumulation Benefit value</u> <u>on a proportional basis.</u>**

Values immediately prior to the partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract Value is $90,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your total Premium Payments are $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Guaranteed Accumulation Benefit value is $100,000.

The factor for this transaction is 0.911111 and was derived from: 1 - ($8,000/$90,000).

Values after the partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract Value is $82,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your total Premium Payments are $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Guaranteed Accumulation Benefit value is $91,111.

**Future5 and Future6 Examples**

*The examples below illustrate the general operation and calculation of the benefit, as well as the impact that a partial Surrender (including an advisory fee withdrawals) may have on the benefit. Please note that these examples are based on hypothetical assumptions and do not reflect actual Contract performance.* 

Future 5 and Future6 operate similarly except vary by Deferral Bonus, fees and investment restrictions. The following benefit features illustrated below apply to Future5 and Future6 interchangeably.

**<u>Example 1: Assume your initial Premium Payment is $100,000. Your Contract Value, Payment Base and Bonus Base are all equal to $100,000. You have elected Future5 - Single Life, and based on your age of 60 you initial Withdrawal</u> <u>Percentage is at 4%. In Contract Years 7, 9, 11 and 12 you take partial Surrender of the amount equal to your available</u> <u>Lifetime Benefit Payment. In Contract Year 10, you take a partial Surrender of $10,000.</u>**

APP B-24

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract<br>Year\*** | **Age** | **Contract<br>Value(1)(2)** | **Deferral<br>Bonus** | **Withdrawal<br>Percentage** | **Lifetime <br>Benefit <br>Payment** | **Surrender<br>Amount** | **Payment Base at <br>End of Each <br>Contract Year** | **Bonus Base at <br>End of Each <br>Contract Year** |
| 0 | 60 | $100000 | $0 | 4% | $4000 | $0 | $100000 | $100000 |
| 1 | 61 | 93930 | 5000 | 4% | 4200 | 0 | 105000(3) | 100000 |
| 2 | 62 | 101632 | 5000 | 4% | 4400 | 0 | 110000 | 100000 |
| 3 | 63 | 106694 | 5000 | 4% | 4600 | 0 | 115000 | 100000 |
| 4 | 64 | 118408 | 5000 | 4% | 4800 | 0 | 120000 | 100000 |
| 5 | 65 | 125726 | 5000 | 5% | 6286(4) | 0 | 125726(5) | 125726(5) |
| 6 | 66 | 137306 | 6286 | 5% | 6865 | 0 | 137306 | 137306 |
| 7 | 67 | 127722 | 6865 | 5% | 7209 | 7209(6) | 144171 | 0(6) |
| 8 | 68 | 126683 | 0 | 5% | 7209 | 0 | 144171 | 0 |
| 9 | 69 | 134538 | 0 | 5% | 7209 | 7209 | 144171 | 0 |
| 10 | 70 | 138025 | 0 | 5% | 7209 | 10000(7) | 141094(7) | 0 |
| 11 | 71 | 140955 | 0 | 5% | 7055 | 7055 | 141094 | 0 |
| 12 | 72 | 141319 | 0 | 5% | 7066 | 7066 | 141319 | 0 |

---

\* &nbsp;&nbsp;&nbsp;&nbsp;Contract Year "0" represents your Contract issue date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;Assumes annual performance on the Contract Value and partial Surrender activity. Annual performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) &nbsp;&nbsp;&nbsp;&nbsp;Does not reflect a Premium Based Charge, if applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) &nbsp;&nbsp;&nbsp;&nbsp;The Deferral Bonus is applied to the Payment Base on Contract Anniversaries 1, 2, 3 and 4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) &nbsp;&nbsp;&nbsp;&nbsp;The Lifetime Benefit Payment increases as the result of the increases in the Payment Base. Additionally, because no Surrenders have been taken, the Withdrawal Percentage increases to 5% upon attaining the age of 65.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) &nbsp;&nbsp;&nbsp;&nbsp;Applies a Market Increase to the Payment Base and the Bonus Base on Contract Anniversaries 5 and 6 because the Contract Value exceeds the Deferral Bonus Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) &nbsp;&nbsp;&nbsp;&nbsp;A partial Surrender equal to the Lifetime Benefit Payment does not impact the Payment Base or Lifetime Benefit Payment, but as the first Surrender it resets the Bonus Base to $0 and there are no subsequent Deferral Bonus opportunities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) &nbsp;&nbsp;&nbsp;&nbsp;A partial Surrender of $10,000 is in excess of the Lifetime Benefit Payment; the Payment Base is reset by a factor of 0.97866 derived from 1 - ($2,791 / ($138,025 - $7,209)).

**<u>Example 2: Assume the election of Future5 and Maximum Anniversary Value V, with an initial Premium Payment of</u>**

**<u>$100,000 at age 65. In Contract Year 2, a transfer to the PPA equal to the Transfer Limit occurs. In Contract Year 4, a transfer in excess of the Transfer Limit occurs.</u>**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Contract<br>Year\*** | **Contract<br>Value(1)** | **Future5 <br>Payment Base <br>at Beginning of <br>Each Contract <br>Year** | **MAV V Death <br>Benefit at <br>Beginning of <br>Each <br>Contract <br>Year** | **PPA Transfer <br>Limit / Lifetime <br>Benefit <br>Payment(2)** | **Transfer <br>to PPA** | **Future5 <br>Payment Base <br>at End of Each<br>Contract Year** | **MAV V Death <br>Benefit at End<br>of Each <br>Contract Year** |
| 0 | $100000 | $100000 | 100000 | $5000 | $0 | $100000 | $100000 |
| 1 | 93930 | 105000 | 100000 | 5250 | 0 | 105000 | 100000 |
| 2 | 101632 | 110000 | 101632 | 5500 | 5500(3) | 104500 | 96132 |
| 3 | 100920 | 109500 | 100920 | 5475 | 0 | 109500 | 100920 |
| 4 | 112001 | 114500 | 112001 | 5725 | 10000(4) | 104399(4) | 102001(4) |
| 5 | 108304 | 108304 | 108304 | 5415 | 0 | 108304 | 108304 |
| 6 | 118279 | 118279 | 118279 | 5914 | 0 | 118279 | 118279 |
| 7 | 110023 | 118279 | 118279 | 5914 | 0 | 118279 | 118279 |
| 8 | 115656 | 118279 | 118279 | 5914 | 0 | 118279 | 118279 |

---

(1) &nbsp;&nbsp;&nbsp;&nbsp;Assumes annual performance on the Contract Value as well as transfers to/from PPA. Annual performance is only shown for illustration purposes, and is not indicative of the performance you have achieved or will achieve under the rider.

APP B-25

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

(2) &nbsp;&nbsp;&nbsp;&nbsp;When Future5 is elected and the Lifetime Eligible Income Date has been attained, the prevailing PPA Transfer Limit for both optional benefits is equal to the Lifetime Benefit Payment. This is because the Future5 or Future6 Transfer Limit always prevails over any optional Death Benefit Transfer Limits.

(3) &nbsp;&nbsp;&nbsp;&nbsp;The transfer of $5,500 equals the PPA Transfer Limit; the Future5 Payment Base and MAV V Death Benefit is reduced by the dollar amount of the transfer.

(4) &nbsp;&nbsp;&nbsp;&nbsp;The transfer of $10,000 exceeds the PPA Transfer Limit; the Future5 Payment Base is first reduced by the dollar amount up to the PPA Transfer Limit, and then by a factor of 0.95977 (Derived from 1 - (($10,000 - $5,725) / ($112,001 - $5,725)). The MAV V is similarly reset, first by the dollar amount up to the Transfer Limit, and then by the same factor of 0.95977. This transaction also resets the Bonus Base to $0

(5)&nbsp;&nbsp;&nbsp;&nbsp;Does not reflect a Premium Based Charge, if applicable.

**<u>Example 3: A proportional reduction, in the form of a factor, is applied when a transfer is made to the PPA in excess of</u> <u>the PPA Transfer Limit occurs, or when a partial Surrender is taken in excess of the Threshold Payment or Lifetime</u> <u>Benefit Payment, if applicable. The factor can be calculated as 1 - (A / (B - C):</u>**

**A = The amount of the surrender or transfer that exceeds the Threshold Payment, Lifetime Benefit Payment, or Transfer Limit, B = The Contract Value immediately prior to the transaction, and**

**C = The remaining Threshold Payment, Lifetime Benefit Payment or Transfer Limit immediately prior to the transaction.**

**<u>This example illustrates the impact of a transfer to the PPA in excess of the PPA Transfer Limit on with Future5 or</u> <u>Future6. Assume an amount equal to the PPA Transfer Limit has already been transferred during the Contract Year,</u> <u>and an additional amount of $15,000 is transferred to the PPA during the same Contract Year. Assume there have been no Surrenders and no prior excess transfers to the PPA.</u>**

Values immediately prior to the partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract Value is $200,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your total Premium Payments are $180,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Payment Base is $225,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Deferral Bonus Base is $210,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Personal Pension Account Benefit Balance is $10,000.

The factor for this transaction is 0.9250 and was derived from: 1 - ($15,000/$200,000).

Values after the partial Surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Contract Value is $185,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your total Premium Payments are $180,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Payment Base is $208,125.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your Deferral Bonus Base is $0.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your PPA Benefit Balance is $25,000.

**Daily Lock Income Benefit Examples**

*The examples below illustrate the general operation and calculation of the benefit, as well as the impact that a partial Surrender (including an advisory fee withdrawals) may have on the benefit. Please note that these examples are based on hypothetical assumptions and do not reflect actual Contract performance.* 

**<u>Example 1: Assume your initial Premium Payment is $100,000, you are age 67, and you elected Daily Lock Income Benefit - Single Life Option. No partial Surrenders have occurred.</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Valuation<br>Days** | **Contract<br>Value(1)** | **Payment<br>Base** | **Anniversary <br>Payment <br>Base** | **Deferral<br>Bonus Base** | **Lifetime <br>Benefit <br>Payment** | **PPA <br>Transfer <br>Limit(2)** |
| Monday | $100000 | $100000 | $100000 | $100000 | $5000 | $5000 |
| Tuesday | 98105 | 100000 | 100000 | 100000 | 5000 | 5000 |
| Wednesday | 98887 | 100000 | 100000 | 100000 | 5000 | 5000 |
| Thursday | 101321 | 101321(3) | 100000 | 100000 | 5066(3) | 5000 |
| Friday | 101895 | 101895(3) | 100000 | 100000 | 5094(3) | 5000 |
| Monday | 103676 | 103676(3) | 100000 | 100000 | 5183(3) | 5000 |
| Tuesday | 105460 | 105460(3) | 100000 | 100000 | 5273(3) | 5000 |

---

APP B-26

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Wednesday | 105120 | 105460 | 100000 | 5273 | 5000 |
| Thursday | 103895 | 105460 | 100000 | 5273 | 5000 |
| Friday | 105108 | 105460 | 100000 | 5273 | 5000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) &nbsp;&nbsp;&nbsp;&nbsp;Does not reflect Premium Based Charge, if applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) &nbsp;&nbsp;&nbsp;&nbsp;PPA Transfer Limit does not increase due to Market Increases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) &nbsp;&nbsp;&nbsp;&nbsp;When the Contract Value exceeds the Payment Base as of the prior Valuation Day, the Payment Base increases. As no partial Surrender has occurred, the Lifetime Benefit Payment also increases.

**<u>Example 2: Assume the same facts as above, and the next Tuesday is the first Contract Anniversary.</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Valuation<br>Days** | **Contract<br>Value(1)** | **Payment<br>Base** | **Anniversary <br>Payment <br>Base** | **Deferral<br>Bonus Base** | **Lifetime <br>Benefit <br>Payment** | **PPA <br>Transfer <br>Limit** |
| Monday | $102568 | $105460 | $100000 | $100000 | $5273 | $5000 |
| Tuesday | 104385 | 106000(2) | 106000 | 100000 | 5300 | 5300(3) |
| Wednesday | 105887 | 106000 | 106000 | 100000 | 5300 | 5300 |
| Thursday | 105460 | 106000 | 106000 | 100000 | 5300 | 5300 |
| Friday | 107459 | 107459 | 106000 | 100000 | 5373 | 5300 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) &nbsp;&nbsp;&nbsp;&nbsp;Does not reflect Premium Based Charge, if applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) &nbsp;&nbsp;&nbsp;&nbsp;On the Contract Anniversary, a Deferral Bonus increase occurs because the sum of the Anniversary Payment Base as of the prior Valuation Day ($100,000) plus 6% of the Deferral Bonus Base as of the prior Valuation Day ($6,000) exceeds both the Payment Base as of the prior Valuation Day and the current Contract Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) &nbsp;&nbsp;&nbsp;&nbsp;The PPA Transfer Limit is set on the Contract Anniversary to equal the applicable Withdrawal Percent (5%) times the Payment Base.

**<u>Example 3: Assume the same facts as above, and the next Thursday is the second Contract Anniversary. Additionally, on Wednesday of the following week you take your first partial Surrender of $473 that represents one-twelfth of your Lifetime Benefit Payment (prior to the partial Surrender, the Contract Value was $112,931).</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Valuation<br>Days** | **Contract<br>Value(1)** | **Payment<br>Base** | **Anniversary <br>Payment <br>Base** | **Deferral<br>Bonus Base** | **Lifetime <br>Benefit <br>Payment** | **PPA <br>Transfer <br>Limit** |
| Monday | $110941 | $110941 | $106000 | $100000 | $5547 | $5300 |
| Tuesday | 112576 | 112576 | 106000 | 100000 | 5629 | 5300 |
| Wednesday | 111892 | 112576 | 106000 | 100000 | 5629 | 5300 |
| Thursday | 113540(2) | 113540(2) | 113540 | 113540(2) | 5677 | 5677 |
| Friday | 112137 | 113540 | 113540 | 113540 | 5677 | 5677 |
| Monday | 111244 | 113540 | 113540 | 113540 | 5677 | 5677 |
| Tuesday | 111509 | 113540 | 113540 | 113540 | 5677 | 5677 |
| Wednesday | 112458 | 113540 | 113540 | 0(3) | 5677 | 5677 |
| Thursday | 112044 | 113540 | 113540 | 0 | 5677 | 5677 |
| Friday | 114286 | 114286(4) | 113540 | 0 | 5677(4) | 5677 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) &nbsp;&nbsp;&nbsp;&nbsp;Does not reflect Premium Based Charge, if applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) &nbsp;&nbsp;&nbsp;&nbsp;On the Contract Anniversary, the Contract Value exceeds both the Payment Base as of the prior Valuation Day and the sum of the Anniversary Payment Base as of the prior Valuation Day ($106,000) plus 6% of the Deferral Bonus Base as of the prior Valuation Day ($6,000). There is no Deferral Bonus increase applied, but the Deferral Bonus Base increases to the Payment Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) &nbsp;&nbsp;&nbsp;&nbsp;The Deferral Bonus Period terminates upon the partial Surrender, and the Deferral Bonus Base is zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) &nbsp;&nbsp;&nbsp;&nbsp;Market Increases continue to occur to the Payment Base; however, following the first partial Surrender, the Lifetime Benefit Payment amount does not increase due to the Market Increase.

APP B-27

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**<u>Example 4: Assume the same facts as above, but instead you make a partial Surrender of $10,000 instead of one-twelfth of the Lifetime Benefit Payment.</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Valuation<br>Days** | **Contract<br>Value(1)** | **Payment<br>Base** | **Anniversary <br>Payment <br>Base** | **Deferral<br>Bonus Base** | **Lifetime <br>Benefit <br>Payment** | **PPA <br>Transfer <br>Limit** |
| Monday | $111244 | $113540 | $113540 | $113540 | $5677 | $5677 |
| Tuesday | 111509 | 113540 | 113540 | 113540 | 5677 | 5677 |
| Wednesday | 103404 | 108964(2) | 108964(2) | 0(2) | 5459(2) | 5459(2) |
| Thursday | 102517 | 108964 | 108964 | 0 | 5459 | 5459 |
| Friday | 104759 | 108964 | 108964 | 0 | 5459 | 5459 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) &nbsp;&nbsp;&nbsp;&nbsp;Does not reflect Premium Based Charge, if applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) &nbsp;&nbsp;&nbsp;&nbsp;The partial Surrender in excess of the Lifetime Benefit Payment adjusts the Payment Base and the Anniversary Payment Base by a factor of 0.95969. The factor is derived as [1 - (($10,000 - $5,677) / ($112,931 - $5,677)) ]. Upon the excess partial Surrender, the Lifetime Benefit Payment and PPA Transfer Limit values are reset. There is zero Lifetime Benefit Payment available.

APP B-28

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**Appendix C — Optional Rider Comparison**

**Death Benefits**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Optional<br>Rider** | **May be issued<br> with which other<br> optional riders?** | **Revocable by<br>Contract Owner?** | **Benefit<br>Equals** | **Withdrawal<br>Percentage** | **Investment<br>Restrictions** |
| *Standard* <br>Death Benefit.\* | *Safety Plus;* any one withdrawal benefit. | No. | Contract Value. | Not applicable. | Not applicable. |
| *Return of Premium V* <br>Death Benefit. | *Safety Plus;* any one withdrawal benefit. | Yes, after the earliest of the 5th anniversary of the rider effective date or Spousal Contract continuation. A pro-rated rider charge will be assessed. | Greater of Premium Payments adjusted for Surrenders or Contract Value minus Premium Based Charges, if applicable. | Not applicable. | Currently, none. We reserve the right to impose investment restrictions in the future. |
| *Maximum Anniversary*<br>*Value V* <br>Death Benefit. | Safety Plus; any one withdrawal benefit. | No. However, violation of investment restrictions may result in termination by the Company. A pro-rated rider charge will be assessed. | Greatest of: (a) Maximum Anniversary Value, (b) Premium Payments adjusted for Surrenders or (c) Contract Value. | Not applicable. | Yes. Contract Value must be invested within an approved asset allocation model(s), Fund(s), and other investment program(s) approved and designated by us. |

---

\*&nbsp;&nbsp;&nbsp;&nbsp;The Standard Death Benefit is not optional and is automatically included as part of your Contract.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Optional<br>Rider** | **May be issued<br> with which other<br> optional riders?** | **Revocable by<br>Contract Owner?** | **Benefit<br>Equals** | **Withdrawal<br>Percentage** | **Investment<br>Restrictions** |
| *Legacy Lock* <br>Death Benefit. | &nbsp;&nbsp;&nbsp;*Safety Plus*; *Future6* or *Daily Lock Income Daily Lock Income* | No. However, if your *Future6* or *Daily Lock Income Benefit* rider is terminated for any reason, or because you exercise you option to convert *Future6* or *Daily Lock Income Benefit* to *Future5*, this rider will also terminate. | Greater of Enhanced Return of Premium or Return of Premium V Death Benefit. | Not applicable. | Yes. You must concurrently elect *Future6* or *Daily Lock Income Benefit* and abide by its corresponding investment restrictions. |
| *Maximum Daily Value<br>Death Benefit.* | &nbsp;&nbsp;&nbsp;*Safety Plus*; any one withdrawal benefit. | No. However, violation of investment restrictions may result in termination by the Company. A pro-rated rider charge will be assessed. | Greatest of: (a) Maximum Daily Value, (b) Premium Payments adjusted for Surrenders and transfers to the personal Pension Account or (c) Contract Value. | Not applicable. | Yes. Contract Value must be invested within an approved asset allocation model(s), Fund(s), and other investment program(s) approved and designated by us. |

---

APP C-1

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**Optional Withdrawal or Accumulation Benefits**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Optional<br>Rider** | **May be issued<br> with which other<br> optional riders?** | **Revocable by<br>Contract Owner?** | **Benefit<br>Equals** | **Withdrawal<br>Percentage** | **Investment<br>Restrictions** |
| *Future5* <br>Withdrawal benefit. | Any one Death Benefit, except *Legacy Lock*. | No. | Initially equal to Premium Payments. Fluctuates thereafter based on Market Increases, or Deferral Bonuses, and subsequent Premium Payments, partial Surrenders, or transfers to or from the Personal Pension Account. | 4%: age 59.5 - 64; 5%: age 65+ for<br>Contracts issued prior to July 16, 2012. 3.5%: age 59.5 - 64; 4.5%: age 65 - 84; 5.5%: age 85+ for Contracts issued on or after July 16, 2012. Based on age at time of first partial Surrender. | Yes. Contract Value must be invested within an approved asset allocation model(s), Fund(s), and other investment program(s) approved and designated by us. |
| *Future6* <br>Withdrawal benefit (Note: Not available if Daily Lock Income Benefit is available in your state.) | Any one Death Benefit. | No. | Same as *Future5*. See above. | 4%: age 59.5 - 64. 5%: age 65+. Based on age at time of first partial Surrender. | Yes. Contract Value must be invested within an approved asset allocation model(s), Fund(s), and other investment program(s) approved and designated by us. |
| *Daily Lock Income Benefit* Withdrawal benefit. | Any one Death Benefit. | No. | Same as Future5. If you elect this rider after the Contract Issue date, the Payment Base will be based on the Contract Value on the date the rider becomes effective. | 4%: age 59.5 - 64. 5%: age 65 - 84. 6%: age 85+. Based on age at time of first partial Surrender. | Yes. Contract Value must be invested within an approved asset allocation model(s) and other investment program(s) approved and designated by us. |
| *Safety Plus* <br>Accumulation benefit. | Any one Death Benefit, except *Legacy Lock*. | Yes, after the earlier of Spousal Contract continuation or the fifth Contract Anniversary after the rider effective date. | Not applicable. |  | Yes. Contract Value must be invested within an approved asset allocation model(s) and other investment program(s) approved and designated by us. |
| *Personal Pension <br>Account* | May be issued with any other optional rider. | No | Benefit Balance | Not applicable. | None; however if you elect another optional benefit, those investment restrictions will apply. |

---

APP C-2

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

**Appendix D —** **Financial Intermediary Variations**

There may be variations in the availability of investment options, Contract benefits, and other Contract features described in this prospectus—including restrictions, limitations, and other variations—which may apply depending on the broker-dealer through which your Contract was sold or continues to be serviced. For example, your financial professional may not recommend a particular investment option or Contract benefit to you. Any such variations are unknown to us. Furthermore, based on several considerations (*e.g.* , that we do not administer financial intermediary variations, the large number of broker-dealers through whom the Contracts were distributed, and the terms of our existing selling agreements), we cannot identify any such variations, if any, with unreasonable effort or incurring unreasonable expense.

You should discuss with your financial professional any limitations, restrictions, or other variations related to the investment options, Contract benefits, or other Contract features available to you through your broker-dealer.

APP D - 1

------

<u>[Tab](#i79554b0ffb64442785094114a00002d0_4)[le of Contents](#i79554b0ffb64442785094114a00002d0_4)</u>

The Statement of Additional Information ("SAI") contains additional information about the Contract, us and the Separate Account. The SAI is dated the same date as this prospectus, and the SAI is incorporated by reference into this prospectus. The SAI is not your personal Variable Annuity Quarterly Statement.

You may request a free copy of the SAI or submit inquiries by:

1)&nbsp;&nbsp;&nbsp;&nbsp;mailing: Talcott Resolution, P. O. Box, 14293, Lexington, KY 40512-4293

2)&nbsp;&nbsp;&nbsp;&nbsp;calling: 1-800-862-6668

3)&nbsp;&nbsp;&nbsp;&nbsp; emailing: asccontactus@cognisurance.com &nbsp;&nbsp;&nbsp;&nbsp;

4)&nbsp;&nbsp;&nbsp;&nbsp;Visiting:

**Issued by Talcott Resolution Life Insurance Company:**

---

| | |
|:---|:---|
| **Class of Contract** | **Website Address** |
| PRM Series III B Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y285 |
| PRM Series IV C Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y343 |
| PRM Series III L Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y335 |
| Huntington PRM Series III B Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41659Y293 |

---

**Issued by Talcott Resolution Life and Annuity Insurance Company:**

---

| | |
|:---|:---|
| **Class of Contract** | **Website Address** |
| PRM Series III B Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A254 |
| PRM Series IV C Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A288 |
| PRM Series III I Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A262 |
| PRM Series III L Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A270 |

---

You may also obtain reports and other information about the Separate Account on the SEC's website at www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

EDGAR Identifiers:&nbsp;&nbsp;&nbsp;&nbsp;PRM Series III (TLIC): C000105761

Huntington PRM Series III (TLIC): C000105762

PRM Series III (TLA): C000105764

<u>[**Table of Contents**](#i2131ba049a5d4b58a1570e40a3f380d7_594)</u>

**Statement of Additional Information**

**Talcott Resolution Life and Annuity Insurance Company** 

**Talcott Resolution Life and Annuity Insurance Company Separate Account Seven** 

**Personal Retirement Manager Series III** 

\*This Statement of Additional Information is related to four different classes of the Contract: B Share, C Share, I Share and L Share. The classes have different fees and expenses (including surrender charges and periodic charges).

This Statement of Additional Information is not a prospectus. The information contained in this document should be read in conjunction with the prospectus.

To obtain a prospectus, send a written request to Talcott Resolution Life and Annuity Insurance Company, P. O. Box 14293, Lexington, KY 40512-4293, call 1-800-862-6668, email us at asccontactus@cognisurance.com, or visit:

---

| | |
|:---|:---|
| **Class of Contract** | **Website Address** |
| PRM Series III B Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A254 |
| PRM Series IV C Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A288 |
| PRM Series III I Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A262 |
| PRM Series III L Share | https://vpx.broadridge.com/GetContract1.asp?clientid=talcottvpx&fundid=41658A270 |

---

The financial statements of Talcott Resolution Life and Annuity Insurance Company and the financial statements of Separate Account Seven of Talcott Resolution Life and Annuity Insurance Company (the "Separate Account") are incorporated into this Statement of Additional Information by reference to the N-VPFS, File No. 811-09295, filed by the Separate Account with the SEC on April 20, 2026.

Date of Prospectus: May 1, 2026

Date of Statement of Additional Information: May 1, 2026

**Table of Contents** 

---

| | |
|:---|:---|
| | Page |
| **[General Information and History](#i2131ba049a5d4b58a1570e40a3f380d7_447)** | [2](#i2131ba049a5d4b58a1570e40a3f380d7_447) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Talcott Resolution Life and Annuity Insurance Company](#i2131ba049a5d4b58a1570e40a3f380d7_459) | [2](#i2131ba049a5d4b58a1570e40a3f380d7_459) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Talcott Resolution Life and Annuity Insurance Company Separate Account Seven](#i2131ba049a5d4b58a1570e40a3f380d7_463) | [2](#i2131ba049a5d4b58a1570e40a3f380d7_463) |
| **[Non-Principal Risks of Investing in the Contract](#i2131ba049a5d4b58a1570e40a3f380d7_558)** | [2](#i2131ba049a5d4b58a1570e40a3f380d7_558) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Mixed and Shared Funding Risk](#i2131ba049a5d4b58a1570e40a3f380d7_563) | [2](#i2131ba049a5d4b58a1570e40a3f380d7_563) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Money Market Fund Redemption Risk](#i2131ba049a5d4b58a1570e40a3f380d7_567) | [2](#i2131ba049a5d4b58a1570e40a3f380d7_567) |
| **[Services](#i2131ba049a5d4b58a1570e40a3f380d7_467)** | [2](#i2131ba049a5d4b58a1570e40a3f380d7_467) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Experts](#i2131ba049a5d4b58a1570e40a3f380d7_471) | [2](#i2131ba049a5d4b58a1570e40a3f380d7_471) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Cognizant Worldwide Limited](#i2131ba049a5d4b58a1570e40a3f380d7_633) | [2](#i2131ba049a5d4b58a1570e40a3f380d7_633) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Exela Technologies](#i2131ba049a5d4b58a1570e40a3f380d7_604) | [3](#i2131ba049a5d4b58a1570e40a3f380d7_604) |
| **[Underwriters](#i2131ba049a5d4b58a1570e40a3f380d7_487)** | [3](#i2131ba049a5d4b58a1570e40a3f380d7_487) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Principal Underwriter](#i2131ba049a5d4b58a1570e40a3f380d7_491) | [3](#i2131ba049a5d4b58a1570e40a3f380d7_491) |
| **[Other Information](#i2131ba049a5d4b58a1570e40a3f380d7_503)** | [3](#i2131ba049a5d4b58a1570e40a3f380d7_503) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Safekeeping of Assets](#i2131ba049a5d4b58a1570e40a3f380d7_507) | [3](#i2131ba049a5d4b58a1570e40a3f380d7_507) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Non-Participating](#i2131ba049a5d4b58a1570e40a3f380d7_519) | [3](#i2131ba049a5d4b58a1570e40a3f380d7_519) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Misstatement of Age or Sex](#i2131ba049a5d4b58a1570e40a3f380d7_531) | [3](#i2131ba049a5d4b58a1570e40a3f380d7_531) |
| **[Financial Statements](#i2131ba049a5d4b58a1570e40a3f380d7_543)**  | [3](#i2131ba049a5d4b58a1570e40a3f380d7_543) |
| **[Changes in and Disagreements with Accountants](#i2131ba049a5d4b58a1570e40a3f380d7_619)** | [3](#i2131ba049a5d4b58a1570e40a3f380d7_619) |

---

------

<u>[**Table of Contents**](#i2131ba049a5d4b58a1570e40a3f380d7_594)</u>

**General Information and History**

**Talcott Resolution Life and Annuity Insurance Company** 

Talcott Resolution Life and Annuity Insurance Company (the "Company") is a stock life insurance company originally incorporated under the laws of Wisconsin on January 9, 1956, and subsequently re-domiciled to Connecticut. Talcott Resolution Life and Annuity Insurance Company is authorized to do business in Puerto Rico, the District of Columbia, and all states of the United States except New York. In June 2018, the Company changed its name from Hartford Life and Annuity Insurance Company to Talcott Resolution Life and Annuity Insurance Company.

Our corporate offices are located at 1 American Row, Hartford, CT 06103.

Talcott Resolution Life and Annuity Insurance Company is a direct, wholly owned subsidiary of TR Re, Ltd., an approved Class E insurer under the Bermuda Monetary Authority. TR Re, Ltd., is a direct, wholly owned subsidiary of Talcott Resolution Life, Inc., a Delaware corporation. Our indirect parents are Talcott Resolution Life, Inc., a Delaware corporation and Talcott Holdings, L.P., a Delaware limited partnership. Our ultimate parent is Talcott Financial Group Investments, LLC. ("TFGI"), a Bermuda exempted limited liability company. We are ultimately controlled by A. Michael Muscolino and Alan Waxman.

**Talcott Resolution Life and Annuity Insurance Company Separate Account Seven**

The Sub-Accounts are part of Talcott Resolution Life and Annuity Insurance Company Separate Account Seven, a segregated asset account of Talcott Resolution. The Separate Account is registered as a unit investment trust under the 1940 Act and was established on April 1, 1999. The Separate Account meets the definition of "separate account" under federal securities laws. The Separate Account holds only assets for variable annuity contracts.

**Non-Principal Risks of Investing in the Contract** 

**Mixed and Shared Funding Risk** 

Fund shares may be sold to our other Separate Accounts or other unaffiliated insurance companies to serve as an underlying investment for variable annuity contracts and variable life insurance policies, pursuant to a practice known as mixed and shared funding. As a result, there is a possibility that a material conflict may arise between the interests of Owners, and other Contract Owners investing in these Funds. If a material conflict arises, we will consider what action may be appropriate, including removing the Fund from the Separate Account or replacing the Fund with another underlying Fund.

**Money Market Fund Redemption Risk** 

The Invesco V.I. Government Money Market Fund uses the amortized cost method of valuation to seek to maintain a stable $1.00 net asset value and does not intend to impose liquidity fees or redemption gates on Fund redemptions or exchanges. The Fund's board reserves the right to impose a liquidity fee or redemption gate in the future upon prior notice to shareholders and in conformance to Rule 2a-7 of the 1940 Act. Further detail regarding these changes is set forth in the Fund's prospectus. We may postpone payment of Surrenders with respect to a money market Fund if the board of directors of the underlying money market Fund suspends redemptions in compliance with rules of the SEC or an order of the SEC.

**Services**

**Experts**

The statutory-basis financial statements and the related financial statement schedules of Talcott Resolution Life and Annuity Insurance Company as of December 31, 2025 and 2024, and for each of the three years in the period ended December 31, 2025, incorporated by reference in this registration statement, have been audited by Deloitte & Touche LLP, an independent auditor, as stated in their report, which expresses an unmodified opinion on the statutory-basis financial statements in accordance with the accounting practices prescribed or permitted by the Connecticut Insurance Department and an adverse opinion on the accounting principles generally accepted in the United States of America. Such financial statements and financial statement schedules are incorporated by reference in reliance upon the report of such firm given their authority as experts in accounting and auditing. The principal business address of Deloitte & Touche LLP is City Place I, 33rd Floor, 185 Asylum Street, Hartford, Connecticut 06103-3402.

The financial statements of each of the Sub-Accounts of Talcott Resolution Life and Annuity Insurance Company Separate Account Seven as of December 31, 2025, incorporated by reference in this Statement of Additional Information, have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report. Such financial statements are incorporated by reference in reliance upon the report of such firm given their authority as experts in accounting and auditing. The principal business address of Deloitte & Touche LLP is City Place I, 33rd Floor, 185 Asylum Street, Hartford, Connecticut 06103-3402.

**Cognizant Worldwide Limited** 

Beginning in 2026, Cognizant Worldwide Limited ("Cognizant"), which has its principal office at 1 Kingdom Street, Paddington Central, London W2 6BD, United Kingdom, provides certain administrative services, including customer support and claims processing, to us in connection with our administration of our annuity products. Cognizant is not affiliated with us,

------

<u>[**Table of Contents**](#i2131ba049a5d4b58a1570e40a3f380d7_594)</u>

the Separate Account or any of our affiliates, including the Contract's principal underwriter, Talcott Distribution Services Company, Inc. We will pay Cognizant for its services on an annual basis, per policy serviced. The Company has not paid any servicing fees to Cognizant in connection with the Contract during the past three years. Fees for services performed are expected to begin later in 2026.

**Exela Technologies**

Exela Technologies ("Exela"), formerly known as Regulus Group, LLC, which has its principal office at 2701 E. Grauwyler Road, Irving, TX 85061, provides certain mail room and indexing services to us in connection with our administration of our annuity products. Exela is not affiliated with us, the Separate Account(s) or any of our affiliates, including the Contract's principal underwriter, Talcott Resolution Distribution Company, Inc. We pay Exela for its services on a monthly basis for the work performed based on volume and its complexity. The dollar amount of fees paid to Exela in 2025 was $505,302; in 2024 was $461,927; and in 2023 was $361,062.

**Underwriters**

**Principal Underwriter**

The Contracts, which are offered continuously, are distributed by Talcott Resolution Distribution Company, Inc. ("TDC"). TDC serves as Principal Underwriter for the securities issued with respect to the Separate Account. TDC is registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934 as a Broker-Dealer and is a member of the Financial Industry Regulatory Authority, Inc. TDC is an affiliate of ours. Both TDC and Talcott Resolution are ultimately controlled by A. Michael Muscolino and Alan Waxman. The principal business address of TDC is 1 American Row, Hartford, CT 06103.

We currently pay TDC underwriting commissions for its role as Principal Underwriter of all variable annuities associated with this Separate Account. For the past three years, the aggregate dollar amount of underwriting commissions paid to TDC in its role as Principal Underwriter has been: 2025: $31,213,195; 2024: $12,760,719; and 2023: $10,631,638.

**Other Information**

**Safekeeping of Assets**

We hold title to the assets of the Separate Account. The assets are kept physically segregated and are held separate and apart from our general corporate assets. Records are maintained of all purchases and redemptions of the underlying fund shares held in each of the Sub-Accounts.

**Non-Participating**

The Contract is non-participating and we pay no dividends.

**Misstatement of Age or Sex**

If an Annuitant's age or sex was misstated on the Contract, any Contract payments or benefits will be determined using the correct age and sex. If we have overpaid Annuity Payouts, an adjustment, including interest on the amount of the overpayment, will be made to the next Annuity Payout or Payouts. If we have underpaid due to a misstatement of age or sex, we will credit the next Annuity Payout with the amount we underpaid and credit interest.

**Financial Statements**

The financial statements of Talcott Resolution Life and Annuity Insurance Company Separate Account Seven and of Talcott Resolution Life and Annuity Insurance Company are hereby incorporated by reference to the <u>[N-VPFS](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[,](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[File No. 811-09295](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[fi](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[l](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[ed](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[by the Separate](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[Account](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[with the SEC](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[on](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[Apri](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[l](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[20](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[,](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[202](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)[6](https://www.sec.gov/Archives/edgar/data/1084147/000108414726000014/tla7tla.htm)</u> . The financial statements of the Company only bear on the Company's ability to meet its obligations under the Contracts and should not be considered as bearing on the investment performance of the Separate Account. The financial statements of the Separate Account present the investment performance of the Separate Account.

**Changes in and Disagreements with Accountants**

None.

PART C - OTHER INFORMATION

ITEM 27. EXHIBITS

---

| | | |
|:---|:---|:---|
| (a) |  | <u>[Resolution of the Board of Directors authorizing the establishment of the Separate Account.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27a-ilasa71.htm)</u> |
| (b) |  | Not applicable. |
| (c) | (1) | <u>[Amended and Restated Principal Underwriter Agreement.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/exh3aamendedpuahl_hla1next.htm)</u> |
|  | (2) | <u>[Form of Dealer Agreement.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/exh3cb_dagrhlxhla1nextgen.htm)</u> |
| (d) | (1) | <u>[Individual Flexible Premium Variable Annuity Contract.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27d-va03.htm)</u> |
|  | (2) | <u>[Fixed Account Rider.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27d-va05index.htm)</u> |
|  | (3) | <u>[Extended Withdrawal Privilege Rider.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/vamindis05.htm)</u> |
|  | (4) | <u>[Personal Pension Account Annuity Rider Endorsement.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ppa-jsx11.htm)</u> |
|  | (5) | <u>[Enhanced Return of Premium Death Benefit Rider.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/eropdb-11.htm)</u> |
|  | (6) | <u>[Guaranteed Minimum Accumulation Benefit Rider II.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/gmab-111.htm)</u> |
|  | (7) | <u>[Guaranteed Minimum Accumulation Benefit Plus Rider II.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/gmabp-111.htm)</u> |
|  | (8) | <u>[Guaranteed Minimum Withdrawal Benefit Endorsement.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/gmwbe-12.htm)</u> |
|  | (9) | <u>[Guaranteed Minimum Withdrawal Benefit Rider II-2 (Joint Life/Spousal).(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/gmwbj-112.htm)</u> |
|  | (10) | <u>[Guaranteed Minimum Withdrawal Benefit Plus Rider II-2 (Joint Life/Spousal).(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/gmwbjp-112.htm)</u> |
|  | (11) | <u>[Guaranteed Minimum Withdrawal Benefit Plus Rider M (Joint Life/Spousal).(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/gmwbjpm-12.htm)</u> |
|  | (12) | <u>[Guaranteed Minimum Withdrawal Benefit Rider II-2 (Single Life).(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/gmwbs-112.htm)</u> |
|  | (13) | <u>[Guaranteed Minimum Withdrawal Benefit Plus Rider II-2 (Single Life).(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/gmwbsp-112.htm)</u> |
|  | (14) | <u>[Guaranteed Minimum Withdrawal Benefit Plus Rider M (Single Life).(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/gmwbspm-12.htm)</u> |
|  | (15) | <u>[Maximum Anniversary Value Death Benefit Rider V.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/mav-112.htm)</u> |
|  | (16) | <u>[Return Of Premium Death Benefit Rider V.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/rop-112.htm)</u> |
| (e) |  | <u>[Form of Application.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex995-formofapplicationdir.htm)</u> |
| (f) | (1) | <u>[Certificate of Incorporation of Talcott Resolution. (1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828018008610/ex6atla.htm)</u> |
|  | (2) | <u>[Amended and Restated Bylaws of Talcott Resolution. (1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828018008610/ex6btlaarbylaws.htm)</u> |
| (g) |  | Not applicable. |
| (h) | (1) | <u>[AllianceBernstein Variable Products Series Fund, Inc.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-ab1nextgen.htm)</u> |
|  | (2) | <u>[AIM VIT.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-aim1nextgen.htm)</u> |
|  | (3) | <u>[American Century Investments.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-americancentury1next.htm)</u> |
|  | (4) | <u>[American Funds Insurance Series.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-americanfunds1nextgen.htm)</u> |
|  | (5) | <u>[BlackRock.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-blackrock1nextgen.htm)</u> |
|  | (6) | <u>[Fidelity Investments.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-fidelity1nextgen.htm)</u> |
|  | (7) | <u>[Franklin Templeton (1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-franklintempletonar1.htm)</u> |
|  | (8) | <u>[Hartford HLS Funds.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-hartfordar1nextgen.htm)</u> |
|  | (8)(a) | <u>[First Amendment to Hartford A/R FPA (3)](https://www.sec.gov/Archives/edgar/data/1084147/000162828024017895/ex27h-firstamendmenttohart.htm)</u> |
|  | (9) | <u>[Lord Abbett & Co., LLC.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-lordabbett1nextgen.htm)</u> |
|  | (10) | <u>[MFS Variable Insurance Trust.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-mfs1nextgen.htm)</u> |
|  | (11) | <u>[PIMCO Equity Series.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-pimcoeqs1nextgen.htm)</u> |
|  | (12) | <u>[PIMCO VIT.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-pimcovit1nextgen.htm)</u> |
|  | (13) | <u>[Putnam Variable Trust.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27h-putnam3nextgen.htm)</u> |
| (i) | (1) | <u>[AllianceBernstein Variable Products Series Fund, Inc.(2)](https://www.sec.gov/Archives/edgar/data/1084147/000162828022009870/ex27i-ab2007x03x07hlxhla.htm)</u> |
|  | (2) | <u>[AIM VIT (2)](https://www.sec.gov/Archives/edgar/data/1084147/000162828022009870/ex27i-aiminvesco2007x03x20.htm)</u> |
|  | (3) | <u>[American Funds Insurance Series (2)](https://www.sec.gov/Archives/edgar/data/1084147/000162828022009870/ex27i-americanfunds2007x04.htm)</u> |
|  | (4) | <u>[BlackRock (2)](https://www.sec.gov/Archives/edgar/data/1084147/000162828022009870/ex27i-blackrock2007x04x162.htm)</u> |
|  | (5) | <u>[Fidelity Investments (2)](https://www.sec.gov/Archives/edgar/data/1084147/000162828022009870/ex27i-fidelity2007x03x1322.htm)</u> |
|  | (6) | <u>[Franklin Templeton Investments (2)](https://www.sec.gov/Archives/edgar/data/1084147/000162828022009870/ex27i-franklintempletonsup.htm)</u> |
|  | (7) | <u>[Hartford (2)](https://www.sec.gov/Archives/edgar/data/1084147/000162828022009870/ex27i-hartfordmutualfundss.htm)</u> |
|  | (8) | <u>[Lord Abbett & Co., LLC (2)](https://www.sec.gov/Archives/edgar/data/1084147/000162828022009870/ex27i-lordabbett200722cx2a.htm)</u> |
|  | (9) | <u>[MFS Variable Insurance Trust (2)](https://www.sec.gov/Archives/edgar/data/1084147/000162828022009870/ex27i-mfs2007x04x1622cx2ag.htm)</u> |
|  | (10) | <u>[PIMCO VIT (2)](https://www.sec.gov/Archives/edgar/data/1084147/000162828022009870/ex27i-pimco2007x03x1322c2a.htm)</u> |
|  | (11) | <u>[Putnam Variable Trust (2)](https://www.sec.gov/Archives/edgar/data/1084147/000162828022009870/ex27i-putnam2007x04x0222cx.htm)</u> |
|  | (12) | <u>[Master Services Agreement By and Between Talcott Resolution Life Insurance Company and Regulus Group, LLC (5)](ex27i-exelatalcottmsa.htm)</u> |
|  | (13) | <u>[Talcott Cognizant MSA (5)](ex27i-talcottcognizantms.htm)</u> |

---

------

---

| | | |
|:---|:---|:---|
| (j) | (1) | <u>[Guarantee Agreement, between Hartford Life and Accident Insurance Company and ITT Hartford Life and Annuity Insurance Company, its wholly owned subsidiary, dated as of August 20, 1993 and effective as of August 20, 1993.(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27j-guaranteeagraug20199.htm)</u> |
|  | (2) | <u>[Guarantee Agreement, between Hartford Life Insurance Company and ITT Hartford Life and Annuity Insurance Company, dated as of May 23, 1997.](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27j-guaranteeagrmay23199.htm)[(1)](https://www.sec.gov/Archives/edgar/data/1084147/000162828021008168/ex27j-guaranteeagrmay23199.htm)</u> |
|  | (3) | <u>[Reinsurance Agreement between Talcott Resolution Life and Annuity Company and Talcott Resolution Life Insurance Company 7-1-2025 (5)](ex-27jxtlaxtlreinsuranceag.htm)</u> |
| (k) |  | <u>[Opinion and Consent of Christopher Grinnell, Associate General Counsel (5)](ex-9927kprm3tla176152.htm)</u> |
| (l) | (1) | <u>[Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm (5)](ex-9927l1prm3tla176152.htm)</u> |
|  | (2) | <u>[Consent of Deloitte & Touche LLP, Independent Auditor (5)](ex-9927l2prm3tla176152.htm)</u> |
| (m) |  | No financial statements are omitted |
| (n) |  | Not applicable. |
| (o) |  | Not applicable. |
| (p) |  | <u>[Copies of Powers of Attorney (5)](ex9927ptla.htm)</u> |
| (q) |  | Not applicable. |
| (r) |  | Not applicable. |

---

(1)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Items 24(b)(1), 24(b)(3)(a-b), 24(b)(4-5), and 24(b)(7-8) respectively, to Post-Effective Amendment No. 18, to the Registration Statement File No. 333-176152, filed on April 29, 2021.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Items 27(g)(2), and 27(i)(1-11), respectively, to Post-Effective Amendment No. 19, to the Registration Statement File No. 333-176152, filed on April 21, 2022.

(3)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Item 27(h)(8)(a) to Post-Effective Amendment No. 21, to the Registration Statement File No. 333-176152, filed on April 25, 2024.

(4)&nbsp;&nbsp;&nbsp;&nbsp;Incorporated by reference to Item 27(h)(14) to Post-Effective Amendment No. 20, to the Registration Statement File No. 333-176152, filed on April 26, 2023.

(5)&nbsp;&nbsp;&nbsp;&nbsp;Filed herewith.

ITEM 28. DIRECTORS AND OFFICERS OF THE INSURANCE COMPANY

---

| | |
|:---|:---|
| **NAME** | **POSITION** |
| David Bell | Assistant Secretary and Chief Information Security Officer |
| Ellen Below | Executive Vice President, Chief Communications Officer and Head of Community Involvement |
| John B. Brady | Vice President and Chief Actuary, Appointed Actuary |
| Christopher S. Conner | Assistant Vice President, Chief Compliance Officer of Separate Accounts, AML Compliance Officer and Sanctions Compliance Officer |
| Christopher B. Cramer | Executive Vice President, Corporate Secretary and Chief Tax Officer |
| Christopher J. Dagnault | Vice President |
| Glenn Gazdik | Vice President and Actuary |
| Salvatore Gianone | Vice President and Chief Auditor |
| Emily Golovicher | Vice President |
| Christopher M. Grinnell | Vice President and Associate General Counsel |
| Oliver Jakob | Director |
| Donna R. Jarvis | Vice President and Actuary |
| James Kosinski | Vice President and Chief Risk Officer |
| Diane Krajewski | Vice President, Chief Human Resources Officer and Head of Operations |
| Edward Krause | Vice President |
| Jessica Kubat | Vice President |
| Lindsay Mastroianni | Vice President and Controller |
| James O'Grady | Executive Vice President and Chief Investment Officer, Director |
| Lisa M. Proch | Executive Vice President, Chief Legal Officer and Chief Compliance Officer, Director |
| Samir Srivastava | Vice President and Chief Information Officer |

---

Unless otherwise indicated, the principal business address of each of the above individuals is 1 American Row, Hartford, CT 06103.

ITEM 29. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE INSURANCE COMPANY OR THE REGISTERED SEPARATE ACCOUNT

The Separate Accounts of Talcott Resolution Life Insurance Company ("TL") and Talcott Resolution Life and Annuity Insurance Company ("TLA") are the listed Registrants. TL and TLA are the Depositors. Entities that are controlled by TAO Insurance Holdings, LLC, which controls the Depositors, are listed below, along with entities that are owned or controlled by the Depositors.

------

Alan Waxman and Anthony M. Muscolino (Individuals) (1)

TAO Insurance Holdings, LLC (DE) (2)

TAO Sutton Holdings, LLC (CYM) (3)

Talcott Financial Group Investments, LLC (BMU)

Talcott Financial Group, Ltd. (BMU)

Talcott US Holdings, Ltd. (BMU)

Talcott Re FinCo, Ltd. (BMU)

Talcott Re Holdings, Ltd. (BMU)

Talcott Life Re, Ltd. (BMU)

Talcott Life & Annuity Re SPC, Ltd. (CYM)

Sutton Cayman Holdings, Ltd. (CYM)

Talcott Financial Group GP, LLC (DE)

Talcott Holdings, LP (DE)

Talcott Resolution Distribution Company, Inc. (CT)

Talcott Acquisition, Inc. (DE)Talcott Resolution Life, Inc. (DE)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Maturity Life Insurance Company (CT)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talcott Resolution Life Insurance Company (CT)

TR Re, Ltd. (BMU)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talcott Resolution Life and Annuity Insurance Company (CT)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talcott Resolution International Life Reassurance Corporation (CT)

Talcott Resolution Comprehensive Employee Benefit Service Company (CT)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talcott Administration Services Company, LLC (DE)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LIAS Administration Fee Issuer LLC (DE)

(1) Pursuant to the operating agreement of TAO Insurance Holdings, LLC, Alan Waxman, as a member of TAO Insurance Holdings, LLC, has the authority to appoint the managing member of TAO Insurance Holdings, LLC and has appointed A. Michael Muscolino.

(2) TAO Insurance Holdings, LLC is the managing member of TAO Sutton Holdings, LLC and TAO Sutton Parent, LLC (DE), and Sixth Street TAO Management, LLC.

(3) TAO Sutton Parent, LLC and certain additional co-investment vehicles hold 100% of the passive, non-voting economic interest in TAO Sutton Holdings, LLC. 11 parallel investment vehicles known as the TAO Funds hold 100% of the passive, non-voting economic interest in TAO Sutton Parent, LLC. TAO Insurance Holdings, LLC is the managing member of TAO Sutton Parent LLC with 100% voting control. All of the TAO Funds and co-investment vehicles are under the ultimate control of Alan Waxman and/or Michael Muscolino. None of the co-investors investing through either the TAO Funds or the co-investment vehicles hold any voting securities of the identified entities or have the ability to appoint directors. Certain of the TAO Funds are also indirect owners Klaverblad Levensverzekering N.V., Lifetri, Uitvaartverzekeringen N.V., and Lifetri Verzekeringen N.V.

ITEM 30. INDEMNIFICATION

Section 33-776 of the Connecticut General Statutes states that: "a corporation may provide indemnification of, or advance expenses to, a director, officer, employee or agent only as permitted by sections 33-770 to 33-779, inclusive."

Provision is made that the Corporation, to the fullest extent permissible by applicable law as then in effect, shall indemnify any individual who is a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, arbitrative or investigative, and whether formal or informal (each, a "Proceeding") because such individual is or was (i) a Director, or (ii) an officer or employee of the Corporation (for purposes of the by laws, each an "Officer"), against obligations to pay judgments, settlements, penalties, fines or reasonable expenses (including counsel fees) incurred in a Proceeding if such Director or Officer: (l)(A) conducted him or herself in good faith; (B) reasonably believed (i) in the case of conduct in such person's official capacity, which shall include service at the request of the Corporation as a director, officer or fiduciary of a Covered Entity (as defined below), that his or her conduct was in the best interests of the Corporation; and (ii) in all other cases, that his or her conduct was at least not opposed to the best interests of the Corporation; and (C) in the case of any criminal proceeding, such person had no reasonable cause to believe his or her conduct was unlawful; or (2) engaged in conduct for which broader indemnification has been made permissible or obligatory under a provision of the Corporation's Certificate, in each case, as determined in accordance with the procedures set forth in the by laws. For purposes of the by laws, a "Covered Entity" shall mean another corporation, partnership, joint venture, trust or other enterprise (including, without limitation, any employee benefit plan) in respect of which such person is serving at the request of the Corporation as a director, officer or fiduciary.

Insofar as indemnification for liability arising under the Securities Act of 1933 (the "Act") 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 that 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) | TDC acts as principal underwriter for the following investment companies: |
| | Talcott Resolution Life Insurance Company - Separate Account One |
| | Talcott Resolution Life Insurance Company - Separate Account Two |
| | Talcott Resolution Life Insurance Company - Separate Account Ten |
| | Talcott Resolution Life Insurance Company - Separate Account Three |
| | Talcott Resolution Life Insurance Company - Separate Account Seven |
| | Talcott Resolution Life and Annuity Insurance Company - Separate Account One |
| | Talcott Resolution Life and Annuity Insurance Company - Separate Account Ten |
| | Talcott Resolution Life and Annuity Insurance Company - Separate Account Three |
| | Talcott Resolution Life and Annuity Insurance Company - Separate Account Six |
| | Talcott Resolution Life and Annuity Insurance Company - Separate Account Seven |
| | American Maturity Life Insurance Company Separate Account AMLVA |
| | American Maturity Life Insurance Company - Separate Account One |
| | ICMG Registered Variable Life Separate Account A |
| | ICMG Registered Variable Life Separate Account One |
| | Union Security Insurance Company - Variable Account D |
| | Union Security Life Insurance Company of New York - Separate Account A |

---

(b) Directors and Officers of TDC

---

| | |
|:---|:---|
| **<u>Name</u>** | **<u>Positions and Offices with Underwriter</u>** |
| Christopher S. Conner | Secretary, Chief Compliance Officer, Anti-Money Laundering Officer, Privacy Officer and Operations Principal, Director |
| Christopher J. Dagnault | President and Chief Executive Officer, Director |
| Antonio T. Rosa | Chief Financial Officer, Treasurer and Financial & Operations Principal |

---

Unless otherwise indicated, the principal business address of each of the above individuals is 1 American Row, Hartford, CT 06103.

(c) Compensation From Registrant

---

| | | | | |
|:---|:---|:---|:---|:---|
| Name of Principal Underwriter | Net Underwriting Discounts | Compensation on Redemption | Brokerage Commission | Other Compensation |
| Talcott Resolution Distribution Company, Inc. | N/A | N/A | N/A | $31213195 |

---

ITEM 32. LOCATION OF ACCOUNTS AND RECORDS

All of the accounts, books, records or other documents required to be kept by Section 31(a) of the Investment Company Act of 1940 and rules thereunder are maintained by Talcott Resolution at 1 American Row, Hartford, CT 06103.

ITEM 33. MANAGEMENT SERVICES

All management contracts are discussed in Parts A and B of this Registration Statement.

ITEM 34. FEE REPRESENTATION AND UNDERTAKINGS

The insurance company represents that the fees and charges deducted under the Contracts, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the insurance company.

------

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 the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf, in the City of Hartford, and State of Connecticut on April 21, 2026.

Talcott Resolution Life and Annuity Insurance Company

Separate Account Seven

(Registered Separate Account)

---

| | |
|:---|:---|
| By: | /s/ Lisa M. Proch |
|  | Lisa M. Proch, Executive Vice President, Chief Legal Officer |
|  | and Chief Compliance Officer, Director |

---

Talcott Resolution Life and Annuity Insurance Company

(Insurance Company)

---

| | |
|:---|:---|
| By: | /s/ Lisa M. Proch |
|  | Lisa M. Proch, Executive Vice President, Chief Legal Officer |
|  | and Chief Compliance Officer, Director |

---

Pursuant to the requirements of the Securities Act of 1933, this amended Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| <u>Signature</u> | <u>Title</u> | <u>Date</u> |
| /s/ \* | Director | April 21, 2026 |
| Oliver Jakob |  |  |
| /s/ \* | Executive Vice President, Chief Investment Officer, Director | April 21, 2026 |
| James O'Grady |  |  |
| /s/ \* | Executive Vice President, Chief Legal Officer and Chief Compliance | April 21, 2026 |
| Lisa M. Proch | Officer, Director (Serving the Function of Principal Executive Officer) |  |
| /s/ \* | Vice President and Controller (Serving the Functions of Principal | April 21, 2026 |
| Lindsay Mastroianni | Financial Officer and Principal Accounting Officer) |  |
| \*By: /s/ Christopher M. Grinnell | Attorney-in-Fact | April 21, 2026 |
| Christopher M. Grinnell |  |  |

---

\*Executed by Christopher M. Grinnell on behalf of those indicated pursuant to Power of Attorney.

333-176152

------

---

| | | | |
|:---|:---|:---|:---|
| | EXHIBIT INDEX | EXHIBIT INDEX | EXHIBIT INDEX |
| 27 | (i) | (12) | <u>[Master Services Agreement By and Between Talcott Resolution Life Insurance Company and Regulus Group, LLC](ex27i-exelatalcottmsa.htm)</u> |
|  |  | (13) | <u>[Talcott Cognizant MSA](ex27i-talcottcognizantms.htm)</u> |
|  | (j) | (3) | <u>[Reinsurance Agreement between Talcott Resolution Life and Annuity Company and Talcott Resolution Life Insurance Company 7-1-2025](ex-27jxtlaxtlreinsuranceag.htm)</u> |
|  | (k) |  | <u>[Opinion and Consent of Christopher Grinnell, Associate General Counsel](ex-9927kprm3tla176152.htm)</u> |
|  | (l) | (1) | <u>[Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm](ex-9927l1prm3tla176152.htm)</u> |
|  |  | (2) | <u>[Consent of Deloitte & Touche LLP, Independent Auditor](ex-9927l2prm3tla176152.htm)</u> |
|  | (p) |  | <u>[Copies of Powers of Attorney](ex9927ptla.htm)</u> |

---

## Exhibit 99.27

![image_0.jpg](image_0.jpg)**MASTER SERVICES AGREEMENT**

**By and Between**

**Talcott Resolution Life Insurance Company**

**and**

**Regulus Group, LLC**

Talcott Confidential/Proprietary Materials

12842980.3.2 ------

**<u>**TABLE OF CONTENTS**</u>**

---

| | |
|:---|:---|
| ARTICLE 1 DEFINITIONS | [6](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **1.1**&nbsp;&nbsp;&nbsp;&nbsp;**Certain Definitions** | [6](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **1.2**&nbsp;&nbsp;&nbsp;&nbsp;**Other Definitions** | [15](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 2 AGREEMENT, SOWS AND WORK ORDERS | [15](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **2.1**&nbsp;&nbsp;&nbsp;&nbsp;**Agreement; SOWs; Work Orders** | [15](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **2.2**&nbsp;&nbsp;&nbsp;&nbsp;**Termination of Prior Agreement** | **Error! Bookmark not defined.** |
| **2.3**&nbsp;&nbsp;&nbsp;&nbsp;**Components of the Agreement** | **Error! Bookmark not defined.** |
| **2.4**&nbsp;&nbsp;&nbsp;&nbsp;**Term of Agreement** | [16](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **2.5**&nbsp;&nbsp;&nbsp;&nbsp;**Term of SOWs and Work Orders** | [16](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **2.6**&nbsp;&nbsp;&nbsp;&nbsp;**Participation by Talcott Affiliates** | [16](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **2.7**&nbsp;&nbsp;&nbsp;&nbsp;**Companion Agreements** | **Error! Bookmark not defined.** |
| **2.8**&nbsp;&nbsp;&nbsp;&nbsp;**Interpretation and Precedence** | [16](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **2.9**&nbsp;&nbsp;&nbsp;&nbsp;**Freedom to Contract** | [16](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 3 SERVICES | [16](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.1**&nbsp;&nbsp;&nbsp;&nbsp;**Services** | [16](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.2**&nbsp;&nbsp;&nbsp;&nbsp;**Transition Services** | [17](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.3**&nbsp;&nbsp;&nbsp;&nbsp;**Disaster and Business Recovery** | [18](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.4**&nbsp;&nbsp;&nbsp;&nbsp;**Specialized Services or Products** | [19](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.5**&nbsp;&nbsp;&nbsp;&nbsp;**Resources** | [19](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.6**&nbsp;&nbsp;&nbsp;&nbsp;**Cooperation with Third Party Contractors** | [19](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.7**&nbsp;&nbsp;&nbsp;&nbsp;**Sale or Transfer of Talcott Business Units or Affiliates** | [19](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.8**&nbsp;&nbsp;&nbsp;&nbsp;**Dedicated Environment, Provider-Supplied Equipment** | [20](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.9**&nbsp;&nbsp;&nbsp;&nbsp;**Correction of Errors** | [20](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.10**&nbsp;&nbsp;&nbsp;&nbsp;**Subcontracting** | [20](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.11**&nbsp;&nbsp;&nbsp;&nbsp;**Location for Provision of Services** | [21](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.12**&nbsp;&nbsp;&nbsp;&nbsp;**International Considerations** | [22](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.13**&nbsp;&nbsp;&nbsp;&nbsp;**Changes in Circumstances** | [22](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.14**&nbsp;&nbsp;&nbsp;&nbsp;**Continuous Improvement** | [23](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **3.15**&nbsp;&nbsp;&nbsp;&nbsp;**Technology; Best Practices** | [24](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 4 SERVICE LEVELS | [24](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **4.1**&nbsp;&nbsp;&nbsp;&nbsp;**Review of Service Levels** | [24](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **4.2**&nbsp;&nbsp;&nbsp;&nbsp;**Measurement and Monitoring Tools; Reporting** | [24](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **4.3**&nbsp;&nbsp;&nbsp;&nbsp;**Failure to Meet Service Levels** | [24](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **4.4**&nbsp;&nbsp;&nbsp;&nbsp;**Performance Standards; Failure and Correction** | [25](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **4.5**&nbsp;&nbsp;&nbsp;&nbsp;**Acceptance Testing** | [26](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **4.6**&nbsp;&nbsp;&nbsp;&nbsp;**Timely Performance** | [27](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 5 MONITORING AND COMPLIANCE WITH LAWS | [27](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **5.1**&nbsp;&nbsp;&nbsp;&nbsp;**Monitoring and Compliance** | [27](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **5.2**&nbsp;&nbsp;&nbsp;&nbsp;**Changes in Laws**. | [27](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **5.3**&nbsp;&nbsp;&nbsp;&nbsp;**HIPAA Conformance** | [28](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **5.4**&nbsp;&nbsp;&nbsp;&nbsp;**PCI-DSS Compliance** | [28](#iafb94426b13c4afda07f1f2c0e555ffa_4) |

---

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---

| | |
|:---|:---|
| **5.5**&nbsp;&nbsp;&nbsp;&nbsp;**Software and Systems; Implementation of Changes in Laws** | [28](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **5.6**&nbsp;&nbsp;&nbsp;&nbsp;**Workaround** | [29](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **5.7**&nbsp;&nbsp;&nbsp;&nbsp;**Compliance with Talcott Policies** | [29](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 6 TRANSFERS OF EQUIPMENT, FACILITIES AND THIRD PARTY CONTRACTS | [30](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **6.1**&nbsp;&nbsp;&nbsp;&nbsp;**Transfers of Equipment, Facilities and Third Party Contracts** | [30](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 7 PERSONNEL | [30](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **7.1**&nbsp;&nbsp;&nbsp;&nbsp;**Offers and Terms of Employment** | [30](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **7.2**&nbsp;&nbsp;&nbsp;&nbsp;**Key Transitioned Employees** | [31](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **7.3**&nbsp;&nbsp;&nbsp;&nbsp;**Key Provider Positions** | [31](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **7.4**&nbsp;&nbsp;&nbsp;&nbsp;**Provider Employees Assigned to Talcott Account** | [32](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **7.5**&nbsp;&nbsp;&nbsp;&nbsp;**Provider Personnel and Resources** | [32](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **7.6**&nbsp;&nbsp;&nbsp;&nbsp;**Non-Hire** | [32](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **7.7**&nbsp;&nbsp;&nbsp;&nbsp;**Labor Harmony** | [33](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **7.8**&nbsp;&nbsp;&nbsp;&nbsp;**Turnover Rate** | [33](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **7.9**&nbsp;&nbsp;&nbsp;&nbsp;**Background Investigations** | [33](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 8 GOVERNANCE AND CHANGE CONTROL | [33](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **8.1**&nbsp;&nbsp;&nbsp;&nbsp;**Governance** | [33](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **8.2**&nbsp;&nbsp;&nbsp;&nbsp;**Annual Knowledge Transfer** | [34](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **8.3**&nbsp;&nbsp;&nbsp;&nbsp;**Operational Documents** | [34](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **8.4**&nbsp;&nbsp;&nbsp;&nbsp;**Change Control Procedures** | [34](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 9 INTELLECTUAL PROPERTY RIGHTS AND OBLIGATIONS | [36](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **9.1**&nbsp;&nbsp;&nbsp;&nbsp;**Software** | [36](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **9.2**&nbsp;&nbsp;&nbsp;&nbsp;**Ownership of Work Product** | [36](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **9.3**&nbsp;&nbsp;&nbsp;&nbsp;**Provider Software** | [37](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **9.4**&nbsp;&nbsp;&nbsp;&nbsp;**Provider Proprietary Materials** | [38](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **9.5**&nbsp;&nbsp;&nbsp;&nbsp;**Source Code** | [38](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **9.6**&nbsp;&nbsp;&nbsp;&nbsp;**Changes and Upgrades to Software** | [38](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **9.7**&nbsp;&nbsp;&nbsp;&nbsp;**Covenant Not to Sue and Patent License Grant** | [39](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **9.8**&nbsp;&nbsp;&nbsp;&nbsp;**Permits** | [39](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 10 CONFIDENTIALITY | [40](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **10.1**&nbsp;&nbsp;&nbsp;&nbsp;**Confidential Information** | [40](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **10.2**&nbsp;&nbsp;&nbsp;&nbsp;**Contractor Confidentiality Agreement** | [40](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 11 TALCOTT DATA | [40](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **11.1**&nbsp;&nbsp;&nbsp;&nbsp;**Ownership of Talcott Data** | [40](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **11.2**&nbsp;&nbsp;&nbsp;&nbsp;**Return of Talcott Data** | [40](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **11.3**&nbsp;&nbsp;&nbsp;&nbsp;**Destroyed or Lost Data** | [40](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **11.4**&nbsp;&nbsp;&nbsp;&nbsp;**Security** | [41](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **11.5**&nbsp;&nbsp;&nbsp;&nbsp;**Legal Support** | [42](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 12 AUDITS | [42](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **12.1**&nbsp;&nbsp;&nbsp;&nbsp;**Record Keeping and Audit Rights** | [42](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **12.2**&nbsp;&nbsp;&nbsp;&nbsp;**Payments** | [44](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **12.3**&nbsp;&nbsp;&nbsp;&nbsp;**Provider Audits** | [44](#iafb94426b13c4afda07f1f2c0e555ffa_4) |

---

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------

---

| | |
|:---|:---|
| **12.4**&nbsp;&nbsp;&nbsp;&nbsp;**Security Audit** | **Error! Bookmark not defined.** |
| ARTICLE 13 INSURANCE | [44](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **13.1**&nbsp;&nbsp;&nbsp;&nbsp;**Required Insurance Coverages** | [44](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 14 CHARGES | [44](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **14.1**&nbsp;&nbsp;&nbsp;&nbsp;**Fees** | [44](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **14.2**&nbsp;&nbsp;&nbsp;&nbsp;**Taxes** | [44](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **14.3**&nbsp;&nbsp;&nbsp;&nbsp;**Pass-Through Expenses** | [45](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 15 INVOICING AND PAYMENT | [46](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **15.1**&nbsp;&nbsp;&nbsp;&nbsp;**Invoices** | [46](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **15.2**&nbsp;&nbsp;&nbsp;&nbsp;**Payment** | [46](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **15.3**&nbsp;&nbsp;&nbsp;&nbsp;**Proration** | [46](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **15.4**&nbsp;&nbsp;&nbsp;&nbsp;**Refunds** | [46](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **15.5**&nbsp;&nbsp;&nbsp;&nbsp;**Setoff** | [47](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 16 CERTAIN REPRESENTATIONS AND WARRANTIES | [47](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **16.1**&nbsp;&nbsp;&nbsp;&nbsp;**Mutual Representations and Warranties** | [47](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **16.2**&nbsp;&nbsp;&nbsp;&nbsp;**Provider Representations and Warranties** | [47](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **16.3**&nbsp;&nbsp;&nbsp;&nbsp;**Pass-Through Warranties** | [51](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **16.4**&nbsp;&nbsp;&nbsp;&nbsp;**Open Source** | [52](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **16.5**&nbsp;&nbsp;&nbsp;&nbsp;**Disclaimer** | [52](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 17 INDEMNIFICATION | [52](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **17.1**&nbsp;&nbsp;&nbsp;&nbsp;**Mutual Indemnifications** | [52](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **17.2**&nbsp;&nbsp;&nbsp;&nbsp;**Indemnification by Provider** | [52](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **17.3**&nbsp;&nbsp;&nbsp;&nbsp;**Intellectual Property Indemnification** | [53](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **17.4**&nbsp;&nbsp;&nbsp;&nbsp;**Indemnification Procedures** | [54](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **17.5**&nbsp;&nbsp;&nbsp;&nbsp;**Subrogation** | [55](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 18 LIMITATIONS ON LIABILITY | [55](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **18.1**&nbsp;&nbsp;&nbsp;&nbsp;**No Consequential Damages** | [55](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **18.2**&nbsp;&nbsp;&nbsp;&nbsp;**Limit On Direct Damages** | [55](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **18.3**&nbsp;&nbsp;&nbsp;&nbsp;**Exceptions** | [55](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **18.4**&nbsp;&nbsp;&nbsp;&nbsp;**Damages Category** | [56](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **18.5**&nbsp;&nbsp;&nbsp;&nbsp;**Force Majeure** | [56](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **18.6**&nbsp;&nbsp;&nbsp;&nbsp;**Remedies**. | [57](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 19 TERMINATION | [57](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **19.1**&nbsp;&nbsp;&nbsp;&nbsp;**Termination for Cause** | [58](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **19.2**&nbsp;&nbsp;&nbsp;&nbsp;**Termination for Convenience** | [59](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **19.3**&nbsp;&nbsp;&nbsp;&nbsp;**Termination for Insolvency** | [60](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **19.4**&nbsp;&nbsp;&nbsp;&nbsp;**Termination for Financial Condition** | **Error! Bookmark not defined.** |
| **19.5**&nbsp;&nbsp;&nbsp;&nbsp;**Termination for Force Majeure** | [60](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **19.6**&nbsp;&nbsp;&nbsp;&nbsp;**Extension of Expiration or Termination Effective Date** | [60](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **19.7**&nbsp;&nbsp;&nbsp;&nbsp;**Effect of Termination** | [60](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **19.8**&nbsp;&nbsp;&nbsp;&nbsp;**Termination/Expiration Assistance** | [61](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **19.9**&nbsp;&nbsp;&nbsp;&nbsp;**Purchase or Lease of Equipment; Business Assignment** | [62](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **19.10**&nbsp;&nbsp;&nbsp;&nbsp;**Bid Assistance** | [62](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 20 DISPUTE RESOLUTION | [62](#iafb94426b13c4afda07f1f2c0e555ffa_4) |

---

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---

| | |
|:---|:---|
| **20.1**&nbsp;&nbsp;&nbsp;&nbsp;**General** | [62](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **20.2**&nbsp;&nbsp;&nbsp;&nbsp;**Informal Dispute Resolution** | [62](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **20.3**&nbsp;&nbsp;&nbsp;&nbsp;**Applicable Law** | [63](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **20.4**&nbsp;&nbsp;&nbsp;&nbsp;**Jurisdiction and Venue** | [63](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **20.5**&nbsp;&nbsp;&nbsp;&nbsp;**Equitable Remedies** | [63](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **20.6**&nbsp;&nbsp;&nbsp;&nbsp;**Continuity of Services** | [64](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| ARTICLE 21 MISCELLANEOUS | [64](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.1**&nbsp;&nbsp;&nbsp;&nbsp;**Interpretation** | [64](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.2**&nbsp;&nbsp;&nbsp;&nbsp;**Step-in Rights** | **Error! Bookmark not defined.** |
| **21.3**&nbsp;&nbsp;&nbsp;&nbsp;**Records Retention Period** | [65](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.4**&nbsp;&nbsp;&nbsp;&nbsp;**Binding Nature and Assignment** | [65](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.5**&nbsp;&nbsp;&nbsp;&nbsp;**Preferred Customer** | **Error! Bookmark not defined.** |
| **21.6**&nbsp;&nbsp;&nbsp;&nbsp;**Amendment and Waiver** | [66](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.7**&nbsp;&nbsp;&nbsp;&nbsp;**Further Assurances; Consents and Approvals** | [66](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.8**&nbsp;&nbsp;&nbsp;&nbsp;**Prohibited Interests** | [66](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.9**&nbsp;&nbsp;&nbsp;&nbsp;**Publicity** | [66](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.10**&nbsp;&nbsp;&nbsp;&nbsp;**Severability** | [67](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.11**&nbsp;&nbsp;&nbsp;&nbsp;**Bankruptcy Code Section 365(n)** | [67](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.12**&nbsp;&nbsp;&nbsp;&nbsp;**Entire Agreement** | [67](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.13**&nbsp;&nbsp;&nbsp;&nbsp;**Notices** | [67](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.14**&nbsp;&nbsp;&nbsp;&nbsp;**Survival** | [68](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.15**&nbsp;&nbsp;&nbsp;&nbsp;**Independent Contractors** | [68](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.16**&nbsp;&nbsp;&nbsp;&nbsp;**Third Party Beneficiaries** | [68](#iafb94426b13c4afda07f1f2c0e555ffa_4) |
| **21.17**&nbsp;&nbsp;&nbsp;&nbsp;**Counterparts** | [68](#iafb94426b13c4afda07f1f2c0e555ffa_4) |

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**<u>TABLE OF EXHIBITS</u>**

The following Exhibits are attached hereto and incorporated herein by reference:

<u>EXHIBIT 1</u>:&nbsp;&nbsp;&nbsp;&nbsp;REQUIREMENTS FOR PROVIDER'S DISASTER AND BUSINESS RECOVERY PLANS

<u>EXHIBIT 2</u>:&nbsp;&nbsp;&nbsp;&nbsp;ENTERPRISE GOVERNANCE

<u>EXHIBIT 3</u>:&nbsp;&nbsp;&nbsp;&nbsp;FORM OF CHANGE ORDER

<u>EXHIBIT 4</u>:&nbsp;&nbsp;&nbsp;&nbsp;EXECUTED NON-DISCLOSURE AGREEMENT

<u>EXHIBIT 5</u>:&nbsp;&nbsp;&nbsp;&nbsp;INSURANCE REQUIREMENTS

<u>EXHIBIT 6</u>:&nbsp;&nbsp;&nbsp;&nbsp;BACKGROUND CHECK STANDARDS AND ACCESS TO TALCOTT WORK-SITES

<u>EXHIBIT 7</u>:&nbsp;&nbsp;&nbsp;&nbsp;TALCOTT INFORMATION SECURITY SAFEGUARDS

<u>EXHIBIT 8</u>:&nbsp;&nbsp;&nbsp;&nbsp;FORM OF NDA – THIRD PARTY COOPERATION

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**MASTER SERVICES AGREEMENT**

THIS MASTER SERVICES AGREEMENT (the ***"Master Agreement"***) dated as of March 4, 2021 (**"Effective Date"**) is entered into by and between Talcott Resolution Life Insurance Company, a Connecticut corporation (***"Talcott"***), and Regulus Group, LLC (***"Provider"***). Each of Talcott and Provider may be referred to as a ***"Party"*** and collectively as the ***"Parties"***.

