# EDGAR Filing Document

**Accession Number:** 0000853285
**File Stem:** 0001193125-26-289853
**Filing Date:** 2026-6
**Character Count:** 685137
**Document Hash:** 006bd7422125f66c940aad722fb9b499
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-289853.hdr.sgml**: 20260630

**ACCESSION NUMBER**: 0001193125-26-289853

**CONFORMED SUBMISSION TYPE**: 485BPOS

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20260630

**DATE AS OF CHANGE**: 20260630

**EFFECTIVENESS DATE**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE LIFE VARIABLE ACCOUNT F
- **CENTRAL INDEX KEY:** 0000853285

**ORGANIZATION NAME:**
- **EIN:** 042461439
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05846
- **FILM NUMBER:** 261139090

**BUSINESS ADDRESS:**
- **STREET 1:** 1601 TRAPELO ROAD
- **STREET 2:** 230 THIRD AVENUE, 6TH FLOOR
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451
- **BUSINESS PHONE:** 7817908774

**MAIL ADDRESS:**
- **STREET 1:** 1601 TRAPELO ROAD
- **STREET 2:** 230 THIRD AVENUE, 6TH FLOOR
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUN LIFE OF CANADA U S VARIABLE ACCOUNT F
- **DATE OF NAME CHANGE:** 19920703
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE LIFE VARIABLE ACCOUNT F
- **CENTRAL INDEX KEY:** 0000853285

**ORGANIZATION NAME:**
- **EIN:** 042461439
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-225901
- **FILM NUMBER:** 261139089

**BUSINESS ADDRESS:**
- **STREET 1:** 1601 TRAPELO ROAD
- **STREET 2:** 230 THIRD AVENUE, 6TH FLOOR
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451
- **BUSINESS PHONE:** 7817908774

**MAIL ADDRESS:**
- **STREET 1:** 1601 TRAPELO ROAD
- **STREET 2:** 230 THIRD AVENUE, 6TH FLOOR
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUN LIFE OF CANADA U S VARIABLE ACCOUNT F
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### DELAWARE LIFE VARIABLE ACCOUNT F (Series ID: S000008074)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000204561 | Masters Prime |  |

**As Filed with the Securities and Exchange Commission on June 30, 2026**

**REGISTRATION NO. 333-225901**

**811-05846**

------

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549** 

------

**FORM N-4** 

------

---

| |
|:---|
| **REGISTRATION STATEMENT** |
| ***UNDER*** |
| ***THE SECURITIES ACT OF 1933*** |
| **Post-Effective Amendment No. 15** |
| **and** |
| **REGISTRATION STATEMENT** |
| ***UNDER*** |
| ***THE INVESTMENT COMPANY ACT OF 1940*** |
| **Amendment No. 162** |

---

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

------

**DELAWARE LIFE VARIABLE ACCOUNT F**

**(Exact Name of Registrant)** 

------

**DELAWARE LIFE INSURANCE COMPANY**

**(Name of Insurance Company)**

**10555 Group 1001 Way** <br>**Zionsville, IN 46077**

**(Address of Insurance Company's Principal Executive Offices)**

**Insurance Company's Telephone Number: (844) 448-3519**

**Michael S. Bloom, Chief Legal Officer and Secretary** <br>**Delaware Life Insurance Company** <br>**230 Third Avenue, 6th Floor** <br>**Waltham, MA 02451**

**(Name and Address of Agent for Service)** 

------

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

☒ immediately upon filing pursuant to paragraph (b) 

☐ on 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.

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

------

☐ 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)

------

PART A

------

**DELAWARE LIFE MASTERS PRIME**<sup>®</sup> **VARIABLE ANNUITY** <br>**PROSPECTUS**

**June 30, 2026**

This Prospectus describes the Delaware Life Masters Prime<sup>®</sup> Variable Annuity (the "Contract"), a flexible payment deferred variable annuity contract. Delaware Life Insurance Company (the "Company," "Delaware Life," "us," "our," or "we") and Delaware Life Variable Account F (the "Variable Account") offered the Contract to individuals and entities and through personal retirement and deferred compensation plans. **The Contract is no longer available for sale.**

The Contract allows you to accumulate assets on a tax-deferred basis for retirement or other long-term purposes. This Prospectus provides important information about the Contract, including its material features, rights, obligations, restrictions, Investment Options, optional benefits, and variations, as well as other information.

The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The Contract is a complex investment and involves risks, including potential loss of principal.

If you take a withdrawal or surrender, you may be subject to a withdrawal charge and income taxes, including a 10% additional federal tax if you are younger than age 59 <sup>1</sup>∕2.

When you invest in the Contract, you decide how to allocate your money among a number of Variable Options and, if available, the Fixed Options. See "*APPENDIX A – INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT*" for additional information about each Variable Option and Fixed Option. You should consider which features are important to you and the amount of Variable Account charges, the amount of any optional benefit charges, and the amount of any early withdrawal charges that you are willing to pay relative to your needs. In deciding whether to purchase any of the optional living or death benefits that are available, you should consider the desirability of the benefit relative to its additional cost and your needs.

The availability of investment options, Contract benefits or other features described in this prospectus may vary depending on the broker-dealer or other financial intermediary through which the Contract was sold.

If you are a new investor in the Contract, you may cancel your Contract within 10 days of receiving it without paying fees or penalties. In some states, this cancellation period may be longer. Upon cancellation, you will receive either a full refund of the amount you paid with your application or your Contract Value. You should review this Prospectus, or consult with your investment professional, for additional information about the specific cancellation terms that apply.

Any obligations (including under any Fixed Options) or guarantees under the Contract are subject to the Company's financial strength and claims-paying ability.

**NOTICE REGARDING THE AVAILABILITY OF THE COMPANY'S AUDITED FINANCIAL STATEMENTS** 

Audited financial statements for the Company for the year-ended December 31, 2025 are now available to you online at https://dfinview.com/delawarelife/TAHD/246115166?site=Annuity. Copies are also available to you upon request, without charge, by calling (800) 477-6545 or by sending an email request to customer.relations@delawarelife.com. As a reminder, the Company's 2025 audited financial statements were delayed due to a review of the Company's affiliate and related-party transactions, which has been completed. The review identified errors relating to the identification and presentation of certain related-party investments and, to correct the errors, the Company has restated certain 2024 disclosures in the Notes to the 2025 audited financial statements. Other than the corrected Notes disclosures, there has been no restatement of the 2024 information set forth in the 2025 financial statements. Please see the Company's 2025 audited financial statements for additional information.

The financial guarantees we provide under your Contract are supported by the Company's general account and are subject to the Company's financial strength and claims-paying ability. The Company's financial statements are relevant to the Company's ability to meet its financial obligations under your Contract and should not be considered as having any bearing on the investment performance of the assets held in the Variable Account.

------

Audited financial statements for the Variable Account for the year-ended December 31, 2025 are available to you online at https://dfinview.com/delawarelife/TAHD/246115166?site=Annuity. Additional copies may be obtained upon request, without charge, by calling (800) 477-6545 or by sending an email request to customer.relations@delawarelife.com.

If you have any questions about your Contract, please contact us at our Service Address:

By mail – Delaware Life Insurance Company <br> P.O. Box 758581, Topeka, KS 66675-8581

By express mail – Delaware Life Insurance Company, <br> Mail Zone 581, 5801 S.W. 6th Avenue, Topeka, KS 66636

By telephone – (877) 253-2323 <br>By facsimile – (785) 286-6118 <br>https://www.delawarelife.com/contact-us/contact-page

**The Contracts are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency.** 

**These securities have not been approved or disapproved by the Securities and Exchange Commission, nor has the Commission passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.** 

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

------

**Table of Contents** 

---

| | |
|:---|:---|
| [SPECIAL TERMS](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_1) | 6 |
| [OVERVIEW OF THE CONTRACT](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_6) | 11 |
| [IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_7) | 12 |
| [FEE TABLE](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_10) | 15 |
| [PRINCIPAL RISKS OF INVESTING IN THE CONTRACT](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_12) | 17 |
| [DELAWARE LIFE INSURANCE COMPANY](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_15) | 20 |
| [THE VARIABLE ACCOUNT](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_15) | 20 |
| [VARIABLE OPTIONS: THE FUNDS](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_15) | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Payments We Receive](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_17) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Selection of Funds](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_17) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Fund Restrictions](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_18) | 23 |
| [THE FIXED ACCOUNT](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_18) | 23 |
| [THE FIXED ACCOUNT: Fixed OPTIONS](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_19) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Interest Rates](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_20) | 25 |
| [THE ACCUMULATION PHASE](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_20) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Issuing Your Contract](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_20) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Amount and Frequency of Purchase Payments](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_20) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Allocation of Purchase Payments](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_21) | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Your Contract Value](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_21) | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Variable Accumulation Value](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_21) | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Fixed Accumulation Value](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_22) | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Transfers Among the Subaccounts and the Fixed Account](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_23) | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Restrictions on Frequent Transfers](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_24) | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_25) | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Automatic Programs](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_25) | 30 |
| [WITHDRAWALS, SURRENDERS, AND WITHDRAWAL CHARGES](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_27) | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Cash Withdrawals](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_27) | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Withdrawal Charge](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_28) | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals not Subject to Withdrawal Charge](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_29) | 34 |
| [CONTRACT CHARGES](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_31) | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annual Contract Fee](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_31) | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Asset Charge](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_31) | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Charges for the Optional Living Benefit](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_32) | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Charges for the Optional Death Benefits](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_32) | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Premium Taxes](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_32) | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Fund Charges](#xx_b96b0ee3-b416-42c8-b58d-7066da456cbf_33) | 38 |
| [BENEFITS AVAILABLE UNDER THE CONTRACT](#xx_a11efcd7-1c85-4f92-b017-ed465724ed86_1) | 39 |
| [DESIGNATED FUNDS](#xx_c8942a9c-5d21-4ff5-8382-11fbdf419a2d_1) | 43 |
| [OPTIONAL LIVING BENEFIT: THE GLWB](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_1) | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Determining Your Withdrawal Benefit Base](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_2) | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Determining Your AWA](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_2) | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [How the GLWB Works](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_3) | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Step-Up Feature and Bonus Feature](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_3) | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Step-Up Feature](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_4) | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Bonus Feature](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_5) | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under the GLWB](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_7) | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [The GLWB Fee](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_9) | 52 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [GLWB Covered Person and Joint GLWB Covered Person](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_10) | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Effect of Divorce on the GLWB](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_11) | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Death of Owner](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_11) | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Spousal Considerations - GLWB](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_12) | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Death of the GLWB Covered Person with Single-Life Coverage](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_12) | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Death of the GLWB Covered Person with Joint-Life Coverage](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_12) | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuitization Under the GLWB](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_13) | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Termination of the GLWB](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_13) | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Tax Issues Under the GLWB](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_14) | 57 |
| [DEATH BENEFIT](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_14) | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Amount of the Death Benefit](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_15) | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Optional Death Benefits](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_15) | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [HAV Death Benefit](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_15) | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [ROP Death Benefit](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_16) | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Impact of Partial Withdrawals under the Optional Death Benefits](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_17) | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Spousal Considerations - Death Benefit](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_18) | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Method of Paying Death Benefit](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_18) | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Payment of Death Benefit](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_19) | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Qualified Contracts](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_19) | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Non-Qualified Contracts](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_20) | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Selection and Change of Beneficiary](#xx_e370dde8-9d9b-42eb-9f16-92dc7b5f1462_20) | 63 |
| [THE INCOME PHASE - ANNUITIZATION PROVISIONS](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_1) | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Selection of Annuitant(s)](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_1) | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Your Annuity Income Date](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_1) | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Fixed Annuity Payment Options](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_1) | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Determination of Amount of Annuity Payments](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_2) | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Interest Rates and Mortality Table](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_3) | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuity Payment Options as Method of Payment for Death Benefit](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_3) | 66 |
| [GENERAL PROVISIONS](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_3) | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Right to Examine and Cancel](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_3) | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Electronic Delivery of Contract Information](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_4) | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Deferral of Payments and Transfers](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_4) | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Exercise of Contract Rights](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_4) | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Change of Ownership](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_5) | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Reports to Owners](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_5) | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Substitution of Securities](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_5) | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Change in Operation of Variable Account](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_5) | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Splitting Units](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_5) | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Modification](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_6) | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Misstatement of Age or Sex](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_6) | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Assignment](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_6) | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Incontestability](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_6) | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Nonparticipating](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_6) | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Proof of Age and Survival](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_6) | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Reservation of Rights](#xx_61775662-c03a-40b7-aac2-a160c1ec4b66_6) | 69 |
| [TAX PROVISIONS](#xx_0258eae4-300c-4bc5-8490-7cc77ec325bf_1) | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [U.S. Federal Income Tax Provisions](#xx_0258eae4-300c-4bc5-8490-7cc77ec325bf_1) | 71 |
| [ADMINISTRATION OF THE CONTRACT](#xx_0258eae4-300c-4bc5-8490-7cc77ec325bf_9) | 79 |
| [DISTRIBUTION OF THE CONTRACT](#xx_0258eae4-300c-4bc5-8490-7cc77ec325bf_9) | 79 |
| [AVAILABLE INFORMATION](#xx_0258eae4-300c-4bc5-8490-7cc77ec325bf_10) | 80 |
| [STATE REGULATION](#xx_0258eae4-300c-4bc5-8490-7cc77ec325bf_10) | 80 |

---

------

---

| | |
|:---|:---|
| [FINANCIAL STATEMENTS](#xx_0258eae4-300c-4bc5-8490-7cc77ec325bf_11) | 81 |
| [LEGAL PROCEEDINGS](#xx_0258eae4-300c-4bc5-8490-7cc77ec325bf_11) | 81 |
| [APPENDIX A - INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT](#xx_b0fad725-a9a3-4425-a412-a38bfb233d61_1) | 82 |
| [APPENDIX B - LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS](#xx_83d113d5-7ac6-4b18-87bd-f11965632b4a_1) | 86 |
| [APPENDIX C - STATE LAW VARIATIONS](#xx_d0f84f35-a6f6-4c38-a557-3a45dfd8585d_1) | 88 |
| [APPENDIX D - EXAMPLES OF WITHDRAWALS, SURRENDERS, AND WITHDRAWAL CHARGES](#xx_10a19e7e-33a8-4445-a0eb-27563b6e065e_1) | 89 |
| [APPENDIX E - EXAMPLES OF CALCULATION OF FREE WITHDRAWAL AMOUNT](#xx_2d853361-1487-4787-b97f-0352e211ab41_1) | 91 |

---

------

**SPECIAL TERMS**

The following terms as used in this Prospectus have the indicated meanings:

**ACCUMULATION PHASE:** The period before the Annuity Income Date while the Contract is in force.

**ANNUAL WITHDRAWAL AMOUNT ("AWA"):** Under the GLWB, the maximum amount that you may withdraw in a Contract Year without reducing the Withdrawal Benefit Base.

**ANNUITANT:** The natural person or persons with the right to receive annuity payments on or after the Annuity Income Date and on whose life or lives annuity payments involving life contingencies are based.

**ANNUITY INCOME DATE:** The date the annuity payments begin.

**ANNUITY PAYMENT OPTION:** A payment option as described under "Fixed Annuity Payment Options" or subsequently made available by the Company.

**APPLICATION:** The document signed by you or other evidence acceptable to us that serves as your application for purchase of a Contract.

**ASSET CHARGE:** Also known as the mortality and expense risk charge, assessed in computing the Net Investment Factor.

**BASIC (STANDARD) DEATH BENEFIT:** The standard death benefit that pays your Contract Value calculated as of the Death Benefit Date to the Beneficiary.

**BENEFICIARY:** The person or entity having the right to receive the death benefit.

**BONUS AMOUNT:** An amount that may be added to the Withdrawal Benefit Base as a bonus at the end of each Contract Year and on the Income Start Date.

**BONUS BASE:** The amount used to calculate any Bonus Amounts during the Bonus Period.

**BONUS PERIOD:** A 10-year time period before the Income Start Date, measured from the Issue Date or the last Step-Up Date, over which the Withdrawal Benefit Base can accumulate Bonus Amounts. The Bonus Period terminates automatically on the Income Start Date.

**BONUS RATE:** A percentage rate multiplied by the Bonus Base on each Contract Anniversary (and on the Income Start Date if not a Contract Anniversary) during the Bonus Period to determine any Bonus Amounts.

**BUSINESS DAY:** Any day the New York Stock Exchange ("NYSE") is open for trading and that is a day on which we process financial transactions and requests.

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

**COMPANY ("we," "us," "our," "DELAWARE LIFE"):** Delaware Life Insurance Company, which is subject to state supervision. It is the depositor of the Variable Account in which the Contract participates.

**CONTRACT:** The flexible payment deferred variable annuity contract described in this Prospectus.

**CONTRACT ANNIVERSARY:** The same date in each succeeding year that corresponds to the Issue Date. If your Contract is issued on February 29th, your Contract Anniversary will be March 1st of each subsequent year.

**CONTRACT QUARTER:** A three-month period with the first Contract Quarter beginning on the Issue Date.

------

**CONTRACT VALUE:** The sum of Variable Accumulation Value, if any, plus the Fixed Accumulation Value, if any, for that Valuation Period.

**CONTRACT YEAR:** A period of 365 days (366 days if a leap year) first measured from the Issue Date.

**DEATH BENEFIT DATE:** The date on which the Company receives Due Proof of Death. If there are multiple Beneficiaries, the Death Benefit Date will be the first date on which we receive Due Proof of Death from at least one Beneficiary.

**DESIGNATED FUNDS:** A subset of the available Funds in the Subaccounts that we make available for use with the GLWB, the HAV Death Benefit, and the ROP Death Benefit riders.

**DOLLAR-COST AVERAGING (or "DCA") Program:** You may elect to participate in the DCA Program, at no extra charge, by allocating a Purchase Payment to the Fixed Account prior to your Annuity Income Date. The 6 and 12-month DCA Program automatically transfers a fractional amount of your Purchase Payment, plus accrued interest, from the Fixed Account to your selected Subaccounts each month.

**DUE PROOF OF DEATH:** An original or an originally certified copy of an official death certificate, or an original certified copy of a decree of a court of competent jurisdiction as to the finding of death, and, in respect of each Beneficiary, our claim form, properly completed, and any other information or documents required to make a death benefit payment.

**EARLY WITHDRAWAL:** Under the GLWB, any withdrawal taken prior to the Income Start Date.

**EXCESS WITHDRAWAL:** Under the GLWB, in any Contract Year after the Income Start Date, an Excess Withdrawal is the portion of cumulative withdrawals that exceeds the higher of the AWA and the RMD Amount.

**FIXED ACCOUNT:** A part of the Company's general account, consisting of all the Company's assets other than those allocated to the Company's separate accounts.

**FIXED ACCUMULATION VALUE:** The sum of the values of all Guarantee Amounts credited to your Contract and the amounts in the DCA program for a Valuation Period.

**FIXED ANNUITY:** An annuity with payments which do not vary as to dollar amount, and the only Annuity Payment Option offered by us for annuitizations.

**FIXED OPTION:** An Investment Option that is part of the Fixed Account. Guarantee Periods and Dollar-Cost Averaging (or "DCA") Program options are Fixed Options. Amounts allocated a Fixed Option will earn interest at a rate specified by the Company, subject to a minimum guaranteed rate under the Contract.

**FUND:** An open-end management investment company, registered under the Investment Company Act of 1940, in which the Subaccount invests.

**GLWB:** An optional living benefit rider that you may be eligible to elect on or before the Issue Date of your Contract, which guarantees that the Owner may withdraw and receive an annual amount each Contract Year.

**GLWB COVERED PERSON (JOINT GLWB COVERED PERSON):** The natural person whose age is used to determine the Lifetime Withdrawal Percentage for purposes of calculating the AWA on the Income Start Date and on any subsequent Step-Up Date.

**GLWB FEE:** A fee calculated by multiplying the GLWB Fee Rate by the Withdrawal Benefit Base and deducted from your Contract Value on the last Valuation Period of each Contract Quarter.

**GLWB FEE RATE:** The annual percentage rate used to calculate the quarterly GLWB Fee.

------

**GLWB PURCHASE PAYMENT PERIOD:** The period during which additional Purchase Payments may be accepted. The GLWB Purchase Payment Period begins on the Issue Date and is currently the first three Contract Years.

**GOOD ORDER:** A Complete instruction received by the Company, including legally and Company required information.

**GUARANTEE AMOUNT:** Any portion of the Fixed Accumulation Value allocated to a Guarantee Period with a particular Renewal Date (including interest earned thereon).

**GUARANTEE PERIOD:** The period for which a Guaranteed Interest Rate is credited. Each year in a Guarantee Period is 365 days (366 days if a leap year), first measured from the date of the allocation to the Guarantee Period. When available, the Company may offer different durations of Guarantee Periods. A Guarantee Period is also known as a Fixed Option in the Prospectus.

**GUARANTEED INTEREST RATE:** The rate of interest we credit during any Guarantee Period. Our minimum Guaranteed Interest Rate will always be equal to the greater of the required minimum nonforfeiture rate and 1%.

**HAV COVERED PERSON:** The oldest Owner, or the oldest Annuitant if the Owner is not a natural person, on the Issue Date for the HAV Death Benefit except as provided under spousal continuation.

**HAV DEATH BENEFIT:** An optional death benefit that you may be eligible to elect on or before the Issue Date of your Contract.

**HAV VALUE:** The higher of (1) the total Purchase Payments, adjusted for any partial withdrawals, and (2) the highest Contract Value on any Contract Anniversary before the HAV Covered Person's 81st birthday, adjusted for any Purchase Payments and any partial withdrawals made between such Contract Anniversary and the Death Benefit Date under the HAV Death Benefit rider.

**INCOME PHASE (annuity payout):** The annuity payout period that begins on the Annuity Income Date and during which annuity payments are made.

**INCOME START DATE:** Under the GLWB, the date we receive your election to activate your right to withdraw the AWA.

**INVESTMENT OPTION:** A division of the Variable Account which invests in shares of a Fund. An Investment Option is also known as a Subaccount in the Prospectus.

**ISSUE DATE:** The effective date of your Contract when we apply your initial Purchase Payment and issue your Contract.

**LIFETIME WITHDRAWAL PERCENTAGE:** A percentage, based on the GLWB Covered Person's age on the Income Start Date and on any subsequent Step-Up Date, that is applied to the Withdrawal Benefit Base to determine the AWA.

**MAXIMUM ANNUITY INCOME DATE:** The first day of the month following the Contract Anniversary subsequent to the youngest Annuitant's 100th birthday, unless otherwise restricted, in the case of a Qualified Contract, by the particular retirement plan or by applicable law.

**MIN-MAX PERCENTAGES:** The minimum and maximum aggregate allocation percentage requirements for the Designated Fund categories, if the GLWB, HAV Death Benefit, or ROP Death Benefit is elected.

**NET INVESTMENT FACTOR:** A formula applied by the Company to reflect the investment performance of a Subaccount from one Valuation Period to the next and through which the Asset Charge is assessed. The Net Investment Factor may be greater than, less than, or equal to one.

------

**NON-QUALIFIED CONTRACT:** A Contract that does not receive favorable federal income tax treatment under Sections 401, 403, 408, 408A, or 457 of the Code.

**OPEN DATE:** The Business Day your Application is received in Good Order by the Company.

**OWNER:** The person(s) or entity entitled to the ownership rights in the Contract. Joint Owners must be spouses recognized as such under federal tax laws.

**PAYEE:** A recipient of payments under a Contract. The term includes (1) an Annuitant or (2) a Beneficiary who becomes entitled to benefits upon the death of the Owner, or upon the death of the Annuitant on or after the Annuity Income Date.

**PURCHASE PAYMENT:** An amount paid to the Company as consideration for the benefits provided by the Contract.

**QUALIFIED CONTRACT:** A Contract used in connection with a retirement plan which may receive favorable federal income tax treatment under Sections 401, 403, 408, 408A, or 457 of the Code.

**RECEIVE (receipt, receives, received by the Company):** Occurs when received by the Company in Good Order at our Service Address, or at such other location and by any means we identify as acceptable to us.

**RENEWAL DATE:** The last day of a Guarantee Period.

**RMD AMOUNT:** The required minimum distribution amount, if any, that must be distributed with respect to the Contract Value of a Qualified Contract for the current calendar year.

**ROP COVERED PERSON:** Under the ROP Death Benefit, the Owner, Joint Owner, or the Annuitant if the Owner is not a natural person, on the Issue Date for the ROP Death Benefit except as provided under spousal continuation.

**ROP DEATH BENEFIT:** An optional death benefit that provides a death benefit equal to the higher of the Contract Value and the ROP Value.

**ROP VALUE:** Total Purchase Payments adjusted for any partial withdrawals under the ROP Death Benefit rider.

**SERVICE ADDRESS:** By mail, Delaware Life Insurance Company, P.O. Box 758581, Topeka, KS 66675-8581; by express mail, Delaware Life Insurance Company, Mail Zone 581, 5801 SW 6th Avenue, Topeka, KS 66636; and by facsimile at (785)286-6118, or such other address specified by written notice, to which all correspondence concerning your Contract should be sent.

**STEP-UP:** Under the GLWB, an increase that the Company applies to the Withdrawal Benefit Base.

**STEP-UP DATE:** Under the GLWB, the date when the Withdrawal Benefit Base is increased by a Step-Up.

**SUBACCOUNT:** A division of the Variable Account which invests in shares of a Fund. A Subaccount is also known as an Investment Option in the Prospectus.

**SURRENDER VALUE:** The amount payable on full withdrawal of your Contract. It is the Contract Value less any applicable Annual Contract Fee, any Withdrawal Charge, and any applicable GLWB, HAV Death Benefit, and ROP Death Benefit rider charges.

**VALUATION PERIOD:** The period of time beginning at the close of regular trading on the NYSE each Business Day and ending at the close of such trading on the next Business Day.

------

**VARIABLE ACCOUNT:** Delaware Life Variable Account F, which is a separate account of the Company registered under the Investment Company Act of 1940 and consisting of assets set aside by the Company, the investment performance of which is kept separate from that of the general assets of the Company and which is not chargeable with liabilities arising out of any other business of the Company.

**VARIABLE ACCUMULATION UNIT:** A unit of measure, for each Subaccount of the Variable Account. It is used to calculate the Contract Value allocated to each Subaccount of the Variable Account during the Accumulation Phase.

**VARIABLE ACCUMULATION VALUE:** The sum of the values of all the Variable Accumulation Units in the Subaccounts supporting your Contract for a Valuation Period.

**VARIABLE OPTION:** An Investment Option that is a Subaccount of the Variable Account. The value of amounts allocated to a Variable Option will vary according to the investment experience of a Fund.

**WITHDRAWAL BENEFIT BASE:** Under the GLWB, the amount used to calculate the AWA and the GLWB Fee.

**WITHDRAWAL CHARGE:** The charge which will be applied in the event that you make a partial withdrawal or surrender your Contract during the period when the Withdrawal Charge applies.

**YOU and YOUR:** The terms "you" and "your" refer to the "Owner," as that term is used in this Prospectus.

------

**OVERVIEW OF THE CONTRACT** 

The Delaware Life Masters Prime Variable Annuity<sup>®</sup> Contract provides a number of important benefits for your retirement planning and other long term purposes. The benefits of tax deferral, long-term income, and living benefit guarantees mean the Contract is generally more beneficial to investors with a long-term horizon. The Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The Contract provides tax-deferral so that you do not pay taxes on your earnings until you withdraw them. When purchased in connection with a tax-qualified plan, the Contract provides no additional tax-deferral benefits because tax-qualified plans confer their own tax-deferral.

The Contract has two phases: (1) an Accumulation Phase (for savings) and (2) an Income Phase (for income). During the Accumulation Phase, you may make Purchase Payments under the Contract and allocate them to one or more of the Investment Options. During the Income Phase, we make annuity payments to you, to supplement your retirement income.

The Contract also provides a basic death benefit if you die during the Accumulation Phase. You may enhance the basic death benefit by electing one of the optional death benefits. The Contract also provides optional living benefits so that you can take guaranteed withdrawals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Accumulation Phase.** During the Accumulation Phase, you may generally make Purchase Payments under the Contract and allocate them to one or more of the Investment Options, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Fund options (also referred to as Variable Options or Subaccounts), which have different underlying mutual funds with different investment objectives, strategies, and risks. When you choose to invest in the Variable Options, you assume investment risk.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Fixed Options, if available, which guarantee principal and interest for Guarantee Periods of one or more years. We are currently offering only one-year Guarantee Periods. The Dollar-Cost Averaging (or "DCA") Program is also a Fixed Option. We are currently offering 6-month and 12-month DCA Program options.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Additional information about each Fund and the Fixed Options is provided in an appendix to this prospectus. See "*APPENDIX A: INVESTMENT FUNDS AVAILABLE UNDER THE CONTRACT."*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Income Phase.** During the Income Phase, we make annuity payments to you, or someone else designated by you, based on the amount of assets annuitized. The dollar amount of the annuity payments are fixed (we do not offer variable payment options). We make the payments for life or for another period that you choose. Subject to the Maximum Annuity Income Date, you choose when to begin your annuity payments. Once the Income Phase begins, you cannot change your payment option. During the Income Phase, you will be unable to take withdrawals of Contract Value. The death benefit from the Accumulation Phase terminates at annuitization, and no amounts will be payable upon death unless the payment option that you selected provides otherwise. Optional living benefits under the Contract generally terminate upon annuitization.

**Contract Features** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Access to Your Money.** You can withdraw money from your Contract or surrender your Contract during the Accumulation Phase. If you take a withdrawal or surrender, you may be subject to a Withdrawal Charge and income taxes, including a 10% additional tax if you are younger than age 59 <sup>1</sup>∕2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Tax Deferral.** The Contract has tax deferral, so your earnings under the Contract are generally not subject to tax unless you take a withdrawal, we make an annuity payment to you, or the death benefit is paid. If you purchase your Contract through a tax-qualified plan or individual retirement account (IRA), your purchase should be made for reasons other than tax-deferral. Tax-qualified plans and IRAs already provide tax-deferral without the need to purchase an annuity contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Optional Living Benefits.** The Contract has a living benefit that provides guaranteed lifetime income:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● A guaranteed lifetime withdrawal benefit which provides for annual lifetime withdrawal payments on a single life or joint life basis;

------

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You will pay an additional ongoing charge. You may elect the optional living benefit, and your election must be made on or before the Issue Date of your Contract. You will be subject to investment restrictions if you elect an optional living benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you elect an optional living benefit rider, your Purchase Payments and Contract Value allocations are strictly limited to Designated Funds and must be in compliance with the minimum and maximum aggregate allocation percentage requirements. **Additional information about each Designated Fund is provided in an appendix to this prospectus. See *APPENDIX B: LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Base and Optional Death Benefit.** If you die during the Accumulation Phase, the Beneficiary of your Contract will receive the Contract's death benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Contract includes at no additional cost a standard death benefit equal to Contract Value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you elect one of the Contract's optional death benefits for an additional ongoing charge (the Highest Anniversary Value Death Benefit or the Return of Premium Death Benefit), a greater amount may be payable upon death. You may elect only one optional death benefit, and your election must be made on or before the Issue Date of your Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you elect an optional death benefit rider, your Purchase Payments and Contract Value allocations are strictly limited to Designated Funds and must be in compliance with the minimum and maximum aggregate allocation percentage requirements. **Additional information about each Designated Funds is provided in an appendix to this prospectus. See *APPENDIX B: LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Additional Features and Services.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Automatic Transfer and Withdrawal Programs.** At no additional charge, we offer two automatic transfer programs (Dollar Cost Averaging Program, Portfolio Rebalancing Program) and automatic withdrawal programs (Systematic Withdrawal Program).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Withdrawal Charge Waivers.** At no additional charge, the Contract includes multiple Withdrawal Charge waivers, including an annual Free Withdrawal Amount (applicable to partial withdrawals but not a full surrender), a Nursing Home Withdrawal Charge Waiver, and a Terminal Illness Withdrawal Charge Waiver. The Withdrawal Charge waivers are subject to conditions and limitations. Withdrawals under these waivers may still be subject to taxes and tax penalties and may reduce Contract benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **E-Delivery.** We offer an optional electronic delivery service for delivery of prospectuses, transaction confirmations, reports, and certain other communications in electronic format instead of receiving paper copies.

**IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT** 

---

| | | |
|:---|:---|:---|
|  | **FEES AND EXPENSES** | &nbsp;&nbsp; **Location In The**<br> **Prospectus**<br>|
| **Are There** <br> **Charges for** <br> **Early** <br> **Withdrawals?**<br>| &nbsp;&nbsp; **Yes.** If you withdraw money from your Contract within 7 years following <br> your last Purchase Payment, you will be assessed a Withdrawal Charge of <br> up to 8.0% (as a percentage of Purchase Payments withdrawn), declining to <br> 0% over that time period. For example, if you make a withdrawal, you could <br> pay a Withdrawal Charge of up to $8,000 on a $100,000 investment. This <br> loss will be greater if there are taxes or tax penalties. | &nbsp;&nbsp; **Fee Table -**<br> **Transaction**<br> **Expenses**<br> **Withdrawals,**<br> **Surrenders, and**<br> **Withdrawal**<br> **Charges**<br>|

---

------

**FEES AND EXPENSES (CONT.)** **Location In The** **Prospectus** 

------

**RISKS** **Location In The** **Prospectus** 

**RESTRICTIONS** **Location In The** **Prospectus** 

------

**RESTRICTIONS (CONT.)** **Location In The** **Prospectus** 

**TAXES** **Location In The** **Prospectus** 

**CONFLICTS OF INTEREST** **Location In The** **Prospectus** 

**FEE TABLE** 

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

------

**The first table describes the fees and expenses that you will pay at the time that you buy the Contract, surrender or make withdrawals from the Contract, or transfer Contract Value between investment options. State premium taxes may also be deducted.**

**Transaction Expenses** 

---

| | | |
|:---|:---|:---|
| **Sales Load Imposed on Purchases** (as a percentage of Purchase Payments) | **Sales Load Imposed on Purchases** (as a percentage of Purchase Payments) |  |
| **Deferred Sales Load (or Withdrawal Charge)**<br> (as a percentage of Purchase Payments withdrawn) | **Deferred Sales Load (or Withdrawal Charge)**<br> (as a percentage of Purchase Payments withdrawn) | 8%<sup>1</sup> <br>|
| Withdrawal Charge Schedule | Withdrawal Charge Schedule |  |
| **Number of Completed Years**<br> **Since the Purchase Payment Has Been**<br> **<u>in Your Contract</u>**<br>| &nbsp;&nbsp; **Withdrawal**<br> **<u>Charge</u>**<br>|  |
| 0 | 8% |  |
| 1 | 7% |  |
| 2 | 6% |  |
| 3 | 6% |  |
| 4 | 5% |  |
| 5 | 4% |  |
| 6 | 3% |  |
| 7 or more | 0% |  |
| **Exchange Fee** (per transfer after 12<sup>th</sup> transfer in a Contract Year) | **Exchange Fee** (per transfer after 12<sup>th</sup> transfer in a Contract Year) | &nbsp;&nbsp; $25<br> (Currently $0)<br>|

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<sup>1.</sup>

A portion of your Contract Value may be withdrawn each year without imposition of any Withdrawal Charge. (See "*WITHDRAWALS, SURRENDERS, AND WITHDRAWAL CHARGES – Free Withdrawal Amount*." After a Purchase Payment has been in your Contract for seven complete years, that Purchase Payment may be withdrawn free of any Withdrawal Charge. We reserve the right to charge a fee for transfers to and from Guarantee Periods into or out of other Guarantee Periods within a thirty-day period.

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

**Annual Contract Expenses** 

---

| | | |
|:---|:---|:---|
| **Administrative Expenses**<sup>1</sup> | **Administrative Expenses**<sup>1</sup> | $30 |
| **Base Contract Expenses**<sup>2</sup> (as a percentage of average Variable Accumulation Value) | **Base Contract Expenses**<sup>2</sup> (as a percentage of average Variable Accumulation Value) | 1.20% |
| **Optional Benefit Expenses** | **Maximum Charge** | **Current Charge** |
| *Optional Death Benefits* | *Optional Death Benefits* | *Optional Death Benefits* |
| Highest Anniversary Value (HAV) Death Benefit<br> (as a percentage of the HAV Value<sup>3</sup>)<br>| 2.00% annually | 0.40% annually |
| Return of Premium (ROP) Death Benefit<br> (as a percentage of the ROP Value<sup>3</sup>)<br>| 2.00% annually | 0.20% annually |
| *Optional Living Benefits* | *Optional Living Benefits* | *Optional Living Benefits* |
| *Guaranteed Lifetime Withdrawal Benefits* | *Guaranteed Lifetime Withdrawal Benefits* | *Guaranteed Lifetime Withdrawal Benefits* |
| GLWB (as a percentage of the Withdrawal Benefit Base<sup>3</sup>) | 1.95% annually | 1.50% annually |

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------

<sup>1.</sup>

Referred to as the "Annual Contract Fee" elsewhere in this prospectus. If you surrender your Contract on a date other than a Contract Anniversary, we will deduct a proportionate amount of the Annual Contract Fee to reflect the time elapsed between the last Contract Anniversary and the date of the surrender. We will not deduct the Annual Contract Fee if your Contract Value is $100,000 or more on your Contract Anniversary or on the date you surrender your Contract. (See "*CONTRACT CHARGES - Annual Contract Fee*.")

<sup>2.</sup>

Referred to as the "Asset Charge" elsewhere in this prospectus. (See "*CONTRACT CHARGES - Asset Charges*.")

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

<sup>3.</sup>

The HAV Value, ROP Value, or Withdrawal Benefit Base, as applicable, is initially equal to your initial Purchase Payment in the Subaccounts and is thereafter subject to possible positive and negative adjustments. (See "*DEATH BENEFIT" and "OPTIONAL LIVING BENEFITS*.")

**The next item 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. A complete list of Funds available under the Contract, including their annual expenses, may be found at the back of this document in APPENDIX A – INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT.** 

**Annual Fund Expenses** 

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| | | |
|:---|:---|:---|
|  | **Minimum** | **Maximum** |
| (expenses that are deducted from Fund assets, including management fees,<br> and/or service (12b-1) fees, and other expenses)<br>| 0.71% | 3.48% |

---

**EXAMPLE** 

**This Example is intended to help you compare the cost of investing in the Contract with the cost of investing in other variable annuity contracts. These costs include transaction expenses, annual Contract expenses, and annual Fund expenses.** 

**The Example assumes that you invest $100,000 in the Contract 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. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:**

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

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

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| | | | |
|:---|:---|:---|:---|
| **1 year** | **3 years** | **5 years** | **10 years** |
| $16281 | $30319 | $45875 | $82611 |

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

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

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| | | | |
|:---|:---|:---|:---|
| **1 year** | **3 years** | **5 years** | **10 years** |
| $8574 | $25558 | $42281 | $82611 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) If you do not surrender your Contract at the end of the applicable time period:

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

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| | | | |
|:---|:---|:---|:---|
| **1 year** | **3 years** | **5 years** | **10 years** |
| $8574 | $25558 | $42281 | $82611 |

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**PRINCIPAL RISKS OF INVESTING IN THE CONTRACT** 

**Risk of Loss** 

You can lose money by investing in the Contract, including loss of principal. The Contracts are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency.

**Short-Term Investment Risk** 

The Contract is not designed for short-term investing or for an investor who needs ready access to cash. The Contract is designed for an investor with a longer time horizon for investment. The benefits of tax deferral, long-term income, and living benefit protections mean that this Contract is more beneficial to investors with a long-term investment horizon.

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**Fund Options Risk** 

Amounts that you invest in the Fund options (*i.e.*, the Subaccounts or Variable Options) are subject to the risk of poor investment performance. You assume all of the investment risk. Generally, if the Subaccounts you select make money, your Contract Value goes up, and if they lose money, your Contract Value goes down. Each Subaccount'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 Subaccount. The Company does not guarantee the performance of the Subaccounts or the underlying Funds.

**Withdrawal Risk** 

You should carefully consider the risks associated with withdrawals under the Contract (including a full surrender). Withdrawals may be subject to significant Withdrawal Charges. Withdrawals are generally subject to ordinary income taxation and if you take a withdrawal prior to age 59 <sup>1</sup>∕2, you may also be subject to a 10% additional tax. A full surrender will terminate the Contract and all of its benefits. You should consider the impact that a partial withdrawal may have on the standard and optional benefits under your Contract. Partial withdrawals will reduce the value of the death benefit. In addition, a partial withdrawal 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. If you take systematic withdrawals under your Contract, you may be repeatedly exposed to the risks associated with partial withdrawals. If you have amounts invested in the Fixed Account and need ready access to cash, we may defer payment of any amounts withdrawn from the Fixed Account for up to six months. You cannot make withdrawals from the Contract after it is annuitized.

**Investment Restrictions Risk** 

If you elect an optional living benefit and/or optional death benefit, you will be subject to investment restrictions. Your optional benefit may be terminated if you fail to satisfy the applicable investment restrictions. The Funds to which you may be limited are referred to as "Designated Funds." We limit the number and type of available Designated Funds and impose minimum and maximum allocation requirements for each Designated Fund category in our sole discretion to reduce our risk exposure in providing the guarantees associated with the optional benefit riders. These limits may reduce the return on your investment. We impose investment restrictions because they reduce the risk of investment losses during down market periods that may require us to use our own assets to make guaranteed payments under the Contract's optional benefits. At the same time, the investment strategy of the Designated Funds during an upside market period could limit market gains in your Contract. The investment objective and policies of the Designated Funds may conflict with your investment objectives by reducing the potential growth of your Contract Value and, in turn, the value of any guaranteed benefit that is tied to investment performance. You should consult with your financial professional to determine whether you have a need for these optional benefits and whether the Designated Funds are appropriate investments for you.

**Purchase Payment Restriction Risk** 

There is no guarantee that you will always be permitted to make Purchase Payments. We limit the amount of Purchase Payments that you make to the Contract and other contracts issued by the Company with the same or related Owners and Annuitants on a nondiscriminatory basis. We will not accept a Purchase Payment after any Owner or Annuitant attains age 93. If you elect the GLWB, we will not accept a Purchase Payment that would cause the total Purchase Payments to exceed $1.5 million. In addition, Purchase Payments cannot be made after the third Contract Anniversary. The maximum Withdrawal Benefit Base is $5 million. Our restrictions related to Purchase Payments may affect the value of your Contract. If you are not permitted to make additional Purchase Payments, you will lose the ability to increase the value of your Contract and its benefits through Purchase Payments.

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**Transfer Risk** 

If you elect an optional benefit rider, you may not participate in the DCA Program or transfer any Contract Value to the Guarantee Period. These actions will terminate the optional benefit rider, without any value. There are transfer restrictions applicable to the Investment Options that may limit your ability to readily transfer your Contract Value among Investment Options or from Investment Options to Fixed Options, if available, in response to changing market conditions or changes in your personal circumstances.

**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 choose 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 not be available now or in the future. 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 be more than offset by the amount you paid for the benefit.

**Fixed Account Interest Rate Risk** 

We guarantee that we will credit interest to amounts you allocate to the Fixed Account. Subject to any minimum guaranteed interest rates, we determine interest rates in our sole discretion. You assume the risk that the interest rate will not exceed the minimum guaranteed interest rate.

**Financial Strength and Claims-Paying Ability Risk** 

Our guarantees and obligations under the Contract, including any death benefit, optional living benefit, amounts held in the Fixed Account, interest credited on amounts held in the Fixed Account, and income payments are subject to our financial strength and long-term claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you.

**Business Disruption and Cyber Security Risks**

Our variable product business is highly dependent upon the effective operation of our computer systems and those of our service providers and other business partners. As such, our business is vulnerable to systems failures, cyber security incidents, and operational disruptions, any of which could have a material, negative impact on the Company and the Variable Account, as well as on you and your Contract.

Financial services companies and their service providers are increasingly targets of cyber-attacks. Cyber-attacks may be systemic (e.g., affecting infrastructure generally) or targeted (e.g., affecting our systems specifically). While we have established controls to help identify threats and protect our systems, our systems have in the past been, and will likely in the future be, subject to cyber-attacks or other cyber security incidents. There is no guarantee that we will always be successful in protecting our systems against future attacks or incidents.

The operational and information security risks to which we are exposed include (but are not limited to) utility outages; the loss, theft, misuse, corruption, destruction, or malicious encryption of data; interference with or denial of service; attacks on systems and websites; hardware and software malfunctions; physical break-ins; fraud; and unauthorized access or release of confidential customer information. Cyber security incidents may impede our ability to process Contract transactions, calculate Variable Accumulation Unit values, or otherwise administer the Contract. They could also subject us to regulatory fines, litigation, or financial losses and/or cause reputational damage. Cyber security incidents could impact the Funds or the issuers of securities in which the Funds invest, which may cause the Funds to lose value.

We are also exposed to risks related to natural and man-made disasters and other severe events, such as (but not limited to) storms, fires, floods, earthquakes, public health crises, malicious acts, terrorist acts, and military actions, any of which could adversely affect our ability to conduct business operations. We maintain business continuity plans, but we cannot assure you that severe events will not impair our ability to administer the Contract. Severe events may impact our ability

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to calculate Variable Accumulation Unit values or process Contract transactions, and could have other possible negative impacts. They may also impact our service providers, financial intermediaries, the Funds, or the issuers of securities in which the Funds invest, which may cause the Funds to lose value. There can be no assurance that we, our service providers and intermediaries, or the Funds will be able to avoid negative impacts associated with natural and man-made disasters or other severe events.

**DELAWARE LIFE INSURANCE COMPANY**

Delaware Life Insurance Company is obligated to pay all amounts promised to investors under the Contracts, subject to its financial strength and claims-paying ability. We are a stock life insurance company incorporated under the laws of Delaware on January 12, 1970. We are licensed to do business in all states (except New York), the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our main administrative office address is 10555 Group 1001 Way, Zionsville, IN 46077.

The direct parent company of Delaware Life Insurance Company is DLIC Sub-Holdings, LLC, a Delaware limited liability company formed on August 31, 2020. DLIC Sub-Holdings, LLC is ultimately controlled by Mark R. Walter.

**THE VARIABLE ACCOUNT** 

We established the Variable Account as a separate account on July 13, 1989, pursuant to a resolution of our Board of Directors. The Variable Account funds the Contract and various other variable annuity contracts that we offer. These other products may have features, benefits and charges that are different from those under the Contract.

Under Delaware insurance law and the Contract, the income, gains or losses of the Variable Account, whether or not realized, are credited to or charged against the assets of the Variable Account without regard to the other income, gains, or losses of the Company. These assets are held in relation to the Contracts and other variable annuity contracts that provide benefits that vary in accordance with the investment performance of the Variable Account. The assets maintained in the Variable Account will not be charged with any liabilities arising out of any other business we conduct.

The assets of the Variable Account are divided into Subaccounts. Each Subaccount invests exclusively in shares of a specific Fund. All amounts allocated by you to a Subaccount will be used to purchase Fund shares at their net asset value. All distributions made by the Funds with respect to the shares held by the Variable Account will be reinvested to purchase additional Fund shares at their net asset value. Deductions from the Variable Account for withdrawals, annuity payments, death benefits, Contract fees, fees for any optional living benefit or death benefits, and any applicable taxes will, in effect, be made by redeeming the number of Fund shares at their net asset value equal in total value to the amount to be deducted. The Variable Account will be fully invested in Fund shares at all times.

Contract Value allocated to a Subaccount will vary based on the investment performance of the corresponding Fund in which the Subaccount invests. There is the risk of loss of your entire investment in the Variable Account.

**VARIABLE OPTIONS: THE FUNDS** 

The Contract offers Subaccounts, also known as Variable Options, each of which invests in a single Fund. Each Fund is a mutual fund registered under the 1940 Act, or a separate series or portfolio thereof. Contract Value allocated to a Subaccount will vary based on the investment performance of the corresponding Fund in which the Subaccount invests. There is risk of loss of your entire investment in the Variable Account.

The availability of certain Funds may vary depending on the broker-dealer or other financial intermediary through which the Contract was purchased.

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**Information regarding each Fund, including its (i) name, (ii) type (*e.g.*, money market fund, bond fund, balanced fund, etc.) or a brief statement concerning its investment objectives, (iii) 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. You should read the prospectuses for the Funds carefully before investing. The Fund prospectuses and other information can be found at https://dfinview.com/delawarelife/TAHD/246115166?site=Annuity. You can also request this information at no cost at https://dfinreports.com/DelawareLife, by calling (800) 477-6545 or by sending an email request to customer.relations@delawarelife.com.** 

The Funds may also be available to registered separate accounts offering variable annuity and variable life insurance products of other affiliated and unaffiliated insurance companies, as well as to the Variable Account and other separate accounts of the Company. Although we do not anticipate any disadvantages to this, there is a possibility that a material conflict may arise between the interests of the Variable Account and one or more of the other separate accounts participating in the Funds. A conflict of interest may occur due to a change in law affecting the operations of variable life insurance and variable annuity separate accounts, differences in the voting instructions of the Owners and those of other companies, or some other reason. In the event of a conflict of interest, we will take any steps necessary to protect Owners, including (1) withdrawal of the Variable Account from participation in the Funds which are involved in the conflict or (2) substitution of shares of other Funds.

As described in more detail in the Fund prospectuses, certain Funds may employ managed volatility or hedging strategies intended to reduce overall volatility and provide for downside protection during downward movements in equity markets. These hedging strategies could limit the Fund's upside participation in rising equity markets relative to other Funds with substantially similar investment objectives and policies that do not use such strategies. Investing in such Funds may, however, be helpful in a declining market, because the hedging strategy will reduce your equity exposure under such circumstances, and your Contract Value may decline less than would have been the case if you had not invested in Funds with a managed volatility or hedging strategy. In addition, the cost of these strategies may have a negative impact on performance. There is no guarantee that a Fund employing a managed volatility or hedging strategy can achieve or maintain the Fund's optimal risk targets, and the Fund may not perform as expected. You should consult with your registered representative to determine which combination of investment choices is appropriate for you.

Certain publicly available mutual funds may have similar investment goals and principal investment policies and risks as one or more of the Funds, and may be managed by a Fund's portfolio manager(s). While a Fund may have many similarities to these other funds, its investment performance will differ from their investment performance. This is due to several differences between a Fund and these similar products, including differences in sales charges, expense ratios, and cash flows.

**Voting of Fund Shares** 

To the extent required by law, we will vote all shares held in the Variable Account in accordance with instructions we receive from persons with voting interests in the Funds. During the Accumulation Phase, you will have the right to give voting instructions.

Before a vote of the shareholders of a Fund occurs, each person with voting interests in the Fund will receive voting materials from us or the Funds. We will ask those persons to instruct us on how to vote and to return their respective voting instructions to us in a timely manner. You are permitted to cast votes based on the dollar value of the shares of each Fund that we hold for your Contract in the corresponding Subaccount. We calculate this value based on the number of Variable Accumulation Units allocated to your Contract as of the date set by the Fund and the value of each Variable Accumulation Unit on that date. We count fractional votes.

We will vote any shares owned by us and Fund shares for which no timely voting instructions are received in the same proportion as the shares for which we receive instructions from person(s) with voting interests in the Fund. Because of

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this method of proportional voting, a small number of persons with voting interests in the Fund may determine the outcome of a shareholder vote. If, however, we determine that we are permitted to vote the Fund shares in our own right, then we may do so.

**Payments We Receive** 

The Funds' investment advisers, transfer agents, underwriters and/or affiliates ("Fund Groups") compensate us for providing administrative and recordkeeping services that they would normally be required to provide for individual shareholders or cost savings experienced by the Fund Groups. Such compensation is typically a percentage of Variable Account assets invested in a relevant Fund and generally may range up to 0.50% of net assets. In like manner, some Funds pay Rule 12b-1 fees to the Company or the principal underwriter of the Contracts for providing distribution and shareholder support services to the Funds, ranging up to 0.35% directly from the Funds in connection with a Rule 12b-1 Plan. If the Company or the principal underwriter receive Rule 12b-1 fees, combined compensation for administrative, distribution and recordkeeping related services ranges up to 0.55% annually of Variable Account assets invested in a Fund. Certain Fund Groups do not provide any compensation to us from Rule 12b-1 fees but provide up to 0.50% annually of Variable Account assets invested in a Fund.

**These payments reflect in part expense savings by the Fund Groups for having, in the case of the Contracts, a sole shareholder, the Variable Account, rather than multiple shareholders in the Funds. Proceeds of these payments may be used for any corporate purpose, including the payment of expenses that Delaware Life and its affiliates incur in promoting, issuing, distributing and administering the Contracts. These payments are generally based on a percentage of the daily assets of the Funds under the Contracts and other variable contracts offered by Delaware Life and its affiliated insurers.** 

In addition, certain Fund Groups provide fixed dollar compensation to defray the cost of our marketing support and training services. These services may include various promotional, training or marketing meetings for distributors, wholesalers, and/or selling broker-dealers' registered representatives, and creating materials describing the Contract, its features and the available Investment Options. Certain Fund Groups may also attend these meetings.

These payments create an incentive for us to offer Funds (or classes of shares of Funds) for which such payments are available to us. We consider such payments, among other things, when deciding to include a Fund (or class of shares of a Fund) as a Variable Option under the Contracts. Other available Variable Option portfolios (or classes of shares of Funds) may have lower fees and better overall investment performance than the Funds (or classes of shares of the Funds) offered under the Contract.

If you purchased the Contract through a broker-dealer or other financial intermediary (such as a bank), the Fund Groups may pay the intermediary for services provided with regard to the sale of Fund shares in the Subaccounts under the Contract. The amount and/or structure of the compensation can possibly create a conflict of interest as it may influence the broker-dealer or other intermediary and your salesperson to present this Contract (and certain Subaccounts under the Contract) over other investment alternatives. The variations in compensation, however, may also reflect differences in sales effort or ongoing customer services expected of the broker-dealer or other intermediary or your salesperson. You may ask your salesperson about such variations and how he or she and his or her broker-dealer or other financial intermediary are compensated for selling the Contract.

**Selection of Funds** 

The Funds offered through the Contract are selected by the Company. We may add or remove a Fund or limit its availability to new Purchase Payments and/or transfers of Contract Value at our discretion. In selecting the Funds and Designated Funds, we consider, among other things, whether a Fund or its service providers (e.g., the investment adviser or sub-advisers) or its affiliates will make payments to us or our affiliates in connection with certain administrative, marketing, distribution and support services provided by us to the Funds, or whether Fund affiliates can provide marketing and distribution support for the sale of the Contracts. We do not recommend or endorse any particular Fund, and we do not provide investment advice. **You bear the risk of any decline in your Contract Value resulting from the investment performance of the Funds.** 

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If you elect any of the GLWB, the HAV Death Benefit and ROP Death Benefit riders, we currently limit your choice of Subaccounts to the Designated Funds. In addition, we limit the number and type of available Designated Funds and impose minimum and maximum allocation requirements for each Designated Fund category to reduce our risk exposure in providing the guarantees associated with the GLWB, the HAV Death Benefit and ROP Death Benefit riders. These limits may reduce the return on your investment. The Designated Fund requirements may reduce the likelihood that the Contract Value will be reduced to zero as a result of investment performance and that we will have to make payments under the AWA settlement option. (See "*DESIGNATED FUNDS*.")

**Fund Restrictions** 

The availability of certain Funds may vary depending on the broker-dealer or other financial intermediary through which the Contract was sold.

If you elect any of the optional benefit riders, we currently limit your choice of Subaccounts to the Designated Funds and the minimum and maximum aggregate allocation percentage requirements within the four categories of Designated Funds. We limit the number and type of available Designated Funds and the percentages of Purchase Payments and Contract Value allocable within the four categories of Designated Funds to reduce our risk exposure in providing the guarantees associated with the optional benefit riders. These limits may reduce the rate of return on your investment. The Designated Fund requirements may reduce the likelihood that the Contract Value will be reduced to zero as a result of investment performance and that we will have to make payments under the AWA settlement option. (See "*APPENDIX B: LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS.*")

**THE FIXED ACCOUNT** 

The Fixed Account is part of our general account which is made up of all the general assets of the Company other than those allocated to any separate account. Amounts you allocate to Guarantee Periods and the DCA Program become part of the Fixed Account. These general account assets are available to support our insurance and annuity obligations other than those funded by the Variable Account. Any guarantees under the Contract that exceed your Variable Accumulation Value, such as those with the GLWB, the HAV Death Benefit and the ROP Death Benefit riders, are paid from our general account (and not the Variable Account). Therefore, any amounts that we may be obligated to pay under the Contract in excess of Variable Accumulation Value are subject to our financial strength and claims-paying ability and our long-term ability to make such payments. We issue other types of insurance policies and financial products as well, and we pay our obligations under those products from our assets in the general account. The general account is subject to claims of creditors made on the assets of the Company.

We will invest the assets of the Fixed Account in those assets we choose that are allowed by applicable state insurance laws. We are not, however, obligated to invest amounts allocated to the Fixed Account according to any particular strategy, except as may be required by applicable state insurance laws. You will not have a direct or indirect interest in the Fixed Account investments.

In reliance on certain exemptive and exclusionary provisions, interests in the Fixed Account have not been registered as securities under the Securities Act of 1933 and the Fixed Account has not been registered as an investment company under the 1940 Act. Therefore, neither the Fixed Account nor any interests therein are generally subject to regulation under the Securities Act of 1933 or the 1940 Act. The disclosures relating to the Fixed Account included in this Prospectus are for the Owner's information. However, such disclosures are subject to certain generally applicable provisions of federal securities law relating to the accuracy and completeness of statements made in prospectuses.

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**THE FIXED ACCOUNT: Fixed OPTIONS** 

&nbsp;&nbsp; **If you elected a GLWB, HAV Death Benefit, and/or ROP Death Benefit rider, you may not allocate Purchase** <br> **Payments and Contract Value to the Fixed Options (*DCA Program and Guarantee Periods). Y*ou may transfer** <br> **Contract Value to a Guarantee Period, if you cancel the GLWB, the HAV Death Benefit and/or ROP Death Benefit** <br> **riders.**<br>

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

*During the Accumulation Phase, the Fixed Account offers two Fixed Options for the allocation of Purchase Payments and transfers of Contract Value: Guarantee Periods and a Dollar-Cost Averaging (or " DCA") program. The Fixed Options are Investment Options under the Contract available to you.* 

The following is the list of the Fixed Options currently available under the Contract. We may change the features of the Fixed Options listed below, offer new Fixed Options, and cease offering an existing Fixed Option. We will provide you with written notice before doing so. See "THE FIXED ACCOUNT*",* the sub-section captioned *"Dollar-Cost Averaging*" under the "Other Programs" section in "THE ACCUMULATION PHASE" and the "Dollar-Cost Averaging" section of the table in "BENEFITS AVAILABLE UNDER THE CONTRACT" for more information.

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| | | |
|:---|:---|:---|
| **Name** | **Term** | **Minimum Guaranteed Interest Rate** |
| Guarantee Period | One (1) Year | 1% |
| Dollar-Cost Averaging | 6 Months and 12 Months | 1% |

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You can find out about our current Guaranteed Interest Rates by calling us at (800) 374-3714.

**Guarantee Periods** 

You may elect one or more Guarantee Periods from those we may make available. When available, we may offer Guarantee Periods of different durations; however, we may stop offering some or all Guarantee Periods at any time. Once we stop offering a Guarantee Period, allocations, transfers or renewals into that Guarantee Period will not be permitted. In addition, we reserve the right not to make any Guarantee Periods available. Guarantee Amounts already in existence will be unaffected, although the Guarantee Amounts will be transferred into a money market Subaccount at the end of the Guarantee Period unless you direct us to transfer the Guarantee Amounts into any other Subaccount(s). We may choose not to make any Guarantee Periods available at our discretion. At any time, we can reverse our decision to exercise this right.

From time to time and subject to regulatory approval, we may offer Fixed Options with different interest Guarantee Periods. Each Guarantee Period earns interest at a Guaranteed Interest Rate that we publish. We, in our sole discretion, establish the interest rates for each Guarantee Period. We will not declare a rate that yields values less than those required by the state in which the Contract is issued. You bear the risk that we will not declare a rate that is higher than the minimum rate. Because these rates vary from time to time, allocations made to the Guarantee Periods of the Fixed Account at different times may earn interest at different rates.

**Renewals of Guarantee Periods** 

At least 30 days prior to the Renewal Date of each Guarantee Period, we will provide you with notice of the upcoming expiration of the Guarantee Period. Unless you instruct us otherwise, a one-year Guarantee Period will commence automatically at the end of the previous Guarantee Period. If a one-year Guarantee Period is not offered by us at that time, the Guarantee Amount will be transferred automatically to a money market Subaccount. To avoid an automatic renewal or transfer on the Renewal Date, the Owner must elect, in writing prior to the Renewal Date, a different Guarantee Period from among those that the Company offers at such time or provide written instructions to transfer all or a portion of the Guarantee Amount to one or more Subaccounts. (See "Transfers Among the Subaccounts and the Fixed Account.")

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For additional information about your Guarantee Periods, see "THE ACCUMULATION PHASE", "Fixed Accumulation Value", including "Crediting Interest", "Guarantee Amounts" and Renewals of Guarantee Periods, and "APPENDIX A: INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT".

**Dollar-Cost Averaging Program** 

We offer the DCA Program, at no extra charge, whereby you may by allocate a Purchase Payment to the Fixed Account prior to your Annuity Income Date under the 6 and 12-month DCA Program. The DCA Program automatically transfers a fractional amount of your Purchase Payment, plus accrued interest, from the Fixed Account to your selected Subaccounts on Designated Funds each month. For a description of the DCA Program, see "THE ACCUMULATION PHASE", "Automatic Programs", Dollar-Cost Averaging Program."

**Guaranteed Interest Rates** 

We determine Guaranteed Interest Rates for the Fixed Options at our discretion. Our determination will be influenced by the return we earn on our investments as well as other factors, including regulatory and tax requirements, sales commissions, administrative expenses, general economic trends and competitive factors. We may at our discretion periodically offer special interest rates for new Purchase Payments that are higher than the rates we are then offering for renewals or transfers.

**THE ACCUMULATION PHASE** 

During the Accumulation Phase of your Contract, you may make Purchase Payments into your Contract, and your earnings accumulate on a tax-deferred basis. The Accumulation Phase begins on the Issue Date and ends on the Valuation Period before your Annuity Income Date. The Accumulation Phase will end sooner if you surrender your Contract or if you die before the Annuity Income Date.

**Issuing Your Contract** 

We "open" the Contract on the Business Day when we receive your Application in Good Order at our Service Address. We refer to this date as the Open Date. We issue your Contract within two Business Days after we receive your initial Purchase Payment and your Application is in Good Order. We refer to this date as the Issue Date.

