# EDGAR Filing Document

**Accession Number:** 0000853285
**File Stem:** 0001193125-26-289936
**Filing Date:** 2026-6
**Character Count:** 1764783
**Document Hash:** 6b9bc0ab7dcb95f75bf6177d5df06f84
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-289936.hdr.sgml**: 20260630

**ACCESSION NUMBER**: 0001193125-26-289936

**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:** 261139220

**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:** 333-83516
- **FILM NUMBER:** 261139219

**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   |
|:---|:---|:---|
| C000021928 | Masters Choice, Futurity Select Seven, and Columbia All-Star Traditions |  |

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

**REGISTRATION NO. 333-83516**

**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. 63** |
| **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

------

**MASTERS CHOICE VARIABLE ANNUITY** <br>**PROSPECTUS**

**June 30, 2026**

This Prospectus describes the Masters Choice 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, fixed investment. 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 Account 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/866793342?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/866793342?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_9b0db4a6-b396-4f65-a411-b815ccf1dad6_1) | 6 |
| [OVERVIEW OF THE CONTRACT](#xx_9b0db4a6-b396-4f65-a411-b815ccf1dad6_2) | 7 |
| [IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE CONTRACT](#xx_9b0db4a6-b396-4f65-a411-b815ccf1dad6_4) | 9 |
| [FEE TABLE](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_1) | 13 |
| [PRINCIPAL RISKS OF INVESTING IN THE CONTRACT](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_4) | 16 |
| [COMMUNICATING TO US ABOUT YOUR CONTRACT](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_6) | 18 |
| [DELAWARE LIFE INSURANCE COMPANY](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_7) | 19 |
| [THE VARIABLE ACCOUNT](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_7) | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Selection of Funds](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_8) | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Fund Restrictions](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_8) | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Voting of Fund Shares](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_9) | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Payments We Receive](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_9) | 21 |
| [THE FIXED ACCOUNT](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_10) | 22 |
| [THE FIXED OPTIONS - THE GUARANTEE PERIODS](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_10) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Guarantee Periods](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_10) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Guaranteed Interest Rates](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_11) | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Early Withdrawals](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_11) | 23 |
| [THE ACCUMULATION PHASE](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_11) | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Issuing Your Contract](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_12) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Amount and Frequency of Purchase Payments](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_12) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Allocation of Net Purchase Payments](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_12) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Your Account](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_12) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Your Account Value](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_12) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Variable Account Value](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_13) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Fixed Account Value](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_13) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Transfer Privilege](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_14) | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_17) | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Other Programs](#xx_5320f841-8d48-4781-ad88-a0a92efe0aa5_18) | 30 |
| [BENEFITS AVAILABLE UNDER THE CONTRACT](#xx_c67b9937-3da1-4c05-9250-b0e761652723_1) | 34 |
| [WITHDRAWALS, WITHDRAWAL CHARGES, AND MARKET VALUE ADJUSTMENT](#xx_c67b9937-3da1-4c05-9250-b0e761652723_21) | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Cash Withdrawals](#xx_c67b9937-3da1-4c05-9250-b0e761652723_21) | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Withdrawal Charge](#xx_c67b9937-3da1-4c05-9250-b0e761652723_22) | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Types of Withdrawals not Subject to Withdrawal Charge](#xx_c67b9937-3da1-4c05-9250-b0e761652723_24) | 57 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Market Value Adjustment](#xx_c67b9937-3da1-4c05-9250-b0e761652723_24) | 57 |
| [CONTRACT CHARGES](#xx_c67b9937-3da1-4c05-9250-b0e761652723_26) | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Account Fee](#xx_c67b9937-3da1-4c05-9250-b0e761652723_26) | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Administrative Expense Charge and Distribution Fee](#xx_c67b9937-3da1-4c05-9250-b0e761652723_26) | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Mortality and Expense Risk Charge](#xx_c67b9937-3da1-4c05-9250-b0e761652723_26) | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Charges for Optional Benefits](#xx_c67b9937-3da1-4c05-9250-b0e761652723_27) | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Premium Taxes](#xx_c67b9937-3da1-4c05-9250-b0e761652723_27) | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Fund Expenses and Restrictions](#xx_c67b9937-3da1-4c05-9250-b0e761652723_28) | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Modification in the Case of Group Contracts](#xx_c67b9937-3da1-4c05-9250-b0e761652723_28) | 61 |
| [OPTIONAL LIVING BENEFIT: INCOME RISER](#xx_c67b9937-3da1-4c05-9250-b0e761652723_28) | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Determining Your Withdrawal Benefit Base](#xx_c67b9937-3da1-4c05-9250-b0e761652723_30) | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Determining Your Annual Withdrawal Amount](#xx_c67b9937-3da1-4c05-9250-b0e761652723_30) | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [How SIR Works](#xx_c67b9937-3da1-4c05-9250-b0e761652723_31) | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Withdrawals Under SIR](#xx_c67b9937-3da1-4c05-9250-b0e761652723_33) | 66 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Cost of SIR](#xx_c67b9937-3da1-4c05-9250-b0e761652723_36) | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Step-Up Under SIR](#xx_c67b9937-3da1-4c05-9250-b0e761652723_37) | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Joint-Life Coverage](#xx_c67b9937-3da1-4c05-9250-b0e761652723_38) | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Cancellation of SIR](#xx_c67b9937-3da1-4c05-9250-b0e761652723_39) | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Death of Participant Under SIR with Single-Life Coverage](#xx_c67b9937-3da1-4c05-9250-b0e761652723_40) | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Death of Participant Under SIR with Joint-Life Coverage](#xx_c67b9937-3da1-4c05-9250-b0e761652723_40) | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuitization Under SIR](#xx_c67b9937-3da1-4c05-9250-b0e761652723_41) | 74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Tax Issues Under SIR](#xx_c67b9937-3da1-4c05-9250-b0e761652723_41) | 74 |
| [DESIGNATED FUNDS](#xx_c67b9937-3da1-4c05-9250-b0e761652723_42) | 75 |
| [BUILD YOUR OWN PORTFOLIO](#xx_c67b9937-3da1-4c05-9250-b0e761652723_43) | 76 |
| [DEATH BENEFIT](#xx_c67b9937-3da1-4c05-9250-b0e761652723_43) | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Amount of Death Benefit](#xx_c67b9937-3da1-4c05-9250-b0e761652723_44) | 77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [The Basic Death Benefit](#xx_c67b9937-3da1-4c05-9250-b0e761652723_44) | 77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Optional Death Benefit](#xx_c67b9937-3da1-4c05-9250-b0e761652723_44) | 77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Spousal Continuance](#xx_c67b9937-3da1-4c05-9250-b0e761652723_45) | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Calculating the Death Benefit](#xx_c67b9937-3da1-4c05-9250-b0e761652723_45) | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Method of Paying Death Benefit](#xx_c67b9937-3da1-4c05-9250-b0e761652723_45) | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Qualified Contracts](#xx_c67b9937-3da1-4c05-9250-b0e761652723_46) | 79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Non-Qualified Contracts](#xx_c67b9937-3da1-4c05-9250-b0e761652723_46) | 79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Selection and Change of Beneficiary](#xx_c67b9937-3da1-4c05-9250-b0e761652723_47) | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Payment of Death Benefit](#xx_c67b9937-3da1-4c05-9250-b0e761652723_47) | 80 |
| [THE INCOME PHASE - ANNUITY PROVISIONS](#xx_c67b9937-3da1-4c05-9250-b0e761652723_47) | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Selection of Annuitant(s)](#xx_c67b9937-3da1-4c05-9250-b0e761652723_47) | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Selection of the Annuity Commencement Date](#xx_c67b9937-3da1-4c05-9250-b0e761652723_48) | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuity Options](#xx_c67b9937-3da1-4c05-9250-b0e761652723_48) | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Selection of Annuity Option](#xx_c67b9937-3da1-4c05-9250-b0e761652723_49) | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Amount of Annuity Payments](#xx_c67b9937-3da1-4c05-9250-b0e761652723_49) | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Transfer of Variable Annuity Units](#xx_c67b9937-3da1-4c05-9250-b0e761652723_50) | 83 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Account Fee](#xx_c67b9937-3da1-4c05-9250-b0e761652723_51) | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuity Payment Rates](#xx_c67b9937-3da1-4c05-9250-b0e761652723_51) | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuity Options as Method of Payment for Death Benefit](#xx_c67b9937-3da1-4c05-9250-b0e761652723_51) | 84 |
| [GENERAL INFORMATION](#xx_c67b9937-3da1-4c05-9250-b0e761652723_51) | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Electronic Account Information](#xx_c67b9937-3da1-4c05-9250-b0e761652723_51) | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Exercise of Contract Rights](#xx_c67b9937-3da1-4c05-9250-b0e761652723_51) | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Change of Ownership](#xx_c67b9937-3da1-4c05-9250-b0e761652723_52) | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Reports to Owners](#xx_c67b9937-3da1-4c05-9250-b0e761652723_52) | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Substitution of Securities](#xx_c67b9937-3da1-4c05-9250-b0e761652723_53) | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Change in Operation of Variable Account](#xx_c67b9937-3da1-4c05-9250-b0e761652723_53) | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Splitting Units](#xx_c67b9937-3da1-4c05-9250-b0e761652723_53) | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Modification](#xx_c67b9937-3da1-4c05-9250-b0e761652723_53) | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Discontinuance of New Participants](#xx_c67b9937-3da1-4c05-9250-b0e761652723_54) | 87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Reservation of Rights](#xx_c67b9937-3da1-4c05-9250-b0e761652723_54) | 87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Right to Return](#xx_c67b9937-3da1-4c05-9250-b0e761652723_54) | 87 |
| [TAX PROVISIONS](#xx_c67b9937-3da1-4c05-9250-b0e761652723_54) | 87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [U.S. Federal Income Tax Provisions](#xx_c67b9937-3da1-4c05-9250-b0e761652723_55) | 88 |
| [ADMINISTRATION OF THE CONTRACT](#xx_c67b9937-3da1-4c05-9250-b0e761652723_65) | 98 |
| [DISTRIBUTION OF THE CONTRACT](#xx_c67b9937-3da1-4c05-9250-b0e761652723_65) | 98 |
| [AVAILABLE INFORMATION](#xx_c67b9937-3da1-4c05-9250-b0e761652723_66) | 99 |
| [STATE REGULATION](#xx_c67b9937-3da1-4c05-9250-b0e761652723_67) | 100 |
| [LEGAL PROCEEDINGS](#xx_c67b9937-3da1-4c05-9250-b0e761652723_68) | 101 |

---

------

---

| | |
|:---|:---|
| [FINANCIAL STATEMENTS](#xx_c67b9937-3da1-4c05-9250-b0e761652723_68) | 101 |
| [APPENDIX A - INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT](#xx_7ca9b80f-05d1-4aca-b6e6-14edcf253398_1) | 102 |
| [APPENDIX B - LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS](#xx_5b6c9f27-6b09-4103-ae08-9901292751cc_1) | 109 |
| [APPENDIX C - GLOSSARY](#xx_715a850b-217e-4e29-b015-ab7db7676b19_1) | 117 |
| [APPENDIX D - WITHDRAWALS, WITHDRAWAL CHARGES, & MARKET VALUE ADJUSTMENT](#xx_0b4067c5-8769-4280-b5bf-e4533cde35ee_1) | 121 |
| [APPENDIX E - CALCULATION OF FREE WITHDRAWAL AMOUNT](#xx_a1070f30-423c-4f70-aa55-bfc6a7c7b8d9_1) | 124 |
| [APPENDIX F - OPTIONAL DEATH BENEFITS AND EXAMPLES](#xx_ea976990-664d-470e-8a44-147a43053fbe_1) | 125 |
| [APPENDIX G - SECURED RETURNS FOR LIFE](#xx_2dc8f057-9b59-4393-a5c2-d8dea3ffa2b6_1) | 131 |
| [APPENDIX H - SECURED RETURNS](#xx_c2365963-25cc-4fed-b7d8-99c01ae96705_1) | 151 |
| [APPENDIX I - SECURED RETURNS 2](#xx_672e115c-1e07-448c-b0f9-8b6e0aeba23b_1) | 157 |
| [APPENDIX J - SECURED RETURNS FOR LIFE PLUS](#xx_ae7f417e-9957-45c8-9f8c-1a9ce65a7f7a_1)<sup>SM</sup> | 166 |
| [APPENDIX K - RETIREMENT INCOME ESCALATOR](#xx_6b1ae3c2-1352-4ab8-ba26-d16579142622_1)<sup>SM</sup> | 198 |
| [APPENDIX L - Income ON Demand](#xx_c7d1bdd7-4a39-43ef-96f4-606c299b870f_1)<sup>®</sup> | 210 |
| [APPENDIX M - INCOME ON DEMAND](#xx_487cbc04-f942-4c75-bd18-d847840ccde6_1)<sup>®</sup>[II](#xx_487cbc04-f942-4c75-bd18-d847840ccde6_1) | 222 |
| [APPENDIX N - Income ON Demand](#xx_2521fe74-4d4a-41cd-a6cb-d9554e130e3c_1)<sup>®</sup>[II Plus](#xx_2521fe74-4d4a-41cd-a6cb-d9554e130e3c_1) | 237 |
| [APPENDIX O - RETIREMENT INCOME ESCALATOR](#xx_b2039325-90e3-41dc-a938-debe773108f1_1)<sup>SM</sup>[II](#xx_b2039325-90e3-41dc-a938-debe773108f1_1) | 255 |
| [APPENDIX P - Income ON Demand](#xx_aa70cf1d-6ca8-450a-ac20-ded3d1f364de_1)<sup>®</sup>[II Escalator](#xx_aa70cf1d-6ca8-450a-ac20-ded3d1f364de_1) | 271 |
| [APPENDIX Q - RETIREMENT ASSET PROTECTOR](#xx_a62f5068-dd4f-4004-8c5e-144b08c89342_1)<sup>SM</sup> | 288 |
| [APPENDIX R - Income ON Demand](#xx_868c1f74-1153-4434-9229-f54c48a2ff14_1)<sup>®</sup>[III Escalator](#xx_868c1f74-1153-4434-9229-f54c48a2ff14_1) | 294 |

---

------

**SPECIAL TERMS**

Your Contract is a legal document that uses a number of specially defined terms. We explain most of the capitalized terms that we use in this Prospectus in the context where they arise, and some are self-explanatory. In addition, for convenient reference, we have compiled a list of these capitalized terms in the Glossary included at the back of this Prospectus as Appendix C. If, while you are reading this Prospectus, you come across a capitalized term that you do not understand, please refer to the Glossary for an explanation.

In this Prospectus, unless we state otherwise, we refer to both the owners of Individual Contracts and participating individuals under Group Contracts as "Participants" and we address all Participants as "you"; we use the term "Contracts" to include Individual Contracts, Group Contracts, and Certificates issued under Group Contracts. For the purpose of determining benefits under both Individual Contracts and Group Contracts, we establish an Account for each Participant, which we will refer to as "your" Account or a "Participant Account."

------

**OVERVIEW OF THE CONTRACT** 

**Purpose** 

The Contract provides a number of important benefits for your retirement planning. 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 also provides a death benefit and optional death benefits if you die during the Accumulation Phase, and optional living benefits to provide guaranteed income.

The Contract may be appropriate for you if you have a long investment time horizon and your financial goals are consistent with the terms and conditions of the Contract. It is not designed for short-term investing or speculation. Persons wishing to employ such strategies should not purchase a Contract. The Contract is not appropriate for you if you intend to make early or frequent withdrawals due to your liquidity needs, or if you intend to frequently trade in the Contract's Variable Options.

**Phases of the Contract** 

The Contract has two phases: (1) an Accumulation Phase (for savings) and (2) an Income Phase (for income).

&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 Contract's Investment Options, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Variable Options (also referred to as Variable Account options or Sub-Accounts), which have different underlying 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, guarantee principal and interest for Guarantee Periods of one or more years. The Dollar-Cost Averaging (or "DCA") Program is also a Fixed Option. The only Fixed Options we are currently offering are 6-month and 12-month DCA Program options.

***Additional information about each Fund is provided in an appendix to this prospectus. See APPENDIX A – INVESTMENT OPTIONS AVAILABLE UNDER THE CONTRACT.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Income Phase.** If you want to receive regular income from your annuity after the Annuity Commencement Date, you can select one of several Annuity Options. You can choose to receive annuity payments from either the Fixed Account or from the available Variable Account options. If you choose to have any part of your annuity payments come from the Variable Account, the dollar amount of the payments may fluctuate with the performance of the Funds. Subject to the maximum Annuity Commencement Date, you decide when your Income Phase will begin but, once it begins, you cannot change your choice of annuity payment option. During the Income Phase, you will not be able to take withdrawals of Account Value. We do not pay a death benefit if you die during the Income Phase. However, the Beneficiary will, subject to requirements under federal tax laws, receive any remaining payments provided under the Annuity Option that is in effect. Optional living benefits may 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 federal 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Optional Living Benefits.** The Contract has optional living benefits that provide guaranteed income. You can elect only one living benefit and the election must be made before the Issue Date. You may terminate a living benefit at any time; once terminated, a living benefit cannot be reinstated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● A living benefit offers guaranteed income withdrawal benefits which provide for annual withdrawal payments, even if the Account Value declines to zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You will pay an additional annual fee, deducted on a quarterly basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● All of your Account Value must be invested in Designated Funds at all times, and if using an asset allocation model, must comply with minimum and maximum allocation percentage ranges during the term of your optional living benefit. See **APPENDIX B - LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS** for further information. Failure to comply with the applicable investment restrictions will result in the termination of your living benefit. We reserve the right to declare that a particular Investment Option no longer qualifies as a Designated Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The amount and frequency of Purchase Payments may be limited, depending on the optional living benefit you have elected.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Basic and Optional Death Benefits.** If you die during the Accumulation Phase, the Beneficiary will receive a death benefit. The contract includes a Basic Death Benefit at no additional cost. If you elect one of the Contract's optional death benefits for an additional ongoing charge, a greater amount may be payable on death. Your election of an optional death benefit must be made on or before the Issue Date.

&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 three automatic transfer programs (Dollar Cost Averaging (or "DCA") Program, Asset Allocation Program and Portfolio Rebalancing Program) and two automatic withdrawal programs (Systematic Withdrawal Program and Interest Out Program).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Credit.** If your Purchase Payments or Account Value exceeds $1 million on your Account Anniversary, an amount equal to 0.15% of your Account Value will be credited to your Account on that date and on every subsequent Account Anniversary during the Accumulation Phase. The 0.15% credit is not a Purchase Payment and therefore no withdrawal charges are directly associated with the credit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Withdrawal Charge Waiver.** At no additional charge, the Contract includes an annual free withdrawal amount and a nursing home waiver. Withdrawals 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;● **Travel Assistance Program.** If your Contract had an Open Date before January 11, 2010, and the program was approved in your state, this program provides, at no additional cost, a number of travel-related services, provided by a third party we designate, when the person covered is 100 miles or more away from home.

&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, Fund shareholder reports, and certain other communications in electronic format instead of delivering 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 up <br> to 8.0% (as a percentage of Purchase Payments withdrawn), declining to 0% <br> over that time period.<br> For example, if you make a withdrawal, you could pay a withdrawal charge <br> of up to $8,000 on a $100,000 investment. This loss will be greater if there <br> are taxes or tax penalties. | &nbsp;&nbsp; **Fee Table –** <br> **Transaction** <br> **Expenses**<br> **Withdrawals,** <br> **Withdrawal** <br> **Charges, and** <br> **Market Value** <br> **Adjustment**<br>|
| **Are There** <br> **Transaction**<br> **Charges?**<br>| &nbsp;&nbsp; **Yes**. In addition to charges for early withdrawals, you may also be charged <br> for other transactions. There may be taxes on Purchase Payments and <br> charges for transfers between Investment Options. Currently, we do not <br> charge for transfers. However, we reserve the right to charge $15 per <br> transfer. There may be fees for wire transfers or other expedited forms of <br> payment of Contract proceeds. | &nbsp;&nbsp; **Fee Table -** <br> **Transaction** <br> **Expenses**<br> **Transfer Privilege**<br> **Contract Charges**<br>|
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; **Yes.** The table below describes the fees and expenses that you may pay *each* <br> *year*, depending on the Investment Options and optional benefits you <br> choose. Please refer to your Contract specifications page for information <br> about the specific fees you will pay *each* year based on the Investment <br> Options you have elected. | &nbsp;&nbsp; **Fee Table -** <br> **Transaction** <br> **Expenses**<br> **Contract Charges**<br> **Benefits Available** <br> **Under the** <br> **Contract**<br> **Appendix A –** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?** | **Annual Fee** | &nbsp;&nbsp; **Fee Table -** <br> **Transaction** <br> **Expenses**<br> **Contract Charges**<br> **Benefits Available** <br> **Under the** <br> **Contract**<br> **Appendix A –** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?** | Base contract<br>1.35%<sup>1,2</sup> | &nbsp;&nbsp; **Fee Table -** <br> **Transaction** <br> **Expenses**<br> **Contract Charges**<br> **Benefits Available** <br> **Under the** <br> **Contract**<br> **Appendix A –** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Investment Options<br> (Fund fees and expenses)<br>0.66%<sup>3</sup><br>3.38%<sup>3</sup> | &nbsp;&nbsp; **Fee Table -** <br> **Transaction** <br> **Expenses**<br> **Contract Charges**<br> **Benefits Available** <br> **Under the** <br> **Contract**<br> **Appendix A –** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Optional Benefits Available for an <br> Additional Charge (for a single <br> optional benefit, if elected)<br>0.20%<sup>1</sup><br>1.30%<sup>4</sup> | &nbsp;&nbsp; **Fee Table -** <br> **Transaction** <br> **Expenses**<br> **Contract Charges**<br> **Benefits Available** <br> **Under the** <br> **Contract**<br> **Appendix A –** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp;&nbsp;&nbsp; <br><sup>1</sup> As a percentage of average daily net Variable Account assets.<br> <sup>2</sup> <br>For Contracts purchased prior to March 5, 2007, if you were age 76 or older on the <br> Contract's Open Date, the rate is 1.55%.<br> <sup>3</sup> <br>As a percentage of Fund net assets.<br> <sup>4</sup> <br>As a percentage of the highest Withdrawal Benefit Base (for the Income Riser Living <br> Benefit or highest Fee Base (for the Income ON Demand III Escalator Living Benefit) <br> during the Account Year. | &nbsp;&nbsp; **Fee Table -** <br> **Transaction** <br> **Expenses**<br> **Contract Charges**<br> **Benefits Available** <br> **Under the** <br> **Contract**<br> **Appendix A –** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |
| **Are There** <br> **Ongoing Fees** <br> **and Expenses?** | &nbsp;&nbsp; Because your Contract is customizable, the choices you make affect how <br> much you will pay. To help you understand the cost of owning your Contract, <br> the following table shows the lowest and highest cost you could pay *each* <br> year, based on current charges. This estimate assumes that you do not take <br> withdrawals from the Contract, **which could add withdrawal charges that** <br> **substantially increase costs.** | &nbsp;&nbsp; **Fee Table -** <br> **Transaction** <br> **Expenses**<br> **Contract Charges**<br> **Benefits Available** <br> **Under the** <br> **Contract**<br> **Appendix A –** <br> **Investment** <br> **Options Available** <br> **Under the** <br> **Contract** |

---

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

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

------

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

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

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

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

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**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)<br> 8%<sup>1</sup>  |
| 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 | 8% |
| 2 | 7% |
| 3 | 6% |
| 4 | 5% |
| 5 | 4% |
| 6 | 3% |
| 7 or more | 0% |
| **Exchange Fee** (per transfer after 12th transfer in an Account Year) | **Exchange Fee** (per transfer after 12th transfer in an Account Year)<br> &nbsp;&nbsp; $15<sup>2</sup> <br> (Currently $0)<br>|

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<sup>1</sup>

A portion of your Account Value may be withdrawn each year without imposition of any withdrawal charge and, after a Purchase Payment has been in your Account for seven Account Years, it may be withdrawn free of the withdrawal charge. (See "Withdrawal Charge.")

<sup>2</sup>

Currently, we impose no fee upon transfers; however, we reserve the right to impose a fee of up to $15 per transfer. We do impose certain restrictions upon the number and frequency of transfers. (See "Transfer Privilege.")

**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> | &nbsp;&nbsp; $50 |
| **Base Contract Expenses**<sup>2</sup> (as a percentage of average Variable Account Value) | &nbsp;&nbsp; 1.35% |

---

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

---

| | |
|:---|:---|
| **Optional Benefit Expenses** | **Maximum**<sup>3</sup> <br> **Charge**<br>|
| &nbsp;&nbsp;&nbsp; Maximum Anniversary Account Value ("MAV")(as a percentage of the Variable Account <br> Value)<sup>4,5</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.40% |
| 5% Premium Roll-Up<sup>4,6</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.20% |
| Earnings Enhancement Benefit Premier<sup>4,6</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.25% |
| Earnings Enhancement Benefit Premier with MAV<sup>4,5,6</sup>  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.40% |

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| | |
|:---|:---|
| **Optional Benefit Expenses** | **Maximum**<sup>3</sup><br> **Charge**<br>|
| Earnings Enhancement Benefit Premier with 5% Roll-Up<sup>4,6</sup>  | &nbsp;&nbsp;&nbsp;&nbsp; 0.40% |
| Earnings Enhancement Benefit Premier Plus<sup>4,6</sup>  | &nbsp;&nbsp;&nbsp;&nbsp; 0.40% |
| &nbsp;&nbsp;&nbsp; Income Riser Living Benefit<sup>7,8</sup> (as a percentage of the highest Withdrawal Benefit Base<sup>10</sup> during the Account Year)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.30% |
| Secured Returns Living Benefit<sup>7,9</sup> (as a percentage of average daily net assets) | &nbsp;&nbsp;&nbsp;&nbsp; 0.40%<sup>11</sup>  |
| &nbsp;&nbsp;&nbsp; Secured Returns for Life Plus, Secured Returns for Life or Secured Returns 2 Living Benefits<sup>7,9</sup> <br> (as a percentage of the highest Account Value during the Account Year)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%<sup>11</sup>  |
| &nbsp;&nbsp;&nbsp; Retirement Income Escalator Living Benefit<sup>7,9</sup> (as a percentage of the highest Withdrawal <br> Benefit Base<sup>10</sup> during the Account Year)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.95%<sup>11</sup>  |
| &nbsp;&nbsp;&nbsp; Income ON Demand Living Benefit<sup>7,9</sup> (as a percentage of the highest Income Benefit Base<sup>12</sup> during the Account Year)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85%<sup>11</sup>  |
| &nbsp;&nbsp;&nbsp; Income ON Demand II Living Benefit<sup>7,9</sup> (as a percentage of the highest Fee Base<sup>13</sup> during the <br> Account Year)<sup>7</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85%<sup>11</sup>  |
| &nbsp;&nbsp;&nbsp; Income ON Demand II Plus Living Benefit<sup>7,9</sup> (as a percentage of the highest Fee Base<sup>13</sup> during <br> the Account Year)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%<sup>11</sup>  |
| &nbsp;&nbsp;&nbsp; Retirement Income Escalator II Living Benefit<sup>7,9</sup> (as a percentage of the highest Withdrawal <br> Benefit Base<sup>10</sup> during the Account Year)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%<sup>11</sup>  |
| &nbsp;&nbsp;&nbsp; Income ON Demand II Escalator Living Benefit<sup>7,9</sup> (as a percentage of the highest Fee Base<sup>13</sup> during the Account Year)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%<sup>11</sup>  |
| &nbsp;&nbsp;&nbsp; Retirement Asset Protector Living Benefit<sup>7,9</sup> (as a percentage of the highest Retirement Asset <br> Protector Benefit Base<sup>14</sup> during the Account Year)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%<sup>11</sup>  |
| &nbsp;&nbsp;&nbsp; Income ON Demand III Escalator Living Benefit<sup>7,9</sup> (as a percentage of the highest Fee Base<sup>13</sup> during the Account Year)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%<sup>11</sup>  |

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<sup>1</sup>

Referred to as the "Annual Account Fee" elsewhere in this Prospectus. The Annual Account Fee is waived if 100% of your Account Value has been allocated to the Fixed Account during the entire Account Year or if your Account Value is $100,000 or more on your Account Anniversary. (See "Account Fee.")

<sup>2</sup>

The Base Contract Expenses Fee includes the Mortality and Expense Risk Charge of 1.05%, the Administrative Expenses Charge of .15%, and the Distribution Charge of .15%, for a total of 1.35% of the Account Value, during the Accumulation Phase. For Contracts purchased prior to March 5, 2007, the rate of the mortality and expense risk charge is 1.25% if you were age 76 or older on the Contract's Open Date. In that case, the rate for "Total Variable Account Annual Expenses (without optional benefits)" would be 1.55%. All of the Variable Account Annual Expenses, except for the charges for optional living benefits, are assessed as a percentage of average daily net Variable Account assets. The charge for each optional living benefit is assessed on a quarterly basis. After you annuitize, we will deduct total insurance charges at an annual rate of 1.60% of your average daily Annuity Unit values; we will no longer deduct a mortality and expense risk charge or the charges for any optional living benefit or any optional death benefit. The 1.60% insurance charge, which includes the administrative expense charge and a distribution fee, compensates us for the risks and expenses associated with providing annuity payments during the Income Phase. The total insurance charges of 1.60% during the Income Phase are higher than the maximum total Variable Account annual expenses (without optional benefits) deducted during the Accumulation Phase.

<sup>3</sup>

The charges shown are assessed and deducted quarterly based upon the applicable fee base, taken on the last day of each Account Quarter. Your actual charges may be less than the maximum stated above.

<sup>4</sup>

An optional death benefit, available on or before the Issue Date, that is no longer available to add to your Contract.

<sup>5</sup>

For Contracts purchased prior to August 17, 2009, the MAV death benefit was available to Owners younger than age 80 on the Open Date, at a cost of 0.20% of average daily net assets of the Variable Account Value.

<sup>6</sup>

Death benefits are described, except for the MAV, in "APPENDIX F - OPTIONAL DEATH BENEFITS AND EXAMPLES."

<sup>7</sup>

An optional living benefit, available on or before the Issue Date, that is no longer available to add to your Contract.

<sup>8</sup>

As discussed under "OPTIONAL LIVING BENEFIT: INCOME RISER," if you elect to increase or renew certain benefits under Income Riser, **we have the right to increase the rate of the charge to what we are then charging on newly issued optional living benefits of the same type or to a rate based on then-current market conditions.** 

<sup>9</sup>

Optional living benefits, except for the Income Riser, are described in Appendices G through R. If you elect to increase certain benefits under any of the living benefits other than Secured Returns, **we have the right to increase the rate of the charge based on then-current market conditions.** (See the "Step-Up" sections in Appendices G, I through R.) Under these outstanding Contracts, you were permitted to select only one optional living benefit.

<sup>10</sup>

The Withdrawal Benefit Base initially is equal to your initial Purchase Payment, and it thereafter is subject to certain adjustments. (See "OPTIONAL LIVING BENEFIT: INCOME RISER," "APPENDIX K - RETIREMENT INCOME ESCALATOR," and "APPENDIX O -RETIREMENT INCOME ESCALATOR II.")

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<sup>11</sup>

The charges shown are assessed and deducted quarterly based upon the applicable fee base, taken on the last day of each Account Quarter. Your actual charges may be less than the maximum stated above. (See Appendices F, H through Q.) For Contracts purchased prior to February 17, 2009, the Maximum Annual Fees for Retirement Income Escalator II, Income ON Demand II Escalator, and Retirement Asset Protector were initially set at 1.00%, 1.00%, and 0.35%, respectively. Those fees will not change on those earlier Contracts, unless the Owner consents in writing to the higher fees as described under "Step-Up" section in Appendices N through P.

<sup>12</sup>

The Income Benefit Base initially is equal to your initial Purchase Payment, and it thereafter is subject to certain adjustments. (See "APPENDIX L - Income ON Demand.")

<sup>13</sup>

The Fee Base initially is equal to your initial Purchase Payment, and it thereafter is subject to certain adjustments. (See "APPENDIX M –Income ON Demand II," "APPENDIX N - Income ON Demand II Plus," "APPENDIX P - Income ON Demand II Escalator" and "APPENDIX R -Income ON Demand III Escalator.")

<sup>14</sup>

The Retirement Asset Protector Benefit Base initially is equal to your initial Purchase Payment, and it thereafter is subject to certain adjustments. (See "APPENDIX Q - RETIREMENT ASSET PROTECTOR.")

**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>| 0.66% | 3.38% |

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**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;

---

| | | | |
|:---|:---|:---|:---|
| **1 year** | **3 years** | **5 years** | **10 years** |
| $13124 | $24981 | $36129 | $64451 |

---

&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;

---

| | | | |
|:---|:---|:---|:---|
| **1 year** | **3 years** | **5 years** | **10 years** |
| $6442 | $19360 | $32293 | $64451 |

---

&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;

---

| | | | |
|:---|:---|:---|:---|
| **1 year** | **3 years** | **5 years** | **10 years** |
| $6442 | $19360 | $32293 | $64451 |

---

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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.

**Variable Investment Options Risk** 

Amounts that you invest in the variable investment options (*i.e.*, the Sub-Accounts or Variable Account options) are subject to the risk of poor investment performance. You assume all of the investment risk. Generally, if the Sub-Accounts you select make money, your Account Value goes up, and if they lose money, your Account Value goes down. Each Sub-Account's performance depends on the performance of its underlying Fund. Each Fund has its own investment risks, and you are exposed to a Fund's investment risks when you invest in the corresponding Sub-Account. The Company does not guarantee the performance of the Sub-Accounts 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 withdrawal (*i.e.*, a 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, and may reduce the benefit by an amount greater than the amount withdrawn. 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, 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, 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 reserve the right to declare that a particular Fund is no longer a Designated Fund. We impose minimum and maximum allocation requirements for each Designated Fund category in our sole discretion to reduce our risk of 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 Account 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.

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**Purchase Payment Restriction Risk** 

We limit the amount of Purchase Payments that you make to the Contract. We reserve the right to limit additional Purchase Payments to at least $1,000. We will not accept a Purchase Payment, without our prior approval, if your Account Value is over $2 million or if the Purchase Payment would cause your Account Value to exceed $2 million. We reserve the right not to accept Purchase Payments more than five years after your Issue Date or after your 70th birthday, whichever is later.

If you elected the Secured Returns for Life, Secured Returns, Secured Returns 2, or Secured Returns for Life Plus living benefit and you remain in the Accumulation Benefit Plan under that benefit, additional Purchase Payments after your second Account Anniversary may be disadvantageous as they will increase your benefit by less than the amount of the Purchase Payments. If you elected one of these benefits and you have elected the Withdrawal Benefit Plan under that benefit, you can only make additional Purchase Payments until your fourth Account Anniversary.

If you elected the Retirement Income Escalator<sup>SM</sup>, Income on Demand<sup>®</sup>, Income on Demand<sup>®</sup> II, Income on Demand<sup>®</sup> II Plus, Retirement Income Escalator<sup>SM</sup> II, Income on Demand<sup>®</sup> II Escalator, Retirement Asset Protector, Income on Demand<sup>®</sup> III Escalator, or Income Riser living benefit, you can only make additional Purchase Payments during your first Account Year.

Our restrictions related to Purchase Payments may affect the value of your Contract. If you have elected a benefit under which additional Purchase Payments increase your benefit by less than the amount of the Purchase Payments, you will have limited ability to increase the value of your benefit. 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.

**Transfer Risk** 

If you elect an optional living benefit, any transfer of Account Value to a Fund that is not a Designated Fund will terminate the optional benefit, without any value. Any transfer restrictions under the Contract that are applicable to you may limit your ability to readily change how your Account Value is invested 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.

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**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 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.

**COMMUNICATING TO US ABOUT YOUR CONTRACT**

You may submit transaction requests or otherwise communicate with us in writing or by telephone. All materials mailed to us, including Purchase Payments, must be received at our Service Address. For all telephone communications, you must call (877) 253-2323. In addition, the authorized registered representative of the broker-dealer of record may submit transfer requests on your behalf in writing or by telephone at (877) 253-2323 if the broker-dealer permits and the registered representative has written authorization from you.

Unless this prospectus states differently, we will consider all materials sent to us and all telephone communications to be received on the date we receive them, in Good Order, at our Service Address or by telephone at (877) 253-2323. However, we will consider all financial transactions, including Purchase Payments, withdrawal requests and transfer instructions, to be received on the next Business Day if we receive them (1) on a day that is not a Business Day or (2) after the close of regular trading on the NYSE, which is normally 4:00 p.m., Eastern Time.

Certain methods of contacting us, such as by telephone, may be unavailable or delayed. Any telephone system or website (including yours, ours, and your registered representative's) can experience delays or outages that may delay or prevent us from processing your request. While we have taken reasonable precautions to allow our systems to accommodate heavy usage, we do not guarantee access or reliability under all circumstances. If you experience delays or an outage, you may submit your request in writing to our Service Address.

When we specify that notice to us must be in writing, we reserve the right, at our sole discretion, to accept notice in another form.

------

**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.

**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/866793342?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.**

Under Delaware insurance law and the Contract, the income, gains or losses of the Variable Account 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 Contract 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. All obligations arising under a Contract, including the promise to make annuity payments, and the optional living benefit and death benefit guarantees, are general corporate obligations of the Company and, as such, are subject to the claims of the Company's creditors.

The assets of the Variable Account are divided into Sub-Accounts. Each Sub-Account invests exclusively in shares of a specific Fund. All amounts allocated by you to a Sub-Account will be used to purchase Fund shares at their net asset value. Any and 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 cash withdrawals, annuity payments, death benefits, Account Fees, Contract charges against the assets of the Variable Account for the assumption of mortality and expense risks, administrative expenses, optional 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 Sub-Account will vary based on the investment performance of the corresponding Fund in which the Sub-Account invests. There is the risk of loss of your entire investment in the Variable Account.

The Funds may also be available to registered separate accounts offering variable annuity and variable life 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 may occur due to a change in law affecting the operations of variable life and variable annuity separate accounts, differences in the voting instructions of the Participants and Payees and those of other companies, or some

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other reason. In the event of conflict, we will take any steps necessary to protect Participants and Payees, including withdrawal of the Variable Account from participation in the underlying Funds which are involved in the conflict or 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 Account 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 of the investment advisers, transfer agents, or underwriters to the Funds may reimburse us for administrative costs in connection with administering the Funds as investment options under the Contracts. These amounts are not charged to the Funds or Participants, but are paid from assets of the advisers, transfer agents, or underwriters.

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 a number of differences between a Fund and these similar products, including differences in sales charges, expense ratios, and cash flows.

**Selection of Funds** 

The Funds offered through the Contract are selected by the Company. We review the Funds periodically and may remove a Fund or limit its availability to new Purchase Payments and/or transfers of Account Value if we determine that a Fund no longer satisfies one or more of the selection criteria, and/or if the Fund has not attracted significant allocations from Contract Owners. 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 Account Value resulting from the performance of the Funds you have chosen.** 

We may consider various factors, including, but not limited to, asset class coverage, the alignment of the investment objectives of a Fund with our hedging strategy, the strength of an adviser's or sub-adviser's reputation and tenure, brand recognition, performance, and the capability and qualification of each investment firm. Another factor that we may consider is whether the 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, and support services, or whether affiliates of the Fund can provide marketing and distribution support for the sale of the Contracts.

**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 elected an optional living benefit, we may currently limit your choice of Sub-Accounts to the Designated Funds. We limit the number and type of available Designated Funds to reduce our risk exposure in providing the guarantees associated with these optional living benefits. These limits may reduce the rate of return on your investment. The Designated Fund requirements may reduce the likelihood that the Account Value will be reduced to zero as a result of investment performance and that we will have to make payments under the living benefit options. (See APPENDIX B - LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS*.*)

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**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, except in the case of a Group Contract in which the Owner has reserved this right. During the Income Phase, the Payee (that is, the Annuitant or Beneficiary entitled to receive benefits) is the person having 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. 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. Each such person is permitted to cast votes based on the dollar value of the shares of each Fund that we hold for your Contract in the corresponding Sub-Account. We calculate this value based on the number of Variable Accumulation Units or Variable Annuity Units allocated to your Contract as of the date set by the Fund and the value of each Variable Accumulation Unit or Variable Annuity Unit on that date. We count fractional votes.

We will vote any shares attributable to 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 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.

**Note:** Owners of Qualified Contracts issued on a group basis may be subject to other voting provisions of the particular retirement plan and under the Investment Company Act of 1940. Employees who contribute to retirement plans funded by the Contracts may be entitled to direct the Owners on how to instruct us to vote the Fund shares attributable to those employees' contributions. Such retirement plans may also provide the additional extent, if any, to which an Owner shall follow voting instructions of persons with rights under those plans. If no voting instructions are received from any such person regarding a particular Contract, the Owner may instruct us on how to vote the number of Fund shares that person was entitled to direct.

**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.

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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 an investment option under the Contracts. Other available investment 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 Sub-Accounts 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 Sub-Accounts 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.

**THE FIXED ACCOUNT** 

The Fixed Account is made up of all the general assets of the Company (referred to as the "general account") other than those allocated to any separate account. Amounts you allocate to Guarantee Periods or the Dollar-Cost Averaging (or "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 Account Value, such as those with any optional living benefit and any death benefit, 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 Account 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. In general, these laws permit investments, within specified limits and subject to certain qualifications, in federal, state and municipal obligations, corporate bonds, preferred and common stocks, real estate mortgages, real estate and certain other investments. We intend to invest primarily in investment-grade fixed income securities (i.e., rated by a nationally recognized rating service within the four highest grades) or instruments we believe are of comparable quality.

We are not 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.

**THE FIXED OPTIONS - THE GUARANTEE PERIODS** 

**Guarantee Periods** 

You may elect one or more Guarantee Periods from those we make available from time to time. 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 of a particular duration, 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. In such event, Guarantee Periods already in existence will be unaffected, although any renewals thereof will be made into the Money Market Sub-Account. We may choose to exercise this right before the Open Date or at some later time. At any time, we can reverse our decision to exercise this right.

Effective May 4, 2009, we stopped accepting any additional amounts for allocation to certain Guarantee Periods, regardless of when the Contract was issued. Under this change, all Guarantee Periods were closed to new amounts from:

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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;● initial or subsequent Purchase Payments you may make, except for Purchase Payments that you allocate to our Dollar-Cost Averaging (or "DCA") Program;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● transfers of Account Value into a Guarantee Period from any other Guarantee Period or Sub-Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● renewals at the end of an existing Guarantee Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any other source.

Any of your Account Value held in a Guarantee Period on May 4, 2009 was not immediately affected by our closing the Guarantee Periods to new amounts. However, at the end of such Guarantee Period, we automatically transfer all of your Account Value remaining therein to the Money Market Sub-Account, if you have not by that time requested that we transfer all of such amounts to any other Sub-Account(s).

**Guaranteed Interest Rates** 

We determine Guaranteed Interest Rates at our discretion. Our determination will be influenced by the interest rates we earn on our fixed income investments as well as other factors, including regulatory and tax requirements, sales commissions, administrative expenses, general economic trends and competitive factors. The minimum Guaranteed Interest Rate is 3%. You can find out about our current Guaranteed Interest Rates by calling us at (877) 253-2323.

We may from time to time at our discretion offer special interest rates for new Purchase Payments that are higher than the rates we are then offering for renewals or transfers.

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 (or "DCA") Program*" 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. <br>

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| | | |
|:---|:---|:---|
| Name | Term | Minimum Guaranteed Interest Rate |
| Dollar-Cost Averaging (or "DCA") Program | 6 Months | 3% |
| Dollar-Cost Averaging (or "DCA") Program | 12 Months | 3% |

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**Early Withdrawals** 

Early withdrawals from your allocation to a Guarantee Period, including cash withdrawals, transfers, and commencement of an annuity option, may be subject to a Market Value Adjustment, which could increase the value of your Account. (See "WITHDRAWALS, WITHDRAWAL CHARGES, AND MARKET VALUE ADJUSTMENT.")

**THE ACCUMULATION PHASE** 

During the Accumulation Phase of your Contract, you make Purchase Payments into your Account, and your earnings accumulate on a tax-deferred basis. The Accumulation Phase begins with our acceptance of your first Purchase Payment and ends the Business Day before your Annuity Commencement Date. The Accumulation Phase will end sooner if you surrender your Contract or if the "Covered Person" dies before the Annuity Commencement Date.

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**Issuing Your Contract** 

We "open" the Contract on the Business Day when we receive your Application at our Service Address. We refer to this date as the "Open Date." We "issue" your Contract on the day we apply your initial Purchase Payment, when your Application is "in Good Order." An Application is in Good Order when we have received all the information necessary to complete it. We refer to this date as the "Issue Date."

We determine your eligibility for purchasing a Contract and your eligibility for electing the optional death benefit and the optional living benefit based upon the ages of all Owners and Annuitants on the Open Date.

We will credit your initial Purchase Payment to your Account within two Business Days of receiving your completed Application, in Good Order. If your Application is not in Good Order, we will notify you. If we do not have the necessary information to complete the Application within five Business Days, we will send your money back to you or ask your permission to retain your Purchase Payment until the Application is in Good Order. Once the Application is in Good Order, we will then apply your Purchase Payment within two Business Days.

**Amount and Frequency of Purchase Payments** 

The amount of Purchase Payments may vary. However, we will not accept an initial Purchase Payment of less than $10,000 or the maximum annual Individual Retirement Annuity ("IRA") contribution, unless we waive these limits. Although there is currently no minimum amount for additional Purchase Payments, we reserve the right to limit each additional Purchase Payment to at least $1,000. In addition, unless we have given our prior approval, we will not accept a Purchase Payment if your Account Value is over $2 million, or if the Purchase Payment would cause your Account Value to exceed $2 million. We reserve the right to refuse Purchase Payments received more than five years after your Issue Date or after your 70th birthday, whichever is later. We will notify you of any change in writing prior to its effectiveness. Within these limits, you may make Purchase Payments at any time during the Accumulation Phase. **Additional restrictions may apply if you purchased an optional living benefit. If you are participating in an optional living benefit, you may be limited in the timing of additional Purchase Payments depending upon which optional living benefit you selected. (See "OPTIONAL LIVING BENEFIT - INCOME RISER" and Appendices G - R.)** 

**Allocation of Net Purchase Payments** 

You may allocate your Purchase Payments among the different Sub-Accounts and Guarantee Periods currently available. However, we reserve the right to limit any allocation to a Guarantee Period to at least $1,000. We will notify you of any change in writing prior to its effectiveness.

In your Application, you may specify the percentage of each Purchase Payment to be allocated to each Sub-Account or Guarantee Period. These percentages are called your allocation factors. You may change the allocation factors for future Purchase Payments by sending us notice of the change as required. We will use your new allocation factors for Purchase Payments we receive with or after we have received notice of the change until we receive another change notice.

Although it is currently not our practice, we may deduct applicable premium taxes or similar taxes from your Purchase Payments. (See "Premium Taxes.") In that case, we will credit your Net Purchase Payment, which is the Purchase Payment minus the amount of those taxes.

**Your Account** 

When we accept your first Purchase Payment, we establish an Account for you, which we maintain throughout the Accumulation Phase of your Contract.

**Your Account Value** 

Your Account Value is the sum of the value of the two components of your Contract: the Variable Account portion ("Variable Account Value") and the Fixed Account portion ("Fixed Account Value"). These two components are calculated separately, as described under "Variable Account Value" and "Fixed Account Value."

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**Variable Account Value** 

***Variable Accumulation Units*** 

In order to calculate your Variable Account Value, we use a measure called a Variable Accumulation Unit for each Sub-Account. Your Variable Account Value is the sum of your Account Value in each Sub-Account, which is the number of your Variable Accumulation Units for that Sub-Account times the value of each Unit.

***Variable Accumulation Unit Value*** 

The value of each Variable Accumulation Unit in a Sub-Account reflects the net investment performance of that Sub- Account. We determine that value once on each day that the New York Stock Exchange is open for trading, at the close of trading, which is generally 4:00 p.m., Eastern Time. (The close of trading is determined by the New York Stock Exchange.) Each day we make a valuation is called a "Business Day." 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.

To measure these values, we use a factor, which we call the Net Investment Factor, which represents the net return on the Sub-Account's assets. At the end of any Valuation Period, the value of a Variable Accumulation Unit for a Sub- Account is equal to the value of that Sub-Account's Variable Accumulation Units at the end of the previous Valuation Period, multiplied by the Net Investment Factor. We calculate the Net Investment Factor by dividing (1) the net asset value of a Fund share held in the Sub-Account at the end of that Valuation Period, plus the per share amount of any dividend or capital gains distribution made by that Fund during the Valuation Period, by (2) the net asset value per share of the Fund share at the end of the previous Valuation Period; then, for each day in the Valuation Period, we deduct a factor representing the asset-based insurance charges (the mortality and expense risk charge, the administrative expense charge, and the distribution fee) plus any applicable asset-based charge for certain optional benefits.

For a hypothetical example of how we calculate the value of a Variable Accumulation Unit, see the Statement of Additional Information.

***Crediting and Canceling Variable Accumulation Units*** 

When we receive an allocation to a Sub-Account, either from a Net Purchase Payment or a transfer of Account Value, we credit that amount to your Account in Variable Accumulation Units. Similarly, we cancel Variable Accumulation Units when you transfer or withdraw amounts from a Sub-Account, or when we deduct certain charges under the Contract. We determine the number of Units credited or canceled by dividing the dollar amount by the Variable Accumulation Unit value for that Sub-Account at the end of the Valuation Period during which the transaction or charge is effective.

**Fixed Account Value** 

Your Fixed Account Value is the sum of all amounts allocated to Guarantee Periods, either from Net Purchase Payments, transfers or renewals, plus interest credited on those amounts, and minus withdrawals, transfers out of Guarantee Periods, and any deductions for charges under the Contract taken from your Fixed Account Value.

A Guarantee Period begins the day we apply your allocation and ends when all calendar years (or months if the Guarantee Period is less than one year) in the Guarantee Period (measured from the end of the calendar month in which the amount was allocated to the Guarantee Period) have elapsed. The last day of the Guarantee Period is its Renewal Date.

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

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***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.

***Guarantee Amounts*** 

Each separate allocation you make to a Guarantee Period, together with interest credited thereon, is called a Guarantee Amount. Each Guarantee Amount is treated separately for purposes of determining the Market Value Adjustment. We may restrict a Guarantee Period that will extend beyond your Maximum Annuity Commencement Date. Renewals into a Guarantee Period that extends beyond your Maximum Annuity Commencement Date will result in an application of a Market Value Adjustment upon annuitization or withdrawals. We reserve the right to limit each new allocation to a Guarantee Period to at least $1,000.

***Renewals*** 

We will notify you in writing between 45 and 75 days before the Renewal Date for any Guarantee Amount. Renewals are only available if we are currently offering Fixed Options on the Renewal Date. If you would like to change your Fixed Option, we must receive from you prior to the Renewal Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● written notice from you electing a different Guarantee Period from among those we then offer, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● written instructions to transfer the Guarantee Amount to one or more Sub-Accounts, in accordance with the transfer privilege provisions of the Contract. (See "Transfer Privilege.")

If we receive no instructions from you prior to the Renewal Date, we will automatically renew your Fixed Account allocation into a new Guarantee Period of the same duration as the last Guarantee Period. If we are no longer offering a Guarantee Period of the same duration, we will automatically transfer your Fixed Account allocation into the Money Market Sub-Account.

A Guarantee Amount will not renew into a Guarantee Period that will extend beyond your Maximum Annuity Commencement Date. In that case, unless you notify us otherwise, we will automatically transfer your Guarantee Amount into the Money Market Sub-Account.

These automatic transfers of Fixed Account Value into the Money Market Sub-Account will not count as a transfer for purposes of the transfer restrictions described under "Transfer Privilege."

***Early Withdrawals*** 

If you withdraw, transfer, or annuitize an allocation from a Guarantee Period more than 30 days prior to the Renewal Date, we will apply a Market Value Adjustment to the transaction. This could result in an increase of your Account Value, depending on interest rates at the time. (See "WITHDRAWALS, WITHDRAWAL CHARGES, AND MARKET VALUE ADJUSTMENT.")

**Transfer Privilege** 

***Permitted Transfers*** 

During the Accumulation Phase, you may transfer all or part of your Account Value to one or more Sub-Accounts or Guarantee Periods 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 Account Year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the amount transferred from a Guarantee Period must be the entire Guarantee Amount, except for transfers of interest credited during the current Account Year;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● at least 30 days must elapse between transfers to and from Guarantee Periods;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● at least 6 days must elapse between transfers to and from the Sub-Accounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● transfers to or from Sub-Accounts 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 market timers, which are further described below. (See "*Short-Term Trading*.")

These restrictions do not apply to transfers made under any optional program. (See "Other Programs.") **Additional restrictions apply to transfers made under any of the optional living benefits.** 

We reserve the right to waive these restrictions and exceptions at any time, as discussed under "*Short-Term Trading*," 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 $15 for each transfer. We will notify you of any change in writing prior to its effectiveness. Transfers out of a Guarantee Period more than 30 days before the Renewal Date or any time after the Renewal Date will be subject to the Market Value Adjustment described under "WITHDRAWALS, WITHDRAWAL CHARGES, AND MARKET VALUE ADJUSTMENT." 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 or by telephone.

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 Stock Exchange closes before 4:00 p.m., the transfer will be priced that day. The telephone transfer privilege is available automatically during regular business hours before 4:00 p.m. Eastern Time, and 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.

A transfer request will be priced at the Variable Accumulation Unit value next determined at the close of the Business Day if we receive your transfer request, 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 Stock Exchange closes before 4:00 p.m. Otherwise, your transfer request will be priced on the next Business Day.

Certain transfer requests may result in the modification or cancellation of one or more of the Contract's optional programs or features that require, or are based on, specific allocations among the available Sub-Accounts or Guarantee Periods as described more particularly elsewhere in this Prospectus and in APPENDIX B - LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS.

No more than one transfer request of Account Values 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

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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.

***Short-Term Trading*** 

**The Contracts are not designed for short-term trading. If you wish to employ such strategies, do not purchase a Contract. Transfer limits and other restrictions, described below, are subject to our ability to monitor transfer activity. Some Participants and their third party intermediaries engaging in short-term trading may employ a variety of strategies to avoid detection. Despite our efforts to prevent short-term trading, there is no assurance that we will be able to identify such Participants or intermediaries or curtail their trading.** A failure to detect and curtail short-term trading could result in adverse consequences to the Participants. Short-term trading can increase costs for all Participants as a result of excessive portfolio transaction fees. In addition, short-term trading can adversely affect a Fund's performance. If large amounts of money are suddenly transferred out of a Fund, the Fund's investment adviser cannot effectively invest in accordance with the Fund's investment objectives and policies.

The Company has policies and procedures to limit the number and frequency of transfers of Account Value. The Company also reserves the right to charge a fee for transfers to discourage frequent trading. In no event will the total charge assessed in connection with a transfer, that includes this fee as well as any charge that we may assess on a permitted transfer of Account Value among Sub-Accounts (see "*Permitted Transfers*," above), exceed the maximum fee per transfer presented in the table of "Transaction Expenses" under "FEE TABLE" in this Prospectus.

Short-term trading activities whether by the Participant or a third party authorized to initiate transfer requests on behalf of Participant(s) may be subject to other restrictions as well. For example, we reserve the right to take actions against short-term trading which restrict your transfer privileges (including transfers to and from the Fixed Account) more narrowly than the policies described under "Permitted Transfers," such as requiring transfer requests to be submitted in writing through regular first-class U.S. mail (*e.g.*, no overnight, priority or courier delivery allowed) and refusing any and all transfer instructions.

If we determine that a third party acting on your behalf is engaging (alone or in combination with transfers effected by you directly) in a pattern of short-term trading, we may refuse to process certain transfers requested by such a third party. We impose additional administrative restrictions on third parties that engage in transfers of Account Values on behalf of multiple Participants at one time. Specifically, we limit the form of such large group transfers to fax or mail delivery only, require the third party to provide us with advance notice of any possible large group transfer so that we can have additional staff ready to process the request, and require that the amount transferred out of a Sub-Account for each Participant be equal to 100% of that Participant's value in the Sub-Account. In the last situation, we will not transfer any of the Sub-Account value. Instead, we will deem the request not in Good Order and immediately notify you.

We will provide you written notification of any restrictions imposed.

We reserve the right to waive short-term trading restrictions, where permitted by law and not adverse to the interests of the relevant underlying Fund, in the following instances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when a new broker of record is designated for the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when the Participant changes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when control of the Contract passes to the designated beneficiary upon the death of the Participant or Annuitant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when necessary in our view to avoid hardship to a Participant; or

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when underlying Funds are dissolved, merged, or substituted.

If short-term trading results as a consequence of waiving the restrictions against short-term trading, it could expose Participants to certain risks. The short-term trading could increase costs for all Participants as a result of excessive portfolio transaction fees. In addition, the short-term trading could adversely affect a Fund's performance. If large amounts of money are suddenly transferred out of a Fund, the Fund's investment adviser cannot effectively invest in accordance with the Fund's investment objectives and policies. We uniformly apply the short-term trading policy and the permitted waivers of that policy to all Contracts. If we did not do so, some Participants could experience a different application of the policy and therefore may be treated unfairly. Too much discretion on our part in allowing the waivers of short-term trading policy could result in an unequal treatment of short-term traders by permitting some short-term traders to engage in short-term trading while prohibiting others from doing the same.

***Funds' Trading Policies*** 

In addition to the restrictions that we impose (as described under "Permitted Transfers" and "Short-Term Trading"), most of the Funds have adopted restrictions or other policies about transfers or other purchases and sales of the Fund's shares. These policies (the "Funds' Trading Policies") are intended to protect the Fund from short-term trading or other trading practices that are potentially harmful to the Fund. The Funds' Trading Policies may be more restrictive in some respects than the restrictions that we otherwise would impose, and the Funds may modify their trading policies from time to time.

We are legally obligated to provide (at the Funds' request) information about each amount you cause to be deposited into a Fund (including by way of Purchase Payments and transfers under your Contract) or removed from the Fund (including by way of withdrawals and transfers under your Contract). If a Fund identifies you as having violated the Fund's Trading Policies, we are obligated, if the Fund requests, to restrict or prohibit any further deposits or exchanges by you (or a third party acting on your behalf) in respect of that Fund. Any such restriction or prohibition may remain in place indefinitely.

Accordingly, if you do not comply with any Fund's Trading Policies, you (or a third party acting on your behalf) may be prohibited from directing any additional amounts into that Fund or directing any transfers or other exchanges involving that Fund. You should review and comply with each Fund's Trading Policies, which are generally disclosed in the Funds' current prospectuses.

Funds may differ significantly as to such matters as: (a) the amount, format, and frequency of information that the Funds request from us about transactions that our customers make; and (b) the extent and nature of any limits or restrictions that the Funds request us to impose upon such transactions. As a result of these differences, the costs borne by us and (directly or indirectly) by our customers may be significantly increased. Any such additional costs may outweigh any additional protection that would be provided to our customers, particularly in view of the protections already afforded by the trading restrictions that we impose as described under "Permitted Transfers" and under "Short-Term Trading." Also, if a Fund imposes more strict trading restrictions than are reasonably necessary under the circumstances, you could be deprived of potentially valuable flexibility to make transactions with respect to that Fund. For these and other reasons, we may disagree with the timing or substance of a Fund's requests for information from us or with any transaction limits or restrictions that the Fund requests us to impose upon our customers. If any such disagreement with respect to a Fund cannot be satisfactorily resolved, the Fund might be restricted or, subject to obtaining any required regulatory approval, replaced as a variable investment option.

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

In certain situations, we may reduce or waive the withdrawal charge or the annual Account 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 Participant, certain sales of larger-sized Contracts (generally, Contracts that have our approval to exceed $2 million in Account Value), and certain group sales, and (2) to officers, directors and employees of the Company or its affiliates, registered representatives 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 ("Eligible Employees") and immediate family members of

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Eligible Employees. Eligible Employees and their immediate family members may also purchase a Contract without regard to minimum Purchase Payment requirements. For other situations in which withdrawal charges may be waived, see "WITHDRAWALS, WITHDRAWAL CHARGES, AND MARKET VALUE ADJUSTMENT."

If your Purchase Payments or Account Value exceeds $1 million on your Account Anniversary, an amount equal to 0.15% of your Account Value will be credited to your Account on that date and on every subsequent Account Anniversary during the Accumulation Phase. The 0.15% credit is not a Purchase Payment and therefore no withdrawal charges are directly associated with the credit. This credit will be allocated to the Sub-Accounts in proportion to your Account Value in those Sub-Accounts. It also immediately increases your Account Value and, as a result, other values may be affected. For example:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● An increase in your Account Value may also result in your Account Value becoming the greatest amount payable under the basic death benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you are participating in an optional living benefit, the increase in your Account Value may cause a step-up of your benefit base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● This credit is considered earnings and, as such, it is factored into the calculation of your free withdrawal amount.

This credit is paid out of our general account and is the result of cost savings that we expect on Contracts over $1 million.

**Other 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 allowed under the section entitled "Transfer Privilege." If you have elected to participate in an optional living benefit, certain restrictions may affect the operation or availability of these programs as discussed in more detail under each specific program below. You may terminate your participation in any of these programs at any time by written notice to us 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, when you make any Purchase Payment to your Account prior to your Maximum Annuity Commencement Date**. If you have elected an optional living benefit, your ability to make Purchase Payments into the DCA Program may be limited.** Please see "OPTIONAL LIVING BENEFIT - INCOME RISER" and Appendices G - R.

The DCA Program allows you to invest gradually over time by allocating all or a portion of your Purchase Payment to a designated Variable Option or to a Guarantee Period we make available in connection with the program. (We reserve the right to limit minimum investments to at least $1,000.) At regular time intervals, we will automatically transfer the same amount to one or more Variable Options that you choose. The DCA Program continues until your Account Value allocated to the DCA Program is depleted or you elect to stop the DCA Program. The final amount transferred from the Fixed Account will include all interest earned.

The Guarantee Periods currently available under the DCA Program are:

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| | | |
|:---|:---|:---|
| **Name** | **Term** | **Minimum Guaranteed Interest Rate** |
| Dollar-Cost Averaging (or "DCA") Program | 6 Months | 3% |
| Dollar-Cost Averaging (or "DCA") Program | 12 Months | 3% |

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You can find out about our current Guaranteed Interest Rates by calling us at (877) 253-2323.

Amounts allocated to the Fixed Account under the DCA Program will earn interest at a rate declared by the Company for the Guarantee Period you select. Amounts invested in a Variable Option may not be transferred to a Guarantee Period

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made available in connection with this program. If you elected to participate in the DCA Program when you purchased your Contract, then all future Purchase Payments will be allocated to the DCA Program, unless you specify otherwise.

No Market Value Adjustment will apply to amounts automatically transferred from the Fixed Account under the DCA Program. However, if you discontinue or alter the program prior to completion, amounts remaining in the Fixed Account will be transferred to the Money Market Sub-Account, unless you instruct us otherwise, and the Market Value Adjustment will be applied. Any allocation of a new Purchase Payment to the program will be treated as commencing a new DCA Program and may be subject to the $1,000 minimum investment limit.

The main objective of the DCA Program is to minimize the impact of short-term price fluctuations on Account Value. In general, since you transfer the same dollar amount to the Variable Options 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. The DCA Program allows you to take advantage of market fluctuations. However, it is important to understand that the DCA Program does not insure a profit or protect against loss in a declining market. We do not allow transfers into any of the Guarantee Periods pursuant to the DCA Program.

***Asset Allocation*** 

One or more asset allocation models may be available in connection with the Contract, at no extra charge. You may elect to participate in an asset allocation model at any time prior to your Maximum Annuity Commencement Date as long as we are still offering asset allocation models. Asset allocation is the process of investing in different asset classes, such as equity funds, fixed income funds, and money market funds, depending on your personal investment goals, tolerance for risk, and investment time horizon. By spreading your money among a variety of asset classes, you may be able to reduce the risk and volatility of investing, although there are no guarantees, and asset allocation does not insure a profit or protect against loss in a declining market.

We have no discretionary authority or control over your investment decisions. We do not recommend asset allocation models or otherwise provide advice as to what asset allocation model may be appropriate for you.

Our asset allocation program consists of one or more asset allocation models that we may make available from time to time. You may participate in only one model at a time. Each such asset allocation model represents a combination of Sub-Accounts with a different level of risk. Any asset allocation models, as well as the terms and conditions of this asset allocation program, are fully described in a separate brochure. You may request a copy of this brochure by calling us at (877) 253-2323. We may add or delete such models in the future.

Our asset allocation models are "static." That is to say, if you elect an asset allocation model, we automatically rebalance your Account Value among the Sub-Accounts represented in the model you chose. While we will not alter the Sub-Account allocation percentages used in any asset allocation model, your asset allocation model and allocation weightings could be affected by mergers, liquidations, fund substitutions, or closures.

You will not be provided with information regarding the periodic updates to models that we may offer to new Contract purchasers. Any new models will only be offered to Contracts opened on or after the date the new model goes into effect or to Contract Owners who elect an asset allocation model on or after that date. Contract Owners who have elected an existing asset allocation model will remain in that existing model and we will continue to rebalance their percentage allocations among the Sub-Accounts in that existing model. However, such Contract Owners may make an independent decision to change their asset allocations at any time. Investment alternatives, other than these asset allocation models, are available that may enable you to invest your Account Value with similar risk and return characteristics. You should consult your financial adviser periodically to consider whether any model you have selected is still appropriate for you.

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***Systematic Withdrawal and Interest Out Programs*** 

You may select our Systematic Withdrawal Program or our Interest Out Program at any time prior to your Maximum Annuity Commencement Date. Under the Systematic Withdrawal Program, you determine the amount and frequency of regular withdrawals you would like to receive from your Fixed Account Value and/or Variable Account Value and we will process them automatically. Under the Interest Out Program, we automatically pay you, or reinvest, interest credited for all Guarantee Periods you have chosen. The withdrawals under these programs may be subject to surrender charges and a Market Value Adjustment. They may also be included as income and subject to a 10% additional tax. You should consult a qualified tax professional before choosing these options. We reserve the right to limit the election of either of these programs to Contracts with a minimum Account Value of $10,000.

**You are responsible for and may have to adjust the amount and timing of your systematic withdrawals to comply with amounts you are allowed to withdraw under an optional living benefit. (See "OPTIONAL LIVING BENEFIT - INCOME RISER" and Appendices G - R.) Withdrawals may significantly reduce the death benefit amount under your Contract. (See "Calculating the Death Benefit.")** 

You may change or stop either program at any time, by written notice to us or other means approved by us.

***Portfolio Rebalancing Program*** 

You may select our Portfolio Rebalancing Program at any time prior to your Maximum Annuity Commencement Date. Under this program, we transfer funds among all Sub-Accounts to maintain the percentage allocation you have selected among these Sub-Accounts. At your election, we will make these transfers on a quarterly, semi-annual or annual basis. If you are participating in an optional living benefit, then, on a quarterly basis, we will automatically transfer your Account Value among the Designated Funds you have selected to maintain the percentage allocations you have chosen. (See "DESIGNATED FUNDS" and "BUILD YOUR OWN PORTFOLIO.") No transfers to or from any Guarantee Period are permitted while this program is in effect.

***Secured Future Program*** 

You may only elect to participate in the Secured Future Program on or before your Issue Date. We divide your initial Purchase Payment between the Fixed Account and the Variable Account. For the Fixed Account portion, you choose a Guarantee Period from among those we offer. We then allocate to that Guarantee Period the portion of your Purchase Payment necessary so that, at the end of the Guarantee Period, your Fixed Account allocation, including interest, will equal the entire amount of your original Purchase Payment, less the amount of any Contract charges that have been deducted from the Fixed Account. The remainder of the initial Purchase Payment will be invested in the Sub-Accounts of your choice. At the end of the Guarantee Period, you will be guaranteed the amount of your original Purchase Payment (assuming no withdrawals or transfers), plus you will have the benefit, if any, of the investment performance of the Sub-Accounts you have chosen. Your Secured Future Program terminates at the end of the Guarantee Period and is not renewable into a new Guarantee Period. The Secured Future Program is no longer being offered. (See "THE FIXED OPTIONS - THE GUARANTEE PERIODS.")

***Travel Assistance Program*** 

On January 11, 2010, we exercised our right to discontinue offering this program to new Contract purchasers. We sent Owners written notice of our decision to discontinue offering the program. If your Contract had an Open Date before January 11, 2010, you were automatically enrolled in this program on your Open Date, if it had been approved in your state and by the firm through whom you purchased your Contract, unless you instructed us otherwise. **The program will remain in effect for you, unless your Contract terminates, you change ownership of your Contract, or you instruct us to cancel your participation in the program.** There is no charge for this program.

This program may provide some or all of the following services, provided by a third party we designate, when the person covered is 100 miles or more away from home:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Referral to an English-speaking doctor or hospital for medical consultation and evaluation

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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;● Hospital admission guarantee, assuming the covered person has applicable health coverage

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Emergency evacuation, if necessary

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Critical care monitoring of attending doctor/hospital

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Medically supervised repatriation, if the person covered requires assistance returning home after hospitalization

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assistance in filling prescriptions, if required

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Receipt and transmission of necessary emergency messages

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Telephone counseling and referrals if the person covered experiences emotional trauma

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Transportation to join a covered person who was traveling alone and will be hospitalized more than seven days

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Transportation home for minor children left unattended by the covered person's illness or injury

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Legal and interpreter referrals

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Return of mortal remains

The "person covered" is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Owner as identified in the Contract, if the Contract is owned by one or more individuals; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Annuitant as identified in the Contract, if the Contract is owned by a non-natural entity.

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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 was 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 then <br> automatically transfer a <br> fractional amount to one or <br> more Variable Options at <br> regular time intervals until <br> your DCA Program is <br> depleted or you elect to <br> stop. The final transfer <br> from the Fixed Account will <br> include all interest earned.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Available only during the <br> Accumulation Phase.<br>●All future Purchase Payments <br> will be allocated to the DCA <br> Program unless you specify <br> otherwise.<br>●Each new Purchase Payment <br> will begin a new DCA <br> Program.<br>●May be subject to a $1,000 <br> minimum allocation.<br>●If you elected an optional <br> living benefit, your ability to <br> make Purchase Payments into <br> the DCA Program may be <br> limited.<br>●If you alter or stop the DCA <br> Program, amounts remaining <br> in the Fixed Account will be <br> transferred to the Money <br> Market Sub-Account.<br>|
| **Asset** <br> **Allocation** <br> **Program**<br>| Allows you to participate in <br> an asset allocation model <br> that we may make available. <br> Each model represents a <br> combination of <br> Sub-Accounts with a <br> different level of risk.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Available only during the <br> Accumulation Phase.<br>●You may participate in only <br> one model.<br>●Models are "static," meaning <br> the original percentage <br> allocations do not change and <br> Account Value is only <br> rebalanced among the <br> Sub-Accounts in the model.<br>●You cannot change models but <br> you can make an independent <br> decision to change your asset <br> allocations at any time.<br>●Models may be affected by <br> fund mergers, liquidations, <br> substitutions, or closures.<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>|

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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 be subject to <br> withdrawal charges and taxes, <br> including tax penalties.<br>●You are responsible for <br> adjusting the amount and <br> timing of withdrawals to <br> comply with withdrawal limits <br> under an optional living <br> benefit.<br>●Withdrawals may significantly <br> reduce an optional living <br> benefit, the basic death <br> benefit, or an optional death <br> benefit, including by an <br> amount greater than the <br> amount withdrawn.<br>●We reserve the right to impose <br> a minimum Account Value of <br> $10,000 for enrollment.<br>|
| **Interest Out** <br> **Program**<br>| Allows automatic payments <br> or reinvestments of interest <br> credited for Fixed Account <br> Guarantee Periods.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Available only during the <br> Accumulation Phase.<br>●Interest 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 Account <br> Value and may reduce the <br> death benefit, including by an <br> amount greater than the <br> amount withdrawn.<br>●We reserve the right to impose <br> a minimum Account Value of <br> $10,000 for enrollment.<br>|
| **Portfolio** <br> **Rebalancing** <br> **Program**<br>| Allows you to automatically <br> transfer Contract Value <br> among the Sub-Accounts to <br> maintain your selected <br> percentage allocations.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Available only during the <br> Accumulation Phase.<br>●Only quarterly, semi-annual, <br> and annual rebalancing <br> available.<br>●Only rebalances quarterly <br> among Designated Funds if <br> you elect an optional living <br> benefit.<br>|
| **Credit** | If your Purchase Payments <br> or Account Value exceeds <br> $1 million on your Account <br> Anniversary, an amount <br> equal to 0.15% of your<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●May result in your Account <br> Value becoming the greatest <br> amount payable under the <br> basic death benefit.<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>|
|  | Account Value will be <br> credited to your Account on <br> that date and on every <br> subsequent Account <br> Anniversary during the <br> Accumulation Phase. The <br> 0.15% credit is not a <br> Purchase Payment and <br> therefore no withdrawal <br> charges are directly <br> associated with the credit.<br>|  |  |  | &nbsp;&nbsp;&nbsp; ●If you are participating in an <br> optional living benefit, the <br> increase in your Account Value <br> may cause a step-up of your <br> Withdrawal Benefit Base.<br>●This credit is considered <br> earnings and, as such, it is <br> factored into the calculation of <br> your free withdrawal amount.<br>|
| **Secured** <br> **Future** <br> **Program**<br>| Allows you to divide your <br> initial Purchase Payment <br> between the Fixed Account <br> and the Variable Account. <br> You choose a Fixed <br> Account Guarantee Period <br> and we allocate to that <br> Guarantee Period the <br> portion of your initial <br> Purchase Payment <br> necessary so that, at the end <br> of the Guarantee Period, <br> your Fixed Account <br> allocation, including <br> interest, will equal the <br> entire amount of your initial <br> Purchase Payment less any <br> Contract charges deducted <br> from the Fixed Account. <br> The remainder of your <br> initial Purchase Payment is <br> invested in the <br> Sub-Accounts of your <br> choice.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●No longer available.<br> ●Terminates at the end of the <br> Guarantee Period.<br>●Not renewable. |
| **Travel** <br> **Assistance** <br> **Program**<br>| &nbsp;&nbsp;&nbsp; Provides designated <br> services through a third <br> party when the covered <br> person is more than 100 <br> miles from home. Services <br> may include:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>●Referral to an English <br> speaking doctor<br>●Hospital admission <br> guarantee<br>●Emergency evacuation<br> ●Critical care monitoring<br> ●Medically supervised <br> repatriation<br>●Assistance in filling <br> prescriptions<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●No longer offered.<br> ●Automatic enrollment for <br> certain Contracts opened <br> before January 11, 2010 unless <br> you instructed otherwise.<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; ●Emergency messaging<br> ●Telephone counselling<br> ●Transportation to join a <br> hospitalized covered <br> person<br>●Transportation home for <br> unattended minor <br> children<br>●Legal and interpreter <br> referrals<br>●Return of mortal remains |  |  |  |  |
| **Nursing** <br> **Home** <br> **Withdrawal** <br> **Charge** <br> **Waiver**<br>| Allows you to make a full <br> withdrawal without a <br> withdrawal charge if you <br> are confined to a nursing <br> home.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Waiver must be approved in <br> state of issue.<br>●Not available until one year <br> after the Contract is issued.<br>●Must be confined to an eligible <br> nursing home.<br>●Must be confined for 180 <br> continuous days or any shorter <br> period required by your state.<br>●Confinement must begin after <br> the Contract is issued.<br>●Requires proof of eligibility. |
| **Basic Death** <br> **Benefit**<br>| Pays a death benefit equal <br> to:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> - The greatest of the <br> Account Value, the total <br> Purchase Payments <br> (adjusted for withdrawals), <br> and the Surrender Value if <br> you are 85 or younger when <br> we receive your application; <br> or<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> - The Surrender Value if <br> you are 86 or older when <br> we receive your application.<br>| Standard | No charge | N/A | &nbsp;&nbsp;&nbsp; ●Withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> amount withdrawn.<br>●Annuitizing the Contract <br> terminates the benefit.<br>|
| **Maximum** <br> **Anniversary** <br> **Value (MAV)** <br> **Death Benefit**<br>| Pays a death benefit equal <br> to the higher of the Basic <br> Death Benefit and the <br> highest Account Value on <br> any Account Anniversary <br> before the Covered Person's <br> 81<sup>st</sup> birthday, adjusted for <br> Purchase Payments and <br> withdrawals made after that <br> Account Anniversary.<br>| Optional | 0.40% of <br> average <br> daily <br> Variable <br> Account <br> Value<br>| 0.40% of <br> average <br> daily <br> Variable <br> Account <br> Value<br>| &nbsp;&nbsp;&nbsp; ●Cannot be elected after the <br> Contract is issued.<br>●Cannot be changed after the <br> Contract is issued.<br>●Withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn.<br>●Annuitizing the Contract <br> terminates the benefit.<br>|
| **5% Premium** | Pays a death benefit equal | Optional | 0.20% of | 0.20% of |  |

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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>|
| **Roll-Up** <br> **("5%** <br> **Roll-Up")** <br> **Death Benefit**<br>| to the higher of the Basic <br> Death Benefit and the sum <br> of total Purchase Payments <br> plus interest accruals, <br> adjusted for partial <br> withdrawals.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Interest accrues at 5% <br> annual rate on amounts in <br> the Variable Account.<br>|  | average <br> daily <br> Variable <br> Account <br> Value<br>| average <br> daily <br> Variable <br> Account <br> Value<br>| &nbsp;&nbsp;&nbsp; ●No longer available<br> ●Interest accruals end at the <br> earlier of:<br>●First day of the month <br> following your 80th birthday<br>●The day the death benefit <br> equals two times the sum of <br> your Adjusted Purchase <br> Payments.<br>|
| **Earnings** <br> **Enhancement** <br> **Benefit** <br> **Premier** <br> **("EEB** <br> **Premier")** <br> **Death Benefit**<br>| Pays a death benefit equal <br> to the Basic Death Benefit <br> plus the EEB Premier <br> amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Formula for calculating <br> EEB Premier amount is <br> determined by your age on <br> the day we receive your <br> application.<br>| Optional | 0.25% of <br> average <br> daily <br> Variable <br> Account <br> Value<br>| 0.25% of <br> average <br> daily <br> Variable <br> Account <br> Value<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●No longer available.<br> ●EEB Premier amount is a <br> percentage of the difference <br> between your Account Value <br> and your Adjusted Purchase <br> Payments. The percentage is <br> determined by your age on the <br> day we receive your <br> application:<br>●45% if you are age 69 or <br> younger;<br>●25% if you are between the <br> ages of 70 and 79, and the <br> EEB Premier amount locks <br> in on the Account <br> Anniversary following your <br> 85<sup>th</sup> birthday.<br>●EEB Premier amount is subject <br> to a cap.<br>●Withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> amount withdrawn.<br>●Annuitizing the Contract <br> terminates the benefit.<br>|
| **Earnings** <br> **Enhancement** <br> **Benefit** <br> **Premier Plus** <br> **("EEB** <br> **Premier** <br> **Plus") Death** <br> **Benefit**<br>| Pays a death benefit equal <br> to the Basic Death Benefit <br> plus the EEB Premier Plus <br> amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Formula for calculating <br> EEB Premier Plus amount <br> is determined by your age <br> on the day we receive your <br> application.<br>| Optional | 0.40% of <br> average <br> daily <br> Variable <br> Account <br> Value<br>| 0.40% of <br> average <br> daily <br> Variable <br> Account <br> Value<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●No longer available.<br> ●EEB Premier Plus amount is a <br> percentage of the difference <br> between your Account Value <br> and your Adjusted Purchase <br> Payments. The percentage is <br> determined by your age on the <br> day we receive your <br> application:<br>●75% if you are 69 or <br> younger;<br>●35% if you are between the <br> ages of 70 and 79, and the <br> EEB Premier Plus amount <br> locks in on the Account <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;&nbsp;&nbsp;&nbsp; Anniversary following your <br> 85<sup>th</sup> birthday.<br>●EEB Premier Plus amount is <br> subject to a cap.<br>●Withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> amount withdrawn.<br>●Annuitizing the Contract <br> terminates the benefit.<br>|
| **Earnings** <br> **Enhancement** <br> **Benefit** <br> **Premier with** <br> **MAV ("EEB** <br> **Premier with** <br> **MAV") Death** <br> **Benefit**<br>| Pays a death benefit equal <br> to the MAV Death Benefit <br> Plus the EEB Premier <br> amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Formula for calculating <br> EEB Premier amount is <br> determined by your age on <br> the day we receive your <br> application.<br>| Optional | 0.40% of <br> average <br> daily <br> Variable <br> Account <br> Value<br>| 0.40% of <br> average <br> daily <br> Variable <br> Account <br> Value<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●No longer available.<br> ●EEB Premier amount is a <br> percentage of the difference <br> between your Account Value <br> and your Adjusted Purchase <br> Payments. The percentage is <br> determined by your age on the <br> day we receive your <br> application:<br>●45% if you are age 69 or <br> younger;<br>●25% if you are between the <br> ages of 70 and 79, and the <br> EEB Premier amount locks <br> in on the Account <br> Anniversary following your <br> 85<sup>th</sup> birthday.<br>●EEB Premier amount is subject <br> to a cap.<br>●Withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> amount withdrawn.<br>●Annuitizing the Contract <br> terminates the benefit.<br>|
| **Earnings** <br> **Enhancement** <br> **Benefit** <br> **Premier with** <br> **5% Roll-Up** <br> **("EEB** <br> **Premier with** <br> **5%** <br> **Roll-Up")** <br> **Death Benefit**<br>| Pays a death benefit equal <br> to the 5% Roll-Up Death <br> Benefit PLUS the EEB <br> Premier amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Formula for calculating <br> EEB Premier amount is <br> determined by your age on <br> the day we receive your <br> application.<br>| Optional | 0.40% of <br> average <br> daily <br> Variable <br> Account <br> Value<br>| 0.40% of <br> average <br> daily <br> Variable <br> Account <br> Value<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●No longer available.<br> ●EEB Premier amount is a <br> percentage of the difference <br> between your Account Value <br> and your Adjusted Purchase <br> Payments. The percentage is <br> determined by your age on the <br> day we receive your <br> application:<br>●45% if you are age 69 or <br> younger;<br>●25% if you are between the <br> ages of 70 and 79, and the <br> EEB Premier amount locks <br> in on the Account <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;&nbsp;&nbsp;&nbsp; Anniversary following your <br> 85<sup>th</sup> birthday.<br>●EEB Premier amount is subject <br> to a cap.<br>●Withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> amount withdrawn.<br>●Annuitizing the Contract <br> terminates the benefit.<br>|
| **Income Riser** <br> **(SIR) Living** <br> **Benefit**<br>| Allows you to withdraw a <br> guaranteed amount of <br> money each year, for life <br> (on a single- or joint-life <br> basis), regardless of <br> investment performance <br> provided you comply with <br> certain requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes an annual step-up <br> (based on the Account <br> Value on each Account <br> Anniversary) and bonus <br> feature that may increase <br> the guaranteed benefit.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the bonus feature, <br> your benefit base may <br> increase by a percentage of <br> your bonus base on each <br> Account Anniversary in the <br> bonus period. The initial <br> bonus period may be <br> extended at each step-up, if <br> any, during the bonus <br> period.<br>| Optional | 1.30% of <br> the highest <br> Withdrawal <br> Benefit <br> Base during <br> the Account <br> Year for <br> joint-life <br> coverage <br> (1.10% for <br> single-life <br> coverage)<br>| 0.325% of <br> the <br> Withdrawal <br> Benefit <br> Base on the <br> last day of <br> the Account <br> Quarter for <br> joint-life <br> coverage <br> (0.275% for <br> single-life <br> coverage)<br>| &nbsp;&nbsp;&nbsp; ●Cannot be elected after the <br> Contract is issued.<br>●Cannot make additional <br> Purchase Payments after your <br> first Account Year.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●The timing and amount of your <br> withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn, and may <br> terminate the benefit and the <br> Contract.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger withdrawals in later <br> years.<br>●All withdrawals reduce the <br> potential for step-ups.<br>●Bonus period ends on the later <br> of 10 years after the Contract is <br> issued or 10 years after most <br> recent step-up (step-up feature <br> may be available until the <br> Annuity Income Date).<br>●No step-up if Account Value is <br> $5,000,000 or more.<br>●A step-up may increase your <br> charge (no future step-ups if <br> you refuse consent to a charge <br> increase).<br>●You may terminate at any time. <br> Once terminated, the benefit <br> may not be reinstated.<br>●Terminates if you annuitize. |

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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>|
| **Secured** <br> **Returns for** <br> **Life Living** <br> **Benefit**<br>| Guarantees a return of your <br> initial Purchase Payment <br> (adjusted for subsequent <br> Purchase Payments and <br> withdrawals) during the <br> accumulation period, <br> regardless of investment <br> performance, provided you <br> comply with certain <br> requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes a step-up feature <br> (based on Account Value) <br> that may allow you to <br> increase your guaranteed <br> amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> The guaranteed amount can <br> be paid out under:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> A Guaranteed Minimum <br> Accumulation Benefit <br> ("AB") Plan, which returns <br> your guaranteed amount on <br> the AB Plan Maturity Date; <br> or<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> A Guaranteed Minimum <br> Withdrawal Benefit ("WB") <br> Plan, which provides for <br> either return of your <br> guaranteed amount through <br> periodic withdrawals or, if <br> you meet certain <br> conditions, payments for <br> life.<br>| Optional | 0.50% of <br> the highest <br> Account <br> Value <br> during the <br> Account <br> Year.<br>| 0.125% of <br> the Account <br> Value at the <br> end of each <br> Account <br> Quarter.<br>&nbsp;&nbsp;&nbsp; ●No longer available.<br> ●Guaranteed amount can be less <br> than Account Value.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●The timing and amount of your <br> withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn, and may <br> terminate the benefit and the <br> Contract.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger withdrawals in later <br> years.<br>●All withdrawals reduce the <br> potential for step-ups.<br>●Automatic enrollment in the <br> AB Plan continues unless you <br> elect the WB Plan.<br>●AB Plan matures on the later <br> of the 10<sup>th</sup> Account <br> Anniversary or 10 years after <br> the most recent step-up (may <br> be available until the <br> Maximum Annuity <br> Commencement Date).<br>●Under the AB Plan, Purchase <br> Payments after the second <br> Account Anniversary may be <br> disadvantageous, as they may <br> increase the guaranteed <br> amount by less than 100% of <br> the amount of the payments.<br>●WB Plan may be elected prior <br> to the earliest of the Maximum <br> Annuity Commencement Date, <br> the date you annuitize, and the <br> date the AB Plan matures.<br>●Once you elect the WB Plan, <br> you may not change to the AB <br> Plan.<br>●Under the WB Plan, no <br> additional Purchase Payments <br> after your fourth Account <br> Anniversary.<br>|