**BACKGROUND AND OBJECTIVES**

This Master Agreement is entered into in connection with Talcott decision to contract with Provider for Provider's provision of certain back office, information technology and other services to Talcott and Talcott's Affiliates. This Master Agreement sets forth the general terms and conditions governing the contractual relationship between Talcott and Provider. It is the intent of Talcott and Provider that they will, upon entering into this Master Agreement, enter into one or more Statements of Work (each, a ***"SOW"***), which shall describe the Services to be provided by Provider, and shall contain additional terms and conditions applicable to the Services under that SOW. SOWs. The SOWs together with the Schedules attached thereto, and this Master Agreement together with the Exhibits attached hereto are herein collectively referred to as the ***"Agreement"***.

It is also the intent of Talcott and Provider that they will work diligently together and cooperate during the term of this Master Agreement to maintain open and joint communication at all appropriate levels of management and governance so that: (i) each Party's respective management teams and governing boards remain regularly apprised of the progress and quality of Services provided under the Agreement; (ii) Services are provided consistent with agreed-upon strategies and processes; and (iii) problems are quickly and effectively resolved.

Provider represents that it is an established provider of services. By entering into this Master Agreement and each SOW. Provider represents that it has, and will have, the skills, qualifications, expertise and experience necessary to perform and manage the services described in each SOW applicable SOW in an efficient, cost-effective manner with a high degree of quality and responsiveness.

Talcott's objectives in entering into this Agreement include obtaining: (i) high quality, cost effective information technology services and systems in the areas described in this Agreement, the SOWs; (ii) a flexible relationship with Provider under which Provider will be highly responsive to the requests of Talcott and to changes in technology and methods for providing services, including accommodation of significant changes in volumes of operations, new generations of technology and improved methods of monitoring, measuring and achieving increased levels of service; (iii) continuous improvement in services, while maintaining adherence to Talcott internal budgetary constraints and reducing Talcott associated costs in each area of Services performed by Provider; and (iv) consistent and effective management of the relationship between Provider and Talcott.

**NOW THEREFORE**, in consideration of the foregoing and the mutual promises and covenants contained herein, the receipt, sufficiency, and adequacy of which are hereby acknowledged, Talcott and Provider, intending to be legally bound, hereby contract and agree as follows:

**ARTICLE 1 - DEFINITIONS**

**1.1Certain Definitions**

In this Agreement, the following terms shall have the meanings set forth below.

***"Additional SOA Information"*** means the following or such new SOA Information requested by Talcott (i) 90 days prior to the end of Talcott fiscal year, a service auditor's report on controls placed in operation and tests of operating effectiveness (otherwise known as a Type II Report) as defined in SSAE No. 16; (ii) by January 31 of each year, a letter attesting to the controls in place as of the most recent SSAE No. 16 Type II Report and that that they were still in effect as of December 31 of the previous year; and (iii) by January 31 of each year a letter attesting that such controls were in effect as the date of issuance of the financial statements covering all or part of that year. All such information provided hereunder with respect to Additional SOA Information is limited to the Services provided hereunder.

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***"Additional Tests"*** has the meaning given in Section 4.5(a).

***"Affected Services"*** has the meaning given in Section **Error! Reference source not found.**.

***"Affiliate"*** means any entity that controls, or is controlled by, or is under common control with, a Party, where **"control"** means the legal, beneficial or equitable ownership, directly or indirectly, of forty percent (40%) or more of the capital stock (or other ownership interest, if not a corporation) of such entity ordinarily having voting rights or possessing, directly or indirectly, the power to direct or cause the direction of the management, policies and operations of such entity, whether through ownership or voting securities, by contract or otherwise.

***"Agreement"*** has the meaning given in the section titled Background and Objectives.

***"Attachment"*** means an attachment to a Work Order, as such attachment may be amended from time to time.

 ***"Best Commercial Practice"*** means, with respect to any objective or obligation, taking such steps and performing in such a manner as a well-managed business would undertake were such business acting in a determined, prudent and reasonable manner to achieve a particular result for its own benefit (using standards for well-managed businesses that are not less stringent than those applicable in the United States), and in any event a prompt and diligent effort, made in a professional and workmanlike manner, using an appropriate number of qualified individuals.

***"Business Continuity Plan"*** means the business continuity plan set forth in the applicable SOW (or a Schedule or Attachment thereto) or developed by Provider in accordance with Section 3.3 and that meets the requirements of **<u>Exhibit 1</u>**.

***"Change Control Procedures"*** means all of the procedures described in Section 8.4.

***"Change of Control"*** means the transfer of the control, or sale of all or substantially all of the assets (in one or more transactions), of a Party or other designated person or entity (including in the case of Provider, any Provider Affiliate providing Services hereunder or a segment (as defined under GAAP) or business unit of Provider that provides Services hereunder) from the person(s), entity or entities who hold such control of such Party or other designated person or entity on (i) the Effective Date of this Agreement or the applicable SOW Effective Date, or (ii) as of any prior change of control during the Term, to one or more other persons or entities, but shall not include a transfer of the control of a Party to an Affiliate of such Party. The term **"control"** for purposes of this definition shall have the same meaning set forth in the definition of **"Affiliate"** above

***"Change Order"*** has the meaning given in Section 8.4(a).

***"Changed Circumstance"*** has the meaning given in Section 3.13.

***"Charges"*** has the meaning given in Section 14.1.

***"Code"*** has the meaning given in Section 21.9.

**"*Compliance Directive"*** has the meaning given in Section 5.1.

***"Confidential Information"*** has the meaning given in the Non-Disclosure Agreement.

***"Contract Year"*** means each interval of twelve consecutive month periods commencing on the Effective Date or any anniversary of such Effective Date during the applicable Term.

***"Correction Period"*** has the meaning given in Section 4.5(b).

***"Currency Compliant"*** means, as to any software, that such software operates with any data denominated in the currency of any geographic location where the Services are performed by Provider or received by Talcott or Talcott Affiliates in the same manner as it operates with data denominated in U.S. dollars or the national currency unit of any member state of the European Union, without any material performance or functionality degradation.

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***"Current Provider"*** means any third-party service provider of Talcott or its Affiliates, whether providing services prior to or during an SOW Term, including services that will be transitioned to Provider as may be set forth in an SOW.

***"Date Compliant"*** has the meaning given in Section 16.2(k).

***"Deliverables"*** means, as further specified in an SOW or a Work Order, results of the Services to be provided by Provider to Talcott, including output produced in electronic, written or verbal form.

***"Designated Employees"*** has the meaning given in Section **Error! Reference source not found.**.

***"Designated Talcott Business Group"*** means Talcott or Talcott Affiliate's business line, group or other organizational business unit designated in an SOW as the recipient of Services under that Work Order.

***"Developed Software"*** shall mean any Software developed pursuant to this Agreement, any SOW by Provider, or by Provider jointly with others including Talcott.

***"Disaster Recovery Services"*** means those services described in Section 3.3 of this Master Agreement, **<u>Exhibit 1</u>** hereto, the "Business Continuity and Disaster Recovery Requirements" Schedule to each SOW and the additional disaster recovery / business continuity requirements set forth in such SOWs. The Disaster Recovery Services are part of the Services.

***"Dispute"*** has the meaning given in Section 20.1.

***"Dispute Commencement Date"*** has the meaning given in Section 20.1.

***"Effective Date"*** has the meaning given in the Preamble to the Agreement.

 ***"Equipment"*** means the computer, communications and other equipment owned or leased by Provider, Talcott or any of Talcott Affiliates and used by Provider to provide the Services. Equipment includes, without limitation, all associated accessories and peripheral devices used in the provision of Services.

***"Failure"*** has the meaning given in Section 4.5(b).

***"Force Majeure Events"*** has the meaning given in Section 18.5(a).

***"Good Faith Dispute"*** has the meaning given in Section 15.2(c).

***"Healthcare Laws"*** means Laws applicable to the provision of healthcare services, including HIPAA, HITECH ACT, and HIPAA Regulations, Laws under the Social Security Act and respecting the Health Care Financing Administration (including those respecting Medicare), and all Laws governing medical confidentiality, including disclosure of AIDS or human immunodeficiency virus-related information, effective during the Term, including as they are changed, supplemented or newly added from time to time.

**"*HIPAA*"** means the Health Insurance Portability and Accountability Act of 1996, as the same may be amended from time to time. HIPAA includes the HIPAA Regulations.

***"HIPAA Regulations"*** has the meaning given in Section 5.3.

***"HITECH Act"*** means the Health Information Technology for Economic and Clinical Health Act, enacted as part of the American Recovery and Reinvestment Act of 2009, Public Law 111-5, and the regulations promulgated in support thereof, as the same subsequently may be amended from time to time, including any interim final regulations promulgated pursuant to the HITECH Act that amend the HIPAA Regulations.

***"Indemnitee"*** has the meaning given in Section 17.4(a).

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***"Indemnitor"*** has the meaning given in Section 17.4(a).

***"Insurance Regulations"*** means Laws applicable to Talcott business operations.

***"Intellectual Property Rights"*** means any and all intellectual property rights existing from time to time under any Laws, including without limitation patent law, copyright law, semiconductor chip protection law, moral rights law, trade secret law, trademark law (together with all of the goodwill associated therewith), unfair competition law, publicity rights law, or privacy rights law, and any and all other proprietary rights, and any and all applications, renewals, extensions and restorations of any of the foregoing, now or hereafter in force and effect anywhere in the world. For purposes of this definition, rights under patent law shall include rights under any and all patent applications and patents (including letters patent and inventor's certificates) anywhere in the world, including any provisionals, substitutions, extensions, supplementary patent certificates, reissues, renewals, divisions, continuations in part (or in whole), continued prosecution applications, requests for continued examination, and other similar filings or stages thereof provided for under the laws of the United States, or of any other country.

***"IT Laws"*** means Laws, other than Healthcare Laws, applicable to the provision of data processing and information technology services, effective during the Term, including as they are changed, supplemented or newly added from time to time.

***"Key Provider Positions"*** has the meaning given in Section 7.3(a).

***"Key Transitioned Employees"*** has the meaning given in Section 7.2.

***"Laws"*** means all applicable laws (including common law), statutes, codes, rules or regulations, reporting requirements, ordinances, order, decree, judgment, consent decree, settlement agreement, or other pronouncement having the effect of law of the United States, any foreign country, or any domestic or foreign state, county, city or other political subdivision, including those promulgated, interpreted or enforced by any governmental or regulatory authority, or the NYSE or other self-regulatory authority, including HIPAA and the HITECH Act, Title V of the Gramm-Leach-Bliley Act ("***GLBA***"), any other Privacy Laws, Healthcare Laws, IT Laws, Insurance Regulations, the Foreign Corrupt Practices Act of 1977 ("***FCPA***"), immigration laws, and import and export laws. The term "Laws" further includes any guidance, bulletins, white papers, pronouncements, reports or similar communications issued by any governmental authority or applicable self-regulatory or industry body (including PCI DSS), whether or not such guidance, bulletins, white papers, pronouncements, reports or similar communications have the force of law, that are applicable to the portion of the operations of Talcott performed by Provider as part of the Services (as determined by Talcott in its sole discretion).

***"Location Change"*** has the meaning given in Section 3.11.

***"Locations"*** means the locations at and from which Provider will provide and perform the Services set forth in each Work Order, as well as Talcott locations to which Provider will provide the Services.

***"Losses"*** means all judgments, settlements, awards, damages, losses, charges, liabilities, lost premiums, penalties, interest claims (including taxes and all related interest and penalties incurred directly with respect thereto), and all related reasonable costs, expenses and other charges (including all reasonable attorneys' fees and reasonable internal and external costs of investigations, litigation, hearings, proceedings, document and data productions and discovery, settlement, judgment, award, interest and penalties), however described or denominated.

***"Malware"*** means computer software, code or instructions that: (a) adversely affect the operation, security, availability or integrity of a computing, telecommunications or other digital operating or processing system or environment, including without limitation, other programs, data, databases, computer libraries and computer and communications equipment, by altering, destroying, disrupting or inhibiting such operation, security or integrity; (b) without functional purpose, self-replicate without manual intervention; (c) purport to perform a useful function but which actually perform either a destructive, harmful or unauthorized function, or perform no useful function and utilize substantial computer, telecommunications or memory resources; or (d) without authorization collect and/or transmit to third parties any information or data; including such software, code or instructions commonly known as viruses, Trojans, logic bombs, worms and spyware.

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***"Master Software License Agreement"*** means that certain master software license agreement to be entered into by and between the Parties hereto.

***"Non-Disclosure Agreement"*** has the meaning given in Section 10.1(a).

***"Notice of Assumption of Defense"*** has the meaning given in Section 17.4(a).

***"Notification Related Costs"*** has the meaning given in Section **Error! Reference source not found.**.

***"Party"*** and ***"Parties"*** have the meaning given in the preamble to this Agreement.

***"Pass-Through Expenses"*** means the actual invoiced amounts (excluding any Provider profit, administrative fee or overhead charges unless expressly provided for in the applicable SOW) charged to Provider by third parties that Talcott has agreed to pay directly or for which Talcott has agreed to reimburse Provider.

***"PCI-DSS"*** means the Payment Card Industry Data Security Standard, version 3.0, as the same may be succeeded, modified, clarified, or amended from time to time. "PCI-DSS" further includes any applicable guidelines or guidance provided or authorized by the PCI Security Standards Council and any requirements of the individual payment card brands (e.g., Visa, MasterCard, American Express).

***"Performance Standards"*** has the meaning given in Section 4.4.

***"Permits"*** means all permits, licenses, rights, regulatory approvals and authorizations, whether domestic or international, and including all applicable import/export control approvals required for Provider or its subcontractors to provide the Services to Talcott. Permits include any consents, approvals or other arrangements to be obtained by a Party under the Agreement (a) to allow a Party to assume financial, support, operational, management and/or administrative responsibility for any software licenses, software maintenance agreements, hardware licenses, hardware leases, space leases, hardware maintenance agreements, network, support and services agreements and similar arrangements; (b) to allow for the transfer of any of the contractual arrangements described in (a) above from one Party or its Affiliates to another Party or its Affiliates; and (c) to permit access, use and other rights for a Party with respect to software, hardware, equipment, services, facilities and similar items.

***"Personnel Confidentiality Agreement"*** has the meaning given in Section 10.2.

***"Personnel Schedule"*** has the meaning given in Section **Error! Reference source not found.**.

***"Physical Security"*** has the meaning set forth in Section 11.4(d).

***"Policies & Procedures"*** has the meaning given in Section 5.7.

***"Preferred Customer Status"*** has the meaning given in Section **Error! Reference source not found.**.

***"Privacy Laws"*** means all Laws regarding the privacy of information pertaining to individuals.

***"Prior Agreement"*** means that certain Master Services Agreement by and between Provider and Talcott, dated November 16, 2005.

***"Prior SOWs"*** has the meaning given in Section **Error! Reference source not found.**.

***"Procedures Manual"*** has the meaning given in Section 8.3(a).

***"Process" or "Processing"*** has the meaning set forth in Section 11.4(d).

***"Protected Health Information" or "PHI"*** shall have the meaning set forth in 45 CFR Part 160.103, as amended or modified from time to time.

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***"Provider"*** has the meaning given in the preamble to this Agreement.

***"Provider Facility" and "Provider Facilities"*** means the facility or facilities, respectively, owned or leased by Provider and from which the Provider (or any Affiliate or subcontractor of Provider) provides any Services.

**"*Provider Laws"*** has the meaning given in Section 5.1.

**"*Provider Licensed Software"*** means any Software that is licensed to Provider by any third party.

**"*Provider Materials"*** has the meaning given in Section 17.3(a).

**"*Provider Owned Software"*** means any Software that is owned by Provider*.*

***"Provider Patent Rights"*** has the meaning given in Section 9.7.

***"Provider Personnel"*** means employees, consultants, agents, or other representatives of Provider and Provider's Affiliates and subcontractors assigned to performing Services.

***"Provider Proprietary Materials"*** has the meaning given in Section 9.4.

***"Provider Software"*** means Provider Owned Software and Provider Licensed Software, collectively.

**"*Provider SOW Manager*"** has the meaning given in the applicable SOW.

 ***"Rate Card"*** means the labor rates agreed upon annually by the Parties for Services that are expressly stated as subject to "Rate Card" rates.

***"Rate Schedule"*** means the rate schedule for Charges for the Services as set forth in each SOW.

***"Regulatory Assistance Services"*** means the Services that are reasonably necessary for Talcott and Talcott Affiliates to (i) respond to regulatory or other audits, (ii) provide data or regulatory filings required by Talcott, its employees and/or customers, as applicable, and (iii) provide any reports related to the above described Services.

***"Reports"*** means the reports described in each SOW.

***"Required Action"*** has the meaning given in Section **Error! Reference source not found.**.

***"Resource Pyramid"*** has the meaning given in Section **Error! Reference source not found.**.

***"Restated SOWs*"** has the meaning given in Section **Error! Reference source not found.**.

***"Schedule*"** means a schedule to an SOW, as such schedule may be amended from time to time.

***"Security Breach"*** has the meaning given in Exhibit 7 (Information Security Safeguards).

***"Service Commencement Date"*** means the date on which Provider is to begin providing a specific Service as designated in the applicable SOW or, if no Service Commencement Date is specified in an SOW, the SOW Effective Date.

***"Service Credits"*** are the financial amounts Provider will pay for failing to meet the Service Levels specified in an SOW as further described in Section 4.3(a).

**"*Service Delivery Management Committee*"** has the meaning given in the applicable SOW or Schedule thereto.

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***"Service Levels"*** are the performance levels Provider is to achieve for the Services, as set forth in the applicable SOW and/.

***"Services"*** means all services to be provided by Provider to Talcott under this Agreement, any SOW or any Work Order, whether of a technical or administrative nature or otherwise and as further defined in Section 3.1. Services include the Regulatory Assistance Services, the Disaster Recovery Services and the Transition Services.

***"SOA"*** means the Sarbanes-Oxley Act of 2002, as amended, and the rules and regulations promulgated thereunder, including Section 404 of SOA and the rules and regulations promulgated thereunder (***"Section 404 of SOA"***).

***"SOA Compliance Period"*** means during the Term and continuing thereafter until the later of the (i) completion of the audit of Talcott financial statements; and (ii) completion and filing with the SEC of Talcott annual report on a Form 10-K (or any successor form), in each case for the fiscal year during which the Agreement expires and/or terminates.

***"Software"*** means any applications, operating systems, tools, utility programs, communications software, computer software languages, interfaces and any other computer programs (i.e., any set of statements or instructions, whether or not in a machine readable medium, to be used directly or indirectly in a computer in order to bring about a certain task or result), and documentation and supporting materials relating thereto, in whatever form or media, together with all corrections, improvements, modifications, updates, upgrades and new releases thereof.

***"SOW"*** has the meaning given in the section titled Background and Objectives.

***"SOW Term"*** has the meaning given in Section 2.3.

***"Specifications"*** has the meaning given in Section 4.5(a).

**"*Steering Committee*"** has the meaning given in the applicable SOW or Schedule thereto.

***"Step-In Rights"*** has the meaning given in Section **Error! Reference source not found.**.

***"Strategic Business Review"*** has the meaning given in **<u>Exhibit 2</u>**.

***"System"*** has the meaning set forth in Section 5.5.

***"System Access"*** has the meaning given in Section 5.7(c).

***"Systems Security"*** has the meaning set forth in Section 11.4(d).

***"Targeted Cost Increases"*** has the meaning given in Section 3.13(b)(ii).

***"Targeted Cost Reductions"*** has the meaning given in Section 3.13(b)(i).

***"Targeted Resource Additions"*** has the meaning given in Section 3.13(b)(ii).

***"Targeted Resource Reductions"*** has the meaning given in Section 3.13(b)(i).

***"Taxes"*** has the meaning given in Section 14.2(a).

***"Technology Plan"*** has the meaning given in the applicable SOW.

***"Term"*** has the meaning given in Section 2.2. When used herein in the context of a Work Order, **"Term"** refers to the applicable SOW Term and in the context of an SOW, "Term" refers to the applicable SOW Term.

***"Termination/Expiration Assistance"*** has the meaning given in Section 19.7(a).

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***"Talcott"*** has the meaning given in the Preamble to this Agreement.

***"Talcott Affiliate"*** means any Affiliate of Talcott.

***"Talcott Data"*** means all Confidential Information of Talcott Group and all data and information, in whatever form or format, submitted to Provider (or its Affiliates or subcontractors) by or on behalf of Talcott or any of Talcott Affiliates, or obtained, developed or produced by Provider (or its Affiliates or subcontractors) in connection with the Services, including information relating to Talcott's, or any of Talcott Affiliate's, underwriting information, process and methods, customer data, financial data, suppliers, employees, technology, operations, facilities, consumer markets, products, capacities, systems, procedures, security practices, research, development, business affairs and finances, ideas, concepts, innovations, inventions, designs, business methodologies, improvements, trade secrets, copyrightable subject matter and other proprietary information. Talcott Data includes all such data and information Processed or stored, and/or then provided to or for Talcott Group as part of the Services, including, without limitation, data contained in forms, reports and other similar documents provided by Provider as part of the Services.

***"Talcott Equipment"*** means any Equipment owned by Talcott and used by Provider to provide the Services.

***"Talcott Facility" and "Talcott Facilities"*** means the facility or facilities, respectively, owned or leased by Talcott and from which the Provider provides any Services, as agreed upon by the Parties and documented in the applicable SOW.

***"Talcott Indemnitees"*** has the meaning given in Section 17.2.

**"*Talcott Laws"*** has the meaning given in Section 5.1.

***"Talcott Licensed Software"*** means any Software that is licensed to Talcott and/or any Talcott Affiliate by any third party, used in conjunction with any of the Services.

***"Talcott Materials"*** has the meaning given in Section 17.3(c).

***"Talcott Modifications"*** has the meaning set forth in Section 9.3.

**"*Talcott Owned Software*"** means any Software owned by a member of Talcott Group, including any modification, enhancements, new versions, updates or upgrades thereto, that is used by Provider to deliver the Services, or used by Talcott Group on Provider assets.

**"*Talcott Group"*** means individually and collectively Talcott and any existing and future Affiliates of Talcott that are using and/or receiving any portion of the Services and any other persons or entities in which an Affiliate of Talcott has an ownership interest and which are authorized by Talcott to use all or any portion of the Services, including joint ventures in which an Affiliate of Talcott has an interest.

***"Talcott Rate"*** has the meaning given in Section 14.1.

***"Talcott Software*"** means Talcott Owned Software and Talcott Licensed Software, collectively.

**"*Talcott SOW Manager*"** has the meaning given in the applicable SOW or Schedule thereto.

***"Talcott Third Party Contracts"*** means those Third Party Contracts between Talcott and a third party for which Provider has undertaken financial, management, operational, use, access and/or administrative responsibility and/or benefit in connection with the provision of the Services, as identified in the applicable SOW.

***"Third Party Contracts"*** means any contract that is a Third-Party Software License or Third-Party Service Contract.

***"Third Party Service Contracts"*** means, collectively, (i) the agreements between Talcott and a third party pursuant to which the third party is providing to Talcott any services included within the Services; and (ii) the agreements between Provider and a third party pursuant to which the third party is

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providing to Talcott or Provider at any time during the applicable SOW Term any services included within the Services.

***"Third Party Software License"*** means a license agreement that authorizes Talcott or Provider to use Third Party Software.

***"Third Party Software"*** means any Software that is owned by any entity or person other than Provider or Talcott and used by Provider to provide the Services.

***"Transferred Entity"*** has the meaning given in Section 3.7.

***"Transferred Equipment"*** has the meaning given in Section 6.1.

***"Transition"*** and any variation thereof means the transition or implementation of resources and operational responsibilities for performance of the Services to Provider.

***"Transitioned Employee"*** has the meaning given in Section **Error! Reference source not found.**.

***"Transition Completion Date"*** means the date a Transition is completed in accordance with a Transition Plan.

**"*Transition Management Committee*"** has the meaning given in the applicable SOW or Schedule thereto.

***"Transition Plan"*** has the meaning given in Section 3.2(a).

***"Transition Services"*** has the meaning given in Section 3.2(a).

***"Turnover Plan"*** has the meaning given in Section 19.7(d).

**"Use"** means with respect to any service or tangible or intangible item, to access, use, copy, modify and prepare derivative works therefrom, make, export, distribute, publicly perform, publicly display and otherwise exploit (where exploit means to exercise similar rights conferred to owners of Intellectual Property Rights under applicable Law) such service or item, and sublicense to or permit others the right to do the same.

**"*VCCLEA*"** has the meaning given in Section 16.2(h).

***"Work Order"*** has the meaning given in the section titled Background and Objectives.

***"SOW Effective Date"*** means the effective date of an executed Work Order, or the date of commencement of Services pursuant to a Work Order, if earlier.

***"SOW Term"*** has the meaning given in Section 2.3.

***"Work Product"*** has the meaning given in Section 9.2.

**1.2Other Definitions**

In each SOW and Work Order, all capitalized terms shall have the meanings set forth in the "Definitions" section of the SOW, as applicable. Other capitalized terms are defined where they first appear and have the respective meanings there indicated.

**ARTICLE 2 - AGREEMENT, SOWS AND WORK ORDERS**

**1.1Agreement; SOWs;** This Master Agreement contains general terms for Services to be provided to Talcott by Provider. Services will be provided by Provider pursuant to SOWs entered into by duly authorized representatives of Talcott and Provider. Generally, the Parties intend to enter into separate SOWs for particular Services. Each SOW will describe, at a minimum, the Services covered by the SOW.

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Each SOW shall be substantially in the form of the SOW template attached hereto. Each SOW shall become effective only upon its execution by a duly authorized representative of each Party and he issuance of an implementing purchase order of Talcott's procurement organization.

**1.2Term of Agreement**

The term of this Master Agreement (the ***"Term"***) shall commence as of the Effective Date and shall continue until terminated in accordance with the provisions of this Master Agreement.

**1.3Term of SOWs** 

Each SOW and shall set forth the applicable SOW term (***"SOW Term"***).

**1.4Participation by Talcott Affiliates**

Talcott may execute an SOW to procure Services to be performed by Provider for Talcott or any Talcott Affiliate. Additionally, any Talcott Affiliate may itself procure Services to be performed by Provider by executing an SOW in its own name. With respect to any such SOW entered in between a Talcott Affiliate and Provider, references in the Agreement to **"Talcott"** shall refer to that Talcott Affiliate. Except as otherwise set forth in the applicable Work Order, Talcott shall remain fully responsible for each Talcott Affiliate's compliance with the obligations and the terms of this Agreement, and for the acts and omissions of Talcott Affiliates and Talcott Affiliate employees or agents.

**1.5Interpretation and Precedence**

This Master Agreement, as amended from time to time and any SOW then in effect are to be interpreted so that all of the provisions are given as full effect as possible. In the event of a conflict between this Master Agreement and any SOW the order of precedence shall be first, any amendment or addendum to this Master Agreement; second, this Master Agreement; third, any Exhibit to this Master Agreement; fourth, the applicable SOW and its Schedules; and fifth, the applicable SOW and its Attachments. All of the terms of this Master Agreement, including as modified by any amendments or addendums hereto, shall apply to each SOW except that an SOW may modify any provision of this Master Agreement which explicitly provides that the terms contained herein may be varied by the terms of an SOW. Such modification by an SOW shall be as to such SOW only.

**1.6Freedom to Contract**

Nothing in this Agreement requires Talcott or Talcott Affiliates to purchase products or services from Provider. Neither Talcott nor any of Talcott Affiliates commits to any specific overall level or volume of business with Provider. Talcott and Talcott Affiliates may request information, proposals, or competitive bids from third parties for any products or services, whether or not the same or similar to the products and services provided by Provider under this Agreement, and whether on the same or different terms than those in this Agreement.

**ARTICLE 3 - SERVICES**

**1.1Services**

Starting on the Service Commencement Date of each SOW and continuing throughout each SOW Term, Provider shall provide the Services and Deliverables described in each such SOW to, and perform the Services for, the members of Talcott Group in accordance with the SOW and this Agreement.

**"Services**" shall include the following:

(1)the services, functions, responsibilities, activities, tasks and projects described in this Master Agreement and the SOW as such Services may be amended from time to time by mutually agreed upon written amendments thereto or pursuant to the Change Control Procedures set forth in the Agreement;

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(2)the services, functions, responsibilities, activities, tasks and projects not specifically described in the Agreement that are required for the proper performance and provision of the Services and are an inherent part of, or necessary subpart included within, the Services, subject to any limits specified in the applicable SOW; and

(3)the services, functions, responsibilities, activities, tasks and projects that were routinely performed by Talcott personnel and contractors in the fifteen (15) month period preceding the SOW Effective Date who are (i) transitioned to Provider or (ii) displaced or whose functions were displaced as a result of the Work Order, even if the service, function, responsibility, activity, task or project so performed is not specifically described in the SOW, provided that, with respect to such services, functions, responsibilities, activities, tasks and projects that Provider was unaware of as of the Service Commencement Date and that were not uncovered by Provider in the course of Provider's due diligence or Transition activities (and due to no fault of Provider) ("Non-Performed Services"), Talcott shall notify Provider of any such Non-Performed Services and Provider shall not be in breach of the Agreement for failing to provide such Non-Performed Services prior to receiving such notice from Talcott.

For the avoidance of doubt, if Talcott requests that Provider perform functions, responsibilities, activities, tasks and projects that fall outside the scope of the Services, such requests shall be handled in accordance with the Change Control Procedures or pursuant to a new SOW hereunder.

**1.2Transition Services**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Transition Plan</u>. As a part of the Services, Provider shall perform those Transition services and functions (the ***"Transition Services"***)designated in this Master Agreement and in the Services Order executed by the parties on December 4, 2020 (the "Services Order"). As further provided in the Services Order or an applicable SOW, Provider shall develop and, upon Talcott's approval, implement a plan to perform all Transition Services necessary to accomplish the successful Transition to the Provider (***"Transition Plan"***). Each Transition Plan will include: (i) all Transition Services required to be performed in order to completely migrate the Services to Provider; (ii) an allocation of responsibilities between the Parties for the performance of such Transition Services; (iii) the transition of the administration, management, operation under and financial responsibility for Talcott Third Party Contracts from Talcott to Provider; (iv) the transition to Provider of the performance of and responsibility for the other functions, responsibilities and tasks currently performed by Talcott (or by a third party on behalf of Talcott) which comprise the Services; (v) Service Levels applicable to the Transition Services; (vi) the Services, projects, tasks, responsibilities and timelines for activities to be performed in connection with the evolution, integration and transformation of the functions comprising the Services in accordance with the agreed upon plan; and (vii) such other information and planning as are necessary to ensure that the Transition takes place on schedule and without disruption to the operations or business of Talcott and Talcott Affiliates. Each SOW shall include (upon execution) an initial Transition Plan setting forth a high-level timeline for Transition activities. The final Transition Plan, specifying the details required by the applicable SOW, shall be mutually agreed upon by the Parties not later than the date specified in the SOW. The approved Transition Plan(s) will be attached to or incorporated within the applicable SOW. Provider shall perform the Transition Services in accordance with the Transition Plan and other transition requirements set forth in the applicable SOW(s) without causing any unplanned material disruption to Talcott or its Affiliates' business, except as and to the extent specifically set forth in the Transition Plan. The SOW and Work Order, and the Transition Plan developed under the SOW shall include a Transition acceptance test and applicable acceptance criteria for each Service that is transitioned, to accomplish a complete and satisfactory Transition of Services. Provider's costs and fees to perform the Transition are set forth in the Services Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Critical Path Analysis</u>. During the period Provider is providing Transition Services, Provider shall maintain a "critical path analysis" for the particular Transition project that will indicate the impact on the Transition project time schedule and Transition milestones based upon any occurrences of acts, omissions or breaches by Provider, Talcott or third parties. Provider's critical path analysis shall be provided to and reviewed with Talcott SOW Manager on at least a weekly basis and shall be presented to the Transition Management Committee (or if there is no Transition Management Committee, then the Steering Committee) or Talcott representative at each meeting during the particular Transition.

**1.3Disaster and Business Recovery** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Provider shall, from the applicable Service Commencement Date, provide Disaster Recovery Services for all relevant Services, which shall comply with the requirements set forth in **<u>Exhibit 1</u>** (Requirements for Provider's Disaster and Business Recovery Plans). In addition, as part of the

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Disaster Recovery Services, Provider will implement particular business continuity and disaster recovery capabilities and plans with respect to the Services to be provided under an SOW that provide for the continuation of the Services, including replacement of Provider Personnel, recovery of Talcott Data and Provider's operating environment and telecommunications infrastructure as necessary to provide the Services with no or minimal interruption of Services and no material degradation of Service quality, all in accordance with the "Disaster Recovery Requirements" Schedule to the SOW and the Disaster Recovery Plan included as an Attachment to the applicable SOW. In addition, Provider agrees to implement, maintain and improve the Disaster Recovery Plans as necessary to keep the plan current with applicable industry standards and best practices, and as otherwise necessary to satisfy Provider's obligations under the Agreement. Prior to implementing any material change to the Disaster Recovery Plan, Provider will provide Talcott the details of such change for Talcott review and written approval. The business continuity and disaster recovery requirements in **<u>Exhibit 1</u>** are minimum requirements that may be superseded in an SOW.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Provider will perform testing of the Business Continuity Plan at least -annually and promptly provide Talcott with the results of such tests (no later than 30 days from such testing). Talcott shall be provided at least two (2) weeks' notice of and shall have the right to observe and participate in, such testing. If the Business Continuity Plan fails to meet the success criteria set forth therein, Provider will promptly remedy any identified failures and as soon as reasonably practicable conduct another test of the Business Continuity Plan. Failure of the Business Continuity Plan to meet success criteria acceptable to Talcott and set forth in **<u>Exhibit 1</u>** or the applicable Business Continuity "Requirements" Schedule of the SOW will be deemed a material breach of this Agreement by Provider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Upon Provider's determination that a disaster has occurred or is imminent, Provider shall promptly notify Talcott and implement the Business Continuity Plan. During any disaster, Provider will notify Talcott daily of the status of the disaster. During a disaster, Provider will recover its customers in accordance with the criticality of the applicable services or applications (as set forth in the applicable disaster recovery plan(s)), but will not give greater priority to any of its other similarly situated customers in its recovery efforts than it gives to Talcott. Either Party may retain a third party to provide or restore Services in the event that Provider fails to recover in accordance with applicable recovery periods set forth in the applicable "Disaster Recovery Requirements" Schedule, or in the event Provider fails to implement all or a portion of the Disaster Recovery Plan, and Provider will be liable for payment for such replacement services from the third party for so long as the disaster continues unless such failure occurs due to an unplanned for and not reasonably foreseeable Force Majeure event. Talcott agrees to use commercially reasonable efforts to minimize the charges incurred for any such replacement provider retained by Talcott. Talcott will continue to pay Provider the Charges associated with the Services during such time. Upon conclusion of a disaster, Provider will, as soon as reasonably practicable (but in any event within 30 days), provide Talcott with an incident report detailing the reason for the disaster and all actions taken by Provider to resolve the disaster.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)If there is no applicable Business Continuity Plan or recovery time for a particular Service, the recovery time for such Service shall be comparable to the recovery time for substantially similar (in terms of business impact to Talcott) Services. In the event of a disaster, Force Majeure Event or business interruption, Provider shall not increase any fees charged to Talcott under this Agreement. Unless expressly stated otherwise in this Master Agreement, no fees shall be due hereunder for Services not performed, whether due to a disaster, Force Majeure Event, business interruption or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)As part of the Business Recovery Services, Provider shall participate in Talcott testing of its own business continuity and disaster recovery plans and, at Talcott request, shall assist Talcott in evaluating the results of such testing as related to the Services.

**1.4Specialized Services or Products**

From time to time Talcott may request that Provider use Best Commercial Practices to obtain products or specialized services that may be available from a third party supplier and to the extent that Provider can make such products or specialized services available to Talcott at prices more favorable than would otherwise be available to Talcott directly. Provider shall notify Talcott at a minimum during the meetings of the applicable Steering Committee and more frequently as appropriate of all relationships Provider may have with such third-party suppliers that may be of benefit to Talcott in this respect.

**1.5Resources**

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Except as otherwise expressly provided in this Agreement, an SOW, Provider shall provide, at its sole expense, all of the facilities, personnel, Equipment, Software, services and other resources necessary to provide the Services. If set forth in an SOW. throughout the Term, Talcott shall, at no cost to Provider, make available to Provider Personnel who are assigned to work at Talcott Facilities pursuant to a Work Order, reasonable access to such standard office space, computer equipment and supplies as are reasonably necessary to perform the Services, as more particularly set forth in such Work Order. Provider shall not implement any action or decision regarding such resources that would have a material adverse effect on the Services (including changes in Equipment, Software and systems configurations), Service Levels, the amounts payable to Provider under any SOW or other Talcott costs and expenses, without Talcott's prior written consent.

Prior to the commencement and for the duration of the applicable SOW Term, Provider will provide and make available the Provider SOW Manager to Talcott.

**1.6Cooperation with Third Party Contractors**

Provider agrees that Provider will reasonably cooperate with, and will cause its Affiliates and subcontractors to reasonably cooperate with, third party contractors (including Current Providers) providing services to Talcott or Talcott Affiliates, including responding to information requests, supplying technical or project-related information, coordinating the delivery of services, and otherwise promoting efficient and timely provision of services to Talcott. Such cooperation shall include (i) providing reasonable physical and electronic access to any facilities used by Provider to provide the Services and the data, books and records in the possession of Provider regarding the Services and/or the business of Talcott ; (ii) use of any hardware used by Provider to perform the Services; (iii) use of any of the Provider Software (other than any Provider Licensed Software where the underlying license agreement does not authorize such access, and consent permitting such access and use has not been obtained after Provider's exercise of reasonable efforts to obtain such consent); (iv) providing access to, use of and such information regarding the operating environment, system constraints, and other operating parameters as is reasonably necessary for the work product of the third party contractors of Talcott Group to be compatible with the Services; and (v) such other reasonable cooperation as may be requested by Talcott. In the event the foregoing cooperation requires Provider to disclose its Confidential Information, such disclosure will be subject to the third-party contractors' agreement to execute a confidentiality agreement substantially in the form set forth in **<u>Exhibit 8</u>**.

**1.7Sale or Transfer of Talcott Business Units or Affiliates**

If at any time during any SOW Term, Talcott sells, divests or otherwise transfers ownership of a department, business unit or an Affiliate (a ***"Transferred Entity"***), Provider shall continue to provide the Services to any Transferred Entity if requested by Talcott, on the terms and conditions set forth in this Agreement and the applicable SOW and SOW for the period requested by Talcott, which period shall not exceed eighteen (18) months after the completion of such sale, divestiture or transfer, provided that Talcott, at its discretion, elects to continue to be responsible as the customer for such Services, or such Transferred Entity enters into an agreement directly with Provider for the continued performance of the Services. Provider shall cooperate with Talcott, such Transferred Entity and any new service provider to ensure the timely transition of the Services so that any interruptions to the Services are, by mutual agreement, planned, minimal and controlled

**1.8Dedicated Environment, Provider-Supplied Equipment**

Unless otherwise stated in an SOW, Services provided from the Provider Facilities specified in an SOW shall be provided using shared Equipment and Software, provided, however, that Talcott Data stored in tangible form will be physically segregated from other tangible forms of information and Talcott Data stored electronically will be logically segregated from other information of Provider or Provider's other customers. Access to Provider Equipment and Software by Provider Personnel shall be limited to those Provider Personnel who have a need to access such Equipment and Software.

Except as may be otherwise set forth in an SOW, Provider shall be solely responsible for purchasing, installing and maintaining all Equipment, Software and related resources used to provide the Services, including without limitation for Provider's remote connectivity to Talcott systems and site(s). In the event Equipment, Software and related resources are provided to Provider by Talcott, such Equipment, Software and related resources shall be utilized by Provider only for the purposes of Provider fulfilling its obligations to Talcott under this Agreement and the applicable Work Order. Provider, its subcontractors, Provider Personnel and its and their employees and agents shall keep Talcott Equipment,

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Software and related resources in good order, not commit or permit waste or damage to such items (reasonable wear and tear excepted), nor use such items for any unlawful purpose or act. Provider shall not make any improvements or changes involving structural, mechanical, electrical or other alterations to Talcott Equipment, Talcott Software or related resources without Talcott prior written approval except if such actions are contemplated under an SOW and are reasonably necessary to perform such Services. When Talcott Equipment, Talcott Software or related resources are no longer required for performance of the Services, or at Talcott written request, Provider shall return same to Talcott in substantially the same condition as when Provider began use thereof subject to reasonable wear and tear, if applicable.

**1.9Correction of Errors**

Provider shall promptly correct any errors or inaccuracies that are reported by Talcott or that otherwise become known to Provider, in Talcott Data and Reports that Provider processes, maintains or has access to as part of the Services. If the error or inaccuracy was caused by Provider or its Affiliate or subcontractor, such corrections shall be provided at no charge to Talcott so long as Provider continues to provide such Services or maintain or have access to such Talcott Data and Reports. Except to the extent expressly set forth otherwise in a Work Order, Provider shall be responsible for any Losses, third-party claims, interest or penalties incurred by Talcott and Talcott Affiliates as a direct result of such errors or inaccuracies. If the error or inaccuracy was not caused by Provider or its Affiliate or subcontractor, but such error or inaccuracy can be corrected utilizing Provider's existing resource level for the Services or otherwise without impacting the schedule for other Services, such corrections shall be provided at no additional charge to Talcott. Otherwise, any Charges for such corrections shall be in accordance with the applicable SOW or, if not addressed in the applicable Work Order, at Talcott Rate. Corrections and reruns shall be reported in daily, weekly and monthly reports defined by Talcott and produced by Provider, except as otherwise set forth in the applicable SOW.

**1.10Subcontracting** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Provider shall not delegate or subcontract any of its obligations under this Agreement or any SOW to any Affiliate or other third party, without Talcott prior written consent in each instance. Prior to providing any services, all subcontractors shall be required to (i) execute Talcott Non-Disclosure Agreement, at least as stringent as the form of **<u>Exhibit 4</u>** hereto, to protect the confidentiality of Talcott Confidential Information; (ii) ensure that all of their Provider Personnel sign a Personnel Confidentiality Agreement in accordance with Section 10.2 hereof; and (iii) agree to be bound by and comply with this Section 3.10.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Talcott may revoke approval of a subcontractor previously approved, if (i) a subcontractor is acquired by or otherwise becomes affiliated with a competitor of Talcott; (ii) the subcontractor's performance has been materially deficient; (iii) good faith doubt exists concerning the subcontractor's ability to render future performance; (iv) there have been material misrepresentations by or concerning the subcontractor; or (v) Talcott determines, in its sole discretion, that any such subcontractor poses a threat or harm to Talcott or any of Talcott's employees. Upon such revocation or objection, Provider shall remove such subcontractor from performing the Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Provider shall remain fully responsible for the performance of Services by each approved subcontractor, for each subcontractor's compliance with Provider's obligations and the terms of this Agreement, and for the acts and omissions of subcontractor and subcontractor's employees or agents assigned to perform Services hereunder. Provider shall be responsible for all payments to its subcontractors. For purposes of determining Provider's liability and/or its obligations with respect to the performance of the Services, any time the term ***"Provider"*** is used in this Agreement it includes all subcontractors and Affiliates performing any part of this Agreement on behalf of Provider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)In addition to Provider's obligations set forth in Section 9.2, Provider shall have a written and binding agreement with each such subcontractor that contains such provisions as are sufficient to enable Provider to comply with the provisions of this Agreement. Except as otherwise agreed, such provisions shall include the subcontractor's obligation to assign any Intellectual Property Rights arising out of such subcontractor's provision of the Services, to the extent that such rights are to be assigned to or owned by Talcott pursuant to the terms of this Agreement, and expressly accomplish the purposes set forth in Section 5.1; Section 5.2; Section 5.7; ARTICLE 9; Section 10.2; ARTICLE 11; Section 16.2(g); ARTICLE 17 and ARTICLE 20 hereof. Nothing contained in such subcontract, or under this Agreement, shall create any contractual relationship between the subcontractor and Talcott.

**1.11Location for Provision of Services**

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Provider shall provide the Services at or from the Locations specified in each Work Order. Provider shall not Process Talcott Data from any country that does not include a Location agreed and specified in an SOW. The Parties shall use the Change Control Procedure to add, change or delete Locations and to move Services and Processing from one Location to another Location. Except pursuant to Provider's business continuity and disaster recovery plans as described in Section 3.3 hereof, Provider shall not relocate the provision of Services to another Location, add Services to a new Location, or move Services from one Location to another Location (each a ***"Location Change"***) without Talcott's prior written consent in each instance. Location Changes include the movement of Services or Processing from one building or facility to any other building or facility, even if located in the same city, country or region.

Any request for approval of a Location Change by Provider shall designate the Services, Processing and Provider Personnel involved and the Location of the proposed Provider Facility for performance of such Services.

Provider shall remain responsible for compliance with all of its obligations under this Agreement with respect to the relocated Services and shall ensure that any Location Change does not adversely affect any member of Talcott. Any such Location Change, other than at Talcott request, shall be at Provider's sole expense, and Talcott shall not be responsible for any such expenses incurred, including increased operational costs of Talcott. In no event shall Talcott be responsible for increases in Charges based upon any such Location Change.

Provider shall be responsible for complying with all Provider Laws with respect to its relocation effort and the provision of Services from the Location to which such Services are relocated. Notwithstanding the foregoing, all Services provided hereunder shall be performed in the United States unless specifically stated otherwise in an SOW, which SOW shall specify the exact location(s) (including complete postal address) from which Provider is authorized to perform the designated Services under such SOW.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Talcott may, at Provider's expense, require a Location Change upon: (a) the occurrence or threat of one or more acts of terrorism in any region or country in which a Location is located that, in the reasonable discretion of Talcott, is likely to affect the Services; (b) the declaration or initiation of war (digital or physical) or acts related to war (digital or physical) or the threat thereof, in or related to any region or country in which a Location is located, that in the reasonable discretion of Talcott, is likely to affect the Services; (c) the enactment of any Law that is likely to materially impact the Services performed from that Location; (d) the occurrence of any labor unrest, strikes, protests or other labor issues that is likely to materially affect the Location or that, in the reasonable discretion of Talcott, is likely to affect the Services; (e) any earthquake, hurricane, volcano, tsunami, flood, fire, or other weather or acts of God, or any Force Majeure Event, affecting the Location, regardless of whether the Provider's Facilities are directly affected, that is reasonably likely to, in the reasonable judgment of Talcott, materially affect the continuity or performance of Services; (f) the occurrence of political issues between the United States and the country or region in which a Location is located that, in the reasonable discretion of Talcott, is likely to materially affect the Services; or (g) any other material adverse change affecting or that is reasonably likely to affect the Services.

**1.12International Considerations**

If Provider elects to provide Services from outside of the United States, without limitation of Section 3.11 above, Provider shall be responsible for compliance with all Laws applicable at the location from which Services will be provided and shall be responsible for compliance with the export laws and import laws of the location from which Services will be performed, the foregoing shall be included within the definition of Provider Laws. Each Party agrees to notify the other party of any technology, technical data, information and materials it will be providing as a result of this Agreement that is subject to control under applicable United States export regulations under any classification other than EAR99. In the event of any such classification, the Party disclosing such information, will (a) identify to the receiving Party the applicable regulations (e.g. EAR or ITAR) and classifications (e.g. ECCN) and (b) follow such guidelines as the receiving Party may communicate to the Party disclosing such information that reasonably are required to avoid violations of United States export regulations. Provider shall demonstrate to Talcott, as part of its request for approval of relocation of Services to a location outside of the United States, the safeguards established by Provider to ensure that Talcott will not be adversely affected by such relocation, including representations regarding availability and competency of Provider Personnel at such location, that Talcott Intellectual Property Rights will not be jeopardized and can be protected under local Laws, and that Provider has otherwise complied with Section 3.11 and this Section 3.12.

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**1.13Changes in Circumstances**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Definition</u>. As used in this Agreement (and unless defined otherwise in an SOW), a ***"Changed Circumstance"*** means a circumstance in which an event or discrete set of events has occurred or is planned with respect to the business of Talcott that results or will result in a change in the scope, nature or volume of the Services that will be required from Provider, and which is expected to cause the average monthly amount of chargeable resource usage in (i) any SOW to increase or decrease by twenty five percent (25%) or more for the foreseeable future; or (ii) all SOWs to increase or decrease in the aggregate by twenty percent (20%) or more for the foreseeable future. Examples of the kinds of events that might cause such substantial changes are:

&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)Additions, deletions or other changes to locations where the Services operate;

&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)Additions, deletions or other changes to the services provided by Talcott, Talcott products or the markets served by Talcott;

&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)Additions or deletions of any entity, Affiliate, division or other operating unit to which any Services are provided;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)Mergers, acquisitions, divestitures or joint ventures of Talcott;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)Changes in the method of service delivery, or changes in operational priorities; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)Changes in Talcott market priorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Adjustments</u>. Either Party may notify the other of any event or discrete set of events that it believes constitutes a Changed Circumstance. In the case of a Changed Circumstance, Provider's Charges shall be adjusted in accordance with the following (or in accordance with the applicable adjustment process set forth in the applicable SOW):

&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)Provider and Talcott will mutually determine on a reasonable basis those resources no longer required by Provider to provide the Services (***"Targeted Resource Reductions"***) and the costs (including appropriate indirect and overhead costs) that can be eliminated or reduced as and when the Targeted Resource Reductions are eliminated (the ***"Targeted Cost Reductions"***).

&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)Provider and Talcott will mutually determine on a reasonable basis those new or modified resources now required by Provider to provide the Services (***"Targeted Resource Additions"***) and the costs (including appropriate indirect and overhead costs) that would be incurred as and when the Targeted Resource Additions are placed in service (the ***"Targeted Cost Increases"***).

&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)Promptly upon determination of the Targeted Resource Reductions, Provider will proceed to eliminate the Targeted Resource Reductions as quickly as feasible. Promptly upon determination of the Targeted Resource Additions, Provider will proceed to deploy the Targeted Resource Additions as necessary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)As the Targeted Resource Reductions are eliminated, the Charges payable will be reduced by the full amount of the Targeted Cost Reductions applicable to the Targeted Resource Reductions, and the Charges will be equitably adjusted. As the Targeted Resource Additions are placed into service, the Charges payable will be increased by the full amount of the Targeted Cost Increases applicable to the Targeted Resource Additions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Disputes</u>. If within sixty (60) days following notice under this Agreement, the Parties have not agreed upon an appropriate adjustment to Charges, then at the initiative of either Party the issue will be treated as a Dispute under ARTICLE 20 of this Agreement.

**1.14Continuous Improvement**

Provider shall diligently and continuously improve the performance and delivery of the Services by Provider and the elements of the policies, processes, procedures and systems that are used by Provider to perform and deliver the Services, including re-engineering, tuning, optimizing, balancing and reconfiguring the processes, procedures and systems used to perform, deliver, track and report on, the

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Services, subject to the approval of Talcott in accordance with the Change Control Procedures. Unless otherwise contemplated in an SOW, from time to time, but no less than annually, Talcott may request that Provider work together with Talcott and/or third parties to identify ways to achieve reductions in the cost of, and greater efficiencies with, delivering the Services and corresponding reductions in the Charges and provide a report to Talcott regarding the same. If so requested, Provider will, at its own expense, promptly prepare and deliver to Talcott, within sixty (60) days, a detailed proposal identifying all viable means of achieving the desired reductions without, to the extent practically possible, adversely impacting business objectives or requirements identified by Talcott. Talcott will not be obligated to accept or implement any such proposal.

**1.15Technology; Best Practices**

Provider will: (i) provide the Services using technology at a level current with the technology that Provider implements for its general internal operations and at least comparable to the level of technology generally adopted from time to time in the industry(ies) of Talcott and its Affiliates for provision of similar services; (ii) keep knowledgeable about changes and advancements over time in the technology necessary to provide the Services; and (iii) in performing the Services, utilize processes, procedures and practices that are consistent with the best practices it utilizes in performing services similar to the Services for its other customers, which practices will, at a minimum, be consistent with the best practices of similarly situated providers offering similar services within the industry(ies) of Talcott and its Affiliates.

**ARTICLE 4 -SERVICE LEVELS**

Talcott and Provider will agree on the Service Levels that shall be included (i) in each SOW, for Service Levels that apply across Works Orders under the SOW, and (ii) in individual Work Orders, for the Services provided under the applicable Work Order. Additional Service Levels may be included in particular SOWs as agreed to by the Parties. With respect to each Service that has an associated Service Level, Provider shall provide such Service throughout the applicable SOW Term, or such other period as may be set forth in the applicable SOW, in a manner that meets or exceeds the associated Service Level. The methodology for measuring the Service Levels will be set forth in the SOW.

**1.1Review of Service Levels**

If requested by Talcott, within six (6) months of each Service Commencement Date and every six (6) months thereafter, the Parties shall jointly review the Service Levels and mutually adjust them to reflect any improved performance capabilities including those associated with advances in the technology and methods used to perform the Services. The Parties acknowledge that they generally expect the Service Levels to improve continuously. Provider shall identify Best Commercial Practices of improving performance against the Service Levels and identify proven techniques and tools from other installations within its operations that would benefit Talcott either operationally or financially.

**1.2Measurement and Monitoring Tools; Reporting**

As part of the Services and at no additional cost to Talcott, Provider shall implement any measurement and monitoring tools and procedures necessary to measure its performance of the Services against the Service Levels, including those measurement and monitoring tools specified in any SOW. Such measurement and monitoring shall permit reporting at a level of detail sufficient to verify compliance with the Service Levels. Subject to the provisions of ARTICLE 12 of this Agreement, Provider shall provide Talcott or its auditors with all information, documentation and access to the measurement and monitoring tools necessary to verify compliance by Provider with the Service Levels. At least monthly, Service Reports will be provided to Talcott in compliance with the provisions of the Service Level Methodology Schedule to the applicable SOW.

**1.3Failure to Meet Service Levels**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Failure to Meet Service Level; Talcott Remedies</u>. Subject to Section 4.3(c) (Excusable Failures), if Provider fails to meet or exceed a Service Level, Talcott shall have the option, but not the obligation, to recover the applicable amount of Service Credits specified in the applicable SOW. Provider shall deduct the Service Credits from the next succeeding invoice or other amounts due to Provider, or in the event that this Agreement or applicable SOW is terminated for any reason, Provider shall pay Talcott the undisputed Service Credits within thirty (30) days of the effective date of termination. The Service Credits represent credits for the reduced value of the Services, are not liquidated damages

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or penalties, and shall not limit or diminish any of the remedies granted to Talcott hereunder. Regardless of whether Talcott exercises its option to recover Service Credits with respect to any failure, Talcott shall also have any remedies available to Talcott under this Agreement, any SOW or any Work Order, at law or in equity, including the right to terminate this Agreement or any SOW for cause in accordance with the provisions of Section 19.1 of this Agreement, provided, however, that the amount of any damages recovered by Talcott as a pursuant to a separate claim or cause of action for any Provider failure to meet a Service Level shall be reduced by the amount of any Service Credits actually received by Talcott. Each time Provider fails to meet a Service Level, Provider shall: (i) promptly, but in any event within two (2) business days, investigate the root cause(s) of the failure and deliver to Talcott a written report identifying such root cause(s) in the form requested by Talcott or as specified in the applicable SOW ; (ii) use all Best Commercial Practices to correct the problem and to begin meeting such Service Level as soon as practicable; (iii) take appropriate preventive measures so that the failure does not recur; and (iv) at Talcott request, advise Talcott of the status of such corrective efforts. All Service Levels and applicable Service Credits remain in effect notwithstanding Provider's use of Best Commercial Practices to correct any performance problem. As mutually agreed by the Parties, it is anticipated that SOWs will contain a limitation on amounts of Service Credits for particular Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Service Credit Multipliers</u>. The following table describes the Service Credit **"multipliers"** to be applied in the event that Provider fails to meet one or more Service Levels during consecutive months or over a rolling twelve-month period as specified in the table below. If an SOW establishes additional or alternative Service Credit multipliers, the Service Credit multipliers set forth in the SOW shall govern.

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|:---|:---|
| **Frequency of Failure** | **Multiplier** |
| One (1) failure, not preceded by a Service Level failure in previous measurement period | 1.0 x the Service Credit |
| Failure to meet the same Service Level in two (2) consecutive measurement periods | 1.5 x the Service Credit |
| Failure to meet the same Service Level in three (3) consecutive measurement periods | 3.0 x Service Credit |
| Failure to meet the same Service Level in four (4) measurement periods over rolling twelve (12) months | 3.0 x the Service Credit |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Excusable Failures</u>. Provider's nonperformance of its obligations (including compliance with Service Levels) under this Agreement will be excused if, and only to the extent, (i) such failure is the direct result of a failure by Talcott to perform any Talcott-designated obligations set forth in the responsibility matrix included in each SOW as part of the Services description, or failure or unavailability of any of Talcott Equipment, Talcott Owned Software or other resources (including third party contractors providing services to Talcott for which Talcott is responsible) for which (with respect to the foregoing) Talcott is operationally and administratively responsible pursuant to Section 3.5 or Section 9.1, and (ii) Provider gives Talcott as much advance written notice as is reasonable under the circumstances identifying in reasonable detail such failure or unavailability for which Talcott is responsible, and the effect upon Provider's ability to perform, and, subject to Talcott pre-approval of any additional out-of-pocket expenses, uses Best Commercial Practices to perform notwithstanding such failure or unavailability (with Talcott reimbursing Provider for any such additional out-of-pocket expenses for such efforts that are pre-approved by Talcott or subject to Change Control Procedures).

**1.4Performance Standards; Failure and Correction**

With respect to any Service or obligation that does not have an associated Service Level, Provider shall perform such Service or obligation with a level of accuracy, quality, completeness, timeliness, responsiveness and cost efficiency consistent with Best Commercial Practices (***"Performance Standards"***). Talcott shall notify Provider promptly if Talcott believes that Provider has failed to meet

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applicable Performance Standards, and the Provider, with input from Talcott, shall promptly investigate and identify the root cause, and use Best Commercial Practices to remediate any Performance Standards issues as soon as practicable, but in any event within fifteen (15) days of such failure and take appropriate preventive measures so that the failure does not recur. Provider shall regularly advise Talcott of the status of the corrective efforts.

**1.5Acceptance Testing**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Delivery and User Acceptance Testing</u>. Upon Provider's determination that a Deliverable or Services materially conform to all specifications and requirements set forth in the applicable SOW, SOW and any other requirements agreed to in writing by the Parties (collectively, the ***"Specifications"***), Provider shall deliver such Deliverable to Talcott for acceptance testing or notify Talcott in writing that such Services have been completed. The timeframes specified in the applicable Procedures Manual, SOW shall apply to the acceptance testing and correction obligations of the Parties described in this Section 4.5, or if not so specified, the timeframes specified below. Upon such delivery or notice, Talcott shall timely review and test the Deliverable or the results of the Services for compliance with the Specifications. Talcott may perform such acceptance testing, and any additional testing (including without limitation performance and integration testing) as may be set forth in the applicable Procedures Manual, SOW (the ***"Additional Tests"***), within such time frames as may be set forth therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Failure and Correction</u>. In the event that the Deliverable or Services conform to all Specifications and pass the Additional Tests (if any), Talcott will accept such Deliverable or Services in writing; provided, however, that in the event that Talcott accepts a Deliverable or Service that materially, but not fully, conforms to the Specifications, Provider shall, within thirty (30) days of such acceptance, correct such Deliverable or Service to bring it within full conformance of the Specifications. Except as set forth in this Section 4.5(b), no Deliverable or Services will be deemed accepted by Talcott unless Talcott notifies Provider of such acceptance in writing. Should Talcott determine that any Deliverable or Service fails to materially conform to all Specifications or pass the Additional Tests (a **"*Failure*"**), it shall notify Provider of such Failure on a timely basis, and Provider shall, at no cost to Talcott, correct and redeliver such Deliverable to Talcott or re-perform such Services within a commercially reasonable period of time (in either case, the ***"Correction Period"***). If Provider has not received notice from Talcott within a reasonable period of time specifying either Talcott acceptance of the Deliverable or Services or Failures related to such Deliverable or Services, then Provider shall notify Talcott that it has not received such written notice from Talcott. Upon receipt of such notice, Talcott shall on a timely basis either accept such Deliverable or Services in writing or notify Provider of a Failure. Provider shall, at no cost to Talcott, correct and redeliver such Deliverable to Talcott or re-perform such Services within the applicable Correction Period. If Talcott does not accept any final Deliverable or Services or provide notice of a Failure within ten (10) business days (or such alternate time period set forth in the applicable SOW) following delivery of such Deliverable or Services to Talcott, then (a) Provider will give the applicable Talcott SOW Manager and the CIO of the applicable Designated Talcott Business Group a first written notice, by e-mail with a confirmation copy by overnight courier, of Talcott failure to provide notice of acceptance or non-acceptance, (b) in the event that Provider has not received written notice of acceptance or non-acceptance of the applicable Deliverable or Services within five (5) business days after Talcott receipt of such notice, Provider will give Talcott Vice President Enterprise Sourcing Office and Vice President Transformation Office a second written notice, by e-mail with a confirmation copy by overnight courier, of Talcott failure to provide notice of acceptance or non-acceptance, and (c) in the event that Provider has not received written notice of acceptance or non-acceptance of the applicable Deliverable or Services within five (5) business days after Talcott receipt of such second written notice, Talcott will be deemed to have accepted the applicable Deliverable or Services. If Provider receives a Failure notice, but is unable to correct and redeliver such Deliverable or re-perform such Services within the applicable Correction Period, it shall notify Talcott of such in writing and include in such notice a good faith estimate of the number of business days required for Provider to correct and redeliver such Deliverable or re-perform such Service. Provider shall correct and redeliver such Deliverable or re-perform such Service within such time period. The corrected Deliverable or Service shall thereafter be subject to the same testing and acceptance procedure set forth in this Section 4.5(b). Should a Deliverable or any fixed-fee or milestone-based Service (that is not otherwise subject to a then-effective Service Level(s)) fail to pass the testing and acceptance procedures set forth in this Section 4.5(b) due to non-conformance to any Specifications within sixty (60) days of the initial delivery of such Deliverable or completion of performance of such fixed-fee or milestone-based Service, or such other time period as may be expressly set forth in the applicable SOW , Talcott may resubmit the Deliverable or Service for further correction according to the foregoing procedure, or in addition to Talcott other remedies under this Agreement, at law or in equity, may terminate the applicable SOW or part thereof as a termination for material breach under Section 19.1(a) and without a right to further cure, upon which (A) Talcott shall return the relevant Deliverable to Provider or cease using such fixed-fee or milestone-based Service;

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and (B) Provider shall refund Talcott for the amounts paid by Talcott for such rejected Deliverable or such fixed-fee or milestone-based Service.