If we receive an Application not in Good Order and we do not receive the required information or documentation within five Business Days from our receipt of your initial Purchase Payment, we will either send back your initial Purchase Payment or request your permission to keep the funds until we receive the required information or documentation. Then, when the Application is in Good Order, we will apply your Purchase Payment within two Business Days.

To purchase the Contract, all Owners must be younger than age 81 on the Open Date. The GLWB may be elected only if all Owners and Annuitants are younger than age 81 on the Open Date and older than age 45 on the Issue Date. The HAV Death Benefit and ROP Death Benefit options may be elected only if all Owners and Annuitants are younger than age 71 on the Open Date.

Subsequent Purchase Payments will be credited to your Contract on the Business Day that we receive them in Good Order.

**Amount and Frequency of Purchase Payments** 

The amount of Purchase Payments may vary. The initial Purchase Payment must be at least $10,000 for a Non-Qualified Contract and the maximum annual Individual Retirement Annuity contribution under the Code for a Qualified Contract. The maximum annual Individual Retirement Annuity contribution under the Code for 2026 for traditional IRAs and Roth IRAs cannot be more on a combined basis than $7,500 ($8,600 if you are age 50 or older).

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Each additional Purchase Payment must be at least $500. In addition, unless we have given our prior approval, we will not accept a Purchase Payment that would cause the total Purchase Payments to exceed $1.5 million. We will not accept a Purchase Payment after any Owner or Annuitant's 93rd birthday. **We will not accept a Purchase Payment after the third Contract Anniversary if you purchased the GLWB**. We reserve the right not to accept any Purchase Payment.

**Allocation of Purchase Payments** 

***If you elected a GLWB, HAV Death Benefit and/or a ROP Death Benefit rider, you may not allocate Purchase Payments to the Fixed Options, which includes the DCA Program and Guarantee Periods.*** 

You may allocate your Purchase Payments among the Investment Options offered as the Variable Options and the Fixed Options. However, any allocation to a Fixed Option must be at least $500. We reserve the right to change this minimum amount upon written notice to you.

During the Accumulation Phase, you may specify the percentage of each Purchase Payment to be allocated to each Investment Option or a Fixed Option, if available. These percentages are called your allocation instructions. You may change your allocation instructions for future Purchase Payments by sending a notice of the change in Good Order to the Service Address. We will use your new allocation instructions for current and future Purchase Payments until we receive another change notice in Good Order.

**Your Contract Value** 

During the Accumulation Phase, the Contract Value for any Valuation Period is equal to the Variable Accumulation Value, if any, plus the Fixed Accumulation Value, if any, for that Valuation Period.

**Variable Accumulation Value** 

***Variable Accumulation Units*** 

Your Variable Accumulation Value is the combined Contract Value in each Investment Option, also known as a Variable Option. We use a unit of measure called a Variable Accumulation Unit in determining that combined value. A Variable Accumulation Unit works much like a mutual fund share. We determine the value in each Investment Option by multiplying the number of your Variable Accumulation Units allocated to that Investment Option by the value of each Variable Accumulation Unit.

***Variable Accumulation Unit Value*** 

The value of each Variable Accumulation Unit in a Investment Option reflects the net investment performance of that Investment Option. We determine that value once on each Business Day at the close of trading, which is generally 4:00 p.m., Eastern Time. (The close of trading is determined by the NYSE.) The period that begins at the time Variable Accumulation Units are valued on a Business Day and ends at that time on the next Business Day is called a "Valuation Period." On days other than Business Days, the value of a Variable Accumulation Unit does not change. The Net Investment Factor represents the net investment performance of a Investment Option at the end of any Valuation Period.

We determine the value of a Variable Accumulation Unit for each Investment Option for a Valuation Period by multiplying the value of a Variable Accumulation Unit for that Investment Option for the preceding Valuation Period by the Net Investment Factor for that Investment Option for such subsequent Valuation Period. The value of a Variable Accumulation Unit for each Investment Option for any Valuation Period is the value determined as of the end of that Valuation Period and may increase, decrease or remain the same from Valuation Period to Valuation Period in accordance with the calculation of the Net Investment Factor described below.

We calculate the Net Investment Factor for any Valuation Period by dividing (a) by (b) and then subtracting (c), where:

(a) is the net result of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the net asset value of a Fund share held in the Investment Option at the end of that Valuation Period, plus

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the per share amount of any dividend or other distribution made by that Fund on shares held in the Investment Option if the ex-dividend date occurs during the Valuation Period, plus or minus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. a per share credit or charge with respect to any taxes paid or reserved for by the Company during the Valuation Period which are determined by the Company to be attributable to the operation of the Investment Option.

(b) is the net asset value per share of the Fund share at the end of the preceding Valuation Period; and

(c) is the Asset Charge factor (the mortality and expense risk charge factor) for the Valuation Period.

The Net Investment Factor may be greater than, less than, or equal to one; therefore, the Variable Accumulation Unit value may increase, decrease or remain unchanged.

***Crediting Variable Accumulation Units*** 

Any allocations to a Investment Option(s) (including Purchase Payments and transfers) will result in the purchase of Variable Accumulation Units. The number of Variable Accumulation Units that the Company credits to each Investment Option is determined by dividing the dollar amount allocated to that Investment Option by the Investment Option's Variable Accumulation Unit value as calculated at the end of the Valuation Period when the allocation is effected.

***Canceling Variable Accumulation Units*** 

Any deductions from a Investment Option (including surrenders, partial withdrawals, death benefit payments, transfers, and fee deductions), will result in the cancellation of Variable Accumulation Units with a variable accumulation value equal to the total amount by which the Investment Option is reduced. The number of cancelled units will be determined by dividing the dollar amount deducted from that Investment Option by the Investment Option Variable Accumulation Unit value as calculated at the end of the Valuation Period when the deduction is effected.

**Fixed Accumulation Value** 

Your Fixed Accumulation Value is the sum of Purchase Payments and Contract Value allocated to Guarantee Periods and the DCA Program, plus interest credited on those amounts, and minus withdrawals, transfers, and any deductions for charges under the Contract taken from your Fixed Accumulation Value.

A Guarantee Period (also known as a Fixed Option) begins on the Business Day that (a) a Purchase Payment is applied to a Guarantee Period under your Contract or (b) we receive your request in Good Order to transfer Contract Value from a Subaccount or another Guarantee Period into a new Guarantee Period. Subsequent Guarantee Periods begin on the first day following the Renewal Date.

Each additional Purchase Payment, transfer or renewal credited to your Fixed Account Value will result in a new Guarantee Period and a new Guarantee Rate with its own Renewal Date. Amounts allocated at different times to Guarantee Periods of the same duration may have different Renewal Dates and different Guarantee Rates. **Guarantee Periods may not always be available for allocation**. (See *"THE FIXED ACCOUNT: FIXED OPTIONS*")

***If you elected a GLWB, HAV Death Benefit and/or a ROP Death Benefit rider, you may invest only in Designated Funds, not the Fixed Options.*** 

***Crediting Interest*** 

We credit interest on amounts allocated to a Guarantee Period at the applicable Guaranteed Interest Rate for the duration of the Guarantee Period. During the Guarantee Period, we credit interest daily at a rate that yields the Guaranteed Interest Rate on an annual effective basis. You can find out about our current Guaranteed Interest Rates by calling us at (877) 253-2323.

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***Guarantee Amounts*** 

Each separate allocation you make to a Guarantee Period, together with interest credited thereon, is called a Guarantee Amount. Each new allocation to a Guarantee Period must be at least $500 unless it is equal to the entire Guarantee Amount being renewed.

***Renewals of Guarantee Periods*** 

At least 30 days prior to the Renewal Date of each Guarantee Period, we will provide you with notice of the upcoming expiration of the Guarantee Period. Unless you instruct us otherwise, a one-year Guarantee Period will commence automatically at the end of the previous Guarantee Period. If a one-year Guarantee Period is not offered by us at that time, the Guarantee Amount will be transferred automatically to a money market Subaccount. To avoid an automatic renewal or transfer on the Renewal Date, the Owner must elect, in writing prior to the Renewal Date, a different Guarantee Period from among those that the Company offers at such time, or provide written instructions to transfer all or a portion of the Guarantee Amount to one or more Subaccounts. (See *"Transfers Among the Subaccounts and the Fixed Account."*)

Each new Guarantee Amount must be at least $500 unless it is equal to the entire Guarantee Amount being renewed. Automatic transfers of Guarantee Amounts into a money market Subaccount will not count as a transfer for purposes of the transfer restrictions. (See "*Transfers Among the Subaccounts and the Fixed Account*.")

**Transfers Among the Subaccounts and the Fixed Account** 

***Permitted Transfers*** 

During the Accumulation Phase, you may transfer all or part of your Contract Value to one or more Subaccounts or the Fixed Options then available, subject to the following restrictions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you may not make more than 12 transfers in any Contract Year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● at least 6 days must elapse between transfers to and from the same Subaccounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● transfers to or from Subaccounts are subject to terms and conditions that may be imposed by the Funds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● we impose additional restrictions on frequent transfers or excessive trading, which are further described below. (See "Restrictions on Frequent Transfers.")

These restrictions do not apply to the Dollar-Cost Averaging and Portfolio Rebalancing programs. (See "Automatic Programs")

We reserve the right to waive these restrictions and exceptions at any time, as discussed under "Restrictions on Frequent Transfers," or to change them. Any change will be applied uniformly. We will notify you of any change prior to its effectiveness.

There is usually no charge imposed on transfers; however, we reserve the right to impose a transfer charge of $25 for each transfer. We will notify you of any change in writing prior to its effectiveness. Under current law, there is no tax liability for transfers.

***Requests for Transfers*** 

You, your authorized registered representative of the broker-dealer of record, or another authorized third party may request transfers in writing at our Service Address or by telephone at (877) 253-2323, or by any means we make available.

If a written or telephone transfer request as described above is received in Good Order before the earlier of (a) 4:00 p.m. Eastern Time on a Business Day, or (b) the close of the New York Stock Exchange on days that the New York Stock Exchange closes before 4:00 p.m., the transfer will be priced at the Variable Accumulation Unit Value determined at the close of that Business Day. Otherwise, your transfer request will be priced at the close of the next Business Day. The

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telephone transfer privilege does not require your written election. We have established procedures reasonably designed to confirm that instructions communicated to us by telephone are genuine. These procedures may require any person requesting a transfer by telephone to provide personal identifying information. We will not be liable for following instructions communicated by telephone that we reasonably believe are genuine.

We reserve the right to deny any and all transfer requests made by telephone and to require that certain transfer requests be submitted in writing. A transfer request may be denied if it is not in Good Order or if it does not comply with the terms of our short-term trading policy or the trading policy of a fund involved in the transfer. If a telephone transfer request is denied, we will immediately notify you and your authorized registered representative.

We also reserve the right to suspend, modify, restrict, or terminate the telephone transfer privilege at any time. Your ability (or the ability of your authorized registered representative or another authorized third party) to request transfers by telephone may also be limited due to circumstances beyond our control, such as during system outages or periods of high volume.

No more than one transfer request may be made on the same Business Day regardless of whether the request is made by you, your authorized registered representative, or another authorized third party, and regardless of whether the request is submitted in writing or by telephone. The Company has established reasonable procedures for handling multiple transfer requests received on the same Business Day, including processing the first transfer request received in Good Order on a Business Day (unless otherwise cancelled in accordance with the cancellation procedures described in the next paragraph).

You, your authorized registered representative, or another authorized third party may cancel a transfer request by contacting us by telephone at (877) 253-2323 before the end of the Business Day during which the transfer request was submitted.

Under certain circumstances, we may defer transfers. (See "*Deferral of Payments and Transfers.*")

**If you elect any of the GLWB, the HAV Death Benefit and the ROP Death Benefit riders, transfers of your Contract Value among the Designated Funds may result in the minimum and maximum aggregate percentages in your Contract Value not being in compliance with the Min-Max Percentages. The GLWB, the HAV Death Benefit and the ROP Death Benefit riders will terminate automatically if you do not comply with these requirements. (See "***DESIGNATED FUNDS*.")

**Restrictions on Frequent Transfers** 

***Delaware Life's Restrictions*** 

Frequent transfers of Contract Value among the Subaccounts can adversely affect the performance of the Funds underlying the Subaccounts because of the costs associated with unusual and/or large movements of cash in and out of Funds in shorter than anticipated periods of time. Frequent transfers or excessive trading can harm you and other Contract owners with allocations to the Funds underlying a Subaccount in various ways, including increasing Fund expenses. The increased Fund costs include excessive Fund transaction fees and disruption of the management of the Fund. Frequent transfers will diminish a Fund's return and directly decrease the Subaccount's performance. If large amounts of money are suddenly transferred into or out of a Fund, the Fund's investment manager may be unable to effectively invest in accordance with the Fund's investment objectives and policies. We will monitor and may modify and/or restrict your right and any authorized third party's right to transfer among the Subaccounts if we determine, in our sole discretion, that the use of transfers among the Subaccounts may potentially harm the rights or interests of other Owners.

Delaware Life, as depositor of the Contracts, has policies and procedures designed to detect and deter frequent transfers by limiting the number and frequency of transfers of Contract Value. Currently, you may make only up to twelve (12) transfers per Contract Year and six (6) days must elapse between each transfer. We also may impose a fee of $25 per transfer. We may waive any of these restrictions at our discretion, subject to such terms and conditions as the Funds may impose. We reserve the right to impose additional administrative restrictions on third parties that engage in transfers of Contract Value on behalf of multiple Owners at one time.

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We may also take the following actions (but not are obligated to) against you and any authorized third parties acting on your behalf or on behalf of multiple Owners to restrict transfers, if we determine, in our sole discretion, that you and such parties may be engaging in frequent transfers of Contract Value among the Subaccounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Limit the dollar amount and frequency of transfers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Restrict the method of transfers (e.g., require that transfer requests be in writing sent to our Service Address via first class mail);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Terminate or suspend the ability to transfer among Subaccounts by telephone or other means that would otherwise be permissible;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Reject the transfer or exchange instructions of individual Owners who have executed pre-authorized transfer forms which are submitted by third parties on behalf of more than one Owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Impose other limitations or restrictions.

Transfer limitations and other restrictions are subject to our ability to monitor transfer activity. Our ability to monitor transfer activity may be limited by operational and technological systems, as well as our ability to predict and monitor the variety of strategies that might be employed by Owners and their authorized third parties to avoid detection. There is no assurance that we will be able to monitor and stop frequent transfers of Contract Value among the Subaccounts. A failure to detect and curtail frequent transfers may result in lower performance of the Funds underlying the Subaccounts that you selected.

***The Funds' Restrictions*** 

The Funds themselves have policies and procedures to deter frequent trading ("Fund's Trading Policies"). We have entered into information sharing agreements with the Funds, as required by Rule 22c-2 under the 1940 Act. We are legally obligated to provide information about an Owner's allocations into and out of a Fund underlying a Subaccount at the Fund's request. If a Fund identifies an Owner or any authorized third party as having violated the Fund's Trading Policies, the Fund may direct us to impose a transfer fee, or restrict or prohibit any further allocations into or out of the Fund by or on behalf of the Owner. Such a restriction may remain in place indefinitely. The Owner or authorized third party may be part of a group of other variable annuity and variable life insurance owners and shareholders that the Fund has restricted. We may not have the operational capacity to apply a Fund's Trading Policies. If we do not have such capacity, it may result in lower performance of the Funds underlying the Subaccounts that you selected.

The Funds are available to retirement plans and other insurance companies for their variable annuity and variable life insurance contracts. These retirement plans, and insurance companies may have different procedures to monitor and deter frequent and large-scale trading or may not have any restrictions against frequent and large-scale trading. You may be harmed by frequent transfer activity related to other insurance company and retirement plan investments in the Funds.

**Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates** 

In certain situations, we may reduce or waive the Withdrawal Charge or the Annual Contract Fee, credit additional amounts, grant special Guaranteed Interest Rates, or offer other options or benefits. These situations may include sales of Contracts (1) where selling and/or maintenance costs associated with the Contracts are reduced, such as the sale of several Contracts to the same Owner, certain sales of larger-sized Contracts, and certain group sales, and (2) to officers, directors and employees of the Company or its affiliates, financial professionals and employees of broker-dealers with a current selling agreement with the Company and affiliates of such representatives and broker-dealers, employees of affiliated asset management firms, and persons who have retired from such positions and their immediate families.

**Automatic Programs** 

You may participate in any of the following optional programs free of charge. Transfers made pursuant to the provisions of the following optional programs will not be charged a transfer fee, nor will such transfers count as one of the 12 transfers per year (See *"Transfers Among the Subaccounts and the Fixed Account."*)

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You, your authorized financial professional, or another authorized third party may elect and terminate your participation in any of these programs at any time by written notice to us at our Service Address or by other means approved by us.

***Dollar-Cost Averaging (or "DCA") Program*** 

You may elect to participate in the DCA Program, at no extra charge, by allocating a Purchase Payment to the Fixed Account prior to your Annuity Income Date under the 6 and 12-month DCA program. The DCA program automatically transfers a fractional amount of your Purchase Payment, plus accrued interest, from the Fixed Account to your selected Subaccounts each month. The first transfer under the DCA Program will occur on the day we receive your Purchase Payment. The program continues until Purchase Payment allocated to the program is depleted or you elect to stop the program.

Amounts held in the Fixed Account under the DCA Program will earn interest at a rate declared by the Company. The DCA Program must be elected separately for each Purchase Payment.

Any allocation of a new Purchase Payment to the program will be treated as commencing a new DCA Program and will be subject to the $500 minimum.

The main objective of the DCA Program is to minimize the impact of short-term market fluctuations affecting the value of the Funds. In general, since you transfer the same dollar amount to the Subaccounts at set intervals, the DCA Program allows you to purchase more Variable Accumulation Units (and, indirectly, more Fund shares) when prices are low and fewer Variable Accumulation Units (and, indirectly, fewer Fund shares) when prices are high. Therefore, you may achieve a lower average cost per Variable Accumulation Unit over the long term. It is important to understand that the DCA Program does not ensure a profit or protect against loss in a declining market. We do not allow transfers into any of the Guarantee Periods under the DCA Program.

***Systematic Withdrawal Program*** 

You may select our Systematic Withdrawal program at any time prior to your Annuity Income Date. Under the Systematic Withdrawal program, you may determine the amount and frequency of regular withdrawals you would like to receive from your Fixed Accumulation Value and/or Variable Accumulation Value. We reserve the right to select the day of the month that the withdrawals occur. Withdrawals may have adverse federal income tax consequences including a 10% additional tax. (See "*TAX PROVISIONS*.") You should carefully consider these tax consequences before requesting any withdrawal.

You should consult a qualified tax professional before choosing this optional program. We reserve the right to limit the election of this program to Contracts with a minimum Contract Value of $10,000.

**Withdrawals under the Systematic Withdrawal program may significantly reduce the death benefit amount and decrease values under the GLWB by an amount that may be greater than the amount withdrawn and may cause your Contract and the GLWB, HAV Death Benefit and the ROP Death Benefit riders to terminate without value.** 

**If you elect the GLWB, the Systematic Withdrawal program is not available after the Income Start Date. After the Income Start Date, your AWA payments may only be withdrawn under the AWA automatic withdrawal program. Under the AWA automatic withdrawal program, you will receive your AWA payments monthly. We may make other periodic payment schedules available at our discretion.** 

***Portfolio Rebalancing Program*** 

You may select our Portfolio Rebalancing program at any time prior to your Annuity Income Date. Under this program, we transfer funds once each Contract Quarter among all Subaccounts to maintain the percentage allocation you have selected among these Subaccounts. **If you elect any of the GLWB, the HAV Death Benefit and the ROP Death Benefit riders, then, once each Contract Quarter, we will automatically transfer your Contract Value among the** 

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**Designated Funds you have selected to maintain the percentage allocations you have chosen. (See "*DESIGNATED FUNDS.*")** No transfers to or from any Guarantee Period are permitted while the Portfolio Rebalancing program is in effect.

**WITHDRAWALS, SURRENDERS, AND WITHDRAWAL CHARGES** 

**Cash Withdrawals** 

***Requesting a Withdrawal*** 

At any time during the Accumulation Phase, you may withdraw in cash all or any portion of your Contract Value. To make a withdrawal, other than a Systematic Withdrawal, you must send us a written request at our Service Address. Your request must specify whether you want a full surrender or a partial withdrawal.

All withdrawals may be subject to a Withdrawal Charge. (See "*Withdrawal Charge*.") Upon request, we will notify you of the amount we would pay in the event of a full surrender or partial withdrawal. Withdrawals also may have adverse state and federal income tax consequences, including a 10% additional tax. (See "*TAX PROVISIONS*.") You should consult a qualified tax professional and carefully consider these tax consequences before requesting a cash withdrawal.

***Full Surrenders*** 

If you withdraw the entire Contract Value, your request will result in a full surrender of the Contract. In that event, we calculate the amount we will pay you as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● first, we determine your Contract Value as the sum of any Fixed Accumulation Value and any Variable Accumulation Value based on the price next determined for each Subaccount at the end of the Valuation Period during which we receive your withdrawal request;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● we then deduct the proportionate amount of the Annual Contract Fee, if applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● we then calculate and deduct the proportionate amount of the quarterly fee for any optional living benefit and any optional death benefit, if applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● we then calculate and deduct any applicable Withdrawal Charge.

**In addition, any applicable taxes will be deducted from the amount you receive**. A full withdrawal results in the surrender of your Contract, cancellation of all rights and privileges under your Contract, and the termination of any elected GMWB, HAV Death Benefit and ROP Death Benefit rider.

***Partial Withdrawals*** 

When you withdraw less than the entire Contract Value, you request a partial withdrawal. In that event, you can ask to have any applicable charges deducted either from:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the amount of your partial withdrawal request (thereby reducing the amount you are to receive); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Contract Value (thereby reducing your Contract Value by the amount of your partial withdrawal request plus any applicable Withdrawal Charge).

If you make no specification, we will process your withdrawal request using the first option above. **Please note: Under either option, any applicable taxes will be deducted from the amount you receive.** 

Unless you have elected an optional living benefit or death benefit, you may specify the amount you want withdrawn from each Subaccount and/or Guarantee Amount to which your Contract is allocated. If you do not so specify, we will deduct the total amount you request pro-rata, from each Subaccount, Guarantee Amount and Fixed Accumulation Value in the DCA Program, if any, at the end of the Valuation Period during which we receive your request. If you have elected

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an optional living benefit or death benefit, we will deduct the total amount you request pro-rata, from each of the Designated Investments Options and Fixed Accumulation Value in the DCA Program, if any, at the end of the Valuation Period during which we receive your request.

**Withdrawals may significantly reduce any optional living benefit and optional death benefit values. In calculating the amount payable under the optional living benefit or death benefit, the benefit may be reduced by an amount that is greater than the amount by which your Contract Value is reduced by the withdrawal, depending on the circumstances. Accordingly, you should refer to the more detailed descriptions of the optional living benefit and death benefits that appear elsewhere in this Prospectus for information about the effects that withdrawals will have on those benefits.** 

If you request a partial withdrawal that would result in your Contract Value being reduced to an amount less than the $2,000 minimum Contract Value, we reserve the right to treat it as a request for a full surrender of your Contract.

***Time of Payment*** 

Full surrenders and partial withdrawals will be paid within seven days after we receive your request in Good Order, except in cases where we are permitted, and choose, to defer payment under the 1940 Act and applicable state insurance law. (See "*Deferral of Payments and Transfers*.")

**Withdrawal Charge** 

We do not deduct any charge from your Purchase Payments when they are made. However, we may impose a Withdrawal Charge (also known as a "contingent deferred sales charge") on certain amounts you withdraw. We impose this charge primarily to defray some of our expenses related to the sale of the Contracts, such as commissions we pay to agents, the cost of sales literature, and other promotional costs and transaction expenses.

The Company imposes no Withdrawal Charge on the Contract Value applied to a Fixed Annuity Payment Option.

***Free Withdrawal Amount*** 

In each Contract Year you may withdraw a portion of your Contract Value before incurring the Withdrawal Charge as described below:

The Free Withdrawal Amount is the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a)

10% of the Contract Value (computed as of the last Contract Anniversary prior to withdrawal), in any Contract Year after the first Contract Anniversary, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b)

The RMD Amount, if any, for the current calendar year, as calculated by us under the Code and regulations. Your Contract may be subject to an RMD Amount if it was issued in connection with certain Individual Retirement Contracts or Annuities ("IRAs"), or other tax qualified plans. Only one tax year's RMD Amount can be taken without the application of a Withdrawal Charge during any Contract Year.

The Free Withdrawal Amount will be reduced by any prior withdrawals taken during the same Contract Year.

**If your Contract is a Non-Qualified Contract or a Qualified Contract from which no RMD Amount is currently due, there is no Free Withdrawal Amount in the first Contract Year.** 

The Free Withdrawal Amount will be reduced by any prior withdrawals taken during the same Contract Year. Any portion of the Free Withdrawal Amount that is not used during a Contract Year will not be available for use in future Contract Years.

**Although there is no Withdrawal Charge for a withdrawal of the Free Withdrawal Amount, it could be subject to adverse state and federal tax consequences. You should consult a qualified tax professional for more information.** 

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**You may withdraw the greater of the Free Withdrawal Amount or the AWA, without a Withdrawal Charge, after the Income Start Date under the GLWB.** 

For an example of how we calculate the Free Withdrawal Amount, see "*APPENDIX E - EXAMPLES OF CALCULATION OF FREE WITHDRAWAL AMOUNT*."

***Order of Withdrawals*** 

Each time you make a withdrawal, we consider the Free Withdrawal Amount to be withdrawn first. If the amount you withdraw is more than your Free Withdrawal Amount, then that excess may be subject to a Withdrawal Charge. We will withdraw the excess, in order, first from your earliest remaining Purchase Payment no longer subject to a Withdrawal Charge and then from your earliest remaining Purchase Payment subject to a Withdrawal Charge. Each time you make a withdrawal, we will follow this procedure until all of your Purchase Payments have been withdrawn. Once all Purchase Payments are withdrawn, any additional amount withdrawn is not subject to a Withdrawal Charge.

***Calculation of Withdrawal Charge*** 

We calculate the amount of the Withdrawal Charge by multiplying the amount of each Purchase Payment withdrawn by its applicable Withdrawal Charge percentage. The percentage varies according to the number of years the Purchase Payment has been held in your Contract. Each Purchase Payment has its own 7-year period and for each completed year after the Purchase Payment, the Withdrawal Charge declines as shown below. If a Purchase Payment is withdrawn within one year of when it was made, it will have an 8% Withdrawal Charge. After one year, a 7% Withdrawal Charge would apply to that Purchase Payment. If the Contract Value is less than the total Purchase Payments, the Withdrawal Charge only applies to the Contract Value.

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| | |
|:---|:---|
| **Number of Completed Years**<br> **Since the Purchase Payment Has Been**<br> **In Your Contract**<br>| &nbsp;&nbsp; **Withdrawal**<br> **Charge**<br>|
| 0 | 8% |
| 1 | 7% |
| 2 | 6% |
| 3 | 6% |
| 4 | 5% |
| 5 | 4% |
| 6 | 3% |
| 7 or more | 0% |

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You may want to consider deferring a withdrawal because the Withdrawal Charge declines the longer the Purchase Payment is held in your Contract.

For additional examples of how we calculate Withdrawal Charge, see "*APPENDIX D - EXAMPLES OF WITHDRAWALS, SURRENDERS AND WITHDRAWAL CHARGES*."

**Withdrawals not Subject to Withdrawal Charge** 

***Nursing Home Withdrawal Charge Waiver ("NHW")*** 

You may be eligible for a waiver of the Withdrawal Charge for partial withdrawals or a full surrender **on or after the first Contract Anniversary** under the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You (or the Annuitant if the Owner is a Non-Natural person) are confined to an Eligible Nursing Home. An "Eligible Nursing Home" is a licensed hospital or licensed skilled or intermediate care nursing facility at which medical treatment is available daily and daily medical records are kept for each patient;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The confinement is for a period of 90 continuous days, or any shorter period required by the state in which your Contract is issued, beginning on or after the Issue Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The NHW is approved by the state in which your Contract is issued. (See "*APPENDIX C - STATE LAW VARIATIONS*.")

At the time of the withdrawal or surrender request, proof (1) that the facility is an Eligible Nursing Home and (2) of the duration of the Owner's confinement must be received by the Company on our form(s). We will provide you with a written claim form within 10 Business Days after we receive a request for a partial withdrawal or full surrender. If we do not provide a claim form within 10 Business Days, you will be deemed to have complied with the claim requirements if we receive written proof covering the occurrence, the character and the extent of the confinement for which the claim is made.

If we find proof of confinement in an Eligible Nursing Home to be insufficient, we will notify you of the denial and provide you with the opportunity to accept or reject the withdrawal or surrender proceeds, subject to all applicable Withdrawal Charge.

There is no charge for this benefit. We will terminate this benefit upon receipt of your request to terminate it or upon termination of the Contract.

Termination of the NHW will not affect the previous waiver of any Withdrawal Charge.

***Terminal Illness Withdrawal Charge Waiver ("TIW")*** 

You may be eligible for a waiver of the Withdrawal Charge for partial withdrawals or a full surrender **on or after the first Contract Anniversary** under the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You (or the Annuitant if the Owner is a Non-Natural person) develop a Terminal Illness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● We must receive the request for waiver on our form(s);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● We must receive proof of such Terminal Illness which shall include, but not be limited to, certification by a Licensed Physician who: (i) has examined you and is qualified to provide such certification, and (ii) is neither an Owner, an Annuitant nor a Family Member of an Owner or an Annuitant.

Terminal Illness, Family Member, and Licensed Physician are defined as follows:

**Terminal Illness**: any medical condition which a Licensed Physician certifies has reduced your expected life span to one year or less.

**Family Member**: your spouse or domestic partner, your spouse's or domestic partner's parents, your sons and daughters and their spouses or domestic partners, your parents and their spouses or domestic partners, your brothers and sisters and their spouses or domestic partners, your grandparents and grandchildren and their spouses or domestic partners, and any individual related to you by blood or affinity whose close association with you is the equivalent of a family relationship.

**Licensed Physician**: a person authorized or licensed to practice medicine in a state.

We will provide you with a written claim form within 10 Business Days after we receive a request for a partial withdrawal or full surrender. If we do not provide a claim form within 10 Business Days, you will be deemed to have complied with the claim requirements if we receive written proof covering the occurrence, the character and the extent of the Terminal Illness for which the claim is made.

We reserve the right to require a second opinion and to have you examined by a Licensed Physician of our choosing and at our expense. In the event the second opinion conflicts with the first, the second opinion controls. For state variations related to this process, see "*APPENDIX C - STATE LAW VARIATIONS*."

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If the Company finds proof of your Terminal Illness to be insufficient, we will notify you of the denial and provide you with the opportunity to accept or reject the withdrawal or surrender proceeds, subject to the applicable Withdrawal Charge.

There is no charge for this benefit. We will terminate this benefit upon receipt of your request to terminate it or upon termination of the Contract.

Termination of the TIW will not affect the previous waiver of any Withdrawal Charge.

**Any withdrawals under the NHW and the TIW will reduce the remaining Free Withdrawal Amount, if any, the remaining AWA, if any, the remaining Contract Value, the Withdrawal Benefit Base, if any, and the death benefit.** 

***Other Withdrawals*** 

We do not impose Withdrawal Charge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● on the AWA under the GLWB;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when you annuitize your Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● on amounts we pay as a death benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● on amounts you transfer among the Subaccounts, between the Subaccounts and the Fixed Account, or within the Fixed Account; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● on any amounts transferred as part of a DCA Program or Portfolio Rebalancing program. (See "Automatic Programs.")

**CONTRACT CHARGES** 

**Annual Contract Fee** 

During the Accumulation Phase of your Contract, we will deduct an Annual Contract Fee of $30 from your Contract Value to help cover the administrative expenses we incur related to the issuance and maintenance of Contracts. We deduct the Annual Contract Fee on each Contract Anniversary. We deduct the Annual Contract Fee pro-rata from each Subaccount and each Guarantee Amount, based on the allocation of your Contract Value on the date we deduct the Contract Fee.

If you surrender your Contract on a date other than a Contract Anniversary, we will deduct a proportionate amount of the Annual Contract Fee to reflect the time elapsed between the last Contract Anniversary and the date of the surrender.

We will not deduct the Annual Contract Fee if your Contract Value is $100,000 or more on your Contract Anniversary or on the date you surrender your Contract.

We do not deduct the Annual Contract Fee on or after the Annuity Income Date.

**Asset Charge** 

During the Accumulation Phase, we assess an Asset Charge of 1.20% to compensate us for the mortality, administrative, distribution and other expenses we incur related to the issuance, maintenance and provision of the benefits under the Contract. The Asset Charge is designed to also compensate us for the risk that our mortality and other expense costs may exceed the Asset Charge itself. No Asset Charge is deducted during the Income Phase.

If the amount of the Asset Charge is insufficient to cover our costs resulting from these expense risks, we will bear the loss. If, as we expect, the amount of the charge is more than sufficient to cover such costs, we will make a profit on the Asset Charge. We may use this profit for any proper corporate purpose, including the payment of marketing and

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distribution expenses for the Contract. In setting the rate of the Asset Charge, we not only consider our expense risks, but also our objective to earn a profit from the Contracts, after all of the costs, expenses, and benefits we expect to pay in connection with the Contracts.

The mortality risk we assume is that Annuitants may live for a longer period of time than we estimate. We assume this mortality risk from our contractual obligations to make annuity payments to each Annuitant determined in accordance with the annuity tables and other contractual provisions that cannot be changed. The administrative expense risk we assume is the risk that our actual expenses in administering the Variable Account and Contracts will be greater than anticipated and not covered by the Annual Contract Fee. Administrative expenses include issuing, servicing and administering the Contracts, regulatory compliance, and reporting functions, among others. The distribution expense risk we assume is the risk that our actual expenses in distributing the Contracts and the Variable Account will be greater than anticipated and not covered by the Withdrawal Charge. Distribution expenses include the marketing and sale of the Contracts. The expense risk we assume is that our cost of providing the GLWB, the HAV Death Benefit and the ROP Death Benefit according to the terms of the Contract will exceed the amount of the optional living benefit and death benefit charges we deduct for those benefits under the Contract.

**Charges for the Optional Living Benefit** 

If you elect the GLWB, we will deduct a charge from your Contract Value on the last Valuation Period of each Contract Quarter while the GLWB is in effect. The maximum amount of the charge is 0.4875% of the Withdrawal Benefit Base at the end of each Contract Quarter (1.95% annually). The current charge is 0.375% of the Withdrawal Benefit Base at the end of each Contract Quarter (1.50% annually).

If the GLWB terminates on any day except the last day of the Contract Quarter, we will deduct a proportionate amount of the fee to reflect the time elapsed between the first day of the current Contract Quarter and the day the benefit terminates.

For more information about this charge, please see "The *GLWB Fee*."

**Charges for the Optional Death Benefits** 

If you elect an optional death benefit, a quarterly fee will be deducted from the Contract Value as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• HAV Death Benefit: 0.10% (0.40% annually) of the HAV Value.

&nbsp;&nbsp;&nbsp;&nbsp;• ROP Death Benefit: 0.05% (0.20% annually) of the ROP Value.

If the optional death benefit terminates on any day except the last day of the Contract Quarter, we will deduct a proportionate amount of the fee from the Contract Value to reflect the time elapsed between the first day of the current Contract Quarter and the day the optional death benefit terminates.

For more information about the calculation of these charges, please see "HAV Death Benefit" and "ROP Death Benefit."

**Premium Taxes** 

Some states and local jurisdictions impose a premium tax on us that is equal to a specified percentage of the Purchase Payments you make, or the Contract Value applied to the Annuity Payment Option. In many states there is no premium tax. We believe that the amounts of applicable premium taxes currently range from 0% to 3.5%. In order to reimburse us for the premium tax we may pay on Purchase Payments, our policy is to deduct the amount of such taxes from the amount you apply to provide an annuity at the time of annuitization. We do not make any profit on the deductions we make to reimburse premium taxes.

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**Fund Charges** 

There are fees and expenses deducted from each Fund. These fees and expenses are described in the Fund prospectuses and related Statements of Additional Information. The MFS US Government Money Market Fund has the discretion to impose a liquidity fee on redemptions from the Fund and to implement a redemption gate that would temporarily suspend redemptions from the Fund. We will implement, administer and charge you for any such fee and restriction imposed by the Fund.

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**BENEFITS AVAILABLE UNDER THE CONTRACT** 

The following table summarizes information about the benefits available under the Contract. The availability of these benefits may vary depending on the broker-dealer or other financial intermediary through which the Contract is sold.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name of** <br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard** <br> **or**<br> **Optional**<br>| **Maximum**<br> **Fee**<br>| **Current**<br> **Fee**<br>| **Brief Description of** <br> **Restrictions /**<br> **Limitations**<br>|
| **Dollar-Cost** <br> **Averaging (or** <br> **"DCA")** <br> **Program**<br>| Allows you to allocate a <br> Purchase Payment to the <br> Fixed Account and <br> automatically transfer a <br> fractional amount of your <br> Purchase Payment, plus <br> accrued interest, from the <br> Fixed Account to the <br> Subaccounts each month <br> during a designated period.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Available only during the <br> Accumulation Phase.<br>●Only 6-month and 12-month <br> periods available.<br>●$500 minimum allocation for a <br> 6-month period.<br>●$1,000 minimum allocation for <br> a 12-month period.<br>●Only monthly transfers <br> available.<br>●Program transfers do not count <br> against transfer limitations <br> under the Contract.<br>|
| **Portfolio** <br> **Rebalancing** <br> **Program**<br>| Allows you to automatically <br> transfer Contract Value <br> among the Subaccounts to <br> maintain the percentage <br> allocations you selected for <br> the Subaccounts.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Available only during the <br> Accumulation Phase.<br>●Only quarterly rebalancing <br> available.<br>●Program transfers do not count <br> against transfer limitations <br> under the Contract.<br>|
| **Systematic** <br> **Withdrawal** <br> **Program**<br>| Allows you to take <br> automatic withdrawals from <br> your Contract Value at a <br> designated frequency.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Available only during the <br> Accumulation Phase.<br>●Systematic withdrawals may <br> repeatedly expose you to the <br> risks associated with partial <br> withdrawals.<br>●Withdrawals may be subject to <br> Withdrawal Charges and taxes, <br> including tax penalties.<br>●Withdrawals reduce Contract <br> Value (and the standard death <br> benefit, if applicable).<br>●Withdrawals may significantly <br> reduce an optional living or <br> death benefit, including by an <br> amount greater than the value <br> withdrawn.<br>●We reserve the right to impose <br> a minimum Contract Value of <br> $10,000 for enrollment.<br>|
| **Nursing** <br> **Home** <br> **Withdrawal**<br>| Allows you to withdraw <br> Contract Value without a <br> Withdrawal Charge if you<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Not available until the first <br> Contract Anniversary.<br>|

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name of** <br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard** <br> **or**<br> **Optional**<br>| **Maximum**<br> **Fee**<br>| **Current**<br> **Fee**<br>| **Brief Description of** <br> **Restrictions /**<br> **Limitations**<br>|
| **Charge** <br> **Waiver**<br>| are confined to a nursing <br> home.<br>|  |  |  | &nbsp;&nbsp;&nbsp; ●Must be confined to an eligible <br> nursing home.<br>●Must be confined for 90 <br> continuous days.<br>●Requires proof of eligibility. |
| **Terminal** <br> **Illness Rider**<br>| Allows you to withdraw <br> Contract Value without a <br> Withdrawal Charge if you <br> develop a terminal illness.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Not available until the first <br> Contract Anniversary.<br>●Must have a diagnosed <br> terminal illness.<br>●Requires proof of eligibility.<br> ●State variations may apply. |
| **Standard** <br> **Death Benefit**<br>| Pays a death benefit equal <br> to the Contract Value.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Withdrawals will reduce the <br> benefit.<br>●Annuitizing the Contract <br> terminates the benefit.<br>|
| **Highest** <br> **Anniversary** <br> **Value (HAV)** <br> **Death Benefit**<br>| Pays a death benefit equal <br> to the higher of the <br> Contract Value and the <br> HAV Value.<br>| Optional | 2.00% of <br> HAV Value<br>| 0.40% of <br> HAV Value<br>| &nbsp;&nbsp;&nbsp; ●Cannot be elected after the <br> Contract is issued.<br>●Owners and Annuitants must <br> be younger than age 76 to <br> elect.<br>●Not available in California.<br> ●Investment restrictions limit <br> available Investment Options <br> and the percentage that can be <br> allocated among the available <br> Investment Options.<br>●Withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn.<br>●Transfers other than to the then <br> current Designated Funds in <br> accordance with the <br> permissible percentage <br> allocations will terminate the <br> benefit.<br>●Annuitizing the Contract <br> terminates the benefit.<br>|
| **Return of** <br> **Premium** <br> **(ROP) Death** <br> **Benefit**<br>| Pays a death benefit equal <br> to the higher of the <br> Contract Value and the ROP <br> Value<br>| Optional | 2.00% of <br> ROP Value<br>| 0.20% of <br> ROP Value<br>| &nbsp;&nbsp;&nbsp; ●Cannot be elected after the <br> Contract is issued.<br>●Owners and Annuitants must <br> be younger than age 81 to <br> elect.<br>●Investment restrictions limit <br> available Investment Options <br> and the percentage that can be <br> allocated among the available <br> Investment Options.<br>|

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name of** <br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard** <br> **or**<br> **Optional**<br>| **Maximum**<br> **Fee**<br>| **Current**<br> **Fee**<br>| **Brief Description of** <br> **Restrictions /**<br> **Limitations**<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp; ●Withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn.<br>●Transfers other than to the then <br> current Designated Funds in <br> accordance with the <br> permissible percentage <br> allocations will terminate the <br> benefit.<br>●Annuitizing the Contract <br> terminates the benefit.<br>|
| **Guaranteed** <br> **Lifetime** <br> **Withdrawal** <br> **Benefit** <br> **(GLWB)**<br>| A GLWB allows you to <br> withdraw a guaranteed <br> amount of money each year, <br> and your guaranteed <br> withdrawals may continue <br> for life (on a single- or <br> joint-life basis) regardless <br> of investment performance, <br> provided that you comply <br> with certain requirements.<br>This GLWB includes an <br> annual step-up (based on <br> the prior Contract Year <br> highest quarter-end <br> Contract Values) and bonus <br> feature that may increase <br> the guaranteed benefit. This <br> GLWB permits multiple <br> ten-year bonus periods.<br>| Optional | 1.95% of <br> Withdrawal <br> Benefit <br> Base<br>| 1.50% of <br> Withdrawal <br> Benefit <br> Base<br>| &nbsp;&nbsp;&nbsp; ●Cannot make Purchase <br> Payments in excess of <br> $1.5 million without prior <br> approval.<br>●Cannot make Purchase <br> Payments after the third <br> Contract Anniversary.<br>●The maximum Withdrawal <br> Benefit Base is $5,000,000.<br>●Cannot be elected after the <br> Contract is issued.<br>●Owners and Annuitants must <br> be at least age 45 and younger <br> than age 81 to elect.<br>●Investment restrictions limit <br> available Investment Options <br> and the percentage that can be <br> allocated among the available <br> Investment Options.<br>●Early and excess withdrawals <br> may significantly reduce the <br> benefit, including by an <br> amount greater than the value <br> withdrawn, and may terminate <br> the benefit.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger guaranteed withdrawals <br> in later years.<br>●Purchase Payments may be <br> subject to additional limits.<br>●All withdrawals reduce the <br> potential for step-ups.<br>●A step-up may increase your <br> charge (no future step-ups are <br> allowed if you refuse consent <br> to a charge increase).<br>|

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name of** <br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard** <br> **or**<br> **Optional**<br>| **Maximum**<br> **Fee**<br>| **Current**<br> **Fee**<br>| **Brief Description of** <br> **Restrictions /**<br> **Limitations**<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp; ●Bonus feature not available <br> after the Income Start Date <br> (step-up feature may be <br> available until the Annuity <br> Income Date).<br>●Annuitizing the Contract may <br> eliminate the benefit.<br>|

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**DESIGNATED FUNDS** 

If you elect any of the GLWB, the HAV Death Benefit and the ROP Death Benefit riders, your Purchase Payments and Contract Value must be allocated only to Designated Funds in compliance with the minimum and maximum aggregate allocation percentage requirements. The GLWB, the HAV Death Benefit and the ROP Death Benefit riders will terminate automatically if you do not comply with this requirement.

The Designated Funds are a subset of the available Funds in the Subaccounts. **The current Designated Funds and permissible Min-Max Percentages within the four categories of Designated Funds for allocation are included in an appendix to this prospectus. (See *"APPENDIX B: LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS.")*** 

You may transfer funds within the four categories as long as your allocations remain within the Min-Max Percentages we have established and may change from time to time, and you adhere to the transfer provisions of your Contract. *(See "Transfers Among the Subaccounts and the Fixed Account" and "Restrictions on Frequent Transfers.")* 

Withdrawals will be taken pro-rata from each of your selected Designated Funds. Any additional Purchase Payments will be allocated proportionally to your current Designated Funds based on your current allocation instructions. At any time, you can change your allocation by providing new allocation instructions. Your new instructions will change your existing allocations accordingly. Once each Contract Quarter, we will automatically rebalance your Contract Value among the Designated Funds you have selected to maintain the percentage allocations you have chosen.

We may add or remove a Designated Fund in our sole discretion, including in the event of a fund reorganization, fund substitution, a fund liquidation or merger or to help maintain our ability to provide the guarantees under the optional living benefit and optional death benefit riders. If a Designated Fund is closed to new Purchase Payments, but existing Contract Value is not required to be moved from the closed Designated Fund, portfolio rebalancing will continue. To make an additional Purchase Payment or a transfer thereafter, you must change your allocation instructions to exclude the closed Designated Fund. Your entire Contract Value will then be reallocated according to your new allocation instructions.

If a Designated Fund is closed to new Purchase Payments and the Contract Value allocated to the closed Designated Fund must move to a new Designated Fund, we will provide you with reasonable notice (generally 30 calendar days) prior to the effective date of such change to allow you to reallocate your Contract Value to maintain your optional benefits. If you do not timely reallocate your Contract Value, your rider will terminate.

We also limit the number and type of available Designated Funds and impose minimum and maximum allocation requirements for each Designated Fund category in our sole discretion to reduce our risk exposure in providing the guarantees associated with the GLWB, the HAV Death Benefit and ROP Death Benefit riders. These limits may reduce the return on your investment. The Designated Fund requirements may reduce the likelihood that the Contract Value will be reduced to zero as a result of investment performance and that we will have to make payments under the AWA settlement option.

The Company reserves the right, upon written notice to you, to (1) change the available Designated Funds, (2) change the percentages that may be allocated to the Designated Funds, (3) change the investment category classification of any Designated Fund, and (4) determine the appropriate investment category classification for any new Designated Fund. Any time there is a change in the Designated Funds, the Contract Value will remain in the previously available Designated Funds. However, if you subsequently submit a transfer request or Purchase Payment, the entire Contract Value must be reallocated only among the Designated Funds then available in compliance with minimum and maximum percentages then specified, in order to keep the optional benefit in force. Any transfer or allocation of Purchase Payments other than among Designated Funds in compliance with the permissible percentage allocations will result in termination of the GLWB, the HAV Death Benefit and the ROP Death Benefit.

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**OPTIONAL LIVING BENEFIT: THE GLWB** 

The GLWB allows you to withdraw a guaranteed amount of money each year, referred to as your Annual Withdrawal Amount or AWA, beginning on your Income Start Date. After the Income Start Date, the AWA payments continue until the death of any Owner if single-life coverage is elected except under spousal continuation, or until the death of both the Owner and the Owner's spouse if joint-life coverage is elected. (See "*Spousal Considerations - GLWB.*") Your right to take withdrawals under the GLWB continues regardless of the investment performance of the Designated Funds, provided that you comply with certain requirements. After your Income Start Date, the amount you can withdraw in any one Contract Year can range from 3.05% to 6.65% of your Withdrawal Benefit Base, depending on whether single- life or joint-life coverage was elected and, on your age, or the younger spouse's age in case of joint-life coverage on the Income Start Date.

The GLWB may not be appropriate for all investors. Before purchasing the GLWB, you should carefully consider the following:

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| |
|:---|
| The GLWB may be ***<u>appropriate</u>*** for you if you are an investor who: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●wants an opportunity for annual income to increase as you grow older. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●wants a guaranteed stream of income for life without annuitizing, beginning on or after your Income <br> Start Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●wants the option of spousal joint-life coverage. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●can defer withdrawals during your early Contract Years to increase your benefit in later years. |
| The GLWB may be ***<u>inappropriate</u>*** for you if you are an investor who: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●anticipates the need for Excess Withdrawals or Early Withdrawals. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●wants to allocate to the Fixed Account or Subaccounts other than Designated Funds. |
| The GLWB is ***<u>inappropriate</u>*** if you are an investor who: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●wants to make additional Purchase Payments after the third Contract Year. |

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You may elect the GLWB, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● all Owners and Annuitants are younger than age 81 on the Issue Date (in the case of a non-natural Owner, all Annuitants are younger than age 81 on the Issue Date); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you limit the allocation of your Purchase Payments and Contract Value to the Designated Funds that we make available with the GLWB.

**If you elect the GLWB, you may make Purchase Payments only during your first three Contract Years. After the third Contract Anniversary, any Purchase Payments you submit will be deemed "not in Good Order" and returned to you.** 

To participate in the GLWB, all of your Contract Value must be invested in one or more of the Designated Funds at all times during the term of the GLWB. (The "term" of the GLWB is for life, unless your Withdrawal Benefit Base is reduced to zero or the GLWB is terminated or cancelled as described under "*Termination of the GLWB*," "*Withdrawals under the GLWB*," and "*Annuitization Under the GLWB*.") The only Subaccounts that currently qualify as Designated Funds are listed in the section entitled "*DESIGNATED FUNDS*."

Under the GLWB, you have the option of choosing between single-life coverage and joint-life coverage. These options are described in greater detail under "*GLWB Covered Person and Joint GLWB Covered Person*."

You may combine the GLWB with either the HAV or ROP Death Benefit. You may not elect the GLWB with an inherited Non-Qualified Contract or beneficiary IRA Contract.

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On the Annuity Income Date, the GLWB, the HAV Death Benefit, and the ROP Death Benefit riders, if elected, automatically terminate.

If you or your spouse (if joint-coverage) has not begun to take AWA payments, the GLWB rider will automatically terminate on the Annuity Income Date, subject to the following terms : (1) if your Contract Value has been reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), and your Withdrawal Benefit Base is greater than zero on the Annuity Income Date, you will receive your full AWA until you die under the AWA Settlement Option; or (2) if your Contract Value and Withdrawal Benefit Base is greater than zero on the Annuity Income Date, you may elect to receive any Annuity Payment Option, which will not be less than the AWA.

**Determining Your Withdrawal Benefit Base** 

On the Issue Date, we set your Withdrawal Benefit Base equal to your initial Purchase Payment. Thereafter, your Withdrawal Benefit Base is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any additional Purchase Payments you make during the first three Contract Years;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any Step-Ups or Bonus Amounts as described under "*How the GLWB Works*;"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased proportionally by any Early Withdrawals you take as described under "*Withdrawals under the GLWB;*" and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased proportionally by any Excess Withdrawals you take as described under "*Withdrawals under the GLWB*."

**Determining Your AWA** 

Your AWA is equal to your Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage. Your AWA is first determined on your Income Start Date and then on each subsequent Contract Anniversary prior to the Annuity Income Date. The Lifetime Withdrawal Percentage is based on the age of the youngest GLWB Covered Person on the Income Start Date and on the date of any subsequent Step-Up, as shown in the table below.

*For Applications Received by Us on and after July 6, 2021:* 

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| | | |
|:---|:---|:---|
| **Age on**<br> **Your Income Start Date and**<br> **any Subsequent Step-Up date\***<br>| **Lifetime Withdrawal Percentage**<br> **Single-Life Coverage**<br>| **Lifetime Withdrawal Percentage**<br> **Joint-Life Coverage**<br>|
| ˂55 | 0.00% | 0.00% |
| 55-59 | 3.50% | 2.85% |
| 60-64 | 3.75% | 3.10% |
| 65-69 | 5.00% | 4.35% |
| 70-74 | 5.00% | 4.35% |
| 75-79 | 5.25% | 4.60% |
| 80-84 | 5.50% | 4.85% |
| 85+ | 5.75% | 5.10% |

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*For Applications Received by Us on and before July 2, 2021 (if the completed application was received within 14 days of signing and the Contract was funded within 60 days of signing):* 

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| | | |
|:---|:---|:---|
| **Age on**<br> **Your Income Start Date and**<br> **any Subsequent Step-Up date\***<br>| **Lifetime Withdrawal Percentage**<br> **Single-Life Coverage**<br>| **Lifetime Withdrawal Percentage**<br> **Joint-Life Coverage**<br>|
| ˂55 | 0.00% | 0.00% |
| 55-59 | 3.65% | 3.05% |

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| | | |
|:---|:---|:---|
| **Age on**<br> **Your Income Start Date and**<br> **any Subsequent Step-Up date\***<br>| **Lifetime Withdrawal Percentage**<br> **Single-Life Coverage**<br>| **Lifetime Withdrawal Percentage**<br> **Joint-Life Coverage**<br>|
| 60-64 | 4.15% | 3.55% |
| 65-74 | 5.30% | 4.70% |
| 75-79 | 5.65% | 5.05% |
| 80-84 | 6.15% | 5.55% |
| 85 + | 6.65% | 6.05% |

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\*

If you elect joint-life coverage, the age ranges are based upon the age of the younger spouse as described under "Joint-Life Coverage."

**The Lifetime Withdrawal Percentages will not vary from the Lifetime Withdrawal Percentages disclosed in the Prospectus. Your Lifetime Withdrawal Percentage will only increase if your age at the time of the Step-Up coincides with a higher percentage as shown in the table above.** (See "*Step-Up Feature*.")

An increase in the Lifetime Withdrawal Percentage due to Step-Up may increase your AWA.

Your AWA equals your Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage. If your Withdrawal Benefit Base changes after your AWA is determined, your AWA will also change. The new AWA will be effective on the next Contract Anniversary and, at that time, will reflect any increases caused by any Purchase Payments or Step-Up during the prior Contract Year and any decreases caused by an Excess Withdrawal (described below) that were taken during the prior Contract Year. The new AWA will be in effect for all subsequent Contract Years, unless and until there is a further change in your Withdrawal Benefit Base.

Your AWA payments must be withdrawn under the AWA automatic withdrawal program. Under the AWA automatic withdrawal program, you will receive your AWA payments monthly. We reserve the right to select the day of the month that the AWA payments occur. We may make other periodic payment schedules available at our discretion.

**How the GLWB Works** 

Beginning on your Income Start Date, you can take withdrawals each Contract Year totaling up to the amount of your AWA, subject to the terms and conditions discussed below. Even if your Contract Value is reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), if your Withdrawal Benefit Base is greater than zero, you can withdraw your AWA every year until you die. **AWAs will decrease your Contract Value and death benefits under the Contract. Early Withdrawals and Excess Withdrawals may significantly decrease, and even terminate, your benefits under the GLWB, including reducing your Contract Value to zero and thereby terminating your Contract without value and the GLWB.(See "*Withdrawals Under the GLWB.*")** 

If you defer taking withdrawals during your early Contract Years, you may potentially take larger withdrawals in later Contract Years. Your AWA is not cumulative: any unused portion of your AWA in any Contract Year expires and cannot be applied to a future Contract Year.

Lifetime payments by us will be made when your Contract Value is depleted. If you take Early Withdrawals or Excess Withdrawals and/or do not satisfy other conditions of the GLWB, the guaranteed benefits of the GLWB will be reduced or eliminated.

**Note also that allocating to a Guarantee Period or to any Subaccount that is not a Designated Fund, will cancel the GLWB. (See "*Termination of the GLWB*.")** 

**Step-Up Feature and Bonus Feature** 

The GLWB provides a Step-Up Feature and a Bonus Feature that may increase the Withdrawal Benefit Base. We will determine eligibility for an increase to the Withdrawal Benefit Base under each of these two features on each Contract Anniversary prior to the Income Start Date. **We will calculate two potential increases to the Withdrawal Benefit Base,** 

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**one under the Step-Up Feature and the other under the Bonus Feature, and then increase the Withdrawal Benefit Base by the higher of the two.** The new Withdrawal Benefit Base will be the greater of: a) the highest adjusted quarterly Contract Value (the "HQ Contract Value") as calculated under the Step-Up Feature; or b) the current Withdrawal Benefit Base plus any Bonus Amount available under the Bonus Feature. **Note that the HQ Contract Value is determined at the end of each Contract Quarter, not each calendar quarter.** 

On the Income Start Date, we will calculate two potential increases to the Withdrawal Benefit Base, one under the Step-Up Feature and the other under the Bonus Feature, and then increase the Withdrawal Benefit Base by the higher of the two. The new Withdrawal Benefit Base will be the greater of: a) the Contract Value; or b) the current Withdrawal Benefit Base increased proportionally by any applicable Bonus Amount to reflect the number of days elapsed since the last Contract Anniversary. The Step-Up Feature continues in effect after the Income Start Date.

After the Income Start Date, we will continue to determine eligibility for a Step-Up on each Contract Anniversary prior to the Annuity Income Date, and at the end of the Valuation Period immediately preceding the Annuity Income Date. The Bonus Feature is not available after the Income Start Date.

Any increase in the Withdrawal Benefit Base is subject to the maximum Withdrawal Benefit Base of $5,000,000. For purposes of determining this limit, the Company reserves the right to aggregate the Withdrawal Benefit Base with the withdrawal benefit bases of all other variable annuity contracts owned by you that have been issued by us or our affiliates.

The Step-Up will be automatic if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Withdrawal Benefit Base is $5,000,000 or less;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your HQ Contract Value is greater than your Withdrawal Benefit Base increased by any applicable Bonus Amount during the Bonus Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The GLWB Fee Rate is not increased after the first Contract Anniversary and on and after any Contract Anniversary thereafter.

The Step-Up will not be automatic if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Contract Value is more than $5,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your HQ Contract Value is less than your Withdrawal Benefit Base (increased by any applicable Bonus Amount during the Bonus Period); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If the GLWB Fee has increased on the second Contract Anniversary and any Contract Anniversary thereafter.

**Step-Up Feature** 

On each Contract Anniversary prior to the Annuity Income Date, we will compare the current Withdrawal Benefit Base to the HQ Contract Value for the Contract Year just ended. The Withdrawal Benefit Base will be eligible for a Step-Up if the HQ Contract Value is higher than the current Withdrawal Benefit Base. If the Step-Up is applied, the Withdrawal Benefit Base will be increased to equal the HQ Contract Value. If the Step-Up is applied prior to the Income Start Date, then a new Bonus Period will start on the Step-Up Date, with a Bonus Base equal to the new Withdrawal Benefit Base.

After the Income Start Date, we will continue to determine whether your Withdrawal Benefit Base is eligible for a Step-Up on each Contract Anniversary until the Annuity Income Date. There are no Bonus Periods after the Income Start Date.

The Step-Up will be applied automatically when there is no Bonus Period in effect. During any Bonus Period, however, the new Withdrawal Benefit Base will be the higher of: a) the HQ Contract Value as calculated under the Step-Up Feature; or b) the current Withdrawal Benefit Base plus the Bonus Amount under the Bonus Feature, as further described below.

To determine the HQ Contract Value for the Contract Year just ended, we first record the Contract Value at the end of each Contract Quarter during the prior Contract Year. We then increase each of these recorded quarter-end Contract Values for

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each Purchase Payment made and decrease them for each withdrawal taken after the end of the applicable Contract Quarter. A withdrawal that is not an Early Withdrawal or an Excess Withdrawal will decrease the recorded quarter-end Contract Values by the amount of the withdrawal. Early Withdrawals and Excess Withdrawals will decrease the recorded quarter-end Contract Values proportionally in the same manner that the Withdrawal Benefit Base is decreased by such withdrawals. After all Purchase Payments and withdrawals are taken into account, the HQ Contract Value is set to the greatest of these four-adjusted quarter-end Contract Values.

If the Income Start Date is not a Contract Anniversary, we will compare the current Withdrawal Benefit Base to the Contract Value. The Withdrawal Benefit Base will then be adjusted to equal the Contract Value, if higher. The adjustment will be applied automatically when there is no Bonus Period in effect. During any Bonus Period, however, the new Withdrawal Benefit Base will be the higher of: a) the Contract Value; or b) the current Withdrawal Benefit Base plus a proportional Bonus Amount to reflect the number of days elapsed since the last Contract Anniversary.

When a Step-Up occurs, your Lifetime Withdrawal Percentage will increase if your age at the time of the Step-Up coincides with a higher Lifetime Withdrawal Percentage as shown in the table under "*Determining Your AWA*."

We reserve the right to increase the GLWB Fee Rate when a Step-Up occurs. Any Step-Up will automatically occur unless a GLWB Fee Rate increase is applicable. If a GLWB Fee Rate increase is applicable, then we will send notice to you. If we receive your written consent to the rate increase prior to the end of the Contract Quarter immediately following the Contract Anniversary, the Step-Up will occur as of the Contract Anniversary. The increased GLWB Fee Rate will be applied on the last day of that Contract Quarter. If your consent is not timely received by us, the GLWB Fee increase will not apply, no Step-Up will occur, and no additional Step-Ups will be permitted.

**The GLWB, including the Step-Up Feature, will terminate automatically on the Annuity Income Date, as described under "*Optional Living Benefit: The GLWB.*"** 

**Bonus Feature** 

On each Contract Anniversary during a Bonus Period, we will calculate a Bonus Amount that may be added to the Withdrawal Benefit Base. The Bonus Amount will be equal to the current Bonus Base multiplied by the Bonus Rate. Your Bonus Rate is 6.25%. On each Contract Anniversary during a Bonus Period, the Withdrawal Benefit Base will be increased by the greater of a Step-Up, if any, as described above, or the Bonus Amount. In the event of a Step-Up, the Bonus Base will also be increased to equal the new Withdrawal Benefit Base, and a new Bonus Period will begin on the Step-Up Date.

**The Bonus Base is not available for withdrawal, full surrender, as a death benefit, or for application to any Annuity Payment Option. After the Income Start Date, the Bonus Base is no longer calculated or maintained for any purpose.** 

On the Issue Date, the Bonus Base is equal to the Withdrawal Benefit Base. During the Bonus Period, the Bonus Base is increased by any additional Purchase Payments and decreased proportionally for any Early Withdrawals in the same manner that the Withdrawal Benefit Base is decreased by such withdrawals. In the event of a Step-Up, the Bonus Base will also be increased to equal the new Withdrawal Benefit Base, and a new Bonus Period will begin on the Step-Up Date.