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|:---|:---|:---|:---|
| **Name of** <br> **Benefit**<br>| **Is Benefit**<br> **Standard**<br> **or**<br> **Optional**<br>| **Maximum**<br> **Fee**<br>| **Current** <br> **Fee**<br>|
|  |  |  | &nbsp;&nbsp;&nbsp; ●Step-ups may be elected on or <br> after your third Account <br> Anniversary.<br>●At least 3 full years must pass <br> before you can elect another <br> step-up.<br>●Step-ups may be subject to <br> additional timing restrictions.<br>●Step-ups limited by maximum <br> Account Value of $5 million.<br>●A step-up may increase your <br> charge.<br>●Charges will continue until the <br> 7<sup>th</sup> Account Anniversary if the <br> benefit is cancelled because <br> you have violated the <br> investment restrictions or <br> assigned the Contract.<br>●You may revoke the benefit at <br> any time after the 7<sup>th</sup> Account <br> Anniversary.<br>●Once the benefit is cancelled <br> or revoked, it cannot be <br> reinstated.<br>●Annuitization terminates the <br> benefit.<br>|
| **Secured** <br> **Returns** <br> **Living** <br> **Benefit**<br>Guarantees a return of your <br> initial Purchase Payment <br> plus a percentage of any <br> subsequent Purchase <br> Payments (adjusted for any <br> withdrawals) during the <br> accumulation period, <br> regardless of investment <br> performance, provided you <br> comply with certain <br> requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> The guaranteed amount can <br> be paid out under:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> A Guaranteed Minimum <br> Accumulation Benefit <br> ("AB") Plan, which returns <br> your guaranteed amount on <br> the 10<sup>th</sup> Account <br> Anniversary; or<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> A Guaranteed Minimum <br> Withdrawal Benefit ("WB") <br> Plan, which returns your<br>| Optional | 0.40% of <br> average <br> daily net <br> assets.<br>| 0.40% of <br> average <br> daily net <br> assets<br>&nbsp;&nbsp;&nbsp; ●No longer available.<br> ●Guaranteed amount can be less <br> than Account Value.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●Withdrawals will reduce your <br> guaranteed amount, and may <br> significantly reduce the benefit <br> if Account Value is lower than <br> the guaranteed amount.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger withdrawals in later <br> years.<br>●Automatic enrollment in the <br> AB Plan continues unless you <br> elect the WB Plan.<br>●AB Plan matures on the 10<sup>th</sup> <br> Account 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>|
|  | guaranteed amount through <br> periodic withdrawals until <br> your guaranteed amount <br> equals zero.<br>|  |  |  | &nbsp;&nbsp;&nbsp; ●Under the AB Plan, Purchase <br> Payments after the second <br> Account Anniversary may be <br> disadvantageous, as they may <br> increase the guaranteed <br> amount by less than 100% of <br> the amount of the payments.<br>●WB Plan may be elected prior <br> to the earliest of your 81<sup>st</sup> <br> birthday, the 10<sup>th</sup> Account <br> Anniversary, and annuitization.<br>●Once you elect the WB Plan, <br> you may not change to the AB <br> Plan.<br>●Under the WB Plan, no <br> additional Purchase Payments <br> after your fourth Account <br> Anniversary.<br>●Under the WB Plan, if your <br> Account Value drops to zero, <br> no subsequent Purchase <br> Payments will be accepted and <br> no death benefit will be <br> payable.<br>●Charges will continue until the <br> 7<sup>th</sup> Account Anniversary if the <br> benefit is cancelled because <br> you have violated the <br> investment restrictions or <br> assigned the Contract.<br>●You may revoke the benefit at <br> any time after the 7<sup>th</sup> Account <br> Anniversary.<br>●Once the benefit is cancelled <br> or revoked, it cannot be <br> reinstated.<br>●Annuitization terminates the <br> benefit.<br>|
| **Secured** <br> **Returns 2** <br> **Living** <br> **Benefit**<br>| Guarantees a return of your <br> initial Purchase Payment <br> (adjusted for subsequent <br> Purchase Payments and <br> withdrawals) during the <br> accumulation period, <br> regardless of investment <br> performance, provided you <br> comply with certain <br> requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes step-up and refund <br> features that may allow you<br>| Optional | 0.50% of <br> the highest <br> Account <br> Value <br> during the <br> Account <br> Year.<br>| 0.125% of <br> the Account <br> Value at the <br> end of each <br> Account <br> Quarter.<br>| &nbsp;&nbsp;&nbsp; ●No longer available.<br> ●Guaranteed amount can be less <br> than your Account Value.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●Withdrawals will reduce your <br> guaranteed amount, and may <br> significantly reduce the benefit <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>|
|  | to increase your guaranteed <br> amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> The guaranteed amount can <br> be paid out under:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> A Guaranteed Minimum <br> Accumulation Benefit <br> ("AB") Plan, which returns <br> your guaranteed amount on <br> the AB Plan Maturity Date; <br> or<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> A Guaranteed Minimum <br> Withdrawal Benefit ("WB") <br> Plan, which provides for <br> return of your guaranteed <br> amount through periodic <br> withdrawals until your <br> guaranteed amount equals <br> zero.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the step-up feature, <br> you may increase your <br> guaranteed amount to equal <br> the Account Value under <br> certain conditions.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the refund feature, <br> we may refund your benefit <br> charges if you are in the AB <br> Plan and Account Value is <br> greater than or equal to <br> your guaranteed amount on <br> the AB Maturity Date.<br>|  |  | &nbsp;&nbsp;&nbsp; if Account Value is lower than <br> the guaranteed amount.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger withdrawals in later <br> years.<br>●Automatic enrollment in the <br> AB Plan continues unless you <br> elect the WB Plan.<br>●AB Plan matures on the later <br> of your 10<sup>th</sup> Account <br> Anniversary or 10 years from <br> your most recent step-up.<br>●Under the AB Plan, additional <br> Purchase Payments after the <br> second Account Anniversary <br> may be disadvantageous, as <br> they may increase the <br> guaranteed amount by less than <br> 100% of the amount of the <br> payments.<br>●WB Plan may be elected any <br> time after your first Account <br> Anniversary and before the <br> earliest of your 81<sup>st</sup> birthday, <br> the date you annuitize, and the <br> date your AB Plan matures.<br>●Once you elect the WB Plan, <br> you may not change to the AB <br> Plan.<br>●Under the WB Plan, no <br> additional Purchase Payments <br> after your fourth Account <br> Anniversary.<br>●Refund feature not available <br> under the WB Plan.<br>●Under the WB Plan, if your <br> Account value drops to zero, <br> no subsequent Purchase <br> Payments will be accepted and <br> no death benefit will be <br> payable.<br>●Step-ups may be elected after <br> your fifth Account <br> Anniversary.<br>●At least 5 full years must pass <br> before you can elect another <br> step-up.<br>●Step-ups may be subject to <br> additional timing and age <br> restrictions.<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; ●A step-up may increase your <br> charge.<br>●Charges will continue until the <br> 7<sup>th</sup> Account Anniversary if the <br> benefit is cancelled because <br> you have violated the <br> investment restrictions or <br> assigned the Contract.<br>●You may revoke the benefit at <br> any time after the 7<sup>th</sup> Account <br> Anniversary.<br>●Once the benefit is cancelled <br> or revoked, it cannot be <br> reinstated.<br>●Annuitization terminates the <br> benefit.<br>|
| **Secured** <br> **Returns for** <br> **Life Plus**<sup>SM</sup> <br> **Living** <br> **Benefit**<br>| Guarantees a return of your <br> initial Purchase Payment <br> (adjusted for subsequent <br> Purchase Payments and <br> withdrawals) during the <br> accumulation period, <br> regardless of investment <br> performance, provided you <br> comply with certain <br> requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes step-up, refund, <br> and bonus features that may <br> allow you to increase your <br> guaranteed amount under <br> certain conditions.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> The guaranteed amount can <br> be paid out under:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> A Guaranteed Minimum <br> Accumulation Benefit <br> ("AB") Plan, which returns <br> your guaranteed amount on <br> the AB Plan Maturity Date; <br> or<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> A Guaranteed Minimum <br> Withdrawal Benefit ("WB") <br> Plan, which provides for <br> either return of your <br> guaranteed amount through <br> periodic withdrawals or, if <br> you meet certain <br> conditions, payments for <br> life.<br>| Optional | 0.50% of <br> the highest <br> Account <br> Value <br> during the <br> Account <br> Year.<br>| 0.125% of <br> the Account <br> Value at the <br> end of each <br> Account <br> Quarter.<br>| &nbsp;&nbsp;&nbsp; ●No longer available.<br> ●Guaranteed amount can be less <br> than your Account Value.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●The timing and amount of your <br> withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn, and may <br> terminate the benefit and the <br> Contract.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger withdrawals in later <br> years.<br>●Automatic enrollment in the <br> AB Plan continues unless you <br> elect the WB Plan.<br>●The AB Plan matures on the <br> AB Plan Maturity Date, which <br> will be the later of your 10th <br> Account Anniversary or ten <br> years from your last step-up <br> (may be available until the <br> Maximum Annuity <br> Commencement Date).<br>●Under the AB Plan, additional <br> Purchase Payments after the <br> second Account Anniversary <br> may be disadvantageous, as <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>|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the step-up feature, <br> you may increase your <br> guaranteed amount to equal <br> the Account Value under <br> certain conditions.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the refund feature, <br> we may refund your benefit <br> charges if you are in the AB <br> Plan and Account Value is <br> greater than or equal to <br> your guaranteed amount on <br> the AB Maturity Date.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the bonus feature <br> (the "Plus 5 Program"), <br> your guaranteed amount <br> may increase by a bonus if <br> you are in the WB Plan. <br> During the bonus period, a <br> bonus equal to 5% of your <br> bonus base will accrue in <br> Account Years when you do <br> not take a withdrawal.<br>|  |  | &nbsp;&nbsp;&nbsp; they may increase your <br> guaranteed amount and bonus <br> base by less than 100% of the <br> amount of the payments.<br>●WB Plan may be elected prior <br> to the earliest of your AB <br> Maturity Date, the Contract's <br> Maximum Annuity <br> Commencement Date, and the <br> date you annuitize.<br>●Once you elect the WB Plan, <br> you may not change to the AB <br> Plan.<br>●Under the WB Plan, no <br> additional Purchase Payments <br> after your fourth Account <br> Anniversary.<br>●Refund feature not available <br> under the WB Plan.<br>●Step-ups may be elected on or <br> after your first Account <br> Anniversary.<br>●At least one full year must pass <br> before you can elect another <br> step-up.<br>●Step-ups may be subject to <br> additional timing restrictions.<br>●Step-ups limited by maximum <br> Account Value of $5 million.<br>●A step-up may increase your <br> charge.<br>●Plus 5 Program bonus period is <br> available until the earlier of the <br> end of the first 10 Account <br> Years or your 80th birthday.<br>●No bonus will be accrued or <br> applied in any Account Year <br> where you take a withdrawal.<br>●You must elect the WB Plan <br> for a bonus to be applied under <br> the Plus 5 Program.<br>●A step-up under the AB Plan <br> will reduce the amount of the <br> Plus 5 Program bonus that may <br> be applied under the WB Plan.<br>●Charges will continue until the <br> 7<sup>th</sup> Account Anniversary if the <br> benefit is cancelled because <br> you have violated the <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; investment restrictions or <br> assigned the Contract.<br>●You may revoke the benefit at <br> any time after the 7<sup>th</sup> Account <br> Anniversary.<br>●Once the benefit is cancelled <br> or revoked, it cannot be <br> reinstated.<br>●Annuitization terminates the <br> benefit.<br>|
| **Retirement** <br> **Income** <br> **Escalator**<sup>SM</sup> <br> **Living** <br> **Benefit**<br>| Allows you to withdraw a <br> guaranteed amount of <br> money each year, for life <br> (on a single- or joint-life <br> basis), regardless of <br> investment performance <br> provided you comply with <br> certain requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes an annual step-up <br> (based on the Account <br> Value on each Account <br> Anniversary) and bonus <br> feature that may increase <br> the benefit base.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the bonus feature, <br> your benefit base may <br> increase by 7% of your <br> bonus base on each <br> Account Anniversary in the <br> bonus period. The bonus <br> period may be extended at <br> each step-up, if any, during <br> the bonus period.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Also provides opportunity <br> to increase the percentage <br> used to calculate your <br> guaranteed withdrawal <br> amount. You may become <br> eligible for a higher <br> percentage by deferring the <br> beginning of guaranteed <br> withdrawals.<br>| Optional | 0.95% of <br> the highest <br> Withdrawal <br> Benefit <br> Base during <br> the Account <br> Year for <br> joint-life <br> coverage <br> (0.75% for <br> single-life <br> coverage)<br>| 0.2375% of <br> the <br> Withdrawal <br> Benefit <br> Base on the <br> last day of <br> the Account <br> Quarter for <br> joint-life <br> coverage <br> (0.1875% <br> for <br> single-life <br> coverage)<br>| &nbsp;&nbsp;&nbsp; ●No longer available.<br> ●No additional Purchase <br> Payments after the first <br> Account Anniversary.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●The timing and amount of your <br> withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn, and may <br> terminate the benefit and the <br> Contract.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger guaranteed withdrawals <br> in later years.<br>●All withdrawals reduce the <br> potential for step-ups.<br>●Bonus period ends on the later <br> of 10 years after the Contract is <br> issued or 10 years after the <br> most recent step-up (may be <br> available until the Annuity <br> Income Date).<br>●No step-up if Account Value is <br> $5,000,000 or more.<br>●A step-up may increase your <br> charge (no future step-ups if <br> you do not consent to a charge <br> increase).<br>●You may terminate at any time. <br> Once terminated, the benefit <br> may not be reinstated.<br>●Terminates if you annuitize. |
| **Income ON** | Allows you to withdraw a | Optional | 0.85% of | 0.2125% of | ●No longer available. |

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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>|
| **Demand**<sup>®</sup> <br> **Living** <br> **Benefit** <br> **("IOD")**<br>| guaranteed amount of <br> money each year, for life <br> (on a single- or joint-life <br> basis), regardless of <br> investment performance <br> provided you comply with <br> certain requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes a stored income <br> feature. Any guaranteed <br> amount you do not <br> withdraw in a given year <br> will be stored in the Stored <br> Income Balance and can be <br> withdrawn in the future.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the stored income <br> feature, all or part of the <br> Stored Income Balance can <br> be used to effect a <br> "one-time" increase of the <br> benefit base used to <br> calculate your guaranteed <br> withdrawal amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Also includes an annual <br> step-up (based on the <br> Account Value and Stored <br> Income Balance, if any, on <br> each Account Anniversary) <br> that may increase the <br> guaranteed benefit.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Also includes a return of <br> Purchase Payments feature. <br> If you make no withdrawals <br> during the first 10 Account <br> Years, we will credit your <br> Account Value with the <br> excess of your total <br> Purchase Payments over <br> your then Account Value.<br>|  | the highest <br> Income <br> Benefit <br> Base during <br> the Account <br> Year for <br> joint-life <br> coverage <br> (0.65% for <br> single-life <br> coverage)<br>| the Income <br> Benefit <br> Base on the <br> last day of <br> the Account <br> Quarter for <br> joint-life <br> coverage <br> (0.1625% <br> for <br> single-life <br> coverage)<br>| &nbsp;&nbsp;&nbsp; ●No additional Purchase <br> Payments after the first <br> Account Anniversary.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●The timing and amount of your <br> withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn, and may <br> terminate the benefit and the <br> Contract.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger guaranteed withdrawals <br> in later years.<br>●The "one-time" use of the <br> Stored Income Balance to <br> increase the Income Benefit <br> Base must be exercised within <br> specified time limits prior to <br> your Annuity Commencement <br> Date.<br>●Step-ups limited by a <br> maximum Account Value of <br> $5 million.<br>●A step-up may increase your <br> charge (no future step-ups if <br> you do not consent to a charge <br> increase).<br>●You may terminate at any time. <br> Once terminated, the benefit <br> may not be reinstated.<br>●Terminates if you annuitize. |
| **Income ON** <br> **Demand**<sup>®</sup> **II** <br> **Living** <br> **Benefit**<br>| Allows you to withdraw a <br> guaranteed amount of <br> money each year, for life <br> (on a single- or joint-life <br> basis), regardless of <br> investment performance <br> provided you comply with <br> certain requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes a stored income <br> feature. Any guaranteed<br>| Optional | 0.85% of <br> the highest <br> Fee Base <br> during the <br> Account <br> Year for <br> joint-life <br> coverage <br> (0.65% for <br> single-life <br> coverage)<br>| 0.2125% of <br> the Fee <br> Base on the <br> last day of <br> the Account <br> Quarter for <br> joint-life <br> coverage <br> (0.1625% <br> for <br> single-life<br>| &nbsp;&nbsp;&nbsp; ●No longer available.<br> ●No additional Purchase <br> Payments after the first <br> Account Anniversary.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<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>|
|  | amount you do not <br> withdraw in a given year <br> will remain in the Stored <br> Income Balance and can be <br> withdrawn in the future.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the stored income <br> feature, all or part of the <br> Stored Income Balance can <br> be used to effect a <br> "one-time" increase of the <br> benefit base used to <br> calculate your guaranteed <br> withdrawal amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Also includes an annual <br> step-up (based on the <br> Account Value and Stored <br> Income Balance, if any, on <br> each Account Anniversary) <br> that may increase the <br> guaranteed benefit.<br>|  |  | coverage) | &nbsp;&nbsp;&nbsp; ●The timing and amount of your <br> withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn, and may <br> terminate the benefit and the <br> Contract.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger guaranteed withdrawals <br> in later years.<br>●The "one-time" use of the <br> Stored Income Balance to <br> increase the Income Benefit <br> Base must be exercised prior to <br> your Annuity Commencement <br> Date.<br>●Step-ups may be limited by <br> maximum Account Value and <br> Stored Income Balance <br> restrictions.<br>●A step-up may increase your <br> charge (no future step-ups if <br> you do not consent to a charge <br> increase).<br>●You may terminate at any time. <br> Once terminated, the benefit <br> may not be reinstated.<br>●Terminates if you annuitize. |
| **Income ON** <br> **Demand® II** <br> **Plus Living** <br> **Benefit**<br>| Allows you to withdraw a <br> guaranteed amount of <br> money each year, for life <br> (on a single- or joint-life <br> basis), regardless of <br> investment performance <br> provided you comply with <br> certain requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes a stored income <br> feature. Any guaranteed <br> amount you do not <br> withdraw in a given year <br> will remain in the Stored <br> Income Balance and can be <br> withdrawn in the future.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the stored income <br> feature, all or part of the <br> Stored Income Balance can <br> be used to effect a <br> "one-time" increase of the<br>| Optional | 1.15% of <br> the highest <br> Fee Base <br> during the <br> Account <br> Year for <br> joint-life <br> coverage <br> (0.95% for <br> single-life <br> coverage)<br>| 0.2875% of <br> the Fee <br> Base on the <br> last day of <br> the Account <br> Quarter for <br> joint-life <br> coverage <br> (0.2375% <br> for <br> single-life <br> coverage)<br>| &nbsp;&nbsp;&nbsp; ●No longer available.<br> ●No additional Purchase <br> Payments after the first <br> Account Anniversary.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●The timing and amount of your <br> withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn, and may <br> terminate the benefit and the <br> Contract.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger guaranteed withdrawals <br> in later years.<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>|
|  | benefit base used to <br> calculate your guaranteed <br> withdrawal amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Also includes an annual <br> step-up (based on the <br> Account Value and Stored <br> Income Balance, if any, on <br> each Account Anniversary) <br> and bonus feature that may <br> increase the guaranteed <br> benefit.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the bonus feature, <br> your benefit base may <br> increase by 7% of your <br> bonus base on each <br> Account Anniversary in the <br> bonus period. The initial <br> bonus period may be <br> extended at each step-up, if <br> any, during the bonus <br> period.<br>|  |  |  | &nbsp;&nbsp;&nbsp; ●The "one-time" use of the <br> Stored Income Balance to <br> increase the Income Benefit <br> Base must be exercised prior to <br> your Annuity Commencement <br> Date.<br>●Bonus period ends on the later <br> of 10 years after the Contract is <br> issued or 10 years after most <br> recent step-up (may be <br> available until the Annuity <br> Income Date).<br>●Step-ups may be limited by <br> maximum Account Value and <br> Stored Income Balance <br> restrictions.<br>●A step-up may increase your <br> charge (no future step-ups if <br> you do not consent to a charge <br> increase).<br>●You may terminate at any time. <br> Once terminated, the benefit <br> may not be reinstated.<br>●Terminates if you annuitize. |
| **Retirement** <br> **Income** <br> **Escalator**<sup>SM</sup> <br> **II Living** <br> **Benefit**<br>| Allows you to withdraw a <br> guaranteed amount of <br> money each year, for life <br> (on a single- or joint-life <br> basis), regardless of <br> investment performance <br> provided you comply with <br> certain requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes an annual step-up <br> (based on the Account <br> Value on each Account <br> Anniversary) and bonus <br> feature that may increase <br> the guaranteed benefit.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the bonus feature, <br> your benefit base may <br> increase by 7% of your <br> bonus base on each <br> Account Anniversary in the <br> bonus period. The initial <br> bonus period may be <br> extended at each step-up, if <br> any, during the bonus <br> period.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Also provides opportunity<br>| Optional | 1.15% of <br> the highest <br> Withdrawal <br> Benefit <br> Base during <br> the Account <br> Year for <br> joint-life <br> coverage <br> (0.95% for <br> single-life <br> coverage)<br>| 0.2875% of <br> the <br> Withdrawal <br> Benefit <br> Base on the <br> last day of <br> the Account <br> Quarter for <br> joint-life <br> coverage <br> (0.2375% <br> for <br> single-life <br> coverage)<br> Fees are <br> lower if you <br> purchased <br> your <br> contract <br> before <br> February 17, <br> 2009 and <br> you have <br> not <br> consented <br> to higher <br> fees in <br> connection<br>| &nbsp;&nbsp;&nbsp; ●No longer available.<br> ●No additional Purchase <br> Payments after the first <br> Account Anniversary.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●The timing and amount of your <br> withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn, and may <br> terminate the benefit and the <br> Contract.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger guaranteed withdrawals <br> in later years.<br>●All withdrawals reduce the <br> potential for step-ups.<br>●Bonus period ends on the later <br> of 10 years after the Contract is <br> issued or 10 years after most <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>|
|  | to increase the percentage <br> used to calculate your <br> guaranteed withdrawal <br> amount if your age at <br> step-up makes you eligible <br> for a higher percentage.<br>|  |  | with a <br> step-up<br>| &nbsp;&nbsp;&nbsp; step-up (may be available until <br> the Annuity Income Date).<br>●The percentage used to <br> calculate the guaranteed <br> amount you can withdraw will <br> only increase if you step-up <br> after you reach certain <br> specified ages.<br>●Step-ups may be limited by <br> maximum Account Value and <br> Stored Income Balance <br> restrictions.<br>●A step-up may increase your <br> charge (no future step-ups if <br> you do not consent to a charge <br> increase).<br>●You may terminate at any time. <br> Once terminated, the benefit <br> may not be reinstated.<br>●Terminates if you annuitize. |
| **Income ON** <br> **Demand**<sup>®</sup> **II** <br> **Escalator** <br> **Living** <br> **Benefit**<br>| Allows you to withdraw a <br> guaranteed amount of <br> money each year, for life <br> (on a single- or joint-life <br> basis), regardless of <br> investment performance <br> provided you comply with <br> certain requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes a stored income <br> feature. Any guaranteed <br> amount you do not <br> withdraw in a given year <br> will remain in the Stored <br> Income Balance and can be <br> withdrawn in the future.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the stored income <br> feature, all or part of the <br> Stored Income Balance can <br> be used to effect a <br> "one-time" increase of the <br> benefit base used to <br> calculate your guaranteed <br> withdrawal amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Also includes an annual <br> step-up (based on the <br> Account Value and Stored <br> Income Balance, if any, on <br> each Account Anniversary) <br> that may increase the<br>| Optional | 1.15% of <br> the highest <br> Fee Base <br> during the <br> Account <br> Year for <br> joint-life <br> coverage <br> (0.95% for <br> single-life <br> coverage)<br>| 0.2875% of <br> the Fee <br> Base on the <br> last day of <br> the Account <br> Quarter for <br> joint-life <br> coverage <br> (0.2375% <br> for <br> single-life <br> coverage)<br> Fees are <br> lower if you <br> purchased <br> your <br> contract <br> before <br> February 17, <br> 2009 and <br> you have <br> not <br> consented <br> to higher <br> fees in <br> connection <br> with a <br> step-up.<br>| &nbsp;&nbsp;&nbsp; ●No longer available.<br> ●No additional Purchase <br> Payments after the first <br> Account Anniversary.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●The timing and amount of your <br> withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn, and may <br> terminate the benefit and the <br> Contract.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger guaranteed withdrawals <br> in later years.<br>●The "one-time" use of the <br> Stored Income Balance to <br> increase the Income Benefit <br> Base must be exercised prior to <br> your Annuity Commencement <br> Date.<br>●The percentage used to <br> calculate the guaranteed <br> amount you can withdraw will <br> only increase if you step-up <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>|
|  | guaranteed benefit.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Also provides opportunity <br> to increase the percentage <br> used to calculate your <br> guaranteed withdrawal <br> amount if your age at <br> step-up makes you eligible <br> for a higher percentage.<br>|  |  |  | &nbsp;&nbsp;&nbsp; after you reach certain <br> specified ages.<br>●A step-up may increase your <br> charge (no future step-ups if <br> you do not consent to a charge <br> increase).<br>●You may terminate at any time. <br> Once terminated, the benefit <br> may not be reinstated.<br>●Terminates if you annuitize.<br> ●Change of ownership may also <br> cancel the benefit.<br>|
| **Retirement** <br> **Asset** <br> **Protector**<sup>SM</sup> <br> **Living** <br> **Benefit**<br>| Guarantees a return of the <br> greater of:<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> The excess of your benefit <br> base over your Account <br> Value; or<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Your total fees paid for the <br> benefit.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> The return is guaranteed <br> regardless of investment <br> performance provided you <br> reach the maturity date.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes an annual step-up <br> (based on the Account <br> Value on each Account <br> Anniversary) that may <br> increase the guaranteed <br> benefit.<br>| Optional | 0.75 of the <br> highest <br> benefit base <br> during the <br> Account <br> Year.<br>| 0.1875% of <br> the benefit <br> base on the <br> last day of <br> the Account <br> Quarter.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Fees are <br> lower if you <br> purchased <br> your <br> contract <br> before <br> February 17, <br> 2009 and <br> you have <br> not <br> consented <br> to higher <br> fees in <br> connection <br> with a <br> step-up.<br>| &nbsp;&nbsp;&nbsp; ●No longer available.<br> ●No additional Purchase <br> Payments accepted after the <br> first Account Anniversary.<br>●The maturity date is based on <br> your age when the Contract is <br> issued.<br>●If you are younger than 85 on <br> the Issue Date, your maturity <br> date is the later of your 10<sup>th</sup> <br> Account Anniversary or 10 <br> years from the date of your <br> most recent step-up.<br>●If you are 85 on the Issue Date, <br> your maturity date is your <br> Maximum Annuity <br> Commencement Date.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●Withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn, and may <br> terminate the benefit and the <br> Contract.<br>●Step-ups may be elected on or <br> after your first Account <br> Anniversary.<br>●At least one full year must pass <br> before you can elect another <br> step-up.<br>●Step-ups may be limited by <br> maximum Account Value of <br> $5 million.<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; ●A step-up will increase your <br> charge.<br>●You may terminate at any time. <br> Once terminated, the benefit <br> may not be reinstated.<br>●Terminates if you annuitize. |
| **Income ON** <br> **Demand**<sup>®</sup> **III** <br> **Escalator** <br> **Living** <br> **Benefit**<br>| Allows you to withdraw a <br> guaranteed amount of <br> money each year, for life <br> (on a single- or joint-life <br> basis), regardless of <br> investment performance <br> provided you comply with <br> certain requirements.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Includes a stored income <br> feature. Any guaranteed <br> amount you do not <br> withdraw in a given year <br> will remain in the Stored <br> Income Balance and can be <br> withdrawn in the future.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Under the stored income <br> feature, all or part of the <br> Stored Income Balance can <br> be used to effect a <br> "one-time" increase of the <br> benefit base used to <br> calculate your guaranteed <br> withdrawal amount.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Also includes an annual <br> step-up (based on the <br> Account Value and Stored <br> Income Balance, if any, on <br> each Account Anniversary) <br> that may increase the <br> guaranteed benefit.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> Also provides opportunity <br> to increase the percentage <br> used to calculate your <br> guaranteed withdrawal <br> amount if your age at <br> step-up makes you eligible <br> for a higher percentage.<br>| Optional | 1.30% of <br> the highest <br> Fee Base <br> during the <br> Account <br> Year for <br> joint-life <br> coverage <br> (1.10% for <br> single-life <br> coverage)<br>| 0.3250% of <br> your Fee <br> Base on the <br> last day of <br> the Account <br> Quarter for <br> joint-life <br> coverage <br> (0.2750% <br> for <br> single-life <br> coverage)<br>| &nbsp;&nbsp;&nbsp; ●No longer available.<br> ●No additional Purchase <br> Payments after the first <br> Account Anniversary.<br>●Investment restrictions limit <br> available Investment Options.<br>●Investment or transfer outside <br> the investment restrictions will <br> terminate the benefit.<br>●The timing and amount of your <br> withdrawals may significantly <br> reduce the benefit, including <br> by an amount greater than the <br> value withdrawn, and may <br> terminate the benefit and the <br> Contract.<br>●Deferring withdrawals in early <br> years may allow you to take <br> larger guaranteed withdrawals <br> in later years.<br>●The "one-time" use of the <br> Stored Income Balance to <br> increase the Income Benefit <br> Base must be exercised prior to <br> your Annuity Commencement <br> Date.<br>●The percentage used to <br> calculate the guaranteed <br> amount you can withdraw will <br> only increase if you step-up <br> after you reach certain <br> specified ages.<br>●Step-ups may be limited by <br> maximum Account Value and <br> Stored Income Balance <br> restrictions.<br>●A step-up may increase your <br> charge (no future step-ups if <br> you do not consent to a charge <br> increase).<br>●You may terminate at any time. <br> Once terminated, the benefit <br> may not be reinstated.<br>●Terminates if you annuitize. |

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**WITHDRAWALS, WITHDRAWAL CHARGES, AND MARKET VALUE ADJUSTMENT** 

**Cash Withdrawals** 

***Requesting a Withdrawal*** 

At any time during the Accumulation Phase, you may withdraw in cash all or any portion of your Account 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 to withdraw the entire amount of your Account or, if less, the amount you wish to receive.

All withdrawals may be subject to a withdrawal charge. (See "Withdrawal Charge") Withdrawals from your Fixed Account Value also may be subject to a Market Value Adjustment. (See "Market Value Adjustment.") Upon request, we will notify you of the amount we would pay in the event of a full withdrawal. Withdrawals also may have adverse federal income tax consequences including a 10% additional tax. (See "TAX PROVISIONS.") You should carefully consider these tax consequences before requesting a cash withdrawal.

***Full Withdrawals*** 

If you request a full withdrawal, we calculate the amount we will pay you as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● first we determine your Account Value based on any Fixed Account Value and on the price next determined for each Sub-Account 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 Account Fee, if applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● we calculate and then add the amount of any Market Value Adjustment applicable to your Fixed Account Value; and finally,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● we calculate and deduct any applicable withdrawal charge.

A full withdrawal results in the surrender of your Contract, cancellation of all rights and privileges under your Contract, and your optional living benefit will end.

***Partial Withdrawals*** 

When you request a partial withdrawal, 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 Account Value (thereby reducing your Account Value by the amount of your partial withdrawal request plus any applicable withdrawal charges).

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.** 

You may specify the amount you want withdrawn from each Sub-Account and/or Guarantee Amount to which your Account is allocated. If you do not so specify, we will deduct the total amount you request pro-rata, based on your Account Value at the end of the Valuation Period during which we receive your request. If you have elected "Build Your Own Portfolio," withdrawals out of your portfolio model will be taken pro-rata from each of your selected Funds.

**Withdrawals may significantly reduce any death benefit and/or living benefit amount. In calculating the amount payable under the living benefit or death benefit, we may reduce the benefit by an amount that is greater than the amount of the withdrawal, depending on the circumstances. Accordingly, you should refer to the more detailed discussions of the optional living benefits and the death benefits that appear elsewhere in this Prospectus (and in the Appendices hereto) for information about the effects that withdrawals will have on those benefits.** 

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If you request a partial withdrawal that would result in your Account Value being reduced to an amount less than the Account Fee for the Account Year in which you make the withdrawal, we reserve the right to treat it as a request for a full withdrawal (i.e., a surrender of your Contract).

***Time of Payment*** 

We will pay you the applicable amount of any full or partial withdrawal within seven days after we receive your withdrawal request in Good Order, except in cases where we are permitted, and choose, to defer payment under the Investment Company Act of 1940 and applicable state insurance law. Currently, we may defer payment of amounts you withdraw from the Variable Account only for the following periods:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when the New York Stock Exchange is closed (except weekends and holidays) or when the SEC determines trading on the New York Stock Exchange is restricted;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when an SEC order permits us to defer payment for the protection of Participants; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when mandated by applicable law.

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, loan, or death benefit from the corresponding Sub-Account until the Fund is liquidated. We also may defer payment of amounts you withdraw from the Fixed Account for up to six months from the date we receive your withdrawal request. We do not pay interest on the amount of any payments we defer.

If mandated under applicable law, we may be required to reject a Purchase Payment and/or block a Contract Owner's account and thereby refuse to pay 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 account to governmental regulators.

***Withdrawal Restrictions for Qualified Plans*** 

If your Contract is a Qualified Contract, you should carefully check the terms of your retirement plan for limitations and restrictions on cash withdrawals.

Special restrictions apply to withdrawals from Contracts used for Section 403(b) annuities. (See "*Tax-Sheltered Annuities*" under "TAX PROVISIONS.")

**Withdrawal Charge** 

We do not deduct any sales charge from your Purchase Payments when they are made. However, we may impose a withdrawal charge (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.

***Free Withdrawal Amount*** 

In each Account Year you may withdraw a portion of your Account Value, which we call the "free withdrawal amount," before incurring the withdrawal charge.

For the first Account Year, the free withdrawal amount is equal to 15% of the amount of all Purchase Payments you have made. For all other Account Years, the free withdrawal amount is equal to the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Contract earnings (defined below) minus all withdrawals previously taken that were not subject to withdrawal charges, or

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● 15% of the amount of all Purchase Payments made in the last seven Account Years (including the current Account Year), minus all withdrawals taken during the current Account Year that were not subject to withdrawal charges.

Your Contract earnings are determined according to the following formula:

(AV - PP) + WD

Where:

AV = Account Value on the business day prior to the day we receive your withdrawal request.

PP = All Purchase Payments.

WD = All withdrawals and withdrawal charges taken.

For an example of how we calculate the "free withdrawal amount," see "APPENDIX E - 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 in excess of your free withdrawal amount, then that excess will be subject to a withdrawal charge. We will withdraw the excess, in order, from your oldest remaining Purchase Payment to your most recent Purchase Payment. 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, the balance withdrawn (which would include the 0.15% credit described under "Mortality and Expense Risk Charge") is considered to be earnings and is not subject to a withdrawal charge.

***Calculation of Withdrawal Charge*** 

We calculate the amount of the withdrawal charge by multiplying the Purchase Payments you withdraw by a percentage. The percentage varies according to the number of Account Years the Purchase Payment has been held in your Account. Each Purchase Payment begins a new 7-year period and moves down the declining withdrawal charge scale as shown below at each Account Anniversary. If a Purchase Payment is withdrawn during the same Account Year as it was made, it will have an 8% withdrawal charge. On your next scheduled Account Anniversary that Purchase Payment, along with any other Purchase Payments made during that same Account Year, will be considered to be in their second Account Year and will also have an 8% withdrawal charge. On the next Account Anniversary, these Purchase Payments will move into their third Account Year and will have a withdrawal charge of 7%. This withdrawal charge decreases according to the number of Account Years the Purchase Payment has been held in your Account. The withdrawal charge scale is as follows:

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

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The withdrawal charge will never be greater than 8% of an amount equal to your Account Value minus your "free withdrawal amount." You may want to consider deferring a withdrawal because withdrawal charges decline the longer the Purchase Payment is held in your Account.

For a Group Contract, we may modify the withdrawal charges and limits, upon notice to the Owner of the Group Contract. However, any modification will apply only to Accounts established after the date of the modification.

For additional examples of how we calculate withdrawal charges, see "APPENDIX D - WITHDRAWALS, WITHDRAWAL CHARGES, & MARKET VALUE ADJUSTMENT."

**Types of Withdrawals not Subject to Withdrawal Charge** 

***Nursing Home Waiver*** 

We will waive the withdrawal charge for a full withdrawal if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the nursing home waiver is approved in the state of issue;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● at least one year has passed since your Issue Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you are confined to an eligible nursing home and have been confined there for at least the preceding 180 days, or any shorter period required by your state; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your confinement to an eligible nursing home began after your Issue Date.

An "eligible nursing home" means a licensed hospital or licensed skilled or intermediate care nursing facility at which medical treatment is available on a daily basis and daily medical records are kept for each patient. You must provide us with evidence of confinement in the form we determine. To find out where the nursing home waiver is approved, you can call us at (877) 253-2323.

***Minimum Distributions*** 

For each Qualified Contract, the free withdrawal amount in any Account Year will be the greater of the free withdrawal amount described above or any amounts required to be withdrawn to comply with the minimum distribution requirement of the Internal Revenue Code. This waiver of the withdrawal charge applies only to the portion of the required minimum distribution attributable to that Qualified Contract.

***Other Withdrawals*** 

We do not impose withdrawal charges:

&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, except under the Cash Surrender method;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● on amounts you transfer among the Sub-Accounts, between the Sub-Accounts 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 an optional program. (See "Other Programs.")

**Market Value Adjustment** 

Market Value Adjustments only apply to Contracts investing in the Fixed Account and are only applicable to Contracts that have allocated money to the Fixed Account Guarantee Period options that we make available from time to time.

If permitted under the laws of your state, we will apply a Market Value Adjustment if you withdraw or transfer amounts from your Fixed Account Value more than 30 days before the end of the applicable Guarantee Period. For this purpose,

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using Fixed Account Value to provide an annuity is considered a withdrawal, and the Market Value Adjustment will apply. However, we will not apply the Market Value Adjustment to automatic transfers to a Sub-Account from a Guarantee Period as part of our dollar-cost averaging program.

We apply the Market Value Adjustment separately to each Guarantee Amount in the Fixed Account, that is to each separate allocation you have made to a Guarantee Period together with interest credited on that allocation. However, we do not apply the adjustment to the amount of interest credited during your current Account Year. Any withdrawal from a Guarantee Amount is attributed first to such interest.

A Market Value Adjustment may increase or have no effect on your Account Value. This will depend on changes in interest rates since you made your allocation to the Guarantee Period and the length of time remaining in the Guarantee Period. In general, if the Guaranteed Interest Rate we currently declare for Guarantee Periods equal in duration to the number of complete years remaining in your Guarantee Period (or your entire Guarantee Period for Guarantee Periods of less than one year) is lower than your Guaranteed Interest Rate, the Market Value Adjustment is likely to increase your Account Value.

Effective March 19, 2012, we have amended your Contract or Certificate by limiting (i.e., putting a "floor" on) any downward Market Value Adjustment that might be applied after March 19, 2012, to withdrawals or transfers out of a Guarantee Period. The "floor" ensures that, if you withdraw or transfer money from your Fixed Account Value more than 30 days before the end of the applicable Guarantee Period, we will not apply a Market Value Adjustment that would reduce the amount withdrawn before the deduction of any applicable Contract charges. We will, however, continue to apply any positive Market Value Adjustment that would increase the amount withdrawn.

We determine the amount of the Market Value Adjustment by multiplying the amount that is subject to the adjustment by the following formula:

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| | | |
|:---|:---|:---|
| **(** | **1 + I**<br><sup>N/12</sup> | **-1** |
| **(** | **1 + J + b**<br><sup>N/12</sup> | **-1** |

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where:

I

is the Guaranteed Interest Rate applicable to the Guarantee Amount from which you withdraw, transfer or annuitize;

J

is the Guaranteed Interest Rate we declare at the time of your withdrawal, transfer or annuitization for Guarantee Periods equal to the length of time remaining in the Guarantee Period applicable to your Guarantee Amount, rounded to the next higher number of complete years, for Guarantee Periods of one year or more. For any Guarantee Periods of less than one year, J is the Guaranteed Interest Rate we declare at the time of your withdrawal, transfer or annuitization for a Guarantee Period of the same length as your Guarantee Period. If, at that time, we do not offer the applicable Guarantee Period we will use an interest rate determined by straight-line interpolation of the Guaranteed Interest Rates for the Guarantee Periods we do offer;

N

is the number of complete months remaining in your Guarantee Period; and

b

is a factor that currently is 0%, but that in the future we may increase to up to 0.25%. Any increase would be applicable only to Participants who purchase their Contracts after the date of that increase. The "b" factor is the amount that will be used to cover market volatility (i.e., credit risk), basis risk, and/or liquidity costs.

We will apply the Market Value Adjustment to the amount being withdrawn after deduction of any Account Fee, if applicable, but before we impose any withdrawal charge on the amount withdrawn.

For examples of how we calculate the Market Value Adjustment, see "APPENDIX D - WITHDRAWALS, WITHDRAWAL CHARGES, & MARKET VALUE ADJUSTMENT."

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**CONTRACT CHARGES** 

**Account Fee** 

During the Accumulation Phase of your Contract, we will deduct an annual Account Fee of $50 from your Account Value to help cover the administrative expenses we incur related to the issuance of Contracts and the maintenance of Accounts. We deduct the Account Fee on each Account Anniversary. We deduct the Account Fee pro-rata from each Sub-Account and each Guarantee Period, based on the allocation of your Account Value on your Account Anniversary.

We will not charge the Account Fee if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value has been allocated only to the Fixed Account during the applicable Account Year; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value is $100,000 or more on your Account Anniversary.

If you make a full withdrawal of your Account Value, we will deduct the full amount of the Account Fee at the time of the withdrawal. In addition, on the Annuity Commencement Date we will deduct a pro-rata portion of the Account Fee to reflect the time elapsed between the last Account Anniversary and the day before the Annuity Commencement Date.

After the Annuity Commencement Date, we will deduct an annual Account Fee of $50 in the aggregate in equal amounts from each Variable Annuity payment we make during the year. We do not deduct any Account Fee from Fixed Annuity payments.

**Administrative Expense Charge and Distribution Fee** 

We deduct an administrative expense charge from the assets of the Variable Account during both the Accumulation Phase and the Income Phase. During the Accumulation Phase, this charge is deducted at an annual effective rate equal to 0.15% of your average daily Variable Account Value. During the Income Phase, this charge is included as part of the total insurance charges deducted from Annuity Unit values. This charge is designed to reimburse us for expenses we incur in administering the Contracts, Participant Accounts and the Variable Account that are not covered by the annual Account Fee.

We also deduct a distribution fee from the assets of the Variable Account during both the Accumulation Phase and the Income Phase. During the Accumulation Phase, this fee is deducted at an annual effective rate equal to 0.15% of your average daily Variable Account Value. During the Income Phase, this fee is included as part of the total insurance charges deducted from Annuity Unit values. This charge is designed to reimburse us for the expenses associated with distributing and issuing the Contracts.

Depending on the amount of expenses that we incur, we expect that we may earn a profit from these charges. If so, we may use the profit for any proper corporate purpose, including paying any other expenses in connection with the Contracts or adding to our corporate surplus.

**Mortality and Expense Risk Charge** 

During the Accumulation Phase, we deduct a mortality and expense risk charge from the assets of the Variable Account at an effective annual rate equal to 1.05% of your average daily Variable Account Value.

We assume numerous mortality and expense risks under the Contracts. These risks include, but are not limited to: (1) the risk that arises from our contractual obligation to continue to make annuity payments to each Annuitant, regardless of how long the Annuitant lives and regardless of how long all Annuitants as a group live; (2) the risk that arises from our contractual obligation to pay a death benefit upon the death of the Participant prior to the Annuity Commencement Date, including in cases where the death benefit is greater than a Contract's Account Value; (3) the risk that our cost of providing benefits according to the terms of any optional death benefits and any optional living benefits will exceed the amount of the charges we deduct for those optional benefits; and (4) the risk that the annual Account Fee, the administrative expense charge, and the distribution fee we assess under the Contract may be insufficient to cover the

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actual total administrative expenses we incur. If the amount of the charge is insufficient to cover our costs resulting from these and other mortality and 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 charge. We may use this profit for any proper corporate purpose, including the payment of marketing and distribution expenses for the Contract. In setting the rate of this charge, we not only consider our expected mortality and expense risks, but also our objective to earn a profit from the Contracts, after all of the costs, expenses, credits, and benefits we expect to pay in connection with the Contracts.

For Contracts purchased prior to March 5, 2007, the rate of the mortality and expense risk charge is 1.25% (rather than 1.05%), if you were age 76 or older on the Contract's Open Date. During the Income Phase, we will deduct total insurance charges at an annual rate of 1.60% of your average daily Annuity Unit values, regardless of your age on the Open Date. We will not deduct the mortality and expense risk charge; nor will we deduct the charges for any optional living benefit or optional death benefit. The 1.60% charge, which includes an administrative expense charge and a distribution fee, compensates us for the risks and expenses associated with providing annuity payments during the Income Phase. The level of these total insurance charges (1.60%) is higher than the maximum total Variable Account annual expenses without optional benefits (maximum, 1.55%) deducted during the Accumulation Phase.

**Charges for Optional Benefits** 

You may only elect the currently available **optional living benefit**. If you elect the optional living benefit, we will deduct a charge from your Account Value on the last valuation day of each Account Quarter during the Accumulation Phase. The maximum amount of the charge is shown in the following chart. (The chart shows the charge for the optional living benefit that is currently being offered. For more information about this charge, as well as the charges for forms of optional living benefits that are no longer being offered but remain in force under currently outstanding Contracts, please see "FEE TABLE.")

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| |
|:---|
| **Living Benefit** |
| Income Riser<br> &nbsp;&nbsp; 1.30% of the highest Withdrawal Benefit Base during the <br> Account Year<sup>1</sup> <br>|

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The Withdrawal Benefit Base is initially equal to your initial Purchase Payment, and thereafter is subject to certain adjustments.

If you elect the **MAV optional death benefit**, during the Accumulation Phase, we will deduct a daily charge at an effective annual rate of 0.40% of your average daily Variable Account Value. For more information about this charge, as well as the charges for optional death benefits that are no longer being offered but remain in force under currently outstanding Contracts, please see "FEE TABLE." For more information about the calculation of this charge, please see "*Variable Accumulation Unit Value*" under "Variable Account Value."

**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. In many states there is no premium tax. We believe that the amounts of applicable premium taxes currently range from 0% to 3.5%. You should consult a qualified tax professional to find out if you could be subject to a premium tax and the amount of any tax.

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. However, we reserve the right to deduct the amount of any applicable tax from your Account at any time, including at the time you make a Purchase Payment or make a full or partial withdrawal. We do not make any profit on the deductions we make to reimburse premium taxes.

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**Fund Expenses and Restrictions** 

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.

Under certain circumstances, the board of directors of a government money market fund would have the discretion to impose a liquidity fee on redemptions from the money market fund and to implement a redemption gate that would temporarily suspend redemptions from the fund. We reserve the right to implement, administer and charge you for any such fee or restriction imposed by the fund.

**Modification in the Case of Group Contracts** 

For Group Contracts, we may modify the annual Account Fee, the administrative expense charge and the mortality and expense risk charge upon notice to Participants. However, such modification will apply only with respect to Participant Accounts established after the effective date of the modification.

**OPTIONAL LIVING BENEFIT: INCOME RISER** 

Currently, you may elect to participate in Income Riser ("SIR") on or before your Issue Date. SIR provides an annual income guarantee for life. You can withdraw up to a guaranteed amount each year and, provided you meet certain requirements, we will continue to send you the guaranteed amount even if your Account Value should go to zero. Your income amount will not decrease, provided that your withdrawals do not exceed the guaranteed amount in any year. In general, the longer you wait for your first withdrawal under SIR, the larger the guaranteed Annual Withdrawal Amount. To describe how SIR works, we use the following definitions:

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| | |
|:---|:---|
| **Annual Withdrawal Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; The total guaranteed amount available for withdrawal each Account Year <br> during your life, provided that you comply with certain conditions. The <br> Annual Withdrawal Amount is equal to your current Withdrawal Benefit <br> Base multiplied by your Lifetime Withdrawal Percentage. **(You should be** <br> **aware that certain actions you take could significantly reduce the** <br> **amount of your Annual Withdrawal Amount.)**<br>|
| **Early Withdrawal:** | Any withdrawal taken prior to your SIR Coverage Date. |
| **Excess Withdrawal:** | &nbsp;&nbsp;&nbsp;&nbsp; Any withdrawal taken after your SIR Coverage Date that exceeds your <br> Annual Withdrawal Amount (or your Yearly Required Minimum Distribution <br> Amount, if greater).<br>|
| **Lifetime Withdrawal Percentage:** | The percentage used to calculate your Annual Withdrawal Amount. |
| **SIR Bonus Base:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount on which bonuses are calculated. The SIR Bonus Base is equal <br> to the sum of your Purchase Payments, increased by any "step-ups" <br> (described below) and reduced proportionately by any withdrawal taken prior <br> to your SIR Coverage Date or any Excess Withdrawals. (See "*Excess* <br> *Withdrawals*" under "Withdrawals Under SIR.")<br>|
| **SIR Bonus Period:** | &nbsp;&nbsp;&nbsp;&nbsp; A ten-year period commencing on the Issue Date and ending on your tenth <br> Account Anniversary. If you "step up" SIR (described below) during the SIR <br> Bonus Period, the SIR Bonus Period is extended to ten years from the date of <br> the step-up.<br>|
| **SIR Coverage Date:** | &nbsp;&nbsp;&nbsp;&nbsp; Your Issue Date if you are at least age 59 at issue; otherwise, the first <br> Account Anniversary after you attain age 59.<br>|

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| | |
|:---|:---|
| **Withdrawal Benefit Base:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount used to calculate (1) your Annual Withdrawal Amount and (2) <br> your "SIR Fee." (See "Cost of SIR.")<br>|
| **You and Your:** | &nbsp;&nbsp;&nbsp;&nbsp; The terms "you" and "your" refer to the oldest living Participant or the <br> surviving spouse of the oldest Participant, as described under "Death of <br> Participant Under SIR with Joint-Life Coverage." In the case of a non-natural <br> Participant, these terms refer to the oldest living Annuitant.<br>|

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

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| |
|:---|
| SIR 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 SIR <br> Coverage Date.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●wants the option of joint-life coverage. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●can defer withdrawals during your early Account Years to increase your benefit in later years. |

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

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| |
|:---|
| SIR 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 invest in funds other than a Designated Fund. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●wants single-life coverage on a co-owned Contract. |
| SIR 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 first Account Year. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●is actively invested in contributory plans, because SIR prohibits any Purchase Payments after the <br> first Account Anniversary.<br>|

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You may combine SIR with the MAV optional death benefit. **Upon annuitization, SIR and the MAV optional death benefit, if elected, automatically terminate.** 

You may elect to participate in SIR, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● neither the oldest Participant nor the oldest Annuitant has attained age 86 on or before the date we receive your application (in the case of a non-natural Participant, the oldest Annuitant has not attained age 86 on or before that date);

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not elect any other optional living benefit available under your Contract.

SIR allows you to withdraw a guaranteed amount of money each year, beginning on your SIR Coverage Date, until the death of any Participant if single-life coverage is elected (or until the death of both the Participant and the Participant's spouse if joint-life coverage is elected). Your right to take withdrawals under SIR continues regardless of the investment performance of the Designated Funds, provided that you comply with certain requirements. After your SIR Coverage Date, the amount you can withdraw, in any one year, can be 4%, 5%, or 6% of your Withdrawal Benefit Base, depending upon your age (or the younger spouse's age in case of joint-life coverage) on the date of your first withdrawal.

In addition, if you make no withdrawals in an Account Year during your SIR Bonus Period, we will increase your Withdrawal Benefit Base by an amount equal to 7% of your SIR Bonus Base (6% if you purchased your Contract prior to February 8, 2010, or the date SIR with a 7% bonus became available in your state). The SIR Bonus Period is a 10-year

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period commencing on your Issue Date. The period will be extended for an additional 10 years commencing on each step-up of the Withdrawal Benefit Base (see "Step-Up Under SIR"), provided that the step-up occurs during the SIR Bonus Period.

**If you are participating in SIR, you may make Purchase Payments only during your first Account Year. After the first Account Anniversary, any Purchase Payments you submit will be returned to you.** 

To participate in SIR, all of your Account Value must be invested in one or more of the Designated Funds at all times during the term of SIR. (The "term" of SIR is for life, unless your Withdrawal Benefit Base is reduced to zero or SIR is terminated or cancelled as described under "Cancellation of SIR," "*Depleting Your Account Value,*" and "Annuitization Under SIR.") The only Funds, dollar-cost averaging program options, and asset allocation models that currently qualify as Designated Funds are listed in the section entitled "DESIGNATED FUNDS."

Under SIR, you have the option of choosing between single-life coverage and joint-life coverage. These options are described in greater detail under "Joint-Life Coverage," "Death of Participant Under SIR with Single-Life Coverage," and "Death of Participant Under SIR with Joint-Life Coverage."

**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 applicable bonuses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any step-ups as described under "Step-Up Under SIR";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any subsequent Purchase Payments you make during the first year following the Issue Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Early Withdrawals you take as described under "*Early Withdrawals*"; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Excess Withdrawals you take as described under "*Excess Withdrawals*".

**Determining Your Annual Withdrawal Amount** 

Your Annual Withdrawal Amount is first determined when you make your first withdrawal after your SIR Coverage Date and then on each subsequent Account Anniversary. Your Annual Withdrawal Amount is equal to your Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage. The Lifetime Withdrawal Percentage depends upon your age at the time you make your first withdrawal after your SIR Coverage Date as shown in the table below.

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| | |
|:---|:---|
| &nbsp;&nbsp; **Your Age on the Date of the**<br> **First Withdrawal After**<br> **Your SIR Coverage Date\***<br>| **Lifetime Withdrawal Percentage** |
| 59 - 64 | 4% |
| 65 - 79 | 5% |
| 80 or older | 6% |

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\*

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

Your Lifetime Withdrawal Percentage will only increase if your age at the time of step-up coincides with a higher percentage as shown in the table above. (See "Step-Up Under SIR.") An increase in the Lifetime Withdrawal Percentage will increase your Annual Withdrawal Amount.

Your Annual Withdrawal Amount equals your Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage. If your Withdrawal Benefit Base changes after your Annual Withdrawal Amount is determined, your Annual Withdrawal Amount will also change. The new Annual Withdrawal Amount will be effective on the next Account

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Anniversary and, at that time, will reflect any increases caused by a step-up or a bonus that took place during the prior Account Year and any decreases caused by Excess Withdrawals (described below) that were taken during the prior Account Year. The new Annual Withdrawal Amount will be in effect for all subsequent Account Years, unless and until there is a further change in your Withdrawal Benefit Base.

**How SIR Works** 

Each Account Year, beginning on your SIR Coverage Date, you can take withdrawals totaling up to the amount of your Annual Withdrawal Amount, subject to the terms and conditions discussed below. Even if your Account Value is reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), as long as your Withdrawal Benefit Base is greater than zero, you will receive your full Annual Withdrawal Amount every year until you die.

If you defer taking any withdrawals in an Account Year during the SIR Bonus Period, your Withdrawal Benefit Base will be increased by an amount equal to 7% of your SIR Bonus Base (6% if you purchased your Contract prior to February 8, 2010, or the date SIR with a 7% bonus became available in your state). However, if this amount is less than the amount you will receive under a step-up, the Withdrawal Benefit Base will instead be increased by the step-up amount, unless there is a fee increase as described under "Step-Up Under SIR." In the case of a fee increase, we will notify you in writing, in advance of your Account Anniversary, and seek your written consent to the step-up and fee increase. If you do take a withdrawal, you are still eligible for step-up. (See "Step-Up under SIR.") In this way, if you defer taking withdrawals during your early Account Years, you will be able to take larger withdrawals in later Account Years. Your Annual Withdrawal Amount is not, however, cumulative: any unused portion of your Annual Withdrawal Amount in any Account Year cannot be applied to a future year.

**Note that the timing and amount of your withdrawals may significantly decrease, and even terminate, your total benefits under SIR, including reducing your Account Value to zero and thereby terminating your Contract without value, as described further under "Withdrawals Under SIR." Note also that investing in any Fund, other than a Designated Fund, will cancel SIR, as described under "Cancellation of SIR."** 

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Here is an example of how SIR works.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Because you reached age 59 <br> prior to your Issue Date, your SIR Coverage Date is your Issue Date. You can begin at any time to withdraw up to <br> your Annual Withdrawal Amount each Account Year without reducing your Withdrawal Benefit Base. During the SIR <br> Bonus Period, your Withdrawal Benefit Base will increase by 7% of your SIR Bonus Base each Account Year in <br> which you do not take a withdrawal. By deferring your withdrawals during a SIR Bonus Period you will increase <br> your Withdrawal Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the SIR Bonus <br> period is over, you will no longer be eligible for the 7% bonus each year and it may be in your interest to take the full <br> Annual Withdrawal Amount each year. However, any withdrawal will reduce your Account Value as well as your <br> chances of a higher Annual Withdrawal Amount through step-up. When to take withdrawals will depend upon your <br> own situation. You should discuss your living benefit options with your financial adviser. (For convenience, assume <br> that the investment performance of your underlying investments equals or offsets all Contract expenses. Therefore, <br> your Account Value remains constant throughout the life of your Contract, except for Account Year 2.) | &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Because you reached age 59 <br> prior to your Issue Date, your SIR Coverage Date is your Issue Date. You can begin at any time to withdraw up to <br> your Annual Withdrawal Amount each Account Year without reducing your Withdrawal Benefit Base. During the SIR <br> Bonus Period, your Withdrawal Benefit Base will increase by 7% of your SIR Bonus Base each Account Year in <br> which you do not take a withdrawal. By deferring your withdrawals during a SIR Bonus Period you will increase <br> your Withdrawal Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the SIR Bonus <br> period is over, you will no longer be eligible for the 7% bonus each year and it may be in your interest to take the full <br> Annual Withdrawal Amount each year. However, any withdrawal will reduce your Account Value as well as your <br> chances of a higher Annual Withdrawal Amount through step-up. When to take withdrawals will depend upon your <br> own situation. You should discuss your living benefit options with your financial adviser. (For convenience, assume <br> that the investment performance of your underlying investments equals or offsets all Contract expenses. Therefore, <br> your Account Value remains constant throughout the life of your Contract, except for Account Year 2.) | &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Because you reached age 59 <br> prior to your Issue Date, your SIR Coverage Date is your Issue Date. You can begin at any time to withdraw up to <br> your Annual Withdrawal Amount each Account Year without reducing your Withdrawal Benefit Base. During the SIR <br> Bonus Period, your Withdrawal Benefit Base will increase by 7% of your SIR Bonus Base each Account Year in <br> which you do not take a withdrawal. By deferring your withdrawals during a SIR Bonus Period you will increase <br> your Withdrawal Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the SIR Bonus <br> period is over, you will no longer be eligible for the 7% bonus each year and it may be in your interest to take the full <br> Annual Withdrawal Amount each year. However, any withdrawal will reduce your Account Value as well as your <br> chances of a higher Annual Withdrawal Amount through step-up. When to take withdrawals will depend upon your <br> own situation. You should discuss your living benefit options with your financial adviser. (For convenience, assume <br> that the investment performance of your underlying investments equals or offsets all Contract expenses. Therefore, <br> your Account Value remains constant throughout the life of your Contract, except for Account Year 2.) | &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Because you reached age 59 <br> prior to your Issue Date, your SIR Coverage Date is your Issue Date. You can begin at any time to withdraw up to <br> your Annual Withdrawal Amount each Account Year without reducing your Withdrawal Benefit Base. During the SIR <br> Bonus Period, your Withdrawal Benefit Base will increase by 7% of your SIR Bonus Base each Account Year in <br> which you do not take a withdrawal. By deferring your withdrawals during a SIR Bonus Period you will increase <br> your Withdrawal Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the SIR Bonus <br> period is over, you will no longer be eligible for the 7% bonus each year and it may be in your interest to take the full <br> Annual Withdrawal Amount each year. However, any withdrawal will reduce your Account Value as well as your <br> chances of a higher Annual Withdrawal Amount through step-up. When to take withdrawals will depend upon your <br> own situation. You should discuss your living benefit options with your financial adviser. (For convenience, assume <br> that the investment performance of your underlying investments equals or offsets all Contract expenses. Therefore, <br> your Account Value remains constant throughout the life of your Contract, except for Account Year 2.) | &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Because you reached age 59 <br> prior to your Issue Date, your SIR Coverage Date is your Issue Date. You can begin at any time to withdraw up to <br> your Annual Withdrawal Amount each Account Year without reducing your Withdrawal Benefit Base. During the SIR <br> Bonus Period, your Withdrawal Benefit Base will increase by 7% of your SIR Bonus Base each Account Year in <br> which you do not take a withdrawal. By deferring your withdrawals during a SIR Bonus Period you will increase <br> your Withdrawal Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the SIR Bonus <br> period is over, you will no longer be eligible for the 7% bonus each year and it may be in your interest to take the full <br> Annual Withdrawal Amount each year. However, any withdrawal will reduce your Account Value as well as your <br> chances of a higher Annual Withdrawal Amount through step-up. When to take withdrawals will depend upon your <br> own situation. You should discuss your living benefit options with your financial adviser. (For convenience, assume <br> that the investment performance of your underlying investments equals or offsets all Contract expenses. Therefore, <br> your Account Value remains constant throughout the life of your Contract, except for Account Year 2.) | &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Because you reached age 59 <br> prior to your Issue Date, your SIR Coverage Date is your Issue Date. You can begin at any time to withdraw up to <br> your Annual Withdrawal Amount each Account Year without reducing your Withdrawal Benefit Base. During the SIR <br> Bonus Period, your Withdrawal Benefit Base will increase by 7% of your SIR Bonus Base each Account Year in <br> which you do not take a withdrawal. By deferring your withdrawals during a SIR Bonus Period you will increase <br> your Withdrawal Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the SIR Bonus <br> period is over, you will no longer be eligible for the 7% bonus each year and it may be in your interest to take the full <br> Annual Withdrawal Amount each year. However, any withdrawal will reduce your Account Value as well as your <br> chances of a higher Annual Withdrawal Amount through step-up. When to take withdrawals will depend upon your <br> own situation. You should discuss your living benefit options with your financial adviser. (For convenience, assume <br> that the investment performance of your underlying investments equals or offsets all Contract expenses. Therefore, <br> your Account Value remains constant throughout the life of your Contract, except for Account Year 2.) |
| &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new <br> Withdrawal Benefit Base, or $6,250. Going forward, your new SIR Bonus Base will be $125,000, unless increased by <br> another step-up or reduced by an Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account <br> Anniversary (*i.e.,* ten years after the step-up). **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new <br> Withdrawal Benefit Base, or $6,250. Going forward, your new SIR Bonus Base will be $125,000, unless increased by <br> another step-up or reduced by an Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account <br> Anniversary (*i.e.,* ten years after the step-up). **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new <br> Withdrawal Benefit Base, or $6,250. Going forward, your new SIR Bonus Base will be $125,000, unless increased by <br> another step-up or reduced by an Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account <br> Anniversary (*i.e.,* ten years after the step-up). **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new <br> Withdrawal Benefit Base, or $6,250. Going forward, your new SIR Bonus Base will be $125,000, unless increased by <br> another step-up or reduced by an Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account <br> Anniversary (*i.e.,* ten years after the step-up). **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new <br> Withdrawal Benefit Base, or $6,250. Going forward, your new SIR Bonus Base will be $125,000, unless increased by <br> another step-up or reduced by an Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account <br> Anniversary (*i.e.,* ten years after the step-up). **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new <br> Withdrawal Benefit Base, or $6,250. Going forward, your new SIR Bonus Base will be $125,000, unless increased by <br> another step-up or reduced by an Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account <br> Anniversary (*i.e.,* ten years after the step-up). **All values shown are as of the beginning of the Account Year.** |
| **Account**<br> **Year**<br>| **Account**<br> **Value**<br>| **Withdrawal**<br> **Benefit Base**<br>| **SIR**<br> **Bonus Base**<br>| **Annual**<br> **Withdrawal**<br> **Amount**<br>| **Withdrawals** |
| 1 | $100000 | $100000 | $100000 | $5000 | $0 |
| 2 | $100000 | $107000 | $100000 | $5350 | $0 |
| 3 | $125000 | $125000 | $125000 | $6250 | $0 |
| &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: |
| 4 | $125000 | $133750 | $125000 | $6688 | $0 |
| 5 | $125000 | $142500 | $125000 | $7125 | $0 |
| 6 | $125000 | $151250 | $125000 | $7563 | $0 |
| 7 | $125000 | $160000 | $125000 | $8000 | $8000 |
| 8 | $117000 | $160000 | $125000 | $8000 | $8000 |
| &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your SIR Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to $8,438, <br> which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your SIR Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to $8,438, <br> which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your SIR Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to $8,438, <br> which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your SIR Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to $8,438, <br> which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your SIR Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to $8,438, <br> which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your SIR Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to $8,438, <br> which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: |
| 9 | $109000 | $160000 | $125000 | $8000 | $0 |
| 10 | $109000 | $168750 | $125000 | $8438 | $8438 |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the SIR Bonus Period, as your SIR Bonus Period ends 10 years after <br> the previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the SIR Bonus Period, as your SIR Bonus Period ends 10 years after <br> the previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the SIR Bonus Period, as your SIR Bonus Period ends 10 years after <br> the previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the SIR Bonus Period, as your SIR Bonus Period ends 10 years after <br> the previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the SIR Bonus Period, as your SIR Bonus Period ends 10 years after <br> the previous step-up. |
| 11 | $100562 | $168750 | $125000 | $8438 |
| 12 | $92124 | $168750 | $125000 | $8438 |
| 13 | $83686 | $168750 | $125000 | $8438 |
| 14 | $75248 | $168750 | $125000 | $0 |
| 15 | $75248 | $168750 | $125000 | $8438 |

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**If you have SIR with a 6% bonus, the numbers shown in the above example would be different.** 

There is no way to know for certain whether forgoing income in one or more years will increase or decrease the total income paid to the Participant over the life of the annuity. Generally speaking, not taking income in a year will increase the Annual Withdrawal Amount during the SIR Bonus Period due to the bonus and the potential for step-ups. In this way, if you defer taking withdrawals during your early Account Years, you will be able to take larger withdrawals in later Account Years. Your Annual Withdrawal Amount is not, however, cumulative: any unused portion of your Annual Withdrawal Amount in any Account Year cannot be applied to a future year.

The total lifetime payments to the Participant could be more or less depending upon investment performance over the life of the Contract and the age to which the Participant lives. Better investment performance and a longer life span generally make it advantageous to forgo the Annual Withdrawal Amount in a limited number of years.

**Withdrawals Under SIR** 

***Withdrawals After the SIR Coverage Date*** 

Starting on your SIR Coverage Date and continuing to your Annuity Commencement Date, you may take withdrawals totaling up to your Annual Withdrawal Amount each Account Year without reducing your Withdrawal Benefit Base. These withdrawals will reduce your Account Value by the amount of the withdrawal, but will not change your Withdrawal Benefit Base. These withdrawals are subject to withdrawal charges 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 your Contract (discussed under "*Free Withdrawal Amount*" under "Withdrawal Charge");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Yearly Required Minimum Distribution Amount (subject to conditions discussed under "Tax Issues Under SIR"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Annual Withdrawal Amount.

The previous example shows withdrawals taken after your SIR Coverage Date. Because they do not exceed your Annual Withdrawal Amount (or your Required Minimum Distribution amount, if higher), the withdrawals do not reduce your Withdrawal Benefit Base or your Annual Withdrawal Amount. The withdrawals in the above example are not subject to any withdrawal charges because they do not exceed any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your free withdrawal amount permitted under this Contract,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Yearly Required Minimum Distribution Amount, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Annual Withdrawal Amount.

If a withdrawal exceeds the greatest of these amounts, then the withdrawal would be subject to withdrawal charges.

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***Excess Withdrawals*** 

If you take an Excess Withdrawal, your SIR Bonus Base and your Withdrawal Benefit Base will be reduced according to the following formulas:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new SIR Bonus Base | = | **BB x** | ( | **AV - WD** |) |
| Your new SIR Bonus Base | = | **BB x** | ( | **AV - AWA** |) |
| Your new Withdrawal Benefit Base | = | **WBB x** | ( | **AV - WD** |) |
| Your new Withdrawal Benefit Base | = | **WBB x** | ( | **AV - AWA** |) |

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Where:

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| | | |
|:---|:---|:---|
| BB | = | Your SIR Bonus Base immediately prior to the Excess Withdrawal. |
| WBB | = | Your Withdrawal Benefit Base immediately prior to the Excess Withdrawal. |
| WD | = | The amount of the Excess Withdrawal. |
| AV | = | Your Account Value immediately prior to the Excess Withdrawal. |
| AWA | = | Your Annual Withdrawal Amount minus any prior partial withdrawals taken during the <br> current Account Year.<br>|

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

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Using the facts of the above example,** assume that in Account Year 7, you take two withdrawals: a $4,000 withdrawal <br> followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does not affect your <br> SIR Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal Amount. Your second <br> withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal Amount. After your second <br> withdrawal, your SIR Bonus Base and your Withdrawal Benefit Base will be reduced as follows: | &nbsp;&nbsp; **Using the facts of the above example,** assume that in Account Year 7, you take two withdrawals: a $4,000 withdrawal <br> followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does not affect your <br> SIR Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal Amount. Your second <br> withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal Amount. After your second <br> withdrawal, your SIR Bonus Base and your Withdrawal Benefit Base will be reduced as follows: | &nbsp;&nbsp; **Using the facts of the above example,** assume that in Account Year 7, you take two withdrawals: a $4,000 withdrawal <br> followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does not affect your <br> SIR Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal Amount. Your second <br> withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal Amount. After your second <br> withdrawal, your SIR Bonus Base and your Withdrawal Benefit Base will be reduced as follows: | &nbsp;&nbsp; **Using the facts of the above example,** assume that in Account Year 7, you take two withdrawals: a $4,000 withdrawal <br> followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does not affect your <br> SIR Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal Amount. Your second <br> withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal Amount. After your second <br> withdrawal, your SIR Bonus Base and your Withdrawal Benefit Base will be reduced as follows: | &nbsp;&nbsp; **Using the facts of the above example,** assume that in Account Year 7, you take two withdrawals: a $4,000 withdrawal <br> followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does not affect your <br> SIR Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal Amount. Your second <br> withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal Amount. After your second <br> withdrawal, your SIR Bonus Base and your Withdrawal Benefit Base will be reduced as follows: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $125000 | x | $121000 - $6000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $125000 | x | $121000 - ($8000 - $4000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $125000 | x | $115000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $125000 | x | $117000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $125000 | x | 0.982906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $122863 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $121000 - $6000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $121000 - ($8000 - $4000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $115000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $117000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | 0.982906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $157265 |  |  |
| &nbsp;&nbsp; Beginning on your Account Anniversary and going forward, your new Annual Withdrawal Amount will be reduced to <br> 5% of your new Withdrawal Benefit Base, or $7,863. | &nbsp;&nbsp; Beginning on your Account Anniversary and going forward, your new Annual Withdrawal Amount will be reduced to <br> 5% of your new Withdrawal Benefit Base, or $7,863. | &nbsp;&nbsp; Beginning on your Account Anniversary and going forward, your new Annual Withdrawal Amount will be reduced to <br> 5% of your new Withdrawal Benefit Base, or $7,863. | &nbsp;&nbsp; Beginning on your Account Anniversary and going forward, your new Annual Withdrawal Amount will be reduced to <br> 5% of your new Withdrawal Benefit Base, or $7,863. | &nbsp;&nbsp; Beginning on your Account Anniversary and going forward, your new Annual Withdrawal Amount will be reduced to <br> 5% of your new Withdrawal Benefit Base, or $7,863. |

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**If you have SIR with a 6% bonus, the numbers shown in the above example would be different.** 

**You should be aware that, if your Account 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 and your SIR Bonus Base will** 

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**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, and even terminate, your benefits under SIR, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

***Early Withdrawals*** 

All withdrawals taken before your SIR Coverage Date, including any **"free withdrawal amounts"** permitted under your Contract, will be considered Early Withdrawals and your SIR Bonus Base and your Withdrawal Benefit Base will be reduced using the following formulas:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new SIR Bonus Base | = | **BB x** | ( | **AV - WD** |) |
| Your new SIR Bonus Base | = | **BB x** | ( | **AV** |) |
| Your new Withdrawal Benefit Base | = | **WBB x** | ( | **AV - WD** |) |
| Your new Withdrawal Benefit Base | = | **WBB x** | ( | **AV** |) |

---

Where:

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| | | |
|:---|:---|:---|
| BB | = | Your SIR Bonus Base immediately prior to the Early Withdrawal. |
| WBB | = | Your Withdrawal Benefit Base immediately prior to the Early Withdrawal. |
| WD | = | The amount of the Early Withdrawal. |
| AV | = | Your Account Value immediately prior to the Early Withdrawal. |

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you purchase a Contract with an initial Purchase Payment of $100,000. Assume also that you are age 45 <br> when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit <br> Base will increase by 7% of your SIR Bonus Base each year in which you do not take a withdrawal. Your SIR <br> Coverage Date will not occur until your 15th Account Anniversary (the first Account Anniversary after you reach age <br> 59). Any withdrawals you take prior to that time will be Early Withdrawals. | &nbsp;&nbsp; Assume that you purchase a Contract with an initial Purchase Payment of $100,000. Assume also that you are age 45 <br> when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit <br> Base will increase by 7% of your SIR Bonus Base each year in which you do not take a withdrawal. Your SIR <br> Coverage Date will not occur until your 15th Account Anniversary (the first Account Anniversary after you reach age <br> 59). Any withdrawals you take prior to that time will be Early Withdrawals. | &nbsp;&nbsp; Assume that you purchase a Contract with an initial Purchase Payment of $100,000. Assume also that you are age 45 <br> when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit <br> Base will increase by 7% of your SIR Bonus Base each year in which you do not take a withdrawal. Your SIR <br> Coverage Date will not occur until your 15th Account Anniversary (the first Account Anniversary after you reach age <br> 59). Any withdrawals you take prior to that time will be Early Withdrawals. | &nbsp;&nbsp; Assume that you purchase a Contract with an initial Purchase Payment of $100,000. Assume also that you are age 45 <br> when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit <br> Base will increase by 7% of your SIR Bonus Base each year in which you do not take a withdrawal. Your SIR <br> Coverage Date will not occur until your 15th Account Anniversary (the first Account Anniversary after you reach age <br> 59). Any withdrawals you take prior to that time will be Early Withdrawals. | &nbsp;&nbsp; Assume that you purchase a Contract with an initial Purchase Payment of $100,000. Assume also that you are age 45 <br> when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit <br> Base will increase by 7% of your SIR Bonus Base each year in which you do not take a withdrawal. Your SIR <br> Coverage Date will not occur until your 15th Account Anniversary (the first Account Anniversary after you reach age <br> 59). Any withdrawals you take prior to that time will be Early Withdrawals. | &nbsp;&nbsp; Assume that you purchase a Contract with an initial Purchase Payment of $100,000. Assume also that you are age 45 <br> when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Withdrawal Benefit Base and your <br> SIR Bonus Base are each set equal to your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit <br> Base will increase by 7% of your SIR Bonus Base each year in which you do not take a withdrawal. Your SIR <br> Coverage Date will not occur until your 15th Account Anniversary (the first Account Anniversary after you reach age <br> 59). Any withdrawals you take prior to that time will be Early Withdrawals. |
| &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore, we will step-up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore, we will step-up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore, we will step-up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore, we will step-up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore, we will step-up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and SIR Bonus Base. Assume that we have not increased the <br> percentage used to calculate the SIR Fee on newly issued Contracts; therefore, we will step-up your Withdrawal <br> Benefit Base and your SIR Bonus Base to $125,000. |
| &nbsp;&nbsp; Assume that, in Account Year 7, your Account Value has grown to $130,000 and you withdraw $10,000. Because you <br> are age 51 (and younger than age 59), this is an Early Withdrawal. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that, in Account Year 7, your Account Value has grown to $130,000 and you withdraw $10,000. Because you <br> are age 51 (and younger than age 59), this is an Early Withdrawal. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that, in Account Year 7, your Account Value has grown to $130,000 and you withdraw $10,000. Because you <br> are age 51 (and younger than age 59), this is an Early Withdrawal. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that, in Account Year 7, your Account Value has grown to $130,000 and you withdraw $10,000. Because you <br> are age 51 (and younger than age 59), this is an Early Withdrawal. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that, in Account Year 7, your Account Value has grown to $130,000 and you withdraw $10,000. Because you <br> are age 51 (and younger than age 59), this is an Early Withdrawal. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that, in Account Year 7, your Account Value has grown to $130,000 and you withdraw $10,000. Because you <br> are age 51 (and younger than age 59), this is an Early Withdrawal. **All values shown are as of the beginning of the** <br> **Account Year.** |
| **Account**<br> **Year**<br>| **Account**<br> **Value**<br>| **Withdrawal** <br> **Benefit Base**<br>| **SIR**<br> **Bonus Base**<br>| **Annual**<br> **Withdrawal**<br> **Amount**<br>| **Withdrawals** |
| 1 | $100000 | $100000 | $100000 | $0 | $0 |
| 2 | $100000 | $107000 | $100000 | $0 | $0 |
| 3 | $125000 | $125000 | $125000 | $0 | $0 |
| 4 | $125000 | $133750 | $125000 | $0 | $0 |
| 5 | $125000 | $142500 | $125000 | $0 | $0 |
| 6 | $125000 | $151250 | $125000 | $0 | $0 |
| 7 | $130000 | $160000 | $125000 | $0 | $10000 |

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

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| At this point, your SIR Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your SIR Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your SIR Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your SIR Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your SIR Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $125000 | x | $130000 - $10000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $125000 | x | $130000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $125000 | x | $120000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $125000 | x | $130000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $125000 | x | 0.92308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base | = | $115385 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new SIR Bonus Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $130000 - $10000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $130000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $120000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $130000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | 0.92308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $147693 |  |  |
| Your Annual Withdrawal Amount will still be $0 because you have not reached your SIR Coverage Date. | Your Annual Withdrawal Amount will still be $0 because you have not reached your SIR Coverage Date. | Your Annual Withdrawal Amount will still be $0 because you have not reached your SIR Coverage Date. | Your Annual Withdrawal Amount will still be $0 because you have not reached your SIR Coverage Date. | Your Annual Withdrawal Amount will still be $0 because you have not reached your SIR Coverage Date. |

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**If you have SIR with a 6% bonus, the numbers shown in the above example would be different.** 

**You should be aware that Early Withdrawals could severely reduce, and even terminate, your benefits under SIR, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

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

***Depleting Your Account Value*** 

**If your Account Value is reduced to zero immediately following an Excess Withdrawal or an Early Withdrawal, then your Withdrawal Benefit Base and the SIR Bonus Base will each also be reduced to zero and your Contract will terminate without value.** Therefore, your Contract, as well as any benefits available with SIR, will end.

If, on the other hand, your Account Value is reduced to zero through any combination of poor investment performance of the Designated Funds, Contract charges, and withdrawals other than Excess Withdrawals or Early Withdrawals, your Withdrawal Benefit Base will not be reduced. Your Contract will end, but your right to receive an annual withdrawal amount will continue. That is to say, regardless of your age on the day the Account Value is reduced to zero, you will be entitled to receive your Annual Withdrawal Amount each year for as long as you live.

**Cost of SIR** 

If you elect SIR, we will deduct a quarterly fee from your Account Value ("SIR Fee"). The SIR Fee will be taken as a specific deduction from your Account Value on the last valuation day of each Account Quarter. The SIR Fee will be a percentage of your Withdrawal Benefit Base. This percentage will equal 0.2750% of your Withdrawal Benefit Base on the last day of the Account Quarter if you elected single-life coverage (0.3250% for joint-life coverage). The maximum SIR Fee you can pay in any one Account Year is equal to 1.10% of the highest Withdrawal Benefit Base at any point in that Account Year if you elected single-life coverage (1.30% for joint-life coverage). We reserve the right to increase the percentage rate used to calculate the SIR Fee on newly issued Contracts.

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Your SIR Fee will not change **during an Account Year**, unless you take one of the following specific actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an additional Purchase Payment during your first Account Year, you will increase your Withdrawal Benefit Base and thus your SIR Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make a withdrawal before your SIR Coverage Date or a withdrawal in excess of your Annual Withdrawal Amount, you will decrease your Withdrawal Benefit Base and thus your SIR Fee.

However, **on each Account Anniversary**, we determine whether favorable investment performance of the Designated Funds may cause the Withdrawal Benefit Base to increase as described under "Step-Up Under SIR." If your Withdrawal Benefit Base increases because of favorable investment performance, your SIR Fee will also increase because it is recalculated on each Account Anniversary based upon your highest Withdrawal Benefit Base during that Account Year.

We will continue to deduct the SIR Fee until you annuitize your Contract, your Account Value reduces to zero, or your SIR is terminated or cancelled as described under "Cancellation of SIR".

We reserve the right to make special offers from time to time. Specifically, we reserve the right to waive the SIR Fee for a limited period on newly issued Contracts. The same waiver would apply to all Contracts issued while we are making the special offer.

**Step-Up Under SIR** 

Regardless of your age on the Issue Date, on each Account Anniversary prior to your Annuity Commencement Date, we will automatically step-up your Withdrawal Benefit Base and your SIR Bonus Base, ***provided that*** you satisfy certain requirements. ***First,*** you must meet eligibility requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value must equal no more than $5,000,000. (For purposes of determining the $5,000,000 limit, we reserve the right, in our sole discretion, to aggregate your Account Value with the account values of all other variable annuity contracts you own issued by Delaware Life Insurance Company or its affiliates.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value must be greater than your current Withdrawal Benefit Base (increased by any applicable 7% or 6% bonus during the SIR bonus Period).

***Second,*** if you satisfy the eligibility requirements, we ***then*** consider whether market conditions have caused us to increase the percentage rate used to calculate the SIR Fee on newly issued Contracts. If we are no longer issuing Contracts with SIR, then the percentage rate we use to calculate your SIR Fee will be set based upon current market conditions at that time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have ***not*** had to increase the percentage rate as described above, the percentage rate we use to calculate your SIR Fee will remain unchanged and we will automatically step-up your Withdrawal Benefit Base and your SIR Bonus Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have had to increase the percentage rate as described above, we offer you the opportunity to step-up at the higher percentage rate. In this case, your written consent is required to accept the higher percentage rate used to calculate your SIR Fee and step-up your Withdrawal Benefit Base and SIR Bonus Base. **If you do not consent to the step-up and higher percentage, the step-up will not be implemented and all subsequent step-ups of your Withdrawal Benefit Base and SIR Bonus Base will also be suspended**. You may thereafter submit an election form to us, however, in order to consent to the then-applicable percentage rate and thus reactivate subsequent automatic step-ups.

At the time of step-up, we will increase your Withdrawal Benefit Base and SIR Bonus Base to an amount equal to the Account Value, if such amount exceeds your current Withdrawal Benefit Base (adjusted for any applicable 7% bonus increases). If the step-up occurs during the SIR Bonus Period, your SIR Bonus Period will renew for another 10-year period commencing at the time of step-up.