**1.6Timely Performance**

Provider agrees that with respect to performance of the Services, performance will be conducted in a timely manner to meet the performance requirements in the applicable SOWs and Work Orders.

**ARTICLE 5- MONITORING AND COMPLIANCE WITH LAWS**

**1.1Monitoring and Compliance**

With respect to Services provided under this Agreement, Provider will be responsible for: (i) monitoring, interpreting, and determining the requirements for compliance with, and complying with, all Laws that relate to delivery of the Services, or Provider's business or operations (collectively with the offshore laws identified in Section 3.12, ***"Provider Laws"***), and (ii) monitoring, interpreting and recommending requirements for compliance with all Laws applicable to the portion of the operations of Talcott performed by Provider as part of the Services, just as if the members of Talcott performed the Services themselves ***("Talcott Laws"***), and complying with as interpreted, augmented and/or modified by the Compliance Directives. Provider will also be responsible for complying with Laws as specified or required in an SOW, SOW or Change Order. Without limiting Provider's obligations herein, Talcott shall be responsible for monitoring Laws and complying with all Laws relating to its receipt of the Services. Provider shall cooperate with and assist Talcott, at no additional charge, in complying with all such Laws, including without limitation export laws and import laws of the United States and other countries, as applicable to Talcott in connection with its receipt of the Services, including by: (i) using Best Commercial Practice to identify Provider Laws and determine their applicability to Talcott and (ii) advising and assisting Talcott in preparation of necessary documentation and related procedural matters. Upon Talcott request, Provider shall certify to Talcott, within thirty (30) days of said request, that as an employer of its employees assigned to provide Services hereunder, Provider has complied with all Laws applicable to an employer, including appropriate withholding of taxes and filings and payments for all insurance including employment taxes, workers' compensation, work authorization papers, disability and unemployment insurance for Provider and Provider Personnel. Subject to and in accordance with the process outlined in Section 5.2, Talcott will be responsible for determining the requirements for compliance with Talcott Laws and will instruct Provider in writing as to compliance with any such Laws and changes in Provider's policies and procedures relating to such compliance (a ***"Compliance Directive"***). Provider shall promptly implement and comply with each Compliance Directive in the performance and delivery of the Services. Provider shall notify Talcott in writing in the event Provider reasonably believes that a Talcott Compliance Directive would result in Provider or Talcott being in violation of local Laws, in which event the Parties shall follow the informal Dispute resolution procedures in Section 20.2 to promptly address and resolve such concern, with the timeframes for such Dispute resolution shortened as necessary to meet any applicable compliance deadlines.

**1.2Changes in Laws**.

During the Term of this Agreement, Provider will provide Talcott with prompt notice of any changes in Laws applicable to the delivery or receipt of the Services, including Talcott Laws. Provider will work with Talcott to determine how any changes in such Laws will impact the methods by which Provider delivers, and Talcott receives and uses, the Services, including through presenting generally available technological options to address the change. Without limiting Provider's obligations under this Section 5.2, Provider specifically agrees to take such action as Talcott deems necessary to implement the applicable standards and requirements of HIPAA and the HITECH Act (as more particularly set forth in Section 5.3 below), GLBA, Insurance Regulations and/or any Privacy Law or Law regarding the exchange of health information by electronic means. Provider shall use Best Commercial Practices to provide all Deliverables necessary for implementing such changes at least ninety (90) days prior to the effective date of such changes so that Talcott may test such changes prior to the effective date of the changes. Provider agrees to promptly amend its agreements with its permitted subcontractors and agents as necessary to comply with the terms of this provision.

**1.3HIPAA Conformance** 

Without limiting Provider's obligations in Section 5.2 above, the Services shall at all times conform to and comply with the applicable provisions of HIPAA and the HITECH Act, and the regulations issued thereunder, including such regulations applicable to the Standards for Electronic Code Sets and

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Electronic Transactions, the Standards for Privacy of Individually Identifiable Health Information, the Security Standards, and the Security and Electronic Signature Standards, set forth, in part, at 45 C.F.R. Parts 142, 160, 162 and 164, all as amended from time to time (including all applicable requirements necessary to be considered compliant with the Federal HIPAA Privacy Rule (12 C.F.R. Part 164, Subparts A and C), the HIPAA Breach Notification Rule (12 CFR Part 164, Subpart D) and HIPAA Security Rule (12 CFR Part 164, Subpart E))(the ***"HIPAA Regulations"***). The HIPAA Regulations shall include, and Provider shall comply with, any and all guidance issued by the United States Department of Health and Human Services or any other applicable governmental agency or authority with respect to the HIPAA Regulations as they relate to the Services. If new or additional regulations are issued under HIPAA or the HITECH Act, or if guidance with respect to the HIPAA Regulations is issued during the Term of this Agreement, Provider shall conform the Services and its performance hereunder to such new or additional regulations and/or guidance in accordance with Section 5.2 above.

**1.4PCI-DSS Compliance** 

Provider hereby acknowledges its responsibility for the protection and security of any cardholder data and other Talcott Data in connection with the performance of the Services under an SOW or SOW involving access to or Processing of cardholder data. Provider shall comply with all applicable requirements necessary for the Services to be at all times compliant with PCI-DSS as applicable, and at such frequency determined by Talcott, its payment processor, or the payment card brands, shall perform the necessary steps to validate its compliance with the PCI-DSS for the applicable Services. Upon request by Talcott, Provider shall deliver to Talcott a copy of its most recent validation of PCI-DSS compliance, and all supporting documentation (including any exceptions noted therein). Provider will immediately notify Talcott if it learns that it is no longer PCI-DSS compliant, or reasonably anticipates that it is or will be non-compliant and will promptly provide Talcott the steps being taken to remediate such non-compliance. Provider shall be solely responsible for all costs incurred to be and remain compliant with PCI-DSS and to facilitate Talcott compliance with PCI-DSS.

**1.5Software and Systems; Implementation of Changes in Laws**

Provider will maintain the Software, Equipment, facilities and other systems, networks and environments for which Provider has responsibility under an SOW ***("Systems"***) in accordance with applicable Provider Laws and the Compliance Directives. If either Party believes that any modifications to such Systems are required under any Laws or a regulatory authority, that Party will promptly inform the other. Provider will, without limitation of its other obligations under this ARTICLE 5, make available to Talcott free of charge those regulatory compliance bulletins and other such information that Provider makes generally available to other clients. Provider will use diligent efforts to perform any modifications to the Systems or recommend changes to operating procedures of Talcott to ensure compliance with this Section 5.5. Provider commits that it will review all corrective action recommendations by any regulatory authority provided by Talcott and will take the appropriate or necessary corrective action. Provider shall bear all costs incurred to implement changes in the Services that are (x) necessitated by Provider Laws or (y) necessitated by changes in Talcott Laws or Compliance Directives, where such changes in Talcott Laws or Compliance Directives are applicable to any of Provider's other customers receiving services which are the same as or similar to the Services or relevant components or modules of the Services, but the Parties shall use the Change Control Procedures to document such changes. With respect to changes in the Services necessitated by changes in Talcott Laws or Compliance Directives that are that are unique to Talcott and require sustained and substantive changes in the Services of Provider or increases in the resources required of Provider to perform the Services, the Charges may be adjusted by Provider to reflect such changes upon agreement by Talcott. In a quote submitted to Talcott for review and acceptance, Provider shall identify such changes and propose a method of integrating such changes pursuant to the Change Control Procedures. Such changes and adjustments shall: (i) be integrated in a cost-effective manner and without unnecessary disruption of Talcott ongoing operations (as modified by such changes); (ii) equitably account for any efficiencies, economies or reduced or increased resource requirements resulting from any changes in the Services or Service Levels resulting from such changes; and (iii) include modified Charges that have been determined on the rates agreed in the applicable SOW and where no such rates are agreed, on a commercially reasonable basis consistent with the other Charges. If such changes and adjustments represent a material increase in the Charges for such Services or a reduction in the quality or scope of the Services, then Customer shall have the right to terminate the affected SOW or the relevant portion thereof.

**1.6Workaround**

If any change in Law prevents or delays Provider from performing its obligations under this Agreement, the Parties will develop and implement a suitable workaround, subject to the Change Control

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Procedures and taking into consideration the respective obligations of the Parties under this ARTICLE 5, until such time as Provider can perform its obligations under this Agreement without such workaround.

**1.7Compliance with Talcott Policies**

Provider shall comply with Talcott written rules, regulations, policies and procedures applicable to Provider's delivery of the Services in effect as of the Effective Date, including Talcott security procedures, information management technical architecture, security and product standards, immigration/visa policies, procurement policies, and code of conduct and privacy policies provided or made available to Provider in advance (the ***"Policies & Procedures"****)*. Provider will advise all Provider Personnel involved in the performance of Services of their obligation to comply with the Policies & Procedures. For avoidance of doubt, the Policies & Procedures shall include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)In the event that any Provider Personnel terminates his/her relationship with Provider or Provider subcontractor (as the case may be), Provider shall immediately (but in any event no later than one (1) business day after its receipt of such knowledge) inform Talcott and immediately repossess any identification badge issued to such terminating individual by Talcott and return such identification badge to Talcott.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Provider agrees that Provider and all Provider Personnel will at all times comply with all regulations regarding security, assigned parking, usage of Talcott Equipment, facilities and personnel and safety generally applicable to Talcott employees and invitees in effect from time to time. Further, Provider agrees that it and all Provider Personnel will be subject to reasonable restrictions imposed by Talcott in connection with areas of Talcott Facilities at which Provider Personnel may be present during the course of the performance of this Agreement or any Work Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Provider and Provider Personnel may be provided access to Talcott computer or electronic systems (***"System Access"***). System Access applies to all types of computer or electronic systems (or any substitute therefore) including any third-party computer or electronic systems, e-mail, intranet, internet, extranet and telephone voicemail to which Provider and Provider Personnel may be given access. Provider shall be responsible for all Provider Personnel actions relating to such System Access including use of any logon IDs, passwords or other authentication methods provided to Provider and Provider Personnel. Provider and Provider Personnel shall comply with Talcott Policy on Electronic Communications, Information Protection Policy and any procedures related thereto, all as may be amended from time to time. All Provider and Provider Personnel connectivity or attempted connectivity to Talcott computing systems shall be only through Talcott security gateways and/or Talcott firewalls. Provider and Provider Personnel shall not access and shall not permit unauthorized persons or entities to access, Talcott computing systems without Talcott express written authorization and any such actual or attempted access must be consistent with any such Talcott authorization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Provider further specifically agrees that it and all Provider Personnel will comply with Talcott Code of Ethics and Business Conduct to the extent that such code applies to vendors and business relationships.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Provider shall comply with Talcott minority participation plans as Talcott may have in effect to the extent that the same have been made available to Provider and mutually agreed upon by the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Talcott may notify Provider in writing from time to time in advance of changes, updates, modifications or amendments to the Policies & Procedures and Provider shall comply with such updated Policies & Procedures; provided, however, if such requirements are provided to Provider after execution of an SOW and Provider can demonstrate that compliance with such requirements would (i) cause a material adverse effect on Provider's continued ability to provide the applicable Services at the then current resource levels, (ii) result in a direct and actual cost increase to Provider or otherwise materially affect Provider's ability to perform as required under the Agreement and/or the applicable SOW ; or (iii) not be permitted under applicable local laws, the Parties will address compliance with such requirements through a Change Order.

**ARTICLE 6 - TRANSFERS OF EQUIPMENT, FACILITIES AND THIRD-PARTY CONTRACTS**

**1.1Transfers of Equipment, Facilities and Third-Party Contracts**

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Certain SOWs may require the transfer or management of Equipment (***"Transferred Equipment"***), facilities or Third-Party Contracts to the Provider. All such transfers or management responsibilities will be identified in the particular SOW, and the SOW shall contain additional terms and conditions with respect to such assets.

**ARTICLE 7 - PERSONNEL**

**1.1Offers and Terms of Employment**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Status of Provider Employees</u>. Provider or its respective subcontractors shall be the employer in law and in fact of all persons assigned to perform the Services at all times, including without limitation, the Transitioned Employees, and Provider shall be solely responsible for directing and supervising such persons. Provider shall have sole responsibility for all worker's compensation insurance, salaries, wages, withholding and paying of employment taxes and benefits of all such persons. Provider shall use Best Commercial Practices to protect Talcott from co-employment status including: (i) establishing, maintaining and ensuring Provider's employer status with all of its employees through proactive measures; (ii) incorporating similar protective co-employment provisions into subcontracting agreements; (iii) monitoring all hours worked by persons performing the Services so as to avoid any potential finding of liability against Talcott pursuant to Section 414(n) of the Internal Revenue Code of the United States or otherwise; and (iv) taking any and all other steps necessary or prudent to ensure compliance with any other Laws regarding co-employment in any location, jurisdiction or territory so as to protect Talcott from being found to be a co-employer of any person performing the Services. Provider shall inform its employees, including Transitioned Employees, that they are not entitled to the provision of any Talcott employee benefits. In the event that any Provider employee performing Services hereunder is found to be not an employee of Provider for any purpose, including federal tax purposes, Provider shall, at its sole cost and expense, promptly take appropriate corrective action or remove said employee from performing services hereunder and, if requested by Talcott, provide a qualified replacement.

**1.2Key Transitioned Employees**

An SOW may designate certain Transitioned Employees who are critical to providing the Services (the ***"Key Transitioned Employees"***). Unless consented to by Talcott in a prior writing, Provider shall not, except for reasons of death, disability, failure to perform, request by Talcott, relocation for family considerations, or resignation or termination from employment by Provider, for the period set forth next to such Key Transitioned Employee's name in such SOW , either: (i) terminate the employment of such Key Transitioned Employee except for cause; or (ii) transfer such Key Transitioned Employee from Talcott account within twenty four (24) months following the transfer to Provider. In the event Provider replaces a Key Transitioned Employee, Provider will promptly provide a replacement reasonably acceptable to Talcott, at Provider's sole cost and expense. Further, in no event shall Provider (unless Talcott consents in writing) transfer or assign any Key Transitioned Employee dedicated to Talcott account to: (i) in the case of BPO Services, provide BPO services for a Talcott Competitor that involve a business process similar to the business process on which the Key Transitioned Employee was working for Talcott, for a period of six (6) months from such time such employee ceases providing Services under the applicable SOW or SOW; and (ii) in the case of all other Services, provide services for a Talcott Competitor that are similar to the Services the Key Transitioned Employee was providing for Talcott, for a period of six (6) months from such time such employee ceases providing Services under the applicable SOW or SOW.

**1.3Key Provider Positions**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Definition</u>. Each SOW shall designate certain Provider Personnel positions (the ***"Key Provider Positions"***) that are critical to Provider's successful performance of an SOW throughout the applicable SOW Term. Each Provider SOW Manager shall be a Key Provider Position. By mutual written agreement, the Parties may change or update such Key Provider Positions from time to time during the Term. Provider shall cause the personnel filling the Key Provider Positions to devote full time and effort to the provision of the Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Replacement of Key Provider Personnel</u>. Provider shall not remove or replace any Provider Personnel from their assignment to a Key Provider Position (or any permissible replacements for such Key Provider Position) under the applicable Work Order, during the lesser of: (a) the time period for which such individual is contract to provide Services in the applicable Work Order, or (b) twenty four (24) months following such person's assignment hereunder, without the prior written consent of Talcott,

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except for reasons of death, disability, failure to perform, request by Talcott, relocation for family considerations, or resignation or termination for cause from employment by Provider. In the event Provider replaces a person assigned to a Key Provider Position, Provider will promptly provide a replacement reasonably acceptable to Talcott, at Provider's sole cost and expense. Further, in no event shall Provider (unless Talcott consents in writing) transfer or assign an individual who occupies or has occupied a Key Provider Position who is dedicated to Talcott account to: (i) in the case of BPO Services, provide BPO services for a Talcott Competitor that involve a business process similar to the business process on which the employee was working for Talcott, for a period of six (6) months from such time such employee ceases providing Services under the applicable SOW or SOW; and (ii) in the case of all other Services, provide services for a Talcott Competitor that are similar to the Services such employee was providing for Talcott, for a period of six (6) months from such time such employee ceases providing Services under the applicable SOW or SOW.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Review by Talcott.</u> Before assigning an individual to fill a Key Provider Position, Provider shall notify Talcott of the proposed assignment, shall introduce the individual to appropriate Talcott representatives as designated by Talcott SOW Manager, and shall provide Talcott with a resume and such other information as Talcott may reasonably request and the opportunity to interview such candidate. If Talcott objects to the proposed assignment, Provider shall discuss such objections with Talcott and attempt to resolve them on a mutually agreeable basis. If Talcott continues to object to the proposed assignment, Provider shall not assign that individual to that position and shall propose another individual to fill the Key Provider Position within ten (10) business days.

**1.4Provider Employees Assigned to Talcott Account**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Performance and Delivery Issues</u>. Talcott shall have the right to notify Provider if Talcott determines that the continued assignment to Talcott account of any Provider Personnel is not in the best interests of Talcott. Upon receipt of such notice, Provider shall have a reasonable time period, not to exceed five (5) business days, to investigate the matters stated therein and discuss its findings with Talcott, and attempt to resolve such matters in a manner acceptable to Talcott, including the permanent removal of such employee from Talcott account upon continued Talcott objection. If Provider fails to meet the Performance Standards or Service Levels persistently or continuously and if Talcott reasonably believes such failure is attributable in whole or in part to Provider's reassignment, movement, or other changes in the human resources allocated by Provider to the performance and delivery of the Services or to the Provider subcontractors assigned to Talcott service team, Talcott will notify Provider of such belief. Upon receipt of such notice from Talcott, Provider will: (i) promptly provide to Talcott a report setting forth Provider's position regarding the matters raised by Talcott in its notice; (ii) meet with Talcott to discuss the matters raised by Talcott in its notice and Provider's positions with regard to such matters; and (iii) diligently work to eliminate with respect to the Services any such Provider human resource practices or processes identified and agreed to by the Parties as adversely impacting the performance and delivery of the Services by Provider. Notwithstanding the foregoing review process, Provider shall immediately remove from Talcott Facility and, as soon as possible, replace any Provider Personnel if, in Talcott sole judgment, such Provider Personnel pose(s) a threat of harm to Talcott, any Talcott employee or any Talcott invitee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Replacement of Provider Personnel at Request of Talcott.</u> Further, at Talcott written request, Provider shall promptly remove any Provider Personnel assigned to Key Provider Positions, including any Provider SOW Manager, from Talcott account so requested by Talcott and, if appropriate or necessary, replace such Provider Personnel with a suitable replacement in a prudent manner so as not to interrupt or adversely affect the Services. In the event that any anticipated or actual delays in meeting a Work Order's schedule are caused by the unacceptable performance or removal (other than at the request of Talcott without cause) of any Provider Personnel, Provider shall provide additional temporary personnel, at no additional charge to Talcott, in order to complete the Services in a timely manner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>No Payments</u>. With respect to replacements of Provider Personnel in accordance with Section 7.4(a) and Section 7.4(b), Talcott shall not be obligated to make any payment on account of the Services performed by such replacement personnel until such replacement achieves the necessary training and experience to perform the Services at the same or greater level of skill and experience of the replaced Provider Personnel, and perform such Services to Talcott reasonable satisfaction. Any costs incurred in connection with such training shall be at Provider's expense.

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**1.5Provider Personnel and Resources**

As part of the Services, Provider shall, upon Talcott request, provide to Talcott access to Provider's specialized technical personnel and resources.

**1.6Non-Hire**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Unless otherwise specifically contemplated by this Agreement (including by any SOW), Provider and Talcott agree, during the SOW Term and for a period of one year after termination or expiration of the applicable SOW, not to solicit or hire any of the other Party's employees or consultants involved in the performance of the Services under the SOW.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Provider and Talcott may make general solicitations to the public (including solicitations by way of job posting web sites) or solicitations by a retained third party so long as the third party is not directed by such party or one of its Affiliates to make such solicitation to the persons to which the limitation of paragraph (a) above applies, and hire or contract with any such person that responds to such a general solicitation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The limitation in subparagraph (a) above does not apply: (i) in the event an employee or independent contractor of Provider has independently submitted his or her resume to an employment agency or recruiter, and such employment agency or recruiter forwards such resume or other information on to Talcott, (ii) in the event an employee or independent contractor of Provider contacts Talcott directly seeking employment; or (iii) to any individual who is no longer employed or contracted by Provider (notwithstanding the one year period).

**1.7Labor Harmony**

Provider shall conduct its activities in such a manner as to seek to avoid (i) any labor-related disruption of work or material non-compliance in the provision of any Services; and (ii) any interference with the work or activities of Talcott or Talcott Affiliates or other persons. Whenever Provider has knowledge of any actual labor dispute involving Provider Personnel, or others that may materially affect the provision of Services, Provider shall so inform Talcott and the Parties shall cooperate to minimize the effect of such dispute on the provision of Services, whether or not such labor dispute occurs at a Provider Location, subcontractor location, Talcott Location or otherwise.

**1.8Turnover Rate**

Provider will annually measure and report to Talcott the turnover rate of Provider employees and subcontractors working on Talcott account under each SOW and Work Order. Provider will use commercially reasonable efforts to maintain a turnover rate for Provider employees working on Talcott account equal to or less than industry standard levels for services similar to the applicable Services as published annually by NASSCOM in India and IBPAP in Philippines.

**1.9Background Investigations**

To the extent permitted by applicable Law, Provider shall have performed a background investigation of all of Provider's personnel or personnel of Provider's Affiliates who will perform any of the Services, or will have physical or logical access to any of Talcott Confidential Information or Talcott Data or the Systems, in accordance with the requirements set forth in **<u>Exhibit 6</u>** (Background Check Standards and Access to Talcott Work Sites). In addition, Provider will ensure that all Provider subcontractors conduct a background investigation in compliance with such **<u>Exhibit 6</u>** on all Provider subcontractors' personnel who will perform any of the Services, or who will have physical or logical access to any of Talcott Confidential Information, Talcott Data, or the Systems.

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**ARTICLE 8 - GOVERNANCE AND CHANGE CONTROL**

**1.1Governance**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)As further described in **<u>Exhibit 2</u>** (Enterprise Governance), the Parties will establish a Strategic Business Review for the purpose of facilitating the establishment and maintenance of an effective and efficient working relationship on an enterprise level.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Parties will also establish a governance structure under each SOW detailing the operating procedures by which the Parties shall manage all activities contemplated thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Governance activities performed by Provider shall be deemed to be part of the Services and shall not result in any additional Charges to Talcott.

**1.2Annual Knowledge Transfer**

At least once per year during the Term, or more frequently as set forth in an SOW, SOW or at Talcott reasonable request, Provider shall meet with Talcott designated representatives to (i) generally explain to Talcott how the Systems used to perform the Services work and should be operated; (ii) generally explain to Talcott how the Services are provided; and (iii) provide to Talcott such training and documentation as is reasonably necessary to enable Talcott to understand and operate the Systems and effectively and efficiently provide the Services after the termination of this Agreement or the expiration or termination of the applicable Work Order.

**1.3Operational Documents**

Provider shall be responsible for developing the following documents with Talcott reasonable cooperation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Procedures Manual</u>. If an SOW requires the development of a Procedures Manual, within the timeframe set forth in the applicable SOW , Provider shall develop in accordance with the SOW and deliver to Talcott for review a draft of a manual (the ***"Procedures Manual"***) describing in detail how Provider shall manage and perform the Services and Systems used to provide the Services, and the documentation (such as, for example, operations manuals, user guides, forms of Service Level reports, call lists, escalation procedures, emergency procedures, and requests for approvals or information). The Procedures Manual shall be based on Talcott procedures manual in use immediately before the commencement of Services under the applicable SOW if such procedures manual exists and is provided by Talcott. Subject to any alternative requirements in an SOW, Provider shall incorporate any reasonable comments and suggestions made by Talcott and shall deliver a revised Procedures Manual within fifteen (15) days after receipt of Talcott comments. The final Procedures Manual shall be subject to Talcott written approval. Provider shall update the Procedures Manual for each SOW and the Services performed thereunder at least quarterly and as necessary throughout the applicable SOW Term to reflect changes in the Services and the procedures and resources used to provide the Services. All such updates to the Procedures Manual shall be subject to Talcott review and approval as set forth in this Section 8.3(a). In the event of a conflict between the provisions of this Agreement and a Procedures Manual, the provisions of this Agreement shall control. Each draft and version of the Procedures Manual shall be deemed Work Product under this Agreement and owned exclusively by Talcott. The Procedures Manual shall also be deemed the Confidential Information of Talcott. Talcott may disclose the Procedures Manual to any third party as determined by Talcott, including to prospective successor service providers in connection with procuring services to replace the Services provided by Provider.

**1.4Change Control Procedures**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Changes to Services</u>. Provider shall not be entitled to compensation for any services other than or in addition to the Services specified in any SOW issued pursuant hereto, unless an implementing change order in the form of **<u>Exhibit 3</u>** hereto for such other or additional services is issued and signed by Talcott and Provider's respective officers with appropriate level of signature authority (each, a ***"Change Order"***) and an implementing purchase order is issued to Provider by Talcott procurement organization prior to commencement of any such additional Services. Upon such event, the changed Services shall then be deemed **"Services"** and subject to the provisions of this Agreement; and any other changes described in the new applicable SOW shall be deemed to have amended this Agreement as to the specific SOW only, subject to the terms of Section 0. In the event that the actual

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Charges for any new Services pursuant to a Change Order exceeds either the fixed fee or "not-to-exceed" fee, if any, as set forth in a Change Order, Provider shall be solely responsible for such excess costs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Talcott-Directed Changes</u>. If directed by Talcott to change, increase or decrease the scope of any Services, and if Provider determines that such change or increase in scope will result in a material increase in the total of Charges to Talcott under the applicable Change Order, Provider shall provide to Talcott a written proposal for such change or increase in scope. If such proposal is accepted and authorized by an implementing Change Order in accordance with Section 8.4(a), above, Provider shall be compensated at the fixed fee or not-to-exceed fee set forth in the Change Order or at such other price mutually agreed upon in writing. If, pursuant to the Dispute Resolution process defined in Section 20.2, the Parties cannot agree on the fees to be paid Provider, Talcott may direct Provider to implement, and Provider agrees to implement, such change at Talcott Rate set forth in the applicable SOW ; provided that the Parties will work in good faith to agree on the applicable fees for the work based on an equitable adjustment, with an appropriate adjustment (i.e., true-up) of the Charges to account for the cumulative difference between application of such agreed fee and applicable Talcott Rate charged.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Provider-Recommended Changes</u>. Provider shall, at least semi-annually, recommend to Talcott: (i) changes in the type and scope of the Services; or (ii) new and emerging technologies applicable to the Services, each as are likely to improve the quality, efficiency and cost-effectiveness of the Services. Upon Talcott direction, Provider shall prepare a Change Order for Talcott review and further consideration. Such Change Order will become effective upon its signing by the Provider SOW Manager and Talcott authorized representative, pursuant to Section 21.5 and the issuance of an implementing purchase order by Talcott procurement organization to Provider. Notwithstanding the foregoing sentence, Talcott request that Provider prepare such Change Order shall not be deemed to be a commitment by Talcott to enter into a final Change Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)<u>Routine Changes</u>. Routine changes made in the ordinary course of Provider's provision of Services that are performed within the then-existing resources used to provide Services and that do not affect Service Levels (such as, but not limited to, changes to operating procedures, schedules and Equipment configurations) shall be made at no additional cost to Talcott and shall be made and documented in accordance with the Procedures Manual.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)<u>Technology Changes</u>. Notwithstanding anything to the contrary in this Agreement, an SOW, an SOW or the Procedures Manual, Provider shall not, without Talcott prior written consent:

&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)knowingly make any change that adversely affects the functions or performance of, or decreases the operational efficiency of, the Services, including without limitation the implementation of technological changes;

&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)move programs from development and test environments to production environments; or

&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)install any Equipment or Software upgrade within Talcott environments, or outside of Talcott environments if such installation or upgrade shall affect the Services, unless such installation is in accordance with the terms of the Procedures Manual or the Change Control Procedures. If Provider advises Talcott of any proposed upgrade under this Section 8.4(e), Provider shall be responsible for advising Talcott of all other upgrades or other changes that would result from or would be incidental to the upgrade.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)<u>Effect of Changes on Charges</u>. Notwithstanding the provisions of ARTICLE 14 with respect to Charges:

&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)to the extent that any Change Order can be accommodated within the existing level of resources then being used by Provider to provide Services and without degradation to existing Service Levels (unless otherwise agreed to by Talcott in writing), the Charges payable by Talcott under the applicable SOW shall not be increased;

&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)to the extent the proposed change will lower Provider's cost to provide Services thereafter, the applicable Charges payable by Talcott shall be adjusted to reflect such projected cost savings immediately upon the execution of the Change Order by the Parties and the issuance of an implementing purchase order by Talcott procurement organization; 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;(iii)to the extent the proposed change will require the addition or subtraction of resources for which a pricing metric exists under the applicable SOW, the resulting change to the Charges payable by Talcott shall be calculated in accordance with that pricing metric and shall take effect immediately upon the execution of the Change Order by the Parties and the issuance of an implementing purchase order by Talcott procurement organization.

**ARTICLE 9 - INTELLECTUAL PROPERTY RIGHTS AND OBLIGATIONS**

**1.1Talcott Software**

The initial list of Talcott Software, if any, that is necessary for the Provider to use to perform the Services shall be identified in each SOW and updated as needed. As between the Parties, Talcott is the sole and exclusive owner of all of Talcott Software, whether or not identified in an SOW, and except as expressly provided herein, nothing contained in the Agreement shall be construed to grant to Provider any right, title, license or other interest in, to or under any of Talcott Software (whether by estoppel, implication or otherwise). Talcott hereby grants to Provider a non-exclusive, non-transferable and fully paid-up license during the applicable SOW Term to use, maintain, modify and enhance, as applicable, Talcott Owned Software for the sole purpose of providing the Services as required under this Agreement and subject to any restrictions set forth in the SOW. Subject to the Parties having obtained any Permits for Talcott Licensed Software, Talcott grants to Provider, for the sole purpose of providing the Services, the right to use such Talcott Licensed Software under the terms and scope of the license granted to Talcott by the licensor thereof. Provider shall comply with the duties, including use and non-disclosure restrictions imposed on Talcott by the license agreements for such Talcott Licensed Software. In addition, Provider will use Talcott Licensed Software in compliance with any applicable use restrictions (i) that are disclosed by Talcott to Provider, or (ii) that are contained in the applicable Third Party Software Licenses governing the use of any Talcott Licensed Software that are provided or made available to Provider. Notwithstanding anything to the contrary under this Agreement, unless otherwise stated in an SOW, Provider shall be solely responsible for obtaining, installing, operating and maintaining at its expense any Talcott Licensed Software, that Provider, or any third party on Provider's behalf, installs or operates from within Provider's own or any Third Party's computing environment (i.e., its own copy), and Provider shall be solely responsible for the payment of all fees applicable thereto.

**1.2Ownership of Work Product**

Unless otherwise expressly set forth in the applicable SOW with respect to particular Deliverables (provided such SOW has been approved in writing by an officer of Talcott and Talcott SOW Manager), all results of the Services created or developed by Provider, by itself or jointly with Talcott or others, including the Deliverables, the Developed Software, business methods or processes, programs, systems, processes, data development, modification and enhancement of systems, computer programs, operating instructions, specifications, technical information, ideas, inventions, drawings, works of authorship, designs, concepts and all other documentation developed for or relating to Talcott, Talcott Affiliates or this Agreement, and all documents, data and other information of any kind, including information incorporating, based upon, or derived from the foregoing, and reports and notes prepared by Provider or any Provider Personnel (any of the foregoing whether or not completed), together with all modifications, revisions, changes, copies, partial copies, translations, compilations, and derivative works of the foregoing, excluding Provider Proprietary Materials and Provider Software incorporated therein (collectively, the ***"Work Product"***) are, shall be and shall remain the property of Talcott and may not be used by Provider or any Provider Personnel for any other purpose except for the benefit of Talcott or Talcott Affiliates. During the Term, Provider shall disclose promptly to Talcott any inventions or improvements made or conceived by Provider or any Provider Personnel that result from work done under this Agreement or as a result of information supplied to Provider, directly or indirectly by Talcott, and which constitute Work Product hereunder. Provider represents it does not have any commitments to others under which Provider is obligated to assign to such others inventions or improvements or rights therein in conflict with Provider's obligations to Talcott pursuant to this Agreement.

Talcott shall have all right, title and interest, including worldwide ownership of all Intellectual Property Rights in and to the Work Product and all copies made from it. To the extent any of the Work Product is not deemed a "work for hire" by operation of law, Provider hereby irrevocably assigns, transfers and conveys to Talcott, and, to the extent Provider Personnel retain any rights in the Work Product, shall cause the Provider Personnel to assign, transfer and convey to Talcott, without further consideration, all of its and their right, title and interest in and to such Work Product, including all Intellectual Property Rights in and to such Work Product. Provider acknowledges, and shall cause the Provider Personnel to acknowledge, that Talcott and its successors and permitted assigns shall have the right to obtain and hold

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in their own name any Intellectual Property Rights in and to such Work Product, unencumbered by any claim by Provider or any Provider Personnel (whether by estoppel, implication or otherwise). Provider agrees to execute, and shall cause the Provider Personnel to execute, any documents or take any other actions as may reasonably be necessary, or as Talcott may reasonably request, to evidence, perfect, maintain and enforce Talcott ownership of any such Work Product, whether during the Term or thereafter, at Talcott cost and expense. The territorial extent of the rights in the Work Product assigned to Talcott by Provider and/or the Provider Personnel under this Agreement shall extend to all the countries in the world. The assignment of the Intellectual Property Rights in the Work Product by Provider and/or the Provider Personnel to Talcott shall be royalty-free absolute, irrevocable and perpetual.

**1.3Provider Software**

Provider shall, in each Work Order, list the Provider Owned Software and Provider Licensed Software (subject to the restrictions set forth in the second to last sentence of this Section 9.3), if any, that will be incorporated into any Deliverable or that will be necessary to be used by Talcott or any Talcott Affiliate in order to Use the Services or the Deliverables, each such SOW to be updated from time to time by Provider as needed with the prior approval of the applicable Talcott SOW Manager. Unless otherwise stated in a Work Order, Provider shall be solely responsible for obtaining, installing, operating and maintaining at its expense any Provider Software needed to provide the Services or the Deliverables or necessary for Talcott to Use the Services or the Deliverables, including the payment of all applicable fees and obtaining applicable Permits. Without Talcott prior written consent, Provider shall not incorporate into any Deliverable or otherwise use in performing the Services any (i) Third Party Software including any Provider Licensed Software; or (ii) Provider Proprietary Materials (as defined in Section 9.4 below) even if such Third Party Software or Provider Proprietary Material is generally commercially available. Provider hereby grants to Talcott and Talcott Affiliates a nonexclusive, irrevocable, fully paid, perpetual and worldwide license to Use any Provider Software that is incorporated into any Deliverables or that is necessary to be used by Talcott or any Talcott Affiliate in order to Use the Services or the Deliverables, and any resulting Talcott Modifications, and to sublicense or authorize any third parties to do, at Talcott election, any, some or all of the foregoing, solely to the extent necessary to Use the Services and/or Deliverables. Provider shall clearly identify, in the Deliverables software code itself, all Provider Software that is so incorporated in any Deliverables. The foregoing license shall not authorize Talcott to knowingly separate the Provider Software from the Work Product for the purpose of selling or licensing such Provider Software in any way as a stand-alone product or development tool to third parties (other than Talcott Affiliates) for value. "***Talcott Modifications***" means all modifications, improvements and derivative works of Provider Proprietary Materials and/or Provider Software made by or on behalf of Talcott or a Talcott Affiliate in the exercise of the licenses granted pursuant to this Section 9.3 or Section 9.4. For the avoidance of doubt, the license to the Provider Software granted pursuant to this Section 9.3 shall not apply to any Third Party Software used by Provider to provide the Services solely from within its own computing environment, provided that (a) such Third Party Software is not incorporated into any Deliverable; and (b) is not otherwise required by Talcott or any Talcott Affiliate to Use the Services. Notwithstanding anything to the contrary in this Agreement, any Provider Software that is not incorporated into a Deliverable and that the Parties agree in writing is subject to the Master Software License Agreement, shall be separately licensed pursuant to the terms of the Master Software License Agreement.

**1.4Provider Proprietary Materials**

Talcott acknowledges that Provider may, subject to the restrictions set forth in Section 9.3 above, incorporate into any Work Product or use in the performance of any Services certain Provider Software, proprietary methodologies, tools, content, specifications, drawings, sketches, models, samples, records, documentation, works of authorship or creative works, ideas, knowledge or data or other materials which have been originated or developed by Provider Personnel or its Affiliates or by third parties under contract to Provider or its Affiliates to develop same, prior to its performance of Services hereunder or independently of its performance of Services hereunder, or purchased by or licensed to Provider (collectively, the ***"Provider Proprietary Materials"***). For clarification purposes, "independently" as used in the previous sentence shall mean neither paid for by Talcott nor specifically created for Talcott in connection with the Services hereunder. Provider shall use Best Commercial Practices to list in each SOW the Provider Proprietary Materials, if any, that will be incorporated into any Deliverable or that will be necessary for Talcott or any Talcott Affiliate to use in order to Use the Services or the Deliverables, each such SOW to be updated by Provider from time to time as needed with the prior approval of the applicable Talcott SOW Manager. Further, Provider shall clearly identify, in the Deliverables software code itself, all Provider Proprietary Materials that are so incorporated in any Deliverables. Notwithstanding anything herein to the contrary, such Provider Proprietary Materials, even if incorporated into any Work Product, shall remain (as between Provider and Talcott) the sole and exclusive property of Provider.

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Except as expressly provided herein, nothing contained in this Agreement shall be construed to grant to Talcott or any Talcott Affiliate any right, title, license or other interest in, to or under any Provider Proprietary Materials (whether by estoppel, implication or otherwise). Provider hereby grants to Talcott and Talcott Affiliates a nonexclusive, irrevocable, fully paid, perpetual and worldwide license to (i) Use Provider Proprietary Materials incorporated into any Deliverables or that are necessary to be used by Talcott or any Talcott Affiliate in order to Use the Services or the Deliverables, and any resulting Talcott Modifications; and (ii) sublicense or authorize any third parties to do, at Talcott election, any, some or all of the foregoing. The foregoing license shall apply regardless of whether the Provider Proprietary Materials were listed in the applicable Work Order. The foregoing license shall not authorize Talcott to knowingly separate the Provider Proprietary Materials from the Deliverables for the purpose of selling or licensing such Provider Proprietary Materials in any way as a stand-alone product or development tool to third parties (other than Talcott Affiliates) for value.

**1.5Source Code**

All software Deliverables will be provided to Talcott in source code and object code form (including any Provider Software embedded therein) together with all programs, objects, components, classes, base-classes, sub-classes, compiler(s), interpreter(s), template(s), tools, libraries and any other software necessary to support the runtime execution of the object oriented software system and all relevant technical specifications and documentation, including flow charts, algorithms and subroutine descriptions, memory and overlay maps and other documentation of the source code, all in sufficient detail to enable a trained programmer through study of such materials to maintain or modify the Deliverables without undue experimentation.

**1.6Changes and Upgrades to Software**

Except as may be pre-approved by Talcott in writing or as specifically provided in the applicable SOW , Provider shall not make any changes, upgrades or modifications to Talcott Software or Provider Software that would alter the provision or degrade the performance of the Services or materially affect the day-to-day operations of Talcott business. Provider shall be responsible, at no charge to Talcott, for any modification or enhancement to, or substitution for, Talcott Software, the Provider Software, the Third Party Software and the Developed Software, and any other equipment or software used in connection with the Services, necessitated by: (i) unauthorized changes by Provider to Talcott Software or the Developed Software or (ii) changes by Provider to the Provider Software or related operating environments. Provider shall, at Talcott election, install for Talcott in connection with, and as part of, the Services, any upgrade, modification or enhancement to the Software at the then current level at the time such upgrade, modification or enhancement is available. The expense for any such upgrades, modifications or enhancements shall be allocated between the Parties as set forth in the applicable SOW, or as otherwise mutually agreed.

**1.7Covenant Not to Sue and Patent License Grant**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For the purposes of this Section 9.7, **"*Provider Patent Rights*"** means any and all rights in and to any patents and patent applications owned by Provider or any Provider Affiliate or licensed exclusively to Provider or any Provider Affiliate by any third party, during the Term, anywhere in the world, including any patents or patent applications that claim priority in whole or in part from any patent or patent application, and all divisional applications, continuation applications, continuation-in-part applications, reissue applications, reexamination requests, renewals and extensions thereof, and all counterparts thereof anywhere outside the United States, and all patents issuing therefrom. Provider

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shall ensure that any purchaser, assignee or exclusive licensee of one or more of the Provider Patent Rights agrees in writing to the provisions of this Section 9.7.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Without limiting the foregoing, during the Term and thereafter, regardless of the cause or circumstances for the expiration or termination of this Agreement (including any termination of this Agreement or part thereof by Provider), Provider agrees neither it nor any of its Affiliates will seek to enforce any of its or their Intellectual Property Rights (excluding trademark rights) relating to or used in connection with the performance of the Services against Talcott, Talcott Affiliates, or any third party in connection with the insource or outsource by Talcott of any of the Services, except to the extent of any material breach by Talcott, Talcott Affiliates, or a third party providing similar services to Talcott or Talcott Affiliates of the license granted pursuant to this Agreement of which Provider notifies Talcott in writing.

**1.8Permits**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Talcott hereby designates Provider as its agent, and Provider accepts such appointment as a part of the Services, for the limited purposes of administering, managing, supporting, operating under and paying under all Talcott Third Party Contracts as to which Permits are required and have not been obtained. Talcott does not appoint Provider as its agent for the purposes of entering into oral or written agreements with any person or entity for or in the name of Talcott or its Affiliates, without the prior express written consent of Talcott in each instance. Provider will perform its obligations and responsibilities as an agent pursuant to this Section 9.8(a) subject to the provisions of this ARTICLE 9 and this Agreement. Upon Talcott request, Provider will provide to Talcott all information and documentation Talcott may reasonably request related to Provider's activities as Talcott agent with regard to such Talcott Third Party Contracts. Talcott may terminate or provide additional restrictions on Provider's agency appointment with respect to any Talcott Third Party Contract at any time in Talcott discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Except as expressly specified otherwise in an applicable SOW, Provider shall have responsibility for obtaining, and paying for all fees and charges for, and expenses incurred in connection with obtaining, all of the Permits required to enable the provision and delivery of the Services, including Permits related to Third Party Contracts. If any Permit is not obtained with respect to any lease governing leased Equipment, any license or other agreement governing Software licensed from or provided by a third party or any Third Party Contract, then, unless and until such Permit is obtained, the Parties will (in addition to the limited agency appointment in Section 9.8(a) above) reasonably cooperate with each other in achieving a reasonable alternative arrangement to continue processing Talcott work which does not degrade service to Talcott or result in any additional cost or expense to Talcott. If and when reasonably requested by Talcott, Provider will provide Talcott with evidence of Permits obtained by Provider.

**ARTICLE 10 - CONFIDENTIALITY**

**1.1Confidential Information**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Non-Disclosure Agreement</u>. The Parties' obligations respecting Confidential Information (as such term is defined in the Non-Disclosure Agreement) shall be governed by the terms and conditions of that certain non-disclosure agreement attached hereto as **<u>Exhibit 4</u>** (the ***"Non-Disclosure Agreement"***) as supplemented or amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Shared Sites; Access by Competitors of Talcott.</u> If Provider provides the Services from a Location that is shared with a third party or any part of the business of Provider or such third-party is now or in the future is reasonably likely to be competitive with Talcott or any of Talcott Affiliates, at Talcott request, Provider shall develop a process, subject to Talcott approval, to restrict access in any such shared environment to Talcott Confidential Information so that such competitive business shall have no access to Talcott Confidential Information.

**1.2Omitted**

**ARTICLE 11 - TALCOTT DATA**

**1.1Ownership of Talcott Data**

All Talcott Data shall remain the property of Talcott, or Talcott Affiliates, as applicable. Talcott Data shall not be (i) used by Provider other than in connection with providing the Services; (ii) disclosed,

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sold, assigned, leased or otherwise provided to third parties by Provider; or (iii) commercially exploited by or on behalf of Provider, its employees or agents. None of Talcott Data may be aggregated with the data of any other customer of Provider unless such aggregation has been approved in writing by Talcott prior to such aggregation.

**1.2Return of Talcott Data**

At no cost to Talcott, following a written request by Talcott or upon the cessation of any Termination/Expiration Assistance, Provider shall promptly, but in no event later than five (5) business days following such request or the cessation of any such assistance, return to Talcott, in a format and on media as reasonably requested by Talcott, all or any requested portion of Talcott Data or, at Talcott election, destroy all or any portion of Talcott Data in Provider's possession, custody or control and, upon written request by Talcott, provide certification thereof.

**1.3Destroyed or Lost Data**

Provider shall (i) adequately mark or otherwise identify Talcott Data as Talcott property; (ii) store Talcott Data separately from Provider's property and property of any other customer of Provider; and (iii) promptly return Talcott Data at Talcott written request. Provider bears the risk and liability for all loss, theft or destruction to any Talcott Data provided to Provider. Provider will not modify, delete or destroy any Talcott Data or media on which Talcott Data resides without prior authorization from Talcott. Provider will maintain and provide to Talcott one or more reports that identify Talcott Data or media that have been modified or destroyed. In the event any Talcott Data is modified, lost or destroyed due to any act or omission of Provider or any Provider Personnel, including any breach of the security procedures described in this ARTICLE 11, any SOW , Provider shall be responsible for the prompt regeneration or replacement of Talcott Data; provided, however, that if Talcott Data is modified, lost or destroyed as a result of Provider's conformance to procedures required by Talcott in writing, any Charges for such regeneration or replacement of Talcott Data shall be in accordance with the applicable SOW or, if not addressed in the applicable Work Order, at Talcott Rate. Provider shall prioritize this effort so that the loss of Talcott Data will not have a material adverse effect upon Talcott business or the Services. Talcott agrees to reasonably cooperate with Provider to provide any available information, files or raw data needed for the regeneration of Talcott Data. If Provider fails to correct or regenerate the lost or destroyed Talcott Data within the time reasonably set by Talcott, then Talcott may obtain data reconstruction services from a third party, and Provider shall cooperate with such third party as reasonably requested by Talcott and, in addition to any other damages incurred by Talcott, Provider will be responsible for the actual reasonable costs incurred by Talcott for the reconstruction of Talcott Data by a third party. In the event it is determined that Talcott Data has been modified, lost or destroyed as a result of the willful misconduct of Provider or Provider Personnel, Talcott may, in addition to and not in lieu of any other remedies afforded to it hereunder or by law, terminate the applicable SOW or this Agreement for cause pursuant to Section 19.1(a)(i) and without a further right to cure.

**1.4Security**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Compliance with Laws and Talcott Security Procedures</u>. Without limiting its obligations under ARTICLE 5, Provider will comply with all applicable Provider Laws and Compliance Directives as well as the written Policies & Procedures (including **<u>Exhibit 7</u>** hereto and all other procedures relating to Talcott facilities and materials, Talcott Data and Talcott Software) that are in effect during the Term of this Agreement, and any SOW Term for the security of Talcott facilities and Talcott Data, as such procedures are created or modified by Talcott and Talcott Affiliates from time to time in accordance with Section 5.7(f). Without limiting the foregoing, Provider will comply with any applicable information and system security requirements set forth in any SOW to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Safeguards</u>. Provider shall (i) establish and maintain safeguards against the destruction, loss, or alteration of Talcott Data; (ii) establish and maintain safeguards against the unauthorized access to such data; and (iii) establish and maintain network and internet security procedures, protocols, security gateways and firewalls with respect to such data in accordance with Best Commercial Practices. All of the foregoing shall be in compliance with the Policies & Procedures (including **<u>Exhibit 7</u>**) and shall be no less rigorous than those safeguards and procedures maintained by Provider for its own data and information of a similar nature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Physical Security</u>. Provider will maintain and enforce at any facilities other than Talcott Facilities where any Services are performed, safety and security procedures that are at Best Commercial Practices. In addition, Provider will comply with all reasonable requirements of Talcott and its Affiliates

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with respect to security at Talcott Facilities. In the event Provider becomes aware of any breach or attempted breach of the security of any Talcott Facilities, Provider will immediately notify Talcott of such event, will reasonably assist in ascertaining and containing any damage as part of Services, and will reasonably cooperate with Talcott and any law enforcement or regulatory official.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)<u>Provider's Information Security Policies</u>. Without limiting the generality of the foregoing, Provider's information security policies shall provide for (i) continual assessment and re-assessment of the risks to the confidentiality, integrity, and availability of Talcott Data and Systems acquired or maintained by Provider and its agents and contractors in connection with the Services, including (a) identification of internal and external threats that could result in a Security Breach, (b) assessment of the likelihood and potential damage of such threats, taking into account the sensitivity of Talcott Data, (c) identification of potential vulnerabilities in Software, Equipment, processes, policies, controls, or other Systems used or supported in connection with the Services, and (d) assessment of the sufficiency of policies, procedures, and information systems of Provider and its agents and contractors, and other arrangements in place, to control risks; and (ii) appropriate protection against such risks. **"*Physical Security*"** means physical security at any Provider Facility or other location housing systems maintained by Provider or its agents or subcontractors in connection with the Services. **"*Systems Security"*** means security of computer, electronic or telecommunications systems of any variety (including data bases, hardware, software, storage, switching and interconnection devices and mechanisms), and networks of which such systems are a part or communicate with, used directly or indirectly by Provider or its agents or subcontractors in connection with the Services. ***"Process"* or "*Processing"*** means any operation or set of operations performed upon Talcott customers' personal information, whether or not by automatic means, such as creating, collecting, procuring, obtaining, accessing, recording, organizing, storing, adapting, altering, retrieving, consulting, using, disclosing or destroying.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)<u>Media</u>. Provider shall remove all Talcott Data from any media taken out of service and shall destroy or securely erase such media. No media on which Talcott Data is stored may be used or re-used to store data of any other customer of Provider or to deliver data to a third party, including another Provider customer, unless securely erased*.***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Provider will use Best Commercial Practices (consistent with the following sentence) to ensure that no Malware or similar items are coded or introduced by Provider into the Services, the Systems, the Provider's information systems and operating environments and processes used by Provider to provide the Services, including the information, data and other materials delivered by or on behalf of Provider to Talcott. Provider will continue to review, analyze and implement improvements to and upgrades of its Malware prevention, correction and monitoring programs and processes that are commercially reasonable and consistent with the then current information technology industry's standards and, in any case, no less robust than the programs and processes implemented by Provider with respect to its own information systems. If Malware is found to have been introduced into the Services, the Systems, the Provider's information systems that are connected to or that interface with the Systems, or the information, data or other materials delivered by or on behalf of Provider to Talcott or its Affiliates, Provider shall, in accordance with and subject to Section **Error! Reference source not found.**, promptly notify Talcott and take commercially reasonable diligent efforts to eliminate the effects of the Malware at Provider's expense. In all cases, Provider shall take immediate action to eliminate and remediate the Malware's proliferation and its effects on the Services, the Systems, the Provider's information systems and/or operating environments and processes used by Provider to perform and deliver the Services. All remediation efforts with respect to Malware must be in accordance with **<u>Exhibit 7</u>** and Section **Error! Reference source not found.**, specifically compliance with the forensics program. At Talcott written request, Provider will report to Talcott the nature and status of all Malware elimination and remediation efforts.

**1.5Legal Support**

As reasonably requested by Talcott, Provider shall (i) implement "legal holds" and other data retention protocols with respect to Talcott Data in the possession or control of Provider and its subcontractors, and (ii) otherwise reasonably assist Talcott in complying with discovery and data production requirements relating to Talcott Data in the possession or control of Provider or its subcontractors in connection with litigation, arbitration and other dispute resolution procedures, administrative proceedings, government investigations and internal investigations, including data identification, restoration, retrieval and production. The Services pursuant to the preceding sentence may be directed by Talcott in-house or outside counsel and Provider shall accept instructions from, and report to, such counsel as directed by Talcott. In addition, at Talcott written request, Provider shall enter into a separate agreement with Talcott outside counsel to perform such Services. Such agreement shall be on

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terms and conditions substantially similar to those of this Agreement (to the extent relevant) and shall include pricing terms no less favorable than those provided for in this Agreement.

**ARTICLE 12 - AUDITS**

**1.1Record Keeping and Audit Rights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Record Keeping</u>. As part of the Services, unless set forth in an SOW, Provider shall maintain complete and accurate records and supporting documentation of and for (i) as long as required by Talcott's record retention policy; (ii) all financial transactions (including (x) amounts billed to and amounts paid by Talcott and (y) data and documentation of third party charges invoiced to and paid by Provider) under all SOWs throughout each SOW Term; (iii) all other transactions, reports, filings, returns, analyses, Work Product, data and/or information created, generated, collected, accessed, processed or stored by Provider and/or Provider's subcontractors in the performance of the Services; and (iv) all controls relevant to Provider's internal controls relating to the Services and those controls provided for in any SOW to be executed by Provider and relating to Talcott control over the activities of Provider (collectively, "Provider Records"), all in a manner sufficient to permit a complete the audits in accordance with this Section 12.1. Provider shall retain such Provider Records while this Agreement remains in effect and for ten years from the performance of the applicable Services or date of the applicable invoice, whichever is later, provided, however, that Provider Records maintained on Talcott Systems shall be retained for the period of time required by Talcott then-applicable document retention policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Audit Rights</u>. Provider shall provide Talcott, at Talcott's written request, with paper and electronic copies of documents and information reasonably necessary to verify Provider's compliance with the Agreement and each Work Order. Talcott and its authorized agents and representatives shall have access to such records for audit purposes during normal business hours during the Term and for a period of time thereafter, consistent with Talcott record retention policy and applicable legal, regulatory and reporting requirements, but in no event less than ten years. Provider shall, at no additional cost to Talcott, provide to Talcott, Talcott internal and external auditors, inspectors, regulators and such other representatives ("Auditors") as Talcott may designate from time to time, access at reasonable times and upon 5 business days advance written notice (unless circumstances reasonably preclude such notice or, except in the case of physical site security audits which may be done with no notice provided such audit shall not unreasonably interfere with Provider's business operations), or in the case of external regulatory audits, such lesser amount of prior notice given by the applicable regulators or inspectors to (i) the parts of any facility at which Provider is providing the Services and the Provider Facilities; (ii) Provider Personnel providing the Services; and (iii) all Systems and all data and records relating to the Services, for the purpose of performing audits and inspections of Talcott and its business, to verify compliance with the terms of the Agreement and Work Orders, the confidentiality, integrity and availability of Talcott Data and security of Confidential Information, to examine the systems that process, store, support and transmit that data, and to examine Provider's Charges and performance of the Services under this Agreement and any Work Order. In addition, Provider shall provide to Talcott and such Auditors as Talcott may designate in writing, on Provider's premises, space, office furnishings (including lockable cabinets), telephone and facsimile service, utilities and office-related equipment and duplicating services as Talcott or such Auditors may reasonably require to perform the audits described herein. The foregoing audit rights may include, without limitation, audits (A) of practices and procedures; (B) of Systems; (C) of general controls and security practices and procedures, including Security Breaches; (D) of business continuity and disaster recovery capabilities and backup procedures; (E) of Charges under any Work Order; (F) necessary to enable Talcott to meet applicable regulatory requirements; and (G) for any other reasonable purpose as determined by Talcott. Provider shall provide full cooperation to Auditors, including the installation and operation of audit software. Upon termination or expiration of the Agreement and any Work Order, Talcott and Provider shall mutually agree as to any records or documentation of which Provider may retain one archive copy. The Parties agree that the foregoing audit rights shall not be unreasonably disruptive to Provider's provision of the Services or Provider's general business operations. Provider shall fully cooperate with any audit required by Law, Talcott internal requirements or otherwise mandated or ordered by a government authority, regulatory agency, stock exchange, accreditation body or court order or otherwise required by Talcott to meet applicable regulatory requirements. Talcott right to conduct any such audit under this Agreement shall be subject to the following limitations: (i) use of any third party Auditor that is a competitor of Provider shall be subject to Provider's prior written approval, such approval not to be unreasonably withheld or delayed (provided that no such approval shall be required to use the auditing services of a "Big Four" accounting firm); (ii) all audit results and disclosed records shall be held as Provider's Confidential Information and shall not be used by Talcott for any purpose except to verify, enforce, or bring a claim with regard to Provider's compliance with the terms of this Agreement and the accuracy of invoices; and

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(iii) Talcott or any Auditor conducting such audit shall comply with reasonable security and confidentiality guidelines and other reasonable policies of Provider, with respect to the audit, that Provider has provided to Talcott in advance.

**1.2Payments**

If an audit reveals that Provider has overcharged Talcott for the Services audited in an amount equal to or in excess of five percent (5%) during the audited period, Provider shall reimburse Talcott for the reasonable cost of the audit in addition to the amount of any overcharges that are due Talcott.

**1.3Provider Audits**

Provider shall make available promptly to Talcott, at no additional charge, (i) the results of any internal or external review or audit conducted by Provider, its Affiliates, or their respective contractors, agents or representatives, relating to Provider's operating practices and procedures to the extent relevant to the Services; and (ii) an annual Internal Control Audit (defined below) report, in accordance with the provisions of Section 16.2(p).

**ARTICLE 13- INSURANCE**

**1.1Required Insurance Coverages**

Prior to execution of this Agreement, Provider shall obtain insurance coverage as set forth more fully in **<u>Exhibit 5</u>**.

**ARTICLE 14 - CHARGES**

**1.1Fees**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Subject to the other provisions of this Agreement, Talcott shall pay to Provider the amounts set forth in each Work Order, based upon the Rate Schedule set forth in the applicable SOW, as payment in full for the Services under such SOW performed by Provider during the Term (the ***"Charges"***). Charges set forth in an SOW shall be calculated (i) on a firm, fixed-price project fee set forth in the applicable SOW for all Services and Deliverables under the Work Order; (ii) on a time and materials basis, based on the actual number of hours worked by Provider Personnel and which shall be charged to Talcott at the time and materials rates set forth in the applicable SOW ; (iii) on a daily or monthly rate or (iv) any other compensation structure mutually agreeable to the Parties and set forth in the applicable SOW . If applicable, the Parties shall agree in each Rate Schedule upon a default rate structure for Charges for Services (***"Talcott Rate*"**) which shall apply to all Services for which no other rate structure exists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Any discounts or other adjustments to the Charges shall be as set forth in the applicable SOW.

**1.2Taxes**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Taxes</u>. With the exception of sales tax, value added tax, goods and services tax and other similar transactional taxes imposed on the receipt of Services, for which Talcott will be responsible, all fees stated in any payment schedule in an SOW are deemed inclusive of all forms and types of Taxes. ***"Taxes"*** shall mean, collectively, taxes, duties, levies, tariffs and other similar charges (and any related interest and penalties), however designated and in all jurisdictions, imposed as a result of the existence or operation of this Agreement, all transactions contemplated herein and the delivery and use of the Services, including any applicable sales, use, excise, value-added, consumption, gross receipts, services, withholding, personal property, real property or other taxes attributable to periods on or after the Effective Date. Provider shall solely be responsible for, and in no event shall Talcott pay or be responsible for, any Taxes: (i) imposed on or with respect to Provider's net or gross income, capital or franchise; (ii) in the nature of employee withholding taxes, FICA, Medicare taxes, unemployment insurance or other Taxes relating to Provider Personnel performing Services hereunder; (iii) imposed on, with respect to, or in connection with Provider's purchase of any supplies, materials, equipment, software or services for use in providing the Services; (iv) in the nature of Permits required to provide the Services; (v) imposed by any federal, state, provincial or local taxing authority as withholding taxes, or taxes in the nature of withholding taxes, on or with respect to any amounts paid or accrued with respect

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to the Services; (vi) imposed by any taxing jurisdiction outside the United States (except as otherwise set forth in the first sentence of this Section 14.2(a); or (vii) collected by Provider from Talcott which Provider fails to remit to the applicable tax authority. If any Taxes are assessed against Talcott which the Provider had a responsibility to collect or withhold and remit to the applicable tax authority, but failed to do so, Provider shall be responsible for any interest or penalty related thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>New Taxes</u>. If any taxing jurisdiction imposes after the Effective Date a new sales, use, excise, value-added, services, consumption, or other tax on the provision of the Services or any component thereof, the Parties shall cooperate in attempting to reduce the amount of such Tax to the maximum extent feasible. If any Taxes applicable to the Services are imposed on Talcott during an SOW Term as a result of Provider's transition of Services to a location other than the initial location of Talcott facility, other than at the request of Talcott, Provider shall have full responsibility for payment of all such Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Cooperation</u>. The Parties shall reasonably cooperate with each other to enable the Parties to determine accurately their respective Tax liabilities and to reduce such liabilities to the extent permitted by applicable law. Provider's invoices to Talcott shall separately state the amount of any Taxes Provider is collecting from Talcott. Each Party shall provide to the other any resale certificates, exemption certificates, information regarding out-of-state or out-of-country sales or use of equipment and services, and such other similar information as the other Party may reasonably request. Where applicable, Talcott and Provider shall cooperate to segregate all fees into the following payment streams: (i) those for taxable services; and (ii) those for non-taxable services. In those instances where the payment stream is for taxable services, and Provider is required to collect or withhold taxes with respect to such payment, Provider shall also provide the applicable rate of tax. Provider shall be responsible for remitting all Taxes it collects or withholds from Talcott to the applicable taxing authority and, if necessary, registering with any applicable jurisdiction to which such Taxes are required to be remitted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)<u>Tax Claims</u>. Provider will promptly notify Talcott of, and coordinate with Talcott the response to and settlement of, any claim for Taxes asserted by applicable taxing authorities for which Talcott is responsible hereunder, it being understood that with respect to any claim arising out of a form or return signed by a Party to this Agreement, such Party will have the right to elect to control the response to and settlement of the claim, but the other Party will have all rights to participate in the responses and settlements that are appropriate to its potential responsibilities or liabilities. Each Party shall bear its own expenses in connection with any such Tax claims.

**1.3Pass-Through Expenses**

Talcott shall not be responsible for, and Provider shall solely be responsible for, any Pass-Through Expenses except as expressly agreed in an applicable SOW or as otherwise agreed in writing by Talcott SOW Manager for the particular Work Order. Subject to Talcott travel expense reimbursement policy, Talcott will be responsible for all reasonable expenses for travel, at Talcott request, for Provider Personnel engaged onsite at a facility of Talcott for assignments of less than ninety (90) days in duration and for domestic travel between Talcott facilities; provided that Provider will be responsible for such expenses associated with any assignment (even if less than ninety (90) days in duration) for the purpose of performing any Transition Services or knowledge transfer or capture, and any Services to be provided on a fixed-cost basis. For the avoidance of doubt, except as noted above, Provider is solely responsible for all costs of transportation to and from the United States (or between any other locations worldwide), food, lodging and expenses related to any of the Provider Personnel unless such costs or expenses are specifically identified in an SOW or otherwise have been previously approved in writing by Talcott SOW Manager for the particular Work Order.

**ARTICLE 15 - INVOICING AND PAYMENT**

**1.1Invoices**

Provider shall deliver to Talcott, on a monthly basis in arrears, by the 15<sup>th</sup> day of the following month, one (1) consolidated invoice in United States dollars for all Charges, Pass-Through Expenses and Taxes due under each SOW with respect to Services rendered for the previous month. Each invoice shall separately state the Charges, Pass-Though Expenses and Taxes for each category of Service and shall otherwise be in such detail as Talcott may reasonably require for its internal accounting needs (including any chargeback requirements), as specified by Talcott from time to time. Each SOW invoice shall include any calculations used to establish the Charges, Pass-Through Expenses and Taxes. Invoices shall be in

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the form and provide such detail as may reasonably be specified by Talcott. Provider shall deliver each invoice (one paper copy and one electronic version) to Talcott SOW Manager.

**1.2Payment**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Payment of Correct Invoices</u>. Subject to Sections 15.2(c) and 15.5, each correct invoice delivered to Talcott pursuant to Section 15.1 shall be due and payable within thirty (30) days of its receipt by Talcott. To the extent Talcott is entitled to a credit pursuant to this Agreement or any SOW, Provider shall provide Talcott with such credit on the first invoice delivered after such credit is earned. If no further amounts are payable to Provider under this Agreement, Provider shall pay the amount of the credit to Talcott within thirty (30) days after the credit is earned. If Talcott fails to make any undisputed payment required under this Agreement within sixty (60) days after the applicable due date, then Provider may assess interest on such unpaid amounts in an amount equal to the lesser of one and one-half percent (1.5%) per month or the maximum rate permitted by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Limitation on Talcott Obligation to Pay</u>. Talcott shall not be obliged to pay any invoices submitted by Provider more than six (6) months after the date that the invoice for Services being invoiced was required to be provided in accordance with Section 15.1 or the applicable SOW.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Good Faith Disputes</u>. Talcott shall not be obliged to pay Charges, Pass-Through Expenses or Taxes that Talcott disputes in good faith. If Talcott in good faith disputes any amount on an invoice, it will pay the undisputed portion of the invoice and may withhold the disputed portion pending resolution of the matter. If Talcott withholds disputed amounts, Talcott shall use reasonable efforts to provide written notice to Provider within fifteen (15) days after discovery by Talcott of the nature of the Dispute (referred to as ***"Good Faith Dispute"***). If the Good Faith Dispute is not informally resolved within thirty (30) days after receipt by Provider of notice of the Good Faith Dispute, the Parties shall resolve the Good Faith Dispute in accordance with ARTICLE 20 of this Agreement. The withholding of any amount in accordance with this Section 15.2(c) will not be considered a basis for monetary or other default or grounds for termination under this Agreement.

**1.3Proration**

All periodic charges under this Agreement (excluding charges based upon actual usage or consumption of Services) shall be computed on a calendar month basis and shall be prorated for any partial month.

**1.4Refunds**

If either Party should receive a refund, credit or other rebate for goods or services paid for by the other Party, the recipient of such refund, credit or rebate shall promptly notify the other Party and shall pay such amount, to the other Party (or, if applicable, provide a credit on the next delivered invoice) within thirty (30) days after receipt thereof.

**1.5Setoff**

Notwithstanding any other provision of this Agreement to the contrary, if Talcott is owed any amount by Provider, at its option and upon notice to Provider, Talcott may set off that amount as a credit against any amounts it otherwise owes to the Provider under this Agreement. Any unused credits against future payments shall be paid to Talcott within thirty (30) days of the expiration or termination of the applicable Work Order.