If the Income Start Date is not a Contract Anniversary, the Withdrawal Benefit Base will be increased to the greater of: a) the Contract Value, as described above; or b) the current Withdrawal Benefit Base plus a proportional Bonus Amount to reflect the number of days elapsed since the last Contract Anniversary.

**The Bonus Feature terminates automatically on the Income Start Date, after the addition of any Bonus Amount to the Withdrawal Benefit Base.** 

Here is an example of how the GLWB works.

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Assume the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You are age 65 when your Contract is issued with a Purchase Payment of $100,000 and you elected the GLWB with single-life coverage. (If you selected joint-life coverage the numbers shown in the example could be different.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Withdrawal Benefit Base and your Bonus Base are equal to your initial Purchase Payment of $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On your Income Start Date, you can withdraw your AWA each Contract Year without reducing your Withdrawal Benefit Base on or after the Income Start Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The investment performance of your Designated Funds equals or offsets Contract expenses, i.e., your Contract Value remains constant throughout the life of your Contract, except for Contract Year 2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● During the Bonus Period, your Withdrawal Benefit Base will increase by your Bonus Amount each Contract Year in the Bonus Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Contract Value has grown to $125,000 by the beginning of Contract Year 3 due to positive investment performance of the Designated Funds. Your Contract is therefore eligible for an automatic Step-Up of its Withdrawal Benefit Base and Bonus Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The GLWB Fee Rate has not increased and therefore an automatic Step-Up will be applied to increase your Withdrawal Benefit Base and your Bonus Base to $125,000. Your new Bonus Base will be $125,000, and your Bonus Period will now end on your 12th Contract Anniversary (*i.e.,* 10 years after the Step-Up).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● No Bonus Amount is applied in Contract Years 13 or 14 as you are not in a Bonus Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Contract Value has grown to $225,000 by the beginning of Contract Year 15 due to positive investment performance of the Designated Funds in Contract Year 14. Your Contract is eligible for an automatic Step-Up of its Withdrawal Benefit Base to $225,000 and a new Bonus Period will begin.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You select your Income Start Date on your 83rd birthday in Contract Year 18. Your Lifetime Withdrawal Percentage is 6.15%. Your AWA will be 6.15% of your Withdrawal Benefit Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● So, you can withdraw $15,567 each Contract Year after the Income Start Date without reducing your Withdrawal Benefit Base.

Your Income Start Date will depend upon your own situation. You should discuss your GLWB with your financial professional.

***All values shown are as of the beginning of the Contract Year.*** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Contract**<br> **Year**<br>| **Contract**<br> **Value**<br>| **Withdrawal**<br> **Benefit Base**<br>| **Bonus Base** | **Annual**<br> **Withdrawal**<br> **Amount**<br>| **Withdrawals** |
| &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $106250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $132813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $140625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $148438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $156250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $164063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| &nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $171875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| 10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $179688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| 11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $187500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| 12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $195313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Contract**<br> **Year**<br>| **Contract**<br> **Value**<br>| **Withdrawal**<br> **Benefit Base**<br>| **Bonus Base** | **Annual**<br> **Withdrawal**<br> **Amount**<br>| **Withdrawals** |
| 13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $203105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| 14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $203105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| 15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| 16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $239063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| 17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $253125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0 |
| 18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $253125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15567 |
| 19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $210015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $253125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15567 |
| 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $195030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $253125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15567 |
| 21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $180045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $253125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15567 |
| 22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $165060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $253125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; n/a | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15567 |

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If a different Bonus Rate applied, the numbers in the above example would be different.

Delaying the Income Start Date has the potential to increase the future AWA due to the Bonus Amounts applied to the Withdrawal Benefit Base during the Bonus Period and the potential for a Step-up. Once you start taking your AWA, delaying or not taking subsequent AWAs will not increase your future AWA because any unused portion of your AWA in any Contract Year cannot increase your AWA in any future Contract Year.

The total amount paid under the GLWB will depend upon the Income Start Date, the age of the GLWB Covered Person(s) on the Income Start Date, the investment performance of the Designated Funds and how long the GLWB Covered Person(s) live(s).

**Withdrawals Under the GLWB** 

While the GLWB is in effect, you may not choose the Designated Funds and the Fixed Accumulation Value in the DCA program, if any, from which a partial withdrawal will be deducted. All withdrawals, including the Free Withdrawal Amount, the RMD Amount and the AWA, will be deducted pro-rata from each Designated Fund and the Fixed Accumulation Value in the DCA program, if any, to which the Contract Value is allocated on the effective date of the withdrawal.

***Withdrawals On or After the Income Start Date*** 

Starting on your Income Start Date and continuing to your Annuity Income Date, you may take withdrawals totaling up to your AWA each Contract Year without reducing your Withdrawal Benefit Base. These withdrawals will reduce your Contract Value by the dollar amount of the withdrawal but will not change your Withdrawal Benefit Base. Withdrawals in any Contract Year are subject to a Withdrawal Charge only to the extent they are in excess of the ***greatest*** of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Free Withdrawal Amount permitted under the Contract (See "*Free Withdrawal Amount*" under "*Withdrawal Charge.*")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your RMD Amount (subject to conditions discussed under "*Tax Issues Under the GLWB*"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your AWA.

***Excess Withdrawals*** 

After the Income Start Date, an Excess Withdrawal is the portion of cumulative withdrawals that exceeds the higher of the AWA and the RMD Amount in any Contract Year. Your Withdrawal Benefit Base and your AWA for each subsequent Contract Year will be reduced by an Excess Withdrawal. **Excess Withdrawals could reduce your Withdrawal Benefit Base by more than the dollar amount of the Excess Withdrawals.** 

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If you take an Excess Withdrawal, your Withdrawal Benefit Base will be reduced according to the following formula:

Your new Withdrawal Benefit Base = A x (1 – (B/C))

Where:

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| | | |
|:---|:---|:---|
| A | = | Your Withdrawal Benefit Base before the Excess Withdrawal. |
| B | = | The amount of the Excess Withdrawal, including any Withdrawal Charge. |
| C | = | Your Contract Value immediately prior to the Excess Withdrawal. |

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Assuming the facts in the example above:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You take two withdrawals in Contract Year 18: a $10,000 withdrawal and then an $8,000 withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your first withdrawal reduces your Contract Value to $215,000. It does not reduce your Withdrawal Benefit Base because it is not in excess of your AWA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your second withdrawal (when combined with the first) is in excess of $15,567, which is the AWA. The amount of the Excess Withdrawal is $2,433 ($18,000-$15,567 = $2,433.)

After your second withdrawal, your Withdrawal Benefit Base will be reduced as follows:

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| | |
|:---|:---|
| Your New Withdrawal Benefit Base | $253,125 x (1 - $2,433/$215,000) |
| Your New Withdrawal Benefit Base | $253,125 x (1 - 0.01132) |
| Your New Withdrawal Benefit Base | $253,125 x (0.98868) |
| Your New Withdrawal Benefit Base | $250261 |

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Beginning on your Contract Anniversary and going forward, your new AWA will be reduced to 6.15% of your new Withdrawal Benefit Base, or $15,391.

**You should be aware that if your Contract Value is less than the Withdrawal Benefit Base at the time an Excess Withdrawal is taken (as in the above example), then your Withdrawal Benefit Base will be reduced by an amount equal to or more than the excess amount withdrawn. Thus, Excess Withdrawals taken in a down market could severely reduce your benefits under the GLWB, including reducing your Contract Value to zero and thereby terminating your Contract and benefits thereunder.** 

***Early Withdrawals*** 

Before the Income Start Date, any withdrawals, including RMD withdrawals and Free Withdrawal Amounts, are Early Withdrawals in any Contract Year. Accordingly, your Withdrawal Benefit Base and your Bonus Base will be reduced by Early Withdrawals. Your Withdrawal Benefit Base and your Bonus Base will be reduced by Early Withdrawals using the following formula:

Your new Bonus Base = A x (1 – (B/C)) <br> Your new Withdrawal Benefit Base = A x (1 – (B/C))

Where:

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| | | |
|:---|:---|:---|
| A | = | Your Bonus Base or Withdrawal Benefit Base before the Early Withdrawal. |
| B | = | The amount of the Early Withdrawal, including any Withdrawal Charge |
| C | = | Your Contract Value immediately prior to the Excess Withdrawal. |

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**Using the facts of the above example,** assume that in Contract Year 9, your Contract Value is $125,000 and you withdraw $10,000. This withdrawal is an Early Withdrawal under the GLWB. This Early Withdrawal reduces your Withdrawal Benefit Base and Bonus Base, if applicable, as follows:

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| | |
|:---|:---|
| Your New Bonus Base = | $125,000 x (1 - $10,000/$125,000) |
| Your New Bonus Base = | $125,000 x (1 - 0.08) |
| Your New Bonus Base = | $125,000 x (0.92) |
| Your New Bonus Base = | $115000 |
| Your New Withdrawal Benefit Base = | $171,875 x (1 - $10,000/$125,000) |
| Your New Withdrawal Benefit Base = | $171,875 x (1 - 0.08) |
| Your New Withdrawal Benefit Base = | $171,875 x (0.92) |
| Your New Withdrawal Benefit Base = | $158125 |

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In the above example, your AWA is not payable because you have not elected your Income Start Date.

**If a different Bonus Rate applied, the numbers shown in the above example would be different.** 

**Early Withdrawals could reduce your Withdrawal Benefit Base by more than the dollar amount of the Early Withdrawals.** 

**Early Withdrawals could severely reduce, and even terminate, your benefits under the GLWB, including reducing your Contract Value to zero and thereby terminating your Contract and all benefits thereunder.** 

**In addition to reducing your benefits under the GLWB, any withdrawal before you reach age 59** <sup>1</sup>**∕2 could result in adverse state and federal tax consequences. You should consult a qualified tax professional for more information.** 

***Depleting Your Contract Value*** 

**If your Contract Value is reduced to zero immediately following an Early Withdrawal or an Excess Withdrawal, then your Withdrawal Benefit Base and the Bonus Base will each also be reduced to zero and your Contract and all benefits thereunder will terminate.** 

If, on the other hand, your Contract Value is reduced to zero through any combination of negative investment performance of the Designated Funds, Contract charges, and withdrawals other than Early Withdrawals or Excess Withdrawals, your Withdrawal Benefit Base will not be reduced, although no further Bonus Amounts or Step-Ups will apply. All rights and benefits under the Contract will terminate except for the right to receive future payments under the GLWB. Regardless of your age on the day the Contract Value is reduced to zero, the GLWB Covered Person or the surviving GLWB Covered Person will be entitled to receive the AWA each year under the AWA settlement option.

**The GLWB Fee** 

The GLWB Fee is deducted from the Contract Value on the last Valuation Period of each Contract Quarter. The GLWB Fee is calculated by multiplying the GLWB Fee Rate by the Withdrawal Benefit Base. The GLWB Fee Rate will not exceed the maximum GLWB Fee Rate of 0.4875% (1.95% annually). If you signed the Application for your Contract before October 27, 2020, the GLWB Fee Rate is 0.30% quarterly (1.20% annually). If you signed the Application for your Contract on or after October 27, 2020, the GLWB Fee Rate is 0.375% quarterly (1.50% annually). On the last day of the final Contract Quarter in any Contract Year, the Withdrawal Benefit Base for the purpose of calculating the GLWB Fee will include any Step-Up or Bonus Amount that is added to the Withdrawal Benefit Base on the Contract Anniversary. The GLWB Fee is deducted pro-rata from each Designated Fund to which the Contract Value is allocated on the last day of each Contract Quarter. If the GLWB terminates on any day except the last day of the Contract Quarter, we will deduct a proportional amount of the GLWB Fee to reflect the time elapsed between the first day of the current Contract Quarter and the day the GLWB terminates. After the GLWB is terminated, the GLWB Fee is also terminated.

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The Company reserves the right to increase the GLWB Fee Rate. (See "*Step-Up Feature*.")

Your GLWB Fee will not change during a Contract Year, unless you take one of the following specific actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make additional Purchase Payments during the Contract Year, you will increase your Withdrawal Benefit Base and thus your GLWB Fee, because your GLWB Fee is calculated as a percentage of your Withdrawal Benefit Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an Early Withdrawal or an Excess Withdrawal, you will decrease your Withdrawal Benefit Base and thus your GLWB Fee, because your GLWB Fee is calculated as a percentage of your Withdrawal Benefit Base.

We will continue to deduct the GLWB Fee until the earliest of your Annuity Income Date, the date on which your Contract Value reduces to zero, or your GLWB is terminated. (See "*Termination of the GLWB*.") **The GLWB Fee will not vary from the GLWB Fee disclosed in the Prospectus.** 

**GLWB Covered Person and Joint GLWB Covered Person** 

Eligibility to be the GLWB Covered Person or Joint GLWB Covered Person and elect joint-life coverage is based on the Contract's ownership on the Income Start Date.

An Owner that is not a natural person must name an Annuitant as the GLWB Covered Person for single-life coverage. To elect joint-life coverage:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Annuitant(s) must be the GLWB Covered Person or the Joint GLWB Covered Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The GLWB Covered Person and the Joint GLWB Covered Person must be spouses recognized as such under federal tax laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The GLWB Covered Person will be the younger of the spouses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Annuitant's spouse must be the sole Beneficiary under the Contract.

An individual Owner who is a natural person must also be the GLWB Covered Person if he or she elects single-life coverage.

If an individual Owner elects joint-life coverage:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The GLWB Covered Person and the Joint GLWB Covered Person must be spouses recognized as such under federal tax laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Owner must be either the GLWB Covered Person or the Joint GLWB Covered Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The GLWB Covered Person will be the younger of the spouses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Owner's spouse must be the sole Beneficiary under the Contract.

The Contract may have two Owners who are spouses recognized as such under federal tax laws. In this circumstance, the two Owners may elect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Single-life coverage with the younger Owner named as the GLWB Covered Person; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Joint-life coverage with the younger Owner as the GLWB Covered Person and the other Owner as the Joint GLWB Covered Person.

**Since the younger spouse must be at least age 55 on the Income Start Date, you should carefully consider whether joint-life coverage is an appropriate choice in light of the possibility of a longer waiting period before withdrawals under the GLWB can be made.** 

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If the Owner is not a natural person and the Annuitant marries prior to the Income Start Date, then subject to our approval, the Annuitant's spouse may be added to the Contract as an Annuitant and may then be eligible to be a GLWB Covered Person or Joint GLWB Covered Person. If the Owner is a natural person and the Owner marries prior to the Income Start Date, the Owner's spouse may be added to the Contract as an Owner, as an Owner and Annuitant, or as the sole Beneficiary, and will then be a GLWB Covered Person or Joint GLWB Covered Person.

**Effect of Divorce on the GLWB** 

The divorce of an Owner may affect the status of the GLWB.

Prior to the Income Start Date:

If divorce occurs prior to the Income Start Date, then the GLWB will be available with single-life coverage based on the GLWB Covered Person on the Income Start Date. If the Owner subsequently remarries, the GLWB will also be available with joint-life coverage based on the GLWB Covered Person and the Joint GLWB Covered Person on the Income Start Date

On or after the Income Start Date with single-life coverage:

If divorce occurs on or after the Income Start Date, the GLWB will remain in force as long as the GLWB Covered Person remains an Owner of the Contract and all other GLWB requirements continue to be met.

On or after the Income Start Date with joint-life coverage:

If divorce occurs on or after the Income Start Date and the GLWB Covered Person and Joint GLWB Covered Person are no longer spouses, the GLWB will remain in force with single-life coverage as long as the GLWB Covered Person or Joint GLWB Covered Person remains an Owner of the Contract and all other GLWB requirements, such as the minimum and maximum allocation requirements for each Designated Fund category, continue to be met. The Lifetime Withdrawal Percentage will not change and the GLWB will terminate upon the death of any Owner.

You may remove an Owner from the Contract upon divorce. If an Owner is removed, the remaining/new Owner becomes the GLWB Covered Person. The Lifetime Withdrawal Percentage will not change and the GLWB will terminate upon the death of the Owner.

Division of the Contract:

In the event of a divorce, if there is a court order, property settlement agreement or other document requiring the division, transfer, or split of the Contract, such division, transfer, or split will be considered a withdrawal for all purposes under the Contract and as such may adversely affect the benefits available under the GLWB. If the withdrawal occurs prior to the Income Start Date, it will be considered an Early Withdrawal. If the withdrawal occurs on or after the Income Start Date and exceeds the AWA, the amount of the excess will be considered an Excess Withdrawal.

**Death of Owner** 

The GLWB terminates on the Death Benefit Date unless:

An Owner dies before the Income Start Date and the surviving spouse, as sole Beneficiary under the Contract, elects to continue the GLWB along with the Contract instead of receiving the death benefit proceeds.

If an Owner who is the GLWB Covered Person or Joint GLWB Covered Person dies after the Income Start Date, and joint-life income was elected, then the spouse, as sole Beneficiary under the Contract, can continue the GLWB and the Contract and continue to receive the AWA for the rest of his or her life.

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If the Owner is not a natural person, the death of an Annuitant is treated as the death of the Owner. In this case, if the Contract is eligible for spousal continuation under federal tax laws, then the GLWB may continue as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. If an Annuitant dies before the Income Start Date, the surviving spouse may continue the GLWB along with the Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. If an Annuitant who is the GLWB Covered Person or Joint GLWB Covered Person dies after the Income Start Date, and joint-life income was elected, then the surviving spouse can continue the GLWB and the Contract and continue to receive the AWA for the rest of his or her life.

In order to ensure that the AWA continues after the death of an Owner, you must elect a joint-life coverage on the Income Start Date and the GLWB Covered Person and the Joint GLWB Covered Person must be spouses to preserve the availability of the GLWB after the death of an Owner. In addition, the spouses must be joint Owners, or the spouse of the Owner must be the sole Beneficiary.

The right to continue the GLWB upon spousal continuation of the Contract may be exercised only once. If the surviving spouse remarries and then dies, the Contract may be continued by the spouse if he or she is the sole Beneficiary, but the GLWB may not be continued.

**Spousal Considerations - GLWB** 

***Death of the GLWB Covered Person with Single-Life Coverage*** 

If you elect single-life coverage on the Income Start Date, the GLWB terminates on the death of the GLWB Covered Person and the Beneficiary may elect to exercise any of the available options under the death benefit provisions of the Contract.

**Note that single-life coverage may be inappropriate for Joint Owners that are spouses, because the GLWB will end if the GLWB Covered Person dies after the Income Start Date. Note also that Beneficiaries who are not spouses cannot continue the Contract or the GLWB under the Contract. (See** "*Spousal Considerations - GLWB.*")

***Death of the GLWB Covered Person with Joint-Life Coverage*** 

**We do not permit the election of the joint-life coverage unless the GLWB Covered Persons are spouses recognized as such under federal tax laws on the Income Start Date.** 

If you elect joint-life coverage on the Income Start Date and a spouse dies, the GLWB will continue, provided that the surviving spouse, as the sole primary Beneficiary, continues the Contract. In such case:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● No death benefit will be paid until the surviving spouse's subsequent death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Withdrawal Benefit Base and the Bonus Base will remain unchanged (in the absence of subsequent Purchase Payments during the first three Contract Years and Withdrawals) until the next Contract Anniversary when a Step-Up could apply due to an increase in Contract Value (See "Step-Up Feature.");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If AWA withdrawals have not begun before the spouse dies, the Lifetime Withdrawal Percentage will be based on the age the younger spouse attains (or would have attained) on the Income Start Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If AWA withdrawals under the GLWB have already begun, the Lifetime Withdrawal Percentage will be the Lifetime Withdrawal Percentage that applied to the Contract prior to the death of the spouse.

At the death of the surviving spouse, the GLWB will terminate.

If you selected joint-life coverage and your surviving spouse does not continue the Contract, he or she may elect any available option under the death benefit provisions of the Contract.

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**Annuitization Under the GLWB** 

Under the terms of the GLWB, if your Contract Value is greater than zero on your Annuity Income Date, you may elect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) to surrender your Contract and receive your Surrender Value, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) to apply your Contract Value, less any applicable premium taxes and similar taxes, to anyone of the then currently available Annuity Payment Options, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the AWA settlement option.

If you make no election and you elected single-life coverage, we will apply your Contract Value, less any applicable premium tax or similar tax, to a Life Annuity with a 10-Year Period Certain with an annualized annuity payment of not less than your then current AWA. If joint-life coverage is in effect, we will annuitize your remaining Contract Value with joint-life coverage and an annualized annuity payment of not less than your then current AWA.

If your Contract Value has been reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), and your Withdrawal Benefit Base is greater than zero on or before your Annuity Income Date, you will receive your full AWA until you die under the AWA Settlement Option. (See "*Withdrawals under the GLWB*" and "*Annuitization under the GLWB.*") "*Depleting Your Contract Value*" and "*AWA Settlement Option.*"

***AWA Settlement Option*** 

You may elect the AWA settlement option after the Income Start Date and prior to the Maximum Annuity Income Date.

At the end of the Valuation Period immediately preceding the Annuity Income Date, if the Contract Value is higher than the Withdrawal Benefit Base, the Withdrawal Benefit Base will then be adjusted to equal the higher Contract Value. The payments under the AWA settlement option will then be calculated based on the higher Withdrawal Benefit Base.

The AWA settlement option will be applied automatically if your Contract Value is reduced to zero prior to the Annuity Income Date for any reason other than an Early Withdrawal or an Excess Withdrawal. In that event, all rights and benefits under the Contract will terminate except for the right to receive future payments under the AWA settlement option.

In either case, any remaining AWA payments for the current Contract Year will be distributed as a lump sum. The AWA settlement option will then go into effect on the next Contract Anniversary, and we will convert your right to withdraw the AWA into automatic monthly payments.

The AWA settlement option provides automatic monthly payments equal to the most-recently calculated AWA divided by 12 for each Contract Year during the life of the GLWB Covered Person or, if joint-life coverage has been elected, for the lifetime of the last survivor of the GLWB Covered Person and the Joint GLWB Covered Person.

Payments under the AWA settlement option will only be made monthly. We will not accept any additional Purchase Payments after the AWA settlement option goes into effect.

**Termination of the GLWB** 

The GLWB will terminate immediately upon the occurrence of the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The date we approve your request to terminate the GLWB;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The date of any transfer or allocation of Purchase Payments other than to Designated Funds in accordance with the permissible percentage allocations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The date the Withdrawal Benefit Base is reduced to zero as a result of an Early Withdrawal or Excess Withdrawal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● An ownership change that has the effect of changing the GLWB Covered Person(s) except as described above in the "Effect of Divorce on the GLWB" and "Death of Owner" provisions;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Annuity Income Date\*; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Termination of the Contract.

\*

Note that the Maximum Annuity Income Date permitted under the Contract is the first day of the month following the Annuitant's 100th birthday. (See "*Your Annuity Income Date.*")

**Tax Issues Under the GLWB** 

Certain state and federal tax provisions may be important to you in connection with the GLWB. It is not clear whether withdrawals after the Income Start Date while the Contract Value is greater than zero will be taxed as withdrawals or as annuity payments. This is significant for Non-Qualified Contracts because withdrawals are taxed less favorably than are annuity payments. In view of this uncertainty, we intend to adopt a conservative approach and treat such payments as withdrawals for tax purposes. We intend to treat payments under the GLWB after the Contract Value is zero as annuity payments for tax purposes.

A Qualified Contract other than a Roth IRA is subject to certain required minimum distribution (RMD) provisions imposed by the Code and IRS regulations. These RMD provisions require that an amount be distributed from your IRA each year. Your failure to withdraw your yearly RMD Amount from your IRA could result in adverse tax treatment. We determine a yearly RMD Amount for your Contract only, and not for your other tax-qualified investments. We will notify you of the RMD Amount for your Contract in January of each year. See "*Required Minimum Distributions*", "*Lifetime Distribution Rules*".

After the Income Start Date, the GLWB permits you to withdraw your RMD Amount each year without reducing your Withdrawal Benefit Base. RMD Amounts withdrawn prior to the Income Start Date are considered Early Withdrawals that will reduce the Withdrawal Benefit Base and the Bonus Base proportionally as the RMD Amounts reduce the Contract Value dollar-for-dollar.

Currently, any withdrawal in excess of the AWA that is taken to satisfy the RMD Amounts will not be treated as an Excess Withdrawal if the withdrawal is taken after the Income Start Date. **However, if there is any material change to the current Code or IRS regulations governing the timing or determination of RMD Amounts, then we reserve the right to treat any withdrawal greater than the AWA as an Excess Withdrawal which may significantly reduce the Withdrawal Benefit Base.** (See "*U.S. Federal Income Tax Provisions*.")

**DEATH BENEFIT** 

If you die during the Accumulation Phase, we may pay a death benefit to the designated Beneficiary(ies). If there is more than one Owner, we may pay a death benefit upon the death of the first Owner. If the Owner is not a natural person, the Annuitant is considered the Owner for the purpose of this death benefit provision.

If the death of the Owner occurs on or after the Annuity Income Date, no death benefit will be payable except as may be provided under the Annuity Payment Option elected, subject to requirements under federal tax laws.

If your surviving spouse is the sole designated Beneficiary and elects to continue the Contract in his or her own name as Owner, the death benefit will be payable only upon your surviving spouse's subsequent death.

To be a Beneficiary, a natural person Beneficiary must be alive on the date of death of the Owner (or the Annuitant if the Owner is not a natural person). If there are multiple beneficiaries, the designated Beneficiary is determined according to the order below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. the surviving Owner, if a natural person, then

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the primary Beneficiary(ies), then

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. the contingent Beneficiary(ies), and then

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. the Owner's estate or the Owner if the Owner is not a natural person.

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Multiple Beneficiaries in the same class (primary or contingent) share equally unless you direct otherwise. However, if a natural person Beneficiary is not alive and there are other Beneficiaries in the same class that are alive, the death benefit will be shared among the other Beneficiaries of the same class unless you instruct us otherwise.

Each Beneficiary's share of the death benefit will remain allocated in accordance with the allocations you made until the Valuation Period in which we receive Due Proof of Death from that Beneficiary, except that any Contract Value allocated to the Fixed Account will be re-allocated to a money market Subaccount on the Death Benefit Date. Each Beneficiary's share of the death benefit is subject to, and will change in value based upon, the investment experience of the Subaccounts to which the Beneficiary's share is allocated. Once we have received Due Proof of Death, then investments in the Variable Account may be reallocated in accordance with the Beneficiary's instructions.

**Amount of the Death Benefit** 

We calculate the amount of the death benefit on the Death Benefit Date, which is the first date we receive Due Proof of Death from at least one Beneficiary. On the Death Benefit Date, the basic death benefit is equal to the Contract Value.

**Optional Death Benefits** 

You may enhance the basic death benefit by electing one of the two optional death benefits: the HAV Death Benefit or the ROP Death Benefit. You must make your election on or before the Issue Date. You will pay a charge for the optional death benefit. (See "*Charges for the Optional Death Benefits*.") The HAV Death Benefit or the ROP Death Benefit may be elected only if all Owners and Annuitants are younger than age 71 on the Open Date. You may not elect an optional death benefit after the Issue Date. The optional death benefit will be adjusted for all partial withdrawals as described below.

***HAV Death Benefit*** 

Under the HAV Death Benefit the death benefit will be the higher of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Contract Value on the Death Benefit Date, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the HAV Value which is the higher of (i) the total Purchase Payments, adjusted as described below for any partial withdrawals; and (ii) the highest Contract Value on any Contract Anniversary before the HAV Covered Person's 81st birthday, adjusted as described below for any Purchase Payments and any partial withdrawals made between such Contract Anniversary and the Death Benefit Date.

The HAV Covered Person is the oldest Owner, or the oldest Annuitant if the Owner is not a natural person, on the Issue Date, unless the surviving spouse continues the Contract as the new HAV Covered Person.

If the HAV Value is higher than the Contract Value as of the Death Benefit Date, the Company will allocate an additional amount equal to the difference between the Contract Value and the HAV Value to the Subaccounts based on their respective values as of the Death Benefit Date except in the case of spousal continuation.

If any Purchase Payments are made after the highest Contract Value has been determined but before the Owner's death, then the total Purchase Payments used to calculate the HAV Value will be increased by the amount of each Purchase Payment on the date it is received.

***HAV Death Benefit Example (With No Withdrawals):*** 

Assume:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You elected the HAV Death Benefit

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● An initial Purchase Payment of $60,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The HAV Covered Person, the oldest Owner, is age 65 on the Open Date.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● An additional Purchase Payment of $40,000 is made on the first Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● No withdrawals are taken during Contract Years 1-8.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Owner dies in Contract Year 9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Contract Value on the Death Benefit Date is $135,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The adjusted Purchase Payment value on the Death Benefit Date is $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The highest Contract Value is $145,000 as determined on the eighth Contract Anniversary. The additional Purchase Payment of $40,000 is made on any Contract Anniversary before the highest Contract Value is determined.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● There is no additional Purchase Payment after the highest anniversary Contract Value is determined. So, there will be no adjustment to the total Purchase Payments for any subsequent Purchase Payment.

The Death Benefit Amount will be the greatest of:

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| | |
|:---|:---|
| Contract Value on the Death Benefit Date | $135000 |
| Total Purchase Payments, adjusted for partial withdrawals | $100000 |
| Highest Contract Value on any Contract Anniversary | $145000 |
| The HAV Death Benefit Payable to the Beneficiary (ies) | $145000 |

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***ROP Death Benefit*** 

Under the ROP Death Benefit, the death benefit will be the higher of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Contract Value; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The ROP Value which is total Purchase Payments; adjusted as described below for any partial withdrawals.

If the ROP Value is higher than the Contract Value as of the Death Benefit Date, the Company will allocate an additional amount equal to the difference between the Contract Value and the ROP Value to the Subaccounts based on their respective values as of the Death Benefit Date except in the case of spousal continuation.

***ROP Death Benefit Example (With No Withdrawals):*** 

Assume:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You elected the ROP Death Benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● An initial Purchase Payment of $60,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The ROP Covered Person, the oldest Owner, is age 65 on the Open Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● An additional Purchase Payment of $40,000 is made on the first Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● No withdrawals are taken during Contract Years 1-8.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Owner dies in Contract Year 9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Contract Value on the Death Benefit Date is $70,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The ROP Value is the adjusted Purchase Payments of $100,000.

The Death Benefit Amount will be the greatest of:

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| | |
|:---|:---|
| Contract Value | $70000 |
| Total Purchase Payments, adjusted for partial withdrawals | $100000 |
| The ROP Death Benefit Payable to the Beneficiary(ies) | $100000 |

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***Impact of Partial Withdrawals under the Optional Death Benefits*** 

If any partial withdrawals are made, each partial withdrawal will reduce the value of your optional death benefit in the same proportion as the Contract Value is reduced by the partial withdrawal. The reduction in the value of your optional death benefit may be more than the amount of the partial withdrawal.

A partial withdrawal will reduce the value of your optional death benefit such that the value of your optional death benefit after the withdrawal is equal to:

*A x (1 – (B/C))* 

*Where:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● A is the value of the optional death benefit before the partial withdrawal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● B is the amount of the partial withdrawal including any Withdrawal Charge; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● C is the Contract Value before the partial withdrawal.

While the optional death benefit is in effect, you may not choose the Designated Funds from which the partial withdrawal will be deducted. All withdrawals will be deducted pro-rata from each Designated Fund to which the Contract Value is allocated on the effective date of the withdrawal.

***HAV Death Benefit Example (With Withdrawals):*** 

Assume:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You elected the HAV Death Benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● An initial Purchase Payment of $60,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Owner is the HAV Covered Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The HAV Covered Person is age 65 on the Open Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● An additional Purchase Payment of $40,000 is made on the first Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● At the end of Contract Year 5, the Contract Value is $150,000, the HAV Value is $175,000 and the total Purchase Payments are $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On the first day of Contract Year 6, you take a $30,000 withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Immediately following the withdrawal, the Contract Value is $120,000, the adjusted Purchase Payment value is $80,000\*, and the HAV Value is $140,000\*\*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● There were no Step-Ups in Contract Years 7-9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Owner dies in Contract Year 9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Contract Value on the Death Benefit Date is $90,000 and the values of the adjusted Purchase Payments and HAV remain $80,000 and $140,000 respectively.

The Death Benefit Amount will be the greatest of:

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| | |
|:---|:---|
| Contract Value | $90000 |
| Total Purchase Payments, adjusted for partial withdrawals\* | $80000 |
| Highest Contract Value on any Contract Anniversary\*\* | $140000 |
| The Death Benefit Amount would therefore | $140000 |

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***ROP Death Benefit Example (With Withdrawals):*** 

Assume:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You elected the ROP Death Benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● An initial Purchase Payment of $60,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Owner is the ROP Covered Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The ROP Covered Person is age 65 on the Open Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Additional Purchase Payment of $40,000 is made on the first Contract Anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Contract Value grows to $150,000 during Contract Years 1-8.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You take a withdrawal of $30,000 in Contract Year 9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Owner dies in Contract Year 9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Contract Value on the Death Benefit Date is $90,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The ROP Value is the adjusted Purchase Payments of $80,000.

The Death Benefit Amount will be the greatest of:

---

| | |
|:---|:---|
| Contract Value | $90000 |
| Total of Purchase Payments, adjusted for partial withdrawals\*\*\* | $80000 |
| The ROP Death Benefit Amount Payable to the Beneficiary (ies) | $90000 |

---

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\*

The total Purchase Payments adjusted for the partial withdrawals is calculated as follows: Purchase Payments before withdrawal x (1 – withdrawal amount ÷ Contract Value prior to withdrawal) = $100,000 x [(1 – ($30,000 ÷ $150,000)] = $80,000.

\*\*

The HAV Value adjusted for the partial withdrawal is calculated as follows: HAV Value prior to withdrawal x (1 – withdrawal amount ÷ Contract Value prior to withdrawal) = $175,000 x [(1 – ($30,000 ÷ $150,000)] = $140,000.

\*\*\*

Purchase Payments adjusted for partial withdrawals are calculated as follows: Purchase Payments x (1 – withdrawal amount ÷ Contract Value prior to withdrawal) = $100,000 x [(1 – ($30,000 ÷ $150,000)] = $80,000.

**Spousal Considerations - Death Benefit** 

If your spouse is the sole Beneficiary, upon your death, your spouse may elect to continue the Contract by becoming the new Owner rather than receive the death benefit. If an optional death benefit is in effect, your surviving spouse may elect to continue the optional death benefit as the HAV Covered Person or the ROP Covered Person. In this case, the value of the HAV Death Benefit or ROP Death Benefit will be set to equal its value on the Death Benefit Date. Thereafter, the value of the HAV Death Benefit or ROP Death Benefit may change, depending upon your surviving spouse's age and whether additional purchase payments and withdrawals are made.

The right to spousal continuance may be exercised only once for the optional death benefits. If the surviving spouse remarries and then dies, the optional death benefit cannot be continued.

**Method of Paying Death Benefit** 

The death benefit may be paid in a single cash payment or as an annuity, under a fixed Annuity Payment Option or under any other payment option we may make available, subject to requirements under federal tax laws. We describe the fixed Annuity Payment Options in this Prospectus under "*THE INCOME PHASE - ANNUITIZATION PROVISIONS*."

During the Accumulation Phase, you may elect the method of payment (that is permitted under federal tax laws) for the death benefit by sending us at our Service Address a completed election form, which we will provide. If no such election is in effect on the date of your death, the Beneficiary may elect either a single cash payment or an annuity, subject to requirements under federal tax laws. If the Beneficiary does not provide all documents and information required by us to begin annuity payments within the time period permitted under the Code, or if the predetermined payout option does not

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comply with federal tax laws, the predetermined payout option will no longer apply. If the Beneficiary is your surviving spouse, the Beneficiary may elect to continue the Contract. This election is made by sending us written notice in a form acceptable to us.

If we pay the death benefit in the form of a fixed Annuity Payment Option, the Beneficiary becomes the Annuitant/Payee under the terms of that Annuity Payment Option.

**Payment of Death Benefit** 

If the death benefit is to be paid to a Beneficiary in a lump sum, we will make such payment within seven days of the date the Company receives Due Proof of Death from that Beneficiary, except if we are permitted to defer payment in accordance with the 1940 Act. (See "*Deferral of Payments and Transfers*.")

If payment is not made to the Beneficiary within seven days as described above, interest will be added as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) beginning on the eighth day, interest shall accrue at the rate or rates applicable to the Contract for funds left on deposit with the Company or, if the Company has not established a rate for funds left on deposit, at the Two-Year Treasury Constant Maturity Rate as published by the Federal Reserve. In determining the effective annual rate or rates, the Company shall use the rate in effect on the date that the Company receives Due Proof of Death; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) additional interest at a rate of 10% annually shall begin accruing 31 days from the latest of (i), and (ii), where: (i) is the date that Due Proof of Death from the applicable Beneficiary was received by the Company, and (ii) is the date that legal impediments to payment of proceeds that depend on the action of parties other than the Company are resolved and sufficient evidence of the same is received by the Company. Legal impediments to payment include, but are not limited to (a) the establishment of guardianships and conservatorships; (b) the appointment and qualification of trustees, executors and administrators; and (c) the submission of information required to satisfy state and federal reporting requirements.

Certain states may require a different interest calculation. (See "*APPENDIX C - STATE LAW VARIATIONS*.")

If settlement under an Annuity Payment Option is elected, the Annuity Income Date will be the first Valuation Period following the Death Benefit Date. We will maintain the Contract Value in the Accumulation Phase until the Annuity Income Date. However, if the amount to be applied under the Annuity Payment Option is less than $2,000, or if the modal annuity payment payable in accordance with such option is less than the $100, we will pay the death benefit to the Beneficiary in a single lump sum.

**Qualified Contracts** 

If your Contract is a Qualified Contract, the following rules apply to the payment of the death benefit:

The death benefit may be (1) taken as an immediate lump sum, (2) deferred for any period up to December 31st of the calendar year containing the tenth anniversary of your death (if you die after your required beginning date (RBD) for required minimum distributions, distributions must continue to be taken each calendar year after your death until the entire interest in the contract is distributed), or (3) taken in the form of an annuity over a period that does not extend beyond December 31st of the calendar year containing the tenth anniversary of your death. Different distribution rules will apply to a beneficiary that is not an individual.

If, on the date of your death, the Beneficiary is not more than ten years younger than you or is "disabled" or "chronically ill" as either of those terms is defined under Federal Tax Laws, restriction (3) above does not apply and the death benefit may also be taken in the form of an annuity over the Beneficiary's lifetime or life expectancy (if the you die before the RBD) or your life expectancy if you die after your RBD. In all events, annuity payments must end by December 31<sup>st</sup> of the calendar year containing the tenth anniversary of the Beneficiary's death.

If the sole Beneficiary is your surviving spouse, the Beneficiary may also elect to continue the Contract. This election is made by sending us written notice in a form acceptable to us. If we do not receive the Beneficiary's election within 60 days

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after we receive Due Proof of Death, the Beneficiary shall be deemed to have elected to defer receipt of payment under any death benefit option until a written election is submitted to the Company or a distribution is required by law. In certain circumstances, your surviving spouse may have to take a hypothetical RMD before continuing the Contract as their own.

If the Beneficiary is your child and under age 21 on the date of your death, the Beneficiary's interest must be distributed by December 31<sup>st</sup> of the year the Beneficiary reaches age 31. Alternatively, the Beneficiary may take the death benefit in the form of an annuity over a period that does not extend beyond December 31<sup>st</sup> of the year the Beneficiary reaches age 31 (or by December 31<sup>st</sup> of the calendar year containing the tenth anniversary of the Beneficiary's death, if earlier).

**Non-Qualified Contracts** 

If your Contract is a Non-Qualified Contract, special distribution rules apply to the payment of the death benefit under the Code ("NQ Distribution Rules"). The amount of the death benefit must be distributed either (1) as a lump sum within five years after your death, or (2) in the form of an annuity, over a period not greater than the life or expected life of the "designated beneficiary" within the meaning of Section 72(s) of the Code, with payments beginning no later than one year after your death.

The natural person you have named as Beneficiary under your Contract, if any, will be the "designated Beneficiary." If the named Beneficiary is not living and no contingent beneficiary has been named, the surviving Participant, if any, or the estate of the deceased Participant automatically becomes the Beneficiary.

If the designated Beneficiary is your surviving spouse, your spouse may continue the Contract as Owner. The NQ Distribution Rules will then apply on the death of your spouse if the surviving spouse does not remarry. To understand what happens when your spouse continues the Contract, see "*Spousal Considerations - GLWB*" and "*Spousal Considerations - Death Benefit*."

During the Income Phase, if the Owner or Annuitant dies, the remaining value of the fixed Annuity Payment Option in place must be distributed at least as rapidly as the method of distribution under that Annuity Payment Option.

If the Owner is not a natural person, the NQ Distribution Rules apply upon the death or removal of any Annuitant.

Payments made in contravention of the NQ Distribution Rules would adversely affect the treatment of the Contracts as annuity contracts under the Code. Neither you nor the Beneficiary may exercise rights that would have that effect.

**Selection and Change of Beneficiary** 

You select your Beneficiary in your Application. Subject to the rights of an irrevocable Beneficiary, you may change or revoke the Beneficiary designation. A change of Beneficiary will not be binding on us until we receive written notification, in Good Order. When we receive such notification and it is in Good Order, the change will be effective as of the date on which the request for change was signed by the Owner, but the change will be without prejudice to us on account of any payment we make or any action we take before receiving the request.

Every state has unclaimed property laws which generally declare annuity contracts to be abandoned after a period of inactivity of three to five years from the Contract's Annuity Income Date or the date the death benefit is due and payable. For example, if the payment of a death benefit has been triggered, but, if after a thorough search, we are still unable to locate a Beneficiary, or a Beneficiary does not come forward to claim the death benefit in a timely manner, the death benefit will be paid to the abandoned property division or unclaimed property office of the state in which you or the Beneficiary last resided, as shown on our books and records, or to our state of domicile. This "escheatment" is revocable, however, and the state is obligated to pay the death benefit if a Beneficiary steps forward to claim it with the proper documentation. To prevent such escheatment, it is important that you update your Beneficiary designations, including full names and complete contact information, if and as they change.

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**THE INCOME PHASE - ANNUITIZATION PROVISIONS** 

During the Accumulation Phase, you may at any time elect an Annuity Income Date to begin receiving payments under any available fixed Annuity Payment Option, subject to certain restrictions as described below. The Income Phase of your Contract begins on the Annuity Income Date. On that date, we apply your Contract Value, less any applicable premium tax or similar tax, to the fixed Annuity Payment Option you have selected, and we make the first annuity payment.

Once the Income Phase begins, no lump sum settlement option or cash withdrawals are permitted, except pursuant to fixed Annuity Payment Option 3, Payments for a Specified Period Certain, as described under "Fixed Annuity Payment Options," and you cannot change the fixed Annuity Payment Option selected. You may request a full withdrawal before the Annuity Income Date, which will be subject to all charges applicable to withdrawals. (See "*Withdrawal Charge*.")

**Once annuity payments start under a Fixed Annuity Payment Option, it may be necessary to modify those payments following the Annuitant's death if your Contract is a Qualified Contract.** 

**Selection of Annuitant(s)** 

You select the Annuitant(s) in your Application. The Annuitant is the person who receives annuity payments during the Income Phase and on whose life annuity payments involving life contingencies are based. If you name someone other than yourself as Annuitant and the Annuitant dies before the Income Phase, you become the Annuitant. In the case of joint Annuitants, if either Annuitant dies prior to the Annuity Income Date, the surviving Annuitant will become the sole Annuitant. The Annuitant becomes the Payee on the Annuity Income Date.

When a fixed Annuity Payment Option has been selected as the method of paying the death benefit, the Beneficiary is the Payee of the annuity payments.

**Your Annuity Income Date** 

The following restrictions apply to the Annuity Income Date you may select:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The earliest possible Annuity Income Date is the first Contract Anniversary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Maximum Annuity Income Date is the first day of the month following the Contract Anniversary after the Annuitant's 100th birthday and, if there is a joint Annuitant, the youngest Annuitant's 100th birthday, unless otherwise restricted, in the case of a Qualified Contract, by the particular retirement plan or by applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● We must receive your selection, in Good Order, at least 30 days before the requested Annuity Income Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Any request to change the Annuity Income Date must be received at least 30 days before the current Annuity Income Date.

If you do not select otherwise, your Annuity Income Date will be the Maximum Annuity Income Date.

Your retirement plan or applicable law may also restrict your ability to defer receiving income from your Contract.

**Fixed Annuity Payment Options** 

You may select a fixed Annuity Payment Option, which you may change during the Accumulation Phase, as long as we receive your selection or change in writing at least 30 days before the Annuity Income Date. If we have not received your written selection on the 30th day before the Annuity Income Date, the Annuitant will receive fixed Annuity Payment Option 2, for a life annuity with 120 monthly payments certain (10 Years). There may be additional limitations on the Annuity Payment Option you may elect under your particular retirement plan or applicable law.

We offer the following fixed Annuity Payment Options for payments during the Income Phase. We may also agree to other settlement options, at our discretion.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***1. Single-Life Annuity*** 

We provide payments during the lifetime of the Annuitant. Annuity payments stop when the Annuitant dies. There is no provision for continuation of any payments to a Beneficiary. Note that if the Annuitant dies prior to the end of the first month after the Annuity Income Date, only one annuity payment will be made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2. Life Annuity with Period Certain*** 

We make payments during the longer of the Annuitant's lifetime, or a selected period of no less than five (5) years and no more than thirty (30) years. In addition, we guarantee that the Beneficiary will receive payments for the remainder of the period certain, if the Annuitant dies during that period, unless the Beneficiary elects to receive the discounted value of the remaining payments in one sum. The selection of a longer period results in smaller payments. If no Beneficiary is designated, we pay the discounted value of any remaining payments in one lump sum to the Annuitant's estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3. Period Certain*** 

We make payments for a specified period of time you select from ten (10) to thirty (30) years. The longer the period you select, the smaller the payments will be. The payment period may not exceed the Annuitant's life expectancy. If the Annuitant dies before the end of the period selected, payments will continue to the Beneficiary until the end of the period unless the Beneficiary elects to receive the discounted value of the remaining payments in one sum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***4. Joint and Survivor Annuity*** 

We make payments while the Annuitant and the joint Annuitant are alive. After the death of one of the Annuitants, we will continue to make payments for the lifetime of the surviving Annuitant. Annuity payments stop when the surviving Annuitant dies.

If your Contract is a Qualified Contract, this Annuity Option is available only if the Annuitant and the joint Annuitant are spouses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5. Joint and Survivor Annuity with a Period Certain*** 

We make payments for the longer of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Annuitant's lifetime and joint Annuitant's lifetime, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the period selected (at least 5 years but not more than 30 years).

If your Contract is a Qualified Contract, this Annuity Option is available only if the Annuitant and the joint Annuitant are spouses.

If both Annuitants die before the end of the period, payments will continue to the Beneficiary until the end of the period unless the Beneficiary elects to receive the discounted value of the remaining payments in one lump sum.

We make monthly, quarterly, semi-annual and annual modal payments subject to a minimum modal payment of $100.

**Remember that the Annuity Payment Option may not be changed once annuity payments begin.** 

**Determination of Amount of Annuity Payments** 

***Adjusted Contract Value*** 

The adjusted Contract Value is the amount we apply to your fixed Annuity Payment Option to provide fixed annuity payments. We calculate adjusted Contract Value by taking your Contract Value on the Business Day just before the Annuity Income Date and deducting any applicable premium tax or similar tax.

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***Fixed Annuity Payments*** 

Fixed Annuity payments are the same each month. We determine the dollar amount of each Fixed Annuity payment using the Contract Value and the applicable "annuity payment rates." These will be either (1) the rates in your Contract, or (2) new rates we have published and are using on the Annuity Income Date if they are more favorable. (See "*Interest Rates and Mortality Table*.")

***Minimum Payments*** 

If your Contract Value is less than $2,000 at the end of the Valuation Period immediately before the Annuity Income Date, or the modal annuity payment would be less than $100, we will pay the Annuity Contract Value to the Annuitant in one payment, except as otherwise provided under the GLWB, if elected.

**Interest Rates and Mortality Table** 

The mortality table used in determining the guaranteed minimum annuity payment rates for the fixed Annuity Payment Options is the Annuity 2000 Mortality Table projected for mortality improvements using Projection Scale G. The interest rate used is 1%.

An Adjusted Age is used to determine the applicable guaranteed minimum annuity payment rate. The Adjusted Age equals the actual age(s) of the Annuitant(s), in completed years and months, as of the Annuity Income Date, less an age setback. The age setback is one year for Annuity Income Dates occurring during the years 2020-2029; the age setback is two years for Annuity Income Dates occurring during the years 2030-2039; and so on.

Guaranteed minimum annuity payments are applied to Adjusted Ages for the fixed Annuity Payment Options. Rates for Adjusted Ages expressed in completed years and months will be based on straight line interpolation between the appropriate annuity payment rates.in the Contract.

**Annuity Payment Options as Method of Payment for Death Benefit** 

During the Accumulation Phase, you or your Beneficiary may also select a fixed Annuity Payment Option as a method of settlement of the death benefit as described under the "*DEATH BENEFIT*" section of this Prospectus. In that case, your Beneficiary will be the Annuitant. The Annuity Income Date will be the first Valuation Period after the Death Benefit Date.

**GENERAL PROVISIONS** 

**Right to Examine and Cancel** 

The Contract contains a Right to Examine provision. You may return and cancel your Contract within 10 days after receiving it (30 days if your Contract was purchased as part of a replacement or later, if required by your state). We will return your Contract Value as of the end of the Valuation Period when we receive your cancellation request in Good Order plus any amount deducted from your Purchase Payments. This amount may be more or less than the original Purchase Payment. If the Contract is issued in a state requiring the return of Purchase Payments, you will receive the greater of (1) your Contract Value as of the Valuation Period we receive your cancellation request, reduced by the applicable Annual Contract Fee and the Withdrawal Charge or (2) your total Purchase Payments made as of that date.

If you are establishing an Individual Retirement Annuity ("IRA"), the Code requires that we give you a disclosure statement containing certain information about the Contract and applicable legal requirements. We must give you this statement on or before the date the IRA is established. If we give you the disclosure statement before the seventh day preceding the date the IRA is established, you will not have any right of revocation under the Code. If we give you the disclosure statement at a later date, then you may give us a notice of revocation at any time within seven days after your Issue Date. Upon such revocation, we will refund your Purchase Payment(s). This right of revocation with respect to an

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IRA is in addition to the return privilege set forth in the preceding paragraph. We allow an Owner establishing an IRA a right to return as set forth in the preceding paragraph, notwithstanding the provisions of the Code.

**Electronic Delivery of Contract Information** 

During the Accumulation Phase, we may make available for Owners the option to receive to receive prospectuses, transaction confirmations, reports and certain other communications in electronic format, instead of receiving paper copies. To enroll in this optional electronic delivery service, if available, Owners must register and log on to our Internet customer website via www.delawarelife.com. First-time users of this website can enroll in this electronic delivery service by selecting "eDeliver Documents" when registering to use the website. If you are already a registered user of this website, you can enroll in the electronic delivery service by logging on to your account and selecting "eDeliver Documents" on the "Update Profile" page. The electronic delivery service is subject to various terms and conditions, including a requirement that you promptly notify us of any change in your e-mail address, to avoid any disruption of deliveries to you. You have the right to receive a paper copy of our communications at any time, free of charge. You can stop eDelivery by updating the consent in your user profile. We are not required to offer the electronic delivery service and may discontinue it in whole or in part at any time. You may obtain more information and assistance at the abovementioned internet location or by writing us at our Service Address or by telephone at (877) 253-2323.

**Deferral of Payments and Transfers** 

The Company may suspend or defer payment of any amount due from the Variable Account, including the death benefit or any transfer among Subaccounts, if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the NYSE is closed (except weekends and holidays),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● trading on the NYSE is restricted,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the SEC determines that an emergency exists and that it is not reasonably practicable to: (i) dispose of securities held in the Variable Account; or (ii) determine the value of the net assets of the Variable Account, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the SEC permits a delay for the protection of Owners.

If, pursuant to SEC rules, a government money market fund suspends payment of redemption proceeds in connection with a liquidation of the Fund, we will delay payment of any transfer, partial withdrawal, surrender, or death benefit from the corresponding Subaccount until the Fund is liquidated.

We may also defer payment of amounts payable from the Fixed Account for withdrawal requests and death benefits for up to six months if permitted by our domiciliary insurance department.

If mandated under applicable law, we may be required to reject a Purchase Payment and/or restrict an Owner's account and thereby refuse to honor any request for transfers, withdrawals, surrenders or death benefits until instructions are received from the appropriate regulators. We may also be required to provide additional information about you or your Contract to governmental regulators.

**Exercise of Contract Rights** 

Contract rights and privileges can be exercised by the Owner and Joint Owner without the consent of the Beneficiary (other than an irrevocably designated Beneficiary) or any other person. Such rights and privileges may be exercised only before the Annuity Income Date, except as the Contract otherwise provides.

The Annuitant becomes the Payee on and after the Annuity Income Date. The Beneficiary becomes the Payee on the death of the Owner prior to the Annuity Income Date, or on the death of the Annuitant after the Annuity Income Date. Such Payee may thereafter exercise such rights and privileges, if any, of ownership which continue.

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**Change of Ownership** 

A Qualified Contract may not be sold, assigned, transferred, discounted or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose unless allowed under applicable law.

The Owner of a Non-Qualified Contract may change the ownership of the Contract prior to the Annuity Income Date. A change of ownership will not be binding on us until we receive written notification, in Good Order. When we receive such notification and it is in Good Order, the change will be effective as of the date on which the request for change was signed by the Owner, but the change will be without prejudice to us on account of any payment we make or any action we take before receiving the request. If you change the Owner of a Non-Qualified Contract without full and adequate consideration, you will become immediately liable for the payment of taxes on any gain realized under the Contract prior to the change of ownership, including possible liability for a 10% additional tax.

**Reports to Owners** 

We will send you, by regular U.S. mail, an immediate confirmation statement of all Purchase Payments, non-automated withdrawals, (including any Withdrawal Charge and federal taxes on withdrawals), death benefit payments, annuity payments and transfers (excluding DCA transfers). In addition, we will send you, by regular U.S. mail, a quarterly confirmation statement showing your current Contract Value, death benefit value, and investment allocation. Each quarterly statement will detail transactions that occurred during the last calendar quarter including Purchase Payments, transfers (including DCA transfers), partial withdrawals, systematic withdrawals, AWA payments, portfolio rebalancing, and any Annual Contract Fee assessed.

If you have enrolled in the electronic delivery service and consented to receive documents electronically, we will send you an email at the address you provided notifying you when we have posted your confirmations, statements, and certain reports on our website.

It is your obligation to review confirmation statements carefully and to report to us, at the address or telephone number provided on the statement, any errors or discrepancies in the information presented therein within 60 days of the date of such statement. Unless we receive notice of any such error or discrepancy from you within such period, we may not be responsible for correcting the error or discrepancy.

**Substitution of Securities** 

Shares of any or all Funds may not always be available through the Subaccounts under the Contract. We may add or delete Funds or other investment companies available through Subaccounts under the Contract. We may also substitute shares of another Fund or shares or units of another SEC-registered investment company for the shares held in any Subaccount. We will not make any substitution without SEC approval and any required state insurance department approval. We may close Subaccounts to allocation of Purchase Payments or Contract Value, or both, in our sole discretion.

**Change in Operation of Variable Account** 

At our election and subject to any necessary vote by persons having the right to give instructions with respect to the voting of Fund shares held by the Subaccounts, the Variable Account may be operated as a management company under the 1940 Act or it may be deregistered under the 1940 Act in the event registration is no longer required. We will not deregister the Variable Account without SEC approval. In the event of any change in the operation of the Variable Account pursuant to this provision, we may supplement this Prospectus to reflect the change and take such other action as may be necessary and appropriate to effect the change.

**Splitting Units** 

The Company reserves the right to split or combine the value of Variable Accumulation Units. In effecting any such change of unit values, strict equity will be preserved, and no change will have a material effect on the benefits or other provisions of the Contract.

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**Modification** 

Upon notice to the you, we may modify the Contract if such modification: (a) is necessary to make the Contract or the Variable Account comply with any law or regulation issued by a governmental agency to which the Company or the Variable Account is subject; (b) is necessary to assure continued qualification of the Contract under the Code or other federal or state laws relating to retirement annuities or annuity contracts; (c) is necessary to reflect a change in the operation of the Variable Account or the Subaccounts; (d) provides additional Variable Account options; or (e) may otherwise be in the best interests of Owners. In the event of any such modification, the Company may make appropriate endorsement to the Contract and supplement this Prospectus to reflect such modification. The Company cannot make any modification that reduces or eliminates the benefits or coverage, or impairs or invalidates any right granted to the Owner under the Contract except for amendments to conform to changes in any applicable provisions or requirements of the Code.

**Misstatement of Age or Sex** 

If the age or sex of any Annuitant, Beneficiary or Owner has been misstated, the amount payable by us will be that which would be due if the true age or sex had been stated. If we make or have made any overpayments or underpayments due to the misstatement, the excess amount and interest at a rate not to exceed 6.00% per annum will be charged against, or added to, payments coming due after the adjustment.

**Assignment** 

Any assignment of rights under the Contract must be received by us in writing. Unless otherwise specified, assignments will be effective as of the date on which the request is signed by the Owner, subject to any action taken by the Company prior to its receipt of the assignment request. In no event will the Company be responsible for the validity of the assignment. We have no liability under any assignment for our actions or omissions made in good faith. A Qualified Contract may not be sold, assigned, transferred, discounted, or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose unless allowed under applicable law. The GLWB will terminate if an assignment results in an ownership change that has the effect of changing the GLWB Covered Person(s) except as described above in the Effect of Divorce on the GLWB and Death of the Owner provisions.

**Incontestability** 

The Contract is incontestable.

**Nonparticipating** 

The Contract is nonparticipating and will not share in any profits or surplus earnings of the Company and, therefore, no dividends are payable under the Contract.

**Proof of Age and Survival** 

The Company shall have the right to require reasonable evidence of the age and survival of any Annuitant.

**Reservation of Rights** 

We reserve the right, to the extent permitted by law, to: (1) deregister the Variable Account under the 1940 Act; (2) combine the Variable Account with one or more other separate accounts; (3) operate the Variable Account as a management investment company or in any other form permitted by law; (4) substitute shares of a Fund (or portfolios or classes thereof) for shares of another investment company (or portfolios or classes thereof) if shares of such Fund (or portfolios or classes thereof) are not available, or if, in the Company's judgment, further investment in such Fund's shares (or portfolios or classes thereof) is no longer appropriate in view of the purposes of the Variable Account; (5) add or delete Funds (or portfolios or classes thereof) and corresponding Subaccounts; (6) restrict or eliminate any rights of Owners or other persons who have the right to give voting instructions as to the Variable Account; (7) cease accepting Purchase Payments under the Contract; (8) close or liquidate a Subaccount if, in the Company's sole discretion,

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marketing, tax, investment, or other conditions warrant such change; and (9) transfer assets in the Variable Account to another separate account. We will provide you with notice of these changes to your rights under the Contract as required by federal and state laws.

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**TAX PROVISIONS** 

This section provides general information on the federal income tax consequences of ownership of a Contract and is not intended as tax advice. Actual federal tax consequences will vary depending on, among other things, the type of retirement plan under which your Contract is issued. Also, legislation altering the current tax treatment of annuity contracts could be enacted in the future and could apply retroactively to Contracts that were purchased before the date of enactment. We make no attempt to consider any applicable state or other income tax laws, any state and local estate or inheritance tax, or other tax consequences of ownership or receipt of distributions under a Contract. We also make no guarantee regarding the federal, state, or local tax status of any Contract or any transaction involving any Contract. You should consult a qualified tax professional for advice before purchasing a Contract or executing any other transaction (such as a rollover, distribution, withdrawal or payment) involving a Contract.

**U.S. Federal Income Tax Provisions** 

This discussion is not intended to provide tax advice and assumes that the Contract qualifies as an annuity contract for federal income tax purposes. This discussion is not intended to address the tax consequences resulting from all situations. Before entering into the Contract or initiating any transaction, you should consult a competent tax advisor.

This discussion is based upon our understanding of the present federal income tax laws as they are currently interpreted by the Internal Revenue Service ("IRS"). No representation is made as to the likelihood of the continuation of the present federal income tax laws or of the current interpretation by the IRS. No attempt has been made to consider any applicable state or other tax laws.

***Taxation of Annuities*** 

Section 72 of the Code governs the taxation of annuities, including the Contracts. An owner who is a "natural person" will not generally be taxed on increases, if any, in the Contract Value until all or part of the Contract Value is distributed.

***Non-Qualified Contracts*** 

***Deductibility of Purchase Payments.*** For federal income tax purposes, Purchase Payments made under Non-Qualified Contracts are not deductible. As a general rule, regardless of whether you own a Qualified or a Non-Qualified Contract, the amount of your tax liability on earnings and distributions will depend upon the specific tax rules applicable to your Contract and your particular circumstances.

***Pre-Distribution Taxation of Contracts.*** Generally, an increase in the value of a Contract will not give rise to a current income tax liability to the Owner of a Contract or to any Payee under the Contract until a distribution is received from the Contract. However, certain assignments or pledges of a Contract will be treated as distributions to the Owner of the Contract and will accelerate the taxability of any increases in the value of a Contract.

Also, corporate (or other non-natural person) Owners of a Non-Qualified Contract will generally incur a current tax liability on Contract Value increases. There are certain exceptions to this current taxation rule, including: (i) any Contract that is an "immediate annuity," which the Code defines as a single premium contract with an Annuity Income Date within one year of the date of purchase which provides for a series of substantially equal periodic payments (to be made not less frequently than annually) during the annuity period, and (ii) any Contract that is held by a trust or other entity as an agent for a natural person.

***Distributions and Withdrawals from Non-Qualified Contracts.*** The Contract Value of a Non-Qualified Contract will generally include both (i) an amount attributable to Purchase Payments, the return of which will not be taxable, and (ii) an amount attributable to investment earnings, the receipt of which will be taxable at ordinary income rates. The relative portions of any particular distribution that derive from nontaxable Purchase Payments and taxable investment earnings depend upon the nature and the timing of that distribution.