If your Lifetime Withdrawal Percentage has already been determined and your age at the time of step-up coincides with a higher percentage as shown in the table below, your Lifetime Withdrawal Percentage will increase. After the step-up, your

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Annual Withdrawal Amount will be your Lifetime Withdrawal Percentage multiplied by your new Withdrawal Benefit Base as follows:

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| | |
|:---|:---|
| **Your Age at Step-up\*** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Lifetime Withdrawal**<br> **Percentage**<br>|
| 59 - 64 | 4% |
| 65 - 79 | 5% |
| 80 or older | 6% |

---

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\*

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

After a step-up, your Annual Withdrawal Amount will be equal to your new Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage. Here is an example of how we calculate a step-up under SIR:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Assume that no withdrawals are taken and, <br> therefore, your Withdrawal Benefit Base will increase annually by 7% of your SIR Bonus Base during your SIR <br> Bonus Period. Assume further that no additional Purchase Payments are made, and, because of good investment <br> performance of the Designated Funds during Account Year 2, your Account Value has grown to $125,000 by the <br> beginning of Account Year 3. Your Contract is, therefore, eligible for an automatic step-up of its Withdrawal Benefit <br> Base and SIR Bonus Base. Assume that we have not increased the percentage used to calculate the SIR Fee on newly <br> issued Contracts; therefore we will step up your Withdrawal Benefit Base and your SIR Bonus Base to $125,000. <br> Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit Base, or $6,250. **All values** <br> **shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Assume that no withdrawals are taken and, <br> therefore, your Withdrawal Benefit Base will increase annually by 7% of your SIR Bonus Base during your SIR <br> Bonus Period. Assume further that no additional Purchase Payments are made, and, because of good investment <br> performance of the Designated Funds during Account Year 2, your Account Value has grown to $125,000 by the <br> beginning of Account Year 3. Your Contract is, therefore, eligible for an automatic step-up of its Withdrawal Benefit <br> Base and SIR Bonus Base. Assume that we have not increased the percentage used to calculate the SIR Fee on newly <br> issued Contracts; therefore we will step up your Withdrawal Benefit Base and your SIR Bonus Base to $125,000. <br> Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit Base, or $6,250. **All values** <br> **shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Assume that no withdrawals are taken and, <br> therefore, your Withdrawal Benefit Base will increase annually by 7% of your SIR Bonus Base during your SIR <br> Bonus Period. Assume further that no additional Purchase Payments are made, and, because of good investment <br> performance of the Designated Funds during Account Year 2, your Account Value has grown to $125,000 by the <br> beginning of Account Year 3. Your Contract is, therefore, eligible for an automatic step-up of its Withdrawal Benefit <br> Base and SIR Bonus Base. Assume that we have not increased the percentage used to calculate the SIR Fee on newly <br> issued Contracts; therefore we will step up your Withdrawal Benefit Base and your SIR Bonus Base to $125,000. <br> Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit Base, or $6,250. **All values** <br> **shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Assume that no withdrawals are taken and, <br> therefore, your Withdrawal Benefit Base will increase annually by 7% of your SIR Bonus Base during your SIR <br> Bonus Period. Assume further that no additional Purchase Payments are made, and, because of good investment <br> performance of the Designated Funds during Account Year 2, your Account Value has grown to $125,000 by the <br> beginning of Account Year 3. Your Contract is, therefore, eligible for an automatic step-up of its Withdrawal Benefit <br> Base and SIR Bonus Base. Assume that we have not increased the percentage used to calculate the SIR Fee on newly <br> issued Contracts; therefore we will step up your Withdrawal Benefit Base and your SIR Bonus Base to $125,000. <br> Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit Base, or $6,250. **All values** <br> **shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Assume that no withdrawals are taken and, <br> therefore, your Withdrawal Benefit Base will increase annually by 7% of your SIR Bonus Base during your SIR <br> Bonus Period. Assume further that no additional Purchase Payments are made, and, because of good investment <br> performance of the Designated Funds during Account Year 2, your Account Value has grown to $125,000 by the <br> beginning of Account Year 3. Your Contract is, therefore, eligible for an automatic step-up of its Withdrawal Benefit <br> Base and SIR Bonus Base. Assume that we have not increased the percentage used to calculate the SIR Fee on newly <br> issued Contracts; therefore we will step up your Withdrawal Benefit Base and your SIR Bonus Base to $125,000. <br> Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit Base, or $6,250. **All values** <br> **shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that you purchased a Contract with an initial Purchase Payment of $100,000. Assume also that you are age <br> 65 when your Contract is issued and that you elected to participate in SIR with single-life coverage. (If you selected <br> joint-life coverage the numbers shown in the example could be different.) Assume that no withdrawals are taken and, <br> therefore, your Withdrawal Benefit Base will increase annually by 7% of your SIR Bonus Base during your SIR <br> Bonus Period. Assume further that no additional Purchase Payments are made, and, because of good investment <br> performance of the Designated Funds during Account Year 2, your Account Value has grown to $125,000 by the <br> beginning of Account Year 3. Your Contract is, therefore, eligible for an automatic step-up of its Withdrawal Benefit <br> Base and SIR Bonus Base. Assume that we have not increased the percentage used to calculate the SIR Fee on newly <br> issued Contracts; therefore we will step up your Withdrawal Benefit Base and your SIR Bonus Base to $125,000. <br> Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit Base, or $6,250. **All values** <br> **shown are as of the beginning of the Account Year**. |
| **Account**<br> **Year**<br>| **Account**<br> **Value**<br>| **Withdrawal**<br> **Benefit**<br> **Base**<br>| **SIR Bonus**<br> **Base**<br>| **Annual**<br> **Withdrawal**<br> **Amount**<br>| **Withdrawals** |
| 1 | $100000 | $100000 | $100000 | $5000 | 0 |
| 2 | $100000 | $107000 | $100000 | $5350 | 0 |
| 3 | $125000 | $125000 | $125000 | $6250 | 0 |
| 4 | $125000 | $133750 | $125000 | $6688 | 0 |
| 5 | $125000 | $142500 | $125000 | $7125 | 0 |
| 6 | $125000 | $151250 | $125000 | $7563 | 0 |
| 7 | $125000 | $160000 | $125000 | $8000 | 0 |
| &nbsp;&nbsp; Going forward, your new SIR Bonus Base will be $125,000, unless increased by another step-up or reduced by an <br> Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after <br> the step-up). | &nbsp;&nbsp; Going forward, your new SIR Bonus Base will be $125,000, unless increased by another step-up or reduced by an <br> Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after <br> the step-up). | &nbsp;&nbsp; Going forward, your new SIR Bonus Base will be $125,000, unless increased by another step-up or reduced by an <br> Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after <br> the step-up). | &nbsp;&nbsp; Going forward, your new SIR Bonus Base will be $125,000, unless increased by another step-up or reduced by an <br> Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after <br> the step-up). | &nbsp;&nbsp; Going forward, your new SIR Bonus Base will be $125,000, unless increased by another step-up or reduced by an <br> Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after <br> the step-up). | &nbsp;&nbsp; Going forward, your new SIR Bonus Base will be $125,000, unless increased by another step-up or reduced by an <br> Excess Withdrawal, and your SIR Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after <br> the step-up). |

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**If you have SIR with a 6% bonus, the numbers shown in the above example would be different.** 

The above example assumes that you are age 65 at issue, so that your Lifetime Withdrawal Percentage is 5%. Assume instead you are age 79 at issue and have attained age 80 on your first Account Anniversary. When your Withdrawal Benefit Base steps-up to $125,000, your new Lifetime Withdrawal Percentage is 6% since you had attained age 80 by your first Account Anniversary. Your Annual Withdrawal Amount is now $7,500.

**Joint-Life Coverage** 

On the Issue Date, you have the option of electing SIR with single-life coverage or, for a higher SIR Fee, with joint-life coverage. Once you make the election, you cannot switch between joint-life and single-life coverage, regardless of any change in life events. Joint-life coverage is not available if you are unmarried on the Issue Date.

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Joint-life coverage can be elected on an individually-owned Contract or on a co-owned Contract. On an individually-owned Contract, joint-life coverage is available only if your spouse is the sole primary beneficiary on the Issue Date and remains the sole primary beneficiary while SIR is in effect. On a co-owned Contract, joint-life coverage is available only if you and your spouse are the only co-owners on the Issue Date and remain so while SIR is in effect. Whereas single-life coverage provides annual withdrawals under SIR only until ***any*** Participant dies, joint-life coverage provides annual withdrawals under SIR for as long as ***either*** you or your spouse is alive. (Note, however, upon the death of a spouse, the Contract, including SIR, ends. **To take annual withdrawals under SIR's joint-life feature after the death of a spouse, the surviving spouse must first elect to continue the Contract through the "Spousal Continuance" provision.)** See also "Death of Participant Under SIR with Joint-Life Coverage."

If you have elected joint-life coverage, the SIR Coverage Date will be your Issue Date if the ***younger spouse*** is at least age 59 on the Issue Date, and will be the first Account Anniversary after the ***younger spouse*** attains (or would have attained) age 59 if the younger spouse is less than age 59 on the Issue Date. (For purposes of joint-life coverage, the younger spouse refers to the person who was the younger spouse on the Issue Date, even if that person has died or is no longer married to the person who was his or her spouse on the Issue Date.) Thus, Early Withdrawals will be determined based upon this definition of your SIR Coverage Date. Your Lifetime Withdrawal Percentage will be determined based on the age that the ***younger spouse*** is (or would have been) on the date of the first withdrawal under the Contract after the SIR Coverage Date, as shown in the table below.

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| | |
|:---|:---|
| &nbsp;&nbsp; **Age of Younger Spouse on**<br> **Date of the First Withdrawal After**<br> **Your SIR Coverage Date**<br>| **Lifetime Withdrawal Percentage** |
| 59 - 64 | 4% |
| 65 - 79 | 5% |
| 80 or older | 6% |

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Your Annual Withdrawal Amount equals your Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage. Once your Annual Withdrawal Amount is calculated, the Lifetime Withdrawal Percentage will not change except if a step-up occurs as described under "Step-Up Under SIR." The Lifetime Withdrawal Percentage will then be reset, if higher, to the percentage for then attained age of the younger spouse.

The two spouses on the Issue Date are the only two people covered under the joint-life feature. If a Participant remarries, the new spouse is not covered under the joint-life feature. Therefore, if the spouse on the Issue Date is no longer your spouse, the SIR benefits continue for your life and, when you die, annual withdrawals are no longer available. Note that, when you elect joint-life coverage, you also elect the higher joint-life fee. That fee will not change as long as SIR is in effect, regardless of any change in life events.

**If one spouse is significantly younger than the other spouse, 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 SIR can be made and in light of the higher fee for joint-life coverage.** 

Joint-life coverage may not be available on all Contracts.

**Cancellation of SIR** 

Should you decide that SIR is no longer appropriate for you, you may cancel SIR at any time. Upon cancellation, all benefits and charges under SIR shall cease. Once cancelled, SIR cannot be reinstated.

Although transfers among the Designated Funds are permitted as described under "Transfer Privilege," **SIR will be cancelled automatically:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any Purchase Payment is allocated to an investment option other than a Designated Fund; or

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any portion of Account Value maintained in a Designated Fund is transferred into an investment option other than a Designated Fund.

**SIR will also be cancelled for any of the following:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon a termination of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon annuitization\*; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Withdrawal Benefit Base is reduced to zero as a result of Early or Excess Withdrawals.

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\*

Note that the Maximum Annuity Commencement Date permitted under this Contract is the first day of the month following the Annuitant's 95th birthday. (See "Selection of Annuity Commencement Date.")

**A change of ownership of the Contract may also cancel your benefits under SIR.** 

**Death of Participant Under SIR with Single-Life Coverage** 

If you selected single-life coverage, SIR terminates on the death of any Participant 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 on a co-owned Contract, because the living benefit will end on the death of any Participant. Note also that Beneficiaries who are not spouses cannot continue the Contract (see "Spousal Continuance") or any living benefit under the Contract. Co-owners who are not spouses should, therefore, discuss with their financial adviser whether a living benefit is appropriate for them.** 

**Death of Participant Under SIR with Joint-Life Coverage** 

If the surviving spouse on the Death Benefit Date was not the spouse of a Participant on the original Contract's Issue Date, then this section does not apply, even if joint-life coverage was elected. In such case, if a Participant dies while participating in SIR, the provisions of the section titled "Death of Participant Under SIR with Single-Life Coverage" will apply.

If you purchased joint-life coverage and one of the Participants dies, SIR 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;● the new Account Value will be equal to the Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the SIR Fee for the joint-life coverage option will continue for the surviving spouse as it was immediately prior to the death of the Participant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Withdrawal Benefit Base and the SIR Bonus Base will remain unchanged until the next Account Anniversary when a step-up could apply due to an increase in Account Value (see "Step-Up Under SIR");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if withdrawals under SIR have not yet begun, the Lifetime Withdrawal Percentage will be based on the age the younger spouse attains (or would have attained) on the date of the first withdrawal after the SIR Coverage Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if withdrawals under SIR have already begun, the Lifetime Withdrawal Percentage will be the Lifetime Withdrawal Percentage that applied to the Contract prior to the death of the Participant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the SIR Bonus Period will continue unchanged from the original contract.

At the death of the surviving spouse, the Contract, including SIR, will terminate.

If you purchased joint-life coverage and the deceased Participant's surviving spouse does not continue the Contract, your Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

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**Annuitization Under SIR** 

Under the terms of SIR, if your Account Value is greater than zero on your Maximum Annuity Commencement Date, you may elect to:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) annuitize your Account Value under one of the then currently available Annuity Options, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) annuitize your remaining Account Value as a single-life annuity (or a joint-life annuity, if joint-life coverage was elected at issue and is still eligible) with an annualized annuity payment of not less than your then current Annual Withdrawal Amount.

If you make no election, we will default your choice to option 3.

If your Account 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 Maximum Annuity Commencement Date, you will receive your full Annual Withdrawal Amount until you die. For a more complete discussion of this, see "*Depleting Your Account Value*."

**Tax Issues Under SIR** 

Certain state and federal tax provisions may be important to you in connection with a living benefit. If your Contract is a Non-Qualified Contract, it is possible that the election of an optional living benefit, such as SIR, might increase the taxable portion of any withdrawal you make from the Contract. It is not clear whether withdrawals after the Coverage Date while the Account 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 pursuant to SIR after the Account Value becomes zero as annuity payments for tax purposes.

You may not elect a Living Benefit with an inherited Non-Qualified Contract or beneficiary IRA Contract.

If your Contract is a Qualified Contract, then the retirement plan governing that Qualified Contract may be subject to certain required minimum distribution (RMD) provisions imposed by the Internal Revenue Code (the "Code") and Internal Revenue Service ("IRS") regulations (collectively, the "Federal Tax Laws"). These RMD provisions require that an amount be distributed from the retirement plan each year. Your failure to withdraw your yearly RMD amount from your retirement plan could result in adverse tax treatment. Because for certain retirement plans we do not know what assets are held by the plan, we have assumed for all plans that the Qualified Contract (i.e., your Contract) is the only asset, and we determine a yearly RMD amount taking into account only your Contract ("Yearly RMD Amount").

When you elect to participate in SIR, we will inform you that you may withdraw amounts up to your Yearly RMD Amount each year without reducing your Withdrawal Benefit Base. To assist you in complying with the RMD requirements, in January of each year, we will notify you of your calculated Yearly RMD Amount and inform you that you may withdraw amounts up to your Yearly RMD Amount each Account Year without reducing your Withdrawal Benefit Base.

To the extent that the Yearly RMD Amount attributable to your Contract exceeds the Annual Withdrawal Amount permitted each year under SIR, we currently are waiving withdrawal provisions as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in SIR, then we will reduce your Account Value dollar-for-dollar by the amount of the withdrawal. In addition, for that year only, your Annual Withdrawal Amount under SIR will be reduced, dollar-for-dollar, by the amount of the withdrawal. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than your Annual Withdrawal Amount. In other words, we will not reduce your Annual Withdrawal Amount for future years (or your Withdrawal Benefit Base or SIR Bonus Base), if a Yearly RMD Amount exceeds your Annual Withdrawal Amount, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that amount until the first quarter of the next calendar year, and

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in your receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

Currently, any withdrawal in excess of the Annual Withdrawal Amount that is taken to satisfy the Yearly RMD Amounts will not be treated as an Excess Withdrawal. **However, if there is any material change to the current Code or IRS Rules governing the timing or determination of required minimum distribution amounts, then the Company reserves the right to treat any withdrawal greater than the Annual Withdrawal Amount as an Excess Withdrawal which may significantly reduce the Withdrawal Benefit Base.** 

For a further discussion of some of these provisions, please refer to "Impact of Optional Death Benefits and Optional Living Benefits" under "TAX PROVISIONS."

**DESIGNATED FUNDS** 

To participate in an optional living benefit, all of your Account Value must be invested only in Designated Funds at all times during the term of your optional living benefit. See Appendix B - LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS.

One of the asset allocation models that qualifies as a Designated Fund is the portfolio model that applies to our "build your own portfolio" program. That portfolio model and the "build your own portfolio" program are described in "BUILD YOUR OWN PORTFOLIO" and in "APPENDIX B - LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS."

If you elected to participate in Income ON Demand II ("IOD II"), Income ON Demand II Escalator ("IOD II Escalator"), Income ON Demand II Plus ("IOD II Plus"), Retirement Income Escalator II ("RIE II"), Income ON Demand III Escalator ("IOD III Escalator"), or Income Riser ("SIR") and are invested in more than one Designated Fund, we will automatically transfer assets among your Designated Funds to maintain the percentage allocation you selected. We will make these transfers on a quarterly basis.

If you purchased Secured Returns, Secured Returns 2, Secured Returns for Life, Secured Returns for Life Plus, Income ON Demand ("IOD"), Retirement Income Escalator ("RIE"), or Retirement Asset Protector, and you are invested in more than one Designated Fund, we will not automatically transfer your assets among your Designated Funds to maintain the percentage allocation you selected, *unless you have instructed us to do so*.

We reserve the right to declare that a particular Fund no longer qualifies as a Designated Fund. Written notice will be provided to Contract Owners whenever a fund is no longer considered to be a Designated Fund. If you are invested in a Designated Fund at the time we declare the Fund to no longer be a Designated Fund, your Account Value can remain in that Fund without canceling your participation in a living benefit. However, any transfers or future Purchase Payments may only be allocated to a Fund that is declared by us to be a Designated Fund at the time of the transaction. If you are invested in a Fund that has been declared by us to no longer be a Designated Fund, you must first transfer your Account Value from that Fund into one or more of the current Designated Fund(s) if you want to make subsequent Purchase Payments or any additional transfers. (Note that this restriction does not apply to automatic portfolio rebalancing. Likewise, if you are participating in a DCA program and one of the funds receiving transfers under the DCA program is declared no longer to be a Designated Fund, then your Account Value can remain invested in that Fund until the end of your DCA Period. However, before you make any subsequent Purchase Payments, you must first transfer all your Account Value from that Fund into one or more of the current Designated Funds and provide us with new allocation instructions for your DCA program.) We also reserve the right to close Funds only to new Contracts. We will, however, revise the Prospectus to give notice to prospective investors of the closing of any Fund. If a Designated Fund is closed only to new Contracts, any current Account Value may remain in that Fund and future transfers and Purchase Payments to that Fund are permissible, as long as the Fund is still declared by us to be a Designated Fund.

Note that, on IOD, IOD II, IOD II Plus, IOD II Escalator, RIE, RIE II, IOD III Escalator, and SIR we have reserved the right to allow step-ups only if your Account Value is invested in a Fund that has been declared by us to be a Designated

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Fund. In such case, if you are invested in a Fund that has been declared by us to no longer be a Designated Fund, you will have to transfer into a current Designated Fund before a step-up can occur. If you decide not to transfer into a current Designated Fund and forgo step-up, then your living benefit will continue with all of the benefits except for step-up.

**BUILD YOUR OWN PORTFOLIO** 

Among the choices of Designated Funds is a selection of funds ("portfolio model") that you design yourself using certain broad guidelines that we provide. To "build your own portfolio," you pick funds from the asset classes available at that time. Altogether you may not choose more than 18 funds for your portfolio model. The amount you may invest in each asset class is determined by a percentage range that we provide for each asset class. The sum of the percentages you invest in the asset classes altogether must total 100%. A chart showing the Funds available in each asset class and the percentage range assigned to each asset class is included in Appendix B - LIST OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS.

You may transfer funds within the asset classes as long as your allocations remain within the percentage ranges we have established, and you adhere to the transfer provisions of your Contract. (See "Transfer Privilege," "*Short-Term Trading*," and "*Funds' Trading Policies*.") Withdrawals out of your portfolio model will be taken pro-rata from each of your selected Funds. Any additional Purchase Payments will be allocated proportionally to your current Fund selection. At any time you can change your Fund selection by providing new allocation instructions. Your new instructions will change your existing allocations accordingly. Your portfolio will be rebalanced quarterly to maintain your percentage allocations in line with the performance of the Funds over the prior quarter.

Under the terms of the living benefits, however, there are certain limits on the times when you can make additional Purchase Payments.

If at any time, a fund is closed to new business, no new payments or transfers into the fund will be permitted. However, portfolio rebalancing of the fund will continue. To make a payment into your portfolio model after a fund within the model has been closed, you must redesign your portfolio model without the closed fund. Your entire Account Value will then be reallocated to your new portfolio model. Likewise, if you are participating in a DCA program and one of the Funds in this portfolio model receiving transfers under the DCA program is declared to no longer be part of the portfolio model, then the program will run through to completion. However, before you make any subsequent Purchase Payments, you must first either (a) reallocate your total Account Value among funds that comply with the current Build Your Own Portfolio categories or (b) transfer your total Account Value to Designated Funds other than the Build Your Own Portfolio model. You must also provide us with new allocation instructions for your DCA program.

**DEATH BENEFIT** 

If the Covered Person dies during the Accumulation Phase, we may pay a death benefit to the designated Beneficiary(ies), using the payment method elected (a single cash payment or one of our Annuity Options that is available and permissible under Federal Tax Laws). If the Beneficiary is not living on the date of death of the Covered Person, we will pay the death benefit to the surviving Participant, if any, subject to conditions imposed by Federal Tax Laws or, if there is no Participant, in one sum to your estate. We do not pay a death benefit if the Covered Person dies during the Income Phase. However, the Beneficiary may receive any annuity payments provided under the Annuity Option that is in effect and that is permissible under Federal Tax Laws. If the Contract names more than one Covered Person, we will pay the death benefit upon the first death of such Covered Persons.

The death benefit proceeds will remain invested in the Sub-Accounts in accordance with the allocations made by the Contract Owner until the Beneficiary has provided us with Due Proof of Death in Good Order. Once we have received Due Proof of Death, then investments in the Variable Account may be reallocated in accordance with the Beneficiary's instructions.

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**Amount of Death Benefit** 

To calculate the amount of the death benefit, we use a "Death Benefit Date." The Death Benefit Date is the date we receive Due Proof of Death of the Covered Person in an acceptable form, if you have elected a death benefit payment method that is permissible under Federal Tax Laws before the death of the Covered Person and it remains in effect. Otherwise, the Death Benefit Date is the later of the date we receive Due Proof of Death or the date we receive the Beneficiary's election of a payment method or, if the Beneficiary is your spouse, Contract continuation. If we do not receive the Beneficiary's election within 60 days after we receive Due Proof of Death, we reserve the right to provide a lump sum to your Beneficiary.

The amount of the death benefit is determined as of the Death Benefit Date.

**The Basic Death Benefit** 

In general, if you were 85 or younger on your Open Date, the death benefit will be the greatest of the following amounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) your Account Value for the Valuation Period during which the Death Benefit Date occurs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the amount we would pay if you had surrendered your entire Account on the Death Benefit Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) your total Adjusted Purchase Payments (Purchase Payments x (Account Value after withdrawal ÷ Account Value before withdrawal)) as of the Death Benefit Date. (See "Calculating the Death Benefit.") **Because of the way that Adjusted Purchase Payments are computed, when the Account value is less than the Adjusted Purchase Payments, a withdrawal may cause the basic death benefit to decrease by more than the amount of the withdrawal.** 

If you were 86 or older on your Open Date, the death benefit is equal to amount (2) above. Because this amount will reflect any applicable withdrawal charges and Market Value Adjustment, it may be less than your Account Value.

**Optional Death Benefit** 

You may enhance the "basic death benefit" by electing the optional death benefit known as the Maximum Anniversary Account Value ("MAV"). You must make your election on or before the Issue Date. You will pay a charge for the optional death benefit. (For a description of the charge, see "Charges for Optional Benefits.") The optional death benefit is available only if you are younger than age 75 on the Open Date. The optional death benefit election may not be changed after the Contract's Issue Date. The optional death benefit will be adjusted for all partial withdrawals as described in this Prospectus under the heading "Calculating the Death Benefit."

If your Contract is a Qualified Contract, required minimum distributions under the Internal Revenue Code may affect the value of this optional death benefit to you. Please refer to "Impact of Optional Death Benefits and Optional Living Benefits" under "TAX PROVISIONS" for more information regarding tax issues that you should consider before electing this optional benefit.

Under MAV, the death benefit will be the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the amount payable under the basic death benefit above, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your highest Account Value on any Account Anniversary before the Covered Person's 81st birthday, adjusted for any subsequent Purchase Payments and partial withdrawals made between that Account Anniversary and the Death Benefit Date.

In determining the highest Account Value, on the second and each subsequent Account Anniversary, the current Account Value is compared to the previous highest Account Value, adjusted for any Purchase Payments and partial withdrawals made during the Account Year ending on that Account Anniversary. If the current Account Value exceeds the adjusted highest Account Value, the current Account Value will become the new highest Anniversary Account Value.

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**Spousal Continuance** 

Under an individually-owned Contract, if you are the Covered Person and your spouse is the sole Beneficiary, upon your death, your spouse may elect to continue the Contract by becoming the new Participant and new Covered Person, rather than receive the death benefit amount. Under a co-owned Contract, if you and your spouse are the Covered Persons and sole Beneficiaries, then upon the death of either you or your spouse, the surviving spouse may continue the Contract as the sole Participant and sole Covered Person. In either case, we will not pay a death benefit, but the Contract's Account Value will be set to equal the death benefit amount. (See "The Basic Death Benefit" or, if applicable, the "Optional Death Benefit.") If you are participating in a living benefit and you have joint-life coverage, then your surviving spouse may continue the Contract and the living benefit. If you are participating in a living benefit and you have single-life coverage, then your surviving spouse can continue the Contract, but the living benefit will terminate and no optional living benefit will be available to your surviving spouse. (See "Death of Participant - Single-Life Coverage.")

All Contract provisions, including, if elected, the optional death benefit (subject to the optional death benefit age restriction), will continue as if your surviving spouse had purchased the Contract on the Death Benefit Date with a deposit equal to the death benefit amount. For purposes of calculating death benefits and expenses from that date forward, your surviving spouse's age on the original effective date of the Contract will be used. Upon surrender or annuitization, this increased amount will not be treated as premium, but will be treated as income. If you are in a same-sex marriage, see "*Definition of Spouse Under Federal Law*" under "TAX PROVISIONS."

**Calculating the Death Benefit** 

In calculating the death benefit amount payable under option (3) of "The Basic Death Benefit" or the optional death benefit, each partial withdrawal will reduce the death benefit amount to an amount equal to the death benefit amount immediately before the withdrawal multiplied by the ratio of the Account Value immediately after the withdrawal to the Account Value immediately before the withdrawal. (See "The Basic Death Benefit.") **A withdrawal may cause the basic death benefit to decrease by more than the amount of the withdrawal.** 

Rather than receiving the death benefit, the Beneficiary may, subject to the requirements under the Federal Tax Laws, elect to annuitize, to defer receipt of the death benefit, or to continue the Contract. In such case, if the death benefit amount payable under the Contract is greater than your Account Value, we will increase the Account Value to equal the death benefit amount. Any such increase will be allocated to the Sub-Accounts in proportion to your Account Value in those Sub-Accounts on the Death Benefit Date. Also, any portion of this new Account Value attributed to the Fixed Account will be transferred to the Money Market Sub-Account (without the application of a Market Value Adjustment). If a surviving spouse, as the named Beneficiary, elects to continue the Contract after the Covered Person's death, the surviving spouse may transfer any such Fixed Account portion back to the Fixed Account and begin a new Guarantee Period, if we are then currently offering Fixed Account options.

**Method of Paying Death Benefit** 

The death benefit may be paid in a single cash payment or as an annuity (either fixed, variable or a combination), under one or more of our Annuity Options that is available and permissible under the Federal Tax Laws. We describe the Annuity Options in this Prospectus under "The Income Phase - Annuity Provisions."

During the Accumulation Phase, you may elect the method of payment for the death benefit. This election can be made 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 that is permissible under the Federal Tax Laws.

We can defer payment of the death benefit to the extent permitted under the Investment Company Act of 1940. (See "Payment of Death Benefit.")

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

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**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, restrictions (2) and (3) above do 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 you die before the RBD, or your life expectancy if you die after your RBD. In all events, annuity payments must end by December 31st 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 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 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).

**Non-Qualified Contracts** 

If your Contract is a Non-Qualified Contract, special distribution rules apply to the payment of the death benefit. The amount of the death benefit must be distributed either (1) as a lump sum within five years after your death, or (2) if 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 Internal Revenue 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 in his or her own name as Participant. To make this election, your spouse must give us written notification within 60 days after we receive Due Proof of Death. The special distribution rules will then apply on the death of your spouse. To understand what happens when your spouse continues the Contract, see "Spousal Continuance." If you are in a same-sex marriage, see "*Definition of Spouse Under Federal Law*" under "TAX PROVISIONS."

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

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

Payments made in contravention of these special rules would adversely affect the treatment of the Contracts as annuity contracts under the Internal Revenue Code. Neither you nor the Beneficiary may exercise rights that would have that effect.

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**Selection and Change of Beneficiary** 

You select your Beneficiary in your Application. You may change your Beneficiary at any time by sending us written notice on our required form, unless you previously made an irrevocable Beneficiary designation. A new Beneficiary designation is not effective until we record the change.

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 Commencement Date or 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 your Beneficiary, or your 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 your 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 your 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 addresses, if and as they change.

**Payment of Death Benefit** 

Payment of the death benefit in cash will be made within seven days of the Death Benefit Date, except if we are permitted to defer payment in accordance with the Investment Company Act of 1940. If an Annuity Option is elected, the Annuity Commencement Date will be the first day of the second calendar month following the Death Benefit Date, and your Account will remain in effect until the Annuity Commencement Date.

**THE INCOME PHASE - ANNUITY PROVISIONS** 

During the Income Phase, we make regular annuity payments to the Annuitant.

The Income Phase of your Contract begins with the Annuity Commencement Date. On that date, we apply your Account Value, adjusted as described under the Annuity 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 Annuity Option D, Monthly Payments for a Specified Period Certain, as described under "Annuity Options," and you cannot change the Annuity Option selected. (Also, a Beneficiary receiving payments after the Annuitant's death under Option B, Life Annuity with 60, 120, 180 or 240 Monthly Payments Certain, may elect to receive the discounted value of the remaining payments in a single sum, as discussed under "Annuity Options.") You may request a full withdrawal before the Annuity Commencement Date, which will be subject to all charges applicable on withdrawals. (See "WITHDRAWALS, WITHDRAWAL CHARGES, AND MARKET VALUE ADJUSTMENT.")

**Once annuity payments start under an Annuity 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 in your Application. The Annuitant is the person who receives annuity payments during the Income Phase and on whose life these payments are based. In your Contract, the Annuity Options refer to the Annuitant as the "Payee." If you name someone other than yourself as Annuitant and the Annuitant dies before the Income Phase, you become the Annuitant.

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

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**Selection of the Annuity Commencement Date** 

You select the Annuity Commencement Date in your Application. The following restrictions apply to the date you may select:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The earliest possible Annuity Commencement Date is the first day of the second month following your Issue Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The latest possible Annuity Commencement Date is the first day of the month following the Annuitant's 95th birthday ("Maximum Annuity Commencement Date"). If there is a Co-Annuitant, the Annuity Commencement Date applies to the younger of the Annuitant and Co-Annuitant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Annuity Commencement Date must always be the first day of a calendar month.

You may change the Annuity Commencement Date by sending us written notice, in a form acceptable to us, with the following additional limitations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● We must receive your notice, in Good Order, at least 30 days before the current Annuity Commencement Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The new Annuity Commencement Date must be at least 30 days after we receive the notice.

There may be other restrictions on your selection of the Annuity Commencement Date imposed by your retirement plan or applicable law.

**Annuity Options** 

We offer the following Annuity Options for payments during the Income Phase. Each Annuity Option may be selected for a Variable Annuity, a Fixed Annuity, or a combination of both. We may also agree to other settlement options, at our discretion.

***Annuity Option A - Life Annuity*** 

We provide monthly 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 Commencement Date, only one annuity payment will be made.

***Annuity Option B - Life Annuity with 60, 120, 180 or 240 Monthly Payments Certain*** 

We make monthly payments during the lifetime of the Annuitant. In addition, we guarantee that the Beneficiary will receive monthly payments for the remainder of the period certain, if the Annuitant dies during that period, subject to any conditions imposed by Federal Tax Laws. The election of a longer period results in smaller monthly payments. If no Beneficiary is designated, we pay the discounted value of the remaining payments in one sum to the Annuitant's estate. The Beneficiary may also elect to receive the discounted value of the remaining payments in one sum. The discount rate for a Variable Annuity will be the assumed interest rate of 3%; the discount rate for a Fixed Annuity will be based on the interest rate we used to determine the amount of each payment.

***Annuity Option C - Joint and Survivor Annuity*** 

We make monthly payments during the lifetime of the Annuitant and another person you designate and during the lifetime of the survivor of the two. We stop making payments when the last survivor dies. There is no provision for continuance of any payments to a Beneficiary.

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

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***Annuity Option D - Monthly Payments for a Specified Period Certain*** 

We make monthly payments for a specified period of time from 5 to 30 years, as you elect. The longer the period you elect, the smaller your monthly payments will be. If payments under this option are paid on a variable annuity basis, the Annuitant may elect to receive, in one sum, at any time, some or all of the discounted value of the remaining payments, less any applicable withdrawal charge; the discount rate for this purpose will be the assumed interest rate of 3%. If the Annuitant dies during the period selected, the remaining income payments are made as described above for the payments to a Beneficiary under Annuity Option B, subject to any conditions imposed by Federal Tax Laws. The election of this Annuity Option may result in the imposition of an additional tax. The 5, 6, 7, 8, and 9-year period certain options are not available during your first seven Account Years unless (a) you or your Beneficiary are selecting this Annuity Option to be used as the method of payment for the death benefit and (b) your Beneficiary's life expectancy on the date of the first payment exceeds the selected period.

**Selection of Annuity Option** 

You select one or more of the Annuity Options, 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 Commencement Date. If we have not received your written selection on the 30th day before the Annuity Commencement Date, you will receive Annuity Option B, for a life annuity with 120 monthly payments certain, except as otherwise provided under your applicable living benefit.

You must specify the proportion of your Adjusted Account Value you wish to provide a Variable Annuity or a Fixed Annuity. Under a Variable Annuity, the dollar amount of payments will vary, while under a Fixed Annuity, the dollar amount of payments will remain the same. You may allocate your Adjusted Account Value applied to a Variable Annuity among the Sub-Accounts, or we will use your existing allocations. If, however, a portion of your Account Value was allocated to a Guarantee Period at the time of annuitization, that portion will be exchanged for Annuity Units and allocated among the Sub-Accounts you select at annuitization or, if you make no such selection, then in proportion to the Sub-Accounts you were invested in prior to annuitization.

There may be additional limitations on the options you may elect under your particular retirement plan or applicable law.

**Remember that the Annuity Option may not be changed once annuity payments begin, unless a change is required under Federal Tax Laws.** 

**Amount of Annuity Payments** 

***Adjusted Account Value*** 

The Adjusted Account Value is the amount we apply to provide a Variable Annuity and/or a Fixed Annuity. We calculate Adjusted Account Value by taking your Account Value on the Business Day just before the Annuity Commencement Date and making the following adjustments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● We deduct a proportional amount of the Account Fee, based on the fraction of the current Account Year that has elapsed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If applicable, we apply the Market Value Adjustment to your Account Value in the Fixed Account, which may result in an addition or no change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● We deduct any applicable premium tax or similar tax if not previously deducted.

***Variable Annuity Payments*** 

On the Annuity Commencement Date, we will exchange your Account's Variable Accumulation Units for Annuity Units upon which we will assess annual insurance charges of 1.60% of your average daily Annuity Unit values. Variable Annuity payments may vary each month. We determine the dollar amount of the first payment using the portion of your Adjusted Account Value applied to a Variable Annuity and the "annuity payment rates" in your Contract, which are based on an assumed interest rate of 3% per year, compounded annually. (See "Annuity Payment Rates.")

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To calculate the remaining payments, we convert the amount of the first payment into Annuity Units for each Sub-Account; we determine the number of those Annuity Units by dividing the portion of the first payment attributable to the Sub-Account by the Annuity Unit value of that Sub-Account for the Valuation Period ending just before the Annuity Commencement Date. This number of Annuity Units for each Sub-Account will remain constant (unless the Annuitant requests a transfer among Sub-Accounts). However, the dollar amount of the next Variable Annuity payment, which is the sum of the number of Annuity Units for each Sub-Account times its Annuity Unit value for the Valuation Period ending just before the date of the payment, will increase, decrease, or remain the same, depending on the net investment return of the Sub-Accounts.

If the net investment return of the Sub-Accounts selected is the same as the assumed interest rate of 3%, compounded annually, the payments will remain level. If the net investment return exceeds the assumed interest rate, payments will increase and, conversely, if it is less than the assumed interest rate, payments will decrease.

Please refer to the Statement of Additional Information for more information about calculating Variable Annuity Units and Variable Annuity payments, including examples of these calculations.

After you annuitize, we will deduct total insurance charges at an annual rate of 1.60% of your average daily Annuity Unit values. We will no longer deduct the mortality and expense risk charge or the charges for any optional living benefit or optional death benefit. The 1.60% charge, which includes an administrative expense charge and a distribution fee, compensates us for the risks and expenses associated with providing annuity payments during the Income Phase. The total insurance charges of 1.60% during the Income Phase are higher than the maximum total Variable Account annual expenses (without optional benefits) deducted during the Accumulation Phase.

***Fixed Annuity Payments*** 

Fixed Annuity payments are the same each month. We determine the dollar amount of each Fixed Annuity payment using the fixed portion of your Adjusted Account 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 Commencement Date, if they are more favorable. (See "Annuity Payment Rates.")

***Minimum Payments*** 

If your Adjusted Account Value is less than $2,000, or the first annuity payment for any Annuity Option is less than $20, we will pay the Adjusted Account Value to the Annuitant in one payment, except as otherwise provided under your applicable living benefit.

**Transfer of Variable Annuity Units** 

During the Income Phase, the Annuitant may transfer Annuity Units in one Sub-Account for Annuity Units in another Sub-Account, up to 12 times each Account Year. Any such transfers may be subject to any restrictions or other policies that the Funds have adopted to protect the Funds from short-term trading or other practices that are potentially harmful to the Fund (the "Funds' Trading Policies"). The applicability of the Funds' Trading Policies is the same during the Income Phase as during the Accumulation Phase, and this is discussed in this Prospectus under "Funds' Trading Policies." For the reasons discussed there, you should review and comply with each Fund's Trading Policies, which are generally disclosed in the Funds' current prospectuses.

During the Income Phase, the Annuitant, the authorized representative of the broker-dealer of record, or another authorized third party may request transfers by telephone, or in writing by submitting the request to our Service Address, stating the number of Annuity Units in the Sub-Account he or she wishes to transfer and the new Sub-Account for which Annuity Units are requested. The number of new Annuity Units will be calculated so the dollar amount of an annuity payment on the date of the transfer would not be affected. To calculate this number, we use Annuity Unit values for the Valuation Period during which we receive the transfer request.

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Before transferring Annuity Units in one Sub-Account for those in another, the Annuitant should carefully review the relevant Fund prospectuses for the investment objectives and risk disclosure of the Funds in which the Sub-Accounts invest.

During the Income Phase, we permit only transfers among Sub-Accounts. No transfers to or from a Fixed Annuity are permitted.

**Account Fee** 

During the Income Phase, we deduct the annual Account fee of $50 in equal amounts from each Variable Annuity payment. We do not deduct the annual Account fee from Fixed Annuity payments.

**Annuity Payment Rates** 

Annuity payment rates are the rates we use to determine the dollar amount of an annuity payment under each Annuity Option. The Contract contains annuity payment rate schedules for each Annuity Option described in this Prospectus. These schedules show, for each $1,000 applied, the dollar amount of: (a) the first monthly Variable Annuity payment based on the assumed interest rate specified in the applicable Contract (3% per year, compounded annually); and (b) the monthly Fixed Annuity payment, when this payment is based on the minimum guaranteed interest rate specified in the Contract. We may change these rates under Group Contracts for Accounts established after the effective date of such change. (See "Modification.")

The annuity payment rates may vary according to the Annuity Option elected and the adjusted age of the Annuitant. The Contracts also describe the method of determining the adjusted age of the Annuitant. The mortality table used in determining the annuity payment rates for Annuity Options A, B and C is the Annuity 2000 Table.

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

You or your Beneficiary may also select one or more Annuity Options to be used in the event of the Covered Person's death before the Income Phase, as described under the "Death Benefit" section of this Prospectus. In that case, your Beneficiary will be the Annuitant. The Annuity Commencement Date will be the first day of the second month beginning after the Death Benefit Date.

**GENERAL INFORMATION** 

**Electronic Account Information** 

During the Accumulation Phase, instead of receiving paper copies, Contract Owners may elect to receive prospectuses, transaction confirmations, reports and other communications in electronic format. To enroll in this optional electronic delivery service Contract 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, in order to avoid any disruption of deliveries to you. You may obtain more information and assistance at the above-mentioned internet location or by writing us at our mailing address or by telephone at (877) 253-2323.

**Exercise of Contract Rights** 

An Individual Contract belongs to the individual to whom the Contract is issued. A Group Contract belongs to the Owner. In the case of a Group Contract, the Owner may expressly reserve all Contract rights and privileges; otherwise, each Participant will be entitled to exercise such rights and privileges. In any case, such rights and privileges can be exercised

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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 Commencement Date, except as the Contract otherwise provides.

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

**Change of Ownership** 

Ownership of a Qualified Contract may not be transferred except to: (1) the Annuitant; (2) a trustee or successor trustee of a pension or profit sharing trust which is qualified under Section 401 of the Internal Revenue Code; (3) the employer of the Annuitant, provided that the Qualified Contract after transfer is maintained under the terms of a retirement plan qualified under Section 403(a) of the Internal Revenue Code for the benefit of the Annuitant; (4) the trustee or custodian of an individual retirement account plan qualified under Section 408 of the Internal Revenue Code for the benefit of the Participants under a Group Contract; or (5) as otherwise permitted from time to time by laws and regulations governing the retirement or deferred compensation plans for which a Qualified Contract may be issued. Subject to the foregoing, 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 to any person other than the Company.

The Owner of a Non-Qualified Contract may change the ownership of the Contract prior to the Annuity Commencement Date; and each Participant, in like manner, may change the ownership interest in a Contract. A change of ownership will not be binding on us until we receive written notification, in Good Order. When we receive such notification, the change will be effective as of the date on which the request for change was signed by the Owner or Participant, as appropriate, but the change will be without prejudice to us on account of any payment we make or any action we take before receiving the change. 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.

Change of ownership will not change the Covered Person named when the Contract is issued. This means that all death benefits and surrender charge waivers will continue to be based on the Covered Person and not the Participant. The amount payable on the death of the new Participant will be the Surrender Value.

**Reports to Owners** 

We will send you, by regular U.S. mail, confirmation of all Purchase Payments (including any interest credited), withdrawals, (including any withdrawal charges and federal taxes on withdrawals), minimum distributions, death benefit payments, transfers (excluding dollar-cost averaging transfers) and living benefit credits or refunds. Such confirmations will be sent within two business days after the transaction occurs.

In addition, within five business days after each calendar quarter, we will send you, by regular U.S. mail, a statement showing your current Account Value, death benefit value, and investment allocation by asset class. Each quarterly statement will detail transactions that occurred during the last calendar quarter including Purchase Payments, annuity payments, transfers (including dollar-cost averaging transfers), partial withdrawals, systematic withdrawals, minimum distributions, portfolio rebalancing, asset reallocations, step-ups credited on living benefits, and annual contract fees assessed.

We will also send you annual and semi-annual reports of the Funds in which you are invested, including a list of investments held by each portfolio as of the current date of the report.

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 reports on our website.

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It is your obligation to review each such statement 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 for investment under the Contract. We may add or delete Funds or other investment companies as variable investment options under the Contract. We may also substitute for the shares held in any Sub-Account shares of another Fund or shares of another registered open-end investment company or unit investment trust, provided that the substitution has been approved, if required, by the SEC. You will receive notice of any such Fund changes that affect your Contract by a supplement to this Prospectus.

**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 Sub-Accounts, the Variable Account may be operated as a management company under the Investment Company Act of 1940 or it may be deregistered under the Investment Company Act of 1940 in the event registration is no longer required. Deregistration of the Variable Account requires an order by the SEC. 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** 

We reserve the right to split or combine the value of Variable Accumulation Units, Annuity Units or any of them. 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. Any changes we make by splitting or combining Variable Accumulation Unit values must comply with federal securities laws and regulations.

**Modification** 

Upon notice to the Participant, in the case of an Individual Contract, and the Owner and Participant(s), in the case of a Group Contract (or the Payee(s) during the Income Phase), we may modify the Contract if such modification is consistent with federal securities laws and regulations and: (1) 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; (2) is necessary to assure continued qualification of the Contract under the Internal Revenue Code or other federal or state laws relating to retirement annuities or annuity contracts; (3) is necessary to reflect a change in the operation of the Variable Account or the Sub-Account(s) (see "Change in Operation of Variable Account"); (4) provides additional Variable Account and/or fixed accumulation options; or (5) as may otherwise be in the best interests of Owners, Participants, or Payees, as applicable. In the event of any such modification, we may supplement this Prospectus to reflect such modification.

In addition, upon notice to the Owner, we may modify a Group Contract to change the withdrawal charges, Account Fee, mortality and expense risk charges, administrative expense charges, the tables used in determining the amount of the first monthly variable annuity and fixed annuity payments and the formula used to calculate the Market Value Adjustment, provided that such modification applies only to Participant Accounts established after the effective date of such modification. In order to exercise our modification rights in these particular instances, we must notify the Owner of such modification in writing. The notice shall specify the effective date of such modification which must be at least 60 days following the date we mail notice of modification. All of the charges and the annuity tables which are provided in the Group Contract prior to any such modification will remain in effect permanently, unless improved by the Company, with respect to Participant Accounts established prior to the effective date of such modification.

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**Discontinuance of New Participants** 

We may limit or discontinue the acceptance of new Applications and the issuance of new Certificates under a Group Contract by giving 30 days prior written notice to the Owner. This will not affect rights or benefits with respect to any Participant Accounts established under such Group Contract prior to the effective date of such limitation or discontinuance.

**Reservation of Rights** 

We reserve the right, to the extent permitted by law, to: (1) combine any two or more variable accounts or Sub-Accounts; (2) add or delete Funds, sub-series thereof or other investment companies and corresponding Sub-Accounts; (3) add or remove Guarantee Periods available at any time for election by a Participant; and (4) restrict or eliminate any of the voting rights of Participants (or Owners) or other persons who have voting rights as to the Variable Account. Where required by law, we will obtain approval of changes from Participants or any appropriate regulatory authority. In the event of any change pursuant to this provision, we may supplement this Prospectus and make appropriate endorsement to the Contract as necessary to reflect the change.

**Right to Return** 

If you are not satisfied with your Contract, you may return it by mailing or delivering it to us at our Service Address, within 10 days or longer if allowed by your state after it was delivered to you. State law may also allow you to return the Contract to your sales representative. (Information about your right to return period can be found on the first page of your Contract or prominently displayed in an endorsement to your Contract. You can also obtain information about your right to return period by contacting your sales representative.) When we receive the returned Contract, it will be cancelled and we will refund to you your Account Value. If applicable state law requires return of Purchase Payments, we will return the greater of (1) your Surrender Value or (2) the full amount of any Purchase Payment(s) we received.

If you are establishing an Individual Retirement Annuity ("IRA"), the Internal Revenue 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 IRA is in addition to the return privilege set forth in the preceding paragraph. We allow a Participant establishing an IRA a "ten day free-look," notwithstanding the provisions of the Internal Revenue Code.

**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.

When you invest in an annuity contract, you usually do not pay taxes on your investment gains until you withdraw the money - generally for retirement purposes. If you invest in a variable annuity as part of an individual retirement plan, pension plan or employer-sponsored retirement program, your Contract is called a "Qualified Contract." If your annuity is independent of any formal retirement or pension plan, it is termed a "Non-Qualified Contract." The tax rules applicable to Qualified Contracts vary according to the type of retirement plan and the terms and conditions of the plan.

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

The following discussion applies only to those Contracts issued in the United States. For a discussion of tax provisions affecting Contracts issued in Puerto Rico, see "Puerto Rico Tax Provisions."

***Taxation of 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 Account Value increases. There are certain exceptions to this current taxation rule, including: (i) any Contract that is an "immediate annuity", which the Internal Revenue Code (the "Code") defines as a single premium contract with an annuity commencement 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 Account 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.

Any withdrawal of less than your entire Account Value under a Non-Qualified Contract before the Annuity Commencement Date must be treated as a receipt of investment earnings to the extent the Account 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 Account 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 deferred annuity 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 Account Value under a Non-Qualified Contract before the Annuity Commencement 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 a 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 Internal Revenue 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 Account 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 Account 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."

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***Annuity Payments.*** A Payee who receives annuity payments under a Non-Qualified Contract after the Annuity Commencement 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 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 lump-sum payments from Non-Qualified Contracts. This additional tax will generally not apply to distributions made after age 59 <sup>1</sup>∕2, to distributions pursuant to the death or disability of the owner, to distributions that are a part of a series of substantially equal periodic payments made not less frequently than annually for life or life expectancy, or to 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 a Participant 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 Participant's or Annuitant's death, i.e., the investment in the Contract must still be determined by reference to the Participant's investment in the Contract. Special mandatory distribution rules also apply after the death of the Participant when the beneficiary is not the surviving spouse of the Participant.

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.

***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 Annuity Account 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 payments 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, the selection of certain maturity dates, or the exchange of a Contract may result in certain tax consequences to you that are not discussed herein. An Owner contemplating any such transfer, assignment or exchange should consult a qualified tax professional as to the tax consequences.

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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 the tax consequences of 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.

***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 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*** 

"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.

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You may use Qualified Contracts with several types of qualified retirement plans. Because tax consequences will vary with the type of qualified retirement plan and the plan's specific terms and conditions, we provide below only brief, general descriptions of the consequences that follow from using Qualified Contracts in connection with various types of qualified retirement plans. We stress that the rights of any person to any benefits under these plans may be subject to the terms and conditions of the plans themselves, regardless of the terms of the Qualified Contracts that you are using. These terms and conditions may include restrictions on, among other things, ownership, transferability, assignability, contributions and distributions. **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.** 

***Pension and Profit-Sharing Plans.*** Sections 401(a), 401(k) and 403(a) of the Code permit business employers and certain associations to establish various types of retirement plans for employees. The Code requirements are similar for qualified retirement plans of corporations and those of self- employed individuals. Self-employed persons, as a general rule, may therefore use Qualified Contracts as a funding vehicle for their retirement plans. Adverse tax consequences to the retirement plan, the participant or both may result if the plan does not comply with all the requirements of applicable law to such plan. In addition, if the ownership of the Contract is transferred to the participant, generally the Contract must be non-transferable and meet certain other requirements.

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

***Tax-Sheltered Annuities.*** Section 403(b) of the Code permits public school employees and employees of certain types of charitable, educational and scientific organizations specified in Section 501(c)(3) of the Code to purchase annuity contracts and, subject to certain limitations, exclude the amount of purchase payments from gross income for tax purposes. Effective October 1, 2008, we stopped issuing any new Section 403(b) annuities (TSAs), including Texas Optional Retirement Program annuities. We no longer accept any additional Purchase Payments to any previously issued TSAs.

The Code and Internal Revenue Service ("IRS") regulations impose certain requirements on TSAs. In addition, your TSA may be governed by the terms of an employer's TSA plan. In this regard, these requirements will affect (1) the availability of withdrawals, financial hardship distributions, and loans, (2) TSA exchanges within the same employer's TSA plan, and (3) TSA transfers to another employer's TSA plan. In particular, a withdrawal cannot be made before you attain age 59 <sup>1</sup>∕2 except to the extent permitted under the Code, IRS regulations, your Contract, and, if applicable, your TSA plan. To the extent permitted under the Code and, if applicable, your TSA plan, certain withdrawals may be repaid to your TSA plan but may not be repaid to this Contract. You should consult with a qualified tax professional about how these requirements affect you and your TSA.

Distributions from your TSA are fully taxable and will be subject to any applicable Contract withdrawal charge. Distributions may be subject to a 10% additional tax unless an exception applies.

Special rules apply to TSA financial hardship withdrawals. You will be required to certify in writing to us that (1) the requested withdrawal is on account of a financial need of a type which is deemed in regulations to be an immediate and heavy financial need, (2) the requested withdrawal amount is not in excess of the amount required to satisfy such financial need, (3) the requested withdrawal complies with applicable law, including the federal tax law limit, and (4) you have no alternative means reasonably available to satisfy such financial need. A requested withdrawal will not fail to be treated as made upon your hardship solely because you do not take any available loan under your TSA plan. Your TSA employer also may need to agree in writing to your hardship request.

Your TSA plan may contain a provision that permits loans; however, the Contract does not, and loans are therefore not available from the Contract.

TSAs, like IRAs and qualified plans, are subject to required minimum distributions under the Code. TSAs are unique, however, in that any account balance accruing before January 1, 1987 (the "pre-1987 balance") needs to comply with only the minimum distribution incidental benefit (MDIB) rule and not also with the minimum distribution rules set forth in Section 401(a)(9) of the Code. This special treatment for any pre-1987 balance is, however, conditioned upon the issuer

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identifying the pre-1987 balance and maintaining accurate records of changes to the balance. Since we do not maintain such records, your pre- 1987 balance, if any, will not be eligible for special distribution treatment. For more information, please see ***Required Minimum Distributions*** below.

Under the terms of a particular TSA plan, you may be entitled to transfer or exchange all or a portion of your TSA to one or more alternative funding options within the same or different TSA plan. You should consult the documents governing your TSA plan and your plan administrator for information as to such investment alternatives. If you wish to transfer/exchange your TSA, you will be able to do so only if the issuer of the new TSA certifies to us that the transfer/exchange is permissible under the Code and the applicable TSA plan. Your TSA employer also may need to agree in writing to your transfer/exchange request.

***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 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." 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.

***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.

The Internal Revenue Service 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 of the 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;

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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 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;

&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.

Additional exceptions may apply to distributions from a qualified plan if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You have separated from service with the plan sponsor at or after age 55;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You are a qualified public safety employee or a private sector firefighter taking a distribution from a governmental plan or from a qualified plan, a 403(a) plan, or a 403(b) contract and you separated from service after age 50;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You have separated from service with the plan sponsor and 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The withdrawal amount is paid to an alternate payee under a Qualified Domestic Relations Order ("QDRO"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The distribution is a distribution from a pension-linked emergency savings account as defined in the Code.

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 another eligible plan, 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 under your 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.

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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.

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. If your Qualified Contract is an asset of a qualified retirement plan, the qualified plan is subject to the RMD requirements and the Contract, as an asset of the qualified plan, may need to be used as a source of funds for the RMDs. 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.

Roth IRAs and designated Roth accounts in a qualified plan are not subject to these lifetime distribution rules.

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***Taxation of Qualified Death Benefit Proceeds.*** Generally, death benefits paid upon the death of a Participant 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.

If you are subject to the RMD requirements while you are enrolled in the AB Plan under any optional living benefit, any RMD amount that you take from the Contract will reduce the amount of the benefit under the AB Plan. This reduction could significantly reduce the value of the optional living benefit to you.

If you are subject to the RMD requirements while you are enrolled in the WB Plan under any optional living benefit, and any RMD amount that you take from the Contract ever exceeds the maximum amount that you may withdraw under the terms of the WB Plan, the additional withdrawal amount will reduce the amount of the benefit available under the WB Plan. This reduction could significantly reduce the value of the optional living benefit to you.

Participants in 403(b) plans who are under age 59 <sup>1</sup>∕2 are subject to withdrawal restrictions under the Internal Revenue Code that may prevent them from being able to make any withdrawals under the WB Plan while they remain under age 59 <sup>1</sup>∕2.

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Prior to electing to participate in (or, if applicable, prior to renewing your participation in) any optional living benefit, you should consult with a qualified tax professional as to the possible effect of RMD distributions on the benefits that might otherwise be available under any optional living benefit.

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 a further discussion, please refer to "Tax Issues Under SIR."** 

***Withholding*** 

***Eligible rollover distributions***. In the case of an eligible rollover distribution (as defined above) from a Qualified Contract (other than from an IRA), we (or the plan administrator) must withhold and remit to the U.S. Government 20% of the distribution, unless the Participant or Payee elects to make a direct rollover of the distribution to another qualified retirement plan that is eligible to receive the rollover; however, a Beneficiary who is not the surviving spouse may elect a direct rollover only to a so-called inherited IRA that will be subject to the IRS distribution rules applicable to beneficiaries.

***Other distributions***. In the case of a distribution from (i) a Non-Qualified Contract, (ii) an IRA, or (iii) a Qualified Contract where the distribution is not an eligible rollover distribution, 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 Participant or Payee provides us his or her taxpayer identification number and instructs us (in the manner prescribed) not to withhold. However, the Participant or Payee cannot elect out of withholding in certain circumstances. The Participant or Payee may credit against his or her federal income tax liability for the year of distribution any amounts that we (or the plan administrator) 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.

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***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 an estate planning adviser 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.

***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.

We have the right to modify the Contract in response to legislative changes that could otherwise diminish the favorable tax treatment that annuity contract owners currently receive. We make no guarantee regarding the tax status of any Contract and do not intend the above discussion as tax advice.

**Puerto Rico Tax Provisions** 

The Contract offered by this Prospectus is considered a non-qualified annuity contract under Section 1022 of the Puerto Rico Internal Revenue Code of 1994, as amended and Section 1031.01 of the 2011 Internal Revenue Code for a New Puerto Rico, as amended (collectively the "Puerto Rico Code"). Under the current provisions of the Puerto Rico Code, no income tax is payable on increases in value of accumulation shares of annuity units credited to a variable annuity contract until payments are made to the annuitant or other payee under such contract.

When payments are made from your Contract in the form of an annuity, the annuitant or other payee will be required to include as gross income the lesser of the amount received during the taxable year or the portion of the amount received equal to 3% of the aggregate premiums or other consideration paid for the annuity. The amount, if any, in excess of the included amount is excluded from gross income as a return of premium. After an amount equal to the aggregate premiums or other consideration paid for the annuity has been excluded from gross income, all of the subsequent annuity payments are considered to be taxable income.

When a payment under a Contract is made in a lump sum, the amount of the payment would be included in the gross income of the Annuitant or other Payee to the extent it exceeds the Annuitant's aggregate premiums or other consideration paid.

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The provisions of the Puerto Rico Code with respect to qualified retirement plans described in this Prospectus vary significantly from those under the Internal Revenue Code. We currently offer the Contract in Puerto Rico in connection with Individual Retirement Arrangements that qualify under the U.S. Internal Revenue Code but do not qualify under the Puerto Rico Code. See the applicable text of this Prospectus under the heading "U.S. Federal Income Tax Provisions" dealing with such Arrangements and their RMD requirements. We may make Contracts available for use with other retirement plans that similarly qualify under the U.S. Internal Revenue Code but do not qualify under the Puerto Rico Code.

As a result of IRS Revenue Ruling 2004-75, as amplified by Revenue Ruling 2004-97, we will treat Contract distributions and withdrawals occurring on or after January 1, 2005 as U.S.-source income that is subject to U.S. income tax withholding and reporting. Under "TAX PROVISIONS," see "*Pre-Distribution Taxation of Contracts*," "*Distributions and Withdrawals from Non-Qualified Contracts*," "*Withholding*" and "*Non-Qualified Contracts*." You should consult a qualified tax professional for advice regarding the effect of Revenue Ruling 2004-75 on your U.S. and Puerto Rico income tax situation.

For information regarding the income tax consequences of owning a Contract, you should consult a qualified tax professional.

**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 Participant or the separate 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 7.50% of Purchase Payments, and 1.25% annually of the

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Participant's Account 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 AccountValue 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 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 $2,227,832, and $2,218,378 and $2,026,934, 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.

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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 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.

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**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.

**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.

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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/866793342?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.

We identify below all financial intermediary variations in Fund availability that are known to us. 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**<sup>1</sup><br>| AllianceBernstein, L.P. | 0.98%<sup>2</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**<sup>1</sup><br>| AllianceBernstein, L.P. | 1.07% | &nbsp;&nbsp; 2.64% | &nbsp;&nbsp; 8.48% | &nbsp;&nbsp; 8.27% |
| Allocation - Moderate | AB Variable Products Series Fund, Inc.<br> **Dynamic Asset Allocation Portfolio**<br> **Class B**<sup>1</sup><br>| AllianceBernstein, L.P. | 1.10%<sup>2</sup> | 13.21% | &nbsp;&nbsp; 4.74% | &nbsp;&nbsp; 5.25% |
| Equity - Global Large <br> Cap<br>| AB Variable Products Series Fund, Inc.<br> **International Value Portfolio**<br> **Class B**<sup>1,3</sup><br>| AllianceBernstein, L.P. | 1.17% | 41.27% | 10.19% | &nbsp;&nbsp; 6.37% |
| Allocation - Moderate | BlackRock Variable Series Funds, Inc.<br> **BlackRock Global Allocation V.I. Fund**<br> **Class III**<sup>1</sup><br>| BlackRock Advisors, LLC /<br> BlackRock International <br> Limited, BlackRock <br> (Singapore) Limited<br>| 1.01%<sup>2</sup> | 19.42% | &nbsp;&nbsp; 5.51% | &nbsp;&nbsp; 7.33% |
| Equity - US Small Cap | Columbia Funds Variable Insurance Trust<br> **Acorn Fund**<sup>4</sup><br>| Columbia Management <br> Investment Advisers, LLC<br>| 0.91%<sup>2</sup> | &nbsp;&nbsp; 4.47% | &nbsp;&nbsp; 1.02% | &nbsp;&nbsp; 8.66% |
| Equity - US Large Cap <br> Growth<br>| Columbia Funds Variable Series Trust II<br> **Columbia Variable Portfolio –** <br> **Cornerstone Growth Fund**<sup>5</sup> <br> **Class 1**<sup>6,7</sup><br>| Columbia Management <br> Investment Advisers, LLC<br>| 0.72% | 16.14 | 14.04% | 15.97% |
| Equity - US Large Cap <br> Growth<br>| Columbia Funds Variable Series Trust II<br> **Columbia Variable Portfolio –** <br> **Cornerstone Growth Fund**<sup>5</sup> <br> **Class 2**<br>| Columbia Management <br> Investment Advisers, LLC<br>| 0.97% | 15.85% | 13.75% | 15.69% |
| Equity - Global Large <br> Cap<br>| Columbia Funds Variable Series Trust II<br> **Columbia Variable Portfolio – Overseas** <br> **Core Fund**<br> **Class 2**<br>| Columbia Management <br> Investment Advisers, LLC<br>| 1.04% | 37.96% | &nbsp;&nbsp; 8.92% | &nbsp;&nbsp; 7.55% |

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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 | Columbia Funds Variable Insurance Trust<br> **Columbia Variable Portfolio – Small Cap** <br> **Value Discovery Fund**<sup>8</sup> <br> **Class 2**<sup>4</sup><br>| Columbia Management <br> Investment Advisers, LLC<br>| 1.13%<sup>2</sup> | 14.66% | 12.19% | 11.20% |
| Equity - US Large Cap <br> Growth<br>| Columbia Funds Variable Series Trust II<br> **CTIVP**<sup>®</sup>**– Principal Large Cap Growth** <br> **Fund**<br> **Class 1**<sup>6,7</sup><br>| Columbia Management <br> Investment Advisers, LLC /<br> Principal Global Investors, <br> LLC<br>| 0.69% | 13.78% | 10.47% | 14.66% |
| Equity - US Large Cap <br> Growth<br>| Columbia Funds Variable Series Trust II<br> **CTIVP**<sup>®</sup>**– Principal Large Cap Growth** <br> **Fund**<br> **Class 2**<br>| Columbia Management <br> Investment Advisers, LLC /<br> Principal Global Investors, <br> LLC<br>| 0.94% | 13.49% | 10.20% | 14.38% |
| Allocation - Moderate | Variable Insurance Products Fund III<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Balanced Portfolio**<br> **Service Class 2**<br>| Fidelity Management & <br> Research Company, LLC /<br> FMR Investment <br> Management (UK) Limited, <br> Fidelity Management & <br> Research (Hong Kong) <br> Limited, Fidelity Management <br> & Research (Japan) Limited<br>| 0.66% | 14.96% | &nbsp;&nbsp; 9.24% | 10.84% |
| Equity - US Large Cap <br> Growth<br>| Variable Insurance Products Fund II<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Contrafund**<sup>®</sup> **Portfolio**<br> **Service Class 2**<sup>1</sup><br>| Fidelity Management & <br> Research Company, LLC /<br> FMR Investment <br> Management (UK) Limited, <br> Fidelity Management & <br> Research (Hong Kong) <br> Limited, Fidelity Management <br> & Research (Japan) Limited<br>| 0.79% | 21.24% | 15.08% | 15.49% |
| Allocation - Target <br> Date<br>| Variable Insurance Products Fund V<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Freedom 2010 Portfolio**<br> **Service Class 2**<sup>3</sup><br>| Fidelity Management & <br> Research Company, LLC<br>| 0.63% | 10.26% | &nbsp;&nbsp; 2.89% | &nbsp;&nbsp; 5.46% |
| Allocation - Target <br> Date<br>| Variable Insurance Products Fund V<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Freedom 2015 Portfolio**<br> **Service Class 2**<br>| Fidelity Management & <br> Research Company, LLC<br>| 0.66% | 11.66% | &nbsp;&nbsp; 3.73% | &nbsp;&nbsp; 6.33% |
| Allocation - Target <br> Date<br>| Variable Insurance Products Fund V<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Freedom 2020 Portfolio**<br> **Service Class 2**<br>| Fidelity Management & <br> Research Company, LLC<br>| 0.69% | 12.99% | &nbsp;&nbsp; 4.57% | &nbsp;&nbsp; 7.11% |
| Equity - US Mid Cap | Variable Insurance Products Fund III<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Mid Cap Portfolio**<br> **Service Class 2**<br>| Fidelity Management & <br> Research Company, LLC /<br> FMR Investment <br> Management (UK) Limited, <br> Fidelity Management & <br> Research (Hong Kong) <br> Limited, Fidelity Management <br> & Research (Japan) Limited<br>| 0.80% | 11.49% | &nbsp;&nbsp; 9.83% | 10.31% |
| Equity - International <br> All Cap<br>| First Eagle Variable Funds<br> **First Eagle Overseas Variable Fund**<br>| First Eagle Investment <br> Management, LLC<br>| 1.21%<sup>2</sup> | 37.47% | &nbsp;&nbsp; 9.02% | &nbsp;&nbsp; 7.61% |

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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 | Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin Allocation VIP Fund**<br> **Class 2**<sup>1,9</sup><br>| Franklin Advisers, Inc. /<br> Templeton Global Advisors <br> Limited, Franklin Templeton <br> Institutional, LLC, <br> Brandywine Global <br> Investment Management, <br> LLC, ClearBridge <br> Investments, LLC, Western <br> Asset Management Company, <br> LLC, Western Asset <br> Management Company <br> Limited<br>| 0.82%<sup>2</sup> | 12.60% | &nbsp;&nbsp; 5.73% | &nbsp;&nbsp; 7.32% |
| Allocation - Cautious | Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin Income VIP Fund**<br> **Class 2**<br>| Franklin Advisers, Inc. | 0.72% | 12.56% | &nbsp;&nbsp; 7.66% | &nbsp;&nbsp; 7.30% |
| Allocation - Large Cap <br> Equity<br>| Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin Mutual Shares VIP Fund**<br> **Class 2**<br>| Franklin Mutual Advisers, <br> LLC<br>| 0.94% | 11.52% | &nbsp;&nbsp; 9.20% | &nbsp;&nbsp; 7.53% |
| Equity - US Small Cap | Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin Small Cap Value VIP Fund**<br> **Class 2**<br>| Franklin Mutual Advisers, <br> LLC<br>| 0.91%<sup>2</sup> | &nbsp;&nbsp; 7.65% | &nbsp;&nbsp; 8.86% | &nbsp;&nbsp; 9.81% |
| Fixed Income - US | Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin Strategic Income VIP Fund**<br> **Class 2**<br>| Franklin Advisers, Inc. | 1.07%<sup>2</sup> | &nbsp;&nbsp; 7.24% | &nbsp;&nbsp; 1.92% | &nbsp;&nbsp; 3.10% |
| Equity - US Mid Cap | AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. American Value Fund**<br> **Series II**<sup>1</sup><br>| Invesco Advisers, Inc. | 1.14% | 20.76% | 17.56% | 12.01% |
| Equity - US Large Cap <br> Value<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Comstock Fund**<br> **Series II**<br>| Invesco Advisers, Inc. | 1.00% | 17.14% | 15.14% | 11.67% |
| Equity - US Large Cap <br> Growth<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Discovery Large Cap Fund**<br> **Series II**<br>| Invesco Advisers, Inc. | 1.05%<sup>2</sup> | 12.53% | 11.41% | 13.94% |
| 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% |
| Equity - Global Large <br> Cap<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. EQV International Equity** <br> **Fund**<br> **Series II**<sup>1</sup><br>| Invesco Advisers, Inc. | 1.15% | 16.23% | &nbsp;&nbsp; 3.42% | &nbsp;&nbsp; 5.95% |
| Equity - Global Large <br> Cap<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Global Fund**<br> **Series II**<br>| Invesco Advisers, Inc. | 1.06% | 15.02% | &nbsp;&nbsp; 7.01% | 10.72% |
| Equity - US Large Cap <br> Blend<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Main Street Fund**<sup>®</sup> <br> **Series II**<sup>3</sup><br>| Invesco Advisers, Inc. | 1.05%<sup>2</sup> | 15.64% | 12.19% | 12.25% |

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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 | AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Main Street Small Cap Fund**<sup>®</sup> <br> **Series II**<sup>6</sup><br>| Invesco Advisers, Inc. | 1.09% | &nbsp;&nbsp; 8.44% | &nbsp;&nbsp; 8.07% | 10.31% |
| Equity - Global <br> Emerging Markets<br>| Lazard Retirement Series, Inc.<br> **Lazard Retirement Emerging Markets** <br> **Equity Portfolio**<br> **Service Shares**<sup>1</sup><br>| Lazard Asset <br> Management LLC<br>| 1.38%<sup>2</sup> | 41.77% | 10.76% | &nbsp;&nbsp; 9.35% |
| Fixed Income - US | Lincoln Variable Insurance Products Trust<br> **LVIP JPMorgan Core Bond Fund**<br> **Service Class**<sup>1</sup><br>| Lincoln Financial Investments <br> Corporation / J.P. Morgan <br> Investment Management, Inc.<br>| 0.71% | &nbsp;&nbsp; 7.15% | -0.29% | &nbsp;&nbsp; 1.85% |
| Equity - US Large Cap <br> Blend<br>| Lincoln Variable Insurance Products Trust<br> **LVIP JPMorgan U.S. Equity Fund**<br> **Service Class**<sup>1</sup><br>| Lincoln Financial Investments <br> Corporation / J.P. Morgan <br> Investment Management, Inc.<br>| 0.88% | 14.26% | 13.40% | 14.56% |
| Equity - US Large Cap <br> Value<br>| Lord Abbett Series Fund, Inc.<br> **Fundamental Equity Portfolio**<br> **Class VC**<br>| Lord, Abbett & Co. LLC | 1.08%<sup>2</sup> | 14.29% | 11.36% | &nbsp;&nbsp; 9.75% |
| Equity - US Mid Cap | Lord Abbett Series Fund, Inc.<br> **Growth Opportunities Portfolio**<br> **Class VC**<br>| Lord, Abbett & Co. LLC | 1.15% | 12.94% | &nbsp;&nbsp; 3.23% | 10.41% |
| Equity - US Large Cap <br> Blend<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Blended Research**<sup>®</sup> **Core Equity** <br> **Portfolio**<br> **Service Class**<sup>6</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.55%<sup>2</sup> | 15.82% | 15.01% | 13.59% |
| 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>2</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**<sup>1</sup><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>2</sup> | 12.22% | 11.26% | 13.53% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Corporate Bond Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.88%<sup>2</sup> | &nbsp;&nbsp; 7.30% | -0.32% | &nbsp;&nbsp; 3.06% |
| Equity - Global <br> Emerging Markets<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Emerging Markets Equity** <br> **Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.48%<sup>2</sup> | 33.35% | &nbsp;&nbsp; 4.11% | &nbsp;&nbsp; 7.65% |
| Equity - Global Large <br> Cap<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Global Growth Portfolio**<br> **Service Class**<sup>10</sup><br>| Massachusetts Financial <br> Services Company<br>| 1.13%<sup>2</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> **Initial Class**<sup>10</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.90%<sup>2</sup> | &nbsp;&nbsp; 3.53% | &nbsp;&nbsp; 1.32% | &nbsp;&nbsp; 5.01% |
| 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>2</sup> | &nbsp;&nbsp; 3.30% | &nbsp;&nbsp; 1.08% | &nbsp;&nbsp; 4.76% |
| Equity - Global Large <br> Cap<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Global Research Portfolio**<br> **Service Class**<sup>6</sup><br>| Massachusetts Financial <br> Services Company<br>| 1.10%<sup>2</sup> | 16.07% | &nbsp;&nbsp; 9.03% | 10.93% |
| Allocation - Cautious | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Global Tactical Allocation Portfolio**<br> **Service Class**<sup>1</sup><br>| Massachusetts Financial <br> Services Company<br>| 1.03%<sup>2</sup> | 15.21% | &nbsp;&nbsp; 4.60% | &nbsp;&nbsp; 5.40% |

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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 | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Government Securities Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.81%<sup>2</sup> | &nbsp;&nbsp; 6.63% | -0.94% | &nbsp;&nbsp; 1.03% |
| Allocation - Aggressive | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Growth Allocation Portfolio**<br> **Service Class**<sup>1</sup><br>| Massachusetts Financial <br> Services Company<br>| 1.05% | 11.87% | &nbsp;&nbsp; 5.93% | &nbsp;&nbsp; 8.95% |
| Equity - US Large Cap <br> Growth<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Growth Series**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.98%<sup>2</sup> | 11.90% | 10.82% | 15.31% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **High Yield Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.97%<sup>2</sup> | &nbsp;&nbsp; 8.47% | &nbsp;&nbsp; 3.63% | &nbsp;&nbsp; 5.30% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Income Portfolio**<br> **Service Class**<sup>10</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.92%<sup>2</sup> | &nbsp;&nbsp; 7.09% | &nbsp;&nbsp; 0.41% | &nbsp;&nbsp; 3.33% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Inflation-Adjusted Bond Portfolio**<br> **Service Class**<sup>1</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.85%<sup>2</sup> | &nbsp;&nbsp; 8.17% | -3.35% | &nbsp;&nbsp; 0.84% |
| Equity - Global Large <br> Cap<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **International Growth Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.13%<sup>2</sup> | 20.81% | &nbsp;&nbsp; 6.80% | &nbsp;&nbsp; 9.60% |
| Equity - Global Large <br> Cap<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **International Intrinsic Equity** <br> **Portfolio**<sup>11</sup> <br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.14%<sup>2</sup> | 32.96% | &nbsp;&nbsp; 7.02% | &nbsp;&nbsp; 9.68% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Limited Maturity Portfolio**<br> **Initial Class**<sup>12</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.48%<sup>2</sup> | &nbsp;&nbsp; 5.83% | &nbsp;&nbsp; 2.56% | &nbsp;&nbsp; 2.70% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Limited Maturity Portfolio**<br> **Service Class**<sup>1</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.73%<sup>2</sup> | &nbsp;&nbsp; 5.49% | &nbsp;&nbsp; 2.29% | &nbsp;&nbsp; 2.44% |
| Equity - US Large Cap <br> Growth<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Massachusetts Investors Growth** <br> **Stock Portfolio**<br> **Service Class**<sup>6</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.97%<sup>2</sup> | &nbsp;&nbsp; 9.61% | &nbsp;&nbsp; 9.74% | 13.98% |
| Equity - US Mid Cap | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Mid Cap Growth Series**<br> **Service Class**<sup>1</sup><br>| Massachusetts Financial <br> Services Company<br>| 1.06%<sup>2</sup> | &nbsp;&nbsp; 3.40% | &nbsp;&nbsp; 3.03% | 11.32% |
| Equity - US Mid Cap | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Mid Cap Value Portfolio**<br> **Initial Class**<sup>12</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.79%<sup>2</sup> | &nbsp;&nbsp; 5.98% | 10.18% | &nbsp;&nbsp; 9.95% |
| Equity - US Mid Cap | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Mid Cap Value Portfolio**<br> **Service Class**<sup>1</sup><br>| Massachusetts Financial <br> Services Company<br>| 1.04%<sup>2</sup> | &nbsp;&nbsp; 5.75% | &nbsp;&nbsp; 9.90% | &nbsp;&nbsp; 9.69% |
| Allocation - Moderate | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Moderate Allocation Portfolio**<br> **Service Class**<sup>1</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.97% | 10.96% | &nbsp;&nbsp; 4.55% | &nbsp;&nbsp; 7.35% |
| Equity - US Small Cap | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **New Discovery Series**<br> **Service Class**<sup>1</sup><br>| Massachusetts Financial <br> Services Company<br>| 1.12%<sup>2</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**<sup>1</sup><br>| Massachusetts Financial <br> Services Company<br>| 1.13%<sup>2</sup> | &nbsp;&nbsp; 2.88% | &nbsp;&nbsp; 8.22% | 10.30% |
| Equity - Global Large <br> Cap<br>| MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Research International Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.15%<sup>2</sup> | 21.75% | &nbsp;&nbsp; 5.25% | &nbsp;&nbsp; 7.27% |

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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 Large Cap <br> Blend<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Research Series**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.99%<sup>2</sup> | 12.57% | 10.87% | 12.65% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Total Return Bond Series**<br> **Service Class**<sup>1</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.78%<sup>2</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>2</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**<br> **Service Class**<sup>13</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.45%<sup>2</sup> | &nbsp;&nbsp; 3.85% | &nbsp;&nbsp; 2.87% | &nbsp;&nbsp; 1.77% |
| Equity - Utilities <br> Sector<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Utilities Series**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.03%<sup>2</sup> | 14.76% | &nbsp;&nbsp; 7.38% | &nbsp;&nbsp; 9.22% |
| Equity - US Large Cap <br> Value<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Value Series**<br> **Initial Class**<sup>12</sup><br>| Massachusetts Financial <br> Services Company<br>| 0.69%<sup>2</sup> | 13.01% | &nbsp;&nbsp; 9.95% | 10.05% |
| 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>2</sup> | 12.77% | &nbsp;&nbsp; 9.69% | &nbsp;&nbsp; 9.77% |
| Equity - US Mid Cap | Morgan Stanley Variable Insurance Fund, <br> Inc.<br> **Discovery Portfolio**<br> **Class II**<sup>1</sup><br>| Morgan Stanley Investment <br> Management, Inc.<br>| 1.05%<sup>2</sup> | 12.44% | -5.46% | 14.04% |
| Equity - US Large Cap <br> Growth<br>| Morgan Stanley Variable Insurance Fund, <br> Inc.<br> **Growth Portfolio**<br> **Class II**<sup>1</sup><br>| Morgan Stanley Investment <br> Management, Inc.<br>| 0.82%<sup>2</sup> | 35.38% | &nbsp;&nbsp; 3.15% | 17.46% |
| Allocation - Moderate | PIMCO Variable Insurance Trust<br> **PIMCO All Asset Portfolio**<br> **Administrative Class**<br>| Pacific Investment <br> Management Company LLC /<br> Research Affiliates, LLC<br>| 2.13%<sup>2</sup> | 14.20% | &nbsp;&nbsp; 5.60% | &nbsp;&nbsp; 6.77% |
| Commodities Broad <br> Basket<br>| PIMCO Variable Insurance Trust<br> **PIMCO CommodityRealReturn**<sup>®</sup> <br> **Strategy Portfolio**<br> **Administrative Class**<br>| Pacific Investment <br> Management Company LLC<br>| 3.19%<sup>2</sup> | 18.79% | 10.55% | &nbsp;&nbsp; 6.54% |
| Fixed Income - <br> Emerging Markets<br>| PIMCO Variable Insurance Trust<br> **PIMCO Emerging Markets Bond** <br> **Portfolio**<br> **Administrative Class**<br>| Pacific Investment <br> Management Company LLC<br>| 1.17% | 14.98% | &nbsp;&nbsp; 2.44% | &nbsp;&nbsp; 5.06% |
| Allocation - Moderate | PIMCO Variable Insurance Trust<br> **PIMCO Global Managed Asset Allocation** <br> **Portfolio**<br> **Advisor Class**<sup>1</sup><br>| Pacific Investment <br> Management Company LLC<br>| 1.31%<sup>2</sup> | 21.77% | &nbsp;&nbsp; 6.94% | &nbsp;&nbsp; 7.88% |
| Fixed Income - US | PIMCO Variable Insurance Trust<br> **PIMCO Real Return Portfolio**<br> **Administrative Class**<sup>3</sup><br>| Pacific Investment <br> Management Company LLC<br>| 1.39% | &nbsp;&nbsp; 7.85% | &nbsp;&nbsp; 1.21% | &nbsp;&nbsp; 3.21% |
| Equity - Global Large <br> Cap<br>| PIMCO Equity Series VIT<br> **PIMCO StocksPLUS**<sup>®</sup> **Global Portfolio**<br> **Advisor Class**<sup>1</sup><br>| Pacific Investment <br> Management Company LLC<br>| 0.93%<sup>2</sup> | 24.25% | 10.89% | 11.07% |
| Fixed Income - US | PIMCO Variable Insurance Trust<br> **PIMCO Total Return Portfolio**<br> **Administrative Class**<sup>3</sup><br>| Pacific Investment <br> Management Company LLC<br>| 0.73% | &nbsp;&nbsp; 8.89% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; 2.36% |

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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** |
| Equity - US Large Cap <br> Value<br>| Putnam Variable Trust<br> **Putnam VT Large Cap Value Fund**<br> **Class IB**<sup>1</sup><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 - Global <br> Emerging Markets<br>| Franklin Templeton Variable Insurance <br> Products Trust<br> **Templeton Emerging Markets VIP Fund**<sup>14</sup> <br> **Class 2**<sup>12</sup><br>| Templeton Asset Management <br> Ltd. / Franklin Templeton <br> Investment Management <br> Limited<br>| 1.37% | 46.27% | &nbsp;&nbsp; 5.46% | 10.40% |
| Equity - Global Large <br> Cap<br>| Franklin Templeton Variable Insurance <br> Products Trust<br> **Templeton Foreign VIP Fund**<br> **Class 2**<sup>12</sup><br>| Templeton Investment <br> Counsel, LLC<br>| 1.08%<sup>2</sup> | 29.19% | &nbsp;&nbsp; 8.25% | &nbsp;&nbsp; 5.75% |
| Fixed Income - Global | Franklin Templeton Variable Insurance <br> Products Trust<br> **Templeton Global Bond VIP Fund**<br> **Class 4**<sup>1</sup><br>| Franklin Advisers, Inc. | 0.85%<sup>2</sup> | 15.56% | -1.05% | -0.25% |
| Equity - Global Large <br> Cap<br>| Franklin Templeton Variable Insurance <br> Products Trust<br> **Templeton Growth VIP Fund**<br> **Class 2**<br>| Templeton Global Advisors <br> Limited / Templeton Asset <br> Management Ltd.<br>| 1.12%<sup>2</sup> | 23.83% | &nbsp;&nbsp; 7.95% | &nbsp;&nbsp; 7.04% |

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Not available for investment if you purchased your Contract through a Bank of America representative between April 25, 2005 and April 30, 2007.

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.

Only available for investment if you purchased your Contract before October 20, 2008.

Only available for investment if you purchased your Contract through a Bank of America representative before April 22, 2007.

Prior to May 1, 2026, the name of this fund was Columbia Variable Portfolio - Large Cap Growth Fund.

Only available for investment if you purchased your Contract before March 5, 2007.

Only available for investment if you purchased your Contract through a Bank of America representative.

Prior to May 1, 2026, the name of this fund was Columbia Variable Portfolio - Small Cap Value Fund.

Only available for investment if you purchased your Contract before February 17, 2009.

Only available for investment if you purchased your Contract before February 2, 2004.

Prior to April 30, 2026, the name of this fund was MFS<sup>®</sup> International Intrinsic Value Portfolio.

Only available for investment if you purchased your Contract before March 10, 2008.

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 Templeton Developing Markets VIP 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 OPTIONS: THE GUARANTEE PERIODS", the sub-section captioned "*Dollar-Cost Averaging (or "DCA") Program*" 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 |
| Dollar-Cost Averaging (or "DCA") Program | 6 Months | 3% |
| Dollar-Cost Averaging (or "DCA") Program | 12 Months | 3% |

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You can find out about our current Guaranteed Interest Rates by calling us at (877) 253-2323.

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**APPENDIX B -LIST** <br> **OF DESIGNATED FUNDS AND OTHER INVESTMENT RESTRICTIONS** 

If you own any of the optional living benefit riders, your Contract is subject to investment restrictions that limit the investment options that are available to you. ***If you violate the investment restrictions applicable to your benefit, your living benefit will terminate automatically.*** 

***Investment Restrictions*** 

For Contracts participating in SIR with a 7% bonus, the only Funds, dollar-cost averaging program options, and asset allocation models that currently qualify as Designated Funds are as follows:

**<u>Asset Allocation Models</u>**

Build Your Own Portfolio

Blended Model

**<u>Dollar-Cost Averaging Program Options</u>**

6-Month DCA Guarantee Option12-Month DCA Guarantee Option

**Funds**

AB Dynamic Asset Allocation Portfolio, Class B

MFS<sup>®</sup> Conservative Allocation Portfolio, Service Class

MFS<sup>®</sup> Global Tactical Allocation Portfolio, Service Class

MFS<sup>®</sup> Moderate Allocation Portfolio, Service Class

PIMCO All Asset Portfolio, Administrative Class

PIMCO Global Managed Asset Allocation Portfolio, Advisor Class

For all other Contracts participating in a living benefit including SIR with a 6% bonus, the only Funds, dollar-cost averaging programs, and asset allocation models that are deemed to be Designated Funds are:

**<u>Asset Allocation Models</u>**

90/10 Masters Model<sup>1, 2</sup>

80/20 Masters Model<sup>2,3</sup>

Build Your Own Portfolio

Blended Model<sup>2</sup>

**<u>Dollar-Cost Averaging Program Options</u>**

6-Month DCA Guarantee Option

12-Month DCA Guarantee Option

**Funds**

AB Balanced Hedged Allocation Fund, Class B<sup>2</sup>

AB Dynamic Asset Allocation Portfolio, Class B<sup>2</sup>

BlackRock Global Allocation V.I. Fund, Class III<sup>2</sup>

Fidelity<sup>®</sup> Balanced Portfolio, Service Class 2

(of Variable Insurance Products Fund III)

**Funds (continued)**

Fidelity<sup>®</sup> Freedom 2015 Portfolio, Service Class 2 (of Variable Insurance Products Fund IV)

Fidelity<sup>®</sup> Freedom 2020 Portfolio, Service Class 2(of Variable Insurance Products Fund IV)

Invesco V.I. Equity and Income Fund, Series II<sup>2</sup>

MFS<sup>®</sup> Conservative Allocation Portfolio, Service Class<sup>2</sup>

MFS<sup>®</sup> Global Tactical Allocation Portfolio, Service Class

MFS<sup>®</sup> Growth Allocation Portfolio, Service Class<sup>2</sup>

MFS<sup>®</sup> Moderate Allocation Portfolio, Service Class<sup>2</sup>

MFS<sup>®</sup> Total Return Series, Service Class

PIMCO All Asset Portfolio, Administrative Class

PIMCO Global Managed Asset Allocation Portfolio, Advisor Class<sup>2</sup>

------

<sup>1</sup>

Not available to Contracts purchased on or after February 17, 2009.