**ARTICLE 16 - CERTAIN REPRESENTATIONS AND WARRANTIES**

**1.1Mutual Representations and Warranties**

Each Party represents and warrants that, as of the Effective Date and each SOW Effective Date, and continuing throughout the Term and each SOW Term, and any period of Termination/Expiration Assistance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)It is a corporation duly incorporated, validly existing and is in good standing under the Laws of the country, province or state in which it is incorporated, and is in good standing in each other

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jurisdiction where the failure to be in good standing would have a material adverse effect on its business or its ability to perform its obligations under this Agreement or any SOW.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)It has all necessary corporate power and authority to own, lease and operate its assets and to carry on its business as presently conducted and as it will be conducted pursuant to this Agreement and any SOW.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)It has all necessary corporate power and authority to enter into this Agreement and each SOW and SOW and to perform its obligations thereunder, and the execution and delivery of this Agreement and each SOW and SOW and the consummation of the transactions contemplated thereby have been duly authorized by all necessary corporate actions on its part.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)This Agreement and each SOW and SOW constitute legal, valid and binding obligations of such Party, enforceable against it in accordance with their terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The execution, delivery and performance of this Agreement (including any SOW hereunder) will not constitute (i) a violation of any judgment, order or decree; (ii) a material default under any material contract by which such Party or any of its material assets are bound; or (iii) an event that would, with notice or lapse of time, or both, constitute such a default as described in (ii).

**1.2Provider Representations and Warranties**

Provider represents and warrants to Talcott that as of the Effective Date and continuing throughout the Term, each SOW Term and SOW Term and any period of Termination/Expiration Assistance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Provider is in compliance with Federal **"**anti-kickback**"** acts and similar Laws and that Provider will not violate any applicable Laws, regulations or any Policies & Procedures with which Provider is responsible for compliance hereunder regarding the offering of unlawful inducement in connection with this Agreement or any SOW.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Provider (i) has and shall have the right and authority to Use the Provider Software to provide Services, and to grant to Talcott and Talcott Affiliates the licenses to the Provider Software as set forth herein; and (ii) has agreements with Provider Personnel and all applicable subcontractors sufficient to enable Provider to comply with the provisions of this Agreement vesting ownership in the Work Product to Talcott (including an assignment of all Intellectual Property Rights in and to same from Provider Personnel and subcontractors, and to otherwise effect the Intellectual Property Right allocations set forth in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)(i) Provider has, and each of the Provider Personnel that Provider will use to provide and perform the Services has, the necessary knowledge, skills, experience, qualifications, rights and resources to provide and perform the Services in accordance with the Agreement; (ii) Provider will perform the Services in a diligent, professional and workmanlike manner using an appropriate number of properly trained and qualified individuals as necessary to perform and deliver the Services in accordance with the Agreement, and, at a minimum, in accordance with industry standards applicable to the performance of such Services; and (iv) the Services will conform to the description of the Services set forth in each SOW and Work Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Provider shall comply with, and shall ensure that all Services, Systems, Software and Deliverables comply with, all applicable Provider Laws and the Compliance Directives in connection with the Services and otherwise under this Agreement or any SOW then in effect. If a charge of noncompliance with any Provider Law occurs and is related to the Services, Provider will immediately notify Talcott of such charge in writing and, at its own cost, promptly remedy such noncompliance. Provider will be responsible for any fines or penalties incurred by Talcott arising from Provider's noncompliance with Provider Laws or Compliance Directives. At all times during the SOA Compliance Period, at no additional cost to Talcott unless otherwise specified in the applicable SOW, Provider shall, and shall cause each of its Affiliates and subcontractors to:

&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)&nbsp;&nbsp;&nbsp;&nbsp;if the applicable SOW identifies Services or Deliverables as subject to compliance with SOA, (A) Provider shall identify all controls, operations and systems Provider will use to provide such Services or Deliverables for Talcott approval, (B) in the event that Talcott does not approve such controls, operations and systems, the Parties will agree upon appropriate controls, operations and

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systems that are necessary and appropriate to enable Talcott and Talcott Affiliates to comply with their obligations under SOA with respect to such Services or Deliverables and (C) such controls, operations and systems shall be identified in the applicable SOW . Provider shall maintain in effect all such controls, operations and systems that are so approved and/or agreed in such SOW. In the event that Talcott requests any changes to such controls, operations or systems during the term of the applicable SOW, Provider shall implement such changes subject to the Change Control Procedures;

&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)&nbsp;&nbsp;&nbsp;&nbsp;provide to Talcott and/or Talcott auditors and counsel on a timely basis, all information, reports and other material which Talcott and/or its auditors or counsel may request in writing in order to: (A) evaluate and confirm that Talcott is in compliance with its obligations under SOA; and (B) enable Talcott auditors to provide the auditors attestation contemplated by Section 404 of SOA;

&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)&nbsp;&nbsp;&nbsp;&nbsp;if all or any part of the Services are part of the business processes which Talcott management deems significant to its internal control over financial reporting, provide to Talcott the Additional SOA Information, at Talcott cost and expense on a pass-through basis; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;provide to Talcott and its auditor and/or counsel access to such of Provider's and its Affiliates and subcontractors' pursuant to the audit limitations specified in Section 12.1(b), relevant portions of respective books and records and personnel as Talcott and/or its auditors or counsel reasonably may request to enable: (A) Talcott and/or its auditors or counsel to evaluate whether Talcott complies with SOA as it relates to the Services; and (B) Talcott auditors to provide the Auditors Attestation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Provider will use Best Commercial Practices to efficiently use the resources or services necessary to provide the Services and to perform the Services in accordance with the Service Levels and Performance Standards.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Provider will comply with all Policies & Procedures applicable to the provision of Services, as more particularly set forth in Section 5.7.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)Provider has obtained all requisite Permits necessary to perform the Services, excluding those Permits for which Talcott is responsible for obtaining as set forth in an SOW, and Provider will take all lawful steps necessary to maintain such Permits for which Provider is responsible hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)In accordance with Talcott Policies and Procedures and the Federal Violent Crime Control and Law Enforcement Act of 1994 (***"VCCLEA"***), no Provider Personnel has ever been convicted of (i) a felony or (ii) a misdemeanor involving violence, sexual misconduct or dishonesty or is named on the U.S. Office of Foreign Assets Control's Specially Designated Nationals list. Provider warrants that it has performed and that each of Provider's subcontractors has performed a criminal background check on each Provider Personnel prior to their assignment to perform any Services under this Agreement. Such criminal background checks shall be performed in accordance with the standards set forth in **<u>Exhibit 6</u>**, as may be updated from time to time. Provider further warrants that Provider will, during the Term, perform and ensure that each of Provider's subcontractors will perform such criminal background checks on all new or replacement Provider Personnel (as applicable) prior to their assignment to perform any Services under this Agreement. Talcott shall be entitled to audit compliance with this Section 16.2(h) pursuant to Section 12.1(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)Provider will maintain at Provider's expense all of the necessary certification and documentation such as Employment Eligibility Verification form I-9s, as well as all necessary insurance for its employees required by Law, including workers' compensation, and unemployment insurance, and Provider shall ensure that its subcontractors comply with the foregoing obligations. Provider will be solely responsible for the withholding and payment, if any, of employment taxes, all benefits and Workers' Compensation Insurance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)With respect to Provider's employment of any Provider Personnel, Provider shall comply with all applicable requirements of U.S. immigration Laws and related Laws, including verification of the employment eligibility of each of its employees who work in the United States. For those employees of Provider needing a visa to enter the United States, or otherwise needing immigration status in the United States, in order to carry out activities in connection with this Agreement, Provider will take all steps necessary to obtain and maintain appropriate immigration classification or status for such employees. Provider will ensure that its employees comply fully with the terms and conditions of any immigration classification or status. With respect to all Provider Personnel who are not employees of Provider, Provider will ensure that such Provider Personnel and all subcontractors that Provider uses to perform

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Services under this Agreement likewise comply fully with the requirements of U.S. immigration Laws and related Laws, to the same extent as this Section requires of Provider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)Its own information systems, including Provider Software, used to provide Services and, to the extent applicable thereto, that all Work Product, will be Date Compliant. To be ***"Date Compliant"*** means to process, consistently and correctly, data containing information for, pertaining to or dependent upon dates prior to or on or after January 1, 2001, including (but not limited to) recognizing and performing calculations that accommodate same century and multi-century formulas and date values, and interface values that reflect the century. If Provider becomes aware that it is not in compliance with this Section 16.2(k), Provider shall immediately so notify Talcott and promptly correct, replace, upgrade or otherwise remedy such non-compliance so as to become Date Compliant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)Provider shall perform the Services in such a manner so as to ensure that (i) Provider, at all times during the Term of this Agreement, shall maintain or exceed the level of ISO 9000-2000, SEI-CMM Level 5, SEI-CMMI Level 5 and PCMM Level 5 certifications; and (ii) Talcott, at all times during the Term of this Agreement, maintains or exceeds the level of certifications maintained by Talcott immediately prior to the Transition of the applicable Services to Provider and such level of certifications maintained by Talcott during the Term (unless otherwise stated in an applicable SOW). Provider's compliance shall be subject to periodic assessment and verification by an independent third party, approved in advance by Talcott. The results of such assessment and verification shall be provided promptly to Talcott. Such periodic assessments and verifications shall occur no more frequently than annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)Provider's information systems, including Provider Software, Third Party Software used to provide Services and, to the extent applicable thereto, that all Work Product, is and will be Date Compliant and Currency Compliant. If Provider becomes aware that it is not in compliance with this Section 16.2(m), Provider shall immediately so notify Talcott and promptly correct, replace, upgrade or otherwise remedy such non-compliance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)Provider (i) shall not unreasonably withhold or delay any consent, approval or request by Talcott required under the Agreement; and (ii) shall identify and, to the extent reasonably possible, prevent a potential Organizational Conflict of Interest and inform Talcott of any such activity or relationship. As used herein, "Organizational Conflict of Interest" means a situation or occurrence pursuant to which, because of other activities or relationships within or outside its corporate enterprise: (i) Provider is unable to render impartial assistance or advice to Talcott; or (ii) Provider's objectivity in performing the Services is or might be materially impaired or influenced.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Foreign Corrupt Practices Act.

&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)Provider has not and shall not violate, or cause Talcott or any of its Affiliates to violate the United States Foreign Corrupt Practices Act or any other applicable anticorruption laws or regulations ("FCPA") in connection with the Services provided under the Agreement and that it has not, and agrees that it shall not, in connection with the transactions contemplated by the Agreement, or in connection with any other business transactions involving Talcott or Talcott Affiliate, pay, offer, promise, or authorize the payment or transfer of anything of value, directly or indirectly to:

&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;(A)any government official or employee (including employees of government owned or controlled companies or public international organizations) or to any political party, party official, or candidate for public office; or

&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;(B)any other person or entity if such payments or transfers would violate the laws of the country in which made or the laws of the United States.

&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)It is the intent of the Parties that no payments or transfers of value by Talcott or Talcott Affiliate or Provider in connection with the Agreement shall be made which have the purpose or effect of public or commercial bribery, or acceptance of or acquiescence in, extortion, kickbacks, or other unlawful or improper means of obtaining business.

&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)Provider is familiar with the provisions of the FCPA and agrees that:

&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;(A)neither Provider nor its partners, officers, directors, employees, or agents is a government official or employee (including an employee of a government-owned or government-

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controlled company or of a public international organization), is a political party official or employee of a political party, or is a candidate for public office, in each case in a non-U.S. location; and

&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;(B)it has not previously engaged in conduct that would have violated the FCPA had Provider been subject to its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)Provider has disclosed in writing in each SOW the non-U.S. Locations, if any, of all personnel anticipated to perform Services under the Agreement. Provider agrees to provide prompt advance written notice to Talcott in the event that Provider desires to use any additional non-U.S. Locations in the provision of Services to Talcott under and in all cases subject to Talcott advance written consent in accordance with Section 3.11 and otherwise consistent with the terms and conditions of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)Provider acknowledges and agrees that Talcott may impose additional obligations upon Provider at Talcott discretion consistent with Best Commercial Practices to ensure compliance with the FCPA. Disclosures and notice required under this provision shall be sent to Talcott addressee(s) set forth in Section 21.11 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)an audit of Provider and its operational controls and attestation that includes a SOC 2 Type 2 report for non-financial controls, in accordance with the Statement on Standards for Attestation Engagements (SSAE) No. 18, as issued by the American Institute of Certified Public Accountants, or any successor standards approved in writing by Talcott ("Internal Control Audit").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) As further described below, Provider will furnish Talcott with an executed copy of each Internal Control Audit report of Provider's controls and systems relating to the Services provided to Talcott produced by Provider's third party auditor selected by Provider from among Plante Moran, PWC, Deloitte, KPMG, and E&Y, at such time as such audits are made generally available to Provider's customers end of calendar year. Annually Provider will retain a public accounting firm to produce an Internal Control Audit report at Provider's cost for the Services as follows: the Internal Control Audit report will include a minimum of a six month testing period. For the avoidance of doubt, all Internal Control reports as well as information provided to Talcott and Talcott auditor relating thereto, shall be deemed to be Provider Confidential Information. In the event that an Internal Control report is Qualified and the qualification has not been remediated by the date of the report, then Provider shall advise Talcott of Provider's remediation plan with respect to any and all material control deficiencies that result in such qualified opinion (which plan shall be subject to Talcott approval), and Provider shall follow such Provider remediation plan and complete remediation within the timeframe set forth in the remediation plan. In addition, every three months following the delivery to Talcott by Provider of a Internal Control Audit report, and periodically upon written request by Talcott, Provider shall (i) provide to Talcott a written update identifying whether there have been any (x) changes in Provider's internal controls or control environment that would adversely affect the auditors' opinion in such Internal Control Audit reports, or (y) material changes in the effectiveness of the internal controls designed to achieve the control objectives described in such Internal Control Audit reports (such written update may be in the form of a negative assurance letter or any other form documentation that Provider and Talcott deem reasonable), and (ii) advise Talcott of, and follow, Provider's remediation plan (which shall be subject to Talcott approval) with respect to any and all such changes and material changes, and complete remediation in accordance with the timeframe set forth in the remediation plan. All references to Internal Control Audit audit and report shall be deemed to refer to any successor standard to the Internal Control Audit audit and report from and after the time that such standard is replaced with a newer standard in the industry, including ISAE 3402 and any successors to those standards. Provider's failure to deliver, or to perform in accordance with, the remediation plan required pursuant to this Section shall be considered a material breach of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)Provider is fully capable of performing the Services, including without limitation, the services that were provided pursuant to the Existing Third Party SOWs and Existing Third Party SOWs(as those terms are defined in the MBM SOW), in accordance with the Agreement using existing Provider Personnel and without hiring any employees, subcontractors or representatives of any Current Providers.

**1.3Pass-Through Warranties**

Without limiting the Parties rights and obligations hereunder, Provider agrees, to the extent it is permitted to do so, to pass through to Talcott any and all third party representations, warranties and indemnities, if any, with respect to any Hardware or Software, or technology, services or materials used by

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Provider to provide the Services or provided or delivered by Provider. To the extent such representations, warranties or indemnities cannot be passed through by Provider, Provider agrees that Talcott may assert or enforce any right that Provider may have to enforce such representations, warranties and indemnities, or if such can only be enforced by Provider and in its own name, upon Talcott request, Provider shall take all commercially reasonable action requested by Talcott to enforce such representations, warranties and indemnities. Talcott agrees, to the extent it is permitted to do so, to pass through to Provider any and all third-party representations, warranties and indemnities, if any, with respect to any Talcott Equipment or Talcott Licensed Software used by Provider to provide the Services. To the extent such representations, warranties or indemnities cannot be passed through by Talcott, Talcott agrees that Provider may assert or enforce any right that Talcott may have to enforce such representations, warranties and indemnities, or if such can only be enforced by Talcott and in its own name, upon Provider's request, Talcott shall take all reasonable action requested by Provider to enforce such representations, warranties and indemnities.

**1.4Open Source**

Provider has not and will not incorporate any software (whether in source code or object code format) into Work Product, Talcott Software, Provider Software or any other Software delivered to Talcott or used in connection with providing the Services which would subject Talcott Software or other property of Talcott of any variety to any license, other agreement or understanding, that (i) would require the distribution of source code with such Talcott Software or require source code to be made available when such is distributed to any third party; (ii) would impact, restrict or impair in any way Talcott ability to license Talcott Software pursuant to terms of Talcott choosing; or (iii) would impact or limit Talcott ability to enforce Talcott patent or other Intellectual Property Rights against any third party in any manner.

**1.5Disclaimer**

EXCEPT AS SET FORTH IN THIS AGREEMENT OR AN SOW TALCOTT AND PROVIDER DISCLAIM ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITYAND FITNESS FOR A SPECIFIC PURPOSE.

**ARTICLE 17 - INDEMNIFICATION**

**1.1Mutual Indemnifications**

Each Party shall indemnify, defend and hold harmless the other Party and their respective Affiliates, officers, directors, employees, successors and assigns, from and against all Losses arising from death of or injury to any agent, employee, invitee, visitor or other person or to such Party's personal or real property to the extent caused by the fault or negligence or willful misconduct of the Indemnitor, or its respective agents, employees, contractors or customers.

**1.2Indemnification by Provider**

Provider shall indemnify, defend and hold harmless Talcott and its Affiliates, and their respective officers, directors, employees, agents, customers, successors and assigns (collectively, the ***"Talcott Indemnitees"***), from and against any third-party claims or Losses directly or indirectly incurred by Talcott Indemnitees arising from, in connection with or relating to, any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Provider's gross negligence or willful misconduct (including intentional misuse of Confidential Information);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Provider's acts or omissions in connection with the selection, employment, or offers of employment of Designated Employees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)all claims or liens made or asserted by subcontractors or Provider Personnel arising out of the performance of this Agreement, including any claims for payments, except to the extent caused by Talcott Indemnitees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Provider's or its subcontractor's acts or omissions in the capacity of an employer of a person), including any claims of harassment, discrimination, or wrongful discharge, payment of compensation, benefits or salary, non-payment of taxes, failure to withhold, or claims arising under workers compensation Laws, unemployment compensation Laws, occupational health and safety Laws, disability Laws, ERISA, or any other applicable federal, state, provincial or local Laws or regulations, and

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any breach by Provider, its subcontractor or Provider Personnel of the obligations set forth in Section 16.2(j) of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)any amounts which are allegedly owed to any Provider Personnel, including employment related Taxes and employee benefits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)any payment of compensation (including without limitation benefits) or salary asserted by any employee or agent of Provider or Provider Personnel associated with a determination by any federal, provincial, state or local governmental agency, any court or any other applicable entity that the employees or agents of Provider or Provider Personnel are employees of Talcott or any Talcott Affiliate for any purpose or that Talcott or any Talcott Affiliate is a co-employer of such personnel, except to the extent caused by any wrongful conduct by Talcott;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)any Taxes for which Provider is responsible under Section 14.2;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)any failure of Provider, Provider Affiliates or subcontractors or any Provider Personnel to obtain Permits which are Provider's responsibility hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a breach by Provider, Provider Affiliates or subcontractors or any Provider Personnel of Provider's obligations to comply with Laws, security procedures, safeguards, safety, physical security or any other obligations with which Provider is responsible for compliance under ARTICLE 11; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)a breach by Provider of the representations or warranties set forth in Sections 16.2(a), 16.2(d), 16.2(h), 16.2(i), 16.2(j), and 16.2(o).

**1.3Intellectual Property Indemnification**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Provider shall indemnify, defend, and hold harmless Talcott Indemnitees from and against all Losses arising from, in connection with or relating to (either jointly or severally) a claim that any Provider Software, Provider Proprietary Material, Systems, Work Product, data, documentation, or any other property or Service provided by Provider, Provider Affiliates or subcontractors or Provider Personnel ("***Provider Materials***"), or the Use thereof as permitted in the Agreement, the applicable SOW and/SOW (i) infringes (directly or in a contributory manner), violates or misappropriates any Intellectual Property Right; (ii) constitutes unfair competition under applicable law; or (iii) constitutes an unlawful disclosure, use or misappropriation of a third party's trade secret. If any Provider Materials becomes the subject of an allegation, demand, claim or action under this Section 17.3, or in Provider's opinion is likely to become the subject of such an allegation, demand, claim or action then Provider may, at its option (A) modify such Provider Material to make it non-infringing, non-violating and non-misappropriating or cure any claimed misuse of a third party's trade secret, provided such modification does not adversely affect the functionality, completeness or accuracy of such Provider Material; (B) procure for Talcott and its Affiliates (as applicable) the right to continue using the applicable Provider Material(s); or (C) replace such Provider Material with substantially equivalent material that is non-infringing, non-violating and non-misappropriating and that are free of claimed misuse of a third party's trade secret. To the extent that the foregoing remedies are not commercially practicable and if the removal of the infringing or violative Provider Materials excluded will not have a material adverse effect on any of Talcott Indemnitees or their business operations, Provider may remove such items and refund to Talcott all Charges paid for such items and any other items affected by such removal. Any costs associated with implementing any of the above alternatives shall be borne solely by Provider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Provider shall have no obligation under Section 17.3(a) to the extent based upon: (1) Talcott use of the Provider Materials, or any part thereof, in combination with any equipment, software or data not provided or approved for use by Provider, unless such use was reasonably contemplated by the Parties or authorized by Provider in writing; (2) any unauthorized modification of Provider Materials made by or at the direction of Talcott, or Talcott use of any such modification, if an unmodified version would not be infringing; (3) Talcott Materials in their unmodified form as provided to Provider by Talcott, solely to the extent that such Talcott Materials are the cause of the claim; (4) Provider's use of detailed written technical specifications, instructions or designs furnished by or on behalf of Talcott to Provider hereunder and relied upon by Provider in implementing the Deliverables, to the extent that (i) Provider exercised Best Commercial Practice both in relying on such materials in performing the Services, and to avoid such infringement, (ii) Provider strictly complied with such detailed written technical specifications, (iii) Talcott required Provider to comply with such specifications, instructions or designs, and (iv) Provider was not aware that such specifications, instructions or designs would result in such infringement; or (5) Talcott continuing the infringing activity after being provided (at no additional cost or expense to Talcott)

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with modifications or replacements in accordance with Section 17.3(a) that would have avoided the infringement and a reasonable period of time (taking into account quality control and other standard implementation processes) to implement the modifications or replacements (or to require Provider to implement same), and provided that Talcott was informed in writing of the need to use the applicable modifications or replacements to avoid the infringement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Talcott shall indemnify, defend and hold harmless Provider and its Affiliates, and their respective officers, directors, employees, agents, successors and assigns, from and against all Losses to the extent based on a claim that any Talcott Owned Software or other Talcott proprietary materials provided to Provider by Talcott specifically for use in performing Services under an applicable SOW ("***Talcott Materials***"), or the use or modification thereof as permitted in this Agreement, the applicable SOW and/SOW (i) infringes (directly or in a contributory manner), violates or misappropriates any Intellectual Property Right of a third party; (ii) constitutes unfair competition under applicable law; or (iii) constitutes an unlawful disclosure, use or misappropriation of a third party's trade secret. Talcott shall have no obligation under this Section 17.3(c) or other liability for any infringement, violation or misappropriation claim based upon (1) Provider's use of Talcott Materials provided by Talcott, or any part thereof, in combination with any equipment, software or data not provided or approved for use by Talcott, or in a manner not reasonably contemplated by the Parties, or authorized by Talcott in writing; (2) any modification of Talcott Materials made by any person other than Talcott, or Provider's use of any such modification, if an unmodified version would not be infringing; or (3) Provider continuing the infringing activity after receipt of written notice from Talcott to cease use of the infringing item.

**1.4Indemnification Procedures**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Notification; Assumption of Defense</u>. Promptly after receipt by a Party (***"Indemnitee"***) of any written allegation, claim or notice of any action giving rise to a claim for indemnification by the other Party (***"Indemnitor"***), the Indemnitee shall so notify the Indemnitor and shall provide copies of such claim and any documents relating to the action. No failure to so notify Indemnitor shall relieve Indemnitee of its obligations under this Agreement except to the extent that the failure or delay causes actual and material damages or prejudice to the Indemnitor. Within thirty (30) days following receipt of such written notice, but in any event no later than ten (10) days before the deadline for any responsive pleading, the Indemnitor shall notify Indemnitee in writing (a ***"Notice of Assumption of Defense"***) that the Indemnitor has assumed control of the defense and settlement of such allegation, claim or action, which notice shall include the name of the firm and attorney(s) that have been engaged to defend such allegation, claim or action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Control of Defense</u>. After Indemnitor delivers a Notice of Assumption of Defense with respect to a claim within the required period, Indemnitor shall have sole control over the defense and settlement of such claim; provided, however, that (i) Indemnitee shall be entitled to participate in the defense of such claim and to employ counsel at its own expense to assist in the handling of such claim on a non-controlling basis; (ii) Indemnitor shall obtain the prior written approval of Indemnitee before entering into any settlement of such claim unless such settlement requires no more than a monetary payment for which Indemnitee is fully indemnified or involves only other matters that are not binding on Indemnitee and that will not have any effect on Indemnitee's reputation; and (iii) Indemnitor shall give Indemnitee at least ten (10) days' notice of its intent to cease defending against such claim. After Indemnitor has delivered a timely Notice of Assumption of Defense relating to any claim, Indemnitor shall not be liable to Indemnitee for any legal expenses incurred by such Indemnitee in connection with the defense of such claim (except as set forth in Section 17.4(c) below) ; provided, that Indemnitor shall pay for one (1) separate counsel for all Indemnitees to the extent that conflicts or potential conflicts of interest between the Parties so require. In addition, except as provided in Section 17.4(c) below, Indemnitor shall not be required to indemnify Indemnitee for any amount paid by such Indemnitee in the settlement of any claim for which Indemnitor has delivered a timely Notice of Assumption of Defense if such amount was agreed to without prior written consent of Indemnitor, which shall not be unreasonably withheld or delayed in the case of monetary claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Indemnitee Right to Defend</u>. If Indemnitor does not deliver a Notice of Assumption of Defense relating to an allegation, claim or action within the required notice period, delivers notice of its intent to cease defending against the claim, or fails to diligently defend any such allegation, claim or action, Indemnitee shall have the right to defend and settle the claim or action in such a manner as it may deem appropriate, at the cost and expense of Indemnitor. Indemnitor shall promptly indemnify and reimburse the Indemnitee for all such reasonable costs and expenses upon written request therefore from time to time.

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**1.5Subrogation**

In the event Indemnitor indemnifies Indemnitee pursuant to this ARTICLE 17, the Indemnitor shall, upon payment in full of such indemnity, be subrogated to all of the rights of Indemnitee with respect to the allegation, claim or action to which such indemnity relates.

**ARTICLE 18 - LIMITATIONS ON LIABILITY**

**1.1No Consequential Damages**

SUBJECT TO SECTION 18.3 HEREOF, IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY OR PUNITIVE DAMAGES, REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, WARRANTY, STRICT LIABILITY, TORT (INCLUDING, WITHOUT LIMITATION, NEGLIGENCE) OR OTHERWISE, AND EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR SUCH DAMAGES COULD HAVE BEEN REASONABLY FORESEEN BY SUCH PARTY.

**1.2Limit On Direct Damages**

EXCEPT AS PROVIDED IN SECTION 18.3, IN NO EVENT SHALL TALCOTT AND ITS AFFILIATES' LIABILITY TO PROVIDER UNDER THIS AGREEMENT EXCEED THE AMOUNTS DUE AND OWING TO PROVIDER FOR SERVICES PROPERLY RENDERED ("TALCOTT DIRECT DAMAGES CAP").

EXCEPT AS PROVIDED IN SECTION 18.3, THE LIABILITY OF PROVIDER TO TALCOTT ARISING OUT OF, RELATING TO OR RESULTING FROM THE PERFORMANCE OR NON-PERFORMANCE BY PROVIDER OF THE SERVICES AND ITS OBLIGATIONS UNDER THE AGREEMENT SHALL BE LIMITED TO DIRECT DAMAGES INCURRED BY TALCOTT OR ANY OF ITS AFFILIATES FOR EACH EVENT THAT IS THE SUBJECT MATTER OF A CLAIM OR CAUSE OF ACTION, INCLUDING REASONABLE ATTORNEY FEES. EXCEPT AS PROVIDED IN SECTION 18.3, PROVIDER'S AGGREGATE LIABILITY FOR DIRECT DAMAGES SHALL NOT EXCEED THE GREATER OF FOUR HUNDRED THOUSAND DOLLARS ($400,000.00) OR THE TOTAL CHARGES PAID AND/OR PAYABLE BY TALCOTT AND ITS AFFILIATES UNDER THE AGREEMENT (INCLUDING ALL SOW(S) AND WORK ORDERS) FOR THE 12 CONSECUTIVE MONTH PERIOD IMMEDIATELY PRECEDING THE DATE OF THE OCCURRENCE OF THE APPLICABLE EVENT, ACT OR OMISSION GIVING RISE TO SUCH CLAIM ("PROVIDER DIRECT DAMAGES CAP").

**1.3Exceptions**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Provider Direct Damages Cap and Talcott Direct Damages Cap (the limitations on the amounts of damages set forth in SECTION 18.2 and the limitations on the types of damages set forth in SECTION 18.1) shall not apply to, and no amounts or payments made to satisfy Losses and other amounts described in this Section 18.3 shall be included in calculating the Provider Direct Damages Cap or Talcott Direct Damages Cap in connection with: (I) LOSSES COVERED UNDER THE PARTIES' INDEMNIFICATION OBLIGATIONS PURSUANT TO ARTICLE 17 (INDEMNIFICATION); (II) A PARTY'S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OR THAT OF ITS OR THEIR OFFICERS, DIRECTORS, EMPLOYEES OR AGENTS (OR, WITH RESPECT TO PROVIDER, THAT OF ITS AFFILIATES OR SUBCONTRACTORS); (III) ABANDONMENT OR WRONGFUL TERMINATION BY PROVIDER UNDER THIS AGREEMENT OR ANY SOW OR REFUSAL OF PROVIDER TO PROVIDE TERMINATION/EXPIRATION ASSISTANCE; (IV) PROVIDER'S FAILURE TO COMPLY WITH PROVIDER LAWS, INCLUDING ANY BREACH OF SECTIONS 5.1, 5.2, 5.3, OR 5.4 AS THEY PERTAIN TO PROVIDER LAWS. THE PARTIES ACKNOWLEDGE THAT THE LIMITATIONS SET FORTH HEREIN ARE INTEGRAL TO THE AMOUNT OF CONSIDERATION PAID OR TO BE PAID UNDER THIS AGREEMENT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)In lieu of the Provider Direct Damages Cap and Talcott Direct Damages Cap, Provider's liability for a Security Breach arising out of its breach of Article 10 of the Agreement, the Non-Disclosure Agreement, Article 11 of the Agreement, or **Exhibit 7** shall not exceed two million dollars ($2,000,000).

**1.4Damages Category**

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The following shall be considered direct damages and neither Party shall assert that they are consequential damages to the extent they result from a Party's failure to fulfill its obligations in accordance with this Agreement or any Work Order:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Reasonable costs of recreating or reloading any of Talcott lost or damaged information;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Reasonable costs of implementing a workaround in respect of a failure to provide the Services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Reasonable costs of replacing lost or damaged equipment and Software or other materials;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Reasonable costs and expenses incurred to correct errors in Software maintenance and enhancements provided as part of the Services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Reasonable costs and expenses incurred to procure the Services from an alternate source;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Losses arising from a Security Breach to the extent caused by Provider's breach of this Agreement, including Article 10 of the Agreement, the Non-Disclosure Agreement, Article 11 of the Agreement, or Exhibit 7; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)Straight time, overtime, or related expenses incurred by a Party, including overhead allocations of such Party for such Party's employees, wages and salaries of additional employees, travel expenses, overtime expenses, telecommunication charges, and similar charges, due to the failure of the other Party to fulfill its obligations hereunder or incurred in connection with (a) through (f) above.

The foregoing list is a non-exclusive list of damages constituting direct damages. Each Party shall have a duty to use reasonable efforts to mitigate damages for which the other Party is liable.

**1.5Force Majeure**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Definition</u>. Subject to clause (c) below, neither Party shall be liable for any failure or delay in the performance of its obligations under this Agreement or any SOW, if any, to the extent such failure or delay both is:

&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)Caused by any of the following: (x) catastrophic weather conditions or other extraordinary elements of nature or acts of God (other than localized fire, hurricane, cyclone, typhoon, tornado, flood or other extraordinary elements of nature or acts of God); (y) acts of war, acts of terrorism, insurrection, riots, civil disorders or rebellion; or (z) quarantines or embargoes; <u>provided</u>, <u>however</u>, that the Parties expressly acknowledge and agree that Force Majeure Events do not include (i) vandalism, (ii) the regulatory acts of governmental authorities, (iii) Provider's inability to obtain hardware, software or services, on its own behalf or on behalf of Talcott, or its inability to obtain or retain sufficient qualified personnel, except to the extent such inability to obtain hardware, software or services or retain qualified personnel results directly from the causes outlined in (x) through (z) above, or (iv) any failure to perform caused solely as a result of a Party's lack of funds or financial ability or capacity to carry on business; and

&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)The non-performing Party is without fault in causing or failing to prevent the occurrence of such event, and such occurrence could not have been circumvented by reasonable precautions and could not have been prevented or circumvented through the use of commercially reasonable alternative sources, workaround plans or other means (including, with respect to Provider, by Provider meeting its security and disaster recovery obligations described herein).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Excused Performance</u>. Events meeting both of the criteria set forth in clauses 18.5(a)(i) and 18.5(a)(ii) above are referred to collectively as ***"Force Majeure Events."*** Subject to clause 18.5(c) below, upon the occurrence of a Force Majeure Event, the non-performing Party shall be excused from its non-performance or observance of the affected obligation(s) for as long as such circumstances prevail and such Party continues to attempt to recommence performance using Best Commercial Practices whenever and to whatever extent possible without delay. Any Party so delayed in its performance will immediately notify the other by telephone or by the most timely means otherwise available (to be confirmed in writing within two (2) business days of the inception of such delay) and describe in reasonable detail the circumstances causing such delay.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Use of Alternate Providers by Talcott.</u> If a Force Majeure Event causes a material failure or delay in the performance of any Services for more than five (5) consecutive calendar days, Talcott may, at its election, and in addition to any rights Talcott may have pursuant to Section 19.4 procure such Services from an alternate source until Provider is again able to provide such Services. Talcott shall continue to pay Provider the Charges, less any amounts payable by Talcott to the alternate source, but Provider shall not be entitled to any additional payments as a result of the Force Majeure Event. Notwithstanding any other provision of this ARTICLE 18, a Force Majeure Event shall not relieve Provider of its obligation to use Best Commercial Practices to implement successfully all of the Services relating to disaster recovery services that are included in this Agreement, or any SOW, within the time period described therein.

**1.6Remedies**.&nbsp;&nbsp;&nbsp;&nbsp;

At its option, Talcott may seek all remedies available to it under law and in equity including injunctive relief in the form of specific performance to enforce the Agreement and/or actions for damages, or recover the Service Credits, subject only to the limitations and provisions specified in this Agreement. Provider may seek damages resulting from Talcott breach of its obligations under the Agreement, but Provider irrevocably agrees not to initiate any proceedings, file any action or suit in any court of competent jurisdiction or before any judicial or other authority arising under, out of, in connection with or relating to the Agreement against Talcott or any of its Affiliates, or their respective officers, directors, employees or agents, in which it seeks equitable remedies of any nature, including specific performance or injunction, except in connection with the alleged violation by such persons of the confidentiality provisions of the Agreement or alleged infringement of Provider's Intellectual Property Rights.

**ARTICLE 19 - TERMINATION**

**1.1Termination for Cause**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Talcott Right to Terminate for Material Breach</u>. Talcott shall have the right, but not the obligation, to terminate this Agreement, any SOW, or any Work Order(s) or any part(s) thereof, for cause effective on the date and for the scope specified in a written notice of termination:

&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)for a material breach of such Work Order, SOW or this Agreement by Provider that is not cured by Provider within thirty (30) days, or such shorter period of time if specified in the applicable SOW , of the date on which Talcott provides written notice of such breach; provided, however, if a material breach of this Agreement or of such SOW by Provider occurs such that Provider, using Best Commercial Practices, is unable to cure in such thirty (30) day period but Provider submits a written plan to Talcott within such thirty (30) day period to cure such breach at the earliest date practicable (but no later than within sixty (60) days of the date on which Talcott provides written notice of such breach) and the Provider's plan (including the timing of the cure set forth in the plan) is accepted by Talcott in writing, the cure period for such breach shall be extended to the date set forth in the plan;

&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)Provider commits multiple breaches of its duties or obligations under any Work Order, SOW or this Agreement which in each individual event may not be material, but which collectively constitute a material breach of this Agreement and which are not cured within thirty (30) days of Provider's receipt of notice from Talcott, provided that only one such notice shall be required in any twelve (12) month period, and Talcott may terminate without notice or opportunity to cure for further breaches within such period;

&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)for any termination event or rights set forth in any SOW, as set forth therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)for any Service Level termination event or milestone completion failure event set forth in an SOW;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)upon material failure by Provider to provide any Services which are of a critical nature for more than forty-eight (48) hours, other than pursuant to a Force Majeure Event, which is addressed in Section 19.4;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)in the event of a breach by Provider of the obligations set forth in Section 16.2(j) of this Agreement, if such immediate termination is necessary in order for Talcott to fulfill obligations under U.S. immigration Laws or related Laws;

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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;(vii)if Provider or any of its officers, directors or controlling owners shall become the subject of any investigation by any governmental authority for violation of any Law or shall commit any act that Talcott believes will reflect badly on the standing of Talcott or cause negative media attention on Talcott or its employees via acts or omissions arising from Provider's activities, whether or not related to Services to be performed under this Agreement;

&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)upon Provider's failure to perform the Transition Services under an SOW in accordance with the Transition Requirements, if Talcott determines that such failure causes or will likely cause a material disruption to, or otherwise has or will have a material adverse impact on, any operation, function or the business of Talcott or its Affiliates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)in the event Provider fails to meet or achieve a Critical Transition Milestone under any SOW or to timely provide a corrected Deliverable in accordance with the Transition Playbook, in each case as a result of Provider's actions that are not in compliance with this Agreement or the Transition Plan, or Provider's failure to act as required under this Agreement or the applicable Transition Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)if Talcott or any of its Affiliates are required (as determined by Talcott in its reasonable discretion) under Law to terminate, in whole or in part, any Services performed hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Talcott Right to Terminate for Breach of One or More SOWs or if No Services Are Being Provided</u>. Talcott shall have the right, but not the obligation, to terminate this Agreement (as a whole), any SOW and/or any SOWs for cause at any time if Talcott has terminated one or more other SOWs for cause. Talcott shall have the right, but not the obligation, to terminate this Agreement at any time if no Services are being provided by Provider under all Work Orders. Talcott shall exercise any of its foregoing termination rights by delivering to Provider written notice of such termination identifying the scope of the termination and the termination date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Termination for Damages Cap Exceeded</u>. Talcott shall have the right, but not the obligation, to terminate the Agreement, any SOW(s) or any Work Order(s) immediately in the event that Provider incurs damages of any type (including consequential and indirect damages) to Talcott in excess of 65% of the Provider Direct Damages Cap and Provider does not agree to reset to zero the Direct Damages counted toward the Provider Direct Damages Cap upon written request from Talcott to reset the Provider Direct Damages Cap.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)<u>Termination for Change of Control of Provider</u>. Provider shall give Talcott prompt written notice of any Change in Control and promptly provide information regarding the controlling party as is reasonably requested by Talcott. Talcott shall have the right, but not the obligation, to terminate this Agreement, one or more SOWs or one or more categories of Services under an SOW in the event of any Change of Control of Provider, at any time within 180 days of Talcott receipt of Provider's written notice of the Change of Control; provided the 180 days will be extended if Provider fails to provide reasonably requested information within 5 business days of such request, by the amount of such delay. Talcott shall exercise any of its foregoing termination rights by delivering to Provider written notice of such termination identifying the scope of the termination and the termination date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)<u>Failure to Maintain PCI DSS Compliance</u>. Upon written notice, if Provider fails to achieve or maintain PCI DSS compliance in accordance with Section 5.4 or to provide Talcott with validation of such compliance in accordance with Section 5.4, and is unable to cure such failure within ten business days after receipt of written notice thereof by Talcott to Provider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)<u>Provider Right to Terminate</u>. If Talcott does not pay material amounts not disputed in good faith under such SOW within 30 days of the date on which they are due, Provider shall provide Talcott with written notice of such past due amounts (the "Payment Default Notice") within twenty (20) days of the date on which such amounts were due. Thereafter, if Talcott does not pay or dispute such amounts in good faith within thirty (30) days after receive of the Payment Default Notice, Provider may send a written notice of its intent to terminate (the "Termination Notice") the Agreement unless Talcott cures the payment default within thirty (30) days. If Talcott does not cure the payment default within thirty (30) days after receiving the Termination Notice, Provider may terminate this Agreement for cause by providing written notice of termination to Talcott.

In the event of any termination by Talcott, Talcott notice to Provider shall specify the termination date (subject to the notice periods specified in this Section 19.1), and the Charges for the portion of the Services so terminated shall be removed from the applicable "Charges" <u>Schedule</u> to the affected SOW and any other terms shall be equitably adjusted to reflect the termination of such portion of the Services.

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**1.2Termination for Convenience**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Talcott Right to Terminate</u>. Talcott shall have the right to terminate any SOWs, Work Order(s) or this Agreement, or any part(s) thereof, for convenience at any time upon at least ninety (90) days prior written notice to Provider; provided that, if more than twenty-five (25) Provider Personnel are assigned to provide the Services to be so terminated, then such termination shall be upon at least one hundred and twenty (120) days prior written notice to Provider. A shorter notice period may be provided in an SOW.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Termination for Cause and Termination for Convenience</u>. If a purported termination for cause by Talcott under Section 19.1 is determined pursuant to ARTICLE 20 not to be a proper termination for cause, such termination shall be deemed a termination for convenience subject to this Section 19.2.

**1.3Termination for Insolvency**

Talcott shall have the right, but not the obligation, to terminate this Agreement and/or any SOW (s) without payment of any termination fees if Provider, or any Provider Affiliate or subcontractor performing a material portion of Services under any Work Order, (i) becomes insolvent or is unable to meet its debts as they mature; (ii) files a voluntary petition in bankruptcy or seeks reorganization or to effect a plan or other arrangement with creditors; (iii) files an answer or other pleading admitting, or fails to deny or contest, the material allegations of an involuntary petition filed against it pursuant to any applicable statute relating to bankruptcy, arrangement or reorganization; (iv) shall be adjudicated bankrupt or shall make an assignment for the benefit of its creditors generally; or (v) shall apply for, consent to, or acquiesce in the appointment of any receiver or trustee for all or a substantial part of its property, and any such receiver or trustee shall be appointed and shall not be discharged within thirty (30) days after the date of such appointment.

**1.4Termination for Force Majeure**

Talcott may in its sole discretion, for convenience but without any early termination fees, at any time prior to the date Provider corrects the problem causing the material, adverse impact or provides a temporary alternative reasonably acceptable to Talcott: (i) terminate the Agreement; or (ii) terminate the affected portion of the Services, in either case by providing Provider with written notice of termination and paying Provider (in accordance with Section 15.2), for any accrued fees for such portion of the affected Services pro-rated to the date of termination: (A) upon the occurrence of an event or circumstance, including a Force Majeure Event or a circumstance described in Section 3.11(b), which in Talcott reasonable judgment has or could be expected to have a material adverse effect on the ability of Provider or any Affiliate of Provider to perform any of its material obligations under this Agreement or an SOW that has or is likely to have a material adverse impact on the business and/or to the operational effectiveness of Talcott as it applies to the Services; or (B) in the event a portion of the Services, or Provider's performance of the Services, is delayed or interrupted because of a Force Majeure Event as described in Section 18.5 for a period of: (x) five (5) days or more, or (y) 48 hours or more in the case of a Force Majeure Event that impacts critical Services, and such delay or interruption materially adversely impacts Talcott business or Provider's ability to provide critical Services, or any material portion of the Services under any given Work Order, and Provider fails to provide a temporary alternative reasonably acceptable to Talcott. If Talcott terminates only the affected portion of the Services pursuant to clause (ii) above, and performs such services itself or contracts for an alternate provider to provide such services, upon Provider's request Talcott will transfer such services back to Provider; provided that Provider pays all costs (including fees imposed by the alternate provider) relating to such transfer.

**1.5Extension of Expiration or Termination Effective Date**

Talcott may, at its election, extend any expiration date or any termination date, regardless of the Party invoking the termination, specified pursuant to this ARTICLE 19 one or more times, provided that the total of all such extensions for a particular Service shall not exceed two (2) years and any such extension shall be for a period of at least ninety (90) days. In such event, the Services shall be provided pursuant to, and on the terms and conditions set forth in, this Agreement and each applicable SOW and Work Order. Talcott will pay Provider for all Services provided during any such extension at the rates charged immediately prior to the originally scheduled termination or expiration or such other rates mutually agreed upon by the Parties.

**1.6Effect of Termination**

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In no event shall Talcott be responsible for any termination charges. Termination of this Agreement or any SOW in whole or in part for any reason under this ARTICLE 19 shall not affect (i) any liabilities or obligations of either Party arising before such termination or out of the events causing such termination (such obligations include all Regulatory Assistance Services); or (ii) any damages or other remedies to which a Party may be entitled under this Agreement or any SOW , at law or in equity, arising from any breaches of such liabilities or obligations. Termination of the Agreement shall automatically terminate all SOWs then in effect. In the event of termination of the Agreement, in whole or in part, except as otherwise provided in an SOW, Talcott will pay for all Services rendered through the effective date of termination (including for work in progress) in accordance with the terms of this Agreement. Except as set forth in this Section 19.6 and 19.7(b), Talcott shall not be obligated to pay any Charges that would otherwise accrue and be payable by Talcott pursuant to the Agreement or any SOW after the effective date of the expiration or termination of the Agreement or any such SOW .

**1.7Termination/Expiration Assistance**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Defined; Term of Termination/Expiration Assistance</u>. Upon either Party's delivery to the other Party of any written notice of breach or termination or non-renewal of this Agreement or termination or non-renewal of any SOW , in whole or in part, including any breach by Talcott, Provider shall provide to Talcott or Talcott designee continued Services in accordance with this Agreement and the applicable SOW , including any services requested by Talcott necessary to facilitate the orderly transfer of the Services to Talcott or its designee, as agreed to in an amendment to the Agreement, SOW, as applicable (***"Termination/Expiration Assistance"***). Talcott may also request that Provider begin providing Termination/Expiration Assistance at any time within the twelve (12) month period prior to expiration of any SOW Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Charges; Term</u>. The Termination/Expiration Assistance described herein and in any SOW shall be provided to Talcott (except as may be set forth in each Work Order) (i) at the rates charged immediately prior to the termination or expiration of the applicable Work Order, or as otherwise agreed by the Parties, and (ii) for a period of time designated by Talcott, not to exceed twelve (12) months unless mutually agreed to by the Parties after the specified expiration or termination of this Agreement. The Term of this Agreement and the applicable SOW Term(s) shall be deemed extended during any such extension designated by Talcott, provided that rates will adjust for COLA to the extent expressly provided for in the applicable SOW.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>No Interruption of Services</u>. The Termination/Expiration Assistance shall be provided so as to ensure that any interruptions to the Services or other adverse effect to Talcott are, by mutual agreement, planned, minimal and controlled, and that the quality, promptness and level of the Services shall not be degraded during the Termination/Expiration Assistance Period other than as contemplated under the Turnover Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)<u>Services Included</u>. Termination/Expiration Assistance will include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;Within thirty (30) days after the commencement of the Termination/Expiration Assistance Period, once every six calendar month period (provided that at least four months separate each delivery of the plan), and within such other period reasonably elected by Talcott, Provider will provide a complete plan for operational turnover that enables a smooth transition of the Services performed by Provider under this Agreement to Talcott or a successor provider (such plan the ***"Turnover Plan"***). The Turnover Plan shall address transfer, at Talcott election, of assets used by the Provider primarily to perform the Services from Provider to Talcott, including Provider Software, Third Party Software, Equipment and Third-Party Contracts. Upon Talcott approval of the Turnover Plan, Provider will provide Termination/Expiration Assistance in accordance with such Turnover Plan. Provision of Termination/Expiration Assistance will not be complete until Talcott SOW Manager agrees that all tasks and Deliverables set forth in the Turnover Plan have been completed. Provider will promptly provide any information that is necessary to effectuate a smooth transfer of the functions performed by Provider under this Agreement to Talcott or a successor provider, including as necessary for Talcott to prepare a request for proposal; provided that no Provider Confidential Information shall be included in any such request for proposal. Provider will provide a detailed description of all Services performed by Provider, including a description of (A) staffing levels and Provider's structure/organization used to provide the Services; (B) a complete listing of all support and development tools used in performing the Services; and (C) Provider Personnel job descriptions and experience levels.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;Talcott or its designee shall be permitted to solicit and hire Provider employees, including those of any Provider Affiliate or subcontractor, that have been dedicated to, or have been

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performing, the Services, in accordance with and subject to Section **Error! Reference source not found.** below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)<u>Talcott Remedies for Breach or Threatened Breach of Provider's Obligation</u>. Provider acknowledges that, if it were to breach its obligation to provide Talcott with Termination/Expiration Assistance, Talcott would be irreparably harmed. In such circumstances, Talcott shall be entitled to proceed directly to a court of competent jurisdiction and obtain such injunctive, declaratory or other injunctive relief as may be reasonably necessary to prevent such breach, without the requirement of posting any bond and without any additional findings of irreparable injury or other conditions to injunctive relief.

**1.8Omitted.** 

**1.9Bid Assistance**

In the process of evaluating whether to undertake or allow termination/expiration or renewal of this Agreement or any SOW, Talcott may consider obtaining, or determine to obtain, offers for performance of services similar to the Services following termination/expiration of this Agreement. As and when reasonably requested by Talcott for use in such a process, Provider shall provide to Talcott such information and other cooperation regarding performance of the Services as would be reasonably necessary for a third party to prepare an informed, non-qualified offer for such services. The types of information and level of cooperation to be provided by Provider shall be no less than those initially provided by Talcott to Provider prior to commencement of this Agreement. Provider's support in this respect shall include providing information regarding Equipment, Software, staffing and other matters that Provider would otherwise provide as part of Termination/Expiration Assistance. Provider shall provide such reasonable support at no additional charge to the extent such support can be provided by Provider Personnel without materially affecting Provider's ability to meet the Service Levels. Any additional assistance shall be provided at the time and materials rates set forth in the applicable SOW or, if not set forth therein, at Talcott Rate.

**ARTICLE 20 - DISPUTE RESOLUTION**

**1.1General**

Any dispute, claim or controversy between the Parties arising out of or relating to this Agreement, including with respect to the validity, performance, interpretation or application of any provision of this Agreement or any SOW or the performance by Provider or Talcott of their respective obligations hereunder or thereunder (the ***"Dispute"***) shall be resolved as provided in this ARTICLE 20. A Dispute shall be deemed to commence as of the date a Party informs the other Party in writing of the existence of a Dispute (***"Dispute Commencement Date"***). Notwithstanding the informal dispute resolution procedures described in Section 20.2, for any Dispute that is not resolved within sixty (60) days from the Dispute Commencement Date, a Party may commence a suit before a court of competent jurisdiction in accordance with Section 20.4.

**1.2Informal Dispute Resolution**

The Parties shall first attempt to resolve their Dispute informally in the following manner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Either Party may submit the Dispute to the SOW Managers, which shall meet as often as the Parties reasonably deem necessary to gather and analyze any information relevant to the resolution of the Dispute. The SOW Managers shall negotiate in good faith in an effort to resolve the Dispute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)If the SOW Managers are unable to resolve the Dispute within fifteen (15) days, or otherwise determine in good faith that resolution through continued discussions by the SOW Managers does not appear likely, the matter shall be referred to the applicable Service Delivery Management Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)If the applicable Service Delivery Management Committee is unable to resolve the Dispute within thirty (30) days, or otherwise determines in good faith that resolution through continued discussions by the applicable Service Delivery Management Committee does not appear likely, the matter shall be referred to the applicable Steering Committee to negotiate a resolution of the Dispute.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)During the course of negotiations, all reasonable requests made by one Party to the other for non-privileged information, reasonably related to the Dispute, shall be honored in order that each of the Parties may be fully advised of the other's position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The specific format for the discussions shall be determined at the discretion of the SOW Managers, the applicable Service Delivery Management Committee or the applicable Steering Committee but may include the preparation of agreed upon statements of fact or written statements of position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Proposals made during the informal proceedings described in this ARTICLE 20 between the Parties shall be privileged, confidential and without prejudice to a Party's legal position in any formal proceedings. All such proposals and information, as well as any conduct during such proceedings, shall be considered settlement discussions and proposals, and shall be inadmissible in any subsequent proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)The foregoing shall not prohibit either Party from applying to a court or other tribunal having jurisdiction to: (a) seek provisional or temporary injunctive relief in response to an actual or impending breach of the Agreement or otherwise so as to avoid irreparable damage or maintain the status quo, until the Dispute is otherwise resolved; (b) take any other action to resolve the Dispute, whether or not permitted by or in conflict with the Dispute resolution process in this Section 20.2, if the action is specifically agreed to in writing by the parties; (c) avoid the expiration of any applicable limitations period; or (d) to preserve a superior position with respect to other creditors.

**1.3Applicable Law**

All questions concerning the validity, interpretation and performance of this Agreement and any SOW shall be governed exclusively by and construed in accordance with the laws of the State of Connecticut without regard to any conflicts of laws and principles thereof.

**1.4Jurisdiction and Venue**

With respect to all matters arising out of or relating to this Agreement not resolved pursuant Section 20.2, the Parties hereby submit and consent to the exclusive jurisdiction of any state or federal court located within Hartford County, Connecticut, and agree that all actions or proceedings relating to this Agreement and any SOW shall be litigated in such courts, and each of the Parties waives any objection which it may have based on improper venue or forum *non conveniens* to the conduct of any such action or proceeding in such court.

**1.5Equitable Remedies**

Notwithstanding anything to the contrary in this Agreement, (i) Talcott shall be entitled to seek preliminary or final injunctive relief in any court of competent jurisdiction located in a state or federal court located in the State of Connecticut, United States of America, County of Hartford, or any other jurisdiction throughout the world as Talcott may elect in its sole discretion, and (ii) Provider shall be entitled to seek injunctive relief (to the extent permitted under the Agreement) solely in a court of competent jurisdiction located in a state or federal court located in the State of Connecticut, United States of America, County of Hartford. Each of the Parties waives any objection that it may have based on improper venue or forum *non conveniens* to the conduct of any such action or proceeding in such court.

**1.6Continuity of Services**

Provider acknowledges that the performance of its obligations, including without limitation the Services, pursuant to this Agreement is critical to the business and operations of Talcott. Accordingly, in the event of a Dispute between Talcott and Provider, Provider shall continue to perform its obligations, including without limitation the Services, under this Agreement in good faith during the resolution of such Dispute unless and until this Agreement is terminated in accordance with the provisions hereof.

**ARTICLE 21 - MISCELLANEOUS**

**1.1Interpretation**

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)In this Agreement and in any SOW, words importing the singular number include the plural and vice versa and words importing gender include all genders. The word **"person"** includes, subject to the context in which it appears, an individual, partnership, association, corporation, trustee, executor, administrator or legal representative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The division of this Agreement, any Exhibits and any SOW into Articles, Sections, subsections, clauses, paragraphs and the insertion of any captions or headings are for convenience of reference only and shall not affect its construction or interpretation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)In this Agreement and in any SOW, unless otherwise specifically provided:

&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)In the computation of a period of time from a specified date to a later specified date, the word **"from"** means **"from and including"** and the words **"to"** and **"until"** each mean **"to but excluding."**

&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)Each reference to a specific article, section, subsection, clause, paragraph, exhibit, schedule or other subdivision shall be construed as a reference to that specified article, section, subsection, exhibit, schedule or other subdivision of this Agreement or the applicable SOW, unless the context otherwise requires.

&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)The word **"dollar"** and the symbol **"$"** refer to United States dollars.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)References to **"days"** means calendar days unless **"business days"** are specified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)The term **"including"** means **"including, without limitation,"** or **"including, but not limited to"**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)References to a specific Law shall also refer to any amendments, modifications or replacements of such Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The Parties are sophisticated and have been represented by counsel during the negotiation of this Agreement and each SOW and Work Order. As a result, the Parties believe the presumption of any laws or rules relating to the interpretation of contracts against the drafter thereof should not apply, and hereby waive any such presumption.

**1.2Records Retention Period**

Provider shall, as required in Section 12.1, retain all records, other than records supporting any amount invoiced to Talcott by Provider while the relevant SOW remains in effect, according to Talcott records retention policy in effect at the time the record is created. The following is a list of various document types and the applicable record retention period as of the Effective Date. Notwithstanding

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Section 12.1, for the categories of documents set forth below, the records shall be maintained for no less than the applicable record retention periods set forth below.

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| | |
|:---|:---|
| **Record** | **Record Retention Period** |
| Monthly Process Audit reports | 3 years from the date the report is created. |
| Turnover Report | 3 years from the date the report is created |
| Floor Access Log | 3-year retention period |
| All Documents relating to the Provider's Employment of Employees assigned in connection with Talcott SOWs (i.e. letters of reference from prior employer; copies of educational certificates) | Active records plus 10 years. ACT is equal to the period the employee remains employed by the Provider. The Retention period begins when the employee resigns or is terminated |
| Employment Contracts | Active records plus 15 years. ACT is equal to the period the employee remains employed by the Provider. The retention period begins when the employee resigns or is terminated |
| Training and Development Materials | Active records plus 10 years. ACT is equal to the life of the training program. The retention period begins when the program is superseded or is no longer in effect. |
| Training Attendance and Certification | Active records plus 10 years. ACT is equal to the period the employee remains employed by Provider. The retention period begins when the employee resigns or is terminated. |
| Business Continuity Plans | Active records plus 10 years. ACT is equal to the life of the plan. The retention period begins when the plan has been superseded |

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Provider shall retain all records specific to Talcott on Talcott network. If Provider is unable to retain records on Provider premises, Provider may request Talcott to store records for the balance of the retention period Provider agrees to provide records to Talcott in a digitized, Talcott approved format and immediately destroy all copies of records provided to Talcott upon Talcott request.

**1.3Binding Nature and Assignment**

Neither Party may assign, voluntarily or by operation of law, any of its rights or obligations under this Agreement without the prior written consent of the other Party and any such assignment not so approved shall be null and void; provided, that (i) Talcott may at all times assign its rights and obligations under this Agreement or any SOW to any Talcott Affiliate or any successor-in-interest to Talcott (by merger, operation of law or otherwise) without the prior written consent of the Provider; and (ii) nothing herein is intended to prohibit Exela from assigning any accounts receivable hereunder. The Parties understand and agree that the other Party's consent to any assignment (other than as provided above) may be conditioned upon the proposed assignee's agreeing in writing to be bound by all the terms and conditions of this Agreement. Subject to the foregoing, this Agreement and each SOW and SOW shall be binding on the Parties and their respective successors and assigns. This Section 21.3 shall not affect Talcott right to terminate for Provider's Change of Control as set forth in Section 19.1(d).

**1.4Amendment and Waiver**

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No supplement, modification, amendment or waiver of this Agreement, any SOW shall be binding unless executed in writing by the Party against whom enforcement of such supplement, modification, amendment or waiver is sought. No waiver of any of the provisions of this Agreement, any SOW shall constitute a waiver of any other provision (whether or not similar) nor shall such waiver constitute a continuing waiver unless otherwise expressly provided.

**1.5Further Assurances; Consents and Approvals**

Each Party shall provide such further documents or instruments required by the other Party as may be reasonably necessary or desirable to give effect to this Agreement and to carry out its provisions. Whenever this Agreement or any SOW requires or contemplates any action, consent or approval, such Party shall act reasonably and in good faith and (unless the Agreement expressly allows exercise of a Party's sole discretion) shall not unreasonably withhold or delay such action, consent or approval. No consent on behalf of either Party shall be binding on such Party unless granted in writing by such Party's SOW Manager or otherwise in accordance with Section 8.1 (with respect to Service Levels and descriptions or modifications of Services) or an officer of such Party (with respect to all other matters).

**1.6Prohibited Interests**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)No principal, officer, shareholder, family member, employee, agent or consultant of Provider or its subcontractor who, on behalf of Provider, negotiates, makes, accepts, or approves or takes part in negotiating, making, accepting, or approving any approved subcontractor or any approved subcontract or other agreement entered into by Provider in connection with the Services, shall be or become directly or indirectly interested personally in the subcontractor or any subcontract or such other agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Neither Provider, nor its subcontractors, or its or their principals, agents, employees, or contractors will accept, in connection with the performance of the Services to be performed by Provider hereunder, any fee, compensation, remuneration or reimbursement of any kind, direct or indirect, actual or promised, from any entity or person other than Talcott or Talcott Affiliates. Any such acceptance by Provider (or its subcontractors or its or their principals, agents, employees, contractors, or subcontractors) of any such fee, compensation, remuneration or reimbursement shall constitute a breach and shall, in addition to any remedy set forth herein or available at law or in equity, allow Talcott to terminate this Agreement immediately upon notice and to recover in addition to any other damages which Talcott may otherwise be entitled, the full amount of such fee, compensation, remuneration or reimbursement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Provider represents and warrants that (i) it has not violated and will not violate any Talcott policies of which Provider has been or may be given notice regarding the offering of inducements, gift or gratuities in connection with this Agreement; (ii) it has disclosed to Talcott any relations it has with third parties which could jeopardize its ability to provide its services to Talcott fully and on a timely basis; (iii) no officer, director or employee, or any member of his or her immediate family, has or will have, any financial interest in any service provider engaged by Talcott pursuant to Provider's recommendation; and (iv) it will not, without Talcott prior written consent, accept any rebate, commission or other consideration related to the Services from any third party without passing along the full benefit of any such rebate, commission or consideration to Talcott.

**1.7Publicity**

Provider agrees that it will not directly or indirectly (except as required by law, provided Provider contacted Talcott's Corporate Relations Department as soon as possible upon receipt of such request or Provider's decision to make such disclosure, but in all events prior to any such disclosure, and Provider cooperates with Talcott to satisfy any concerns of Talcott with respect to such disclosure) without the prior written consent of Talcott Corporate Relations Department, issue a press release related to Talcott or any Talcott Affiliate or use for the purposes of advertising, promotion, or publicity, or otherwise, the name of Talcott or any of its divisions, subsidiaries or Talcott Affiliates, or any trademarks, trade names, service marks, symbols or any abbreviation thereof, of customer or of any of its divisions, subsidiaries or Talcott Affiliates.

**1.8Severability**

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Any provision in this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability but shall be valid and enforceable to the fullest extent permitted by law. Moreover, if one or more of the provisions contained in this Agreement shall for any reason be held to be unenforceable at law, such provision or provisions shall be construed by the appropriate arbitral or judicial body by limiting and reducing it or them, so as to be enforceable to the maximum extent compatible with applicable law and without invalidating the remaining provisions or affecting the validity or enforceability of such provision in any other jurisdiction.

**1.9Bankruptcy Code Section 365(n)**

All rights and licenses granted under or pursuant to this Agreement by Provider to Talcott are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code (the ***"Code"***), licenses to rights to **"intellectual property"** as defined under the Code. The Parties agree that Talcott, as licensee of such rights under this Agreement, shall retain and may fully exercise all of its rights and elections under the Code. The Parties further agree that, in the event of the commencement of any bankruptcy proceeding by or against Provider under the Code, Talcott shall be entitled to retain all of its rights under this Agreement.

**1.10Entire Agreement**

This Agreement, the Exhibits and the Addendum attached hereto constitute the entire agreement between the Parties pertaining to the subject matter hereof and supersede all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written, of the Parties pertaining to the subject matter hereof.

**1.11Notices**

Any notice, demand or other communication required or permitted to be given under this Agreement or any SOW shall be in writing and shall be deemed delivered to a Party (i) when delivered by hand or courier; or (ii) upon delivery if mailed by United States certified mail, return receipt requested, postage prepaid, in each case to the address of such Party set forth below (or at such other address as the Party may from time to specify by notice delivered in the foregoing manner):

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| | |
|:---|:---|
| If to Provider, to: | Regulus Group, LLC<br>Attention: General Counsel<br>2701 East Grauwyler<br>Irving, TX 75061  |
| with an additional copy to: | As set forth in the applicable SOW. |
| If to Talcott, to: | Talcott Resolution Life Insurance Company<br>One Griffin Road North<br>Windsor, CT 06095<br>Attn.: Vice President, Procurement |
| with a copy to: | Talcott Resolution Life Insurance Company<br>One Griffin Road North<br>Windsor, CT 06095<br>Attn.: General Counsel |
| with an additional copy to: | As set forth in the applicable SOW. |

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**1.12Survival**

The following Sections shall survive the expiration or termination of this Agreement for any reason: Section 2.5; Section 3.7; Section 3.10(c); Section 3.12; Section 4.3; Section 7.1(a); Section 7.2; Section 7.3(b); Section 7.6; ARTICLE 9; ARTICLE 10; Section 11.1; Section 11.2; Section 11.3; Section 12.1 Section 12.2; Section 12.3; Section 13.1, Section 14.2; Section 14.3; ARTICLE 15; ARTICLE 16;

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ARTICLE 17; ARTICLE 18; Section 19.2; Section 19.5; Section 19.6; Section 19.7; Section 19.8; Section 19.9; ARTICLE 20; and ARTICLE 21.

**1.13Independent Contractors**

Provider shall perform its obligations under this Agreement and all SOWs as an independent contractor of Talcott. Nothing herein shall be deemed to constitute Provider and Talcott as partners, joint venturers, or principal and agent. Provider has no authority to represent Talcott as to any matters, except as expressly authorized in this Agreement or in a Work Order. Talcott shall have no liability for the acts or omissions of Provider Personnel or subcontractors.

**1.14Third Party Beneficiaries**

Except for the license grants, indemnification obligations and as otherwise specified in this Agreement, nothing in this Agreement or in any Work Order, express or implied, is intended to confer any rights, benefits, remedies, obligations or liabilities on any person (including any employees of the Parties) other than the Parties or their respective successors or permitted assigns; provided, however, that Talcott Affiliates receiving Services pursuant to an SOW executed by such party hereunder shall be considered third party beneficiaries of this Agreement and shall be entitled to seek to enforce the terms and conditions of this Agreement directly on their own behalf; provided further, however, such Talcott Affiliates may only seek to enforce the terms and conditions of this Agreement (including any claims for indemnification) directly on their own behalf if Talcott is not otherwise already seeking to enforce such Talcott Affiliates' rights under this Agreement (i.e., Provider shall not be subject to two separate actions from Talcott and another from Talcott Affiliate for the same cause of action).

**1.15Counterparts**

This Agreement and each SOW may be executed in one or more counterparts, each of which shall be deemed an original but all of which taken together shall constitute one and the same instrument.

**[SIGNATURE PAGE FOLLOWS]**

Talcott Confidential/Proprietary Materials

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**IN WITNESS WHEREOF**, the Parties have executed this Agreement as of the day and year first above written.

**TALCOTT RESOLUTION LIFE INSURANCE COMPANY**

<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:&nbsp;&nbsp;&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

Title:&nbsp;&nbsp;&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

**REGULUS GROUP, LLC**

<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:&nbsp;&nbsp;&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

Title:&nbsp;&nbsp;&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

Talcott Confidential/Proprietary Materials

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**<u>EXHIBIT 1</u>**

**REQUIREMENTS FOR PROVIDER'S BUSINESS RECOVERY PLANS**

Provider shall maintain the appropriate business continuity plan(s) for the Services under this Agreement and associated contracts in order to meet the recovery time objectives set forth by Talcott. Said plans shall contain the appropriate level of detail, address various impact scenarios and allow for the recovery of Provider's operation to include but not limited to personnel, data, infrastructure and telecommunications. Furthermore, Provider shall maintain sufficient geographically dispersed resources (staff, equipment, facilities, data, technology) in support of achieving recovery of Services in accordance with objectives established by Talcott and compliance with applicable regulations for regulated Services.

Talcott reserves the right to no more frequent than once per annum obtain a copy of Provider's business continuity plan relevant to the Services under this Agreement as evidence and in order to perform due diligence for compliance with the requirements contained herein. Provider will upon reasonable request by Talcott complete a self-assessment questionnaire of its business continuity capabilities and/or allow for an onsite audit for the purposes of Talcott or an Auditor conducting its due diligence to verify accuracy and compliance with requirements under this Agreement, in accordance with the terms of Section 12.1(b) of the Master Agreement.

Interdependencies and dependencies with Provider's subcontractors shall be accounted for in Provider's business continuity plans as applicable. Provider shall maintain a process for assessing the business continuity capabilities of its subcontractors, and Provider shall be fully responsible for ensuring that the business continuity capabilities of, and the requirements imposed on, its subcontractors performing any part of Services for Talcott under this Agreement are consistent with the business continuity requirements set forth in the Agreement and this Exhibit 1.