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Any withdrawal of less than your entire Contract Value under a Non-Qualified Contract before the Annuity Income Date must be treated as a receipt of investment earnings to the extent the Contract Value (see below for additional information) immediately prior to the withdrawal exceeds the "investment in the contract." You may not treat such withdrawals as a non-taxable return of Purchase Payments unless you have first withdrawn the entire amount of the Contract Value that is attributable to investment earnings. For purposes of determining whether an Owner has withdrawn the entire amount of the investment earnings under a Non-Qualified Contract, the Code provides that all Non-Qualified Contracts issued by the same company (or its affiliates) to the same Owner during any one calendar year must be treated as one annuity contract. If you withdraw your entire Contract Value under a Non-Qualified Contract before the Annuity Income Date (a "full surrender"), the taxable portion will equal the amount you receive less the "investment in the contract" (i.e., the total Purchase Payments (excluding amounts that were excluded from the gross income of the Owner of the Contract), less any Purchase Payments that were amounts previously received which were not includable in income).

We are required to make a determination as to the taxability of any withdrawal you make in order to be able to annually report to the IRS information about your withdrawal. Under the Code, any withdrawal from a Non-Qualified Contract is taxable to the extent the annuity's cash value (determined without regard to surrender charges) exceeds the investment in the contract. There is no definition of "cash value" in the Code and, for tax reporting purposes, we are currently treating it as the Contract Value of the Contract. However, there can be no assurance that the IRS will agree that this is the correct cash value. The IRS could, for example, determine that the cash value is the Contract Value plus an additional amount representing the value of an optional benefit. If this were to occur, election of an optional benefit could cause any withdrawal, including a withdrawal under the withdrawal benefit of any optional living benefit, to have a higher proportion of the withdrawal derived from taxable investment earnings. Prior to electing to participate in an optional benefit (or, if applicable, prior to renewing your participation in any optional living benefit), you should consult with a qualified tax professional as to the meaning of "cash value."

***Annuity Payments.*** A Payee who receives annuity payments under a Non-Qualified Contract after the Annuity Income Date will generally be able to treat a portion of each payment as a nontaxable return of Purchase Payments and to treat only the remainder of each such payment as taxable investment earnings. Until the Purchase Payments have been fully recovered in this manner, the nontaxable portion of each payment will be determined by the ratio of (i) the total amount of the Purchase Payments made under the Contract, to (ii) the Payee's expected return under the Contract. Once the Payee has received nontaxable payments in an amount equal to the total Purchase Payments, no further exclusion is allowed, and all future distributions will constitute fully taxable ordinary income. If payments are terminated upon the death of the Annuitant or other Payee before the Purchase Payments have been fully recovered, the unrecovered Purchase Payments may be deducted on the final return of the Annuitant or other Payee.

***Additional Tax on Certain Withdrawals.*** An additional tax of 10% may also apply to taxable withdrawals, including Free Withdrawal Amounts and lump-sum payments from Non-Qualified Contracts. This additional tax will generally not apply to: (i) distributions made after age 59 <sup>1</sup>∕2; (ii) distributions pursuant to the death or disability (as defined in the Code) of the Owner; (iii) distributions that are a part of a series of substantially equal periodic payments made not less frequently than annually for your life or life expectancy or the joint lives or joint life expectancies of you and your designated beneficiary; or (iv) distributions under an immediate annuity (as defined above). Other exceptions may be applicable under certain circumstances and special rules may be applicable in connection with the exceptions enumerated above. You should consult a qualified tax professional with regard to exceptions from the additional tax.

***Taxation of Non-Qualified Death Benefit Proceeds.*** Generally, death benefits paid upon the death of an Owner are not life insurance benefits and will generally be includable in the income of the recipient to the extent they represent investment earnings under the Contract. For this purpose, the amount of the investment in the Contract is not affected by the Owner's or Annuitant's death, i.e., the investment in the Contract must still be determined by reference to the Owner's investment in the Contract. Special mandatory distribution rules also apply after the death of the Owner when the beneficiary is not the surviving spouse of the Owner.

If death benefits are distributed in a lump sum, the taxable amount of those benefits will be determined in the same manner as upon a full surrender of the Contract. If death benefits are distributed under an annuity option, the taxable amount of those benefits will be determined in the same manner as annuity payments, as described above.

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***After-death Distribution Requirements for a Non-Qualified Contract.*** For a Non-Qualified Contract to be treated as an annuity contract for federal income tax purposes, the terms of the Contract must provide the following distribution rules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If the Owner dies before the date annuity payouts begin, the entire Contract Value must generally be distributed within five years after the date of death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If payable to a designated Beneficiary, the distributions may be paid over the life of that designated Beneficiary or over a period not extending beyond the life expectancy of that Beneficiary, so long as payouts start within one year of the Owner's death;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) If the sole designated Beneficiary is the Owner's spouse, the Contract may be continued in the name of the spouse as Owner; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) If the Owner or Annuitant dies on or after the date annuity payouts start, and before the entire interest in the Contract has been distributed, payments under the Contract must continue on the same or on a more rapid schedule than that provided for in the method in effect on the date of death.

If the Owner is not a natural person, these distribution rules apply upon the death or removal of any Annuitant.

***Transfers, Assignments or Exchanges of a Contract.*** A transfer or assignment of ownership of a Contract, whether by gift or for value, the designation of an Annuitant other than the Owner or the selection of certain maturity dates may result in certain tax consequences to you that are not discussed herein. An Owner contemplating any such transfer or assignment should consult a qualified tax professional as to the tax consequences.

Section 1035 of the Code provides that no gain or loss will be recognized on the exchange of one annuity contract for another. Generally, an annuity contract issued in an exchange for another annuity contract is treated as new for purposes of the distribution at death rules.

In Revenue Procedure 2011-38, the IRS set forth the rules as to when a partial transfer between annuity contracts will be treated as a tax-free exchange under Section 1035 of the Code. Under Rev. Proc. 2011-38:

The period of time in which cash cannot be withdrawn from either contract after a partial transfer is 180 days beginning on the date of the transfer; and

Annuity payments that satisfy the partial annuitization rule of IRC Section 72(a)(2) will not be treated as a distribution from either the old or new contract.

Please discuss any tax consequences concerning any contemplated or completed transactions with a qualified tax professional.

***Partial Annuitization.*** If part of an annuity contract's value is applied to an annuity option that provides payments for one or more lives or for a period of at least ten years, those payments may be taxed as annuity payments instead of withdrawals. None of the payment options under the Contract is intended to qualify for this "partial annuitization" treatment because there is no partial annuitization under the Contract.

***Medicare Tax.*** Distributions to certain taxpayers from Non-Qualified Contracts will be considered "investment income" for purposes of the Medicare tax on investment income. For example, in certain circumstances, a 3.8% tax may be applied to some or all of the taxable portion of distributions (e.g. earnings) to individuals whose income exceeds certain threshold amounts ($200,000 for filing single, $250,000 for married filing jointly and qualifying widow(er) with dependent child, and $125,000 for married filing separately.) Please consult a qualified tax professional for more information.

***Investment Diversification and Control.*** The Treasury Department has issued regulations that prescribe investment diversification requirements for the mutual fund series underlying non-qualified variable contracts. All Non-Qualified Contracts must comply with these regulations to qualify as annuities for federal income tax purposes. The owner of a

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Non-Qualified Contract that does not meet these guidelines will be subject to current taxation on annual increases in value of the Contract. We believe that each Fund available as an investment option under the Contract complies with these regulations.

In certain circumstances, owners of variable annuity contracts have been considered for federal income tax purposes to be the owners of the assets of the separate account supporting their contracts due to their ability to exercise investment control over those assets. When this is the case, the contract owners have been currently taxed on income and gains attributable to the variable account assets. There is limited guidance in this area, and some features of our Contracts, such as the flexibility of an owner to allocate premium payments and transfer amounts among the investment divisions of the separate account, have not been explicitly addressed in published rulings. While we believe that the Contracts do not give Owners investment control over separate account assets, we reserve the right to modify the Contracts as necessary to prevent an Owner from being treated as the Owner of the separate account assets supporting the Contract. Nevertheless, you should consult with a qualified tax professional on the potential impact of the investor control rules of the IRS as they relate to the investment decisions and activities you may undertake with respect to the Contract. In addition, the IRS and/or the Treasury Department may issue new rulings, interpretations or regulations on this subject in the future.

We also reserve the right to notify you if we determine that it is no longer practicable to maintain the Contract in a manner that was designed to prevent you from being considered the owner of the assets of the Separate Account. You bear the risk that you may be treated as the owner of Separate Account assets and taxed accordingly.

***Taxation of Qualified Contracts*** 

**Currently, we offer Qualified Contracts only as Traditional IRAs or Roth IRAs under Section 408 and 408A of the Code.** 

"Qualified Contracts" are Contracts used with plans that receive tax-deferral treatment pursuant to specific provisions of the Code. Annuity contracts also receive tax-deferral treatment. It is not necessary that you purchase an annuity contract to receive the tax-deferral treatment available through a Qualified Contract. If you purchase this annuity Contract as a Qualified Contract, you do not receive additional tax-deferral. Therefore, if you purchase this annuity Contract as a Qualified Contract, you should do so for reasons other than obtaining tax deferral.

**Adverse tax consequences may result if you do not ensure that contributions, distributions and other transactions with respect to the Contract comply with the law.** 

***Individual Retirement Accounts and Annuities.*** Individual Retirement Accounts and Annuities ("IRAs"), as defined in Section 408 of the Code, permit eligible individuals to make annual contributions of up to the lesser of a specified dollar amount for the year or the amount of compensation includible in the individual's gross income for the year. The contributions may be deductible in whole or in part, depending on the individual's income. In addition, certain distributions from some other types of retirement plans may be "rolled over" into an IRA on a tax-deferred basis without regard to these limits. Amounts in the IRA (other than nondeductible contributions) are taxed when distributed from the IRA. A 10% additional tax generally applies to distributions, including Free Withdrawal Amounts, made before age 59 <sup>1</sup>∕2, unless an exception applies. The Internal Revenue Service imposes special information requirements with respect to IRAs and we will provide purchasers of the Contracts as Individual Retirement Annuities with any necessary information. You will have the right to revoke a Contract issued as an Individual Retirement Annuity under certain circumstances, as described in the section of this Prospectus entitled "Right to Return." The IRS imposes special information requirements with respect to IRAs and we will provide the necessary information for Contracts issued as Individual Retirement Annuities. If your Contract is issued in connection with an Individual Retirement Account, we have no information about the Account and you should contact the Account's trustee or custodian.

IRAs are subject to required minimum distributions under the Code. For more information, please see ***Required Minimum Distributions*** below.

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***Roth Individual Retirement Arrangements.*** Section 408A of the Code permits certain eligible individuals to contribute to an individual retirement program called a Roth IRA. Unlike contributions to a traditional IRA under Section 408 of the Code, contributions to a Roth IRA are not tax-deductible. Provided certain conditions are satisfied, distributions are generally tax-free. Roth IRAs are subject to limitations on contribution amounts and the timing of distributions. If you roll over from or convert a traditional IRA Contract into a Roth IRA Contract or your Individual Retirement Account that holds a Contract is converted to a Roth Individual Retirement Account, the fair market value of the Contract is included in taxable income. *See Impact of Optional Death Benefit and Optional Living Benefits* for additional information*.* Under IRS regulations, fair market value may exceed the Contract's account balance. Thus, you should consult with a qualified tax professional prior to any conversion. Distributions from a Roth IRA are generally not taxed, except that once aggregate distributions exceed contributions to the Roth IRA, income tax and a 10% additional tax may apply to distributions made (1) before age 59 <sup>1</sup>∕2 (subject to certain exceptions) or (2) during the five taxable years starting with the year in which the first contribution is made to any Roth IRA. A 10% additional tax may apply to amounts attributable to a conversion from an IRA if they are distributed during the five taxable years beginning with the year in which the conversion was made.

If your Contract is a traditional Individual Retirement Annuity or is held by your traditional Individual Retirement Account and you convert such a traditional Annuity or Account to a Roth IRA, the IRS rules for determining the amount of your taxable income at the time of conversion include an amount based on the RMD actuarial present value requirements discussed below. Thus, your election of a Contract's optional benefit could cause your taxable income upon conversion to be higher than it would be without such an election. Prior to electing to participate in (or, if applicable, prior to renewing your participation in) any optional living benefit or death benefit, you should consult with a qualified tax professional as to the possible effect of that benefit on conversion taxable income.

The IRS imposes special information requirements with respect to Roth IRAs and we will provide the necessary information for Contracts issued as Roth Individual Retirement Annuities. If your Contract is issued in connection with a Roth Individual Retirement Account, we have no information about the Account and you should contact the Account's trustee or custodian.

***Distributions and Withdrawals from Qualified Contracts.*** In most cases, all distributions you receive from a Qualified Contract will constitute fully taxable ordinary income. Also, a 10% additional tax will apply to distributions prior to age 59 <sup>1</sup>∕2, except in certain circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You have become disabled, as defined in the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You have died and the distribution is to your beneficiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distribution amount is rolled over tax free into another eligible retirement plan or to a traditional or Roth IRA in accordance with the terms of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distribution is paid directly to the government in accordance with an IRS levy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distribution is a qualified reservist distribution as defined under the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distribution is a qualified birth or adoption distribution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distribution is an emergency personal expense distribution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distribution is an eligible distribution to a domestic abuse victim;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distribution is made to an employee who is a terminally ill individual;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distribution is eligible for relief extended to victims of certain federally-declared disasters; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You have unreimbursed medical expenses that are deductible (without regard to whether you itemize deductions).

Additional exceptions may apply to distributions from a traditional or Roth IRA if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distribution amount is made in substantially equal periodic payments (at least annually) over your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distributions are not more than the cost of your medical insurance due to a period of unemployment (subject to certain conditions);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distributions are not more than your qualified higher education expenses; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You use the distribution to buy, build or rebuild a first home.

Certain requirements set forth in the Code need to be satisfied before the above exceptions will apply. You should consult a qualified tax professional for more information.

If you receive a distribution from a Qualified Contract used in connection with a qualified pension plan, from a tax-sheltered annuity, a governmental Code Section 457 plan or an IRA and roll over some or all of that distribution to a Qualified Contract, following the rules set out in the Code and IRS regulations, the portion of such distribution that is rolled over will not be includible in your income. An eligible rollover distribution from a qualified plan, tax-sheltered annuity or governmental Section 457 plan will be subject to 20% mandatory withholding as described below. Because the amount of the cash paid to you as an eligible rollover distribution will be reduced by this withholding, you will not be able to roll over the entire account balance into a Qualified Contract, unless you use other funds equal to the tax withholding to complete the rollover. Direct rollovers and rollovers of IRA distributions are not subject to the 20% mandatory withholding requirement.

An eligible rollover distribution from a qualified plan, governmental Section 457 plan or tax-sheltered annuity is any distribution of all or any portion of the balance to the credit of an employee, except that the term does not apply to certain distributions, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● a distribution which is one of a series of substantially equal periodic payments made annually under a lifetime annuity or for a specified period of ten years or more;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any required minimum distribution; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any hardship distribution.

Only you or your surviving spouse Beneficiary may elect to roll over a distribution to an eligible retirement plan. However, a non-surviving-spouse Beneficiary may be able to directly transfer a distribution to a so-called inherited IRA that will be subject to the IRS distribution rules applicable to beneficiaries.

***Required Minimum Distributions.*** If your Contract is a Qualified Contract, it is subject to certain minimum distribution requirements. Failure to take these required distributions could subject you (or your Beneficiary, as applicable) to an excise tax.

*Lifetime Distribution Rules*. If your Contract is a Qualified Contract other than a Roth IRA, it is subject to certain lifetime required minimum distribution (RMD) requirements imposed by the Internal Revenue Code and IRS regulations. Distributions generally must begin no later than April 1 of the calendar year following the year in which you attain the applicable age.

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| | |
|:---|:---|
| **If you were born...** | **Your "applicable age" is....** |
| Before July 1, 1949 | 70 <sup>1</sup>∕2 |
| After June 30, 1949 and before 1951 | 72 |
| After 1950 and before 1960  | 73 |
| In 1960 or later  | 75 |

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If you wait until April 1 of the calendar year following the year you reach your applicable age, you must take that distribution and a subsequent distribution for that year by December 31. For each succeeding year, a distribution must be made on or before December 31. The RMD amount for a distribution calendar year is generally calculated by dividing the Contract's value as of 12/31 of the prior calendar year by the applicable distribution factor set forth in a Uniform Lifetime Table in the IRS regulations.

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The IRS's RMD regulations provide that the annual RMD amount is to be calculated based on the Contract's Account Value as of 12/31 plus "the actuarial present value of any additional benefits" that are provided under your Contract (such as optional death and living benefits) which is also calculated as of 12/31. When we notify you yearly of the RMD amount, we will inform you if the calculation included the actuarial present value of any additional benefits since such inclusion would have increased your RMD amount.

You may take an RMD amount calculated for a particular Individual Retirement Annuity from that Annuity or from another IRA of yours. For Qualified Contracts issued other than as Individual Retirement Annuities, (1) we do not calculate your annual RMD amount nor do we notify you of such amount and (2) you should contact the Account's trustee or custodian about RMD requirements since we only provide the trustee or custodian with the Contract's value (including any actuarial present value of additional benefits discussed below) so that it can be used by the trustee or custodian in the Account's RMD calculations.

***Taxation of Qualified Death Benefit Proceeds.*** Generally, death benefits paid upon the death of an Owner are not life insurance benefits and will generally be includable in the income of the recipient.

Legislation passed in 2019 (the "SECURE Act") and in 2022 (the "SECURE 2.0 Act") changed a number of the RMD rules applicable to distributions after the death of a Qualified Contract Owner. The changes made by the SECURE Act were generally effective after 2019, and the changes made by the SECURE 2.0 Act were generally effective after 2022. This discussion describes only the new RMD rules as we administer them, and not the old rules, which remain applicable in certain circumstances.

If the Owner dies, distribution of the individual's entire interest must be completed by December 31 of the calendar year containing the tenth anniversary of the Owner's death. If the Owner dies on or after their required beginning date (RBD) for RMDs, this rule continues to apply and RMDs must be taken each calendar year after the Owner's death until the entire interest in the contract is distributed. If the Owner dies on or after the date annuity payments start, the Owner is treated as if they died on or after their RBD, even if they died before their RBD. Different distribution rules will apply to a beneficiary that is not an individual.

However, a beneficiary may elect to receive distributions in accordance with the following distribution rules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If, on the date of the Owner's death, the Beneficiary is not more than ten years younger than the Owner or is "disabled" or "chronically ill" as either of those terms is defined under Federal Tax Laws, the death benefit may also be taken in the form of an annuity over the Beneficiary's lifetime or life expectancy (if the Owner died before their RBD) or life expectancy if the Owner died after their RMD. In all events, payments must end by December 31st of the calendar year containing the tenth anniversary of the Beneficiary's death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If the Beneficiary is the Owner's child and under age 21 on the date of the Owner's death, the interest must be distributed by December 31st of the year the Beneficiary reaches age 31. Alternatively, the Beneficiary may take the death benefit in the form of an annuity over a period that does not extend beyond December 31st of the year the Beneficiary reaches age 31 (or by December 31st of the calendar year containing the tenth anniversary of the Beneficiary's death, if earlier).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) If the sole Beneficiary is the Owner's surviving spouse, the spouse may treat the Contract as his or her own Qualified Contract. This election will be deemed to have been made if such surviving spouse makes a regular Contribution to the Contract, makes a rollover to or from such Contract, or fails to elect any of the above provisions. In certain circumstances, the surviving spouse may have to take a hypothetical RMD before continuing the Contract as their own.

***Impact of Optional Death Benefit and Optional Living Benefits.*** As discussed above, your RMD must reflect the actuarial present value of any additional benefits. Because of this requirement, your election of a Contract's optional benefit could cause your RMD amount to be higher than it would be without such an election. Prior to electing to participate in any optional benefit, you should consult with a qualified tax professional as to the possible effect of that benefit on your yearly RMD amounts.

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If your Contract is a traditional Individual Retirement Annuity or is held by your traditional Individual Retirement Account and you convert such a traditional Annuity or Account to a Roth IRA (see "*Roth Individual Retirement Arrangements*"), the IRS's rules for determining the amount of your taxable income at the time of conversion include an amount based on the RMD actuarial present value requirements discussed above. Thus, your election of a Contract's optional benefit could cause your taxable income upon conversion to be higher than it would be without such an election. Prior to electing to participate in any optional living benefit or death benefit, you should consult with a qualified tax professional as to the possible effect of that benefit on conversion taxable income.

**For further discussion on the impact of the optional living benefit, see "*Tax Issues Under the GLWB."*** 

***Withholding.*** In the case of a distribution from a Non-Qualified Contract or a traditional IRA, we will withhold and remit to the U.S. Government a part of the taxable portion of each distribution unless, prior to the distribution, the Owner provides us their taxpayer identification number and instructs us (in the manner prescribed) not to withhold. However, the Owner cannot elect out of withholding in certain circumstances. The Owner may credit against his or her federal income tax liability for the year of distribution any amounts that we withhold.

***Annuity Purchases by Nonresident Aliens and Foreign Corporations.*** The discussion herein provides general information regarding U.S. federal income tax consequences to annuity purchasers that are U.S. citizens or residents. Purchasers or other payees that are not U.S. citizens or residents will generally be subject to U.S. federal withholding tax on taxable distributions from annuity contracts at a 30% rate, unless a lower treaty rate applies. Moreover, if certain documentation is not timely provided we are required to withhold 30% even if a lower treaty rate applies. In addition, purchasers may be subject to state and/or municipal taxes and taxes that may be imposed by the purchaser's country of citizenship or residence. Purchasers and other payees are advised to consult with a qualified tax professional regarding U.S., state, and foreign taxation with respect to an annuity contract purchase and the treatment of payments made under an annuity contract.

***Tax Treatment of the Company and the Variable Account.*** As a life insurance company under the Code, we will record and report operations of the Variable Account separately from other operations. The Variable Account will not, however, constitute a regulated investment company or any other type of taxable entity distinct from our other operations. Under present law, we will not incur tax on the income of the Variable Account (consisting primarily of interest, dividends, and net capital gains) if we use this income to increase reserves under Contracts participating in the Variable Account.

***Definition of Spouse Under Federal Law.*** The Contract provides that upon your death, a surviving spouse may have certain continuation rights that he or she may elect to exercise for the Contract's death benefit and any joint-life coverage under an optional living benefit. All Contract provisions relating to spousal continuation are available only to a person who meets the definition of "spouse" under federal law. The U.S. Supreme Court has held that same-sex marriages must be permitted under state law and that marriages recognized under state law will be recognized for federal law purposes. Treasury Regulations provide that domestic partnerships and civil unions that are not recognized as legal marriages under state law, however, will not be treated as marriages under federal law. Consult a qualified tax professional for more information.

***Federal Estate Taxes.*** While no attempt is being made to discuss 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 by virtue of surviving 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. Please consult a qualified estate planning professional for more information.

***Generation-skipping Transfer Tax.*** Under certain circumstances, the Code may impose a "generation-skipping transfer 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. Please consult a qualified tax professional for more information.

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***Possible Tax Law Changes.*** Although the likelihood of legislative changes is uncertain, there is always the possibility that the tax treatment of the Contract could change by legislation or otherwise. Consult a qualified tax professional with respect to legislative developments and their effect on the Contract.

**ADMINISTRATION OF THE CONTRACT** 

We have engaged SE2, LLC ("SE2"), a third-party provider of contract administration services for many other life insurance companies, located at 5801 SW 6th Avenue, Topeka, KS 66636, to administer the Contracts. Administrative functions performed by SE2 include maintaining the books and records of the Variable Account and the Sub-Accounts; maintaining records of the name, address, taxpayer identification number, Contract number, Participant Account number and type, the status of each Participant Account and other pertinent information necessary to the administration and operation of the Contract; processing Applications, Purchase Payments, transfers, Death Benefits and full and partial withdrawals; issuing Contracts and Certificates; administering annuity payments; furnishing accounting and valuation services; reconciling and depositing cash receipts; providing confirmations; providing toll-free customer service lines; and furnishing telephonic transfer services. The compensation paid to SE2 is based on the number of Contracts to which they provide these administrative services.

**DISTRIBUTION OF THE CONTRACT** 

Contracts are sold by licensed insurance agents ("the Selling Agents") in those states where the Contract may be lawfully sold. Such Selling Agents will be registered representatives of affiliated or unaffiliated broker-dealer firms ("the Selling Broker-Dealers") registered under the Securities Exchange Act of 1934 who are members of the Financial Industry Regulatory Authority ("FINRA") and who have entered into selling agreements with the Company and the general distributor, Clarendon Insurance Agency, Inc. ("Clarendon"), 230 Third Avenue, 6th Floor, Waltham, Massachusetts 02451. Clarendon is a wholly-owned subsidiary of the Company, is registered with the SEC under the Securities Exchange Act of 1934 as a broker-dealer and is a member of FINRA.

The Company or its affiliate, for purposes of this section only, collectively, the "Company", pays the Selling Broker-Dealers compensation for the promotion and sale of the Contract. The Selling Agents who solicit sales of the Contract typically receive a portion of the compensation paid by the Company to the Selling Broker-Dealers in the form of commissions or other compensation, depending on the agreement between the Selling Broker-Dealer and their Selling Agent. This compensation is not paid directly by the Owner or the Variable Account. The Company intends to recoup this compensation through fees and charges imposed under the Contract, and from profits on payments received by the Company for providing administrative, marketing, and other support and services to the Funds.

The amount and timing of commissions the Company may pay to Selling Broker-Dealers may vary depending on the selling agreement but is not expected to be more than 7.00% of Purchase Payments, and 1.25% annually of the Owner's Contract Value. The Company may pay or allow other promotional incentives or payments in the form of cash or other compensation to the extent permitted by FINRA rules and other applicable laws and regulations, and this compensation may be significant in amount.

The Company may also pay compensation to wholesaling broker-dealers or other firms or intermediaries in return for wholesaling services such as providing marketing and sales support, product training and administrative services to the Selling Agents of the Selling Broker-Dealers. This compensation may be significant in amount and may be based on a percentage of Purchase Payments and/or a percentage of ContractValue and/or may be a fixed dollar amount. Clarendon does not retain any portion of the commissions payable to the Selling Broker-Dealers.

In addition to the compensation described above, the Company may make additional cash payments, in certain circumstances referred to as "override" compensation, or reimbursements to Selling Broker-Dealers in recognition of their marketing and distribution, transaction processing and/or administrative services support. These payments are not offered to all Selling Broker-Dealers, and the terms of any particular agreement governing the payments may vary among Selling Broker-Dealers depending on, among other things, the level and type of marketing and distribution support

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provided. Marketing and distribution support services may include, among other services, placement of the Company's products on the Selling Broker-Dealers' preferred or recommended list, access to the Selling Broker-Dealers' registered representatives for purposes of promoting sales of the Company's products, assistance in training and education of the Selling Agents, and opportunities for the Company to participate in sales conferences and educational seminars. The payments or reimbursements may be calculated as a percentage of the particular Selling Broker-Dealer's actual or expected aggregate sales of our variable contracts (including the Contract) or assets held within those contracts and/or may be a fixed dollar amount. Broker-dealers receiving these additional payments may pass on some or all of the payments to the Selling Agent. The prospect of receiving, or the receipt of additional compensation as described above may provide Selling Broker-Dealers with an incentive to favor sales of the Contracts over other variable annuity contracts (or other investments) with respect to which the Selling Broker-Dealer either does not receive additional compensation, or receives lower levels of additional compensation. You should take such payment arrangements into account when considering and evaluating any recommendation relating to the Contracts.

As discussed above, the Selling Broker-Dealer may receive numerous forms of payments that, directly or indirectly, provide incentives to, and otherwise facilitate and encourage the offer and sale of the Contracts by Selling Broker-Dealers and their Selling Agents. Such payments may be greater or less in connection with the Contracts than in connection with other products offered and sold by the Company or by others. Accordingly, the payments described above may create a potential conflict of interest, as they may influence your Selling Broker-Dealer or registered representative to present a Contract to you instead of (or more favorably than) another product or products that might be preferable to you.

You should ask your Selling Agent for further information about what commissions or other compensation they, or the Selling Broker-Dealer for which they work, may receive in connection with your purchase of a Contract.

Commissions may be waived or reduced in connection with certain transactions described in this Prospectus under the heading "Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates." During 2023, 2024, and 2025, approximately $745,108, $781,108, and $839,639, respectively, in commissions were paid by Delaware Life Insurance Company on behalf of Clarendon in connection with the distribution of the Contracts described in this Prospectus.

**AVAILABLE INFORMATION** 

The Company and the Variable Account have filed with the SEC registration statements under the Securities Act of 1933 relating to the Contracts. For further information regarding the Variable Account, the Company and the Contracts, please refer to the registration statements and their exhibits.

You can inspect and copy this information and our registration statements at the SEC's public reference facilities at the following location: 100 F Street, N.E., Washington, D.C. 20549-0102, telephone (202) 551-8090. The SEC's public reference room will also provide copies by mail for a fee. You may also find these materials on the SEC's website (www.sec.gov).

**STATE REGULATION** 

The Company is subject to the laws of the State of Delaware governing life insurance companies and to regulation by the Commissioner of Insurance of the State of Delaware (the "Commissioner"). An annual statement is filed with the Commissioner on or before March 1st in each year relating to the operations of the Company for the preceding year and its financial condition on December 31st of such year. Its books and records are subject to review or examination by the Commissioner or the Commissioner's agents at any time and a full examination of its operations is conducted at periodic intervals.

The Company is also subject to the insurance laws and regulations of the other states and jurisdictions in which it is licensed to operate. The laws of the State of Delaware and the various jurisdictions in which the Company is licensed to operate establish supervisory agencies with broad administrative powers with respect to licensing to transact business, overseeing trade practices, licensing agents, approving policy forms, establishing reserve requirements, fixing maximum

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interest rates on life insurance policy loans and minimum rates for accumulation of surrender values, prescribing the form and content of required financial statements and regulating the type and amounts of investments permitted. Each insurance company is required to file detailed annual reports with supervisory agencies in each of the jurisdictions in which it does business and its operations and accounts are subject to examination by such agencies.

In addition, the State of Delaware Department of Insurance regulates affiliated groups of insurers, such as the Company and its affiliates, under insurance holding company legislation. Under such legislation, inter-company transfers of assets and dividend payments from insurance subsidiaries may be subject to prior notice or approval, depending on the size of such transfers and payments in relation to the financial positions of the companies involved. Such insurance holding company legislation protects the Company's ability to pay all guaranteed contract benefits, including any optional living benefits and death benefits.

Under insurance guaranty fund laws in most states, insurers doing business therein can be assessed (up to prescribed limits) for policyholder losses incurred by insolvent companies. The amount of any future assessments of the Company under these laws cannot be reasonably estimated. However, most of these laws do provide that an assessment may be excused or deferred if it would threaten an insurer's own financial strength and many permit the deduction of all or a portion of any such assessment from any future premium or similar taxes payable. A state's assessment on insurers in connection with the state guaranty fund would not affect the Company's obligation to pay guaranteed contract benefits, including any optional living benefits and death benefits. If an assessment were so large as to affect the Company's own ability to meet its obligations, then the provisions to excuse, defer, or offset such assessment would allow the Company to pay guaranteed contract benefits.

Although the federal government generally does not directly regulate the business of insurance, federal initiatives often have an impact on the business in a variety of ways. Current and proposed federal measures which may significantly affect the insurance business include employee benefit regulation, removal of barriers preventing banks from engaging in the insurance business, tax law changes affecting the taxation of insurance companies, the tax treatment of insurance products and its impact on the relative desirability of various personal investment vehicles.

**FINANCIAL STATEMENTS** 

The financial statements of the Company which are included in the Statement of Additional Information ("SAI") should be considered only as bearing on the ability of the Company to meet its obligations with respect to amounts allocated to the Fixed Account and with respect to the death benefit and the Company's assumption of the mortality and expense risks. They should not be considered as bearing on the investment performance of the Fund shares held in the Sub-Accounts of the Variable Account.

The financial statements of the Variable Account for the year ended December 31, 2025 are also included in the SAI.

**LEGAL PROCEEDINGS** 

The Company, like other insurance companies, is involved in lawsuits, including class action lawsuits. Although the outcome of any litigation cannot be predicted with certainty, the Company believes that, at the present time, there are no pending or threatened lawsuits that are reasonably likely to have a material adverse impact on the Variable Account, on the ability of Clarendon to perform under its principal underwriting agreement, or on our ability to meet our obligations under the Contract.

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**APPENDIX A - INVESTMENT OPTIONS** <br>**AVAILABLE UNDER THE CONTRACT** 

**Variable Options** 

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 https://dfinview.com/delawarelife/TAHD/246115166?site=Annuity. You can also request this information at no cost at https://dfinreports.com/DelawareLife, by calling (800) 477-6545, or by sending an email request to customer.relations@delawarelife.com. Depending on the optional benefits you choose, you may not be able to invest in certain Funds. See APPENDIX B - LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS.

Please note that there may be variations in Fund availability not included in this Appendix or otherwise described in this Prospectus. Variations may be imposed by some broker-dealers or other financial intermediaries without our knowledge, and given the number and size of the distribution partners through which the Contract is sold, the terms of our current agreements with our distribution partners and the limitations of their administrative systems to track such information, we cannot obtain information about such variations without unreasonable effort or expense. **You should discuss with your financial adviser any limitations, restrictions, or other variations related to the Funds available to you.** 

The current expenses and performance information below reflects fees and expenses of the Funds, but does 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. A Fund's past performance is not necessarily an indication of future performance.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund** | **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** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Allocation - Moderate | AB Variable Products Series Fund, Inc.<br> **Balanced Hedged Allocation Portfolio**<br> **Class B**<br>| AllianceBernstein, L.P. | 0.98%<sup>1</sup> | 17.36% | &nbsp;&nbsp; 5.64% | &nbsp;&nbsp; 6.74% |
| Equity - US Small Cap | AB Variable Products Series Fund, Inc.<br> **Discovery Value Portfolio**<br> **Class B**<br>| AllianceBernstein, L.P. | 1.07% | &nbsp;&nbsp; 2.64% | &nbsp;&nbsp; 8.48% | &nbsp;&nbsp; 8.27% |
| Equity - US Large Cap <br> Growth<br>| AB Variable Products Series Fund, Inc.<br> **Large Cap Growth Portfolio**<br> **Class B**<br>| AllianceBernstein, L.P. | 0.90% | 12.85% | 11.76% | 15.88% |
| Allocation - Moderate | American Funds Insurance Series<sup>®</sup> <br>**American Funds**<sup>®</sup> **Global Balanced Fund**<br> **Class 4**<br>| Capital Research and <br> Management Company<br>| 1.01%<sup>1</sup> | 16.96% | &nbsp;&nbsp; 5.85% | &nbsp;&nbsp; 7.43% |
| Allocation - Moderate | American Funds Insurance Series<sup>®</sup> <br>**Asset Allocation Fund**<br> **Class 4**<br>| Capital Research and <br> Management Company<br>| 0.79% | 15.59% | &nbsp;&nbsp; 8.70% | &nbsp;&nbsp; 9.50% |
| Equity - Global Large <br> Cap<br>| American Funds Insurance Series<sup>®</sup> <br>**EUPAC Fund™**<sup>2</sup> <br>**Class 4**<br>| Capital Research and <br> Management Company<br>| 0.97%<sup>1</sup> | 26.41% | &nbsp;&nbsp; 3.14% | &nbsp;&nbsp; 6.73% |
| Equity - Global Large <br> Cap<br>| American Funds Insurance Series<sup>®</sup> <br>**Global Growth Fund**<br> **Class 4**<br>| Capital Research and <br> Management Company<br>| 0.90%<sup>1</sup> | 21.34% | &nbsp;&nbsp; 7.97% | 11.89% |
| Equity - US Large Cap <br> Growth<br>| American Funds Insurance Series<sup>®</sup> <br>**Growth Fund**<br> **Class 4**<br>| Capital Research and <br> Management Company<br>| 0.83% | 19.93% | 13.09% | 17.67% |
| Equity - US Large Cap <br> Blend<br>| American Funds Insurance Series<sup>®</sup> <br>**Growth-Income Fund**<br> **Class 4**<br>| Capital Research and <br> Management Company<br>| 0.78% | 17.77% | 13.62% | 13.63% |
| Equity - Global <br> Emerging Markets<br>| American Funds Insurance Series<sup>®</sup> <br>**New World Fund**<sup>®</sup> <br>**Class 4**<br>| Capital Research and <br> Management Company<br>| 1.07%<sup>1</sup> | 27.92% | &nbsp;&nbsp; 5.06% | &nbsp;&nbsp; 8.98% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund** | **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** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Allocation - Moderate | BlackRock Variable Series Funds, Inc.<br> **BlackRock Global Allocation V.I. Fund**<br> **Class III**<br>| BlackRock Advisors, LLC /<br> BlackRock International <br> Limited, BlackRock <br> (Singapore) Limited<br>| 1.01%<sup>1</sup> | 19.42% | &nbsp;&nbsp; 5.51% | &nbsp;&nbsp; 7.33% |
| Equity - US Mid Cap | Legg Mason Partners Variable Equity Trust<br> **ClearBridge Variable Mid Cap Portfolio**<br> **Class II**<br>| Franklin Templeton Fund <br> Advisor, LLC / ClearBridge <br> Investments, LLC<br>| 1.07% | &nbsp;&nbsp; 4.08% | &nbsp;&nbsp; 4.23% | &nbsp;&nbsp; 7.24% |
| Equity - US Large Cap <br> Value<br>| Columbia Funds Variable Series Trust II<br> **Columbia Variable Portfolio – Select** <br> **Large Cap Value Fund**<br> **Class 2**<br>| Columbia Management <br> Investment Advisers, LLC<br>| 0.94% | 27.97% | 13.32% | 12.30% |
| Allocation - Moderate | First Trust Variable Insurance Trust<br> **First Trust/Dow Jones Dividend & Income** <br> **Allocation Portfolio**<br> **Class I**<br>| First Trust Advisors L.P. | 1.18% | &nbsp;&nbsp; 5.30% | &nbsp;&nbsp; 3.98% | &nbsp;&nbsp; 6.68% |
| Equity - US Large Cap <br> Blend<br>| Goldman Sachs Variable Insurance Trust<br> **Goldman Sachs U.S. Equity Insights Fund**<br> **Service Shares**<br>| Goldman Sachs Asset <br> Management, L.P.<br>| 0.77%<sup>1</sup> | 15.49% | 13.56% | 13.48% |
| Fixed Income - US | AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Core Plus Bond Fund**<br> **Series II**<br>| Invesco Advisers, Inc. | 0.87%<sup>1</sup> | &nbsp;&nbsp; 6.96% | -0.36% | &nbsp;&nbsp; 2.73% |
| Allocation - Moderate | AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Equity and Income Fund**<br> **Series II**<br>| Invesco Advisers, Inc. | 0.82% | 12.52% | &nbsp;&nbsp; 8.68% | &nbsp;&nbsp; 8.64% |
| Allocation - Aggressive | Lazard Retirement Series, Inc.<br> **Lazard Retirement Global Dynamic** <br> **Multi-Asset Portfolio**<br> **Service Shares**<br>| Lazard Asset <br> Management LLC<br>| 1.05%<sup>1</sup> | 15.72% | &nbsp;&nbsp; 5.19% | &nbsp;&nbsp; 5.93% |
| Fixed Income - US | Lord Abbett Series Fund, Inc.<br> **Bond Debenture Portfolio**<br> **Class VC**<br>| Lord, Abbett & Co. LLC | 0.98% | &nbsp;&nbsp; 8.33% | &nbsp;&nbsp; 2.10% | &nbsp;&nbsp; 4.72% |
| Equity - US Small Cap | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Blended Research**<sup>®</sup> **Small Cap** <br> **Equity Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.83%<sup>1</sup> | &nbsp;&nbsp; 5.49% | &nbsp;&nbsp; 6.62% | &nbsp;&nbsp; 8.82% |
| Allocation - Cautious | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Conservative Allocation Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.95% | &nbsp;&nbsp; 9.72% | &nbsp;&nbsp; 2.83% | &nbsp;&nbsp; 5.43% |
| Equity - US Large Cap <br> Blend<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Core Equity Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.03%<sup>1</sup> | 12.22% | 11.26% | 13.53% |
| Equity - Global Large <br> Cap<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Global Growth Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.13%<sup>1</sup> | &nbsp;&nbsp; 7.43% | &nbsp;&nbsp; 6.50% | 11.48% |
| Equity - Real Estate <br> Sector<br>| MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Global Real Estate Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.15%<sup>1</sup> | &nbsp;&nbsp; 3.30% | &nbsp;&nbsp; 1.08% | &nbsp;&nbsp; 4.76% |
| Allocation - Aggressive | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Growth Allocation Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.05% | 11.87% | &nbsp;&nbsp; 5.93% | &nbsp;&nbsp; 8.95% |
| Equity - US Mid Cap | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Mid Cap Growth Series**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.06%<sup>1</sup> | &nbsp;&nbsp; 3.40% | &nbsp;&nbsp; 3.03% | 11.32% |
| Allocation - Moderate | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Moderate Allocation Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.97% | 10.96% | &nbsp;&nbsp; 4.55% | &nbsp;&nbsp; 7.35% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund** | **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** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Equity - US Small Cap | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **New Discovery Series**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.12%<sup>1</sup> | 12.56% | -0.54% | 10.46% |
| Equity - US Small Cap | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **New Discovery Value Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.13%<sup>1</sup> | &nbsp;&nbsp; 2.88% | &nbsp;&nbsp; 8.22% | 10.30% |
| Equity - Technology <br> Sector<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Technology Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.07%<sup>1</sup> | 16.28% | 12.17% | 18.35% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Total Return Bond Series**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.78%<sup>1</sup> | &nbsp;&nbsp; 6.94% | -0.09% | &nbsp;&nbsp; 2.38% |
| Allocation - Moderate | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Total Return Series**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.86%<sup>1</sup> | 10.91% | &nbsp;&nbsp; 6.16% | &nbsp;&nbsp; 7.36% |
| US Money Market | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **U.S. Government Money Market** <br> **Portfolio**<sup>3</sup> <br>**Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.45%<sup>1</sup> | &nbsp;&nbsp; 3.85% | &nbsp;&nbsp; 2.87% | &nbsp;&nbsp; 1.77% |
| Equity - US Large Cap <br> Value<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Value Series**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.94%<sup>1</sup> | 12.77% | &nbsp;&nbsp; 9.69% | &nbsp;&nbsp; 9.77% |
| Allocation - Moderate | Morgan Stanley Variable Insurance Fund, <br> Inc.<br> **Global Strategist Portfolio**<br> **Class II**<br>| Morgan Stanley Investment <br> Management, Inc. / Morgan <br> Stanley Investment <br> Management Limited<br>| 1.00%<sup>1</sup> | 17.36% | &nbsp;&nbsp; 5.21% | &nbsp;&nbsp; 6.75% |
| Equity - US Large Cap <br> Growth<br>| Morgan Stanley Variable Insurance Fund, <br> Inc.<br> **Growth Portfolio**<br> **Class II**<br>| Morgan Stanley Investment <br> Management, Inc.<br>| 0.82%<sup>1</sup> | 35.38% | &nbsp;&nbsp; 3.15% | 17.46% |
| Commodities Broad <br> Basket<br>| PIMCO Variable Insurance Trust<br> **PIMCO CommodityRealReturn**<sup>®</sup> <br> **Strategy Portfolio**<br> **Advisor Class**<br>| Pacific Investment <br> Management Company LLC<br>| 3.29%<sup>1</sup> | 18.85% | 10.47% | &nbsp;&nbsp; 6.43% |
| Fixed Income - Global | PIMCO Variable Insurance Trust<br> **PIMCO International Bond Portfolio** <br> **(U.S. Dollar-Hedged)**<br> **Advisor Class**<br>| Pacific Investment <br> Management Company LLC<br>| 1.19% | &nbsp;&nbsp; 3.85% | &nbsp;&nbsp; 0.93% | &nbsp;&nbsp; 2.78% |
| Fixed Income - US | PIMCO Variable Insurance Trust<br> **PIMCO Total Return Portfolio**<br> **Advisor Class**<br>| Pacific Investment <br> Management Company LLC<br>| 0.83% | &nbsp;&nbsp; 8.78% | -0.08% | &nbsp;&nbsp; 2.26% |
| Allocation - Moderate | Putnam Variable Trust<br> **Putnam VT George Putnam Balanced** <br> **Fund**<br> **Class IB**<br>| Putnam Investment <br> Management, LLC / Franklin <br> Advisers, Inc, Franklin <br> Templeton Investment <br> Management Limited<br>| 0.88% | 13.95% | &nbsp;&nbsp; 8.85% | 10.17% |
| Allocation - Moderate | Putnam Variable Trust<br> **Putnam VT Global Asset Allocation Fund**<br> **Class IB**<br>| Franklin Advisers, Inc. / The <br> Putnam Advisory Company, <br> LLC, Putnam Investment <br> Management, LLC, Franklin <br> Templeton Investment <br> Management Limited<br>| 1.09%<sup>1</sup> | 14.38% | &nbsp;&nbsp; 8.39% | &nbsp;&nbsp; 8.43% |
| Equity - Healthcare <br> Sector<br>| Putnam Variable Trust<br> **Putnam VT Global Health Care Fund**<br> **Class IB**<br>| Putnam Investment <br> Management, LLC / The <br> Putnam Advisory Company, <br> LLC, Franklin Advisers, Inc, <br> Franklin Templeton <br> Investment Management <br> Limited<br>| 1.00% | 15.05% | &nbsp;&nbsp; 7.71% | &nbsp;&nbsp; 8.36% |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **Fund** | **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** | **Adviser/Subadviser** | **Current**<br> **Expenses** | **1 Year** | **5 Year** | **10 Year** |
| Fixed Income - US | Putnam Variable Trust<br> **Putnam VT Income Fund**<br> **Class IB**<br>| Franklin Advisers, Inc. /<br> Putnam Investment <br> Management, LLC, Franklin <br> Templeton Investment <br> Management Limited<br>| 0.82% | &nbsp;&nbsp; 7.25% | -1.13% | &nbsp;&nbsp; 1.89% |
| Equity - US Large Cap <br> Value<br>| Putnam Variable Trust<br> **Putnam VT Large Cap Value Fund**<br> **Class IB**<br>| Putnam Investment <br> Management, LLC / Franklin <br> Advisers, Inc, Franklin <br> Templeton Investment <br> Management Limited<br>| 0.79% | 20.35% | 15.38% | 13.30% |
| Equity - US Large Cap <br> Blend<br>| Putnam Variable Trust<br> **Putnam VT U.S. Research Fund**<sup>4</sup> <br>**Class IB**<br>| Putnam Investment <br> Management, LLC / The <br> Putnam Advisory Company, <br> LLC, Franklin Advisers, Inc, <br> Franklin Templeton <br> Investment Management <br> Limited<br>| 0.93% | 17.88% | 14.52% | 15.07% |
| Fixed Income - US | Legg Mason Partners Variable Income Trust<br> **Western Asset Core Plus VIT Portfolio**<br> **Class II**<br>| Franklin Templeton Fund <br> Adviser, LLC / Western Asset <br> Management Company, LLC, <br> Western Asset Management <br> Company Limited, Western <br> Asset Management Company <br> Pte. Ltd. in Singapore<br>| 0.79%<sup>1</sup> | &nbsp;&nbsp; 7.69% | -1.67% | &nbsp;&nbsp; 1.85% |

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The Fund's current expenses are subject to a temporary expense reimbursement and/or fee waiver. Please refer to the Fund's prospectus for more information.

Prior to May 1, 2026, the name of this fund was International Fund.

There is no assurance that this Fund will be able to maintain a stable net asset value per share. In addition, during periods of low interest rates, and partly as a result of asset based separate account charges, the yield on this Fund may become low and possibly negative.

Prior to May 1, 2026, the name of this fund was Putnam VT Research Fund.

**Fixed Options** 

The following is the list of the Fixed Options currently available under the Contract. We may change the features of the Fixed Options listed below, offer new Fixed Options, and cease offering an existing Fixed Option. We will provide you with written notice before doing so. In the prospectus, see the sections captioned "THE FIXED ACCOUNT" and "THE FIXED ACCOUNT: FIXED OPTIONS", the sub-section captioned "*Dollar-Cost Averaging*" under the "Other Programs" section in "THE ACCUMULATION PHASE" and the "Dollar-Cost Averaging" section of the table in "BENEFITS AVAILABLE UNDER THE CONTRACT" for more information.

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| | | |
|:---|:---|:---|
| **Name** | **Term** | **Minimum Guaranteed Interest Rate** |
| Guarantee Period | One (1) Year | 1% |
| Dollar-Cost Averaging | 6 Months and 12 Months | 1% |

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You can find out about our current Guaranteed Interest Rates by calling us at (800) 374-3714.

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**APPENDIX B -LIST** <br> **OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS** 

If you own any of the optional benefit riders listed below, your Contract is subject to investment restrictions that limit the Investment Options that are available to you:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● GLWB

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● HAV Death Benefit

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● ROP Death Benefit

***If you violate the investment restrictions applicable to your benefit, your benefit will terminate automatically.*** 

***Investment Restrictions*** 

*If you elected a GLWB, HAV Death Benefit, and/or ROP Death Benefit rider, you may not allocate Purchase Payments to the Fixed Options (DCA Program and Guarantee Periods) and you may not transfer Contract Value to a Guarantee Period.* 

If you own any of these optional benefit riders, only the Funds that we have designated as "Designated Funds" are available for investment. We limit the number and type of available Designated Funds and impose minimum and maximum allocation requirements for each Designated Fund category in our sole discretion. Currently, the Designated Funds and four category aggregate allocation percentages, are the following:

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| | | |
|:---|:---|:---|
| Categories | Minimum/Maximum Aggregate<br> Allocation Percentages<br>| Designated Funds |
| Category I | Minimum 20%<br> maximum 100%<br>| &nbsp;&nbsp;&nbsp; American Funds Insurance Series®, Asset Allocation Fund<br> BlackRock Global Allocation V.I. Fund<br> First Trust/Dow Jones Dividend & Income Allocation Portfolio<br> Invesco V.I. Core Plus Bond Fund<br> Lord Abbett Series Fund, Bond Debenture Portfolio<br> MFS® Conservative Allocation Portfolio<br> MFS® U.S. Government Money Market Portfolio<br> MFS® Total Return Bond Series<br> PIMCO Total Return Portfolio<br> PIMCO International Bond Portfolio (U.S. Dollar-Hedged)<br> Putnam VT Income Fund<br> Legg Mason Partners Variable Income Trust, Western Asset Core Plus <br> VIT Portfolio<br>|
| Category II | Minimum 0%<br> maximum 80%<br>| &nbsp;&nbsp;&nbsp; AB Balanced Hedged Allocation Portfolio<br> AB Large Cap Growth Portfolio<br> American Funds Insurance Series®, Global Balanced Fund<br> American Funds Insurance Series®, Global Growth Fund<br> American Funds Insurance Series®, Growth Fund<br> American Funds Insurance Series®, Growth-Income Fund<br> Columbia Variable Portfolio - Select Large Cap Value Fund<br> Goldman Sachs V.S. Equity Insights Fund<br> Invesco V.I. Equity and Income Fund<br> Lazard Retirement Global Dynamic Multi-Asset Portfolio<br> MFS® Core Equity Portfolio<br> MFS® Global Growth Portfolio<br> MFS® Growth Allocation Portfolio<br> MFS® Moderate Allocation Portfolio<br> MFS® Total Return Series<br> MFS® Value Series<br> Morgan Stanley Variable Insurance Fund, Inc., Global Strategist <br> Portfolio<br>|

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| | | |
|:---|:---|:---|
| Categories | Minimum/Maximum Aggregate<br> Allocation Percentages<br>| Designated Funds |
|  |  | Putnam VT Large Cap Value Fund<br> Putnam VT George Putnam Balanced Fund<br> Putnam VT Global Asset Allocation Fund<br> Putnam VT U.S. Research Fund<br>|
| Category III | Minimum 0%<br> maximum 25%<br>| &nbsp;&nbsp;&nbsp; AB Discovery Value Portfolio<br> American Funds Insurance Series®, EUPAC<sup>TM</sup> Fund<br> American Funds Insurance Series®, New World Fund®<br> Legg Mason Partners Variable Equity Trust, ClearBridge Variable Mid <br> Cap Portfolio<br> MFS® Blended Research® Small Cap Equity Portfolio<br> MFS® Mid Cap Growth Series<br> MFS® New Discovery Series<br> MFS® New Discovery Value Portfolio<br> Morgan Stanley Variable Insurance Fund, Inc., Growth Portfolio<br>|
| Category IV | Minimum 0%<br> maximum 10%<br>| MFS® Technology Portfolio<br> MFS® Global Real Estate Portfolio<br> PIMCO Commodity Real Return® Strategy Portfolio<br> Putnam VT Global Health Care Fund<br>|

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You may transfer funds within the categories as long as your allocations remain within the percentage ranges we have established and may change from time to time, and you adhere to the transfer provisions of your Contract. (See "*Transfers Among the Subaccounts and the Fixed Account" and "Restrictions on Frequent Transfers.*")

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**APPENDIX C -STATE** <br> **LAW VARIATIONS** 

***Right to Examine and Cancel*** 

*California, Florida, and North Dakota only* 

You may return and cancel your Contract within 10 days after receiving it (30 days if replacement or any longer period as may be required by applicable law).

The following states permit a longer period than 10 days after receiving your Contract for you to examine and cancel your Contract.

California - 30 days <br>Florida - 21 days <br>North Dakota - 20 days

***Terminal Illness Withdrawal Charge Waiver ("TIW")*** 

*South Dakota only* 

Under the TIW endorsement, we reserve the right to require a second opinion concerning the character and the extent of the Terminal Illness for which a claim is made and to have you examined by a Licensed Physician of our choosing and at our expense. However, for Contracts issued in South Dakota, a second opinion is at our expense and the Licensed Physician must be mutually acceptable to you and the Company.

***Guarantee Periods*** 

*Florida only* 

For Contracts issued in Florida, the Company will offer a one-year Guarantee Period only for the duration of your Contract.

***GLWB*** 

*North Dakota only* 

To determine the maximum Withdrawal Benefit Base of $5,000,000 for Contracts issued in North Dakota, the Company will not aggregate the Withdrawal Benefit Base with the withdrawal benefit bases of other variable annuity contracts owned by you that have been issued by us or our affiliates.

***HAV*** 

HAV is not available for sale in California.

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**APPENDIX D -EXAMPLES** <br> **OF WITHDRAWALS, SURRENDERS, AND WITHDRAWAL CHARGES** 

**Example of Full Withdrawal:** 

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Contract**<br> **Year**<br>| **Purchase**<br> **Payments**<br>| **Hypothetical**<br> **Contract**<br> **Value**<br> **Beginning of**<br> **Year**<br>| **Free**<br> **Withdrawal**<br> **Amount**<br>| **Purchase Payment**<br> **Subject to**<br> **Withdrawal**<br> **Charge**<br>| **Withdrawal**<br> **Charge**<br> **Percentage**<br>| **Withdrawal**<br> **Charge**<br> **Amount**<br>|
| (a) | 1 | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp;&nbsp; 3200 |
|  | 2 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 42000 | &nbsp;&nbsp;&nbsp;&nbsp; 4200 | &nbsp;&nbsp;&nbsp;&nbsp; 37800 | &nbsp;&nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp;&nbsp; 2646 |
|  | 3 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 45000 | &nbsp;&nbsp;&nbsp;&nbsp; 4500 | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; 2400 |
| (b) | 4 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 6% | &nbsp;&nbsp;&nbsp;&nbsp; 2400 |
|  | 5 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 55000 | &nbsp;&nbsp;&nbsp;&nbsp; 5500 | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 5% | &nbsp;&nbsp;&nbsp;&nbsp; 2000 |
|  | 6 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 60000 | &nbsp;&nbsp;&nbsp;&nbsp; 6000 | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 4% | &nbsp;&nbsp;&nbsp;&nbsp; 1600 |
|  | 7 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 70000 | &nbsp;&nbsp;&nbsp;&nbsp; 7000 | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 3% | &nbsp;&nbsp;&nbsp;&nbsp; 1200 |
| (c) | 8 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp;&nbsp; 7500 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 0% | &nbsp;&nbsp;&nbsp;&nbsp; - |

---

(a) The Free Withdrawal Amount in any Contract Year is equal to 10% of the Contract Value on the last Contract Anniversary prior to the withdrawal. In Contract Year 1, the Free Withdrawal Amount is $0 because this example assumes no Required Minimum Distribution is applicable.

(b) In Contract Year 4, the Free Withdrawal Amount is $5,000 which equals 10% of $50,000. On a full withdrawal, the amount subject to a Withdrawal Charge is $40,000.

(c) In Contract Year 8, the Free Withdrawal Amount is $7,500 which is 10% of $75,000. On a full withdrawal, the amount subject to a Withdrawal Charge is $0 since the Purchase Payment amount subject to the Withdrawal Charge equals $0.

**Example of Partial Withdrawal:** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Contract**<br> **Year**<br>| **Purchase**<br> **Payments**<br>| **Hypothetical**<br> **Contract**<br> **Value**<br> **Beginning of**<br> **Year**<br>| **Hypothetical**<br> **Contract**<br> **Value**<br> **before**<br> **Withdrawal**<br>| **Amount of**<br> **Withdrawal**<br>| **Remaining**<br> **Free**<br> **Withdrawal**<br> **Amount**<br> **After**<br> **Withdrawal**<br>| **Amount of**<br> **Withdrawal**<br> **Subject to**<br> **Withdrawal**<br> **Charge**<br>| **Withdrawal**<br> **Charge**<br> **Percentage**<br>| **Withdrawal**<br> **Charge**<br> **Amount**<br>| **Hypothetical**<br> **Contract**<br> **Value after**<br> **Withdrawal**<br>|
|  | 1 | 40000 | 40000 | 41000 | - |  | - | 8% | - | 41000 |
|  | 2 | - | 42000 | 42000 | - | 4200 | - | 7% | - | 42000 |
|  | 3 | - | 45000 | 50000 | - | 4500 | - | 6% | - | 50000 |
| (a) | 4 | - | 50000 | 50000 | 4000 | 1000 | - | 6% | - | 46000 |
| (b) | 4 | - | 50000 | 46000 | 5000 | - | 4000 | 6% | 240 | 41000 |
| (c) | 4 | - | 50000 | 41000 | 6000 | - | 6000 | 6% | 360 | 35000 |
| (d) | 4 | - | 50000 | 35000 | 35000 | - | 30000 | 6% | 1800 | - |

---

(a) In Contract Year 4, the Free Withdrawal amount is $5,000 which equals 10% of $50,000. The partial withdrawal amount of $4,000 is less than the Free Withdrawal Amount, so there is no Withdrawal Charge.

(b) Since a partial withdrawal of $4,000 was taken, the remaining Free Withdrawal Amount in Contract Year 4 is $5,000 - $4,000 = $1,000. Therefore $1,000 of the $5,000 withdrawal is not subject to a Withdrawal Charge, and $4,000 is subject to a Withdrawal Charge. Of the $9,000 withdrawn to date, $5,000 was attributable to the Free Withdrawal Amount and $4,000 was subject to a Withdrawal Charge.

------

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

(c) Since partial withdrawals of $9,000 were taken, the remaining Free Withdrawal Amount in Contract Year 4 is $0; therefore all $6,000 is subject to a Withdrawal Charge. Of the $15,000 withdrawn to date, $5,000 has been from the Free Withdrawal Amount and $10,000 was subject to a Withdrawal Charge.

(d) The remaining $35,000 is withdrawn. The Withdrawal Charge is 6% of $30,000 = $1,800. The amount subject to a Withdrawal Charge is $25,000 which represents total Purchase Payments not already withdrawn. The total Contract Year 4 Withdrawal Charge is $2,400 which is the same amount that was assessed for a full withdrawal in Contract Year 4 in the Full Withdrawal example.

------

**APPENDIX E -EXAMPLES** <br> **OF CALCULATION OF FREE WITHDRAWAL AMOUNT** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Contract**<br> **Year**<br>| **Purchase**<br> **Payments**<br>| **Hypothetical**<br> **Contract**<br> **Value**<br> **Beginning**<br> **of Year**<br>| **Hypothetical**<br> **Contract**<br> **Value**<br> **before**<br> **Withdrawal**<br>| **Free**<br> **Withdrawal**<br> **Amount**<br>| **Amount of**<br> **Withdrawals**<br>| **Remaining**<br> **Free**<br> **Withdrawal**<br> **Amount**<br> **After**<br> **Withdrawal**<br>| **Hypothetical**<br> **Contract**<br> **Value after**<br> **Withdrawal**<br>|
|  | 1 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 110000 |
|  | 2 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp; 11000 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 11000 | &nbsp;&nbsp;&nbsp;&nbsp; 110000 |
|  | 3 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 110000 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 11000 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 11000 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 |
| (a) | 4 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 150000 |
| (b) | 4 | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 190000 |
|  | 5 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; 190000 |
|  | 6 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; 190000 |
|  | 7 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; 190000 |
| (c) | 8 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; 190000 |
| (d) | 8 | &nbsp;&nbsp;&nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; 210000 |
| (d) | 8 | &nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 190000 | &nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp; 19000 | &nbsp;&nbsp;&nbsp;&nbsp; 18000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 | &nbsp;&nbsp;&nbsp;&nbsp; 192000 |

---

(a) In Contract Year 4, a request for the entire Free Withdrawal Amount is received. The Free Withdrawal Amount of $15,000, equals 10% of $150,000, which was the Contract Value on the last Contract Anniversary prior to the withdrawal.

(b) Later in Contract Year 4, an additional Purchase Payment of $40,000 is made. However, because the Free Withdrawal Amount is based on the Contract Value as of the last Contract Anniversary and the full Free Withdrawal Amount has already been withdrawn, there is no additional Free Withdrawal Amount available from the additional Purchase Payment.

(c) In Contract Year 8, a request for a partial withdrawal is received. The Free Withdrawal Amount of $19,000, equals 10% of $190,000, which was the Contract Value on the last Contract Anniversary prior to withdrawal.

(d) Later in Contract Year 8, an additional Purchase Payment of $20,000 is received. However, because the Free Withdrawal Amount is based on the Contract Value on the last Contract Anniversary, there is no additional Free Withdrawal Amount available from the subsequent Purchase Payment.

------

The Statement of Additional Information ("SAI") dated June 30, 2026 includes additional information. The SAI is incorporated by reference into this prospectus. The SAI is available without charge at https://dfinreports.com/DelawareLife, by calling (800) 477-6545, or by sending an email request to customer.relations@delawarelife.com. The SAI is also available on our website at https://dfinview.com/delawarelife/TAHD/246115166?site=Annuity. You may request other information about your Contract and make investor inquiries by calling us at (877) 253-2323.