<sup>2</sup>

Not available if you purchased your Contract through a Bank of America representative between April 25, 2005 and April 20, 2007.

<sup>3</sup>

Not available to Contracts purchased on or after August 17, 2009.

------

**Build Your Own Portfolio** - If you comply with this model, the portfolio you build will satisfy the Designated Funds requirement under certain optional living benefits. If you do not comply with the allocation percentage limits in effect under your Contract, your selection of the Build Your Own Portfolio model will not qualify as a Designated Fund and your participation in the living benefit will be cancelled. **For Contracts with the Income Riser with 7% bonus, the following is the Build Your Own Portfolio model that applies to your Contract.** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **30% to 50%** | **40% to 60%** | **10% to 30%** | **0% to 20%** | **0% to 20%** | **0% to 10%** |
| MFS<sup>®</sup> Total Return <br> Bond Series<br>| AB Dynamic Asset <br> Allocation Portfolio<br>| AB Balanced Hedged <br> Allocation Portfolio<br>| Lord Abbett Series <br> Fund, Inc. - <br> Fundamental Equity <br> Portfolio<br>| Franklin Small Cap <br> Value VIP Fund<br>| Franklin Strategic <br> Income VIP Fund<br>|
| MFS<sup>®</sup> Government <br> Securities Portfolio<br>| PIMCO Global <br> Managed Asset <br> Allocation Portfolio<br>| Fidelity<sup>®</sup> Balanced <br> Portfolio (of Variable <br> Insurance Products <br> Fund III)<br>| MFS<sup>®</sup> Value Series | MFS<sup>®</sup> Blended <br> Research Small Cap <br> Equity Portfolio<br>| PIMCO Emerging <br> Markets Bond Portfolio<br>|
| MFS<sup>®</sup> Corporate Bond <br> Portfolio<br>| MFS<sup>®</sup> Global Tactical <br> Allocation Portfolio<br>| Franklin Income VIP <br> Fund<br>| Invesco V.I. Comstock <br> Fund<br>| Invesco V.I. Discovery <br> Large Cap Fund Fund<br>| MFS<sup>®</sup> Global Real <br> Estate Portfolio<br>|
| MFS<sup>®</sup> U.S. Government <br> Money Market Portfolio<br>| MFS<sup>®</sup> Moderate <br> Allocation Portfolio<br>| MFS<sup>®</sup> Total Return <br> Series<br>| Franklin Mutual Shares <br> VIP Fund<br>| Lord Abbett Series <br> Fund, Inc. - Growth <br> Opportunities Portfolio<br>| PIMCO <br> CommodityRealReturn<sup>®</sup> <br> Strategy Portfolio<br>|
| MFS<sup>®</sup> Limited Maturity <br> Portfolio<br>| MFS<sup>®</sup> Conservative <br> Allocation Portfolio<br>| Invesco V.I. Equity and <br> Income Fund<br>| MFS<sup>®</sup> Utilities Series | MFS<sup>®</sup> International <br> Intrinsic Equity <br> Portfolio<br>| MFS<sup>®</sup> Emerging <br> Markets Equity <br> Portfolio<br>|
| MFS<sup>®</sup> Inflation- <br> Adjusted Bond <br> Portfolio<br>| PIMCO All Asset <br> Portfolio<br>| Fidelity<sup>®</sup> Freedom 2015 <br> Portfolio (of Variable <br> Insurance Products <br> Fund IV)<br>| MFS<sup>®</sup> Core Equity <br> Portfolio<br>| MFS<sup>®</sup> Research <br> International Portfolio<br>| MFS<sup>®</sup> High Yield <br> Portfolio<br>|
| LVIP JPMorgan Core <br> Bond Portfolio<br>|  | Fidelity<sup>®</sup> Freedom 2020 <br> Portfolio (of Variable <br> Insurance Products <br> Fund IV)<br>| MFS<sup>®</sup> Research Series | Templeton Growth VIP <br> Fund<br>| Lazard Retirement <br> Emerging Markets <br> Equity Portfolio<br>|
|  |  | MFS<sup>®</sup> Growth <br> Allocation Portfolio<br>| MFS<sup>®</sup> Mid Cap Value <br> Portfolio<br>| First Eagle Overseas <br> Variable Fund<br>| Templeton Global Bond <br> VIP Fund<br>|
|  |  | BlackRock Global <br> Allocation V.I. Fund<br>| LVIP JPMorgan <br> U.S. Equity Portfolio<br>| Invesco V.I. Global <br> Fund<br>|  |
|  |  |  | Putnam VT Large Cap <br> Value Fund<br>| Columbia Variable <br> Portfolio - Overseas <br> Core Fund<br>|  |
|  |  |  |  | Fidelity<sup>®</sup> Mid Cap <br> Portfolio (of Variable <br> Insurance Products <br> Fund III)<br>|  |
|  |  |  |  | MFS<sup>®</sup> International <br> Growth Portfolio<br>|  |
|  |  |  |  | MFS<sup>®</sup> Growth Series |  |
|  |  |  |  | CTIVP<sup>®</sup> - Principal <br> Blue Chip Growth Fund<br>|  |
|  |  |  |  | Columbia Variable <br> Portfolio - Cornerstone <br> Growth Fund<br>|  |
|  |  |  |  | MFS<sup>®</sup> Mid Cap Growth <br> Series<br>|  |
|  |  |  |  | Morgan Stanley <br> Variable Insurance <br> Fund, Inc. Discovery <br> Portfolio<br>|  |
|  |  |  |  | Invesco V.I. American <br> Value Fund<br>|  |
|  |  |  |  | Fidelity<sup>®</sup> Contrafund<sup>®</sup> <br> Portfolio (of Variable <br> Insurance Products <br> Fund II)<br>|  |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **30% to 50%** | **40% to 60%** | **10% to 30%** | **0% to 20%** | **0% to 10%** |
|  |  |  | MFS<sup>®</sup> New Discovery <br> Value Portfolio<br>|  |
|  |  |  | MFS<sup>®</sup> New Discovery <br> Series<br>|  |
|  |  |  | AB Discovery Value <br> Portfolio<br>|  |
|  |  |  | Invesco V.I. EQV <br> International Equity <br> Fund<br>|  |
|  |  |  | PIMCO StocksPLUS<sup>®</sup> <br> Global Portfolio<br>|  |
|  |  |  | Morgan Stanley <br> Variable Insurance <br> Fund, Inc. Growth <br> Portfolio<br>|  |

---

------

**For all Contracts purchased on or after August 17, 2009 and before February 8, 2010, including Contracts with SIR with a 6% bonus, the following is the Build Your Own Portfolio model that applies to your Contract.** If you do not comply with the allocation percentage limits in effect under your Contract, your selection of the Build Your Own Portfolio model will not qualify as a Designated Fund and your participation in the living benefit will be cancelled.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **30% to 80%** | **20% to 70%** | **0% to 50%** | **0% to 30%** | **0% to 10%** |
| MFS<sup>®</sup> Total Return Bond <br> Series<br>| AB Balanced Hedged <br> Allocation Portfolio<br>| Lord Abbett Series Fund, <br> Inc. - Fundamental Equity <br> Portfolio<br>| Franklin Small Cap Value <br> VIP Fund<br>| Franklin Strategic Income <br> VIP Fund<br>|
| MFS<sup>®</sup> Government <br> Securities Portfolio<br>| Fidelity<sup>®</sup> Balanced Portfolio <br> (of Variable Insurance <br> Products Fund III)<br>| MFS<sup>®</sup> Value Series | MFS<sup>®</sup> Blended Research <br> Small Cap Equity Portfolio<br>| PIMCO Emerging Markets <br> Bond Portfolio<br>|
| MFS<sup>®</sup> Corporate Bond <br> Portfolio<br>| Franklin Income VIP Fund | Invesco V.I. Comstock Fund | Invesco V.I. Discovery Large <br> Cap Fund Fund<br>| MFS<sup>®</sup> Global Real Estate <br> Portfolio<br>|
| MFS<sup>®</sup> U.S. Government <br> Money Market Portfolio<br>| MFS<sup>®</sup> Total Return Series | Franklin Mutual Shares VIP <br> Fund<br>| Lord Abbett Series Fund, <br> Inc. - Growth Opportunities <br> Portfolio<br>| PIMCO Commodity <br> RealReturn<sup>®</sup> Strategy <br> Portfolio<br>|
| MFS<sup>®</sup> Limited Maturity <br> Portfolio<br>| Invesco V.I. Equity and <br> Income Fund<br>| MFS<sup>®</sup> Utilities Series | MFS<sup>®</sup> International Intrinsic <br> Equity Portfolio<br>| MFS<sup>®</sup> Emerging Markets <br> Equity Portfolio<br>|
| MFS<sup>®</sup> Inflation-Adjusted <br> Bond Portfolio<br>| Fidelity<sup>®</sup> Freedom 2015 <br> Portfolio (of Variable <br> Insurance Products Fund IV)<br>| MFS<sup>®</sup> Core Equity Portfolio | MFS<sup>®</sup> Research <br> International Portfolio<br>| MFS<sup>®</sup> High Yield Portfolio |
| LVIP JPMorgan Core Bond <br> Portfolio<br>| Fidelity<sup>®</sup> Freedom 2020 <br> Portfolio (of Variable <br> Insurance Products Fund IV)<br>| MFS<sup>®</sup> Research Series | Templeton Growth VIP Fund | Lazard Retirement Emerging <br> Markets Equity Portfolio<br>|
|  | MFS<sup>®</sup> Moderate Allocation <br> Portfolio<br>| MFS<sup>®</sup> Mid Cap Value <br> Portfolio<br>| First Eagle Overseas Variable <br> Fund<br>| PIMCO All Asset Portfolio |
|  | MFS<sup>®</sup> Conservative <br> Allocation Portfolio<br>| LVIP JPMorgan U.S. Equity <br> Portfolio<br>| Invesco V.I. Global Fund | Templeton Global Bond VIP <br> Fund<br>|
|  | MFS<sup>®</sup> Growth Allocation <br> Portfolio<br>| Putnam VT Large Cap Value <br> Fund<br>| Columbia Variable Portfolio <br> - Overseas Core Fund<br>|  |
|  | BlackRock Global <br> Allocation V.I. Fund<br>|  | Fidelity<sup>®</sup> Mid Cap Portfolio <br> (of Variable Insurance <br> Products Fund III)<br>|  |
|  | PIMCO Global Managed <br> Asset Allocation Portfolio<br>|  | MFS<sup>®</sup> International Growth <br> Portfolio<br>|  |
|  | MFS<sup>®</sup> Global Tactical <br> Allocation Portfolio<br>|  | MFS<sup>®</sup> Growth Series |  |
|  | AB Dynamic Asset <br> Allocation Portfolio<br>|  | CTIVP<sup>®</sup> - Principal Blue <br> Chip Growth Fund<br>|  |
|  |  |  | Columbia Variable Portfolio <br> - Cornerstone Growth Fund<br>|  |
|  |  |  | MFS<sup>®</sup> Mid Cap Growth <br> Series<br>|  |
|  |  |  | Morgan Stanley Variable <br> Insurance Fund, Inc. <br> Discovery Portfolio<br>|  |
|  |  |  | Invesco V.I. American Value <br> Fund<br>|  |
|  |  |  | Fidelity<sup>®</sup> Contrafund<sup>®</sup> <br> Portfolio (of Variable <br> Insurance Products Fund II)<br>|  |
|  |  |  | MFS<sup>®</sup> New Discovery Value <br> Portfolio<br>|  |
|  |  |  | MFS<sup>®</sup> New Discovery Series |  |
|  |  |  | AB Discovery Value <br> Portfolio<br>|  |
|  |  |  | Invesco V.I. EQV <br> International Equity Fund<br>|  |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **30% to 80%** | **20% to 70%** | **0% to 50%** | **0% to 30%** | **0% to 10%** |
|  |  |  | PIMCO StocksPLUS<sup>®</sup> <br> Global Portfolio<br>|  |
|  |  |  | Morgan Stanley Variable <br> Insurance Fund, Inc. Growth <br> Portfolio<br>|  |

---

------

**For Contracts purchased after February 16, 2009, and prior to August 17, 2009, the following is the Build Your Own Portfolio model that applies to your Contract.** If you do not comply with the allocation percentage limits in effect under your Contract, your selection of the Build Your Own Portfolio model will not qualify as a Designated Fund and your participation in the living benefit will be cancelled.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **30% to 80%** | **0% to 70%** | **0% to 70%** | **0% to 30%** | **0% to 10%** |
| MFS<sup>®</sup> Total Return Bond <br> Series<br>| AB Balanced Hedged <br> Allocation Portfolio<br>| Lord Abbett Series Fund, <br> Inc. - Fundamental Equity <br> Portfolio<br>| Franklin Small Cap Value <br> VIP Fund<br>| Franklin Strategic Income <br> VIP Fund<br>|
| MFS<sup>®</sup> Government <br> Securities Portfolio<br>| Fidelity<sup>®</sup> Balanced Portfolio <br> (of Variable Insurance <br> Products Fund III)<br>| MFS<sup>®</sup> Value Series | MFS<sup>®</sup> Blended Research <br> Small Cap Equity Portfolio<br>| PIMCO Emerging Markets <br> Bond Portfolio<br>|
| MFS<sup>®</sup> Corporate Bond <br> Portfolio<br>| Franklin Income VIP Fund | Invesco V.I. Comstock Fund | Invesco V.I. Discovery Large <br> Cap Fund Fund<br>| MFS<sup>®</sup> Global Real Estate <br> Portfolio<br>|
| MFS<sup>®</sup> U.S. Government <br> Money Market Portfolio<br>| MFS<sup>®</sup> Total Return Series | Franklin Mutual Shares VIP <br> Fund<br>| Lord Abbett Series Fund, <br> Inc. - Growth Opportunities <br> Portfolio<br>| PIMCO Commodity <br> RealReturn<sup>®</sup> Strategy <br> Portfolio<br>|
| MFS<sup>®</sup> Limited Maturity <br> Portfolio<br>| Invesco V.I. Equity and <br> Income Fund<br>| MFS<sup>®</sup> Utilities Series | MFS<sup>®</sup> International Intrinsic <br> Equity Portfolio<br>| MFS<sup>®</sup> Emerging Markets <br> Equity Portfolio<br>|
| MFS<sup>®</sup> Inflation-Adjusted <br> Bond Portfolio<br>| Fidelity<sup>®</sup> Freedom 2015 <br> Portfolio (of Variable <br> Insurance Products Fund IV)<br>| MFS<sup>®</sup> Core Equity Portfolio | MFS<sup>®</sup> Research <br> International Portfolio<br>| MFS<sup>®</sup> High Yield Portfolio |
| LVIP JPMorgan Core Bond <br> Portfolio<br>| Fidelity<sup>®</sup> Freedom 2020 <br> Portfolio (of Variable <br> Insurance Products Fund IV)<br>| MFS<sup>®</sup> Research Series | Templeton Growth VIP Fund | Lazard Retirement Emerging <br> Markets Equity Portfolio<br>|
|  | MFS<sup>®</sup> Moderate Allocation <br> Portfolio<br>| MFS<sup>®</sup> Mid Cap Value <br> Portfolio<br>| First Eagle Overseas Variable <br> Fund<br>| PIMCO All Asset Portfolio |
|  | MFS<sup>®</sup> Conservative <br> Allocation Portfolio<br>| LVIP JPMorgan U.S. Equity <br> Portfolio<br>| Invesco V.I. Global Fund | Templeton Global Bond VIP <br> Fund<br>|
|  | MFS<sup>®</sup> Growth Allocation <br> Portfolio<br>| Putnam VT Large Cap Value <br> Fund<br>| Columbia Variable Portfolio <br> - Overseas Core Fund<br>|  |
|  | BlackRock Global <br> Allocation V.I. Fund<br>|  | Fidelity<sup>®</sup> Mid Cap Portfolio <br> (of Variable Insurance <br> Products Fund III)<br>|  |
|  | PIMCO Global Managed <br> Asset Allocation Portfolio<br>|  | MFS<sup>®</sup> International Growth <br> Portfolio<br>|  |
|  | MFS<sup>®</sup> Global Tactical <br> Allocation Portfolio<br>|  | MFS<sup>®</sup> Growth Series |  |
|  | AB Dynamic Asset <br> Allocation Portfolio<br>|  | CTIVP<sup>®</sup> - Principal Blue <br> Chip Growth Fund<br>|  |
|  |  |  | Columbia Variable Portfolio <br> - Cornerstone Growth Fund<br>|  |
|  |  |  | MFS<sup>®</sup> Mid Cap Growth <br> Series<br>|  |
|  |  |  | Morgan Stanley Variable <br> Insurance Fund, Inc. <br> Discovery Portfolio<br>|  |
|  |  |  | Invesco V.I. American Value <br> Fund<br>|  |
|  |  |  | Fidelity<sup>®</sup> Contrafund<sup>®</sup> <br> Portfolio (of Variable <br> Insurance Products Fund II)<br>|  |
|  |  |  | MFS<sup>®</sup> New Discovery Value <br> Portfolio<br>|  |
|  |  |  | MFS<sup>®</sup> New Discovery Series |  |
|  |  |  | AB Discovery Value <br> Portfolio<br>|  |
|  |  |  | Invesco V.I. EQV <br> International Equity Fund<br>|  |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **30% to 80%** | **0% to 70%** | **0% to 30%** | **0% to 10%** |
|  |  | PIMCO StocksPLUS<sup>®</sup> <br> Global Portfolio<br>|  |
|  |  | Morgan Stanley Variable <br> Insurance Fund, Inc. Growth <br> Portfolio<br>|  |

---

**For Contracts purchased prior to February 17, 2009, the following is the Build Your Own Portfolio model that applies to your Contract.** If you do not comply with the allocation percentage limits in effect under your Contract, your selection of the Build Your Own Portfolio model will not qualify as a Designated Fund and your participation in the living benefit will be cancelled.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **25% to 80%** | **0% to 75%** | **0% to 75%** | **0% to 30%** | **0% to 10%** |
| PIMCO Total Return <br> Portfolio<sup>6</sup> <br>| AB Balanced Hedged <br> Allocation Portfolio<sup>7</sup> <br>| Lord Abbett Series Fund, <br> Inc. - Fundamental Equity <br> Portfolio<br>| Franklin Small Cap Value <br> VIP Fund<br>| Franklin Strategic Income <br> VIP Fund<br>|
| MFS<sup>®</sup> Total Return Bond <br> Series<sup>7</sup> <br>| Fidelity<sup>®</sup> Balanced Portfolio <br> (of Variable Insurance <br> Products Fund III)<br>| MFS<sup>®</sup> Value Series | MFS<sup>®</sup> Blended Research <br> Small Cap Equity Portfolio<br>| MFS<sup>®</sup> High Yield Portfolio<sup>7</sup>  |
| MFS<sup>®</sup> Government <br> Securities Portfolio<br>| Franklin Income VIP Fund | Invesco V.I. Comstock Fund | Invesco V.I. Discovery Large <br> Cap Fund Fund<br>| PIMCO Emerging Markets <br> Bond Portfolio<br>|
| MFS<sup>®</sup> Corporate Bond <br> Portfolio<br>| Franklin Allocation VIP <br> Fund<sup>7</sup> <br>| Franklin Mutual Shares VIP <br> Fund<br>| Lord Abbett Series Fund, <br> Inc. - Growth Opportunities <br> Portfolio<br>| MFS<sup>®</sup> Global Real Estate <br> Portfolio<br>|
| PIMCO Real Return <br> Portfolio<sup>6</sup> <br>| MFS<sup>®</sup> Total Return Series | MFS<sup>®</sup> Utilities Series | Invesco V.I. Main Street <br> Small Cap Fund<sup>®2</sup> <br>| PIMCO Commodity <br> RealReturn<sup>®</sup> Strategy <br> Portfolio<br>|
| MFS<sup>®</sup> U.S. Government <br> Money Market Portfolio<br>| Invesco V.I. Equity and <br> Income Fund<br>| MFS<sup>®</sup> Blended Research<sup>®</sup> <br> Core Equity Portfolio<sup>2</sup> <br>| MFS<sup>®</sup> New Discovery Series | Templeton Developing <br> Markets VIP Fund<sup>5</sup> <br>|
| MFS<sup>®</sup> Limited Maturity <br> Portfolio<sup>7</sup> <br>| Fidelity<sup>®</sup> Freedom 2010 <br> Portfolio (of Variable <br> Insurance Products Fund <br> IV)<sup>6</sup> <br>| MFS<sup>®</sup> Global Research <br> Portfolio<sup>2</sup> <br>| MFS<sup>®</sup> Mass Investors <br> Growth Stock Portfolio<sup>2</sup> <br>| MFS<sup>®</sup> Emerging Markets <br> Equity Portfolio<br>|
| MFS<sup>®</sup> Inflation-Adjusted <br> Bond Portfolio<sup>7</sup><br>| Fidelity<sup>®</sup> Freedom 2015 <br> Portfolio (of Variable <br> Insurance Products Fund IV)<br>| MFS<sup>®</sup> Core Equity Portfolio | MFS<sup>®</sup> International Intrinsic <br> EquityPortfolio<br>| MFS<sup>®</sup> Income Portfolio<sup>1</sup> |
| LVIP JPMorgan Core Bond <br> Portfolio<sup>7</sup> <br>| Fidelity<sup>®</sup> Freedom 2020 <br> Portfolio (of Variable <br> Insurance Products Fund IV)<br>| MFS<sup>®</sup> Research Series | Templeton Foreign VIP <br> Fund<sup>5</sup> <br>| Lazard Retirement Emerging <br> Markets Equity Portfolio<sup>7</sup> <br>|
|  | MFS<sup>®</sup> Moderate Allocation <br> Portfolio<sup>7</sup> <br>| Invesco V.I. Main St.Fund<sup>®6</sup>  | MFS<sup>®</sup> Research <br> International Portfolio<br>| PIMCO All Asset Portfolio |
|  | MFS<sup>®</sup> Conservative <br> Allocation Portfolio<sup>7</sup> <br>| MFS<sup>®</sup> Mid Cap Value <br> Portfolio<sup>7</sup> <br>| Templeton Growth VIP Fund | Templeton Global Bond VIP <br> Fund<sup>7</sup> <br>|
|  | MFS<sup>®</sup> Growth Allocation <br> Portfolio<sup>7</sup> <br>| LVIP JPMorgan U.S. Equity <br> Portfolio<sup>7</sup> <br>| First Eagle Overseas Variable <br> Fund<br>|  |
|  | BlackRock Global <br> Allocation V.I. Fund<sup>7</sup> <br>| Putnam VT Large Cap Value <br> Fund<sup>7</sup> <br>| Invesco V.I. Global Fund |  |
|  | PIMCO Global Managed <br> Asset Allocation Portfolio<sup>7</sup> <br>|  | Columbia Variable Portfolio <br> - Overseas Core Fund<br>|  |
|  | MFS<sup>®</sup> Global Tactical <br> Allocation Portfolio<sup>7</sup> <br>|  | Fidelity<sup>®</sup> Mid Cap Portfolio <br> (of Variable Insurance <br> Products Fund III)<br>|  |
|  | AB Dynamic Asset <br> Allocation Portfolio<sup>7</sup> <br>|  | Wanger Acorn<sup>3</sup>  |  |
|  |  |  | Columbia Variable Portfolio <br> - Small Cap Value <br> DiscoveryFund <sup>3</sup><br>|  |
|  |  |  | MFS<sup>®</sup> International Growth <br> Portfolio<br>|  |
|  |  |  | MFS<sup>®</sup> Growth Series |  |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **25% to 80%** | **0% to 75%** | **0% to 30%** | **0% to 10%** |
|  |  | CTIVP<sup>®</sup> - Principal Blue <br> Chip Growth Fund<sup>4</sup> <br>|  |
|  |  | Columbia Variable Portfolio <br> - Cornerstone Growth Fund<sup>4</sup><br>|  |
|  |  | MFS<sup>®</sup> Global Growth <br> Portfolio<sup>1</sup> <br>|  |
|  |  | MFS<sup>®</sup> Mid Cap Growth <br> Series<sup>7</sup> <br>|  |
|  |  | Morgan Stanley Variable <br> Insurance Fund, Inc. <br> Discovery<br>|  |
|  |  | Invesco V.I. American Value <br> Fund<sup>7</sup> <br>|  |
|  |  | AB International Value <br> Portfolio<sup>6, 7</sup> <br>|  |
|  |  | Fidelity<sup>®</sup> Contrafund<sup>®</sup> <br> Portfolio (of Variable <br> Insurance Products Fund II)<sup>7</sup> <br>|  |
|  |  | MFS<sup>®</sup> New Discovery Value <br> Portfolio<sup>7</sup> <br>|  |
|  |  | AB Discovery Value <br> Portfolio<sup>7</sup> <br>|  |
|  |  | Invesco V.I. EQV <br> International Equity Fund<sup>7</sup> <br>|  |
|  |  | PIMCO StocksPLUS<sup>®</sup> <br> Global Portfolio<sup>7</sup> <br>|  |
|  |  | Morgan Stanley Variable <br> Insurance Fund, Inc. Growth <br> Portfolio<sup>7</sup> <br>|  |

---

------

<sup>1</sup>

Only available if you purchased your Contract before February 2, 2004.

<sup>2</sup>

Only available if you purchased your Contract before March 5, 2007.

<sup>3</sup>

Only available if you purchased your Contract through a Bank of America representative before April 22, 2007.

<sup>4</sup>

Only B Class shares available if you purchased your Contract on or after March 5, 2007. Only A Class shares available if you purchased your Contract through a Bank of America representative before March 5, 2007.

<sup>5</sup>

Only available if you purchased your Contract before March 10, 2008.

<sup>6</sup>

Only available if you purchased your Contract before October 20, 2008.

<sup>7</sup>

Not available for investment if you purchased your Contract through a Bank of America representative between April 25, 2005 and April 20, 2007.

------

**APPENDIX C -GLOSSARY** <br>

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

**ACCOUNT or PARTICIPANT ACCOUNT:** An account established for each Participant to which Net Purchase Payments are credited.

**ACCOUNT QUARTER:** A three-month period, with the first Account Quarter beginning on your Issue Date.

**ACCOUNT VALUE:** The Variable Account Value, if any, plus the Fixed Account Value, if any, of your Account for any Valuation Period.

**ACCOUNT YEAR and ACCOUNT ANNIVERSARY:** Your first Account Year is the period 365 days (366, if a leap year) from the date on which we issued your Contract. Your Account Anniversary is the last day of an Account Year. Each Account Year after the first is the 365-day period that begins on your Account Anniversary. For example, if the Issue Date is on March 12, the first Account Year is determined from the Issue Date and ends on March 12 of the following year. Your Account Anniversary is March 12 and all Account Years after the first are measured from March 12. (If the Anniversary Date falls on a non-Business Day, the previous Business Day will be used.)

**ACCUMULATION PHASE:** The period before the Annuity Commencement Date and during the lifetime of the Annuitant (and while the Covered Person and all Owners are still alive) during which you make Purchase Payments under the Contract. This is called the "Accumulation Period" in the Contract.

**ADJUSTED PURCHASE PAYMENTS:** Purchase Payments adjusted for partial withdrawals as described in "Calculating the Death Benefit."

**\*ANNUITANT:** The person or persons to whom the first annuity payment is made. If either Annuitant dies prior to the Annuity Commencement Date, the surviving Annuitant will become the sole Annuitant. The Annuitant becomes the Payee on the Annuity Commencement Date.

**ANNUITY COMMENCEMENT DATE:** The date on which the first annuity payment under each Contract is to be made.

**ANNUITY OPTION:** The method you choose for making annuity payments.

**ANNUITY UNIT:** A unit of measure used in the calculation of the amount of the second and each subsequent Variable Annuity payment from the Variable Account.

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

**\*BENEFICIARY:** The person or entity having the right to receive the death benefit and, for a Certificate issued under a Non-Qualified Contract, if a natural person, the "designated beneficiary" for purposes of Section 72(s) of the Code in the event of the Participant's death. Notwithstanding the foregoing, if there is more than one Participant of a Non-Qualified Contract, the surviving Participant will be deemed the Beneficiary under the preceding sentence and any other Beneficiary will be treated as a contingent beneficiary. The Beneficiary becomes the Payee on the death of the Covered Person prior to the Annuity Commencement Date, or on the death of the Annuitant on or after the Annuity Commencement Date.

**BUSINESS DAY:** Any day the New York Stock Exchange is open for trading. Also, any day on which we make a determination of the value of a Variable Accumulation Unit.

------

**CERTIFICATE:** The document for each Participant which evidences the coverage of the Participant under a Group Contract.

**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:** Any Individual Contract, Group Contract, or Certificate issued under a Group Contract.

**COVERED PERSON:** The person(s) identified as such in the Contract whose death will trigger the death benefit provisions of the Contract and whose medically necessary stay in a hospital or nursing facility may allow the Participant to be eligible for a waiver of the withdrawal charge. The Participant/Owner is the Covered Person unless there is a non-natural Owner, such as a trust, in which case the Annuitant is the Covered Person.

**DEATH BENEFIT DATE:** If you have elected a death benefit payment option before the Covered Person's death that remains in effect, the date on which we receive Due Proof of Death. If your Beneficiary elects the death benefit payment option, the later of (a) the date on which we receive the Beneficiary's election and (b) the date on which we receive Due Proof of Death. If we do not receive the Beneficiary's election within 60 days 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 such time as a written election is received by the Company or a distribution is required by law.

**DESIGNATED FUNDS:** The limited Investment Options you can choose if you are participating in a living benefit.

**DOLLAR-COST AVERAGING (or "DCA") PROGRAM:** A Fixed Option you may elect when you make a Purchase Payment during the Accumulation Phase of your Contract. When you elect the DCA Program, your Purchase Payment is allocated initially to the Fixed Account, then reallocated, at regular time intervals over a specified time period, to one or more of the Investment Options we make available in connection with the program. **If you have elected an optional living benefit, your ability to make Purchase Payments into the DCA Program may be limited.** 

**DUE PROOF OF DEATH:** Receipt by the Company of (1) an original 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 (2) any other information or documentation required by the Company that is necessary to make payment (e.g., taxpayer identification numbers, beneficiary names and addresses, state inheritance tax waivers, etc.).

**FIXED ACCOUNT:** The general account of the Company, consisting of all assets of the Company other than those allocated to a separate account of the Company.

**FIXED ACCOUNT VALUE:** The value of that portion of your Account allocated to the Fixed Account.

**FIXED ANNUITY:** An annuity with payments which do not vary as to dollar amount.

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

**FUND:** A registered management investment company, or series thereof, in which a Sub-Account invests.

**GOOD ORDER:** An instruction that is received by the Company, that is sufficiently complete and clear, along with all forms, information and supporting legal documentation (including any required spousal or joint owner's consents) so that the Company does not need to exercise any discretion to follow such instruction. All orders to process a withdrawal request, a request to surrender your Contract, a fund transfer request, or a death benefit claim must be in good order.

**GROUP CONTRACT:** A Contract issued by the Company on a group basis.

------

**GUARANTEE AMOUNT:** Each separate allocation of Account Value to a particular Guarantee Period (including interest earned thereon).

**GUARANTEE PERIOD:** The period for which a Guaranteed Interest Rate is credited.

**GUARANTEED INTEREST RATE:** The rate of interest we credit on a compound annual basis during any Guarantee Period.

**INCOME PHASE:** The period on and after the Annuity Commencement Date and during the lifetime of the Annuitant during which we make annuity payments under the Contract.

**INDIVIDUAL CONTRACT:** A Contract issued by the Company on an individual basis.

**INVESTMENT OPTION:** A Fixed Option and/or Variable Option, as applicable, under the Contract.

**ISSUE DATE:** The date the Contract becomes effective which is the date we apply your initial Net Purchase Payment to your Account and issue your Contract. This is called the "Date of Coverage" in the Contract.

**MAXIMUM ANNUITY COMMENCEMENT DATE:** The first day of the month following the youngest Annuitant's 95th birthday.

**NET INVESTMENT FACTOR:** An index applied to measure the investment performance of a Sub-Account from one Valuation Period to the next. The Net Investment Factor may be greater than, less than, or equal to one.

**NET PURCHASE PAYMENT:** The portion of a Purchase Payment which remains after the deduction of any applicable premium tax or similar tax.

**NON-QUALIFIED CONTRACT:** A Contract used in connection with a retirement plan that does not receive favorable federal income tax treatment under Sections 401, 403, 408, or 408A of the Internal Revenue Code. The Participant's interest in the Contract must be owned by a natural person or agent for a natural person for the Contract to receive income tax treatment as an annuity.

**OPEN DATE:** The Business Day your Application is received by the Company at its Service Address. The ages of all Owners and Annuitants on the Open Date determines your eligibility for purchasing a Contract and for electing the optional death benefit and the optional living benefit.

**\*OWNER:** The person, persons or entity entitled to the ownership rights stated in a Group Contract and in whose name or names the Group Contract is issued. The Owner may designate a trustee or custodian of a retirement plan which meets the requirements of Section 401, Section 408(c), Section 408(k), Section 408(p) or Section 408A of the Internal Revenue Code to serve as legal owner of assets of a retirement plan, but the term "Owner," as used herein, shall refer to the organization entering into the Group Contract.

**\*PARTICIPANT:** In the case of an Individual Contract, the owner of the Contract. In the case of a Group Contract, the person named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract, except as reserved by the Owner. If there are two Participants, the death benefit is paid upon the death of either Participant.

**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 Participant, or upon the death of the Annuitant on or after the Annuity Commencement Date.

**PURCHASE PAYMENT (PAYMENT):** An amount paid to the Company as consideration for the benefits provided by a 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 or 408A of the Internal Revenue Code of 1986, as amended.

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

**SERVICE ADDRESS:** P.O. Box 758581, Topeka, KS 66675-8581 or such other address as we may hereafter specify to you by written notice.

**SUB-ACCOUNT:** That portion of the Variable Account which invests in shares of a specific Fund. A Sub-Account is also known as a Variable Option in the prospectus.

**SURRENDER VALUE:** The amount payable on full withdrawal (or surrender) of your Contract.

**VALUATION PERIOD:** The period of time from one determination of Variable Accumulation Unit or Annuity Unit values to the next subsequent determination of these values. Value determinations are made as of the close of the New York Stock Exchange on each day that the Exchange is open for trading.

**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 ACCOUNT VALUE:** The value of that portion of your Account allocated to the Variable Account.

**VARIABLE ACCUMULATION UNIT:** A unit of measure used in the calculation of Variable Account Value.

**VARIABLE ANNUITY:** An annuity with payments which vary as to dollar amount in relation to the investment performance of the Variable Account.

**VARIABLE OPTION:** An Investment Option that is a Sub-Account of the Variable Account. A Sub-Account is that portion of the Variable Account that invests in shares of a specific Fund.

**YOU and YOUR:** The terms "you" and "your" refer to "Owner," "Participant," and/or "Covered Person" as those terms are identified in the Contract.

------

\*

You specify these items on the Application, and may change them, as we describe in this Prospectus.

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**APPENDIX D -WITHDRAWALS,** <br> **WITHDRAWAL CHARGES, & MARKET VALUE ADJUSTMENT** 

**Part 1: Variable Account (the Market Value Adjustment does not apply to the Variable Account)** 

**Withdrawal Charge Calculation:** 

**Full Withdrawal:** 

Assume a Purchase Payment of $40,000 is made on the Issue Date, no additional Purchase Payments are made and there are no partial withdrawals. The table below presents three examples of the withdrawal charge resulting from a full withdrawal of your Account, based on hypothetical Account Values.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Account**<br> **Year**<br>| **Hypothetical**<br> **Account**<br> **Value**<br>| **Annual**<br> **Earnings**<br>| **Cumulative**<br> **Annual**<br> **Earnings**<br>| **Free**<br> **Withdrawal**<br> **Amount**<br>| **Purchase Payment**<br> **Amount Subject**<br> **to Withdrawal**<br> **Charge**<br>| **Withdrawal**<br> **Charge**<br> **Percentage**<br>| **Withdrawal**<br> **Charge**<br> **Amount**<br>|
| (a) | 1 | &nbsp;&nbsp;&nbsp; $41000 | &nbsp;&nbsp;&nbsp; $1000 | &nbsp;&nbsp;&nbsp; $1000 | &nbsp;&nbsp;&nbsp; $6000 | &nbsp;&nbsp;&nbsp; $35000 | &nbsp;&nbsp;&nbsp; 8.00% | &nbsp;&nbsp;&nbsp; $2800 |
|  | 2 | &nbsp;&nbsp;&nbsp; $45100 | &nbsp;&nbsp;&nbsp; $4100 | &nbsp;&nbsp;&nbsp; $5100 | &nbsp;&nbsp;&nbsp; $6000 | &nbsp;&nbsp;&nbsp; $39100 | &nbsp;&nbsp;&nbsp; 8.00% | &nbsp;&nbsp;&nbsp; $3128 |
|  | 3 | &nbsp;&nbsp;&nbsp; $49600 | &nbsp;&nbsp;&nbsp; $4500 | &nbsp;&nbsp;&nbsp; $9600 | &nbsp;&nbsp;&nbsp; $9600 | &nbsp;&nbsp;&nbsp; $40000 | &nbsp;&nbsp;&nbsp; 7.00% | &nbsp;&nbsp;&nbsp; $2800 |
| (b) | 4 | &nbsp;&nbsp;&nbsp; $52100 | &nbsp;&nbsp;&nbsp; $2500 | &nbsp;&nbsp;&nbsp; $12100 | &nbsp;&nbsp;&nbsp; $12100 | &nbsp;&nbsp;&nbsp; $40000 | &nbsp;&nbsp;&nbsp; 6.00% | &nbsp;&nbsp;&nbsp; $2400 |
|  | 5 | &nbsp;&nbsp;&nbsp; $57300 | &nbsp;&nbsp;&nbsp; $5200 | &nbsp;&nbsp;&nbsp; $17300 | &nbsp;&nbsp;&nbsp; $17300 | &nbsp;&nbsp;&nbsp; $40000 | &nbsp;&nbsp;&nbsp; 5.00% | &nbsp;&nbsp;&nbsp; $2000 |
|  | 6 | &nbsp;&nbsp;&nbsp; $63000 | &nbsp;&nbsp;&nbsp; $5700 | &nbsp;&nbsp;&nbsp; $23000 | &nbsp;&nbsp;&nbsp; $23000 | &nbsp;&nbsp;&nbsp; $40000 | &nbsp;&nbsp;&nbsp; 4.00% | &nbsp;&nbsp;&nbsp; $1600 |
|  | 7 | &nbsp;&nbsp;&nbsp; $66200 | &nbsp;&nbsp;&nbsp; $3200 | &nbsp;&nbsp;&nbsp; $26200 | &nbsp;&nbsp;&nbsp; $26200 | &nbsp;&nbsp;&nbsp; $40000 | &nbsp;&nbsp;&nbsp; 3.00% | &nbsp;&nbsp;&nbsp; $1200 |
| (c) | 8 | &nbsp;&nbsp;&nbsp; $72800 | &nbsp;&nbsp;&nbsp; $6600 | &nbsp;&nbsp;&nbsp; $32800 | &nbsp;&nbsp;&nbsp; $32800 | &nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp; 0.00% | &nbsp;&nbsp;&nbsp; $0 |

---

(a) The free withdrawal amount in any year is equal to the greater of (1) the Contract's earnings, minus all withdrawals previously taken that were not subject to withdrawal charges, and (2) 15% of any Purchase Payments made in the last seven Account Years minus all withdrawals taken during the current Account Year that were not subject to withdrawal charges. In Account Year 1, the free withdrawal amount is $6,000, which equals 15% of the Purchase Payment of $40,000. On a full withdrawal of $41,000, the amount subject to a withdrawal charge is $35,000, which equals the Account Value of $41,000 minus the free withdrawal amount of $6,000.

(b) In Account Year 4, the free withdrawal amount is $12,100, which equals the Contract's cumulative earnings to date. On a full withdrawal of $52,100, the amount subject to a withdrawal charge is $40,000.

(c) In Account Year 8, the free withdrawal amount is $32,800, which equals the Contract's cumulative earnings to date. On a full withdrawal of $72,800, the amount subject to a withdrawal charge is $0, since the Purchase Payment amount subject to withdrawal charges equals $0.

**Partial Withdrawal** 

Assume a single Purchase Payment of $40,000 is made on the Issue Date, no additional Purchase Payments are made, no partial withdrawals have been taken prior to the fourth Account Year, and there are a series of four partial withdrawals made during the fourth Account Year of $4,000, $9,000, $12,000, and $20,000.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Account**<br> **Year**<br>| **Hypothetical**<br> **Account**<br> **Value**<br> **Before**<br> **Withdrawal**<br>| **Earnings** | **Cumulative**<br> **Earnings**<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>| **Hypo-**<br> **thetical**<br> **Account**<br> **Value**<br> **After**<br> **With-**<br> **drawal**<br>|
| 1 | &nbsp;&nbsp; $41000 | &nbsp;&nbsp; $1000 | &nbsp;&nbsp; $1000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $6000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; 8.00% | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $41000 |
| 2 | &nbsp;&nbsp; $45100 | &nbsp;&nbsp; $4100 | &nbsp;&nbsp; $5100 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $6000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; 8.00% | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $45100 |
| 3 | &nbsp;&nbsp; $49600 | &nbsp;&nbsp; $4500 | &nbsp;&nbsp; $9600 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $9600 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; 7.00% | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $49600 |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Account**<br> **Year**<br>| **Hypothetical**<br> **Account**<br> **Value**<br> **Before**<br> **Withdrawal**<br>| **Earnings** | **Cumulative**<br> **Earnings**<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>| **Hypo-**<br> **thetical**<br> **Account**<br> **Value**<br> **After**<br> **With-**<br> **drawal**<br>|
| (a) | 4 | &nbsp;&nbsp; $50100 | &nbsp;&nbsp; $500 | &nbsp;&nbsp; $10100 | &nbsp;&nbsp; $4000 | &nbsp;&nbsp; $6100 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; 6.00% | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $46100 |
| (b) | 4 | &nbsp;&nbsp; $46900 | &nbsp;&nbsp; $800 | &nbsp;&nbsp; $10900 | &nbsp;&nbsp; $9000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $2100 | &nbsp;&nbsp; 6.00% | &nbsp;&nbsp; $126 | &nbsp;&nbsp; $37900 |
| (c) | 4 | &nbsp;&nbsp; $38500 | &nbsp;&nbsp; $600 | &nbsp;&nbsp; $11500 | &nbsp;&nbsp; $12000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $11400 | &nbsp;&nbsp; 6.00% | &nbsp;&nbsp; $684 | &nbsp;&nbsp; $26500 |
| (d) | 4 | &nbsp;&nbsp; $26900 | &nbsp;&nbsp; $400 | &nbsp;&nbsp; $11900 | &nbsp;&nbsp; $20000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $19600 | &nbsp;&nbsp; 6.00% | &nbsp;&nbsp; $1176 | &nbsp;&nbsp; $6900 |

---

(a) In Account Year 4, the free withdrawal amount is $10,100, which equals the Contract's cumulative earnings to date. 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 Account Year 4 is $10,900 - $4,000 = $6,900. Therefore, $6,900 of the $9,000 withdrawal is not subject to a withdrawal charge, and $2,100 is subject to a withdrawal charge. Of the $13,000 withdrawn to date, $10,900 has been from the free withdrawal amount and $2,100 has been from Purchase Payments.

(c) Since $10,900 of the two prior Account Year 4 partial withdrawals was taken from the free withdrawal amount, the remaining free withdrawal amount in Account Year 4 is $11,500 - $10,900 = $600. Therefore, $600 of the $12,000 withdrawal is not subject to a withdrawal charge, and $11,400 is subject to a withdrawal charge. Of the $25,000 withdrawn to date, $11,500 has been from the free withdrawal amount and $13,500 has been from Purchase Payments.

(d) Since $11,500 of the 3 prior Account Year 4 partial withdrawals was taken from the free withdrawal amount, the remaining free withdrawal amount in Account Year 4 is $11,900 - $11,500 = $400. Therefore, $400 of the $20,000 withdrawal is not subject to a withdrawal charge, and $19,600 is subject to a withdrawal charge. Of the $45,000 withdrawn to date, $11,900 has been from the free withdrawal amount and $33,100 has been from Purchase Payments. Note that if the $6,900 hypothetical Account Value after withdrawal was withdrawn, it would all be from Purchase Payments and subject to a withdrawal charge. The withdrawal charge would be 6% of $6,900, which equals $414. The total Account Year 4 withdrawal charges would then be $2,400, which is the same amount that was assessed for a full withdrawal in Account Year 4 in the example above.

**Part 2 - Fixed Account - Examples of the Market Value Adjustment ("MVA")** 

The MVA Factor is:

---

| | | |
|:---|:---|:---|
| **(** | **1+I**<br><sup>N/12</sup> | **-1** |
| **(** | **1+J+b**<br><sup>N/12</sup> | **-1** |

---

These examples assume the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Guarantee Amount was allocated to a 5-year Guarantee Period with a Guaranteed Interest Rate of 6% or .06.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The date of surrender is 2 years from the Expiration Date (N = 24).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The value of the Guarantee Amount on the date of surrender is $11,910.16.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The interest earned in the current Account Year is $674.16.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) No transfers or partial withdrawals affecting this Guarantee Amount have been made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) Withdrawal charges, if any, are calculated in the same manner as shown in the examples in Part 1.

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**Example of a Positive MVA:** 

Assume that on the date of surrender, the current rate (J) is 5% or .05 and the b factor is zero.

---

| | | |
|:---|:---|:---|
| The MVA factor | **1+I)** | **-1** |
| The MVA factor | **1+J+b** | **-1** |
|  | **1+.06** | **-1** |
|  | **1+.05** | **-1** |
|  | **1.010)**<br><sup>2</sup> | **-1** |
|  | **1.019 - 1** |  |
|  | **.019** |  |

---

The value of the Guarantee Amount less interested credit to the Guarantee Amount in the current Account Year is multiplied by the MVA factor to determine the MVA:

($11,910.16 - $674.16) x .019 = $213.48

$213.48 represents the MVA that would be added to the value of the Guarantee Amount before the deduction of any withdrawal charge. For a partial withdrawal of $2,000 from this Guarantee Amount, the MVA would be ($2,000.00 - $674.16) x .019 = $25.19. $25.19 represents the MVA that would be added to the value of the partial withdrawal amount before the deduction of any withdrawal charge.

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**APPENDIX E -CALCULATION** <br> **OF FREE WITHDRAWAL AMOUNT** 

For the first Account Year, the free withdrawal amount is equal to 15% of the amount of all Purchase Payments made. For all other Account Years, the free withdrawal amount is equal to the greater of:

(1) - Contract earnings minus all withdrawals previously taken that were not subject to withdrawal charges, or

(2) - 15% of the amount of all Purchase Payments made in the last seven Account Years (including the current Account Year), minus all withdrawals taken during the current Account Year that were not subject to withdrawal charges.

For the below example, assume an initial Purchase Payment of $100,000 is made on the Issue Date.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Account**<br> **Year**<br>| **Purchase**<br> **Payments**<br>| **Hypothetical**<br> **Account**<br> **Value before**<br> **Withdrawal**<br>| **Contract**<br> **Earnings**<br> **(Above**<br> **#1)**<br>| **15% of**<br> **Purchase**<br> **Payments**<br> **(Above**<br> **#2)**<br>| **Free**<br> **Amount**<br> **before** <br> **Withdrawal**<br>| **Amount of** <br> **Withdrawals**<br>| **Remaining Free**<br> **Withdrawal** <br> **Amount After**<br> **Withdrawal**<br>| **Hypothetical**<br> **Account**<br> **Value after** <br> **Withdrawal**<br>|
|  | 1 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp; $101000 | &nbsp;&nbsp; $1000 | &nbsp;&nbsp; $15000 | &nbsp;&nbsp; $15000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $15000 | &nbsp;&nbsp; $101000 |
|  | 2 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $101000 | &nbsp;&nbsp; $1000 | &nbsp;&nbsp; $15000 | &nbsp;&nbsp; $15000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $15000 | &nbsp;&nbsp; $101000 |
|  | 3 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $109000 | &nbsp;&nbsp; $9000 | &nbsp;&nbsp; $15000 | &nbsp;&nbsp; $15000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $15000 | &nbsp;&nbsp; $109000 |
| (a) | 4 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $117000 | &nbsp;&nbsp; $17000 | &nbsp;&nbsp; $15000 | &nbsp;&nbsp; $17000 | &nbsp;&nbsp; $17000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $100000 |
| (b) | 4 | &nbsp;&nbsp; $40000 | &nbsp;&nbsp; $141000 | &nbsp;&nbsp; $1000 | &nbsp;&nbsp; $4000 | &nbsp;&nbsp; $4000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $4000 | &nbsp;&nbsp; $141000 |
|  | 5 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $142000 | &nbsp;&nbsp; $2000 | &nbsp;&nbsp; $21000 | &nbsp;&nbsp; $21000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $21000 | &nbsp;&nbsp; $142000 |
|  | 6 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $135000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $21000 | &nbsp;&nbsp; $21000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $21000 | &nbsp;&nbsp; $135000 |
|  | 7 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $140000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $21000 | &nbsp;&nbsp; $21000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $21000 | &nbsp;&nbsp; $140000 |
| (c) | 8 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $143000 | &nbsp;&nbsp; $3000 | &nbsp;&nbsp; $6000 | &nbsp;&nbsp; $6000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $6000 | &nbsp;&nbsp; $143000 |
| (d) | 8 | &nbsp;&nbsp; $20000 | &nbsp;&nbsp; $165000 | &nbsp;&nbsp; $5000 | &nbsp;&nbsp; $9000 | &nbsp;&nbsp; $9000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $9000 | &nbsp;&nbsp; $165000 |
| (e) | 8 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $159000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $9000 | &nbsp;&nbsp; $9000 | &nbsp;&nbsp; $9000 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $150000 |

---

(a) In Account Year 4, a request for the entire free withdrawal amount is made. The Contract earnings of $17,000 are greater than 15% of all Purchase Payments made in the last seven Account Years (15% x $100,000 = $15,000) and as such $17,000 is withdrawn from the Account.

(b) Later in Account Year 4, an additional Purchase Payment of $40,000 is made and the free withdrawal amount is immediately recalculated. Because 15% of all Purchase Payments made in the last seven Account Years (15% of $140,000) exceeds Contract earnings in Account Year 4 ($1,000), the new free withdrawal amount is $4,000 ([0.15% x $140,000] - $17,000).

(c) In Account Year 8, the free withdrawal amount is $6,000 which represents 15% of Purchase Payments made in the last seven Account Years. (Purchase Payments made in the last seven Account Years would include the $40,000 in Account Year 4, but would not include the $100,000 initial Purchase Payment because that Payment was made more than seven Account Years ago.) The $6,000 is greater than the Contract earnings of $3,000.

(d) Later in Account Year 8, an additional Purchase Payment of $20,000 is made and the free withdrawal amount is immediately recalculated. The new free withdrawal amount is $9,000 (0.15 x [$40,000 + $20,000]), which exceeds Contract earnings in Account Year 8 ($5,000).

(e) Subsequently, in Account Year 8, a withdrawal of $9,000 is taken which reduces the free withdrawal amount to $0.

------

**APPENDIX F -OPTIONAL** <br> **DEATH BENEFITS AND EXAMPLES** 

**5% PREMIUM ROLL-UP ("5% ROLL-UP") DEATH BENEFIT** 

Under the 5% Roll-Up, the death benefit will be the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the amount payable under the basic death benefit, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the sum of your total Purchase Payments plus interest accruals, adjusted for partial withdrawals.

Under this death benefit, interest accrues at a rate of 5% per year on Purchase Payments and transfers to the Variable Account while they remain in the Variable Account. The 5% interest accruals will continue until the earlier of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the first day of the month following your 80th birthday, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the day the death benefit amount under this death benefit equals twice the sum of your Adjusted Purchase Payments.

**Example 1:** 

Assume a Purchase Payment of $60,000 is made on the Issue Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested in the Sub-Accounts. No withdrawals are made. The Owner dies in the ninth Account Year. The Account Value on the Death Benefit Date is $135,000, and the value of the Purchase Payments accumulated at 5% until the Death Benefit Date is $145,000. The calculation of the death benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:

---

| | |
|:---|:---|
| Account Value | $135000 |
| Cash Surrender Value | $135000 |
| Total of Adjusted Purchase Payments | $100000 |
| 5% Premium Roll-Up Value\* | $145000 |
| The Death Benefit Amount would therefore | $145000 |

---

------

\*

The 5% Premium Roll-Up Value is capped at 2 times the Adjusted Purchase Payments. Therefore, the cap = 2 x $100,000 = $200,000.

**Example 2:** 

Assume a Purchase Payment of $60,000 is made on the Issue Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested in the Sub-Accounts and that the Account Value is $150,000 just prior to a $30,000 withdrawal. The Owner dies in the ninth Account Year. The Account Value on the Death Benefit Date is $90,000. The calculation of the death benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:

---

| | |
|:---|:---|
| Account Value | $90000 |
| Cash Surrender Value\* | $89950 |
| Total of Adjusted Purchase Payments\*\* | $80000 |
| 5% Premium Roll-Up Value\*\*\* | $116000 |
| The Death Benefit Amount would therefore | $116000 |

---

------

\*

Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "*Full Withdrawals*" under the subheading "Cash Withdrawals."

------

\*\*

Adjusted Purchase Payments can be calculated as follows: Purchase Payments x (Account Value after withdrawal ÷ Account Value before withdrawal) = $100,000 x ($120,000 ÷ $150,000) = $80,000.

\*\*\*

The 5% Premium Roll-Up Value is capped at 2 times the Adjusted Purchase Payments. Therefore, the cap = 2 x $80,000 = $160,000.

**EARNINGS ENHANCEMENT BENEFIT PREMIER ("EEB PREMIER") DEATH BENEFIT** 

If you elected EEB Premier, your death benefit will be the amount payable under the basic death benefit, PLUS the "EEB Premier amount." Calculated as of the Death Benefit Date, the "EEB Premier amount" is determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you are 69 or younger on your Open Date, the "EEB Premier amount" will be 45% of the difference between your Account Value and your Adjusted Purchase Payments, up to a cap. The cap is 100% of (a) the Adjusted Purchase Payments made prior to your death minus (b) any Purchase Payments made within the twelve months prior to your death but not within your first Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you are between the ages of 70 and 79 on your Open Date, the "EEB Premier amount" will be 25% of the difference between your Account Value and your Adjusted Purchase Payments, up to a cap. The cap is 40% of (a) the Adjusted Purchase Payments made prior to your death minus (b) any Purchase Payments made in the twelve months prior to your death but not within your first Account Year. In addition, on the Account Anniversary following your 85th birthday, the "EEB Premier amount" will be locked in. Partial withdrawals, whether before or after your 85th birthday, will proportionally reduce the "EEB Premier amount."

**Example 1:** 

Assume a Purchase Payment of $60,000 is made on the Issue Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $135,000. In addition, this Contract was issued prior to the owner's 70th birthday. Assume death occurs in Account Year 9. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:

---

| | |
|:---|:---|
| Account Value | $135000 |
| Cash Surrender Value\* | $135000 |
| Total of Adjusted Purchase Payments | $100000 |
| The Death Benefit Amount would therefore | $135000 |

---

**PLUS –** 

---

| | |
|:---|:---|
| The EEB amount, calculated as follows: |  |
| Account Value minus Adjusted Purchase Payments | $35000 |
| 45% of the above amount | $15750 |
| Cap of 100% of Adjusted Purchase Payments | $100000 |
| The lesser of the above two amounts = the EEB Premier amount | $15750 |

---

The total Death Benefit would be the amount paid on the basic death benefit plus the EEB Premier amount = $135,000 + $15,750 = $150,750.

**Example 2:** 

Assume a Purchase Payment of $60,000 is made on the Issue Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts and that the Account Value is $135,000 just prior to a $20,000 withdrawal. The Account Value on the Death Benefit Date is $115,000. In addition, this Contract was issued prior to the owner's 70th birthday and death occurs in year 9.

------

The Death Benefit Amount will be the greatest of:

---

| | |
|:---|:---|
| Account Value | $115000 |
| Cash Surrender Value\* | $115000 |
| Total of Adjusted Purchase Payments\*\* | $85185 |
| The Death Benefit Amount would therefore | $115000 |

---

**PLUS** 

---

| | |
|:---|:---|
| The EEB amount, calculated as follows: |  |
| Account Value minus Adjusted Purchase Payments | $29815 |
| 45% of the above amount | $13417 |
| Cap of 100% of Adjusted Purchase Payments | $85185 |
| The lesser of the above two amounts = the EEB Premier amount | $13417 |

---

The total Death Benefit would be the amount paid on the basic death benefit plus the EEB Premier amount = $115,000 + $13,417 = $128,417.

------

\*

Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "*Full Withdrawals*" under the subheading "Cash Withdrawals."

\*\*

Adjusted Purchase Payments can be calculated as follows: Payments x (Account Value after withdrawal ÷ Account Value before withdrawal) = $100,000 x ($115,000 ÷ $135,000) = $85,185.

**EARNINGS ENHANCEMENT BENEFIT PREMIER PLUS ("EEB PREMIER PLUS") DEATH BENEFIT** 

If you elected EEB Premier Plus, your death benefit will be the amount payable under the basic death benefit, PLUS the "EEB Premier Plus amount." Calculated as of the Death Benefit Date, the "EEB Premier Plus amount" is determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you are 69 or younger on your Open Date, the "EEB Premier Plus amount" will be 75% of the difference between your Account Value and your Adjusted Purchase Payments, up to a cap. The cap is 150% of (a) the Adjusted Purchase Payments made prior to your death minus (b) any Purchase Payments made within the 12 months prior to your death but not within your first Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you are between the ages of 70 and 79 on your Open Date, the "EEB Premier Plus amount" will be 35% of the difference between your Account Value and your Adjusted Purchase Payments, up to a cap. The cap is 60% of (a) the Adjusted Purchase Payments made prior to your death minus (b) any Purchase Payments made in the twelve months prior to your death but not within your first Account Year. In addition, on the Account Anniversary following your 85th birthday, the "EEB Premier Plus amount" will be locked in. Partial withdrawals, whether before or after your 85th birthday, will proportionally reduce the "EEB Premier Plus amount."

------

**Example:** 

Assume a Purchase Payment of $60,000 is made on the Issue Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $135,000. In addition, this Contract was issued prior to the owner's 70th birthday. Assume death occurs in Account Year 9. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:

---

| | |
|:---|:---|
| Account Value | $135000 |
| Cash Surrender Value\* | $135000 |
| Total of Adjusted Purchase Payments | $100000 |
| The Death Benefit Amount would therefore | $135000 |

---

**PLUS –** 

---

| | |
|:---|:---|
| The EEB Premier Plus amount, calculated as follows: |  |
| Account Value minus Adjusted Purchase Payments | $35000 |
| 75% of the above amount | $26250 |
| Cap of 150% of Adjusted Purchase Payments | $150000 |
| The lesser of the above two amounts = the EEB Premier Plus amount | $26250 |

---

The total Death Benefit would be the amount paid on the basic death benefit plus the EEB Premier Plus amount = $135,000 + $26,250 = $161,250.

------

\*

Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "*Full Withdrawals*" under the subheading "Cash Withdrawals."

**EARNINGS ENHANCEMENT BENEFIT PREMIER WITH MAV ("EEB PREMIER WITH MAV") DEATH BENEFIT** 

If you elected EEB Premier with MAV, your death benefit will be the amount payable under the MAV death benefit PLUS the "EEB Premier amount." Calculated as of your Death Benefit Date, the "EEB Premier amount" is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you are 69 or younger on your Open Date, the "EEB Premier amount" will be 45% of the difference between your Account Value and your Adjusted Purchase Payments, up to a cap. The cap is 100% of (a) the Adjusted Purchase Payments made prior to your death minus (b) any Purchase Payments made in the twelve months prior to your death but not within your first Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you are between the ages of 70 and 79 on your Open Date, the "EEB Premier amount" will be 25% of the difference between your Account Value and your Adjusted Purchase Payments, up to a cap. The cap is 40% of (a) the Adjusted Purchase Payments made prior to your death minus (b) any Purchase Payments made in the twelve months prior to your death but not within your first Account Year. In addition, on the Account Anniversary following your 85th birthday, the "EEB Premier amount" will be locked in. Partial withdrawals, whether before or after your 85th birthday, will proportionally reduce the "EEB Premier amount."

------

**Example:** 

Assume a Purchase Payment of $60,000 is made on the Issue Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $135,000. The Maximum Anniversary Value on the Death Benefit Date is $145,000. Assume death occurs in Account Year 9. In addition, this Contract was issued prior to the owner's 70th birthday. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:

---

| | |
|:---|:---|
| Account Value | $135000 |
| Cash Surrender Value\* | $135000 |
| Total of Adjusted Purchase Payments | $100000 |
| Maximum Anniversary Value | $145000 |
| The Death Benefit Amount would therefore | $145000 |

---

**PLUS –** 

---

| | |
|:---|:---|
| The EEB Premier amount, calculated as follows: |  |
| Account Value minus Adjusted Purchase Payments | $35000 |
| 45% of the above amount | $15750 |
| Cap of 100% of Adjusted Purchase Payments | $100000 |
| The lesser of the above two amounts = the EEB Premier amount | $15750 |

---

The total Death Benefit would be the amount paid on the MAV death benefit plus the EEB Premier amount = $145,000 + $15,750 = $160,750.

------

\*

Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "*Full Withdrawals*" under the subheading "Cash Withdrawals."

**EARNINGS ENHANCEMENT BENEFIT PREMIER WITH 5% ROLL-UP ("EEB PREMIER WITH 5% ROLL-UP") DEATH BENEFIT** 

If you elected EEB Premier with 5% Roll-Up, your death benefit will be the amount payable under the 5% Roll-Up death benefit PLUS the "EEB Premier amount." Calculated as of your Death Benefit Date, the "EEB Premier amount" is determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you are 69 or younger on your Open Date, the "EEB Premier amount" will be 45% of the difference between your Account Value and your Adjusted Purchase Payments, up to a cap. The cap is 100% of (a) the Adjusted Purchase Payments made prior to your death minus (b) any Purchase Payments made in the twelve months prior to your death but not within your first Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you are between the ages of 70 and 79 on your Open Date, the "EEB Premier amount" will be 25% of the difference between your Account Value and your Adjusted Purchase Payments, up to a cap. The cap is 40% of (a) the Adjusted Purchase Payments made prior to your death minus (b) any Purchase Payments made in the twelve months prior to your death but not within your first Account Year. In addition, on the Account Anniversary following your 85th birthday, the "EEB Premier amount" will be locked in. Partial withdrawals, whether before or after your 85th birthday, will proportionally reduce the "EEB Premier amount."

**Example:** 

Assume a Purchase Payment of $60,000 is made on the Issue Date, and an additional Purchase Payment of $40,000 is made one year later. Assume that all of the money is invested into the Sub-Accounts, no withdrawals are made and the Account Value on the Death Benefit Date is $135,000. The value of the Purchase Payments accumulated at 5% until the

------

Death Benefit Date is $145,000. In addition, this Contract was issued prior to the owner's 70th birthday. Assume death occurs in Account Year 9. The calculation of the Death Benefit to be paid is as follows:

The Death Benefit Amount will be the greatest of:

---

| | |
|:---|:---|
| Account Value | $135000 |
| Cash Surrender Value\* | $135000 |
| Total of Adjusted Purchase Payments | $100000 |
| 5% Premium Roll-up Value | $145000 |
| The Death Benefit Amount would therefore | $145000 |

---

**PLUS –** 

---

| | |
|:---|:---|
| The EEB Premier amount, calculated as follows: |  |
| Account Value minus Adjusted Purchase Payments | $35000 |
| 45% of the above amount | $15750 |
| Cap of 100% of Adjusted Purchase Payments | $100000 |
| The lesser of the above two amounts = the EEB Premier amount | $15750 |

---

The total Death Benefit would be the amount paid on the 5% Roll-Up death benefit plus the EEB Premier amount = $145,000 + $15,750 = $160,750.

------

\*

Cash Surrender Value is the amount we would pay you if you surrendered your entire Account Value. For a description of how Cash Surrender Value is calculated, see "*Full Withdrawals*" under the subheading "Cash Withdrawals."

------

**APPENDIX G -SECURED** <br> **RETURNS FOR LIFE** 

**The following information applies to your Contract if you elected to participate in Secured Returns for Life ("Secured Returns for Life," "Benefit," or "the rider") and did not replace it with Secured Returns for Life Plus, which was available for such replacements for a limited period of time beginning in April 2006. Secured Returns for Life is no longer available for sale on new Contracts. Since we are no longer offering Secured Returns for Life to new Owners, renewals are no longer available.** 

Secured Returns for Life guarantees a return of your initial Purchase Payment (adjusted for subsequent Purchase Payments and withdrawals) during the accumulation period, regardless of the investment performance of the Designated Funds, provided that you comply with certain requirements. The amount guaranteed can be greater than or less than your Account Value. The guaranteed amount can be paid out under a Guaranteed Minimum Accumulation Benefit ("AB") Plan, which provides for a return of your guaranteed amount on the AB Plan Maturity Date, or a Guaranteed Minimum Withdrawal Benefit ("WB") Plan, which provides for a return of your guaranteed amount through periodic withdrawals or, if you meet certain conditions, payments for life. **Upon annuitization, Secured Returns for Life and any elected optional death benefit automatically terminate. (You should note that the benefit does not, in all cases, guarantee payments "for Life." Certain actions you take may reduce, and even terminate, your benefit, including reducing your Account Value to zero and thereby terminating your Contract without value.)** 

We use the following definitions to describe how Secured Returns for Life works:

---

| | |
|:---|:---|
| **AB Plan Maturity Date:** | &nbsp;&nbsp;&nbsp;&nbsp; The date when the AB Plan matures which is on the 10th Account <br> Anniversary, or if you elect to "step-up" your guaranteed values under the <br> rider, 10 years from the date of the most recent step-up.<br>|
| &nbsp;&nbsp; **Guaranteed Living Benefit Amount**<br> **(the "GLB amount"):**<br>| &nbsp;&nbsp;&nbsp;&nbsp; The minimum amount guaranteed under the Contract while you are <br> participating in the AB Plan. The GLB amount is initially equal to your <br> initial Purchase Payment, which is adjusted for any subsequent Purchase <br> Payments, step-ups, and partial withdrawals. The GLB amount is also <br> used to set the GLB Base, Lifetime Income Base, and RGLB amount on <br> the date you elect the WB Plan.<br>|
| &nbsp;&nbsp; **Guaranteed Living Benefit Base**<br> **(the "GLB Base"):**<br>| &nbsp;&nbsp;&nbsp;&nbsp; A value equal to the RGLB amount on the date you elect to participate in <br> the WB Plan. The GLB Base is adjusted later for any subsequent Purchase <br> Payments, step-ups, and partial withdrawals. The GLB Base is used to <br> establish the Maximum WB Amount.<br>|
| **Lifetime Income Base:** | &nbsp;&nbsp;&nbsp;&nbsp; A value equal to the RGLB amount on the later of the date you elect to <br> participate in the WB Plan if you are age 60 or older and the first Account <br> Anniversary after your 59th birthday. The Lifetime Income Base is <br> adjusted later for any subsequent Purchase Payments, step-ups, and partial <br> withdrawals. The Lifetime Income Base is used to establish the Maximum <br> WB for Life Amount.<br>|
| **Maximum WB Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; The maximum guaranteed amount available for annual withdrawal until <br> your RGLB amount has been reduced to zero. The annual Maximum WB <br> Amount is equal to 5% of the GLB Base.<br>|

---

------

---

| | |
|:---|:---|
| **Maximum WB For Life Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; The maximum guaranteed amount available for annual withdrawal during <br> your lifetime. The Maximum WB for Life Amount is equal to 4% or 5% <br> of the current Lifetime Income Base depending upon the age of the <br> Participant on the date of the first withdrawal under the WB Plan or most <br> recent Step-Up Date. If your Contract is co-owned, the age of the oldest <br> co-owner will be used to determine the Maximum WB for Life Amount. <br> **(You should be aware that the Maximum WB for Life Amount is not a** <br> **guaranteed amount. Certain actions you take could reduce the value** <br> **of your Maximum WB for Life Amount to zero.)**<br>|
| &nbsp;&nbsp; **Remaining Guaranteed Living**<br> **Benefit (the "RGLB amount"):**<br>| &nbsp;&nbsp;&nbsp;&nbsp; If you elect the WB Plan, the minimum amount guaranteed under the <br> Plan. The RGLB amount equals the GLB amount on the date you choose <br> to participate in the WB Plan. This amount will be adjusted for subsequent <br> Purchase Payments, step-ups, and partial withdrawals.<br>|

---

To participate in Secured Returns for Life, all of your Account Value must be invested in a Designated Fund at all times during the term of the GMAB Maturity Date. See "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

When you elected to participate in Secured Returns for Life, you were automatically enrolled in the AB Plan. **At any time, you may elect instead, to receive your benefit under the WB Plan, provided that you make the election prior to the earliest of the Contract's Maximum Annuity Commencement Date, the date you annuitize, and the date your AB Plan matures.** Once you elect to participate in the WB Plan, you may not change your election to the AB Plan. **If you do not specifically elect the WB Plan, you will be deemed to have elected to remain in the AB Plan.** 

**Guaranteed Minimum Accumulation Benefit ("AB") Plan** 

Under its terms, the AB Plan matures on the AB Plan Maturity Date. On that date, we will credit your Account Value with any excess of your GLB amount over your Account Value after adjusting for any Contract charges or credits. Any such amount will be allocated to the Designated Fund in which you are invested at that time.

Your GLB amount is equal to the sum of 100% of your initial Purchase Payment plus a specified percentage of any subsequent Purchase Payments, adjusted in amount for step-ups (described in this Appendix under "Step-Up") and partial withdrawals. If you make one or more subsequent Purchase Payments during the 10-year period, the period will not restart. Rather, the percentage of guaranteed return for each subsequent Purchase Payment after the second Account Anniversary will be reduced depending upon the Account Year in which it was made, as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Account Year in which**<br> **Purchase Payment was made**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percentage added to the**<br> **GLB amount**<br>|
| 1 - 2 | 100% |
| 3 - 5 | 85% |
| 6 - 8 | 70% |
| 9 - 10 | 60% |

---

**Note that the timing and amount of subsequent Purchase Payments and withdrawals may significantly decrease, and even terminate, the total Secured Returns for Life Benefit, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

If your Account Value is greater than your GLB amount on the AB Plan Maturity Date, we will credit your Account Value with an amount equal to the charges you paid for Secured Returns for Life. For examples of how we calculate benefits under the AB Plan, see Examples 1 through 3 in this Appendix.

------

If you die while participating in the AB Plan, all benefits and charges under Secured Returns for Life will automatically terminate when we receive Due Proof of Death, unless your surviving spouse is the sole Beneficiary and elects to continue the Contract. In that case, your surviving spouse has two options under the Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your spouse can automatically continue in the AB Plan even though the Account Value may have been enhanced under the provisions of the death benefit. (See "Spousal Continuance" under "DEATH BENEFIT" in the Prospectus to which this Appendix is attached.) The charges under Secured Returns for Life will be assessed against the enhanced Account Value. The GLB amount, however, will not be reset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your surviving spouse can elect to switch to the WB Plan; however, such election must be made prior to the earliest of annuitization, the Maximum Annuity Commencement Date, and the scheduled AB Plan Maturity Date. The same WB Plan benefits will apply, except the surviving spouse will not be entitled to receive lifetime withdrawal benefits under the original optional living benefit rider.

If the Contract is not continued by your surviving spouse following your death while participating in the AB Plan, your Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

**Guaranteed Minimum Withdrawal Benefit ("WB") Plan** 

Under the terms of the WB Plan, you are guaranteed a return of your RGLB amount, even if your Account Value becomes zero. Each Account Year, during which the WB Plan is in effect, you can withdraw up to your Maximum WB Amount until your RGLB amount has been depleted. Once the RGLB amount is reduced to zero, your GLB Base is permanently set to zero as well. However, if you exceed your Maximum WB Amount in any one Account Year, your RGLB and future guaranteed withdrawals will be reduced in the manner described under "Withdrawals Under Secured Returns for Life."

The WB Plan also guarantees that, if you have chosen the WB Plan and if you are age 60 or older, you can withdraw up to your Maximum WB for Life Amount every Account Year that you are alive, even if your Account Value has been depleted. If you are younger than age 60, you may withdraw up to your Maximum WB for Life Amount every Account Year after your first Account Anniversary following your 59th birthday. If you exceed your Maximum WB for Life Amount in any one Account Year, the amount of your subsequent guaranteed lifetime withdrawals will be reduced in the manner discussed under "Withdrawals Under Secured Returns for Life."

Your **Maximum WB Amount** is a set dollar amount equal to 5% of your GLB Base. On the day you elect to participate in the WB Plan, we set your RGLB amount to equal your GLB amount as described under Guaranteed Minimum Accumulation Benefit ("AB") Plan. Your GLB Base also is set equal to the RGLB amount on the date you elect to participate in the WB Plan. This value is used to determine your Maximum WB Amount as discussed further below.

To calculate your **Maximum WB for Life Amount,** we must first determine your Lifetime Income Base. The **Lifetime Income Base** is an amount equal to the RGLB amount on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the date you elected to participate in the WB Plan if you are age 60 or older on that date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your first Account Anniversary after your 59th birthday, if you are 59 or younger on the date you elect to participate in the WB Plan.

The Maximum WB for Life Amount will then be calculated, based upon your age on the date of the first withdrawal under the WB Plan, as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Your Age on Date of First**<br> **Withdrawal under WB Plan**<br>| **Maximum WB for Life Amount** |
| 65 or older | 5% of the Lifetime Income Base |
| 64 or younger | 4% of the Lifetime Income Base |

---

------

You are not required to make any withdrawals after you have elected the WB Plan; however, each time you make a withdrawal, we determine whether the withdrawal has exceeded the Maximum WB Amount, the Maximum WB for Life Amount, or both. If you have exceeded the Maximum WB Amount or the Maximum WB for Life Amount, we determine the ***new*** maximum amount(s) for future withdrawals. **In any one Account Year, withdrawals in excess of your Maximum WB Amount or your Maximum WB for Life Amount may reduce or eliminate your future guaranteed withdrawals, possibly reducing the guaranteed minimum withdrawal benefit to an amount less than the sum of your Purchase Payments.** (See "Withdrawals Under Secured Returns for Life.")

Provided your RGLB amount and Account Value have not been reduced to zero, any Purchase Payment made after you have elected the WB Plan, and before your fourth Account Anniversary, will increase your RGLB amount, your GLB Base, and your Lifetime Income Base each by 100% of such Purchase Payment. Therefore, your Maximum WB Amount will equal 5% of your new GLB Base. Your Maximum WB for Life Amount will equal 4% or 5% of your new Lifetime Income Base, depending upon your age on the date of your first withdrawals under the WB Plan as shown in the above chart or your most recent "Step-Up Date," described in this Appendix under "Step-Up."

**Under the WB Plan, after your fourth Account Anniversary, you may not make any additional Purchase Payments unless your benefit under the rider has been cancelled, terminated, or revoked.** For examples of how we calculate benefits under the WB Plan, see Examples 4, 5, and 6 in this Appendix.

If you die while participating in the WB Plan, your Beneficiary may elect to exercise any of the available options under the Death Benefit provisions of the Contract or, alternatively, to receive the Maximum WB Amount on an annual basis until the RGLB amount has been reduced to zero (if the Contract is a Qualified Contract, and the Beneficiary is not your surviving spouse, or otherwise exempted under Federal Tax Laws, the RGLB amount must be fully distributed by December 31st of the tenth year after your death.) If your surviving spouse is the sole Beneficiary and elects to continue the Contract, your surviving spouse can automatically continue to participate in the WB Plan, but lifetime withdrawal benefits will not be available to your spouse. All other benefits under the WB Plan will continue, for your surviving spouse, even though the Account Value may have been enhanced under the provisions of the death benefit. (See "Spousal Continuance" under "DEATH BENEFIT" in the Prospectus to which this Appendix is attached.) The charges under Secured Returns for Life will be assessed against the enhanced Account Value. The RGLB amount, however, will not be reset.

**Cost of Secured Returns for Life** 

Unlike other Contract charges, the charge for Secured Returns for Life will not be calculated as a percentage of average daily net assets as described under "Variable Accumulation Unit Value." Instead, the charge for the Benefit will be made as a specific deduction from the Account Value, taken on the last valuation day of the Account Quarter. The charge per year for Secured Returns for Life is currently equal to 0.50% of your Account Value. The quarterly charge will be determined by multiplying the Account Value at the end of the Account Quarter by 0.00125. (See Example 7 in this Appendix.) The specific amount of the quarterly charge will be reflected on your quarterly account statement.

We will continue to deduct this charge until:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you annuitize; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● under the provisions of Secured Returns for Life;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your benefit matures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your benefit is revoked; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your RGLB amount and your Lifetime Income Base are both reduced to zero under the WB Plan.

**Cancellation of the Benefit (caused by a transfer out of the Designated Fund, a Purchase Payment allocation to a non-Designated Fund, or an assignment) *will not* terminate the charge until the 7th Account Anniversary.** 

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**Withdrawals Under Secured Returns for Life** 

All withdrawals under Secured Returns for Life are subject to withdrawal charges if they are in excess of the annual free withdrawal amount. (See "*Free Withdrawal Amount*" under "Withdrawal Charge" in the Prospectus to which this Appendix is attached.) In addition, any withdrawals you take under Secured Returns for Life will reduce the value of your benefit under the rider. Such withdrawals affect your benefit differently depending upon whether you are participating in the AB Plan or the WB Plan. **In either case, however, a withdrawal may reduce the value of the Benefit by an amount greater than the amount withdrawn.** 

***Assume you are participating in the AB Plan***. Any withdrawals you make will reduce the dollar value of your benefits under this rider proportionally to the amount withdrawn. For example, after a partial withdrawal, the new GLB amount will equal

---

| | | |
|:---|:---|:---|
| old GLB amount | x | Account Value immediately after partial withdrawal |
| old GLB amount | x | Account Value immediately before partial withdrawal |

---

Therefore, on your AB Maturity Date, instead of crediting your Account Value with the full amount of your benefit, we will reduce the amount we credit proportionally to the amount withdrawn.

***Assume you are participating in the WB Plan and you want to receive the full amount of your guaranteed benefit over a period of years.*** To maximize your guaranteed benefit, you may withdraw no more than a specified amount each year. In other words, each year, you may withdraw no more than your Maximum WB Amount. Your guaranteed benefit amount (the RGLB amount) will be reduced dollar for dollar, but your Maximum WB Amount will remain unchanged. In other words, you will be able to take the same maximum amount each year until your guaranteed benefit amount is completely withdrawn.

If, however, in any one Account Year, you withdraw more than the current Maximum WB Amount, the dollar value of your guaranteed benefits will be reduced and the amount of each future annual guaranteed withdrawal will be less. Here is how we calculate the benefit reduction. Your new RGLB amount will be the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your previous RGLB amount, reduced dollar for dollar by the amount of the withdrawal, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value after the withdrawal.

Your new GLB Base will be the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your previous GLB Base reduced dollar for dollar by the amount of the excess withdrawal, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value after the withdrawal.

Your new Maximum WB Amount will be 5% of your new reduced GLB Base. Going forward, this will be the maximum amount that you can withdraw annually without further reducing your benefit.

The Maximum WB Amount is not cumulative. If you withdraw less than the Maximum WB Amount in any one Account Year, you cannot add that unused portion to withdrawals made in future years to increase the Maximum WB Amount.

***Assume you are participating in the WB Plan and, instead, you want to receive a guaranteed annual amount for the rest of your life.*** To maximize your guaranteed benefit, you may withdraw no more than a specified amount each year. Under this scenario, you may withdraw no more than your Maximum WB for Life Amount. Your guaranteed benefit amount (the RGLB amount) will be reduced dollar for dollar, but your Maximum WB for Life Amount will remain unchanged. In other words, you will be able to take the same maximum amount each year as long as you are alive, subject to the other terms and conditions described herein.

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If, however, in any one Account Year, you withdraw more than the current Maximum WB for Life Amount, the dollar value of your guaranteed benefits will be reduced and the amount of each future annual guaranteed withdrawal will be less. Here is how we calculate the benefit reduction. Your new Lifetime Income Base will be the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your previous Lifetime Income Base reduced dollar for dollar by the amount of the excess withdrawal, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Account Value after the withdrawal.

A ***new*** Maximum WB for Life Amount will be determined based upon your age on the date of the first withdrawal under the WB Plan (or your age on the most recent "Step-Up Date," if later) as follows:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Your Age on the later of Date of First**<br> **Withdrawal under WB Plan**<br> **or Most Recent Step-Up Date**<br>| **New Maximum WB for Life Amount** |
| 65 or older | 5% of the ***new*** Lifetime Income Base |
| 64 or younger | 4% of the ***new*** Lifetime Income Base |

---

The Maximum WB for Life Amount is not cumulative. That is to say, the unused portion in any Account Year cannot be applied in future years to increase the Maximum WB for Life Amount.

In general when participating in the WB Plan, you should keep the following in mind:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **A withdrawal in excess of the Maximum WB Amount or the Maximum WB for Life Amount might reduce and even terminate your Secured Returns for Life Benefits, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If your Account Value drops to zero and, in the same year, you withdraw more than your Maximum WB Amount or your Maximum WB for Life Amount, your benefits under Secured Returns for Life will terminate and your Contract will terminate without value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If your Account Value drops to zero but you did not, in the same year, withdraw more than your Maximum WB Amount or your Maximum WB for Life Amount, your benefits under Secured Returns for Life will continue. However, no subsequent Purchase Payment will be accepted, no death benefit or annuity benefits will be payable, and all benefits under your Contract, except the right to continue annual withdrawals under this rider, will terminate. You will have two choices:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) You could choose to receive the Maximum WB for Life Amount, if any, until an Owner dies. In that case, after the death of an Owner, your Beneficiary receives the Maximum WB Amount until the RGLB amount, if any, is reduced to zero (if the Contract is a Qualified Contract, and the Beneficiary is not your surviving spouse, or otherwise exempted under Federal Tax Laws, the RGLB amount must be fully distributed by December 31st of the tenth year after your death.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) You (or your Beneficiary if an Owner has died) could choose to receive the Maximum WB Amount until the RGLB amount, if any, is reduced to zero (if the Contract is a Qualified Contract, and the Beneficiary is not your surviving spouse, or otherwise exempted under Federal Tax Laws, the RGLB amount must be fully distributed by December 31st of the tenth year after your death.)

If you do not make a choice, we will default you to option 1.

For examples showing how withdrawals affect your benefits under the WB Plan, see Examples 10, 11, and 12 in this Appendix.

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**Annuitization Under the WB Plan** 

Under the WB Plan, if your RGLB Amount and your Account Value are greater than zero on the Maximum Annuity Commencement Date, you may annuitize your Contract rather than receiving periodic payments under the WB plan. If no prior election to annuitize is on file with the Company, on the Maximum Annuity Commencement Date, you may elect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● annuitize your Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● surrender your Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● receive the Maximum WB Amount each year until the RGLB amount is reduced to zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● receive the Maximum WB for Life Amount each year until an Owner dies and, thereafter, allow the Beneficiary to receive the Maximum WB Amount until the RGLB amount, if any, is reduced to zero (if the Contract is a Qualified Contract, and the Beneficiary is not your surviving spouse, or otherwise exempted under Federal Tax Laws, the RGLB amount must be fully distributed by December 31st of the tenth year after your death.)

**Regardless of whether you elect to annuitize, surrender or receive payments under the WB plan, all other Contract benefits, including the Death Benefit, will terminate on the Annuity Commencement Date. If you fail to make an election, we will automatically annuitize your Contract and provide a life annuity with 120 monthly payments certain.** 

**Cancellation and Revocation of Secured Returns for Life** 

Transfers among the Designated Funds are permitted as described under "Transfer Privilege" in the prospectus to which this Appendix is attached. **If, however, you transfer some or all of your Account Value out of the Designated Fund, Secured Returns for Life will be automatically cancelled. Likewise, if you allocate one or more subsequent Purchase Payments to an investment option other than one of the Designated Funds, Secured Returns for Life will be cancelled. An assignment of ownership of the Contract will also cancel Secured Returns for Life**.

Once Secured Returns for Life has been cancelled, it cannot be reinstated. After cancellation, you ***will continue*** to pay the annual charge for Secured Returns for Life until your 7th Account Anniversary.

**Any time after your 7th Account Anniversary, you may revoke Secured Returns for Life.** Once revoked, Secured Returns for Life may not be reinstated. After Secured Returns for Life has been revoked, all benefits and charges will end.

**Step-Up** 

On or after your third Account Anniversary, you may **elect** to increase your guaranteed amount to your then current Account Value ("step-up"). Currently, this step-up election may be made on **any day** after your third Account Anniversary. (We reserve the right to require step-up elections to occur only within 30 days following the third or any subsequent Account Anniversary.)

If you are participating in the AB Plan, on the day we receive your step-up election notice in Good Order (the "Step-Up Date"), we will increase your GLB amount to an amount equal to your Account Value on the Step-Up Date. If you elect to step-up, at least 3 full years from the Step-Up Date must pass before you can elect another step-up. You can only elect to step-up if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your current Account Value is greater than the current GLB amount, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value is $5,000,000 or less on your Step-Up Date.

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If you are participating in the WB Plan on the Step-Up Date, we will step up your GLB Base, your RGLB amount, and your Lifetime Income Base to an amount equal to your Account Value on that date. If you elect to step-up, at least 3 full years from the Step-Up Date must pass before you can elect another step-up. You can only elect to step-up if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your current Account Value is greater than the current GLB Base and the current Lifetime Income Base, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value is $5,000,000 or less on your Step-Up Date.