Provider shall review and update its business continuity plans as needed to ensure they remain current and adequate for their operations, but no less frequently than annually.

Each SOW and SOW shall specify the discrete categories of Services, the associated criticality level and corresponding recovery objectives established by Talcott and the Provider's recovery capability for each. Where multiple Services exist or are added under a particular SOW with varying criticality ratings, the higher criticality rating with the most stringent recovery requirements shall prevail. Provider's then current business continuity plans will be provided to Talcott upon request. As part of the Disaster Recovery Services, Provider shall update its business continuity plans subject to and in accordance with the Master Agreement and such updates shall be documented in accordance with the Change Control Procedures.

Provider shall reasonably monitor and promptly disclose to Talcott, to the extent it is aware or reasonably should have been aware of any event or circumstances for which it is not adequately prepared. Provider's alignment or certification to an industry code of practice or published standard shall not substitute for adherence to the requirements outlined in the Agreement.

Exhibit 1-1

Talcott Confidential/Proprietary Materials

206624654_1 LAW

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**<u>EXHIBIT 2</u>**

**ENTERPRISE GOVERNANCE**

**1.&nbsp;&nbsp;&nbsp;&nbsp;INTRODUCTION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The purpose of this Exhibit is to ensure the Parties' alignment with each other's business objectives and to facilitate the establishment and maintenance of an effective and efficient working relationship over time. This Exhibit describes the Strategic Business Review (as defined in Section 2.2 below) that will serve as the primary forum for bringing the two Parties together to address enterprise level issues. The Parties agree that they shall participate in the Strategic Business Review in accordance with this Exhibit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;The Parties acknowledge and agree that the enterprise governance structure described in this Exhibit is dynamic and may change or be supplemented over time. This Exhibit will be reviewed annually by the Strategic Business Review and amended if necessary to address material changes in Talcott business (e.g., business line reorganizations, divestitures, acquisitions or changes in geographic markets). This initial view of the enterprise governance, and any subsequent modifications thereto, has been and shall be designed to ensure that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;a forum for cooperative and proactive management of the overall relationship is maintained so that Talcott business objectives are consistently achieved;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;both Talcott and Provider participate in a joint forum for sharing each Parties' business requirements, strategy and direction; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;in coordination with the appropriate governance committees specified in each SOW, potential problems and issues (including Disputes) are identified early and addressed promptly in a co-operative manner.

**2.&nbsp;&nbsp;&nbsp;&nbsp;GOVERNANCE**

**2.1&nbsp;&nbsp;&nbsp;&nbsp;Organizational Structure**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The enterprise governance structure will function as the primary strategic interface between Talcott and Provider for ensuring the alignment of the relationship over time. Rather than a decision making body, the intent is to create an open forum for exchanging thoughts, ideas, and suggestions that may be mutually beneficial to both Parties throughout the life of the Agreement, with the Parties' understanding that all decisions relating to Talcott strategic initiatives shall be determined by Talcott in its sole reasonable discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;Enterprise governance will be augmented by the governance structures specified in each SOW. The SOW governance structures will be focused on addressing issues that are specific to the services delivered for the applicable SOW and do not require enterprise coordination, although the Strategic Business Review may provide guidance on such service delivery issues.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;Attendance at the meetings described in this Exhibit shall be in person, but if not practical, then by video conference or voice teleconference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Each Party shall designate a representative to co-chair the Strategic Business Review. The Provider co-chair and each other candidate submitted by Provider to be a member of the Strategic Business Review shall be subject to the approval of Talcott, which shall not be unreasonably withheld.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;The co-chairs of the Strategic Business Review shall be responsible for directing the meetings of the committee, setting the agenda for such meetings, assigning follow-up items from such meetings, scheduling meetings of such committee, ensuring that pre-emails and reminders for such meetings are properly prepared and distributed sufficiently in advance of such meetings, and ensuring that minutes for such meetings are recorded and disseminated electronically to the appropriate persons and to all meeting participants promptly after the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Each member of the Strategic Business Review shall make all reasonable efforts to attend each meeting. If such person is not able to attend a meeting, he/she shall send a delegate in his/her

Exhibit 2-1

Talcott Confidential/Proprietary Materials

206624654_1 LAW

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place who is properly briefed and prepared and shall follow up with such delegate after the meeting. Any such replacement of a Provider member must be reasonably acceptable to Talcott.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;&nbsp;In the event that Provider wishes to change the positions or committee members identified herein to represent it on the Strategic Business Review, any such proposed change shall be subject to the prior approval of Talcott, which shall not be unreasonably withheld.

**2.2&nbsp;&nbsp;&nbsp;&nbsp;Strategic Business Review**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The Parties shall form a committee which shall be composed of senior leadership executives from Talcott and Provider (the "Strategic Business Review"). The composition of the Strategic Business Review shall be determined prior to the execution of the first SOW under the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;The Strategic Business Review shall meet at least two (2) times per year; provided, however, either Party may, by providing written notice to the other Party of at least fifteen (15) business days, convene a special session of the Strategic Business Review as necessary, including to address the impact of and provide guidance and suggestions on a pending Dispute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;The primary topics which the Strategic Business Review will address include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;Sharing of each Party's enterprise direction and strategies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;Discussing market/industry trends as each Party deems pertinent to their overall relationship;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;Discussing potential strategies to address areas of Talcott future service needs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;Discussing Provider capabilities that could potentially address a current or future strategic need of Talcott;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;&nbsp;&nbsp;&nbsp;Identifying opportunities to expand the current relationship;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6)&nbsp;&nbsp;&nbsp;&nbsp;Establishing long-term relationship goals and objectives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7)&nbsp;&nbsp;&nbsp;&nbsp;Addressing issues within the current relationship at an enterprise level;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8)&nbsp;&nbsp;&nbsp;&nbsp;Discussing enterprise issues escalated from SOW-specific governance structures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9)&nbsp;&nbsp;&nbsp;&nbsp;Discussing SOW-specific issues as identified by either Party's applicable SOW representatives;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10)&nbsp;&nbsp;&nbsp;&nbsp;Addressing relationship impacts resulting from decisions made within an SOW-specific governance structure; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11)&nbsp;&nbsp;&nbsp;&nbsp;Reviewing overall performance summaries of Provider across the relationship.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Additional topics may be brought forth by either Party as is appropriate for the Strategic Business Review to address.

**2.3&nbsp;&nbsp;&nbsp;&nbsp;Enterprise Joint Operating Committee**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;The Parties shall form a committee which shall be composed of the following representatives from Talcott and Provider (the "Enterprise Joint Operating Committee" or "Enterprise JOC"):

<u>Talcott:</u> Talcott supplier managers, business/contract owners, TIP Management, Corporate Security Management, Investigative Services Management, Procurement Management, Finance Management, CTO Supplier Management, Business Resiliency Management

<u>Provider</u>: key account client manager and operations managers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;The Enterprise Joint Operating Committee shall meet on a monthly basis; provided, however, either Party may, by providing written notice to the other Party of at least fifteen (15) business days,

Exhibit 2-2

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206624654_1 LAW

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convene a special session of the Enterprise Joint Operating Committee as necessary, including to address the impact of and provide guidance and suggestions on a pending Dispute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;The primary objectives of the Enterprise Joint Operating Committee are to increase Provider awareness of and compliance with Talcott policies and operating principles. The topics which the Enterprise Joint Operating Committee will address include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Cross section of Talcott policies to increase supplier awareness and drive a reduction of incidents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Talcott policies pertaining to the use of customer data, physical security and campus guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)Operational policies to include onboarding/offboarding; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)Special deployment activities impacting Provider.

**2.4**&nbsp;&nbsp;&nbsp;&nbsp;Surveys. Talcott Enterprise Supplier Governance will centrally manage and administer all customer satisfaction surveys (consistent with Section 4.8 of the Master Agreement) and all supplier satisfaction surveys.

Exhibit 2-3

Talcott Confidential/Proprietary Materials

206624654_1 LAW

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**<u>EXHIBIT 3</u>**

**FORM OF CHANGE ORDER**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Talcott – Change Order Form** | **Talcott – Change Order Form** | **Talcott – Change Order Form** | **Talcott – Change Order Form** | **Talcott – Change Order Form** |
| **Vendor Name** | **Xxxxxx** | &nbsp;&nbsp;&nbsp;&nbsp;**PM/Org** | **Xxxxxx** | **Xxxxxx** |
| **Project Name** | Xxxxxx | **Change #** | **MM/DD/YYYY** | **MM/DD/YYYY** |
| **Original Vendor End Date** | MM/DD/YYYY | **Est. Revised Vendor End Date** | MM/DD/YYYY | MM/DD/YYYY |
| **Change Title** | Descriptive Title | Descriptive Title | Descriptive Title | Descriptive Title |
| **Contract Reference** | If approved, this Change of Scope modifies the **STATEMENT OF WORK** between Talcott and Vendor dated MM/DD/YYYY and is incorporated into the **AGREEMENT** dated MM/DD/YYYY. | If approved, this Change of Scope modifies the **STATEMENT OF WORK** between Talcott and Vendor dated MM/DD/YYYY and is incorporated into the **AGREEMENT** dated MM/DD/YYYY. | If approved, this Change of Scope modifies the **STATEMENT OF WORK** between Talcott and Vendor dated MM/DD/YYYY and is incorporated into the **AGREEMENT** dated MM/DD/YYYY. | If approved, this Change of Scope modifies the **STATEMENT OF WORK** between Talcott and Vendor dated MM/DD/YYYY and is incorporated into the **AGREEMENT** dated MM/DD/YYYY. |
| **Describe Change in Scope:** *Please provide an Executive Level Summary and detail around the specific scope change. Attach additional pages if needed.* | **Describe Change in Scope:** *Please provide an Executive Level Summary and detail around the specific scope change. Attach additional pages if needed.* | **Describe Change in Scope:** *Please provide an Executive Level Summary and detail around the specific scope change. Attach additional pages if needed.* | **Describe Change in Scope:** *Please provide an Executive Level Summary and detail around the specific scope change. Attach additional pages if needed.* | **Describe Change in Scope:** *Please provide an Executive Level Summary and detail around the specific scope change. Attach additional pages if needed.* |
| **Describe Change in Deliverables:** *Please provide an Executive Level Summary and detail around the specific deliverable change. Attach additional pages if needed.* | **Describe Change in Deliverables:** *Please provide an Executive Level Summary and detail around the specific deliverable change. Attach additional pages if needed.* | **Describe Change in Deliverables:** *Please provide an Executive Level Summary and detail around the specific deliverable change. Attach additional pages if needed.* | **Describe Change in Deliverables:** *Please provide an Executive Level Summary and detail around the specific deliverable change. Attach additional pages if needed.* | **Describe Change in Deliverables:** *Please provide an Executive Level Summary and detail around the specific deliverable change. Attach additional pages if needed.* |
| **Outline Acceptance Criteria:** *Please work with Procurement to review the SOW Acceptance Criteria and determine which terms should apply. Attach additional pages if needed.* | **Outline Acceptance Criteria:** *Please work with Procurement to review the SOW Acceptance Criteria and determine which terms should apply. Attach additional pages if needed.* | **Outline Acceptance Criteria:** *Please work with Procurement to review the SOW Acceptance Criteria and determine which terms should apply. Attach additional pages if needed.* | **Outline Acceptance Criteria:** *Please work with Procurement to review the SOW Acceptance Criteria and determine which terms should apply. Attach additional pages if needed.* | **Outline Acceptance Criteria:** *Please work with Procurement to review the SOW Acceptance Criteria and determine which terms should apply. Attach additional pages if needed.* |
| **Financial Impact and Review:** | **Financial Impact and Review:** | **Financial Impact and Review:** | **Financial Impact and Review:** | **Financial Impact and Review:** |
| *Provide detail below if there is a change in Vendor resources, change in Vendor fees/expenses, or if there is an extension of Time and Materials (T&M) resources (add additional lines as needed).* | *Provide detail below if there is a change in Vendor resources, change in Vendor fees/expenses, or if there is an extension of Time and Materials (T&M) resources (add additional lines as needed).* | *Provide detail below if there is a change in Vendor resources, change in Vendor fees/expenses, or if there is an extension of Time and Materials (T&M) resources (add additional lines as needed).* | *Provide detail below if there is a change in Vendor resources, change in Vendor fees/expenses, or if there is an extension of Time and Materials (T&M) resources (add additional lines as needed).* | *Provide detail below if there is a change in Vendor resources, change in Vendor fees/expenses, or if there is an extension of Time and Materials (T&M) resources (add additional lines as needed).* |
| **Vendor Roles** | **x Hourly Rate** | **#VALUE!** | **Est. Incremental Expenses** | **Total** <br>(Services & Exp) |

---

Exhibit 3-1

Talcott Confidential/Proprietary Materials

206624654_1 LAW

------

---

| | |
|:---|:---|
| | **Tax** (to be completed by Controller)  |
| | **Approved Total for this Change Order** |
| | **Total Dollars for Previously Approved Change Orders (Cumulative)** |
| | **Original Commitment Approval Dollar Amount** |
| **% Increase to Outside Services Budget** | **Grand Total** |
| ☐ Sufficient funds remain on the previously approved Requisition dated: MM/DD/YYYY <br>☐ New Commitment Approval Services Requisition  | ☐ Sufficient funds remain on the previously approved Requisition dated: MM/DD/YYYY <br>☐ New Commitment Approval Services Requisition  |

---

Exhibit 3-2

Talcott Confidential/Proprietary Materials

206624654_1 LAW

------

---

| | | |
|:---|:---|:---|
| **Change has been reviewed and either approved or rejected** | **Change has been reviewed and either approved or rejected** | **Change has been reviewed and either approved or rejected** |
| **☐ Approved** <br>**☐ Rejected** | **Talcott Corporate Procurement Department**:<br>**By**: __________________________________________________________________________<br>**Name/Title**: ___________________________________________________________________ | **Date:** <br>MM/DD/YYYY |
| **Vendor Approval:** | **Vendor Authorized signature / name / title:**<br>______________________________________________________________________________ | **Date:** <br>MM/DD/YYYY |
| **Reason for Rejection/Deferment:** | **Reason for Rejection/Deferment:** | **Reason for Rejection/Deferment:** |

---

Exhibit 3-3

Talcott Confidential/Proprietary Materials

206624654_1 LAW

------

**<u>EXHIBIT 4</u>**

**NON-DISCLOSURE AGREEMENT DATED AUGUST 24, 2020**

![image_1.jpg](image_1.jpg)

Exhibit 4-1

Talcott Confidential/Proprietary Materials

206624654_1 LAW

------

![image_2.jpg](image_2.jpg)

Exhibit 4-2

Talcott Confidential/Proprietary Materials

206624654_1 LAW

------

![image_3.jpg](image_3.jpg)

Exhibit 4-3

Talcott Confidential/Proprietary Materials

206624654_1 LAW

------

**<u>EXHIBIT 5</u>**

**INSURANCE REQUIREMENTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.&nbsp;&nbsp;&nbsp;&nbsp;REQUIRED INSURANCE COVERAGES**. Provider shall obtain from an insurance company or companies having a Best's Financial Performance Rating (***"FPR"***) of A- and a minimum Financial Size Category (***"FSC"***) of VIII or higher (if FPR is A/A-, then FSC must be IX or higher) and maintain in force during the Term, and for three (3) years subsequent thereto the following insurance coverages in a least the amounts indicated:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1<u>Workers Compensation</u>. Workers' compensation and employer's liability insurance sufficient to meet statutory liability limits in the state wherein the work is to be performed and with employers' liability minimum limits of $1,000,000 for each employee for bodily injury by accident and $1,000,000 for each employee for bodily injury by disease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2<u>Commercial General Liability</u>. Commercial General Liability alone or in combination with, Commercial Umbrella insurance (***"Occurrence"*** coverage) in the following minimum amounts:

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| | |
|:---|:---|
| General Aggregate: | $5000000 |
| Products/Completed Operations Aggregate: | $5000000 |
| Premises, operations, independent contractors: | $5000000 |
| Each Occurrence: | $5000000 |
| Personal and Advertising Injury: | $5000000 |
| Medical Expense: | Minimum of $5,000 per Occurrence |
| Fire Expense: | Minimum of $100,000 per Occurrence |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3<u>Business Automobile Liability</u>. Business Automobile Liability insurance alone or in combination with Commercial Umbrella insurance covering any auto (including owned, hired and non-owned autos, with a limit of not less than $2,000,000 each accident

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4<u>Professional (Errors and Omissions)</u>. Professional (Errors and Omissions) liability coverage including Electronic Media Liability with a minimum combined single limit of $15,000,000 per claim and in the aggregate against all loss sustained because of liability for any error or omission including damages arising out of libel, slander or other forms of defamation; invasion or infringement of the right of privacy, occupancy, infringement of copyright, title or slogan, plagiarism, piracy or misappropriation of ideas under implied contract, committed or alleged to have been committed in gathering or publishing material through electronic media activities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.&nbsp;&nbsp;&nbsp;&nbsp;TALCOTT AS ADDITIONAL INSURED**. Provider will name Talcott, including its Affiliates, directors, officers and employees as an additional insured on the Provider's Commercial General Liability policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.&nbsp;&nbsp;&nbsp;&nbsp;ADDITIONAL TERMS**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1&nbsp;&nbsp;&nbsp;&nbsp;<u>Deductibles, Co-Payments and Other Liabilities</u>. Provider shall be liable for all deductibles, co-payments, and other liabilities relating to insurance coverages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2&nbsp;&nbsp;&nbsp;&nbsp;<u>Certificates and Notification</u>. Prior to commencing the Services and annually thereafter, Provider shall provide Talcott with a certificate or Certificates of Insurance evidencing that the above noted insurance requirements have been satisfied. Talcott shall receive thirty (30) days advance notice of any cancellation of coverage from the Provider. Failure to maintain such insurance or provide certificates of insurance as required above shall not relieve Provider of any and all liability.

Exhibit 5-1

Talcott Confidential/Proprietary Materials

206624654_1 LAW

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**<u>EXHIBIT 6</u>**

**BACKGROUND CHECK STANDARDS AND ACCESS TO TALCOTT WORK-SITES**

**1.&nbsp;&nbsp;&nbsp;&nbsp;<u>BACKGROUND CHECK STANDARDS</u>**

In accordance with applicable Talcott Policies and the Federal Violent Crime Control and Law Enforcement Act of 1994 (VCCLEA), no Provider Personnel providing Services under this Agreement shall have been convicted of: (i) a felony; or (ii) a misdemeanor involving violence, sexual misconduct, or dishonesty.

&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.<u>For Each U.S. Citizen</u>

&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;A.Criminal background check covering all states of residence for a ten-year period or (b) for as long as the state law allows, prior to the start date of each Provider Personnel.

&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;B.Motor vehicle check covering all states of residence for the ten-year period, prior to the start date of each Provider Personnel, if Provider Personnel will have access to Talcott vehicles.

&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;C.Employment verification for five years.

&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.Educational credentials verification.

&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.<u>For Each Non-U.S. Citizen Residing in the U.S. or To Be Present in the U.S.</u>

&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;A.Criminal background check covering all districts, provinces, counties or other territorial divisions of residence for the greater of (a) a seven-year period prior to the start date of each Provider Personnel or, (b) for so long as records are commercially available, in each jurisdiction.

&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;B.Employment verification for at least the prior five years.

&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;C.Educational credentials verification.

&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.An identity check to confirm the identity of the person against the Social Security number/green card provided which check may be completed within a reasonable period of time after Provider Personnel begins providing services.

&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;E.Passport verification check.

&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;F.In addition to the above, for each non-U.S. citizen residing in the U.S.: Motor vehicle check covering all states of residence for a ten-year period prior to the start date of each Provider Personnel if Provider Personnel will have access to Talcott vehicles.

&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.<u>For Each Non-U.S. Citizen Residing in India</u>

&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;A.A valid Indian passport prior to the commencement of the Services, or, subject to reasonable prior notice from Provider to Talcott, with respect to any Provider Personnel who do not have a valid Indian passport, and to whom Provider intends to assign Services, initiation of the Indian passport application process prior to commencement of Services with a valid Indian passport issued within 6 months following commencement of Services and written confirmation from Provider of such passport issuance.

&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;B.Additionally, Provider shall perform any additional background checks as requested by Talcott (which shall be implemented pursuant to the

Exhibit 6-1

Talcott Confidential/Proprietary Materials

206624654_1 LAW

------

Change Control Procedures set forth in Section 8.4 of the Agreement), the costs for which shall be charged to Talcott as a Pass-Through Expense.

&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;C.&nbsp;&nbsp;&nbsp;&nbsp;Provider Personnel shall register with the National Association of Software and Services Companies (NASSCOM) to the extent specified or required in an applicable SOW.

**2.&nbsp;&nbsp;&nbsp;&nbsp;<u>ACCESS TO TALCOTT WORK-SITES</u>**

Prior to access to Talcott or any Talcott Affiliate's premises or systems or receipt of Provider Personnel's badge, Provider Personnel shall present two (2) forms of identification.

Provider shall not assign or permit any individual to perform Services that require access to systems, confidential or proprietary information or other assets belonging to Talcott or its employees, customers, clients, or vendors, if such individual has been convicted of any crime involving dishonesty or a breach of trust. Nor shall Provider assign or permit any individual to perform Services that require physical contact with Talcott employees, customers, clients, or vendors if such individual has been convicted of any crime involving violence or sexual misconduct.

Prior to the date on which any individual commences performing Services (the "Start Date"), Vendor shall perform a criminal background investigation on such individual covering all U.S. and non-U.S. states, districts, provinces, counties and other territorial divisions of residence, in accordance with applicable laws, for the greater of (a) a seven-year period prior to such individual's Start Date, and (b) as long as records are commercially available. Vendor is not required to perform non-U.S. criminal background investigations on individuals physically performing Services in the U.S. who are authorized to perform such Services pursuant to a valid U.S. visa. Talcott will be entitled, upon reasonable notice to Vendor, to audit compliance with this Exhibit.

Exhibit 6-2

Talcott Confidential/Proprietary Materials

206624654_1 LAW

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**<u>EXHIBIT 7</u>**

**TALCOTT INFORMATION SECURITY ADDENDUM**

**[attach Addendum]**

Exhibit 7

Talcott Confidential/Proprietary Materials

206624654_1 LAW

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**<u>EXHIBIT 8</u>**

**<u>FORM OF NDA</u>**

Exhibit 8

Talcott Confidential/Proprietary Materials

206624654_1 LAW

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![image_4.jpg](image_4.jpg)

Exhibit 8

Talcott Confidential/Proprietary Materials

206624654_1 LAW

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![image_5.jpg](image_5.jpg)

Exhibit 8

Talcott Confidential/Proprietary Materials

206624654_1 LAW

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![image_6.jpg](image_6.jpg)

Exhibit 8

Talcott Confidential/Proprietary Materials

206624654_1 LAW

## Exhibit 99.27

![](ex27i-talcottcognizantms001.jpg)

Final MASTER AGREEMENT FOR OUTSOURCED SERVICES between TALCOTT RESOLUTION LIFE, INC. and COGNIZANT WORLDWIDE LIMITED

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![](ex27i-talcottcognizantms002.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;i **TABLE OF CONTENTS** Page ARTICLE 1 Definitions and Interpretation. ............................................................................................ 1 Section 1.01 Definitions ............................................................................................................. 1 Section 1.02 References ............................................................................................................ 12 Section 1.03 Headings .............................................................................................................. 13 Section 1.04 Precedence ........................................................................................................... 13 Section 1.05 Agreement Framework and Guarantee ................................................................ 13 ARTICLE 2 Services. ............................................................................................................................ 13 Section 2.01 Services Generally ............................................................................................... 13 Section 2.02 Labor and Materials ............................................................................................. 13 Section 2.03 Policies ................................................................................................................. 14 Section 2.04 Reports and Data Feeds ....................................................................................... 14 Section 2.05 Relief Event ......................................................................................................... 14 Section 2.06 New Services ....................................................................................................... 14 Section 2.07 Quality Assurance and Continuous Improvement ............................................... 15 Section 2.08 Policies and Procedures Manual .......................................................................... 15 Section 2.09 Divestitures and Acquisitions .............................................................................. 16 Section 2.10 Transition and Transformation ............................................................................ 16 ARTICLE 3 Service Delivery Organization. ......................................................................................... 17 Section 3.01 Service Delivery Organization Personnel ............................................................ 17 Section 3.02 Key Personnel and Minimum Retention Roles .................................................... 19 Section 3.03 Replacements and Turnover ................................................................................ 20 Section 3.04 Subcontracting ..................................................................................................... 21 Section 3.05 Transfer of Talcott Personnel .............................................................................. 22 ARTICLE 4 Service Locations. ............................................................................................................. 22 Section 4.01 Place of Performance ........................................................................................... 22 Section 4.02 Talcott Service Locations .................................................................................... 22 Section 4.03 Relocations and New Service Locations ............................................................. 24 ARTICLE 5 Cooperation with Other Suppliers. ................................................................................... 24 Section 5.01 Cooperation with Other Suppliers ....................................................................... 24 Section 5.02 Cooperation on Failures ....................................................................................... 25 ARTICLE 6 Licenses, Proprietary Rights AND AI USE. ..................................................................... 25 Section 6.01 Talcott IP ............................................................................................................. 25 Section 6.02 Service Provider IP .............................................................................................. 25 Section 6.03 Artificial Intelligence ........................................................................................... 26 Section 6.04 Residual Information ........................................................................................... 28 Section 6.05 Deliverables ......................................................................................................... 28 Section 6.06 Consents, Approvals and Requests ...................................................................... 30 Section 6.07 Restrictions .......................................................................................................... 30

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![](ex27i-talcottcognizantms003.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;ii ARTICLE 7 DATA, PRIVACY AND CYBERSECURITY. ............................................................... 30 Section 7.01 Ownership of Data ............................................................................................... 30 Section 7.02 Correction of Errors ............................................................................................. 30 Section 7.03 Privacy and Cybersecurity ................................................................................... 30 ARTICLE 8 ACCEPTANCE PROCEDURES. .................................................................................... 31 Section 8.01 Acceptance Criteria.............................................................................................. 31 Section 8.02 Review and Acceptance of Milestones and Deliverables .................................... 31 Section 8.03 Project Phases and Milestones ............................................................................. 32 Section 8.04 Acceptance Testing .............................................................................................. 33 Section 8.05 Additional Terms on Acceptance and Rejection ................................................. 35 ARTICLE 9 FEES AND INVOICING. ................................................................................................ 36 Section 9.01 Fees ...................................................................................................................... 36 Section 9.02 Expenses .............................................................................................................. 37 Section 9.03 Currency .............................................................................................................. 37 Section 9.04 Invoices ................................................................................................................ 37 Section 9.05 Credits .................................................................................................................. 37 Section 9.06 e-Procurement System ......................................................................................... 38 ARTICLE 10 TAXES. ........................................................................................................................ 40 Section 10.01 In General ............................................................................................................ 40 Section 10.02 Income Taxes ....................................................................................................... 40 Section 10.03 Tax on Inputs ....................................................................................................... 41 Section 10.04 Invoicing .............................................................................................................. 41 Section 10.05 Withholding Tax .................................................................................................. 41 Section 10.06 Filings and Registrations ..................................................................................... 41 Section 10.07 Cooperation .......................................................................................................... 41 ARTICLE 11 Governance and Change Control. ................................................................................. 42 Section 11.01 Governance .......................................................................................................... 42 Section 11.02 Change Procedures .............................................................................................. 42 Section 11.03 Dispute Resolution ............................................................................................... 42 ARTICLE 12 Audits. .......................................................................................................................... 43 Section 12.01 Service Audits ...................................................................................................... 43 Section 12.02 Financial Audits ................................................................................................... 43 Section 12.03 SOC Audits .......................................................................................................... 44 Section 12.04 Audit Limitations ................................................................................................. 45 Section 12.05 Compliance Gift and Entertainment Audit .......................................................... 45 ARTICLE 13 Confidential Information. ............................................................................................. 46 Section 13.01 Generally .............................................................................................................. 46 Section 13.02 Permitted Disclosure ............................................................................................ 46 Section 13.03 Exclusions ............................................................................................................ 46 Section 13.04 Return of Materials .............................................................................................. 47

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![](ex27i-talcottcognizantms004.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;iii Section 13.05 Unauthorized Use, Access or Disclosure ............................................................. 47 Section 13.06 Record Maintenance and Retention ..................................................................... 47 ARTICLE 14 Compliance with Laws. ................................................................................................ 48 Section 14.01 Compliance Obligations ...................................................................................... 48 Section 14.02 Changes to Laws .................................................................................................. 49 Section 14.03 Cooperation with Regulators ............................................................................... 49 ARTICLE 15 Representations, Warranties and Covenants. ............................................................... 50 Section 15.01 Talcott .................................................................................................................. 50 Section 15.02 Service Provider ................................................................................................... 51 Section 15.03 Obligation to Replace .......................................................................................... 53 Section 15.04 Disclaimer ............................................................................................................ 53 ARTICLE 16 Indemnification. ............................................................................................................ 53 Section 16.01 Talcott .................................................................................................................. 53 Section 16.02 Service Provider ................................................................................................... 54 Section 16.03 Indemnification Procedures ................................................................................. 56 Section 16.04 Contribution ......................................................................................................... 56 ARTICLE 17 Limitation of Liability AND exclusions. ...................................................................... 57 Section 17.01 Direct Damages ................................................................................................... 57 Section 17.02 Consequential Damages ....................................................................................... 58 Section 17.03 Exclusions ............................................................................................................ 58 Section 17.04 Injunctive Relief .................................................................................................. 59 ARTICLE 18 Insurance....................................................................................................................... 59 Section 18.01 Coverage .............................................................................................................. 59 Section 18.02 Terms of Coverage .............................................................................................. 60 Section 18.03 Cost of Insurance Coverage ................................................................................. 60 Section 18.04 Evidence of Insurance Coverage ......................................................................... 60 Section 18.05 Status and Rating of Insurance Company ............................................................ 61 ARTICLE 19 Term and Termination. ................................................................................................. 61 Section 19.01 General ................................................................................................................. 61 Section 19.02 Termination for Cause ......................................................................................... 61 Section 19.03 Termination for Convenience .............................................................................. 62 Section 19.04 Termination for Change in Control ..................................................................... 62 Section 19.05 Termination for Deterioration of Financial Condition ......................................... 62 Section 19.06 Termination for Change in Law ........................................................................... 62 Section 19.07 Termination for Failure to Refresh Damages Cap ............................................... 62 Section 19.08 Termination for Force Majeure ............................................................................ 63 Section 19.09 Other Terminations .............................................................................................. 63 Section 19.10 Termination Fees ................................................................................................. 63 Section 19.11 Continuing Obligations ........................................................................................ 63 Section 19.12 Effect of Termination........................................................................................... 63

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![](ex27i-talcottcognizantms005.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;iv ARTICLE 20 Force Majeure, Business Continuity and Disaster Recovery. ...................................... 65 Section 20.01 Force Majeure ...................................................................................................... 65 Section 20.02 RESERVED ......................................................................................................... 66 Section 20.03 No Payment for Unperformed Services ............................................................... 66 Section 20.04 Allocation of Resources ....................................................................................... 66 ARTICLE 22 Miscellaneous. .............................................................................................................. 68 Section 22.01 Amendment .......................................................................................................... 68 Section 22.02 Assignment .......................................................................................................... 68 Section 22.03 Consents, Approvals and Requests ...................................................................... 68 Section 22.04 Counterparts ......................................................................................................... 68 Section 22.05 Entire Agreement ................................................................................................. 69 Section 22.06 Export and Sanctions ........................................................................................... 69 Section 22.07 Good Faith and Fair Dealing ............................................................................... 69 Section 22.08 Governing Law .................................................................................................... 69 Section 22.09 Arbitration ............................................................................................................ 70 Section 22.10 Continued Performance ....................................................................................... 70 Section 22.11 Independent Contractor........................................................................................ 71 Section 22.12 Non-Solicitation ................................................................................................... 71 Section 22.13 Notices ................................................................................................................. 72 Section 22.14 Publicity & Use of Name ..................................................................................... 72 Section 22.15 Remedies Cumulative .......................................................................................... 72 Section 22.16 Severability .......................................................................................................... 72 Section 22.17 Survival ................................................................................................................ 72 Section 22.18 Third Party Beneficiaries ..................................................................................... 73 Section 22.19 Waiver.................................................................................................................. 73 Section 22.20 Non-Discrimination ............................................................................................. 73

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![](ex27i-talcottcognizantms006.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;v TABLE OF SCHEDULES Schedule A Service Level Methodology Schedule B Reporting Schedule C Change Control Schedule D Charges Methodology Exhibit to Schedule D – Vendor Expense Policy Schedule E Root Cause Analyses Schedule F Governance Schedule G Transition and Transformation Exhibit to Schedule G – Transition Plan Schedule H Form of Individual Non-Disclosure and Assignment Agreement Schedule I Privacy and Cybersecurity Schedule J Termination Assistance Exhibit to Schedule J – Exit Plan Schedule K Business Continuity and Disaster Recovery Schedule L Service Provider Service Location Requirements

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![](ex27i-talcottcognizantms007.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;1 MASTER SERVICES AGREEMENT This Master Services Agreement (including the following MSA Terms, together with all Schedules, Statements of Work and attachments, this "Agreement") is made and entered into as of June 30, 2025 (the "Effective Date"), by and between Talcott Resolution Life, Inc., a corporation formed under the laws of the State of Delaware ("Talcott") and Cognizant Worldwide Limited, a United Kingdom limited liability company ("Service Provider"). In addition, Cognizant Technology Solutions U.S. Corporation ("CTS US") shall execute this Agreement solely for the purpose of enabling and authorizing CTS US to enter into Statements of Work together with Service Provider; whereby CTS US shall provide the applicable local Services and Deliverables within the United States of America to Talcott for Service Provider under such Statements of Work as provided in Section 2.01. WHEREAS, the Parties have engaged in extensive negotiations and discussions that have culminated in the formation of the relationship set forth in this Agreement; WHEREAS, Service Provider desires to provide to Talcott and certain of its Affiliates and designees, and Talcott desires to obtain from Service Provider, the services set forth in this Agreement on the terms and conditions set forth in this Agreement; and NOW, THEREFORE, for and in consideration of the agreements set forth below, the Parties agree as follows: ARTICLE 1 DEFINITIONS AND INTERPRETATION. Section 1.01 Definitions. The following terms have the following meanings: (1) "Abandonment" means Service Provider's intentional termination of its provision of any Service during the Term or Service Provider's intentional failure or refusal to provide any Termination Assistance Service. For clarity, the term "Abandonment" shall not include a termination in accordance with Section 19.02(4), a cessation of Service Provider's provision of Termination Assistance Services in accordance with Section 19.13(1) or any other cessation of the Services agreed by the Parties. (2) "Acceptance" means Talcott's acceptance, in its sole reasonable discretion, that an Acceptance Element has been successfully completed by Service Provider such that the Acceptance Criteria for such Acceptance Element have been satisfied. The terms "Accept" and "Accepted" shall be construed accordingly. (3) "Acceptance Criteria" means for each Acceptance Element, the criteria to be satisfied for the successful completion of such Acceptance Element, which may include applicable requirements, specifications, testing or other criteria documented in the applicable Statement of Work or Project Plan, or otherwise as agreed by the Parties. (4) "Acceptance Element" means the Milestones, Deliverables and other Service elements that are subject to Acceptance by Talcott pursuant to this Agreement. (5) "Acceptance Procedures" means the procedures for reviewing and accepting an Acceptance Element, as set forth in ARTICLE 8. (6) "Acceptance Testing" means the testing to be performed on the applicable Acceptance Element in accordance with ARTICLE 8.

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&nbsp;&nbsp;&nbsp;&nbsp;2 (7) "Affected Party" means the Party affected by a Force Majeure Event. (8) "Affiliate" means, as to any entity, any other entity that, directly or indirectly, Controls, is Controlled by, or is under common Control with, such entity, provided that the Parent Parties shall not be "Affiliates" of Talcott or members of the Talcott Group. (9) "Agreement" has the meaning set forth in the preamble. (10) "AI" or "Artificial Intelligence" means any form of artificial intelligence that simulates human-like cognitive abilities, or otherwise performs tasks that normally require human intelligence, such as visual perception, speech and sound recognition, decision-making, and generation of outputs (including content, predictions, recommendations, or decisions), regardless of the specific techniques or approaches employed. AI includes without limitation: machine learning (supervised, unsupervised, and reinforcement learning, including deep learning and neural networks), generative AI, natural language processing, computer vision, Large Language Models (LLM), logic- and knowledge-based approaches (including knowledge representation, inductive logic programming, knowledge bases, inference engines, deductive engines, reasoning, and expert systems), as well as statistical techniques. The intent of this definition is to ensure a comprehensive scope, covering any and all aspects of AI, to avoid limiting this definition to specific technologies or implementations. (11) "AI Laws" means all Laws governing or related to AI, including, without limitation all privacy and data security Laws applicable to the use of data in connection with AI. (12) "Allowable Removals" has the meaning set forth in Section 3.02(3). (16) "Business Continuity Event" means any event that is not a Force Majeure Event, but which nevertheless may prevent, hinder, or delay the performance of the Services by Service Provider. (17) "Business Continuity Plan" means the business continuity plan applicable to the Services, as further described in this Agreement, including in Schedule K and the applicable Statement of Work. (18) "Business Day" or "business day" means any day other than a Saturday, Sunday, or US federal holiday. (19) "Change" means any change to (a) the Services, (b) processes or Service Provider Solutions that would alter the functionality, performance standards or technical environment of the Service Provider Solutions, (c) the manner in which the Services are provided, or (d) the manner in which the Services are used. (20) "Change in Control" means the (a) consolidation, merger, share exchange or other business combination involving an entity (other than an initial public offering of securities of such

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&nbsp;&nbsp;&nbsp;&nbsp;3 entity), in which immediately following such transaction either (i) less than fifty percent (50%) of the directors of the surviving parent entity immediately following the closing of the transaction were directors of such entity immediately prior to the closing of the transaction, or (ii) less than fifty percent (50%) of the voting power of the surviving parent entity immediately following the closing of the transaction is held by persons who were shareholders of such entity immediately prior to the closing of the transaction; (b) sale, transfer or other disposition of all or substantially all of the assets of an entity; or (c) acquisition by any entity, or group of entities acting in concert, of beneficial ownership of thirty percent (30%) or more of the outstanding voting securities or other ownership interests of an entity. (21) "Change Procedures" means the procedures applicable to a Change as set forth in Schedule C by which Changes in or additions to the Services or other aspects of the Agreement will be made. (22) "Claim" means any assertion, actual or threatened claim, action, suit, or proceeding (whether civil, criminal, administrative, arbitral, investigative, or otherwise). (23) "Completion Date" means the relevant date, as set forth in any SOW, by which Service Provider is to complete and deliver or make available to Talcott Group the applicable Acceptance Element. (24) "Confidential Information" means all non-public information, materials, documentation, and IP of a Party, Affiliates of a Party or their clients, employees, distribution partners, agents, customers, suppliers, contractors, and other third parties doing business with such Party or Affiliates of a Party, whether disclosed to, accessed by or otherwise learned by or made available (directly or indirectly) to the other Party, including: (a) with respect to Talcott Group, all Talcott IP, Talcott Data, Personal Information, and information concerning Talcott Group's customers (including their beneficiaries), third-party administrators and recipients of Talcott Group's services, either directly or indirectly, such as employees of Talcott Group customers, plan participants, personnel, dependents, beneficiaries and similarly situated persons; sourcing-related documents (including RFPs, responses, etc.) and information pertaining to them, including Talcott Group's requirements; any information to which Service Provider has access in Talcott Service Locations or Talcott Group Software; the Policies and Procedures Manual; and all reports provided by Service Provider under this Agreement; (b) with respect to Service Provider, all Service Provider proprietary information included in its solution designs; (c) with respect to each Party, this Agreement; (d) all other information marked as confidential (or with words of similar meaning) or that a reasonable person would understand to be confidential based on the nature of the information and its disclosure; (e) anything developed by reference to the information described in this definition; and (f) "inside information," including any material, non-public, price-sensitive corporate, business plan or financial information relating to such Party, Affiliates of a Party or their clients, employees, distribution partners, agents, customers (including their beneficiaries), suppliers, contractors, and other third parties doing business with such Party or Affiliates of a Party, that is acquired in connection with this Agreement. (25) "Continued Services" has the meaning in Section 19.13(1). (26) "Control" means, with respect to any entity, the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such entity, whether

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&nbsp;&nbsp;&nbsp;&nbsp;4 through the ownership of voting securities (or other ownership interest), by contract or otherwise. (27) "Critical Function" has the meaning in the applicable Statement of Work. (28) "Damages Cap" has the meaning set forth in Section 17.01(1). (29) "Data Privacy Laws" has the meaning set forth in Schedule I. (30) "Deliverable Completion Date" for any particular Deliverable, shall mean the date that such Deliverable is due to be completed (including the scheduled completion of Talcott Group's Acceptance process). If there is a delay in the completion of a Deliverable, and Service Provider is excused from such delay pursuant to the terms of this Agreement, then there shall be a day-for-day extension of the Deliverable Completion Date (i.e., for each day of excused delay, the completion date will be extended by a day). (31) "Deliverable Credit" means a monetary credit that Service Provider shall pay to Talcott Group in the event that Service Provider fails to obtain Talcott's Acceptance of a Deliverable by the applicable Deliverable Completion Date. The Deliverable Credit associated with a given Deliverable shall be set forth in the applicable Statement of Work or Project Plan. (32) "Deliverables" means those items or materials developed or created for Talcott Group and provided by Service Provider to Talcott Group pursuant to this Agreement (including a Statement of Work). (33) "Designated Services" means: (a) the services, functions, and responsibilities of Service Provider described in this Agreement or in any applicable SOW; (b) any services, functions, or responsibilities not specifically described in this Agreement, but which are inherently required, incidental to, or necessary for the proper performance and delivery of the services described in clause (a); and (c) any services, functions, or responsibilities that are not described in this Agreement but are reasonably related to the services, functions, and responsibilities of Service Provider performed pursuant to clause (a) and (b) which were performed in the twelve (12) month period prior to the Effective Date by (i) employees of Talcott Group, or Talcott Agents, who are displaced, or whose functions or activities are displaced, as a result of this Agreement; or (ii) non-personnel resources transferred to Service Provider or displaced, or the functions or activities of which are displaced, as a result of this Agreement; provided that, with respect to this clause (c), a service, function, or responsibility must be disclosed to Service Provider in writing before it will become a Designated Service (for clarity, such disclosure may be made after the Effective Date). (34) "Disabling Code" means any computer code, software routine, malware, virus, worm, time bomb, Trojan horse, backdoor, drop-dead device, or other software or hardware mechanism that is designed to (a) disrupt, disable, harm, or otherwise impair the normal operation of any software, hardware, system, or network; (b) allow unauthorized access to or use of any

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&nbsp;&nbsp;&nbsp;&nbsp;5 system, software, or data; (c) damage, destroy, or alter any data or file; or (d) trigger a shutdown, lockout, or denial of access to software, data, or systems without the prior authorization of the affected party. (35) "Disaster Recovery Plan" means any disaster recovery plan applicable to the Services, as further described in this Agreement, including in Schedule K and the applicable Statement of Work. (36) "Dispute" means any dispute, controversy, or claim of any kind arising out of or relating in any way to this Agreement or the breach thereof. (37) "Dispute Resolution Procedures" means the procedures set forth in Section 11.03. (38) "EAR" has the meaning set forth in Section 22.06. (39) "Effective Date" has the meaning set forth in the preamble. (40) "Embargoed and Restricted Countries" has the meaning set forth in Section 22.06. (41) "Excluded Taxes" means, in the case of either of the Parties (or CTS US, as applicable), (a) Income Taxes; (b) any branch profits taxes imposed by the US or any similar taxes imposed by any other jurisdiction in which a Party (or CTS US, as applicable) is located; and (c) any tax required to be withheld, including as a result of the failure of a Party (or CTS US, as applicable) to satisfy the requirements of the foreign account tax compliance provisions of the Hiring Incentives to Restore Employment Act of 2010, P.L. 111-147, 124 Stat. 71. (42) "Exit Plan" means the detailed exit plan for the transfer of each of the Services from Service Provider to Talcott Group or another supplier designated by Talcott Group, to be developed by Service Provider for the TPA SOW within ninety (90) days following the Effective Date in accordance with Schedule J. (43) "Export Controls" means all applicable export and national security Laws of the US and all other applicable Governmental Authorities. (44) "Fees" has the meaning set forth in Section 9.01. (45) "Files and Work Papers" has the meaning set forth in Section 13.06(1). (46) "Force Majeure Event" means events that meet both of the following criteria: (a) caused, directly or indirectly, without fault by such a Party, by: fire, flood, pestilence, earthquake, other elements of nature or acts of God, acts of war, terrorism, riots, rebellions, revolutions or civil disorders, and any other governmental action, or other similar business continuity event beyond the reasonable control of the Party whose performance is prevented, hindered or delayed; and (b) could not have been prevented by reasonable precautions and cannot reasonably be circumvented by the non-performing Party through the use of readily available alternate sources, work-around plans, or other commercially reasonable means. (47) "Go Live Date" means the date by which Service Provider is to have completed the Go Live Milestone as set forth in the applicable Statement of Work or Project Plan.

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&nbsp;&nbsp;&nbsp;&nbsp;6 (48) "Go Live Milestone" means the final Milestone that Service Provider is required to complete, as specified in the applicable Statement of Work or Project Plan. (49) "Governmental Authority" means any US or non-US federal, state, provincial, municipal, local, territorial or other governmental department, regulatory authority, self-regulatory organization (e.g., FINRA, MSRB, and stock exchanges) or legislative, judicial or administrative body, including the US Securities and Exchange Commission and state insurance regulators. (50) "Income Tax" means any tax on or measured by the net or gross income of a corporation, partnership, joint venture, trust, limited liability company, limited liability partnership, association or other organization or entity (including taxes on capital or net worth that are imposed as an alternative to a tax based on net or gross income), or taxes that are expressly or of the nature of excess profits tax, margin tax, gross receipts tax (including commercial activity taxes, and business and occupation taxes, but excluding sales and use taxes and value added taxes), minimum tax on tax preferences, alternative minimum tax, accumulated earnings tax, personal holding company tax, capital gains tax or franchise tax, in each case including an allocation of any such amounts from a flow-through entity. (51) "Indemnifiable Claim" has the meaning set forth in Section 16.03. (52) "Indemnified Party" means Talcott Indemnified Party or Service Provider Indemnified Party, as applicable. (53) "Indemnifying Party" means Talcott under Section 16.01 and Service Provider under Section 16.02. (54) "IP" means any (a) inventions, processes, methodologies, procedures and trade secrets; (b) Software and tools; (c) literary works or other works of authorship, including documentation, reports, drawings, charts, graphics, and other written documentation; (d) trademarks, service marks, logos, or domain names; and (e) any other intellectual property, including AI. (55) "Key Personnel" means certain roles or individuals jointly designated by Service Provider and Talcott as critical to providing the Services and identified as being "key personnel" in the applicable Statement of Work throughout its term. (56) "Laws" means all US and non-US laws, ordinances, rules, regulations, declarations, decrees, directives, legislative enactments, interpretations, guidance, enforcement policies, and Governmental Authority orders and subpoenas, as changed, supplemented, amended, or replaced. (57) "Losses" means all losses, damages, payment, liabilities (including settlements, judgments, fines and penalties), claims, and all related costs and expenses (including any and all reasonable attorneys' fees, court costs and other litigation, settlement, judgment, appeal, interest, penalties and expenses) incurred by an Indemnified Party. (58) "Mandatory Change" has the meaning set forth in Schedule C.

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&nbsp;&nbsp;&nbsp;&nbsp;7 (59) "Milestone" means an event identified as a Milestone in a Statement of Work or Project Plan, specifying a date on or by which specified tasks are to be completed and Services and Deliverables are to be provided. (60) "Milestone Completion Date" for any particular Milestone, shall mean the date that such Milestone is due to be achieved (including the scheduled completion of Talcott Group's Acceptance process). If there is a delay in the completion of a Milestone, and Service Provider is excused from such delay pursuant to the terms of this Agreement, then there shall be a day-for-day extension of the Milestone Completion Date (i.e., for each day of excused delay, the completion date will be extended by a day). (62) "Minimum Retention Roles" means the roles identified as such in the applicable Statement of Work. (63) "MSA Terms" means the provisions of ARTICLE 1 through ARTICLE 22, including all subsections. (64) "New Services" means functions that Talcott Group requests Service Provider to perform under this Agreement: (1) that are in addition to, and materially different from, and beyond the scope of, the Services; and (2) for which there is no existing charging mechanism in this Agreement. (65) "Normal Change" has the meaning set forth in Schedule C. (66) "Other Supplier" means any third party providing services to Talcott or its Affiliates. (67) "Parent Parties" means (a) Sixth Street Partners, LLC and its Affiliates; and (b) any other Person Controlling Talcott Financial Group Investments, LLC at any time of determination, in each case, other than Talcott Financial Group Investments, LLC and its Controlled Affiliates. (68) "Parties" means Talcott Group and Service Provider. (69) "Party" means either Talcott Group or Service Provider. (70) "Personal Information" means any non-public information or data, provided by Talcott Group for the provision of Services, that is considered "Personally Identifiable Information," "Personal Information," "Personal Data," or like terms under applicable Data Privacy Laws that: (a) identifies an individual, including by name, signature, address, e- mail address, telephone number or other unique identifier; (b) that can be used to identify or authenticate an individual, including passwords, PINs, biometric data, unique identification numbers (e.g., social security numbers), answers to security questions or other personal identifiers; (c) identifies, relates to, describes or can reasonably be linked to a particular individual or household; or (d) information that is not specifically about an identified or identifiable individual but, when combined with other information, may identify an individual. For the avoidance of doubt, Personal Information shall not include

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&nbsp;&nbsp;&nbsp;&nbsp;8 anonymous, aggregated, or de-identified data to the extent such data is exempt or excluded from regulation under applicable Data Privacy Laws. (71) "Policies" means policies, standards and procedures of Talcott Group that are (a) attached to this Agreement; (b) attached to (and thereby made applicable to) a particular SOW; or (c) otherwise provided or made available to Service Provider in accordance with Section 2.03. (72) "Policies and Procedures Manual" has the meaning set forth in Section 2.08. (73) "Project" means an implementation project or any other project, typically pursuant to a Statement of Work or Project Plan. (74) "Project Phase" has the meaning set forth in Section 8.03(1). (75) "Project Plan" means, with respect to a Project, the plan or plans mutually agreed by the Parties for the successful completion of such Project. (76) "Recovery Time Objective" means the time period within which Service Provider is required to restore a Service in the event of a Business Continuity Event or Force Majeure Event, as such time is set forth in Schedule K or the applicable Statement of Work. (77) "Related Documentation" means, with respect to Software, all materials, documentation (including control documentation utilized in connection with an audit), specifications, technical manuals, user manuals, flow diagrams, file descriptions, and other written information that describes the function and use of such Software but excluding any source code. (78) "Relief Event" has the meaning set forth in Section 2.05. (79) "Representative Sample" has the meaning set forth in Section 9.07(3). (80) "Residual Information" has the meaning set forth in Section 6.04. (81) "Review Period" means the period of time within which Talcott will have to Accept or reject each Milestone and Deliverable. (82) (83) "Sanctions Laws" has the meaning set forth in Section 22.06. (84) "Service Delivery Organization" means the personnel of Service Provider (including, for clarity, Service Provider Agents) who provide the Services. (87) "Service Level Termination Event" has the meaning set forth in Schedule A.

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&nbsp;&nbsp;&nbsp;&nbsp;9 (88) "Service Levels" means the required quantitative levels and standards for the performance of the Services as set forth in each applicable Statement of Work. (89) "Service Locations" means the Talcott Service Locations and Service Provider Service Locations. (90) "Service Readiness Tests" means the tests to be performed to assess whether Service Provider is ready to provide the applicable Services in a live production environment. (91) "Service Recipient" means Talcott Group and Talcott Agents. (92) "Service Taxes" means all sales, use, lease, service, value-added, excise, consumption, stamp duty, and other similar taxes and duties, other than any Excluded Taxes. (93) "Statement of Work" or "SOW" means a mutually agreed statement of work for the provision of Services under this Agreement. (94) "Service Provider" has the meaning set forth in the preamble. (95) "Service Provider Agent" means an agent, contractor, subcontractor, or other representative of Service Provider performing any of Service Provider's obligations under this Agreement. (96) "Service Provider Compliance Manager" has the meaning set forth in an applicable Statement of Work. (97) "Service Provider Consents" means all licenses, consents, permits, approvals, and authorizations that are necessary to allow, in connection with the Services, (a) Service Provider and Service Provider Agents to use on behalf of itself and Talcott Group in connection with performing the Services (i) the Service Provider IP and Service Provider hardware, equipment, compute and storage, (ii) any assets owned or leased by Service Provider or Service Provider Agents, and (iii) any third-party services retained by Service Provider; (b) Service Recipients and Talcott Agents to use the Service Provider IP and Service Provider hardware, equipment, compute, and storage as set forth in the Agreement or in the applicable Statement of Work; and (c) Service Provider and Service Provider Agents to assign the Deliverables and Talcott Data to Talcott Group as set forth in the Agreement or in the applicable Statement of Work. (98) "Service Provider Executive" has the meaning set forth in an applicable Statement of Work. (99) "Service Provider Financial Manager" has the meaning set forth in an applicable Statement of Work. (100) "Service Provider Indemnified Parties" means Service Provider, its Affiliates, and the officers, directors, employees, successors, and permitted assigns of Service Provider and its Affiliates. (101) "Service Provider IP" means IP that is licensed or owned by Service Provider (or, for clarity, by a Service Provider Agent), that is used in connection with the Services, including

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&nbsp;&nbsp;&nbsp;&nbsp;10 the Software set forth in the applicable Statement of Work and indicated as "Service Provider" Software. (102) "Service Provider Personnel" means personnel of the Service Delivery Organization. (103) "Service Provider Resources" means the Service Provider IP, Deliverables, Services, or any other resource or item provided to Service Recipients by Service Provider (or, for clarity, a Service Provider Agent). (104) "Service Provider Senior Executive" has the meaning set forth in an applicable Statement of Work. (105) "Service Provider Service Delivery Executive" has the meaning set forth in an applicable Statement of Work. (106) "Service Provider Service Location" means any premises owned, leased or used by Service Provider set forth in the applicable Statement of Work, from which Service Provider shall provide the Services described in such Statement of Work (including any business continuity or disaster recovery services with respect to such Services). Certain requirements related to the Service Provider Service Locations are provided in Schedule L. (107) "Service Provider Solution" means all equipment, compute, storage, systems, Software, documentation, end user, technical manuals and help materials (printed or electronic), tools, utilities, operating systems, and databases that Service Provider uses to provide the Services. For clarity, the Service Provider Solution includes any Service Provider IP used to provide the Services. (108) "Service Provider Use of AI" has the meaning given in Section 6.03. (109) "Services" means the Designated Services, Termination Assistance Services, Continued Services, and any other services, functions, and responsibilities the Parties agree shall be provided under this Agreement. (110) "Software" means the object code and source code versions of any applications; programs; operating system software; computer software languages; utilities; tools; machine-readable texts, files, and other computer programs (i.e., any set of statements or instructions to be used directly or indirectly in a computer in order to bring about a certain result); and documentation and supporting materials relating thereto, in whatever form or media (including the tangible media upon which such application programs, operating system software, computer software languages, utilities and other computer programs, and documentation and supporting materials relating thereto are recorded or printed), altogether with all corrections, improvements, updates, and releases thereof. .

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&nbsp;&nbsp;&nbsp;&nbsp;11 (115) "Synthetic Data" means non-authentic, invented, or automatically generated data that are not event generated in the real world. (116) "Talcott" has the meaning set forth in the preamble. (117) "Talcott Agent" means an agent, contractor, subcontractor, or other representative of Talcott Group, other than Service Provider, exercising any of Talcott Group's rights or performing any of Talcott Group's obligations under this Agreement. (118) "Talcott Auditors" means Talcott Group, including its audit and compliance personnel, privacy and security officers (or their delegates), and any of its regulators, accountants, auditors, or third-party consultants. (119) "Talcott Data" means all data or information regarding Talcott Group, the businesses of Talcott Group, or Talcott Group clients, employees, former employees, distribution partners, agents, customers (including their beneficiaries and annuitants), policy and/or certificate holders, suppliers, contractors, other third parties doing business with Talcott Group, third-party administrators and recipients of Talcott Group's services, either directly or indirectly, such as employees of Talcott Group customers, plan participants, personnel, dependents, beneficiaries and similarly situated persons (a) submitted to Service Provider by Talcott Group or the Service Recipients; (b) obtained, developed, processed, or produced by Service Provider (other than data internal to Service Provider, such as individual performance data for the personnel of the Service Delivery Organization and security logs retained by Service Provider); or (c) accessed by Service Provider in connection with the Services. (120) "Talcott Data Safeguards" means the Policies, standards, privacy requirements, cybersecurity requirements, requirements for responsible use of AI, and other obligations as set forth in this Agreement, including Schedule I. (121) "Talcott Group" means Talcott and any Affiliates of Talcott that receive the Services, either individually or collectively, as the context demands, and shall not include the Parent Parties. (122) "Talcott Indemnified Parties" means Talcott, its Affiliates and the officers, directors, employees, successors, and permitted assigns of Talcott and its Affiliates. (123) "Talcott IP" means IP that is licensed or owned by Talcott Group or a Talcott Agent (other than the Service Provider IP) that is used by Service Provider in connection with the Services, including the Software set forth in the applicable Statement of Work as being "Talcott Software." (124) "Talcott IT Executive" has the meaning set forth in an applicable Statement of Work. (125) "Talcott Senior Executive" has the meaning set forth in an applicable Statement of Work.

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&nbsp;&nbsp;&nbsp;&nbsp;12 (126) "Talcott Service Delivery Executive" has the meaning set forth in an applicable Statement of Work. (127) "Talcott Service Location" means any premises owned, leased, or used by Talcott Group and identified in the applicable Statement of Work, at which Talcott Group may (to the extent set forth in such Statement of Work) provide space for Service Delivery Organization personnel to provide Services. (128) "Talcott Serviced Business" means the specific Talcott Group policies and blocks of business to which the Services relate. (129) "Tax Authority" means any Governmental Authority or other fiscal, revenue, customs or excise authority, body or official competent to impose, collect or assess any and all present or future taxes, levies, imposes, deductions, charges or withholdings, and all liabilities with respect thereto. (130) "Taxes" means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto. (131) "Term" means the term that this Agreement remains in effect, including any Termination Assistance Periods. (134) "Third-Party Materials" are materials, including Software and documentation, owned, or provided by a third party. (135) "Third Party Administration Services" or "TPA Services" has the meaning set forth in Schedule D. (136) "TPA SOW" means the Statement of Work for TPA Services dated as of the Effective Date. (137) "Transition Milestone" has the meaning set forth in Schedule G. Section 1.02 References. (1) References to this Agreement include the Schedules, Statements of Work, and all other attachments hereto; references to the Schedules or Statements of Work include any attachments thereto. (2) Except where otherwise indicated, references in these MSA Terms to Articles, Sections, or attachments are to Articles or Sections of, or attachments to, these MSA Terms (i.e., exclusive of the Schedules and Statements of Work).

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&nbsp;&nbsp;&nbsp;&nbsp;13 (3) References in this Agreement to, and mentions of, the word "include," "including," or the phrases "e.g." or "such as" means "including, without limitation." Section 1.03 Headings. The Article and Section headings, **Table of Contents**, and Table of Schedules are for reference and convenience only and shall not be considered in the interpretation of this Agreement. Section 1.04 Precedence. In the event of a conflict between these MSA Terms, the terms and conditions of any Schedules, or a Statement of Work, the order of precedence shall be as follows: first, these MSA Terms; second, the Schedules; third, any Statements of Work. In the event of a conflict between a Schedule and its attachments or between a Statement of Work and its attachments, the Schedule and Statement of Work (as applicable) shall prevail. Section 1.05 Agreement Framework and Guarantee. (1) These MSA Terms establish the general terms and conditions applicable to Service Provider's provision and Talcott Group's receipt of the Services. ARTICLE 2 SERVICES. Section 2.01 Services Generally. Service Provider shall provide the Services to the Service Recipients in accordance with this Agreement. For Statements of Work executed in connection with work to be performed for Talcott in the United States of America, and solely to the extent that CTS US employees are required for the provision of Services or Deliverables by Service Provider in connection with such Statement of Work, CTS US will also execute such Statement of Work solely for the purpose of providing Services and Deliverables to Talcott for Service Provider. Service Provider will remain fully responsible and liable for all Services and Deliverables provided under this Agreement by its Affiliates and Service Provider Agents. Any Affiliate of Talcott may enter into Statements of Work with Service Provider and, only for the purposes of any such Statements of Work, shall be considered "Talcott" as that term is used in this Agreement. Service Provider shall cause the Services to be performed (1) with adequate numbers of qualified personnel (as to training, skill and experience) operating from the geographies and locations that may be required by any particular Statement of Work; (2) in a good, professional, and workmanlike manner; (3) consistent with industry standards and generally accepted practices; (4) in accordance with Laws applicable to Service Provider in its provision of Services; and (5) with the experience and expertise necessary to provide the Services in accordance with this Agreement. Service Provider will follow industry leading practices in the provision of Services, which may include technological advancements and other improvements. Services will be performed in accordance with the Service Levels, as further described in Schedule A and the applicable Statement of Work. Section 2.02 Labor and Materials. Service Provider shall perform all work necessary to provide the Services in accordance with this Agreement. Except as explicitly provided otherwise, Service Provider shall be financially responsible and pay for all labor, materials, services, facilities, equipment, Service Provider Software, and resources (including the Service Provider IP and Service Provider Resources) necessary to provide the Services and meet its obligations under this Agreement, excluding the Talcott Software to be furnished by Talcott Group.