Reports and other information about the Variable Account are available on the SEC's website at https://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 Contract Identifier No. C000204561

------

PART B

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**Delaware Life Masters Prime**<sup>®</sup> **Variable Annuity**

**FLEXIBLE PAYMENT DEFERRED VARIABLE ANNUITY CONTRACTS**

**DELAWARE LIFE VARIABLE ACCOUNT F (the "Variable Account")**

**A SEPARATE ACCOUNT OF**

**DELAWARE LIFE INSURANCE COMPANY ("Delaware life")**

**STATEMENT OF ADDITIONAL INFORMATION**

**June 30, 2026**

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
| [DELAWARE LIFE INSURANCE COMPANY AND THE VARIABLE ACCOUNT](#xx_af6363a8-a563-4193-ba80-fed83585938a_1) | 2 |
| [DISTRIBUTION OF THE CONTRACT](#xx_af6363a8-a563-4193-ba80-fed83585938a_1) | 2 |
| [PERFORMANCE CALCULATION AND OTHER RELATED INFORMATION](#xx_af6363a8-a563-4193-ba80-fed83585938a_1) | 2 |
| [ANNUITY PROVISIONS](#xx_af6363a8-a563-4193-ba80-fed83585938a_3) | 4 |
| [CUSTODIAN](#xx_af6363a8-a563-4193-ba80-fed83585938a_3) | 4 |
| [OTHER SERVICE PROVIDERS](#xx_af6363a8-a563-4193-ba80-fed83585938a_3) | 4 |
| [EXPERTS](#xx_af6363a8-a563-4193-ba80-fed83585938a_4) | 5 |
| [FINANCIAL STATEMENTS](#xx_af6363a8-a563-4193-ba80-fed83585938a_4) | 5 |

---

The Statement of Additional Information ("SAI") is not a prospectus. Terms used in this SAI have the same meanings as are defined in the Delaware Life Masters Prime<sup>®</sup> Variable Annuity Prospectus. Much of the information contained in this SAI expands upon subjects discussed in the Prospectus. Therefore, this SAI should be read in conjunction with the Prospectus, dated June 30, 2026, as supplemented, which may be obtained without charge at https://dfinreports.com/DelawareLife, or calling (800) 477-6545, or writing to Delaware Life Insurance Company, P.O. Box 758581, Topeka, KS 66675-8581. The Prospectus is also available on our website at https://dfinview.com/DelawareLife/TAHD/246115166?site=Annuity.

------

**DELAWARE LIFE INSURANCE COMPANY AND THE VARIABLE ACCOUNT** 

DLIC Sub-Holdings, LLC is the Company's direct parent company. DLIC Sub-Holdings, LLC is ultimately controlled by Mark R. Walter. Mr. Walter ultimately controls the Company through the following intervening companies: DLIC Sub-Holdings, LLC, DLIC Holdings, LLC, Group 1001 Insurance Holdings, LLC, Group 1001, Inc., TWG Financial Holdings, LLC, TWG Global, LLC, TWG Global Parent, LLC,TWG Global Holdings, LLC, DLHPII Equity Participation Company, LLC, TWF Global Holdings, LLC and DLICM, LLC.

Delaware Life Variable Account F, was established in accordance with Delaware law on December 3, 1985 and is registered with the Securities and Exchange Commission under the Investment Company Act of 1940 as a unit investment trust.

**DISTRIBUTION OF THE CONTRACT**

We offer the Contract on a continuous basis through the general distributor and principal underwriter of the Contracts, Clarendon Insurance Agency, Inc. ("Clarendon"). Clarendon is registered with the Securities and Exchange Commission ("SEC") as a broker-dealer and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Contract is sold by registered representatives of broker-dealers who have entered into selling agreements with Delaware Life and Clarendon. Clarendon also acts as the general distributor of certain other annuity and variable life insurance contracts issued by Delaware Life. Clarendon's principal business address is 230 Third Avenue, 6th Floor, Waltham, MA 02451.

Underwriting and distribution costs are borne directly by Delaware Life. Clarendon is not directly compensated for distribution of the Contracts. Delaware Life reimburses Clarendon for the cost of distribution services for the Contract. The reimbursement includes direct and directly allocable expenses for the distribution services and expenses for direct overhead.

The allocable expenses and overhead charges shall include, without limitation: all necessary examination and registration fees and other expenses of any type incurred by Clarendon with respect to the registration with FINRA of individuals employed by or otherwise associated with Delaware Life; all necessary training and continuing education expenses incurred by Clarendon with respect to FINRA-registered individuals who are employed by or otherwise associated with Delaware Life; all filing fees incurred by Clarendon with respect to the filing with FINRA of sales and advertising material for the Contracts; salaries and payroll taxes for personnel performing distribution services; license and registration fees; equipment and supplies; computer charges; consulting, accounting and legal fees; travel expenses; rent and other reasonable and customary business overhead charges; and all other charges, costs, and expenses reasonably incurred in connection with providing the distribution services. In addition to commissions, Delaware Life may, from time to time, pay or allow additional promotional incentives, in the form of cash or other non-cash compensation. Delaware Life reserves the right to offer these additional incentives only to certain broker- dealers that sell or are expected to sell during specified time periods certain minimum numbers of Contracts or other contracts offered by Delaware Life. Promotional incentives may change at any time.

Total commissions paid on behalf of Clarendon by Delaware Life in connection with other contracts issued through the Variable Account during 2023, 2024, and 2025 were approximately $52,432,425, and $56,864,156 and $51,672,863, respectively.

**PERFORMANCE CALCULATION AND OTHER RELATED INFORMATION** 

From time to time our advertising and other promotional material may quote the performance (yield and total return) of a Sub-Account. In addition, our reports or other communications to current contract owners may also quote the yield on total return of a Sub-Account. Quoted results are based on past performance and reflect the performance of all assets held in that Sub-Account for the stated time period. QUOTED RESULTS ARE NEITHER AN ESTIMATE NOR A GUARANTEE OF FUTURE INVESTMENT PERFORMANCE, AND DO NOT REPRESENT THE ACTUAL EXPERIENCE OF AMOUNTS INVESTED BY ANY PARTICULAR CONTRACT OWNER.

------

**Calculation of Yield and Effective Yield for the Money Market Fund Sub-Account** 

We calculate the yield of the Money Market Fund Sub-Account for a 7-day period by determining the net change (including the standard charges for a Contract or Account), exclusive of capital changes and income, other than investment income, in the value of a hypothetical investment in the Money Market Fund Sub-Account. We assume the following. There is an investment equal to one share on Day 1. We then determine the value of the hypothetical investment in the Money Market Fund Sub-Account on Day 7. The Day 7 value minus the Day 1 value is the net change in value for the hypothetical investment in the Money Market Fund Sub-Account. The net change in value divided by Day 1 value give us the 7-day return for the hypothetical investment in the Money Market Fund Sub-Account. We then multiply the 7-day return by 365/7, with the resulting yield figure carried at least to the nearest hundredth of one percent.

The effective yield calculation is similar, except we assume all returns or interest are reinvested for the period in the Money Market Fund Sub-Account. For effective yield, we also carry the results to the nearest hundredth of one percent.

The calculation of yield and effective yield of the Money Market Fund Sub-Account does not include any charges for optional benefits, if available and selected by you, which would lower this performance.

Any performance advertising of yield and effective yield for the Money Market Fund Sub-Account will be accompanied by the standardized total return for the Sub-Account.

**Calculation of Yield for Non-Money Market Fund Sub-Accounts** 

We calculate yield on a thirty-day period by dividing the net investment income per Accumulation Unit earned during the period by the maximum offering price per unit on the last day of the period, according to the following formula:

YIELD = 2[( <u> *a - b* </u> +1)<sup>6</sup> -1] <br> *cd*

Where:

a

= net investment income earned during the period by the Fund attributable to Sub-Account shares.

b

= expenses accrued for the period (net of reimbursements).

c

= the average daily number of Accumulation Units outstanding during the period.

d

= the maximum offering price per Accumulation Unit on the last day of the period.

Any performance advertising of yield for the non-Money Market Fund Sub-Accounts will be accompanied by the standardized total return for the Sub-Account.

**Calculation of Total Return** 

For the 1-, 5- and 10-year periods, we calculate the average annual total return according to the following formula:

P(1+T)<sup>n</sup> = ERV

Where:

P

= a hypothetical initial payment of $1,000

T

= average annual total return

n

= number of years

ERV = ending redeemable value of a hypothetical $1,000 payment made at the beginning of the year period(s) at the end of the year period(s) (or fractional portion thereof).

------

The average annual total return will include the standard charges for the Contract or Account. The calculation of total return for the Sub-Accounts does not include any charges for optional benefits, if available and selected by you, which would lower this performance.

**Non-Standardized Performance** 

We also advertise hypothetical total return performance for the Sub-Accounts before the inception of the Variable Account and may advertise other non-standardized performance total return. Non-standardized performance total return will be accompanied by standardized performance total return.

**Other Performance Information** 

Delaware Life may also distribute other performance information including, but not limited to, sales material which compares the Contract or Account and its optional benefits, if any, and/or the performance of the Contract or Account with other third-party variable and fixed annuities. In addition, we may use advertisements that include Delaware Life's credit rating by nationally recognized statistical rating organizations such as AM Best and Standard and Poor's. From time to time, we may also advertise comparisons, such as tax-deferred compounding charts and other hypothetical illustrations, with comparisons of taxable and tax-deferred investments.

**ANNUITY PROVISIONS**

During the Accumulation Phase, you may at any time elect an Annuity Income Date to begin receiving payments under any available Annuity Option. On the Annuity Income Date, the Company will apply the Contract Value, less any applicable premium tax or similar tax, to an Annuity Option.

The Income Phase of your Contract begins on the Annuity Income Date when we make the first annuity payment.

Currently, only Fixed Annuity Options are available under the Contract.

See "Income Phase - Annuitization Provisions" in the Prospectus.

**CUSTODIAN** 

Delaware Life is the Custodian of the assets of the Variable Account. Its main administrative offices are at 10555 Group 1001 Way, Zionsville, IN 46077. The assets of the Variable Account are kept physically segregated and held separate and apart from the general account of Delaware Life. We will purchase Fund shares at net asset value in connection with amounts allocated to the Subaccounts in accordance with your instructions, and we will redeem Fund shares at net asset value for the purpose of meeting the contractual obligations of the Variable Account, paying charges relative to the Variable Account or making adjustments for annuity reserves held in the Variable Account, if any.

**OTHER SERVICE PROVIDERS** 

SE2, LLC ("SE2"), a third-party provider of contract administration services for life insurance companies, administers the Contracts. See "Administration of the Contract" in the Prospectus for additional information about SE2. During 2023, 2024, and 2025, Delaware Life paid SE2 approximately $29,208, $27,873, and $30,628, respectively, for services associated with the administration of the Contracts.

------

**EXPERTS**

The financial statements of Delaware Life Insurance Company as of December 31, 2025 and 2024 and for each of the years in the three-year period ended, and the financial statements of each of the sub-accounts of Delaware Life Variable Account F, as of December 31, 2025 and for each of the years in the two-year period ended December 31, 2025, have been incorporated by reference herein in reliance upon the reports of KPMG LLP, independent registered public accounting firm, incorporated by reference herein and upon the authority of said firm as experts in accounting and auditing.

The KPMG LLP report dated June 26, 2026, of Delaware Life Insurance Company includes explanatory language that states that the financial statements are prepared by Delaware Life Insurance Company using statutory accounting practices prescribed or permitted by the Delaware Department of Insurance, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the KPMG LLP audit report states that the financial statements are not presented fairly in accordance with U.S. generally accepted accounting principles and further states that those statements are presented fairly, in all material respects, in accordance with statutory accounting practices prescribed or permitted by the Delaware Department of Insurance.

**FINANCIAL STATEMENTS** 

The financial statements are incorporated by reference to submission form [N-VPFS/A filed on June 29, 2026](https://www.sec.gov/Archives/edgar/data/853285/000119312526286705/d74573dnvpfsa.htm), for Delaware Life Insurance Company and Delaware Life Variable Account F. The statutory-basis financial statements of Delaware Life Insurance Company are provided as relevant to its ability to meet its financial obligations under the Contracts and should not be considered as bearing on the investment performance of the assets held in the Variable Account.

------

PART C <br>OTHER INFORMATION

Item 27. EXHIBITS

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| | |
|:---|:---|
| (a) | &nbsp;&nbsp; Resolution of Board of Directors of the Depositor dated December 3, 1985 authorizing the establishment of the <br> Registrant (Incorporated herein by reference to the Registration Statement on Form N-4, File No. 333-37907, filed on <br> October 14, 1997); [Exhibit (a)](http://www.sec.gov/Archives/edgar/data/853285/0001047469-97-000745-index.html)<br>|
| (b) | Not Applicable. |
| (c)(1) | &nbsp;&nbsp; Principal Underwriter's Agreement by and between Sun Life Assurance Company of Canada (U.S.) and Clarendon <br> Insurance Agency, Inc. (Incorporated herein by reference to Post-Effective Amendment No. 16 to the Registration <br> Statement on Form N-4, File No. 333-83364, filed on or about April 28, 2009); [Exhibit (c)(1)](http://www.sec.gov/Archives/edgar/data/853285/000114036109010375/exhibit31.htm)<br>|
| (c)(1)(i) | &nbsp;&nbsp; Amendment No. 1 to Principal Underwriter's Agreement by and between Sun Life Assurance Company of Canada <br> (U.S.) and Clarendon Insurance Agency, Inc. (Incorporated herein by reference to Post-Effective Amendment No. 16 <br> to the Registration Statement on Form N-4, File No. 333-83364, filed on or about April 28, 2009); [Exhibit (c)(1)(i)](http://www.sec.gov/Archives/edgar/data/853285/000114036109010375/exhibit32.htm)<br>|
| (c)(1)(ii) | &nbsp;&nbsp; Amendment No. 2 to Principal Underwriter's Agreement by and between Sun Life Assurance Company of Canada <br> (U.S.) and Clarendon Insurance Agency, Inc. (Incorporated herein by reference to Post-Effective Amendment No. 12 <br> to the Registration Statement of Delaware Life Variable Account I on Form N-6, File No. 333-100829, filed on April <br> 27, 2010); [Exhibit (c)(1)(ii)](http://www.sec.gov/Archives/edgar/data/1074760/000107476010000008/exc3.htm)<br>|
| (c)(1)(iii) | &nbsp;&nbsp; Amendment No. 3 to Principal Underwriter's Agreement by and between Sun Life Assurance Company of Canada <br> (U.S.) and Clarendon Insurance Agency, Inc. (Incorporated herein by reference to Post-Effective Amendment No. 12 <br> to the Registration Statement of Delaware Life Variable Account I on Form N-6, File No. 333-100829, filed on April <br> 27, 2010); [Exhibit (c)(1)(iii)](http://www.sec.gov/Archives/edgar/data/1074760/000107476010000008/exc4.htm)<br>|
| (c)(2) | &nbsp;&nbsp; Form of Sales Operations and General Agent Agreement; (Incorporated herein by reference to Post-Effective <br> Amendment No. 1 to the Registration Statement on Form N-4, File No., 333-225901 filed on April 26, 2019) [Exhibit <br>(c)(2)](http://www.sec.gov/Archives/edgar/data/853285/000119312519120913/d630165dex993ci.htm)<br>|
| (d)(1) | &nbsp;&nbsp; Form of Flexible Payment Individual Deferred Variable Annuity Contract (Incorporated herein by reference to the <br> Registration Statement on Form N-4, File No., 333-225901 filed on June 27, 2018); [Exhibit (d)(1)](http://www.sec.gov/Archives/edgar/data/853285/000119312518204773/d564355dex994a.htm)<br>|
| (d) (1)(i) | &nbsp;&nbsp; Form of Contract Specifications (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to the <br> Registration Statement on Form N-4, File No., 333-225901 filed on October 1, 2018); [Exhibit (d)(1)(i)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex994a1.htm)<br>|
| (d)(2) | &nbsp;&nbsp; GLWB Rider to Flexible Payment Individual Deferred Variable Annuity Contract (Incorporated herein by reference to <br> the Registration Statement on Form N-4, File No., 333-225901 filed on June 27, 2018); [Exhibit (d)(2)](http://www.sec.gov/Archives/edgar/data/853285/000119312518204773/d564355dex994b.htm)<br>|
| (d)(2)(i) | &nbsp;&nbsp; Form of Additional Benefit Specifications Guaranteed Living Withdrawal Benefit Rider (Incorporated herein by <br> reference to the Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No., 333-225901<br> filed on October 1, 2018); [Exhibit (d)(2)(i)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex994b1.htm)<br>|
| (d)(3) | &nbsp;&nbsp; HAV Death Benefit Rider to Flexible Payment Individual Deferred Variable Annuity Contract (Incorporated herein <br> by reference to the Registration Statement on Form N-4, File No., 333-225901 filed on June 27, 2018); [Exhibit (d)(3)](http://www.sec.gov/Archives/edgar/data/853285/000119312518204773/d564355dex994c.htm)<br>|
| (d)(3)(i) | &nbsp;&nbsp; Form of Additional Benefit Specifications HAV Death Benefit Rider (Incorporated herein by reference to the <br> Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No., 333-225901 filed on <br> October 1, 2018); [Exhibit (d)(3)(i)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex994c1.htm)<br>|
| (d)(4) | &nbsp;&nbsp; ROP Death Benefit Rider to Flexible Payment Individual Deferred Variable Annuity Contract (Incorporated herein by <br> reference to the Registration Statement on Form N-4, File No., 333-225901 filed on June 27, 2018); [Exhibit (d)(4)](http://www.sec.gov/Archives/edgar/data/853285/000119312518204773/d564355dex994d.htm)<br>|
| (d)(4)(i) | &nbsp;&nbsp; Form of Additional Benefit Specifications ROP Death Benefit Rider (Incorporated herein by reference to the <br> Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No., 333-225901 filed on <br> October 1, 2018); [Exhibit (d)(4)(i)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex994d1.htm)<br>|
| (d)(5) | &nbsp;&nbsp; Nursing Home Waiver Endorsement to Flexible Payment Individual Deferred Variable Annuity Contract <br> (Incorporated herein by reference to the Registration Statement on Form N-4, File No., 333-225901 filed on June 27, <br> 2018); [Exhibit (d)(5)](http://www.sec.gov/Archives/edgar/data/853285/000119312518204773/d564355dex994e.htm)<br>|
| (d)(6) | &nbsp;&nbsp; Terminal Illness Waiver Endorsement to Flexible Payment Individual Deferred Variable Annuity Contract <br> (Incorporated herein by reference to the Registration Statement on Form N-4, File No., 333-225901 filed on June 27, <br> 2018); [Exhibit (d)(6)](http://www.sec.gov/Archives/edgar/data/853285/000119312518204773/d564355dex994f.htm)<br>|
| (e) | &nbsp;&nbsp; Application to be used with to Flexible Payment Individual Deferred Variable Annuity Contract (Incorporated herein <br> by reference to the Registration Statement on Form N-4, File No., 333-225901 filed on June 27, 2018); [Exhibit (e)](http://www.sec.gov/Archives/edgar/data/853285/000119312518204773/d564355dex995.htm)<br>|

---

------

---

| | |
|:---|:---|
| (f)(1) | &nbsp;&nbsp; Certificate of Incorporation of the Depositor (Incorporated herein by reference to Post-Effective Amendment No. 51 <br> to the Registration Statement on Form N-4, File No. 333-83516, filed on August 11, 2014); [Exhibit (f)(1)](http://www.sec.gov/Archives/edgar/data/853285/000085328514000957/exhibit6a.htm)<br>|
| (f)(2) | &nbsp;&nbsp; By-Laws of the Depositor (Incorporated herein by reference to Post-Effective Amendment No. 51 to the Registration <br> Statement on Form N-4, File No. 333-83516, filed on August 11, 2014); [Exhibit (f)(2)](http://www.sec.gov/Archives/edgar/data/853285/000085328514000957/exhibit6b.htm)<br>|
| (g) | Not Applicable. |
| (h)(1) | &nbsp;&nbsp; Participation Agreement, dated May 1, 2001, as amended through March 26, 2018, by and among Delaware Life <br> Insurance Company, Clarendon Insurance Agency, Inc., AllianceBernstein L.P. and AllianceBernstein Investments, <br> Inc. (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to the Registration Statement on Form <br> N-4, File No. 333-225901 filed on October 1, 2018); [Exhibit (h)(1)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998a.htm)<br>|
| (h)(2) | &nbsp;&nbsp; Participation Agreement, dated February 17, 1998, as amended through September 18, 2014, by and among Delaware <br> Life Insurance Company, Clarendon Insurance Agency, Inc., AIM Variable Insurance Funds (Invesco Variable <br> Insurance Funds) and Invesco Distributors, Inc. (Incorporated herein by reference to the Pre-Effective Amendment <br> No. 1 to the Registration Statement on Form N-4, File No. 333-225901 filed on October 1, 2018): [Exhibit (h)(2)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998b.htm)<br>|
| (h)(3) | &nbsp;&nbsp; Participation Agreement, dated October 1, 2008, as amended through July 2, 2020, by and among Delaware Life <br> Insurance Company and Delaware Life Insurance Company of New York, American Funds Insurance Series, and <br> Capital Research and Management Company (Incorporated herein by reference to the Pre-Effective Amendment <br> No. 1 to the Registration Statement on Form N-4, File No. 333-225901 filed on October 1, 2018): [Exhibit (h)(3)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998c.htm)<br>|
| (h)(4) | &nbsp;&nbsp; Participation Agreement, dated May 13, 2004 as amended through June 19, 2018, by and among Delaware Life <br> Insurance Company and Delaware Life Insurance Company of New York, BlackRock Variable Series Funds, Inc., <br> BlackRock Advisors, LLC, and BlackRock Investments, LLC (Incorporated herein by reference to the Pre-Effective <br> Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-225901 filed on October 1, 2018); <br> [Exhibit (h)(4)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998d.htm)<br>|
| (h)(5) | &nbsp;&nbsp; Participation Agreement, dated April 26, 2013, as amended through July 1, 2018, by and among Delaware Life <br> Insurance Company, Delaware Life Insurance Company of New York, Delaware Life Insurance and Annuity <br> Company (Bermuda) Ltd., Columbia Funds Variable Insurance Trust, Columbia Management Investment Advisers, <br> LLC, and Columbia Management Investment Distributors, Inc. (Incorporated herein by reference to the Pre-Effective <br> Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-225901 filed on October 1, 2018); <br> [Exhibit (h)(5)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998e.htm)<br>|
| (h)(6) | &nbsp;&nbsp; Participation Agreement, dated September 27, 2018, as amended through August 21, 2020 by and among Goldman <br> Sachs Variable Insurance Trust and Goldman Sachs & Co. LLC, dated September 27, 2018 (Incorporated herein by <br> reference to the Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-225901<br> filed on October 1, 2018); [Exhibit (h)(6)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998f.htm)<br>|
| (h)(7) | &nbsp;&nbsp; Participation Agreement, dated April 24, 2009, as amended through May 29, 2018, by and among Delaware Life <br> Insurance Company of New York and Delaware Life Insurance Company, JPMorgan Insurance Trust and J. P. Morgan <br> Investment Management Inc. (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to the <br> Registration Statement on Form N-4, File No. 333-225901 filed on October 1, 2018); [Exhibit (h)(7)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998g.htm)<br>|
| (h)(8) | &nbsp;&nbsp; Participation Agreement, dated December 3, 2007, as amended through May 1, 2018, by and among Delaware Life <br> Insurance Company, Delaware Life Insurance Company of New York, Lazard Asset Management Securities LLC, <br> and Lazard Retirement Series, Inc. (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to the <br> Registration Statement on Form N-4, File No. 333-225901 filed on October 1, 2018); [Exhibit (h)(8)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998h.htm)<br>|
| (h)(9) | &nbsp;&nbsp; Participation Agreement, dated February 17, 1998, as amended through August 2, 2018, by and among Delaware Life <br> Insurance Company and Delaware Life Insurance Company of New York, Legg Mason Partners Fund Advisor, LLC**,** <br> Legg Mason Partners Variable Equity Trust and Legg Mason Partners Variable Income Trust (Incorporated herein by <br> reference to the Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-225901<br> filed on October 1, 2018); [Exhibit (h)(9)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998i.htm)<br>|
| (h)(10) | &nbsp;&nbsp; Participation Agreement, dated February 17, 1998, as amended through July 23, 2018, by and among Delaware Life <br> Insurance Company, Delaware Life Insurance Company of New York, Lord Abbett Series Fund, Inc. and Lord, <br> Abbett & Co. LLC (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to the Registration <br> Statement on Form N-4, File No., 333-225901 filed on October 1, 2018); [Exhibit (h)(10)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998j.htm)<br>|
| (h)(11) | &nbsp;&nbsp; Participation Agreement, dated December 1, 2012, as amended through September 8, 2014, by and among Delaware <br> Life Insurance Company of New York and Delaware Life Insurance Company, MFS Variable Insurance Trusts I, II <br> and III, and MFS Fund Distributors, Inc. (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to <br> the Registration Statement on Form N-4, File No., 333-225901 filed on October 1, 2018); [Exhibit (h)(11)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998k.htm)<br>|

---

------

---

| | |
|:---|:---|
| (h)(12) | &nbsp;&nbsp; Participation Agreement, dated May 1, 2004, as amended through June 23, 2020, by and among Delaware Life <br> Insurance Company, The Morgan Stanley Variable Insurance Fund, Inc., Morgan Stanley Investment <br> Management Inc. and Morgan Stanley Distribution, Inc (Incorporated herein by reference to the Pre-Effective <br> Amendment No. 1 to the Registration Statement on Form N-4, File No., 333-225901 filed on October 1, 2018); <br> [Exhibit (h)(l2)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998l.htm)<br>|
| (h)(13) | &nbsp;&nbsp; Participation Agreement, dated September 16, 2002, as amended through June 25, 2020, by and among Delaware <br> Life Insurance Company, Delaware Life Insurance Company of New York, PIMCO Variable Insurance Trust and <br> PIMCO Investments (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to the Registration <br> Statement on Form N-4, File No., 333-225901 filed on October 1, 2018); [Exhibit (h)(13)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998m.htm)<br>|
| (h)(14) | &nbsp;&nbsp; Participation Agreement, dated August 1, 2011, as amended through May 16, 2018, by and among Delaware Life <br> Insurance Company of New York and Delaware Life Insurance Company, Putnam Variable Trust and Putnam Retail <br> Management Limited Partnership (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to the <br> Registration Statement on Form N-4, File No. 333-225901 filed on October 1, 2018); [Exhibit (h)(14)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998n.htm)<br>|
| (h)(15) | &nbsp;&nbsp; Participation Agreement, dated March 3, 2020, by and among Delaware Life Insurance Company, First Trust <br> Variable Insurance Trust, and First Trust Portfolios, L.P.; [Exhibit (h)(15)](http://www.sec.gov/Archives/edgar/data/853285/000168386320005877/f4525d2.htm)<br>|
| (h)(16) | &nbsp;&nbsp; Form of Letter Amendment to Participation Agreement, which removed Delaware Life Insurance Company of New <br> York as a party to the Participation Agreements, Exhibits (h)(3)-(h)(11) and (h)(13)-(h)(14), (Incorporated herein by <br> reference to Post-Effective Amendment No. 24 to the Registration Statement on Form N-4, File No. 333-168710 filed <br> on April 29, 2025); [Exhibit (h)(16)](https://www.sec.gov/Archives/edgar/data/853285/000119312525103426/d830990dex99h16.htm)<br>|
| (i) | &nbsp;&nbsp; Master Services Agreement by and between Sun Life Assurance Company of Canada (U.S.) and SE2, Inc., dated <br> December 1, 2013. (Incorporated herein by reference to Post-Effective Amendment No. 15 to the Registration <br> Statement on Form N-6, File No. 333-143354, filed on April 29, 2015.); [Exhibit (i)](http://www.sec.gov/Archives/edgar/data/1074760/000119312515155139/d892742dex99i2.htm)<br>|
| (i)(2) | [Services Agreement, dated July 1, 2025, between Zinnia Tech Solutions LLC and Delaware Life Insurance <br>Company.](d58562dex99i2.htm)\* |
| (i)(3) | [Third Party Administration Addendum to the Services Agreement, dated July 1, 2025, among Zinnia Tech <br>Solutions LLC, Se2, LLC, Zinnia Digital Service LLP, Delaware Life Insurance Company and Security Distributors, <br>LLC.](d58562dex99i3.htm)\* |
| (i)(4) | [Order Form, dated July 1, 2025, between Zinnia Tech Solutions LLC and Delaware Life Insurance Company.](d58562dex99i4.htm)\* |
| (j) | Not Applicable (Other Material Contracts) |
| (k)(1) | [Opinion of Counsel as to the legality of the securities being registered and Consent to its use](d58562dex99k1.htm);<sup>\*</sup>  |
| (k)(2) | [Representation of Counsel Pursuant to Rule 485(b)](d58562dex99k2.htm)\*;  |
| (1) | Not Applicable (Other Opinions); |
| (m) | Not Applicable (Omitted Financial Statements); |
| (n) | Not Applicable (Initial Capital Agreements); |
| (o) | &nbsp;&nbsp; Form of Initial Template Summary Prospectus (Incorporated by reference to Post-Effective Amendment No. 5 to the <br> Registration Statement on Form N-4, File No. 333- 225901, filed on October 8, 2021); [Exhibit (o)](http://www.sec.gov/Archives/edgar/data/853285/000119312521295246/d225030dex99o.htm)<br>|
| (p) | [Powers of Attorney](d58562dex99p.htm)\*;  |
| (q) | [Resolution of the Board of Directors of the Depositor authorizing the use of powers of attorney for Officer <br>signatures](d58562dex99q.htm)\* |
| (r) | [Organization Chart for DLIC Sub-Holdings, LLC, the Depositor and Registrant](d58562dex99r.htm)\*  |
| (s) | [Consents of Independent Registered Public Accounting Firm](d58562dex99s.htm)\*  |

---

\*

Filed herewith

Item 28. DIRECTORS AND OFFICERS OF THE DEPOSITOR

Name and Principal Business Address Positions and Offices With Depositor <br> Dennis A. Cullen Delaware Life Insurance Company 10555 Group 1001 Way Zionsville, IN 46077 Director

------

---

| | |
|:---|:---|
| Name and Principal<br> Business Address<br>| Positions and Offices<br> With Depositor<br>|
| Michael K. Moran<br> Delaware Life Insurance Company<br> 10555 Group 1001 Way<br> Zionsville, IN 46077<br>| Director |
| Curtis P. Steger<br> Delaware Life Insurance Company<br> 10555 Group 1001 Way<br> Zionsville, IN 46077<br>| Director |
| Daniel J. Towriss<br> Delaware Life Insurance Company<br> 10555 Group 1001 Way<br> Zionsville, IN 46077<br>| Chief Executive Officer  |
| Michael S. Bloom<br> Delaware Life Insurance Company<br> 230 Third Avenue, 6th Floor<br> Waltham, MA 02451<br>| Chief Legal Officer and Secretary |
| Andrew F. Kenney<br> Delaware Life Insurance Company<br> 230 Third Avenue, 6th Floor<br> Waltham, MA 02451<br>| Chief Investment Officer |
| John J. Miceli, Jr.<br> Delaware Life Insurance Company<br> 230 Third Avenue, 6th Floor<br> Waltham, MA 02451<br>| Treasurer |
| Ellyn M. Nettleton<br> Delaware Life Insurance Company<br> 10555 Group 1001 Way<br> Zionsville, IN 46077<br>| Chief Accounting Officer |
| Martin B. Woll<br> Delaware Life Insurance Company<br> 10555 Group 1001 Way<br> Zionsville, IN 46077<br>| Chief Operating Officer |
| Fang L. Wang<br> Delaware Life Insurance Company<br> 230 Third Avenue, 6th Floor<br> Waltham, MA 02451<br>| President and Chief Financial Officer |
| Daniel P. Healy<br> Delaware Life Insurance Company<br> 10555 Group 1001 Way<br> Zionsville, IN 46077<br>| Chief Risk Officer |
| Dale Uthoff <br> Delaware Life Insurance Company<br> 10555 Group 1001 Way<br> Zionsville, IN 46077<br>| Chief Product Officer |

---

Item 29. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE DEPOSITOR OR REGISTRANT

No person is directly or indirectly controlled by the Registrant. The Registrant is a separate account of the Depositor, Delaware Life Insurance Company, which is a wholly-owned subsidiary of DLIC Sub-Holdings, LLC.

The organization chart of DLIC Sub-Holdings, LLC, the Depositor and Registrant is filed herewith as Exhibit (r). None of the companies listed in such organization chart is a subsidiary of the Registrant; therefore, the only financial statements being filed are those of Delaware Life Insurance Company.

------

Item 30. INDEMNIFICATION

Pursuant to Section 145 of the Delaware Corporation Law, Article 8 of the By-laws of Delaware Life Insurance Company (a copy of which was filed as Exhibit (6)(b) to Post-Effective Amendment No. 51 to the Registration Statement on Form N-4, File No. 333-83516, on August 11, 2014), provides for the indemnification of directors, officers and employees of Delaware Life Insurance Company. Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of Delaware Life Insurance Company pursuant to the certificate of incorporation, by-laws, or otherwise, Delaware Life Insurance Company 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 Delaware Life Insurance Company of expenses incurred or paid by a director, officer, controlling person of Delaware Life Insurance Company 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, Delaware Life Insurance Company will submit to a court of appropriate jurisdiction the question whether such indemnification by them is against public policy as expressed in the Act, unless in the opinion of their counsel the matter has been settled by controlling precedent, and will be governed by the final adjudication of such issue.

Item 31. PRINCIPAL UNDERWRITERS

(a) Clarendon Insurance Agency, Inc., a wholly-owned subsidiary of Delaware Life Insurance Company, acts as general distributor for the Registrant and Delaware Life Variable Accounts C, D, E, G, I, K and L, Keyport Variable Account A, KMA Variable Account and Keyport Variable Account I.

---

| | | |
|:---|:---|:---|
| (b) | Name and Principal<br> Business Address\*<br>| &nbsp;&nbsp;&nbsp;&nbsp; Position and Offices<br> with Underwriter<br>|
|  | Colin J. Lake | President and Director |
|  | Fang L. Wang | Director |
|  | Michael S. Bloom | Secretary and Director |
|  | John J. Miceli, Jr. | Treasurer |
|  | James Joseph | Financial/Operations Principal |
|  | Elizabeth T. Carey | Chief Compliance Officer |

---

\*

The principal business address of all directors and officers of the principal underwriter, is 230 Third Avenue, 6<sup>th</sup> Floor, Waltham, Massachusetts 02451.

(c) Inapplicable.

Item 32. LOCATION OF ACCOUNTS AND RECORDS

Accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated thereunder are maintained, in whole or in part, by Delaware Life Insurance Company at its offices at 10555 Group 1001 Way, Zionsville, Indiana 46077 and 230 Third Avenue, 6th Floor, Waltham, Massachusetts 02451, at the offices of Clarendon Insurance Agency, Inc., at 230 Third Avenue, 6th Floor, Waltham, Massachusetts 02451, or at the offices of SE2, LLC at 5801 SW 6th Avenue, Topeka, Kanas 66636-0001.

Item 33. MANAGEMENT SERVICES

Not Applicable.

Item 34. FEE REPRESENTATION

The Depositor 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

As required by the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements of Securities Act Rule 485(b) for effectiveness of this Post-Effective Amendment to the Registration Statement and has duly caused this Post-Effective Amendment to the Registration Statement to be signed on its behalf, in the City of Waltham, and Commonwealth of Massachusetts on this 30<sup>th</sup> day of June, 2026.

---

| | |
|:---|:---|
| DELAWARE LIFE VARIABLE ACCOUNT F<br>(Registrant) | DELAWARE LIFE VARIABLE ACCOUNT F<br>(Registrant) |
| By:  | */s/ Daniel J. Towriss\**<br>Daniel J. Towriss<br> Chief Executive Officer (Principal Executive <br> Officer) |
|  | */s/ Daniel J. Towriss\**<br>Daniel J. Towriss<br> Chief Executive Officer (Principal Executive <br> Officer) |

---

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

---

| | |
|:---|:---|
| DELAWARE LIFE INSURANCE COMPANY<br>(Depositor) | DELAWARE LIFE INSURANCE COMPANY<br>(Depositor) |
| By:  | */s/ Daniel J. Towriss\**<br>Daniel J. Towriss<br> Chief Executive Officer (Principal Executive <br> Officer) |
|  | */s/ Daniel J. Towriss\**<br>Daniel J. Towriss<br> Chief Executive Officer (Principal Executive <br> Officer) |

---

As required by the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed below by the following persons in the capacities with the Depositor, Delaware Life Insurance Company, and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **SIGNATURE** | **TITLE** | **DATE** |
| */s/ Dennis A. Cullen\**<br>Dennis A. Cullen<br>| Director | June 30, 2026 |
| */s/ Michael K. Moran\**<br>Michael K. Moran<br>| Director | June 30, 2026 |
| */s/ Curtis P. Steger\**<br>Curtis P. Steger<br>| Director  | June 30, 2026 |
| */s/ Daniel J. Towriss\**<br>Daniel J. Towriss<br>| Chief Executive Officer <br> (Principal Executive Officer)<br>| June 30, 2026 |
| */s/ Ellyn M. Nettleton\**<br>Ellyn M. Nettleton<br>| Chief Accounting Officer<br> (Principal Accounting Officer)<br>| June 30, 2026 |
| */s/ Fang L. Wang\**<br>Fang L. Wang<br>| President and Chief Financial Officer<br> (Principal Financial Officer)<br>| June 30, 2026 |
| *\*By: /s/ Kathleen A. McGah*<br>Kathleen A. McGah<br>| Attorney-in-Fact | June 30, 2026 |

---

\*

Kathleen A. McGah has signed this document on the indicated date on behalf of the above Directors and Officers of the Depositor pursuant to powers of attorney duly executed by such persons and a resolution of the Board of Directors authorizing use of powers of attorney for Director and Officer signatures. Powers of Attorney are included herein as Exhibit (p). Resolution of the Board of Directors is included herein as Exhibit (q).

------

EXHIBIT INDEX

---

| | |
|:---|:---|
| (i)(2) | [Services Agreement](d58562dex99i2.htm) |
| (i)(3) | [Third Party Administration Addendum](d58562dex99i3.htm) |
| (i)(4) | [Order Form](d58562dex99i4.htm) |
| (k)(1) | [Opinion of Counsel as to the legality of the securities being registered and Consent to its use](d58562dex99k1.htm) |
| (k)(2) | [Representation of Counsel Pursuant to Rule 485(b)](d58562dex99k2.htm) |
| (p) | [Powers of Attorney](d58562dex99p.htm) |
| (q) | [Resolution of the Board of Directors of the Depositor authorizing the use of powers of attorney for Officer signatures](d58562dex99q.htm) |
| (r) | [Organization Chart of the Registrant, the Depositor and DLIC Sub-Holdings, LLC](d58562dex99r.htm) |
| (s) | [Consents of Independent Registered Public Accounting Firm](d58562dex99s.htm) |

---

------

## Ex-99.(I)(2)

**SERVICES AGREEMENT** 

This Services Agreement ("Agreement") is made as of July 1, 2025 ("Effective Date"), and is between Zinnia Tech Solutions LLC, a Delaware limited liability company with offices at 5801 SW Sixth Ave., Topeka, KS 66636 ("Zinnia"), and Delaware Life Insurance Company, a Delaware life insurance company with offices at 10555 Group 1001 Way, Zionsville, Indiana 46077("Customer", provided that, as the context may require, the term "Customer" includes the relevant Affiliate(s) of Customer to whom Zinnia is providing Services under an Order, as further set forth in Section 2.4).

1. Definitions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. "Affiliate" means, with respect to an entity, any other entity, whether incorporated or not, that
is controlled by, controls or is under common control with such entity. "Control" means the ability, whether directly or indirectly, to direct the affairs of another by means of ownership, contract or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. "Artificial Intelligence" has the meaning ascribed to it in Exhibit 6.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. "Business Day" means any day other than a Saturday, Sunday or a day on which commercial banking
institutions located in New York, New York are authorized or obligated by law or executive order to close.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4. "Claim" means any claim, demand, suit, action or proceeding brought by a third party (excluding
Affiliates of the Indemnified Party) against an Indemnified Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5. "Confidential Information" means any nonpublic information or data, whether in oral, visual,
written, electronic, or other form, that is disclosed by or on behalf of one party ("Discloser") to the other party or its Affiliate ("Recipient") or learned by Recipient. Confidential Information specifically includes, but
is not limited to (1) techniques, methods, pricing or practices, clients, developments, know-how, trade secrets, trademarks, copyrights, patents or other intellectual property rights; and
(2) information designated as confidential or proprietary by the Discloser thereof or which the Recipient should reasonably understand to be confidential in nature based on the circumstances of its disclosure or content. Confidential
Information also includes the nonpublic portions of Services and Customer Materials and Customer Data. Confidential Information does not include information that: (a) is or subsequently becomes publicly available without breach of any
obligation owned by Recipient or its employees, contractors, agents, officers or other representatives, (b) is or subsequently becomes known to the Recipient from a source other than Discloser and such disclosure does not result from any breach
of an obligation of confidentiality owed with respect to such Confidential Information, or (c) is independently developed without reference to any Confidential Information in any form as can be proven by documentary or other evidence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6. "Critical Service Level" means each Service Level Category identified in the service level table in
an Order to this Agreement that is designated as critical (C).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7. "Customer Confidential Information" means Confidential Information disclosed by or on behalf of
Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8. "Customer Data" has the meaning ascribed to it in the Data Processing Addendum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9. "Customer Material" means all materials, including Customer Data, provided by Customer to Zinnia in
the course of utilizing Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10. "Default Performance Failure" means the occurrence of any of the following, provided that the
failure is not materially caused by or contributed to by any act or omission of Customer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10.1. For Service Levels measured monthly, in any consecutive three calendar months, Zinnia has four or more Faults
in each of those months;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10.2. For Service Levels measured monthly, in any single calendar month, Zinnia has five or more Faults;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10.3. Zinnia has a Fault for the same Service Level for four consecutive reporting periods; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10.4. In any consecutive four calendar months (for Service Levels measured monthly), Zinnia fails to perform at the
Minimum Service Level for three or more Key Service Levels in each of those months.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.11. "Divested Business" means one or more of Customer's Affiliates, business units, blocks, lines
of business, product segments, or other subsets of its business that Customer may sell, spin-off, or otherwise divest its interests in.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.12. "End Date" means the later of (1) the expiration or termination of the applicable Order and
(2) the last day of the Termination Assistance Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.13. "Experience Data" means aggregated, deidentified, or anonymized experience data, statistical data
or other information derived from Customer Data or Customer's usage of the Services; provided that such Experience Data does not identify Customer or any individual, and is not capable of being reverse-engineered to do so. Experience Data
shall not include data used in a manner that discloses Customer's Confidential Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.14. "Fault" means Zinnia's failure to attain the Minimum Service Level for a given Critical
Service Level in a given reporting period.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.15. "General Terms" means the terms and conditions set forth in this document, excluding all
attachments, exhibit or addenda.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.16. "Indemnified Damages" means any and all liabilities, losses, damages, awards, final judgments,
fines, penalties, settlements, taxes, claims, court costs or reasonable out-of-pocket attorneys fees and expenses arising from any third party claim that are incurred by
a Customer Indemnitee or Zinnia Indemnitee, as applicable, subject to the limitations and exclusions set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.17. "Insolvency" means an event which results in a party: (1) ceasing to carry on business as a
going concern, making a general assignment for the benefit of creditors, filing a voluntary petition in bankruptcy petitioning for or instituting a liquidation under any bankruptcy, insolvency, incorporation or other applicable laws; or
(2) having a petition in bankruptcy or any other case or proceeding in bankruptcy involving liquidation, dissolution or winding-up is filed, commenced or instituted against the other and remains
undismissed for a period of thirty (30) calendar days; or (3) having a receiver or trustee is appointed for all or substantially all of the property and assets of the other.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.18. "Jointly Developed IP" means intellectual property developed collaboratively by the parties
pursuant to an Order. For avoidance of doubt, Jointly Developed IP excludes all Zinnia Materials and Customer Materials. Any such Jointly Developed IP must be expressly identified as Jointly Developed IP the applicable Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.19. "Key Service Level" means each Service Level Category identified in the service level table in an
Order to this Agreement that is designated as key (K).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.20. "Key Zinnia Personnel" means Zinnia or Zinnia Affiliate relationship managers, delivery leads,
operations leads, incident management leads, and project managers who regularly interact with Customer or Customer Affiliate personnel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.21. "Material Error" means a failure of Zinnia to perform any of the Services in accordance with this
Agreement or any Order, which failure could reasonably be expected to have a material adverse effect on Customer, or a policy or contract holder of Customer. A Material Error does not include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.21.1. issues caused by Customer's systems, instructions or data provided by Customer to Zinnia;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.21.2. failures or delays caused by Customer's third-party service providers or Customer's vendors (other
than Zinnia, its controlled Affiliates, or any other Affiliate of Zinnia which is acting as a subcontractor of Zinnia in connection with the Services);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.21.3. Customer's misuse, alteration, or unauthorized use of the Services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.21.4. any condition to the extent arising from factors outside of Zinnia's reasonable control that Zinnia could
not have prevented or mitigated with commercially reasonable efforts; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.21.5. functionality that was tested in accordance with an agreed test plan and accepted by Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.22. "Minimum Service Level" means, with respect to each Service Level in an Order to this Agreement,
the level of performance designated as such in the service level table in such Order to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.23. "Operating Guidelines" means the work flows and procedures used by Zinnia to perform the Services,
as defined in the applicable Order, in conformity with: (i) applicable law in accordance with Customer's interpretation thereof as may be requested by Zinnia or as otherwise required to be provided by Customer in accordance with the terms
of this Agreement and in either case only as provided in writing by an officer or an authorized designee of Customer as notified to Zinnia from time to time; (ii) prudent business standards for detecting and preventing suspicious activity,
(iii) prudent internal controls; (iv) general industry standards; and (v) those procedures and interpretations of applicable law specific to Customer and unique to the Services as may be reasonably specified in writing by Customer in
accordance with this Agreement and subsequently revised in accordance with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.24. "Malicious Code" means (1) any code, program, or sub-program whose knowing or intended purpose is to damage or interfere with the operation of the computer system containing the code, program or sub-program, or to
halt, disable or interfere with the operation of the software, code, program, or sub-program, itself, or (2) any device, method, or token that permits any person to circumvent the normal security of the
software or the system containing the code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.25. "Order" means Zinnia's applicable ordering document (such as an order form, statement of
work, or purchase order) describing the particular Services being purchased and mutually executed by the parties. Each Order will specify, based on advice from Zinnia, whether such Order relates to TPA Services (as defined in the Third Party
Administration Addendum) or Technical Services (as defined in the Technical Services Addendum).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.26. "Pass-Through Expense" means the out-of-pocket expenses associated with a Service labeled as "Pass-Through Costs" in an Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.27. "Services" means Zinnia's insurance technology, engagement and/or administration services,
including any support or related implementation services, licensed software, and software-as-a-service offerings, in each case as
specified on an Order. Each Order will incorporate by reference the Professional Services Addendum, Technical Services Addendum or the Third Party Administration Addendum, as the case may be.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.28. "Services Addendum" means supplemental addendum(s) to this Agreement containing terms applicable to
certain categories of Services. At least one Services Addendum is a prerequisite to Orders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.29. "Significant Operational Change" means any change to the way Zinnia provides the Services that is
reasonably expected to materially and adversely impact Zinnia's performance of any obligations under this Agreement or any Order, or in any other manner materially and adversely impact the quality of the Services. Notwithstanding the
foregoing, "Significant Operational Change" also means material large staffing changes, moving entire operational functions to an alternate location, or any other large scale change in how Zinnia provides the Services that, while not
necessarily adverse, still may have a significant impact on Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.30. "Termination Assistance Period" means a period of time commencing upon notice of termination or of non-renewal of this Agreement and/or any Order, in whole or in part, by either party at any time, regardless of reason, for a period of time up to twenty-four (24) months after the date on which the termination
or non-renewal referred to above becomes effective, during which Zinnia will provide the Termination Assistance Services in accordance with Section 12.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.31. "Termination Assistance Services" means (1) the continued provision of the Services (or any
replacements thereof or substitutions therefore), during the Termination Assistance Period, (2) Zinnia's reasonable cooperation with Customer and/or any successor service provider designated by Customer to support the completion of
transfer of the Services to Customer or such other service provider within the Termination Assistance Period, effecting any necessary data transfer, and any other services necessary or appropriate in order to facilitate such transfer), and
(3) any additional or new services reasonably requested by Customer to facilitate the transfer of the Services under the applicable Order to Customer or such other service provider; in each case, to be documented in an Order for such services
that Zinnia and Customer shall promptly execute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.32. "Zinnia Confidential Information" means Confidential Information disclosed by or on behalf of
Zinnia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.33. "Zinnia Personnel' means the employees, agents, subcontractors, contractor laborers, and
representatives of Zinnia performing, or supporting the performance of, Services under this Agreement.

2. Framework.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. The General Terms establish the contractual framework for the performance of Services by Zinnia to Customer or
Customer Affiliates in an Order, pursuant to Orders executed by Zinnia and Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. This Agreement consists of (a) the General Terms, (b) all attachments, exhibits or addenda that
reference, or that are referenced by, the General Terms, including Services Addenda, and (c) all Orders. Each of the foregoing are part of the Agreement and all references to the Agreement includes the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3. Zinnia and Customer will execute the appropriate Services Addendum for the category(ies) of Services ordered by
Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4. Affiliates of Customer may execute Orders with Zinnia, and such Orders will be governed by the terms of this
Agreement. The relevant Services will be provided to Customer Affiliates under the respective Orders. Zinnia will provide a separate invoice in respect of each Order to each applicable Customer Affiliate where such Customer Affiliate executed the
Order. All references to "Customer" in this Agreement refer to Customer or Customer's Affiliate (as applicable) that is a party to one or more Orders for all purposes of this Agreement. Each Customer Affiliate that executes an
Order Form under this Agreement shall be deemed a separate and independent "Customer" solely with respect to such Order Form. Zinnia's obligations, and the rights and remedies of the applicable Customer Affiliate, shall apply only
in relation to that Customer Affiliate's Order Form. For clarity, Zinnia shall not be required to pursue or defend claims against multiple Customer Affiliates jointly (although Customer Affiliates may bring separate claims against Zinnia at
the same time, even if such claims involve similar facts, and such Customer Affiliates may use the same counsel for such claims and otherwise discuss such claims), and each Customer Affiliate's obligations and liabilities shall be several and
not joint. Zinnia is not obligated to provide Services unless and until Zinnia and Customer (or Customer's Affiliate) execute an Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5. If there is a conflict between the provisions of the documents constituting this Agreement, then the following
order of precedence will apply (highest to lowest): (a) the Order, (b) the attachments, exhibits, or addenda that reference or that are referenced by, the General Terms, including Services Addenda, and (c) the General Terms.

3. Orders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. Zinnia is obligated to provide the Services under each Order using a standard of care that a reasonably
diligent and skilled company providing similar services would use to perform such activities. In the event Zinnia fails to comply with any <u> </u> performance standard, and <u> </u> at Customer's request, Zinnia will promptly: (i) perform a
root cause analysis to identify that cause of such failure; (ii) provide Customer with a report detailing the cause of, and procedure for correcting, such failure; (iii) provide to Customer the proposed procedure for correcting such
failure; (iv) correct such failure in accordance with such procedure; (v) provide weekly (or more frequent, if appropriate <u>)</u> updates to Customer on the status of the correction efforts; (vi) upon completion of the remedial
steps, provide Customer with such confirmation; and (vii) provide to Customer reasonable access to review Zinnia's compliance with the remedial steps or otherwise monitor Zinnia's performance. Material changes to the scope of an
Order may only be made in a writing signed by both parties ("Change Order"). If Zinnia fails to exercise the standard of care that a reasonably diligent and skilled company providing similar services would exercise in scoping a project
and, as a result, fails to highlight or query the Customer regarding a functional requirement needed from the Customer, and such omission results in additional costs to modify the Deliverables beyond the costs that would have been incurred had the
requirement been identified initially, the parties shall negotiate in good faith to equitably allocate the financial responsibility for the resulting change order.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. Zinnia may subcontract portions of the Services to the subcontractors identified in Exhibit 3 attached hereto.
Zinnia will not delegate or subcontract any Services under any Order beyond those subcontractors identified in Exhibit 3 without the prior written consent of Customer (such consent to be provided within 60 days of Zinnia's request, if Customer
does so consent, and shall not be unreasonably withheld, conditioned, or delayed), provided that Customer's consent will not be required with respect to any delegation or subcontracting to Zinnia's Affiliates or subcontractors providing
incidental or administrative support in the ordinary course of business, such as telecommunications, hosting, printing, or similar services, as long as such Zinnia Affiliate is not a direct competitor of Customer. No subcontracting will release
Zinnia from any responsibility for its obligations under this Agreement (including all Orders). Certain Services that require a governmental license, such as TPA Services (as defined in the Third Party Administration Addendum). and Brokerage
Services (as defined in the Third Party Administration Addendum) will be performed by an appropriately licensed Zinnia Affiliate. Any Zinnia Affiliate that performs any such TPA Services or Brokerage Services, as applicable, will be a party to such
Addendum and to any orders relating to such TPA Services or Brokerage Services, as applicable. If such Services are included in an Order, the term "Zinnia" will be deemed to refer to the appropriately licensed Zinnia Affiliate in
connection with all such Services. Any particular Services will be subject to only one of the Professional Services Addendum, Technical Services Addendum or the Third Party Administration Addendum, and the documentation will make clear which
Addendum governs each element of the Services; and each Order will correctly classify the Services to which such Order relates as being subject to either the Technical Services Addendum or the Third Party Administration Addendum. Zinnia shall be
solely responsible for the correct classification of the Services and for any governmental penalties or other matters relating to any claim by a regulator or other governmental authority to the effect that any Services not classified by Zinnia as
TPA Services or Brokerage Services or performed by an appropriately licensed Zinnia Affiliate should be performed by such an Affiliate. Zinnia Affiliates who provide services related to the Agreement are not third parties for the purposes of
Section 13.7.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3. The fees for the Services are as specified in the applicable Order. Beginning on January 1, 2026, Zinnia
may increase the pricing under any Order annually to reflect changes in the average annual United States Department of Labor Consumer Price Index — All Urban Consumers (1982-84=100) (the
"CPI") for the prior calendar year; provided that such increase will not exceed **[\*\*\*]** in 2026, **[\*\*\*]** in 2027, 2.5% in 2028, and **[\*\*\*]** in 2029. If a CPI increase applies to Customer, Zinnia will notify Customer at
least thirty (30) days in advance of the renewal date. In addition, Customer will reimburse Zinnia for reasonable travel expenses incurred in performing the Services (including reasonable travel, meal, lodging, and mileage expenses), provided,
however that such reasonable expenses will (i) be pre-approved in writing by Customer, (ii) be charged to Customer based on actual costs incurred without markup, and (iii) comply with
Customer's travel and expense policies as communicated to Zinnia in writing. To the extent Zinnia has received invoices from the providers of Pass-Through Costs, Zinnia will bill such Pass-Through Costs to Customer monthly adding an
administrative fee of **[\*\*\*]** in 2025, **[\*\*\*]** in 2026, **[\*\*\*]** in 2027, **[\*\*\*]** in 2028, and **[\*\*\*]** in 2029. Unless otherwise set forth in an Order, Customer will pay such undisputed fees within forty-five (45)) days of
Customer's receipt of (i) the invoice and (ii) copies of all supporting documents that are material to how Zinnia calculated the charges and fees for such invoice so Customer can verify the invoiced amounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4. Unless a different timeline is specifically set forth in this Agreement or in an Order, all invoices must be
initially submitted to Customer no later than three (3) months after the end of the month in which actual performance of the Services pertaining to such invoice occurred. The foregoing does not apply to charges for Pass-Through Expenses,
provided that Pass-Through Expenses must be invoiced to Customer no later than one (1) month after Zinnia receives the invoice and no later than six (6) months after the actual products or services pertaining to the invoice were tendered.
Any noncompliant invoices or charges on an invoice shall not be payable by Customer; provided that to the extent the same invoice contains charges that were timely submitted, Customer shall pay the timely portion of the invoice. Zinnia may charge
interest at **[\*\*\*]** (or the highest rate permitted by law, if less) from the date that payment is due until the date of actual payment on any undisputed fees which are overdue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5. Any fees described in an Order are exclusive of all applicable taxes, which are the sole and exclusive
responsibility of Customer (excluding all income, property and employment taxes levied on Zinnia, all of which are the sole responsibility of Zinnia) unless Customer is exempt from any such taxes and furnishes Zinnia with a certificate of exemption.
If Customer disagrees that any such tax is due, Customer shall have the right to seek an administrative determination from the applicable taxing authority, and Zinnia agrees, at Customers' expense, to reasonably cooperate with Customer in such
effort.

4. Intellectual Property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. Excluding Customer Materials, Customer Confidential Information, and all modifications, enhancements and
derivative works thereof, Zinnia, its Affiliates, and its suppliers retain all rights in Zinnia Confidential Information and all data processing techniques, business and policy administration policies, practices, procedures, processes, techniques
and work flows and ideas and know-how developed by Zinnia for the Services including all copyrights, patents, trade secrets, trademarks and any other intellectual property rights, and all copies, partial
copies, adaptations, additions, collective works, compilations, derivative works, enhancements, modifications, and translations thereof (collectively, "Zinnia Materials"). Except as otherwise provided herein, in a Services Addendum or in
an Order, this Agreement grants no ownership rights to Customer. No license express or implied is granted to Customer except as expressly provided under this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. Excluding Zinnia Materials, Zinnia Confidential Information, and all modifications, enhancements and derivative
works thereof, all (a) Customer Materials and all Customer Confidential Information, (b) all modifications, enhancements and derivative works thereof without regard to whether such modifications, enhancements and derivative works were
developed by Customer, (c) all intellectual property rights with respect thereto, and (d) policies, processes, work flows, and interpretations of applicable law unique to administering any applicable Policies (as defined in the TPA
Addendum) as may be reasonably specified in writing by Customer in accordance with this Agreement, shall be, as between Customer and Zinnia, the exclusive property of Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. Except for in the course of performing the Services, Zinnia will not use the name, trademark, service mark,
trade name, logo or other commercial or product designations of Customer in any way, in print or electronic format or on a web or internet site, without the prior written consent of Customer in each instance. Zinnia shall not issue any press release
regarding this Agreement or the Services unless Customer agrees in writing to the issuance of such press release and the content of such press release.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4. Excluding all information described in Sections 4.1 and 4.2 and all intellectual property rights with respect
thereto, except as may be otherwise expressly set forth in any Order, the following shall govern:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4.1. Any Jointly Developed Materials and all intellectual property rights with respect thereto, shall, as between
the Parties, be the exclusive property of Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4.2. Zinnia irrevocably and unconditionally assigns to Customer all its right, title and interest in and to the
Jointly Developed Materials, including, without limitation, all intellectual property rights with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4.3. Zinnia shall have a non-exclusive, non-assignable, non-transferable, irrevocable, perpetual, royalty-free right to use the Jointly Developed Materials in its business, without any further obligation to
Customer with respect to such Jointly Developed Materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5. Customer grants to Zinnia a nonexclusive license to use the Customer Materials solely to the extent and as
necessary to (i) provide the Services and (ii) create and improve Experience Data. All Customer Materials will remain the sole property of Customer. Notwithstanding the foregoing, Zinnia owns all right, title and interest in and to the
Experience Data; provided, however, Zinnia shall not sell, distribute, disclose, or otherwise make available to any third party the Experience Data unless the Experience Data is aggregated, deidentified, or anonymized such that it does not, and
reasonably cannot be used to, identify Customer or any related party as the source of the data, nor any natural person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6. Zinnia hereby grants Customer a non-exclusive, non-assignable, royalty-free right to use, modify, enhance, copy, perform, display, create derivative works from and otherwise use, and the right to authorize the its designees to use, modify, enhance, copy,
perform, display, create derivative works from and otherwise use, the Operating Guidelines applicable to: (i) the extent necessary for Customer to receive the Services during the Term; (ii) receive the Termination Assistance Services in
accordance with Section 12 below; and (iii) after the End Date, the extent necessary for Customer to administer those Contracts administered by Zinnia as of the end of the Term. Customer will have a continuing right to use the Operating
Guidelines (including a license to Zinnia Materials to the extent embedded in the Operating Guidelines) in its related business activities, including sharing the Operating Guidelines with one or more replacement providers, subject to the replacement
provider being obligated to limit the use of any Zinnia Materials embedded in the Operating Guidelines solely for the purpose of assisting Customer and to treat same as confidential and proprietary information of Zinnia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7. By submitting suggestions or other feedback regarding the Services to Zinnia, Customer agrees that Zinnia may
(but is not obligated to) use and share such feedback for any purpose (fully anonymized) without obligation to Customer.

5. Confidentiality.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. Neither party may use the other party's Confidential Information except as necessary to provide or
receive the Services being provided under the Agreement. Each party will hold in strict confidence the other party's Confidential Information under a standard of care that is no less restrictive than the standard applied to its own
confidential materials, but no less than a reasonable standard of care. Neither party may disclose the other party's Confidential Information to anyone other than a person who is bound by confidentiality obligations no less protective than
those described in this Agreement and who needs to know the information to perform such party's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2. The Recipient may disclose Confidential Information of the Discloser if it is compelled by law to do so,
provided the Recipient gives sufficient notice to the other party (to the extent legally permitted) to enable it to challenge the demand, and reasonable assistance, at the Discloser's cost, if the Discloser wishes to contest the disclosure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3. Upon request, each party will return or destroy (at the other party's election) all copies of the other
party's Confidential Information in the party's possession or control. However, each party may retain copies of Confidential Information if and to the extent required by law or on such party's backup and disaster recovery systems
until the ordinary course deletion thereof, as may reasonably be necessary; provided, that the parties shall continue to be bound by the terms and conditions of this Agreement with respect to such retained Confidential Information (including
confidentiality and data protection obligations).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4. Zinnia will cooperate with Customer, including by providing to Customer upon request, such electronic copies of
Customer Data residing in Zinnia software in connection with performing the Services in a mutually agreeable timeframe and mutually acceptable format.

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6. Security and Data Processing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1. Zinnia will (a) protect the Customer Data under the terms of the Security Procedures attached to this
Agreement as Exhibit 1 and (b) process the Customer Data under the terms of the Data Processing Addendum attached to this Agreement as Exhibit 2.