For purposes of determining the above $5,000,000 limit, we reserve the right to aggregate your Account Value with the account values of all other Delaware Life variable annuity contracts you own.

If you are in the AB Plan, your Step-Up Date must be at least 10 years prior to your Maximum Annuity Commencement Date. If you have selected an Annuity Commencement Date that is prior to the Maximum Annuity Commencement Date ***but*** is less than 10 years after your Step-Up Date, we will automatically extend your Annuity Commencement Date to equal your AB Plan Maturity Date.

Without a step-up, your benefit under the AB Plan will "mature" on the 10th Account Anniversary (the date we credit your Account with any excess of your GLB amount over your Account Value or refund your Secured Returns for Life charge, i.e. the "AB Plan Maturity Date"). If you elect to step-up your GLB amount, the term of your benefit under the AB Plan will change. After you make a step-up election, your benefit under the AB Plan will mature 10 years from the Step-Up Date, unless you elect the WB Plan any time before the AB Plan matures. (See Examples 13, 14, and 15 in this Appendix.)

Following your step-up election, the rider fee will be changed to an amount that may be higher than your current fee as set forth above. The rider fee after the step-up will be set by us, based upon current market conditions, at the time of the step-up. Significant changes in stock market prices, interest rate fluctuations, and competitive industry trends are among the market conditions we consider in whether to change the fee.

If you have been receiving benefits under the WB Plan, a step-up will change your Maximum WB Amount and your Maximum WB for Life Amount. Your Step-Up Date must be a date prior to your Maximum Annuity Commencement Date. After the step-up, your Maximum WB Amount will be 5% of the new GLB Base, and your Maximum WB for Life Amount will be 4% or 5% of your new Lifetime Income Base depending upon your age. If you are 65 or older on the Step-Up Date and your Maximum WB for Life Amount has been equal to 4% of your GLB Base, your Maximum WB for Life Amount will be increased to 5% of your GLB Base. Note that, if you step-up in a particular Account Year, any withdrawals previously made in that Account Year are applied against your new Maximum WB Amount and your new Maximum WB for Life Amount. (See Example 14 in this Appendix.)

If your benefit is under the AB Plan, at the time of step-up, you can still change to the WB Plan at a later date, subject to the applicable age restrictions described under "Guaranteed Minimum Withdrawal Benefit ("WB") Plan." (See Examples 14 and 15 in this Appendix.)

**Subsequent Purchase Payments After a Step-Up** 

Under the WB Plan, subsequent Purchase Payments after a step-up will increase, on a dollar for dollar basis, the RGLB amount, the GLB Base, and the Lifetime Income Base. After your fourth Account Anniversary, if you are participating in the WB Plan, subsequent Purchase Payments are not allowed.

Under the AB Plan, after your step-up election, any subsequent Purchase Payment will increase the GLB amount under your AB Plan by a specified percentage of the subsequent Purchase Payment. The percentage guaranteed depends upon the "Step-Up Year" in which the Payment was made. (A "Step-Up Year" is the 365-day period (366, if a leap year)

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commencing on your Step-Up Date.) The example below illustrates how we determine the percentage guaranteed after a subsequent Purchase Payment:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; Assume you purchased a Contract on July 1, 2005, and elected to step-up your Contract on October 1, 2010. Under <br> the AB Plan that you have elected, your benefit matures on October 1, 2020. For any subsequent Purchase Payments <br> you make, your GLB amount would increase by the following percentages of such Purchase Payments: | &nbsp;&nbsp; Assume you purchased a Contract on July 1, 2005, and elected to step-up your Contract on October 1, 2010. Under <br> the AB Plan that you have elected, your benefit matures on October 1, 2020. For any subsequent Purchase Payments <br> you make, your GLB amount would increase by the following percentages of such Purchase Payments: | &nbsp;&nbsp; Assume you purchased a Contract on July 1, 2005, and elected to step-up your Contract on October 1, 2010. Under <br> the AB Plan that you have elected, your benefit matures on October 1, 2020. For any subsequent Purchase Payments <br> you make, your GLB amount would increase by the following percentages of such Purchase Payments: |
| **Step-Up Year** | **Payments Made Between** | **Percentage Added to the**<br> **GLB amount**<br>|
| 1 | 10/02/10 - 10/01/11 | 100% |
| 2 | 10/02/11 - 10/01/12 | 100% |
| 3 | 10/02/12 - 10/01/13 | 85% |
| 4 | 10/02/13 - 10/01/14 | 85% |
| 5 | 10/02/14 - 10/01/15 | 85% |
| 6 | 10/02/15 - 10/01/16 | 70% |
| 7 | 10/02/16 - 10/01/17 | 70% |
| 8 | 10/02/17 - 10/01/18 | 70% |
| 9 | 10/02/18 - 10/01/19 | 60% |
| 10 | 10/02/19 - 10/01/20 | 60% |

---

Thus, only 70% of a subsequent Purchase Payment made on October 2, 2015, would be guaranteed whereas 85% of a subsequent Purchase Payment made on October 1, 2015, would be guaranteed. **It may be disadvantageous for you to make any such Purchase Payments that increase the GLB amount by less than 100% of the payment.** 

**Refund of Secured Returns for Life Charges Under the AB Plan** 

If your Contract remains in the AB Plan until the AB Plan Maturity Date, and the Account Value is greater than or equal to the GLB amount, then we will refund the charges you have paid for Secured Returns for Life ("Refund Amount") by crediting the Refund Amount to your Account Value. The Refund Amount will be allocated to the Designated Fund in which you are invested on such AB Plan Maturity Date. **No refund of the Secured Returns for Life rider charges will be made if you change from the AB Plan to the WB Plan.** 

**Certain Tax Provisions** 

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as Secured Returns for Life. When you elect to participate in the WB Plan, we will inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit. To assist you in complying with the RMD requirements, each year, we will notify you in early January of your calculated Yearly RMD Amount and inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit.

In the event that your Yearly RMD Amount attributable to your Contract is greater than the maximum withdrawal amount permitted each year under the WB Plan, we are currently waiving withdrawal provisions under Secured Returns for Life as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in the WB Plan, we reduce your Account Value and your RGLB amount, dollar for dollar, by the amount of the withdrawal. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than either your Maximum WB Amount, or your Maximum WB for Life Amount. In other words, we will not reduce your GLB Base or Lifetime Income Base if a Yearly RMD Amount exceeds either your Maximum WB Amount or your Maximum WB for Life Amount, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that Amount until the first quarter of the next calendar year, and

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in you receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

**If there is any change to the current Code or IRS rules governing the timing or determination of RMD amounts (including, but not limited to, amendments to the current IRS regulations or the issuance of IRS guidance), then we reserve the right to reduce the GLB Base, Lifetime Income Base, or all of these amounts, per the terms of the rider regarding excess withdrawals, when a Yearly RMD Amount withdrawn from your Contract exceeds either your Maximum WB Amount or your Maximum WB for Life Amount. Notice will be given to Contract Owners before we exercise this right.** 

If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in the AB Plan, we reduce your Account Value by the amount of the withdrawal and your GLB amount proportionally (see "Withdrawals Under Secured Returns for Life").

For a further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

**ALL OF THE FOLLOWING EXAMPLES ARE BASED UPON THE ASSUMPTION THAT YOU PURCHASED A CONTRACT ON JANUARY 1, 2006 WITH AN INITIAL PURCHASE PAYMENT OF $100,000 AND YOU ELECTED SECURED RETURNS FOR LIFE. YOUR INITIAL GLB AMOUNT EQUALS YOUR PURCHASE PAYMENT AMOUNT OF $100,000.** 

**EXAMPLE 1: Calculation of Benefits under AB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB plan at any time and that your Designated Fund had low investment performance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2016, your Account Value is $85,000. Assume that your total rider charges to date are $4,625.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because your Account Value is less than your GLB amount by $15,000 [$100,000 - $85,000], an amount equal to $15,000 will be deposited into your Contract.

**EXAMPLE 2: Calculation of Benefits under AB Plan with Subsequent Purchase Payments.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB Plan at any time and that your Designated Fund had low investment performance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2010, you make an additional $80,000 Purchase Payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because the subsequent Purchase Payment was made in the fifth Account Year, we guarantee the return of 85% of that Purchase Payment, or $68,000. On June 1, 2010, your GLB amount is $168,000 [$100,000 + ($80,000 x 85%)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2016, your Account Value is $150,000. Assume that your total rider charges to date are $6,725.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because your Account Value is less than your GLB amount by $18,000 [$168,000 - $150,000], an amount equal to $18,000 will be deposited into your Contract.

**EXAMPLE 3: Calculation of Benefits under AB Plan with Subsequent Purchase Payment; Refund Applies.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB Plan at any time and that your Designated Fund had low investment performance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2010, you make an additional $80,000 Purchase Payment.

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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;● Because the subsequent Purchase Payment was made in the fifth Account Year, we guarantee the return of 85% of that Purchase Payment, or $68,000. On June 1, 2010, your GLB amount is $168,000 [$100,000 + ($80,000 x 85%)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2016, your Account Value is $200,000. Assume that your total rider charges to date are $7,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because your Account Value is greater than your GLB amount by $32,000 [$200,000 - $168,000], your Contract will be credited with an amount equal to the rider charges you have paid [$7,500], increasing your Account Value to $207,500.

**EXAMPLE 4: Calculation of Benefits under WB Plan; Lifetime Withdrawals.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you are age 60 at issue. Also assume that you elect the WB plan on January 1, 2006, and that you choose to systematically withdraw the Maximum WB for Life Amount annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 1, 2006:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $4,000 [4% of your Lifetime Income Base because you are age 60].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2006, after your first systematic withdrawal of $4,000:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is reduced by the amount of the withdrawal [$4,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount, reduced by the amount of the withdrawal, is $96,000 [$100,000-$4,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you did not withdraw more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 because you did not withdraw more than your Maximum WB for Life Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you take only annual systematic withdrawals of $4,000 for a total of 20 years. Assume you make no subsequent Purchase Payments. Assume that, because of poor investment performance of your Designated Fund, your Account Value equals zero. On December 31, 2025:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount, reduced by the amount of the total withdrawal, is $20,000 [$100,000 - ($4,000 x 20)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you did not withdraw more than your Maximum WB Amount in any Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is still $100,000 because you did not withdraw more than your Maximum WB for Life Amount in any Account Year.

Even though your rights under the annuity Contract terminated when the Account Value became zero, we will continue to make payments to you. At this point, however, you must ***choose between***:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) withdrawing the Maximum WB for Life Amount each year until an Owner dies ***or*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) withdrawing your Maximum WB Amount each year until your GLB amount is reduced to zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you elect to take annual payments of your Maximum WB for Life Amount. On December 31, 2030, when your GLB amount is reduced to zero:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value equals zero.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base equals zero because your GLB amount equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is still $100,000 because you did not withdraw more than your Maximum WB for Life Amount in any Account Year.

You will continue to receive $4,000 per year as long as you are alive.

**EXAMPLE 5: Calculation of Benefits under WB Plan; Early Withdrawals.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you are age 56 at issue. Also assume that you elect the WB plan on January 1, 2006, and that you choose to systematically withdraw the Maximum WB Amount annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 1, 2006:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is zero because you have not passed your first Account Anniversary after your 59th birthday.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is zero [4% of your Lifetime Income Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2006, after your first systematic withdrawal of $5,000, your Maximum WB Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is reduced by the amount of the withdrawal [$5,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount, reduced by the amount of the withdrawal, is $95,000 [$100,000 - $5,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you did not withdraw more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is zero because you have not passed your first Account Anniversary after your 59th birthday.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you take only systematic withdrawals of $5,000 for a total of 3 years. Assume you make no subsequent Purchase Payments. On December 1, 2008, you celebrate your 59th birthday. On January 1, 2009:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value has been reduced by the amount of the total withdrawals [$15,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount, reduced by the amount of the total withdrawal, is $85,000 [$100,000 - ($5,000 x 3)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you did not withdraw more than your Maximum WB Amount in any Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is set at $85,000 [an amount equal to the GLB amount on your first Account Anniversary after your 59th birthday].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $3,400 [4% of your Lifetime Income Base because you are less than 65 years old].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you elect to take only annual systematic withdraws of no more than your Maximum WB for Life Amount [$3,400] for an additional 20 years. Assume you make no subsequent Purchase Payments, and that your Account Value reduces to zero. On December 31, 2028:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount, reduced by the amount of the total withdrawals, is $17,000 [85,000 - ($3,400 x 20)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you did not withdraw more than the Maximum WB Amount in any Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is still $85,000 because you did not withdraw more than the Maximum WB for Life Amount in any Account Year.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you elect to take annual payments of your Maximum WB for Life Amount until your GLB amount is reduced to zero in 2033.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base equals zero because your GLB amount equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is still $85,000 because you did not withdraw more than your Maximum WB for Life Amount.

You will continue to receive $3,400 per year as long as you are alive.

**EXAMPLE 6: Calculation of Benefits under WB Plan with Subsequent Purchase Payments; Lifetime Withdrawals.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you are age 60 at issue. Also assume that you elect the WB plan on January 1, 2006, and that you choose to systematically withdraw the Maximum WB for Life Amount annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 1, 2006:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $4,000 [4% of your Lifetime Income Base because you are age 60].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2006, after your first systematic withdrawal of $4,000:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is reduced by the amount of the withdrawal [$4,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount, reduced by the amount of the withdrawal, is $96,000 [$100,000 - $4,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you did not withdraw more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 because you did not withdraw more than your Maximum WB for Life Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you take only annual systematic withdrawals of $4,000 for a total of 4 years. Assume you make a subsequent Purchase Payment of $50,000, in your 4th Account Year. Assume also that, immediately before the subsequent Purchase Payment, your Account Value was $80,000. On December 31, 2009:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value equals $130,000 [$80,000 + $50,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount, reduced by the amount of the total withdrawals and increased by the subsequent Purchase Payment, is $134,000 [$100,000 - ($4,000 x 4) + $50,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base, increased by the subsequent Purchase Payment, is $150,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $7,500 [5% of your ***new*** GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base, increased by the subsequent Purchase Payment, is $150,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $6,000 [4% of your ***new*** Lifetime Income Base].

You may increase your annual systematic withdrawals to $6,000 without any effect on your future lifetime benefits.

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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;● Assume you elect to take only annual systematic withdraws of no more than your Maximum WB for Life Amount [$6,000] for an additional 20 years. Assume you make no subsequent Purchase Payments, and that your Account Value reduces to zero. On December 31, 2029:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount, reduced by the amount of the total withdrawals is $14,000 [$134,000 - ($6,000 x 20)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $150,000 because you did not withdraw more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $150,000 because you did not withdraw more than your Maximum WB for Life Amount in any Account Year.

Even though your rights under the annuity Contract terminated when the Account Value became zero, we will continue to make payments to you. At this point, however, you must ***choose between***:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) withdrawing the Maximum WB for Life Amount each year until an Owner dies ***or*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) withdrawing your Maximum WB Amount each year until your GLB amount is reduced to zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you elect to take annual payments of your Maximum WB for Life Amount of $6,000 until your GLB amount is reduced to zero in 2032.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base equals zero because your GLB amount equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is still $150,000 because you did not withdraw more than your Maximum WB for Life Amount.

You will continue to receive $6,000 per year as long as you are alive.

**EXAMPLE 7: Calculation of Explicit Rider Charges.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB plan at any time. Assume that your Account Value increases at an annual rate of 5% per year throughout the next ten years. Also assume that you do not elect to step-up at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On March 31, 2006, your Account Value before the charge for Secured Returns for Life is taken is $101,196.79. The charge deducted on March 31, 2006 is $126.50 ($101,196.79 x .00125). Therefore, your ending Account Value on March 31, 2006 is $101,070.29 ($101,196.79 - $126.50).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 30, 2006, your Account Value before the charge for Secured Returns for Life is taken is $102,307.23. The fee deducted on June 30, 2006 is $127.88 ($102,307.23 x .00125). Therefore, your ending Account Value on June 30, 2006 is $102,179.35 ($102,307.23 - $127.88).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On September 30, 2006, your Account Value before the charge for Secured Returns for Life is taken is $103,443.69. The fee deducted on September 30, 2006 is $129.30 ($103,443.69 x .00125). Therefore, your ending Account Value on September 30, 2006 is $103,314.39 ($103,443.69 - $129.30).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● This pattern continues until the maturity date for your Benefit of January 1, 2016. On that date, your Account will be credited with a payment. If your current Account Value is less than your current GLB amount, then your Account will be credited with the difference between these two amounts. If your current Account Value is greater than your current GLB amount, then your Account will be credited with the sum of all of Secured Returns for Life charges that have been made. Note that if Secured Returns for Life was revoked or cancelled before the maturity date for your Benefit of January 1, 2016, then no Secured Returns for Life credit will be made to your Account.

**EXAMPLE 8: Withdrawals under the AB Plan; low investment performance.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB plan at any time.

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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;● Assume that on January 1, 2007, you withdraw 10% of your Account Value of $110,000 (or $11,000). Your Account Value is now $99,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 1, 2007, your GLB amount will be reset to $90,000. This equals the previous GLB amount reduced proportional to the amount of Account Value withdrawn, or $100,000 x [$99,000 ÷ $110,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you make no more withdrawals or Purchase Payments and that your Account Value on January 1, 2016 is $87,000. Assume that your total rider charges to date are $4,710.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Since your Account Value is less than your GLB amount by $3,000, an amount equal to $3,000 will be deposited into your Contract ($90,000 - $87,000).

**EXAMPLE 9: Withdrawals with Subsequent Purchase Payments under the AB Plan; low investment performance.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB Plan at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2010, you make an additional $80,000 Purchase Payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2010, your GLB amount is $168,000 [$100,000 + ($80,000 x 85%)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on June 1, 2012, you withdraw $40,000 and that your Account Value is $240,000 at this time. After the withdrawal, your Account Value is $200,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2012, your GLB amount is reset to $140,000. This equals the previous GLB amount reduced proportional to the amount of Account Value withdrawn, or $168,000 x [$200,000 ÷ $240,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you make no more withdrawals or Purchase Payments and that your Account Value on January 1, 2016, is $125,000. Assume that your total rider charges to date are $7,200.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Since your Account Value is less than your GLB amount by $15,000, an amount equal to $15,000 will be deposited into your Contract ($140,000 - $125,000).

**EXAMPLE 10: Withdrawals under WB Plan Exceeding Maximum WB for Life Amount; Poor Investment Performance.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you are age 63 at issue. Also assume that you elect the WB plan on January 1, 2006, and that you choose to systematically withdraw the Maximum WB Amount annually. Assume that your Designated Fund had poor investment performance, losing 2% a year over the course of the Contract. On January 1, 2006:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $4,000 [4% of your Lifetime Income Base because you are age 63].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2006, after you take your first systematic withdrawal of $5,000, your Account Value is $93,000:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount, reduced by the amount of the withdrawal, is $95,000 [$100,000-$5,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you withdrew no more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is reduced to $93,000 [the lesser of (1) your current Lifetime Income Base minus the excess withdrawal [$100,000 - ($5,000 - $4,000)] and (2) your new Account Value [$93,000]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $3,720 [4% of your new Lifetime Income Base].

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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;● Assume you make no subsequent Purchase Payments, but you take annual systematic withdrawals of $5,000 for a total of 16 years. Because of poor investment performance of your Designated Fund, your Account Value decreases to $3,330. In addition, because you have taken withdrawals in excess of the Maximum WB for Life Amount, your Lifetime Income Base is now $3,330. Your Maximum WB for Life Amount is now 4% of $3,330 or $133.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume your Designated Fund earns -2% in Account Year 17, and that you take another $5,000 withdrawal. On December 31, 2022:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount is $15,000 [$100,000 - ($5,000 x 17)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you withdrew no more than the Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is zero [the lesser of (1) your current Lifetime Income Base minus the excess withdrawal [$3,330 - ($5,000 - $133)] and (2) your new Account Value [$0]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is still $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount equals zero [4% of your new Lifetime Income Base].

Even though your Contract has terminated because your Account Value has reduced to zero, we will pay you the Maximum WB Amount of $5,000 per year for three more years, until your GLB amount is reduced to zero.

**EXAMPLE 11: Withdrawals under WB Plan Exceeding Maximum WB for Life Amount; Positive Investment Performance.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you are age 63 at issue. Also assume that you elect the WB plan on January 1, 2006, and that you choose to systematically withdraw the Maximum WB Amount annually. Assume that your Designated Fund had positive investment performance, gaining 2% a year over the course of the Contract. On January 1, 2006:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $4,000 [4% of your Lifetime Income Base because you are age 63].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2006, after you take your first systematic withdrawal of $5,000, your Account Value is $97,000:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount, reduced by the amount of the withdrawal, is $95,000 [$100,000-$5,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you withdrew no more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is reduced to $97,000 [the lesser of (1) your current Lifetime Income Base minus the excess withdrawal [$100,000 - ($5,000 - $4,000)] and (2) your new Account Value [$97,000]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $3,880 [4% of your new Lifetime Income Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you make no subsequent Purchase Payments, but you take annual systematic withdrawals of $5,000 for a total of 19 years. Your GLB amount has been reduced to $5,000 [$100,000 - ($5,000 x 19)]. Because of good investment performance of your Designated Fund, your Account Value is now $31,478. In addition, because you have taken withdrawals in excess of the Maximum WB for Life Amount, your Lifetime Income Base is also now $31,478. Your Maximum WB for Life Amount is now 4% of $31,478, or $1,259.

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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;● Assume your Designated Fund earns 2% in Account Year 20, and that you take another $5,000 withdrawal. On December 31, 2025:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is $27,108.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount is zero [$5,000 remaining - $5,000 withdrawal].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is zero because your GLB amount is equal to zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $27,108 [the lesser of (1) your current Lifetime Income Base minus the excess withdrawal [$31,478 - ($5,000 - $1,259)] and (2) your new Account Value [$27,108]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount equals $1,084 [4% of your new Lifetime Income Base of $27,108].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because your Lifetime Income Base is greater than zero, you may take annual withdrawals up to the Maximum WB for Life Amount until you die or annuitize. If your Account Value is reduced to zero by a withdrawal that does not exceed you Maximum WB for Life Amount, we will continue to pay your then current Maximum WB for Life Amount each year as long as you are alive. If your Account Value is reduced to zero by a withdrawal that exceeds your Maximum WB for Life Amount, your Lifetime Income Base will be reduced to zero, your Maximum WB for Life Amount will become zero, and no more benefits will be paid.

**EXAMPLE 12: Withdrawals under WB Plan Exceeding Maximum WB Amount.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you are age 63 at issue. Also assume that you elect the WB plan on January 1, 2006. Assume that your Designated Fund had poor investment performance, losing 2% a year over the course of the Contract. On January 1, 2006:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $4,000 [4% of your Lifetime Income Base because you are age 63].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2006, after you take a withdrawal of $6,000, your Account Value is $92,000:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount is reduced to $92,000 [the lesser of (1) your current GLB amount minus the withdrawal [$100,000-$6,000] and (2) your new Account Value [$92,000]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is reduced to $92,000 [the lesser of (1) your current GLB Base minus the excess withdrawal [$100,000 - ($6,000 - $5,000)] and (2) your new Account Value [$92,000]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is now $4,600 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is reduced to $92,000 [the lesser of (1) your current Lifetime Income Base minus the excess withdrawal [$100,000 - ($6,000 - $4,000)] and (2) your new Account Value [$92,000]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $3,680 [4% of your new Lifetime Income Base of $92,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you make no subsequent Purchase Payments, but you take annual systematic withdrawals of $6,000 for a total of 13 years. Due to the of poor investment performance of your Designated Fund, your Account Value is now $7,609. Because you have taken withdrawals in excess of your Maximum WB Amount, your GLB amount is also now $7,609. Because you have taken withdrawals in excess of your Maximum WB Amount, your GLB Base is also now $7,609. Your Maximum WB Amount is 5% of $7,609, or $380. Because you have taken withdrawals in excess of your Maximum WB for Life Amount, your Lifetime Income Base is also now $7,609. Your Maximum WB for Life Amount is 4% of $7,609, or $304.

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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;● Assume your Designated Fund earns -2% in Account Year 14, and that you take another $6,000 withdrawal. On December 31, 2022:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is $1,457 [$7,609 x (1 - 0.02) - $6,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount is $1,457 [the lesser of (1) your current GLB amount minus the withdrawal amount ($7,609 - $6,000) and (2) your new Account Value ($1,457)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $1,457 [the lesser of (1) your current GLB Base minus the excess withdrawal [$7,609 - ($6,000 - $380)] and (2) your new Account Value ($1,457)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount equals $73 [5% of your new Lifetime Income Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $1,457 [the lesser of (1) your current Lifetime Income Base minus the excess withdrawal [$7,609 - ($6,000 - $304)] and (2) your new Account Value [$1,457]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount equals $58 [4% of your new Lifetime Income Base of $1,457].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because your GLB Base is greater than zero, you may take annual withdrawals up to the Maximum WB Amount until your GLB amount becomes zero. Because your Lifetime Income Base is greater than zero, you may take annual withdrawals up to the Maximum WB for Life Amount until you die or annuitize. Any withdrawal you take that is greater than your Maximum WB Amount will reduce your GLB Base (and hence, give you a new, reduced Maximum WB Amount). Any withdrawal you take that is greater than your Maximum WB for Life Amount will reduce your Lifetime Income Base (and hence, give you a new, reduced Maximum WB for Life Amount).

If your Account Value is reduced to zero by a withdrawal that does not exceed your Maximum WB for Life Amount, you must ***choose between***:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● withdrawing the Maximum WB for Life Amount each year until you die, ***or*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● withdrawing your Maximum WB Amount each year until your GLB amount is reduced to zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If your Account Value is reduced to zero by a withdrawal that exceeds your Maximum WB for Life Amount but does not exceed your Maximum WB Amount, your Lifetime Income Base will become zero, but we will continue to pay your then current Maximum WB Amount each year until your GLB is reduced to zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If your Account Value is reduced to zero by a withdrawal that exceeds both your Maximum WB for Life Amount and your Maximum WB Amount, your Lifetime Income Base, your GLB amount, and your GLB Base will all be reduced to zero, your Maximum WB for Life Amount and your Maximum WB Amount will both become zero, and no more benefits will be paid.

**EXAMPLE 13: Step-up elected under AB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB plan at any time. Assume that your Account Value was $150,000 on January 1, 2009. Since this amount is greater than your GLB amount, you may step-up to a new 10-year period, with a new GLB amount of $150,000. Assume that you elect to step-up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maturity Date is reset to January 1, 2019 (ten years after the date of the step-up). Assume that on January 1, 2019, your Account Value is $130,000. Assume that your total rider charges to date are $8,875.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Since your Account Value is lower than your stepped-up GLB by $20,000, an amount equal to $20,000 will be deposited into your Contract ($150,000 - $130,000).

**EXAMPLE 14: Step-up elected under WB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you are age 65 at issue. Also assume that you elect the WB plan on January 1, 2006, and that you choose to systematically withdraw the Maximum WB Amount annually. Assume that your Designated Fund had good investment performance, gaining 6% a year over the course of the Contract. On January 1, 2006:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 [the value of your GLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $5,000 [5% of your Lifetime Income Base because you are age 65].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2006, after you take your first systematic withdrawal of $5,000, your Account Value is $101,000:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount, reduced by the amount of the withdrawal, is $95,000 [$100,000-$5,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you withdrew no more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 because you withdrew no more than your Maximum WB for Life Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $5,000 [5% of your Lifetime Income Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you make no subsequent Purchase Payments, but you take systematic withdrawals of $5,000 for a total of 3 years. On December 31, 2008:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is $103,184.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount is $85,000 [$100,000 - ($5,000 x 3)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you withdrew no more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is still $100,000 because you withdrew no more than your Maximum WB for Life Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $5,000 [5% of your Lifetime Income Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because your Account Value is greater than your GLB amount, your GLB Base, and your Lifetime Income Base, you may step-up your GLB amount, your GLB Base, and your Lifetime Income Base each to an amount equal to your current Account Value. Assume you elect to step-up. On January 1, 2009\*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is $103,184.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB amount is $103,184.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $103,184.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,159 [5% of your ***new*** GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $103,184.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $5,159 [5% of your ***new*** Lifetime Income Base].

\*

Note: Assume instead that you elected to step-up sometime in 2009 ***after*** your withdrawal of $5,000 was taken and that your Account Value at the time of the step-up was $103,184. Your new Maximum WB Amount and new Maximum WB for Life amount would apply so that you could withdraw an additional $159 without exceeding your maximum amounts.

**EXAMPLE 15: Subsequent Purchase Payments after Step-up under the AB Plan; Refund Applies.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB plan at any time. Assume that your Account Value was $150,000 on January 1, 2009. Since this amount is greater than your GLB amount, you may step-up to a new 10-year period, with a new GLB amount of $150,000. Assume that you elect to step-up. Your Maturity Date is reset to January 1, 2019 (ten years after the date of the step-up).

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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;● On June 1, 2010, you make an additional $80,000 Purchase Payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2010, your GLB amount is $230,000 [$150,000 + ($80,000 x 100%)]. Since it has been less than two years since the step-up was elected, the GLB amount is increased by 100% of the new Purchase Payment amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2019 (your Maturity Date), your Account Value is $280,000. Assume that your total rider charges to date are $13,850.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because your Account Value is greater than the GLB amount of $230,000, your account will be credited with the amount of your rider charges, increasing your Account Value to $293,850.

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**APPENDIX H -SECURED** <br> **RETURNS** 

**The optional living benefit Secured Returns ("Benefit" or "the rider") was available for all Contracts purchased prior to September 7, 2004 and certain contracts purchased on or after that date. The following information applies to your Contract if you elected to participate in Secured Returns and did not replace it with Secured Returns 2, which was available for such replacements for a limited period of time. Secured Returns is no longer available for sale on new Contracts. Since we are no longer offering Secured Returns to new Owners, renewals are no longer available.** 

Secured Returns guarantees a return of your Purchase Payments (adjusted for subsequent Purchase Payments and withdrawals), regardless of the investment performance of the underlying funds, provided that you comply with certain requirements. The amount guaranteed can be greater than or less than your Account Value. **Upon annuitization, the Benefit and any optional death benefit automatically terminate.** 

To participate in Secured Returns, all of your Account Value must be invested in a Designated Fund at all times during the term of the plan: a 10-year period under the AB Plan or, if you elected the WB Plan, until your guaranteed amount is reduced to zero. See "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

If you elected to participate in Secured Returns with the basic death benefit, we assess your Contract an annual charge of 0.40% of your average daily net assets. If you elected Secured Returns with the EEB Premier rider, we assess your Contract an annual charge of 0.65% of your average daily net assets. We will continue to deduct this annual charge until you annuitize or your Secured Returns expires or is revoked. **Cancellation of the Benefit (caused by a transfer out of the Designated Fund or a Purchase Payment allocation to a non-Designated Fund) may not terminate the annual charge.** 

Any time after your 7th Account Anniversary, you may revoke Secured Returns. Once revoked, the Benefit may not be reinstated. After the Benefit has been revoked, your insurance charges will be reduced by 0.40% of your average daily Account Value. If you elected the Benefit in combination with the EEB Premier rider, that optional death benefit rider will not be revoked and the charge of the rider (0.25% of your average daily Account Value) will continue.

Transfers among the Designated Funds are permitted as described under "Transfer Privilege" in the prospectus to which this Appendix is attached. **If however you transfer some or all of your Account Value out of the Designated Fund into another investment option offered under your Contract, Secured Returns will be automatically cancelled. Likewise, if you allocate one or more subsequent Purchase Payments to an investment option other than one of the Designated Funds, Secured Returns will be cancelled.** 

Once the Benefit has been cancelled, it cannot be reinstated. After the cancellation of the Benefit, you will continue to pay the annual charge for the Benefit until your 7th Account Anniversary. After your 7th Account Anniversary, your insurance charges will be reduced by 0.40% of your average daily Account Value. If you elected the Benefit in combination with the EEB Premier rider, that optional death benefit rider will not be cancelled and the cost of such rider (0.25% of your average daily Account Value) will remain.

If you elected Secured Returns, you may choose to receive your Benefit under one of two plans: the Guaranteed Minimum Accumulation Benefit ("AB") Plan or the Guaranteed Minimum Withdrawal Benefit ("WB") Plan. You are automatically enrolled in the AB Plan at the time you elect Secured Returns. Any time prior to your 81st birthday, you may elect instead to receive your Benefit under the WB Plan. **There is no waiting period for participation in the WB Plan, but you must make your election prior to your 10th Account Anniversary or annuitization, whichever is earlier.** Once you elect to participate in the WB Plan, you may not change your election to the AB Plan. If you do not specifically elect the WB Plan, you will be deemed to have elected to remain in the AB Plan.

All withdrawals under Secured Returns are subject to withdrawal charges if they are in excess of the annual free withdrawal amount. (See "*Free Withdrawal Amount*" under "Withdrawal Charge" in the prospectus to which this Appendix is attached.) In addition, if you have elected Secured Returns, but have not yet elected to participate in the WB

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Plan, any withdrawals you make will reduce your GLB amount proportionally to the amount of Account Value withdrawn. For examples showing how withdrawals affect your benefits under Secured Returns, see Examples 5 through 8 in this Appendix.

Under the terms of the **Guaranteed Minimum Accumulation Benefit ("AB") Plan**, on your 10th Account Anniversary, we will credit your Account Value with any excess of your Guaranteed Living Benefit Amount ("GLB amount") over your Account Value after the application of any other Contract transactions. Any such amount will be allocated to the Designated Fund in which you are invested at that time. Your GLB amount is equal to the sum of 100% of your initial Purchase Payment plus a specified percentage of any subsequent Purchase Payments, adjusted in amount for partial withdrawals. One or more subsequent Purchase Payments during the 10-year period will not restart the 10-year period. For each subsequent Purchase Payment after the second Account Anniversary, we will increase the GLB amount by less than 100% of the Purchase Payment depending upon the Account Year in which it was made, as follows:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Account Year in which**<br> **Purchase Payment was made**<br>| **Percentage Guaranteed** |
| 1 - 2 | 100% |
| 3 - 5 | 85% |
| 6 - 8 | 70% |
| 9 - 10 | 60% |

---

For examples of how we calculate benefits under the AB Plan, see Examples 1 and 2 in this Appendix. **Note that the timing and amount of subsequent Purchase Payments may affect the total Benefit. In particular, it may be disadvantageous for you to make Purchase Payments that increase the GLB amount by less than 100% of the payment.** 

To calculate the GLB amount after a partial withdrawal under the AB Plan, we multiply the GLB amount immediately before the withdrawal by the ratio of the Account Value immediately after the withdrawal to the Account Value immediately before the withdrawal. (See Examples 5 and 7 in this Appendix.)

If you die while the AB Plan is still in force, all benefits and charges under Secured Returns will automatically terminate when we receive Due Proof of Death, unless your surviving spouse is the sole Beneficiary. In that case, your surviving spouse may elect to continue the Contract. If such election is made, the same Benefit will apply. Your surviving spouse can elect the WB Plan at any time prior to the earliest of annuitization, the surviving spouse's 81st birthday, and your 10th Account Anniversary. If your surviving spouse does not elect the WB Plan, the AB Plan will continue. In such case, the benefits under AB Plan will be determined according to the original 10-year period. In all cases, the GLB amount will not reset upon your death.

If the Contract is not continued by your surviving spouse following your death while participating in the AB Plan, your Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

Under the terms of the **Guaranteed Minimum Withdrawal Benefit ("WB") Plan**, you may withdraw up to a set dollar amount from your Account Value each year during which the WB Plan is in effect, until your remaining GLB amount equals zero. This set dollar amount, or "maximum WB amount," is equal to 7% of the GLB amount on the date you elect to participate in the WB Plan. You are not required to make any withdrawals after you have elected the WB Plan; however, if you withdraw more than the maximum WB amount in any Account Year, your remaining GLB amount and future guaranteed withdrawals will be reduced in the manner discussed further below. **You should be aware that a withdrawal in excess of the maximum WB amount might significantly reduce your Secured Returns Benefits if your Account Value is less than the remaining GLB amount. In addition, the value you will receive upon a full withdrawal, or "surrender" of your Contract, will be your Contract's Surrender Value and not the remaining GLB amount.** Any subsequent Purchase Payment made after you have elected the WB Plan, and before your fourth Account Anniversary, will increase your remaining GLB amount by 100% of such subsequent Purchase Payment. Your maximum WB amount will increase by 7% of such subsequent Purchase Payment. **After your fourth Account Anniversary, you** 

------

**may not make any additional Purchase Payments if you have elected the WB Plan.** For examples of how we calculate benefits under the WB Plan, see Examples 3 and 4 in this Appendix.

Once you have elected to participate in the WB Plan, withdrawals of no more than the maximum WB amount will reduce your remaining GLB amount dollar for dollar. If you are participating in the WB Plan and you withdraw, in any one Account Year, more than the current maximum WB amount, your remaining GLB amount will be reduced to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your previous remaining GLB amount reduced dollar for dollar by the amount of the withdrawal, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your Account Value.

If (b), above, is less than (a), then your maximum WB amount will be reduced so that the new remaining GLB amount will expire on the same date it would have had the maximum WB amount been withdrawn every year thereafter. (See Example 6 in this Appendix.)

The maximum WB amount is not cumulative. That is to say, if you withdraw less than the maximum WB amount in any one Account Year, you cannot add that unused portion to withdrawals made in future years to exceed the maximum WB amount.

Under the WB Plan, your Secured Returns benefits will continue until your remaining GLB amount is reduced to zero, even if your Account Value drops to zero. **If your Account Value drops to zero, no subsequent Purchase Payment will be accepted and no death benefit will be payable**. We will however, continue to pay the maximum WB amount each Account Year while you are alive until your remaining GLB amount has been reduced to zero.

If you die while the WB Plan is in force and your surviving spouse, as the sole Beneficiary, elects to continue the Contract, Secured Returns will continue on the same terms, for your surviving spouse, even though the Account Value may have been enhanced under the provisions of the death benefit. (See "Spousal Continuance" under "DEATH BENEFIT" in the Prospectus to which this Appendix is attached.) In all other situations, the Beneficiary may elect to exercise any of the available options under the Death Benefit provisions of the Contract, or in the alternative, to receive the maximum WB amount on an annual basis until the remaining GLB amount has been reduced to zero (if the Contract is a Qualified Contract, and the Beneficiary is not your surviving spouse, or otherwise exempted under Federal Tax Laws, the GLB amount must be fully distributed by December 31st of the tenth year after your death.)

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as Secured Returns. When you elect to participate in the WB Plan, we will inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit. To assist you in complying with the RMD requirements, each year, we will notify you in early January of your calculated Yearly RMD Amount and inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit.

In the event that your Yearly RMD Amount attributable to your Contract is greater than the maximum withdrawal amount permitted each year under the WB Plan, we are currently waiving withdrawal provisions under Secured Returns as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in the WB Plan, we reduce your Account Value and your remaining GLB amount, dollar for dollar, by the amount of the withdrawal. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than either your Maximum WB Amount. In other words, we will not reduce your remaining GLB amount if a Yearly RMD Amount exceeds either your Maximum WB Amount, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that Amount until the first quarter of the next calendar year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in you receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

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**If there is any change to the current Code or IRS rules governing the timing or determination of RMD amounts (including, but not limited to, amendments to the current IRS regulations or the issuance of IRS guidance), then we reserve the right to reduce the remaining GLB amount per the terms of the rider regarding excess withdrawals, when a Yearly RMD Amount withdrawn from your Contract exceeds your Maximum WB Amount. Notice will be given to Contract Owners before we exercise this right.** 

If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in the AB Plan, we reduce your Account Value by the amount of the withdrawal and your GLB amount proportionally.

For a further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

**ALL OF THE FOLLOWING EXAMPLES ARE BASED UPON THE ASSUMPTION YOU SELECTED SECURED RETURNS ON OR BEFORE YOUR ISSUE DATE.** 

Examples 1 through 4 demonstrate how we calculate your Secured Returns Benefit assuming you make no subsequent Purchase Payments and you make no withdrawals other than those satisfying the maximum WB amount under the WB Plan. Examples 1 and 2 show your benefit under the AB Plan, and Examples 3 and 4 show your benefit under the WB Plan. Examples 5 through 8 demonstrate how withdrawals and subsequent Purchase Payments affect your Secured Returns Benefit. Examples 5 and 7 show how withdrawals affect your benefits under the AB Plan. Example 6 shows the effect of withdrawing more than the maximum WB amount under the WB Plan in any one Account Year. Examples 7 and 8 show the effects of making subsequent Purchase Payments.

**EXAMPLE 1: Low investment performance; no WB election.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2003, you purchased a Contract with an initial Purchase Payment of $100,000. Assume that you did not elect the WB plan at any time and that your Designated Fund had low investment performance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2013, your Account Value is $85,000. On that date, your Account Value will be increased by $15,000 ($100,000 - $85,000).

**EXAMPLE 2: High investment performance; no WB election** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2003, you purchased a Contract with an initial Purchase Payment of $100,000. Assume that you did not elect the WB plan at any time and that your Designated Fund had high investment performance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2013, your Account Value is $200,000. Because your Account Value is greater that the GLB amount of $100,000, your Account Value will not be increased.

**EXAMPLE 3: Low investment performance; WB election** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2003, you purchased a Contract with an initial Purchase Payment of $100,000. Assume that you elected the WB plan at issue and choose to systematically withdraw the maximum WB amount (*i.e.,* 7% of the $100,000 or $7,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2003, your remaining GLB amount will be $93,000 ($100,000 - $7,000). Assume that, on that date, your Account Value is $91,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2004, your remaining GLB amount will be $86,000 ($93,000 - $7,000). Assume that, on that date, your Account Value is $80,000. These withdrawals continue for seven more years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2011, your remaining GLB amount will be $37,000 ($86,000 - ($7,000 x 7 years)). Assume that, on that date, your Account Value is $0. These withdrawals of $7,000 continue until the remaining GLB amount runs out in year 15, after the final withdrawal of $2,000 has been taken. At that time, the Benefit terminates.

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**EXAMPLE 4: High investment performance; WB election** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you elected the WB plan at issue and choose to systematically withdraw the maximum WB amount (*i.e.,* 7% of the $100,000 or $7,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2003, your remaining GLB amount will be $93,000 ($100,000 - $7,000). Assume that, on that date, your Account Value is $91,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2004, your remaining GLB amount will be $86,000 ($93,000 - $7,000). Assume that, on that date, your Account Value is $90,000. These withdrawals continue for seven more years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2011, your remaining GLB amount will be $37,000 ($86,000 - ($7,000 x 7 years)). Assume that, on that date, your Account Value is $50,000. These withdrawals continue for 5 more years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2016, the remaining GLB amount equals $2,000 ($37,000 - ($7,000 x 5 years)). Assume the Account Value equals $30,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on December 31, 2017, you withdraw the remaining $2,000 to exhaust the remaining GLB amount. Secured Returns thus terminates and the annual fee stops. However, because there is a remaining Account Value, the Contract continues.

**EXAMPLE 5: Withdrawals under the AB Plan** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2003, you purchased a Contract with an initial Purchase Payment of $100,000. Your GLB amount is $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2004, your Account Value is $110,000 and you withdraw 10% of your Account Value (or $11,000). Your GLB amount will be reset to $90,000, *i.e.,* the previous GLB amount ($100,000) reduced proportional to the amount of Account Value withdrawn (10%), or $100,000 - (10% of $100,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you make no more withdrawals or Purchase Payments and that your Account Value, on January 1, 2013, is $85,000. Your Account Value will be increased by $5,000 ($90,000 - $85,000).

**EXAMPLE 6: Withdrawals under the WB Plan** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2003, you purchased a Contract with an initial Purchase Payment of $100,000. Assume that you elected the WB Plan at issue. Your maximum WB amount would be $7,000 (*i.e.,* 7% of the $100,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on January 1, 2004, your Account Value is $95,000. Assume that no withdrawals have been made. Your remaining GLB amount is still $100,000 and your maximum WB amount is still $7,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on September 3, 2004, your Account Value is $93,000 and you withdraw $5,000. Your Account Value is thus reduced to $88,000, and your remaining GLB amount is reduced to $95,000. Your maximum WB amount is still $7,000; however, you can only withdraw $2,000 more this Account Year without exceeding your maximum WB amount for the Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on January 4, 2005, your Account Value is $85,000 and you withdraw another $5,000. Your Account Value is thus reduced to $80,000. This is now a new Account Year, so the maximum WB amount has not yet been exceeded. Your remaining GLB amount is reduced to $90,000. Your maximum WB amount is still $7,000; however, you can only withdraw $2,000 more this Account Year without exceeding your maximum WB amount for the Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on November 4, 2005, your Account Value is $79,000 and you withdraw another $5,000. Your Account Value is thus reduced to $74,000. Your total withdrawals for the current Account Year equal $10,000 ($5,000 + $5,000), a total of $3,000 in excess of your maximum WB amount. Your remaining GLB amount is thus reduced to $74,000; *i.e.,* the lesser of your Account Value ($74,000) and your previous remaining GLB amount reduced dollar for dollar by the withdrawal ($90,000 - $5,000). Your maximum WB amount is reduced

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so that the date on which the remaining GLB amount expires will be the same date it would have expired had the maximum WB been withdrawn every year, *i.e.,* ($90,000 - $2,000) ÷ $7000 = 12.57 years. Thus the maximum WB amount will become $5,887 ($74,000 ÷ 12.57).

**EXAMPLE 7: Withdrawals with subsequent Purchase Payments under the AB Plan** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2003, you purchased a Contract with an initial Purchase Payment of $100,000. Assume that you did not elect the WB Plan at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2007, you make a subsequent Purchase Payment of $100,000. Your GLB amount is now $185,000, *i.e.,* ($100,000 x 100%) + ($100,000 x 85%).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on June 1, 2009, your Account Value is $240,000 and you withdraw $40,000. Your Account Value is reduced to $200,000. Your GLB amount is reset to $154,167, *i.e.,* the previous GLB amount reduced proportional to the amount of Account Value withdrawn, or $185,000 x ($200,000 ÷ $240,000). Assume you make no more withdrawals or subsequent Purchase Payments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on January 1, 2013, your Account Value is $125,000. On that date, your Account Value will be increased by $29,167 ($154,167 - $125,000).

**EXAMPLE 8: Withdrawals with subsequent Purchase Payments under the WB Plan** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2003, you purchased a Contract with an initial Purchase Payment of $100,000. Assume that you elected the WB plan at issue and choose to systematically withdraw the maximum WB amount (*i.e.,* 7% of the $100,000 or $7,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 1, 2004, your remaining GLB amount will be $93,000 ($100,000 - $7,000). Assume that, on that date, your Account Value is $91,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on January 6, 2004, you make an additional Purchase Payment of $50,000. Your remaining GLB amount is reset to $143,000 ($93,000 + $50,000). Your maximum WB amount is reset to $10,500 ($7,000 + (7% x $50,000)). Assume you increase your annual withdrawals to equal the maximum WB amount of $10,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on January 1, 2005, you withdraw the maximum WB amount of $10,500 and your remaining GLB amount is $132,500 ($143,000 - $10,500). Assume that no additional subsequent Purchase Payments are made and the maximum WB amount is withdrawn annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on January 1, 2013, your Account Value equals $0. Your remaining GLB amount will be $48,500, *i.e*., ($132,500 - ($10,500 x 8 years). Withdrawals will continue until the remaining GLB amount is reduced to zero.

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**APPENDIX I -SECURED** <br> **RETURNS 2** 

**The following information applies to your Contract if you elected to participate in Secured Returns 2 ("Benefit" or "Secured Returns 2" or "the rider") and did not replace it with Secured Returns for Life, which was available for such replacements for a limited period of time beginning in November 2005. Secured Returns 2 is no longer available for sale on new Contracts. Since we are no longer offering Secured Returns 2 to new Owners, renewals are no longer available.** 

Secured Returns 2 guarantees a return of your Purchase Payments (adjusted for subsequent Purchase Payments and withdrawals), regardless of the investment performance of the underlying funds, provided that you comply with certain Benefit requirements. The amount guaranteed can be greater than or less than your Account Value. All Benefits and charges under Secured Returns 2 terminate upon annuitization.

Secured Returns 2 is available only if you are age 84 or younger on the Open Date. If you choose to participate in the Benefit, you must make your election no later than your Issue Date. You may combine the Benefit with any optional death benefit other than the EEB Premier Plus. **Upon annuitization, Secured Returns 2 and any elected optional death benefit automatically terminate.** 

To participate in Secured Returns 2, all of your Account Value must be invested in a Designated Fund at all times during the term of the plan: a 10-year period under the AB Plan or, if you elected the WB Plan, until the guaranteed amount is reduced to zero. See "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

Unlike other Contract charges, the charge for Secured Returns 2 will not be calculated as a percentage of average daily net assets as described under "Variable Accumulation Unit Value." Instead, the charge for the Benefit will be made as a specific deduction from the Account Value, taken on the last valuation day of the Account Quarter. The charge per year is equal to 0.50% of your Account Value. The quarterly charge will be determined by multiplying the Account Value at the end of the Account Quarter by 0.00125. (See Example 12 in this Appendix.) The specific amount of the quarterly charge will be reflected on your quarterly account statement. We will continue to deduct this charge until you annuitize or your Secured Returns 2 Benefit expires or is revoked. **Cancellation of the Benefit (caused by a transfer out of a Designated Fund or a Purchase Payment allocation to a non-Designated Fund) *will not* terminate the charge, until the 7th Account Anniversary.** Any time after your 7th Account Anniversary, you may revoke Secured Returns 2. Once revoked, Secured Returns 2 may not be reinstated. After Secured Returns 2 has been revoked, all benefits and charges will end.

Transfers among the Designated Funds are permitted as described under "Transfer Privilege" in the prospectus to which this Appendix is attached. **If however you transfer some or all of your Account Value out of the Designated Fund into another investment option offered under your Contract, Secured Returns 2 will be automatically cancelled. Likewise, if you allocate one or more subsequent Purchase Payments to an investment option other than one of the Designated Funds, Secured Returns 2 will be cancelled.** Once the Benefit has been cancelled, it cannot be reinstated. After the cancellation of the Benefit, you *will continue* to pay the annual charge for the Benefit until your 7th Account Anniversary.

If you elect Secured Returns 2, you may choose to receive your Benefit under one of two plans: the Guaranteed Minimum Accumulation Benefit ("AB") Plan or the Guaranteed Minimum Withdrawal Benefit ("WB") Plan.

If you elect Secured Returns 2, you are automatically enrolled in the AB Plan. **After your first Account Anniversary, you may elect instead to receive your Benefit under the WB Plan, provided that you make the election prior to the earliest of your 81st birthday, the date you annuitize, and the date your AB Plan matures.** Once you elect to participate in the WB Plan, you may not change your election to the AB Plan. If you do not specifically elect the WB Plan, you will be deemed to have elected to remain in the AB Plan.

All withdrawals under Secured Returns 2 are subject to withdrawal charges if they are in excess of the annual free withdrawal amount. (See "*Free Withdrawal Amount*" under "Withdrawal Charge" in the prospectus to which this Appendix is attached.) In addition, if you have elected Secured Returns 2, but have not yet elected to participate in the

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WB Plan, any withdrawals you make will reduce your Guaranteed Living Benefit Amount ("GLB amount") proportionally to the amount of Account Value withdrawn. For examples showing how withdrawals affect your benefits under Secured Returns 2, see Examples 6, 7, 8, 9 and 11 in this Appendix.

Under the terms of the **Guaranteed Minimum Accumulation Benefit ("AB") Plan**, on your 10th Account Anniversary, we will credit your Account Value with any excess of your GLB amount over your Account Value after the application of any other Contract transactions. Any such amount will be allocated to the Designated Fund in which you are invested at that time. Your GLB amount is equal to the sum of 100% of your initial Purchase Payment plus a specified percentage of any subsequent Purchase Payments, adjusted in amount for partial withdrawals. One or more subsequent Purchase Payments during the 10-year period will not restart the 10-year period. For each subsequent Purchase Payment after the second Account Anniversary, we will increase the GLB amount by less than 100% of the Purchase Payment depending upon the Account Year in which it was made, as follows:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Account Year in which**<br> **Purchase Payment was made**<br>| **Percentage guaranteed** |
| 1 - 2 | 100% |
| 3 - 5 | 85% |
| 6 - 8 | 70% |
| 9 - 10 | 60% |

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For examples of how we calculate benefits under the AB Plan, see Examples 1, 2, and 3 in this Appendix. **Note that the timing and amount of subsequent Purchase Payments may affect the total Secured Returns 2 Benefit.** In particular**, it may be disadvantageous for you to make Purchase Payments that increase the GLB amount by less than 100% of the payment.** 

If your Contract remains in the AB Plan until it "matures" on the later of your 10th Account Anniversary or 10 years from your most recent Step-Up Date, and the Account Value is greater than or equal to the GLB amount on the "maturity date," then we will refund the charges you have paid for Secured Returns 2 ("Refund Amount") by crediting the Refund Amount to your Account Value. The Refund Amount will be allocated to the Designated Fund in which you are invested on such "maturity date." No refund of Secured Returns 2 charges will be made if you change from the AB Plan to the WB Plan.

To calculate the GLB amount after a partial withdrawal under the AB Plan, we multiply the GLB amount immediately before the withdrawal by the ratio of the Account Value immediately after the withdrawal to the Account Value immediately before the withdrawal. (See Examples 6 and 9 in this Appendix.)

If you die while participating in the AB Plan, all benefits and charges under Secured Returns 2 will automatically terminate when we receive Due Proof of Death, unless your surviving spouse is the sole Beneficiary. In that case, your surviving spouse may elect to continue the Contract. If such election is made, the same Secured Returns 2 Benefit will apply. Your surviving spouse can elect the WB Plan at any time prior to the earliest of annuitization, the surviving spouse's 81st birthday, and the date the AB Plan is scheduled to "mature". If your surviving spouse does not elect the WB Plan, the AB Plan will continue on the same terms, for your surviving spouse, even though the Account Value may have been enhanced under the provisions of the death benefit. (See "Spousal Continuance" under "DEATH BENEFIT" in the prospectus to which this Appendix is attached.) In all cases, the GLB amount will not reset upon your death, but the charges under Secured Returns 2 will be assessed against the enhanced Account Value.

If the Contract is not continued by your surviving spouse following your death while participating in the AB Plan, your Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

Under the terms of the **Guaranteed Minimum Withdrawal Benefit ("WB") Plan**, you may withdraw up to a set dollar amount from your Account Value each year during which the WB Plan is in effect, until your remaining GLB amount equals zero. Once the remaining GLB amount is reduced to zero, the Secured Returns 2 Benefit will expire and no new Purchase Payments will be accepted into the WB Plan. This set dollar amount, or "maximum WB amount," is equal to

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7% of the remaining GLB amount on the date you elect to participate in the WB Plan. You are not required to make any withdrawals after you have elected the WB Plan; however, if you withdraw more than the maximum WB amount in any Account Year, your remaining GLB amount and future guaranteed withdrawals will be reduced in the manner discussed further below. **You should be aware that a withdrawal in excess of the maximum WB amount might significantly reduce your Secured Returns 2 Benefits if your Account Value is less than your remaining GLB amount. In all cases, the value you will receive upon a full withdrawal, or "surrender" of your Contract, will be your Contract's Surrender Value and not the remaining GLB amount.** Provided any remaining GLB amount is not reduced to zero, any subsequent Purchase Payment made after you have elected the WB Plan, and before your fourth Account Anniversary, will increase your remaining GLB amount by 100% of such subsequent Purchase Payment. Your maximum WB amount will increase by 7% of such subsequent Purchase Payment. **After your fourth Account Anniversary, you may not make any additional Purchase Payments unless your WB Plan has expired.** 

Once you have elected to participate in the WB Plan, withdrawals of no more than the maximum WB amount will reduce the remaining GLB amount dollar for dollar. If you are participating in the WB Plan and you withdraw, in any one Account Year, more than the current maximum WB amount, the remaining GLB amount will be reduced to equal the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your previous remaining GLB amount reduced dollar for dollar by the amount of the withdrawal, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your Account Value.

If (b), above, is less than (a), then your maximum WB amount will be reduced so that the new remaining GLB amount will expire on the same date it would have had the maximum WB amount been withdrawn every year thereafter. (See Example 7 in this Appendix.)

The maximum WB amount is not cumulative. That is to say, if you withdraw less than the maximum WB amount in any one Account Year, you cannot add that unused portion to withdrawals made in future years to exceed the maximum WB amount.

Under the WB Plan, your Secured Returns 2 benefits will continue until your remaining GLB amount is reduced to zero, even if your Account Value drops to zero. **If your Account Value drops to zero, no subsequent Purchase Payment will be accepted and no death benefit will be payable.** We will however, continue to pay the maximum WB amount each Account Year while you are alive until your remaining GLB amount has been reduced to zero.

For examples of how we calculate benefits under the WB Plan, see Examples 4 and 5 in this Appendix.

If you die while participating in the WB Plan and your surviving spouse, as the sole Beneficiary, elects to continue the Contract, Secured Returns 2 will continue on the same terms, for your surviving spouse, even though the Account Value may have been enhanced under the provisions of the death benefit. (See "Spousal Continuance" under "DEATH BENEFIT" in the Prospectus to which this Appendix is attached.) In such case, the remaining GLB amount will not reset upon your death, but the charges under Secured Returns 2 will be assessed against the enhanced Account Value. In all other situations, the Beneficiary may elect to exercise any of the available options under the Death Benefit provisions of the Contract, or in the alternative, to receive the maximum WB amount on an annual basis until the remaining GLB amount has been reduced to zero (if the Contract is a Qualified Contract, and the Beneficiary is not your surviving spouse, or otherwise exempted under Federal Tax Laws, the GLB amount must be fully distributed by December 31st of the tenth year after your death.)

After your fifth Account Anniversary, you may elect to increase ("step-up") your GLB amount or remaining GLB amount to your then current Account Value. Currently, this step-up election may be made on **any day** after your fifth Account Anniversary. (We reserve the right to require step-up elections to occur only within 30 days following the fifth or any subsequent Account Anniversary.) On the day we receive your step-up election notice in Good Order (the "Step-Up Date"), we will increase your GLB or remaining GLB amount to an amount equal to your Account Value on the Step-Up Date. If you elect to step-up your GLB or remaining GLB amount, at least 5 full years from the Step-Up Date must pass before you can elect another step-up. You can only elect to step-up the GLB or remaining GLB amount if the current

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Account Value is greater than the current GLB or remaining GLB amount. If you are in the AB Plan, you must be less than age 85 on the Step-Up Date. If you are in the WB Plan, you must be less than age 81 on the Step-Up Date.

Following your step-up election, the rider fee may be changed to an amount that may be higher than your current Secured Returns 2 fee as discussed above. The rider fee after the step-up will be set by us, based upon current market conditions at the time of the step-up. Significant changes in stock market prices, interest rate fluctuations, and competitive industry trends are among the market conditions we consider in whether to change the fee.

If you are participating in the AB Plan and you elect to step-up your GLB amount, the term of your benefit under the AB Plan will change. Without a step-up, your benefit under the AB Plan will "mature" on the 10th Account Anniversary (the date we credit your Account with any excess of your GLB amount over your Account Value or refund your Secured Returns 2 rider charges). After you make a step-up election, your benefit under the AB Plan will mature 10 years from the Step-Up Date. (See Example 2 in this Appendix.)

If you have been receiving benefits under the WB Plan, a step-up may change your "maximum WB amount." After the step up, your "maximum WB amount" will become the greater of the current "maximum WB amount" and 7% of your new remaining GLB amount. Note that, if you step-up in a particular Account Year, any withdrawals previously made in that Account Year are applied against your new "maximum WB amount." (See Example 8 in this Appendix.)

At the time of a step-up, if your benefit is under the AB Plan, you can still change to the WB Plan at a later date, subject to the applicable age restrictions described above.

**Because Purchase Payments, under the WB Plan, are not allowed after your fourth Account Anniversary, you must be participating in the AB Plan to make any subsequent Purchase Payments after a Step-Up.** After your step-up election, any subsequent Purchase Payment will increase the GLB amount under your AB Plan by a specified percentage of the subsequent Purchase Payment. The percentage guaranteed depends upon "Step-Up Year" in which the Payment was made. (A "Step-Up Year" is the 365-day period (366, if a leap year) commencing on your Step-Up Date.) The example below illustrates how we determine the percentage guaranteed after a subsequent Purchase Payment:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp; Assume you purchased a Contract on July 1, 2005, and elected to step-up your Contract on October 1, 2010. Under <br> the AB Plan that you have elected, your benefit matures on October 1, 2020. For any subsequent Purchase Payments <br> you make, your GLB amount will increase by the following percentages: | &nbsp;&nbsp; Assume you purchased a Contract on July 1, 2005, and elected to step-up your Contract on October 1, 2010. Under <br> the AB Plan that you have elected, your benefit matures on October 1, 2020. For any subsequent Purchase Payments <br> you make, your GLB amount will increase by the following percentages: | &nbsp;&nbsp; Assume you purchased a Contract on July 1, 2005, and elected to step-up your Contract on October 1, 2010. Under <br> the AB Plan that you have elected, your benefit matures on October 1, 2020. For any subsequent Purchase Payments <br> you make, your GLB amount will increase by the following percentages: |
| **Step-Up Year** | **Payments Made Between** | **Percentage Guaranteed** |
| 1 | 10/02/10 - 10/01/11 | 100% |
| 2 | 10/02/11 - 10/01/12 | 100% |
| 3 | 10/02/12 - 10/01/13 | 85% |
| 4 | 10/02/13 - 10/01/14 | 85% |
| 5 | 10/02/14 - 10/01/15 | 85% |
| 6 | 10/02/15 - 10/01/16 | 70% |
| 7 | 10/02/16 - 10/01/17 | 70% |
| 8 | 10/02/17 - 10/01/18 | 70% |
| 9 | 10/02/18 - 10/01/19 | 60% |
| 10 | 10/02/19 - 10/01/20 | 60% |

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Thus, a subsequent Purchase Payment made on October 2, 2015, will provide only a 70% guarantee whereas a subsequent Purchase Payment made on October 1, 2015, will provide an 85% guarantee. (See Example 10 in this Appendix.) **It may be disadvantageous for you to make any such Purchase Payments that increase the GLB amount by less than 100% of the payment.** 

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as Secured Returns 2. When you elect to participate in the WB Plan, we will inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit. To assist you in

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complying with the RMD requirements, each year, we will notify you in early January of your calculated Yearly RMD Amount and inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit.

In the event that your Yearly RMD Amount attributable to your Contract is greater than the maximum withdrawal amount permitted each year under the WB Plan, we are currently waiving withdrawal provisions under Secured Returns 2 as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in the WB Plan, we reduce your Account Value and your remaining GLB amount, dollar for dollar, by the amount of the withdrawal. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than either your Maximum WB Amount. In other words, we will not reduce your remaining GLB amount if a Yearly RMD Amount exceeds either your Maximum WB Amount, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that Amount until the first quarter of the next calendar year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in you receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

**If there is any change to the current Code or IRS rules governing the timing or determination of RMD amounts (including, but not limited to, amendments to the current IRS regulations or the issuance of IRS guidance), then we reserve the right to reduce the remaining GLB amount per the terms of the rider regarding excess withdrawals, when a Yearly RMD Amount withdrawn from your Contract exceeds your Maximum WB Amount. Notice will be given to Contract Owners before we exercise this right.** 

If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in the AB Plan, we reduce your Account Value by the amount of the withdrawal and your GLB amount proportionally.

For a further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

**ALL OF THE FOLLOWING EXAMPLES ARE BASED UPON THE ASSUMPTION YOU ELECTED SECURED RETURNS 2 ON JANUARY 1, 2005 WITH AN INITIAL PURCHASE PAYMENT OF $100,000. YOUR INITIAL GLB AMOUNT EQUALS YOUR PURCHASE PAYMENT AMOUNT OF $100,000.** 

**EXAMPLE 1: Low investment performance; no WB election.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB plan at any time and that your Designated Fund had low investment performance. Since your Account Value was below the GLB amount of $100,000 from January 1, 2010 through January 1, 2015, the step-up feature is not available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2015, your Account Value is $85,000. Assume that your total rider charges to date are $4,625.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Since your Account Value is less than your GLB amount by $15,000, an amount equal to $15,000 will be deposited into your Contract ($100,000 - $85,000).

**EXAMPLE 2: Low investment performance; no WB election; step-up elected.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB plan at any time and that your Designated Fund had low investment performance. However, assume that your Account Value was $150,000 on January 1, 2010. Since this amount is greater than your GLB amount, you may step-up to a new 10 year period, with a new GLB amount of $150,000. Assume that you do elect to step-up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your new GMAB rider maturity date is now January 1, 2020 (ten years after the date of the step-up). Assume that on January 1, 2020, your Account Value is $130,000. Assume that your total rider charges to date are $10,125.

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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;● Since your Account Value is lower than your stepped-up GLB by $20,000, an amount equal to $20,000 will be deposited into your Contract ($150,000 - $130,000).

**EXAMPLE 3: High investment performance; no WB election; refund applies.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB plan at any time and that your Designated Fund had high investment performance. Assume that your Account Value was $150,000 on January 1, 2010. Since this amount is greater than your GLB amount, you may step-up to a new 10-year period, with a new GLB amount of $150,000. Assume that you do not elect to step-up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2015, your Account Value is $200,000. Assume that your total rider charges to date are $7,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because your Account Value is greater than the GLB amount of $100,000, your account will be credited with the amount of your rider charges, increasing your Account Value to $207,500.

**EXAMPLE 4: Low investment performance; WB election.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you elect the WB plan at the beginning of the second Account Year and then choose to systematically withdraw the maximum WB amount (i.e., 7% of the $100,000 remaining GLB amount, or $7,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2006, your remaining GLB amount will be $93,000. Assume that, on this date, your Account Value is $91,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2007, your remaining GLB amount will be $86,000. Assume that, on this date, your Account Value is $80,000. The $7,000 withdrawals continue for seven more years. Assume that from January 1, 2010 through December 31, 2014, your Account Value is less than your remaining GLB amount. Therefore, the step-up feature is not available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2014, your remaining GLB amount will be $37,000. Assume that, on this date, your Account Value is $0.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● These withdrawals of $7,000 continue until the remaining GLB amount runs out in year 2020. At that time, Secured Returns 2 terminates.

**EXAMPLE 5: High investment performance; WB election; step-up elected.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you elect the WB plan at the beginning of the second Account Year and then choose to systematically withdraw the maximum WB amount (i.e., 7% of the $100,000 remaining GLB amount, or $7,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2006, your remaining GLB amount will be $93,000. Assume that, on this date, your Account Value is $95,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2007, your remaining GLB amount will be $86,000. Assume that, on this date, your Account Value is $90,000. The $7,000 withdrawals continue for two more years. Assume that on January 1, 2010, your Account Value is $80,000 and your remaining GLB amount is $72,000. Since your Account Value is greater than your remaining GLB amount, you may step-up your remaining GLB amount to $80,000. Assume you elect to step-up. Your maximum WB amount is calculated as 7% of $80,000 = $5,600. However, since this is less than your current maximum WB amount of $7,000, your maximum WB amount will remain at $7,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you continue to withdraw $7,000 per year for four more years. On December 31, 2013, your remaining GLB amount will be $52,000. Assume that, on this date, your Account Value is $56,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● These $7,000 withdrawals continue. On December 31, 2020, the remaining GLB amount equals $3,000. Assume that, on this date, your Account Value equals $20,000.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you withdraw $3,000 on February 12, 2021. At this time, the remaining GLB amount is reduced to zero and Secured Returns 2 terminates and the annual fee stops. However, because there is a remaining Account Value, the Contract continues.

**EXAMPLE 6: Withdrawals under the AB Plan; low investment performance.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB plan at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2006, you withdraw 10% of your Account Value of $110,000 (or $11,000). Your Account Value is now $99,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 1, 2006, your GLB amount will be reset to $90,000 (the previous GLB amount reduced proportional to the amount of Account Value withdrawn).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you make no more withdrawals or Purchase Payments and that your Account Value on January 1, 2015 is $87,000. Assume that your total rider charges to date are $4,710.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Since your Account Value is less than your GLB amount by $3,000, an amount equal to $3,000 will be deposited into your Contract ($90,000 - $87,000).

**EXAMPLE 7: Withdrawals under the WB Plan; low investment performance.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you elect the WB plan at the beginning of your second Account Year. The maximum WB amount would be $7,000 (i.e., 7% of the $100,000 remaining GLB amount). However, assume no withdrawals are made. On July 1, 2006, assume that your Account Value is $95,000. The remaining GLB amount is still $100,000, and the maximum WB amount is still $7,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you make a withdrawal of $5,000 on September 3, 2006. Your remaining GLB amount is now $95,000. Assume that your Account Value is now $88,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you make another withdrawal of $5,000 on April 5, 2007. This is now a new Account Year, so the maximum WB amount has not been exceeded yet. Your remaining GLB amount is now $90,000. Assume that your Account Value is now $80,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you make another withdrawal of $5,000 on September 18, 2007. Your total withdrawals in the current Account Year are now $10,000 and exceed the WB maximum of $7,000. Assume that your Account Value is $79,000 just before the withdrawal and $74,000 just after the withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because your withdrawals exceeded the maximum WB amount, your remaining GLB amount is reduced to the lesser of your previous remaining GLB amount reduced dollar for dollar for the withdrawal ($90,000 - $5,000), and your current Account Value ($74,000). Therefore, your new remaining GLB amount is $74,000. Your maximum WB amount is reduced so that the date on which the remaining GLB expires will be the same date it would have expired had the maximum WB been withdrawn every year (i.e., ($90,000 - $2,000) ÷ $7,000 = 12.57 years). Thus the new maximum WB amount becomes $5,887 ($74,000 ÷ 12.57).

**EXAMPLE 8: Withdrawals under the WB Plan; high investment performance; step-up elected.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you elect the WB plan at the beginning of your second Account Year. The maximum WB amount would be $7,000 (i.e., 7% of the $100,000 remaining GLB amount). However, assume you make no withdrawals. On February 1, 2010, assume that your Account Value is $124,000. Since your Account Value is greater than your remaining GLB amount, you may step-up your remaining GLB amount to $124,000. Assume that you do not step-up. Your remaining GLB amount is still $100,000, and the maximum WB amount is still $7,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on March 3, 2010, your Account Value is now $125,000. You now make a withdrawal of $5,000. Your remaining GLB amount is now $95,000. Your Account Value is now $120,000. Since your Account Value is greater than your remaining GLB amount, you may step-up your remaining GLB amount to $120,000. Assume that you do step-up. Your maximum WB amount is calculated as 7% of $120,000 = $8,400. Since this is greater than your current maximum WB amount of $7,000, your maximum WB amount increases to $8,400.

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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;● Assume that you wish to make another withdrawal on October 5, 2010. Because you have already withdrawn $5,000 in the current Account Year, you can withdraw $3,400 ($8,400 - $5,000) without exceeding your WB maximum. Assume that you withdraw this $3,400. Your remaining GLB amount is now $116,600 ($120,000 - $3,400). Assume that your Account Value is now $118,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 2, 2011 you begin a new Account Year. Therefore, you can withdraw $8,400 in this new Account Year without exceeding your WB maximum. Assume that you do withdraw $8,400 in this Account Year. On December 31, 2011, the remaining GLB amount equals $108,200. Assume that, on this date, your Account Value equals $110,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you continue to withdraw $8,400 each Account Year. On December 31, 2023, the remaining GLB amount equals $7,400. Assume that, on this date, your Account Value equals $30,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you withdraw $7,400 on March 12, 2024. At that time, the remaining GLB amount is reduced to zero and Secured Returns 2 terminates and the annual fee stops. However, because there is a remaining Account Value, the Contract continues.

**EXAMPLE 9: Withdrawals with Subsequent Purchase Payments under the AB Plan; low investment performance.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB Plan at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2010, you make an additional $80,000 Purchase Payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2010, your GLB amount is $168,000 [$100,000 + ($80,000 x 85%)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that, on June 1, 2011, you withdraw $40,000 and that your Account Value is $240,000 at this time. After the withdrawal, your Account Value is $200,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2011, your GLB amount is reset to $140,000. This equals the previous remaining GLB amount reduced proportional to the amount of Account Value withdrawn, or $168,000 x [1 - (40,000 ÷ 240,000)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you make no more withdrawals or Purchase Payments and that your Account Value on January 1, 2015, is $125,000. Assume that your total rider charges to date are $6,670.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Since your Account Value is less than your GLB amount by $15,000, an amount equal to $15,000 will be deposited into your Contract ($140,000 - $125,000).

**EXAMPLE 10: Step-up and Subsequent Purchase Payments under the AB Plan; high investment performance; step-up elected; refund applies.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB Plan at any time and that your Designated Fund had high investment performance. Assume that your Account Value is $150,000 on January 1, 2010. Since this amount is greater than your GLB amount, you may step-up to a new 10-year period, with a new GLB amount of $150,000. Assume that you do elect to step-up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2011, you make an additional $80,000 Purchase Payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 1, 2011, your GLB amount is $230,000 [$150,000 + ($80,000 x 100%)]. Since it has only been one year since the step-up was elected, the GLB amount is increased by 100% of the new Purchase Payment amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your new AB Plan maturity date is now January 1, 2020 (ten years after the date of the step-up). Assume that on January 1, 2020 your Account Value is $280,000. Assume that your total rider charges to date are $15,130.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because your Account Value is greater than the GLB amount of $230,000, your account will be credited with the amount of your rider charges, increasing your Account Value to $295,130.

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**EXAMPLE 11: Withdrawals with Subsequent Purchase Payments under the WB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you elect the WB plan at the beginning of the second Account Year and then choose to systematically withdraw the maximum WB amount (i.e., 7% of the $100,000 remaining GLB amount or $7,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 1, 2007, your remaining GLB amount will be $93,000. Assume that, on this date, your Account Value is $91,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 6, 2007, you make an additional Purchase Payment of $50,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your remaining GLB amount is reset to $143,000 ($93,000 + $50,000).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your maximum WB amount is reset to $10,500 [$7,000 + (7% x $50,000)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you increase your annual withdrawals to equal the maximum WB amount of $10,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 1, 2008, your remaining GLB amount is $132,500 ($143,000 - $10,500). Assume that you make no additional Purchase Payments and the maximum WB amount is withdrawn annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2016, your Account Value is $0. Your remaining GLB amount will be $48,500 [$132,500 - ($10,500 x 8 years)]. Withdrawals of $10,500 will continue until the remaining GLB amount runs out in year 2020. At that time, the Secured Returns 2 terminates.

**EXAMPLE 12: Calculation of explicit rider charges.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB plan at any time. Assume that your Account Value increases at an annual rate of 5% per year throughout the first ten years. Also assume that you do not elect to step-up at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On March 31, 2005, your Account Value before the charge for Secured Returns 2 is taken is $101,196.79. The charge deducted on March 31, 2005 is $126.50 ($101,196.79 x .00125). Therefore, your ending Account Value on March 31, 2005 is $101,070.29 ($101,196.79 - $126.50).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 30, 2005, your Account Value before the charge for Secured Returns 2 is taken is $102,307.23. The fee deducted on June 30, 2005 is $127.88 ($102,307.23 x .00125). Therefore, your ending Account Value on June 30, 2005 is $102,179.35 ($102,307.23 - $127.88).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On September 30, 2005, your Account Value before the charge for Secured Returns 2 is taken is $103,443.69. The fee deducted on September 30, 2005 is $129.30 ($103,443.69 x .00125). Therefore, your ending Account Value on September 30, 2005 is $103,314.39 ($103,443.69 - $129.30).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● This pattern continues until the maturity date for your Benefit of January 1, 2015. On that date, your Account will be credited with a payment. If your current Account Value is less than your current GLB amount, then your Account will be credited with the difference between these two amounts. If your current Account Value is greater than your current GLB amount, then your Account will be credited with the sum of all of Secured Returns 2 charges that have been made. Note that if Secured Returns 2 was revoked or cancelled before the maturity date for your Benefit of January 1, 2015, then no Secured Returns 2 credit will be made to your Account.

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**APPENDIX J -SECURED** <br> **RETURNS FOR LIFE PLUS**<sup>SM</sup>

**The optional living benefit known as Secured Returns for Life Plus ("Secured Returns for Life Plus," "Benefit," or "the rider") was available for Contracts purchased on or after April 11, 2006, and prior to February 17, 2009. The following information applies to your Contract if you elected to participate in Secured Returns for Life Plus. Secured Returns for Life Plus is no longer available for sale on new Contracts. Since we are no longer offering Secured Returns for Life Plus to new Owners, renewals are no longer available.** 

Secured Returns for Life Plus provides a guarantee of a return of your initial Purchase Payment (adjusted for subsequent Purchase Payments and withdrawals), during the accumulation period regardless of the investment performance of the Designated Funds, provided that you comply with certain requirements. The amount guaranteed can be greater than or less than your Account Value. The guaranteed amount can be paid out under a Guaranteed Minimum Accumulation Benefit ("AB") Plan, which provides for a return of your guaranteed amount on the AB Plan Maturity Date, or a Guaranteed Minimum Withdrawal Benefit ("WB") Plan, which provides for a return of your guaranteed amount through periodic withdrawals or, if you meet certain conditions, payments for life. **(You should note that the Benefit does not, in all cases, guarantee payments "for Life." Certain actions you take may reduce, and even terminate, your Benefit, including reducing your Account Value to zero and thereby terminating your Contract without value.)** 

In addition, Secured Returns for Life Plus includes a bonus feature (called the "Plus 5 Program") that may increase the guaranteed amount under the WB Plan provided no withdrawals are taken during an Account Year. These bonuses will not increase your guaranteed amount under the AB Plan. We will, however, keep track of any bonuses while you are in the AB Plan and apply them to the WB Plan, if and when you transfer into the WB Plan. The bonuses under the Plus 5 Program are discussed further in this Appendix under "Plus 5 Program."

We use the following definitions to describe how Secured Returns for Life Plus works:

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| | |
|:---|:---|
| **AB Plan Maturity Date:** | &nbsp;&nbsp;&nbsp;&nbsp; The date when the AB Plan matures. If you are younger than 85 on the <br> Issue Date, your AB Plan Maturity Date is the later of your 10th <br> Account Anniversary or 10 years from the date of your last step-up. <br> (See "Step-Up.") If you are 85 on the Issue Date, your AB Plan <br> Maturity Date is your Maximum Annuity Commencement Date.<br>|
| **Plus 5 Period:** | &nbsp;&nbsp;&nbsp;&nbsp; The period of time equal in length to the first 10 Account Years; or, if <br> less than 10 years, the period of time up to the Account Year in which <br> the oldest Participant attains age 80.<br>|
| **Bonus Base:** | &nbsp;&nbsp;&nbsp;&nbsp; An amount that is equal to the initial Purchase Payment on the date the <br> Contract is issued, and later is adjusted for any subsequent Purchase <br> Payments, step-ups, and partial withdrawals made during the Plus 5 <br> Period.<br>|
| &nbsp;&nbsp; **Guaranteed Living Benefit Amount**<br> **(the "GLB amount"):**<br>| &nbsp;&nbsp;&nbsp;&nbsp; The minimum amount guaranteed under the Contract while you are <br> participating in the AB Plan. The GLB amount is initially equal to your <br> initial Purchase Payment, which is adjusted for any subsequent <br> Purchase Payments, step-ups, and partial withdrawals. The GLB <br> amount is also used to set the RGLB amount on the date you elect the <br> WB Plan.<br>|
| &nbsp;&nbsp; **Remaining Guaranteed Living Benefit**<br> **Amount (the "RGLB amount"):**<br>| &nbsp;&nbsp;&nbsp;&nbsp; The minimum amount guaranteed if you elected the WB Plan. The <br> RGLB amount equals the GLB amount plus any accrued bonus amount <br> on the date you choose to participate in the WB Plan. This amount will <br> be adjusted for subsequent Purchase Payments, step-ups, bonus <br> amounts, and partial withdrawals.<br>|

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| | |
|:---|:---|
| &nbsp;&nbsp; **Guaranteed Living Benefit Base**<br> **(the "GLB Base"):**<br>| &nbsp;&nbsp;&nbsp;&nbsp; A value equal to the RGLB amount on the date you elect to participate <br> in the WB Plan. The GLB Base is adjusted later for any subsequent <br> Purchase Payments, step-ups, bonus amounts, and partial withdrawals. <br> The GLB Base is used to establish the Maximum WB Amount.<br>|
| **Lifetime Income Base:** | &nbsp;&nbsp;&nbsp;&nbsp; A value equal to the RGLB amount on the WB Plan election date, if <br> you are age 60 or older on said date. A value equal to the RGLB <br> amount on the Account Anniversary on or immediately following your <br> 59th birthday, if you are less than age 60 on the WB Plan election date. <br> The Lifetime Income Base is adjusted later for any subsequent <br> Purchase Payments, step-ups, bonus amounts, and partial withdrawals. <br> The Lifetime Income Base is used to establish the Maximum WB for <br> Life Amount.<br>|
| **Maximum WB Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; The maximum guaranteed amount available for annual withdrawal <br> until your RGLB amount has been reduced to zero. The annual <br> Maximum WB Amount is equal to 5% of the GLB Base.<br>|
| **Maximum WB For Life Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; The maximum guaranteed amount available for annual withdrawal <br> during your lifetime. The Maximum WB for Life Amount is equal to <br> 4% or 5% of the current Lifetime Income Base depending upon the age <br> of the Participant on the date of the first withdrawal under the WB Plan <br> or most recent Step-Up Date. If your Contract is co-owned, the age of <br> the oldest Participant will be used to determine the Maximum WB for <br> Life Amount**. (You should be aware that the Maximum WB for Life** <br> **Amount is not a guaranteed amount. Certain actions you take** <br> **could reduce the value of your Maximum WB for Life Amount to** <br> **zero.)**<br>|
| **You and Your:** | &nbsp;&nbsp;&nbsp;&nbsp; Under this optional living benefit, the terms "you" and "your" refer to <br> the oldest Participant or the surviving spouse of the oldest Participant <br> as described under "Death of Participant Under the AB Plan" and <br> "Death of Participant Under the WB Plan." In the case of a non-natural <br> Participant, these terms refer to the oldest Annuitant.<br>|

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We also use the following acronyms when discussing the features of Secured Returns for Life Plus:

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| | |
|:---|:---|
| **WB Plan** | Guaranteed Minimum Withdrawal Benefit Plan |
| **AB Plan** | Guaranteed Minimum Accumulation Benefit Plan |
| **GLB Amount** | Guaranteed Living Benefit Amount |
| **RGLB Amount** | Remaining Guaranteed Living Benefit Amount |
| **Maximum WB Amount** | Maximum Guaranteed Minimum Withdrawal Benefit Amount |
| **Maximum WB for Life Amount** | Maximum Guaranteed Minimum Withdrawal Benefit for Life Amount |

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To participate in Secured Returns for Life Plus, all of your Account Value must be invested in a Designated Fund at all times during the term of the plan: a 10-year period under the AB Plan or, if you elected the WB Plan, until the RGLB amount is reduced to zero and the Lifetime Income Base is zero. The only Funds, dollar-cost averaging program options, and asset allocation models that currently qualify as Designated Funds are listed in the section entitled "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

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When you elected to participate in Secured Returns for Life Plus, you are automatically enrolled in the AB Plan. **At any time, you may elect instead to receive your benefits under the WB Plan, provided that you make the election prior to the earliest of the date your AB Plan matures, the Contract's Maximum Annuity Commencement Date, and the date you annuitize.** Once you elect to participate in the WB Plan, you may not change your election to the AB Plan. **If you do not specifically elect the WB Plan, you will be deemed to have elected to remain in the AB Plan.** 

**Guaranteed Minimum Accumulation Benefit ("AB") Plan** 

Under its terms, the AB Plan matures on the AB Plan Maturity Date. On that date, we will credit your Account Value with any excess of your GLB amount over your Account Value after adjusting for any Contract charges or credits. Any such amount will be allocated to the Designated Fund in which you are invested at that time.

Your GLB amount and your Bonus Base are equal to the sum of 100% of your initial Purchase Payment plus a specified percentage of any subsequent Purchase Payments, adjusted in amount for step-ups (described in this Appendix under "Step-Up") and partial withdrawals. If you make one or more subsequent Purchase Payments during the 10-year period, the period will not restart. Rather, the percentage of guaranteed return for each subsequent Purchase Payment after the second Account Anniversary will be reduced depending upon the Account Year in which it was made, as follows:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Account Year in which**<br> **Purchase Payment was made**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percentage added to the**<br> **GLB amount and to the Bonus Base**<br>|
| 1 - 2 | 100% |
| 3 - 5 | 85% |
| 6 - 8 | 70% |
| 9 - 10 | 60% |

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**Note that the timing and amount of subsequent Purchase Payments and withdrawals may significantly affect the total Secured Returns for Life Plus Benefit. In particular, Purchase Payments made after the second Account Year may significantly reduce the value of this Benefit to you.** 

If your Account Value is greater than your GLB amount on the AB Plan Maturity Date, we will credit your Account Value with an amount equal to the charges you paid for Secured Returns for Life Plus. (See "Refund of Secured Returns for Life Plus Charges Under the AB Plan" in this Appendix.) For examples of how we calculate benefits under the AB Plan, see Examples 1 and 2 in this Appendix.

**Guaranteed Minimum Withdrawal Benefit ("WB") Plan** 

Under the terms of the WB Plan, you are guaranteed a return of your RGLB amount even if your Account Value becomes zero. Each Account Year during which the WB Plan is in effect, you can withdraw up to your Maximum WB Amount until your RGLB amount has been depleted. Once the RGLB amount is reduced to zero, your GLB Base is permanently set to zero as well. However, if you exceed your Maximum WB Amount in any one Account Year, your RGLB and future guaranteed withdrawals will be reduced in the manner described in this Appendix under "Withdrawals Under Secured Returns for Life Plus."

The WB Plan also guarantees that, if you have chosen the WB Plan and if you are age 60 or older, you can withdraw up to your Maximum WB for Life Amount every Account Year that you are alive, even if your Account Value has been depleted. If you are younger than age 60, you may withdraw up to your Maximum WB for Life Amount every Account Year after your first Account Anniversary following your 59th birthday. If you exceed your Maximum WB for Life Amount in any one Account Year, the amount of your subsequent guaranteed lifetime withdrawals will be reduced in the manner discussed in this Appendix under "Withdrawals Under Secured Returns for Life Plus."