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&nbsp;&nbsp;&nbsp;&nbsp;14 Section 2.03 Policies. In connection with its provision of the Services, Service Provider shall comply with the Policies. Policies may be maintained on an internal website or database designated by Talcott Group and made accessible to Service Provider. If there is a new Policy that Service Provider must comply with or a Policy is updated, Talcott Group shall notify Service Provider of such new Policy or update. Section 2.04 Reports and Data Feeds. Service Provider shall provide all information and data reports specified in this Agreement, including in Schedule B and the applicable Statement of Work. Service Provider shall provide Talcott Group with real time, "read-only" access to those systems that store or process Talcott Data, for its compliance with Laws, fraud investigation(s), and its internal operations oversight except to the extent such access is unavailable during periods of scheduled and emergency maintenance. Section 2.05 Relief Event. Service Provider shall be excused for its non-performance of an obligation under this Agreement for as long as, and to the extent, Service Provider's performance of such obligation is directly prevented by (1) the failure of Talcott Group or a Talcott Agent to perform any of its obligations under this Agreement (including, subject to a root cause analysis, a failure of a system provided by Talcott Group or a Talcott Agent to perform in accordance with the requirements explicitly set forth in this Agreement, provided such failure is not due to an act or omission of Service Provider or its Affiliates); (2) a written or electronic agreement between the applicable Service Provider Service Delivery Executive and Talcott Senior Executive to re-direct resources or priorities other than in the ordinary course of the Services (provided, however, that the applicable Service Provider Service Delivery Executive notifies the Talcott Senior Executive prior to such agreement that such redirection or reprioritization shall cause such nonperformance); or (3) incorrect or incomplete information provided by a Talcott Agent that could not have been identified as incorrect or incomplete in connection with Service Provider's performance of the Services or the exercise of reasonable judgment (collectively, "Relief Events"); provided, however, that Service Provider (a) demonstrates the basis for the Relief Event was the primary cause of such nonperformance; (b) uses commercially reasonable efforts to mitigate the impact of such Relief Event; (c) continues to use commercially reasonable efforts (including emergency fixes and workarounds) to perform such obligation; and (d) provides Talcott Group notice of such non-performance describing in reasonable detail the nature of such non-performance as soon as possible after Service Provider (i) knows of such non-performance, but in no event later than one (1) Business Day after Service Provider has such knowledge, or (ii) should have known of such non-performance in which case Service Provider shall not be excused until after it provides notice of the non-performance. Section 2.06 New Services. (1) New Services. Talcott Group may, from time-to-time propose that Service Provider perform New Services upon a Change to the applicable Statement of Work in accordance with the Change Procedures set forth in Schedule C, or by the execution of a new Statement of Work. Within a reasonable period of time after the receipt of such proposal, Service Provider shall prepare and submit to Talcott Group at no charge a proposal for the performance of the New Services (such proposal shall include necessary and reasonable scoping and analysis of the New Services in order to be able to specify the applicable personnel, hardware and Software resources and the applicable Fees), consistent with the procedures set forth in Schedule C. Talcott Group shall not be required to accept any such proposal. Talcott Group shall not be obligated to obtain any New Services from Service Provider, nor shall Talcott Group be prevented from requesting or obtaining such services from a third party. If the Parties are in dispute as to whether the proposed service is a New Service or an in-scope Service, Service Provider shall begin performing the services upon Talcott Group's written instruction to begin work, solely for immediate and urgent needs, provided that the initial request contains defined Deliverables or Milestones, as applicable,

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&nbsp;&nbsp;&nbsp;&nbsp;15 and Fees commitment. If the Parties later agree that the work is a New Service and separately billable, but the Fees have not been agreed upon, then Talcott Group shall pay the applicable rates set forth in Schedule D or the applicable Statement of Work while the dispute regarding the Fees is being resolved. If the resource is not covered by Schedule D or the applicable Statement of Work, Service Provider's commercially reasonable rates consistent with the discounts and rates otherwise provided to Talcott Group shall apply, until the Fees have been resolved. In no event will Talcott Group be obligated to pay for any services other than the then-existing Services without the written agreement of the Parties. New Services may be performed under an existing Statement of Work or pursuant to a new Statement of Work. Section 2.07 Quality Assurance and Continuous Improvement. In performing the Services, Service Provider will, in accordance with leading industry practices, undertake quality assurance procedures designed to ensure that the Services are performed with professional quality and reliability. Such procedures shall include checkpoint reviews, testing, and Acceptance. Service Provider, as part of its total quality management process, will provide continuous quality assurance through: the implementation of concrete programs, practices, and measures designed to improve performance (including the Service Levels). Service Provider will utilize project management tools, including productivity aids and project management systems, as appropriate in performing the Services. Service Provider will perform root cause analyses pursuant to and in accordance with the requirements of Schedule E. Section 2.08 Policies and Procedures Manual. As further described in Schedule F, Service Provider shall (1) develop a management and operations procedures manual detailing processes required to manage the performance of the Services in accordance with this Agreement and applicable Laws, and (2) deliver a draft to Talcott for its review and approval. A version approved by Talcott of such manual must be completed by Service Provider within the time specified in Schedule F or the applicable Statement of Work and prior to the commencement of any Designated Services (such approved draft shall be the "Policies and Procedures Manual"). For avoidance of doubt and without limitation, the Policies and Procedures Manual must include policies and procedures reasonably designed to prevent violations of the Federal Securities Laws (as defined in Rule 38a-1 under the Investment Company Act of 1940, as amended) in connection with the Services. Until such time that the Policies and Procedures Manual is finalized, Service Provider

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&nbsp;&nbsp;&nbsp;&nbsp;16 shall follow and comply with Talcott Group's policies and procedures in place prior to the Effective Date that are made known to Service Provider in advance and in writing. Service Provider shall be responsible for maintaining and keeping the Policies and Procedures Manual current during the Term, with all changes being subject to Talcott's review and approval, in accordance with the requirements of Schedule F. At least annually, the Policies and Procedures Manual shall be submitted to Talcott for review and approval. Service Provider shall provide access to personnel of the Service Delivery Organization and shall furnish such records and information as reasonably requested by Talcott Group to facilitate Talcott Group's assessment of the adequacy, effectiveness, and implementation of the Policies and Procedures Manual. If, Talcott Group does not approve of the Policies and Procedures Manual for non-compliance with the requirements set forth in this Agreement (including Schedule F), Service Provider shall revise the Policies and Procedures Manual as reasonably necessary, and otherwise reasonably cooperate with Talcott Group, until Talcott provides such approval. At any time, in the event that Talcott reasonably determines that the Policies and Procedures Manual should be updated or revised for changes in applicable Laws, instances of noncompliance with the Agreement or applicable Laws, regulatory recommendations or guidance, changes in Services, or as otherwise deemed necessary by the Parties, Service Provider shall revise the Policies and Procedures Manual in cooperation with Talcott Group, and submit the revised Policies and Procedures Manual for Talcott's review and approval. For the avoidance of doubt, Service Provider's obligations under this Section 2.08 are cumulative with and in addition to its obligations under Section 2.03. Section 2.09 Divestitures and Acquisitions. In the event that Talcott Group divests an entity, business unit, or set of assets otherwise comprising a business (including by way of reinsurance), Talcott Group may elect either (a) for Service Provider to continue to provide any Services to such divested entity or business as a Service Recipient under this Agreement, provided that if changes are required to Service Provider's operations or costs of providing Services in order to continue providing Services to a divested entity or business (e.g., create a separate environment), the Parties shall address any incremental costs required to implement such changes through the Change Procedures; or (b) to remove such divested entity or business from the receipt of the Services, in which case there will be a corresponding reduction in volumes and Fees, notwithstanding any limitations to the contrary in a Statement of Work. To the extent Talcott Group elects to continue the provision of Services under this Agreement, Talcott Group shall continue to be responsible for the corresponding Fees and such entity's or business' compliance with the relevant terms of this Agreement. Any divested entity or business receiving Services in accordance with the foregoing shall have all rights afforded to Service Recipients under this Agreement. In the event Talcott Group acquires an entity or business (as a new Affiliate or otherwise, including by way of reinsurance), Talcott Group may elect to have Service Provider provide some or all of the Services to such acquired entity or business in accordance with this Agreement. In such event, the Parties will negotiate in good faith a revised pricing structure to account for the corresponding increase in volumes and Fees. To the extent such acquired entity or business is already receiving services from (i) Service Provider that are similar to and could be replaced by the Services, Talcott Group, and the acquired entity may elect to terminate the acquired entity's agreement (or relevant portions thereof) at no charge, notwithstanding anything to the contrary in such agreement, and instead incorporate such services under this Agreement, subject to an equitable adjustment in the calculation of termination fees under the applicable Statement of Work as may be necessary to enable Service Provider to recover any costs that Service Provider otherwise would have been entitled to recover through the termination fees of the acquired entity's agreement in the event of its early termination; or (ii) another third- party service provider that are similar to the Services, Talcott Group may elect to terminate this Agreement (or relevant portions thereof) in accordance with Section 19.3 (Termination for Convenience) of this Agreement. For the avoidance of doubt, Talcott Group's rights under this Section 2.09 are cumulative with and in addition to its obligations under Section 22.02. Section 2.10 Transition and Transformation. Service Provider will perform its responsibilities for Transition and Transformation in accordance with the requirements of Schedule G and the applicable

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&nbsp;&nbsp;&nbsp;&nbsp;17 Statement of Work or Project Plan. Particular provisions related to Talcott Group rights with respect to Transition and Transformation and remedies for Service Provider's delays and failures are set forth therein. ARTICLE 3 SERVICE DELIVERY ORGANIZATION. Section 3.01 Service Delivery Organization Personnel. (1) For purposes of this Agreement, Service Provider will be responsible for the acts and omissions of all personnel of the Service Delivery Organization, and all other Service Provider employees, contractors, and agents to the same extent as if performed by Service Provider. (2) Service Provider shall ensure that all personnel assigned to perform the Services under this Agreement possess the necessary skillsets, training, experience, and qualifications required to perform their assigned roles competently and in accordance with industry standards. Prior to assigning any Key Personnel to perform the Services, Service Provider shall provide Talcott Group with an opportunity to review and approve the qualifications, training, and expertise of such personnel. Talcott Group shall have the right to request reasonable additional information regarding any proposed Key Personnel's qualifications and may reject any Key Personnel that do not meet the required skillsets or expertise, provided that such rejection shall not be unreasonably exercised, and Talcott Group shall provide Service Provider with an explanation as to the reason for the rejection. In the event that Talcott Group reasonably determines that any Key Personnel assigned by the Service Provider do not meet the required qualifications or are otherwise unsuitable for the performance of the Services, Talcott Group may request their removal and replacement at no additional cost. Service Provider shall promptly provide a suitably qualified replacement, subject to Talcott Group's review and approval, without impacting the agreed timelines or service levels under this Agreement. (3) Before assigning any individual to the Service Delivery Organization, Service Provider shall conduct background checks at the local, state and federal/country level. Such background check shall include, to the extent permitted by law, (a) education verification, including verification of diploma, if required for performance of Services; (b) prior employment verification for all personnel of the Service Delivery Organization above entry level (going back no less than five (5) years); (c) social security or other similar verification, as applicable; (d) felony and misdemeanor criminal checks, including no less than seven (7) years of criminal history in the jurisdictions where such individual has lived and/or worked (including, in the United States, a federal check), and if required by applicable Law, facilitating the fingerprinting of such individual; (e) confirmation that the applicable persons have necessary security clearances, visas and work permits; and (f) credit check for personnel of the Service Delivery Organization who handle, are responsible for or have access to any financial transaction data. For clarity, Service Provider will pay for all costs associated with conducting the background checks required by this Section. Service Provider shall not assign any individual to the Service Delivery Organization (i) whose background check is not consistent with the information provided by such individual or such individual's previous employer, (ii) who has been convicted of, pled guilty or nolo contendere to a crime involving breach of trust, dishonesty, injury, or attempted injury to any property or person, or (iii) who refuses to provide consent with respect to Service Provider's performance of the background checks described in this Section. Service Provider shall (A) maintain a copy of such background checks during the Term, (B) certify Service Provider's compliance with this Section 3.01(3) to Talcott Group

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&nbsp;&nbsp;&nbsp;&nbsp;18 upon Talcott Group's written request, and (C) if required by applicable Law or upon a Governmental Authority request, shall provide Talcott Group with such copy for its review. Service Provider will have the ongoing duty to inform Talcott Group promptly upon learning that any member of the Service Delivery Organization has been convicted of a felony. Should Service Provider learn, after assigning an individual to be part of the Service Delivery Organization, that the individual has been convicted of a felony, Service Provider will promptly advise Talcott Group of such fact and remove the individual from performing Services. (4) Service Provider will not assign any person to provide Services if such person (a) has been convicted of or has an outstanding arrest warrant for a felony within the past seven (7) years, or (b) has been convicted of or entered a plea of guilty, no contest, nolo contendere, or continuation without a finding in the past seven years to (i) any crime of dishonesty, defined as a crime involving identity theft, investments, fraud, theft, bribery, wrongful taking of property, computer fraud and abuse, perjury, forgery, counterfeiting, extortion, false statements, or any other crime involving dishonesty; or (ii) any crime of violence, defined as any crime involving the use, attempted us, or threatened use of physical force against the person of another or that, by its nature, involves a substantial risk that physical force against the person of another may be used in the course of committing the offense. If Service Provider learns that any Service Provider Personnel has been convicted of any of the crimes or satisfies any of the conditions identified in clauses (a) – (b) above, then Service Provider will immediately notify Talcott and remove the individual from performing Services. (5) Service Provider shall, prior to assignment of any personnel to the Service Delivery Organization, validate that such personnel are not listed on any restricted party lists published and maintained by the United States government, including but not limited to the Denied Persons List, Unverified List, Entity List, Specially Designated Nationals (SDN) List, Debarred List, and Nonproliferation Sanctions Lists. The Service Provider shall conduct such screening using the most current lists available through the US Department of Commerce, Department of the Treasury, and Department of State. The Service Provider shall also conduct periodic re-screening and promptly notify Talcott in the event of any changes affecting assigned personnel. Service Provider shall also conduct, at Talcott's request but no more frequently than annually, a review of the lists mentioned above, and shall provide to Talcott certification of the completion of such reviews upon request. Service Provider shall report to Talcott promptly if it becomes aware that a member of the Service Delivery Organization is placed on any of the foregoing lists published by the government of the United States of persons or entities with whom any US person or entity is prohibited from conducting business (or any successor list published by the US Government) and shall promptly, at Service Provider's sole expense and without excusing any of its performance obligations hereunder, remove any such person or entity from performing any Services. Service Provider shall ensure that all Service Delivery Organization personnel performing Services are legally authorized to work in the in compliance with all applicable immigration and employment Laws Service Provider shall also ensure that such personnel are free from any legal, contractual, or other restrictions that would prohibit them from performing Services for Talcott, including but not limited to employment agreements, non-compete agreements, or other restrictive covenants with current or former employers. In the event that any Service Provider Personnel (i) are not legally authorized to work in the United States, (ii) cease to be authorized to work in the United States, or (iii) are otherwise unavailable due to work authorization restrictions, such

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&nbsp;&nbsp;&nbsp;&nbsp;19 circumstances shall not relieve the Service Provider of its obligation to fulfill its staffing commitments under any applicable Statement of Work. (6) As requested, Service Provider shall provide certification that any or all foreign nationals assigned to perform Services for Talcott Group in the United States meet requirements of applicable immigration Laws and bear all expenses for obtaining and maintaining compliance with such Laws. In the United States, applicable immigration Laws include, but are not limited to, as amended, applicable US immigration laws and regulations, including those governing L-1 and H-1B visa programs. In the event that it is necessary for Service Provider to obtain visas or work permits for Service Provider Personnel, Talcott Group will cooperate with Service Provider by using commercially reasonable efforts to facilitate Service Provider's efforts, including, but not limited to, providing, and hereby consents to Service Provider providing to immigration authorities, documentation indicating the nature and location of the work to be performed, the necessity of the work to be performed, and other documentation as may be reasonably required and related to this Agreement (including the existence and terms of this Agreement and the identity of the Parties hereto), and posting such notices as may be legally required (including any legally required notice posting at Talcott Group sites from which the Parties contemplate Services being provided by Service Provider Personnel who are foreign skilled workers). (7) Except where a Statement of Work expressly provides otherwise, Service Provider will cause each member of the Service Delivery Organization to be solely dedicated to the Talcott Group account while providing Services. Service Provider shall ensure that each member of the Service Delivery Organization complies with (a) the confidentiality provisions of this Agreement, both during and after the Term; (b) the provisions of this Article; (c) while such member of the Service Delivery Organization is at any Talcott Group facility, the facility's policies, codes of conduct, and safety requirements applicable to such Talcott Group facility as are made available to such personnel or Service Provider in advance and in writing; and (d) any applicable Policies. Prior to assigning an individual to the Service Delivery Organization, Service Provider has caused, or shall cause, such individual to enter into a non-disclosure and assignment of IP and other proprietary rights agreement no less protective than the form set forth in Schedule H. Section 3.02 Key Personnel and Minimum Retention Roles. (1) The Key Personnel positions (and, in some cases, the names of individuals serving as Key Personnel) will be set forth in the applicable Statement of Work. Unless otherwise agreed by the Parties, subject to the total percentage of Key Personnel not exceeding fifteen percent (15%) of the Service Delivery Organization, Talcott Group may, in its sole discretion, request a change to the Key Personnel positions from time to time. Except where a Statement of Work expressly provides otherwise, Service Provider will cause each of the Key Personnel to be solely dedicated to the Talcott account while providing Services. (2) Before assigning any individual as a Key Personnel, whether as an initial assignment or as a replacement, Service Provider shall: (a) notify Talcott of the proposed assignment; (b) introduce the individual to appropriate representatives of Talcott Group and permit such representatives to interview such individual; (c) provide Talcott Group with a resume and any other information available to Service Provider regarding the individual that may be requested by Talcott Group; and (d) obtain Talcott's approval for such assignment. If Talcott does not approve such individual, Service Provider shall as soon as possible propose a replacement to Talcott Group in accordance with this Section. Service Provider

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&nbsp;&nbsp;&nbsp;&nbsp;20 shall provide Talcott Group with an updated list of all individuals serving as Key Personnel upon request by Talcott. (3) Each individual assigned to be a Key Personnel shall not be removed, replaced or reassigned for the lesser of: (a) the time period for which such individual is contracted to provide Services in the applicable Statement of Work; or (b) twelve (12) months from the date that such individual first began to serve in such role, without first receiving Talcott Senior Executive's prior written consent, which may be withheld in Talcott's sole discretion; provided, however, that Service Provider may replace such Key Personnel if such Key Personnel (i) voluntarily resigns from, or is dismissed by, Service Provider; (ii) dies, is disabled or is placed on long-term medical leave; (iii) is placed on long-term leave due to family considerations, analogous to those codified in the Family and Medical Leave Act (FMLA, US PL 103-3); or (iv) is promoted by Service Provider or is prohibited by law from filling such position (such situations being referred to as "Allowable Removals"); and provided further that if the Talcott Senior Executive does not consent to a requested reassignment, Service Provider may raise its concerns through the governance procedures. Nothing in this Section 3.02 will be deemed to require Service Provider to terminate the employment of such individual. (4) Except for an Allowable Removal, and separate from the retention requirements above, Service Provider will give Talcott at least sixty (60) days' advance notice of a proposed change in any individual serving in a Key Personnel position or Minimum Retention Role and will discuss with Talcott Group any objections Talcott Group may have. Prior to such notice, there must be a transition plan that has been approved in writing by Talcott with respect to such position. Service Provider will arrange, at no charge, for the proposed replacement to work side-by-side with the individual being replaced during the notice period to effectuate a seamless transfer of knowledge prior to the incumbent leaving the Key Personnel position or Minimum Retention Role. Subject to an Allowable Removal, Key Personnel may not be transferred or re-assigned by Service Provider until a suitable replacement has been approved by Talcott, and no such re-assignment or transfer may occur at a time or in a manner that would have an adverse impact on delivery of the Services or Talcott Group's operations. Section 3.03 Replacements and Turnover. (1) Upon receipt of a notice from the Talcott Senior Executive to remove a member of the Service Delivery Organization and provided Talcott Group gives such notice in good faith, Service Provider shall promptly remove any such Service Delivery Organization member; provided, however, that in the event the Talcott Senior Executive requests removal of a Service Delivery Organization member because of such individual's tortious conduct, illegal conduct, failure to comply with Policies (including noncompliance with Talcott Data Safeguards) or moral turpitude, Service Provider shall remove such individual immediately upon receipt of the request from the Talcott Senior Executive. (2) Service Provider shall as soon as reasonably possible replace any Service Delivery Organization personnel who is terminated, resigns, or otherwise ceases to perform the Services with an individual with similar qualifications to perform the Services and shall otherwise maintain backup and replacement procedures for the Service Delivery Organization to maintain continuity of the Services without adversely affecting the performance of the Services or Service Levels.

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&nbsp;&nbsp;&nbsp;&nbsp;21 (3) For clarity, removals or replacements of Service Delivery Organization personnel under this Section 3.03 (or otherwise in accordance with this Agreement, including with respect to Allowable Removals) do not excuse Service Provider from its obligations under this Agreement. (6) Service Provider shall provide Talcott with quarterly reports on attrition rates, and the Parties shall cooperate in good faith to promptly correct any attrition in excess of the rates stated above. Section 3.04 Subcontracting. (1) Service Provider shall not subcontract or delegate performance of the Services or obligations under this Agreement, including to a successor to a Service Provider Agent, without the written consent of Talcott (in its sole discretion); provided, however, that Service Provider may subcontract or delegate performance of the Services or obligations under this Agreement without such consent to (a) a wholly owned Affiliate of Service Provider; (b) a non-wholly owned Affiliate of Service Provider, if such ownership structure is solely due to a requirement of Law; (c) natural persons who are independent contractors, provided that such independent contractors consist of a de minimis portion of the Service Delivery Organization; and (d) vendors providing equipment or software and maintenance services in connection with such equipment or software ("Vendors"). (2) No subcontracting or delegation shall release Service Provider from its responsibility for its obligations under this Agreement and Service Provider shall be responsible for all acts and omissions of the Service Provider Agents, including compliance or any noncompliance with the terms of this Agreement; provided, however, that Service Provider is not required to pass through any obligations under this Agreement to Vendors and Service Provider may engage such Vendors pursuant to such Vendors' standard terms and conditions, and

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&nbsp;&nbsp;&nbsp;&nbsp;22 provided, further, that nothing in this provision shall limit Service Provider's (or CTS US's, as applicable) duties under ARTICLE 9 (Fees and Invoicing) or ARTICLE 10 (Taxes). Service Provider shall be responsible for all payments to the Service Provider Agents. Service Provider shall ensure that any entity to which Service Provider subcontracts or delegates any performance of the Services or any obligations under this Agreement complies with the terms of this Agreement relevant to the services being provided by such Service Provider Agent and shall have agreements with subcontractors that reflect such obligations (which may include replicating the applicable provisions of this Agreement into the subcontract). Service Provider may contract with Vendors providing equipment or software and maintenance services around such equipment or software in accordance with such Vendor's standard terms and conditions and is not required to pass through any obligations under this Agreement except to the extent necessary for Service Provider to meet its Service Levels (provided that this sentence does not limit Service Provider's obligations to Talcott Group hereunder). (3) To the extent any subcontractor or other Service Provider Agent is providing the Services or performing any other obligation of Service Provider under this Agreement, use of the term "Service Provider" shall include such subcontractor or other Service Provider Agent (i.e., acts and omissions of such parties will be deemed to be acts and omissions of Service Provider). The inclusion of Service Provider Agent within the definition of "Service Provider" does not cause any Service Provider Agent to be a party to this Agreement (or be part of the term "Party"). For the avoidance of doubt, subject to ARTICLE 17, Service Provider shall be fully responsible and liable for the acts and omissions of Service Provider Agents to the same extent as if Service Provider committed such acts and omissions. Section 3.05 Transfer of Talcott Personnel. A Statement of Work may set forth certain requirements and other provisions that will govern any transfer of Talcott Group employees to Service Provider in connection with such Statement of Work. ARTICLE 4 SERVICE LOCATIONS. Section 4.01 Place of Performance. Service Provider shall provide the Services from the Service Locations as set forth in the applicable Statement of Work, and in accordance with the specified terms and conditions related to the applicable Service Locations as further set forth in the Statement of Work. Notwithstanding anything to the contrary herein, if Talcott Group or Service Provider concludes that it is necessary to relocate any of the Services to be performed under a Statement of Work pursuant to this Agreement in order to comply with applicable Laws or policies, Talcott and Service Provider shall negotiate in good faith and agree to such revised terms. If Service Provider provides Services from any Talcott Service Locations, Service Provider's use of any such Talcott Service Location shall be subject to Section 4.02 below. Section 4.02 Talcott Service Locations. (1) Service Provider shall cause all personnel in the Service Delivery Organization to: (a) comply with all Talcott Service Location rules, regulations, and guidelines of Talcott Group communicated in advance and in writing to, or otherwise known by, Service Provider; (b) confine themselves to areas designated by Talcott Group; and (c) be subject to Talcott Group's badge and pass requirements in effect at the applicable Talcott Service Location.

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&nbsp;&nbsp;&nbsp;&nbsp;23 (2) All Talcott Service Locations shall be provided to Service Provider on an "as is, where is" basis, without warranty and shall remain the property of Talcott Group. Access to the Talcott Service Location shall be granted by Talcott Group in its sole discretion. (3) Service Provider shall only use the Talcott Service Location for general office purposes or such other specific purposes agreed to by the Parties. Such use shall only be to perform Service Provider's obligations under this Agreement, shall be in a reasonably efficient manner, and shall be in a manner consistent with current use. Service Provider shall keep the Talcott Service Locations in good order, shall not commit waste or damage on the Talcott Service Location, and shall not use the Talcott Service Location for any unlawful purpose or act. Use of the Talcott Service Location shall not create a leasehold or other real property interest in favor of Service Provider. (4) If Service Provider is using a Talcott Service Location in an inefficient manner that is inconsistent with the manner in which it had been historically used by Talcott Group, Talcott Group will be permitted to pass-through to Service Provider any increases in facilities costs and expenses attributable to Service Provider's inefficient use. (5) Service Provider shall not assign, sublet, or sublicense the Talcott Service Location or make any modifications or alterations to the Talcott Service Location without the prior written consent of Talcott. (6) Service Provider shall (a) only permit the Service Delivery Organization personnel to have access to, or to use, the Talcott Service Location, and (b) permit Talcott Group to enter the Talcott Service Location at any time as necessary for items such as inspection or maintenance of the Talcott Service Location; provided, however, that Talcott Group shall not unduly interfere with Service Provider's performance of its obligations. (7) Service Delivery Organization personnel may be required, at Talcott Group's discretion, to carry Talcott Group's identification credentials while accessing such space, which shall be surrendered upon demand or completion of such individual's services. The identification credentials shall be used only as directed by Talcott Group. Service Provider shall be liable for any unauthorized use of the identification credentials by the Service Delivery Organization personnel. If an individual who has been given Talcott Group identification credentials leaves Service Provider's employment or ceases to perform the Services, Service Provider shall promptly identify such individual to Talcott Group and return such individual's identification credentials to Talcott Group. In the event such identification credentials are not promptly returned, Service Provider shall promptly provide a written explanation to Talcott Group. If an individual who has been given Talcott Group identification credentials loses such credentials, Service Provider shall reimburse Talcott Group for any charges, fees or expenses related to replacing such credentials to the same extent that Talcott Group's own employees must reimburse Talcott Group for any charges, fees, or expenses related to lost credentials. (8) Talcott Group shall provide Supplier the facilities services that Talcott Group customarily provides to its contractor personnel at such space. (9) Talcott Group may suspend any member of the Service Delivery Organization's use of any such Talcott Service Location, upon notice to Service Provider, if such personnel fails to use any such space in accordance with the use terms set forth in this Section 4.02, and

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&nbsp;&nbsp;&nbsp;&nbsp;24 Talcott Group's suspension of personnel's use of such Talcott Service Location shall not be deemed a Relief Event. (10) Service Provider's right to use such space shall cease at the end of the Term. Talcott Group may terminate Service Provider's use of any such space upon thirty (30) days' notice to Service Provider; provided, however, that Talcott Group shall provide comparable alternative space at another Talcott Service Location located within a reasonable distance of such terminated space, or the Parties may agree on alternative arrangements, if Service Provider does not have alternative space and such termination would adversely affect Service Provider's performance of its obligations. Section 4.03 Relocations and New Service Locations. Provision of any Services from any new service location, as well as any additional Service to be performed from an approved Service Location, must be approved in advance by Talcott (in its sole discretion); provided, however, that such approval shall not be required (but prior notice shall be required) if the other service location is a building within a contiguous corporate campus that contains an existing Service Provider Service Location. If Talcott rejects any proposed service location, it shall provide the reason for such rejection. If Service Provider requests a relocation to, or use of, another service location, any incremental cost and expense reasonably incurred by Talcott Group as a result of such relocation or use shall be reimbursed by Service Provider to Talcott Group. In addition, Service Provider's consolidation of any Service Locations or movement of a Service from one location to another, and any other closure of any Service Location by Service Provider, must be approved in advance by Talcott and any incremental cost (including increased Service Taxes for which Talcott Group is financially responsible under this Agreement) and expense reasonably incurred by Talcott Group as a result of consolidation, movement, or closure of any Service Location shall be reimbursed by Service Provider to Talcott Group. In the event Talcott Group requests that Service Provider provide any Services from any other service location, Service Provider shall relocate the provision of such Services in accordance with such request, and any incremental cost and expense reasonably incurred by Service Provider as a result of relocation to, or use of, another such service location shall be reimbursed by Talcott Group to Service Provider; provided, however, that any incremental cost and expense reasonably incurred by either Party as a result of a relocation due to a Talcott Group request based on the following shall be the financial responsibility of Service Provider: (1) work being performed from a location not approved in accordance with this Section; (2) Service Provider's breach of this Agreement that can only be remedied by relocation; or (3) a reasonably prudent supplier would have relocated from the location or geography based on the geopolitical, environmental, or other risks of remaining in such area. Service Provider shall keep the Talcott Service Locations and Talcott Group assets free of any liens arising from the acts or omissions of Service Provider. ARTICLE 5 COOPERATION WITH OTHER SUPPLIERS. Section 5.01 Cooperation with Other Suppliers. Service Provider shall cooperate with any Other Supplier, to the extent required for Service Provider to provide the Services in accordance with this Agreement or to the extent required for such Other Supplier to provide its services to Talcott Group. Such cooperation shall include: (1) provision of requested and applicable written information concerning the Services, data and technology used in providing the Services including information regarding the operating environment, system constraints, and other operating parameters; (2) reasonable assistance and support to the Other Suppliers;

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&nbsp;&nbsp;&nbsp;&nbsp;25 (3) reasonable access to Service Provider and Talcott Group Systems and architecture configurations associated with the Services, to the extent reasonably requested by Other Suppliers; and (4) access to and use of the Service Provider IP and Service Provider hardware to the extent reasonably requested by Other Suppliers; provided, however, that provision of such information, assistance, support, and access shall be subject to such Other Supplier being bound by confidentiality provisions consistent with those in this Agreement and complying with Service Provider's security policies or license restrictions, to the same extent such policies are applicable to Talcott Group under this Agreement. Section 5.02 Cooperation on Failures. Service Provider shall cooperate with the Other Suppliers and Talcott Group to establish the root cause of any failure. To the extent the root cause of such a failure falls within the responsibility of Service Provider or any of the Other Suppliers to correct, each shall provide to the others, as requested, reasonable assistance and support regarding the resolution of the failure. Talcott Group shall use commercially reasonable efforts to cause Other Suppliers to cooperate with Service Provider in a manner consistent with this Article. In no event shall such assistance and support affect the overall allocation of responsibility between Service Provider and the Other Suppliers regarding (1) Service Provider's performance of its obligations under this Agreement (including Service Provider's performing the Services in accordance with the Service Levels); and (2) any Other Supplier's obligations relating to Talcott Group. Service Provider shall not be responsible for performing the Other Suppliers' obligations to Talcott Group. ARTICLE 6 LICENSES, PROPRIETARY RIGHTS, AND AI USE. Section 6.01 Talcott IP. Except to the extent otherwise expressly provided in an applicable Statement of Work, or in a separate agreement between the Parties, to the extent Service Provider requires use of the Talcott IP in connection with providing the Services, Talcott hereby grants Service Provider a global, revocable, royalty-free, nonexclusive, nontransferable limited license for Service Provider and Service Provider Agents to access, use, and copy the Talcott IP (but only to the extent permitted by any applicable third-party license agreement) solely for purposes of performing the Services under this Agreement. Such license shall be only for the term of the Statement of Work and any Termination Assistance Period thereafter and shall be limited to the extent necessary for Service Provider and Service Provider Agents to perform their obligations hereunder. Section 6.02 Service Provider IP. (1) Except to the extent otherwise expressly provided in an applicable Statement of Work, or in a separate license agreement between the Parties, and provided that no portion of the Service Provider IP is separated or unbundled or used as a stand-alone product or development tool, (a) to the extent Talcott Group or any other Service Recipients require use of any Service Provider IP in connection with the receipt of the Services, Service Provider hereby grants Talcott Group and such Service Recipients during the Term, solely for Talcott Group and Service Recipients to receive the Services, a global, royalty-free, fully paid-up, irrevocable, non-exclusive license to use such Service Provider IP; and (b) such license shall extend to third parties providing services to Talcott Group or Service Recipients to the extent necessary for such services to be provided by such third parties; provided, however, that such third parties are bound by confidentiality obligations similar to those of Talcott hereunder.

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&nbsp;&nbsp;&nbsp;&nbsp;26 (2) Except to the extent otherwise expressly provided in an applicable Statement of Work, or in a separate license agreement between the Parties, following the Term (and any Termination Assistance Period thereafter), to the extent Talcott Group or any other Service Recipients reasonably require use of any Service Provider IP in connection with performance or receipt of services that replace any of the Services, and such Service Provider IP is not commercially available to licensees such as Talcott Group, then Service Provider hereby grants Talcott Group and such Service Recipients a perpetual, global, royalty-free, irrevocable, non-exclusive license to use such Service Provider IP. Such license shall extend to third parties providing services to Talcott Group to the extent necessary for such services to be provided by such third parties; provided, however, that such third parties are bound by confidentiality obligations similar to those of Talcott hereunder. Upon Talcott Group's request, Service Provider will support such Service Provider IP after such termination or expiration, as follows: (a) if Service Provider has a maintenance and support offering for such Service Provider IP, then it shall make such offering available to Talcott Group on commercially reasonable terms and pricing, and in no event shall such terms and pricing be more restrictive or unfavorable to Talcott Group than offered by Service Provider to similar entities in similar circumstances; or (b) if Service Provider does not have such a maintenance and support offering, then Service Provider shall either, at its option, provide such support as part of Termination Assistance, and thereafter at rates consistent with the rates in Schedule D and the applicable Statement of Work or provide the source code for such Service Provider IP. Section 6.03 Artificial Intelligence. (1) General. The terms of this Section 6.03 shall apply to (i) any use of AI by Service Provider, its Affiliates, and any Service Provider Agents in connection with the Services, except for AI provided or approved in writing by Talcott (in its sole discretion); or (ii) any incorporation or integration of AI (including any Third-Party Materials constituting or incorporating any AI) in the Services or Deliverables except for AI provided or approved in writing by Talcott (in its sole discretion) ("Service Provider Use of AI"). The terms of this Section 6.03 contain additional terms and conditions relating to Service Provider Use of AI which supplement (and shall not limit) the terms and conditions contained elsewhere in this Agreement (including with regard to Talcott Data, confidentiality, proprietary rights, and compliance with laws). In the event of a conflict between the terms of this Section 6.03 and any other provision of this Agreement, the terms of this Section 6.03 shall control. (2) Service Provider Use of AI. (a) Service Provider shall not, and shall ensure that its Affiliates and Service Provider Agents do not, directly or indirectly through any third party, without Customer's prior written approval in each instance: (i) engage in any Service Provider Use of AI, including in the development or provision of any Deliverables, the generation of Synthetic Data, the processing of any Talcott Data or Talcott Confidential Information, or otherwise in connection to this Agreement; (ii) include any Talcott Data or Talcott Confidential Information, or any portion or attributes thereof, in any AI-related designs, databases, or models, including, without limitation, any data pools, data lakes, data sets, or other data storage or data management; or

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&nbsp;&nbsp;&nbsp;&nbsp;27 (iii) use any Talcott Data or Talcott Confidential Information, or any portion or attributes thereof, to train, or otherwise enhance the capabilities of, any AI (including, without limitation, AI designs, models, or tools) or in the development or enhancement of any AI (including, without limitation, AI designs, models, or tools). (b) If Service Provider desires to engage in any Service Provider Use of AI directly, or indirectly through any third party, in a manner prohibited by this Section 6.03(2), then Service Provider shall provide Talcott a written request for approval, which request shall include a detailed proposal describing, as applicable, the specific AI involved, the purpose and function of the AI, risk assessments conducted for the AI, known potential risks for the use of the AI, mitigation procedures that Service Provider will establish and maintain for the use the AI, data used in the AI, data privacy and security impact assessments for use of the AI, audit and testing procedures, and other information reasonably requested by Talcott. Service Provider's proposal shall be provided with full transparency to enable Talcott to meaningfully evaluate the proposed Service Provider Use of AI. (c) For clarity, Talcott's approval is not required for Service Provider to use AI to perform internal business operations incidental to the Services. (3) Additional Terms Relating to AI. (a) Compliance with AI Laws. Without limiting Service Provider's other compliance with Laws obligations under the Agreement, Service Provider shall comply with and shall ensure any Service Provider Use of AI complies with all AI Laws applicable to Service Provider or identified by Talcott in writing. Further, Service Provider shall diligently track current and emerging AI Laws applicable to Service Provider or identified by Talcott in writing and promptly implement any necessary changes to its Services and Service Provider Use of AI in connection therewith, in order to comply with any changes to such AI Laws, subject to Talcott's prior written approval for any changes to the Services or Service Provider Use of AI previously approved by Talcott. (b) Synthetic Data. All Synthetic Data generated or derived by Service Provider use of AI from Talcott Data or Talcott IP, or any portion or attributes thereof, shall be deemed Talcott Data and/or Talcott IP. (c) Responsible AI Practices. With respect to any Service Provider Use of AI, Service Provider shall: (i) not (a) use or disclose Talcott Data or Talcott Confidential Information in connection with any external large language model, application, bot, software, or website, including those using AI technology not approved by Talcott, in writing; or (b) use or disclose Talcott Data or Talcott Confidential Information, or its related results, outcomes or outputs, in any manner not approved by Talcott in writing; (ii) test (pre-deployment, design and build, deployment, and post-deployment) applicable AI designs, models, data, algorithms, results, outcomes and outputs using Talcott Data or Talcott IP as required by a Statement of

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&nbsp;&nbsp;&nbsp;&nbsp;28 Work, such testing may include, on an ongoing basis, tests for unfair bias or discrimination, for compliance with applicable Laws, and for conformance with Talcott's internal compliance practices and policies; Service Provider shall provide copies of any test reports to Talcott upon request; (iii) conduct an annual, independent third-party unfair bias and data integrity audit if required by a Statement of Work to confirm that any applicable AI designs, data, models, algorithms, outputs, and outcomes comply with the terms of this Agreement, such audit may include, without limitation, with respect to any models, predictive analytics, conditions, or data that could be used in a manner that results in unfair bias or discrimination; Service Provider shall provide copies of the audit report to Talcott upon request; (iv) conduct reasonable risk assessments of the AI's impact before, during, and after its use as required by a Statement of Work, such risk assessment may include any risk assessments recommended or required under AI Laws; and (v) establish robust AI governance mechanisms and policies, including regular internal audits and reviews (including cybersecurity and data privacy reviews), to ensure compliance with AI Laws applicable to Service Provider. (d) Ownership. Unless otherwise agreed to in writing by the Parties, all outputs (including content, predictions, recommendations, decisions, and results) generated by AI in response to processing Talcott Data or Talcott IP as input shall be deemed Talcott Data and/or Talcott IP, as applicable, and may not be used or disclosed by Service Provider for any purpose other than as necessary to perform the Services. Section 6.04 Residual Information. Either Party and its Affiliates may use, during and after the Term hereof, in its business any Residual Information. "Residual Information" means the ideas, know-how and techniques that would be retained in the unaided memory of an ordinary person skilled in the art, not intent on appropriating the proprietary information of the disclosing party, provided such use does not infringe any patent, copyright, or trademark of the other Party or its Affiliates. For the avoidance of doubt, no intellectual property rights are granted under this Section 6.04, nor does this Section waive or supersede any rights or obligations set forth in ARTICLE 13. Section 6.05 Deliverables. Unless otherwise agreed to by the Parties, Talcott shall own and have all right, title, and interest in and to the Deliverables, as of the moment of their creation; provided that in no event will Service Provider IP or Third-Party Materials, or derivatives thereof be deemed to be Deliverables. Service Provider hereby irrevocably assigns, transfers, and conveys to Talcott all of its right, title, and interest in and to the Deliverables. Service Provider shall execute any documents (or take any other actions, at Talcott's cost and expense) as may be necessary, or as Talcott may reasonably request, to perfect the ownership of Talcott in the Deliverables or otherwise to establish, preserve, and enforce Talcott Group's rights under this Section 6.05. Talcott may designate another entity of Talcott Group for the ownership in this Section 6.05, in which case the references to Talcott in this Section shall be to such Talcott Group entity.

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&nbsp;&nbsp;&nbsp;&nbsp;29 (1) Service Provider agrees that all Deliverables are, to the extent possible under law, a "work made for hire" (as defined in the United States Copyright Act of 1976 or other applicable laws). Accordingly, Talcott will be considered the author of such Deliverables for all purposes, and Talcott will be and remain at all stages of completion, the sole and exclusive owner of Deliverables. To the extent any Deliverable is not deemed to be a work made for hire, Service Provider will assign the rights, title, and interest in and to such Deliverable to Talcott. If any of the rights, title, and interest in and to a Deliverable cannot be assigned by Service Provider to Talcott, then Service Provider hereby grants Talcott an exclusive, perpetual, royalty-free, fully paid up, irrevocable, worldwide license, and right to practice (and to permit its Affiliates and service providers to do the same, and also to sublicense such rights through multiple tiers) such non-assignable rights, title, and interest, subject to any limitations set forth in the Agreement or an applicable Statement of Work. Service Provider hereby covenants and agrees not to institute or support any action or claim that any such exploitation of a Deliverable by Talcott infringes any of Service Provider's or its employees' legal or moral rights and not to take any other action which will or might interfere with or derogate Talcott's rights granted herein. Further, Service Provider will not cause or permit any liens or encumbrances to be placed against, or grant any security interest in, a Deliverable (or Talcott Group's Confidential Information). Service Provider further agrees that Talcott will have the sole and exclusive right to register in its own name the copyrights and other intellectual property rights in and to the Deliverables. (2) Service Provider agrees that, except as may be expressly permitted in a Statement of Work, (a) Service Provider will not incorporate any Service Provider IP or Third-Party Materials in any Deliverables; (b) Deliverables will not be derivative works of Service Provider IP or Third-Party Materials; (c) Deliverables will not be subject to any open source licenses; and (d) Deliverables will not otherwise be dependent on Service Provider IP or Third-Party Materials to produce the intended functionality. (3) To the extent Service Provider IP or Third-Party Materials are incorporated in any Deliverables, then Service Provider hereby grants to Talcott Group a non-exclusive, perpetual, royalty-free, fully paid up, irrevocable, worldwide license to access, use, copy, configure, maintain, modify, enhance, install, perform, display, distribute, and (unless the Parties' agree otherwise in the applicable Statement of Work) create derivative works of any such Service Provider IP or Third-Party Materials (and to permit Service Recipients to do the same, and also to sublicense such rights through multiple tiers) solely in connection with the operation, use, exploitation, and/or full enjoyment of all rights in and to the Deliverables, and in accordance with any further terms set forth in the applicable Statement of Work; and provided that no portion of the Service Provider IP is separated or unbundled from the applicable Deliverables or used as a stand-alone product or development tool. Except as expressly provided in the foregoing sentence, nothing contained in this Agreement or otherwise shall be construed to grant to Talcott any right, title, license, or other interest in, to or under any Service Provider IP (whether by estoppel, implication, or otherwise). (4) Service Provider shall provide Talcott Group with all Related Documentation (and other documentation that is IP) that is customarily provided with the applicable type of Deliverable and such Related Documentation (and other documentation that is IP) shall be accurate, current, and complete and sufficient to enable an individual reasonably skilled in the applicable subject matter to use and maintain the Related Documentation without reference to any other person or materials.

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&nbsp;&nbsp;&nbsp;&nbsp;30 Section 6.06 Consents, Approvals, and Requests. Service Provider shall be, at its sole cost and expense, financially and administratively responsible for obtaining, maintaining, and complying with the Service Provider Consents under any of the leases, contracts, or licenses that apply to the Services and Service Provider Solution, or any other facilities, personnel, equipment, Software, services, or other resources that Service Provider makes available to Talcott Group in connection with the performance or delivery of Services. In the event that Service Provider is unable to obtain a Service Provider Consent, Service Provider shall implement (at its own cost and expense), subject to Talcott's consent (not to be unreasonably withheld), a work around as necessary to enable Service Provider to provide the Services without such consent. Upon Talcott's request, Service Provider shall provide Talcott Group with evidence of any Service Provider Consent. Section 6.07 Restrictions. Neither Party shall decompile, disassemble, or reverse engineer any of the IP of the other Party. Each Party grants only the licenses expressly set forth in this ARTICLE 6 and no other licenses are granted. ARTICLE 7 DATA, PRIVACY, AND CYBERSECURITY. Section 7.01 Ownership of Data. As between the Parties, Talcott Data will be and remain the property of Talcott Group. Service Provider may not use Talcott Data for any purpose other than to render the Services. No Talcott Data will be sold, shared, assigned, leased or otherwise commercially exploited by or on behalf of Service Provider (or any Service Provider Agent). Neither Service Provider nor any Service Provider Agent may possess or assert any lien or other right against or to Talcott Data. To the extent Service Provider has or acquires any rights in Talcott Data, Service Provider hereby irrevocably assigns, transfers, and conveys to Talcott (or the entity of Talcott Group designated by Talcott) all of its right, title, and interest in and to Talcott Data. Upon Talcott Group's request, Service Provider shall execute any documents (or take any other actions) as may be necessary, or as Talcott Group may request, to enforce the rights of Talcott Group in Talcott Data. If such other actions impose a material cost on Service Provider, such other actions shall be at Talcott Group's cost and expense, unless such other actions are required as a result of a Service Provider act or omission, in which case such other actions shall be at Service Provider's cost and expense. Section 7.02 Correction of Errors. Service Provider shall promptly (1) notify Talcott Group of any errors or inaccuracies in, or loss of, Talcott Data if and when Service Provider becomes aware of such errors or inaccuracies; (2) correct any such errors, inaccuracies, or loss (including, restoring such Talcott Data to the last backup, if necessary) at its cost and expense to the extent such errors, inaccuracies, or loss are caused by Service Provider's act or omission (unless such act or omission was taken at the direction of Talcott Group); and (3) correct any such errors, inaccuracies, or loss (including, restoring such Talcott Data to the last backup, if necessary) upon Talcott Group's request and at Talcott Group's cost and expense to the extent such errors, inaccuracies or loss are (a) not caused by Service Provider's act or omission; or (b) caused by Service Provider's act or omission taken at the direction of Talcott Group. In the event of a dispute as to which Party caused such error, or inaccuracy, Service Provider shall promptly correct such error, inaccuracy, or loss at its cost and expense as directed by Talcott Group pending the resolution of such dispute in accordance with the Dispute Resolution Procedures. If it is determined through the Dispute Resolution Procedures that Service Provider did not cause such error, inaccuracy, or loss, Talcott Group shall compensate Service Provider (using the applicable rates set forth in Schedule D) for Service Provider's performance of the services necessary to correct such error, inaccuracy, or loss. Section 7.03 Privacy and Cybersecurity. In connection with its provision of the Services, Service Provider shall comply with the Talcott Data Safeguards, including the terms set forth in Exhibit I.

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&nbsp;&nbsp;&nbsp;&nbsp;31 ARTICLE 8 ACCEPTANCE PROCEDURES. Section 8.01 Acceptance Criteria. (1) All Services, Milestones, and Deliverables will be subject to review and Acceptance by Talcott Group. The Parties shall comply with the Acceptance Procedures set forth in this ARTICLE 8 and/or the applicable Statement of Work or Project Plan. (2) The Acceptance Criteria for each Acceptance Element shall be set forth in the applicable Statement of Work or Project Plan for the Project under which such Acceptance Element is to be completed. (3) The Acceptance Criteria may include the procedures and criteria for testing whether the applicable Acceptance Element meets the relevant requirements, including: (a) measurable and objective details of the criteria to be met and the results which must be produced for the Milestone or Deliverable to meet the Acceptance Criteria; and (b) the Party who shall undertake the Acceptance Testing. (4) For each Acceptance Element, in the absence of any documented Acceptance Criteria mutually agreed by the Parties, the Acceptance Criteria will be as reasonably determined by Talcott Group based on relevant past practice (if any) with Service Provider on Acceptance Criteria as it relates to the particular Acceptance Element. (5) Unless otherwise set forth in the applicable Acceptance Criteria, Statement of Work or Project Plan, Service Provider shall provide each written Deliverable to Talcott Group in electronic format, on such media or in such manner as Talcott Group may reasonably request. (6) Acceptance of a Milestone is predicated on the successful completion of any applicable Deliverables related to such Milestone. Section 8.02 Review and Acceptance of Milestones and Deliverables. (1) Service Provider shall provide Talcott Group with reasonable prior notice of when Service Provider believes such Milestone will be achieved or when Talcott Group will be receiving such Deliverable, for purposes of review and Acceptance. (2) During the Review Period, Talcott Group may review such Milestone or Deliverable to ascertain whether it complies with its Acceptance Criteria. (3) Unless otherwise specified in the Acceptance Criteria for such Milestone or Deliverable, the Review Period for a particular Milestone or Deliverable shall be fifteen (15) Business Days from when (a) Service Provider notifies Talcott Group that Service Provider believes the Milestone is ready for Talcott Group's review; or (b) the Deliverable is delivered or transmitted to Talcott Group; provided, however, that if Talcott Group requests an extension in writing prior to the end of such Review Period, then such period shall be extended an additional ten (10) Business Days or such shorter time requested by Talcott Group. In the event Talcott Group rejects the Milestone or Deliverable for its failure to

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&nbsp;&nbsp;&nbsp;&nbsp;32 satisfy the Acceptance Criteria, Talcott Group will notify Service Provider and provide reasonable details of the failures, errors, or non-conformities. (4) If Talcott Group does not Accept or reject a Milestone or Deliverable by the end of the Review Period, then: (a) If Talcott Group did not extend the initial Review Period in accordance with Section 8.02(3) above, then Service Provider shall so inform the Talcott Senior Executive in writing, and Talcott Group will be given an additional Review Period of five (5) Business Days from receipt, or such other period agreed by the Parties for such Milestone or Deliverable. If Talcott Group does not notify Service Provider of its Acceptance or rejection of such Milestone or Deliverable prior to the end of the second Review Period, then Talcott Group will be deemed to have Accepted such Milestone or Deliverable; or (b) If Talcott Group extended the initial Review Period in accordance with Section 8.02(3) above, then there shall be no second Review Period and Talcott Group will be deemed to have Accepted such Milestone or Deliverable. For clarity, Acceptance will occur only as described above in this Section 8.02, and no Milestone or Deliverable will otherwise be deemed to be Accepted by Talcott Group, including based on payment or use of such Milestone or Deliverable. (5) If Talcott Group rejects any Milestone or Deliverable for failure to meet the Acceptance Criteria, then Service Provider shall, subject to Section 8.05 below, promptly (and in any event within twenty (20) Business Days, unless the Parties mutually agree otherwise) correct and remedy any failures, errors, or non-conformities reported by Talcott Group, at no additional cost to Talcott Group. After such Milestone or Deliverable has been corrected as described above, Service Provider shall provide the revised Milestone or Deliverable to Talcott Group, whereupon the procedures set out in this Section 8.02 will be repeated, in each case subject to Section 8.05 below, until Acceptance is achieved. Section 8.03 Project Phases and Milestones. (1) Project Plan. Each Project Plan shall specify the phases of the applicable Project (each, a "Project Phase") and the Acceptance Elements applicable to the Project and each Project Phase, including: (a) the Completion Date for each Acceptance Element; (b) the time period during which Acceptance Testing is to be performed; (c) the dates by when Acceptance Testing is scheduled to commence and be completed (and may also include dates by which Service Provider must complete any remediation that may be necessary to address and resolve nonconformities); and (d) any applicable Milestone Credits for failure to achieve Acceptance for a Milestone by its Completion Date. (2) Project Phase Review Meetings. At the end of each of Project Phase, the Parties shall hold a review meeting to assess the status of completion and the quality of Service Provider's

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&nbsp;&nbsp;&nbsp;&nbsp;33 activities relevant to the completion of such Project Phase, together with an assessment as to whether the associated Acceptance Elements have been achieved. (a) If Service Provider becomes aware of any circumstances that may reasonably be expected to jeopardize the timely and successful completion (or delivery) of any Acceptance Element by its Completion Date, then Service Provider shall promptly notify Talcott Group of such possibility and use commercially reasonable efforts to avoid or minimize any delays in performance; provided, however, that Service Provider shall remain responsible for the original Completion Date for such Acceptance Element except as otherwise provided under Section 2.05. (b) In any such case, Service Provider shall allocate additional resources to the Project (except to the extent none are reasonably available) to attempt to meet the Completion Date for such Acceptance Element. Such additional resources will be provided without any additional fees to Talcott Group; provided, however, to the extent the triggering circumstance was due to Talcott Group's failure, then any such additional resources would be subject to the Change Procedures. Section 8.04 Acceptance Testing. (1) General. (a) In accordance with the responsibilities allocated to each Party in the applicable Statement of Work and Project Plan or as otherwise determined by Talcott Group, Service Provider shall either conduct Acceptance Testing of each Acceptance Element or provide Talcott Group with the cooperation and assistance required or requested by Talcott Group in connection with Talcott Group's Acceptance Testing, including any necessary technical support, assistance and advice to resolve any open questions or issues during Acceptance Testing. (b) In all instances, Service Provider shall perform such tests as it reasonably determines are necessary to satisfy itself that Talcott Group (or Service Provider, as applicable) should commence the performance of Acceptance Testing in accordance with the applicable Statement of Work and Project Plan.

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&nbsp;&nbsp;&nbsp;&nbsp;34 (2) Go Live Milestones – Service Readiness Tests. (a) For each Project or portion of a Project that includes a Go Live Milestone, the provisions of this Section 8.04(2) shall apply with respect to such Go Live Milestone. (b) Service Provider shall provide Talcott Group reasonable notice of the dates and times at which Service Provider will perform the Service Readiness Tests (as described below) for the Go Live Milestone. Service Provider shall permit Talcott Group and any third party appointed by Talcott Group to attend the performance of such tests. (c) Each Go Live Milestone shall only be achieved when Service Provider has successfully completed the Service Readiness Tests and the results (including Deliverables) are shared with and Accepted by Talcott Group. (d) The applicable Statement of Work or Project Plan may set forth the Service Readiness Tests and the associated Acceptance Criteria for each Go Live Milestone, so as to assess whether Service Provider is ready to start performing the applicable Services in a live production environment and in place of Talcott Group and/or any outgoing service provider (including, where relevant, an assessment of the performance, functionality, scalability, and integration of the system and its constituent parts); provided, however, in the absence of any documented Acceptance Criteria in the Statement of Work or Project Plan, the Acceptance Criteria instead shall be reasonably determined by Talcott Group and based on relevant past practice (if any) with Service Provider. (e) Notwithstanding that Talcott Group may have Accepted certain related Acceptance Elements prior to the performance of the Service Readiness Tests for a Go Live Milestone, Talcott Group may, as part of the testing of the Go Live Milestone, reperform Acceptance Testing against the original Acceptance Criteria with respect to such Acceptance Elements as Talcott Group considers reasonably appropriate. If any such retested Acceptance Element is rejected by Talcott Group based on a failure to meet the original Acceptance Criteria that could not reasonably have been ascertained during the Review Period for the Acceptance Element, Service Provider shall promptly remedy such nonconformities identified by Talcott Group and resubmit such Acceptance Element for testing and Acceptance. (f) The Service Readiness Tests, at a minimum and in the absence of any agreement between the Parties to the contrary, shall include: (i) technology readiness testing; (ii) security testing; (iii) business continuity/failover testing; (iv) main process scenario testing; (v) end-user testing;

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&nbsp;&nbsp;&nbsp;&nbsp;35 (vi) hand-off testing; and (vii) quality of transaction testing. Section 8.05 Additional Terms on Acceptance and Rejection. (1) When Talcott Group has confirmed that Service Provider has satisfied the relevant Acceptance Criteria with respect to an Acceptance Element, Talcott Group shall issue its Acceptance of such Acceptance Element, and where applicable, such Project Phase. (2) If Service Provider fails to deliver any Acceptance Element by its required delivery date, or if any Acceptance Element is not corrected after Service Provider has had one opportunity following Talcott Group's rejection, then in either case Talcott Group may do one or more of the following without prejudice to any other rights and remedies available to Talcott Group in this Agreement, at law or in equity: (a) engage a third party to remedy the defects, errors, or failures preventing the Acceptance Criteria from being met, and recover the reasonable additional costs in doing so from Service Provider, such recovery to be capped at an amount equal to an equitable percentage of the Fees for the Acceptance Element (based on the relative size, from a work effort perspective, of the component of the Acceptance Element that is subject to the defect/error/failure); in which case Service Provider shall provide all assistance reasonably required by Talcott; (b) require Service Provider to continue working to correct the applicable nonconformity in accordance with Section 8.05(3), at no additional cost; (c) refuse the Acceptance Element (in each case in whole or in part in Talcott Group's sole discretion), in which case Talcott Group shall return the Acceptance Element and Service Provider shall promptly credit to Talcott Group the amounts paid in respect of such Acceptance Element or a portion thereof; and (d) where the failure of the Acceptance Element to achieve Acceptance materially impacts the benefit that Talcott Group can derive from other Acceptance Elements, reject the Acceptance Element and all such other materially impacted Acceptance Elements, and return all rejected Acceptance Elements to Service Provider, in which case Service Provider shall promptly credit to Talcott Group the amounts paid in respect of the rejected items. (3) If Talcott Group requires Service Provider to correct the non-conformity, Service Provider shall promptly, at Service Provider's sole cost and expense, correct the nonconforming Acceptance Element so that it conforms with the Acceptance Criteria in accordance with the time lines set forth in the Project Plan or applicable Statement of Work, or if no applicable dates are set forth, within five (5) Business Days or such other period of time mutually agreed by Talcott Group and Service Provider, and complete and resubmit such Acceptance Element to Talcott Group for further review. (4) Upon any resubmission pursuant to Section 8.05(3), the applicable Party shall conduct Acceptance Testing for such Acceptance Element and Talcott Group shall have the rights set forth above.

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&nbsp;&nbsp;&nbsp;&nbsp;36 (5) Notwithstanding a failure to achieve Acceptance of an Acceptance Element or Go Live Milestone, Talcott Group shall have the right to require Service Provider to proceed with the provision of Services, including in respect of further Deliverables, Milestones, or phases following the relevant Go Live Milestone, provided that if Service Provider does so: (a) Service Provider shall promptly provide such unapproved or non-Accepted Acceptance Elements to Talcott Group, for Talcott Group to review pursuant to the procedures above, provided that such review period will be limited to five (5) Business Days (unless mutually agreed otherwise); (b) any rework performed by Service Provider as a result of failing to have the Acceptance Element approved when required, shall not be chargeable to Talcott Group and shall be performed at Service Provider's cost; and (c) where Service Provider does continue to perform the Services in the situations described in this Section 8.05(5), Service Provider shall not be entitled to claim relief in relation to any failure or delay in the performance of the Services to the extent related to a failure in having the Acceptance Element approved. ARTICLE 9 FEES AND INVOICING. Section 9.01 Fees. Talcott Group shall pay to Service Provider the fees, not otherwise disputed in good faith, as set forth in Schedule D and the applicable Statement of Work for the performance of the Services described in such Statement of Work (the "Fees") within thirty (30) days after receipt of a correct and complete invoice from Service Provider in accordance with this ARTICLE 9 without deduction, setoff, defense, or counterclaim for any reason, provided that Talcott Group may withhold amount disputed in good faith pending resolution of such dispute. For undisputed invoices, Talcott Group will pay interest, at a rate equal to the higher of 1.5 percent per month (i.e., 1.5%) or the maximum legal rate permitted, on the amount shown on any invoice that is paid later than thirty (30) days after the date of invoice, other than such amounts that are disputed in such good faith during the pendency of the relevant dispute. Talcott Group shall be under no obligation to pay any Fees for Services not provided by Service Provider or for the reperformance of Services that had not been performed in accordance with the terms of this Agreement. Talcott Group shall not be required to pay any invoice delivered more than ninety (90) days after the end of the month for which such invoice applies. Any obligation by Talcott Group or any Service Recipient to pay any amounts pursuant to this Agreement shall be subject to the terms and conditions set forth in Schedule D or in the applicable Statement of Work. For the avoidance of doubt, (1) there will be no additional charges to policy owners in connection with this Agreement or the Services; (2) no commissions, fees, or charges will be contingent upon savings to Talcott from claims payments; (3) if and when Service Provider collects funds from an insured party, the reason for collection of each item shall be identified, and each item shall be disclosed separately from any premium; and (4) Service Provider shall disclose to Talcott all charges, fees, and commissions (direct and indirect) that it receives arising from the Services.

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&nbsp;&nbsp;&nbsp;&nbsp;37 Section 9.02 Expenses. (1) Except as expressly set forth in this Agreement or a Statement of Work, (a) the Fees are intended to compensate Service Provider for its costs and expenses in providing the Services, including for assets and resources used to support the Services as well as travel- related expenses; and (b) Talcott Group shall have no obligation to pay to (or reimburse to) Service Provider or any other party any amounts in addition to the Fees and the reimbursable expenses described clauses 9.02(2) and 9.02(3) below. (2) If any expenses are to be reimbursed by Talcott pursuant to the express terms of this Agreement or a Statement of Work, such expenses shall be reimbursed only if they are: (a) reasonable and customary; (b) approved by Talcott in accordance with the Talcott Group guidelines attached to Schedule D or otherwise provided to Service Provider in advance and in writing; and (c) itemized on the month's invoice following the month in which the expenses incurred (with Service Provider providing Talcott with receipts supporting each individual expense over $25, to the extent requested by Talcott). (3) To the extent any travel expenses are reimbursable pursuant to this Agreement, Service Provider shall cause the Service Delivery Organization personnel to comply with Talcott Group's travel expense guidelines, as provided to Service Provider in advance and in writing. Section 9.03 Currency. Unless otherwise set forth in the applicable Statement of Work, each invoice submitted to Talcott Group shall be denominated and paid in US dollars. Section 9.04 Invoices. (1) Service Provider shall invoice Talcott Group for the Fees and reimbursable expenses payable to Service Provider on a monthly basis in accordance with the procedure set forth in the applicable Statement of Work. Service Provider shall provide with each invoice such reasonable documentation supporting the charges as Talcott Group may reasonably request. (2) Service Provider shall maintain, in secure locations (to prevent destruction and unauthorized access) and in accordance with Generally Accepted Accounting Principles and Practices, records sufficient to substantiate the Fees including such records required to be kept by Governmental Authorities. Service Provider shall retain such records for the longest of (a) the period required by Law; (b) the Policy of Talcott Group with respect to records retention, including as it relates to legal holds; (c) seven (7) years after the creation of such records which shall survive expiration or termination of this Agreement; and (d) the final resolution of any audit or examination by a Tax Authority of any Fees and reimbursable expenses that are paid to Service Provider under this Agreement, which retention requirement relating to the audit or examination by a Tax Authority shall survive expiration or termination of this Agreement. Such records shall be accessible pursuant to ARTICLE 12. Section 9.05 Credits. If Service Provider owes Talcott Group a credit or other amount under the Agreement, Service Provider will issue Talcott a credit invoice in the amount owed that contains or is

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&nbsp;&nbsp;&nbsp;&nbsp;38 supported by information identifying the source and reason for the payment or credit in sufficient detail to allow Talcott to properly allocate and account for it. Service Provider shall issue such credit invoices in the month following the month in which the credit accrued Section 9.06 e-Procurement System. Service Provider acknowledges that if Talcott Group deploys an electronic system for ordering goods and services from its suppliers (such system, including any replacements thereof deployed by Talcott Group, being the "e-procurement system"), then, in order to provide Services to Talcott Group, Service Provider must (1) register on the e-procurement system, (2) work with Talcott Group, as appropriate, to develop and implement a catalog (custom or punch out) defining the Services that may be purchased, and (3) work with Talcott Group as appropriate to utilize the e-procurement system to invoice Talcott Group electronically. Each Party is responsible for its own costs associated with meeting the above requirements. To the extent the e-procurement system charges any fees to Service Provider for its use under this Agreement, the Parties shall discuss the applicability of such charges in the next meeting of the Service Provider Senior Executive and Talcott Senior Executive. Service Provider acknowledges that failure to comply with this Section may result in payment delays by Talcott Group. Notwithstanding any implication to the contrary contained in this Agreement, any delay in payment by Talcott Group that results from a failure of Service Provider to comply with this Section shall not constitute a "late" payment or otherwise be considered a breach by Talcott Group of its obligations under this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;39 e

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&nbsp;&nbsp;&nbsp;&nbsp;40 ARTICLE 10 TAXES. Section 10.01 In General. (1) Subject to the other provisions of this Article, (a) the Fees paid to Service Provider (or CTS US, as applicable) are exclusive of any applicable Service Taxes, and (b) Talcott shall be financially responsible for Service Taxes which are required to be remitted by Service Provider (or CTS US, as applicable), and Service Provider (or CTS US, as applicable) shall issue invoices with the detail required by Section 10.04. (2) Service Provider (or CTS US, as applicable) shall timely collect and timely remit to the appropriate Tax Authority any Service Taxes in all applicable jurisdictions in which Service Provider (or CTS US, as applicable) is required to collect Service Taxes as required by Law except where Talcott timely provides Service Provider (or CTS US, as applicable) a legally valid exemption certificate. (3) To the extent practicable, Service Provider (or CTS US, as applicable) shall provide all goods and Services under this Agreement in non-tangible form, with no exchange or transfer of tangible personal property. Section 10.02 Income Taxes. Each Party (and CTS US, as applicable) shall be responsible for its own Income Taxes and any ad valorem taxes on its real or personal property.

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&nbsp;&nbsp;&nbsp;&nbsp;41 Section 10.03 Tax on Inputs. (1) Each Party (and CTS US, as applicable) shall be responsible for any Service Taxes payable on hardware, Software or items such Party (or CTS US, as applicable) owns or leases from a third party, or for which such Party (or CTS US, as applicable) is financially responsible under this Agreement. (2) Service Provider (or CTS US, as applicable) shall be responsible for all Service Taxes on any goods, services, or other items used or consumed by Service Provider (or CTS US, as applicable) in providing the Services (including services obtained from subcontractors). Section 10.04 Invoicing. To the extent that any Service Tax is to be paid by Talcott, Service Provider (or CTS US, as applicable) shall separately identify applicable Service Taxes, if any, and provide an invoice that is compliant with all applicable Laws and timely under Section 9.04. Service Provider (or CTS US, as applicable) shall segregate the Fees into the following separate payment categories: (1) taxable goods or Services, separately identifying each taxable good or Service, the Service Tax applicable thereto, and the location to which the taxable good or Service was or will be delivered; (2) nontaxable goods or Services; (3) goods or Services for which Service Tax has already been paid by Talcott; and (4) those for which Service Provider (or CTS US, as applicable) functions merely as a paying agent for Talcott in receiving goods, supplies or services (including leasing and licensing arrangements) that otherwise are nontaxable (notwithstanding Section 22.10, the Parties may agree that Service Provider (or CTS US, as applicable) is Talcott's paying agent for these goods, supplies, or services (including leasing and licensing arrangements)). The Parties (and CTS US, as applicable) shall reasonably cooperate to determine the applicability and amount of Service Taxes that may be payable by (or otherwise borne by) Talcott pursuant to this Agreement. Any disputes regarding the applicability or amount of Service Taxes payable by (or otherwise borne by) Talcott under this Agreement shall be resolved by an accounting firm reasonably selected by Talcott and approved by Service Provider (such approval not to be unreasonably withheld, conditioned, or delayed). Section 10.05 Withholding Tax. Any withholding tax or other Tax of any kind that Talcott is required to withhold and pay on behalf of Service Provider (or CTS US, as applicable) with respect to amounts payable to Service Provider (or CTS US, as applicable) under this Agreement shall be deducted from such payable amount prior to remittance to Service Provider (or CTS US, as applicable) and such amount shall be treated for all purposes of this Agreement as having been paid to Service Provider (or CTS US, as applicable). Talcott shall accept valid exemption certificates and forms to reduce or eliminate withholding taxes. Section 10.06 Filings and Registrations. Each Party (and CTS US, as applicable) represents, warrants, and covenants that it must file appropriate Tax returns, and pay applicable Taxes owed by such Party arising from or related to the provision of the Services in all applicable jurisdictions. Section 10.07 Cooperation. Talcott and Service Provider (and CTS US, as applicable) shall promptly notify each other and coordinate with each other in the response to and settlement of any claims for Service Taxes asserted by applicable Tax Authorities that Talcott or Service Provider (or CTS US, as applicable) is responsible for under this Agreement. In addition, Talcott and Service Provider (and CTS US, as applicable) shall reasonably cooperate with the other to more accurately determine each Party's (or CTS US's, as applicable) Service Tax and withholding Tax liability and (without incurring additional aggregate costs) to minimize the other Party's (or CTS US's, as applicable) Service Tax and withholding Tax liability, to the extent legally permissible, including by providing documentation or forms properly claiming a reduced rate of (or an exemption from) any Service Taxes or withholding Tax. Without limiting the foregoing, Talcott Group and Service Provider (and CTS US, as applicable) shall timely provide and make available to the other any reasonably requested exemption certificates, resale certificates, information regarding out-of-state

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&nbsp;&nbsp;&nbsp;&nbsp;42 sales or use of equipment, materials or services, and any other certifications or information reasonably requested or required to be provided to each Party (or CTS US, as applicable). Talcott and Service Provider (and CTS US, as applicable) each shall be entitled to any refunds, credits, or rebates obtained with respect to the taxes for which such Party (or CTS US, as applicable) is financially responsible under this Agreement. To the extent any Tax Authority permits the sale of Services contemplated under this Agreement to be assigned to multiple states or other jurisdictions, the Parties shall reasonably cooperate to secure such documentation necessary for such assignment. ARTICLE 11 GOVERNANCE AND CHANGE CONTROL. Section 11.01 Governance. The Parties shall comply with the governance procedures set forth in Schedule F. Section 11.02 Change Procedures. (1) Service Provider shall perform all Changes in accordance with this Section 11.02 and the provisions of Schedule C. In no event will Service Provider make a Change except through documented, previously agreed processes or upon prior written approval of Talcott, except in the case of an emergency, as further described in Schedule C. Schedule C describes the process for both Normal Changes and Mandatory Changes. (2) A Change will result in an increase to the Fees only as expressly described in this Agreement, the applicable Statement of Work and Schedule C. Notwithstanding the foregoing, a Change will be provided at no additional cost to Talcott Group so long as such Change can be made and provided without adversely impacting the ordinary course of Service Provider's provision of the Services, using then-existing resources used to perform the Services during their normal working hours, without adversely affecting Service Levels (if applicable) and without incurring additional third-party expenses. Further, any Changes to Talcott Group processes and procedures that are consistent with generally accepted industry standards shall be made by Service Provider at no additional cost to Talcott Group. All costs that are the responsibility of Talcott Group must be approved by Talcott in advance. (3) If Talcott requests the removal of a Service, and the charging mechanisms under this Agreement do not provide for a reduction in the Fees, then there shall be an equitable reduction in the Fees as reasonably agreed by the Parties to account for such removal. Section 11.03 Dispute Resolution. The following are the Dispute Resolution Procedures: (1) Any Dispute arising under this Agreement that is not resolved in the ordinary course of business shall be discussed in person or by telephone by the Service Provider IT Executive and the Talcott IT Executive within five (5) Business Days after receipt of a notice from either Party specifying the nature of the dispute. If the Service Provider IT Executive and the Talcott IT Executive are unable to resolve the dispute within such five (5) Business Day period (or do not meet within such period), the dispute shall be escalated to the Service Provider Senior Executive and the Talcott Senior Executive for resolution, upon the request of either Party. At Talcott Group's option, such escalation meetings shall take place at a Talcott Group office designated by Talcott Group. Notwithstanding the foregoing, if either Party deems a Dispute to require "emergency" resolution, such Party may escalate the Dispute upon written notice directly to the Service Provider Senior Executive and Talcott Senior Executive.

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&nbsp;&nbsp;&nbsp;&nbsp;43 (2) If the Service Provider Senior Executive and the Talcott Senior Executive are unable to resolve the dispute within ten (10) Business Days after escalation (or are unable to meet within such period), then either Party may pursue its rights and remedies under this Agreement, including initiating arbitration proceedings. (3) In the event of a Dispute between Talcott and Service Provider regarding which of them is to fulfill a lawful obligation with respect to a policy, Talcott Group shall fulfill such obligation. (4) The foregoing shall not prevent or delay either Party from seeking equitable remedies available under Law at any time. ARTICLE 12 AUDITS. Section 12.01 Service Audits. Upon reasonable, Section 12.02 Financial Audits. t

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&nbsp;&nbsp;&nbsp;&nbsp;44 Section 12.03 SOC Audits.