7. Obligations of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1. In performance of its obligations under this Agreement, each party will comply with applicable laws, rules and
regulations that pertain to each party's operation of its business and specific industry.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2. Each of Zinnia and Customer represents and warrants that (a) it has the corporate right, power and
authority to enter into this Agreement and perform its obligations hereunder; (b) an authorized representative has executed this Agreement; (c) no consent, approval, or withholding of objection is required from any external authority or
party with respect to the entering into of this Agreement; and (d) it is under no obligation or restriction, nor will it assume any such obligation or restriction, that would in any way interfere or conflict with any of its obligations under
this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3. Zinnia's performance may be dependent on Customer's performance of its responsibilities and on
timely decisions and approvals by Customer. Zinnia's failure to perform will be excused to the extent its non-performance is caused by Customer. Zinnia will be entitled to rely upon the accuracy and
completeness of information provided by, and upon the decisions and approvals of, Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4. Customer is solely responsible for the accuracy, content and legality of all Customer Material. Customer
warrants that Customer has and will have sufficient rights in the Customer Material to grant the rights to Zinnia subject to Section 4.5 of this Agreement and that the use of the Customer Material by Zinnia in accordance with this Agreement
will not violate the privacy or intellectual property rights of any third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5. Zinnia covenants to Customer that: (a) it has and at all times will have the expertise and resources to
perform the Services in a professional and workmanlike manner; (b) it shall perform the Services in accordance with the Operating Guidelines and standards generally accepted in the industry for similar services; (c) it shall perform the
Services in accordance with applicable laws, rules, and regulations; (c) the Zinnia Personnel are and will be properly educated, trained and qualified for the Services they are to perform; (d) each deliverable which may be identified in an
Order will conform in all material respects to the specifications thereof in the applicable Order, if any; (e) it will not intentionally or negligently introduce into any Customer Materials any Malicious Code and will use commercially
reasonable efforts to prevent any such Malicious Code from entering Customer Materials under the control of Zinnia or otherwise accessed or used by Zinnia in the performance of this Agreement; (f) it has obtained and will at all times during
the Term maintain all applicable consents, permits and/or licenses necessary to perform the Services; (g) it has not paid or caused to be paid and will not pay or cause to be paid, directly or indirectly, any wages, compensation, gifts or
gratuities to any employee or agent of Customer or to any government agent, official, or employee for the purpose of influencing any decisions with respect to the making of this Agreement, or in connection with any Services contemplated hereby; and
(h) all of Zinnia's employees, and to the best of its knowledge, any agents, representatives, or subcontractors of Zinnia that perform Services under this Agreement, are eligible to legally work and accept employment in the United States
or such other country from which the Services will be provided. From time to time, Zinnia may provide reports, statements, or accountings to Customer. Customer shall use commercially reasonable efforts to review such reports, statements, or
accountings to verify the accuracy and completeness of the same and notify Zinnia of any issues. However, Zinnia shall not consider any such reports, statements, or accountings as confirmed by Customer unless Customer has so expressly confirmed to
Zinnia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6. EXCEPT AS EXPRESSLY STATED IN THIS AGREEMENT, THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS
AVAILABLE" BASIS. THERE ARE NO OTHER WARRANTIES OR REPRESENTATIONS, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, THOSE OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NONINFRINGEMENT, ACCURACY, OMISSIONS, COMPLETENESS, OR
CURRENTNESS. ZINNIA DOES NOT WARRANT THAT THE USE OF THE SERVICES WILL BE UNINTERRUPTED OR ERROR-FREE.

8. Indemnification, Limitation of Liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1. Indemnification by Zinnia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.1. Zinnia will indemnify, defend and hold harmless Customer and its Affiliates and their respective directors,
officers, employees and agents (collectively, the "Customer Indemnitees") from and against and with respect to all Indemnified Damages relating to any Claim, (i) to the extent based upon, arising out of, or resulting from
Zinnia's or its agents' (including its Affiliates' and subcontractors') (a) breach of its representations and warranties, covenants, or confidentiality, data protection or data security obligations under this Agreement,
except for Zinnia's covenant in Section 7.5(b); or (b) fraud, gross negligence or willful misconduct; or (c) payment errors to the extent caused by Zinnia (other than the amount of any payments made by Customer or its Affiliates
to their customers to replace amounts that were not paid by Zinnia due to the payment error); or (d) any deficiency noted in any audit report, but, in respect of this clause (d) only if (1) such deficiency could reasonably be expected
to have a material adverse effect on Customer or a policy or contract holder of Customer; (2) Zinnia was notified of such material deficiency in writing; (3) the parties agree on a commercially reasonable mitigation or remediation of such
deficiencies; provided that if the parties cannot so agree, either party may refer the failure to agree for arbitration pursuant to Section 9; (4) if the agreed mitigation or remediation requires a Change Order, such Change Order is executed by
the parties in good faith; (5) Zinnia failed to remediate such deficiency within the period agreed to by the parties or pursuant to arbitration ("Remediation Period"); and (6) the Claim exists after the expiration of the
Remediation Period and is reasonably related to Zinnia's failure to timely cure the deficiency, provided that nothing in (d) will limit or impede any other rights of Customer in the Agreement; or (ii) that alleges that the Services
or the Customer's use of the Services infringe any third party intellectual property rights (an "Infringement Claim")

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.2. Zinnia will have no obligation to indemnify Customer for any Infringement Claim to the extent it arises from or
relates to: (a) Customer's use of Services in combination with any other technology or material not provided by Zinnia where the infringement would not have occurred but for such combination, excluding any combination required by Zinnia
or otherwise necessary to use the Services in the form provided by Zinnia, and only to the extent the combination itself gives rise to the Infringement Claim, (b) any act or omission performed or permitted by Customer that is in violation of
this Agreement, or (c) any Customer Material.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.3. If a Claim is made or if Zinnia believes a Claim is possible, Zinnia, at its sole expense and option, may
obtain licenses or make replacements or modifications or spend money as are necessary for Customer to continue its use of the Services, provided that the replacement or modification has the equivalent or better features, functionalities,
operability, reliability and performance (from Customer's reasonable perspective) as the original Services, or if none of the above is commercially reasonable, terminate the affected Service(s). If Zinnia terminates the affected Service(s)
under this Section, Zinnia will refund Customer a pro-rated amount of the fees prepaid for use of the portion of the Services not yet furnished as of the termination date. In addition, if the termination of a
Service could reasonably be expected to materially and adversely affect the features, functionalities, operability, reliability and performance (from Customer's reasonable perspective) of any other Services, then Customer may in its discretion
terminate any or all such other Services and Zinnia will refund Customer a pro-rated amount of the fees prepaid for use of the portion of the Services not yet furnished as of the termination date. For the
avoidance of doubt, Customer shall not be entitled to recover indemnified amounts under this Section 8.1 to the extent such amounts have been recovered under any other remedy or provision of this Agreement, and any indemnity amounts shall be
net of amounts already reimbursed, credited, refunded, or otherwise recovered by Customer in respect of the same underlying loss or damage.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2. Indemnification by Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.1. Customer will indemnify, defend, and hold harmless Zinnia and its Affiliates, and their respective directors,
officers, employees and agents (collectively, "Zinnia Indemnitees") from and against and with respect to all Indemnified Damages relating to any Claim to the extent based upon, arising out of or resulting from (A) Customer's
or its agents' (including its Affiliates' and subcontractors') (i) breach of its representations and warranties in Section 7.2, (ii) breach of Section 5; or (iii) fraud, gross negligence or willful misconduct or
(B) arising out of or relating to Zinnia's good faith reliance on Customer's written instructions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3. Indemnification Procedure. If a party entitled to indemnification (the "Indemnified Party") becomes
aware of any indemnifiable Claim, such party will give the other party (the "Indemnifying Party") written notice of the Claim as soon as reasonably practicable, provided that any delay in providing such written notice shall not relieve
the Indemnifying Party of its indemnification obligations, except to the extent that the indemnifying party's settlement or defense of the indemnified claim is materially prejudiced by such delay. The Indemnified Party will provide reasonable
assistance, at the expense of the Indemnifying Party, with the Indemnifying Party and its counsel in the defense or settlement of the Claim and will allow the Indemnifying Party to have sole control of the defense or settlement. Subject to the prior
sentence, the Indemnified Party will have the right to participate (without control over the action), at its own expense, in the defense or settlement of such Claim to protect its interests. To take advantage of the indemnity, the Indemnified Party
must use all commercially reasonable efforts to mitigate its Indemnified Damages; any costs (including internal costs) of such mitigation shall be paid by the Indemnifying Party. The Indemnifying Party shall not enter into any settlement or consent
to any final judgment without the prior written consent of the Indemnified Party, unless such settlement or judgment (a) includes a written release for the Indemnified Party of all liability, and (b) does not (i) impose any monetary
obligation; (ii) admit any liability on or fault of the Indemnified Party; (iii) limit the Indemnified Party's rights under this Agreement or in its own property; or (iv) impose any obligations on the Indemnified Party. The
indemnity obligations of the Indemnifying Party will be contingent on the Indemnified Party's reasonable compliance with this process. Notwithstanding the foregoing provisions of this Section 8.3, if a Claim is brought by a policyholder
or regulator of Customer and Zinnia is obligated to indemnify such Claim, then Customer shall have the right, at Customer's sole discretion, to solely control the defense and/or settlement of such Claim with Zinnia being liable for the final
award of damages or settlement of such Claim and for the reasonable attorney's fees and costs incurred by Customer; provided, however, that (i) Customer may not settle or compromise any such Claim without Zinnia's prior written
consent, such consent not to be unreasonably withheld, conditioned, or delayed, and (ii) Customer shall obtain Zinnia's prior written consent, such consent not to be unreasonably withheld, conditioned, or delayed, for the selection of
counsel to defend such Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4. Limitation of Liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4.1. Subject to Section 8.4.2, in no event will either party be liable for any loss of use, lost data,
interruption of business, costs of delay, lost profits, or indirect, special, incidental, exemplary or consequential loss or damages arising from or related to this Agreement (including business interruption, lost business, lost profits or lost
savings) whether or not such party has been advised of the possibility of such loss or damages. Subject to Section 8.4.2, each party's maximum aggregate liability for all claims relating to this Agreement (whether in contract or tort,
including negligence and strict liability, or by statute or otherwise) will not exceed **[\*\*\*]** (the "Standard Cap"). Any action by either party must be brought within three (3) years after the cause of action arose or becomes
known (or should have become known) to the party seeking indemnification, whichever date is later.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4.2. Neither the indirect damages waiver nor the Standard Cap set forth in Section 8.4.1 will apply to
liability with respect to: (i) losses caused by a party's fraud, gross negligence or willful misconduct, (ii) losses caused by a breach of a party's confidentiality, data protection or data security obligations hereunder,
(iii) Customer's obligations to pay fees and expenses when due, (iv) Zinnia's indemnification obligations under Sections 8.1.1.(i)(b)-(d); (v) Customer's indemnification obligations under Sections 8.2.1(ii)-(iii); or
(vi) Zinnia's intentional refusal to provide any material portion of the Termination Assistance Services, unless such intentional refusal is due to a breach by Customer under this Agreement which prevents provision thereof. Each
party's liability with respect to Sections 8.4.2(ii), 8.4.2(iii), 8.4.2(iv), and 8.4.2(v) above shall not exceed **[\*\*\*]** the Standard Cap.

9. Dispute Resolution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1. Prior to the initiation of any formal dispute resolution procedures, the parties shall first attempt to resolve
any dispute with respect to this Agreement or an Order as follows.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.1. Upon the request of a party, each party to any such dispute shall promptly vest a designated senior management
level representative who does not devote substantially all of his or her time to this Agreement or the applicable Order with authority to settle the dispute. Such representatives shall meet one or more times, as they deem necessary or advisable, and
attempt in good faith to resolve the dispute. The meeting(s) will be held reasonably promptly after the request therefore is furnished at an agreed location or via conference call. If the designated representatives cannot resolve the matter within
thirty (30) days after the request for attempt at informal resolution pursuant to this Section is furnished by the requesting party to the receiving party, or for such longer period upon which the parties respective representatives may agree in
writing to continue to attempt to resolve the dispute informally, then either party may elect to submit the dispute for resolution in accordance with the mediation procedure set forth in Section 9.2. If and when a dispute is resolved, the
parties shall promptly act in accordance with the terms of such resolution, including making any payments that are owed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.2. During the negotiations, all reasonable requests made by one party to the other for non-privileged information reasonably related to the dispute shall be promptly honored. Any information, discussions, or offers exchanged between the parties shall be privileged, confidential, and without prejudice
to a party's legal position in any formal proceedings. All such information, discussions, and offers will be considered settlement discussions and inadmissible in any subsequent proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.3. This Section 9.1 shall not be construed to prevent a party from instituting, and a party is authorized to
institute, formal proceedings earlier to avoid the expiration of any applicable limitations period or to seek an injunction or any other equitable remedy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2. If the parties are unable to resolve the dispute through the informal resolution process set forth in
Section 9.1.1, either party may initiate mediation by providing written notice to the other party. The parties shall attempt to agree on a mediator within fifteen (15) days of such notice. If the parties cannot agree on a mediator, either
party may request appointment by the American Arbitration Association. The mediation shall be conducted in accordance with the AAA Commercial Mediation Procedures. Each party shall bear its own costs and the parties shall share equally the
mediator's fees. If the dispute is not resolved through mediation within sixty (60) days after the appointment of the mediator, then either party may institute such actions as may be permitted at law or in equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3. Pending the resolution of a good faith dispute between Customer, on the one hand, and Zinnia, on the other
hand, under this Agreement or an Order, Zinnia and Customer shall continue to perform hereunder and under such Order unless otherwise stated in this Agreement.

10. Insurance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1. Zinnia will obtain from a company or companies having a current A.M. Best Rating of A- VIII or better, and maintain in force during the Term and for not less than two (2) years thereafter, the following insurance coverages in the minimum amounts indicated:

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| | |
|:---|:---|
| TYPE OF COVERAGE | REQUIRED AMOUNT |
| Workers Compensation | Statutory Limits |
| Employer's Liability (bodily injury by disease per person, by accident policy limit, by disease policy limit) | [\*\*\*] |

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| | |
|:---|:---|
| Comprehensive General Liability Insurance including Broad Form Contractual, Broad Form Property Damage, Personal Injury and Advertising Liability, Competed Operation and Products coverage | [\*\*\*] |
| Medical Payments | [\*\*\*] |
| Comprehensive Auto Liability including Owned, Non-owned and Hired Motor Vehicles coverage which are operated on behalf of Zinnia pursuant to Zinnia's activities hereunder | [\*\*\*] |
| Umbrella/Excess Liability on a following form basis | [\*\*\*] |
| Professional Liability (including technology and telecommunications liability, professional services liability, media liability, network security/privacy injury) | [\*\*\*] |
| Blanket Fidelity Bond | [\*\*\*] |
| Cybersecurity Liability Insurance (including coverage for legal and expert fees; notifications; investigation/forensic and restoration costs; crisis management/public relations; credit monitoring/identity protection services; call center expenses; network interruption and extra expense/business interruption; data protection loss; information security and privacy liability; and cyber threat extortion costs) | [\*\*\*] |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2. Zinnia will, promptly upon request, provide Customer with a certificate or certificates of Insurance evidencing
that the above insurance requirements have been satisfied.

11. Term and Termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1. The initial term of this Agreement commences on the Effective Date and will remain in effect for a period of
five (5) years (the "Initial Term") unless terminated earlier in accordance with this Agreement, and shall thereafter renew automatically for successive one (1) year periods (each, a "Renewal Term", and together
with the Initial Term, the "Term"), unless a party provides written notice to the other party of its intent not to renew at least ninety (90) days prior to the end of the then-current term. Customer may terminate this Agreement upon
notice when no Order is in effect. Notwithstanding anything to the contrary, upon any termination of this Agreement, all Orders not also terminated will remain in effect for their respective terms and this Agreement will survive for long as
necessary to govern such remaining Orders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2. Customer may, wholly or partially, terminate the Order for TPA Services at any time after the first anniversary
of the Effective Date of this Agreement by providing at least ninety (90) days' prior written notice to Zinnia. <u> </u> To the extent termination of any TPA Services renders certain Technical Services irrelevant, Customer, in the TPA
Services cancellation notice, may request termination of such irrelevant Technical Services (other than FAST, Mercury, Zinnia Live, LifeCad, SED, MCS, Onbase, Orion, Blackline, and Digital Event Processing), and such consent by Zinnia shall not be
unreasonably withheld where Customer's termination of such Technical Service would result in a demonstrable reduction in the cost of providing the Technical Services to Delaware. Fees for any such terminated TPA Services or, if mutually
agreed, Technical Services will be payable only through the date as of which such Services terminate. If Customer exercises its termination right in this Section causing any of the Services identified in Exhibit 4, attached hereto, to be terminated,
the parties agree the total fees under the TPA Order Form will be reduced by the corresponding percentage stated in Exhibit 4 for such terminated Services. For any terminated TPA Services or Technical Services not identified in Exhibit 4, the total
fees due from Customer shall be reduced by the fees for the Services being terminated, and Customer and Zinnia shall promptly discuss in good faith and agree on such fee reductions; Zinnia's proposed allocation of a portion of the total fees
to any such terminated services shall be reasonably supported by documentary evidence and shall include an appropriate portion of overheads. Any dispute shall be resolved in accordance with Section 9.

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11.3. Either party may terminate this Agreement and/or any Order(s) (i) if the other party materially breaches
this Agreement and such breach has not been cured within thirty (30) days of receiving notice specifying the breach or (ii) in the event of Insolvency of the other party by providing sixty (60) days written notice and such Insolvency
is not cured within sixty (60) days after written notice thereof. If (i) Zinnia or any applicable Zinnia Affiliate makes a general assignment for the benefit of creditors or files a voluntary petition in bankruptcy; or (ii) a petition
in bankruptcy or any other case or proceeding in bankruptcy, receivership, reorganization, liquidation, dissolution or winding-up is filed, commenced, or instituted against Zinnia or any applicable Zinnia
Affiliate and remains undismissed for thirty (30) days, Zinnia shall notify Customer within ten (10) days. In such event and to the extent permitted by law, Customer may terminate this Agreement and/or any Order. If (i) Delaware Life
Insurance Company makes a general assignment for the benefit of creditors or files a voluntary petition in bankruptcy; or (ii) a petition in bankruptcy or any other case or proceeding in bankruptcy, receivership, reorganization, liquidation,
dissolution or winding-up is filed, commenced, or instituted against Delaware Life Insurance Company and remains undismissed for thirty (30) days, Customer shall notify Zinnia within ten (10) days.
In such event and to the extent permitted by law, Zinnia may terminate this Agreement and/or any Order. Customer may terminate this Agreement and/or any Order(s) if Zinnia fails to comply with the Operating Guidelines, and such failure results in,
or could reasonably be expected to result in, a material adverse impact to Customer and such failure has not been cured within thirty (30) days of Zinnia receiving notice specifying the failure. Customer may terminate this Agreement and/or any
applicable Order(s) for Zinnia's Default Performance Failure upon at least thirty (30) days' prior notice to Zinnia. In addition to any of its other rights or remedies (including termination rights), Zinnia may suspend provision of
Services (a) if Customer is thirty (30) days or more overdue on a payment of an undisputed amount, (b) if Zinnia reasonably determines suspension is necessary to avoid material harm to Zinnia or its other customers (in which case
Zinnia shall give Customer a detailed explanation as long as possible before any such suspension and make commercially reasonable efforts to avoid such suspension), or (c) as required by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4. Upon the termination of this Agreement and/or any Order(s) pursuant to Section 11.2 or 11.3 prior to the
completion of the applicable Services, Customer shall be refunded a pro-rata portion of any pre-paid fees applicable to the remainder of the terms. For the avoidance of
doubt, Customer shall not be liable to pay any fees for any Services (or portion thereof) that are terminated or suspended from being performed by Zinnia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5. Any terms of this Agreement that expressly survive termination or expiration, or by their nature ought to
survive termination or expiration, including without limitation Sections 8, 12 and 13, will survive, including provisions regarding confidentiality, disclaimers, exclusions and limitation of liability, indemnification, effect of termination,
controlling law and jurisdiction, notices and other provisions of interpretation and enforcement.

12. Termination Assistance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1. The following applies with respect to Services under each Order, unless set forth otherwise in the applicable
Order:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.1. At least ninety (90) days before expiration of the term of an Order, or in the case of a whole or partial
termination of this Agreement or one or more Orders, for any reason other than as described in Section 12.1.4 below, Customer may request Zinnia to provide Termination Assistance Services, and in such case, Zinnia will so provide in accordance
with the applicable Order for such Termination Assistance Services provided that such Order will conform with all applicable requirements of Termination Assistance Services set forth in this Agreement. Unless otherwise specified in writing by
Customer, the Termination Assistance Services shall commence on the date such notice is received by Zinnia and shall continue for the Termination Assistance Period. At any time during the Termination Assistance Period, Customer may terminate all
remaining Services by providing sixty (60) days written notice. Notwithstanding the foregoing, Customer may begin planning for the Termination Assistance Services, with reasonable help from Zinnia, prior to or around the time of officially
providing the Termination Assistance notice contemplated in this subsection and such planning will not alter the official commencement date of such notice nor be deemed to constitute such notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.2. Termination Assistance Services above and beyond the Services shall be provided as the Termination Assistance
Services for which Customer shall pay Zinnia at the time and materials rates set forth in the applicable Order for Termination Assistance Services which rates shall be comparable to the then-current prevailing rate for similar services that Zinnia
generally offers to its other similarly situated customers. For the avoidance of doubt, to the extent any Services are performed during the Termination Assistance Period, such Services shall be performed in accordance with this Agreement at the same
rate then in effect under the applicable Order (as may be adjusted for CPI).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.3. As part of the Termination Assistance Services, Zinnia will, upon written request of Customer and at
Customer's expense, provide Customer with an extract of all data relating to the Contracts, including all Books and Records (as defined in the TPA Addendum), which are then retained by Zinnia in a non-proprietary form and format as may be requested by Customer.

Until expiration of the Termination Assistance Period, Zinnia will promptly: (i) answer questions from Customer or Customer's agents regarding the Services; and (ii) deliver to Customer any remaining reports and documentation owned by Customer still in Zinnia's possession.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.4. Subject to Customer's compliance with the payment obligations in Section 12.1.2 above and
Section 12.1.10 below, Zinnia will provide the Termination Assistance Services regardless of the reason for expiration or termination of the applicable Order. Notwithstanding the foregoing, to the extent Customer has: (1) "Materially
Breached" (as hereinafter defined) its obligations under Section 4 or Section 5, and such breach is capable of being cured through commercially reasonable efforts by Customer, and (2) Customer fails to cure such breach in all
material respects after notice from Zinnia, then Zinnia shall not be obligated to provide any Services, including any Termination Assistance Services impacted by such material breach or if providing such Services or Termination Assistance Services
would cause Zinnia further losses. For purposes of this subsection (i), a "Material Breach" of Section 4 or Section 5 means a breach that would: (y) endanger the trade secret status or confidentiality status of the
Services; or (z) cause Zinnia to breach or remain in breach of its contractual obligations or statutory duties to one or more third parties in connection with the Services which are the subject of such breach by Customer. Notwithstanding the
foregoing, nothing herein shall limit Zinnia from pursuing injunctive relief as a result of a material breach by Customer of its obligations under Section 4 or Section 5.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.5. If Customer terminates this Agreement by reason of Zinnia's Insolvency, all licenses and rights of use
granted under this Agreement for the benefit of the Customer are deemed to be, for the purposes of Section 365(n) of the United States Bankruptcy Code (the "Bankruptcy Code"), licenses to rights in "intellectual
property" as defined under the Bankruptcy Code. Accordingly, the Customer will retain and may fully exercise all of its rights and elections under the Bankruptcy Code. Accordingly, the Customer will retain and may fully exercise all of its
rights and elections under the Bankruptcy Code. Upon the commencement of bankruptcy proceedings by or against Zinnia under the Bankruptcy Code, the Customer may retain the license rights and use rights as expressly granted in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.6. From time to time, Customer may sell, spin-off, divest its interests
in, or otherwise become disaffiliated with one or more Affiliates, business units, blocks, lines of business, product segments, or other subsets of its business ("Divested Business"). At Customer's request, Zinnia shall continue to
provide the Services, or the portion of the Services designated by Customer, to such Divested Business for up to 24 months following the divestiture or the balance of the Term of this Agreement (whichever is sooner to occur) under the then-current
terms and conditions of this Agreement and the applicable Order(s), including pricing. Unless and until a Divested Business (or the acquirer of such Divested Business) enters into contract with Zinnia or its Affiliate(s) for receipt of services in
place of the Services under this Agreement, any use of the Services by such Divested Business shall be deemed use of the Services by Customer and subject to all of the terms and conditions of the Agreement, and unless the Divested Business or the
acquirer of the Divested Business assumes responsibility for the performance of the relevant obligations of Customer, Customer shall be responsible for such Divested Business's acts or omissions to the same extent as if such acts or omissions
were by Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.7. If a Divested Business is an entity (as opposed to a business unit, line of business, or other subset), at the
entity's option, such entity may retain all or any Orders such entity has executed with Zinnia and such entity and Zinnia will enter into identical service agreement and addenda as in this Agreement (except for routine deviations needed to
conform to such entity's name and corporate particulars).

13. Miscellaneous.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1. Except for correspondence exchanged in the ordinary course of the day-to-day performance of this Agreement, notices under this Agreement must be in writing and must be sent to the intended recipient by prepaid registered letter or commercial courier (e.g. UPS), at its
address specified above, as may be changed by a party upon notice. Notices will be effective on the date sent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2. Neither party may assign or delegate any rights or obligations under this Agreement, whether by operation of
law or otherwise without the prior written consent of the other party, provided that: (i) Customer may assign this Agreement and/or any Order to one of its Affiliates by providing notice to Zinnia (provided that such Affiliate is not a
competitor of Zinnia); and (ii) Zinnia may assign this Agreement and/or any Order to one of its Affiliates by providing notice to Customer (provided that such Affiliate is not a competitor of Customer and provided such Affiliate has the
operational and financial capability to fully perform this Agreement and all Orders). Any purported assignment in violation of this paragraph is void. This agreement is binding upon the party's respective successors and permitted assigns.

13.3. Each party will comply with all applicable export control laws and economic sanctions programs relating to its
respective business, facilities, and the provision of services or products to third parties, including such applicable U.S. laws. Unless separately agreed by Zinnia, Zinnia is not responsible for compliance with any such laws or regulations
applicable to Customer or Customer's industry that are not applicable to Zinnia generally, including compliance obligations imposed on Customer due to anti-money laundering, sanctions, anti-corruption and anti-bribery laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4. This Agreement is to be governed and interpreted under the laws of New York, without regard to conflicts of
laws provisions. The exclusive jurisdiction and venue of any action brought with respect to this Agreement are the federal courts within Manhattan, New York, and if such federal courts do not have jurisdiction, then the federal and state courts in
Wilmington, Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5. EACH PARTY, TO THE EXTENT PERMITTED BY LAW, KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ITS RIGHT TO A
TRIAL BY JURY IN ANY ACTION OR LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS IT CONTEMPLATES. EACH PARTY ACKNOWLEDGES THAT IT HAS RECEIVED THE ADVICE OF COMPETENT COUNSEL AND THAT THE OTHER PARTY HAS IN NO WAY
INDICATED THAT IT MIGHT NOT ENFORCE THIS WAIVER.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.6. This Agreement creates no joint venture, partnership, employment, or agency relationship between the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.7. There are no third-party beneficiaries under this Agreement. Zinnia Affiliates, and Customer Affiliates that
have executed an Order, are not considered third parties for purposes of this section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.8. Subject to Section 13.9, neither party shall be liable or deemed to be in default for any delay or failure
in performance under this Agreement or interruption of service to the extent the default, failure or interruption is caused by, directly or indirectly, acts of God, civil or military authority, reasonably unforeseen unavailability of suitable parts,
materials, labor or transportation, or any cause beyond the party's reasonable control ("Force Majeure Event") but only if the delayed party: (i) gives the other party written notice of the cause promptly; (ii) uses
commercially reasonable best efforts to correct the failure or reduce the delay in its performance; and (iii) used its commercially reasonable best efforts to mitigate the risk associated with the event, in light of the severity of damages the
event could cause the other party, including, without limitation, maintaining adequate inventories of replacement parts and equipment and materials, and maintaining adequate human resource procedures to reduce reliance on certain employees or
contractors. Neither party shall be excused under this Section from its payment obligations. To the extent reasonably possible, the party affected by the Force Majeure Event shall commence performance promptly upon the cessation of the Force Majeure
Event.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.9. Zinnia shall maintain a disaster recovery and business continuation plan and the necessary resources and
capabilities covering the data center facilities, if any, used by Zinnia to fully perform the Services under this Agreement in accordance with a commercially reasonable and prudent on-going assessment of the
foreseeable risks that could prevent or impair Zinnia's performance under this Agreement ("Disaster Recovery and Business Continuation Plan"). Upon request, Zinnia will provide to Customer reasonable summaries of the Disaster
Recovery and Business Continuation Plan to enable Customer to verify the sufficiency of the Disaster Recover and Business Continuation Plan. Zinnia agrees that it will test the Disaster Recovery and Business Continuation Plan at least once every
calendar year during the term hereof and, upon request, certify to Customer that the Plan is fully operational. Upon request, Zinnia shall provide Customer with summaries of the test results, together with Zinnia's plan to remediate any
identified deficiencies in the Disaster Recover and Business Continuation Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.10. If for any reason a court of competent jurisdiction finds any term of this Agreement to be invalid, illegal or
unenforceable, that term will be enforced to the maximum extent permissible so as to effect the intent of the parties, and the remainder of this Agreement will continue in full force and effect. A party may not waive a right or remedy except
pursuant to a writing executed by such party. No failure or delay in exercising any right or remedy or requiring the satisfaction of any condition under this Agreement, and no course of dealing between the parties, operates as a waiver or estoppel
of any right, remedy or condition. A waiver made in writing on one occasion is effective only in that instance and only for the purpose that it is given and is not to be construed as a waiver of any future occasion. No single or partial exercise of
any right or remedy under this Agreement precludes the simultaneous or subsequent exercise of any other right or remedy. The rights and remedies of the parties set forth in this Agreement are not exclusive of, but are cumulative to, any rights or
remedies now or subsequently existing at law, in equity or by statute. No amendment, alteration or modification to this Agreement will be binding unless in writing and signed by duly authorized representatives of each party. This Agreement may be
executed in any number of counterparts, each of which when so executed will be deemed to be an original, and all of which taken together will constitute one and the same Agreement. Delivery of an executed counterpart of this Agreement by facsimile
or email transmission will be effective as delivery of an originally executed counterpart of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.11. Subject to the limitations set forth in Sections 8.4, in any litigation or arbitral or other proceeding between
the parties hereto arising out of or in connection with this Agreement, the prevailing party is entitled to recover its reasonable costs, legal fees and expenses (excluding allocated costs of in-house staff
counsel).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.12. In this Agreement: (a) references to any law, legislative act, rule, or regulation mean references to such
law, legislative act, rule or regulation in changed or supplemented form or to a newly adopted law, legislative act, rule or regulation replacing a previous law, legislative act, rule or regulation; (b) references and mentions of the word
"including" or "include" or the phrase "*e.g.*" will mean "including, without limitation" or "include, without limitation"; (c) unless otherwise specifically provided: (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," (ii)
the word "dollar" and the symbol "$" refer to United States Dollars, and ((d) unless otherwise specifically set forth in this Agreement, all consents and approvals to be given by either party under this Agreement shall not be
unreasonably withheld, delayed, denied or conditioned and each party shall make only reasonable requests under this Agreement; and (e) this Agreement and all documents relating to the transactions contemplated hereby, having been fully
negotiated, shall not be construed against any particular party on the basis that an ambiguity is construed against the drafter. The article and section headings are used in this Agreement for reference and convenience only and do not affect this
Agreement's construction or interpretation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.13. This Agreement, together with the exhibits, schedules, attachments and Orders, comprises the entire agreement
between Customer and Zinnia in connection with the subject matter hereof and supersedes all prior or contemporaneous negotiations, discussions, or agreements, whether written or oral, between the parties regarding the subject matter contained in the
Agreement. The parties acknowledges and agree that, unless otherwise specified in a written instrumented signed by an officer of each party, no changes, modifications or additional terms to this Agreement are valid or binding on the parties, even if
such changes, modifications or additional terms contain provisions to the contrary.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.14 All notices required or permitted under this Agreement (other than routine operational notices where email is
acceptable) shall be in writing and delivered to the receiving party at the address set forth below or at another address the receiving party may designate by written notice from time to time. Delivery shall be made in person, by certified mail,
return receipt requested, or by nationally recognized overnight courier service.

If to Customer:

Delaware Life Insurance Company

10555 Group 1001 Way

Zionsville, IN 46077

Attn; General Counsel

With a required copy to: legalnotices@delawarelife.com

If to Zinnia:

Zinnia Tech Solutions LLC

5801 SW Sixth Avenue

Topeka, KS 66636

Attn: Legal Team

With a copy to legalnotice@zinnia.com

14. Estimates for Services.

15. For all portions of the Services where the parties have not already agreed on specific pricing as set forth in
this Agreement or an Order, such as hourly rate services or time and materials services, Zinnia will propose to Customer an estimate for such Services prior to Zinnia performing such Services. The estimate will include all phases for such Services.
Customer will promptly review such estimate and provide written approval or rejection of such estimate. Zinnia will not perform any Services unless and until Customer has provided written approval of the estimate for such Services. Approved
estimates shall not exceed the greater of (a) **[\*\*\*]** or (b) **[\*\*\*]** without both parties executing a Change Order agreeing to such estimate overage. If such Services require Zinnia to propose to Customer a written estimate pursuant to
this Section and (i) Zinnia fails to submit such written estimate to Customer, (ii) Customer rejects such written estimate, or (iii) Customer approves such written estimate but the cost exceeds the amount in (a) or (b) (as
applicable) without both parties executing a Change Order agreeing to such estimate overage, and Zinnia performs such Services in whole or in part, then Zinnia will not be entitled to any compensation or fees for such Services, and Customer will not
owe any compensation or fees for such Services, and Customer will be entitled to fully realize the benefits of such Services just as if such Services had been performed like any other Services under this Agreement.

16. Zinnia Personnel.

16.1 As between Zinnia and Customer, Zinnia is responsible for the control, supervision, and direction of, and has sole authority to control, supervise, and direct, Zinnia Personnel in respect of their provision of the Services on behalf of Zinnia to or for the benefit of Customer. Zinnia also has sole authority and responsibility for the selection, hiring, promotion, demotion, dismissal, firing, training, and setting of salaries, wages, and benefits of Zinnia Personnel who are employees of Zinnia or Zinnia's Affiliates, and with respect to any complaints of Zinnia Personnel, Customer does not have an obligation, right, or authority to supervise, direct, discharge, or discipline any Zinnia Personnel. All acts, omissions, mistakes, errors, breaches, and faults committed by Zinnia Personnel shall be directly attributed to Zinnia and Zinnia shall be directly liable for same.

16.2 All costs incurred by Zinnia with respect to Zinnia Personnel directly or indirectly utilized to perform the Services, including all salaries, wages, benefits (including compensation, insurance, disability insurance, employees' pension plan, employee welfare benefit plan, unemployment insurance, vacations or leave), and employment-related taxes, shall, as between Zinnia and Customer, be borne solely, exclusively, and entirely by Zinnia. The parties do not intend, under this Agreement or otherwise, that Customer shall be required to create, maintain, or provide any benefits or rights for any Zinnia Personnel.

16.3 If Customer becomes reasonably dissatisfied with any Key Zinnia Personnel's performance and such dissatisfaction is based on objective, documented performance issues that materially affect the delivery of Services, Customer may provide written notice to Zinnia with the specific reason(s) for Customer's dissatisfaction and direction as to whether Customer would like Zinnia to attempt to correct the unsatisfactory performance or replace such Key Zinnia Personnel. The parties will then promptly discuss the matter in good faith, and Zinnia will use commercially reasonable efforts to comply with Customer's reasonable direction on the matter within sixty (60) days.

17. Significant Operational Change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.1. Prior to Zinnia making any Significant Operational Change, Zinnia shall provide at least sixty
(60) days' prior written notice to Customer before implementing such change, describing in detail the nature of the change and anticipated impacts. The parties shall then discuss such Significant Operational Change with Customer having
the opportunity to voice any concerns and provide other necessary input. If a Significant Operational Change is likely to negatively impact

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Customer or the Services, then Zinnia shall create and implement, at least thirty (30) days prior to implementing the Significant Operational Change, a risk mitigation strategy that reasonably prevents any negative impacts of such change on Customer and the Services and Zinnia will share a copy of such risk mitigation strategy with Customer. Zinnia will consider in good faith any concerns or suggestions reasonably voiced by Customer in implementing the Significant Operational Change.

18. Errors in the Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1. Zinnia will promptly notify Customer in writing upon discovering a Material Error in the Services. The notice
will include reasonable detail sufficient for Customer to assess the nature and potential impact of the error. The parties will cooperate in good faith to determine appropriate corrective action. Zinnia will not be entitled to any compensation,
fees, or other payment for assisting in investigating or resolving the Material Error or investigating or resolving any direct or indirect adverse consequences resulting from the Material Error. Any time incurred by Zinnia in diagnosing or resolving
issues that are not Material Errors as defined above, including investigation of problems not caused by Zinnia's operations or systems, will be billable to Customer at Zinnia's then-current time and materials rates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.2. **[\*\*\*]**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.3. The parties agree that (i) Zinnia will not be required to reimburse Customer for any overpayment amounts
and (ii) the recovery of any overpayments made to customers shall be the responsibility of Customer and initiated at Customer's sole discretion and that Zinnia shall reasonably and promptly assist Customer with this effort as Customer
deems necessary, at Zinnia's expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.4. In addition to any other remedies available to Customer, Customer may set-off amounts it owes to Zinnia against amounts otherwise owed by Zinnia under this section as long as (1) Zinnia has failed to timely reimburse Customer for costs as required in this section and
(2) Customer provides at least five (5) days' prior written notice to Zinnia informing Zinnia that Customer will set-off such amounts.

20. Service Locations.

Zinnia and its subcontractors shall access Customer Data and perform the Services only from the countries identified in Exhibit 5 or identified in the applicable Order. If Zinnia wishes to change or add any such countries, Zinnia shall provide no less than sixty (60) days' prior written notice to Customer where Zinnia shall set forth the new proposed country and reason for the new proposed country. Upon receipt of Zinnia's written notice, Customer shall have twenty (20) days to reasonably object to such country change by providing written notice to Zinnia. If Customer does so, Zinnia shall not make such change and the parties shall mutually discuss alternatives as necessary. If Customer does not provide written notice of objection within the prescribed time, Zinnia may proceed with the change in country. Notwithstanding any provision of this Agreement or an Order to the contrary, in no event shall Zinnia or any of its subcontractors access, transmit, or store any Customer Data or perform any Services from any locations where doing so is prohibited by law, such as but not limited to, any laws prohibiting the offshoring of certain data.

21. Monthly and Quarterly Business Review.

Once per month during the Term of this Agreement, the parties will meet to discuss the general state of the Services and any major issues that need attention. The topics of discussion may include, but not necessarily be limited to, SLAs, Change Orders, and incident management. These monthly meetings may be conducted remotely at a mutually agreed date and time and will include executive level individuals from each party (specific individuals to be mutually agreed). One individual attending each meeting will be tasked with recording the minutes of the meeting, topics of discussion, and any takeaway items requiring future action or follow up.

Once per quarter during the Term of this Agreement, the parties shall meet to discuss broader issues relating to the Services. The topics of discussion may include, but are not necessarily be limited to, any topics discussed in monthly meetings, as well as technology updates, security reviews, and other strategic initiatives. These quarterly meetings will be conducted in person (although individual may from time to time attend remotely) at a mutually agreed location, date, and time and will include executive level individuals from each party (specific individuals to be mutually agreed). One individual attending each meeting will be tasked with recording the minutes of the meeting, topics of discussion, and any takeaway items requiring future action or follow up.

22. Artificial Intelligence.

Zinnia will not use AI Systems (a) to make or support consumer decisions, (b) to the extent restricted by laws or regulation applicable to Customer or Zinnia in its performance of the Services without the prior written consent of Customer (which Customer may or may not provide in its reasonable discretion). Additionally, Zinnia will not use Customer Data, or Customer's third party vendor data that is sent to Zinnia by Customer for provision of the Services, to train any Artificial Intelligence, AI System, Machine Learning, or other similar systems that are intended for commercial distribution, and will not allow third-parties to do so, without prior written consent from Customer. The foregoing does not limit Zinnia's ability to use such data for training or fine-tuning Zinnia's internal Artificial Intelligence, AI Systems, or Machine Learning that are used internally by Zinnia related to provision of the Services and subject to the other requirements in this Agreement governing the use of Artificial Intelligence provided that such data is not combined with any data that is not Customer Data or Customer's third party vendor data in such a way as could reasonably be expected to expose Customer Data or Customer's third party vendor data to third parties .Any use of Artificial Intelligence by Zinnia related to its performance of the Services will at all times be in compliance with Exhibit 6.

23. Non-Solicitation.

The parties agree that, unless otherwise agreed to by the parties in writing, during the Term of this Agreement and for a period of one (1) year after the expiration or termination of this Agreement, neither party shall directly or indirectly solicit for hire as an employee or engagement as an independent contractor an employee of the other party who is or was, within one year, involved with the provision of the Services or receipt of the benefits thereof provided under this Agreement; provided that this prohibition shall not apply in respect

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of: (a) any such employee who responds to general advertisements or solicitations or recruitment searches not specifically targeted by the party or any of its Affiliates at any of the other party's employees or who is referred by search firms or employment agencies or similar entities so long as such entities have not been instructed by the party or any of its Affiliates or representatives to solicit such employees; (b) any such employee who approaches the party of his or her own initiative, without any direct or indirect solicitation by the other party or any of its Affiliates or search firms, employment agencies, or similar entities engaged by them; (c) any such employee who has been given or has given notice of termination or resignation to the other party prior to commencement of employment discussions between the party and such specific employee; or (d) any such employee with whom the party or any of its Affiliates are currently having employment discussions prior to the date of this Agreement, or any hires made by the party pursuant to any of the foregoing. The Parties agree that, in the event of any violation of this provision, the liquidated damages to be paid by the breaching Party, as its sole obligation, shall be **[\*\*\*]** or **[\*\*\*]**, whichever is less.

[SIGNATURES ON NEXT PAGE]

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| | |
|:---|:---|
| ZINNIA TECH SOLUTIONS LLC  | DELAWARE LIFE INSURANCE COMPANY |
| By: | By: |
| Printed Name: | Printed Name: |
| Title: | Title: |
| Date: | Date: |

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**EXHIBIT 1** 

**SECURITY PROCEDURES** 

This Exhibit specifies requirements for security for Customer Data.

1. **Definitions** 

1.1. "  **<u>Systems and Networks</u>**" means hardware, software (including the copies of
Zinnia's proprietary technology and third party technology installed thereon) and telecommunication facilities employed by Zinnia to receive, process, maintain, transmit and store data, whether or not such hardware, software and
telecommunications facilities are also used to host other parties' confidential or other information or software.

1.2. "  **<u>Security Incident</u>** "**  means any successful attempt, or attempt Zinnia has
reasonable confidence was either successful or material, to gain unauthorized access to, disrupt or misuse an information system containing Customer Data or information stored therein, including any unauthorized access, acquisition, use or
Processing of Customer Data.

1.3. "  **<u>Multi-Factor Authentication</u>**" means authentication through verification of at least
two (2) of the following types of authentication factors: (i) knowledge factors, such as password; (ii) possession factors, such as a token or text message on a mobile device; or (3) inherence factors, such as a biometric
characteristic.

1.4 "  **<u>Notification Related Costs</u>**" shall include **[\*\*\*]**.

2. **Information Security Management** 

2.1. Zinnia has and will implement and maintain during the term of the Agreement reasonable and appropriate security
measures, compliant with applicable data security laws, including physical, technical and administrative policies to ensure the confidentiality, integrity and availability of Customer Data. When appropriate, such measures will be approved by senior
management and contain sanctions for non-compliance. Zinnia's security policy(ies) will provide a framework for information security management within its overall organization. Zinnia will also have
guidelines or policies for securing personal information.

2.2. Zinnia will have dedicated resources (*e.g.,* manager or group) to foster and focus on information
security efforts. Zinnia will maintain the following details of such resources: contact details, a name, phone number and email address. Such resources shall use reasonable and appropriate efforts to maintain and enforce the security measures.

2.3. Without limitation to any of the foregoing, Zinnia will have a written security program that provides a
framework for information security management within their organization (together with the security measures set forth at section 2.1, the "  **<u>Security Program</u>** "). Zinnia will periodically review and update the Security Program
to ensure it continues to provide adequate protection to the Customer Data, consistent with the objectives described in this Exhibit. At a minimum, the Security Program should address the following key points:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The delegation and assignment of responsibilities for security;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Management oversight for the Security Program and its deployment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The means for managing security and associated risks within the enterprise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Policies and procedures for data confidentiality and privacy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Appropriate methods for the secure handling of Customer Data; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Incident response in the event of a Security Incident.

2.4 As part of the Security Program, Zinnia will maintain appropriate activity logs relating to the use and processing of Customer Data, to include login, policy action, action within the application, transaction events, and logouts, which logs shall be provided to Customer upon reasonable request.

2.5. **Reserved** 

2.6. At a minimum, the Security Program and safeguards for the protection of Customer Data shall include: (i) limiting access to Customer Data to authorized Zinnia employees, non-employee workers, consultants, temporary workers, third-party vendors, and subcontractors that have a need to know in order to perform the Services; (ii) securing business facilities, data centers, paper files, servers, backup systems, and computing equipment, including, but not limited to, all mobile devices and other equipment with information storage capability; (iii) implementing network, application, database, and platform security; (iv) securing information transmission, storage, and disposal; (v) implementing authentication and access controls within media, applications, operating systems, and equipment, including where applicable, Multi-Factor Authentication to protect against Security Incidents; (vi) encrypting Personal Information stored on any media, including mobile media; (vii) encrypting Personal Information transmitted over public or wireless networks; (viii) logically segregating Customer Data from information of Zinnia or its other customers so that Customer Data is not commingled with any other types of information, and ensuring production and non-production instances of Zinnia's applications are segregated and no unmasked Customer Data is present in a non-production instance; (ix) conducting regular risk assessments, risk-based penetration testing, and vulnerability scans and promptly implementing, at Zinnia's sole cost and expense, a corrective action plan to remediate or mitigate any issues that are reported as a result of the testing; and (x) providing appropriate privacy and information security training to Zinnia's employees.

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2.6. Zinnia will comply with the procedures for physical security as described on **<u>Attachment C (Physical Security Procedures)</u>** to **Exhibit 1 (Security Procedures)**.

3. **Internal Audit / Security Reviews** 

3.1. Annual security audits or assessments, including testing of the system of controls, will be performed by an
independent corporate audit group on a periodic basis. The audits should include testing of Zinnia's information security procedures, including backup and business continuity plan, as part of its Security Program. Zinnia shall upon request
provide summaries of tests and assessments to Customer.

3.2. SSAE 18. Each year, Zinnia will engage an internationally recognized third party auditor to conduct a SSAE 18
(or a generally accepted successor standard) audit with respect to the Services and provide a SOC 1, Type II report and a SOC 2, Type II report, at Zinnia's cost and expense. Zinnia will provide Customer and its external auditors with a copy
of such report to the extent related to the provision or receipt of the Services, and Customer may share a copy of such report with its customers, customer's agents, and regulators. If Zinnia issues a qualified audit report provided pursuant
to this Section, Zinnia will develop a remediation plan for affected controls as soon as is feasible and with such timing discussed and agreed to by Customer, but in no event later than 90 days after delivery of the qualified report. Zinnia will
reasonably promptly implement such remediation plan and use its best efforts to remediate findings within 180 days after delivery of the report where possible based on the nature of the finding. Zinnia will provide Customer with timely updates on
the progress of such plan until remediation is completed. It will be considered a material breach of the Agreement if Zinnia does not use its commercially reasonable efforts to remediate findings within 180 days after delivery of the report.

3.3. Zinnia will have a process for timely correcting control deficiencies that have been identified in audits or
assessments, consistent with the severity of the risk or vulnerability so identified, including follow up documentation providing evidence of such corrections. The foregoing notwithstanding, Zinnia will prioritize and reasonably promptly remediate
critical- and/or high-level finding(s) or issue(s) identified in accordance with Zinnia's Security Program. Zinnia will use commercially reasonable efforts to address audit findings and remain compliant with published industry standards.

3.4. Upon Customer's written request, to confirm Zinnia's compliance with this Exhibit, as well as any applicable laws, regulations, and industry standards, Zinnia will reasonably promptly and accurately to the best of its knowledge complete a commercially reasonable written information security questionnaire provided by Customer, regarding Zinnia's business practices and information technology environment for handling Customer Data..

4. **Personnel Practices** 

4.1. Zinnia will ensure that written confidentiality agreements are signed by all employees, non-employee workers, consultants, temporary workers and other persons, such as third party vendors and subcontractors, who have access to Systems and Networks and facilities containing Customer Data, and all such
individuals shall also promptly complete Customer's fraud training. Zinnia will ensure that all requirements in the preceding sentence are completed before any such individual has access to Systems and Networks and facilities containing
Customer Data.

4.2. Zinnia will ensure that pre-employment screening is performed in
accordance with  **<u>Attachment A (Basic Employee Background Investigation Policy Requirements)</u>** to  **<u>Exhibit 1</u> (Security Procedures)** for all employees, non-employee workers,
consultants, temporary workers and other persons, such as vendors, hired or engaged after the date of the Agreement and who provide Services to or for Customer.

4.3. Zinnia will apply the Disqualifying Standards as contained in  **<u>Attachment B (Background Check Disqualifying Standards)</u>** to  **<u>Exhibit 1</u> (Security Procedures)** to all current and future employees who provide Services to Customer to the extent that disqualifications are encountered in the pre-employment screening process or otherwise come to Zinnia's attention.

4.4. All employees, non-employee workers, consultants, temporary workers and
other persons, such as third party vendors and subcontractors who have access to the Systems and Networks and facilities and are performing Services to Customer will be made aware of, and be required to adhere to, the Zinnia Security Program, and
have appropriate training in security practices including the handling of sensitive data.

5. **Employee Remote Electronic Access** 

5.1. Persons electronically accessing data in Systems and Networks remotely will be authenticated using Multi-Factor
Authentication, provided that any employees of Customer who access Systems and Networks must use Customer's Multi-Factor Authentication.

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5.2. Employee remote access solutions will technically prevent the export of Customer Data by Zinnia employees, non-employee workers, consultants, and temporary workers to any computer or device not controlled by Zinnia, including such Person's personal local computer situated outside the Zinnia's facilities.

6. **Storage of Data on Mobile Devices** 

6.1. Zinnia will ensure the security of Customer Data on distributed devices by requiring the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. No mobile devices not belonging to Zinnia will be allowed to store such data, except in accordance with
Zinnia's mobile device policy. The term "mobile device" includes, but is not limited to, laptop computers, mobile phones, or other portable electronic devices with storage capability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. If any storage device, laptop or other mobile hardware contains or may contain Customer Data, such data will be
encrypted with a minimum 128-bit encryption key length; and

7. **Back-up and Business Continuity Plans** 

7.1. Zinnia will have and maintain a data backup and offsite storage process, including backup/storage schedules and
control requirements that address the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Zinnia will have business continuity plans in place which define contingency plans and which enable Zinnia to
recover business operations and data critical and essential to the delivery of the Services after a business disruption. Zinnia's business continuity plans must provide for the testing of such contingency plans. Zinnia will indicate the
frequency of such testing and ensure that those plans ensure the Zinnia's service level commitments to Customer can be met; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Data backups stored both on and off the Zinnia's site will be maintained in a secure climate-controlled
environment with sufficient controls to ensure the backup media are actually being received by the storage facility and that transportation boxes containing such media have not been tampered with, diverted or lost during transport.

7.2. Without limiting the foregoing, Zinnia shall implement and maintain a disaster recovery plan, consistent with
industry standards and reasonably acceptable to Customer, to be implemented in the event of a Business Interruption, which plan shall be tested regularly and not less that once annually. The Term "Business Interruption" means
(i) any material interruption of or interference with Zinnia's ability to continue to provide the Services, including any denial of service or inability to access the Systems and Networks, or (ii) any event, whether anticipated or
unanticipated, which disrupts the normal course of business operations.

7.3. Zinnia will provide reasonable summaries of its disaster recovery and business continuation plan to enable
Customer to verify the sufficiency of the plan upon Customer's request and, upon request, will certify to Customer that each plan operates in accordance with its objectives.

8. **Security and Processing Controls** 

8.1. Zinnia will have standards and procedures in-place to address system
configuration, operation and management controls for the Systems and Networks, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Industry-standard security technologies to protect Customer Data, including but not limited to physical access
controls and logical access controls;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Security controls appropriate for the Systems and Networks and their application environment as recommended by
manufacturers and best practices published by industry organizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Identification and patching of security vulnerabilities consistent with the following protocol:

Critical – within 15 days

High – within 30 days

Medium – within 90 days

Low – Based on risk assessment and prioritization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Change control process and procedures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Problem management;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Incident detection, response and management; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Data access entitlement and a review process for existing entitlements and changes to them.

8.2. If Zinnia connects to the Internet or other external facilities it will have in place technology controls
including firewalls, security monitoring and alerting systems (*i.e.*, Intrusion Detection Systems).

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8.3. In the event of a Security Incident, upon reasonable request, and to the extent permitted by law, Zinnia will
share with Customer all relevant access logs regarding the impacted Customer Data.

9. **Notification & Reporting Obligations** 

9.1. Zinnia will inform Customer of the following events without undue delay, as soon as practicable after the
event, but unless prohibited by law, no later than 48 hours after Zinnia becomes reasonably assured that one of the following events occurred:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Any Security Incident affecting Customer Data;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Termination of any personnel for cause, where related to such personnel's misuse or compromise of
Customer Data;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. If permitted by applicable law, any law enforcement or governmental investigation or inquiry into suspected
misuse or abuse of Systems and Networks affecting Customer Data; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The loss of any physical device that may reasonably have contained Customer Data.

9.2 Intentionally omitted.

9.3. Notice and reporting as required by Sections 9.1 and 9.2 of this Exhibit will be provided by e-mail to both Customer e-mail addresses as follows:

privacy@delawarelife.com

infosec@group1001.com

9.4. Any notice pursuant to Sections 9.1 or 9.2 will summarize, in reasonable detail and to the extent known, the nature and scope of the event (including a description of all impacted Customer Data) and the corrective action already taken or planned by Zinnia. The notice will be timely supplemented to the level of detail reasonably requested by Customer, inclusive of relevant non-privileged investigative or forensic reports. For the avoidance of doubt, Zinnia has an ongoing obligation to update such notice until the reportable event has been resolved.

9.5. Immediately following Zinnia's notification to Customer of a Security Incident Zinnia agrees to reasonably cooperate with Customer in Customer's handling of the matter, including, without limitation: (i) providing information regarding any investigation;; (ii) making available all relevant records, logs, files, data reporting, and other materials required for Customer to comply with applicable law or regulation; and (iii) providing to Customer an incident report and a report summarizing all lessons learned from the event and improvements to be made to prevent a recurrence of any similar event.

9.6. Zinnia will at its own expense use commercially reasonable efforts to immediately contain any breach.

9.7. Unless required by law, Zinnia will not inform Customer's policyholders of any Security Incident without first informing Customer, other than to inform a complainant that the matter has been forwarded to Customer's legal counsel.

9.8 If Customer is legally required to notify any individuals or regulators of a Security Incident, Zinnia shall reimburse Customer within thirty (30) days after receipt of an invoice with supporting documentation for all reasonable Notification Related Costs incurred by Customer arising out of or in connection with any Security Incident.

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**ATTACHMENT A TO EXHIBIT 1** 

**<u>BASIC EMPLOYEE BACKGROUND INVESTIGATION POLICY REQUIREMENTS</u>**

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| | |
|:---|:---|
| **Persons Subject to Pre-Employment Screening** | **Scope of Pre-Employment Screening\*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • Employees<br>• Non-employee workers<br>• Consultants<br>• Temporary workers<br>• Other persons, such as vendors, hired or engaged by Zinnia after the date of the Agreement and who provide Services to or for Customer<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • **<u>Verification of Identity</u>.** Zinnia will verify each employee's identity in accordance with Federal form I-9 or using a current driver's license, a certified copy of the employee's birth certificate, a passport, or through means such as an original social security card, and comparison of applicant's physical characteristics with information furnished by employment, education and other records.<br>• **<u>Employment History</u>.** Zinnia will obtain employment and unemployment history for the past seven (7) years and will verify claimed periods of employment, including military history, during the review period.<br>• **<u>Educational History</u>.** Zinnia will verify the highest degree obtained, regardless of date granted. If applicant has higher education, Zinnia will verify by obtaining an official transcript from the educational institution or by performing a verbal validity check, and/or third-party background screening provider.<br>• **<u>Criminal History</u>.** Zinnia will conduct a ten (10) year criminal conviction record check, covering all counties of residence and employment during such ten (10) year period. Convictions will not necessarily be a barrier to an employee being assigned to Customer. Factors, including, but not limited to, full disclosure in the application will be considered. Pursuant to the Violent Crime Control and Law Enforcement Act of 1994, however, individuals who have been convicted of a felony involving breach of trust or dishonest will be prohibited from providing Services to Customer unless they have obtained the requisite waiver from the appropriate insurance commission.<br>• **<u>Financial History</u>.** Zinnia will run a credit check for each employee, and must obtain a credit report from one of the three major credit reporting firms; ; provided that such requirement does not apply to employees or workers based in India.<br>• **<u>U.S. Department of Treasury, Office of Foreign Asset Control ("OFAC")</u>.** Zinnia will complete a current (within thirty (30) days before placement) OFAC check for each employee. Only those individuals who are not on the OFAC list will be placed at Customer.<br>|

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\* Applicable to all persons listed in the "Persons Subject to Pre-employment Screening" column.

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**ATTACHMENT B TO EXHIBIT 1** 

**<u>BACKGROUND CHECK DISQUALIFYING STANDARDS</u>**

If Zinnia believes that applying any of the following disqualifying standards ("**<u>Disqualifying Standards</u>**") would violate applicable law, including Title VII of the Civil Rights Act of 1964, as amended, Zinnia may disregard such standards to the extent Zinnia reasonably determines that to apply such standards would violate applicable law. The provisions below apply to only those persons actually engaged in performing activities for Customer.

---

| | | | |
|:---|:---|:---|:---|
| **Educational**<br> **Misrepresentation** | **Employment**<br> **Misrepresentation** | **Credit Issues\*** | **Criminal**<br> **Issues** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • If educational institution has no record of the individual attending the school and the candidate cannot provide supporting documentation<br>• If documentation supplied by candidate is proven a forgery by the Zinnia<br>• If candidate states that they have a degree on their resume but then discloses on the application that they did not graduate<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • If employer has no record of employment and candidate cannot supply a reference or documentation proving employment<br>• If candidate lists one employer for a specific time frame on the resume and then discloses on the application that they were employed elsewhere during that time period<br>• If candidate lists reason for termination as voluntary on the application and employer informs Zinnia that employee was terminated for cause<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • Unpaid Tax Liens<br>• Defaulted Student Loans<br>• Unpaid Alimony<br>• Unpaid Child Support<br>• Charge Off Accounts and/or Collection Accounts exceeding $50,000<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • Any felony conviction occurring in the last ten (10) years that would make the individual subject to statutory disqualification as defined in Section 3(a)(39) and Section 15(b)(4) of the Securities Exchange Act of 1934.<br>• Any felony conviction involving breach of trust or dishonesty, no matter when convicted, unless the convicted individual has obtained the requisite waiver from the appropriate insurance commissioner pursuant to the federal Violent Crime Control and Law Enforcement Act of 1994(18 U.S.C. §§ 1033-1034) or the state equivalent of such Act.<br>• A listing on the OFAC list<br>• Any misdemeanor conviction involving fraud, false statements or omissions, wrongful taking of property, bribery, forgery, counterfeiting or extortion in the last 10 years that would make the individual subject to statutory disqualification as defined in Section 3(a)(39) and Section 15(b)(4) of the Securities Exchange Act of 1934.<br>• Any instance where the candidate has indicated that they do not have any criminal convictions but subsequent check of criminal records reveals a conviction<br>|

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\* Ignore debts discharged pursuant to bankruptcy proceedings.

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**ATTACHMENT C TO EXHIBIT 1** 

**PHYSICAL SECURITY PROCEDURES** 

Guidelines for minimum physical security measures to be implemented at service locations processing Customer Data ("**<u>Zinnia Service Location(s)</u>**").

1. **Scope** 

1.1. Zinnia will maintain a corporate security function ("  **<u>Zinnia Corporate Security</u>**") that
will manage the security and life safety functions of the firm. Zinnia Corporate Security is expected to review the security posture of every Zinnia Service Location and prepare a Security Plan (defined below) based upon Zinnia's corporate
standards and the policies detailed in this document.

2. **Administration/Reporting** 

2.1. Security Responsibility

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Every Zinnia Service Location, regardless of size, must have one (1) person responsible for security
matters. An appropriate employee will be given this assignment to maintain reliability and assurance.

2.2. Duties, Location Security Representative (All Locations). Zinnia will:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Prepare a security plan ("  **<u>Security Plan</u>**") that conforms to the guidelines set forth
in this document and in those policies set forth by the Corporate Security Department.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Ensure that fire evacuation plans and any other crisis plans applicable to that Zinnia Service Location, are
viable and tested as required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Maintain a file containing any material security related problems that occur in the Zinnia Service Location;
security and safety related issues in the building; and incidents that occur in the city/country that relate to security/safety, of Zinnia, its personnel, and its customers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Report significant incidents to Zinnia corporate security in a timely manner. Track and report on an ongoing
basis those local incidents that denote a significant threat or that may adversely affect Zinnia and/or the Zinnia Service Location.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Maintain the emergency contact lists for both local contacts and for internal Zinnia notification.

2.3. Reports (All Locations).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Security/safety related reports will be issued to Customer by exception only to avoid unnecessary reporting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Reports will be necessary when a significant security/safety related incident occurs in the Zinnia Service
Location or to their personnel; a threat develops that could affect Zinnia's operation; a significant political event occurs or is anticipated that may affect security; any other incident or threat that the Zinnia Service Location feels would
assist Zinnia Corporate Security to offer assistance or guidance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Zinnia Corporate Security will request additional information from a Zinnia Service Location, as needed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Reports shared by Zinnia with Customer may be redacted to exclude confidential customer information. However,
all issues that relate to the general security/safety environment in the Zinnia Service Location that could reasonably be expected to affect Customer interest should be disclosed by the Zinnia.