Your Guaranteed Living Benefit Base is also set equal to the RGLB amount on the date you elect to participate in the Guaranteed Minimum Withdrawal Benefit Plan. Your **Maximum WB Amount** is a set dollar amount equal to 5% of your GLB Base. On the day you elect to participate in the WB Plan, we set your RGLB amount to equal your GLB amount as

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described above under "Guaranteed Minimum Accumulation Benefit ("AB") Plan" plus any accrued bonuses. This value is used to determine your Maximum WB for Life Amount as discussed further below.

To calculate your **Maximum WB for Life Amount**, we must first determine your Lifetime Income Base. The **Lifetime Income Base** is an amount equal to the RGLB amount on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the date you elected to participate in the WB Plan if you are age 60 or older on that date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your first Account Anniversary after your 59th birthday, if you are 59 or younger on the date you elect to participate in the WB Plan.

The Maximum WB for Life Amount will then be calculated, based upon your age on the date of the first withdrawal under the WB Plan, as follows:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Your Age on Date of First**<br> **Withdrawal under WB Plan**<br>| **Maximum WB for Life Amount** |
| 65 or older | 5% of the Lifetime Income Base |
| 64 or younger | 4% of the Lifetime Income Base |

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You are not required to make any withdrawals after you have elected the WB Plan; however, each time you make a withdrawal, we determine whether the withdrawal has exceeded the Maximum WB Amount, the Maximum WB for Life Amount, or both. If you have exceeded the Maximum WB Amount or the Maximum WB for Life Amount, we determine the ***new*** maximum amount(s) for future withdrawals. **In any one Account Year, withdrawals in excess of your Maximum WB Amount or your Maximum WB for Life Amount may reduce or eliminate your future guaranteed withdrawals, possibly reducing the guaranteed minimum withdrawal benefit to an amount less than the sum of your Purchase Payments.** (See "Withdrawals Under Secured Returns for Life Plus" in this Appendix.)

Provided your RGLB amount and Account Value have not been reduced to zero, any Purchase Payment made after you have elected the WB Plan, and before your fourth Account Anniversary, will increase your RGLB amount, your GLB Base, your Bonus Base, and your Lifetime Income Base each by 100% of such Purchase Payment. Therefore, your Maximum WB Amount will equal 5% of your new GLB Base. Your Maximum WB for Life Amount will equal 4% or 5% of your new Lifetime Income Base, depending upon your age on the date of your first withdrawal under the WB Plan as shown in the above chart or your most recent "Step-Up Date," described in this Appendix under "Step-Up." **Under the WB Plan, after your fourth Account Anniversary, you may not make any additional Purchase Payments unless your Benefit under the rider has been cancelled, terminated, or revoked.** After the fourth Account Anniversary, any Purchase Payments you submit while participating in the WB Plan will be returned to you.

For examples of how we calculate benefits under the WB Plan, see Examples 5 and 6 in this Appendix.

***Plus 5 Program*** 

The Plus 5 Program gives you the opportunity to increase your Secured Returns for Life Plus Benefit if you defer taking withdrawals. That is to say, if you have selected the Benefit and you do not take any withdrawals in the early Account Years, you will be able to take larger withdrawals in the later Account Years. Under Secured Returns for Life Plus, the Plus 5 Program is automatically available to you during your first 10 Account Years (the "Plus 5 Period"). However, if you are 70 or older on the Issue Date, the Plus 5 Period ends on your 80th birthday. Under the Plus 5 Program, if you do not take any withdrawals during any one or more Account Years, we will automatically calculate a bonus based upon your initial Purchase Payment (the "Bonus Base") and adjusted for additional Purchase Payments, step-ups, and partial withdrawals. Although we *calculate* the amount of your bonus each year regardless of whether you are participating in the AB Plan or the WB Plan, **you can benefit from any bonus amount only if you choose to participate in the WB Plan**, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● ***Assume you are participating in the AB Plan.*** Under this Plan, you only have the ***potential*** for increasing the amount of your withdrawals in later Account Years. For each year you do not take a withdrawal during the Plus

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5 Period, we will calculate a bonus equal to 5% of your Bonus Base and add it to an existing accrued bonus amount. The bonuses you earn will accumulate but will not increase your Account Value, your GLB amount, or any guarantee payments you receive under the AB Plan. If you choose to switch to the WB Plan, that potential for larger withdrawals will be realized. When you switch to the WB Plan, we will set your RGLB amount to equal your GLB amount ***plus*** any bonuses accumulated under your Contract while you were participating in the AB Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● ***Assume you are participating in the WB Plan.*** Under this Plan, the potential for larger withdrawals will be realized. Each year you do not take a withdrawal during the Plus 5 Period, we will not only calculate a bonus equal to 5% of your Bonus Base, but we will add that bonus to your RGLB amount on your Account Anniversary (prior to calculating your new GLB Base or Lifetime Income Base). In this way, your withdrawals under the WB Plan will be larger in the later years than they would have been without the Plus 5 Program. Each time we add a bonus to the RGLB amount, we will also recalculate your GLB Base and Lifetime Income Base as described below.

After the addition of any bonus, your new GLB Base will be the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your GLB Base prior to the addition of the amount of any bonus, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your RGLB amount after the addition of any applicable bonus.

If your age is within our age limitations, we will calculate a new Lifetime Income Base. Your new Lifetime Income Base will be equal to the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Lifetime Income Base prior to the addition of the bonus amount, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your RGLB amount after the addition of the bonus amount, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your previous Lifetime Income Base plus the addition of any bonus amount.

While you are participating in the AB Plan during the Plus 5 Period, any bonuses that apply to your Contract will only accumulate and will not increase your GLB amount or any guarantee payments you receive under the AB Plan. However, for each Account Year that you do not take a withdrawal during the Plus 5 Period, the bonus will be calculated and added to the existing accrued bonus amount. **Before taking a withdrawal during the Plus 5 Period, you should carefully consider the negative effect this will have on your Plus 5 bonuses.** 

When and if you elect to participate in the WB Plan, your RGLB amount is set equal to your GLB amount plus any bonuses accumulated under your Contract while you were participating in the AB Plan. Your accrued bonus amount will then be set at zero. Any future bonus amounts, if applicable, while you are participating in the WB Plan, will be added each year, as described above.

Bonuses under the Plus 5 Program do not increase your Account Value; you can benefit from any such bonus only if you choose the WB Plan.

**Cost of Secured Returns for Life Plus** 

Unlike other Contract charges, the charge for Secured Returns for Life Plus will not be calculated as a percentage of average daily net assets as described under "Variable Accumulation Unit Value" in the prospectus to which this Appendix is attached. Instead, the charge for the Benefit will be made as a specific deduction from the Account Value, taken on the last valuation day of the Account Quarter. The charge per year for Secured Returns for Life Plus is currently equal to 0.50% of your Account Value. The quarterly charge will be determined by multiplying the Account Value at the end of the Account Quarter by 0.125%. (See Example 18 in this Appendix.) The specific amount of the quarterly charge will be reflected on your quarterly account statement. The maximum charge you can pay for Secured Returns for Life Plus in any one Account Year is equal to 0.50% of the highest Account Value at any point in that Account Year.

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We will continue to deduct this charge until:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you annuitize or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● under the provisions of Secured Returns for Life Plus:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Benefit matures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Benefit is revoked (see "Revocation of Secured Returns for Life Plus" in this Appendix); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your RGLB amount and your Lifetime Income Base are both reduced to zero under the WB Plan.

**Cancellation of the Benefit (caused by a transfer out of the Designated Fund, a Purchase Payment allocation to a non-Designated Fund, or an assignment) will not terminate the charge, until the 7th Account Anniversary.** (See "Cancellation of Secured Returns for Life Plus" in this Appendix.)

**Withdrawals Under Secured Returns for Life Plus** 

All withdrawals under Secured Returns for Life Plus are subject to withdrawal charges if they are in excess of your annual free withdrawal amount. (See "*Free Withdrawal Amount*" under "Withdrawal Charge" in the prospectus to which this Appendix is attached) In addition, any withdrawals you take under Secured Returns for Life Plus may reduce the value of your Benefit under the rider. Such withdrawals affect your Benefit differently depending upon whether you are participating in the AB Plan or the WB Plan. **In either case, however, a withdrawal may reduce the value of the Benefit by an amount greater than the amount of the withdrawal.** 

***Assume you are participating in the AB Plan.*** Any withdrawals you make will reduce the dollar value of your Benefit under this rider proportionally to the amount withdrawn. For example, after a partial withdrawal, the new GLB amount will equal

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| | | |
|:---|:---|:---|
| old GLB amount | x | Account Value immediately after partial withdrawal |
| old GLB amount | x | Account Value immediately before partial withdrawal |

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Therefore, on your AB Maturity Date, instead of crediting your Account Value with the full amount of your Benefit, we will reduce the amount we credit proportionally to the amount withdrawn.

You should be aware that, if your Account Value is less than the amount of your Benefit at the time a withdrawal is taken, your GLB amount will be reduced by an amount equal to or more than the amount withdrawn. Thus, withdrawals taken in a down market could severely reduce, and even terminate, your benefits under Secured Returns for Life Plus, including reducing your Account Value to zero and thereby terminating your Contract without value.

We will also proportionally reduce your Bonus Base and any accrued bonuses using a similar calculation. (See Example 3 in this Appendix.) However, as discussed in detail in this Appendix under "Plus 5 Program," even though the Bonus Base and accrued bonuses are calculated while you are in the AB Plan, you can benefit from any bonus amount only if you choose to participate in the WB Plan.

***Assume you are participating in the WB Plan and you want to receive the full amount of your guaranteed benefit over a period of years.*** To maximize your guaranteed benefit, you may withdraw no more than a specified amount each year. In other words, each year, you may withdraw no more than your Maximum WB Amount. Your guaranteed benefit amount (the RGLB amount) will be reduced by the amount of the withdrawal, but your Maximum WB Amount will remain unchanged. In other words, you will be able to take the same maximum amount each year until your guaranteed benefit amount is completely withdrawn.

If, however, in any one Account Year, you withdraw more than the current Maximum WB Amount, the dollar value of your guaranteed benefits will be reduced and the amount of each future annual guaranteed withdrawal will be less. You should be aware that, if you withdraw more than your Maximum WB Amount at time when your Account Value is less than the amount of your Benefit, your RGLB amount will be reduced by an amount equal to or more than the excess

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amount withdrawn. Thus, withdrawals taken in a down market could severely reduce, and even terminate, your benefits under Secured Returns for Life Plus, including reducing your Account Value to zero and thereby terminating your Contract without value.

Here is how we calculate the benefit reduction. Your new RGLB amount will be the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your previous RGLB amount, reduced by the amount of the withdrawal, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value after the withdrawal.

Your new GLB Base will be the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your previous GLB Base reduced by the amount of the withdrawal in excess of the Maximum WB Amount, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value after the withdrawal.

Your new Bonus Base will be the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your previous Bonus Base reduced by the amount of the withdrawal in excess of the Maximum WB Amount, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value after the withdrawal.

Your ***new*** Maximum WB Amount will be 5% of your ***new*** reduced GLB Base. Going forward, this will be the maximum amount that you can withdraw annually without further reducing your Benefit.

The Maximum WB Amount is not cumulative. If you withdraw less than the Maximum WB Amount in any one Account Year, you cannot add that unused portion to withdrawals made in future years to increase the Maximum WB Amount.

***Assume you are participating in the WB Plan and you want to receive a guaranteed annual amount for the rest of your life.*** To maximize your guaranteed benefit, you may withdraw no more than a specified amount each year. Under this scenario, you may withdraw no more than your Maximum WB for Life Amount. Your guaranteed benefit amount (the RGLB amount) will be reduced by the amount of such withdrawals, but your Maximum WB for Life Amount will remain unchanged. In other words, you will be able to take the same maximum amount each year as long as you are alive, subject to the other terms and conditions described herein.

If, however, in any one Account Year, you withdraw more than the current Maximum WB for Life Amount, the dollar value of your guaranteed benefits will be reduced and the amount of each future annual guaranteed withdrawal will be less. Here is how we calculate the benefit reduction. Your new Lifetime Income Base will be the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your previous Lifetime Income Base reduced by the amount of the withdrawal in excess of the Maximum WB for Life Amount, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Account Value after the withdrawal.

Your ***new*** Maximum WB for Life Amount will be determined based upon your age on the date of the first withdrawal under the WB Plan (or your age on the most recent "Step-Up Date," if later) as follows:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Your Age on the later of Date of First**<br> **Withdrawal under WB Plan**<br> **or Most Recent Step-Up Date**<br>| *New* Maximum WB for Life Amount |
| 65 or older | 5% of the ***new*** Lifetime Income Base |
| 64 or younger | 4% of the ***new*** Lifetime Income Base |

---

The Maximum WB for Life Amount is not cumulative. That is to say, the unused portion in any Account Year cannot be applied in future years to increase the Maximum WB for Life Amount.

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In general when participating in the WB Plan, you should keep the following in mind:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **A withdrawal in excess of the Maximum WB Amount or the Maximum WB for Life Amount might reduce or even terminate your Secured Returns for Life Plus Benefits, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If your Account Value drops to zero and, in the same year, you withdraw more than your Maximum WB Amount or your Maximum WB for Life Amount, your benefits under Secured Returns for Life Plus will terminate and your Contract will terminate without value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If your Account Value drops to zero but you did not, in the same year, withdraw more than your Maximum WB Amount or your Maximum WB for Life Amount, your benefits under Secured Returns for Life Plus will continue. However, no subsequent Purchase Payment will be accepted, no death benefit or annuity benefits will be payable, and all benefits under your Contract, except the right to continue annual withdrawals under this rider, will terminate. You will have two choices:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) You could choose to receive the Maximum WB for Life Amount, if any, until you die. In that case, after your death, your Beneficiary receives the Maximum WB Amount until the RGLB amount, if any, is reduced to zero (if the Contract is a Qualified Contract, and the Beneficiary is not your surviving spouse, or otherwise exempted under Federal Tax Laws, the RGLB amount must be fully distributed by December 31st of the tenth year after your death); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) You (or your Beneficiary if you have died) could choose to receive the Maximum WB Amount until the RGLB amount, if any, is reduced to zero (if the Contract is a Qualified Contract, and the Beneficiary is not your surviving spouse, or otherwise exempted under Federal Tax Laws, the RGLB amount must be fully distributed by December 31st of the tenth year after your death.)

If you do not make a choice, we will default you to option 1.

For examples showing how withdrawals affect your benefits under the WB Plan, see Examples 5 through 7 and Examples 11 and 12 in this Appendix.

**Annuitization Under the WB Plan** 

Under the WB Plan, if your Account Value is greater than zero on the Maximum Annuity Commencement Date, you may annuitize your Contract rather than receiving periodic payments under the WB plan. If no prior election to annuitize is on file with the Company, on the Maximum Annuity Commencement Date you may elect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● annuitize the Contract as described under "THE INCOME PHASE - ANNUITY PROVISIONS" in the prospectus to which this Appendix is attached;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● surrender your Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● receive the Maximum WB Amount each year until the RGLB amount is reduced to zero; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● receive the Maximum WB for Life Amount each year until a Participant dies and, thereafter, allow the Beneficiary to receive the Maximum WB Amount until the RGLB amount, if any, is reduced to zero (if the Contract is a Qualified Contract, and the Beneficiary is not your surviving spouse, or otherwise exempted under Federal Tax Laws, the RGLB amount must be fully distributed by December 31st of the tenth year after your death.)

**Regardless of whether you elect to annuitize, surrender or receive payments under the WB plan, all other Contract benefits, including the death benefit, will terminate on the Annuity Commencement Date. If you fail to make an election, we may automatically annuitize your Contract and provide a life annuity with 120 monthly payments certain.** Note that the Maximum Annuity Commencement Date permitted under this Contract is the first day of the month following the Annuitant's 95th birthday. See "Selection of Annuity Commencement Date" under "THE INCOME PHASE - ANNUITY PROVISIONS" in the prospectus to which this Appendix is attached.

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**Cancellation of Secured Returns for Life Plus** 

Transfers among the Designated Funds are permitted as described in the prospectus to which this Appendix is attached under "Transfer Privilege." **If, however, you transfer some or all of your Account Value out of the Designated Funds, the Secured Returns for Life Plus benefits will be automatically cancelled. Likewise, if you allocate one or more subsequent Purchase Payments to an investment option other than one of the Designated Funds, the Secured Returns for Life Plus benefits will be cancelled. A change of ownership of the Contract may also cancel Secured Returns for Life Plus**.

**Once Secured Returns for Life Plus has been cancelled, it cannot be reinstated.** After cancellation of the benefits, you *will continue* to pay the annual charge for Secured Returns for Life Plus until your 7th Account Anniversary.

**Revocation of Secured Returns for Life Plus** 

Any time after your 7th Account Anniversary, you may revoke Secured Returns for Life Plus. Once revoked, Secured Returns for Life Plus may not be reinstated. After Secured Returns for Life Plus has been revoked, all benefits and charges will end.

**Step-Up** 

On or after your first Account Anniversary, you may **elect** to increase your guaranteed amount to your then current Account Value. Currently, this step-up election may be made on **any day** after your first Account Anniversary. (We reserve the right to require step-up elections to occur only within 30 days following the first or any subsequent Account Anniversary.)

If you are participating in the AB Plan, on the day we receive your step-up election notice in Good Order (the "Step-Up Date"), we will increase your GLB amount and Bonus Base to an amount equal to your Account Value on the Step-Up Date, if eligible. If you elect to step-up, at least one full year from the Step-Up Date must pass before you can elect another step-up. You can only elect to step-up if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your current Account Value is greater than the current GLB amount, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value is $5,000,000 or less on your Step-Up Date.

If you are participating in the WB Plan on the Step-Up Date, we will step up your GLB Base, your Bonus Base, your RGLB amount, and your Lifetime Income Base to an amount equal to your Account Value on the Step-Up Date, if eligible. If you elect to step-up, at least one full year from the Step-Up Date must pass before you can elect another step-up. You can only elect to step-up if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your current Account Value is greater than the current GLB Base and greater than the current Lifetime Income Base, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value is $5,000,000 or less on your Step-Up Date.

For purposes of determining the above $5,000,000 limits, we reserve the right to aggregate your Account Value with the account values of all other Delaware Life variable annuity contracts you own.

If you are in the AB Plan, your Step-Up Date must be at least 10 years prior to your Maximum Annuity Commencement Date. If you have selected an Annuity Commencement Date that is prior to the Maximum Annuity Commencement Date ***but*** is less than 10 years after your Step-Up Date, we will automatically extend your Annuity Commencement Date to equal your AB Plan Maturity Date.

Without a step-up, your benefits under the AB Plan will "mature" on the 10th Account Anniversary (the date we credit your Account with any excess of your GLB amount over your Account Value or refund your Secured Returns for Life Plus charge, i.e. the "AB Plan Maturity Date"). If you elect to step-up your GLB amount, the term of your benefits under the AB Plan will change. After you make a step-up election, your benefits under the AB Plan will mature 10 years from

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the Step-Up Date, unless you elect the WB Plan any time before the AB Plan matures. (See Example 4 in this Appendix.) Accrued bonus amounts after step-up under the AB Plan will be equal to the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the accrued bonus amount before step-up less the difference between the GLB amount after and before step-up, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● zero.

Thus, a step-up while the AB Plan is in effect will cause a reduction in the amount of any accrued bonuses.

Following your step-up election, the rider fee will be changed to an amount equal to the Secured Returns for Life Plus fee charged on newly issued Contracts at that time. This fee may be higher than your current fee as set forth in this Appendix under "Cost of Secured Returns for Life Plus." If we are no longer issuing new Contracts with the Secured Returns for Life Plus Rider, then the rider fee after the step-up will be set by us, based upon current market conditions at the time of the step-up. Significant changes in stock market prices, interest rate fluctuations, and competitive industry trends are among the market conditions we consider in whether to change the fee.

If you have been receiving benefits under the WB Plan, a step-up will change your Maximum WB Amount and your Maximum WB for Life Amount. Your Step-Up Date must be a date prior to your Maximum Annuity Commencement Date. After the step-up, your Maximum WB Amount will be 5% of the new GLB Base, and your Maximum WB for Life Amount will be 4% or 5% of your new Lifetime Income Base depending upon your age. If you are 65 or older on the Step-Up Date and your Maximum WB for Life Amount has been equal to 4% of your GLB Base, your Maximum WB for Life Amount will be increased to 5% of your GLB Base. Note that, if you step-up in a particular Account Year, any withdrawals previously made in that Account Year are applied against your new Maximum WB Amount and your new Maximum WB for Life Amount. (See Example 8 in this Appendix.)

If your Benefit is under the AB Plan, at the time of step-up, you can still change to the WB Plan at a later date, subject to the applicable age restrictions described in this Appendix under "Guaranteed Minimum Withdrawal Benefit ('WB') Plan". (See Example 16 in this Appendix.)

**Subsequent Purchase Payments After a Step-Up** 

Under the WB Plan, any subsequent Purchase Payment will increase, by the full amount of the payment, the RGLB amount, the GLB Base, the Bonus Base, and the Lifetime Income Base, if applicable. After your fourth Account Anniversary, if you are participating in the WB Plan, subsequent Purchase Payments are not allowed.

Under the AB Plan, after your step-up election, any subsequent Purchase Payment will increase the GLB amount and the Bonus Base under your AB Plan by a specified percentage of the subsequent Purchase Payment. The percentage guaranteed depends upon the "Step-Up Year" in which the Payment was made. (A "Step-Up Year" is the 365-day period

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(366, if a leap year) commencing on your Step-Up Date.) The example below illustrates how we determine the percentage guaranteed after a subsequent Purchase Payment:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp; Assume you purchased a Contract on July 1, 2010, and elected to step-up your Contract on October 1, 2015. Under the <br> AB Plan that you have elected, your Benefit matures on October 1, 2025. For any subsequent Purchase Payments you <br> make into this Contract, your GLB amount and your Bonus Base would increase by the following percentages of such <br> Purchase Payments: | &nbsp;&nbsp; Assume you purchased a Contract on July 1, 2010, and elected to step-up your Contract on October 1, 2015. Under the <br> AB Plan that you have elected, your Benefit matures on October 1, 2025. For any subsequent Purchase Payments you <br> make into this Contract, your GLB amount and your Bonus Base would increase by the following percentages of such <br> Purchase Payments: | &nbsp;&nbsp; Assume you purchased a Contract on July 1, 2010, and elected to step-up your Contract on October 1, 2015. Under the <br> AB Plan that you have elected, your Benefit matures on October 1, 2025. For any subsequent Purchase Payments you <br> make into this Contract, your GLB amount and your Bonus Base would increase by the following percentages of such <br> Purchase Payments: |
| **Step-Up Year** | **Payments Made Between** | **Percentage Added to the**<br> **GLB amount and the Bonus Base**<br>|
| 1 | 10/02/15 - 10/01/16 | 100% |
| 2 | 10/02/16 - 10/01/17 | 100% |
| 3 | 10/02/17 - 10/01/18 | 85% |
| 4 | 10/02/18 - 10/01/19 | 85% |
| 5 | 10/02/19 - 10/01/20 | 85% |
| 6 | 10/02/20 - 10/01/21 | 70% |
| 7 | 10/02/21 - 10/01/22 | 70% |
| 8 | 10/02/22 - 10/01/23 | 70% |
| 9 | 10/02/23 - 10/01/24 | 60% |
| 10 | 10/02/24 - 10/01/25 | 60% |

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Thus, only 70% of a subsequent Purchase Payment made on October 2, 2020 would be guaranteed, whereas 85% of a subsequent Purchase Payment made on October 1, 2020 would be guaranteed. **It may be to your disadvantage to make any such Purchase Payments that increase the GLB amount by less than 100% of the payment.** 

**Refund of Secured Returns for Life Plus Charges Under the AB Plan** 

If your Contract remains in the AB Plan until the AB Plan Maturity Date, and the Account Value is greater than or equal to the GLB amount, then we will refund the charges you have paid for Secured Returns for Life Plus ("Refund Amount") by crediting the Refund Amount to your Account Value. The Refund Amount will be allocated to the Designated Fund in which you are invested on such AB Plan Maturity Date. **No refund of the Secured Returns for Life Plus charges will be made if you change from the AB Plan to the WB Plan**.

**Death of Participant Under the AB Plan** 

If any Participant dies while participating in the AB Plan, all benefits and charges under Secured Returns for Life Plus will automatically terminate when we receive Due Proof of Death, unless the surviving spouse is the sole Beneficiary and elects to continue the Contract. In that case, the surviving spouse has three options under the Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The spouse can automatically continue in the AB Plan even though the Account Value may have been enhanced under the provisions of the death benefit. (See "Spousal Continuance" under "DEATH BENEFIT" in the prospectus to which this Appendix is attached.) The charges under Secured Returns for Life Plus will be assessed against the enhanced Account Value. The GLB amount, however, will not be reset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The surviving spouse can elect to switch to the WB Plan; however, such election must be made prior to the earliest of annuitization, the Maximum Annuity Commencement Date, and the scheduled AB Plan Maturity Date. The same WB Plan benefits will apply, except the surviving spouse will not be entitled to receive lifetime withdrawal benefits under the original optional living benefit rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The surviving spouse can elect to participate in a new Secured Returns for Life Plus rider on the original Contract (assuming that the rider is available to new Participants at the time of election and the surviving spouse meets certain eligibility requirements) and, thus, be eligible to receive lifetime withdrawal benefits. If the surviving spouse makes such election: (a) the rider charge will be equal to the rider charge on newly issued Contracts; (b) the GLB amount and the Bonus Base will be equal to the Account Value after the death benefit

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has been credited; and (c) the spouse will be enrolled in the AB Plan. If the spouse elects to switch to the WB Plan, the GLB Base and the RGLB amount will be the GLB amount on the date the spouse elected to participate in the WB Plan. The Lifetime Income Base will be the RGLB amount on:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the date the surviving spouse elected to participate in the WB Plan, if the spouse is age 60 or older on that date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Account Anniversary after the surviving spouse reaches age 59, if the spouse is 59 or younger on the date of the WB Plan election.

If the Contract is not continued by the surviving spouse following a Participant's death while participating in the AB Plan, the Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

**Death of Participant Under the WB Plan** 

If any Participant dies while participating in the WB Plan, the Beneficiary may elect to exercise any of the available options under the Death Benefit provisions of the Contract or, alternatively, to receive the Maximum WB Amount on an annual basis until the RGLB amount has been reduced to zero (if the Contract is a Qualified Contract, and the Beneficiary is not your surviving spouse, or otherwise exempted under Federal Tax Laws, the RGLB amount must be fully distributed by December 31st of the tenth year after your death.) If the surviving spouse is the sole Beneficiary and elects to continue the Contract, the spouse has two additional options under the Contract:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The surviving spouse can automatically continue to participate in the WB Plan, but lifetime withdrawal benefits will not be available to the spouse. All other benefits under the WB Plan will continue, for the surviving spouse, even though the Account Value may have been enhanced under the provisions of the death benefit. (See "Spousal Continuance" under "DEATH BENEFIT" in the prospectus to which this Appendix is attached) The charges under Secured Returns for Life Plus will be assessed against the enhanced Account Value. The RGLB amount, however, will not be reset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The surviving spouse can elect to participate in a new Secured Returns for Life Plus benefit on the original contract (subject to the terms and conditions described above under "Death of Participant Under the AB Plan") and, thus, be eligible to receive lifetime withdrawal benefits.

**Certain Tax Provisions** 

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as Secured Returns for Life Plus. When you elect to participate in the WB Plan, we will inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit. To assist you in complying with the RMD requirements, each year, we will notify you in early January of your calculated Yearly RMD Amount and inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit.

In the event that your Yearly RMD Amount attributable to your Contract is greater than the maximum withdrawal amount permitted each year under the WB Plan, we are currently waiving withdrawal provisions under Secured Returns for Life Plus as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in the WB Plan, we reduce your Account Value and your RGLB amount, dollar for dollar, by the amount of the withdrawal. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than either your Maximum WB Amount, or your Maximum WB for Life Amount. In other words, we will not reduce your GLB Base, Lifetime Income Base, or Bonus Base, if a Yearly RMD Amount exceeds either your Maximum WB Amount or your Maximum WB for Life Amount, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that Amount until the first quarter of the next calendar year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in you receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

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**If there is any change to the current Code or IRS rules governing the timing or determination of RMD amounts (including, but not limited to, amendments to the current IRS regulations or the issuance of IRS guidance), then we reserve the right to reduce the GLB Base, Lifetime Income Base, Bonus Base, or all of these amounts, per the terms of the rider regarding Excess Withdrawals, when a Yearly RMD Amount withdrawn from your Contract exceeds either your Maximum WB Amount or your Maximum WB for Life Amount. Notice will be given to Contract Owners before we exercise this right.** 

If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in the AB Plan, we reduce your Account Value by the amount of the withdrawal and your GLB amount, Bonus Base and any accrued bonus amounts proportionally (see "Withdrawals Under Secured Returns for Life Plus" in this Appendix).

For a further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

**ALL OF THE FOLLOWING EXAMPLES ARE BASED UPON THE ASSUMPTION THAT YOU ELECTED SECURED RETURNS FOR LIFE PLUS ON JANUARY 1, 2007 WITH AN INITIAL PURCHASE PAYMENT OF $100,000. YOUR INITIAL GLB AMOUNT EQUALS YOUR PURCHASE PAYMENT AMOUNT OF $100,000.** 

**EXAMPLE 1: Calculation of Benefits under AB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Assume that you elect the AB plan. Your GLB amount at issue and your Bonus Base at issue are both equal to $100,000 (your Purchase Payment amount). Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, your accrued bonus amount is $5,000, which equals 5% of the Bonus Base. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your second Account Year. Therefore, on January 1, 2009, your accrued bonus amount is $10,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $5,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your third Account Year. Therefore, on January 1, 2010, your accrued bonus amount is $15,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $10,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain in the AB plan until it "matures" on January 1, 2017. Assume that you have taken no withdrawals since your contract was issued. Your accrued bonus amount is $50,000 ($5,000 per year for ten years). Since your rider has "matured" in the AB plan, the accrued bonus amount becomes $0. Assume that your Account Value on January 1, 2017 is $88,000. Since your Account Value is less than your GLB amount by $12,000, an amount equal to $12,000 will be deposited into your Contract ($100,000 - $88,000).

**EXAMPLE 2: Calculation of Benefits under AB Plan with Subsequent Purchase Payments; Refund Applies.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Assume that you elect the AB plan. Your GLB amount at issue and your Bonus Base at issue are both equal to $100,000 (your Purchase Payment amount). Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, your accrued bonus amount is $5,000, which equals 5% of the Bonus Base. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your second Account Year. Therefore, on January 1, 2009, your accrued bonus amount is $10,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $5,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on May 20, 2009, you make a Purchase Payment of $80,000. Since you are in your third Account Year, your GLB amount is increased by 85% of this Purchase Payment. Therefore, your new GLB amount is $168,000 (old GLB amount of $100,000 plus 85% of $80,000). Your new Bonus Base is also $168,000 (old Bonus Base of $100,000 plus 85% of $80,000). Your accrued bonus amount remains at $10,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your third Account Year. Therefore, on January 1, 2010, your accrued bonus amount is $18,400, which equals $8,400 (5% of the Bonus Base) plus your previous accrued bonus amount of $10,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $168,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain in the AB Plan until it "matures" on January 1, 2017. Assume that you have taken no withdrawals since your contract was issued. Your accrued bonus amount is $77,200 ($5,000 per year for two years plus $8,400 per year for eight years). Since your rider "matured" in the AB Plan, the accrued bonus amount becomes $0. Assume that your Account Value on January 1, 2017 is $200,000. Assume that the total rider charges you paid were $8,375.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Because your Account Value is greater than your GLB amount ($200,000 vs. $168,000), your Contract will be credited with an amount equal to the rider charges you have paid ($8,375), increasing your Account Value to $208,375.

**EXAMPLE 3: Withdrawals under AB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Assume that you elect the AB plan. Your GLB amount at issue and your Bonus Base at issue are both equal to $100,000 (your Purchase Payment amount). Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, your accrued bonus amount is $5,000, which equals 5% of the Bonus Base. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your second Account Year. Therefore, on January 1, 2009, your accrued bonus amount is $10,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $5,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on March 10, 2009 (in your third Account Year), your Account Value is $80,000. Also assume that you take a withdrawal of $10,000 on this date. Therefore, your ending Account Value on March 10, 2009 is $70,000. Your GLB amount, Bonus Base, and accrued bonus amount are reduced proportionally to the amount withdrawn. Therefore, your new GLB amount is $100,000 x ($70,000 ÷ $80,000) = $87,500. Your new Bonus Base is $100,000 x ($70,000 ÷ $80,000) = $87,500. Your new accrued bonus amount is $10,000 x ($70,000 ÷ $80,000) = $8,750.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no more withdrawals in your third Account Year. Therefore, on January 1, 2010, your GLB amount remains at $87,500, and your Bonus Base also remains at $87,500. Since you made a withdrawal in your third Account Year, you do not accrue a bonus amount in that Account Year. Therefore, your accrued bonus amount remains at $8,750.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your fourth Account Year. Therefore, on January 1, 2011, your accrued bonus amount is $13,125, which equals $4,375 (5% of the Bonus Base) plus your previous accrued bonus amount of $8,750. Since no withdrawals were been taken, your GLB amount and your Bonus Base both remain at $87,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain in the AB plan until it "matures" on January 1, 2017. Assume that you take no more withdrawals from your contract. Your accrued bonus amount is $39,375 ($8,750 total for the first two years plus $4,375 per year for seven years). Since your rider has "matured" in the AB plan, the accrued bonus amount becomes $0. Assume that your Account Value on January 1, 2017 is $80,000. Since your Account Value is less than your GLB amount by $7,500, an amount equal to $7,500 will be deposited into your Contract ($87,500 - $80,000).

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**EXAMPLE 4: Step-up elected under AB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Assume that you elect the AB plan. Your GLB amount at issue and your Bonus Base at issue are both equal to $100,000 (your Purchase Payment amount). Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, your accrued bonus amount is $5,000, which equals 5% of the Bonus Base. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your second Account Year. Therefore, on January 1, 2009, your accrued bonus amount is $10,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $5,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your third Account Year. Therefore, on January 1, 2010, your accrued bonus amount is $15,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $10,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2010 your Account Value is $118,000. Since you have passed your first Account Anniversary and have not stepped-up within the past year, and since your Account Value is greater than your GLB amount, you may elect to step up to a new ten year period, with a new GLB amount of $118,000. Assume that you do elect to step up. Your GLB amount is now equal to $118,000. Also, your Bonus Base is now equal to $118,000. Your AB plan "maturity date" is now January 1, 2020. Since your new GLB amount of $118,000 is greater than the sum of your old GLB amount of $100,000 plus your old accrued bonus amount of $15,000, your new accrued bonus amount is set equal to $0.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your fourth Account Year. Therefore, on January 1, 2011, your accrued bonus amount is $5,900, which equals $5,900 (5% of the Bonus Base) plus your previous accrued bonus amount of $0. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $118,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain in the AB plan until it "matures" on January 1, 2020. Assume that you have taken no withdrawals since your contract was issued. Your accrued bonus amount is $41,300 ($5,900 per year for seven years). Since your rider has "matured" in the AB plan, the accrued bonus amount becomes $0. Assume that your Account Value on January 1, 2020 is $112,000. Since your Account Value is less than your GLB amount by $6,000, an amount equal to $6,000 will be deposited into your Contract ($118,000 - $112,000).

**EXAMPLE 5: Calculation of Benefits under WB Plan; Early Withdrawals.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you are age 56 at issue. Also assume that you elect the WB plan on January 1, 2007, and that you choose to systematically withdraw the Maximum WB Amount annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 1, 2007:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $100,000 [the value of your RGLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is zero because you have not passed your first Account Anniversary after your 59th birthday.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is zero [4% of your Lifetime Income Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is $100,000 [the amount of your initial Purchase Payment]. Since you are taking withdrawals each Account Year, you do not receive any bonus credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2007, after your first systematic withdrawal of $5,000, your Maximum WB Amount:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is reduced by the amount of the withdrawal [$5,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your RGLB amount, reduced by the amount of the withdrawal, is $95,000 [$100,000 - $5,000].

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you did not withdraw more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is zero because you have not passed your first Account Anniversary after your 59th birthday.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is still $100,000 because you did not withdraw more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you take only systematic withdrawals of $5,000 for a total of 3 years. Assume you make no subsequent Purchase Payments. On December 1, 2009, you celebrate your 59th birthday. On January 1, 2010:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value has been reduced by the amount of the total withdrawals [$15,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your RGLB amount, reduced by the amount of the total withdrawal, is $85,000 [$100,000 - ($5,000 x 3)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you did not withdraw more than your Maximum WB Amount in any Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is set at $85,000 [an amount equal to the RGLB amount on your first Account Anniversary after your 59th birthday].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $3,400 [4% of your Lifetime Income Base because you are less than 65 years old].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is still $100,000 because you did not withdraw more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you elect to take only annual systematic withdraws of no more than your Maximum WB for Life Amount [$3,400] for an additional 20 years. Assume you make no subsequent Purchase Payments, and that your Account Value reduces to zero. On December 31, 2029:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your RGLB amount, reduced by the amount of the total withdrawals, is $17,000 [85,000 - ($3,400 x 20)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you did not withdraw more than the Maximum WB Amount in any Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is still $85,000 because you did not withdraw more than the Maximum WB for Life Amount in any Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is $0 because bonus credits may only be given in the first ten Account Years.

Even though your rights under the annuity Contract terminated when the Account Value became zero, we will continue to make payments to you. At this point, however, you must *choose between*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) withdrawing the Maximum WB for Life Amount each year until you die *or* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) withdrawing your Maximum WB Amount each year until your RGLB amount is reduced to zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you elect to take annual payments of your Maximum WB for Life Amount. Therefore you will continue to receive $3,400 per year as long as you are alive. If you die before your RGLB amount is reduced to $0, your beneficiary will receive $5,000 per year (your Maximum WB Amount) until your RGLB amount is reduced to zero.

**EXAMPLE 6: Calculation of Benefits under WB Plan with Subsequent Purchase Payments; Lifetime Withdrawals.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you are age 60 at issue. Also assume that you elect the WB plan on January 1, 2007, and that you choose to systematically withdraw the Maximum WB for Life Amount annually.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On January 1, 2007:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $100,000 [the value of your RGLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 [the value of your RGLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $4,000 [4% of your Lifetime Income Base because you are age 60].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is $100,000 [the amount of your initial Purchase Payment]. Since you are taking withdrawals each Account Year, you do not receive any bonus credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2007, after your first systematic withdrawal of $4,000:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is reduced by the amount of the withdrawal [$4,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your RGLB amount, reduced by the amount of the withdrawal, is $96,000 [$100,000 - $4,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you did not withdraw more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 because you did not withdraw more than your Maximum WB for Life Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is still $100,000 because you did not withdraw more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you take only annual systematic withdrawals of $4,000 for a total of 4 years. Assume you make a subsequent Purchase Payment of $50,000, in your 4th Account Year. Assume also that, immediately before the subsequent Purchase Payment, your Account Value was $80,000. On December 31, 2010:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your RGLB amount, reduced by the amount of the total withdrawals and increased by the subsequent Purchase Payment, is $134,000 [$100,000 - ($4,000 x 4) + $50,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base, increased by the subsequent Purchase Payment, is $150,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $7,500 [5% of your *new* GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base, increased by the subsequent Purchase Payment, is $150,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $6,000 [4% of your *new* Lifetime Income Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base, increased by the subsequent Purchase Payment, is $150,000.

You may increase your annual systematic withdrawals to $6,000 without any effect on your future lifetime benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you elect to take only annual systematic withdraws of no more than your Maximum WB for Life Amount [$6,000] for an additional 20 years. Assume you make no subsequent Purchase Payments, and that your Account Value reduces to zero. On December 31, 2030:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value equals zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your RGLB amount, reduced by the amount of the total withdrawals is $14,000 [$134,000 - ($6,000 x 20)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $150,000 because you did not withdraw more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $150,000 because you did not withdraw more than your Maximum WB for Life Amount in any Account Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is $0 because bonus credits may only be given in the first ten Account Years.

Even though your rights under the annuity Contract terminated when the Account Value became zero, we will continue to make payments to you. At this point, however, you must *choose between*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) withdrawing the Maximum WB for Life Amount each year until you die *or* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) withdrawing your Maximum WB Amount each year until your RGLB amount is reduced to zero.

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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;● Assume you elect to take annual payments of your Maximum WB for Life Amount of $6,000. Therefore, you will continue to receive $6,000 per year as long as you are alive. If you die before your RGLB amount is reduced to $0, your beneficiary will receive $7,500 per year (your Maximum WB Amount) until your RGLB amount is reduced to zero.

**EXAMPLE 7: Withdrawals under WB Plan Exceeding Maximum WB Amount.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you are age 63 at issue. Also assume that you elect the WB plan on January 1, 2007. Assume that your Designated Fund had poor investment performance, losing 2% a year over the course of the Contract. On January 1, 2007:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $100,000 [the value of your RGLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 [the value of your RGLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $4,000 [4% of your Lifetime Income Base because you are age 63].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is $100,000 [the amount of your initial Purchase Payment]. Since you are taking withdrawals each Account Year, you do not receive any bonus credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2007, after you take a withdrawal of $6,000, your Account Value is $92,000:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your RGLB amount is reduced to $92,000 [the lesser of (1) your current RGLB amount minus the withdrawal [$100,000-$6,000] and (2) your new Account Value [$92,000]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is reduced to $92,000 [the lesser of (1) your current GLB Base minus the excess withdrawal [$100,000 - ($6,000 - $5,000)] and (2) your new Account Value [$92,000]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is now $4,600 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is reduced to $92,000 [the lesser of (1) your current Lifetime Income Base minus the excess withdrawal [$100,000 - ($6,000 - $4,000)] and (2) your new Account Value [$92,000]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $3,680 [4% of your new Lifetime Income Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is reduced to $92,000 [the lesser of (1) your current Bonus Base minus the excess withdrawal [$100,000 - ($6,000 - $5,000)] and (2) your new Account Value [$92,000]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you make no subsequent Purchase Payments, but you take annual systematic withdrawals of $6,000 for a total of 13 years. Due to the of poor investment performance of your Designated Fund, your Account Value is now $7,609. Because you have taken withdrawals in excess of your Maximum WB Amount, your RGLB amount is also now $7,609. Because you have taken withdrawals in excess of your Maximum WB Amount, your GLB Base is also now $7,609. Your Maximum WB Amount is 5% of $7,609, or $380. Because you have taken withdrawals in excess of your Maximum WB for Life Amount, your Lifetime Income Base is also now $7,609. Your Maximum WB for Life Amount is 4% of $7,609, or $304. Your Bonus Base is $0 because bonus credits may only be given in the first ten Account Years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume your fund earns -2% in Account Year 14, and that you take another $6,000 withdrawal. On December 31, 2020:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is $1,457.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your RGLB amount is $1,457 [the lesser of (1) your current RGLB amount minus the withdrawal amount ($7,609 - $6,000) and (2) your new Account Value ($1,457)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $1,457 [the lesser of (1) your current GLB Base minus the excess withdrawal [$7,609 - ($6,000 - $380)] and (2) your new Account Value [$1,457]].

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount equals $73 [5% of your new GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $1,457 [the lesser of (1) your current Lifetime Income Base minus the excess withdrawal [$7,609 - ($6,000 - $304)] and (2) your new Account Value [$1,457]].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount equals $58 [4% of your new Lifetime Income Base].

Because your GLB Base is greater than zero, you may take annual withdrawals up to the Maximum WB Amount until your RGLB amount becomes zero. Because your Lifetime Income Base is greater than zero, you may take annual withdrawals up to the Maximum WB for Life Amount until you die or annuitize. Any withdrawal you take that is greater than your Maximum WB Amount will reduce your GLB Base (and hence, give you a new, reduced Maximum WB Amount). Any withdrawal you take that is greater than your Maximum WB for Life Amount will reduce your Lifetime Income Base (and hence, give you a new, reduced Maximum WB for Life Amount).

If your Account Value is reduced to zero by a withdrawal that does not exceed your Maximum WB for Life Amount, you must *choose between*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) withdrawing the Maximum WB for Life Amount each year until you die *or* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) withdrawing your Maximum WB Amount each year until your RGLB amount is reduced to zero.

If your Account Value is reduced to zero by a withdrawal that exceeds your Maximum WB for Life Amount but does not exceed your Maximum WB Amount, your Lifetime Income Base will become zero, but we will continue to pay your then current Maximum WB Amount each year until your RGLB is reduced to zero.

If your Account Value is reduced to zero by a withdrawal that exceeds both your Maximum WB for Life Amount and your Maximum WB Amount, your Lifetime Income Base, your RGLB amount, and your GLB Base will all be reduced to zero, your Maximum WB for Life Amount and your Maximum WB Amount will both become zero, and no more benefits will be paid.

**EXAMPLE 8: Step-up elected under WB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you are age 65 at issue. Also assume that you elect the WB plan on January 1, 2007, and that you choose to systematically withdraw the Maximum WB Amount annually. Assume that your Designated Fund had good investment performance, gaining 6% a year over the course of the Contract. On January 1, 2007:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $100,000 [the value of your RGLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 [the value of your RGLB amount on the day you elect to participate in the WB Plan].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $5,000 [5% of your Lifetime Income Base because you are age 65].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is $100,000 [the amount of your initial Purchase Payment]. Since you are taking withdrawals each Account Year, you do not receive any bonus credits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On December 31, 2007, after you take your first systematic withdrawal of $5,000, your Account Value is $101,000:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your RGLB amount, reduced by the amount of the withdrawal, is $95,000 [$100,000 - $5,000].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you withdrew no more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $100,000 because you withdrew no more than your Maximum WB for Life Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $5,000 [5% of your Lifetime Income Base].

------

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is still $100,000 because you did not withdraw more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume you make no subsequent Purchase Payments, but you take systematic withdrawals of $5,000 for a total of 3 years. On December 31, 2009:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is $103,184.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your RGLB amount is $85,000 [$100,000 - ($5,000 x 3)].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is still $100,000 because you withdrew no more than your Maximum WB Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,000 [5% of your GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is still $100,000 because you withdrew no more than your Maximum WB for Life Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $5,000 [5% of your Lifetime Income Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is still $100,000 because you withdrew no more than your Maximum WB Amount.

Because your Account Value is greater than your RGLB amount, your GLB Base, and your Lifetime Income Base, you may step-up your RGLB amount, your GLB Base, your Bonus Base, and your Lifetime Income Base each to an amount equal to your current Account Value. Assume you elect to step-up. On January 1, 2010\*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value is $103,184.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your RGLB amount is $103,184.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your GLB Base is $103,184.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB Amount is $5,159 [5% of your new GLB Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Lifetime Income Base is $103,184.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Maximum WB for Life Amount is $5,159 [5% of your new Lifetime Income Base].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Bonus Base is $103,184.

------

\*

Note: Assume instead that you elected to step-up sometime in 2010 *after* your withdrawal of $5,000 was taken and that your Account Value at the time of the step-up was $103,184. Your new Maximum WB Amount and new Maximum WB for Life amount of $5,159 would apply so that you could withdraw an additional $159 during the remainder of 2010 without exceeding your maximum amounts.

**EXAMPLE 9: WB election at issue; withdrawals not taken immediately.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Also assume that you elect the WB plan at issue. Your RGLB amount, your GLB Base, your Lifetime Income Base (LIB), and your Bonus Base all equal $100,000. Your Maximum WB Amount equals 5% of your GLB Base, or $5,000. Your Maximum WB for Life Amount equals 5% of your Lifetime Income Base, or $5,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, the RGLB amount will be increased by $5,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $105,000. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $100,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $105,000.

Therefore, your GLB Base is now $105,000, and your new Maximum WB Amount is 5% of $105,000, or $5,250. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $100,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $100,000 plus the bonus amount of $5,000.

------

Therefore, your LIB is now $105,000, and your new Maximum WB for Life Amount is 5% of $105,000, or $5,250. Your Bonus Base remains at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your second Account Year. Therefore, on January 1, 2009, the RGLB amount will be increased by $5,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $110,000. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $110,000.

Therefore, your GLB Base is now $110,000, and your new Maximum WB Amount is 5% of $110,000, or $5,500. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $110,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $105,000 plus the bonus amount of $5,000.

Therefore, your LIB is now $110,000, and your new Maximum WB for Life Amount is 5% of $110,000, or $5,500. Your Bonus Base remains at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take a withdrawal equal to your Maximum WB for Life Amount of $5,500 in your third Account Year. Your RGLB amount will be reduced by the amount of the withdrawal, so that it will equal $110,000 - $5,500, or $104,500. Your GLB Base will remain at $110,000, so your Maximum WB Amount will remain at 5% of $110,000, or $5,500. Your LIB will also remain at $110,000, so your Maximum WB for Life Amount will remain at 5% of $110,000, or $5,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain alive and that you continue to make withdrawals of $5,500 until the RGLB amount runs out in year 2028. Because the RGLB amount is now $0, the GLB Base also becomes $0. Your LIB is still $110,000. Therefore, you can continue to receive $5,500 per year as long as you are alive. Also, if there is a remaining Account Value, the Contract continues.

**EXAMPLE 10: WB election at issue; subsequent Purchase Payments made; withdrawals not taken immediately.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Also assume that you elect the WB plan at issue. Your RGLB amount, your GLB Base, your Lifetime Income Base (LIB), and your Bonus Base all equal $100,000. Your Maximum WB Amount equals 5% of your GLB Base, or $5,000. Your Maximum WB for Life Amount equals 5% of your Lifetime Income Base, or $5,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, the RGLB amount will be increased by $5,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $105,000. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $100,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $105,000.

Therefore, your GLB Base is now $105,000, and your new Maximum WB Amount is 5% of $105,000, or $5,250. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $100,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $100,000 plus the bonus amount of $5,000.

Therefore, your LIB is now $105,000, and your new Maximum WB for Life Amount is 5% of $105,000, or $5,250. Your Bonus Base remains at $100,000.

------

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you make a Purchase Payment of $60,000 in your second Account Year. Your RGLB amount, GLB Base, LIB, and Bonus Base are all increased by the amount of the Purchase Payment. Therefore, your RGLB amount, GLB Base, and LIB are all now equal to $105,000 plus $60,000 = $165,000. Your Bonus Base is now equal to $100,000 plus $60,000 = $160,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your second Account Year. Therefore, on January 1, 2009, the RGLB amount will be increased by $8,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $173,000. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $165,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $173,000.

Therefore, your GLB Base is now $173,000, and your new Maximum WB Amount is 5% of $173,000, or $8,650. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $165,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $173,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $165,000 plus the bonus amount of $8,000.

Therefore, your LIB is now $173,000, and your new Maximum WB for Life Amount is 5% of $173,000, or $8,650. Your Bonus Base remains at $160,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take a withdrawal equal to your Maximum WB for Life Amount of $8,650 in your third Account Year. Your RGLB amount will be reduced by the amount of the withdrawal, so that it will equal $173,000 - $8,650, or $164,350. Your GLB Base will remain at $173,000, so your Maximum WB Amount will remain at 5% of $173,000, or $8,650. Your LIB will also remain at $173,000, so your Maximum WB for Life Amount will remain at 5% of $173,000, or $8,650. Your Bonus Base will remain at $160,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain alive and that you continue to make withdrawals of $8,650 until the RGLB amount runs out in year 2028. Because the RGLB amount is now $0, the GLB Base also becomes $0. Your Bonus Base is $0 because bonus credits may only be given in the first ten Account Years. Your LIB is still $173,000. Therefore, you can continue to receive $8,650 per year as long as you are alive. Also, if there is a remaining Account Value, the Contract continues.

**EXAMPLE 11: WB election at issue; withdrawals taken.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Also assume that you elect the WB plan at issue. Your RGLB amount, your GLB Base, your Lifetime Income Base (LIB), and your Bonus Base all equal $100,000. Your Maximum WB Amount equals 5% of your GLB Base, or $5,000. Your Maximum WB for Life Amount equals 5% of your Lifetime Income Base, or $5,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, the RGLB amount will be increased by $5,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $105,000. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $100,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $105,000

Therefore, your GLB Base is now $105,000, and your new Maximum WB Amount is 5% of $105,000, or $5,250. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $100,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $100,000 plus the bonus amount of $5,000.

------

Therefore, your LIB is now $105,000, and your new Maximum WB for Life Amount is 5% of $105,000, or $5,250. Your Bonus Base remains at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take a withdrawal equal to your Maximum WB for Life Amount of $5,250 in your second Account Year. Your RGLB amount will be reduced by the amount of the withdrawal, so that it will equal $105,000 - $5,250, or $99,750. Your GLB Base will remain at $105,000, so your Maximum WB Amount will remain at 5% of $105,000, or $5,250. Your LIB will also remain at $105,000, so your Maximum WB for Life Amount will remain at 5% of $105,000, or $5,250. Since your withdrawal did not exceed your Maximum WB Amount, your Bonus Base will remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your third Account Year. Therefore, on January 1, 2010, the RGLB amount will be increased by $5,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $104,750. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $104,750.

Therefore, your GLB Base remains at $105,000, and your Maximum WB Amount remains at 5% of $105,000, or $5,250. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $104,750, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $105,000 plus the bonus amount of $5,000.

Therefore, your LIB remains at $105,000, and your Maximum WB for Life Amount remains at 5% of $105,000, or $5,250. Your Bonus Base remains at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your fourth Account Year. Therefore, on January 1, 2011, the RGLB amount will be increased by $5,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $109,750. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $109,750.

Therefore, your GLB Base is now $109,750, and your new Maximum WB Amount is 5% of $109,750, or $5,487. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $109,750, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $105,000 plus the bonus amount of $5,000.

Therefore, your LIB is now $109,750, and your new Maximum WB for Life Amount is 5% of $109,750, or $5,487. Your Bonus Base remains at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take a withdrawal equal to your Maximum WB for Life Amount of $5,487 in 2011. Also assume that you remain alive and continue to take annual withdrawals of $5,487 until the RGLB amount runs out in year 2030. Because the RGLB amount is now $0, the GLB Base also becomes $0. Your Bonus Base is $0 because bonus credits may only be given in the first ten Account Years. Your LIB is still $109,750. Therefore, you can continue to receive $5,487 per year as long as you are alive. Also, if there is a remaining Account Value, the Contract continues.

------

**EXAMPLE 12: WB election at issue; Excess Withdrawal taken.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Also assume that you elect the WB plan at issue. Your RGLB amount, your GLB Base, your Lifetime Income Base (LIB), and your Bonus Base all equal $100,000. Your Maximum WB Amount equals 5% of your GLB Base, or $5,000. Your Maximum WB for Life Amount equals 5% of your Lifetime Income Base, or $5,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, the RGLB amount will be increased by $5,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $105,000. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $100,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $105,000.

Therefore, your GLB Base is now $105,000, and your new Maximum WB Amount is 5% of $105,000, or $5,250. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $100,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $100,000 plus the bonus amount of $5,000.

Therefore, your LIB is now $105,000, and your new Maximum WB for Life Amount is 5% of $105,000, or $5,250. Your Bonus Base remains at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take a withdrawal of $6,000 in your second Account Year. This withdrawal exceeds both your Maximum WB Amount and your Maximum WB for Life Amount of $5,250. Assume that your Account Value equals $90,000 after you make this withdrawal. Your RGLB amount will be reduced to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old RGLB amount of $105,000 minus the $6,000 withdrawal, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your Account Value of $90,000.

Therefore, your new RGLB amount is $90,000.

Your GLB Base will be reduced to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $105,000 minus the $750 excess withdrawal, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your Account Value of $90,000.

Therefore, your new GLB Base is $90,000. Your new Maximum WB Amount is 5% of $90,000, or $4,500. Your Bonus Base will be reduced to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old Bonus Base of $100,000 minus the $750 excess withdrawal, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your Account Value of $90,000.

Therefore, your new Bonus Base is $90,000. Your LIB will be reduced to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $105,000 minus the $750 excess withdrawal, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your Account Value of $90,000.

Therefore, your new LIB is $90,000. Your new Maximum WB for Life Amount is 5% of $90,000, or $4,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your third Account Year. Therefore, on January 1, 2010, the RGLB amount will be increased by $4,500, which equals 5% of the Bonus Base. Your new RGLB amount is now $94,500. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $90,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $94,500.

------

Therefore, your GLB Base is now $94,500, and your new Maximum WB Amount is 5% of $94,500, or $4,725. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $90,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $94,500, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $90,000 plus the bonus amount of $4,500.

Therefore, your LIB is now $94,500, and your new Maximum WB for Life Amount is 5% of $94,500, or $4,725. Your Bonus Base remains at $90,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your fourth Account Year. Therefore, on January 1, 2011, the RGLB amount will be increased by $4,500, which equals 5% of the Bonus Base. Your new RGLB amount is now $99,000. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $94,500, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $99,000.

Therefore, your GLB Base is now $99,000, and your new Maximum WB Amount is 5% of $99,000, or $4,950. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $94,500, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $99,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $94,500 plus the bonus amount of $4,500.

Therefore, your LIB is now $99,000, and your new Maximum WB for Life Amount is 5% of $99,000, or $4,950. Your Bonus Base remains at $90,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take a withdrawal equal to your Maximum WB for Life Amount of $4,950 in 2011. Also assume that you remain alive and continue to take annual withdrawals of $4,950 until the RGLB amount runs out in year 2030. Because the RGLB amount is now $0, the GLB Base also becomes $0. Your Bonus Base is $0 because bonus credits may only be given in the first ten Account Years. Your LIB is still $99,000. Therefore, you can continue to receive $4,950 per year as long as you are alive. Also, if there is a remaining Account Value, the Contract continues.

**EXAMPLE 13: WB election at issue; withdrawals not taken immediately; Step-up elected.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Also assume that you elect the WB plan at issue. Your RGLB amount, your GLB Base, your Lifetime Income Base (LIB), and your Bonus Base all equal $100,000. Your Maximum WB Amount equals 5% of your GLB Base, or $5,000. Your Maximum WB for Life Amount equals 5% of your Lifetime Income Base, or $5,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, the RGLB amount will be increased by $5,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $105,000. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $100,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $105,000.

Therefore, your GLB Base is now $105,000, and your new Maximum WB Amount is 5% of $105,000, or $5,250. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $100,000, and

------

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $100,000 plus the bonus amount of $5,000.

Therefore, your LIB is now $105,000, and your new Maximum WB for Life Amount is 5% of $105,000, or $5,250. Your Bonus Base remains at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your second Account Year. Therefore, on January 1, 2009, the RGLB amount will be increased by $5,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $110,000. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $110,000.

Therefore, your GLB Base is now $110,000, and your new Maximum WB Amount is 5% of $110,000, or $5,500. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $105,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $110,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $105,000 plus the bonus amount of $5,000.

Therefore, your LIB is now $110,000, and your new Maximum WB for Life Amount is 5% of $110,000, or $5,500. Your Bonus Base remains at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your third Account Year. Therefore, on January 1, 2010, the RGLB amount will be increased by $5,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $115,000. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $110,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $115,000.

Therefore, your GLB Base is now $115,000, and your new Maximum WB Amount is 5% of $115,000, or $5,750. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $115,000, and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $115,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $110,000 plus the bonus amount of $5,000.

Therefore, your LIB is now $115,000, and your new Maximum WB for Life Amount is 5% of $115,000, or $5,750. Your Bonus Base remains at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 2, 2010 your Account Value is $118,000. Since you have passed your first Account Anniversary and have not stepped-up within the past year, and since your Account Value is greater than both the GLB Base and the LIB, you may step up your WB plan guarantees. Assume that you do elect to step up. Your RGLB amount, your GLB Base, your LIB and your Bonus Base are all now equal to $118,000. Your new Maximum WB Amount is 5% of $118,000, or $5,900. Your new Maximum WB for Life Amount is 5% of $118,000, or $5,900.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your fourth Account Year. Therefore, on January 1, 2011, the RGLB amount will be increased by $5,900, which equals 5% of the Bonus Base. Your new RGLB amount is now $123,900. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $118,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $123,900.

------

Therefore, your GLB Base is now $123,900, and your new Maximum WB Amount is 5% of $123,900, or $6,195. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $118,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $123,900, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $118,000 plus the bonus amount of $5,900.

Therefore, your LIB is now $123,900, and your new Maximum WB for Life Amount is 5% of $123,900, or $6,195. Your Bonus Base remains at $118,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take a withdrawal equal to your Maximum WB for Life Amount of $6,195 in your fifth Account Year. Your RGLB amount will be reduced by the amount of the withdrawal, so that it will equal $123,900 - $6,195, or $117,705. Your GLB Base will remain at $123,900, so your Maximum WB Amount will remain at 5% of $123,900, or $6,195. Your LIB will also remain at $123,900, so your Maximum WB for Life Amount will remain at 5% of $123,900, or $6,195. Your Bonus Base remains at $118,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain alive and that you continue to make withdrawals of $6,195 until the RGLB amount runs out in year 2030. Because the RGLB amount is now $0, the GLB Base also becomes $0. Your Bonus Base is $0 because bonus credits may only be given in the first ten Account Years. Your LIB is still $123,900. Therefore, you can continue to receive $6,195 per year as long as you are alive. Also, if there is a remaining Account Value, the Contract continues.

**EXAMPLE 14: Switch from AB to WB; No withdrawals under the AB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Assume that you elect the AB plan. Your GLB amount at issue and your Bonus Base at issue are both equal to $100,000 (your Purchase Payment amount). Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, your accrued bonus amount is $5,000, which equals 5% of the Bonus Base. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your second Account Year. Therefore, on January 1, 2009, your accrued bonus amount is $10,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $5,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your third Account Year. Therefore, on January 1, 2010, your accrued bonus amount is $15,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $10,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that while you are in your fourth Account Year, you switch to the WB plan. Assume that you have not taken any withdrawals yet. Your RGLB amount is now equal to your old GLB amount of $100,000 plus your accrued bonus amount of $15,000, for a total of $115,000. Your GLB Base and your LIB are both set equal to the RGLB amount at the time of conversion to the WB plan. Therefore, both the GLB Base and the LIB are equal to $115,000. Your Maximum WB Amount equals 5% of your GLB Base, or $5,750. Your Maximum WB for Life Amount equals 5% of your LIB, or $5,750. Your Bonus Base remains at $100,000. Since you have switched to the WB plan, your accrued bonus amount becomes $0.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your fourth Account Year. Therefore, on January 1, 2011, the RGLB amount will be increased by $5,000, which equals 5% of the Bonus Base. Your new RGLB amount is now $120,000. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $115,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $120,000.

------

Therefore, your GLB Base is now $120,000, and your new Maximum WB Amount is 5% of $120,000, or $6,000. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $115,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $120,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $115,000 plus the bonus amount of $5,000.

Therefore, your LIB is now $120,000, and your new Maximum WB for Life Amount is 5% of $120,000, or $6,000. Your Bonus Base remains at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take a withdrawal equal to your Maximum WB for Life Amount of $6,000 in your fifth Account Year. Your RGLB amount will be reduced by the amount of the withdrawal, so that it will equal $120,000 - $6,000, or $114,000. Your GLB Base will remain at $120,000, so your Maximum WB Amount will remain at 5% of $120,000, or $6,000. Your LIB will also remain at $120,000, so your Maximum WB for Life Amount will remain at 5% of $120,000, or $6,000. Your Bonus Base remains at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain alive and that you continue to make withdrawals of $6,000 until the RGLB amount runs out in year 2030. Because the RGLB amount is now $0, the GLB Base also becomes $0. Your Bonus Base is $0 because bonus credits may only be given in the first ten Account Years. Your LIB is still $120,000. Therefore, you can continue to receive $6,000 per year as long as you are alive. Also, if there is a remaining Account Value, the Contract continues.

**EXAMPLE 15: Switch from AB to WB; Withdrawals under the AB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Assume that you elect the AB plan. Your GLB amount at issue and your Bonus Base at issue are both equal to $100,000 (your Purchase Payment amount). Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, your accrued bonus amount is $5,000, which equals 5% of the Bonus Base. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your second Account Year. Therefore, on January 1, 2009, your accrued bonus amount is $10,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $5,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on March 10, 2009 (in your third Account Year), your Account Value is $80,000. Also assume that you take a withdrawal of $10,000 on this date. Therefore, your ending Account Value on March 10, 2009 is $70,000. Your GLB amount, Bonus Base, and accrued bonus amount are reduced proportionally to the amount withdrawn. Therefore, your new GLB amount is $100,000 x ($70,000 ÷ $80,000) = $87,500. Your new Bonus Base is $100,000 x ($70,000 ÷ $80,000) = $87,500. Your new accrued bonus amount is $10,000 x ($70,000 ÷ $80,000) = $8,750

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that while you are in your fourth Account Year, you switch to the WB plan. Your RGLB amount is now equal to your old GLB amount of $87,500 plus your accrued bonus amount of $8,750, for a total of $96,250. Your GLB Base and your LIB are both set equal to the RGLB amount at the time of conversion to the WB plan. Therefore, both the GLB Base and the LIB are equal to $96,250. Your Maximum WB Amount equals 5% of your GLB Base, or $4,812. Your Maximum WB for Life Amount equals 5% of your LIB, or $4,812. Your Bonus Base remains at $87,500. Since you have switched to the WB plan, your accrued bonus amount becomes $0.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your fourth Account Year. Therefore, on January 1, 2011, the RGLB amount will be increased by $4,375, which equals 5% of the Bonus Base. Your new RGLB amount is now $100,625. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $96,250, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $100,625.

------

Therefore, your GLB Base is now $100,625, and your new Maximum WB Amount is 5% of $100,625, or $5,031. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $96,250, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $100,625, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $96,250 plus the bonus amount of $4,375.

Therefore, your LIB is now $100,625, and your new Maximum WB for Life Amount is 5% of $100,625, or $5,031. Your Bonus Base remains at $87,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take a withdrawal equal to your Maximum WB for Life Amount of $5,031 in your fifth Account Year. Your RGLB amount will be reduced by the amount of the withdrawal, so that it will equal $100,625 - $5,031, or $95,594. Your GLB Base will remain at $100,625, so your Maximum WB Amount will remain at 5% of $100,625, or $5,031. Your LIB will also remain at $100,625, so your Maximum WB for Life Amount will remain at 5% of $100,625, or $5,031. Your Bonus Base remains at $87,500.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain alive and that you continue to make withdrawals of $5,031 until the RGLB amount runs out in year 2030. Because the RGLB amount is now $0, the GLB Base also becomes $0. Your Bonus Base is $0 because bonus credits may only be given in the first ten Account Years. Your LIB is still $100,625. Therefore, you can continue to receive $5,031 per year as long as you are alive. Also, if there is a remaining Account Value, the Contract continues.

**EXAMPLE 16: Switch from AB to WB; Step-up while in AB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Assume that you elect the AB plan. Your GLB amount at issue and your Bonus Base at issue are both equal to $100,000 (your Purchase Payment amount). Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, your accrued bonus amount is $5,000, which equals 5% of the Bonus Base. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your second Account Year. Therefore, on January 1, 2009, your accrued bonus amount is $10,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $5,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your third Account Year. Therefore, on January 1, 2010, your accrued bonus amount is $15,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $10,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 2, 2010 your Account Value is $118,000. Since you have passed your first Account Anniversary and have not stepped-up within the past year, and since your Account Value is greater than your GLB amount, you may elect to step up to a new ten year period, with a new GLB amount of $118,000. Assume that you do elect to step up. Your GLB amount is now equal to $118,000. Also, your Bonus Base is now equal to $118,000. Your AB plan "maturity date" is now January 2, 2020. Since your new GLB amount of $118,000 is greater than the sum of your old GLB amount of $100,000 plus your old accrued bonus amount of $15,000, your new accrued bonus amount is set equal to $0.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your fourth Account Year. Therefore, on January 1, 2011, your accrued bonus amount is $5,900, which equals $5,900 (5% of the Bonus Base) plus your previous accrued bonus amount of $0. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $118,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that while you are in your fifth Account Year, you switch to the WB plan. Assume that you have not taken any withdrawals yet. Your RGLB amount is now equal to your old GLB amount of $118,000 plus your accrued bonus amount of $5,900, for a total of $123,900. Your GLB Base and your LIB are both set equal to the

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RGLB amount at the time of conversion to the WB plan. Therefore, both the GLB Base and the LIB are equal to $123,900. Your Maximum WB Amount equals 5% of your GLB Base, or $6,195. Your Maximum WB for Life Amount equals 5% of your LIB, or $6,195. Your Bonus Base remains at $118,000. Since you have switched to the WB plan, your accrued bonus amount becomes $0.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your fifth Account Year. Therefore, on January 1, 2012, the RGLB amount will be increased by $5,900, which equals 5% of the Bonus Base. Your new RGLB amount is now $129,800. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $123,900, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $129,800.

Therefore, your GLB Base is now $129,800, and your new Maximum WB Amount is 5% of $129,800, or $6,490. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $123,900, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $129,800, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $123,900 plus the bonus amount of $5,900.

Therefore, your LIB is now $129,800, and your new Maximum WB for Life Amount is 5% of $129,800, or $6,490. Your Bonus Base remains at $118,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take a withdrawal equal to your Maximum WB for Life Amount of $6,490 in your sixth Account Year. Your RGLB amount will be reduced by the amount of the withdrawal, so that it will equal $129,800 - $6,490, or $123,310. Your GLB Base will remain at $129,800, so your Maximum WB Amount will remain at 5% of $129,800, or $6,490. Your LIB will also remain at $129,800, so your Maximum WB for Life Amount will remain at 5% of $129,800, or $6,490. Your Bonus Base remains at $118,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain alive and that you continue to make withdrawals of $6,490 until the RGLB amount runs out in year 2031. Because the RGLB amount is now $0, the GLB Base also becomes $0. Your Bonus Base is $0 because bonus credits may only be given in the first ten Account Years. Your LIB is still $129,800. Therefore, you can continue to receive $6,490 per year as long as you are alive. We will continue to charge the rider fee for as long as you are eligible to receive benefits under the WB Plan. The Owner can annuitize as long as there is a remaining Account Value, but if Account Value drops to zero, the Contract terminates.

**EXAMPLE 17: Switch from AB to WB; Step-up while in AB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Assume that you elect the AB plan. Your GLB amount at issue and your Bonus Base at issue are both equal to $100,000 (your Purchase Payment amount). Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, your accrued bonus amount is $5,000, which equals 5% of the Bonus Base. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your second Account Year. Therefore, on January 1, 2009, your accrued bonus amount is $10,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $5,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your third Account Year. Therefore, on January 1, 2010, your accrued bonus amount is $15,000, which equals $5,000 (5% of the Bonus Base) plus your previous accrued bonus amount of $10,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 2, 2010 your Account Value is $112,000. Since you have passed your first Account Anniversary and have not stepped-up within the past year, and since your Account Value is greater than your GLB amount, you may elect to step up to a new ten year period, with a new GLB amount of $112,000. Assume

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that you do elect to step up. Your GLB amount is now equal to $112,000. Also, your Bonus Base is now equal to $112,000. Your AB plan "maturity date" is now January 2, 2020. Since your new GLB amount of $112,000 is less than the sum of your old GLB amount of $100,000 plus your old accrued bonus amount of $15,000, your new accrued bonus amount is set equal to the sum of your old GLB amount of $100,000 plus your old accrued bonus amount of $15,000, less your new GLB amount of $112,000. Therefore, your new accrued bonus amount is $3,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your fourth Account Year. Therefore, on January 1, 2011, your accrued bonus amount is $8,600, which equals $5,600 (5% of the Bonus Base) plus your previous accrued bonus amount of $3,000. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $112,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that while you are in your fifth Account Year, you switch to the WB plan. Assume that you have not taken any withdrawals yet. Your RGLB amount is now equal to your old GLB amount of $112,000 plus your accrued bonus amount of $8,600, for a total of $120,600. Your GLB Base and your LIB are both set equal to the RGLB amount at the time of conversion to the WB plan. Therefore, both the GLB Base and the LIB are equal to $120,600. Your Maximum WB Amount equals 5% of your GLB Base, or $6,030. Your Maximum WB for Life Amount equals 5% of your LIB, or $6,030. Your Bonus Base remains at $112,000. Since you have switched to the WB plan, your accrued bonus amount becomes $0.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take no withdrawals in your fifth Account Year. Therefore, on January 1, 2012, the RGLB amount will be increased by $5,600, which equals 5% of the Bonus Base. Your new RGLB amount is now $126,200. Your GLB Base will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old GLB Base of $120,600, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) your new RGLB amount of $126,200.

Therefore, your GLB Base is now $126,200, and your new Maximum WB Amount is 5% of $126,200, or $6,310. Your LIB will now become the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) your old LIB of $120,600, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) your new RGLB amount of $126,200, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) your old LIB of $120,600 plus the bonus amount of $5,600.

Therefore, your LIB is now $126,200, and your new Maximum WB for Life Amount is 5% of $126,200, or $6,310. Your Bonus Base remains at $112,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you take a withdrawal equal to your Maximum WB for Life Amount of $6,310 in your sixth Account Year. Your RGLB amount will be reduced by the amount of the withdrawal, so that it will equal $126,200 - $6,310, or $119,890. Your GLB Base will remain at $126,200, so your Maximum WB Amount will remain at 5% of $126,200, or $6,310. Your LIB will also remain at $126,200, so your Maximum WB for Life Amount will remain at 5% of $126,200, or $6,310. Your Bonus Base remains at $112,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain alive and that you continue to make withdrawals of $6,310 until the RGLB amount runs out in year 2031. Because the RGLB amount is now $0, the GLB Base also becomes $0. Your Bonus Base is $0 because bonus credits may only be given in the first ten Account Years. Your LIB is still $126,200. Therefore, you can continue to receive $6,310 per year as long as you are alive. We will continue to charge the rider fee for as long as you are eligible to receive benefits under the WB Plan. The Owner can annuitize as long as there is a remaining Account Value, but if the Account Value drops to zero, the Contract terminates.

**EXAMPLE 18: Calculation of Explicit Rider Charges.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you did not elect the WB plan at any time. Assume that your Account Value increases at an annual rate of 5% per year throughout the next ten years. Also assume that you do not elect to step-up at any time.

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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;● On March 31, 2007, your Account Value before the charge for Secured Returns for Life Plus is taken is $101,196.79. The charge deducted on March 31, 2007 is $126.50 ($101,196.79 x .00125). Therefore, your ending Account Value on March 31, 2007 is $101,070.29 ($101,196.79 - $126.50).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On June 30, 2007, your Account Value before the charge for Secured Returns for Life Plus is taken is $102,307.23. The fee deducted on June 30, 2007 is $127.88 ($102,307.23 x .00125). Therefore, your ending Account Value on June 30, 2007 is $102,179.35 ($102,307.23 - $127.88).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● On September 30, 2007, your Account Value before the charge for Secured Returns for Life Plus is taken is $103,443.69. The fee deducted on September 30, 2007 is $129.30 ($103,443.69 x .00125). Therefore, your ending Account Value on September 30, 2007 is $103,314.39 ($103,443.69 - $129.30).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● This pattern continues until the maturity date for your Benefit of January 1, 2017. On that date, your Account will be credited with a payment. If your current Account Value is less than your current GLB amount, then your Account will be credited with the difference between these two amounts. If your current Account Value is greater than your current GLB amount, then your Account will be credited with the sum of all of Secured Returns for Life Plus charges that have been made. Note that if Secured Returns for Life Plus was revoked or cancelled before the maturity date for your Benefit of January 1, 2017, then no Secured Returns for Life Plus credit will be made to your Account.

**EXAMPLE 19: One Year Step-up elected under AB Plan.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you are age 65 at issue. Assume that you elect the AB plan. Your Guaranteed Living Benefit amount ("GLB amount") at issue and your Bonus Base at issue are both equal to $100,000 (your Purchase Payment amount). Assume that you take no withdrawals in your first Account Year. Therefore, on January 1, 2008, your accrued bonus amount is $5,000, which equals 5% of the Bonus Base. Since no withdrawals have been taken, your GLB amount and your Bonus Base both remain at $100,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that on January 1, 2008 your Account Value is $118,000. Since your Account Value is greater than your GLB amount, you may elect to step up to a new ten year period, with a new GLB amount of $118,000. Assume that you do elect to step up. Your GLB amount is now equal to $118,000. Also, your Bonus Base is now equal to $118,000. Your AB plan Maturity Date is now January 1, 2018. Since your new GLB amount of $118,000 is greater than the sum of your old GLB amount of $100,000 plus your old accrued bonus amount of $5,000, your new accrued bonus amount is set equal to $0.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Assume that you remain in the AB plan until it "matures" on January 1, 2018. Assume that you have taken no withdrawals since your Contract was issued. Your accrued bonus amount is $53,100 ($5,900 per year for nine years). Since your rider has "matured" in the AB plan, the accrued bonus amount becomes $0. Assume that your Account Value on January 1, 2018 is $112,000. Since your Account Value is less than your GLB amount by $6,000, an amount equal to $6,000 will be deposited into your Contract ($118,000 - $112,000).

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**APPENDIX K -RETIREMENT** <br> **INCOME ESCALATOR**<sup>SM</sup>

**The optional living benefit known as Retirement Income Escalator ("RIE" or "the rider") was available for all Contracts purchased on or after May 5, 2008 and prior to October 20, 2008 and certain contracts purchased on or after October 20, 2008. The following information applies to your Contract if you elected to participate in RIE. RIE is no longer available for sale on new Contracts.** 

RIE provides an annual income guarantee for life. You can withdraw up to a guaranteed amount each year and, provided you meet certain requirements, we will continue to send you the guaranteed amount even if your Account Value should go to zero. Your income amount will not decrease, provided that your withdrawals do not exceed the guaranteed amount in any year. In general, the longer you wait for your first withdrawal under RIE, the larger the guaranteed annual income amount. To describe how RIE works, we use the following definitions:

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| | |
|:---|:---|
| **RIE Coverage Date:** | &nbsp;&nbsp;&nbsp;&nbsp; Your Issue Date if you are at least age 59 <sup>1</sup>∕2 at issue; otherwise, the first <br> Account Anniversary after you attain age 59 <sup>1</sup>∕2.<br>|
| **Annual Withdrawal Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; The total guaranteed amount available for withdrawal each Account Year <br> during your life, provided that you comply with certain conditions. The <br> Annual Withdrawal Amount is equal to your current Withdrawal Benefit <br> Base multiplied by your Lifetime Withdrawal Percentage. **(You should be** <br> **aware that certain actions you take could significantly reduce the** <br> **amount of your Annual Withdrawal Amount.)**<br>|
| **Lifetime Withdrawal Percentage:** | &nbsp;&nbsp;&nbsp;&nbsp; The percentage used to calculate your Annual Withdrawal Amount. The <br> percentage will be 5%, 6%, or 7% depending upon your age on your first <br> withdrawal under the Contract after your RIE Coverage Date. Once <br> determined, the percentage is set for the life of your RIE.<br>|
| **Withdrawal Benefit Base:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount used to calculate (1) your Annual Withdrawal Amount and (2) <br> your "RIE Fee" (see "Cost of RIE").<br>|
| **RIE Bonus Period:** | &nbsp;&nbsp;&nbsp;&nbsp; A ten-year period commencing on the Issue Date and ending on your tenth <br> Account Anniversary. If you "step up" your RIE (described below) during <br> the RIE Bonus Period, the RIE Bonus Period is extended to ten years from <br> the date of the step-up.<br>|
| **Bonus Base:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount on which bonuses are calculated. The Bonus Base is equal to the <br> sum of your Purchase Payments, increased by any "step-ups" (described <br> below) and reduced proportionately by any withdrawal taken prior to your <br> RIE Coverage Date or any excess withdrawals (see "*Excess Withdrawals*" <br> under "Withdrawals Under RIE").<br>|
| **You and Your:** | &nbsp;&nbsp;&nbsp;&nbsp; The terms "you" and "your" refer to the oldest Participant or the surviving <br> spouse of the oldest Participant, as described under "Death of Participant <br> Under RIE with Single-Life Coverage." In the case of a non-natural <br> Participant, these terms refer to the oldest Annuitant.<br>|

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**Upon annuitization, RIE and any elected optional death benefit automatically terminate.** 

RIE allows you to withdraw a guaranteed amount of money each year, beginning on your RIE Coverage Date, until the death of any Participant if single-life coverage is elected (or until the death of both the Participant and the Participant's spouse if joint-life coverage is elected). Your right to take withdrawals under RIE continues regardless of the investment performance of a Designated Fund, provided that you comply with certain requirements. The amount you can withdraw, in any one year, is 5%, 6% or 7% of your Withdrawal Benefit Base, depending upon your age on the date of your first withdrawal after your RIE Coverage Date.

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In addition, if you make no withdrawals in an Account Year during your RIE Bonus Period, we will increase your Withdrawal Benefit Base by an amount equal to 7% of your Bonus Base. The RIE Bonus Period is a 10-year period commencing on your Issue Date. The period will be extended for an additional 10 years commencing on each step-up of the Withdrawal Benefit Base (see "Step-Up Under RIE" in this Appendix), provided that the step-up occurs prior to the conclusion of the current 10-year period.

**If you are participating in RIE, you may make Purchase Payments only during your first Account Year. After the first Account Anniversary, any Purchase Payments you submit will be returned to you.** 

To participate in RIE, all of your Account Value must be invested in a Designated Fund at all times during the term of RIE. (The "term" of RIE is for life, unless your Withdrawal Benefit Base is reduced to zero or your RIE is terminated or cancelled as described in this Appendix under "Cancellation of RIE," "*Depleting Your Account Value*," and "Annuitization Under RIE.") See "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

Under RIE, you have the option of choosing between single-life coverage and joint-life coverage. These options are described in greater detail under "Joint-Life Coverage," "Death of Participant Under RIE with Single-Life Coverage," and "Death of Participant Under RIE with Joint-Life Coverage" in this Appendix.

**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;● decreased following any withdrawals you take prior to your RIE Coverage Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any withdrawals you take after your RIE Coverage Date, if such withdrawal is in excess of the Annual Withdrawal Amount at the time of the withdrawal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any applicable bonuses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any step-ups as described under "Step-Up Under RIE"; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any subsequent Purchase Payments you make during the first year following the Issue Date.

**Determining Your Annual Withdrawal Amount** 

Your Annual Withdrawal Amount is calculated when you make your first withdrawal after your RIE Coverage Date. It is a set percentage of your Withdrawal Benefit Base. This percentage, known as the Lifetime Withdrawal Percentage, is determined based upon your age at that time, as follows:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Your Age on the Date of the**<br> **First Withdrawal After**<br> **Your RIE Coverage Date\***<br>| **Lifetime Withdrawal Percentage** |
| 59<sup> 1</sup>∕2 - 69 | 5% |
| 70 - 79 | 6% |
| 80 or older | 7% |

---

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\*

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

Once set, your Lifetime Withdrawal Percentage will remain the same for the life of your RIE. Your Annual Withdrawal Amount equals your Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage. Therefore, if your Withdrawal Benefit Base changes after your Annual Withdrawal Amount is determined, your Annual Withdrawal Amount will also change. The new Annual Withdrawal Amount will be effective on the next Account Anniversary and, at that time, will reflect any increases caused by a step-up or a bonus that took place during the prior Account Year and any decreases

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caused by excess withdrawals (described under "Withdrawals under RIE") that were taken during the prior Account Year. The new Annual Withdrawal Amount will be in effect for all subsequent Account Years, unless and until there is a further change in your Withdrawal Benefit Base.

**How RIE Works** 

Each Account Year, beginning on your RIE Coverage Date, you can take withdrawals totaling up to the amount of your Annual Withdrawal Amount, subject to the terms and conditions discussed below. Even if your Account Value is reduced to zero (other than as a result of an "early withdrawal" or an "excess withdrawal"), as long as your Withdrawal Benefit Base is greater than zero, you will receive your full Annual Withdrawal Amount every year until you die.

If you defer taking any withdrawals in an Account Year during the RIE Bonus Period, your Withdrawal Benefit Base will be increased by an amount equal to 7% of your Bonus Base, thereby increasing your Annual Withdrawal Amount. In this way, if you defer taking withdrawals during your early Account Years, you will be able to take larger withdrawals in later Account Years. Your Annual Withdrawal Amount is not, however, cumulative: any unused portion of your Annual Withdrawal Amount in any Account Year cannot be applied to a future year.