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&nbsp;&nbsp;&nbsp;&nbsp;45 Section 12.04 Audit Limitations. (3) No audit shall be performed at a Service Location during a local holiday applicable to such Service Location. (4) The Talcott Auditors shall not materially interfere with the Service Delivery Organization's performance of the Services and audits shall be performed during local business hours, except as otherwise agreed. (5) Talcott Group's cost and expense of Talcott Group or Talcott Auditors performing any audit functions shall be borne by Talcott Group unless otherwise set forth in this Agreement. Section 12.05 Compliance Gift and Entertainment Audit. Service Provider shall use commercially reasonable efforts to obtain and maintain current, accurate documentation of the date, nature and amount/value of any gifts, entertainment, events, and charitable contributions provided to or made on behalf of any Talcott Group employee. Upon reasonable prior written request by Talcott Group to the Service Provider Service Delivery Executive or Service Provider Compliance Manager (such requests to be made no more frequently than twice per calendar year unless Talcott Group has a particular good faith concern that it seeks to address), Service Provider shall provide Talcott Auditors with a summary, itemized spreadsheet showing any such gifts, entertainment, events, and charitable contributions during the preceding calendar and through the current calendar year as calculated from the date of the audit request. The summary spreadsheet shall contain the following required information: the date of the gift, entertainment, event, and/or charitable contribution provided; the name(s) of the Talcott Group recipient(s); a description of the gift, entertainment, event, and/or charitable contribution provided; and the actual

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&nbsp;&nbsp;&nbsp;&nbsp;46 expense or estimated fair market value of the gift, entertainment, event, and/or charitable contribution provided as reported by Service Provider employee(s). Service Provider shall provide reasonable access to any supporting documentation in Service Provider's possession as requested by Talcott Auditors in order to determine the accuracy of any particular item within the summary, itemized spreadsheet. ARTICLE 13 CONFIDENTIAL INFORMATION. Section 13.01 Generally. Each Party agrees that: (1) it shall keep and maintain all Confidential Information of the other Party in strict confidence, and (without limiting any more particular obligations under this Agreement) using such degree of care as it uses to avoid unauthorized use or disclosure of its own Confidential Information of a similar nature, but in no event less than a commercially reasonable degree of care; (2) it shall use and disclose Confidential Information solely for the purposes for which such information, or access to it, is provided pursuant to the terms of this Agreement and shall not otherwise use or disclose Confidential Information for such Party's own purposes or for the benefit of anyone other than the other Party; and (3) it shall not, directly or indirectly, disclose Confidential Information to anyone outside of the other Party, except with the other Party's consent or as expressly permitted herein. Section 13.02 Permitted Disclosure. Subject to Section 13.01 above, either Party may disclose relevant aspects of the other's Confidential Information to its and its Affiliates' general and limited partners, officers, directors, professional advisors (including accountants and insurers), clients, employees, distribution partners, agents, customers (including their beneficiaries), suppliers, contractors, other third parties doing business with such Party or its Affiliates, third-party administrators and, in the case of Talcott Group, recipients of Talcott Group's services, either directly or indirectly, such as employees of Talcott Group customers, personnel, dependents, beneficiaries, and similarly situated persons to the extent such disclosure is necessary for the current or future performance of Talcott Group's obligations to such party; provided, however, that the recipient is subject to confidentiality obligations at least as stringent as required under this Agreement and provided, further, that Talcott Group shall not disclose to a Service Provider competitor information pertaining to Service Provider's pricing, these MSA Terms, or Service Provider's IP except in accordance with this Agreement (e.g., ARTICLE 6). In addition, (1) either Party may disclose Confidential Information of the other Party to the extent required to comply with any applicable Law (provided, however, that to the extent permissible by Law, such Party provides the other Party with prior notice of any such disclosure and works with the other Party to resist or limit the scope of such disclosure and further provided that the disclosing Party limits any such disclosure to the information or records required to satisfy the request or inquiry and to the entity (or entities) to whom such disclosure is required to be made), (2) Talcott Group may disclose Confidential Information of Service Provider to Governmental Authorities having jurisdiction over Talcott Group, upon such request by the Government Authorities, subject to the conditions set forth in Section 13.02(1) above, and (3) Talcott Group may disclose Confidential Information relating to the Services in connection with (a) a response by Talcott Group to requests for information, proposal, or due diligence in connection with an acquisition, divestiture, or other similar corporate transaction or (b) a request for information or proposal for services to replace the Services; provided, however, that in no event may Talcott Group disclose these MSA Terms, Service Provider IP, Service Provider's internal cost information, or Service Provider rate cards in connection with such request or proposal. Section 13.03 Exclusions. The restrictions on use and disclosure in this Article shall not apply to: (1) Confidential Information already known to a Party on a nonconfidential basis, as demonstrated by prior existing records, when it was disclosed by the other Party; (2) Confidential Information that is or becomes known to the public through no breach of any obligation of confidence or other wrongful act by a Party or its employees, agents, or contractors (except for Personal Information); (3) Confidential Information that is received by a Party from a third party where such Party is unaware, after reasonable inquiry, that such Confidential Information is subject to a confidentiality or other nondisclosure agreement; and

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&nbsp;&nbsp;&nbsp;&nbsp;47 (4) Confidential Information developed by a Party independently of disclosure by or receipt from the other Party. Section 13.04 Return of Materials. Upon a Party's request and as directed by such Party, the other Party shall promptly return or securely erase, wipe clean, and destroy, at the requesting Party's direction, any or all Confidential Information and all written materials that contain, summarize or describe any Confidential Information in its possession, except to the extent the Party in possession of such Confidential Information (1) has a license to such materials under this Agreement or (2) is required to retain particular Confidential Information in order to comply with Law or such Party's internal record retention requirements. Each Party shall provide a certificate of destruction upon the other Party's reasonable request. Section 13.05 Unauthorized Use, Access or Disclosure. Each Party shall promptly notify the other upon learning of any unlawful or unauthorized access, use, or disclosure of the Confidential Information of the other Party; provided, however, if such Party is Service Provider, such notice shall be within forty-eight (48) hours of any Key Personnel having knowledge of such unauthorized access, use, or disclosure. If a Party is responsible for such access, use, or disclosure, such Party shall cure such access, use, or disclosure promptly (but in no event later than forty-eight (48) hours after learning of such access, use, or disclosure, if such access, use, or disclosure is capable of being cured within such forty-eight (48) hour period) and provide satisfactory assurance to the other Party that such access, use, or disclosure shall not recur. Section 13.06 Record Maintenance and Retention. (1) During the Term, Service Provider shall maintain and manage all paper or electronic records, files, documents, work papers, receipts, and other information in any form provided by Talcott Group or Talcott Agents or generated in connection with the performance of Services pursuant to this Agreement (the "Files and Work Papers"), in accordance with the following: (a) all Files and Work Papers shall be maintained and managed (i) separately from files generated, managed, or maintained by Service Provider under agreements with other companies, (ii) in a manner so they can be quickly and accurately produced when required by Talcott Group and (iii) as required Law; (b) all Files and Work Papers that are created or modified by Service Provider in electronic format must be submitted to Talcott Group in electronic format or as otherwise reasonably directed by Talcott Group; (c) all Files and Work Papers shall be properly destroyed in accordance with this Agreement and Talcott Group's destruction schedule as provided to Service Provider herewith and as may be modified by Talcott Group from time to time, as such is made known to Service Provider in advance and in writing; (d) prior to the destruction of any Files and Work Papers, Service Provider shall notify Talcott Group so that Talcott Group can verify whether such Files and Work Papers should be destroyed and are not pertinent to any litigation or government inquiry or are otherwise required to be maintained before their destruction; and (e) notwithstanding anything to the contrary, all Files and Work Papers shall be retained for at least six (6) years, the first two (2) years in an easily accessible location, or such longer period required by applicable Laws.

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&nbsp;&nbsp;&nbsp;&nbsp;48 (2) Notwithstanding the foregoing, upon termination of any Service, Service Provider shall retain all Files and Work Papers related to such Service for a minimum of six (6) years, except as provided under Section 9.04(2). Thereafter, Talcott Group shall accept the return, or permit the destruction of such Files and Work Papers, at Talcott Group's discretion. ARTICLE 14 COMPLIANCE WITH LAWS. Section 14.01 Compliance Obligations. (1) Talcott Group shall comply with all Laws that are applicable to Talcott Group. (2) Service Provider shall comply with all Laws that are applicable to Service Provider in relation to performance of its obligations under this Agreement or its performance of the Services. (3) Service Provider shall perform the Services in compliance with the Policies and Procedures Manual and those Policies intended to keep Talcott Group in compliance with Laws related to the Services. (4) Service Provider shall (a) notify Talcott in writing without undue delay of all known or reasonably suspected instances of noncompliance with the Policies and Procedures Manual or applicable Laws in connection with the Services provided under this Agreement and (b) on a quarterly basis, provide a written certification to Talcott that the Services are being provided in compliance with the Policies and Procedures Manual and applicable Laws, except as otherwise reported to Talcott. (7) Service Provider shall not be responsible for a failure to comply with a Law to the extent that Service Provider relies on, and complies with, Talcott Group's direction pursuant to Section 14.01(4) in respect of such Law or Talcott Group's interpretation of such Law pursuant to Section 14.01(6). (8) Service Provider shall provide Talcott Group (and Talcott Agents, Talcott Auditors, subject to Section 12.04, and any Governmental Authority, in each case, designated by the Talcott) access to any applicable information, Service Locations and personnel of the Service

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&nbsp;&nbsp;&nbsp;&nbsp;49 Delivery Organization as Talcott deems is reasonably necessary to confirm that Service Provider is in compliance with any Law applicable to Service Provider related to performance of its obligations under this Agreement or the Services provided under this Agreement. Section 14.02 Changes to Laws. (1) Service Provider shall promptly notify Talcott of any changes in applicable Law to which it becomes aware that may relate to the Service Recipient's use of the Services or Service Provider's delivery of the Services. The Parties shall work together to identify the impact of such changes on Talcott Group's use and Service Provider's delivery of the Services. (2) Unless a change in Law causes the delivery of any part of the Services to become impossible, Service Provider shall perform such Services regardless of changes in Law. Service Provider shall bear the costs to comply with any change in Law under this Section 14.01(2), related to the performance of the Services. (3) Each Party shall bear the cost to comply with any changes in Laws (not related to the Services) applicable to such Party (e.g., Laws relating to the employment of its employees, immigration, employee tax withholding applicable to its employees and environmental and health and safety Laws relating to its employees or facilities). Through the Change Procedures, Talcott Group shall bear any increased costs with respect to changes in the provision of the Services under Section 14.01(3) or solely due to a Talcott Group direction as described in Section 14.01(5); provided, to the extent the cost of implementation can be allocated across customers, Talcott Group's responsibility for such costs shall be determined on a proportional basis. Section 14.03 Cooperation with Regulators. (1) Upon reasonable written request by Talcott Group, Service Provider shall promptly (and within any such time period reasonably specified by the Governmental Authority) provide to Talcott Group any information or records maintained by Service Provider in connection with the Services that (a) are requested by any Governmental Authority or otherwise reasonably necessary in connection with any inquiry, audit, compliant, investigation, proceeding, or examination by any Governmental Authority or (b) may be reasonably necessary or appropriate in relation to any registration, report, certification, license, letter, memorandum, or other filing or submission by the Talcott Group with a Governmental Authority or as required by applicable Laws.

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&nbsp;&nbsp;&nbsp;&nbsp;50 (2) In addition, and as reasonably directed by Talcott Group, Service Provider shall work with those Governmental Authorities that regulate Talcott Group in an open and co-operative way, including: (a) meeting with such Governmental Authorities; (b) coordinating with Talcott Group to provide to representatives or appointees of such Governmental Authorities any applicable materials, records, and information relating to the Services or allowing any such representatives or appointees access to such materials, records, and information relating to the Services and providing such facilities as such representatives or appointees may reasonably require; and (c) permitting representatives or appointees of such Governmental Authorities to have reasonable access to any of its premises to the extent used to perform the Services. (3) If Service Provider is contacted directly by a Governmental Authority with jurisdiction over Talcott Group, to the extent permitted by applicable Laws, Service Provider shall notify Talcott without undue delay and shall not respond on Talcott Group's behalf or provide any Talcott Data with Talcott's express written approval. (4) Nothing in this Agreement shall be construed as limiting the number of inquiries, audits, complaints, investigations, proceedings, examinations, or requests by Governmental Authorities with which Service Provider will be required to reasonably cooperate. (5) To the extent required under applicable Laws, Talcott shall be permitted to file this Agreement with Governmental Authorities, disclose information relating to the Services or the Agreement, and disclose the compensation paid to Service Provider. In Talcott's sole discretion, Talcott may redact or otherwise omit information from the Agreement when filed with a Governmental Authority, if permitted by applicable Laws. In any event, Talcott shall use commercially reasonable efforts to obtain confidential treatment for any Service Provider Confidential Information disclosed. ARTICLE 15 REPRESENTATIONS, WARRANTIES, AND COVENANTS. Section 15.01 Talcott. Talcott represents, warrants and covenants that: (1) it is a corporation duly organized, validly existing, and in good standing under the Laws of Connecticut; (2) it has all requisite power and authority to execute, deliver, and perform its obligations under this Agreement; (3) the execution, delivery, and performance of this Agreement has been duly authorized by Talcott and shall not conflict with, result in a breach of or constitute a default under any other agreement to which Talcott is a party or by which Talcott is bound; (4) it is duly licensed, authorized, or qualified to do business and is in good standing in every jurisdiction in which a license, authorization, or qualification is required for the ownership or leasing of its assets or the transaction of business of the character transacted by it, except where the failure to be so licensed, authorized, or qualified would not have a material adverse effect on Talcott's ability to fulfill its obligations under this Agreement; (5) it is in compliance with all Laws applicable to Talcott, it has obtained all applicable governmental permits and licenses required of Talcott in connection with its obligations

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&nbsp;&nbsp;&nbsp;&nbsp;51 under this Agreement, and it retains ultimate responsibility for its obligations under the Policies; and (6) there is no outstanding litigation, arbitrated matter, or other dispute as of the date of execution of this Agreement to which Talcott is a party which, if decided unfavorably to Talcott, would reasonably be expected to have a material adverse effect on Service Provider's or Talcott Group's ability to fulfill their respective obligations under this Agreement. (7) it has sufficient rights in the Talcott IP to grant to Service Provider the right to access and use the Talcott IP in accordance with the terms of this Agreement, and the grant of such rights, and Service Provider's exercise of such rights, does not and will not infringe, misappropriate, or otherwise violate any IP right of any person or entity; (8) it is in compliance, and will remain in compliance during the Term, in all material respects with all US anti-money laundering laws, rules, and regulations that apply to the Services contemplated by this Agreement, including the Bank Secrecy Act of 1970, as amended by the USA PATRIOT Act of 2001, rules and regulations adopted by the US Department of Treasury's Financial Crimes Enforcement Network and the Office of Foreign Assets Control, and the rules of the Financial Industry Regulatory Authority, Inc. in connection with this Agreement. Section 15.02 Service Provider. Service Provider represents, warrants, and covenants that: (1) it is a corporation duly organized, validly existing, and in good standing under the Laws of United Kingdom; (2) it has all requisite corporate power and authority to execute, deliver, and perform its obligations under this Agreement; (3) the execution, delivery, and performance of this Agreement by Service Provider has been duly authorized by Service Provider and shall not conflict with, result in a breach of or constitute a default under any other agreement to which Service Provider is a party or by which Service Provider is bound; (4) it is duly licensed, authorized, or qualified to do business and is in good standing in every jurisdiction in which a license, authorization, or qualification is required for the ownership or leasing of its assets or the transaction of business of the character transacted by it, except where the failure to be so licensed, authorized, or qualified would not have a material adverse effect on Service Provider's ability to fulfill its obligations under this Agreement; (5) it is in compliance with all Laws applicable to Service Provider in its provision of Services and performance of its obligations under this Agreement and has obtained all applicable governmental permits and licenses required of Service Provider in connection with its obligations under this Agreement; (6) it is in compliance, and will remain in compliance during the Term, in all material respects with all US anti-money laundering laws, rules, and regulations that apply to the Services contemplated by this Agreement, including the Bank Secrecy Act of 1970, as amended by the USA PATRIOT Act of 2001, rules and regulations adopted by the US Department of

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&nbsp;&nbsp;&nbsp;&nbsp;52 Treasury's Financial Crimes Enforcement Network and the Office of Foreign Assets Control, and the rules of the Financial Industry Regulatory Authority, Inc. (7) there is no outstanding litigation, arbitrated matter or other dispute as of the date of execution of this Agreement to which Service Provider is a party which, if decided unfavorably to Service Provider, would reasonably be expected to have a material adverse effect on Talcott Group's or Service Provider's ability to fulfill their respective obligations under this Agreement; (8) the Service Provider Resources (and use thereof) do not infringe, and shall not infringe or cause the infringement of, the proprietary rights of a third party, except to extent such infringement is a result of: (a) use of the Service Provider Resources by Talcott Group in contravention of the Related Documentation or license granted to Talcott Group under ARTICLE 6 or an applicable Statement of Work; (b) failure by Talcott Group to use new or corrected versions of such Service Provider Resources provided by Service Provider to Talcott Group with no additional charge (provided, however, that Talcott Group is notified that use of such new or corrected version is necessary to avoid infringement); (c) modifications made by Talcott Group or Talcott Agents other than at the direction of Service Provider; (d) Service Provider complying with instructions, specifications, or designs required or provided by Talcott Group where such compliance necessarily would give rise to such infringement; or (e) combination of the Service Provider Resources by Talcott Group or Talcott Agents with products or systems other than those provided by, or authorized by, Service Provider or otherwise contemplated by this Agreement. Hardware and commercially available stand-alone third-party Software provided by Service Provider, and any other Third-Party Materials excluded pursuant to a Statement of Work, are not subject to this Section 15.02(8), provided that Service Provider shall pass along to Talcott Group any representations and/or warranties it has received from the providers of such Third-Party Materials (which pass-through representations and warranties are expected to be documented by the Parties as part of the exclusion in such Statement of Work); (9) in addition to the currency obligations set forth in any applicable Statement of Work, Service Provider shall maintain hardware and Software to the extent that Service Provider has maintenance responsibility for such assets, including: (a) maintaining hardware in good operating condition, subject to normal wear and tear; (b) undertaking repairs and preventive maintenance on hardware in accordance with the applicable hardware manufacturer's recommendations; and (c) performing Software and hardware maintenance in accordance with the applicable Software or hardware vendor's documentation, recommendations, and specifications; (10) it shall not make any deceptive or misleading statements to customers of Talcott Group, including with respect to the responsibilities of Service Provider, Talcott Group and any insured with regard to claims or premiums, and there shall be no fraud by Service Provider in connection with any obligation of Service Provider under this Agreement; (11) Service Provider will at all times comply with the Talcott Data Safeguards in connection with Service Provider's provision of the Services, and Service Provider shall not wrongfully access or permit unauthorized persons or entities to access, Talcott Data or Confidential Information, Talcott IP, or Talcott's information technology systems or networks; any authorized access to the foregoing shall be consistent with such authorization and in accordance with the terms of this Agreement and the Policies;

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&nbsp;&nbsp;&nbsp;&nbsp;53 (12) the Deliverables shall not contain any Disabling Code at the time of delivery and Service Provider shall (a) not introduce any Disabling Code into the Talcott Group computer systems and (b) use commercially reasonable efforts (including at a minimum use of then- current industry standard security and anti-virus tools) to prevent (i) the introduction of Disabling Code into the Talcott Group computer systems and (ii) Deliverables from containing any Disabling Code at the time of delivery; (13) Service Provider shall ensure it has a valid work authorization with respect to each member of the Service Delivery Organization for each applicable jurisdiction; and Section 15.03 Obligation to Replace. In the case of a breach of Section 15.02(8), or a Claim with respect to such Section, Service Provider shall use its commercially reasonable efforts to either: (1) procure for Talcott Group the right to continue using or receiving the applicable Service Provider Resource; or (2) replace or modify the applicable Service Provider Resource to be non-infringing without degradation or loss of functionality. If neither remedy is possible, Talcott Group may receive a refund of Fees on a five (5) year straight-line depreciation for such Service Provider Resource to the extent Talcott Group returns or certifies destruction of the applicable Service Provider Resource. Section 15.04 Disclaimer. NEITHER PARTY MAKES ANY REPRESENTATION OR WARRANTY OTHER THAN AS SET FORTH IN THIS ARTICLE. EACH PARTY EXPLICITLY DISCLAIMS ALL OTHER REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS, IMPLIED, OR STATUTORY WITH RESPECT TO THE SUBJECT MATTER OF THIS AGREEMENT, INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. ARTICLE 16 INDEMNIFICATION. Section 16.01 Talcott. Talcott shall defend, indemnify, and hold harmless the Service Provider Indemnified Parties from and against any Losses to the extent arising from a Claim by a third party against the Service Provider Indemnified Parties:

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&nbsp;&nbsp;&nbsp;&nbsp;54 (1) that the Talcott IP or the Service Provider Indemnified Parties' use thereof is unauthorized or infringes, or causes the infringement of, or misappropriates the proprietary rights of a third party, except to the extent: (a) such unauthorized use, infringement, or misappropriation is a result of: (i) use of the Talcott IP by Service Provider Indemnified Parties in contravention of the terms of this Agreement, the Related Documentation provided to Service Provider, or the license granted to Service Provider under ARTICLE 6 or an applicable Statement of Work; (ii) failure by Service Provider Indemnified Parties to use new or corrected versions of such Talcott IP provided by Talcott Group to Service Provider with no additional charge (provided, however, that Service Provider is notified that use of such new or corrected version is necessary to avoid infringement); (iii) modifications made by Service Provider or a Service Provider Agent other than at the direction of Talcott Group; (iv) Talcott Group complying with instructions, specifications, or designs required or provided by Service Provider where such compliance necessarily would give rise to such infringement; or (v) combination of the Talcott IP by Service Provider or a Service Provider Agent with products or systems other than those provided by, or authorized by, Talcott Group or otherwise contemplated by this Agreement; or (2) relating to any taxes, interest, penalties, or other amounts assessed against Service Provider that are the obligation of Talcott Group pursuant to ARTICLE 10; (3) relating to material breach of ARTICLE 13, ARTICLE 14, or Section 22.06 by Talcott Group, except to the extent such breach is caused by Service Provider or a Service Provider Agent; (4) relating to the inaccuracy, untruthfulness or breach of any representation or warranty made by Talcott in Section 15.01(1), Section 15.01(2), Section 15.01(3), or Section 15.01(4); or (5) relating to (a) physical injury or death of any person (including employees of Service Provider or Talcott Group) or (b) the loss of or damage to any tangible property (including tangible property of the employees of Service Provider or Talcott Group), in each case, resulting from the acts or omissions (including breach of contract) of Talcott Group. Talcott shall indemnify Service Provider Indemnified Parties from any costs reasonably incurred in connection with enforcing this Section. Section 16.02 Service Provider. Service Provider shall defend, indemnify, and hold harmless the Talcott Indemnified Parties from and against any Losses to the extent arising from a Claim by a third party against the Talcott Indemnified Parties: (1) that the Service Provider Resources as created and delivered by Service Provider, or use thereof infringes, or causes the infringement of, the proprietary rights of a third party, except to the extent such infringement is a result of: (a) use of the Service Provider Resources by Talcott Group in contravention of the Related Documentation or license granted to Talcott Group under ARTICLE 6 or an applicable Statement of Work; (b) failure

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&nbsp;&nbsp;&nbsp;&nbsp;55 by Talcott Group to use new or corrected versions of such Service Provider Resources provided by Service Provider to Talcott Group with no additional charge (provided, however, that Talcott Group is notified that use of such new or corrected version is necessary to avoid infringement); (c) modifications made by Talcott Group or a Talcott Agent other than at the direction of Service Provider; (d) Service Provider complying with instructions, specifications, or designs required or provided by Talcott Group where such compliance necessarily would give rise to such infringement; or (e) combination of the Service Provider Resources by Talcott Group or a Talcott Agent with products or systems other than those provided by, or authorized by, Service Provider or otherwise as contemplated by this Agreement; (2) Taxes, interest, penalties, or other amounts assessed against Talcott Group that are the obligation of Service Provider pursuant to ARTICLE 10, including, for the avoidance of doubt, any interest or penalties associated with Service Taxes assessed against Talcott as a result of Service Provider's (or CTS US's, as applicable) failure to collect and remit Services Taxes due from Talcott Group to the appropriate Tax Authority to the extent caused by Service Provider's negligence or willful misconduct in such failure; (3) relating to a breach of ARTICLE 7, ARTICLE 13, ARTICLE 14, or Section 22.06 by Service Provider; (4) relating to the inaccuracy, untruthfulness or breach of any representation or warranty made by Service Provider in Section 15.02(1), Section 15.02(2), Section 15.02(3), Section 15.02(4), Section 15.02(10), Section 15.02(12), or Section 15.02(13); (5) relating to (a) physical injury or death of any person (including employees of Service Provider or Talcott Group, or customers of Talcott Group) or (b) the loss of or damage to any tangible property (excluding software, data, and intellectual property, but including tangible property of the employees of Service Provider or Talcott Group, or customers of Talcott Group), in each case, resulting from the negligence or willful misconduct of Service Provider; (6) by any member of the Service Delivery Organization based on any aspect of his or her engagement or employment by Service Provider or subcontractors, or the termination of such employment or engagement (including claims related to non-payment of wages, discrimination/harassment, unemployment or workers compensation benefits, employee benefits, and any other claims concerning the terms and conditions of employment under any federal, state, or local Law governing employment) regardless of whether the claimant claims or is deemed by a court to be an employee or joint employee of Talcott Group (it being expressly agreed between Service Provider and Talcott Group that such individuals are not intended to be employees of Talcott Group) except to the extent caused by the actions or inactions of Talcott Group in violation of this Agreement; (7) by a Service Provider Agent or a member of the Service Delivery Organization (which Claim is not otherwise addressed by Section 16.02(6)), except to the extent such Claim is directly due to an act or omission of Talcott Group; or (8) relating to the gross negligence or willful misconduct of Service Provider. Service Provider shall indemnify Talcott Indemnified Parties from any costs reasonably incurred in connection with enforcing this Section.

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&nbsp;&nbsp;&nbsp;&nbsp;56 Section 16.03 Indemnification Procedures. If any Claim (or portion thereof) with respect to which the Service Provider Indemnified Parties or the Talcott Indemnified Parties are entitled to indemnification pursuant to Section 16.01 or Section 16.02, respectively (an "Indemnifiable Claim") is commenced against an Indemnified Party, prompt notice thereof shall be given by the Indemnified Party to the Indemnifying Party. (1) At the Indemnifying Party's cost and expense: (a) the Indemnifying Party shall immediately take control of the defense of such Indemnifiable Claim and shall engage attorneys acceptable to the Indemnified Party to defend such Indemnifiable Claim; and (b) the Indemnified Party shall cooperate with the Indemnifying Party (and its attorneys) in the defense of such Indemnifiable Claim. The Indemnified Party may, at its own cost and expense, participate on a noncontrolling basis (through its attorneys or otherwise) in such defense. The Indemnifying Party shall not enter into any settlement of such Indemnifiable Claim that does not include a full release of the Indemnified Party or involves a remedy other than the payment of money, without the Indemnified Party's consent. If the Indemnifying Party does not assume control over the defense of an Indemnifiable Claim as provided in this Section, the Indemnified Party may defend the Indemnifiable Claim in such manner as it may deem appropriate, at the reasonable cost and expense of the Indemnifying Party. (2) Notwithstanding the foregoing, if the Indemnifiable Claim is an action, proceeding, inquiry, or investigation commenced by a governmental authority against Talcott Group, then Talcott Group may elect to control the defense of such Indemnifiable Claim, at the cost and expense of Service Provider, including payment of any settlement, judgment, or award and the costs of defending or settling the Indemnifiable Claim in accordance with the following terms: (a) Service Provider shall not be obligated to reimburse Talcott Group for settlement amounts paid or payable by Talcott Group or expenses incurred in the defense of such Indemnifiable Claim to the extent such amounts or expenses are not reasonable and Service Provider has not otherwise agreed to such amounts (the reasonableness of such amounts determined by taking into consideration all of the facts and circumstances relating to such Indemnifiable Claim, including reputational risks to Talcott Group, the potential for the Indemnifiable Claim to cause adverse impacts to Talcott Group's business or operations, and cost incurred by Talcott Group as result of or in connection with such Indemnifiable Claim); and (b) Talcott Group will, to the extent permitted: (w) keep Service Provider reasonably informed about the status of the proceedings (including providing copies of documents received by and provided by Talcott Group in defending the Indemnifiable Claim), (x) invite and allow Service Provider to be present at relevant discussions, negotiations, and proceedings, (y) reasonably consult with Service Provider and its counsel regarding the Indemnifiable Claim on a regular basis, and (z) in advance of settling any Indemnifiable Claim, meet and confer with Service Provider regarding the terms and conditions of such settlement and consider any input that Service Provider may wish to offer regarding the defense or settlement of the Indemnifiable Claim. Section 16.04 Contribution. If only a portion of one or more Claims constitutes an Indemnifiable Claim, then the Indemnifying Party shall be responsible solely for the portion of any resulting Losses that relate to the Indemnifiable Claim.

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&nbsp;&nbsp;&nbsp;&nbsp;57 ARTICLE 17 LIMITATION OF LIABILITY AND EXCLUSIONS. Section 17.01 Direct Damages. (1) Each of the Parties, shall be liable to the other for damages arising out of or relating to its performance or failure to perform its obligations under this Agreement; provided, that the liability of a Party to the other, whether based on an action or claim in contract, equity, negligence, tort, or otherwise, for any event, act, or omission occurring during the Term shall not exceed, i

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&nbsp;&nbsp;&nbsp;&nbsp;58 Section 17.02 Consequential Damages. Subject to Section 17.03 below, in no event shall either Party be liable to the other Party or any other person or entity for any special, exemplary, indirect, incidental, consequential, or punitive damages or for any costs (including transition costs) associated with procuring substitute or replacement services, of any kind or nature whatsoever (including, without limitation, lost revenues, profits, savings or business, or contribution or indemnity in respect of any claim against the Party) or loss of records or data, whether in an action based on contract, warranty, strict liability, tort (including, without limitation, negligence), or otherwise, even if such Party has been informed in advance of the possibility of such damages or such damages could have been reasonably foreseen by such Party. Section 17.03 Exclusions. (1) General. The limitations and exculpations of liability set forth in Section 17.01 and Section 17.02 shall not apply in the case of: (a) any Losses resulting from Abandonment by Service Provider; (b) any Losses resulting from the gross negligence or willful misconduct of a Party; (c) any Losses resulting from the infringement of a Party's IP by the other Party under this Agreement; (d) any Losses resulting from a material breach of ARTICLE 13 by a Party (except as otherwise addressed in Section 17.03(3) below); (e) any Losses resulting from a breach of Section 14.01(1) by Talcott Group or Section 15.01(1), Section 15.01(2), Section 15.01(3) or Section 15.01(4) by Talcott; (f) any Losses resulting from a breach of Section 7.01, Section 14.01(2), Section 15.02(1), Section 15.02(2), Section 15.02(3), Section 15.02(4), Section 15.02(10), Section 15.02(11), or Section 15.02(12) by Service Provider; or (g) the indemnification obligations of either Party under this Agreement (except as otherwise addressed in Section 17.03(3) below). (2) The limitations of liability set forth in Section 17.01 shall not apply in the case of (a) the failure of Talcott Group to pay any Fees, due and payable to Service Provider in accordance with this Agreement or (b) the failure of Service Provider to issue any credits or other amounts, due and payable to Talcott Group in accordance with this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;59 . . Section 17.04 Injunctive Relief. Without limiting any rights of Talcott Group or Service Provider to obtain equitable relief under Law, Talcott Group, and Service Provider acknowledge and agree that (1) any breach (or threatened breach) of ARTICLE 6, ARTICLE 13, Section 14.03, Section 22.12, or Section 22.14 by Service Provider may cause immediate and irreparable injury to Talcott Group, and in the event of such breach (or threatened breach), Talcott Group shall be entitled to seek injunctive relief, without bond or other security; and (2) any breach (or threatened breach) of ARTICLE 6, Section 12.04, or ARTICLE 13, or Section 22.14 by Talcott Group may cause immediate and irreparable injury to Service Provider, and in the event of such breach (or threatened breach), Service Provider shall be entitled to seek injunctive relief, without bond or other security. The provisions of Section 11.03 shall not apply with respect to any request for such injunctive relief. ARTICLE 18 INSURANCE. Section 18.01 Coverage. Service Provider shall carry and maintain in force, with reputable insurance companies authorized to do business in the jurisdictions where the Services are performed, insurance of the types and in the amounts of the minimum coverage, including: (1) Workers Compensation in the statutory required limits in accordance with the applicable federal, state, municipal, local, territorial, or other statutory requirements. (2) Employer's Liability insurance with limits not less than one million dollars ($1,000,000) per accident covering all employees engaged in the work. A Waiver of Subrogation shall be provided in favor of Talcott Group. (3) Commercial General Liability insurance (including bodily injury, death and property damage) in an amount of not less than one million dollars ($1,000,000) (combined single limit on each occurrence and two million dollars ($2,000,000) in the aggregate). Such coverage shall include blanket contractual liability, broad form property damage liability, products and completed operations liability, and personal injury liability (including

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&nbsp;&nbsp;&nbsp;&nbsp;60 invasion of privacy, libel, or slander). Talcott Group shall be named as an Additional Insured to the Commercial General Liability policy for liabilities assumed under this Agreement. A Waiver of Subrogation shall be provided in favor of Talcott Group. (4) Automobile Liability insurance for owned, non-owned, leased, hired, operated, and/or licensed automobiles, trucks, tractors, all-terrain vehicles with limits of not less than one million dollars ($1,000,000) per accident for accidental injury to one or more persons or damage to or destruction of property as a result of one accident or occurrence. Talcott Group shall be named as an Additional Insured on the Automobile Liability policy for liabilities assumed in this Agreement. (5) Fidelity/Crime insurance to include the following coverages: employee theft, forgery, or alteration, and computer fraud and funds transfer fraud. Coverage shall extend to the funds, assets, and records in the care, custody, and control of Talcott Group, the loss of which, or forgery, alteration or damage to, results from theft or fraud by a Service Provider employee acting alone or in collusion with a third party. Coverage limits shall not be less than ten million dollars ($10,000,000) per claim and in the aggregate. The policy shall include Talcott Group as a Loss Payee. (6) Professional Liability insurance in a limit not less than ten million dollars ($10,000,000) per claim and in the aggregate for liability arising out of any wrongful or negligent act, error, mistake, or omission of Service Provider. The coverage must respond to all claims reported within three (3) years following the period for which coverage is required. (7) Network Security and Privacy Liability in a limit of not less than twenty million dollars ($20,000,000) per claim and in the policy aggregate. Coverage will include, but not be limited to, cyber/IT liability, breach notification, investigative, forensic, and legal defense costs. (8) Excess or umbrella liability insurance on a follow-form basis, with limits not less than ten million dollars ($10,000,000) per occurrence and ten million dollars ($10,000,000) as in the aggregate, in excess of the following insurance coverages: employer's liability insurance described above in Section 18.01(2); the commercial general liability insurance coverage described above in Section 18.01(3); and automobile liability insurance coverage described above in Section 18.01(4). Section 18.02 Terms of Coverage. All insurance coverage required herein will provide primary coverage, without contribution from any or all other insurance of Talcott Group, for all losses and damages caused by the perils or causes of loss covered thereby. Service Provider agrees to have included in each of the insurance policies required herein a waiver of the insurer's rights of subrogation against Talcott Group, any other Indemnified Parties under this Agreement, and their respective insurers. Section 18.03 Cost of Insurance Coverage. All insurance coverage shall be provided at Service Provider's sole cost and expense. The deductible amounts for each of the policies in Section 18.01 shall be borne by Service Provider. Section 18.04 Evidence of Insurance Coverage. Within ten (10) days after the Effective Date and otherwise upon Talcott Group's request, Service Provider shall furnish to Talcott Group Certificates of Insurance (including evidence of renewal of insurance) evidencing all coverage referenced in Section 18.01 including, as applicable, evidence that Talcott Group shall be named as Additional Insureds for liabilities assumed in this Agreement to each applicable liability policy by means of the Certificates of Insurance.

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&nbsp;&nbsp;&nbsp;&nbsp;61 Service Provider shall provide Talcott Group thirty (30) days' prior notice of any planned cancellation of the coverage by the applicable insurer. Cancellation or material alteration shall not relieve Service Provider of its continuing obligation to maintain insurance coverage in accordance with this Article. Section 18.05 Status and Rating of Insurance Company. All insurance coverage shall be written through insurance companies authorized to do business in the state in which the work is to be performed and rated no less than A- VII in the most current edition of A.M. Best's Key Rating Guide. The insurance requirements set forth in this ARTICLE 18 will not limit or expand Service Provider's liability under or related to the Services or the Agreement. Except for any statutory required insurance, coverage, and limits required herein may be met through the combination of primary, local admitted insurance, and global insurance policies maintained by Service Provider. ARTICLE 19 TERM AND TERMINATION. Section 19.01 General. This Agreement shall commence on the Effective Date and continue throughout the Term until terminated by either Party in accordance with the terms herein, including the remainder of this ARTICLE 19. The term of each Statement of Work, including Talcott Group's rights to any renewals and extensions of such term, shall be as specified in such Statement of Work. The termination of any one Statement of Work (in whole or in part) will not impact other Statements of Work or the Agreement as a whole. If all Statements of Work have terminated or expired, such that none are then in effect, then Talcott Group may terminate this Agreement upon written notice to Service Provider. Termination of this Agreement "in part" may include at Talcott Group's option termination of one or more Statements of Work, or portions thereof. Section 19.02 Termination for Cause.

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&nbsp;&nbsp;&nbsp;&nbsp;62 Section 19.06 Termination for Change in Law. Talcott may terminate this Agreement or a Service upon ninety (90) days' notice (or such earlier period of time as required by a Governmental Authority) to Service Provider if any change in applicable Law (including applicable tax rates), or an applicable Governmental Authority imposes a binding restriction or requirement that makes, or shall make, it impossible for Talcott Group to continue to receive the Services or that has or is expected to have the effect of materially increasing the cost of Services to Talcott Group; provided, however, that the Parties shall negotiate in good faith a work around with respect to such change in Law or binding restriction or requirement during such ninety (90) day period. In the event that such change in Law or issuance of guidance is due primarily to the actions of Service Provider, its Affiliates or agents (whether or not related to the Services), then such termination shall be treated as if it were a termination for cause.

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&nbsp;&nbsp;&nbsp;&nbsp;63 Section 19.08 Termination for Force Majeure. Talcott may terminate this Agreement or any Service upon notice to Service Provider if a Force Majeure Event prevents, hinders or delays performance of any material Services for more than thirty (30) consecutive days after the date of such event. Section 19.09 Other Terminations. In addition to the provisions of this Article, this Agreement or a Service may be terminated as expressly provided elsewhere in this Agreement, including in Section 12.03(3), Section 14.01(9), and Schedule I. Section 19.10 Termination Fees. Except as expressly set forth otherwise in the applicable Statement of Work, there shall be no termination fees in connection with any termination for cause under Section 19.02 of this Agreement. Section 19.11 Continuing Obligations. Any termination or expiration of this Agreement or any Service shall not relieve or release either Party from any rights, liabilities, or obligations that may have accrued under the Law or this Agreement. Section 19.12 Effect of Termination. In the event of a termination or expiration of this Agreement (in whole or in part) or a particular Service: (1) Service Provider shall implement the Exit Plan in respect of the expired or terminated Services, upon Talcott's request. (2) Unless required in connection with Talcott Group's receipt of any other Services, the rights granted to Service Provider in Section 6.01 shall terminate at Talcott's direction and Service Provider shall (a) deliver to Talcott Group, at no cost or expense to Talcott Group, a current copy of the Talcott IP and (b) destroy or erase all other copies of the Talcott IP in Service Provider's possession. Service Provider shall, upon Talcott's request, certify in writing to Talcott, in a form reasonably acceptable to Talcott and executed by an authorized officer of Service Provider, that all such copies have been destroyed or erased. (3) When the applicable rights granted to Talcott Group in this Agreement expire, Talcott Group shall, upon Service Provider's written request, destroy, or erase all copies of the Service Provider IP in Talcott Group's possession (subject to Talcott Group's then- standard archiving and destruction policies and procedures). An authorized officer of Talcott shall certify in writing to Service Provider that all such copies have been destroyed or erased in accordance with this paragraph. (4) Service Provider shall be entitled to payment for the expired or terminated Services performed through the effective date of termination (including works in progress). Such payment shall be apportioned according to any Deliverable payment Milestones or fixed price arrangements if payment is other than on a time and materials basis. (5) Service Provider shall (a) deliver to Talcott a copy of all Deliverables used in connection with the expired or terminated Services, in the form in use as of the date of termination or expiration, and (b) unless required in connection with Talcott Group's receipt of any other Services, destroy, or erase all other copies of Deliverables in Service Provider's possession. Service Provider shall, upon Talcott's request, certify in writing to Talcott, in a form

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&nbsp;&nbsp;&nbsp;&nbsp;64 reasonably acceptable to Talcott and executed by an authorized officer of Service Provider, that all such copies have been destroyed or erased.

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&nbsp;&nbsp;&nbsp;&nbsp;65 . ARTICLE 20 FORCE MAJEURE, BUSINESS CONTINUITY, AND DISASTER RECOVERY. Section 20.01 Force Majeure. (1) To the extent performance by an Affected Party of any of its obligations under this Agreement (other than an obligation to pay fees) is prevented, hindered, or delayed by a Force Majeure Event, the Affected Party shall be excused from such nonperformance, hindrance or delay for as long as such Force Majeure Event continues; provided, however, that: (a) such Force Majeure Event is beyond the control of the Affected Party and could not be prevented by appropriate precautions; (b) the Affected Party is diligently attempting to recommence performance (including through alternate means); and (c) Service Provider, if it is the Affected Party, is implementing the Business Continuity Plan and Disaster Recovery Plan, as applicable.

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&nbsp;&nbsp;&nbsp;&nbsp;66 (2) Notwithstanding Section 20.01(1), the occurrence of a Force Majeure Event does not excuse, limit or otherwise affect Service Provider's obligations to implement the Business Continuity Plan or Disaster Recovery Plan, restore the Services in accordance with the Recovery Time Objectives, and otherwise comply with Service Provider's obligations in Schedule K and the applicable Statement of Work, except to the extent that implementation of such Business Continuity Plan or Disaster Recovery Plan is directly prevented or delayed by a Force Majeure Event (and such Force Majeure Event was not contemplated by such Business Continuity Plan or Disaster Recovery Plan), in which case implementation of the Business Continuity Plan or Disaster Recovery Plan shall be excused pursuant to Section 20.01(1). Section 20.02 RESERVED. Section 20.03 No Payment for Unperformed Services. If Service Provider fails to provide the Services in accordance with this Agreement due to the occurrence of a Force Majeure Event or Business Continuity Event, then the Fees shall be adjusted in a manner such that Talcott is not responsible for the payment of any Fees for Services that Service Provider (or an alternate source obtained by Service Provider) fails to provide. Section 20.04 Allocation of Resources. Whenever a Force Majeure Event or Business Continuity Event or other business continuity event causes Service Provider to allocate limited resources between or among Service Provider's customers, Service Provider shall not provide to any of its other customers priority over the Service Recipients, except to the extent required by applicable Law. ARTICLE 21 ACTION PLAN AND STEP IN RIGHTS. Section 21.01 Action Plan. (1) Triggers for an Action Plan. (2) Action Plan Contents. An Action Plan must specify in detail reasonably satisfactory to Talcott: (a) the process for identifying the cause of the failure or incident the Action Plan is intended to remedy or prevent; (b) where remedy of the failure or incident is possible, the actions that will be taken by Service Provider to effect that remedy; (c) the actions that will be taken by Service Provider to prevent the same or a substantially similar failure or incident from occurring in the future;

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&nbsp;&nbsp;&nbsp;&nbsp;67 (d) the timeline for implementing the Action Plan; and (e) any other content Talcott may reasonably request. (3) Talcott Group's Response to Draft Action Plan. (a) After receiving the draft Action Plan, Talcott may inform Service Provider that it approves the draft Action Plan or comment on the draft Action Plan, in which case Service Provider will (i) at the reasonable request of Talcott, meet to discuss Talcott's comments; and (ii) within two (2) Business Days after the meeting, or receipt of Talcott's comments where no meeting is required by Talcott, prepare a revised Action Plan addressing Talcott's comments and submit it for Talcott's approval. (b) This Section 21.01(3) will apply iteratively to any proposed Action Plan until it has been approved by Talcott. (4) Implementation of Action Plan. Service Provider will only implement an Action Plan if Talcott has approved it and then in the form approved by Talcott.

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&nbsp;&nbsp;&nbsp;&nbsp;68 ARTICLE 22 MISCELLANEOUS. Section 22.01 Amendment. No amendment of this Agreement shall be valid unless in writing and signed by an authorized representative of each Party (as designated by each Party from time to time). Section 22.02 Assignment. Neither Party shall assign this Agreement, or any amounts payable pursuant to this Agreement, without the express prior written consent of the other; provided, however, that Talcott may assign this Agreement or any SOW, in whole or in part, to: (1) an entity acquiring all or a substantial portion of the Talcott Serviced Business; (2) the successor in any merger involving the Talcott Serviced Business; or (3) an Affiliate of Talcott; provided, however, that, in each case, such entity agrees in writing to assume and be bound by all obligations of Talcott under this Agreement. This Agreement shall be binding upon the successors and permitted assigns of the Parties. Any assignment in violation of this Section shall be null and void ab initio. Section 22.03 Consents, Approvals, and Requests. Except as specifically set forth in this Agreement, all consents, acceptances, and approvals to be given by either Party under this Agreement shall be in writing and shall not be unreasonably withheld or delayed and each Party shall make only reasonable requests under this Agreement. Section 22.04 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one single agreement between the Parties.

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&nbsp;&nbsp;&nbsp;&nbsp;69 Section 22.05 Entire Agreement. This Agreement supersedes all prior and contemporaneous discussions and agreements between the Parties with respect to the subject matter hereof and represents the entire agreement between the Parties with respect to that subject matter. Section 22.06 Export and Sanctions. Each Party shall comply with all applicable current sanctions administered by HM Treasury, US Department of Treasury, US Department of State, the European Union, the United Nations, and any similar sanctions imposed by any other equivalent body (governmental or otherwise) law or regulations ("Sanctions Laws"). Sanctions Laws include those imposing restrictions on Belarus, Cuba, Iran, North Korea, Russia, the Government of Venezuela, and Syria, as well as the Russian proxy authorities in occupied territories of Donetsk, Luhansk, Kherson, and Zaporizhzhia and Crimea regions of Ukraine ("Embargoed and Restricted Countries"). Each Party shall maintain internal protocols to effect such compliance with Sanctions Laws. The Parties acknowledge that the Services and Software provided may be subject to the US Export Administration Regulations (the "EAR") and that the Parties shall comply with the EAR. Without limiting the foregoing, Talcott represents and warrants that: (i) Talcott is not located in, and shall not use the Services or Software from, any country or territory that is subject to US export restrictions (currently including, but not necessarily limited to, Embargoed and Restricted Countries) without any required prior authorization under the EAR; and (ii) Talcott shall not transfer, retransfer or reexport Services or Software to any of the Embargoed and Restricted Countries without prior authorization under the EAR. Neither Party shall take or omit to take any action that would cause the other Party to violate the EAR or applicable Sanctions Laws. Each Party shall comply with all applicable Export Controls. Subject to the foregoing, each Party agrees to notify the other Party of any software, technology, technical data, or information that it will provide to the other Party pursuant to this Agreement that is subject to control under applicable export regulations under any classification other than EAR99 or 5D992 (or its non-US equivalent) and, in such event, will: (a) identify the Export Controls (e.g., EAR or ITAR) and classifications (e.g., ECCN) applicable to such technology and materials, including any required third-party licenses, consents, or authorizations; (b) obtain any such required third-party licenses, consents, or authorizations or, if and as requested by the other Party, cooperate with and assist the other Party in obtaining such third-party licenses, consents, or authorizations; and (d) upon the other Party's advance written request, provide any copies of such licenses, consents, or authorizations requested by such Party to demonstrate compliance with the Export Controls. In addition, Service Provider shall not access any Talcott Data from a country embargoed by the US. Each Party shall maintain internal protocols to effect such compliance with Export Controls. Each Party agrees to notify the other Party in writing of any events or circumstances that may reasonably be expected to result in a violation of this Section. Either Party may suspend or terminate the provision of any Services without liability for breach if, at any time, (i) it reasonably believes that such Services will violate applicable Sanctions Laws or Export Controls, and (ii) following good faith discussions with the other Party, reasonably concludes that continuing such Services will violate applicable Export Controls; provided, however, that if the violation can be prevented through the acquisition of necessary licenses or authorizations or mutually acceptable modifications to the Services, the Parties agree to cooperate in good faith to promptly obtain such licenses or authorizations or to make such modifications. Section 22.07 Good Faith and Fair Dealing. Except where explicitly stated otherwise (e.g., use of "sole discretion"), the performance of all obligations and exercise of all rights by each Party shall be governed by the principle of good faith and fair dealing and by a commercially reasonable standard. Section 22.08 Governing Law. This Agreement, including its formation, performance, enforcement and termination, and all aspects of the Parties' relationship hereunder, shall be governed by and construed in accordance with the Laws of the State of New York applicable to agreements made and to be performed

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&nbsp;&nbsp;&nbsp;&nbsp;70 entirely within such State, without regard to the conflicts of law principles of such State. The Parties acknowledge and agree that this Agreement relates solely to the performance of services (not the sale of goods) and, accordingly, will not be governed by the Uniform Commercial Code of any State having jurisdiction. In addition, the provisions of the Uniform Computerized Information Transaction Act and United Nations Convention on Contracts for the International Sale of Goods shall not apply to this Agreement. Section 22.09 Arbitration. Any and all Disputes shall be settled through the Dispute Resolution Procedures set forth in Section 11.03 (Dispute Resolution) and, if not resolved through such process, by final and binding arbitration administered by the International Centre for Dispute Resolution under the International Dispute Resolution Procedures – International Arbitration Rules available at WWW.ICDR.ORG (the "Rules"). The Parties waive any right to mediate a Dispute and any mediation provisions contained in the Rules shall not apply. In-person hearings or meetings with the arbitrator(s) shall be held in New York, New York and the seat of the arbitration shall be New York, New York. The sole arbitrator, or the presiding arbitrator in the case of a three-arbitrator panel, shall either be a retired judge or a lawyer with at least ten (10) years of experience in information technology matters. Each award shall include written findings of fact and conclusions of law and shall be final and binding, except that if the arbitration is conducted by a single arbitrator and US$10,000,000 or more in damages are awarded against a Party (exclusive of interest, attorneys' fees, and arbitration fees and costs), that Party may appeal the award to a panel of three arbitrators pursuant to the Optional Appellate Arbitration Rules of the American Arbitration Association. The existence of a Dispute or the content or result of any award shall constitute the Confidential Information of both parties. All informal and formal negotiations between the Parties regarding a Dispute shall be treated as compromise and settlement negotiations under applicable rules of evidence and no written or oral statements of position or offers of settlement made during the informal or formal Dispute resolution procedures shall be offered into evidence for any purpose or constitute an admission or waiver of rights by either Party. Either Party may at any time apply to a court with appropriate jurisdiction only to (a) seek interim or provisional relief necessary to protect its rights or property pending the resolution of a Dispute in accordance with these procedures, including injunctive relief and specific performance, or (b) enter or enforce any final and binding arbitration award. Section 22.10 Continued Performance. Subject to the remainder of this Section 22.10, each Party agrees to continue performing its obligations under this Agreement while a Dispute is being resolved except to the extent the issue in dispute precludes performance and without limiting either Party's termination rights provided in ARTICLE 19. Notwithstanding the foregoing, if the total amount being withheld in connection with one or more Disputes (other than withheld amounts in dispute resulting from clear billing errors of Service Provider), plus any Fees that are undisputed but past due and any interest that has accrued thereon, exceeds the total Fees payable to Service Provider in the four (4) month period preceding the date on which Talcott commenced the Dispute (the "Disputed Amount Threshold"), then Service Provider may, without liability to Talcott or its Affiliates, with at least fifteen (15) days' prior written notice to Talcott, suspend further delivery of Services that are not paid for in advance until sufficient amounts are paid such that total withheld amounts do not exceed the Disputed Amount Threshold. Upon Talcott's payment of such amounts, Service Provider shall immediately recommence performance of the Services and all Service Provider timing obligations and delivery commitments under this Agreement and/or each applicable Statement of Work shall be extended by the number of days between the date of suspension and the date Service Provider recommences performance of the relevant Services. For clarity, Talcott may make any payment under this Agreement reserving all of its rights to later dispute its obligation to have made such payment. Each Party shall diligently continue to follow the dispute resolution provisions of this Agreement to attempt to resolve payment disputes as expeditiously as possible notwithstanding Service Provider's exercise of its rights

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&nbsp;&nbsp;&nbsp;&nbsp;71 under this paragraph. Talcott's payment of invoiced amounts does not waive its right to dispute its obligation to have made the payment. Section 22.11 Independent Contractor. (1) In performing under this Agreement, Service Provider will be deemed to be acting as an independent contractor of Talcott Group and will not be deemed an agent, legal representative, joint venturer, or partner of Talcott Group. Neither Party is authorized to bind the other Party to any obligation, affirmation, or commitment with respect to any other person or entity. (2) The Service Delivery Organization shall at all times be under Service Provider's exclusive direction and control and its personnel shall in no way be deemed to be an employee, agent, or contractor of Talcott Group for any purpose, including wages, benefits, taxes, rights, and privileges afforded to employees under any Laws. Accordingly, each Party will be solely responsible for providing and/or ensuring appropriate compensation and benefits for its employees in accordance with all applicable Laws; and payment of all employment- related taxes. In addition, Service Provider expressly acknowledges and agrees that the Services rendered pursuant to this Agreement will not form the basis for any rights of eligibility, vesting, or participation in any fringe benefits afforded to any employees of Talcott Group nor shall Talcott Group provide any such fringe benefits or other compensation to any member of the Service Delivery Organization, including vacation and holiday pay, leaves of absence, health and welfare benefits, including coverage for medical, dental, vision, accidental death and disability, long-term disability, life insurance, severance benefits, retirement benefits, including pension or thrift plan contributions, and/or any other benefits of any kind or nature provided by Talcott Group to its employees, whether or not maintained under a qualified ERISA plan, even if a person's period of performance hereunder is subsequently reclassified by a third party as a period of employment with Talcott Group for any other purpose.

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&nbsp;&nbsp;&nbsp;&nbsp;72 Section 22.13 Notices. All notices, requests, consents, approvals, agreements, authorizations, acceptances, rejections, and waivers under this Agreement shall be in writing and shall be deemed given when: (1) delivered by hand or private, prepaid courier service to the person specified for the receiving Party at the address specified; or (2) mailed to that addressee at that address by a nationally recognized express mail carrier with package tracking capability or certified mail, return receipt requested, with postage fully prepaid. The Parties may change the address or person for notification upon ten (10) days' notice to the other. The initial notification information is: For Talcott Group: For Service Provider: Head of Procurement Talcott Resolution Life, Inc. One American Row Hartford, CT Phone: 1-800-862-6668 Cognizant Worldwide Limited 1 Kingdom Street Paddington Central London W2 6BD United Kingdom Phone: +44 (0)20 7297 7600 With a copy to: General Counsel Talcott Resolution Life, Inc. One American Row Hartford, CT Phone: 1-800-862-6668 With a copy to: 500 Frank W. Burr Blvd. Teaneck, NJ 07666 Attn: General Counsel Phone: 1-201-801-0233 Except as expressly permitted in this Agreement, an electronic mail message does not satisfy any requirement in this Agreement that a notice, consent, approval, agreement, authorization, acceptance, rejection, or waiver must be in writing or signed by any person or Party, or any similar requirement. Section 22.14 Publicity & Use of Name. Neither Party shall (1) use the name, trade name, trademarks, service marks, or any other identifying marks, or logos of the other Party in any public announcements, publicity releases, news releases, annual reports, marketing materials, product packaging, signage, case studies, print literature, advertising, customer lists or websites or other public disclosure regarding this Agreement, the Services, or the relationship between the Parties, (2) represent (directly or indirectly) that any product or service offered by the Party has been used, approved or endorsed by the other Party or (3) make any sort of public communication or disclosure regarding the other Party, this Agreement, the Services, or the relationship between the Parties, without the express prior written consent of the other Party, in each instance, which the other Party may withhold in its sole discretion. Notwithstanding the foregoing, nothing in this provision shall prevent a Party from making disclosures required by Law, provided that the disclosing Party, to the extent legally permitted, provides prior written notice to the other Party and takes reasonable steps to limit the disclosure. Section 22.15 Remedies Cumulative. No specific remedy under this Agreement shall limit a Party's right to exercise all other remedies available to such Party under Law, in equity or under this Agreement, and all such remedies shall be cumulative. Section 22.16 Severability. If any provision of this Agreement is held by a court of competent jurisdiction to be contrary to law, then the remaining provisions of this Agreement shall remain in full force and effect, except to the extent such remaining provisions are not capable of substantial performance as a result of such holding. Section 22.17 Survival. ARTICLE 6, ARTICLE 9, ARTICLE 10, ARTICLE 12, ARTICLE 13, ARTICLE 15 (to the extent relating to a breach occurring during the Term and subject to the warranty

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&nbsp;&nbsp;&nbsp;&nbsp;73 period), ARTICLE 16, ARTICLE 17, Section 7.01, Section 11.03, Section 19.11, Section 19.12, Section 19.13, Section 22.08, Section 22.09, Section 22.12, Section 22.13, Section 22.14, this Section 22.17, Section 22.18, and any other provisions, Sections or Articles that by their nature are necessary to survive the expiration or termination of this Agreement or Service for any reason shall survive the expiration or termination of this Agreement. Section 22.18 Third-Party Beneficiaries. This Agreement is for the sole benefit of the Parties and their permitted assigns and each such Party intends that this Agreement shall not benefit, or create any right or cause of action in or on behalf of, any person or entity other than the Parties, their permitted assigns, and with respect to ARTICLE 16, the Talcott Indemnified Parties and Service Provider Indemnified Parties. Section 22.19 Waiver. No delay or omission by any Party to exercise any right or power it has under this Agreement shall impair or be construed as a waiver of such right or power. A waiver by any Party of any breach or obligation shall not be construed to be a waiver of any succeeding breach or any other obligation. Section 22.20 Non-Discrimination. To the extent applicable to the Services under this Agreement, Service Provider shall abide by the requirements of 41 C.F.R. §§ 60-1.4(a), 60-300.5(a) and 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, sex, sexual orientation, gender identity, or national origin. Moreover, these regulations require that covered prime contractors and subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, national origin, protected veteran status, or disability. Remainder of page intentionally left blank; signature page follows.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the authorized representatives of the Parties have executed this Agreement as of the Effective Date. TALCOTT RESOLUTION LIFE, INC. COGNIZANT WORLDWIDE LIMITED Solely for the purpose of acknowledging that CTS US may perform local services in the United States of America in accordance with Section 2.01: COGNIZANT TECHNOLOGY SOLUTIONS U.S. CORPORATION

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## Exhibit 99.27

**REINSURANCE AGREEMENT**

**Between <br>Talcott Resolution Life and Annuity Insurance Company <br>of Hartford, Connecticut <br>(Ceding Company)**

**And <br>Talcott Resolution Life Insurance Company <br>of Hartford, Connecticut <br>(Reinsurer)**

**Effective <br>July 1, 2025**

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**Table of Contents**

**Articles**

**Page**

Article 1 Definitions &nbsp;&nbsp;&nbsp;&nbsp;1

Article 2 Parties to Agreement&nbsp;&nbsp;&nbsp;&nbsp;10

Article 3 Basis of Reinsurance&nbsp;&nbsp;&nbsp;&nbsp;10

Article 4 Reinsurer's Liability&nbsp;&nbsp;&nbsp;&nbsp;11

Article 5 Initial Consideration&nbsp;&nbsp;&nbsp;&nbsp;12

Article 6 Reinsurance Consideration&nbsp;&nbsp;&nbsp;&nbsp;13

[REDACTED]

Article 8 Reinsurance Benefits&nbsp;&nbsp;&nbsp;&nbsp;15

Article 9 Modified Coinsurance Adjustment&nbsp;&nbsp;&nbsp;&nbsp;15

Article 10 Credit for Reinsurance; Security&nbsp;&nbsp;&nbsp;&nbsp;16

Article 11 Reporting and Settlement&nbsp;&nbsp;&nbsp;&nbsp;17

Article 12 Inuring Reinsurance&nbsp;&nbsp;&nbsp;&nbsp;19

[REDACTED]

Article 14 Offset&nbsp;&nbsp;&nbsp;&nbsp;20

Article 15 Insolvency&nbsp;&nbsp;&nbsp;&nbsp;20

Article 16 Dispute Resolution&nbsp;&nbsp;&nbsp;&nbsp;22

Article 17 Arbitration&nbsp;&nbsp;&nbsp;&nbsp;23

Article 18 General Account Portfolios; Separate Accounts; Investment Guidelines&nbsp;&nbsp;&nbsp;&nbsp;24

Article 19 Entire Agreement&nbsp;&nbsp;&nbsp;&nbsp;25

Article 20 Non-Guaranteed Elements; Changes&nbsp;&nbsp;&nbsp;&nbsp;25

Article 21 General Provisions&nbsp;&nbsp;&nbsp;&nbsp;28

Article 22 Terminal Settlement&nbsp;&nbsp;&nbsp;&nbsp;29

i

52683085.15 <br>

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Article 23 Commencement and Termination&nbsp;&nbsp;&nbsp;&nbsp;31

Article 24 Proprietary Information; Confidentiality&nbsp;&nbsp;&nbsp;&nbsp;32

Article 25 Administration&nbsp;&nbsp;&nbsp;&nbsp;34

Article 26 Notices&nbsp;&nbsp;&nbsp;&nbsp;34

[REDACTED]

ii

52683085.15 <br>

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**Article 1 <br>Definitions**

1.01&nbsp;&nbsp;&nbsp;&nbsp;**<u>Definitions</u>**. As used herein for purposes of this Agreement, the following terms have the following respective meanings:

"<u>Account Value</u>" means for any reinsured Contract under the definition of Business Reinsured, the account value of such Contract, as defined in and determined in accordance with the terms of such Contract.

"<u>Accounting Period</u>" means a calendar quarter beginning on the first day of the calendar quarter and ending on the last day of the calendar quarter, provided that (a) the first Accounting Period shall begin at the Effective Date and end on the last day of the calendar quarter during which the Closing Date falls and (b) the final Accounting Period shall end on the Termination Effective Date or Recapture Effective Date, as applicable.

"<u>Accounting Report</u>" shall have the meaning set forth in Section 11.02.

"<u>Affiliate</u>" of any Person means another Person that directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such first Person, and the term "<u>Affiliated</u>" shall have a correlative meaning. For the purposes of this definition, "<u>control</u>," when used with respect to any Person, means the power to direct the management and policies of such Person, directly or indirectly through the ownership of voting securities, by contract, or otherwise, and the terms "<u>controlling</u>" and "<u>controlled</u>" have the meanings correlative to the foregoing.

"<u>Agreement</u>" shall have the meaning set forth in Section 2.02.

"<u>Allocated Premium Tax Rate</u>" means, as of the Effective Time, [REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;;

provided, however, the Parties may mutually agree to increase or decrease such rate to better reflect the premium taxes paid on the Business Reinsured as appropriate, should either (i) any jurisdictions which do not as of the Effective Time impose a premium tax on annuities adopt such a tax following the Effective Time or (ii) any jurisdictions which do as of the Effective Time impose a premium tax on annuities change the stated premium tax rate or no longer impose such a tax following the Effective Time.

"<u>Annuitization Premiums</u>" means amounts reported as premium in the statutory financial statements filed by the Ceding Company as a result of annuitization by any policyholder of the Account Value in respect of the Business Reinsured.

"<u>Books and Records</u>" means all books and records developed or maintained under or related to this Agreement or the Business Reinsured, in whatever form maintained, including, but not limited to, claims and claim files, policyholder lists, application files, litigation files, premium records, rate books, underwriting manuals, personnel records, financial records, or similar records.

"<u>Business Day</u>" means any day other than a Saturday, Sunday or other day on which banks in Connecticut are required or permitted to be closed.

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"<u>Business Reinsured</u>" shall have the meaning set forth in Section 3.01.

"<u>Cedant Book Value</u>" means, with respect to an asset, as at any date of determination, the statutory book value of such asset (including investment income due and accrued thereon) on the statutory financial statements filed by the Ceding Company with the insurance regulatory authorities in its state of domicile, determined in accordance with SAP applicable to the Ceding Company.

"<u>Ceding Commission</u>" shall have the meaning set forth in Section 5.05. "<u>Ceding Company</u>" shall have the meaning set forth in Section 2.01.

"<u>Closing Date</u>" means July 1, 2025, the date this Agreement is entered into. "<u>Code</u>" means the Internal Revenue Code of 1986, as amended.

"<u>Commissions</u>" means compensation (including both fronted and trail commissions) and other servicing and administration fees payable by the Ceding Company with respect to the Business Reinsured to or for the benefit of distributors who marketed or produced the Business Reinsured.

"<u>Contract</u>" means, with respect to any Person, any written agreement, contract, lease, instrument or other written, legally binding obligation to which such Person is a party or is otherwise subject or bound.

"<u>Contractholder Initiative</u>" means, any initiative by the Ceding Company targeting a class of contractholders under the Business Reinsured, which is intended or could be reasonably anticipated to result in a change in contractholder behavior that would materially impact the Reinsurer's risk or liability or the Reinsurer's profitability under this Agreement.

"<u>Contract Value Expense Allowance</u>" [REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;. The Contract Value Expense Allowance applies to the Account Value for Variable Annuity Business and for the

[REDACTED]

variable annuity business portion of the&nbsp;&nbsp;&nbsp;&nbsp;Assumed Annuity Business.

"<u>Delayed Payment Interest Penalty</u>" is equal to the amount due, times the Delayed Payment Interest Rate (prorated for the number of days the amount is overdue using a 360-day year).

"De<u>layed Payment Interest Rate</u>" [REDACTED]

the three (3) month nominal constant maturity treasury rate, as published by the United States Federal Reserve in daily release H.15 on the website https://www.federalreserve.gov/releases/h15/ at the end of the day immediately preceding the period with respect to which a Delayed Payment Interest Penalty is to be calculated.

"<u>Effective Time</u>" shall have the meaning set forth in Section 23.01.

"<u>Effective Time IMR</u>" means the amount of the Quota Share of the Interest Maintenance Reserve, held by the Ceding Company with respect to the Business Reinsured (including with

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[REDACTED]

respect to the&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance Assets) that was created on or before the Effective Time, determined in accordance with SAP applicable to the Ceding Company.

"<u>Error</u>" shall have the meaning set forth in Section 21.05.

"<u>Estimated Net Initial Consideration</u>" shall have the meaning set forth in Section 5.04. "<u>Expense Allowance</u>" shall have the meaning set forth in Section 7.01.

[REDACTED]

"<u>Fair Market Value</u>" means (i) as to cash, the amount of it; and (ii) as to an asset other than cash, the amount at which such asset could be bought or sold in a current transaction between willing parties, that is, other than in a forced or liquidation sale.

"<u>Fixed Annuitization Business</u>" means the fixed payout annuity Contracts administered as such or issued by the Ceding Company as a result of the contractholder or annuitant's election, whether before, on or after the Effective Time, of an annuitization option under the terms of a Variable Annuity Business Contract.

"<u>Force Majeure</u>" shall have the meaning set forth in Section 21.09.

[REDACTED]

"<u>General Account Portfoli</u>os" means the portfolios identified in <sup>[REDACTED]</sup> as the general

[REDACTED]

account portfolios supporting the [REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;and the&nbsp;&nbsp;&nbsp;&nbsp;Assumed Annuity

Business, which hold the general account assets supporting the Business Reinsured related thereto and any additional general account portfolios established after the Effective Time as mutually agreed by the Parties.

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"<u>General Account Statutory Reserve</u>" means, as of any date of determination, the gross statutory reserves, including for the avoidance of doubt, any reserves or liabilities relating to the Retained Asset Accounts and the policies issued in connection therewith, as of such date required to be held by the Ceding Company with respect to the Business Reinsured, determined in accordance with SAP applicable to the Ceding Company and valuation laws, regulations and generally accepted actuarial guidelines to which the Ceding Company is subject (excluding the Separate Account Reserves), before giving effect to this Agreement.

"<u>Governmental Authority</u>" means any court, arbitral, tribunal, federal, provincial, state or local government or administration, or regulatory or other governmental authority, commission or agency (including any industry or other self-regulatory body), domestic or foreign.

"<u>IMR Amount</u>" means, as of any date of determination, the sum of the Effective Time IMR plus the Transaction IMR plus the Post-Effective IMR, to the extent unamortized as of such date of determination.

"<u>Initial Ceding Commission</u>" shall have the meaning set forth in Section 5.03. "<u>Initial Consideration</u>" shall have the meaning set forth in Section 5.01.

[REDACTED]

"<u>Initial&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance Adjustment</u>" shall have the meaning set forth in Section 5.02.

"<u>Interest Maintenance Reserve</u>" means the after-tax reserve determined in accordance with SAP applicable to the Ceding Company or the Reinsurer, as applicable, the purpose of which is to amortize realized capital gains and losses resulting from fluctuations in the interest rate.

"<u>Internal Replacement</u>" means a formal program or systematic efforts initiated by the Ceding Company or its Affiliates under which a Contract owner or one or more annuitant(s) is offered the opportunity to replace a reinsured Contract with another Contract or to replace a reinsured rider with another rider. Internal Replacement shall not include any retail exceptions made by the Ceding Company at the request of a Contract owner or one or more annuitant(s).