3. **Corporate Security** 

3.1. Zinnia Corporate Security will maintain a central repository of copies of Zinnia Service Location Security
Plans.

3.2. Zinnia Corporate Security may assist any Zinnia Service Location in developing its Security Plan.

4. **Physical Security** 

4.1. Access Control

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The goal of a facility access control system and its procedure is to limit access to those who have a
legitimate reason for entering and to restrict the movement of visitors and Zinnia to those parts of the facility where they have a legitimate purpose. In some cases, this restriction will apply to employees, as in the case of limiting access to a
computer/equipment room, cage area or segregated department.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Zinnia Service Locations will utilize access control systems. All Zinnia Service Locations that are used to
provide the Services and that do not utilize and maintain functioning electronic access card systems must be pre-approved by Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Electronic Access Cards:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Can be used as an ID Card when required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Creates a record of persons entering access doors at all times.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Avoids the time and cost of replacing keys, locks, etc.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Receptionist:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) All Zinnia Service Locations shall have a receptionist or security officer during working hours.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) All Zinnia Service Locations must have some means of controlling access after regular business hours when the
receptionist or security officer is not present, such as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) CCTV on access points in conjunction with electronically controlled latch; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Door locked and manually opened after hours upon presentation of ID by visitor to security officer or other
employee; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) Security Officer posted at entry points.

4.2. Alarms

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All Zinnia Service Locations must have an intrusion alarm system that, at a minimum, protects all perimeter
openings and major data center portals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The extent of CCTV required will be site-specific and determined on a case-by-case basis. However, at a *minimum*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Zinnia Service Location entry points and major data center portals will be covered by CCTV; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) All cameras must be recorded with recorders located in a secure area and stored for a thirty (30) -day period.

5. **Visitors** 

5.1. Reception Areas

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. No Customer representative or visitor should be allowed past the reception area unless they have been
positively identified and the person to be visited has verified the appointment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Where possible, visitors should be escorted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Access from reception areas to Zinnia Service Location space will be controlled by the receptionist or opened
by the person escorting. If this is not operationally viable, alarms should alert security officers if a problem develops.

5.2. Security Officers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Security officers are a Zinnia Service Location option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Zinnia procedures for hiring security officers will follow the procedures substantially similar to those set
forth in **Attachments A (Basic Employee Background Investigation Policy Requirements)** and **Attachment B (Background Check Disqualifying Standards)** to this **Exhibit 1 (Security Procedures)**.

6. **Emergency Procedures** 

6.1. Fire/Evacuation Plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All Zinnia Service Locations must have a fire/evacuation plan and must review it for personnel and other
changes as required, minimally once a year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Every Zinnia Service Location must be familiar with the building's fire/evacuation plan and how it
affects Zinnia. Zinnia must conduct tests to ensure that employees recognize the fire alarm warning system.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. If deficiencies are found in a building's plan or fire safety systems, reasonable effort must be made to
rectify the problems. Zinnia Corporate Security assistance should be requested when necessary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. All Zinnia Service Locations must have a fire alarm and suppression system.

6.2. Emergency Contact Lists

All Zinnia Service Locations must maintain up to date emergency contact lists. At a minimum these lists should be updated quarterly and should contain the following information:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. A list containing the local Zinnia Service Location personnel who would be involved in security problems or
other emergencies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. All government agencies that could lend support during an emergency;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Security vendors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Utilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Repair personnel, etc.; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. A list containing all pertinent contact personnel at headquarters and at other regional Zinnia Service
Locations.

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**<u>Exhibit 2</u>**

**<u>Data Processing Addendum</u>**

This Data Processing Addendum ("**Addendum**") supplements the agreement(s) between Group 1001 IP Solutions, LLC ("Customer") and Zinnia Tech Solutions LLC ("**Vendor**") pursuant to which Vendor performs services for Customer (together with any addenda, schedules and other attachments to such agreement(s), the "**Agreement**"). Existing terms in such agreement(s) remain in effect except that this Addendum controls in the event of a conflict with such terms. Terms used herein shall have the meaning set forth in the Glossary attached hereto (regardless of how those terms may be defined in the Agreement).

**1.**  **<u>General Rights and Obligations</u>** . Vendor will Process Customer Data in compliance
with applicable law at all times. Vendor will ensure that, at all relevant times during the term of the Agreement, all Vendor personnel engaged in the Processing of Customer Data are subject to enforceable obligations to maintain the confidentiality
of such Customer Data and to comply with the other relevant obligations and restrictions of this Addendum.

**2.**  **<u>Processing Instructions</u>** . Vendor will Process Customer Data solely for the purpose of
performing the services and/or other obligations of Vendor under the Agreement ("Services") and in accordance with Customer's instructions as issued from time to time in writing (including as reflected by this Addendum).

**3.**  **<u>Specific Certification on Use of Personal Information</u>** . With regard to Personal
Information which Vendor may collect, receive, or otherwise Process as a result of the Agreement, Vendor shall not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.** Sell, share, rent, release, disclose, disseminate, make available, transfer, or otherwise communicate
orally, in writing, or by electronic or other means, Personal Information to another business or a third party for monetary or other valuable consideration ("sell" and "share" shall have the meaning as the terms are defined
under applicable law, including CCPA);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.** Retain, use, disclose, collect, sell, share, use, or otherwise Process Personal Information for any
purpose other than for the specific purpose of, and as necessary for, performing the Services specified in the Agreement. For clarity, Vendor may not retain, use, or disclose the Personal Information for any other commercial purposes or outside of
the direct business relationship between Vendor and Customer; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c.** Combine Personal Information with that of another entity other than for the specific purpose of, and as
a necessary for, performing Services specified in the Agreement or any business purpose as defined in regulations adopted pursuant to paragraph (10) of subdivision (a) of Cal. Civ. Code § 1798.185, except as provided for in paragraph
(6) of subdivision (e) of Cal. Civ. Code § 1798.140 and in regulations adopted by the California Privacy Protection Agency.

By execution of this Addendum, Vendor hereby certifies that it understands the specific restrictions contained in this Section 3 and will comply with the same.

**4.**  **<u>Subcontracting</u>** . **  

If Zinnia engages any other person to assist it in Processing Personal Information for a business purpose on behalf of Customer, such engagement shall be considered subcontracting, and Zinnia shall comply with the subcontracting requirements and restrictions set forth in the Agreement. Further, the engagement will be pursuant to a written contract containing all applicable provisions of this Addendum and requiring the other person to observe all the requirements set forth in Cal. Civ. Code § 1798.140(ag)(1). All subcontractors will also be subject to the background check requirements in the Agreement.

**5.**  **<u>Cooperation to Facilitate Individual Rights Requests</u>** . Vendor will notify Customer promptly
via email at <u>infosec@group1001.com</u> or as otherwise designated in writing by Customer, and in any case within 2 business days, if it receives any inquiry, complaint, request or claim (a "Request" or collectively,
" **Requests**") from an individual to exercise rights under applicable law with respect to Personal Information. Vendor will not respond to any such Requests without Customer's prior written consent except to acknowledge receipt
of the request, to the extent required by applicable law, or as necessary to confirm that the request relates to Customer or Customer Data. Vendor will cooperate fully with Customer, at Customer's expense, with respect to, and facilitate
Customer's response to all such Requests. Without limitation, Vendor will promptly provide any reasonable information requested by Customer relating to Vendor's Processing of Personal Information that is reasonably necessary for Customer
to respond to a Request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.**  **<u>Other Communications with Individuals</u>** . Unless required or recommended by applicable law,
Vendor will obtain Customer's written consent before delivering any privacy notices, terms and conditions, or similar materials or communications, to any individuals with respect to whom Vendor collects, creates, generates, or accesses
Personal Information in connection with Vendor's provision of Services. The foregoing does not apply to: (i(Vendor's privacy notice (currently available at <u>https://zinnia.com/privacy-policy/</u>), (ii)terms of use for Zinnia.com, and
(iii) any privacy notices, terms, or similar communications provided through consumer-facing sites or platforms operated by Vendor or its affiliates, including but not limited to Policygenius, Zinnia Live, and MyPolicyView.

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**7.**  **<u>Data Retention, Return and Destruction</u>** .

**<u>Data Retention and Return</u>**. Vendor may retain Customer Data only for the period of time required for Vendor to perform the Services pursuant to the Agreement or requested in writing by Customer, or such longer period as may be required by applicable law, provided that Vendor shall implement appropriate measures to ensure such retained Customer Data is segregated and secured consistent with the Agreement, not further Processed except to the extent required pursuant to such law, and retained only so long as is necessary to fulfill such legal requirement. Upon termination or expiration of the Agreement for any reason, at any time upon Customer's written request, or when retention is no longer permitted under the previous sentence, Vendor shall promptly return all Customer Data to Customer in the form provided or in a reasonable form requested by Customer. Vendor will never refuse for any reason, including Customer's material breach of this Agreement, to provide Customer with the Customer Data in accordance with this paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.**  **<u>Data Destruction</u>** . Except to the extent prohibited by applicable law, Vendor will destroy
all copies of Customer Data maintained by it or its subcontractors as required by Customer or applicable law. Customer's right to direct data destruction under this provision will survive expiration or termination of the Agreement or this
Addendum for any reason. Upon request, Vendor will provide Customer a certification signed by an officer or senior manager of its company attesting to such destruction.

**8.**  **<u>Data Transfers</u>.** Zinnia shall not transfer Customer Data outside of the United
States, India, Ireland, and Canada without the prior written consent of Customer (email to suffice). For the avoidance of doubt, in all of these countries and in any other countries where Customer provides such prior written consent, Zinnia shall
comply with Exhibit 1 (Security Procedures) regarding all Customer Data.

**9.**  **<u>Cooperation</u>.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.**  **<u>Cooperation</u>** . Vendor will fully cooperate with Customer's reasonable requests to meet
Customer's obligations under applicable law relating to Vendor's Processing of Customer Data. Upon request, Vendor will cooperate with Customer in conducting assessments relating to Vendor's Processing of Customer Data. Vendor
shall notify Customer if it makes a determination that it can no longer meet its obligations under applicable law relating to Vendor's Processing of Customer Data. Vendor hereby grants to Customer the right to take reasonable and appropriate
steps, and shall cooperate reasonably with Customer in respect thereof to (i) ensure that Vendor uses Personal Information in a manner consistent with Customer's obligations under applicable law and (ii) stop and remediate
Vendor's unauthorized use of Personal Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.**  **<u>Notification of Claims</u>** . Vendor will notify Customer promptly if Vendor becomes or
reasonably believes it may become a party to claims or investigations relating to Vendor's Processing of Customer Personal Information. Vendor will cooperate, at Customer's expense, with Customer in responding to such claims or
investigations.

**10.**  **<u>Miscellaneous</u>.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.**  **<u>Non-Limitation / Conflict</u>** . The provisions of this
Addendum are in addition to, and without limitation of, any other restrictions, protections or obligations imposed upon Vendor with respect to Customer Data under the Agreement. In the event of a direct conflict between this Addendum and any
provisions of the Agreement, this Addendum will prevail to the extent of such conflict.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.**  **<u>Survival</u>** . These terms shall survive for so long as Vendor Processes or has access to any
Customer Data or Customer information systems.

**<u>Glossary</u>**

"**<u>Customer Data</u>**" means any or all of the following, and all copies thereof, regardless of the form or media in which such items are held: (a) confidential information of Customer, including Personal Information (as defined herein); (b) data and/or information provided or submitted by or on behalf of Customer to Vendor regardless of whether considered confidential information; and (c) data and/or information submitted, stored, recorded, processed, created, derived or generated by Vendor as a result of and/or as part of the provision of Services or Products; provided, however, that Experience Data (as defined in the Agreement) is not Customer Data.

"**<u>Personal Information</u>**" means any and all information in any medium or format which Vendor accesses or acquires from Customer or its Affiliates, which Customer or its Affiliates provide to Vendor, or which Vendor collectors or acquires on behalf of Customer or its Affiliates that identifies, relates to, describes, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular consumer, household, or device. Without limitation, "Personal Information" includes information qualifying as "personal information," "personal data," "nonpublic personal information," "nonpublic information" and similar terms under the applicable laws and their implementing regulations, including without limitation: (1) California Consumer Privacy Act of 2018 (Cal. Civ. Code § 1798.100, *et seq*.), as amended by the California Privacy Rights Act ("CCPA"); (2) 23 NYCRR Part 500; (3) the California Financial Information Privacy Act (Division 1.4, Section 4050, et seq.); and (4) Gramm Leach Bliley Act (15 U.S.C. § 6801, *et seq*.).

"**<u>Process</u>**" or **<u>"Processing"</u>** means any operation or set of operations performed upon Personal Information or sets of Personal Information, whether by automatic or manual means, such as collection, recording, organization, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, blocking, erasure or destruction.

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"**<u>Security Incident</u>**" means any successful attempt, or attempt Zinnia has reasonable confidence was either successful or material, to gain unauthorized access to, disrupt or misuse an information system containing Customer Data or information stored therein, including any unauthorized access, acquisition, use or Processing of Customer Data.

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EXHIBIT 3 – SUBCONTRACTORS

**NTT DATA, Inc.** – (offshore, onshore and nearshore) information technology infrastructure support; application development, and application maintenance and support; (offshore, onshore and nearshore) staff augmentation. NTT DATA, Inc. subcontracts to NTT DATA Global Delivery Service Limited and NTT DATA Canada, Inc.

**O'Neil Digital Solutions, LLC** – print services.

**RR Donnelley Global Investment Markets, a division of RR Donnelley & Sons Company** – compliance mailing and printing; RR Donnelley subcontracts to RTC Direct Mailing for prospectus, annual and semi-annual report mailing and to MBS Insight, Inc. for NCOA scrubbing.

**SOVOS Compliance (f/k/a Convey Compliance Systems, Inc.)** – withholding calculations, payments to taxing authorities and tax statement mailing; Convey subcontracts to CDW for data hosting facilities and disaster recovery services and to Venture Solutions (f/k/a Scicom) for print services and incoming mail services.

**Iron Mountain Information Management, LLC (f/k/a Stacks LLC)** – file storage and document destruction.

**TierPoint, LLC (f/k/a CoSentry.net, LLC)** – back-up printing and disaster recovery.

**Veritas Documents Solutions, LLC (an RR Donnelley Company)** – compliance mailing.

**Accenture LLP** – systems upgrades and support; staff augmentation.

**AdvantageTech, Inc.** – staff augmentation.

**Andrew Reise, LLC d/b/a Andrew Reise Consulting** – staff augmentation (Delivery support such as Project Management, Business analysts, Programmers, etc.).

**Broadridge Customer Communications Central, LLC** - print and print related services.

**Broadridge Mailing Services, LLC** – postage and shipping services.

**Cathedral Corporation** – electronic statement presentment/rendering services for an existing archive of PDFs.

**Clarion Resourcing** – staff augmentation.

**Cooperative Technologies, Inc.** – access to the CT Ceding Carrier Contact and Replacement Requirements Database.

**Deloitte Consulting, LLP** - staff augmentation (Delivery support such as Project Management, Business analysts, Programmers, etc.).

**Depository Trust and Clearing Corp – (Customer relationship) –** positions, prices.

**DST Systems, Inc. (Customer relationship) –** FANmail/Vision, positions, prices.

**Flexible Architecture and Simplified Technologies, Inc. –** product setup, systems upgrades and support; staff augmentation (Delivery support for management of the Fast admin platform).

**Hyland Software, Inc.** – software set up, installation of system modifications, error correction and other application and database level development.

**LexisNexis Risk Solutions FL Inc. –** Validate dates of birth and locate lost contract holders and/or beneficiaries.

**Microsoft** - hosted subscription service.

**Mphasis Limited (onshore and offshore)** – staff augmentation, project-related work; managed services.

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**Premier Personnel, Inc., d/b/a Premier Employment Solutions –** staff augmentation resources (Business Processes (call center, administrative, etc.).

**Genpact (UK) Limited** – US based staff augmentation

**Records Center of Topeka, a division of Underground Vaults & Storage, Inc.** – back up tapes storage.

**SS and C Technologies, Inc. –** Address Screener.

**TriCom Technical Services, L.C. –** staff augmentation (Delivery support such as Project Management, Business Analysts, Programmers, etc.).

**Venio LLC, d/b/a Keane –** lost shareholder searches.

**VTX LLC** – staff augmentation.

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EXHIBIT 4 – POTENTIAL TERMINATED TPA OPERATIONS SERVICES

---

| | |
|:---|:---|
| **TPA Operations Service** | **Reduction of TPA Services Fee\* (based on the Services**<br> **provided on the date hereof)\*** |
| FAST/LifeCad Redemptions Full / Partial – ALL types (transfers, 1035 exchanges, etc...) | [\*\*\*] |
| Banking Changes | [\*\*\*] |
| FAST/LifeCad Claims Processing | [\*\*\*] |
| LifeCad Initial Claims Packages | [\*\*\*] |
| Licensing – processing | [\*\*\*] |
| Licensing & Commissions – Calls | [\*\*\*] |

---

\* The percentage reduction is calculated based on the Services listed in the TPA Order Form as of the Effective Date. If any of these Services are removed, the percentage allocations for the remaining Services will be adjusted proportionately. Transitional Services are excluded from this calculation and will be scoped separately. In the event a Service is taken back, Zinnia will apply a proportional deduction to the associated pricing in the TPA Order Form to reflect the reduced service scope. 

------

EXHIBIT 5 – COUNTRIES FOR SERVICES

1. United States

2. India

3. Canada

4. Ireland

------

EXHIBIT 6 - USE OF ARTIFICIAL INTELLIGENCE

This Exhibit governing the use of Artificial Intelligence ("AI Addendum") contains additional terms and conditions to the Agreement that shall apply to the Services, as defined in the Agreement. Such terms and conditions have been updated to the extent Zinnia uses Artificial Intelligence to perform any material portion of the Services or to perform any Services that are exclusively dedicated to Customer. If any terms and conditions in this AI Addendum are different from, conflict with, or are inconsistent with, those in the Agreement, any Order or subscription document, or any of Zinnia's online policies or terms and conditions (including, but not limited to, its privacy policy, terms of use, support policies, and service level agreements), the order of precedence shall be as follows (terms from a lower number shall have priority over, and shall control in the event of a conflict with, terms from a higher number): (1) the Order Addendum, to the extent the Order Addendum states that it expressly overrides the AI Addendum; (2) the AI Addendum; (3) the Agreement; and (4) Zinnia's online policies or terms and conditions, except as expressly provided for herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Definitions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. "AI System" is an Artificial Intelligence machine-based system or model that can, for a given set
of objectives, generate outputs such as predictions, recommendations, content (such as text, images, videos, or sounds), or other output influencing decisions made in real or virtual environments. For the avoidance of doubt, AI System excludes
assistive software integrated into Zinnia's standard business platforms for efficiency, such as predictive text, document summarization, code suggestion, or knowledge repository search.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. "Algorithmic Discrimination" is when automated systems contribute to unjustified differential
treatment or adverse effects for individuals because of their race, color, ethnic origin, sex (including pregnancy, childbirth and related medical conditions, gender identity, intersex status, and sexual orientation), religion, age, national origin,
disability, veteran status, genetic information, or any other classification protected by law. Depending on the specific circumstances, such algorithmic discrimination may violate legal protections. As such, the term "Algorithmic
Discrimination" is used in this context (and not a technical understanding of discrimination as a distinction between elements).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. "Artificial Intelligence" means any data processing system or machine-based system that performs,
or has the capability to perform, functions normally associated with human intelligence, such as reasoning, learning, self-improvement, predictions, recommendations, creative content, or other output influencing decisions made in real or virtual
environments; provided that Artificial Intelligence does not include software or systems that operate solely on the basis of predefined rules, deterministic logic, or manually programmed scripts, without any capacity to learn, infer, or adapt from
data inputs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. "Machine Learning" refers to a field within Artificial Intelligence that focuses on the ability of
computers to learn from provided data without being explicitly programmed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. "Model Drift" refers to the decay of an AI System's performance over time arising from
underlying changes such as the definitions, distributions, and/or statistical properties between the data used to train the model and the data on which it is deployed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Consent and Disclosure Obligation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Zinnia will not use an AI System (i) to make or support consumer decisions, or (ii) to the extent
restricted by laws or regulation applicable to Customer in its performance of the Services without the prior written consent of Customer (which Customer may provide or withhold in its reasonable discretion). If Customer withholds consent to the use
of Artificial Intelligence, the parties shall promptly engage in good faith discussions to address the Customer's concerns. If the parties are unable to resolve the issue within a reasonable period of time, the matter shall be escalated and
resolved in accordance with the dispute resolution procedures set forth in Section 9 of the Services Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Zinnia shall promptly disclose to Customer when and how an AI System that performs a material portion of a
Service or makes decisions affecting consumers is used by Zinnia to provide the Services or create the Deliverables. These disclosures include describing in detail the kind of data being used in the AI System and the kind of data used to train the
AI System, the purpose of the data in the AI System, how the outputs derived from the use of such data are applied by Zinnia when providing the Services or creating the Deliverables, and how Zinnia collects, uses, and processes Personal Information
for its AI System. Zinnia will also disclose its use of AI Systems to Customer to the extent required by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. If the continued use of any AI System used in the performance of the Services or in the creation of the
Deliverables could reasonably be expected to violate any law applicable to Customer or Zinnia, Zinnia shall promptly notify Customer and immediately commence reasonable efforts to cease the use of such AI System and in any event cease such use
before the applicable law or regulation becomes effective unless Customer directs otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Human Oversight</u>. Zinnia will ensure there is human oversight of material decisions affecting consumers
that are made by Artificial Intelligence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Machine Learning or AI Development</u>. Data or information provided by Customer, including data or
information subject to a third-party license, may not be used for any third-party Machine Learning or Artificial Intelligence development purposes.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Audit/Request for Review</u>. Upon notice, Customer may request (i) human review of any material
decision affecting consumers that is based on Artificial Intelligence and (ii) information to describe the purpose, rationale, and decision-making process of its AI System, and the way in which it generates an output that enables Zinnia to
provide the Services or create the Deliverables. Zinnia shall cooperate with Customer on regulatory inquiries and investigations pertaining to any AI Systems used in the Services or Deliverables and shall promptly deliver all reasonably requested
information or data to Customer, including, without limitation, documentation pertaining to validation, testing, and auditing of its AI System, including evaluation of Model Drift.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Legal Compliance</u>. Zinnia will ensure that all of its use of Artificial Intelligence complies with all
applicable laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Mitigation of Discrimination and Bias</u>. Zinnia will implement appropriate safeguards to assess, monitor,
and mitigate Algorithmic Discrimination and unlawful bias arising from any Artificial Intelligence that makes material decisions affecting consumers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Regular Testing</u>. Zinnia will perform regular testing to identify Model Drift, inaccuracies, Algorithmic
Discrimination, or biases arising from its use of Artificial Intelligence to make material decisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Security and Safety</u>. Zinnia will apply a systematic risk management approach to all phases of its AI
System life cycle on a continuous basis to ensure compliance with Zinnia's obligations under the Agreement relating to the protection of Customer Data and Personal Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>No Relief from Obligations</u>. The use of Artificial Intelligence does not relieve Zinnia of any
obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Flowdowns to Subcontractors</u>. Zinnia will be responsible and liable for its Subcontractors'
activities pursuant to this AI Addendum to the extent that such activities would, if performed by Zinnia, breach this AI Addendum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Future Changes</u>. The parties acknowledge and understand that the topic of Artificial Intelligence is
quickly changing and evolving. The parties will promptly discuss and work in good faith to address any changes that are needed to this Exhibit based on any recent developments to Artificial Intelligence that may be relevant. If any specific AI
system or its use becomes subject to regulation, the parties shall amend this Exhibit to reflect appropriate adjustments.

## Ex-99.(I)(3)

**THIRD PARTY ADMINISTRATION ADDENDUM** 

This Third Party Administration Addendum ("TPA Addendum") among Zinnia Tech Solutions LLC, Se2, LLC, Zinnia Digital Service LLP, Customer and, solely for the limited purpose of providing the Brokerage Services (as defined below), Security Distributors, LLC is made as of July 1, 2025 ("TPA Addendum Effective Date") and is made under and incorporated into the Services Agreement between Zinnia and Customer effective as of July 1, 2025 ("Services Agreement"). As used in this TPA Addendum, "Zinnia" refers to Se2, LLC and Zinnia Digital Service LLP with respect to the TPA Services and Security Distributors, LLC with respect to the Brokerage Services.

The following terms and conditions are incorporated into and form a part of the Services Agreement. The terms and conditions in this Addendum, including Schedule A hereto, do not replace any of the terms and conditions contained in the Services Agreement, except that in the event of a direct conflict between this Addendum and the Services Agreement, this Addendum shall control solely (a) if relevant to the business being transacted under the Services Agreement, (b) to the limited extent of such conflict and (c) as strictly required by Legal Requirements (i.e., only in such jurisdiction(s) as necessary to achieve such purpose).

1. Additional Definitions.

1.1. Capitalized terms not defined in this TPA Addendum will have the meanings given to those terms in the Services
Agreement.

1.2. "Brokerage Services" are a subset of services provided in connection with the administration of the
Variable Contracts that may need to be performed by a broker-dealer, which are provided by Zinnia and are designated as Brokerage Services in an Order. As of the TPA Addendum Effective Date, the Brokerage Services include pricing and trading, fund
house settlement, reconciliations, and separate account reporting. Brokerage Services are Services under the Services Agreement.

1.3. "Client" means, for a Policy issued by Customer that is subject to this TPA Addendum, the owner,
insured, and beneficiary or payee of any benefit that is then payable.

1.4. "Legal Requirements" means all applicable U.S. federal, regional, state or local laws, statutes,
rules, regulations, orders, judgments, decrees, injunctions or other legally binding obligations.

1.5. "Policy" means a policy or contract issued by the Customer for which Zinnia provides TPA Services
under this TPA Addendum.

1.6. "TPA Services" means the third party administrator services provided by Zinnia pursuant to this TPA
Addendum. TPA Services are Services under the Services Agreement. Each Order for TPA Services will state that it is subject to this Addendum.

1.7. "Variable Contract" means a variable life insurance policy, variable annuity contract, registered
indexed linked annuity, any other insurance product that is a security, and/or a mutual fund (or series thereof), issued by the Customer for which Zinnia provides Brokerage Services under this TPA Addendum. As used in this TPA Addendum, a Variable
Contract is a securities product.

2. TPA Services.

2.1. Customer appoints Zinnia to perform the TPA Services and Zinnia accepts such appointment. Zinnia will have only
those powers necessary to perform its obligations under this TPA Addendum and its associated Orders.

2.2. Customer will continue to be at all times solely responsible for all matters relating to each Policy subject to
this TPA Addendum, including obligations owed to Clients under the applicable Policy. Zinnia will only be obligated to perform the TPA Services relative to the or Policy subject to this TPA Addendum.

2.3. To the extent required by applicable Legal Requirements, Zinnia will, at Customer's request, direction,
and expense, provide a written notice to each Client advising them of the identity of and relationship among Zinnia, Customer, and Client.

2.4. Funds collected by Zinnia on behalf of, or for the Customer, and return of premiums received from Customer,
will be established and maintained by Zinnia in a fiduciary capacity. The funds will be immediately remitted to the person entitled to them or will be deposited in a fiduciary bank account owned by and held in the name of the Customer at a federally
insured or state insured financial institution. In no event will any premiums collected be commingled with funds of Zinnia. Zinnia will require the bank in which such fiduciary bank account is maintained to keep records clearly recording the
deposits in and withdrawals from such account on behalf of or for Customer for which Zinnia may collect charges or premiums. Zinnia will promptly obtain and keep copies of all such records and, upon request of Customer, furnish copies of such
records pertaining to deposits and withdrawals on behalf of or for Customer.

2.5. Zinnia will not pay any claims via withdrawals from the fiduciary bank account in which premiums are deposited.
Withdrawals from the fiduciary bank account must be made as provided in this TPA Addendum and only for the following purposes: (a) remittance to Customer when entitled to the funds; (b) deposit in an account maintained in the name of
Customer; (c) transfer to and deposit in a claims paying account; (d) payment to a Client when entitled to the funds; (e) remittance of return premiums to any person entitled to the funds; and (f) payment to Zinnia for its
commissions, fees, or charges.

**3.** Brokerage Services.

3.1. Customer appoints Zinnia to perform the Brokerage Services with respect to the Variable Contracts and Zinnia
accepts such appointment. Zinnia shall have only those powers necessary to perform its obligations under this TPA Addendum and its associated Orders.

3.2. Customer will timely provide Zinnia with all information and access to Customer personnel reasonably requested
by Zinnia for Zinnia to provide the Brokerage Services.

3.3. Customer shall continue to be at all times solely responsible for all matters relating to each Variable
Contract subject to this TPA Addendum including obligations owed to Clients under the applicable Variable Contract. Zinnia shall only be obligated to perform the Brokerage Services relative to the Variable Contracts subject to this TPA Addendum.

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3.4. For the avoidance of doubt, references throughout the Services Agreement and this TPA Addendum to
"Zinnia" shall be deemed to refer to Zinnia's affiliated broker-dealer with respect to only the Brokerage Services, unless the context clearly indicates otherwise. Nothing in this TPA Addendum shall obligate a Zinnia non-broker-dealer affiliate to perform Brokerage Services, but Zinnia shall be liable to compensate Customer subject to the limitations on liability set forth in the Services Agreement, for the damages resulting
from any failure by Zinnia to perform the Brokerage Services or any other failure by Zinnia to comply with the terms of the Services Agreement, including this TPA Addendum.

3.5. Notwithstanding the foregoing, Zinnia shall not be required to perform any service that would make it an
"underwriter" or "principal underwriter" within the meaning of Section 2(a)(40) or 2(a)(29), respectively, of the Investment Company Act of 1940, as amended. In this regard, the parties agree that Zinnia will perform the
Brokerage Services purely as a service to Customer. The parties further acknowledge that the Brokerage Services shall not entitle or obligate Zinnia to distribute the Variable Contracts or to sell the Variable Contracts to any dealer or the public,
or to otherwise manage or control any offering or distribution of the Variable Contracts or interest thereunder. Zinnia shall have no responsibility and no authority to create or review any advertisement or sales literature, including institutional
sales literature, in respect of the Variable Contracts and shall have no obligation and shall not endorse Customer or any other issuer of the Variable Contracts. Furthermore, Zinnia shall have no obligation to prepare or review the registration
statements for the Variable Contracts filed with the U.S. Securities and Exchange Commission and shall not be named in any registration statement as an underwriter of the Variable Contracts.

3.6. Customer represents and warrants that each underwriter named as the principal underwriter in the registration
statement for each of the related Variable Contracts administered under this TPA Addendum and in connection with such role only, shall be considered an agent of Customer.

3.7. Customer agrees that if at any time such underwriter ceases to be the principal underwriter of the related
Variable Contracts, Customer shall use its best efforts to arrange for another entity to be the principal underwriter for the affected Variable Contracts. In the event that Customer does not notify Zinnia in writing that another entity has become
the principal underwriter coincident with such underwriter ceasing to be the principal underwriter, Zinnia shall not be required to perform any services that would cause it to be deemed an "underwriter" or "principal
underwriter" with respect to the affected Variable Contracts.

3.8. Variances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.1. In the event of a discrepancy or other error arising in the execution or recording of a variable investment
transaction during the Term, including a portfolio allocation or reallocation transaction (a "Variance"), Zinnia shall, promptly upon learning of the Variance, reconcile the Variance by crediting or debiting the applicable Client's
(as defined in the TPA Addendum) account such that the Client shall not have lost or gained any amounts as a result of the Variance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.2. Promptly after the end of each calendar month, Zinnia shall furnish Customer a detailed, itemized report
listing (a) Variances caused directly by Zinnia's (including its subcontractors and agents) errors during that month or any previous period (each, a "Type A Variance") and (b) Variances that are not caused by
Zinnia's (or its subcontractors or agents) errors during that month or any previous period (each, a "Type B Variance"); provided that Zinnia shall promptly inform Customer of any Variance from any discrepancy or other error that
results in a net gain or net loss in excess of **[\*\*\*]**, whether a Type A Variance or a Type B Variance; for purposes of the **[\*\*\*]** criterion, similar or related Variances shall be treated as a single Variance. Zinnia and Customer shall
discuss these reports on a regular basis and attempt to resolve prior to the end of any calendar year of the Term, the errors and losses that gave rise to the Variances set forth on Zinnia's monthly reports. Additionally, Zinnia shall promptly
furnish Customer with any other reports, data, summaries, or other materials that Customer may reasonably request related to a Variance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.3. If as of the last day of each calendar year during the Term of this Agreement, there is a Net Loss, as defined
below, for that calendar year, Zinnia shall pay the amount of that Net Loss to Customer. Provided, however, the amount Zinnia is obligated to pay Customer for a given calendar year shall be reduced by the amount of Net Gains, as defined below, from
prior calendar years during the Term of this Agreement to the extent such Net Gains were not credited against Net Losses from prior periods. In any event, no payment by Zinnia will be required for a given calendar year if the Net Loss for such year
is less than **[\*\*\*]**. Such payment will be due and payable on the immediately following February 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.4. "Net Loss" means the amount by which the losses from Type A Variances were greater than the gains
from the Type A Variances that occurred during a calendar year, when reduced by the amount of net gains, if any, from Type B Variances in excess of the losses from Type B Variances for that same calendar year. For the avoidance of doubt, if the
losses from Type B Variances are greater than the gains from Type B Variances, such difference shall not **  increase the Net Loss.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.5. "Net Gain" means the amount by which the gains from the Type A Variances were greater than the
losses from the Type A Variances that occurred during a calendar year, when combined with the net gain or loss, as the case may be, between the gains from Type B Variances and losses from Type B Variances for that same calendar year. For the
avoidance of doubt, if the losses from Type B Variances are greater than the gains from Type B Variances, such difference shall reduce **  the Net Gain.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.6. A Type A Variance shall be deemed to have occurred on the date the transaction occurs (or should have occurred)
that results in the discrepancy or other error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8.7. Zinnia shall, as reasonably requested by Customer and at Customer's cost, assist Customer to recover Type
B Variances that are the fault of a mutual fund unaffiliated with Customer.

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4. Books and Records.

4.1. Zinnia will make and maintain complete books and records of all transactions performed by Zinnia for a Client
on behalf of Customer ("Books and Records"). Books and Records will be maintained in accordance with prudent standards of insurance record keeping and applicable Legal Requirements.

4.2. Zinnia will make available to Customer access to Books and Records as reasonably required by Customer, during
normal business hours, upon reasonable notice, and at Customer's cost.

4.3. Zinnia will make available to any applicable state insurance regulator, federal regulator, or any other proper
authority access ("Regulatory Authorities") Books and Records for the purposes of examination, audit, and inspection for compliance with the Legal Requirements applicable to this TPA Addendum. Zinnia will, unless prohibited by law, give
notice to Customer of any such request promptly after receipt of such request.

4.4. No waiver of this TPA Addendum or claim of confidentiality regarding Books and Records will occur as a result
of the above disclosure to the Regulatory Authorities.

4.5. Zinnia will retain Books and Records for at least seven (7) years from the end of the term of the
applicable Order, unless: (a) a replacement third party administrator assumes and acknowledges, in writing and on terms reasonably acceptable to Zinnia and Customer, responsibility to maintain and retain those Books and Records for at least
seven (7) years from the end of the term of the applicable Order; or (b) this TPA Addendum is terminated or expired, in which case promptly following termination or expiration, Zinnia will transfer all Books and Records to Customer or a
person/entity designated by Customer in a non-proprietary format reasonably acceptable to Customer.

4.6. Zinnia will also retain a copy of this TPA Addendum during its term and for at least seven (7) years after
its termination or expiration.

4.7. Zinnia shall at all times keep logically segregated the Books and Records and items in process from those of
Zinnia's Affiliates and other customers and from those of Zinnia themselves.

5. Audit.

5.1. Upon at least ten (10) calendar days' written notice to Zinnia, Customer or its designee may audit
and verify the matters relating to the TPA Services during normal business hours. If Customer engages the assistance of a third party to perform the audit, the third party must (a) execute a confidentiality agreement that contains protections
for Confidential Information comparable to those set forth in this TPA Addendum; (b) not be a competitor to Zinnia with respect to in Zinnia's third party administrator business, as determined by Zinnia in its sole, reasonable discretion,
and (c) not be compensated on a contingency basis.

5.2. Zinnia will reasonably cooperate with and assist Customer, Customer designees, and their respective auditors,
inspectors, consultants, and other representatives, and any Regulatory Authority, in connection with audits in relation hereto and/or to any Order and shall, on a reasonably timely basis, furnish each with all information reasonably requested;
provided however, that Customer may not use any auditor, inspector, consultant, or representative who is a competitor or Affiliate of a competitor to Zinnia or its Affiliates

Customer will pay all costs attributable to such audits except as otherwise stated herein. If, as a result of any such audit, Customer determines that Zinnia overcharged it, Customer shall notify Zinnia in writing of its determination, including the amount of the overcharge and the basis for its conclusion, and, if Zinnia, in Zinnia's reasonable discretion, agrees that Customer was overcharged, Zinnia will pay or credit to Customer the amount of the overcharge within ten (10) days ("Overcharge Due Date"). If Zinnia does not repay such overcharge within ten (10) days, Customer may charge interest on such overdue amount at the rate of one and one-half percent (1.5%) per month (or the highest rate permitted by law, if less) calculated from the Overcharge Due Date until the date of Zinnia's payment to Customer, unless such claim of overcharge is promptly (but in any event within ten (10) days from the date of Customer's notice to Zinnia) disputed by Vendor in writing, in good faith. All audits will be performed in a manner intended to minimize disruption to either party's respective businesses and in compliance with Zinnia's security and safety policies. If any audit results in a final determination that Zinnia was materially at fault, Zinnia will reimburse Customer for the reasonable and documented costs Customer incurred directly and solely as a result of such material fault, and Zinnia will reimburse Customer (i) for the reasonable and documented costs of the portion of the audit that uncovered such material fault, if it is commercially feasible to identify only those audit costs that are attributable to such material fault or (ii) if not commercially feasible to do so, Zinnia will reimburse Customer for the total cost of the audit, all such reimbursements to be made by Zinnia to Customer within thirty (30) days of receipt of an itemized invoice from Customer.

5.3. At least annually, and at no additional charge to Customer, Zinnia will provide to Customer copies of SOC 1
Type 2 and SOC 2 Type 2 audit reports Such reports must be prepared by a nationally recognized firm for Zinnia's facility or facilities from which it (including, as applicable, its affiliates and subcontractors) is providing the Services. Such
reports provided by Zinnia under this section are Zinnia Confidential Information. Zinnia may redact from such reports those portions containing confidential information of third parties. In the event such reports include any negative audit findings
impacting the Services in any way, Zinnia shall promptly correct such negative findings, and Zinnia shall be solely responsible for all costs and fees necessary to do so.

6. Support and Service Levels.

6.1. Zinnia will perform TPA Services available in accordance with the service levels described in associated
Orders.

6.2. If Zinnia fails to meet the same TPA Service level commitment during any two consecutive calendar months or two
months in any five month period, then Customer will receive a TPA service credit (the "TPA Service Credit(s)") in the amount of **[\*\*\*]** of the total monthly fee payable to Zinnia under the TPA Order Form.

6.3. Zinnia's obligations under this Section 6 will be Customer's sole remedy for failure to meet
the TPA Service Levels.

7. Change Orders.

7.1. The parties may agree to modify the terms of this TPA Addendum or the scope of TPA Services under an Order, in
each case by executing a change order ("Change Order'). Either Zinnia or Customer may request a Change Order. Absent a fully executed Change Order, Customer and Zinnia will continue to fulfill their obligations pursuant to the existing
Order(s). Zinnia shall not charge Customer for any time, costs, or fees in the Change Order process unless the Change Order requires 'Scope Definition' or 'Due Diligence', in which case Zinnia may charge Customer for any
time, materials, and, subject to Section 3.2 of the Services Agreement, travel and expenses associated therewith; provided that Zinnia will notify Customer in advance if such charges are reasonably expected to exceed **[\*\*\*]**.

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7.2. Notwithstanding the foregoing, the parties hereby agree that any request by Customer to add a new work flow or
procedure to the Operating Guidelines or to modify an existing Operating Guideline, where Customer's requested addition or modification is not the result of a change in Legal Requirements (excluding applicable TPA Laws (as defined below) and
does not modify the Services or otherwise impose an incremental cost on Zinnia (each a "De Minimis Change) will be subject to Customer's prior written approval (which may be delivered via email from an authorized representative of
Customer) but will not require the parties to execute a Change Order or amendment to the Agreement.

8. Compliance with Legal Requirements.

8.1. Customer has complied and will continue to comply with all Legal Requirements with respect to the operation of
its businesses, and in the design, underwriting, solicitation, sale, and administration of the Policies and Variable Contracts. Customer will continue to make all required filings with regulatory agencies in connection with the offer, sale, or
administration of the Policies and Variable Contracts, except where the failure to so comply or to make such filings would not reasonably be expected to materially impair Customer's or Zinnia's ability to perform their respective
obligations under this TPA Addendum.

8.2. Zinnia has complied and will continue to comply with all Legal Requirements to provide the TPA Services and
Brokerage Services, as applicable. Zinnia has made and will continue to make all required filings with regulatory agencies in connection with its status as a third party administrator and broker-dealer, as applicable, except where the failure to
comply or to make such filings would not reasonably be expected to materially impair Customer's or Zinnia's ability to perform their respective obligations under this TPA Addendum.

8.3. The parties acknowledge that certain states have specific requirements that provide additional duties or
obligations on the parties with respect to the TPA Services. The parties will comply with such duties and obligations in Schedule A ("TPA Laws") as applicable.

9. Severability; Changes in Legal Requirements.

9.1. If any governmental agency, court or other tribunal of appropriate jurisdiction determines that any of the
provisions of this TPA Addendum are illegal, invalid or unenforceable, or if a party reasonably determines that a change in Legal Requirements has that effect, the remaining provisions will remain in full force and effect to the fullest extent
permitted by Legal Requirements.

9.2. Any illegal or invalid part, term or provision will be stricken and severed from this TPA Addendum and there
will be deemed substituted such other provision as will most nearly accomplish the intent of the parties to the extent permitted by applicable Legal Requirements.

9.3. If either party determines in good faith that the elimination of the provision found to be invalid or
unenforceable subjects that party to prosecution, civil penalty, loss of license or material economic burden, that party may notify the other party in writing and seek renegotiation of that portion of the TPA Addendum found to be invalid or
unenforceable. In which case, either party may present the other party with a Change Order to amend this TPA Addendum, which such party believes is required to maintain their status as a corporation, third party administrator or insurer, as the case
may be, or to conform this TPA Addendum to Legal Requirements. The other party will promptly review such amendments and will not unreasonably withhold its execution of such amendments.

9.4. Notwithstanding the above, if either party provides written notice to the other party of any changes in the
Legal Requirements, which changes materially and adversely impact that party's ability to perform certain of its obligations or receive certain services under this TPA Addendum, that party will determine if it wishes to either
(a) terminate the portion of services impacted by such change; provided however, that there will be no such termination unless it is not commercially reasonable for the party to amend this TPA Addendum in order to comply with such change; or
(b) amend this TPA Addendum to comply with such change.

9.5. If the parties wish to amend this TPA Addendum to comply with such change, the parties will execute a Change
Order within thirty (30) days after agreeing to amend this TPA Addendum. Such Change Order will include any additional or reduced fees and charges.

9.6. Intentionally omitted.

9.7. Zinnia will have no obligation to perform any compliance services for Customer under this TPA Addendum, except
as required for Zinnia to perform the services set forth in this TPA Addendum and related Orders in a compliant manner, including but not limited to compliance with applicable regulatory requirements. Without limiting the foregoing, Zinnia will have
no obligation to notify Customer of changes in Legal Requirements ("Changes of Legal Requirements") affecting Customer's business or products, even if material. If Zinnia, independent of its obligations under this TPA Addendum,
endeavors to notify Customer if and when it learns of Changes of Legal Requirements that could affect Customer's business or products, it will have done so as an accommodation only. Zinnia assumes no responsibility or obligation to advise
Customer as to Changes of Legal Requirements, whether past or future, or what actions may be required of Customer, or to take any further action on Customer's behalf, unless the parties have expressly agreed in writing.

10. Term and Termination.

10.1. This TPA Addendum commences on the TPA Addendum Effective Date and is co-terminous with the Services Agreement.

10.2. In addition to any other termination rights it may have, Customer may terminate any affected Order under this
TPA Addendum by providing Zinnia with thirty (30) days' written notice if (a) Zinnia fails to comply with material state licensing requirements applicable to third party administrators and (i) an adverse impact to Customer
arises out of or in connection with such failure and (ii) Zinnia does not remedy its lack of compliance within thirty (30) days from the date Zinnia receives written notice of its failure to comply; or (b) Zinnia fails to comply with
any Legal Requirements applicable to the TPA Services and (i) an adverse impact to Customer arises out of or in connection with such failure, and(ii) Zinnia does not remedy its lack of compliance within thirty (30) days from the date
Zinnia receives written notice of its obligation to correct the violation.

10.3. In addition to any other termination rights it may have, Zinnia may terminate any affected Order under this TPA
Addendum by providing Customer with thirty (30) days' written notice if (a) Customer fails to comply with material state licensing requirements applicable to Customer or to one if its insurance company Affiliates that is using TPA
Services under this Agreement and/or material securities registration requirements applicable to the Variable Contracts and does not remedy its lack of compliance within one hundred eighty (180) days from the date Customer receives written
notice of its failure to comply; or (b) Customer fails to comply with any Legal Requirements applicable to Customer of one of its insurance company Affiliates in respect of the TPA Services, and does not remedy its lack of compliance within
ninety (90) days from the date Customer receives written notice of its obligation to correct the violation.

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| | |
|:---|:---|
| **ZINNIA TECH SOLUTIONS LLC** | **DELAWARE LIFE INSURANCE COMPANY** |
| By: | By: |
| Printed Name: | Printed Name: |
| Date: | Date: |
| **SE2, LLC** | **SECURITY DISTRIBUTORS, LLC** |
| By:<br>Printed Name:<br>Date | By:<br>Printed Name:<br>Date: |
| **ZINNIA DIGITAL SERVICE LLP** |  |
| By:<br>Printed Name:<br>Date |  |

---

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SCHEDULE A

TPA LAWS

This Schedule A will apply only if, to the extent, and only for so long as (a) Zinnia or its successor is subject to state insurance laws applicable to third party administrators, and (b) Zinnia provides TPA Services to Customer. The terms and conditions in this Schedule A do not replace any of the terms and conditions contained in this Agreement, except that in the event of a direct conflict between this Schedule A and this Agreement, this Schedule A shall control solely (a) if relevant to the business being transacted under this Agreement, (b) to the limited extent of such conflict and (c) as strictly required by Applicable Law (i.e., only in such jurisdiction(s) as necessary to achieve such purpose).

The underlined introductions to each of Sections A through L below have been added as a means to describe subject matter only and is not controlling. References to statutory sections are for information only.

**A.** **State Regulatory Requirements regarding–** 

<u>Continuing Insurer Responsibilities.</u> 

Customer shall be responsible for determining the benefits, premium rates, underwriting criteria and claims payment procedures applicable to the coverage and for securing reinsurance, if any. The rules pertaining to these matters shall be provided, in writing, by Customer to Zinnia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. It is the sole responsibility of the Customer to provide for competent administration of its programs.

*In cases where Zinnia administers benefits for more than one hundred (100) certificate holders on behalf of Customer, Customer shall, at least semiannually, conduct a review of the operations of Zinnia. At least one such review shall be an on-site audit of the operations of Zinnia. Customer may contract with a qualified third party to conduct such review (Florida).Del. Admin. Code § 1406-7.1-7.3; Fla. Stat. § 626.8817(3); Ga. Admin. Code § 120-2-49-.12(2); Miss. Code Ann. § 83-18-13; Mo. Rev. Stat. § 376.1084; Neb. Rev. Stat. § 44-5807; N.H. Rev. Stat. Ann. § 402-H:6; N.M. Code R. § 13.4.5.22; N.C. Gen. Stat. § 58-56-26; Or. Rev. Stat. § 744.740; S.D. Codified Laws Ann. § 58-29D-13; W.V. Code § 33-46-7; Alaska Stat. § 21.27.650(I)(i); Conn. Gen. Stat. § 38a-720e; Ind. Code § 27-1-25-5.5; La. Rev. Stat. Ann. § 22:1646; R.I. Gen. Laws § 27.20.7-7; Tex. Ins. Code Ann. § 4151.1042.* 

<u>Continuing Insurer Responsibilities</u>. As to the administration of coverage insured by Customer, Customer, and not Zinnia, shall be responsible for determining the benefits, rates, underwriting criteria, and claims payment procedures applicable to such coverage and for securing reinsurance, if any.

*Ga. Comp. R. & Regs. r. 120-2-49-.12.* 

<u>Continuing Insurer Responsibilities</u>. Customer shall be responsible for determining the benefits, premium rates, underwriting criteria and claims payment procedures applicable to such coverage and for securing reinsurance, if any; the rules pertaining to these matters must be provided, in writing, by Customer to Zinnia; the responsibilities of Zinnia as to any of these matters shall be set forth in this Agreement.

*Miss. Code Ann. § 83-18-13; Mo. Rev. Stat. § 376.1084;.0873; Neb. Rev. Stat. § 44.5807; N.H. Rev. Stat. Ann. § 402-H:6; N.C. Gen. Stat. § 58-56-26; Or. Rev. Stat. § 744.720(3)(b); S.D. Codified Laws Ann. § 58-29D-13; Alaska Stat. § 21.27.650(H); Conn. Gen. Stat. § 38a-720e; Del. Code Ann. tit. 1406 § 7.1; Fla. Stat. § 626.881; Ga. Code Ann. § 120-2-49-.12; Ind. Code § 21-1-25-5.5; La. Rev. Stat. Ann § 22:1646; R.I. Gen. Laws § 27-20.7-7; Tex. Ins. Code Ann. § 4151.1042; W. Va. Code § 33-46-7.* 

**B.** **State Regulatory Requirements regarding—** 

<u>Receipt of Payments</u>. Payment to Zinnia of any premiums or charges for insurance by or on behalf of the insured shall be deemed to have been received by Customer, and the payment of return premiums or claims by Customer to Zinnia shall not be deemed payment to the insured or claimant until such payments are received by the insured or claimant; nothing herein shall limit any right of Customer against Zinnia resulting from its failure to make payments to Customer, an insured or claimants.

*Ariz. Rev. stat. § 20-485.02; Cal. Ins. Code § 1759.2; Del. Admin. Code § 1406-4.0; Fla. Stat. § 626.883(1); Iowa Code § 510.13; Ky. Rev. Stat. Ann. § 304.9-372; Mo. Rev. Stat. § 376.1080; Mont. Code Ann. § 33-17-614; Okla. Stat. § 36-1444; S.C. Code Ann. § 38-51-50; Utah Code Ann. § 31A-25-304; W. Va. Code. § 33-46-4; Wyo. Stat. Ann. tit. 4 § 5; Alaska Stat. § 21.27.650(J)(c); Ark. Code Ann. § 23-92-205; Conn. Gen. Stat. § 38a-720b; Ga. Code Ann. § 120-2-49-.06; Idaho Code § 41-903; KS § 40-3804; La. Stat. Ann. § 22:164; MS § 83-18-7; NE § 44-5804; Nev. Rev. Stat. § 683A.0863; NH § 402-H:3; NM § 59A-12A-5; NC § 58-56-11; N.D. Cent. Code § 26.1-27-09; OR § 744.722; Pa. Con. Stat. § 40-25-1006; R.I. Gen. Laws § 27-20.7-4; SD § 58-29D-7; TN § 56-6-403; Tex. Ins. Code § 4151.105; Wis. Stat. § 633.05; IN Code § 27-1-25-3.* 

**C.** **State Regulatory Requirements regarding—** 

<u>Fiduciary Account</u>. All insurance charges or premiums collected by Zinnia on behalf of or for Zinnia, and return premiums received from Customer, shall be held by Zinnia in a fiduciary capacity; such funds shall be immediately remitted to the person entitled to such funds or shall be deposited promptly in a fiduciary bank account established and maintained by Zinnia.

*Ariz. Rev. Stat. Ann. § 20-485.06; Alaska Stat. § 21.27.650(a)(5)(C); Calif. Ins. Code § 1759.6; Del. Admin. Code § 1406-8.1; Fla. Stat. § 626.883(2); Ga. Comp. R. & Regs. r. 120-2-49-.08; Ind. Code § 27-1-25-6; KS § 40-3807; Ky. Rev. Stat. Ann. § 304.9-375; Miss. Code Ann. § 83-18-15; Mo. Rev. Stat. § 376.1085; Mont. Code Ann. § 33.17-613; Neb. Rev. Stat. § 44-5808; Nev. Rev. Stat. § 683A.0877; N.H. Rev. Stat. Ann. § 402-H:7; N.M. Rev. Stat. Ann. § 59A-12A-9; N.C. Gen. Stat. § 58-56-31; Okla. Stat. § 36-1445; Or. Rev. Stat. § 744.730; S.C. Code Ann. § 38-51-90; S.D. Codified Laws Ann. § 58-29D-14; Tenn. Code Ann. § 56-6-406; Utah Code Ann. § 31A-25-305; W.V. Code § 33-46-8(a); Idaho Code § 41-906; La. Stat. Ann. § 22:1647; Tex. Ins. Code § 4151.106; Wy. Code Reg. chpt. 4 § 8(a); Con. Gen. Stat. § 38a-720f; 215 Ill. Comp. Stat. 5/511.112; IA § 510.17; N.J. Admin. Code § 17B:27B-9; N.D. Cent. Code § 26.1-27-08; Pa. Con. Stat. § 40-25-1009; R.I. Gen. Laws § 27-20.7-8; Me. Stat. tit. 24-A § 1909.* 

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<u>Fiduciary Account</u>. Zinnia shall hold in a fiduciary capacity all moneys that Zinnia collects or receives on behalf of other persons. Within two (2) business days after collection or receipt of such moneys, Zinnia either shall pay the moneys to the persons entitled to them or shall deposit the moneys in a fiduciary account established and maintained by Zinnia in a financial institution.

*Wis*. Stat. *§ 633.09.*

<u>Fiduciary Account</u>. Money shall be remitted within fifteen (15) days to the person or persons entitled to it, or shall be deposited within fifteen (15) days in a fiduciary bank account established and maintained by Zinnia within the state.

*Nev. Ins. Code § 683A.0877; 215 Ill. Comp. Stat. 5/511.112.* 

<u>Fiduciary Account</u>. Zinnia shall comply with all Applicable Law; a fiduciary account shall be used for all payments on behalf of Customer; if applicable, Zinnia may not retain more than three (3) months estimated claims payments and allocated loss adjustment expenses.

*Alaska Stat. § 21.27.650(a)(5)(D).* 

<u>Fiduciary Account</u>. If charges or premiums deposited in a fiduciary account have been collected on behalf of or for more than one insurer, Zinnia shall keep records clearly recording the deposits in and withdrawals from such account on behalf of or for each insurer; Zinnia shall, upon request of an insurer, furnish such insurer with copies of such records pertaining to deposits and withdrawals on behalf of or for such insurer.

*Ariz. Rev. Stat. Ann. § 20-485.06; Calif. Ins. Code § 1759.6; Fla. Stat. § 626.883(3); Ga. Comp. R. & Regs. r. 120-2-49-.08; Ind. Code § 27-1-25-6; KS § 40-3807; Ky. Rev. Stat. Ann. § 304.9-375; Miss. Code Ann. § 83-18-15; Mo. Rev. Stat. § 376.1085; Neb. Rev. Stat. § 44-5808; N.D. Cent. Code § 26.1-27-08; N.H. Rev. Stat. Ann. § 402-H:7; N.M. Rev. Stat. Ann. § 59A-12A-9; N.C. Gen. Stat. Rev. Stat. § 58-56-31; Okla. Stat. § 36-1445; Or. Rev. Stat. § 744.730; S.D. Codified Laws Ann. Rev. Stat. § 58-29D-15; Tenn. Code Ann. § 56-6-406; Utah Code Ann. § 31A-25-305; W.V. Code § 33-46-8(b); Del. Code Ann. tit. 1406 § 8.2; Idaho Code § 41-906; La. Stat. Ann. § 22:1647; Wy. Code Reg. chpt. 4 § 8(b); AR § 23-92-206; Con. Gen. Stat. § 38a-720f; IA § 510.17; MT § 33-17-613; Nev. Rev. Stat. § 683A.0877; N.J. Admin. Code § 17B:27B-21; Pa. Con. Stat. § 40-25-1009; R.I. Gen. Laws § 27-20.7-8; S.C. Code Ann. § 38-51-90; Wis. Stat. § 633.09; Tex. Ins. Code § 4151.107.* 

<u>Fiduciary Account</u>. All money collected for the account of an insurer shall be held by Zinnia in a fiduciary account.

*Alaska Stat. § 21.27.650(a)(5)(C).* 

Return premiums or contributions shall be paid to Customer or credited to the account of Customer within thirty (30) days after receipt by Zinnia. If the return premium or contribution is credited to Customer, the credit must be shown and applied to the next billing statement sent to Customer, self-insurer or plan sponsor.

*Ga. Comp. R. & Regs. r. 120-2-49-.05(11); Ohio Rev. Code § 3959.15(J)* 

**D.** **State Regulatory Requirements regarding—** 

<u>Zinnia as Fiduciary</u>. Zinnia is a fiduciary when collecting, expending, and maintaining money for the payment of claims pursuant to this Agreement.

*Mich. Stat. 550.930, Sec. 30(2).* 

<u>Form of Payment of Claims</u>. All claims paid by Zinnia from funds collected on behalf of Customer shall be paid only on checks or drafts of Customer and as authorized by Customer (or its designee in Florida).

*Ariz. Rev. Stat. Ann. § 20-485.07; Calif. Ins. Code § 1759.7; Fla. Stat. § 626.883(5); Ga. Comp. R. & Regs. r. 120-2-49-.09; Ind. Code § 27-1-25-7; KS § 40-3809; Ky. Rev. Stat. Ann. § 304.9-376; Miss. Code Ann. § 83-18-15; Mont. Code Ann. § 33-17-615; Neb. Rev. Stat. § 44-5808; Nev. Rev. Stat. § 683A.088; N.H. Rev. Stat. Ann. § 402-H:7; N.M. Stat. Ann. § 59A-12A-10; N.C. Gen. Stat. § 58-56-31; N.D. Cent. Code § 26.1-27-10; Okla. Stat. tit. 36 § 1445; Or. Rev. Stat. § 744.730; S.C. Code Ann. § 38-51-100; Tenn. Code Ann. § 56-6-407; Utah Code Ann. § 31A-25-306; La. Stat. Ann. § 22:1647; MO § 376.1085; Tex. Ins. Code § 4151.111; Wis. Stat. § 633.10; Wy. Code Reg. chpt. 4 § 8; Con. Gen. Stat. § 38a-720f; Del. Code Ann. tit. 1406 § 8.4; IA § 510.18; R.I. Gen. Laws § 27-20.7-8; WV § 33-46-8; Idaho Code § 41-906.* 

**E.** **State Regulatory Requirements regarding—** 

<u>Notices to Policyholders</u>. Any policies, certificates, booklets, termination notices or other written communications delivered by Customer to Zinnia for delivery to its policyholders shall be delivered by Zinnia promptly after receipt of instructions from Customer to do so.

*Ariz. Rev. Stat. Ann. § 20-485.08; Del. Admin. Code § 1406-11.0; Fla. Stat. § 626.886; Ga. Comp. R. & Regs. r. 120-2-49-.14; Ind. Code § 27-1-25-9; Me. Stat. tit. 24-A § 1906; Miss. Code Ann. § 83-18-21; Mo. Rev. Stat. § 376.1090; Neb. Rev. Stat. § 44-5811; Nev. Rev. Stat. § 683A.089; N.H. Rev. Stat. Ann. § 402-H:10; N.C. Gen. Stat. § 58-56-46; Okla. Stat. § 36-1447; Or. Rev. Stat. § 744.736; S.D. Codified Laws Ann. § 58-29D-20; Utah Code Ann. § 31A-25-307; Idaho Code § 41-907; La. Stat. Ann. § 22:1650; MT § 33-17-616; Con. Gen. Stat. § 38a-720i; 215 Ill. Comp. Stat. 5/511.106; N.J. Admin. Code § 17B:27B-11; R.I. Gen. Laws § 27-20.7-11; WV § 33-46-11; Alaska Stat. § 21.27.650(a)(5)(A).* 

<u>Notices to Policyholders</u>. Zinnia shall provide a written notice approved by Customer to each policyholder advising them of the identity of, and relationship among, Zinnia, the policyholder and Customer.

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*Alaska Stat. § 21.27.650(e); Ariz. Rev. Stat. Ann. § 20-485.11(A); Calif. Ins. Code § 1759.9; Fla. Stat. § 626.885(1); Ga. Comp. R. & Regs. r. 120-2-49-.15(1); Ind. Code § 27-1-25-10(a); Iowa Code § 510.20; Ky. Rev. Stat. Ann. § 304.9-377; Miss. Code Ann. § 83-18-19(1); Mo. Rev. Stat. § 376.1088; Mont. Code Ann. § 33.17-618; Neb. Rev. Stat. § 44-5810(1); Nev. Rev. Stat. § 683A.0887; N.H. Rev. Stat. Ann. § 402-H:9; N.M. Stat. Ann. § 59A-12A-12; N.C. Gen. Stat. § 58-56-41; N.D. Cent. Code § 26.1-27-07; Okla. Stat. § 36-1449; Or. Rev. Stat. § 744.734(1); S.D. Codified Laws Ann. § 58-29D-19; Tenn. Code Ann. § 56-6-409; Utah Code Ann. § 31A-25-402; W.V. Code § 33-46-10; Del. Code Ann. tit. 1406 § 10.1; Idaho Code § 41-909; La. Stat. Ann. § 22:1649; Tex. Ins. Code Ins § 4151.104; Wis. Stat. § 633.12; Pa. Con. Stat. § 40-25-1011; R.I. Gen. Laws § 27-20.7-10; S.C. Code Ann. § 38-51-120; Con. Gen. Stat. § 38a-720h (Zinnia must issue a benefits identification card).* 

<u>Notices to Policyholders</u>. When Zinnia collects funds, Zinnia shall identify and state separately in writing, to the persons paying to Zinnia any charge or premium for coverage, the amount of any such charge or premium specified by Customer for such coverage. This information shall be furnished within ten (10) days after Zinnia receives the request for information (Oklahoma only).