**Note that the timing and amount of your withdrawals may significantly decrease, and even terminate, your total RIE Benefit, including reducing your Account Value to zero and thereby terminating your Contract without value, as described further in this Appendix under "Withdrawals Under RIE." Note also that investing in any Fund, other than a Designated Fund, will cancel RIE, as described in this Appendix under "Cancellation of RIE."** 

Here is an example of how RIE works:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Because you reached age 59<sup> 1</sup>∕2 prior to your Issue Date, your RIE Coverage <br> Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount each Account <br> Year without reducing your Withdrawal Benefit Base. During the RIE Bonus Period, your Withdrawal Benefit Base <br> will increase by 7% of your Bonus Base each Account Year in which you do not take a withdrawal. By deferring your <br> withdrawals during a RIE Bonus Period you will increase your Withdrawal Benefit Base, which in turn may <br> maximize your Annual Withdrawal Amount. After the RIE Bonus Period, you will still be eligible to take your <br> Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. However, you will no longer be <br> eligible for the 7% bonus each year. (For convenience, assume that the investment performance on your underlying <br> investments remains constant throughout the life of your Contract, except for Account Year 2.) | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Because you reached age 59 <sup>1</sup>∕2 prior to your Issue Date, your RIE Coverage <br> Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount each Account <br> Year without reducing your Withdrawal Benefit Base. During the RIE Bonus Period, your Withdrawal Benefit Base <br> will increase by 7% of your Bonus Base each Account Year in which you do not take a withdrawal. By deferring your <br> withdrawals during a RIE Bonus Period you will increase your Withdrawal Benefit Base, which in turn may <br> maximize your Annual Withdrawal Amount. After the RIE Bonus Period, you will still be eligible to take your <br> Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. However, you will no longer be <br> eligible for the 7% bonus each year. (For convenience, assume that the investment performance on your underlying <br> investments remains constant throughout the life of your Contract, except for Account Year 2.) | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Because you reached age 59 <sup>1</sup>∕2 prior to your Issue Date, your RIE Coverage <br> Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount each Account <br> Year without reducing your Withdrawal Benefit Base. During the RIE Bonus Period, your Withdrawal Benefit Base <br> will increase by 7% of your Bonus Base each Account Year in which you do not take a withdrawal. By deferring your <br> withdrawals during a RIE Bonus Period you will increase your Withdrawal Benefit Base, which in turn may <br> maximize your Annual Withdrawal Amount. After the RIE Bonus Period, you will still be eligible to take your <br> Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. However, you will no longer be <br> eligible for the 7% bonus each year. (For convenience, assume that the investment performance on your underlying <br> investments remains constant throughout the life of your Contract, except for Account Year 2.) | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Because you reached age 59 <sup>1</sup>∕2 prior to your Issue Date, your RIE Coverage <br> Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount each Account <br> Year without reducing your Withdrawal Benefit Base. During the RIE Bonus Period, your Withdrawal Benefit Base <br> will increase by 7% of your Bonus Base each Account Year in which you do not take a withdrawal. By deferring your <br> withdrawals during a RIE Bonus Period you will increase your Withdrawal Benefit Base, which in turn may <br> maximize your Annual Withdrawal Amount. After the RIE Bonus Period, you will still be eligible to take your <br> Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. However, you will no longer be <br> eligible for the 7% bonus each year. (For convenience, assume that the investment performance on your underlying <br> investments remains constant throughout the life of your Contract, except for Account Year 2.) | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Because you reached age 59 <sup>1</sup>∕2 prior to your Issue Date, your RIE Coverage <br> Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount each Account <br> Year without reducing your Withdrawal Benefit Base. During the RIE Bonus Period, your Withdrawal Benefit Base <br> will increase by 7% of your Bonus Base each Account Year in which you do not take a withdrawal. By deferring your <br> withdrawals during a RIE Bonus Period you will increase your Withdrawal Benefit Base, which in turn may <br> maximize your Annual Withdrawal Amount. After the RIE Bonus Period, you will still be eligible to take your <br> Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. However, you will no longer be <br> eligible for the 7% bonus each year. (For convenience, assume that the investment performance on your underlying <br> investments remains constant throughout the life of your Contract, except for Account Year 2.) | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Because you reached age 59 <sup>1</sup>∕2 prior to your Issue Date, your RIE Coverage <br> Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount each Account <br> Year without reducing your Withdrawal Benefit Base. During the RIE Bonus Period, your Withdrawal Benefit Base <br> will increase by 7% of your Bonus Base each Account Year in which you do not take a withdrawal. By deferring your <br> withdrawals during a RIE Bonus Period you will increase your Withdrawal Benefit Base, which in turn may <br> maximize your Annual Withdrawal Amount. After the RIE Bonus Period, you will still be eligible to take your <br> Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. However, you will no longer be <br> eligible for the 7% bonus each year. (For convenience, assume that the investment performance on your underlying <br> investments remains constant throughout the life of your Contract, except for Account Year 2.) |
| &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage <br> used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your Withdrawal Benefit Base and <br> your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit <br> Base, or $6,250. Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or <br> reduced by an excess withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (*i.e*., <br> ten years after the step-up). **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage <br> used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your Withdrawal Benefit Base and <br> your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit <br> Base, or $6,250. Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or <br> reduced by an excess withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (*i.e*., <br> ten years after the step-up). **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage <br> used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your Withdrawal Benefit Base and <br> your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit <br> Base, or $6,250. Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or <br> reduced by an excess withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (*i.e*., <br> ten years after the step-up). **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage <br> used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your Withdrawal Benefit Base and <br> your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit <br> Base, or $6,250. Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or <br> reduced by an excess withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (*i.e*., <br> ten years after the step-up). **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage <br> used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your Withdrawal Benefit Base and <br> your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit <br> Base, or $6,250. Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or <br> reduced by an excess withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (*i.e*., <br> ten years after the step-up). **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage <br> used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your Withdrawal Benefit Base and <br> your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your new Withdrawal Benefit <br> Base, or $6,250. Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or <br> reduced by an excess withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (*i.e*., <br> ten years after the step-up). **All values shown are as of the beginning of the Account Year.** |
| **Account Year** | **Account**<br> **Value**<br>| **Withdrawal**<br> **Benefit Base**<br>| **Bonus Base** | **Annual**<br> **Withdrawal**<br> **Amount**<br>| **Withdrawals** |
| 1 | $100000 | $100000 | $100000 | $5000 | 0 |
| 2 | $100000 | $107000 | $100000 | $5350 | 0 |
| 3 | $125000 | $125000 | $125000 | $6250 | 0 |

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------

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume you take your first withdrawal when you are age 66 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 66 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 66 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 66 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 66 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 66 in Account Year 7. Using the above chart, we set your <br> Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your Withdrawal <br> Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your Withdrawal Benefit <br> Base, as shown in the following table: |
| 4 | $125000 | $133750 | $125000 | $6688 | 0 |
| 5 | $125000 | $142500 | $125000 | $7125 | 0 |
| 6 | $125000 | $151250 | $125000 | $7563 | 0 |
| 7 | $125000 | $160000 | $125000 | $8000 | $8000 |
| 8 | $117000 | $160000 | $125000 | $8000 | $8000 |
| &nbsp;&nbsp; Assume in Account Year 9, you decide to defer taking a withdrawal. Your Withdrawal Benefit Base will increase by <br> 7% of your Bonus Base. Your new Annual Withdrawal Amount will be set equal to 5% of your new Withdrawal <br> Benefit Base, as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you decide to defer taking a withdrawal. Your Withdrawal Benefit Base will increase by <br> 7% of your Bonus Base. Your new Annual Withdrawal Amount will be set equal to 5% of your new Withdrawal <br> Benefit Base, as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you decide to defer taking a withdrawal. Your Withdrawal Benefit Base will increase by <br> 7% of your Bonus Base. Your new Annual Withdrawal Amount will be set equal to 5% of your new Withdrawal <br> Benefit Base, as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you decide to defer taking a withdrawal. Your Withdrawal Benefit Base will increase by <br> 7% of your Bonus Base. Your new Annual Withdrawal Amount will be set equal to 5% of your new Withdrawal <br> Benefit Base, as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you decide to defer taking a withdrawal. Your Withdrawal Benefit Base will increase by <br> 7% of your Bonus Base. Your new Annual Withdrawal Amount will be set equal to 5% of your new Withdrawal <br> Benefit Base, as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you decide to defer taking a withdrawal. Your Withdrawal Benefit Base will increase by <br> 7% of your Bonus Base. Your new Annual Withdrawal Amount will be set equal to 5% of your new Withdrawal <br> Benefit Base, as shown below: |
| 9 | $109000 | $160000 | $125000 | $8000 | $0 |
| 10 | $109000 | $168750 | $125000 | $8438 | $8438 |
| &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the Bonus Period, as your RIE Bonus Period ends 10 years after the <br> previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the Bonus Period, as your RIE Bonus Period ends 10 years after the <br> previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the Bonus Period, as your RIE Bonus Period ends 10 years after the <br> previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the Bonus Period, as your RIE Bonus Period ends 10 years after the <br> previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the Bonus Period, as your RIE Bonus Period ends 10 years after the <br> previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the Bonus Period, as your RIE Bonus Period ends 10 years after the <br> previous step-up. |
| 11 | $100563 | $168750 | $125000 | $8438 | $8438 |
| 12 | $92125 | $168750 | $125000 | $8438 | $8438 |
| 13 | $83688 | $168750 | $125000 | $8438 | $8438 |
| 14 | $75250 | $168750 | $125000 | $8438 | $0 |
| 15 | $75250 | $168750 | $125000 | $8438 | $8438 |

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There is no way to know for certain whether forgoing income in one or more years will increase or decrease the total income paid to the Participant over the life of the annuity. Generally speaking, not taking income in a year will increase the Annual Withdrawal Amount due to the bonus and the potential for step-ups. Therefore, not taking income in one or more years will mean that the Participant will take income in fewer years, but will be entitled to more income in those years.

The total lifetime payments to the Participant could be more or less depending upon investment performance over the life of the Contract and the age to which the Participant lives. Better investment performance and a longer life span generally make it advantageous to forgo the Annual Withdrawal Amount in a limited number of years.

In general the Company's risk is greater when the Participant takes the Annual Withdrawal Amount each year beginning on the RIE Coverage Date.

**Withdrawals Under RIE** 

***Withdrawals After the RIE Coverage Date*** 

Starting on your RIE Coverage Date, you may take withdrawals totaling up to your Annual Withdrawal Amount each Account Year without reducing your Withdrawal Benefit Base. These withdrawals will reduce your Account Value by the amount of the withdrawal, but will not change your Withdrawal Benefit Base. These withdrawals are subject to withdrawal charges 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 your Contract (discussed under "*Free Withdrawal Amount*" under "Withdrawal Charge" in the prospectus to which this Appendix is attached);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your yearly Required Minimum Distribution Amount (subject to conditions discussed under "Certain Tax Provisions" in this Appendix); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Annual Withdrawal Amount.

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Above is an example of withdrawals taken after your RIE Coverage Date. Because they do not exceed your Annual Withdrawal Amount, the withdrawals do not reduce your Withdrawal Benefit Base or your Annual Withdrawal Amount. Because the withdrawals in the example do not exceed your free withdrawal amount permitted under this Contract, your Required Minimum Distribution Amount, or your Annual Withdrawal Amount, they are not subject to any withdrawal charges. If a withdrawal exceeds the greatest of these amounts, then the withdrawal would be subject to withdrawal charges.

***Excess Withdrawals*** 

If you take a withdrawal that exceeds your Annual Withdrawal Amount (or your Required Minimum Distribution Amount, if higher), your Withdrawal Benefit Base and your Bonus Base will be reduced proportionately by the excess amount of the withdrawal. In other words, after an "excess withdrawal," your Bonus Base and your Withdrawal Benefit Base will be reduced according to the following formulas:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Bonus Base | = | **A x** | ( | **C** |) |
| Your new Bonus Base | = | **A x** | ( | **D - E** |) |
| Your new Withdrawal Benefit Base | = | **B x** | ( | **C** |) |
| Your new Withdrawal Benefit Base | = | **B x** | ( | **D - E** |) |

---

Where:

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| | | |
|:---|:---|:---|
| A | = | Your Bonus Base immediately prior to the excess withdrawal. |
| B | = | Your Withdrawal Benefit Base immediately prior to the excess withdrawal. |
| C | = | Your Account Value immediately after the excess withdrawal. |
| D | = | Your Account Value immediately prior to the excess withdrawal. |
| E | = | Your Annual Withdrawal Amount minus any prior partial withdrawals taken during the <br> current Account Year.<br>|

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

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Using the facts of the above example**, assume that in Account Year 7, you take two withdrawals: a $4,000 <br> withdrawal followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does <br> not affect your Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal <br> Amount. Your second withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal <br> Amount. After your second withdrawal, your Bonus Base and your Withdrawal Benefit Base will be reduced as <br> follows: | &nbsp;&nbsp; **Using the facts of the above example**, assume that in Account Year 7, you take two withdrawals: a $4,000 <br> withdrawal followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does <br> not affect your Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal <br> Amount. Your second withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal <br> Amount. After your second withdrawal, your Bonus Base and your Withdrawal Benefit Base will be reduced as <br> follows: | &nbsp;&nbsp; **Using the facts of the above example**, assume that in Account Year 7, you take two withdrawals: a $4,000 <br> withdrawal followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does <br> not affect your Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal <br> Amount. Your second withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal <br> Amount. After your second withdrawal, your Bonus Base and your Withdrawal Benefit Base will be reduced as <br> follows: | &nbsp;&nbsp; **Using the facts of the above example**, assume that in Account Year 7, you take two withdrawals: a $4,000 <br> withdrawal followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does <br> not affect your Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal <br> Amount. Your second withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal <br> Amount. After your second withdrawal, your Bonus Base and your Withdrawal Benefit Base will be reduced as <br> follows: | &nbsp;&nbsp; **Using the facts of the above example**, assume that in Account Year 7, you take two withdrawals: a $4,000 <br> withdrawal followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does <br> not affect your Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal <br> Amount. Your second withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal <br> Amount. After your second withdrawal, your Bonus Base and your Withdrawal Benefit Base will be reduced as <br> follows: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Bonus Base | = | 125000 | x | 121000 - 6000 |
|  |  |  |  | 121000 - (8000 - 4000) |
|  | = | 125000 | x | 115000 |
|  |  |  |  | 117000 |
|  | = | 125000 | x | 0.98291 |
|  |  | 122863 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | 160000 | x | 121000 - 6000 |
|  |  |  |  | 121000 - (8000 - 4000) |
|  | = | 160000 | x | 115000 |
|  |  |  |  | 117000 |
|  | = | 160000 | x | 0.98291 |
|  |  | 157265 |  |  |
| &nbsp;&nbsp; Going forward, your new Annual Withdrawal Amount will be reduced to 5% of your new Withdrawal Benefit Base or <br> $7,863. | &nbsp;&nbsp; Going forward, your new Annual Withdrawal Amount will be reduced to 5% of your new Withdrawal Benefit Base or <br> $7,863. | &nbsp;&nbsp; Going forward, your new Annual Withdrawal Amount will be reduced to 5% of your new Withdrawal Benefit Base or <br> $7,863. | &nbsp;&nbsp; Going forward, your new Annual Withdrawal Amount will be reduced to 5% of your new Withdrawal Benefit Base or <br> $7,863. | &nbsp;&nbsp; Going forward, your new Annual Withdrawal Amount will be reduced to 5% of your new Withdrawal Benefit Base or <br> $7,863. |

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**You should be aware that, if your Account 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 and your Bonus 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, and even terminate, your RIE Benefit, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

***Withdrawals Prior to the RIE Coverage Date (Early Withdrawals)*** 

Withdrawals taken prior to your RIE Coverage Date are subject to withdrawal charges, to the extent such withdrawals are in excess of the "free withdrawal amount" permitted under your Contract. In addition, all withdrawals taken prior to your RIE Coverage Date, **including any "free withdrawal amounts**," will be treated as "early withdrawals" and your Bonus Base and your Withdrawal Benefit Base will be reduced proportionately to the amount of the withdrawal. In other words, your Bonus Base and your Withdrawal Benefit Base will be reduced by the following formulas:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Bonus Base | = | **W x** | ( | **Y** |) |
| Your new Bonus Base | = | **W x** | ( | **Z** |) |
| Your new Withdrawal Benefit Base | = | **X x** | ( | **Y** |) |
| Your new Withdrawal Benefit Base | = | **X x** | ( | **Z** |) |

---

Where:

W = Your Bonus Base immediately prior to the early withdrawal. <br> X = Your Withdrawal Benefit Base immediately prior to the early withdrawal.

------

Y = Your Account Value immediately after the early withdrawal. <br> Z = Your Account Value immediately prior to the early withdrawal.

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the number shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your Bonus Base each <br> year in which you do not take a withdrawal. Your RIE Coverage Date will not occur until your 15th Account <br> Anniversary (the first Account Anniversary after you reach age 59<sup> 1</sup>∕2). Any withdrawals, **including any "free** <br> **withdrawal amount**," you take prior to that time will be "early withdrawals." | &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the number shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your Bonus Base each <br> year in which you do not take a withdrawal. Your RIE Coverage Date will not occur until your 15th Account <br> Anniversary (the first Account Anniversary after you reach age 59 <sup>1</sup>∕2). Any withdrawals, **including any "free** <br> **withdrawal amount**," you take prior to that time will be "early withdrawals." | &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the number shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your Bonus Base each <br> year in which you do not take a withdrawal. Your RIE Coverage Date will not occur until your 15th Account <br> Anniversary (the first Account Anniversary after you reach age 59 <sup>1</sup>∕2). Any withdrawals, **including any "free** <br> **withdrawal amount**," you take prior to that time will be "early withdrawals." | &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the number shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your Bonus Base each <br> year in which you do not take a withdrawal. Your RIE Coverage Date will not occur until your 15th Account <br> Anniversary (the first Account Anniversary after you reach age 59 <sup>1</sup>∕2). Any withdrawals, **including any "free** <br> **withdrawal amount**," you take prior to that time will be "early withdrawals." | &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the number shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your Bonus Base each <br> year in which you do not take a withdrawal. Your RIE Coverage Date will not occur until your 15th Account <br> Anniversary (the first Account Anniversary after you reach age 59 <sup>1</sup>∕2). Any withdrawals, **including any "free** <br> **withdrawal amount**," you take prior to that time will be "early withdrawals." | &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the number shown in the <br> example could be different.) Your Withdrawal Benefit Base and your Bonus Base are each set equal to your initial <br> Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your Bonus Base each <br> year in which you do not take a withdrawal. Your RIE Coverage Date will not occur until your 15th Account <br> Anniversary (the first Account Anniversary after you reach age 59 <sup>1</sup>∕2). Any withdrawals, **including any "free** <br> **withdrawal amount**," you take prior to that time will be "early withdrawals." |
| &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is therefore eligible for an automatic <br> step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage used to <br> calculate the RIE Fee on newly issued Contracts; therefore we will step-up your Withdrawal Benefit Base and your <br> Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is therefore eligible for an automatic <br> step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage used to <br> calculate the RIE Fee on newly issued Contracts; therefore we will step-up your Withdrawal Benefit Base and your <br> Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is therefore eligible for an automatic <br> step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage used to <br> calculate the RIE Fee on newly issued Contracts; therefore we will step-up your Withdrawal Benefit Base and your <br> Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is therefore eligible for an automatic <br> step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage used to <br> calculate the RIE Fee on newly issued Contracts; therefore we will step-up your Withdrawal Benefit Base and your <br> Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is therefore eligible for an automatic <br> step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage used to <br> calculate the RIE Fee on newly issued Contracts; therefore we will step-up your Withdrawal Benefit Base and your <br> Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is therefore eligible for an automatic <br> step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not increased the percentage used to <br> calculate the RIE Fee on newly issued Contracts; therefore we will step-up your Withdrawal Benefit Base and your <br> Bonus Base to $125,000. |
| &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59<sup> 1</sup>∕2), <br> this is an early withdrawal. **All values shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59 <sup>1</sup>∕2), <br> this is an early withdrawal. **All values shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59 <sup>1</sup>∕2), <br> this is an early withdrawal. **All values shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59 <sup>1</sup>∕2), <br> this is an early withdrawal. **All values shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59 <sup>1</sup>∕2), <br> this is an early withdrawal. **All values shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59 <sup>1</sup>∕2), <br> this is an early withdrawal. **All values shown are as of the beginning of the Account Year**. |
| **Account Year** | **Account**<br> **Value**<br>| **Withdrawal**<br> **Benefit Base**<br>| **Bonus Base** | **Annual**<br> **Withdrawal**<br> **Amount**<br>| **Withdrawals** |
| 1 | $100000 | $100000 | $100000 | $0 | 0 |
| 2 | $100000 | $107000 | $100000 | $0 | 0 |
| 3 | $125000 | $125000 | $125000 | $0 | 0 |
| 4 | $125000 | $133750 | $125000 | $0 | 0 |
| 5 | $125000 | $142500 | $125000 | $0 | 0 |
| 6 | $125000 | $151250 | $125000 | $0 | 0 |
| 7 | $125000 | $160000 | $125000 | $0 | $10000 |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| At this point, your Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Bonus Base | = | 125000 | x | 125000 - 10000 |
|  |  |  |  | 125000 |
|  | = | 125000 | x | 115000 |
|  |  |  |  | 125000 |
|  | = | 125000 | x | 0.92000 |
|  |  | 115000 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | 125000 - 10000 |
|  |  |  |  | 125000 |
|  | = | $160000 | x | 115000 |
|  |  |  |  | 125000 |
|  | = | 160000 | x | 0.92000 |
|  | = | 147200 |  |  |
| Your Annual Withdrawal Amount will still be $0 because your have not reached your RIE Coverage Date. | Your Annual Withdrawal Amount will still be $0 because your have not reached your RIE Coverage Date. | Your Annual Withdrawal Amount will still be $0 because your have not reached your RIE Coverage Date. | Your Annual Withdrawal Amount will still be $0 because your have not reached your RIE Coverage Date. | Your Annual Withdrawal Amount will still be $0 because your have not reached your RIE Coverage Date. |

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**You should be aware that early withdrawals could severely reduce, and even terminate, your RIE Benefit, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

In addition to reducing your RIE, any withdrawal before you reach age 59 <sup>1</sup>∕2 could have adverse state and federal tax liabilities. You should consult a qualified tax professional for more information.

***Depleting Your Account Value*** 

**If your Account Value is reduced to zero immediately following an "excess withdrawal" or an "early withdrawal" (as described above), then your Withdrawal Benefit Base will also be reduced to zero and your Contract will terminate without value**. Therefore, your Contract, as well as any benefits available with RIE, will end.

If, on the other hand, your Account Value is reduced to zero through any combination of poor investment performance of the Designated Funds, Contract charges, and withdrawals other than excess or early withdrawals, your Withdrawal Benefit Base will not be reduced. Your Contract will therefore end, but your RIE will continue. That is to say, regardless of your age on the day the Account Value is reduced to zero, you will be entitled to receive your Annual Withdrawal Amount each year for as long as you live.

**Cost of RIE** 

If you elected RIE, we deduct a quarterly fee from your Account Value ("RIE Fee"). The RIE Fee will be taken as a specific deduction from your Account Value on the last valuation day of each Account Quarter. The RIE Fee will be a percentage of your Withdrawal Benefit Base. This percentage will equal 0.1875% of your Withdrawal Benefit Base on the last day of the Account Quarter, if you elected single-life coverage (0.2375% for joint-life coverage). The maximum RIE Fee you can pay in any one Account Year is equal to 0.75% of the highest Withdrawal Benefit Base at any point in that Account Year, if you elected single-life coverage (0.95% for joint-life coverage).

Your RIE Fee will not change during an Account Year, unless you take one of the following specific actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an additional Purchase Payment during your first Account Year, you will increase your Withdrawal Benefit Base and thus your RIE Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make a withdrawal before your RIE Coverage Date or a withdrawal in excess of your Annual Withdrawal Amount, you will decrease your Withdrawal Benefit Base and thus your RIE Fee.

The investment performance of the Designated Funds will not affect your RIE Fee during an Account Year. However, as explained in this Appendix under "Step-Up Under RIE," favorable investment performance may cause the Withdrawal Benefit Base to increase on an Account Anniversary. That would also increase your RIE Fee.

We will continue to deduct the RIE Fee until you annuitize your Contract, your Account Value reduces to zero, or your RIE is terminated or cancelled as described under "Cancellation of RIE" in this Appendix.

We reserve the right to make special offers from time to time. Specifically, we reserve the right to waive the RIE Fee for a limited period on newly issued Contracts. The same waiver would apply to all Contracts issued while we are making the special offer.

**Step-Up Under RIE** 

Regardless of your age on the Issue Date, on each Account Anniversary prior to your Maximum Annuity Commencement Date, we will automatically step-up your Withdrawal Benefit Base and your Bonus Base each to equal your Account Value, provided that certain requirements are satisfied. First, you must meet certain eligibility requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value must equal no more than $5,000,000. (For purposes of determining the $5,000,000 limit, we reserve the right, in our sole discretion, to aggregate your Account Value with the account values of all other variable annuity contracts you own issued by Delaware Life or its affiliates.)

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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;● Your Account Value must be greater than your current Withdrawal Benefit Base, adjusted for any 7% bonus increases.

Note that we have reserved the right to add another requirement for eligibility. We have reserved the right to only allow step-ups if your money is invested in a Fund that is a Designated Fund for newly issued contracts. (See "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.)

If you satisfy the eligibility requirements, then we consider whether market conditions have caused us to increase the percentage used to calculate the RIE Fee on newly issued Contracts. If we are no longer issuing Contracts with the RIE rider then the percentage we use to calculate your RIE Fee will be set based upon current market conditions at that time.

Significant changes in stock market prices, interest rate fluctuations, and competitive industry trends are among the market conditions we consider in whether to change the fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have not had to increase the percentage as described above, the percentage we use to calculate your RIE fee will remain unchanged and we will automatically step-up your Withdrawal Benefit Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have had to increase the percentage as described above, we offer you the opportunity to step-up at the higher percentage. In this case, your prior written consent is required to accept the higher percentage used to calculate your RIE Fee and step-up your Withdrawal Benefit Base. **If you do not consent to the step-up and higher percentage, the step-up will not be implemented and all subsequent step-ups under your RIE will also be suspended.** You may thereafter submit an election form to us, however, to consent to the higher percentage and reactivate subsequent automatic step-ups.

After a step-up, your Annual Withdrawal Amount will be equal to your new Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage. Here is an example of how we calculate a step-up under RIE:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Assume that, because of good investment performance of the Designated Funds during <br> Account Year 2, your Account Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, <br> therefore, eligible for an automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not <br> increased the percentage used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your <br> Withdrawal Benefit Base and your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of <br> your new Withdrawal Benefit Base, or $6,250. All values shown are as of the beginning of the Account Year. | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Assume that, because of good investment performance of the Designated Funds during <br> Account Year 2, your Account Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, <br> therefore, eligible for an automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not <br> increased the percentage used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your <br> Withdrawal Benefit Base and your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of <br> your new Withdrawal Benefit Base, or $6,250. All values shown are as of the beginning of the Account Year. | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Assume that, because of good investment performance of the Designated Funds during <br> Account Year 2, your Account Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, <br> therefore, eligible for an automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not <br> increased the percentage used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your <br> Withdrawal Benefit Base and your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of <br> your new Withdrawal Benefit Base, or $6,250. All values shown are as of the beginning of the Account Year. | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Assume that, because of good investment performance of the Designated Funds during <br> Account Year 2, your Account Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, <br> therefore, eligible for an automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not <br> increased the percentage used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your <br> Withdrawal Benefit Base and your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of <br> your new Withdrawal Benefit Base, or $6,250. All values shown are as of the beginning of the Account Year. | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Assume that, because of good investment performance of the Designated Funds during <br> Account Year 2, your Account Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, <br> therefore, eligible for an automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not <br> increased the percentage used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your <br> Withdrawal Benefit Base and your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of <br> your new Withdrawal Benefit Base, or $6,250. All values shown are as of the beginning of the Account Year. | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE with single-life coverage. (If you selected joint-life coverage the numbers shown in the <br> example could be different.) Assume that, because of good investment performance of the Designated Funds during <br> Account Year 2, your Account Value has grown to $125,000 by the beginning of Account Year 3. Your Contract is, <br> therefore, eligible for an automatic step-up of its Withdrawal Benefit Base and Bonus Base. Assume that we have not <br> increased the percentage used to calculate the RIE Fee on newly issued Contracts; therefore we will step up your <br> Withdrawal Benefit Base and your Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of <br> your new Withdrawal Benefit Base, or $6,250. All values shown are as of the beginning of the Account Year. |
| **Account Year** | **Account**<br> **Value**<br>| **Withdrawal**<br> **Benefit Base**<br>| **Bonus Base** | **Annual**<br> **Withdrawal**<br> **Amount**<br>| **Withdrawals** |
| 1 | $100000 | $100000 | $100000 | $5000 | 0 |
| 2 | $100000 | $107000 | $100000 | $5350 | 0 |
| 3 | $125000 | $125000 | $125000 | $6250 | 0 |
| 4 | $125000 | $133750 | $125000 | $6688 | 0 |
| 5 | $125000 | $142500 | $125000 | $7125 | 0 |
| 6 | $125000 | $151250 | $125000 | $7563 | 0 |
| 7 | $125000 | $160000 | $125000 | $8000 | 0 |
| &nbsp;&nbsp; Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or reduced by an excess <br> withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after the <br> step-up). | &nbsp;&nbsp; Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or reduced by an excess <br> withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after the <br> step-up). | &nbsp;&nbsp; Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or reduced by an excess <br> withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after the <br> step-up). | &nbsp;&nbsp; Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or reduced by an excess <br> withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after the <br> step-up). | &nbsp;&nbsp; Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or reduced by an excess <br> withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after the <br> step-up). | &nbsp;&nbsp; Going forward, your new Bonus Base will be $125,000, unless increased by another step-up or reduced by an excess <br> withdrawal, and your RIE Bonus Period will now end on your 12th Account Anniversary (i.e., ten years after the <br> step-up). |

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**Joint-Life Coverage** 

On the Issue Date, you had the option of electing RIE with single-life coverage or, for a higher RIE Fee, with joint-life coverage. Once you make the election, you cannot switch between joint-life and single-life coverage, regardless of any change in life events. Joint-life coverage is not available if you are unmarried on the Issue Date.

Joint-life coverage can be elected on an individually-owned Contract or on a co-owned Contract. On an individually-owned Contract, joint-life coverage is available only if your spouse is the sole beneficiary on the Issue Date and remains the sole beneficiary while RIE is in effect. On a co-owned Contract, joint-life coverage is available only if you and your spouse are the only co-owners on the Issue Date and remain so while RIE is in effect. Whereas single-life coverage provides annual withdrawals under RIE only until ***any*** Participant dies, joint-life coverage provides annual withdrawals under RIE for as long as ***either*** you or your spouse is alive. (Note, however, upon the death of a spouse, the Contract, (including RIE) ends. **To take annual withdrawals under RIE's joint-life feature after the death of a spouse, the surviving spouse must first elect to continue the Contract through the "Spousal Continuance" provision.)** See also "Death of Participant Under RIE with Joint-Life Coverage" in this Appendix.

If you elected joint-life coverage, the RIE Coverage Date will be your Issue Date if the ***younger spouse*** is at least age 59 <sup>1</sup>∕2 on the Issue Date, and will be the first Account Anniversary after the ***younger spouse*** attains (or would have attained) age 59 <sup>1</sup>∕2 if the younger spouse is less than age 59 <sup>1</sup>∕2 on the Issue Date. (For purposes of joint-life coverage, the younger spouse refers to the person who was the younger spouse on the Issue Date, even if that person has died or is no longer married to the person who was his or her spouse on the Issue Date.) Thus, "early withdrawals" will be determined based upon this definition of your RIE Coverage Date. Your Lifetime Withdrawal Percentage will be determined based on the age that the ***younger spouse*** is (or would have been) on the date of the first withdrawal under the Contract after the RIE Coverage Date, as follows:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Age of Younger Spouse on** <br> **Date of the First Withdrawal After**<br> **Your RIE Coverage Date**<br>| **Lifetime Withdrawal Percentage** |
| 59<sup> 1</sup>∕2 - 69 | 5% |
| 70 - 79 | 6% |
| 80 - or older | 7% |

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Once set, your Lifetime Withdrawal Percentage will remain the same for the life of your RIE. Your Annual Withdrawal Amount equals your Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage.

The two spouses on the Issue Date are the only two people covered under the joint-life feature. If a Participant remarries, the new spouse is not covered under the joint-life feature. Therefore, if the spouse on the Issue Date is no longer your spouse, RIE benefits continue for your life and, when you die, annual withdrawals are no longer available. Note that, when you elect joint-life coverage, you also elect the higher joint-life fee. That fee will not change as long as RIE is in effect, regardless of any change in life events.

**If one spouse is significantly younger than the other spouse, 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 RIE can be made and in light of the higher fee for joint-life coverage.** 

Joint-life coverage may not be available on all Contracts.

**Cancellation of RIE** 

Should you decide that RIE is no longer appropriate for you, you may cancel RIE at any time. Upon cancellation, all benefits and charges under RIE shall cease. Once cancelled, RIE cannot be reinstated.

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Although transfers among the Designated Funds are permitted as described under "Transfer Privilege" in the prospectus to which this Appendix is attached, **RIE will be cancelled automatically**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any Purchase Payment is allocated to an investment option other than a Designated Fund; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any portion of Account Value maintained in a Designated Fund is transferred into an investment option other than a Designated Fund.

**A change of ownership of the Contract may also cancel your benefits under RIE.** 

**Death of Participant Under RIE with Single-Life Coverage** 

If you selected single-life coverage, RIE terminates on the death of any Participant and the Beneficiary may elect to exercise any of the available options under the Death Benefit provisions of the Contract. If your surviving spouse is the sole Beneficiary and elects to continue the Contract, your spouse has the additional option of electing to participate in a new RIE rider on the original Contract (assuming that at the time of election RIE is available to new Participants and your surviving spouse meets certain eligibility requirements). If the surviving spouse makes such election:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the new Account Value and the new Withdrawal Benefit Base will both be set equal to the Death Benefit amount; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the new RIE Fee will be set by us based on market conditions at the time and may be higher than the current RIE Fee.

**Death of Participant Under RIE with Joint-Life Coverage** 

If the surviving spouse on the Death Benefit Date was not the spouse of a Participant on the original Contract's Issue Date, then this section does not apply, even if joint-life coverage was elected. In such case, if a Participant dies while participating in RIE, the provisions of the section in this Appendix titled "Death of Participant Under RIE with Single-Life Coverage" will apply.

If you purchased joint-life coverage and one of the Participants dies, RIE will continue, provided that the surviving spouse, as the sole beneficiary, continues the Contract. In such case:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the new Account Value will be equal to the Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the RIE Fee for the joint-life coverage option will continue for the surviving spouse as it was immediately prior to the death of the Participant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Withdrawal Benefit Base will remain unchanged until the next Account Anniversary when a step-up could apply due to an increase in Account Value (see "Step-Up Under RIE" in this Appendix);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if withdrawals under RIE have not yet begun, the Lifetime Withdrawal Percentage will be based on the age the younger spouse attains (or would have attained) on the date of the first withdrawal after the RIE Coverage Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if withdrawals under RIE have already begun, the Lifetime Withdrawal Percentage will be the Lifetime Withdrawal Percentage that applied to the Contract prior to the death of the Participant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the RIE Bonus Period will continue unchanged from the original contract.

At the death of the surviving spouse, the Contract, including RIE, will terminate.

If you purchased joint-life coverage and the deceased Participant's surviving spouse does not continue the Contract, your Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

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**Annuitization Under RIE** 

Under the terms of RIE, if your Account Value is greater than zero on your Maximum Annuity Commencement Date, you may elect to:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) annuitize your Account Value under one of the then currently available Annuity Options, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) annuitize your remaining Account Value as a single-life annuity (or a joint-life annuity, if joint-life coverage was elected at issue and is still eligible) with an annualized annuity payment of not less than your then current Annual Withdrawal Amount.

If you make no election, we will default your choice to option 3.

If your Account 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 maximum Annuity Commencement Date, you will receive your full Annual Withdrawal Amount until you die. For a more complete discussion of this, see "*Depleting Your Account Value*" in this Appendix.

**Certain Tax Provisions** 

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as RIE. When you elect to participate in the Retirement Income Escalator Benefit, we will inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit. To assist you in complying with the RMD requirements, each year, we will notify you in early January of your calculated Yearly RMD Amount and inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit.

In the event that your Yearly RMD Amount attributable to your Contract is greater than the maximum withdrawal amount permitted each year under the RIE Benefit, we are currently waiving withdrawal provisions as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in the RIE Benefit, we reduce your Account Value dollar for dollar by the amount of the withdrawal. In addition, for that year only, your Annual Withdrawal Amount under the RIE Benefit will be reduced, dollar for dollar, by the amount of the withdrawal. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than your Annual Withdrawal Amount. In other words, we will not reduce your Annual Withdrawal Amount for future years (or your Withdrawal Benefit Base or Bonus Base), if a Yearly RMD Amount exceeds your Annual Withdrawal Amount, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that Amount until the first quarter of the next calendar year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in you receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

If there is any change to the current Code or IRS rules governing the timing or determination of RMD amounts (including, but not limited to, amendments to the current IRS regulations or the issuance of IRS guidance), then we reserve the right to reduce the Annual Withdrawal Amount, Withdrawal Benefit Base or Bonus Base per the terms of the rider regarding excess withdrawals, when a Yearly RMD Amount withdrawn from your Contract exceeds your Annual Withdrawal Amount. (See "Withdrawals under RIE" in this Appendix) Notice will be given to Contract Owners before we exercise this right.

For further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

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**APPENDIX L -Income** <br> **ON Demand**<sup>®</sup>

**The optional living benefit known as Income ON Demand ("Income ON Demand" or "Benefit" or "the rider") was available for all Contracts purchased on or after March 5, 2007 and prior to October 20, 2008 and for certain contracts purchased on or after October 20, 2008. The following information applies to your Contract if you elected to participate in Income ON Demand. Income ON Demand is no longer available for sale on new Contracts.** 

To describe how Income ON Demand works, we use the following definitions:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Income ON Demand Coverage**<br> **Date:**<br>| &nbsp;&nbsp;&nbsp;&nbsp; Your Issue Date if you are at least age 55 at issue, otherwise the first Account<br> Anniversary following your 55th birthday.<br>|
| **Annual Income Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount added to your Stored Income Balance on each Account<br> Anniversary beginning on the Income ON Demand Coverage Date; it is<br> equal to 5% of your Income Benefit Base on the date of crediting.<br>|
| **Stored Income Balance:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount you may withdraw at any time after age 59 <sup>1</sup>∕2 without reducing<br> the Benefit.<br>|
| **Income Benefit Base:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount used to calculate your Annual Income Amount and your<br> "Income ON Demand Fee" (see "Cost of Income ON Demand").<br>|
| **You** and **Your:** | &nbsp;&nbsp;&nbsp;&nbsp; The terms "you" and "your" refer to the oldest Participant or the surviving<br> spouse of the oldest Participant, as described under the sections entitled<br> "Death of Participant Under Income ON Demand with Single-Life<br> Coverage" and "Death of Participant Under Income ON Demand with Joint-<br> Life Coverage." In the case of a non-natural Participant, these terms refer to<br> the oldest Annuitant.<br>|

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**Upon annuitization, Income ON Demand and any elected optional death benefit automatically terminate.** 

Income ON Demand allows you to withdraw a guaranteed amount each year, ***beginning at age 59*** <sup>1</sup>***∕ 2***, until the death of any Participant if single-life coverage is elected (or until the death of both the Participant and the Participant's spouse if joint-life coverage is elected), regardless of the investment performance of the Designated Funds, provided that you comply with certain requirements. The amount you can withdraw, in any one year, is based on 5% of your Income Benefit Base. **Any amount that you do not withdraw in a given year will be stored in the Stored Income Balance and can be withdrawn at any time in the future.** The amount you can withdraw each year can be increased or decreased as described below under "Determining Your Stored Income Balance."

In addition, if you make no withdrawals during the first 10 Account Years, ***regardless of your age on the Issue Date***, we will credit to your Account Value an amount equal to the excess, if any, of your total Purchase Payments over your then Account Value. **If you are participating in Income ON Demand, you may make Purchase Payments only during your first Account Year. After the first Account Anniversary, any Purchase Payments you submit will be returned to you.** 

You also have the option of choosing between single-life coverage and joint-life coverage. These options are described in greater detail in this Appendix under "Joint-Life Coverage" and the sections entitled "Death of Participant Under Income ON Demand with Single-Life Coverage" and "Death of Participant Under Income ON Demand with Joint-Life Coverage."

To participate in Income ON Demand, all of your Account Value must be invested in a Designated Fund at all times during the term of Income ON Demand. (The term of Income ON Demand is for life, unless your Income Benefit Base is reduced to zero or Income ON Demand is terminated or cancelled as described in this Appendix under "Cancellation of

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Income ON Demand," "Depleting Your Account Value," and "Annuitization Under Income ON Demand.") See "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

**Determining Your Income Benefit Base** 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any withdrawals you take prior to becoming age 59 <sup>1</sup>∕2;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any withdrawals you take after becoming age 59 <sup>1</sup>∕2, if such withdrawal is in excess of the Stored Income Balance at the time of the withdrawal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any step-ups as described under "Step-Up Under Income ON Demand" in this Appendix;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased to the extent you exercise your one-time option to use any amount of your Stored Income Balance to increase your Income Benefit Base, as described in this Appendix under "How Income ON Demand Works"; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any subsequent Purchase Payments you make during the first year following the Issue Date.

**Determining Your Stored Income Balance** 

On the ***Income ON Demand Coverage Date***, your Stored Income Balance will equal your Annual Income Amount (i.e., 5% of your Income Benefit Base on that Date). After the initial Stored Income Balance has been set, your Stored Income Balance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increases by 5% of any subsequent Purchase Payments you make during the first year following the Issue Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increases on each Account Anniversary by the amount of your Annual Income Amount determined on that Anniversary,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreases by the amount of any withdrawals you take, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreases by the amount you use in exercising your "one-time" option to increase your Income Benefit Base (described below under "How Income ON Demand Works").

**How Income ON Demand Works** 

Under the terms of Income ON Demand, you can take withdrawals up to the amount of your Stored Income Balance at any time, subject to the terms and conditions discussed below. If your Account Value is reduced to zero (other than as a result of an "early withdrawal" or an "excess withdrawal"), as long as your Income Benefit Base is greater than zero, you will receive your full Annual Income Amount every year until you die. Although your Stored Income Balance will begin accumulating on the Income ON Demand Coverage Date, you may not begin withdrawing your Stored Income Balance until you are (or, for joint-life coverage, the younger spouse is) at least age 59 <sup>1</sup>∕2 without reducing your Income Benefit Base. You can continue to withdraw your Stored Income Balance until your Annuity Commencement Date.

**Note that the timing and amount of your withdrawals may significantly decrease, and even terminate, your total Income ON Demand Benefit, including reducing your Account Value to zero and thereby terminating your Contract without value, as described further in this Appendix under "Withdrawals Under Income ON Demand" and "Tenth-Year Credit." Note also that investing in any Fund, other than a Designated Fund, will cancel Income ON Demand as described under "Cancellation of Income ON Demand" in this Appendix.** 

Your Stored Income Balance can be used in two ways. You can withdraw all or a portion of your Stored Income Balance through partial withdrawals, or you can use all or a portion of your Stored Income Balance to effect a "one-time" increase of your Income Benefit Base.

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Withdrawals from your Stored Income Balance can be taken at any time after age 59 <sup>1</sup>∕2 without affecting your Income Benefit Base. If, at any time after age 59 <sup>1</sup>∕2 and prior to your Annuity Commencement Date, you make a withdrawal that does not exceed your Stored Income Balance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance will be decreased by the amount withdrawn, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the withdrawal will not be subject to surrender charges.

**You also have the option to use all or a portion of your Stored Income Balance to increase your Income Benefit Base. This option allows you to increase your future Annual Income Amount. This option may be exercised only once and must occur prior to your Annuity Commencement Date and prior to the later of your tenth Account Anniversary and the Account Anniversary following your 65th birthday. If you choose to use any portion of your Stored Income Balance to increase your Income Benefit Base:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance will be decreased by the amount used;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the amount of Stored Income Balance used will be added to your Income Benefit Base; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Annual Income Amount will be reset on your next Account Anniversary to equal 5% of the then Income Benefit Base.

After you exercise this "one-time" option, your **new** Annual Income Amount will be added to your Stored Income Balance on each Account Anniversary, unless and until there is another occurrence (as noted in this section) that changes your Annual Income Amount.

Here is an example of how Income ON Demand works.

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in Income ON Demand. Your Income Benefit Base is equal to your initial Purchase Payment on <br> your Issue Date. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, $5,000 will <br> be added each year to your Stored Income Balance. | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in Income ON Demand. Your Income Benefit Base is equal to your initial Purchase Payment on <br> your Issue Date. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, $5,000 will <br> be added each year to your Stored Income Balance. | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in Income ON Demand. Your Income Benefit Base is equal to your initial Purchase Payment on <br> your Issue Date. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, $5,000 will <br> be added each year to your Stored Income Balance. | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in Income ON Demand. Your Income Benefit Base is equal to your initial Purchase Payment on <br> your Issue Date. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, $5,000 will <br> be added each year to your Stored Income Balance. |
| **Year** | **Annual Income Amount** |  | **Stored Income Balance** |
|  | (Amount Added to Stored Income Balance) | → | (Cumulative Balance if No Withdrawals Taken) |
| 1 | $5000 | → | $5000 |
| 2 | $5000 | → | $10000 |
| 3 | $5000 | → | $15000 |
| 4 | $5000 | → | $20000 |
| 5 | $5000 | → | $25000 |
| 6 | $5000 | → | $30000 |
| 7 | $5000 | → | $35000 |
| 8 | $5000 | → | $40000 |
| 9 | $5000 | → | $45000 |
| 10 | $5000 | → | $50000 |

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

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that, immediately prior to your tenth Account Anniversary, you decide to use the full amount of your Stored <br> Income Balance ($50000) to increase your Income Benefit Base. Your Income Benefit Base will be increased to <br> $150,000. Your Annual Income Amount will be $7,500 (5% of your Income Benefit Base). Therefore $7,500 will be <br> added each year to your Stored Income Balance. | &nbsp;&nbsp; Assume that, immediately prior to your tenth Account Anniversary, you decide to use the full amount of your Stored <br> Income Balance ($50000) to increase your Income Benefit Base. Your Income Benefit Base will be increased to <br> $150,000. Your Annual Income Amount will be $7,500 (5% of your Income Benefit Base). Therefore $7,500 will be <br> added each year to your Stored Income Balance. | &nbsp;&nbsp; Assume that, immediately prior to your tenth Account Anniversary, you decide to use the full amount of your Stored <br> Income Balance ($50000) to increase your Income Benefit Base. Your Income Benefit Base will be increased to <br> $150,000. Your Annual Income Amount will be $7,500 (5% of your Income Benefit Base). Therefore $7,500 will be <br> added each year to your Stored Income Balance. | &nbsp;&nbsp; Assume that, immediately prior to your tenth Account Anniversary, you decide to use the full amount of your Stored <br> Income Balance ($50000) to increase your Income Benefit Base. Your Income Benefit Base will be increased to <br> $150,000. Your Annual Income Amount will be $7,500 (5% of your Income Benefit Base). Therefore $7,500 will be <br> added each year to your Stored Income Balance. |
| **Year** | **Annual Income Amount** |  | **Stored Income Balance** |
|  | (Amount Added to Stored Income Balance) | → | (Cumulative Balance if No Withdrawals Taken) |
| 11 | $7500 | → | $7500 |
| 12 | $7500 | → | $15000 |
| 13 | $7500 | → | $22500 |
| 14 | $7500 | → | $30000 |
| 15 | $7500 | → | $37500 |

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

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume ***instead*** that you decide to take a lump sum withdrawal of $50,000, thus depleting your Stored Income <br> Balance. Your Income Benefit Base will remain at $100,000. Your Annual Income Amount remains at $5,000 (5% of <br> your Income Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance. | &nbsp;&nbsp; Assume ***instead*** that you decide to take a lump sum withdrawal of $50,000, thus depleting your Stored Income <br> Balance. Your Income Benefit Base will remain at $100,000. Your Annual Income Amount remains at $5,000 (5% of <br> your Income Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance. | &nbsp;&nbsp; Assume ***instead*** that you decide to take a lump sum withdrawal of $50,000, thus depleting your Stored Income <br> Balance. Your Income Benefit Base will remain at $100,000. Your Annual Income Amount remains at $5,000 (5% of <br> your Income Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance. | &nbsp;&nbsp; Assume ***instead*** that you decide to take a lump sum withdrawal of $50,000, thus depleting your Stored Income <br> Balance. Your Income Benefit Base will remain at $100,000. Your Annual Income Amount remains at $5,000 (5% of <br> your Income Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance. |
| **Year** | **Annual Income Amount** |  | **Stored Income Balance** |
|  | (Amount Added to Stored Income Balance) | → | (Cumulative Balance if No Additional Withdrawals) |
| 11 | $5000 | → | $5000 |
| 12 | $5000 | → | $10000 |
| 13 | $5000 | → | $15000 |
| 14 | $5000 | → | $20000 |
| 15 | $5000 | → | $25000 |

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**Withdrawals Under Income ON Demand** 

***Withdrawals After Age 59*** <sup>1</sup>***∕2*** 

Starting at age 59 <sup>1</sup>∕2, you may take annual withdrawals up to your Stored Income Balance without reducing your future Annual Income Amount. These withdrawals will reduce your Stored Income Balance by the full amount of the withdrawal, but will not change your Income Benefit Base. Withdrawals taken after you reach age 59 <sup>1</sup>∕2 are subject to withdrawal charges 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 your Contract,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your yearly Required Minimum Distribution Amount (subject to conditions discussed in this Appendix under "Certain Tax Provisions").

Here is an example of a partial withdrawal that does not exceed your Stored Income Balance.

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

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Using the facts of the first example**, assume that, immediately prior to your tenth Account Anniversary, you decide <br> to take a lump sum withdrawal of $30,000 from the $50,000 in your Stored Income Balance, thus reducing your <br> Stored Income Balance to $20,000. Your Income Benefit Base will remain at $100,000. Your Annual Income <br> Amount will remain at $5,000 (5% of your Income Benefit Base). Therefore $5,000 will be added each year to your <br> Stored Income Balance. | &nbsp;&nbsp; **Using the facts of the first example**, assume that, immediately prior to your tenth Account Anniversary, you decide <br> to take a lump sum withdrawal of $30,000 from the $50,000 in your Stored Income Balance, thus reducing your <br> Stored Income Balance to $20,000. Your Income Benefit Base will remain at $100,000. Your Annual Income <br> Amount will remain at $5,000 (5% of your Income Benefit Base). Therefore $5,000 will be added each year to your <br> Stored Income Balance. | &nbsp;&nbsp; **Using the facts of the first example**, assume that, immediately prior to your tenth Account Anniversary, you decide <br> to take a lump sum withdrawal of $30,000 from the $50,000 in your Stored Income Balance, thus reducing your <br> Stored Income Balance to $20,000. Your Income Benefit Base will remain at $100,000. Your Annual Income <br> Amount will remain at $5,000 (5% of your Income Benefit Base). Therefore $5,000 will be added each year to your <br> Stored Income Balance. | &nbsp;&nbsp; **Using the facts of the first example**, assume that, immediately prior to your tenth Account Anniversary, you decide <br> to take a lump sum withdrawal of $30,000 from the $50,000 in your Stored Income Balance, thus reducing your <br> Stored Income Balance to $20,000. Your Income Benefit Base will remain at $100,000. Your Annual Income <br> Amount will remain at $5,000 (5% of your Income Benefit Base). Therefore $5,000 will be added each year to your <br> Stored Income Balance. |
| **Year** | **Annual Income Amount** |  | **Stored Income Balance** |
|  | (Amount Added to Stored Income Balance) | → | (Cumulative Balance if No Additional Withdrawals) |
| 11 | $5000 | → | $25000 |
| 12 | $5000 | → | $30000 |
| 13 | $5000 | → | $35000 |
| 14 | $5000 | → | $40000 |
| 15 | $5000 | → | $45000 |

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***Excess Withdrawals*** 

If you take a withdrawal that exceeds your Stored Income Balance (or your Required Minimum Distribution Amount, if higher), your Income Benefit Base will be reset to equal the ***lesser*** of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Income Benefit Base prior to the withdrawal reduced by the amount of the withdrawal in excess of the Stored Income Balance (or your yearly Required Minimum Distribution Amount, if higher), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Account Value after the withdrawal.

Your Annual Income Amount will be recalculated based on the reduced Income Benefit Base. Here is an example of a withdrawal that exceeds your Stored Income Balance, thus reducing future Annual Income Amounts even if the market has performed well.

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Using the facts of the first example**, assume that, immediately prior to your tenth Account Anniversary, you decide <br> to take a lump sum payment of $60,000 thus exceeding your Stored Income Balance of $50,000. Assume also that <br> your Account Value immediately prior to the withdrawal is $120,000. Your Income Benefit Base will be reset to the <br> lesser of (a) your old Income Benefit Base reduced by the excess of your withdrawal over the Stored Income Balance <br> [$100,000 - ($60,000 - $50,000) = $90,000)] or (b) your new Account Value after the withdrawal ($120,000 - <br> $60,000 = $60,000) or $60,000. Your new Annual Income Amount will be $3,000 (5% of your Income Benefit Base). <br> Therefore $3,000 will be added each year to your Stored Income Balance. | &nbsp;&nbsp; **Using the facts of the first example**, assume that, immediately prior to your tenth Account Anniversary, you decide <br> to take a lump sum payment of $60,000 thus exceeding your Stored Income Balance of $50,000. Assume also that <br> your Account Value immediately prior to the withdrawal is $120,000. Your Income Benefit Base will be reset to the <br> lesser of (a) your old Income Benefit Base reduced by the excess of your withdrawal over the Stored Income Balance <br> [$100,000 - ($60,000 - $50,000) = $90,000)] or (b) your new Account Value after the withdrawal ($120,000 - <br> $60,000 = $60,000) or $60,000. Your new Annual Income Amount will be $3,000 (5% of your Income Benefit Base). <br> Therefore $3,000 will be added each year to your Stored Income Balance. | &nbsp;&nbsp; **Using the facts of the first example**, assume that, immediately prior to your tenth Account Anniversary, you decide <br> to take a lump sum payment of $60,000 thus exceeding your Stored Income Balance of $50,000. Assume also that <br> your Account Value immediately prior to the withdrawal is $120,000. Your Income Benefit Base will be reset to the <br> lesser of (a) your old Income Benefit Base reduced by the excess of your withdrawal over the Stored Income Balance <br> [$100,000 - ($60,000 - $50,000) = $90,000)] or (b) your new Account Value after the withdrawal ($120,000 - <br> $60,000 = $60,000) or $60,000. Your new Annual Income Amount will be $3,000 (5% of your Income Benefit Base). <br> Therefore $3,000 will be added each year to your Stored Income Balance. | &nbsp;&nbsp; **Using the facts of the first example**, assume that, immediately prior to your tenth Account Anniversary, you decide <br> to take a lump sum payment of $60,000 thus exceeding your Stored Income Balance of $50,000. Assume also that <br> your Account Value immediately prior to the withdrawal is $120,000. Your Income Benefit Base will be reset to the <br> lesser of (a) your old Income Benefit Base reduced by the excess of your withdrawal over the Stored Income Balance <br> [$100,000 - ($60,000 - $50,000) = $90,000)] or (b) your new Account Value after the withdrawal ($120,000 - <br> $60,000 = $60,000) or $60,000. Your new Annual Income Amount will be $3,000 (5% of your Income Benefit Base). <br> Therefore $3,000 will be added each year to your Stored Income Balance. |
| **Year** | **Annual Income Amount** |  | **Stored Income Balance** |
|  | (Amount Added to Stored Income Balance) | → | (Cumulative Balance if No Additional Withdrawals) |
| 11 | $3000 | → | $3000 |
| 12 | $3000 | → | $6000 |
| 13 | $3000 | → | $9000 |
| 14 | $3000 | → | $12000 |
| 15 | $3000 | → | $15000 |

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**Excess withdrawals taken in a down market could even more severely reduce, and even terminate, your benefits under Income ON Demand, including reducing your Account Value to zero and thereby terminating your Contract without value**. Here is an example of an excess withdrawal taken after the investment performance of the Designated Funds has reduced your Account Value:

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

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Using the facts of the preceding example**, assume that your Account Value immediately prior to the withdrawal is <br> $80,000. Your Income Benefit Base will be reset to equal the lesser of (a) your previous Income Benefit Base <br> reduced by the excess of your withdrawal over the Stored Income Balance [$100,000 - ($60,000 - $50,000) = <br> $90,000)] and (b) your Account Value immediately after the withdrawal ($80,000 - $60,000 = $20,000) or $20,000. <br> Your new Annual Income Amount will be $1,000 (5% of your Income Benefit Base). Therefore, only $1,000 will be <br> added each year to your Stored Income Balance. | &nbsp;&nbsp; **Using the facts of the preceding example**, assume that your Account Value immediately prior to the withdrawal is <br> $80,000. Your Income Benefit Base will be reset to equal the lesser of (a) your previous Income Benefit Base <br> reduced by the excess of your withdrawal over the Stored Income Balance [$100,000 - ($60,000 - $50,000) = <br> $90,000)] and (b) your Account Value immediately after the withdrawal ($80,000 - $60,000 = $20,000) or $20,000. <br> Your new Annual Income Amount will be $1,000 (5% of your Income Benefit Base). Therefore, only $1,000 will be <br> added each year to your Stored Income Balance. | &nbsp;&nbsp; **Using the facts of the preceding example**, assume that your Account Value immediately prior to the withdrawal is <br> $80,000. Your Income Benefit Base will be reset to equal the lesser of (a) your previous Income Benefit Base <br> reduced by the excess of your withdrawal over the Stored Income Balance [$100,000 - ($60,000 - $50,000) = <br> $90,000)] and (b) your Account Value immediately after the withdrawal ($80,000 - $60,000 = $20,000) or $20,000. <br> Your new Annual Income Amount will be $1,000 (5% of your Income Benefit Base). Therefore, only $1,000 will be <br> added each year to your Stored Income Balance. | &nbsp;&nbsp; **Using the facts of the preceding example**, assume that your Account Value immediately prior to the withdrawal is <br> $80,000. Your Income Benefit Base will be reset to equal the lesser of (a) your previous Income Benefit Base <br> reduced by the excess of your withdrawal over the Stored Income Balance [$100,000 - ($60,000 - $50,000) = <br> $90,000)] and (b) your Account Value immediately after the withdrawal ($80,000 - $60,000 = $20,000) or $20,000. <br> Your new Annual Income Amount will be $1,000 (5% of your Income Benefit Base). Therefore, only $1,000 will be <br> added each year to your Stored Income Balance. |
| **Year** | **Annual Income Amount** |  | **Stored Income Balance** |
|  | (Amount Added to Stored Income Balance) |  | (Cumulative Balance if No Additional Withdrawals) |
| 11 | $1000 | → | $1000 |
| 12 | $1000 | → | $2000 |
| 13 | $1000 | → | $3000 |
| 14 | $1000 | → | $4000 |
| 15 | $1000 | → | $5000 |

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***Withdrawals Prior to Age 59*** <sup>1</sup>***∕ 2 (Early Withdrawals)*** 

All withdrawals taken before age 59 <sup>1</sup>∕2, ***including any "free withdrawal amounts,"*** will be considered "early withdrawals" and the Income Benefit Base will be reset to equal the ***lesser*** of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Income Benefit Base prior to the withdrawal reduced by the amount of the withdrawal in excess of the Stored Income Balance (or your yearly Required Minimum Distribution Amount, if higher), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Account Value after the withdrawal.

Your Annual Income Amount will be recalculated based on the reduced Income Benefit Base.

In addition, withdrawals prior to age 59 <sup>1</sup>∕2 will also be subject to withdrawal charges, to the extent such withdrawals are in excess of the "free withdrawal amount" permitted under your Contract. **Early withdrawals could severely reduce, and even terminate, your benefits under Income ON Demand, including reducing your Account Value to zero and thereby terminating your Contract without value.** Here is an example of an early withdrawal taken after the investment performance of the Designated Funds has reduced your Account Value.

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

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 50 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in Income ON Demand. Your Income Benefit Base is set equal to your initial Purchase Payment <br> on your Issue Date ($100000), but benefits under Income ON Demand do not begin to accrue until the first Account <br> Anniversary after your 55th birthday (your Income ON Demand Coverage Date). Assume also that poor investment <br> performance of your underlying funds has reduced your Account Value to $85,000 by the end of your second <br> Account Year. At that time, you decide to withdraw $5,000, further reducing your Account Value to $80,000. Your <br> Income Benefit Base will be reset to $80,000 which is the lesser of (1) your previous Income Benefit Base reduced <br> by the amount of the withdrawal in excess of the Stored Income Balance ($100,000 - $5,000 = $95,000) and (2) your <br> Account Value immediately after the withdrawal ($85,000 - $5,000 = $80,000). Assuming you take no additional <br> withdrawals prior to your Income ON Demand Coverage Date, your Annual Income Amount will be $4,000 (5% of <br> your Income Benefit Base). | &nbsp;&nbsp; Assume that you are age 50 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in Income ON Demand. Your Income Benefit Base is set equal to your initial Purchase Payment <br> on your Issue Date ($100000), but benefits under Income ON Demand do not begin to accrue until the first Account <br> Anniversary after your 55th birthday (your Income ON Demand Coverage Date). Assume also that poor investment <br> performance of your underlying funds has reduced your Account Value to $85,000 by the end of your second <br> Account Year. At that time, you decide to withdraw $5,000, further reducing your Account Value to $80,000. Your <br> Income Benefit Base will be reset to $80,000 which is the lesser of (1) your previous Income Benefit Base reduced <br> by the amount of the withdrawal in excess of the Stored Income Balance ($100,000 - $5,000 = $95,000) and (2) your <br> Account Value immediately after the withdrawal ($85,000 - $5,000 = $80,000). Assuming you take no additional <br> withdrawals prior to your Income ON Demand Coverage Date, your Annual Income Amount will be $4,000 (5% of <br> your Income Benefit Base). | &nbsp;&nbsp; Assume that you are age 50 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in Income ON Demand. Your Income Benefit Base is set equal to your initial Purchase Payment <br> on your Issue Date ($100000), but benefits under Income ON Demand do not begin to accrue until the first Account <br> Anniversary after your 55th birthday (your Income ON Demand Coverage Date). Assume also that poor investment <br> performance of your underlying funds has reduced your Account Value to $85,000 by the end of your second <br> Account Year. At that time, you decide to withdraw $5,000, further reducing your Account Value to $80,000. Your <br> Income Benefit Base will be reset to $80,000 which is the lesser of (1) your previous Income Benefit Base reduced <br> by the amount of the withdrawal in excess of the Stored Income Balance ($100,000 - $5,000 = $95,000) and (2) your <br> Account Value immediately after the withdrawal ($85,000 - $5,000 = $80,000). Assuming you take no additional <br> withdrawals prior to your Income ON Demand Coverage Date, your Annual Income Amount will be $4,000 (5% of <br> your Income Benefit Base). | &nbsp;&nbsp; Assume that you are age 50 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in Income ON Demand. Your Income Benefit Base is set equal to your initial Purchase Payment <br> on your Issue Date ($100000), but benefits under Income ON Demand do not begin to accrue until the first Account <br> Anniversary after your 55th birthday (your Income ON Demand Coverage Date). Assume also that poor investment <br> performance of your underlying funds has reduced your Account Value to $85,000 by the end of your second <br> Account Year. At that time, you decide to withdraw $5,000, further reducing your Account Value to $80,000. Your <br> Income Benefit Base will be reset to $80,000 which is the lesser of (1) your previous Income Benefit Base reduced <br> by the amount of the withdrawal in excess of the Stored Income Balance ($100,000 - $5,000 = $95,000) and (2) your <br> Account Value immediately after the withdrawal ($85,000 - $5,000 = $80,000). Assuming you take no additional <br> withdrawals prior to your Income ON Demand Coverage Date, your Annual Income Amount will be $4,000 (5% of <br> your Income Benefit Base). | &nbsp;&nbsp; Assume that you are age 50 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in Income ON Demand. Your Income Benefit Base is set equal to your initial Purchase Payment <br> on your Issue Date ($100000), but benefits under Income ON Demand do not begin to accrue until the first Account <br> Anniversary after your 55th birthday (your Income ON Demand Coverage Date). Assume also that poor investment <br> performance of your underlying funds has reduced your Account Value to $85,000 by the end of your second <br> Account Year. At that time, you decide to withdraw $5,000, further reducing your Account Value to $80,000. Your <br> Income Benefit Base will be reset to $80,000 which is the lesser of (1) your previous Income Benefit Base reduced <br> by the amount of the withdrawal in excess of the Stored Income Balance ($100,000 - $5,000 = $95,000) and (2) your <br> Account Value immediately after the withdrawal ($85,000 - $5,000 = $80,000). Assuming you take no additional <br> withdrawals prior to your Income ON Demand Coverage Date, your Annual Income Amount will be $4,000 (5% of <br> your Income Benefit Base). |
| **Year** | **Income Benefit Base** | **Annual Income Amount** |  | **Stored Income Balance** |
|  | (beginning of Account Year) | (Amount Added to Stored<br> Income Balance)<br>|  | (Cumulative Balance if No<br> Withdrawals Taken)<br>|
| 1 | $100000 | $0 | → | $0 |
| 2 | $100000 | $0 | → | $0 |
| 3 | $80000 | $0 | → | $0 |
| 4 | $80000 | $0 | → | $0 |
| 5 | $80000 | $0 | → | $0 |
| 6 | $80000 | $4000 | → | $4000 |
| 7 | $80000 | $4000 | → | $8000 |
| 8 | $80000 | $4000 | → | $12000 |
| 9 | $80000 | $4000 | → | $16000 |
| 10 | $80000 | $4000 | → | $20000 |

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In addition to reducing your benefits under Income ON Demand, any withdrawal before age 59 <sup>1</sup>∕2 could have adverse state and federal tax liabilities. You should consult a qualified tax professional for more information.

***Depleting Your Account Value*** 

**If your Account Value is reduced to zero immediately following an "excess withdrawal" or an "early withdrawal" (as described above), then your Stored Income Balance and your Income Benefit Base will both be reduced to zero and your Contract will terminate without value**. Therefore, your Contract, as well as any benefits available with Income ON Demand, will end.

If, on the other hand, your Account Value is reduced to zero through any combination of poor investment performance of the Designated Funds, Contract charges, and withdrawals ***other than*** excess or early withdrawals, your Income Benefit Base will ***not*** be reduced. Your Contract will therefore end, but Income ON Demand will continue. That is to say, regardless of your age on the day the Account Value is reduced to zero, you will be entitled to receive annual payments. These payments will be equal to 5% of the amount of your Income Benefit Base, as determined on that day and increased (if you choose) by any remaining Stored Income Balance as described below. These payments will begin on the first Account Anniversary after your Account Value goes to zero and continue for as long as you live. If you elected joint-life coverage, the payments will continue until the death of both you and your spouse as described in this Appendix under "Death of Participant Under Income ON Demand with Joint-Life Coverage." If you have any remaining Stored Income Balance on the day your Account Value is reduced to zero, you will be notified that, before you begin to receive your "annual lifetime payments," you must deplete your Stored Income Balance by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) taking a lump sum withdrawal of your remaining Stored Income Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) using the remaining amount of your Stored Income Balance to increase your Income Benefit Base (and thus the amount of your "annual lifetime payments"), if you have not already exercised this one-time option as described in this Appendix under "How Income ON Demand Works," ***or*** 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) using a combination of (a) and (b).

Because the Contract has ended, a lump sum withdrawal will not be subject to any withdrawal charges. You should be aware, however, that a lump sum withdrawal could be subject to certain state and federal income tax liability. You should consult a qualified tax professional for more information.

**Cost of Income ON Demand** 

If you elected Income ON Demand, we will deduct a quarterly fee from your Account Value ("Income ON Demand Fee"). The Income ON Demand Fee will be taken as a specific deduction from your Account Value on the last valuation day of each Account Quarter. The Fee will be a percentage of your Income Benefit Base. This percentage rate will equal 0.1625% of your Income Benefit Base on the last day of the Account Quarter, if you elected single-life coverage (0.2125% for joint-life coverage). The maximum Income ON Demand Fee you can pay in any one Account Year is equal to 0.65% of the highest Income Benefit Base at any point in that Account Year, if you elected single-life coverage (0.85% for joint-life coverage).

Your Income ON Demand Fee will ***not*** change during an Account Year, unless you take one of the following specific actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an additional Purchase Payment during your first Account Year, you will ***increase*** your Income Benefit Base and thus your Income ON Demand Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you take advantage of the one-time option to use all or a portion of your Stored Income Balance to ***increase*** your Income Benefit Base and thus your Income ON Demand Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make a withdrawal prior to age 59 <sup>1</sup>∕2 or a withdrawal in excess of your Stored Income Balance, you will ***decrease*** your Income Benefit Base and thus your Income ON Demand Fee.

The investment performance of the Designated Funds will not affect your Income ON Demand Fee during an Account Year. However, as stated in this Appendix under "Step-Up Under Income ON Demand," favorable investment performance may cause the Income Benefit Base to increase on an Account Anniversary. That would also increase your Income ON Demand Fee.

We will continue to deduct the Income ON Demand Fee until you annuitize your Contract, your Account Value reduces to zero, or your Income ON Demand Benefit is cancelled as described under "Cancellation of Income ON Demand" in this Appendix.

**Tenth-Year Credit** 

If you make ***no withdrawals*** during your first ten Account Years, on your tenth Account Anniversary, we will credit your Account Value with an amount equal to the excess, if any, of your total Purchase Payments over your then Account Value. Your Income Benefit Base will not change. This tenth-year credit will be allocated to the Designated Fund in which you are invested at the time.

**Step-Up Under Income ON Demand** 

Regardless of your age on the Issue Date, on each Account Anniversary prior to your Maximum Annuity Commencement Date, we will automatically step-up your Income Benefit Base, ***provided that*** you satisfy certain requirements. ***First***, you must meet eligibility requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value less your Stored Income Balance must equal no more than $5,000,000. (For purposes of determining the $5,000,000 limit, we reserve the right, in our sole discretion, to aggregate your Account Value with the account values of all other variable annuity contracts you own issued by Delaware Life or its affiliates.)

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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;● Your Account Value less your Stored Income Balance must be greater than your current Income Benefit Base. (If you have not yet reached your Income ON Demand Coverage Date and therefore do not yet have a Stored Income Balance, your Account Value must only be greater than your current Income Benefit Base.)

If you satisfy the eligibility requirements, we ***then*** consider whether market conditions have caused us to increase the percentage rate used to calculate the Income ON Demand Fee on newly issued Contracts. If we are no longer issuing Contracts with the Income ON Demand rider then the percentage rate we use to calculate your Income ON Demand Fee will be set based upon current market conditions at that time. Significant changes in stock market prices, interest rate fluctuations, and competitive industry trends are among the market conditions we consider in whether to change the fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have ***not*** had to increase the percentage rate as described above, the percentage rate we use to calculate your Income ON Demand Fee will remain unchanged and we will automatically step-up your Income Benefit Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have had to increase the percentage rate as described above, we offer you the opportunity to step-up at the higher percentage rate. In this case, your written consent is required to accept the higher percentage rate used to calculate your Income ON Demand Fee and step-up Income ON Demand. **If you do not consent to the step-up and higher percentage, the step-up will not be implemented and all subsequent step-ups under Income ON Demand will also be suspended*.*** You may thereafter submit an election form to us, however, in order to consent to the then-applicable percentage rate and thus reactivate subsequent automatic step-ups.

At the time of step-up, the step-up will increase your Income Benefit Base to an amount equal to your Account Value less your Stored Income Balance. After the step-up, your Annual Income Amount will be 5% of your new Income Benefit Base.

**Joint-Life Coverage** 

On the Issue Date, you had the option of electing Income ON Demand with single-life coverage or, for a higher Income ON Demand Fee, with joint-life coverage. Once you make the election, you cannot switch between joint-life and single-life coverage, regardless of any change in life events. Joint-life coverage is not available if you are unmarried on the Issue Date.

Joint-life coverage can be elected on an individually-owned Contract or on a co-owned Contract. On an individually-owned Contract, joint-life coverage is available only if your spouse is the sole beneficiary on the Issue Date and remains the sole beneficiary while Income ON Demand is in effect. On a co-owned Contract, joint-life coverage is available only if you and your spouse are the only co-owners on the Issue Date and remain so while Income ON Demand is in effect. Whereas single-life coverage provides an Annual Income Amount only until **any** Participant dies, joint-life coverage provides an Annual Income Amount for as long as ***either*** you or your spouse is alive. **Note that, for joint-life coverage to continue after the death of any Participant, the surviving spouse must elect to continue the contract through the "Spousal Continuance" provision.** See also "Death of Participant Under Income ON Demand with Joint-Life Coverage" in this Appendix.

If you have elected joint-life coverage, the ***Income On Demand Coverage Date*** will be your Issue Date if the younger spouse is at least age 55 on the Issue Date, and will be the first Account Anniversary after the ***younger spouse*** attains (or would have attained) age 55 if the younger spouse is less than age 55 on the Issue Date. (For purposes of joint-life coverage, the younger spouse refers to the person who was the younger spouse on the Issue date, even if that person has died or is no longer married to the person who was his or her spouse on the Issue Date.) On the Income On Demand Coverage Date, your Annual Income Amount will be calculated and begin accumulating. If withdrawals of the Stored Income Balance are taken before the date the ***younger spouse*** attains (or would have attained) age 59 <sup>1</sup>∕2, the withdrawal will be considered an "early withdrawal," and the Income Benefit Base will be reduced.

The two spouses on the Issue Date are the only two people covered under the joint-life feature. If a Participant remarries, the new spouse is not covered under the joint-life feature. Therefore, if the spouse on the Issue Date is no longer your spouse, the Income ON Demand benefits continue for your life and, when you die, annual withdrawals are no longer

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available. Note that, when you elect joint-life coverage, you also elect the higher joint-life fee. That fee will not change as long as Income ON Demand is in effect, regardless of any change in life events.

**If one spouse is significantly younger than the other spouse, you should carefully consider whether joint-life coverage is an appropriate choice in light of the possibly long waiting period before the benefit begins to store income and in light of the higher fee for joint-life coverage.** 

Joint-life coverage may not be available on all Contracts.

**Cancellation of Income ON Demand** 

Should you decide that Income ON Demand is no longer appropriate for you, you may cancel it at any time. Upon cancellation, all benefits and charges under Income ON Demand shall cease. Once cancelled, the Rider cannot be reinstated.

Although transfers among the Designated Funds are permitted as described under "Transfer Privilege" in the prospectus to which this Appendix is attached**, Income ON Demand will be cancelled automatically**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any Purchase Payment is allocated to an investment option other than a Designated Fund; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any portion of Account Value maintained in a Designated Fund is transferred into an investment option other than a Designated Fund.

**A change of ownership of the Contract may also cancel Income ON Demand.** 

**Death of Participant Under Income ON Demand with Single-Life Coverage** 

If you selected single-life coverage, Income ON Demand terminates on the death of any Participant and the Beneficiary may elect to exercise any of the available options under the Death Benefit provisions of the Contract. Alternately, the Beneficiary may elect to receive the Stored Income Balance. If your surviving spouse is the sole Beneficiary and elects to continue the Contract, your spouse has the additional option of electing to participate in a new Income ON Demand Rider on the original Contract (assuming that, at the time of such election, Income ON Demand is available to new Participants and your surviving spouse meets certain eligibility requirements). If the surviving spouse makes such election:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the new Account Value will be the greater of the Stored Income Balance on the original Contract or the Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the new Income ON Demand Fee will be set by us based on market conditions at the time and may be higher than the current Income ON Demand Fee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the new Income Benefit Base will be equal to the Account Value after any Death Benefit has been credited; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the new Stored Income Balance will be reset to zero.

**Death of Participant Under Income ON Demand with Joint-Life Coverage** 

If the surviving spouse on the Death Benefit Date was not the spouse of a Participant on the original Contract's Issue Date, then this section does not apply, even if joint-life coverage was elected. In such case, if a Participant dies while participating in Income ON Demand, the provisions of the section in this Appendix titled "Death of Participant Under Income ON Demand with Single-Life Coverage" will apply.

If you purchased joint-life coverage and one of the Participants dies, Income ON Demand will continue, provided that the surviving spouse, as the sole beneficiary, continues the Contract. In such case:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the new Account Value will be equal to the Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Stored Income Balance will remain unchanged;

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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 Income Benefit Base will remain unchanged until the next Account Anniversary when a step-up could apply due to an increase in Account Value (see "Step-Up Under Income ON Demand" in this Appendix);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● on each Account Anniversary, the Annual Income Amount will be equal to the Income Benefit Base multiplied by 5%; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Income ON Demand fee for the joint-life coverage option will continue for the surviving spouse as it was immediately prior to the death of the Participant.

At the death of the surviving spouse, the Contract, including Income ON Demand, terminates.

If you purchased joint life coverage and the deceased Participant's surviving spouse does not continue the Contract, your Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

**Annuitization Under Income ON Demand** 

Under the terms of Income ON Demand, if your Account Value is greater than zero on your Maximum Annuity Commencement Date, you may elect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) surrender your Contract and receive your Cash Surrender Value (or your Stored Income Balance, if greater),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) annuitize your Account Value under one of the then currently available Annuity Options, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) &nbsp;&nbsp;&nbsp;&nbsp;(a) receive any remaining Stored Income Balance in a single sum and (b) annuitize your remaining Account Value as a single-life annuity (or a joint-life annuity, if joint-life coverage was elected at issue and you are still eligible to receive it) with an annualized annuity payment of not less than 5% of your then current Income Benefit Base.

If you make no election, we will default your choice to option 3.

If your Account Value has been reduced to zero (other than as a result of an "early withdrawal" or an "excess withdrawal"), and your Income Benefit Base is greater than zero on or before your Maximum Annuity Commencement Date, you will receive your full Annual Income Amount each year until you die. For a more complete discussion of this, see "Depleting Your Account Value" in this Appendix.

**Certain Tax Provisions** 

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as Income ON Demand. When you elect to participate in Income ON Demand, you may withdraw annual amounts up to the Yearly RMD Amount without affecting your benefits under Income ON Demand, subject to the conditions stated below. In the event that your Yearly RMD Amount attributable to your Contract is greater than your Stored Income Balance, we are currently waiving the withdrawal provisions under Income ON Demand as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in Income ON Demand, we reduce your Account Value and your Stored Income Balance, dollar for dollar, by the amount of the withdrawal to a value not less than zero. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than your Stored Income Balance. In other words, if a Yearly RMD Amount exceeds your Stored Income Balance, we will reduce your Stored Income Balance, but we will not reduce your Income Benefit Base, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that Amount until the first quarter of the next calendar year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in you receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

If there is any change to the current Code or IRS rules governing the timing or determination of RMD Amounts (including, but not limited to, amendments to the current IRS regulations or the issuance of IRS guidance), we reserve the

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right, in our sole discretion, to reduce your Stored Income Balance and your Income Benefit Base, or both of these amounts, per the terms of the Income ON Demand Rider regarding excess withdrawals (see "Withdrawals Under Income ON Demand"), when a Yearly RMD Amount withdrawn from your Contract exceeds your Stored Income Balance. Notice will be given to Contract Owners before we exercise this right.

For further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

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**APPENDIX M -INCOME** <br> **ON DEMAND**<sup>®</sup> **II** 

**The optional living benefit known as Income ON Demand II ("IOD II" or "the rider") was available for Contracts purchased on or after October 20, 2008 and prior to February 17, 2009. The following information applies to your Contract if you elected to participate in IOD II. IOD II is no longer available for sale on new Contracts.** 

To describe how IOD II works, we use the following definitions:

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| | |
|:---|:---|
| **Annual Income Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount added to your Stored Income Balance on each Account Anniversary <br> during your Stored Income Period. It is equal to 5% of your Income Benefit Base on <br> the date of crediting.<br>|
| **Early Withdrawal:** | Any withdrawal taken prior to your First Withdrawal Date. |
| **Excess Withdrawal:** | &nbsp;&nbsp;&nbsp;&nbsp; Any withdrawal taken after your First Withdrawal Date that exceeds your Stored <br> Income Balance (or your Required Minimum Distribution Amount, if greater).<br>|
| **Fee Base:** | The amount used to calculate your "IOD II Fee" (see "Cost of IOD II"). |
| **First Withdrawal Date:** | &nbsp;&nbsp;&nbsp;&nbsp; Your Issue Date if you are at least age 59 at issue, otherwise the first Account <br> Anniversary after you attain age 59.<br>|
| **Income Benefit Base:** | The amount used to calculate your Annual Income Amount for IOD II. |
| **Stored Income Balance:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount you may withdraw at any time after your First Withdrawal Date without <br> reducing your benefits under IOD II.<br>|
| **Stored Income Period:** | &nbsp;&nbsp;&nbsp;&nbsp; A period beginning on your Issue Date if you are at least age 50 at issue, otherwise <br> the first Account Anniversary following your 50th birthday, ending on your Annuity <br> Commencement Date.<br>|
| **You** and **Your:** | &nbsp;&nbsp;&nbsp;&nbsp; The terms "you" and "your" refer to the oldest living Participant or the surviving <br> spouse of the oldest Participant, as described under "Death of Participant Under IOD <br> II with Joint-Life Coverage." In the case of a non-natural Participant, these terms <br> refer to the oldest living Annuitant.<br>|

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**Upon annuitization, IOD II and any elected optional death benefit automatically terminate.** 

IOD II allows you to withdraw a guaranteed amount each year, ***beginning after your First Withdrawal Date***, until the death of any Participant if single-life coverage is elected (or until the death of both the Participant and the Participant's spouse if joint-life coverage is elected), regardless of the investment performance of the Designated Funds, provided that you comply with certain requirements. The amount you can withdraw, in any one year, is based on 5% of your Income Benefit Base. **Any amount that you do not withdraw in a given Account Year will remain in the Stored Income Balance and can be withdrawn at any time in the future.** 

**If you are participating in IOD II, you may make Purchase Payments only during your first Account Year. After the first Account Anniversary, any Purchase Payments you submit will be returned to you.** 

To participate in IOD II, all of your Account Value must be invested only in Designated Funds at all times during the term of IOD II. (The term of IOD II is for life, unless your Income Benefit Base is reduced to zero or your benefits under IOD II are terminated or cancelled as described in this Appendix under "Cancellation of IOD II," "*Depleting Your Account Value*," and "Annuitization Under IOD II.") The only Funds, dollar-cost averaging program options, and asset allocation models that currently qualify as Designated Funds are shown in the section entitled "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

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You also have the option of choosing between single-life coverage and joint-life coverage. These options are described in greater detail in this Appendix under "Joint-Life Coverage" and the sections entitled "Death of Participant Under IOD II with Single-Life Coverage" and "Death of Participant Under IOD II with Joint-Life Coverage."

**Determining Your Income Benefit Base** 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased on each Account Anniversary by any step-ups as described under "Step-Up Under IOD II" in this Appendix;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased to the extent that you exercise your one-time option to use any amount of your Stored Income Balance to increase your Income Benefit Base, as described under "How IOD II Works" in this Appendix;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any subsequent Purchase Payments you make during the first year following the Issue Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Early Withdrawals you take, as described under "*Early Withdrawals*" in this Appendix; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Excess Withdrawals you take, as described under "*Excess Withdrawals*" in this Appendix.

**Determining Your Stored Income Balance** 

At the beginning of the Stored Income Period, your Stored Income Balance will equal your Annual Income Amount (i.e., 5% of your Income Benefit Base on that Date). Thereafter, your Stored Income Balance is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by 5% of any subsequent Purchase Payments you make during the first year following the Issue Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased on each Account Anniversary by your Annual Income Amount determined on that Anniversary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased by the amount of any withdrawals you take, on or after your First Withdrawal Date, up to the amount of your Stored Income Balance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased to $0 if you take an Excess Withdrawal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased in proportion to the change in your Account Value if you take an Early Withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased by the amount you use in exercising your one-time option to increase your Income Benefit Base (described under "How IOD II Works").

**How IOD II Works** 

Under the terms of IOD II, you can take withdrawals up to the amount of your Stored Income Balance beginning on your First Withdrawal Date, subject to the terms and conditions discussed below. You can use all or a portion of your Stored Income Balance to effect a one-time increase of your Income Benefit Base prior to your Annuity Commencement Date. If your Account Value is reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), and your Income Benefit Base is greater than zero, you will receive your full Annual Income Amount every year until you die.

Withdrawals from your Stored Income Balance can be taken at any time beginning on your First Withdrawal Date and prior to your Annuity Commencement Date without affecting your Income Benefit Base. If, beginning on your First Withdrawal Date, you make a withdrawal that does not exceed your Stored Income Balance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance will be decreased by the amount withdrawn; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the withdrawal will not be subject to withdrawal charges.

You also have the option to use all or a portion of your Stored Income Balance to increase your Income Benefit Base. This option allows you to increase your future Annual Income Amount. **While your Contract is in force, you may** 

------

**exercise this option only once and you must do so prior to your Annuity Commencement Date.** If you choose to use any portion of your Stored Income Balance to increase your Income Benefit Base:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance will be decreased by the amount used;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the amount of your Stored Income Balance used will be added to your Income Benefit Base; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your new Annual Income Amount on your next Account Anniversary will equal 5% of your new Income Benefit Base.

Here is an example of how IOD II works:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Annual Income <br> Amount is $5,000 (5% of your Income Benefit Base). Therefore, $5,000 will be added each year to your Stored <br> Income Balance. **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Annual Income <br> Amount is $5,000 (5% of your Income Benefit Base). Therefore, $5,000 will be added each year to your Stored <br> Income Balance. **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Annual Income <br> Amount is $5,000 (5% of your Income Benefit Base). Therefore, $5,000 will be added each year to your Stored <br> Income Balance. **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Annual Income <br> Amount is $5,000 (5% of your Income Benefit Base). Therefore, $5,000 will be added each year to your Stored <br> Income Balance. **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Annual Income <br> Amount is $5,000 (5% of your Income Benefit Base). Therefore, $5,000 will be added each year to your Stored <br> Income Balance. **All values shown are as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Annual Income <br> Amount is $5,000 (5% of your Income Benefit Base). Therefore, $5,000 will be added each year to your Stored <br> Income Balance. **All values shown are as of the beginning of the Account Year.** |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 1 | $100000 | $100000 | $5000 | $0 | $5000 |
| 2 | $100000 | $100000 | $5000 | $0 | $10000 |
| 3 | $100000 | $100000 | $5000 | $0 | $15000 |
| 4 | $100000 | $100000 | $5000 | $0 | $20000 |

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (5% of your Income Benefit Base). Therefore $6,250 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (5% of your Income Benefit Base). Therefore $6,250 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (5% of your Income Benefit Base). Therefore $6,250 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (5% of your Income Benefit Base). Therefore $6,250 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (5% of your Income Benefit Base). Therefore $6,250 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (5% of your Income Benefit Base). Therefore $6,250 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $100000 | $5000 | $0 | $25000 |
| 6 | $100000 | $125000 | $6250 | $0 | $6250 |
| 7 | $100000 | $125000 | $6250 | $0 | $12500 |
| 8 | $100000 | $125000 | $6250 | $0 | $18750 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (5% of your Income Benefit Base). Therefore $5,000 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (5% of your Income Benefit Base). Therefore $5,000 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (5% of your Income Benefit Base). Therefore $5,000 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (5% of your Income Benefit Base). Therefore $5,000 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (5% of your Income Benefit Base). Therefore $5,000 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (5% of your Income Benefit Base). Therefore $5,000 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $100000 | $5000 | $25000 | $0 |
| 6 | $75000 | $100000 | $5000 | $0 | $5000 |
| 7 | $75000 | $100000 | $5000 | $0 | $10000 |
| 8 | $75000 | $100000 | $5000 | $0 | $15000 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |

---

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**Early Withdrawals and Excess Withdrawals may significantly decrease, and even terminate, your benefits under IOD II, including reducing your Account Value to zero and thereby terminating your Contract without value, as described further in this Appendix under "Withdrawals Under IOD II."** Even if your Stored Income Period has begun, withdrawals prior to your First Withdrawal Date are considered Early Withdrawals. **Investing in any Fund, other than a Designated Fund, will cancel IOD II as described under "Cancellation of IOD II" in this Appendix.** 

**Withdrawals Under IOD II** 

***Withdrawals After Your First Withdrawal Date*** 

Starting on your First Withdrawal Date and continuing to your Annuity Commencement Date you may take annual withdrawals up to your Stored Income Balance without reducing your future Annual Income Amount. These withdrawals will reduce your Stored Income Balance by the full amount of the withdrawal, but will not change your Income Benefit Base. This is shown in the example above.