"<u>Inuring Reinsurance</u>" means any reinsurance agreement under which any portion of the Business Reinsured is ceded to a reinsurer, other than to the Reinsurer under this Agreement, including, as of the Effective Time, those reinsurance agreements listed on [REDACTED].

"<u>Inuring Reinsurance Premium Allowance</u>" means an amount for any Accounting Period equal to the Quota Share of {(a) – (b)}, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;equals the reinsurance premiums or amounts payable by the Ceding Company to any reinsurer under the Inuring Reinsurance; [REDACTED]

; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;equals the refunds of reinsurance premiums due to the Ceding Company by any

reinsurer under the Inuring Reinsurance.

"<u>Inuring Reinsurance Recoveries</u>" means an amount for any Accounting Period equal to the sum of all amounts actually received by the Ceding Company from any reinsurer under the Inuring Reinsurance, including relating to expense allowances, commission or premium tax or other amounts payable by the reinsurer thereunder.

[REDACTED]

"<u>Investment Credit on&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance Assets</u>" shall have the meaning set

forth in Section 9.02.

"<u>Net Initial Consideration</u>" shall have the meaning set forth in Section 5.05.

"<u>Net Statutory Reserve</u>" means, as of any date of determination, the General Account Statutory Reserve inclusive of the impact of Inuring Reinsurance, each as of such date.

"<u>Non-Guaranteed Element Policy</u>" means the Ceding Company's policy for the setting of Non-Guaranteed Elements on business written by the Ceding Company (including the Business Reinsured) as adopted by the Ceding Company's Board of Directors.

"<u>Non-Guaranteed Elements</u>" means the definition of "nonguaranteed charges or benefits" set forth in Actuarial Standard of Practice 2 – Non-Guaranteed Charges or Benefits for Life Insurance Policies and Annuity Contracts in effect as of the Effective Time and any successor rules for such Non-Guaranteed Elements as in effect from time to time.

"<u>Nonpayment Termination Notice</u>" shall have the meaning set forth in Section 23.02.

"<u>Owner</u>" shall have the meaning set forth in Section 24.01.

"<u>Party</u>" and "<u>Parties</u>" shall have the meaning set forth in Section 2.01.

"<u>Past Due Amount</u>" shall have the meaning set forth in Section 23.02.

[REDACTED]

"<u>Person</u>" means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, unincorporated organization, Governmental Authority or other entity.

"<u>Policy Loan Balance</u>" means, with respect to any date of determination, the amount of Contract loans in respect of the Contracts underlying the Business Reinsured, as of such date, net of any unearned policy loan interest on such loans but including any accumulated unpaid interest, determined in accordance with SAP applicable to the Ceding Company.

"<u>Post-Effective IMR</u>" means the amount of the Interest Maintenance Reserve that is

[REDACTED]

created following the Effective Date with respect to the&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance Assets and

------

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assets held by the Reinsurer supporting the Business Reinsured, determined in accordance with SAP applicable to the Reinsurer.

"<u>Premiums</u>" means premiums, considerations, deposits, and similar amounts (other than Annuitization Premiums) received or receivable by the Ceding Company in respect of the Business Reinsured.

"<u>Proprietary Information</u>" shall have the meaning set forth in Section 24.01. "<u>Quota Share</u>" means [REDACTED]

"<u>RBC Ratio</u>" means, for the Reinsurer, as of any date of determination, the percentage equal to (a) the quotient of the Reinsurer's "total adjusted capital" divided by its "company action level risk-based capital", multiplied by (b) 100; as such terms are defined and prescribed by requirements promulgated by the National Association of Insurance Commissioners and regulations adopted by the insurance regulatory authorities in the Reinsurer's state of domicile, which are in effect as of such date, calculated as of the end of the immediately preceding calendar quarter; <u>provided</u>, that any calculation of the RBC Ratio as of a calendar quarter-end other than the last day of a calendar year shall be based on the Reinsurer's good faith estimate using, to the extent any factors are not reasonably available, amounts based on reasonable estimation and annualization.

[REDACTED]

"<u>Recapture Effective Date</u>" shall have the meaning set forth in Section 13.02.

"<u>Recapture Transaction IMR</u>" means the amount of the Interest Maintenance Reserve that is created on the date of payment of the Terminal Settlement, as a direct result of the transfer of assets by the Reinsurer to the Ceding Company, determined in accordance with SAP applicable to the Reinsurer.

"<u>Recipient</u>" shall have the meaning set forth in Section 24.01. "<u>Reinsurance Benefits</u>" shall have the meaning set forth in Section 8.01.

"<u>Reinsurance Consideration</u>" shall have the meaning set forth in Section 6.01. "<u>Reinsurer</u>" shall have the meaning set forth in Section 2.01.

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"<u>Representatives</u>" means a Party's officers, directors, employees, agents or professional advisors including accountants, actuaries and attorneys.

[REDACTED]

"<u>Reserve Credit</u>" shall have the meaning set forth in Section 10.01.

"<u>Retained Asset Account Supplemental Policies</u>" shall have the meaning set forth in Section 3.01(f).

"<u>Retained Asset Accounts</u>" means any retained asset accounts maintained by the Ceding Company to accommodate for annuitant settlement options under the Business Reinsured until withdrawn by the applicable beneficiaries thereof.

"<u>SAP</u>" means the statutory accounting principles, consistently applied, as prescribed or permitted by the insurance regulatory authorities in the state of domicile of the Ceding Company or the Reinsurer, as applicable.

"<u>Separate Account Liabilities</u>" means all amounts payable with respect to surrenders, annuitization payments, death benefits, compensation or any other amounts with respect to the Business Reinsured that by the terms of such Business Reinsured contemplate payment from the Separate Accounts.

"<u>Separate Account CARVM Allowance</u>" means as of any date of determination, the Account Value attributable to the Separate Account(s) less the Separate Account Reserves, in

each case excluding any such amounts with respect to the&nbsp;&nbsp;&nbsp;&nbsp;Ceded Business, as of

[REDACTED]

such date.

"<u>Separate Account Reserves</u>" means, as of any date of determination, the aggregate amount of statutory reserves of the Ceding Company with respect to the Separate Account Liabilities as of such date, determined in accordance with SAP applicable to the Ceding Company.

"<u>Separate Accounts</u>" means the separate accounts listed in [REDACTED]

"<u>Services</u>" shall have the meaning set forth in Section 25.01.

"<u>Tax Treatment</u>" shall have the meaning set forth in Section 24.05.

"<u>Terminal Settlement</u>" shall have the meaning set forth in Section 22.01 or Section 22.03, as applicable.

"<u>Termination Effective Date</u>" shall have the meaning set forth in Section 23.02.

"<u>Transaction IMR</u>" means the amount of the Interest Maintenance Reserve that is created on the Closing Date as a direct result of the transfer of assets by the Ceding Company to the

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![image_0a.jpg](image_0a.jpg)![image_1a.jpg](image_1a.jpg)![image_2a.jpg](image_2a.jpg)![image_3a.jpg](image_3a.jpg)![image_4a.jpg](image_4a.jpg)![image_5a.jpg](image_5a.jpg)![image_6a.jpg](image_6a.jpg)

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![image_7.jpg](image_7.jpg)![image_8.jpg](image_8.jpg)![image_9.jpg](image_9.jpg)![image_10.jpg](image_10.jpg)

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election, whether before or after the Effective Time, of an annuitization option under the terms of a Variable Annuity Business contract reinsured under this Agreement.

"<u>Variable Annuity Business</u>" means annuity Contracts which provide contractholders with the opportunity to participate in stock market appreciation on a tax-deferred basis, often with guarantees which reduce the risk of market downturns. Variable Annuity Business includes "Personal Pension Accounts" associated with those "Personal Retirement Manager" variable annuity Contracts issued by the Ceding Company that allow a contractholder to purchase a future income stream prior to Contract annuitization, whether before or after such income stream has been initiated.

1.02&nbsp;&nbsp;&nbsp;&nbsp;**<u>Other Definitional Provisions</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.For purposes of this Agreement, the words "hereof," "herein," "hereby" and other words of similar import refer to this Agreement as a whole (including all Articles, Sections, Paragraphs, Exhibits and Schedules of this Agreement) unless otherwise indicated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.The terms "include," "includes" or "including" will be deemed to be followed by the words "without limitation."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.Whenever used in this Agreement, the masculine gender shall include the feminine and neutral genders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.All references herein to Articles, Sections, Paragraphs, Exhibits and Schedules shall be deemed references to Articles, Sections and Paragraphs of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.Words in the singular shall be held to include the plural and vice versa.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f.References to "$" shall mean United States dollars.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g.The table of contents, articles, titles and headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h.This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the Party drafting or causing any instrument to be drafted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.The Schedules and Exhibits referred to herein shall be construed with and as an integral part of this Agreement to the same extent as if they were set forth verbatim herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j.All terms defined in this Agreement shall have the defined meanings when used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k.This Agreement and any agreement or instrument defined or referred to herein means this Agreement or such agreement or instrument, as applicable, as from time to time amended, modified or supplemented, including by waiver or consent, and references to all attachments thereto and instruments incorporated therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l.Any statute or regulation referred to herein means such statute or regulation as amended, modified, supplemented or replaced from time to time (and, in the case of any statute, includes any rules and regulations promulgated under such statute), and references to any section of any statute or regulation include any successor to such section.

**Article 2**

**Parties to Agreement**

2.01&nbsp;&nbsp;&nbsp;&nbsp;This is an indemnity reinsurance agreement solely between Talcott Resolution Life and Annuity Insurance Company, a Connecticut insurance company (the "<u>Ceding</u> <u>Company</u>"), and Talcott Resolution Life Insurance Company, a Connecticut insurance company (the "<u>Reinsurer</u>"). The Ceding Company and the Reinsurer may be referred to individually as a "<u>Party</u>," and collectively as the "<u>Parties</u>".

2.02&nbsp;&nbsp;&nbsp;&nbsp;This agreement together with all Schedules, Exhibits and Appendices attached hereto, along with any amendments entered into hereinafter (this "<u>Agreement</u>"), is solely between the Reinsurer and the Ceding Company. In no instance will any Person other than the Reinsurer and the Ceding Company have any rights under this Agreement. The Reinsurer will have no obligation to any insured, owner, or beneficiary under the Business Reinsured.

2.03 This Agreement will be binding upon the Ceding Company and the Reinsurer and their respective successors and permitted assigns.

**Article 3**

**Basis of Reinsurance**

3.01&nbsp;&nbsp;&nbsp;&nbsp;**<u>Business Reinsured</u>**. This Agreement shall cover the following business issued or reinsured by the Ceding Company without duplication, subject to the Inuring Reinsurance, collectively the "<u>Business Reinsured</u>":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Variable Annuity Business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Fixed Annuitization Business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.Variable Annuitization Business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Ceded Business;

[REDACTED]

[REDACTED]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Assumed Annuity Business; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f.&nbsp;&nbsp;&nbsp;&nbsp;Any supplemental policies issued by the Ceding Company and inforce as of the Effective Time or on and after the Effective Time to accommodate for annuitant settlement options under the business listed under clauses (a) through (e) above using the Retained Asset Accounts (the "<u>Retained Asset Account Supplemental Policies</u>").

3.02 **<u>Basis of Reinsurance</u>**. Subject to the terms and conditions of this Agreement, the Ceding Company hereby cedes and the Reinsurer hereby reinsures:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;On a coinsurance basis, without duplication, the Quota Share of the liability of the:

&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)general account portion of the Variable Annuity Business;

&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)Fixed Annuitization Business;

&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)general account portion of the&nbsp;&nbsp;&nbsp;&nbsp;Ceded Business; and

[REDACTED]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)Retained Asset Account Supplemental Policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp;On a modified coinsurance basis, without duplication, the Quota Share of the liability of the:

&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)separate account portion of the Variable Annuity Business, the Variable

Annuitization Business (in each case including the&nbsp;&nbsp;&nbsp;&nbsp;Ceded

[REDACTED]

[REDACTED]

Business, as applicable) and the&nbsp;&nbsp;&nbsp;&nbsp;Assumed Annuity Business; and

&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)general account portion of the [REDACTED] Assumed Annuity Business.

**Article 4**

**Reinsurer's Liability**

&nbsp;&nbsp;&nbsp;&nbsp;4.01&nbsp;&nbsp;&nbsp;&nbsp;**<u>Reinsurer's Liability</u>**. The Reinsurer's liability for the Business Reinsured shall begin

simultaneously with the Ceding Company's liability, but not prior to the Effective Time and shall include ex-gratia payments and Extra-Contractual Obligations except any Extra-Contractual Obligations resulting from the Ceding Company's willful misconduct, bad faith or fraud. In accordance with SAP, the Ceding Company shall also cede all capital

[REDACTED]

gains and losses in respect of the&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance Assets supporting the

Business Reinsured to the Reinsurer on a gross basis. The Reinsurer's liability for reinsurance shall terminate in accordance with Section 23.01.

&nbsp;&nbsp;&nbsp;&nbsp;4.02&nbsp;&nbsp;&nbsp;&nbsp;**<u>Follow the Fortunes</u>**. The Reinsurer's liability under this Agreement shall be subject in

all respects to the same risks, terms, rates, conditions, interpretations, assessments, waivers, and to the same modifications, alterations, terminations and recaptures, as the respective Business Reinsured to which liability under this Agreement attaches, the true intent of this Agreement being that the Reinsurer shall, subject to the terms, conditions and limits of this Agreement, follow the fortunes of the Ceding Company under the

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Business Reinsured, and the Reinsurer shall be bound, without limitation, by all payments and settlements under the Business Reinsured.

**Article 5**

**Initial Consideration**

5.01&nbsp;&nbsp;&nbsp;&nbsp;**<u>Calculation of Initial Consideration</u>**. The Ceding Company shall owe to the Reinsurer

an initial consideration (the "<u>Initial Consideration</u>") equal to [REDACTED] where:

[REDACTED]

5.02 **<u>Calculation of Initial Modified Coinsurance Adjustment</u>**. The Reinsurer shall owe to

![image_11.jpg](image_11.jpg)the Ceding Company an initial modified coinsurance adjustment (the "<u>Initial</u> 

[REDACTED]

<u>Modified Coinsurance Adjustment</u>") equal to the&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance Reserve as

[REDACTED]

of the Effective Time excluding any&nbsp;&nbsp;&nbsp;&nbsp;Trust Initial Excess Amount, if any. As of the

[REDACTED]

Effective Time, the Cedant Book Value of the&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance Assets held

[REDACTED]

in the General Account Portfolio shall be equal to the Initial&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance

Adjustment. From time to time the Ceding Company may hold excess amounts therein in accordance with Section 9.03 hereof.

5.03&nbsp;&nbsp;&nbsp;&nbsp;**<u>Calculation of Initial Ceding Commission</u>**. The Reinsurer shall owe to the Ceding

Company the Ceding Commission with such Ceding Commission estimated by the Parties for the payment on the Closing Date [REDACTED]

based on inforce data for the Business Reinsured and market conditions as of[REDACTED] (the "<u>Initial Ceding Commission</u>").

5.04&nbsp;&nbsp;&nbsp;&nbsp;**<u>Settlement of Estimated Net Initial Consideration</u>**. On or prior to the Closing Date,

the Ceding Company has delivered a report to the Reinsurer setting forth the Initial

[REDACTED]

Consideration and the Initial&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance Adjustment estimated by the

Ceding Company based on inforce data for the Business Reinsured and market conditions as of[REDACTED] and the Estimated Net Initial Consideration. The "<u>Estima</u>ted N<u>et</u> <u>Initial Consideration</u>" shall be (i) the Initial Consideration <u>minus</u> (ii) the Initial [REDACTED] Modified Coinsurance Adjustment <u>minus</u> (iii) the Initial Ceding Commission, each determined pursuant to Sections 5.03 and 5.04.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.If the Estimated Net Initial Consideration is a positive amount, the Ceding Company shall remit such amount, in cash and/or assets mutually agreed to by the Parties with a Fair Market Value equal to such amount, to the Reinsurer on the Closing Date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.If the Estimated Net Initial Consideration is a negative amount, the Reinsurer shall remit, in cash, the absolute value of such amount to the Ceding Company on the Closing Date of this Agreement.

5.05&nbsp;&nbsp;&nbsp;&nbsp;**<u>True-Up of Net Initial Consideration</u>**. Within&nbsp;&nbsp;&nbsp;&nbsp;days following the Closing

[REDACTED]

Date, (a) the Parties shall update the Initial Ceding Commission using the same methodology used to determine the Initial Ceding Commission but using inforce data for

the Business Reinsured and market conditions as of&nbsp;&nbsp;&nbsp;&nbsp;(such updated Initial

[REDACTED]

Ceding Commission, the "<u>Ceding Commission</u>"), and (b) the Ceding Company shall

[REDACTED]

calculate the updated Initial Consideration and the Initial&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance

Adjustment using actual information as of the Effective Time. The "<u>Net</u> Initial

[REDACTED]

<u>Consideration</u>" shall be (i) the Initial Consideration <u>minus</u> (ii) the Initial&nbsp;&nbsp;&nbsp;&nbsp;Modified

Coinsurance Adjustment <u>minus</u> (iii) the Initial Ceding Commission, each as calculated by the Parties in good faith pursuant to the immediately preceding sentence. If the difference between the Net Initial Consideration and the Estimated Net Initial Consideration is a positive amount, the Ceding Company shall remit such amount, in cash within [REDACTED] days of the determination of such amount, to the Reinsurer, and if such difference is a

negative amount, the Reinsurer shall remit, in cash within&nbsp;&nbsp;&nbsp;&nbsp;days of the

[REDACTED]

determination of such amount, the absolute value of such amount to the Ceding Company. The Party that owes the amount shall include interest on such amount at the Delayed Payment Interest Rate from the Closing Date to and including the date of payment.

**Article 6**

**Reinsurance Consideration**

6.01&nbsp;&nbsp;&nbsp;&nbsp;**<u>Calculation of Reinsurance Consideration</u>**. The "<u>Reinsurance Consideration</u>" shall be calculated for each Accounting Period as {(1) + (2) + (3) - (4) + (5)}, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)equals the Quota Share of the sum of all Premiums earned by the Ceding Company for the Business Reinsured, <u>provided</u> that such amount shall exclude any Premiums deposited in the Separate Accounts in accordance with Section 18.02;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)equals the Quota Share of the sum of all Annuitization Premiums earned by the Ceding Company for the Business Reinsured;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)![image_12.jpg](image_12.jpg)[REDACTED]

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[REDACTED]

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)equals the Quota Share of the sum of all Inuring Reinsurance Premium Allowances for the Business Reinsured; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)equals the Quota Share of the sum of (i) any amounts deposited into the Retained Asset Accounts, plus (ii) any amounts released to the Ceding Company from the

[REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;[REDACTED]

Trust (excluding the&nbsp;&nbsp;&nbsp;&nbsp;Trust Initial Excess Amount) to the extent such

amount has not already been released to the Ceding Company, plus (iii) any Policy Loan Balance repayments.

6.02&nbsp;&nbsp;&nbsp;&nbsp;**<u>Settlement</u>**. If the Reinsurance Consideration for the Accounting Period is a positive amount, the Ceding Company shall owe such amount in cash to the Reinsurer. If the Reinsurance Consideration for the Accounting Period is a negative amount, the Reinsurer shall owe the absolute value of such amount in cash to the Ceding Company. Settlement shall be made in accordance with Section 11.04.

[REDACTED]

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[REDACTED]

7.02 **<u>Settlement</u>**. The Reinsurer shall owe the Ceding Company the Expense Allowance in cash for each Accounting Period. Settlement shall be made in accordance with Section 11.04.

**Article 8**

**Reinsurance Benefits**

8.01&nbsp;&nbsp;&nbsp;&nbsp;**<u>Calculation of Reinsurance Benefits</u>**. The "<u>Reinsurance Benefits</u>" shall be calculated for each Accounting Period as the sum of the Quota Share for the Business Reinsured, of {(1) - (2)}, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)equals all claims or amounts payable by the Ceding Company on the Business Reinsured, and any amounts to be transferred from the Ceding Company's general account to any of the Separate Accounts with respect to the Business Reinsured; <u>provided</u> that such amount shall exclude any claims paid or payable from the Separate Accounts in accordance with Section 18.02 or paid from the General Account Portfolios in accordance with Section 18.01; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)equals the Inuring Reinsurance Recoveries payable in respect of the Business Reinsured.

8.02&nbsp;&nbsp;&nbsp;&nbsp;**<u>Settlement</u>**. If the Reinsurance Benefits for the Accounting Period is a positive amount, the Reinsurer shall owe such amount in cash to the Ceding Company. If the Reinsurance Benefits for the Accounting Period is a negative amount, the Ceding Company shall owe the absolute value of such amount in cash to the Reinsurer. Settlement shall be made in accordance with Section 11.04.

**Article 9**

**Modified Coinsurance Adjustment**

[REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;[REDACTED]

9.01&nbsp;&nbsp;&nbsp;&nbsp;**<u>Modified Coinsurance Adjustment</u>.** The "&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance

[REDACTED]

Adjustment" shall be calculated for each Accounting Period as (a) the&nbsp;&nbsp;&nbsp;&nbsp;Modified

[REDACTED]

Coinsurance Reserve as of the end of such Accounting Period minus (b) the

Modified Coinsurance Reserve as of the end of the immediately preceding Accounting

[REDACTED]

Period, minus (c) the Investment Credit on&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance Assets for such

Accounting Period.

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![image_13.jpg](image_13.jpg)![image_14.jpg](image_14.jpg)![image_15.jpg](image_15.jpg)![image_16.jpg](image_16.jpg)![image_17.jpg](image_17.jpg)

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![image_18.jpg](image_18.jpg)![image_19.jpg](image_19.jpg)![image_20.jpg](image_20.jpg)![image_21.jpg](image_21.jpg)![image_22.jpg](image_22.jpg)![image_23.jpg](image_23.jpg)

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![image_24.jpg](image_24.jpg)**Article 11**

**Reporting and Settlement**

11.01 The Ceding Company shall provide the Reinsurer with information necessary to properly account for, report, validate and manage the Business Reinsured. Information required as

specified in this Article shall be provided in a format mutually agreed upon by the

Parties.

11.02 Within&nbsp;&nbsp;&nbsp;&nbsp;days after the close of each Accounting Period, the Ceding Company

[REDACTED]

shall submit an "Accounting Report" including Reinsurance Consideration, Reinsurance

**[REDACTED]**

Benefits, Expense Allowance, the Cedant Book Value of the&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance

**[REDACTED]**

Assets, the&nbsp;&nbsp;&nbsp;&nbsp;Modified Coinsurance Adjustment and the&nbsp;&nbsp;&nbsp;&nbsp;Modified

[REDACTED]

Coinsurance Reserve in a mutually agreeable format. [REDACTED]

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[REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;The Ceding Company shall provide or make available to the Reinsurer additional documentation as may be reasonably necessary to support the items reported and to manage the risk of the Business Reinsured.

[REDACTED]

![image_25.jpg](image_25.jpg)11.04 **<u>Settlement</u>**. Amounts due between the Parties for each Accounting Period in respect of

Reinsurance Consideration, Reinsurance Benefits, Expense Allowance, the Modified Coinsurance Adjustment, and any other amounts due between the Parties, including adjustments for previously estimated items and preliminary settlements, shall be determined on a net basis, in each case as reported by the Ceding Company on the Accounting Report. The balance payable shall take into account, and the Reinsurer shall be credited as part of any settlement pursuant to this Section 11.04 for any Ceding Company withdrawals from the General Account Portfolios to pay or reimburse the Ceding Company for any Reinsurance Benefits payable by the Reinsurer but the Reinsurer has failed to pay pursuant to Section 18.01. If the balance is payable to the

Reinsurer, the Ceding Company shall remit payment within&nbsp;&nbsp;&nbsp;&nbsp;days of

[REDACTED]

submission of the Accounting Report. If the balance is payable to the Ceding Company,

the Reinsurer shall remit payment to the Ceding Company within&nbsp;&nbsp;&nbsp;&nbsp;days after

[REDACTED]

receiving the Accounting Report. Payment shall be made in cash.

11.05 Upon mutual agreement of the Parties, the Ceding Company may estimate, in good faith, any amounts for purposes of settlement under this Agreement. Any such estimates shall be adjusted on the basis of the actual amounts due between the Parties as soon as available. The Parties may agree to include interest on such adjusted amounts at the Delayed Payment Interest Rate.

11.06 Any undisputed payment not made within the above specified time periods will be considered delinquent, unless the payment period is extended as agreed upon by both Parties. The Party to whom delinquent payments are owed may elect to charge interest at its sole discretion. If the owed Party chooses to charge interest, such delinquent payments will accrue interest at the Delayed Payment Interest Rate beginning as of the close of business on the payment due date. Such interest shall become immediately due and payable by the applicable Party.

![image_26.jpg](image_26.jpg)[REDACTED]

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[REDACTED]

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**Article 12**

**Inuring Reinsurance**

12.01 It is the intention of the Parties that the Reinsurer shall bear the costs and reap the benefits of the Inuring Reinsurance in proportion to its Quota Share. In exchange for the Reinsurer providing the Ceding Company with the Inuring Reinsurance Premium Allowance in order to pay the premiums under the Inuring Reinsurance agreements, the Reinsurer shall be entitled to a reduction in its liability in proportion to its Quota Share of Inuring Reinsurance Recoveries actually received by the Ceding Company. The Reinsurer shall bear the costs of any non-performance of the reinsurers under the Inuring Reinsurance agreements in proportion to its Quota Share.

12.02 The Ceding Company shall use commercially reasonable efforts to enforce all of its rights under the Inuring Reinsurance and to collect all Inuring Reinsurance Recoveries. If any of the Inuring Reinsurance is terminated or recaptured in accordance with its terms by the Ceding Company and subject to the terms of this Agreement, such recaptured Inuring Reinsurance business shall be reinsured to the Reinsurer hereunder on a coinsurance basis with respect to the general account portion of the recaptured liabilities and on a modified coinsurance basis with respect to the separate account portion of the recaptured liabilities, subject to a settlement of amount to be paid by the relevant Party as mutually agreed upon.

[REDACTED]

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![image_24.jpg](image_24.jpg)**Article 14 <br>Offset**

14.01 **<u>Offset</u>**. The Parties shall have, and may exercise at any time, the right to offset any balance or balances whether on account of premiums or on account of losses or otherwise, due from one Party to the other under this Agreement or any other reinsurance agreement between the Parties.

**Article 15 <br>Insolvency**

15.01 In the event of the insolvency of the Ceding Company, all reinsurance will be payable by the Reinsurer on the basis of the liability of the Ceding Company under the Business Reinsured hereunder directly to the liquidator, receiver or statutory successor of the Ceding Company, without diminution because of the insolvency of the Ceding Company. In any such event, the reinsurance being provided hereunder shall be payable

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immediately upon demand, within reasonable provision for verification, on the basis of claims allowed against the Ceding Company by any court of competent jurisdiction or by any liquidator, receiver or statutory successor. The Reinsurer shall have no automatic right to terminate this Agreement if the Ceding Company is placed in supervision, seizure, conservatorship, or receivership.

15.02 In the event of the insolvency of the Ceding Company, the liquidator, receiver or statutory successor shall give written notice to the Reinsurer of all pending claims against the Ceding Company on the Business Reinsured within a reasonable time after such claim is filed in the insolvency proceeding. While a claim is pending, the Reinsurer may investigate and interpose, at its own expense, in the proceeding where such claim is to be adjudicated, any defense or defenses which it may deem available to the Ceding Company or its liquidator, receiver or statutory successor.

15.03 The expenses incurred by the Reinsurer will be chargeable, subject to court approval, against the Ceding Company as part of the expense of the insolvent Ceding Company to the extent of a proportionate share of the benefit which may accrue to the Ceding Company solely as a result of the defense undertaken by the Reinsurer. Where two or more reinsurers are involved in the same claim and a majority in interest elect to interpose a defense or defenses to any such claim, the expense will be apportioned in accordance with the terms of this Agreement as though such expense had been incurred by the Ceding Company.

15.04 For purposes of this Agreement, the Ceding Company or the Reinsurer shall be deemed insolvent when it:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.applies for or consents to the appointment of a receiver, rehabilitator, conservator, liquidator or statutory successor of its properties or assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.is adjudicated as bankrupt or insolvent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.files or consents to the filing of a petition in bankruptcy, seeks reorganization to avoid insolvency or makes formal application for any bankruptcy, dissolution, liquidation or similar law or statute; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.becomes the subject of an order to rehabilitate or an order to liquidate as defined by the insurance code of the jurisdiction of the Reinsurer's domicile and such order remains undismissed and unstayed for a period of [REDACTED]

days.

15.05 The effective date of the insolvency shall be the date on which the above-described event occurred.

15.06 In the event of the insolvency of either Party, the rights or remedies of this Agreement will remain in full force and effect.

15.01 In the event either the Reinsurer or the Ceding Company is placed in supervision, seizure, conservatorship, or receivership, all rights of the party placed in supervision, seizure,

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conservatorship, or receivership shall extend to the receiver or Commissioner. Each Party shall continue to maintain any systems, programs or other infrastructure notwithstanding a supervision, seizure, conservatorship, or receivership of the other by the Commissioner under Chapter 704c of the Connecticut General Statutes and will make them available to the receiver or Commissioner as ordered or directed by the receiver or Commissioner, for as long as the Party not in supervision, seizure, conservatorship, or receivership continues to receive timely payment under the terms of this Agreement and unless released by the receiver, Commissioner or supervising court. All Books and Records of the Ceding Company and the Reinsurer shall be identifiable and segregated from all other persons' books and records or readily capable of segregation at no additional cost to any liquidator, receiver, or statutory successor and a complete set of Books and Records shall be made immediately available to any liquidator, receiver or statutory successor or the applicable Commissioner in the event either Party is placed in supervision, seizure, conservatorship, or receivership. If the Reinsurer also provides any administrative services for the Business Reinsured in the future to the Ceding Company before or during the Ceding Company's insolvency, and portions of the Ceding Company's policies or Contracts within the Business Reinsured are eligible for coverage by one or more guaranty associations, the Reinsurer will cooperate and provide Books and Records and observe its obligations (if any) under Sections (11) through (15) of Connecticut Insurance Regulation Section 38a-138-13(b) to such guaranty association(s).

**Article 16**

**Dispute Resolution**

16.01 In the event that any dispute between the Parties cannot be resolved to mutual satisfaction, the dispute will first be subject to good faith negotiation, as described below, in an attempt to resolve the dispute without the need to institute formal arbitration proceedings.

16.02 Within[REDACTED] Days after one of the Parties has given the other the first written notification of the specific dispute, each of the Parties shall appoint a designated officer to attempt to resolve the dispute. The designated officers shall meet at a mutually agreeable location as early as possible and as often as necessary, in order to discuss the dispute and to negotiate in good faith without the necessity of any formal arbitration proceedings. During the negotiation process, all reasonable requests made by one officer to the other for information shall be honored. The designated officers shall decide the specific format for such discussions.

16.03 If the designated officers cannot resolve the dispute within&nbsp;&nbsp;&nbsp;&nbsp;days of their first

[REDACTED]

meeting, the Parties may agree in writing to extend the negotiation period for an

additional period. No later than&nbsp;&nbsp;&nbsp;&nbsp;days after the final negotiation meeting, the

[REDACTED]

designated officers taking part in the negotiation shall give both Parties written confirmation that they are unable to resolve the dispute. Either Party may then choose to submit the dispute to formal arbitration in accordance with Article 17.

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**Article 17 <br>Arbitration**

17.01 It is the intention of the Parties that the customs and practices of the life insurance and life reinsurance industries will be given full effect in the operation and interpretation of this Agreement. The Parties shall act in all matters with the utmost good faith. However, if the Parties cannot mutually resolve a dispute that arises out of or relates to this Agreement in accordance with Article 16, the dispute will be decided through arbitration as described in Section 17.02 through 17.07 below.

17.02 An arbitration panel consisting of three neutral past or present officers of life insurance or life reinsurance companies not Affiliated with either of the Parties in any way shall settle

the dispute. Each Party shall appoint one arbitrator within&nbsp;&nbsp;&nbsp;&nbsp;days of the demand

[REDACTED]

for formal arbitration and the two so appointed shall then appoint the umpire. If either

Party refuses or neglects to appoint an arbitrator within the&nbsp;&nbsp;&nbsp;&nbsp;days, the other

[REDACTED]

Party may appoint the second arbitrator. If the two arbitrators cannot agree on the umpire

within&nbsp;&nbsp;&nbsp;&nbsp;days after both arbitrators have been appointed, the two arbitrators shall

[REDACTED]

select an umpire in accordance with paragraph 6.7 of the Procedures for Resolution of U.S. Insurance and Reinsurance Disputes using candidates from the ARIAS-US Certified Arbitrators List in effect at the time of the commencement of the arbitration.

17.03 Within&nbsp;&nbsp;&nbsp;&nbsp;days after the appointment of the umpire, the arbitration panel shall

[REDACTED]

meet and determine timely periods for briefs, discovery procedures, and schedules for hearings. Unless the arbitration panel agrees otherwise, the arbitration shall take place in Hartford, Connecticut and, insofar as the arbitration panel looks to the substantive law, it shall consider the laws of the State of Connecticut. The arbitration panel shall have the power to set all procedural rules for the arbitration, including the discretion to make any order with respect to pleadings, discovery, depositions, scheduling, the hearing, reception of evidence and any other matter whatsoever relating to the conduct of the arbitration.

17.04 Within&nbsp;&nbsp;&nbsp;&nbsp;days after the beginning of the arbitration proceedings the arbitration

[REDACTED]

panel shall issue a written, reasoned decision on the dispute and a statement of any award to be paid as a result. The decision will be based on the terms and conditions of this Agreement as well as the usual customs and practices of the life insurance and life reinsurance industry, rather than on strict interpretation of the law. The decision will be final and binding on both Parties and there will be no further appeal. Judgment upon the award may be entered in any court having jurisdiction thereof.

17.05 In the absence of a decision to the contrary by the arbitration panel, each Party shall bear the expense of its own arbitration activities, including, but not limited to, its appointed arbitrator's fees, outside attorney fees, witness fees, expenses incurred in the taking or preservation of testimony, and other related expenses.

17.06 The expense of the third arbitrator and other costs directly attended to the arbitration

proceeding will be allocated between and paid by the Parties in proportion to those matters in the proceeding that are resolved against each Party.

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17.07 The Parties may mutually agree to extend any of the periods shown in this Article.

**Article 18**

**General Account Portfolios; Separate Accounts**

18.01 **<u>General Account Portfolio</u>s**. The Ceding Company has established the General

Account Portfolios listed in&nbsp;&nbsp;&nbsp;&nbsp;relating to the Business Reinsured that is (i)

[REDACTED]

reinsured by it under the [REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;on a modified coinsurance basis for the

general account portion of the liabilities or (ii) assumed by it under the [REDACTED] Agreements on a coinsurance basis. The Ceding Company will hold such assets separate from the Ceding Company's other assets. The Ceding Company shall retain, own and control all assets in relation to the General Account Portfolios. The Ceding Company (or any successor by operation of law of the Ceding Company including, without limitation, any liquidator, rehabilitator, receiver or conservator of the Ceding Company) may withdraw assets from the General Account Portfolios, subject to the terms of the

[REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;or the[REDACTED] Agreements, as applicable, only to pay <br>or reimburse the Ceding Company for any Reinsurance Benefits payable by the Reinsurer but the Reinsurer has failed to pay; provided that to the extent the Ceding Company has withdrawn any amount from the General Account Portfolios for the foregoing purpose, such withdrawal shall be deemed to be a payment by the Reinsurer of such Reinsurance Benefits pursuant to Article 8 and Section 11.04.

The Ceding Company shall promptly return to the General Account Portfolios any amounts withdrawn from the General Account Portfolios that are in excess of the actual amounts required for the purposes set forth above in this Section 18.01, together with any

investment income received thereon subject to the terms of the [REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;or <br>the[REDACTED] Agreements, as applicable. Any amounts withdrawn by the Ceding Company pursuant to this Section 18.01 and not yet applied as permitted pursuant to this Section shall at all times be held by the Ceding Company (or any successor by operation of law of the Ceding Company, including any liquidator, rehabilitator, receiver or conservator of the Ceding Company) in constructive trust for the benefit of Reinsurer for the sole purpose of funding the payments and reimbursements described in this Section 18.01.

18.02 **<u>Separate Accounts</u>**<u>.</u> For each of the Contracts comprising the separate account portion

[REDACTED]

of each of the Variable Annuity Business, the&nbsp;&nbsp;&nbsp;&nbsp;Ceded Business, the

[REDACTED]

Assumed Annuity Business, and the Variable Annuitization Business, the amount to be invested on a variable basis or otherwise held in the related Separate Accounts in accordance with the terms of the Contracts shall be held by the Ceding Company in the Separate Accounts or by the underlying ceding company in its relevant Separate Account, and all Premiums and Annuitization Premiums, if applicable with respect to such variable portion of the Contracts shall be deposited in the Separate Accounts to the extent required by such Contracts. The Ceding Company shall retain, own and control all assets contained in the Separate Accounts including the management and control of the investment fund options thereof and shall hold the Account Value attributable to such Separate Accounts with respect to the Business Reinsured that are funded, in whole or in part, by one or more of the Separate Accounts and such Account Value attributable to

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such Separate Accounts shall be reported by the Ceding Company on its Separate Account balance sheets consistent with SAP applicable to the Ceding Company.

For each of the Contracts comprising the Separate Account portion of the Variable

[REDACTED]

Annuity Business, the&nbsp;&nbsp;&nbsp;&nbsp;Ceded Business, the&nbsp;&nbsp;&nbsp;&nbsp;Assumed Annuity

[REDACTED]

Business and the Variable Annuitization Business, the amount payable with respect to surrenders, loans, annuitization payments, death benefits or any other amounts with respect to such Contracts shall be paid out of the Separate Accounts to the extent required by such Contracts.

18.03 **<u>Investment Guidelines</u>**. The Ceding Company or its appointed investment manager

shall invest the assets included in General Account&nbsp;&nbsp;&nbsp;&nbsp;in accordance with the

[REDACTED]

[REDACTED]

investment guidelines associated with the&nbsp;&nbsp;&nbsp;&nbsp;Trust.

**Article 19**

**Entire Agreement**

19.01 **<u>Entire Agreement</u>**. This Agreement constitutes the entire agreement of the Parties pertaining to the transaction contemplated by this Agreement. This Agreement

supersedes and replaces all oral or written agreements previously made or existing by and between the Parties or their Representatives with regard to the transaction contemplated by this Agreement.

19.02 **<u>Amendments</u>**. This Agreement shall not be amended or modified except by written agreement, signed by a duly authorized officer of each Party and may not be amended without the prior approval of the Connecticut Insurance Department.

**Article 20**

[REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;**Changes**

20.01 [REDACTED]

20.03 **<u>Cha</u>nges to In<u>force Business</u>**. The Ceding Company shall notify the Reinsurer not less

than&nbsp;&nbsp;&nbsp;&nbsp;days (other than with respect to the Reinsured Business that is covered

[REDACTED]

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under the [REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;which is governed by Section 20.04) prior to the proposed effective date of any material amendment or modification to any of the Contracts underlying the Business Reinsured where any such amendment or modification would reasonably be expected to adversely affect the Reinsurer related to the transactions contemplated by this Agreement in any material respect. Such proposed amendment or modification will be deemed to have been accepted by the Reinsurer and will become effective on the date specified by the Ceding Company in such notice, unless the

Reinsurer has notified the Ceding Company in writing within&nbsp;&nbsp;&nbsp;&nbsp;days of receipt

[REDACTED]

of such notice that it rejects such proposed change; <u>provided</u> that the Reinsurer may not reject any such amendment or modification that is required by the terms of the applicable Contract or required by a Governmental Authority or by applicable law. Any rejection shall not be unreasonable and must set forth the reason(s) why the Reinsurer has rejected the proposed amendment or modification. If the Reinsurer does not reject the proposed change, the Reinsurer will share, in accordance with its Quota Share, in the increase or decrease in liability as a result of the change in the Business Reinsured. If the Reinsurer rejects the proposed amendment or modification as permitted by this Section 23.03, then the Reinsurer's liability hereunder shall be determined as though the rejected amendment or modification had not been made.

![image_28.jpg](image_28.jpg)[REDACTED]

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20.05  **<u>Changes to Inuring Reinsurance</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp;The Ceding Company shall notify the Reinsurer not less than&nbsp;&nbsp;&nbsp;&nbsp;days

[REDACTED]

prior to effectuating any material amendment, recapture or termination of any Inuring Reinsurance, or entering into any reinsurance agreement that would constitute Inuring Reinsurance hereunder, in each case, where any such amendment, recapture, termination or new reinsurance agreement would reasonably be expected to adversely affect the Reinsurer related to the transactions contemplated by this Agreement in any material respect. Such proposed amendment, recapture, termination or new agreement will be deemed to have been consented to by the Reinsurer unless the Reinsurer has notified the

Ceding Company in writing, within&nbsp;&nbsp;&nbsp;&nbsp;days of receipt of such notice, that

[REDACTED]

it rejects such proposal. Any rejection shall not be unreasonable and must set forth the reason(s) why the Reinsurer has rejected the proposed amendment, recapture, termination or new reinsurance agreement. In case of rejection, the Reinsurer's liability hereunder shall be determined as though such amendment, recapture or termination had not been effected, or such new reinsurance agreement had not been entered into, and any such new reinsurance agreement shall be deemed not to constitute "Inuring Reinsurance" hereunder; otherwise, the Reinsurer's liability hereunder shall be determined after giving effect to such amendment, recapture, termination or new reinsurance agreement.

[REDA&nbsp;&nbsp;&nbsp;&nbsp;[REDACTED]

20.06 **<u>Contractholder Initiatives</u>**. The Ceding Company shall not, and shall not permit its Affiliates to, directly or indirectly, undertake, solicit, sponsor or support any Internal Replacement or any other Contractholder Initiative, except with the prior written consent of the

Reinsurer. The Ceding Company may notify the Reinsurer not less than&nbsp;&nbsp;&nbsp;&nbsp;days prior to

[REDACTED]

the commencement of any proposed Internal Replacement or any other Contractholder Initiative, and the Reinsurer shall be deemed to have consented to such proposed Internal Replacement or Contractholder Initiative unless the Reinsurer has notified the Ceding Company in writing within [REDACTED] days of receipt of such notice that it rejects such proposal. Any rejection shall not be unreasonable and must set forth the reason(s) why the Reinsurer has rejected the proposed Internal Replacement or Contractholder Initiative.

20.07 All notices pursuant to this Article 20 shall be in accordance with Section 26.02 and shall be delivered to a Person designated by the Reinsurer in writing.

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**Article 21**

**General Provisions**

21.01 **<u>Recordkeeping; Audit</u>**. The Ceding Company shall maintain all Books and Records that relate to this Agreement and the Business Reinsured in accordance with industry standards of insurance record keeping and shall maintain an adequate system of internal controls and procedures for financial reporting relating to the Business Reinsured. The Reinsurer (or its duly authorized Representative) and the Connecticut Insurance Department, may, at any reasonable time and upon reasonable notice, inspect and audit such Books and Records, and shall have reasonable access to appropriate personnel of the Ceding Company. The Ceding Company will maintain oversight for functions provided by the Reinsurer and the Ceding Company will monitor services annually for quality assurance.

21.02 **<u>Assignment</u>**. The rights, duties and obligations of the Parties under this Agreement shall not be assigned, in whole or in part, except as otherwise provided herein, by either Party without the prior written consent of the other Party and the Connecticut Insurance Department.

21.03 **<u>Severability</u>**. If any provision of this Agreement shall be declared or found to be illegal, invalid, unenforceable, or void, the Parties shall be relieved of their obligations under such provision. The validity of the remaining provisions shall not be affected. To the extent possible, the Parties shall work in good faith to amend this Agreement to address such provision.

21.04 **<u>Governing Law</u>**. This Agreement shall be governed as to performance, administration and interpretation by the laws of the State of Connecticut, exclusive of the rules with respect to conflicts of law.

21.05 **<u>Errors and Omissions</u>**. Unintentional errors, omissions, oversights, delays or misunderstandings (collectively "<u>Error</u>") in the administration of this Agreement by either Party, shall not invalidate the reinsurance hereunder. As soon as reasonably possible after discovery, notice shall be provided, the Error shall be rectified and both Parties shall be restored, to the extent possible, to the position they would have occupied had the Error not occurred.

However, if it is not reasonably possible to restore each Party to the position it would have occupied if not for the Error, the Parties shall endeavor in good faith to promptly resolve the situation in a manner that is fair and reasonable and most closely

approximates the intent of the Parties as evidenced by this Agreement. Nothing set forth in this Section 21.05 shall be construed as a waiver by either Party of its right to enforce strictly the terms of this Agreement.

21.06 **<u>Headers</u>**. Headers are provided for reference purposes only and are not made a part of this Agreement.

21.07 **<u>Non-Waiver</u>**. No act, delay, omission, course of dealing or prior transaction by or between the Parties to this Agreement shall constitute a waiver of any right or remedy

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under this Agreement. No waiver of any right or remedy under this Agreement shall be construed to be a waiver of any other or subsequent right or remedy under this Agreement.

21.08 **<u>Counterparts</u>**. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same Agreement.

21.09 **<u>Force Majeure</u>**. Neither Party shall be liable for any delay or non-performance of any obligation contained herein nor shall any such delay or non-performance constitute a default hereunder, or give rise to any liability for damages if such delay or nonperformance is caused by an event of Force Majeure. The existence of any event of Force Majeure shall extend the term of performance on the part of such Party to complete performance in the exercise of reasonable diligence after the event of Force Majeure has been removed. "<u>Force Majeure</u>" as used in this Agreement shall mean an event, explosion, action of the elements, strike or other labor relations problem, restriction or restraint imposed by law, rule or regulation of any public authority, whether federal, state or local, and whether civil or military, act of any military authority, interruption of transportation facilities or any other cause which is beyond the reasonable control of such Party and which by the exercise of reasonable diligence such Party is unable to prevent.

21.10 **<u>Survival</u>**. All provisions of this Agreement shall survive its termination to the extent necessary to carry out the purpose of this Agreement or to ascertain and enforce the Parties' rights or obligations hereunder existing at the time of termination.

21.11 **<u>Currency</u>**. All amounts payable under this Agreement will be payable in United States Dollars.

[REDACTED] [REDACTED]

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[REDACTED]

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[REDACTED]

**Article 23**

**Commencement and Termination**

23.01 **<u>Dura</u>tion of Agreement**. This Agreement shall be effective as of 12:01am on July 1, 2025 [REDACTED]

(the "<u>Effective Time</u>") and shall remain in force hereunder until the earlier of (a) the date on which the Ceding Company's liability for all Business Reinsured terminates, (b) the Termination Effective Date (in the event of a nonpayment termination event pursuant to Section 23.02); and (c) the Recapture Effective Date (in the event of a recapture event pursuant to Article 13).

[REDACTED]

23.02 Upon (i) the expiration of all the Ceding Company's liabilities under the&nbsp;&nbsp;&nbsp;&nbsp;Assumed

Annuity Business, or (ii) the termination or recapture of the [REDACTED]

Agreements, the Ceding Company shall pay to the Reinsurer an amount equal to the

[REDACTED]&nbsp;&nbsp;&nbsp;&nbsp;[REDACTED]

Trust Notional Excess Amount less the&nbsp;&nbsp;&nbsp;&nbsp;Trust Initial Excess Amount, to the extent such amount has not already been released to the Ceding Company.

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&nbsp;&nbsp;&nbsp;&nbsp;23.03 **<u>Termination Due to Non-Payment of Amounts Due</u>.** Notwithstanding Section 23.01, when material undisputed amounts, (i) determined in accordance with Section 11.04, due the Reinsurer are not paid within the timing specified in Section 11.04, or (ii) required for

[REDACTED]

the Ceding Company to deposit or allocate to the&nbsp;&nbsp;&nbsp;&nbsp;Trust in connection with the net settlement herein but not so deposited or allocated, the Reinsurer shall have the right to issue a written notice of termination of this Agreement (the "<u>Nonpayment Termination Notice</u>") for the nonpayment of undisputed amounts, in accordance with Section 26.01, which shall include the amount past due (the "<u>Past Due Amount</u>"). If, within [REDACTED] days of the Ceding Company's receipt of the Nonpayment Termination Notice, the Ceding Company remits the undisputed Past Due Amount in the case of (i) above or deposits or allocates the undisputed Past Due Amount in the case of (ii) above, in each case, together with interest on such amount calculated in accordance with Section 11.06, the Reinsurer's Nonpayment Termination Notice shall be withdrawn. If the Ceding Company does not remit or deposit or allocate, as applicable, such undisputed Past Due Amount in full, together with interest thereon calculated in accordance with Section 11.06, on or prior to such date, reinsurance under this Agreement shall terminate effective as of the last day set forth in the Nonpayment Termination Notice (the "<u>Termination</u> <u>Effective Date</u>") and the Parties shall perform a Terminal Settlement in accordance with the terms of Article 22.

If, for any reason, the Parties disagree as to the amount of Past Due Amount, the matter shall be subject to the dispute resolution and arbitration procedures set forth in Articles 16 and 17, and during such time this Agreement shall remain in full force and effect <u>provided</u> the Ceding Company pays what the Ceding Company reasonably believes to be the Past Due Amount. Any award or order by the arbitration panel will be paid in accordance with the terms and conditions of such award or order.

The Ceding Company shall not force termination of this Agreement through the non-

payment of amounts due. Notwithstanding this Article 23, termination shall not be construed as the sole remedy available to the Reinsurer under this Agreement.

**Article 24**

**Proprietary Information; Confidentiality**

&nbsp;&nbsp;&nbsp;&nbsp;24.01 During the course of performance under this Agreement, a Party (the "<u>Owner</u>") or its Representative may make available to the other Party (the "<u>Recipient</u>") or its Representative certain materials such as manuals, Contract owner lists, data files and the data contained therein, systems, forms, methods, processes, and procedures and other information or data (collectively "<u>Proprietary Information</u>") which are proprietary or trade secret in nature. Information known in the public domain, or which is or was publicly disclosed to Recipient by any Party not under a duty to retain such information as confidential, shall not constitute Proprietary Information.

&nbsp;&nbsp;&nbsp;&nbsp;24.02 Each Party acknowledges that all Proprietary Information is offered for the sole purpose of facilitating the rendering of services under this Agreement. Further, each Party agrees that the Owner is deemed to be the sole owner of such Proprietary Information.

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&nbsp;&nbsp;&nbsp;&nbsp;24.03 The Parties shall hold all Proprietary Information in trust and confidence and shall use Proprietary Information only for purposes of this Agreement. Unless required by law or regulation (including in connection with any judicial or administrative proceeding(s)), neither Party shall disclose any Proprietary Information without the express written consent of the other Party. Notwithstanding the foregoing, the Parties may disclose Proprietary Information to their Representatives who need to know such Proprietary Information to carry out the purposes for which it was disclosed (it being understood that the Party disclosing the Proprietary Information shall inform its Representatives of the confidential nature of the Proprietary Information, shall cause such Representatives to observe the terms of this Agreement and shall be liable for any breach of this Agreement by itself or any of its Representatives).

&nbsp;&nbsp;&nbsp;&nbsp;24.04 In the event a Party or its Representative breaches this obligation, the Owner shall have all rights and remedies available under law and equity, including the right to protect its Proprietary Information by injunction, without proving economic loss, which the Parties acknowledge and concede is appropriate and necessary to protect the value of the Owner's Proprietary Information.

&nbsp;&nbsp;&nbsp;&nbsp;24.05 Notwithstanding anything herein to the contrary, except as reasonably necessary to comply with applicable securities laws, each Party to this Agreement (and each Representative of such Party) may consult any tax advisor regarding the U.S. federal income tax treatment or tax structure of the transaction (the "<u>Tax Treatment</u>"), and disclose to any and all Persons, without limitation of any kind, the Tax Treatment and all materials of any kind (including opinions or other tax analyses) that are provided to such Party relating to the Tax Treatment. The permission to disclose the Tax Treatment is limited to any facts relevant to the Tax Treatment and does not include information relating to the identity of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;24.06 In the event either Party is served with a subpoena, request for production of documents or other legal process with respect to Proprietary Information, such Party shall immediately notify and send a copy of such subpoena or legal process to the other Party so that the other Party may determine whether any of its Proprietary Information may be included in the data required to be produced. Such other Party may, at its own expense, take such legal action as it deems necessary to preserve the confidentiality of its Proprietary Information or may waive its rights to do so.

&nbsp;&nbsp;&nbsp;&nbsp;24.07 To the extent possible, Proprietary Information shall be promptly destroyed by the Recipient upon the termination of this Agreement or, with respect to any particular data files and data, on such earlier date that the same are no longer required by Recipient in order to render services hereunder. Notwithstanding the foregoing, the Recipient will not be obligated to destroy any Proprietary Information that is retained for back-up or archiving purposes, in accordance with a document retention policy, or that the Recipient, in the opinion of counsel, is legally compelled to keep and store.

&nbsp;&nbsp;&nbsp;&nbsp;24.08 The Parties shall notify each other immediately and in writing of all circumstances surrounding any access to or possession of Proprietary Information by any Person other than Persons authorized by this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;24.09 This Article shall survive the termination of this Agreement.

**Article 25**

**Administration**

&nbsp;&nbsp;&nbsp;&nbsp;25.01 The Ceding Company shall administer the Business Reinsured and provide all required, necessary and appropriate administrative and other services with respect to the Business Reinsured in accordance with the terms hereof (the "<u>Services</u>"). The Ceding Company shall provide the Services (a) in accordance in all material respects with the terms of the Contracts underlying the Business Reinsured, the applicable terms of this Agreement, and applicable law and (b) subject to the foregoing, in substantially the same manner from a quality perspective and using at least the same standards of skill, diligence, care, effort and expertise applied by the Ceding Company in providing the Services during the twelve (12)-month period prior to the Closing Date. The Ceding Company will not materially change, alter or otherwise compromise its administrative practices that could have a material adverse effect on the Reinsurer with respect to the Business Reinsured without the prior written consent of the Reinsurer; such consent not to be unreasonably withheld, conditioned or delayed, it being understood that this sentence shall not be construed to alter the Ceding Company's other obligations under this Agreement.

[REDACTED]

**Article 26 <br>Notices**

&nbsp;&nbsp;&nbsp;&nbsp;26.01 **<u>Notices</u>**. All demands, notices, reports and other communications provided for herein shall be delivered by the following means: (i) hand delivery; (ii) overnight courier service (*e.g.*, FedEx, UPS Overnight, etc.); (iii) registered or certified U.S. mail, postage prepaid and return receipt requested; or (iv) facsimile transmission or e-mail provided that the fax or e-mail is confirmed by delivery using one of the three methods identified in clauses (i) through (iii). All such demands, notices, reports and other communications shall be delivered to the Parties as follows:

If to the Ceding Company:

[REDACTED]

Head of US Reinsurance Operations

Talcott Resolution Life and Annuity Insurance Company

One American Row

Hartford, CT 06103

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With copy (which shall not constitute notice) to:

[REDACTED]

Reinsurance Counsel

Talcott Resolution Life and Annuity Insurance Company

One American Row

Hartford, CT 06103

United States

If to the Reinsurer:

[REDACTED]

US Chief Actuary

Talcott Resolution Life Insurance Company

One American Row

Hartford, CT 06103

United States

With copy (which shall not constitute notice) to:

[REDACTED]

General Counsel

Talcott Resolution Life Insurance Company

One American Row

Hartford, CT 06103

United States

Either Party may change the names or addresses where notice is to be given by providing notice to the other Party of such change in accordance with this Section 26.01.

&nbsp;&nbsp;&nbsp;&nbsp;26.02 **<u>Other Communications</u>**. Notwithstanding Section 26.01, the Parties agree that communications in the course of the routine administration of this Agreement may be

sent to the specific contact(s) identified by the receiving Party from time to time.

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IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized representatives.

**Talcott Resolution Life and Annuity&nbsp;&nbsp;&nbsp;&nbsp;Talcott Resolution Life Insurance**

**Insurance Company&nbsp;&nbsp;&nbsp;&nbsp;Company**

[REDACTED] &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[REDACTED]

**Title**: Vice President and Actuary&nbsp;&nbsp;&nbsp;&nbsp;**Title**: Vice President and Chief Actuary

[Signature Page to the Reinsurance Agreement between Talcott Resolution Life and Annuity Insurance Company and Talcott Resolution Life Insurance Company]

## Exhibit 99.27

EXHIBIT 99.27K

&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;![a_image1a.gif](a_image1a.gif)

Christopher Grinnell<br>Talcott Resolution Law Group<br>1 American Row<br>Hartford, CT 06103<br>Tel. 1-860-791-0750<br>christopher.grinnell@talcottresolution.com

April 21, 2026

Board of Directors

Talcott Resolution Life and Annuity Insurance Company

1 American Row

Hartford, CT 06103

RE: Talcott Resolution Life and Annuity Insurance Company (The "Company")

Separate Account Seven (The "Account")

File No. 333-176152

Post-Effective Amendment No. 25

Dear Sir/Madam:

I have acted as Counsel to the Company, a Connecticut insurance company, and the Account in connection with the registration of an indefinite amount of securities in the form of variable annuity contracts (the "Contracts") with the Securities and Exchange Commission under the Securities Act of 1933, as amended.

I have examined such documents (including the Form N-4 registration statement) and reviewed such questions of law as I considered necessary and appropriate, and on the basis of such examination and review, it is my opinion that:

1.&nbsp;&nbsp;&nbsp;&nbsp;The Company is a corporation duly organized and validly existing as a stock life insurance company under the laws of the State of Connecticut and is duly authorized by the Insurance Department of the State of Connecticut to issue the Contracts.

2.&nbsp;&nbsp;&nbsp;&nbsp;The Account is a duly authorized and existing separate account established pursuant to the provisions of Section 38a-433 of the Connecticut Statutes.

3.&nbsp;&nbsp;&nbsp;&nbsp;To the extent so provided under the contracts, that portion of the assets of the Account equal to the reserves and other contract liabilities with respect to the Account will not be chargeable with liabilities arising out of any other business that the Company may conduct.

4.&nbsp;&nbsp;&nbsp;&nbsp;The Contracts, when issued as contemplated by the Form N-4 Registration Statement, will constitute legal, validly issued and binding obligations of the Company.

I hereby consent to the filing of this opinion as an exhibit to the Form N-4 registration statement for the Contacts and the Account.

Very truly yours,

---

| |
|:---|
| /s/ Christopher Grinnell |
| Christopher Grinnell |
| Vice President and Associate General Counsel |

---

## Exhibit 99.27

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

We consent to the incorporation by reference in this Registration Statement No. 333-176152 on Form N-4 of our report dated April 17, 2026, relating to the financial statements and financial highlights of each of the Sub-Accounts of Talcott Resolution Life and Annuity Insurance Company Separate Account Seven, appearing in the N-VPFS, and to the reference to us under the heading "Experts" in the Statement of Additional Information, which is part of such Registration Statement.

/s/ Deloitte & Touche LLP

Hartford, Connecticut

April 21, 2026

## Exhibit 99.27

**CONSENT OF INDEPENDENT AUDITOR**

We consent to the incorporation by reference in this Registration Statement No. 333-176152 on Form N-4 of our report dated March 27, 2026, relating to the statutory-basis financial statements and financial statement schedules of Talcott Resolution Life and Annuity Insurance Company, appearing in the N-VPFS for the year ended December 31, 2025. We also consent to the reference to us under the heading "Experts" in such Registration Statement.

/s/ Deloitte & Touche LLP

Hartford, Connecticut

April 21, 2026

## Exhibit 99.27

**TALCOTT RESOLUTION LIFE AND ANNUITY INSURANCE COMPANY** 

**POWER OF ATTORNEY**

- - - - - - - - - -

Oliver Jakob

I, Oliver Jakob, appoint Christopher Grinnell, Christopher Conner and/or Dexter Hoffman, individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, in my name, place and stead, in any and all capacities, to sign the registration statements with which this power of attorney is being filed, as listed in Appendix A attached hereto, and any and all amendments thereto (including pre-effective amendments and post-effective amendments), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof.

IN WITNESS THEREOF, the undersigned has executed this Power of Attorney for the purpose herein set forth.

---

| | |
|:---|:---|
| By: /s/ Oliver Jakob | Dated as of: 2/18/2025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oliver Jakob |  |

---

------

**APPENDIX A**

**Talcott Resolution Life and Annuity Insurance Company**

**Power of Attorney Dated as of** 

**File Numbers:**

---

| | | |
|:---|:---|:---|
| 033-56790 | 333-91921 | 333-104357 |
| 033-60702 | 333-91931 | 333-105255 |
| 033-73568 | 333-91933 | 333-105256 |
| 033-73572 | 333-95781 | 333-105259 |
| 033-80732 | 333-95785 | 333-105267 |
| 033-86330 | 333-101924 | 333-105272 |
| 333-19605 | 333-101926 | 333-119416 |
| 333-34998 | 333-101928 | 333-119418 |
| 333-39608 | 333-101930 | 333-119420 |
| 333-39620 | 333-101933 | 333-119421 |
| 333-40410 | 333-101935 | 333-119423 |
| 333-45303 | 333-101936 | 333-136545 |
| 333-50465 | 333-101939 | 333-136548 |
| 333-52707 | 333-101941 | 333-148555 |
| 333-66345 | 333-101943 | 333-148561 |
| 333-66935 | 333-101945 | 333-148565 |
| 333-69429 | 333-101947 | 333-148566 |
| 333-69487 | 333-101949 | 333-159547 |
| 333-69491 | 333-101951 | 333-168987 |
| 333-76419 | 333-101953 | 333-168989 |
| 333-76423 | 333-101955 | 333-174679 |
| 333-76425 | 333-102628 | 333-176152 |

---

------

**TALCOTT RESOLUTION LIFE AND ANNUITY INSURANCE COMPANY**

**POWER OF ATTORNEY**

- - - - - - - - - -

Lindsay Mastroianni

I, Lindsay Mastroianni, appoint Christopher Grinnell, Christopher Conner and/or Dexter Hoffman, individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, in my name, place and stead, in any and all capacities, to sign the registration statements with which this power of attorney is being filed, as listed in Appendix A attached hereto, and any and all amendments thereto (including pre-effective amendments and post-effective amendments), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof.

IN WITNESS THEREOF, the undersigned has executed this Power of Attorney for the purpose herein set forth.

---

| | |
|:---|:---|
| By: /s/ Lindsay Mastroianni | Dated as of: 2/18/2025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lindsay Mastroianni |  |

---

------

**APPENDIX A**

**Talcott Resolution Life and Annuity Insurance Company**

**Power of Attorney Dated as of [DATE]**

**File Numbers:**

---

| | | |
|:---|:---|:---|
| 033-56790 | 333-91921 | 333-104357 |
| 033-60702 | 333-91931 | 333-105255 |
| 033-73568 | 333-91933 | 333-105256 |
| 033-73572 | 333-95781 | 333-105259 |
| 033-80732 | 333-95785 | 333-105267 |
| 033-86330 | 333-101924 | 333-105272 |
| 333-19605 | 333-101926 | 333-119416 |
| 333-34998 | 333-101928 | 333-119418 |
| 333-39608 | 333-101930 | 333-119420 |
| 333-39620 | 333-101933 | 333-119421 |
| 333-40410 | 333-101935 | 333-119423 |
| 333-45303 | 333-101936 | 333-136545 |
| 333-50465 | 333-101939 | 333-136548 |
| 333-52707 | 333-101941 | 333-148555 |
| 333-66345 | 333-101943 | 333-148561 |
| 333-66935 | 333-101945 | 333-148565 |
| 333-69429 | 333-101947 | 333-148566 |
| 333-69487 | 333-101949 | 333-159547 |
| 333-69491 | 333-101951 | 333-168987 |
| 333-76419 | 333-101953 | 333-168989 |
| 333-76423 | 333-101955 | 333-174679 |
| 333-76425 | 333-102628 | 333-176152 |

---

------

**TALCOTT RESOLUTION LIFE AND ANNUITY INSURANCE COMPANY** 

**POWER OF ATTORNEY**

- - - - - - - - - -

James O'Grady

I, James O'Grady, appoint Christopher Grinnell, Christopher Conner and/or Dexter Hoffman, individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, in my name, place and stead, in any and all capacities, to sign the registration statements with which this power of attorney is being filed, as listed in Appendix A attached hereto, and any and all amendments thereto (including pre-effective amendments and post-effective amendments), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof.

IN WITNESS THEREOF, the undersigned has executed this Power of Attorney for the purpose herein set forth.

---

| | |
|:---|:---|
| By: /s/ James O'Grady | Dated as of: 2/18/2025 |
| &nbsp;&nbsp;&nbsp;&nbsp; James O'Grady |  |

---

------

**APPENDIX A**

**Talcott Resolution Life and Annuity Insurance Company**

**Power of Attorney Dated as of [DATE]**

**File Numbers:**

---

| | | |
|:---|:---|:---|
| 033-56790 | 333-91921 | 333-104357 |
| 033-60702 | 333-91931 | 333-105255 |
| 033-73568 | 333-91933 | 333-105256 |
| 033-73572 | 333-95781 | 333-105259 |
| 033-80732 | 333-95785 | 333-105267 |
| 033-86330 | 333-101924 | 333-105272 |
| 333-19605 | 333-101926 | 333-119416 |
| 333-34998 | 333-101928 | 333-119418 |
| 333-39608 | 333-101930 | 333-119420 |
| 333-39620 | 333-101933 | 333-119421 |
| 333-40410 | 333-101935 | 333-119423 |
| 333-45303 | 333-101936 | 333-136545 |
| 333-50465 | 333-101939 | 333-136548 |
| 333-52707 | 333-101941 | 333-148555 |
| 333-66345 | 333-101943 | 333-148561 |
| 333-66935 | 333-101945 | 333-148565 |
| 333-69429 | 333-101947 | 333-148566 |
| 333-69487 | 333-101949 | 333-159547 |
| 333-69491 | 333-101951 | 333-168987 |
| 333-76419 | 333-101953 | 333-168989 |
| 333-76423 | 333-101955 | 333-174679 |
| 333-76425 | 333-102628 | 333-176152 |

---

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

------

**TALCOTT RESOLUTION LIFE AND ANNUITY INSURANCE COMPANY** 

**POWER OF ATTORNEY**

- - - - - - - - - -

Lisa M. Proch

I, Lisa M. Proch, appoint Christopher Grinnell, Christopher Conner and/or Dexter Hoffman, individually, my true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, in my name, place and stead, in any and all capacities, to sign the registration statements with which this power of attorney is being filed, as listed in Appendix A attached hereto, and any and all amendments thereto (including pre-effective amendments and post-effective amendments), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent may lawfully do or cause to be done by virtue hereof.

IN WITNESS THEREOF, the undersigned has executed this Power of Attorney for the purpose herein set forth.

---

| | |
|:---|:---|
| By: /s/ Lisa M.Proch | Dated as of: 2/18/2025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lisa M. Proch |  |

---

------

**APPENDIX A**

**Talcott Resolution Life and Annuity Insurance Company**

**Power of Attorney Dated as of [DATE]**

**File Numbers:**

---

| | | |
|:---|:---|:---|
| 033-56790 | 333-91921 | 333-104357 |
| 033-60702 | 333-91931 | 333-105255 |
| 033-73568 | 333-91933 | 333-105256 |
| 033-73572 | 333-95781 | 333-105259 |
| 033-80732 | 333-95785 | 333-105267 |
| 033-86330 | 333-101924 | 333-105272 |
| 333-19605 | 333-101926 | 333-119416 |
| 333-34998 | 333-101928 | 333-119418 |
| 333-39608 | 333-101930 | 333-119420 |
| 333-39620 | 333-101933 | 333-119421 |
| 333-40410 | 333-101935 | 333-119423 |
| 333-45303 | 333-101936 | 333-136545 |
| 333-50465 | 333-101939 | 333-136548 |
| 333-52707 | 333-101941 | 333-148555 |
| 333-66345 | 333-101943 | 333-148561 |
| 333-66935 | 333-101945 | 333-148565 |
| 333-69429 | 333-101947 | 333-148566 |
| 333-69487 | 333-101949 | 333-159547 |
| 333-69491 | 333-101951 | 333-168987 |
| 333-76419 | 333-101953 | 333-168989 |
| 333-76423 | 333-101955 | 333-174679 |
| 333-76425 | 333-102628 | 333-176152 |

---

<br>