*Ariz. Rev. Stat. Ann. § 20-485.11(B); Calif. Ins. Code § 1759.9; Fla. Stat.* § *626.885(2); Ga. Comp. R. & Regs. r. 120-2-49-.15(1); Ind. Code § 27-1-25-10(b); Iowa Code § 510.20; KS § 40-3809; Ky. Rev. Stat. Ann. § 304.9-377; Miss. Code Ann. § 83-18-19(2); Mo. Rev. Stat. § 376.1088; Mont. Code Ann. § 33-17-618; Neb. Rev. Stat. § 44-5810(2); Nev. Rev. Stat. § 683A.0887; N.H. Rev. Stat. Ann. § 402-H:9; N.M. Stat. Ann.* § 59A-12A-12; N.C. Gen. Stat. § 58-56-41; N.D. Cent. Code § 26.1-27-07; Or. Rev. Stat. § 744.734(2); S.D. Codified Laws Ann. § 58-29D-19; Tenn. Code Ann. § 56-6-409; Utah Code Ann. *§ 31A-25-402; W.V. Code § 33-46-10;* Wy. Code Reg. chpt. *4* § *13*; *DE 1406 s 10.2*; Idaho Code § *41-909*; La*. Stat. Ann. § 22:1649*; Okla*. Stat.* § 36-1449; Tex. Ins. Code Ins. § 4151.106; Con. Gen. Stat. § 38a-720h; Pa. Con. Stat. § 40-25-1011; R.I. Gen. Laws § 27-20.7-10; Wis. Stat. 633.12.

<u>Notice of Relationship</u>. Zinnia shall disclose to Customer all charges, fees and commissions received from all services in connection with the provision of administrative services for Customer, including any fees or commissions paid by insurers providing reinsurance.

*Con. Gen*. Stat. § *38a-720h; DE 1406 s 10.3; Idaho Code § 41-909(3); Ind. Code § 27-1-25-10(c); La. Stat. Ann. § 22:1649; MS § 83-18-19; MO § 376.1088; NE § 44-5810(3); NC § 58-56-41; NH § 402-H:9; Nev. Rev. Stat. § 683A.0887.*

**F.** **State Regulatory Requirements regarding—** 

<u>Books and Records</u>. Zinnia shall maintain at Zinnia's principal administrative office for the duration of the required written agreement and for the statutorily required years thereafter, as detailed in any applicable statute, adequate books and records of all transactions among such administrator, insurers and insured persons. Such books and records shall be maintained in accordance with prudent standards of insurance record keeping and in accordance with applicable insurance laws and regulations. The Commissioner shall have access to such books and records for the purpose of examination, audit and inspection (Tennessee only).

Required to retain for the duration of the contract plus 3 years: *UT § 31A-25-302; WY Ch. 4 § 6.*

*Required to retain for the duration of the contract plus 5 years: AZ § 20-485.03(A); AR § 23-92-207; CA § 1759.3(a); Con. Gen. Stat. § 38a-720c; DE 1406 s 5.1; FL § 626.884(1); GA § 120-2-49-.05; Idaho Code § 41-904; 215 Ill. Comp. Stat. 5/511.106; IN § 27-1-25-4; IA § 510.14; KS § 40-3805; KY § 304.9-373; La. Stat. Ann. § 22:1644; MS § 83-18-9; MO § 376.1082; MT § 33-17-611; NE § 44-5805; Nev. Rev. Stat. § 683A.0873; NH § 402-H:4; NM § 59A-12A-6; NC § 58-56-16; N.D. Cent. Code § 26.1-27-12; OH § 3959.11; Okla. Stat. § 36-1443; OR § 744.724; Pa. Con. Stat. § 40-25-1007; R.I. Gen. Laws § 27-20.7-5; S.C. Code Ann. § 38-51-60; SD § 58-29D-8; TN § 56-6-404; Tex. Ins. Code Ins. § 4151.112; Wis. Stat. § 633.04.Required to retain for the duration of the contract plus 7 years: ME 24-A § 1906.* 

Required to retain for the duration of the contract plus 10 years*: WV § 33-46-5.*

**G.** **State Regulatory Requirements regarding—** 

<u>Books and Records</u>. For the duration of the service contract, Zinnia shall maintain at its principal administrative office Zinnia's books and records of all transactions under the service contract in accordance with generally accepted accounting principles or as required by ERISA.

*Mich. Stat. 550.930, Sec. 30(1).* 

<u>Access to Books and Records</u>. Zinnia shall maintain separate records for Customer in a form usable by Customer; Customer or its authorized representatives shall have the right to audit and the right to copy all accounts and records related to Customer's business; the applicable insurance regulator shall have access to all books, bank accounts, and records of Zinnia in a form usable to the applicable insurance regulator, including the identity and addresses of policyholders and certificate holders; any trade secrets contained in the books and records shall be kept confidential, except that the applicable insurance regulator may use the information in a proceeding instituted against Zinnia or Customer.

*Alaska Stat. § 21.27.650(a)(5)(F); Del. Code Ann. tit. 1406 § 5.2.* 

<u>Access to Books and Records</u>. The insurer shall retain the right to continuing access to such books and records of Zinnia sufficient to permit Customer to fulfill all of its contractual obligations to insured persons, subject to any restrictions in the written agreement between Customer and Zinnia on the proprietary rights of the parties in such books and records. Any trade secrets contained therein, including, but not limited to, the identity and addresses of policyholders and certificate holders shall be confidential, except the commissioner may use such information in any proceedings instituted against Zinnia. The commissioner shall collect the proper charges incurred in such examination in accordance with s 56-1-413 (Tennessee only).

*Ariz. Rev. Stat. Ann. § 20-485.03(E); Calif. Ins. Code § 1759.3(a)(b)(d); Fla. Stat. § 626.884(3); Ga. Comp. R. & Regs. r. 120-2-49-.05(1); Idaho Code § 41-904(3): Ind. Code § 27-1-25-4; Iowa Code § 510.14; Kan. Stat. Ann. § 40-3805; Ky. Rev. Stat. Ann. § 304.9-373; Miss. Code Ann. § 83-18-9; Mo. Rev. Stat. § 376.1082; N.M. Rev. Stat. Ann. § 59A-12A-6; N.D. Cent. Code § 26.1-27-12; S.C. Code Ann. § 38-51-60; Tenn. Code Ann. § 56-6-404; Utah Code Ann. § 31A-25-302; Wy. Code Reg. chpt. 4 § 5; DE 1406 s 5.1 & 5.7; La. Stat. Ann. § 22:1644; MD Ins. § 8-312; Tex. Ins. Code Ins. § 4151.113; Con. Gen. Stat. § 38a-720c; MT § 33-17-611; Okla. Stat. § 36-1443; Pa. Con. Stat. § 40-25-1007; NH § 402-H4; Nev. Rev. Stat. § 683A.0873.* 

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**H.** **State Regulatory Requirements regarding—** 

<u>Description of Books and Records</u>. Zinnia shall maintain detailed books and records that reflect all administered transactions specifically in regard to premiums, premium taxes, agent's commissions, administrator's fees, contributions received and deposited and claims and authorized expenses paid.

*Ga. Comp. R. & Regs. r. 120-2-49-.05(2); Ill. Rev. Stat. Ch. 215, para. 5/511.112(h)(i); ME 24-A s 1909; Ohio Rev. Code. Ann. § 3959.15(A).* 

<u>Description of Books and Records</u>. The detailed preparation, journalizing, and posting of such books and records shall be made in accordance with the terms and conditions of the service agreement between Zinnia and Customer and to enable Customer to complete the National Association of Insurance Commissioners' annual financial statement.

*Ga. Comp. R. & Regs. r. 120-2-49-.05(3); Ill. Rev. Stat. Ch. 215, para. 5/511.112(h)(ii); Ohio Rev. Code. Ann. § 3959.15(B).* 

<u>Description of Books and Records</u>. Zinnia shall maintain a cash receipts register of all premiums or contributions received. The minimum detail required in the register shall be date received and deposited, the mode of payment, the Policy number, name of policyholder and individual premium amounts and agent.

*Ga. Comp. R. & Regs. r. 120-2-49-.05(5); Ohio Rev. Code. Ann. § 3959.15(D).* 

<u>Description of Books and Records</u>. The description of a disbursement shall be sufficient detail to identify the source document substantiating the purpose of the disbursement, and shall include all of the following: (a) the check number; (b) the date of disbursement; (c) the person to whom the disbursement was made; (d) the amount disbursed. If the amount disbursed does not agree with the amount billed or authorized, Zinnia shall prepare a written record as to the application for the disbursement; and (e) ledger account number.

*Ga. Comp. R. & Regs. r. 120-2-49-.05(6), (8); Ohio Rev. Code. Ann. § 3959.15(E).* 

<u>Description of Books and Records</u>. If the disbursement is for the earned administrative fee or commission, the disbursement shall be supported by evidential matter. The evidential matters must be referenced in the journal entry so that it may be traced for verification.

*Ga. Comp. R. & Regs. r. 120-2-49-.05(7); Ohio Rev. Code. Ann. § 3959.15(F) and (G).* 

<u>Description of Books and Records</u>. Zinnia shall prepare and maintain monthly financial institution account reconciliations if such service is requested by an insurer or plan sponsor as provided in the service agreement by and between Zinnia and Customer.

*Ga. Comp. R. & Regs. r. 120-2-49-.05(9); Ohio Rev. Code. Ann. § 3959.15(H); 215 Ill. Comp. Stat. 5/511.112.* 

<u>Description of Books and Records</u>. Zinnia shall prepare a report to be filed with Customer within ninety (90) days of the end of the fiscal year of the plan, which discloses at least all of the following: (a) the total premiums or contributions received from the plan sponsor, covered persons, or beneficiaries; (b) the total administration fees withdrawn by Zinnia pursuant to the written service agreement; (c) the total claim payments made during the reporting period; (d) a copy of the annual report shall be retained as part of the official record of Zinnia for at least five (5) years; (e) any additional information required by the written agreement; and (f) the names of all insurance, reinsurance carriers or ultimate risk bearers providing any type of insurance coverage of the plan sponsor.

*Ga. Comp. R. & Regs. r. 120-2-49-.05(10); Ohio Rev. Code. Ann. § 3959.15(I).* 

**I.** **State Regulatory Requirements regarding—** 

<u>Contingent Fees</u>. Zinnia shall not receive from covered individual or beneficiary any compensation or other payments except as expressly set forth in this Agreement.

*Ga. Comp. R. & Regs. r. 120-2-49-.10(2); 215 Ill. Comp. Stat. 5/511.106; Me. Stat. tit. 24-A § 1906.* 

**J.** **State Regulatory Requirements regarding—** 

<u>Advertising</u>. Zinnia may use only such advertising pertaining to the business underwritten by an insurer as has been approved by such insurer in advance of its use.

*Alaska Stat. § 21.27.650(f)(10); Ariz. Rev. Stat. Ann. § 20-485.04; Cal. Ins. Code § 1759.4; Fla. Stat. § 626.887; Ga. Comp. R. & Regs. r. 120-2-49-.13; Idaho Code § 41-905; Ind. Code § 27-1-25-5; Iowa Code § 510.15; KS § 40-3806; Ky. Rev. Stat. Ann. § 304.9-374; Me. Stat. tit. 24-A § 1906; Miss. Code Ann. § 83-18-11; Mo. Rev. Stat. § 376.1083; Mont. Code Ann. § 33-17-612; Neb. Rev. Stat. § 44-5806; Nev. Rev. Stat. § 683A.087; N.H. Rev. Stat. Ann. § 402-H:5; N.M. Rev. Stat. Ann. § 59A-12A-7; N.C. Gen. Stat. § 58-56-21; N.D. Cent. Code § 26.1-27-06; Okla. Stat. § 36-1446; Or. Rev. Stat. § 744.728; S.C. Code Ann. § 38-51-70; Tenn. Code Ann. § 56-6-405; Utah Code Ann. § 31A-25-303; W.V. Code § 33-46-6; Wy. Code Reg. chpt. 4 § 6; DE 1406 s 6.0; La. Stat. Ann. § 22:1645; Tex. Ins. Code Ins. § 4151.116; Wis. Stat. § 633.07; Con. Gen. Stat. § 38a-720d; 215 Ill. Comp. Stat. 5/511.106; Pa. Con. Stat. § 40-25-1008; R.I. Gen. Laws § 27-20.7-6; SD § 58-29D-12.* 

<u>Advertising</u>. Customer shall have the prior approval of the Director of the Department of Insurance, State of Idaho, before approving advertising for use by Zinnia.

------

*Idaho Code § 41-905.* 

<u>Advertising</u>. Zinnia shall maintain at its principal administrative office a complete file of all advertisements, regardless of by whom written, created or designed, which are used in the course of Zinnia's business in this state, with a notation indicating the manner and extent of distribution and the form number of any policy advertised. Such file shall be subject to inspection by the Office of Commissioner of Insurance of the State of Georgia. All such advertisements shall be maintained in said file for a period of not less than five (5) years. Zinnia shall file with the Commissioner on or before March 1 in each year, a certification executed by an authorized officer of Zinnia wherein it is stated that to the best of its knowledge, information and belief, the advertisements disseminated by Zinnia during the preceding calendar year complied, or were made to comply in all respects, with the advertising regulations of this state.

*Ga. Comp. R & Regs. R. 120-2-49-.13.* 

**K.** **State Regulatory Requirements regarding—** 

<u>Written Agreement Required</u>. Zinnia may only provide administrative services to Customer pursuant to this Agreement.

*Mich. Stat. 550.930, Sec. 30(1); Alaska Stat. § 21.27.650; AR § 23-92-202; UT § 31A-25-301.* 

<u>Written Agreement Required</u>. Zinnia shall not act as an administrator to Customer other than in accordance with this Agreement, and this Agreement shall be retained as part of the official records of both Customer and Zinnia for the duration of this Agreement plus five (5) years.

*AZ § 20-485.01; CA § 1759.1; Con. Gen. Stat. § 38a-720a; DE 1406 s 3.1; FL § 626.882; GA § 120-2-49-.04; Idaho Code § 41-902; 215 Ill. Comp. Stat. 5/511.106; IN § 27-1-25-2; IA § 510.12; KS § 40-3802; KY § 304.9-371; La. Stat. Ann. § 22:1642; MS § 83-18-5; MO § 376.1077; MT § 33-17-602; NE § 44-5803; Nev. Rev. Stat. § 683A.086; NH § 402-H:2; N.J. Admin. Code § 17B:27B-6; NM § 59A-12A-4; NC § 58-56-6; N.D. Cent. Code § 26.1-27-05; OH § 3959.11; Okla. Stat. § 36-1443; OR § 744.720; Pa. Con. Stat. § 40-25-1005; R.I. Gen. Laws § 27-20.7-3; S.C. Code Ann. § 38-51-40; SD § 58-29D-4; TN § 56-6-402; Tex. Ins. Code Ins. § 4151.101 and § 4151.103; Wis. Stat. § 633.04.* 

*Required to retain for the duration of the contract plus 3 years: MD Ins. § 8-311; UT § 31A-25-301; WY Chapter 4 s 4.* 

*Required to retain for the duration of the contract plus 7 years: ME 24-A s 1906.Required to retain for the duration of the contract plus 10 years: WV § 33-46-3.* 

<u>Written Agreement Required</u>. Communications between Zinnia and claimants shall avoid deceptive statements with regard to Zinnia's or Customer's responsibilities. In the event of a dispute between Customer and Zinnia regarding which of them is to fulfill a lawful obligation with respect to a policy, certificate, or claim subject to the written agreement, Customer shall fulfill such obligation. Customer has the duty to provide for competent administration of its programs administered by Zinnia and within the scope of this rule.

*VT Reg. I-2021-01 § 8.* 

**L.** **State Regulatory Requirements regarding—** 

<u>Confidentiality of Personal Information</u>. Information that identifies an individual covered by a plan is confidential. During the time such information is in Zinnia's custody or control, Zinnia shall take all reasonable precautions to prevent disclosure or use of the information for a purpose unrelated to administration of the plan. Zinnia shall disclose such information only in response to a court order; for an examination conducted by the commissioner; for an audit or investigation conducted under ERISA; to or at the request of Customer or plan sponsor; or with the written consent of the identified individual or his or her legal representative.

*TX Ins s 4151.115.* 

<u>Bond and Insurance Requirements</u>. Zinnia shall comply with the bond and insurance requirements of each state in which it administers claims.

*Ariz. Rev. Stat. Ann. § 20-485.10; Idaho Code § 41-911.* 

<u>Termination</u>. Customer may terminate this Agreement for cause upon written notice sent by certified mail to Zinnia and may suspend the underwriting authority of Zinnia during a dispute regarding the cause for termination; but Customer must fulfill all lawful obligations with respect to policies affected by this Agreement, regardless of any dispute between Customer and Zinnia.

*Alaska Stat. § 21.27.650(a)(5)(A); Miss. Code Ann. § 83-18-5(3); Mo. Rev. Stat. § 376.1077; Or. Rev. Stat. § 744.720(4); R.I. Stat. § 27-20.7-3(c); W.V. Stat. § 33-46-3(c); DE 1406 s 3.3; La. Stat. Ann. § 22:1642; Con. Gen. Stat. § 38a-720a; Idaho Code § 41-902; IN § 27-1-25-2; NE § 44-5803; Nev. Rev. Stat. § 683A.086; NH § 402-H:2; NC § 58-56-6; SD § 58-29D-6.* 

<u>Termination</u>. Customer shall provide thirty (30) days' written notice to Zinnia of the termination or cancellation of the agreement. The agreement shall also include a provision that Customer shall provide fifteen (15) days' written notice to the director of the Department of Insurance for the State of Arizona of termination or cancellation or any other change in the agreement.

------

*Ariz. Rev. Stat. Ann. § 20-485.01.* 

**M.** **State Regulatory Requirements regarding—** 

<u>Policy to Trustee</u>. When a Policy is issued to a trustee, a copy of the trust agreement and any amendments to the trust agreement shall be furnished to Customer by Zinnia and shall be retained as part of the official records of both Customer and Zinnia for the duration of the policy plus five (5) years.

*Ariz. Rev. Stat. Ann. § 20-485.01; Cal. Ins. Code § 1759.1; Fla. Stat. § 626.882(4); Ind. Code § 27-1-25-2; Iowa Code § 510.12; KS § 40-3802(b); Ky. Rev. Stat. Ann. § 304.9-371(2); Mont. Code Ann. § 33-17-602; Nev. Rev. Stat. § 683A.086; N.M. Stat. Ann. § 59A-12A-4; N.D. Cent. Code § 26.1-27-05; Okla. Stat. § 36-1443; S.C. Code Ann. § 38-51-40; Tenn. Code Ann. § 56-6-402(a); Utah Code Ann. § 31A-25-301; Wisc. Stat. § 633.04(2); Ga. Comp. R. & Regs. r. 120-2-49-.04; Tex. Ins. Code Ins. § 4151.102.*

## Ex-99.(I)(4)

---

| | |
|:---|:---|
| ![LOGO](g101523dsp45.jpg) | ![LOGO](g101523dsp45a.jpg) |
| **Customer: Delaware Life Insurance Company ("Customer")** | ![LOGO](g101523dsp45b.jpg) |

---

---

| | |
|:---|:---|
| **Bill To Address:** | **Ship To Address:** |
| <br> Billing Contact | <br> Primary Contact |
| <br> Billing Email | <br> Primary Email |
| <br> Billing Phone | <br> Primary Phone |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Start Date**<br> (the "Start Date") | **End Date**<br> (the "End Date") | **Billing Frequency** | **Billing<br>Currency** | **Payment Method** | **Payment Terms** |
| July 1, 2025 | June 30, 2030 | Monthly in arrears, unless set forth otherwise herein | USD | ACH/Wire Transfer | Net 30 from receipt of invoice |

---

**Terms and Conditions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. This Order Form is governed as an Order under the terms of the Services Agreement, dated as of July 1,
2025, between Zinnia Tech Solutions LLC and Customer (the "Agreement") and the Third Party Administration Addendum, dated as of July 1, 2025, among Zinnia Tech Solutions LLC, Se2, LLC, Zinnia Digital Service LLP, Customer and
Security Distributors, LLC. Any capitalized terms used but not defined herein have the meaning set forth in the Agreement. As used in this Order Addendum, "Zinnia" refers to Se2, LLC and Zinnia Digital Service LLP with respect to the TPA
Services and Security Distributors, LLC., solely with respect to the Brokerage Services. Any capitalized terms used but not defined herein shall have the meanings set forth in the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. This Order Form commences on the Start Date and will continue through the End Date, each as identified above
("Subscription Term").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Zinnia will perform the Services according to the service descriptions set forth in Appendix A (Service
Descriptions) at the service levels described in Appendix D ("Service Levels").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Zinnia's performance of its obligations under the Agreement and this Order Form is dependent upon
Customer's timely management and fulfillment of its obligations ("Customer Obligations"). To ensure timely and effective delivery of Services, Customer agrees to perform the following Customer Obligations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. provide to Zinnia complete, accurate and up-to-date billing and contact information and promptly notify Zinnia in writing of any changes to such information;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. provide Customer Materials required to configure the Services to meet Customer's business requirements in
a timely manner and in accordance with mutually agreed dates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. provide any information and materials necessary for Zinnia to provide the Services, as reasonably requested by
Zinnia;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. appropriately safeguard all login credentials provided to Customer by Zinnia, including not disclosing such
information except to a Customer employee who has a need to know;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. provide Zinnia reasonable access to relevant personnel, and documentation as needed; and

![LOGO](g101523dsp45d.jpg)

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. provide Zinnia reasonable access or outputs from any third-party vendors or external systems as needed; and
ensure that necessary internal resources are reasonably available to support the provision of the Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Zinnia will not be held responsible for delays or inaccuracies in the provision of the Services, including
missed Service Levels, if those delays or inaccuracies are caused by Customer's failure to promptly and accurately fulfill the Customer Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Customer will pay Zinnia the fees outlined in Appendix B (Pricing), subject to Section 3 of the Agreement.
Pursuant to Section 3 of the Agreement, all fees outlined in Appendix B are exclusive of all applicable taxes.

---

| | |
|:---|:---|
| Agreed: |  |
| **SE2, LLC** | **ZINNIA DIGITAL SERVICE LLP** |
| By: _________________________________ | By: _________________________________ |
| Name: | Name: |
| Title: | Title: |
| Date: | Date: |
| **ZINNIA TECH SOLUTIONS LLC** | **DELAWARE LIFE INSURANCE COMPANY** |
| By: _________________________________ | By: _________________________________ |
| Name: | Name: |
| Title: | Title: |
| Date: | Date: |
| **SECURITY DISTRIBUTORS LLC** |  |
| By: _________________________________ |  |
| Name: |  |
| Title: |  |
| Date: |  |

---

![LOGO](g101523dsp45d.jpg)

------

**Appendix A (Service Descriptions)** 

---

| | | |
|:---|:---|:---|
| **TPA Services** | **TPA Services** | **TPA Services** |
|  | **Services** | **Operating Guidelines\*** |
|  | &nbsp;&nbsp;&nbsp;&nbsp; • General administrative processes applicable to multiple functions<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • Clean Desk<br>• Community Property<br>• Error Corrections<br>|
| **General Administration** |  | &nbsp;&nbsp;&nbsp;&nbsp; • Exceptions and Escalations<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • NIGO Post Issue<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Signatures<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Two-Way Communication<br>|
| **Call Center** | &nbsp;&nbsp;&nbsp;&nbsp; • Call center support, including telephone charges for contracted services<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Security Verification Call Opening and Closing<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • Non-financial processing<br>• Financial processing<br>• Quality Review<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • Telephone Authorization<br>• Billing Change<br>• Government Allotment<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Listbill<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Automatic Premium Loans<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Advance Premium Deposits<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Commute to Single Premium<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • List Bill Payments<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Loan Payments<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Purchases<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Receivables<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Reconciliation<br>|
| **In-force Processing** |  | &nbsp;&nbsp;&nbsp;&nbsp; • Reinstatements<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Return Checks<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Stop Payments<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Foreclosures<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Hardship Withdrawals<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Loans<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Loan Surrenders<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Outgoing Transfers<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Redemptions<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Regulation 60-Outgoing Transfers<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • 712 Form<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • 712 Form Due to Death of Owner<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Death Initial Notification<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Death Claim Processing<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Death Audit Scrub<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Divorce<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Exchanges<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Future Allocations<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • One Time Rebalance<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Automatic Asset Rebalance<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Dollar Cost Averaging<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Systematic Withdrawals<br>|

---

![LOGO](g101523dsp45d.jpg)

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; • Annutization Annuity and Life<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Annuitization at Max ACD with LBR<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Illustration Annuization Quote<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Maturity - Endowments<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Maturity - Life<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Banking<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • EFT Draw<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Beneficiary Change<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Ownership Change<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Address Email Phone Number Change<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Address Screener<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • National Change of Address<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Lost Security Holder<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Lost Security Holder Report<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Return Mail<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Secondary Addressee<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Annuitant Change<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Assignments<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Collateral Assignment<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Correspondence<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Custodial-Corporate Owned contracts<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Date of Birth Change<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Duplicate Policy<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Legal Requests<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Name Change<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Qualification Change<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Power of Attorney<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Reregistration (Title) Change<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • CA Paid Up Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Add Remove Convert Riders<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Conversions<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Date of Birth and Gender Changes<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Decrease<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Delete Rider Benefit<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Endorsement<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Increase<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Non Forfeiture Option<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Modified Endowment Contract<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Smoker Rate Change<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Special Class<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Terminating Riders<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Waivers<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Illustration Quote<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • 403b/Pension Plan Maintenance Activities<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Viewconnect - Plan Aggregation Support System<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • NSCC Banking Activity (Finance)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Release of Assignment Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Assignment Letter<br>|

---

![LOGO](g101523dsp45d.jpg)

------

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; • Primary and Contingent Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Contingent Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Verification of Life Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Death of Spouse Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Death of Non-Spouse Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Death Trust Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Death Individual Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Death Estate Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Death General Certificate Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • California Explanation of Benefit Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Spousal Continuance Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Divorce IRA Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Divorce NQ Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Divorce TSA Non-Employer Sponsored Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Over Loaned Notification Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Excess Loan Payoff Return Funds Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Insufficient Loan Payoff Amount letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Loan in Forfeiture Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Hold Harmless Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Letter of Indemnity Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Apology Letter<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • NIGO Post Issue<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Annual Cross Year Transaction Audit Blackout Period<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Call Center Resource and Supervisor Guidelines<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Delaware CARES Act Guideline<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Conservation<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Do Not Hire Guideline<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Document Delivery<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Due Diligence<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • FATCA Guideline<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Incoming Transfers<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Internal Conversion<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Investment Option Renewals and Fixed Renewals<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Lost Security Holder<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Manual Check Guideline<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Misdirected Calls Mail Funds Not Serviced at SE2<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • No broker Firm Process<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Nursing Home Waiver<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • OFAC – Homeland Tracker<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Pension Election<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Receivables Letters of Indemnity<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Regulation 60 Incoming Transfers<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Representative Renewals<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; • Security Password Handling<br>|

---

![LOGO](g101523dsp45d.jpg)

------

---

| | | |
|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Tax Aggregation<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Guideline for Taxable Amount Not Determined<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Transfer Follow Ups<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Travelers Assistance Program<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Underwriting<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Watch List Processing<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Web Security Settings<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • DST Vision<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Reconciliation<br>| &nbsp;&nbsp;&nbsp;&nbsp; • General ledger (finance)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • General ledger support<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Separate account (finance)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Tax form and processing support<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • 72(u) Taxation<br>• PS58 Qualified<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • Cash Reconciliation and Processing<br>• Separate account support<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; • PS58 Split Dollar<br>• Resident and Non-Resident Aliens<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Abandoned property support<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Tax Form Corrections<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Taxation (Finance)<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Taxation (Operations)<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • W-9 Certification<br>|
| **Finance** |  | &nbsp;&nbsp;&nbsp;&nbsp; • Cash Reconciliation (Finance)<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Suspense (Finance)<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Policy Loans (Finance)<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Commission Reconciliation (Finance)<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Abandoned Property (Finance)<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Bank Reconciliation (Finance)<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Blackline Process Overview (Finance)<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Integration (Finance)<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Escheatment (Operations)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Lockbox / cashiering (deposits)<br>| &nbsp;&nbsp;&nbsp;&nbsp; • DD Date and Time Stamp<br>|
| **Mail Operations** | &nbsp;&nbsp;&nbsp;&nbsp; • Incoming mail processing<br>| &nbsp;&nbsp;&nbsp;&nbsp; • DD Incoming Mail<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Return mail processing<br>| &nbsp;&nbsp;&nbsp;&nbsp; • DD Return Mail<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Outbound mail processing<br>| &nbsp;&nbsp;&nbsp;&nbsp; • DD Indexing<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • DD Money Processing<br>|
|  | Print of following correspondence including but not limited to: | N/A |
| **Print Operations** | &nbsp;&nbsp;&nbsp;&nbsp; • Checks<br>|  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Commission statements<br>|  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Automated Letters<br>|  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Anniversary statements<br>|  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Confirmations - all applicable as defined In the MSA & Operational Guidelines<br>|  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Ad hoc Correspondence<br>|  |
| **Reporting** | &nbsp;&nbsp;&nbsp;&nbsp; • Monthly score card<br>| N/A |
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Complaint support<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Anti-Money Laundering<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Audit support<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Child Support Lien Data Match<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Compliance monitoring<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Complaints<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Regulatory support<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Complaints Received Compliance<br>|
| **Compliance/Regulatory** |  | &nbsp;&nbsp;&nbsp;&nbsp; • Section 22c-2<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Potential Privacy Incident<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Proxy Mailing List<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Suspicious Activity<br>|

---

![LOGO](g101523dsp45d.jpg)

------

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Distribution Records Maintenance<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Agent Setup<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Commissions<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Contracts and Selling Agreements<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Not in Good Order ("NIGO") Agent Requirements<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Sales Entity Overview<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Marketing Administration Correspondence<br>|
| **Distribution Support** |  | &nbsp;&nbsp;&nbsp;&nbsp; • Rep. Address Change<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Rep. Change<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Linking and Delinking BIN<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Commissions Direct Deposit<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Electronic File Requests<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Sales Entity Commissions<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • Representative Termination<br>|

---

---

| | | |
|:---|:---|:---|
| **Brokerage Services** | **Brokerage Services** | **Brokerage Services** |
|  | **Services** | **Operating Guidelines\*** |
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Pricing & trading<br>| &nbsp;&nbsp;&nbsp;&nbsp; • VPA Pricing Trading (Fund Management)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Fund house settlement<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Fund Company Settlements (Fund Management)<br>|
| **Fund Management** | &nbsp;&nbsp;&nbsp;&nbsp; • Reconciliations<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Fund Company Communications (Fund Management)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp; • Trading reporting<br>| &nbsp;&nbsp;&nbsp;&nbsp; • Performance Returns Business Process<br>|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; • NSCC Trading Business Process<br>|

---

\* Represents the Operating Guidelines which have been approved by, and are currently in place for, the Customer. For the avoidance of doubt, Zinnia may utilize additional internal operating procedures in delivering the Services, which will not be subject to Customer approval.

![LOGO](g101523dsp45d.jpg)

------

**Appendix B (Pricing)** 

For the first calendar year of the Subscription Term, the fee hereunder shall be based on Pricing Tier 31. For purposes of determining the applicable pricing tier thereafter, the in-force policy count as of January 1st of each applicable calendar year shall be aggregated across both this Order (between Zinnia and Customer) and the separate TPA Order Form between Zinnia and Clear Spring Life & Annuity Company ("CSLAC").

The annualized fee for the applicable tier shall then be apportioned based on the ratio of Customer's in-force policies to the total aggregated in-force policy count across both Customer and CSLAC. This apportioned amount shall constitute the Customer's fee for that calendar year.

In the event that the separate TPA Order Form between Zinnia and CSLAC is terminated during the Subscription Term, the aggregated in-force policy count will be adjusted as of the effective date of such termination to reflect only the active agreement(s). Zinnia will then determine the applicable pricing tier based on the updated in-force policy count and recalculate the applicable fees on a go-forward basis. Customer's obligation to pay fees shall thereafter be based solely on its own in-force policy count and the corresponding pricing tier.

---

| | | | |
|:---|:---|:---|:---|
| **Pricing Tier** | **Minimum<br>In-Force<br>Policies** | **Maximum<br>In-Force<br>Policies** | **Fee ($)<br>(Annualized)** |
| 1 | 0 | 2808 | **[\*\*\*]** |
| 2 | 2809 | 4211 | **[\*\*\*]** |
| 3 | 4212 | 5615 | **[\*\*\*]** |
| 4 | 5616 | 8423 | **[\*\*\*]** |
| 5 | 8424 | 11230 | **[\*\*\*]** |
| 6 | 11231 | 14038 | **[\*\*\*]** |
| 7 | 14039 | 16845 | **[\*\*\*]** |
| 8 | 16846 | 19653 | **[\*\*\*]** |
| 9 | 19654 | 22460 | **[\*\*\*]** |
| 10 | 22461 | 28075 | **[\*\*\*]** |
| 11 | 28076 | 33690 | **[\*\*\*]** |
| 12 | 33691 | 42113 | **[\*\*\*]** |
| 13 | 42114 | 50535 | **[\*\*\*]** |
| 14 | 50536 | 58958 | **[\*\*\*]** |
| 15 | 58959 | 67380 | **[\*\*\*]** |
| 16 | 67381 | 75803 | **[\*\*\*]** |
| 17 | 75804 | 84225 | **[\*\*\*]** |
| 18 | 84226 | 92648 | **[\*\*\*]** |
| 19 | 92649 | 101070 | **[\*\*\*]** |
| 20 | 101071 | 109493 | **[\*\*\*]** |
| 21 | 109494 | 117915 | **[\*\*\*]** |
| 22 | 117916 | 126338 | **[\*\*\*]** |
| 23 | 126339 | 134760 | **[\*\*\*]** |

---

![LOGO](g101523dsp45d.jpg)

------

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24 | 134761.0 | 143683.0 | **[\*\*\*]** |
| 25 | 143684.0 | 152605.0 | **[\*\*\*]** |
| 26 | 152606.0 | 163335.0 | **[\*\*\*]** |
| 27 | 163336.0 | 174065.0 | **[\*\*\*]** |
| 28 | 174066.0 | 185533.0 | **[\*\*\*]** |
| 29 | 185534.0 | 197000.0 | **[\*\*\*]** |
| 30 | 197001.0 | 220000.0 | **[\*\*\*]** |
| 31 | 220001.0 | 252675.0 | **[\*\*\*]** |

---

Zinnia will apply a discount to the fees due under this Order each calendar year, as detailed below. These discounts reflect anticipated operational efficiencies and automation improvements and will be calculated net of any services taken back by the Customer (including, but not limited to, any takeback of call center services). In no event shall the discount for any given year exceed the corresponding capped amount indicated below:

**•** **2025: [\*\*\*]** 

**•** **2026: [\*\*\*]** 

**•** **2027: [\*\*\*]** 

**•** **2028: [\*\*\*]** 

**•** **2029: [\*\*\*]**![LOGO](g101523dsp45d.jpg)

------

**<u>Appendix C (Out of Scope & Assumptions)</u>**

**<u>Out of Scope</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• All inbound calls will route from Customer's IVR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New business - all products are closed for sale. Subsequent premiums are allowed for flexible premium products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reinsurance integration or reinsurance administration (i.e. handling of reinsurance agreements, monitoring
carrier's risk exposure, tracking reinsurance claims, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Underwriting/Suitability

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any modifications to the existing services provided between Zinnia and Customer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Products not administered by Zinnia as of the Start Date

**<u>Assumptions</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General Assumptions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Service descriptions assume Customer's use of existing Operating Guidelines in place for Customer.
Operating Guidelines may be modified via the existing process in place on the Start Date. Modification may incur additional charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Zinnia completes end-to-end processing for all items with the exception of the following, which Customer will continue to perform:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FAST Claims: Notification of Death, generation of Initial claim package, follow up letters, review of returned
packages for IGO/NIGO determination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Receivable/overpayment handling once an Item appears on the overpayment report. Overpayment report Is generated
by Zinnia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Inbound calls on LifeCad contracts with the exception of claims, fund exchanges, LNA

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FAST Claims calls

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Zinnia uses its standard tools and templates for project execution, tracking and status reporting

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Customer functional and technical management resources are responsible for coordinating and driving the
decision-making process within the Customer organization

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Customer will provide notification of fund closures, re-names and mergers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• All services as performed by Zinnia today will remain unchanged, unless otherwise set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contact Center & Mail Operations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Zinnia will maintain contact center hours Monday through Friday from 8:30am-6:00pm EST, excluding U.S. stock market holidays

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Recorded call retention for incoming calls is three years

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• All materials will be provided in the English language unless otherwise specified

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Processing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Customer to provide rates in an agreed upon, standardized format

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Standard Licensing and Commissions work goes to Customer for review prior to being sent to Zinnia for processing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Generally, Customer will handle collection activities in cases of overpayment. Refer to Receivables guideline for
additional details.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Pass-Through Expenses" include costs associated with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Postage

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Express mail charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Envelopes

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Storage & retrieval (e.g., Iron Mountain)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Database Searches (e.g., Accurint/Lexis Nexis)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• RR Donnelley

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Document repository services (e.g., Cathedral)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other costs billed to Customer without an administrative fee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General printing, printing of SOAs, and printing of RMD letters will be billed to Customer as incurred at the
current rates of $**[\*\*\*]** per black & white page and $**[\*\*\*]** per color page. These rates are subject to annual review and adjustment in the event of increased actual costs to Zinnia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• SOVOS transaction fees and tax printing fees

![LOGO](g101523dsp45d.jpg)

------

**<u>Appendix D (Service Levels)</u>**

**[\*\*\*]**![LOGO](g101523dsp45d.jpg)

## Ex-99.(K)(1)

June 30, 2026

Delaware Life Insurance Company

230 Third Avenue, 6<sup>th</sup> Floor

Waltham, Massachusetts 02451

Re: Post-Effective Amendment No. 15 to the Registration Statement of Delaware Life Variable Account F on Form N-4, File No. 333-225901

Ladies and Gentlemen:

You have requested my Opinion of Counsel in connection with the filing of the post-effective amendment to the above-referenced registration statement (the "Registration Statement") with the Securities and Exchange Commission under the Securities Act of 1933, as amended, with respect to variable annuity contracts (the "Contracts") issued by Delaware Life Insurance Company (the "Company") and its Variable Account.

In giving this opinion, I have examined the Registration Statement and have examined such other documents and perceived such questions of Delaware law as I considered necessary and appropriate. Based on such examination and review it is my opinion that:

1. The Company is a corporation duly organized and validly existing under the laws of the state of Delaware.

2. The Variable Account has been duly established by the Company under the laws of the state of Delaware.

3. The Contracts are legal and binding obligations of the Company in accordance with their terms.

I hereby consent to the filing of this opinion as an exhibit to the post-effective amendment to the Registration Statement.

Very truly yours,

/s/ Kate McGah

Kate McGah

Vice President and Associate General Counsel

## Ex-99.(K)(2)

**REPRESENTATION OF COUNSEL** 

I, Kenneth N. Crowley, in my capacity as counsel to Delaware Life Variable Account F (the "Account") have reviewed this Post-Effective Amendment to the Registration Statement of the Account which is being filed pursuant to paragraph (b) of Rule 485 under the Securities Act of 1933. Based on my review of this Post-Effective Amendment and such other material relating to the operations of the Account as I deemed relevant, I hereby certify as of the date of filing this Amendment, that the Post-Effective Amendment does not contain disclosure which would render it ineligible to become effective pursuant to paragraph (b) of Rule 485.

I hereby consent to the filing of this representation as part of this Post-Effective Amendment to the Registration Statement of the Account.

---

| |
|:---|
| /s/ Kenneth N. Crowley |
| Kenneth N. Crowley, Esq. |
| June 30, 2026 |

---

## Ex-99.(P)

DELAWARE LIFE INSURANCE COMPANY (THE "COMPANY")

POWER OF ATTORNEY

I, Dennis A. Cullen, hereby constitute and appoint Michael S. Bloom, Kenneth N. Crowley, Maura A. Murphy, Kathleen A. McGah and Christine McGeough as my attorneys-in-fact, each of whom may act individually on my behalf to execute and file any instrument or document required to be filed as part of, or in connection with or in any way related to, the Registration Statements and any and all amendments thereto filed by the Company under the Securities Act of 1933 (the "1933 Act") and/or the Investment Company Act of 1940 (the "1940 Act"), pertaining to all variable accounts of the Company and all variable products issued or to be issued by the Company, including but not limited to, the following:

Delaware Life Variable Account F (1940 Act Registration # 811-05846)

---

| | |
|:---|:---|
| 1933 Act File Nos. | 033-41628 (Regatta Gold and Regatta Platinum) |
|  | 333-74844 (Masters Flex) |
|  | 333-83516 (Masters Choice) |
|  | 333-83362 (Masters Extra) |
|  | 333-168712 (Masters Flex II) |
|  | 333-168710 (Masters Choice II) |
|  | 333-225901 (Masters Prime) |
|  | 333-238865 (Accelerator Prime) |

---

Delaware Life Variable Account G (1940 Act Registration # 811-07837)

1933 Act File Nos. 333-65048 (Futurity Corporate VUL) <br> 333-111688 (Large Case VUL)

Delaware Life Variable Account I (1940 Act Registration # 811-09137)

1933 Act File Nos. 333-143353 (Executive VUL) <br> 333-143354 (Prime VUL)

and to have full power and authority to do or cause to be done in my name, place and stead each and every act and thing necessary or appropriate in order to effectuate the same, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact or any of them, may do or cause to be done by virtue hereof.

This power will expire no later than May 7, 2027.

IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of the date and time stamp shown below.

---

| |
|:---|
| /s/ Dennis A. Cullen |
| Dennis A. Cullen |

---

------

DELAWARE LIFE INSURANCE COMPANY (THE "COMPANY")

POWER OF ATTORNEY

I, Michael K. Moran, hereby constitute and appoint Michael S. Bloom, Kenneth N. Crowley, Maura A. Murphy, Kathleen A. McGah and Christine McGeough as my attorneys-in-fact, each of whom may act individually on my behalf to execute and file any instrument or document required to be filed as part of, or in connection with or in any way related to, the Registration Statements and any and all amendments thereto filed by the Company under the Securities Act of 1933 (the "1933 Act") and/or the Investment Company Act of 1940 (the "1940 Act"), pertaining to all variable accounts of the Company and all variable products issued or to be issued by the Company, including but not limited to, the following:

Delaware Life Variable Account F (1940 Act Registration # 811-05846)

---

| | |
|:---|:---|
| 1933 Act File Nos. | 033-41628 (Regatta Gold and Regatta Platinum) |
|  | 333-74844 (Masters Flex) |
|  | 333-83516 (Masters Choice) |
|  | 333-83362 (Masters Extra) |
|  | 333-168712 (Masters Flex II) |
|  | 333-168710 (Masters Choice II) |
|  | 333-225901 (Masters Prime) |
|  | 333-238865 (Accelerator Prime) |

---

Delaware Life Variable Account G (1940 Act Registration # 811-07837)

1933 Act File Nos. 333-65048 (Futurity Corporate VUL) <br> 333-111688 (Large Case VUL)

Delaware Life Variable Account I (1940 Act Registration # 811-09137)

1933 Act File Nos. 333-143353 (Executive VUL) <br> 333-143354 (Prime VUL)

and to have full power and authority to do or cause to be done in my name, place and stead each and every act and thing necessary or appropriate in order to effectuate the same, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact or any of them, may do or cause to be done by virtue hereof.

This power will expire no later than May 7, 2027.

IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of the date and time stamp shown below.

---

| |
|:---|
| /s/ Michael K. Moran |
| Michael K. Moran |

---

------

DELAWARE LIFE INSURANCE COMPANY (THE "COMPANY")

POWER OF ATTORNEY

I, Ellyn M. Nettleton, hereby constitute and appoint Michael S. Bloom, Kenneth N. Crowley, Maura A. Murphy, Kathleen A. McGah and Christine McGeough as my attorneys-in-fact, each of whom may act individually on my behalf to execute and file any instrument or document required to be filed as part of, or in connection with or in any way related to, the Registration Statements and any and all amendments thereto filed by the Company under the Securities Act of 1933 (the "1933 Act") and/or the Investment Company Act of 1940 (the "1940 Act"), pertaining to all variable accounts of the Company and all variable products issued or to be issued by the Company, including but not limited to, the following:

Delaware Life Variable Account F (1940 Act Registration # 811-05846)

---

| | |
|:---|:---|
| 1933 Act File Nos. | 033-41628 (Regatta Gold and Regatta Platinum) |
|  | 333-74844 (Masters Flex) |
|  | 333-83516 (Masters Choice) |
|  | 333-83362 (Masters Extra) |
|  | 333-168712 (Masters Flex II) |
|  | 333-168710 (Masters Choice II) |
|  | 333-225901 (Masters Prime) |
|  | 333-238865 (Accelerator Prime) |

---

Delaware Life Variable Account G (1940 Act Registration # 811-07837)

1933 Act File Nos. 333-65048 (Futurity Corporate VUL) <br> 333-111688 (Large Case VUL)

Delaware Life Variable Account I (1940 Act Registration # 811-09137)

1933 Act File Nos. 333-143353 (Executive VUL) <br> 333-143354 (Prime VUL)

and to have full power and authority to do or cause to be done in my name, place and stead each and every act and thing necessary or appropriate in order to effectuate the same, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact or any of them, may do or cause to be done by virtue hereof.

This power will expire no later than May 7, 2027.

IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of the date and time stamp shown below.

---

| |
|:---|
| /s/ Ellyn M. Nettleton |
| Ellyn M. Nettleton |

---

------

DELAWARE LIFE INSURANCE COMPANY (THE "COMPANY")

POWER OF ATTORNEY

I, Curtis P. Steger, hereby constitute and appoint Michael S. Bloom, Kenneth N. Crowley, Maura A. Murphy, Kathleen A. McGah and Christine McGeough as my attorneys-in-fact, each of whom may act individually on my behalf to execute and file any instrument or document required to be filed as part of, or in connection with or in any way related to, the Registration Statements and any and all amendments thereto filed by the Company under the Securities Act of 1933 (the "1933 Act") and/or the Investment Company Act of 1940 (the "1940 Act"), pertaining to all variable accounts of the Company and all variable products issued or to be issued by the Company, including but not limited to, the following:

Delaware Life Variable Account F (1940 Act Registration # 811-05846)

---

| | |
|:---|:---|
| 1933 Act File Nos. | 033-41628 (Regatta Gold and Regatta Platinum) |
|  | 333-74844 (Masters Flex) |
|  | 333-83516 (Masters Choice) |
|  | 333-83362 (Masters Extra) |
|  | 333-168712 (Masters Flex II) |
|  | 333-168710 (Masters Choice II) |
|  | 333-225901 (Masters Prime) |
|  | 333-238865 (Accelerator Prime) |

---

Delaware Life Variable Account G (1940 Act Registration # 811-07837)

1933 Act File Nos. 333-65048 (Futurity Corporate VUL) <br> 333-111688 (Large Case VUL)

Delaware Life Variable Account I (1940 Act Registration # 811-09137)

1933 Act File Nos. 333-143353 (Executive VUL) <br> 333-143354 (Prime VUL)

and to have full power and authority to do or cause to be done in my name, place and stead each and every act and thing necessary or appropriate in order to effectuate the same, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact or any of them, may do or cause to be done by virtue hereof.

This power will expire no later than May 7, 2027.

IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of the date and time stamp shown below.

---

| |
|:---|
| /s/ Curtis P. Steger |
| Curtis P. Steger |

---

------

DELAWARE LIFE INSURANCE COMPANY (THE "COMPANY")

POWER OF ATTORNEY

I, Daniel J. Towriss, hereby constitute and appoint Michael S. Bloom, Kenneth N. Crowley, Maura A. Murphy, Kathleen A. McGah and Christine McGeough as my attorneys-in-fact, each of whom may act individually on my behalf to execute and file any instrument or document required to be filed as part of, or in connection with or in any way related to, the Registration Statements and any and all amendments thereto filed by the Company under the Securities Act of 1933 (the "1933 Act") and/or the Investment Company Act of 1940 (the "1940 Act"), pertaining to all variable accounts of the Company and all variable products issued or to be issued by the Company, including but not limited to, the following:

Delaware Life Variable Account F (1940 Act Registration # 811-05846)

---

| | |
|:---|:---|
| 1933 Act File Nos. | 033-41628 (Regatta Gold and Regatta Platinum) |
|  | 333-74844 (Masters Flex) |
|  | 333-83516 (Masters Choice) |
|  | 333-83362 (Masters Extra) |
|  | 333-168712 (Masters Flex II) |
|  | 333-168710 (Masters Choice II) |
|  | 333-225901 (Masters Prime) |
|  | 333-238865 (Accelerator Prime) |

---

Delaware Life Variable Account G (1940 Act Registration # 811-07837)

1933 Act File Nos. 333-65048 (Futurity Corporate VUL) <br> 333-111688 (Large Case VUL)

Delaware Life Variable Account I (1940 Act Registration # 811-09137)

1933 Act File Nos. 333-143353 (Executive VUL) <br> 333-143354 (Prime VUL)

and to have full power and authority to do or cause to be done in my name, place and stead each and every act and thing necessary or appropriate in order to effectuate the same, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact or any of them, may do or cause to be done by virtue hereof.

This power will expire no later than May 7, 2027.

IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of the date and time stamp shown below.

---

| |
|:---|
| /s/ Daniel J. Towriss |
| Daniel J. Towriss |

---

------

DELAWARE LIFE INSURANCE COMPANY (THE "COMPANY")

POWER OF ATTORNEY

I, Fang L. Wang, hereby constitute and appoint Michael S. Bloom, Kenneth N. Crowley, Maura A. Murphy, Kathleen A. McGah and Christine McGeough as my attorneys-in-fact, each of whom may act individually on my behalf to execute and file any instrument or document required to be filed as part of, or in connection with or in any way related to, the Registration Statements and any and all amendments thereto filed by the Company under the Securities Act of 1933 (the "1933 Act") and/or the Investment Company Act of 1940 (the "1940 Act"), pertaining to all variable accounts of the Company and all variable products issued or to be issued by the Company, including but not limited to, the following:

Delaware Life Variable Account F (1940 Act Registration # 811-05846)

---

| | |
|:---|:---|
| 1933 Act File Nos. | 033-41628 (Regatta Gold and Regatta Platinum) |
|  | 333-74844 (Masters Flex) |
|  | 333-83516 (Masters Choice) |
|  | 333-83362 (Masters Extra) |
|  | 333-168712 (Masters Flex II) |
|  | 333-168710 (Masters Choice II) |
|  | 333-225901 (Masters Prime) |
|  | 333-238865 (Accelerator Prime) |

---

Delaware Life Variable Account G (1940 Act Registration # 811-07837)

1933 Act File Nos. 333-65048 (Futurity Corporate VUL) <br> 333-111688 (Large Case VUL)

Delaware Life Variable Account I (1940 Act Registration # 811-09137)

1933 Act File Nos. 333-143353 (Executive VUL) <br> 333-143354 (Prime VUL)

and to have full power and authority to do or cause to be done in my name, place and stead each and every act and thing necessary or appropriate in order to effectuate the same, as fully to all intents and purposes as I might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact or any of them, may do or cause to be done by virtue hereof.

This power will expire no later than May 7, 2027.

IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of the date and time stamp shown below.

---

| |
|:---|
| /s/ Fang L. Wang |
| Fang L. Wang |

---

## Ex-99.(Q)

![LOGO](g101523dsp1.jpg)

**DELAWARE LIFE INSURANCE COMPANY** 

**<u>Assistant Secretary's Certificate</u>** 

I, Maryellen Percuoco, Assistant Secretary of Delaware Life Insurance Company, a Delaware corporation (the "Corporation"), DO HEREBY CERTIFY that at a meeting of the Board of Directors of said Company duly held on April 14, 2026, the following resolution was duly adopted and such resolution has not since been modified or rescinded and is in full force and effect on the date hereof:

**"<u>Annual Authorization of SEC Powers of Attorney</u>** 

RESOLVED, that for the purposes of facilitating the execution and filing of any registration statements of the Company or its separate accounts and any amendments under the Securities Act of 1933 and the Investment Company Act of 1940, the Chief Executive Officer, the Chief Financial Officer and the Chief Accounting Officer of the Company (collectively, the "Officers") are each hereby authorized to designate as their attorneys and agents the General Counsel of the Company, and/or such other attorneys or other agents of the Company as the General Counsel may designate, and each such Officer is further authorized to execute and deliver to the designated individuals a written power of attorney authorizing such individuals to execute, deliver, and file in such Officer's name, on behalf of the Company or its separate accounts, any such registration statement or amendment thereto."

WITNESS my hand this 16<sup>th</sup> day of April 2026.

---

| |
|:---|
| /s/ Maryellen Percuoco |
|  Maryellen Percuoco |
|  Assistant Secretary |

---

## Ex-99.(R)

EXHIBIT 15

**Organization Chart** 

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Jurisdiction** | **% of**<br>**Voting**<br>**Shares** | **Principal**<br>**Business** |
|  TWG Financial Holdings, LLC | Delaware |  | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001, Inc. | Delaware | 91.89% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 Capital, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 Finance Company, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 Investment Holdings, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 Equity Holdings, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evolution of Sports, Inc. | Delaware | 78.76% | Marketing |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 Insurance Holdings, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 Advisory Services, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Health Holdings, LLC<sup>1</sup> | Delaware | N/A | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Health Management Services, LLC | Delaware | 100% | 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; Clear Spring Health of Illinois, Inc. | Illinois | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Health Insurance Company | Arizona | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Health (CO), Inc. | Colorado | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Health (VA), Inc. | Virginia | 100% | Corporation |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Health Community Care, Inc. | Illinois | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eon Health Plan, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Health (GA), Inc. | Georgia | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Health (SC), Inc. | South Carolina | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Healthcare Distribution Partners, LLC | Delaware | 100% | Insurance Agency |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Health Administrative Services, LLC | Delaware | 100% | 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; Clear Spring Health Advisory Services, LLC | Delaware | 100% | 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; Advisor Advantage Marketing, LLC | Delaware | 100% | Services |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 Distribution Holdings, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gainbridge Insurance Agency, LLC | Delaware | 100% | Insurance Agency |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gainbridge Loyalty Services, LLC | Delaware | 100% | 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; Gainbridge Risk Solutions | Delaware | 100% | 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; Gainbridge P&C Services, LLC | Delaware | 100% | 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; Vesper Risk, LLC | Delaware | 100% | Services |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 Services, Inc. | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; G1001 Innovation Group, LLC | Delaware | 100% | 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; G1001 Advisory Resources, LLC | Delaware | 100% | 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; Group 1001 Resources, LLC | Delaware | 100% | 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; PSA Realty Company | Pennsylvania | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 Indiana Holdings, LLC | Indiana | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 IP Holdings, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 IP Properties, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 IP Lab, LLC | Delaware | 100% | 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;&nbsp;&nbsp;&nbsp;&nbsp; Group 1001 IP Development, LLC | Delaware | 100% | 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; Group 1001 IP Solutions, LLC | Delaware | 100% | 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;&nbsp;&nbsp;&nbsp;&nbsp; AxiaTP Holdings, LLC | Delaware | 90% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axia Technology Partners, LLC | Indiana | 100% | 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; Group 1001 Portfolio Services, LLC | Delaware | 100% | Services |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DLIC Holdings, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Armstrong STF IV, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wright STF III, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life (Bermuda) Holdings, Inc. | Delaware | 100% | Holding Co. |

---

<sup>1</sup> Clear Spring Health Holdings, LLC is managed by Group 1001 Insurance Holdings, LLC.

------

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Jurisdiction** | **% of**<br>**Voting**<br>**Shares** | **Principal**<br>**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; Delaware Life Marketing, LLC | Delaware | 100% | Insurance Agency |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Daltonville Capital, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Danetown Funding, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DLIC Sub-Holdings, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Insurance Company<sup>2</sup> | Delaware | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account A | Delaware | 100% | Inactive |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account B | Delaware | 100% | Inactive |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account C<sup>4</sup> | Delaware | 100% | VA<sup>3</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account D<sup>4</sup> | Delaware | 100% | VA |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account E<sup>4</sup> | Delaware | 100% | VUL<sup>4</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account F<sup>5</sup> | Delaware | 100% | VA |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account G<sup>4</sup> | Delaware | 100% | VUL |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account H<sup>5</sup>  | Delaware | 100% | VUL |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account I<sup>4</sup> | Delaware | 100% | VUL |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account K | Delaware | 100% | Inactive |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account L<sup>4</sup> | Delaware | 100% | VA |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account M<sup>5</sup>  | Delaware | 100% | VUL |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account N | Delaware | 100% | Inactive |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Variable Account O | Delaware | 100% | Inactive |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DL Private Variable Account A<sup>5, 6</sup> | Delaware | 100% | VA & VUL |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Keyport Life Ins. Co. Separate Account P<sup>5, 6</sup> | Delaware | 100% | VA & VUL |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Keyport Life Ins. Co. Separate Account Q<sup>5, 6</sup> | Delaware | 100% | VA & VUL |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Separate Account R | Delaware | 100% | Inactive |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life Separate Account S<sup>5, 6</sup>  | Delaware | 100% | VA & VUL |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KMA Variable Account<sup>4</sup> | Delaware | 100% | VA |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Keyport Variable Account A<sup>4</sup> | Delaware | 100% | VA |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Keyport Variable Account I<sup>4</sup> | Delaware | 100% | VUL |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life WSA Separate Account | Delaware | 100% | Inactive |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life and Annuity Company | Delaware | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delaware Life 1099 Reporting Company, LLC | Delaware | 100% | 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;&nbsp;&nbsp;&nbsp;&nbsp; Vanguard 2025 TE Member, LLC | Delaware | 65% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Park – Onyx TE Holdings, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Park – Blue Path TE Holdings, LLC | Delaware | 60% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Park – Dimension TE Holdings, LLC | Delaware | 99.99% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155 W 66TH Street, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 JFK Street, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220 Williams Street, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 706 Mission RE-SF, Inc. | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10555 Group 1001 Way, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1266 Storrs Road, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1301 Hillsborough Street, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1475 N. High Street, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800 Naismith Drive, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2707 Rio Grande Street, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1047 Comm Ave, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DL Reinsurance Company | Delaware | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DL Private Placement Investment Company I, LLC | Delaware | 100% | PPVUL<sup>6</sup>/PPVA<sup>7</sup> |

---

<sup>2</sup> Statutory basis financial statements are filed with the SEC

<sup>3</sup> Variable Annuity

<sup>4</sup> Variable Universal Life

<sup>5</sup> Separate financial statements are filed with the SEC

<sup>6</sup> Private Placement Variable Universal Life

<sup>7</sup> Private Placement Variable Annuity

------

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Jurisdiction** | **% of**<br>**Voting**<br>**Shares** | **Principal**<br>**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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarendon Insurance Agency, Inc. | Massachusetts |  | Broker Dealer |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DLIC Depositor FRR1, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DLIC MOA FRR1, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DL Investment Holdings 2016-1, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DL Investment Holdings 2016-2, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DL MH Resi Trust | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DL Service Holdings, LLC | Alaska | 100% | Inactive |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DL Residential Mortgage Trust | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IDF IX, LLC | Delaware | 100% | PPVUL |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCS Franklin Park, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ellendale Insurance Agency, LLC | Delaware | 100% | Insurance Agency |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EDIA Funding III, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EDL Holdings, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EDIA Funding II, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ELND Collateral Company II, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EDL Holdings II, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring PC Holdings, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring PC Acquisition Corp. | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Property and Casualty Company | Indiana | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1965 Broadway PC II, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Casualty Insurance Company | Indiana | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring American Insurance Company | Indiana | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring National Insurance Company | Indiana | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSLIC Holdings, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STFP Aggregator I, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STFP Aggregator II, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STFP Aggregator III, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GL Acquisition Defeasance Co., LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Life Marketing, LLC | Delaware | 100% | Insurance Agency |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grayson Road Capital, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grovewood Funding, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Life and Annuity Company | Delaware | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gainbridge Life Insurance Company | Delaware | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gainbridge Life 1099 Reporting Company, LLC | Delaware | 100% | 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; Elsmere Insurance Agency, LLC | Delaware | 100% | Insurance Agency |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Efland Funding 2015-4, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Efland Funding 2016-2, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ELSL Funding V, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ELSL Funding VII, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elsmere Renewable Energy, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CL Investment Holdings 2022-1, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GLAC GBM Investco, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSLAC Investment Holdings, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSLAC Investment Holdings II, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSLAC Investment Holdings III, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSLAC Real Estate, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clear Spring Life 1099 Reporting Company, LLC | Delaware | 100% | 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; IDF I, LLC | Delaware | 100% | Investment |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Jurisdiction** | **% of**<br>**Voting**<br>**Shares** | **Principal**<br>**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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IDF II, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paragon GBM Investco, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Renewable Energy Investors, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retail Investors III, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FD Orange Beach 859, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GW Phoenix 799, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TLEXP Ellisville 926, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TLEXP Overland Park 978, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TLEXP St. Peters 899, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GM Lansing 824, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JL Milwaukee 1397, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JL Plover 1320, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JL Princeton 1332, LLC | Delaware | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vanguard 2025 TE Member, LLC | Delaware | 35% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Park – Blue Path TE Holdings, LLC | Delaware | 32% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Park 2023 FCE Tax Equity Fund, LLC | Delaware | 80% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; R.V.I. Manager, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; R.V.I. Holdings, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; R.V.I. Acquisition Holdings, LLC | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; R.V.I. Guaranty Co., Ltd. | Bermuda | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4646 West Sam Houston Parkway North, LLC | Texas | 100% | Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; R.V.I America Corporation | Delaware | 100% | Holding Co. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; R.V.I. America Insurance Company | Delaware | 100% | Insurance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; R.V.I. Services Co., Inc. | Connecticut | 100% | 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transition Services, Inc. | Delaware | 100% | 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RVI Analytical Services, Inc. | Delaware | 100% | Services |

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## Ex-99.(S)

**Consent of Independent Registered Public Accounting Firm** 

We consent to the use of our report dated April 23, 2026, with respect to the financial statements of Delaware Life Variable Account F, incorporated herein by reference, and to the reference to our firm under the heading "Experts" in the Statement of Additional Information.

/s/ KPMG LLP

Boston, Massachusetts

June 26, 2026

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**Consent of Independent Registered Public Accounting Firm** 

We consent to the use of our report dated June 26, 2026, with respect to the statutory financial statements of Delaware Life Insurance Company, incorporated herein by reference, and to the reference to our firm under the heading "Experts" in the Statement of Additional Information.

/s/ KPMG LLP

Hartford, Connecticut

June 26, 2026