Withdrawals taken after your First Withdrawal Date and during the withdrawal charge period permitted under your Contract are subject to withdrawal charges 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 your Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Yearly Required Minimum Distribution Amount (subject to conditions discussed in this Appendix under "Certain Tax Provisions").

***Excess Withdrawals*** 

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - WD** | **)** |
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - SB** | **)** |

---

Where:

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| | | |
|:---|:---|:---|
| IBB | = | Your Income Benefit Base immediately prior to the Excess Withdrawal. |
| WD | = | The amount of the Excess Withdrawal. |
| SB | = | Your Stored Income Balance (or your Yearly Required Minimum Distribution Amount, if <br> greater) immediately prior to the Excess Withdrawal.<br>|
| AV | = | Your Account Value immediately prior to the Excess Withdrawal. |

---

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Your Annual Income Amount will be recalculated based on the reduced Income Benefit Base. Here is an example of an Excess Withdrawal.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that, due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that, due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that, due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that, due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that, due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that, due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $100000 | $5000 | $50000 | $0 |
| 6 | $40000 | $61538 | $3077 | $0 | $3077 |
| 7 | $40000 | $61538 | $3077 | $0 | $6154 |
| 8 | $40000 | $61538 | $3077 | $0 | $9231 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | = | $100,000 x | ( | = | $61538 |
| Your new Income Benefit Base | = | $100,000 x | (<br><sup>$90,000 - $25,000</sup> | = | $61538 |

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**Excess Withdrawals taken in a down market could severely reduce, and even terminate, your benefits under IOD II, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

***Early Withdrawals*** 

All withdrawals taken before your First Withdrawal Date, **including any "free withdrawal amounts"** permitted under your Contract, will be considered Early Withdrawals and the Income Benefit Base and the Stored Income Balance will be reduced using the following formulas:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - WD** | **)** |
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV** | **)** |

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Stored Income Balance | **=** | **SB x** | **(** | **AV - WD** | **)** |
| Your new Stored Income Balance | **=** | **SB x** | **(** | **AV** | **)** |

---

Where:

---

| | | |
|:---|:---|:---|
| IBB | = | Your Income Benefit Base immediately prior to the Early Withdrawal. |
| SB | = | Your Stored Income Balance immediately prior to the Early Withdrawal. |
| WD | = | The amount of the Early Withdrawal. |
| AV | = | Your Account Value immediately prior to the Early Withdrawal. |

---

Your future Annual Income Amount will be recalculated based on the reduced Income Benefit Base.

In addition, Early Withdrawals will also be subject to withdrawal charges, to the extent that such withdrawals are in excess of the "free withdrawal amount" permitted under your Contract. **Early Withdrawals could severely reduce, and even terminate, your benefits under IOD II, including reducing your Account Value to zero and thereby terminating your Contract without value**.

In addition to reducing your benefits under IOD II, any withdrawal before age 59 <sup>1</sup>∕2 could have adverse state and federal tax liabilities. You should consult a qualified tax professional for more information.

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***Depleting Your Account Value*** 

**If your Account Value is reduced to zero immediately following an Early Withdrawal or an Excess Withdrawal (as described above), then your Stored Income Balance and your Income Benefit Base will both be reduced to zero and your Contract will terminate without value. Therefore, your Contract, as well as any benefits available with IOD II will end**.

If your Account Value is reduced to zero through any combination of poor investment performance of the Designated Funds, Contract charges, and withdrawals ***other than*** Excess Withdrawals or Early Withdrawals, your Income Benefit Base will ***not*** be reduced. Your Contract will end. You will be entitled to receive annual payments equal to 5% of the amount of your Income Benefit Base. Prior to determining your annual payments, you may increase your Income Benefit Base by any remaining Stored Income Balance as described below. These payments will continue for as long as you live. If you elected joint-life coverage, the payments will continue as long as either you or your spouse are alive as described in this Appendix under "Death of Participant Under IOD II with Joint-Life Coverage." If you have any remaining Stored Income Balance on the day your Account Value is reduced to zero, you will be notified that, before you begin to receive your "annual lifetime payments," you must deplete your Stored Income Balance by:

(a) withdrawing your remaining Stored Income Balance;

(b) applying the remaining amount of your Stored Income Balance to increase your Income Benefit Base (and thus the amount of your "annual lifetime payments"); or

(c) using a combination of (a) and (b).

Because the Contract has ended, the amount of these annual lifetime payments will not change and they will not be subject to any withdrawal charges. You should be aware, however, that they could be subject to certain state and federal income tax liability. You should consult a qualified tax professional for more information.

**Cost of IOD II** 

If you elected IOD II, we will deduct a quarterly fee from your Account Value ("IOD II Fee"). The IOD II Fee will be taken as a specific deduction from your Account Value on the last valuation day of each Account Quarter and will equal 0.1625 % of your Fee Base on that day, if you elected single-life coverage (0.2125% for joint-life coverage). On an annual basis, the IOD II Fee is equal to 0.65% of your Fee Base if you elected single-life coverage (0.85% for joint-life coverage). We reserve the right to increase the percentage rate used to calculate the IOD II Fee on newly issued Contracts.

During the first Account Year, your Fee Base is equal to your Income Benefit Base. On each Account Anniversary, the Fee Base is recalculated. Your new Fee Base will be reset to equal your Income Benefit Base plus your Stored Income Balance (if any) less your Annual Income Amount for that year if this recalculated amount is higher than your current Fee Base. In the event that the recalculated amount is not greater than your current Fee Base, we will continue to calculate your IOD II Fee based upon your current Fee Base until, at least, your next Account Anniversary. Note that, although your IOD II Fee may increase, it will never decrease.

For the most part, we calculate your Fee Base only on your Account Anniversary. However, we will recalculate your Fee Base between Account Anniversaries, if you take an Early Withdrawal or Excess Withdrawal or make additional Purchase Payments during your first Account Year.

If you take an Excess Withdrawal during your Stored Income Period, your Fee Base will be decreased by the following formula:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Fee Base | = | **Fee Base x** | **(** | **AV - WD** | **)** |
| Your new Fee Base | = | **Fee Base x** | **(** | **AV - SB** | **)** |

---

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If you take an Early Withdrawal, your Fee Base will be decreased by the following formula:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Fee Base | = | **Fee Base x** | **(** | **AV - WD** | **)** |
| Your new Fee Base | = | **Fee Base x** | **(** | **AV** | **)** |

---

Where:

---

| | | |
|:---|:---|:---|
| Fee Base | = | Your Fee Base immediately prior to the Early/Excess Withdrawal. |
| WD | = | The amount of the Early/Excess Withdrawal. |
| SB | = | Your Stored Income Balance (if any) immediately prior to the Excess Withdrawal. |
| AV | = | Your Account Value immediately prior to the Early/Excess Withdrawal. |

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Any additional Purchase Payment you make during your first Account Year will increase your Income Benefit Base as described in this Appendix under "Determining Your Income Benefit Base." Therefore, your Fee Base will increase by any additional Purchase Payments made.

Here is an example of how we calculate your Fee Base:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II with single-life coverage and investment performance of the Designated Funds is constant <br> over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your Income <br> Benefit Base is equal to your initial Purchase Payment on your Issue Date. At issue, your Annual Income Amount is <br> $5,000 (5% of your Income Benefit Base**). All values are shown as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II with single-life coverage and investment performance of the Designated Funds is constant <br> over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your Income <br> Benefit Base is equal to your initial Purchase Payment on your Issue Date. At issue, your Annual Income Amount is <br> $5,000 (5% of your Income Benefit Base**). All values are shown as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II with single-life coverage and investment performance of the Designated Funds is constant <br> over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your Income <br> Benefit Base is equal to your initial Purchase Payment on your Issue Date. At issue, your Annual Income Amount is <br> $5,000 (5% of your Income Benefit Base**). All values are shown as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II with single-life coverage and investment performance of the Designated Funds is constant <br> over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your Income <br> Benefit Base is equal to your initial Purchase Payment on your Issue Date. At issue, your Annual Income Amount is <br> $5,000 (5% of your Income Benefit Base**). All values are shown as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II with single-life coverage and investment performance of the Designated Funds is constant <br> over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your Income <br> Benefit Base is equal to your initial Purchase Payment on your Issue Date. At issue, your Annual Income Amount is <br> $5,000 (5% of your Income Benefit Base**). All values are shown as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II with single-life coverage and investment performance of the Designated Funds is constant <br> over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your Income <br> Benefit Base is equal to your initial Purchase Payment on your Issue Date. At issue, your Annual Income Amount is <br> $5,000 (5% of your Income Benefit Base**). All values are shown as of the beginning of the Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II with single-life coverage and investment performance of the Designated Funds is constant <br> over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your Income <br> Benefit Base is equal to your initial Purchase Payment on your Issue Date. At issue, your Annual Income Amount is <br> $5,000 (5% of your Income Benefit Base**). All values are shown as of the beginning of the Account Year.** |
| &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). |
|  |  |  | **Stored Income Balance** | **Stored Income Balance** | **Stored Income Balance** |  |
| **Year** | **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| *Beginning*<br> *of year*<br>| *Withdrawal*<br> *Amount*<br>| *End*<br> *of year*<br>| **Fee Base** |
| 1 | $100000 | $5000 | $5000 | $0 | $5000 | $100000 |
| 2 | $100000 | $5000 | $10000 | $0 | $10000 | $105000 |
| 3 | $100000 | $5000 | $15000 | $0 | $15000 | $110000 |
| 4 | $100000 | $5000 | $20000 | $0 | $20000 | $115000 |
| &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | **Stored Income Balance** | **Stored Income Balance** | **Stored Income Balance** |  |
| **Year** | **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| *Beginning*<br> *of year*<br>| *Withdrawal*<br> *Amount*<br>| *End*<br> *of year*<br>| **Fee Base** |
| 4 | $100000 | $5000 | $20000 | $20000 | $0 | $115000 |
| 5 | $100000 | $5000 | $5000 | $0 | $5000 | $115000 |
| 6 | $100000 | $5000 | $10000 | $0 | $10000 | $115000 |
| 7 | $100000 | $5000 | $15000 | $0 | $15000 | $115000 |
| 8 | $100000 | $5000 | $20000 | $0 | $20000 | $115000 |
| 9 | $100000 | $5000 | $25000 | $0 | $25000 | $120000 |
| On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. |

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Your IOD II Fee will ***not*** change during an Account Year, unless you take one of the following specific actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an additional Purchase Payment during your first Account Year, you will ***increase*** your Fee Base and thus your IOD II Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an Early Withdrawal or an Excess Withdrawal, you will ***decrease*** your Fee Base and thus your IOD II Fee.

In addition, on your Account Anniversary, the IOD II Fee may also change if we increase the percentage used to calculate the IOD II Fee as described below under "Step-Up Under IOD II."

The investment performance of the Designated Funds will not affect your IOD II Fee during an Account Year. However, as stated below under "Step-Up Under IOD II," favorable investment performance may cause the Income Benefit Base to increase on an Account Anniversary, and thus increase your IOD II Fee.

We will continue to deduct the IOD II Fee until you annuitize your Contract, your Account Value reduces to zero, or your benefits under IOD II are cancelled as described under "Cancellation of IOD II" in this Appendix.

**Step-Up Under IOD II** 

Regardless of your age on the Issue Date, on each Account Anniversary prior to your Annuity Commencement Date, we will automatically step-up your Income Benefit Base, ***provided that*** you satisfy certain requirements. ***First***, you must meet eligibility requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value less your Stored Income Balance must equal no more than $5,000,000. (For purposes of determining the $5,000,000 limit, we reserve the right, in our sole discretion, to aggregate your Account Value with the account values of all other variable annuity contracts you own issued by Delaware Life or its affiliates.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your highest quarter-end Account Value (adjusted for subsequent purchase payments and withdrawals) during the most recent Account Year ("Highest Quarterly Value") minus your Stored Income Balance must be greater than your current Income Benefit Base. (If you have not yet reached your Stored Income Period and therefore do not yet have a Stored Income Balance, your highest quarter-end Account Value must only be greater than your current Income Benefit Base.)

***Second***, if you satisfy the eligibility requirements, we ***then*** consider whether market conditions have caused us to increase the percentage rate used to calculate the IOD II Fee on newly issued Contracts. If we are no longer issuing Contracts with IOD II, then the percentage rate we use to calculate your IOD II Fee will be set based upon current market conditions at that time. Significant changes in stock market prices, interest rate fluctuations, and competitive industry trends are among the market conditions we consider in whether to change the fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have ***not*** had to increase the percentage rate as described above, the percentage rate we use to calculate your IOD II Fee will remain unchanged and we will automatically step-up your Income Benefit Base.

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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;● If we have had to increase the percentage rate as described above, we offer you the opportunity to step-up at the higher percentage rate. In this case, your written consent is required to accept the higher percentage rate used to calculate your IOD II Fee and step-up your Income Benefit Base. **If you do not consent to the step-up and higher percentage, the step-up will not be implemented and all subsequent step-ups of your Income Benefit Base will also be suspended**. You may thereafter submit an election form to us, however, in order to consent to the then-applicable percentage rate and thus reactivate subsequent automatic step-ups.

At the time of step-up, we will increase your Income Benefit Base to an amount equal to the highest adjusted quarterly Account Value less your Stored Income Balance, if such amount exceeds your current Income Benefit Base. After the step-up, your Annual Income Amount will be 5% of your new Income Benefit Base.

Here are examples of how step-up works under a few different circumstances:

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| |
|:---|
| &nbsp;&nbsp; Assume that you are 60 years old when you purchase a Contract with an initial Purchase Payment of $100,000, and <br> that you elect to participate in IOD II with single-life coverage. (If you selected joint-life coverage, the numbers <br> shown in the example could be different.) Your Income Benefit Base is equal to your initial Purchase Payment. Your <br> Annual Income Amount is $5,000 (5% of your Income Benefit Base). Your initial Stored Income Balance is $5,000. |
| &nbsp;&nbsp; In each of the four examples, Account Values shown are as of the last day of each Account Quarter. Adjustments are <br> made on the day a Purchase Payment or withdrawal is made. |
| &nbsp;&nbsp; The Account Values on each of your four Account Quarters are $113,000, $108,000, $90,000, and $103,000, <br> respectively. No additional Purchase Payments are made and no withdrawals are taken, so no adjustments to these <br> values are necessary. Your Stored Income Balance at the end of the fourth Account Quarter is $5,000. The highest <br> adjusted quarterly value is $113,000. Your new Income Benefit Base is set to equal $108,000 ($113,000 - $5,000) <br> since that amount exceeds your previous Income Benefit Base. |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent**<br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | n/a | $113000 | $100000 |
| **End of Second Quarter** | $108000 | n/a | $108000 | $100000 |
| **End of Third Quarter** | $90000 | n/a | $90000 | $100000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $103000 | n/a | $103000 | $100000 |
| &nbsp;&nbsp; **Highest Quarterly Value (after** <br> **adjustments)**<br>|  |  | $113000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | $163000 | $163000 | $163000 |
| **Step-up comparison** | Is ($113,000 - $5,000) greater than $100,000? Yes, so step-up. | Is ($113,000 - $5,000) greater than $100,000? Yes, so step-up. | Is ($113,000 - $5,000) greater than $100,000? Yes, so step-up. | Is ($113,000 - $5,000) greater than $100,000? Yes, so step-up. |
| **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** |
| **New Income Benefit Base =** | $108000 | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. |
| **New Annual Income Amount =** | $5400 | $108,000 x 5% | $108,000 x 5% | $108,000 x 5% |
| **New Stored Income Balance =** | $10400 | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. |
| &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate valves before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate valves before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate valves before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate valves before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate valves before and after step-up. |

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If you make an additional Purchase Payment during your first Account Year, your Account Value and your Income Benefit Base are each immediately increased by the amount of the additional Purchase Payment. Your Stored Income Balance is increased by 5% of the additional Purchase Payment.

Here is an example of how an additional Purchase Payment of $50,000 made in the second Account Quarter would affect your step-up:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent**<br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | $50000 | $163000 | $100000 |
| **$50,000 Purchase Payment** | $163000 | n/a | n/a | $150000 |
| **End of Second Quarter** | $158000 | n/a | $158000 | $150000 |
| **End of Third Quarter** | $140000 | n/a | $140000 | $150000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $153000 | n/a | $153000 | $150000 |
| **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | $163000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | $7,500 (initial $5,000 plus 5% x $50,000) | $7,500 (initial $5,000 plus 5% x $50,000) | $7,500 (initial $5,000 plus 5% x $50,000) |
| **Step-up comparison** | Is ($163,000 - $7,500) greater than $150,000? Yes, so step-up. | Is ($163,000 - $7,500) greater than $150,000? Yes, so step-up. | Is ($163,000 - $7,500) greater than $150,000? Yes, so step-up. | Is ($163,000 - $7,500) greater than $150,000? Yes, so step-up. |
| **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** |
| **New Income Benefit Base =** | $155500 | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. |
| **New Annual Income Amount =** | $7775 | $155,500 x 5% | $155,500 x 5% | $155,500 x 5% |
| **New Stored Income Balance =** | $15275 | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. |
| &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. |

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Here is an example of how a $4,000 withdrawal taken in the second Account Quarter would affect your step-up:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent**<br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | $4000 | $109000 | $100000 |
| **$4,000 Withdrawal** | $109000 | n/a | n/a | $100000 |
| **End of Second Quarter** | $104000 | n/a | $104000 | $100000 |
| **End of Third Quarter** | $86000 | n/a | $86000 | $100000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $99000 | n/a | $99000 | $100000 |
| **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | $109000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | $1,000 (initial $5,000 less $4,000 withdrawal) | $1,000 (initial $5,000 less $4,000 withdrawal) | $1,000 (initial $5,000 less $4,000 withdrawal) |
| **Step-up comparison** | Is ($109,000 - $1,000) greater than $100,000? Yes, so step-up. | Is ($109,000 - $1,000) greater than $100,000? Yes, so step-up. | Is ($109,000 - $1,000) greater than $100,000? Yes, so step-up. | Is ($109,000 - $1,000) greater than $100,000? Yes, so step-up. |
| **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** |
| **New Income Benefit Base =** | $108000 | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. |
| **New Annual Income Amount =** | $5400 | $108,000 x 5% | $108,000 x 5% | $108,000 x 5% |
| **New Stored Income Balance =** | $6400 | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. |
| &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. |

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Assume instead you take a $40,000 withdrawal in the second Account Quarter at a point when the Account Value equaled $99,000 immediately before the withdrawal. Since this withdrawal exceeds your Stored Income Balance, it is considered an Excess Withdrawal. The *Excess Withdrawal* reduces your Income Benefit Base as described in this Appendix under "Excess Withdrawals." All previous quarter-end Account Values are first reduced by the amount of the Stored Income Balance and then adjusted in the same proportion that the Income Benefit Base was adjusted after the Excess Withdrawal. (See the two-step calculation shown in the box below the following example.)

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| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent**<br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | - $45213 | $67787 | $100000 |
| **$40,000 Withdrawal** | $59000 | n/a | n/a | $62766 |
| **End of Second Quarter** | $68000 | n/a | $68000 | $62766 |
| **End of Third Quarter** | $50000 | n/a | $50000 | $62766 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $63000 | n/a | $63000 | $62766 |
| **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | $68000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | $0 | $0 | $0 |
| **Step-up comparison** | Is ($68,000 - $0) greater than $62,766? Yes, so step-up. | Is ($68,000 - $0) greater than $62,766? Yes, so step-up. | Is ($68,000 - $0) greater than $62,766? Yes, so step-up. | Is ($68,000 - $0) greater than $62,766? Yes, so step-up. |
| **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** |
| **New Income Benefit Base =** | $68000 | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. | Highest Quarterly Value (after adjustments) less the<br> Stored Income Balance. |
| **New Annual Income Amount =** | $3400 | $68,000 x 5% | $68,000 x 5% | $68,000 x 5% |
| **New Stored Income Balance =** | $3400 | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account<br> Quarter plus the new Annual Income Amount. |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| (1) | &nbsp;&nbsp; Reduce the end of First Quarter Account Value <br> by the Stored Income Balance<br>| $113000 | - $5000 | $108000 |
| (2) | &nbsp;&nbsp; Adjust Account Value for the first Account <br> Quarter | $108,000 x | $99000 - $40000 | $67787 |
| (2) | &nbsp;&nbsp; Adjust Account Value for the first Account <br> Quarter | $108,000 x | <sup>$99,000 - $5,000</sup> | $67787 |
|  | The total adjustment | $113000 | - $67787 | $45213 |

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**Joint-Life Coverage** 

On the Issue Date, you have the option of electing IOD II with single-life coverage or, for a higher IOD II Fee, with joint-life coverage. Once you make the election, you cannot switch between joint-life and single-life coverage, regardless of any change in life events. Joint-life coverage is not available if you are unmarried on the Issue Date.

Joint-life coverage can be elected on an individually-owned Contract or on a co-owned Contract. On an individually-owned Contract, joint-life coverage is available only if your spouse is the sole primary beneficiary on the Issue Date and remains the sole primary beneficiary while IOD II is in effect. On a co-owned Contract, joint-life coverage is available only if you and your spouse are the only co-owners on the Issue Date and remain so while IOD II is in effect. Whereas single-life coverage provides an Annual Income Amount only until **any** Participant dies, joint-life coverage provides an Annual Income Amount for as long as ***either*** you or your spouse is alive. **Note that, for joint-life coverage to continue after the death of any Participant, the surviving spouse must elect to continue the contract through the "Spousal Continuance" provision**. See also "Death of Participant Under IOD II with Joint-Life Coverage" in this Appendix.

If you have elected joint-life coverage, the ***Stored Income Period*** will begin on your Issue Date if the younger spouse is at least age 50 on the Issue Date. Otherwise it will begin on the first Account Anniversary after the ***younger spouse*** attains (or would have attained) age 50. (For purposes of joint-life coverage, the younger spouse refers to the person who was the younger spouse on the Issue Date, even if that person has died or is no longer married to the person who was his

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or her spouse on the Issue Date.) The First Withdrawal Date will be your Issue Date if the ***younger spouse*** is at least age 59 at issue. Otherwise it will be the first Account Anniversary after the ***younger spouse*** attains (or would have attained) age 59.

The two spouses on the Issue Date are the only two people covered under the joint-life feature. If a Participant remarries, the new spouse is not covered under the joint-life feature. Therefore, if the spouse on the Issue Date is no longer your spouse, your benefits under IOD II continue for your life and, when you die, annual withdrawals are no longer available. Note that, when you elect joint-life coverage, you also elect the higher joint-life fee. The percentage rate of the fee will not be reduced regardless of any change in life events.

**If one spouse is significantly younger than the other spouse, you should carefully consider whether joint-life coverage is an appropriate choice in light of the possibly long waiting period before the benefit begins to store income and in light of the higher fee for joint-life coverage.** 

Joint-life coverage may not be available on all Contracts.

**Cancellation of IOD II** 

Should you decide that IOD II is no longer appropriate for you, you may cancel IOD II at any time. Upon cancellation, all benefits and charges under IOD II shall cease. Once cancelled, IOD II cannot be reinstated.

Although transfers among the Designated Funds are permitted as described under "Transfer Privilege" in the prospectus to which this Appendix is attached, **IOD II will be cancelled automatically**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any Purchase Payment is allocated to an investment option other than a Designated Fund; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any portion of Account Value maintained in a Designated Fund is transferred into an investment option other than a Designated Fund.

**IOD II will also be cancelled for any of the following:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon a termination of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon annuitization\*; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Income Benefit Base is reduced to zero as a result of Early or Excess Withdrawals.

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\*

Note that the Maximum Annuity Commencement Date permitted under this Contract is the first day of the month following the Annuitant's 95th birthday. See "Selection of Annuity Commencement Date" under "THE INCOME PHASE - ANNUITY PROVISIONS" in the prospectus to which this Appendix is attached.

**A change of ownership may also cancel your benefits under IOD II.** 

**Death of Participant Under IOD II with Single-Life Coverage** 

If you elected single-life coverage, IOD II terminates on the death of any Participant and the Beneficiary may elect to exercise any of the available options under the Death Benefit provisions of the Contract. Alternately, the Beneficiary may elect to receive the Stored Income Balance.

**Death of Participant Under IOD II with Joint-Life Coverage** 

If the surviving spouse on the Death Benefit Date was not the spouse of a Participant on the original Contract's Issue Date, then this section does not apply, even if joint-life coverage was elected. In such case, if a Participant dies while participating in IOD II, the provisions of the section titled "Death of Participant Under IOD II with Single-Life Coverage" will apply.

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If you purchased joint-life coverage and one of the Participants dies, IOD II 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;● the new Account Value will be equal to the Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Stored Income Balance will remain unchanged;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Income Benefit Base will remain unchanged until the next Account Anniversary when a step-up could apply due to an increase in the Account Value (see "Step-Up Under IOD II");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● on each Account Anniversary, the Annual Income Amount will be equal to the Income Benefit Base multiplied by 5%; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the percentage rate of the IOD II Fee for the joint-life coverage option will continue for the surviving spouse as it was immediately prior to the death of the Participant.

At the death of the surviving spouse, the Contract, including IOD II, terminates.

If you purchased joint-life coverage and the deceased Participant's surviving spouse does not continue the Contract, your Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

**Annuitization Under IOD II** 

Under the terms of IOD II, if your Account Value is greater than zero on your Maximum Annuity Commencement Date, you may elect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) surrender your Contract and receive your Cash Surrender Value (or your Stored Income Balance, if greater);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) annuitize your Account Value under one of the Annuity Options available on that date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) &nbsp;&nbsp;&nbsp;&nbsp;(a) receive any remaining Stored Income Balance in a single sum and (b) annuitize your remaining Account Value as a single-life annuity (or a joint-life annuity, if joint-life coverage was elected at issue and you are still eligible to receive it) with an annualized annuity payment of not less than 5% of your then current Income Benefit Base.

If you make no election, we will default your choice to option 3.

If your Account Value has been reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), and your Income Benefit Base is greater than zero on or before your Maximum Annuity Commencement Date, you will receive your full Annual Income Amount each year until you die. For a more complete discussion of this, see "Depleting Your Account Value" in this Appendix.

**Certain Tax Provisions** 

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as IOD II. When you elect to participate in IOD II, you may withdraw annual amounts up to the Yearly RMD Amount without affecting your benefit, subject to the conditions stated below. In the event that your Yearly RMD Amount attributable to your Contract is greater than your Stored Income Balance, we are currently waiving the withdrawal provisions under IOD II as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in IOD II, we reduce your Account Value and your Stored Income Balance, dollar for dollar, by the amount of the withdrawal to a value not less than zero. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than your Stored Income Balance. In other words, if a Yearly RMD Amount exceeds your Stored Income Balance, we will reduce your Stored Income Balance, but we will not reduce your Income Benefit Base, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that Amount until the first quarter of the next calendar year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in you receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

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Currently, any withdrawal in excess of the Annual Income Amount or Stored Income Balance that is taken to satisfy the Yearly RMD Amounts will not be treated as an Excess Withdrawal, and will not reduce the Income Benefit Base. **However, if there is any material change to the current Code or IRS Rules governing the timing or determination of required minimum distribution amounts, then the Company reserves the right to treat any withdrawal greater than the Annual Income Amount or Stored Income Balance as an Excess Withdrawal which may significantly reduce the Income Benefit Base.** 

For a further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

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**APPENDIX N -Income** <br> **ON Demand**<sup>®</sup> **II Plus** 

**The optional living benefit known as Income ON Demand II Plus ("IOD II Plus" or "the rider") was available for Contracts purchased on or after October 20, 2008 and prior to February 17, 2009. The following information applies to your Contract if you elected to participate in IOD II Plus. IOD II Plus is no longer available for sale on new Contracts.** 

Income ON Demand II Plus provides an annual income guarantee for life. In early years, you can increase your guarantee if you defer withdrawals. In later years, you can store the annual guarantee amounts not withdrawn. To describe how IOD II Plus works, we use the following definitions:

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| | |
|:---|:---|
| **Annual Income Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; An amount equal to your current Income Benefit Base multiplied by 5%, calculated <br> on each Account Anniversary.<br>|
| **Early Withdrawal:** | Any withdrawal taken prior to your First Withdrawal Date. |
| **Excess Withdrawal:** | &nbsp;&nbsp;&nbsp;&nbsp; Any withdrawal taken after your First Withdrawal Date that (a) when added to all <br> prior withdrawals taken in that Account Year, exceeds the Annual Income Amount <br> (or your Required Minimum Distribution Amount, if greater) while in the IOD II <br> Plus Bonus Period or (b) exceeds your Stored Income Balance (or your Required <br> Minimum Distribution Amount, if greater) while in the Stored Income Period.<br>|
| **Fee Base:** | The amount used to calculate your "IOD II Plus Fee" (see "Cost of IOD II Plus"). |
| **First Withdrawal Date:** | &nbsp;&nbsp;&nbsp;&nbsp; Your Issue Date if you are at least age 59 at issue, otherwise the first Account <br> Anniversary after you attain age 59.<br>|
| **Income Benefit Base:** | The amount used to calculate your Annual Income Amount for IOD II Plus. |
| **IOD II Plus Bonus Base:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount on which bonuses are calculated. The IOD II Plus Bonus Base is equal <br> to the sum of your Purchase Payments, increased by any "step-ups" (described <br> below) and reduced for any Early Withdrawals or any Excess Withdrawals.<br>|
| **IOD II Plus Bonus Period:** | &nbsp;&nbsp;&nbsp;&nbsp; A ten-year period commencing on the Issue Date. If you "step-up" IOD II <br> Plus,(described below) during the IOD II Plus Bonus Period, the IOD II Plus Bonus <br> Period is extended to ten years from the date of the step-up.<br>|
| **Stored Income Balance:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount you may withdraw at any time during your Stored Income Period and <br> after your First Withdrawal Date without reducing your benefits under IOD II Plus.<br>|
| **Stored Income Period:** | &nbsp;&nbsp;&nbsp;&nbsp; A period beginning on the latest of your first Account Anniversary, the end of your <br> IOD II Plus Bonus Period, or the first Account Anniversary following your 50th <br> birthday, and ending on your Annuity Commencement Date.<br>|
| **You** and **Your:** | &nbsp;&nbsp;&nbsp;&nbsp; The terms "you" and "your" refer to the oldest living Participant or the surviving <br> spouse of the oldest Participant, as described under "Death of Participant Under <br> IOD II Plus with Joint-Life Coverage." In the case of a non-natural Participant, <br> these terms refer to the oldest living Annuitant.<br>|

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**Upon annuitization, IOD II Plus and any elected optional death benefit automatically terminate.** 

IOD II Plus allows you to withdraw a guaranteed amount each year, ***beginning after your First Withdrawal Date***, until the death of any Participant if single-life coverage is elected (or until the death of both the Participant and the Participant's spouse if joint-life coverage is elected), regardless of the investment performance of the Designated Funds, provided that you comply with certain requirements. The amount you can withdraw, in any one year, is based on 5% of

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your Income Benefit Base. **If you make no withdrawals (including Required Minimum Distribution Amounts) in an Account Year during your IOD II Plus Bonus Period, we will increase your Income Benefit Base by an amount equal to 7% of your IOD II Plus Bonus Base.** 

You may choose to end the current Bonus Period at any time as long as you are at least age 50. The Stored Income Period will begin on the first Account Anniversary following your election. You can elect to end the Bonus Period by notifying us by written request, mailed to our Service Address.

**After your IOD II Plus Bonus Period ends and your Stored Income Period begins, we will not increase your Income Benefit Base by an amount equal to 7% of your IOD II Plus Bonus Base. Instead, your Annual Income Amount will be added each year to your Stored Income Balance.** 

**If you are participating in IOD II Plus, you may make Purchase Payments only during your first Account Year. After the first Account Anniversary, any Purchase Payments you submit will be returned you.** 

To participate in IOD II Plus, all of your Account Value must be invested only in Designated Funds at all times during the term of IOD II Plus. (The term of IOD II Plus is for life, unless your Income Benefit Base is reduced to zero or your benefits under IOD II Plus are terminated or cancelled as described in this Appendix under "Cancellation of IOD II Plus," "*Depleting Your Account Value*," and "Annuitization Under IOD II Plus.") The only Funds, dollar-cost averaging program options, and asset allocation models that currently qualify as Designated Funds are as shown in the section entitled "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

You also have the option of choosing between single-life coverage and joint-life coverage. These options are described in greater detail in this Appendix under "Joint-Life Coverage" and the sections entitled "Death of Participant Under IOD II Plus with Single-Life Coverage" and "Death of Participant Under IOD II Plus with Joint-Life Coverage."

**Determining Your Income Benefit Base** 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased on each Account Anniversary by any applicable bonus amount during the IOD II Plus Bonus Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased on each Account Anniversary by any step-ups as described under "Step-Up Under IOD II Plus" in this Appendix;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased to the extent that you exercise your one-time option to use any amount of your Stored Income Balance to increase your Income Benefit Base, as described under "How IOD II Plus Works" in this Appendix;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any subsequent Purchase Payments you make during the first year following the Issue Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Early Withdrawals you take, as described under *"Early Withdrawals"* in this Appendix; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Excess Withdrawals you take, as described under *"Excess Withdrawals"* in this Appendix.

**Determining Your Stored Income Balance** 

At the beginning of the Stored Income Period, your Stored Income Balance will equal your Annual Income Amount (i.e., 5% of your Income Benefit Base on that Date). Thereafter, your Stored Income Balance is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased on each Account Anniversary by your Annual Income Amount determined on that Anniversary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased by the amount of any withdrawals you take, on or after your First Withdrawal Date, up to the amount of your Stored Income Balance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased to $0 if you take an Excess Withdrawal;

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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;● decreased in proportion to the change in your Account Value if you take an Early Withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased by the amount you use in exercising your one-time option to increase your Income Benefit Base (described below under "How IOD II Plus Works").

**How IOD II Plus Works** 

***During the IOD II Plus Bonus Period*** 

During the IOD II Plus Bonus Period, in each year that you do not take a withdrawal, your Income Benefit Base will be increased by an amount equal to 7% of your IOD II Plus Bonus Base. However, if this amount is less than the amount you will receive under a step-up, the Income Benefit Base will instead be increased by the step-up amount, unless there is a fee increase as described under "Step-Up Under IOD II Plus." In the case of a fee increase, we will notify you in writing, in advance of your Contract Anniversary, and seek your written consent to the step-up and fee increase. If you do take a withdrawal, you are still eligible for step-up. (See "Step-Up under IOD II Plus" in this Appendix.) In this way, if you defer taking withdrawals during your early Account Years, you will be able to take larger withdrawals in later Account Years. Your Annual Income Amount, during this period, is not cumulative. Any unused portion of your Annual Income Amount in any Account Year, during the IOD II Plus Bonus Period cannot be applied to a future year.

During each Account Year, beginning on your First Withdrawal Date, you can take withdrawals totaling up to the amount of your Annual Income Amount, subject to the terms and conditions discussed below. Even if your Account Value is reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), as long as your Income Benefit Base is greater than zero, you will receive your full Annual Income Amount every year until you die.

***During the Stored Income Period*** 

During the Stored Income Period on each Account Anniversary, your Annual Income Amount is added to your Stored Income Balance. You can take withdrawals up to the amount of your Stored Income Balance beginning on your First Withdrawal Date, subject to the terms and conditions discussed below. You can use all or a portion of your Stored Income Balance to effect a one-time increase of your Income Benefit Base prior to your Annuity Commencement Date. If your Account Value is reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), and your Income Benefit Base is greater than zero, you will receive your full Annual Income Amount every year until you die.

Withdrawals from your Stored Income Balance can be taken at any time beginning on your First Withdrawal Date and prior to your Annuity Commencement Date without affecting your Income Benefit Base. If, beginning on your First Withdrawal Date, you make a withdrawal that does not exceed your Stored Income Balance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance will be decreased by the amount withdrawn; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the withdrawal will not be subject to withdrawal charges.

You also have the option to use all or a portion of your Stored Income Balance to increase your Income Benefit Base. This option allows you to increase your future Annual Income Amount. **While your Contract is in force, you may exercise this option only once and you must do so prior to your Annuity Commencement Date.** If you choose to use any portion of your Stored Income Balance to increase your Income Benefit Base:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance will be decreased by the amount used;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the amount of your Stored Income Balance used will be added to your Income Benefit Base; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your new Annual Income Amount on your next Account Anniversary will equal 5% of your new Income Benefit Base.

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Here is an example of how IOD II Plus works:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. You decide to remain in the <br> IOD II Plus Bonus Period for two years. The IOD II Plus Bonus Base is $100,000 for year one and year two. The <br> bonus amount is 7% of the IOD II Plus Bonus Base. You wait until your third Account Year before you begin your <br> Stored Income Period. At issue, your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All** <br> **values are shown as of the beginning of the Account Year, except for the bonus which occurs at the end of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. You decide to remain in the <br> IOD II Plus Bonus Period for two years. The IOD II Plus Bonus Base is $100,000 for year one and year two. The <br> bonus amount is 7% of the IOD II Plus Bonus Base. You wait until your third Account Year before you begin your <br> Stored Income Period. At issue, your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All** <br> **values are shown as of the beginning of the Account Year, except for the bonus which occurs at the end of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. You decide to remain in the <br> IOD II Plus Bonus Period for two years. The IOD II Plus Bonus Base is $100,000 for year one and year two. The <br> bonus amount is 7% of the IOD II Plus Bonus Base. You wait until your third Account Year before you begin your <br> Stored Income Period. At issue, your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All** <br> **values are shown as of the beginning of the Account Year, except for the bonus which occurs at the end of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. You decide to remain in the <br> IOD II Plus Bonus Period for two years. The IOD II Plus Bonus Base is $100,000 for year one and year two. The <br> bonus amount is 7% of the IOD II Plus Bonus Base. You wait until your third Account Year before you begin your <br> Stored Income Period. At issue, your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All** <br> **values are shown as of the beginning of the Account Year, except for the bonus which occurs at the end of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. You decide to remain in the <br> IOD II Plus Bonus Period for two years. The IOD II Plus Bonus Base is $100,000 for year one and year two. The <br> bonus amount is 7% of the IOD II Plus Bonus Base. You wait until your third Account Year before you begin your <br> Stored Income Period. At issue, your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All** <br> **values are shown as of the beginning of the Account Year, except for the bonus which occurs at the end of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elect to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) <br> Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. You decide to remain in the <br> IOD II Plus Bonus Period for two years. The IOD II Plus Bonus Base is $100,000 for year one and year two. The <br> bonus amount is 7% of the IOD II Plus Bonus Base. You wait until your third Account Year before you begin your <br> Stored Income Period. At issue, your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All** <br> **values are shown as of the beginning of the Account Year, except for the bonus which occurs at the end of the** <br> **Account Year.** |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Bonus Amount** | **Stored Income**<br> **Balance**<br>|
| 1 | $100000 | $100000 | $5000 | $7000 | $0 |
| 2 | $100000 | $107000 | $5350 | $7000 | $0 |
| 3 | $100000 | $114000 | $5700 | n/a | $5700 |
| 4 | $100000 | $114000 | $5700 | n/a | $11400 |

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($17100) to increase your <br> Income Benefit Base thereby reducing your Stored Income balance to $0. On your next Account Anniversary, your <br> Income Benefit Base of $114,000 will be increased to $131,100 and your Annual Income Amount will be $6,555 <br> (5% of your Income Benefit Base). Therefore $6,555 will be added each year to your Stored Income Balance unless <br> your Annual Income Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($17100) to increase your <br> Income Benefit Base thereby reducing your Stored Income balance to $0. On your next Account Anniversary, your <br> Income Benefit Base of $114,000 will be increased to $131,100 and your Annual Income Amount will be $6,555 <br> (5% of your Income Benefit Base). Therefore $6,555 will be added each year to your Stored Income Balance unless <br> your Annual Income Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($17100) to increase your <br> Income Benefit Base thereby reducing your Stored Income balance to $0. On your next Account Anniversary, your <br> Income Benefit Base of $114,000 will be increased to $131,100 and your Annual Income Amount will be $6,555 <br> (5% of your Income Benefit Base). Therefore $6,555 will be added each year to your Stored Income Balance unless <br> your Annual Income Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($17100) to increase your <br> Income Benefit Base thereby reducing your Stored Income balance to $0. On your next Account Anniversary, your <br> Income Benefit Base of $114,000 will be increased to $131,100 and your Annual Income Amount will be $6,555 <br> (5% of your Income Benefit Base). Therefore $6,555 will be added each year to your Stored Income Balance unless <br> your Annual Income Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($17100) to increase your <br> Income Benefit Base thereby reducing your Stored Income balance to $0. On your next Account Anniversary, your <br> Income Benefit Base of $114,000 will be increased to $131,100 and your Annual Income Amount will be $6,555 <br> (5% of your Income Benefit Base). Therefore $6,555 will be added each year to your Stored Income Balance unless <br> your Annual Income Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($17100) to increase your <br> Income Benefit Base thereby reducing your Stored Income balance to $0. On your next Account Anniversary, your <br> Income Benefit Base of $114,000 will be increased to $131,100 and your Annual Income Amount will be $6,555 <br> (5% of your Income Benefit Base). Therefore $6,555 will be added each year to your Stored Income Balance unless <br> your Annual Income Amount changes. |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Bonus Amount** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $114000 | $5700 | n/a | $17100 |
| 6 | $100000 | $131100 | $6555 | n/a | $6555 |
| 7 | $100000 | $131100 | $6555 | n/a | $13110 |
| 8 | $100000 | $131100 | $6555 | n/a | $19665 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $17,100, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $114,000 and <br> your Annual Income Amount remains at $5,700 (5% of your Income Benefit Base). Therefore $5,700 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $17,100, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $114,000 and <br> your Annual Income Amount remains at $5,700 (5% of your Income Benefit Base). Therefore $5,700 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $17,100, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $114,000 and <br> your Annual Income Amount remains at $5,700 (5% of your Income Benefit Base). Therefore $5,700 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $17,100, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $114,000 and <br> your Annual Income Amount remains at $5,700 (5% of your Income Benefit Base). Therefore $5,700 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $17,100, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $114,000 and <br> your Annual Income Amount remains at $5,700 (5% of your Income Benefit Base). Therefore $5,700 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $17,100, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $114,000 and <br> your Annual Income Amount remains at $5,700 (5% of your Income Benefit Base). Therefore $5,700 will be added <br> each year to your Stored Income Balance unless your Annual Income Amount changes. |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $114000 | $5700 | $17100 | $0 |
| 6 | $82900 | $114000 | $5700 | $0 | $5700 |
| 7 | $82900 | $114000 | $5700 | $0 | $11400 |
| 8 | $82900 | $114000 | $5700 | $0 | $17100 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |

---

**Early Withdrawals and Excess Withdrawals may significantly decrease, and even terminate, your benefits under IOD II Plus, including reducing your Account Value to zero and thereby terminating your Contract without value, as described further under "Withdrawals Under IOD II Plus." Even if your Stored Income Period has begun,** 

------

**withdrawals prior to your First Withdrawal Date are considered Early Withdrawals. Investing in any Fund, other than a Designated Fund, will cancel IOD II Plus as described under "Cancellation of IOD II Plus" in this Appendix.** 

**Withdrawals Under IOD II Plus** 

***Withdrawals After Your First Withdrawal Date*** 

Your First Withdrawal Date may occur during either your IOD II Plus Bonus Period or your Stored Income Period. If your First Withdrawal Date occurs during the IOD II Plus Bonus Period, you may take withdrawals up to your Annual Income Amount each year without reducing your future Annual Income Amount. Each withdrawal will reduce your Annual Income Amount for that year by the full amount of that withdrawal. You will not be eligible for a 7% bonus during any Account Year in which you have taken a withdrawal. If your First Withdrawal Date occurs during your Stored Income Period, withdrawals, up to the amount of your Stored Income Balance, will reduce your Stored Income Balance by the full amount of the withdrawal, but will not change your Income Benefit Base. This is shown in the example above.

Withdrawals taken after your First Withdrawal Date and during the withdrawal charge period permitted under your Contract are subject to withdrawal charges 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 your Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● either your Annual Income Amount (during the IOD II Plus Bonus Period) or your Stored Income Balance (during the Stored Income Period); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Yearly Required Minimum Distribution Amount (subject to conditions discussed in this Appendix under "Certain Tax Provisions").

***Excess Withdrawals*** 

An Excess Withdrawal can occur during the IOD II Plus Bonus Period or the Stored Income Period. During the IOD II Plus Bonus Period, if you take an Excess Withdrawal, both your Income Benefit Base and your IOD II Plus Bonus Base will be reduced according to the following formulas:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - WD** | **)** |
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - AIA** | **)** |
| Your new IOD II Plus Bonus Base | **=** | **BB x** | **(** | **AV - WD** | **)** |
| Your new IOD II Plus Bonus Base | **=** | **BB x** | **(** | **AV - AIA** | **)** |

---

Where:

---

| | | |
|:---|:---|:---|
| IBB | = | Your Income Benefit Base immediately prior to the Excess Withdrawal. |
| BB | = | Your IOD II Plus Bonus Base immediately prior to the Excess Withdrawal. |
| WD | = | The amount of the Excess Withdrawal. |
| AIA | = | Your remaining Annual Income Amount immediately prior to the Excess Withdrawal <br> minus any prior partial withdrawals taken during the current Account Year.<br>|
| AV | = | Your Account Value immediately prior to the Excess Withdrawal. |

---

During the Stored Income Period, if you take an Excess Withdrawal, your Stored Income Balance will be reduced to zero. In addition, your Income Benefit Base will be reduced according to the following formula:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - WD** | **)** |
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - SB** | **)** |

---

------

Where:

---

| | | |
|:---|:---|:---|
| IBB | = | Your Income Benefit Base immediately prior to the Excess Withdrawal. |
| WD | = | The amount of the Excess Withdrawal. |
| SB | = | Your Stored Income Balance immediately prior to the Excess Withdrawal (or your <br> Required Minimum Distribution Amount, if greater).<br>|
| AV | = | Your Account Value immediately prior to the Excess Withdrawal. |

---

Your Annual Income Amount will be recalculated on your next Account Anniversary based on the reduced Income Benefit Base. Here is an example of an Excess Withdrawal.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $62,551 as shown below and your new Annual Income Amount will be 5% of your new Income <br> Benefit base ($3128). The Annual Withdrawal Amount of $3,128 will be added to your Stored Income Balance. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $62,551 as shown below and your new Annual Income Amount will be 5% of your new Income <br> Benefit base ($3128). The Annual Withdrawal Amount of $3,128 will be added to your Stored Income Balance. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $62,551 as shown below and your new Annual Income Amount will be 5% of your new Income <br> Benefit base ($3128). The Annual Withdrawal Amount of $3,128 will be added to your Stored Income Balance. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $62,551 as shown below and your new Annual Income Amount will be 5% of your new Income <br> Benefit base ($3128). The Annual Withdrawal Amount of $3,128 will be added to your Stored Income Balance. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $62,551 as shown below and your new Annual Income Amount will be 5% of your new Income <br> Benefit base ($3128). The Annual Withdrawal Amount of $3,128 will be added to your Stored Income Balance. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year, your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $62,551 as shown below and your new Annual Income Amount will be 5% of your new Income <br> Benefit base ($3128). The Annual Withdrawal Amount of $3,128 will be added to your Stored Income Balance. |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $114000 | $5700 | $50000 | $0 |
| 6 | $50000 | $62551 | $3128 | $0 | $3128 |
| 7 | $50000 | $62551 | $3128 | $0 | $62561 |
| 8 | $50000 | $62551 | $3128 | $0 | $9384 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | = | $114,000 x | **(** | **=** | $62551 |
| Your new Income Benefit Base | = | $114,000 x | **(**<br><sup>$90,000 - $17,100</sup> | **=** | $62551 |

---

**Excess Withdrawals taken in a down market could severely reduce, and even terminate, your benefits under IOD II Plus, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

***Early Withdrawals*** 

An Early Withdrawal can occur during the IOD II Plus Bonus Period or the Stored Income Period. Any withdrawals, **including any "free withdrawal amounts,"** taken before the First Withdrawal Date are Early Withdrawals. If an Early Withdrawal occurs during your IOD II Plus Bonus Period, your Annual Income Amount will be reduced by the full amount of the withdrawal. In addition, your IOD II Plus Bonus Base will be reduced according to the following formula:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new IOD II Plus Bonus Base | **=** | **BB x** | **(** | **AV - WD** | **)** |
| Your new IOD II Plus Bonus Base | **=** | **BB x** | **(** | **AV** | **)** |

---

If the Early Withdrawal occurs during the Stored Income Period, your Stored Income Balance will be reduced using the following formula:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Stored Income Balance | **=** | **SB x** | **(** | **AV - WD** | **)** |
| Your new Stored Income Balance | **=** | **SB x** | **(** | **AV** | **)** |

---

In either the IOD II Plus Bonus Period or Stored Income Period, your new Income Benefit Base will equal:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | = | **IBB x** | **(** | **AV - WD** | **)** |
| Your new Income Benefit Base | = | **IBB x** | **(** | **AV** | **)** |

---

------

Where:

---

| | | |
|:---|:---|:---|
| IBB | = | Your Income Benefit Base immediately prior to the Early Withdrawal. |
| BB | = | Your IOD II Plus Bonus Base immediately prior to the Early Withdrawal. |
| SB | = | Your Stored Income Balance immediately prior to the Early Withdrawal. |
| WD | = | The amount of the Early Withdrawal. |
| AV | = | Your Account Value immediately prior to the Early Withdrawal. |

---

Your future Annual Income Amount will be recalculated based on the reduced Income Benefit Base.

In addition, Early Withdrawals will also be subject to withdrawal charges, to the extent that such withdrawals are in excess of the "free withdrawal amount" permitted under your Contract. **Early Withdrawals could severely reduce, and even terminate, your benefits under IOD II Plus, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

In addition to reducing your benefits under IOD II Plus, any withdrawal before your First Withdrawal Date could have adverse state and federal income tax liability. You should consult a qualified tax professional for more information.

***Depleting Your Account Value*** 

**If your Account Value is reduced to zero immediately following an Early Withdrawal or an Excess Withdrawal (as described above), then your Stored Income Balance (if any), your IOD II Plus Bonus Base (if any), and your Income Benefit Base will all be reduced to zero and your Contract will terminate without value.** Therefore, your Contract, as well as any benefits available with IOD II Plus, will end.

If your Account Value is reduced to zero through any combination of poor investment performance of the Designated Funds, Contract charges, and withdrawals ***other than*** Excess Withdrawals or Early Withdrawals, your Income Benefit Base will ***not*** be reduced. Your Contract will end, but you will be entitled to receive annual payments as follows.

If you were in the IOD II Plus Bonus Period on the day the Account Value was reduced to zero, regardless of your age, you will be entitled to receive annual amounts equal to 5% of your Income Benefit Base each year for as long as you live.

If you were in the Stored Income Period on the day the Account Value was reduced to zero, you will be entitled to receive annual amounts equal to 5% of your Income Benefit Base. Prior to determining your annual payments, you may increase your Income Benefit Base by any remaining Stored Income Balance as described below. These payments will continue for as long as you live. If you elected joint-life coverage, the payments will continue as long as either you or your spouse are alive as described in this Appendix under "Death of Participant Under IOD II Plus with Joint-Life Coverage." If you have any remaining Stored Income Balance on the day your Account Value is reduced to zero, you will be notified that, before you begin to receive your "annual lifetime payments," you must deplete your Stored Income Balance by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) withdrawing your remaining Stored Income Balance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) applying the remaining amount of your Stored Income Balance to increase your Income Benefit Base (and thus the amount of your "annual lifetime payments"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) using a combination of (a) and (b).

Because the Contract has ended, the amount of these annual lifetime payments will not change and they will not be subject to any withdrawal charges. You should be aware, however, that they could be subject to certain state and federal income tax liability. You should consult a qualified tax professional for more information.

------

**Cost of IOD II Plus** 

If you elected IOD II Plus, we will deduct a quarterly fee from your Account Value ("IOD II Plus Fee"). The IOD II Plus Fee will be taken as a specific deduction from your Account Value on the last valuation day of each Account Quarter and will equal 0.2375 % of your Fee Base on that day, if you elected single-life coverage (0.2875% for joint-life coverage). On an annual basis, the IOD II Plus Fee is equal to 0.95% of your Fee Base if you elected single-life coverage (1.15% for joint-life coverage). We reserve the right to increase the percentage rate used to calculate the IOD II Plus Fee on newly issued Contracts.

During the first Account Year, your Fee Base is equal to your Income Benefit Base. On each Account Anniversary, the Fee Base is recalculated. During the IOD II Plus Bonus Period, your new Fee Base will be reset to equal your Income Benefit Base, if your Income Benefit Base is higher than your current Fee Base. During the Stored Income Period, your new Fee Base will be reset to equal your Income Benefit Base plus your Stored Income Balance (if any) less your Annual Income Amount for that year if this recalculated amount is higher than your current Fee Base. In the event that the recalculated amount is not greater than your current Fee Base, we will continue to calculate your IOD II Plus Fee based upon your current Fee Base until, at least, your next Account Anniversary. Note that, although your IOD II Plus Fee may increase, it will never decrease.

For the most part, we calculate your Fee Base only on your Account Anniversary. However, we will recalculate your Fee Base between Account Anniversaries, if you take an Early Withdrawal or Excess Withdrawal or make additional Purchase Payments during your first Account Year.

If you take an Excess Withdrawal during your IOD II Plus Bonus Period, your Fee Base will be decreased by the following formula:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV - WD** | **)** |
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV - AIA** | **)** |

---

If you take an Excess Withdrawal during your Stored Income Period, your IOD II Plus Fee Base will be decreased by the following formula:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV - WD** | **)** |
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV - SB** | **)** |

---

If you take an Early Withdrawal, your IOD II Plus Fee Base will be decreased by the following formula:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV - WD** | **)** |
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV** | **)** |

---

Where:

---

| | | |
|:---|:---|:---|
| Fee Base | = | Your IOD II Plus Fee Base immediately prior to the Early/Excess Withdrawal. |
| WD | = | The amount of the Early/Excess Withdrawal. |
| SB | = | Your Stored Income Balance (if any) immediately prior to the Excess Withdrawal. |
| AIA | = | Your Annual Income Amount immediately prior to the Excess Withdrawal minus any <br> prior partial withdrawals taken during the current Account Year.<br>|
| AV | = | Your Account Value immediately prior to the Early/Excess Withdrawal. |

---

Any additional Purchase Payment you make during your first Account Year will increase your Income Benefit Base as described in this Appendix under "Determining Your Income Benefit Base." Therefore, your Fee Base will increase by any additional Purchase Payments made.

------

Here is an example of how we calculate your Fee Base:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment ($100000) on your Issue Date. Your IOD II Plus Bonus <br> Base is equal to your initial Purchase Payment ($100000). At issue, your Annual Income Amount is $5,000 (5% of your <br> Income Benefit Base). You wait until your third Account Year before you elect to begin your Stored Income Period. <br> During the IOD II Plus Bonus Period, in years that withdrawals are not taken, your Income Benefit Base increases by 7% <br> of your IOD II Plus Bonus Base (assuming no step-up). At the beginning of your Stored Income Period, Year 3, your <br> Annual Income Amount has increased to $5,700. **All values are shown as of the beginning of the Account Year unless** <br> **otherwise stated.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment ($100000) on your Issue Date. Your IOD II Plus Bonus <br> Base is equal to your initial Purchase Payment ($100000). At issue, your Annual Income Amount is $5,000 (5% of your <br> Income Benefit Base). You wait until your third Account Year before you elect to begin your Stored Income Period. <br> During the IOD II Plus Bonus Period, in years that withdrawals are not taken, your Income Benefit Base increases by 7% <br> of your IOD II Plus Bonus Base (assuming no step-up). At the beginning of your Stored Income Period, Year 3, your <br> Annual Income Amount has increased to $5,700. **All values are shown as of the beginning of the Account Year unless** <br> **otherwise stated.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment ($100000) on your Issue Date. Your IOD II Plus Bonus <br> Base is equal to your initial Purchase Payment ($100000). At issue, your Annual Income Amount is $5,000 (5% of your <br> Income Benefit Base). You wait until your third Account Year before you elect to begin your Stored Income Period. <br> During the IOD II Plus Bonus Period, in years that withdrawals are not taken, your Income Benefit Base increases by 7% <br> of your IOD II Plus Bonus Base (assuming no step-up). At the beginning of your Stored Income Period, Year 3, your <br> Annual Income Amount has increased to $5,700. **All values are shown as of the beginning of the Account Year unless** <br> **otherwise stated.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment ($100000) on your Issue Date. Your IOD II Plus Bonus <br> Base is equal to your initial Purchase Payment ($100000). At issue, your Annual Income Amount is $5,000 (5% of your <br> Income Benefit Base). You wait until your third Account Year before you elect to begin your Stored Income Period. <br> During the IOD II Plus Bonus Period, in years that withdrawals are not taken, your Income Benefit Base increases by 7% <br> of your IOD II Plus Bonus Base (assuming no step-up). At the beginning of your Stored Income Period, Year 3, your <br> Annual Income Amount has increased to $5,700. **All values are shown as of the beginning of the Account Year unless** <br> **otherwise stated.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment ($100000) on your Issue Date. Your IOD II Plus Bonus <br> Base is equal to your initial Purchase Payment ($100000). At issue, your Annual Income Amount is $5,000 (5% of your <br> Income Benefit Base). You wait until your third Account Year before you elect to begin your Stored Income Period. <br> During the IOD II Plus Bonus Period, in years that withdrawals are not taken, your Income Benefit Base increases by 7% <br> of your IOD II Plus Bonus Base (assuming no step-up). At the beginning of your Stored Income Period, Year 3, your <br> Annual Income Amount has increased to $5,700. **All values are shown as of the beginning of the Account Year unless** <br> **otherwise stated.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment ($100000) on your Issue Date. Your IOD II Plus Bonus <br> Base is equal to your initial Purchase Payment ($100000). At issue, your Annual Income Amount is $5,000 (5% of your <br> Income Benefit Base). You wait until your third Account Year before you elect to begin your Stored Income Period. <br> During the IOD II Plus Bonus Period, in years that withdrawals are not taken, your Income Benefit Base increases by 7% <br> of your IOD II Plus Bonus Base (assuming no step-up). At the beginning of your Stored Income Period, Year 3, your <br> Annual Income Amount has increased to $5,700. **All values are shown as of the beginning of the Account Year unless** <br> **otherwise stated.** | &nbsp;&nbsp; Assume that you are age 60 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Plus with single-life coverage and investment performance of the Designated Funds is <br> constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment ($100000) on your Issue Date. Your IOD II Plus Bonus <br> Base is equal to your initial Purchase Payment ($100000). At issue, your Annual Income Amount is $5,000 (5% of your <br> Income Benefit Base). You wait until your third Account Year before you elect to begin your Stored Income Period. <br> During the IOD II Plus Bonus Period, in years that withdrawals are not taken, your Income Benefit Base increases by 7% <br> of your IOD II Plus Bonus Base (assuming no step-up). At the beginning of your Stored Income Period, Year 3, your <br> Annual Income Amount has increased to $5,700. **All values are shown as of the beginning of the Account Year unless** <br> **otherwise stated.** |
| &nbsp;&nbsp; During the IOD II Plus Bonus Period (Account Years 1 and 2), the Fee Base is set equal to your Income Benefit Base. <br> During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($114000) plus the Stored <br> Income Balance ($11400) less your Annual Income Amount ($5700) if that amount ($119700) is greater than the <br> previous Fee Base ($114000). | &nbsp;&nbsp; During the IOD II Plus Bonus Period (Account Years 1 and 2), the Fee Base is set equal to your Income Benefit Base. <br> During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($114000) plus the Stored <br> Income Balance ($11400) less your Annual Income Amount ($5700) if that amount ($119700) is greater than the <br> previous Fee Base ($114000). | &nbsp;&nbsp; During the IOD II Plus Bonus Period (Account Years 1 and 2), the Fee Base is set equal to your Income Benefit Base. <br> During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($114000) plus the Stored <br> Income Balance ($11400) less your Annual Income Amount ($5700) if that amount ($119700) is greater than the <br> previous Fee Base ($114000). | &nbsp;&nbsp; During the IOD II Plus Bonus Period (Account Years 1 and 2), the Fee Base is set equal to your Income Benefit Base. <br> During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($114000) plus the Stored <br> Income Balance ($11400) less your Annual Income Amount ($5700) if that amount ($119700) is greater than the <br> previous Fee Base ($114000). | &nbsp;&nbsp; During the IOD II Plus Bonus Period (Account Years 1 and 2), the Fee Base is set equal to your Income Benefit Base. <br> During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($114000) plus the Stored <br> Income Balance ($11400) less your Annual Income Amount ($5700) if that amount ($119700) is greater than the <br> previous Fee Base ($114000). | &nbsp;&nbsp; During the IOD II Plus Bonus Period (Account Years 1 and 2), the Fee Base is set equal to your Income Benefit Base. <br> During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($114000) plus the Stored <br> Income Balance ($11400) less your Annual Income Amount ($5700) if that amount ($119700) is greater than the <br> previous Fee Base ($114000). | &nbsp;&nbsp; During the IOD II Plus Bonus Period (Account Years 1 and 2), the Fee Base is set equal to your Income Benefit Base. <br> During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($114000) plus the Stored <br> Income Balance ($11400) less your Annual Income Amount ($5700) if that amount ($119700) is greater than the <br> previous Fee Base ($114000). |
|  |  |  | **Stored Income Balance** | **Stored Income Balance** | **Stored Income Balance** |  |
| **Year** | **Income**<br> **Benefit**<br> **Base**<br>| **Annual**<br> **Income** <br> **Amount**<br>| ***Beginning***<br> ***of year***<br>| ***Withdrawal***<br> ***Amount***<br>| ***End***<br> ***of year***<br>| **Fee Base** |
| 1 | $100000 | $5000 | $0 | $0 | $0 | $100000 |
| 2 | $107000 | $5350 | $0 | $0 | $0 | $107000 |
| 3 | $114000 | $5700 | $5700 | $0 | $5700 | $114000 |
| 4 | $114000 | $5700 | $11400 | $0 | $11400 | $119700 |
| &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take an $11,400 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($114000) plus your Stored Income Balance ($0) less your Annual Income <br> Amount ($5700) is less than the current Fee Base ($119700), so there is no change to the Fee Base as shown below. <br> In Account Year 7, the Fee Base is reset. Your Income Benefit Base ($114000) plus your Stored Income Balance <br> ($17100) less your Annual income Amount ($5700), results in an amount of $125,400, an amount that is greater <br> than the previous Fee Base ($119700). | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take an $11,400 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($114000) plus your Stored Income Balance ($0) less your Annual Income <br> Amount ($5700) is less than the current Fee Base ($119700), so there is no change to the Fee Base as shown below. <br> In Account Year 7, the Fee Base is reset. Your Income Benefit Base ($114000) plus your Stored Income Balance <br> ($17100) less your Annual income Amount ($5700), results in an amount of $125,400, an amount that is greater <br> than the previous Fee Base ($119700). | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take an $11,400 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($114000) plus your Stored Income Balance ($0) less your Annual Income <br> Amount ($5700) is less than the current Fee Base ($119700), so there is no change to the Fee Base as shown below. <br> In Account Year 7, the Fee Base is reset. Your Income Benefit Base ($114000) plus your Stored Income Balance <br> ($17100) less your Annual income Amount ($5700), results in an amount of $125,400, an amount that is greater <br> than the previous Fee Base ($119700). | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take an $11,400 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($114000) plus your Stored Income Balance ($0) less your Annual Income <br> Amount ($5700) is less than the current Fee Base ($119700), so there is no change to the Fee Base as shown below. <br> In Account Year 7, the Fee Base is reset. Your Income Benefit Base ($114000) plus your Stored Income Balance <br> ($17100) less your Annual income Amount ($5700), results in an amount of $125,400, an amount that is greater <br> than the previous Fee Base ($119700). | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take an $11,400 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($114000) plus your Stored Income Balance ($0) less your Annual Income <br> Amount ($5700) is less than the current Fee Base ($119700), so there is no change to the Fee Base as shown below. <br> In Account Year 7, the Fee Base is reset. Your Income Benefit Base ($114000) plus your Stored Income Balance <br> ($17100) less your Annual income Amount ($5700), results in an amount of $125,400, an amount that is greater <br> than the previous Fee Base ($119700). | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take an $11,400 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($114000) plus your Stored Income Balance ($0) less your Annual Income <br> Amount ($5700) is less than the current Fee Base ($119700), so there is no change to the Fee Base as shown below. <br> In Account Year 7, the Fee Base is reset. Your Income Benefit Base ($114000) plus your Stored Income Balance <br> ($17100) less your Annual income Amount ($5700), results in an amount of $125,400, an amount that is greater <br> than the previous Fee Base ($119700). | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take an $11,400 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($114000) plus your Stored Income Balance ($0) less your Annual Income <br> Amount ($5700) is less than the current Fee Base ($119700), so there is no change to the Fee Base as shown below. <br> In Account Year 7, the Fee Base is reset. Your Income Benefit Base ($114000) plus your Stored Income Balance <br> ($17100) less your Annual income Amount ($5700), results in an amount of $125,400, an amount that is greater <br> than the previous Fee Base ($119700). |
|  |  |  | **Stored Income Balance** | **Stored Income Balance** | **Stored Income Balance** |  |
| **Year** | **Income**<br> **Benefit**<br> **Base**<br>| **Annual**<br> **Income** <br> **Amount**<br>| ***Beginning***<br> ***of year***<br>| ***Withdrawal***<br> ***Amount***<br>| ***End***<br> ***of year***<br>| **Fee Base** |
| 4 | $114000 | $5700 | $11400 | $11400 | $0 | $119700 |
| 5 | $114000 | $5700 | $5700 | $0 | $5700 | $119700 |
| 6 | $114000 | $5700 | $11400 | $0 | $11400 | $119700 |
| 7 | $114000 | $5700 | $17100 | $0 | $17100 | $125400 |
| On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. |

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Your IOD II Plus Fee will ***not*** change during an Account Year, unless you take one of the following specific actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an additional Purchase Payment during your first Account Year, you will ***increase*** your Fee Base and thus your IOD II Plus Fee.

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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;● If you make an Early Withdrawal or an Excess Withdrawal, you will ***decrease*** your Fee Base and thus your IOD II Plus Fee.

In addition, on your Account Anniversary, the IOD II Plus Fee may also change, if we increase the percentage used to calculate the IOD II Plus Fee as described below under "Step-Up Under IOD II Plus."

The investment performance of the Designated Funds will not affect your IOD II Plus Fee during an Account Year. However, as stated below under "Step-Up Under IOD II Plus," favorable investment performance may cause the Income Benefit Base to increase on an Account Anniversary, and thus increase your IOD II Plus Fee.

We will continue to deduct the IOD II Plus Fee until you annuitize your Contract, your Account Value reduces to zero, or your benefits under IOD II Plus are cancelled as described under "Cancellation of IOD II Plus" in this Appendix.

**Step-Up Under IOD II Plus** 

You can step-up your Income Benefit Base and IOD II Plus Bonus Base each Account Anniversary prior to your Annuity Commencement Date, ***provided that*** you satisfy certain requirements. ***First***, you must meet eligibility requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value less your Stored Income Balance (if any) must equal no more than $5,000,000. (For purposes of determining the $5,000,000 limit, we reserve the right, in our sole discretion, to aggregate your Account Value with the account values of all other variable annuity contracts you own issued by Delaware Life or its affiliates.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If your Contract is in the Stored Income Period, your highest quarter-end Account Value (adjusted for subsequent Purchase Payments and withdrawals) during the most recent Account Year ("Highest Quarterly Value") minus your Stored Income Balance must be greater than your current Income Benefit Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If your Contract has not started the Stored Income Period, your Highest Quarterly Value during the most recent Account Year must be greater than your current Income Benefit Base (adjusted for any applicable bonus if the Contract is in the IOD II Plus Bonus Period).

***Second***, if you satisfy the eligibility requirements, we ***then*** consider whether market conditions have caused us to increase the percentage rate used to calculate the IOD II Plus Fee on newly issued Contracts. If we are no longer issuing Contracts with IOD II Plus, then the percentage rate we use to calculate your IOD II Plus Fee will be set based upon current market conditions at that time. Significant changes in stock market prices, interest rate fluctuations, and competitive industry trends are among the market conditions we consider in whether to change the fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have ***not*** had to increase the percentage rate as described above, the percentage rate we use to calculate your IOD II Plus Fee will remain unchanged and we will automatically step-up your Income Benefit Base and your IOD II Plus Bonus Base (if applicable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have had to increase the percentage rate as described above, we offer you the opportunity to step-up at the higher percentage rate. In this case, your written consent is required to accept the higher percentage rate used to calculate your IOD II Plus Fee and step-up your Income Benefit Base. **If you do not consent to the step-up and higher percentage, the step-up will not be implemented and all subsequent step-ups of your Income Benefit Base will also be suspended.** You may thereafter submit an election form to us, however, in order to consent to the then-applicable percentage rate and thus reactivate subsequent automatic step-ups.

At the time of step-up prior to the Stored Income Period, we will increase your Income Benefit Base and your IOD II Plus Bonus Base each to an amount equal to the highest adjusted quarterly Account Value, if such amount exceeds your current Income Benefit Base (adjusted for any applicable bonus if the Contract is in the IOD II Plus Bonus Period). If the step-up occurred during the IOD II Plus Bonus Period, your IOD II Plus Bonus Period will be renewed for another 10-year period.

At the time of step-up during the Stored Income Period, we will increase your Income Benefit Base to an amount equal to the highest adjusted quarterly Account Value less your Stored Income Balance, if such amount exceeds your current Income Benefit Base. After the step-up, your Annual Income Amount will be 5% of your new Income Benefit Base.

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Below are examples of how step-up works under a few different circumstances.

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|:---|
| &nbsp;&nbsp; Assume that you are 60 years old when you purchase a Contract with an initial Purchase Payment of $100,000, and <br> that you elect to participate in IOD II Plus with single-life coverage. (If you selected joint-life coverage, the numbers <br> shown in the example could be different.) Your Income Benefit Base and your IOD II Plus Bonus Base are equal to <br> your initial Purchase Payment. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). The <br> example assumes you are in the IOD II Plus Bonus Period.<br>|
| &nbsp;&nbsp; In each of the five examples, Account Values shown are as of the last day of each Account Quarter. Adjustments are <br> made on the day a Purchase Payment or withdrawal is made.<br>|
| &nbsp;&nbsp; The Account Values on each of your four Account Quarters are $113,000, $108,000, $90,000, and $103,000, <br> respectively. No additional Purchase Payments are made and no withdrawals are taken, so no adjustments to these <br> values are necessary. The highest adjusted quarterly value is $113,000. Both your new Income Benefit Base and IOD <br> II Plus Bonus Base are set to equal $113,000 since that amount exceeds your previous Income Benefit Base <br> increased by 7% of your IOD II Plus Bonus Base ($100,000 + $7,000).<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent**<br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | n/a | $113000 | $100000 |
| **End of Second Quarter** | $108000 | n/a | $108000 | $100000 |
| **End of Third Quarter** | $90000 | n/a | $90000 | $100000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $103000 | n/a | $103000 | $100000 |
| &nbsp;&nbsp; **Highest Quarterly Value (after** <br> **adjustments)**<br>|  |  | $113000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | n/a (since you are in the IOD II Plus Bonus Period) | n/a (since you are in the IOD II Plus Bonus Period) | n/a (since you are in the IOD II Plus Bonus Period) |
| **Step-up comparison** | Is $113,000 greater than $100,000 + $7,000? Yes, so step-up. | Is $113,000 greater than $100,000 + $7,000? Yes, so step-up. | Is $113,000 greater than $100,000 + $7,000? Yes, so step-up. | Is $113,000 greater than $100,000 + $7,000? Yes, so step-up. |
| **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** |
| **New Income Benefit Base =** | $113000 | Highest Quarterly Value (after adjustments). | Highest Quarterly Value (after adjustments). | Highest Quarterly Value (after adjustments). |
| **New Annual Income Amount =** | $5650 | $113,000 x 5% | $113,000 x 5% | $113,000 x 5% |
| **New Stored Income Balance =** | n/a | (since you are in the IOD II Plus Bonus Period) | (since you are in the IOD II Plus Bonus Period) | (since you are in the IOD II Plus Bonus Period) |
| **New IOD II Plus Bonus Base =** | $113000 |  |  |  |
| &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. |

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If you make an additional Purchase Payment during your first Account Year, your Account Value, your Income Benefit Base, and your IOD II Plus Bonus Base are each immediately increased by the amount of the additional Purchase Payment.

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Here is an example of how an additional Purchase Payment of $50,000 made in the second Account Quarter would affect your step-up and assumes that you are in the IOD II Plus Bonus Period:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent**<br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | $50000 | $163000 | $100000 |
| **$50,000 Purchase Payment** | $163000 | n/a | n/a | $150000 |
| **End of Second Quarter** | $158000 | n/a | $158000 | $150000 |
| **End of Third Quarter** | $140000 | n/a | $140000 | $150000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $153000 | n/a | $153000 | $150000 |
| &nbsp;&nbsp; **Highest Quarterly Value (after** <br> **adjustments)**<br>|  |  | $163000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | n/a (since you are in the IOD II Plus Bonus Period) | n/a (since you are in the IOD II Plus Bonus Period) | n/a (since you are in the IOD II Plus Bonus Period) |
| **Step-up comparison** | Is $163,000 greater than $150,000 + $10,500? Yes, so step-up. | Is $163,000 greater than $150,000 + $10,500? Yes, so step-up. | Is $163,000 greater than $150,000 + $10,500? Yes, so step-up. | Is $163,000 greater than $150,000 + $10,500? Yes, so step-up. |
| **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** |
| **New Income Benefit Base =** | $163500 | Highest Quarterly Value (after adjustments). | Highest Quarterly Value (after adjustments). | Highest Quarterly Value (after adjustments). |
| **New Annual Income Amount =** | $8150 | $163,500 x 5% | $163,500 x 5% | $163,500 x 5% |
| **New Stored Income Balance =** | n/a | (since you are in the IOD II Plus Bonus Period) | (since you are in the IOD II Plus Bonus Period) | (since you are in the IOD II Plus Bonus Period) |
| **New IOD II Plus Bonus Base =** | $163000 |  |  |  |
| &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. |

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Here is an example of how a $4,000 withdrawal taken in the second Account Quarter would affect your step-up and assumes you are in the IOD II Plus Bonus Period:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent**<br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | $4000 | $109000 | $100000 |
| **$4,000 withdrawal** | $109000 | n/a | n/a | $100000 |
| **End of Second Quarter** | $104000 | n/a | $104000 | $100000 |
| **End of Third Quarter** | $86000 | n/a | $86000 | $100000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $99000 | n/a | $99000 | $100000 |
| &nbsp;&nbsp; **Highest Quarterly Value (after** <br> **adjustments)**<br>|  |  | $109000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | n/a (since you are in the IOD II Plus Bonus Period) | n/a (since you are in the IOD II Plus Bonus Period) | n/a (since you are in the IOD II Plus Bonus Period) |
| **Step-up comparison** | Is $109,000 greater than $100,000 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $109,000 greater than $100,000 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $109,000 greater than $100,000 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $109,000 greater than $100,000 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. |
| **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** |
| **New Income Benefit Base =** | $109000 | Highest Quarterly Value (after adjustments). | Highest Quarterly Value (after adjustments). | Highest Quarterly Value (after adjustments). |
| **New Annual Income Amount =** | $5450 | $109,000 x 5% | $109,000 x 5% | $109,000 x 5% |
| **New Stored Income Balance =** | n/a | (since you are in the IOD II Plus Bonus Period) | (since you are in the IOD II Plus Bonus Period) | (since you are in the IOD II Plus Bonus Period) |
| **New IOD II Plus Bonus Base =** | $109000 |  |  |  |
| &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. |

---

Assume instead you take a $40,000 withdrawal in the second Account Quarter at a point when the Account Value equaled $99,000 immediately before the withdrawal. Since this withdrawal exceeds your Annual Income Amount, it is considered an Excess Withdrawal. The Excess Withdrawal reduces your Income Benefit Base and your IOD II Plus Bonus Base as described under "Excess Withdrawals" in this Appendix. All previous quarterly Account Values are first reduced by the amount of the Annual Income Amount less any prior withdrawals taken in that Account Year and then adjusted in the same proportion that the Income Benefit Base was adjusted after the Excess Withdrawal. (See the two-step calculation shown in the box below the following example.) The example assumes you are in the IOD II Plus Bonus Period.

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---

| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent**<br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | $45213 | $67787 | $100000 |
| **$40,000 withdrawal** | $59000 | n/a | n/a | $62766 |
| **End of Second Quarter** | $68000 | n/a | $68000 | $62766 |
| **End of Third Quarter** | $50000 | n/a | $50000 | $62766 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $63000 | n/a | $63000 | $62766 |
| &nbsp;&nbsp; **Highest Quarterly Value (after** <br> **adjustments)**<br>|  |  | $68000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | n/a (since you are in the IOD II Plus Bonus Period) | n/a (since you are in the IOD II Plus Bonus Period) | n/a (since you are in the IOD II Plus Bonus Period) |
| **Step-up comparison** | Is $68,000 greater than $62,766 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $68,000 greater than $62,766 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $68,000 greater than $62,766 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $68,000 greater than $62,766 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. |
| **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** |
| **New Income Benefit Base =** | $68000 | Highest Quarterly Value (after adjustments). | Highest Quarterly Value (after adjustments). | Highest Quarterly Value (after adjustments). |
| **New Annual Income Amount =** | $3400 | $68,000 x 5% | $68,000 x 5% | $68,000 x 5% |
| **New Stored Income Balance =** | n/a | (since you are in the IOD II Plus Bonus Period) | (since you are in the IOD II Plus Bonus Period) | (since you are in the IOD II Plus Bonus Period) |
| **New IOD II Plus Bonus Base =** | $68000 |  |  |  |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| (1) | &nbsp;&nbsp; Reduce the end of First Quarter Account Value <br> by the Annual Income Amount less any prior <br> withdrawals taken in that Account Year<br>| $113000 | - $5000 | $108000 |
| (2) | &nbsp;&nbsp; Adjust the Account Value for the first Account <br> Quarter | $108,000 x | $99000 - $40000 | $67787 |
| (2) | &nbsp;&nbsp; Adjust the Account Value for the first Account <br> Quarter | $108,000 x | <sup>$99,000 - $5,000</sup> | $67787 |
|  | The total adjustment | $113000 | - $67787 | $45213 |

---

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

---

| |
|:---|
| &nbsp;&nbsp; **Using the facts of the above example where no withdrawals or additional premiums have taken place**, assume <br> that for Account Year 2 you have elected to begin the Stored Income Period. As stated in the above example the <br> Income Benefit Base is $113,000 beginning of Account Year 2. Your Annual Income Amount is $5,650 (5% of your <br> Income Benefit Base). Because you have elected to begin the Stored Income Period, your Stored Income Balance is <br> initially equal to your Annual Income Amount ($5650).<br>|
| &nbsp;&nbsp; The Account Values on each of your four Account Quarters for Account Year 2 are $105,000, $111,000, $116,000, <br> and $120,000, respectively. No additional Purchase Payments are made and no withdrawals are taken, so no <br> adjustments to these values are necessary. The highest adjusted quarterly value is $120,000. Your new Income <br> Benefit Base is set to equal $114,350 ($120,000 - $5,650) since that amount exceeds your previous Income Benefit <br> Base.<br>|

---

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

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent**<br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income**<br> **Benefit Base**<br>|
| **End of First Quarter** | $105000 | n/a | $105000 | $113000 |
| **End of Second Quarter** | $111000 | n/a | $111000 | $113000 |
| **End of Third Quarter** | $116000 | n/a | $116000 | $113000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $120000 | n/a | $120000 | $113000 |
| &nbsp;&nbsp; **Highest Quarterly Value (after** <br> **adjustments)**<br>|  |  | $120000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | $5650 | $5650 | $5650 |
| **Step-up comparison** | Is ($120,000 - $5,650) greater than $113,000? Yes, so step-up. | Is ($120,000 - $5,650) greater than $113,000? Yes, so step-up. | Is ($120,000 - $5,650) greater than $113,000? Yes, so step-up. | Is ($120,000 - $5,650) greater than $113,000? Yes, so step-up. |
| **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** | **On the Account Anniversary (after step-up):** |
| **New Income Benefit Base =** | $114350 | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance |
| **New Annual Income Amount =** | $5718 | $114,350 x 5% | $114,350 x 5% | $114,350 x 5% |
| **New Stored Income Balance =** | $11367 |  |  |  |
| **New IOD II Plus Bonus Base =** | n/a | No longer applicable for the Stored Income Period | No longer applicable for the Stored Income Period | No longer applicable for the Stored Income Period |
| &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Contract Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Contract Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Contract Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Contract Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Contract Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. |

---

**Joint-Life Coverage** 

On the Issue Date, you have the option of electing IOD II Plus with single-life coverage or, for a higher IOD II Plus Fee, with joint-life coverage. Once you make the election, you cannot switch between joint-life and single-life coverage, regardless of any change in life events. Joint-life coverage is not available if you are unmarried on the Issue Date.

Joint-life coverage can be elected on an individually-owned Contract or on a co-owned Contract. On an individually-owned Contract, joint-life coverage is available only if your spouse is the sole primary beneficiary on the Issue Date and remains the sole primary beneficiary while IOD II Plus is in effect. On a co-owned Contract, joint-life coverage is available only if you and your spouse are the only co-owners on the Issue Date and remain so while IOD II Plus is in effect. Whereas single-life coverage provides an Annual Income Amount only until **any** Participant dies, joint-life coverage provides an Annual Income Amount for as long as ***either*** you or your spouse is alive. **Note that, for joint-life coverage to continue after the death of any Participant, the surviving spouse must elect to continue the contract through the "Spousal Continuance" provision**. See also "Death of Participant Under IOD II Plus with Joint-Life Coverage" in this Appendix.

If you have elected joint-life coverage, ***the IOD II Plus Bonus Period*** and the ***Stored Income Period*** are determined based on the age of the ***younger spouse*** if the younger spouse attains (or would have attained) age 50. (For purposes of joint-life coverage, the younger spouse refers to the person who was the younger spouse on the Issue Date, even if that person has died or is no longer married to the person who was his or her spouse on the Issue Date.) On the first day of the Stored Income Period, your Annual Income Amount will be added to your Stored Income Balance. The First Withdrawal Date will be your Issue Date if the ***younger spouse*** is at least age 59 at issue. Otherwise it will be the first Account Anniversary after the ***younger spouse*** attains (or would have attained) age 59.

The two spouses on the Issue Date are the only two people covered under the joint-life feature. If a Participant remarries, the new spouse is not covered under the joint-life feature. Therefore, if the spouse on the Issue Date is no longer your spouse, your benefits under IOD II Plus continue for your life and, when you die, annual withdrawals are no longer

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available. Note that, when you elect joint-life coverage, you also elect the higher joint-life fee. The percentage rate of the fee will not be reduced regardless of any change in life events.

**If one spouse is significantly younger than the other spouse, you should carefully consider whether joint-life coverage is an appropriate choice in light of the possibly long waiting period before the benefit begins to store income and in light of the higher fee for joint-life coverage.** 

Joint-life coverage may not be available on all Contracts.

**Cancellation of IOD II Plus** 

Should you decide that IOD II Plus is no longer appropriate for you, you may cancel IOD II Plus at any time. Upon cancellation, all benefits and charges under IOD II Plus shall cease. Once cancelled, IOD II Plus cannot be reinstated.

Although transfers among the Designated Funds are permitted as described under "Transfer Privilege" in the prospectus to which this Appendix is attached, **IOD II Plus will be cancelled automatically**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any Purchase Payment is allocated to an investment option other than a Designated Fund; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any portion of Account Value maintained in a Designated Fund is transferred into an investment option other than a Designated Fund.

**IOD II Plus will also be cancelled for any of the following:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon a termination of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon annuitization\*; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Income Benefit Base is reduced to zero as a result of Early or Excess Withdrawals.

------

\*

Note that the Maximum Annuity Commencement Date permitted under this Contract is the first day of the month following the Annuitant's 95th birthday. See "Selection of Annuity Commencement Date" under "THE INCOME PHASE – ANNUITY PROVISIONS" in the prospectus to which this Appendix is attached.

**A change of ownership may also cancel your benefits under IOD II Plus.** 

**Death of Participant Under IOD II Plus with Single-Life Coverage** 

If you elected single-life coverage, IOD II Plus terminates on the death of any Participant and the Beneficiary may elect to exercise any of the available options under the Death Benefit provisions of the Contract. Alternately, the Beneficiary may elect to receive the Stored Income Balance, if any.

**Death of Participant Under IOD II Plus with Joint-Life Coverage** 

If the surviving spouse on the Death Benefit Date was not the spouse of a Participant on the original Contract's Issue Date, then this section does not apply, even if joint-life coverage was elected. In such case, if a Participant dies while participating in IOD II Plus, the provisions of the section titled "Death of Participant Under IOD II Plus with Single-Life Coverage" will apply.

If you purchased joint-life coverage and one of the Participants dies, IOD II Plus 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;● the new Account Value will be equal to the Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Stored Income Balance, if any, will remain unchanged;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Income Benefit Base and the IOD II Plus Bonus Base will remain unchanged until the next Account Anniversary when a step-up could apply due to an increase in the Account Value (see "Step-Up Under IOD II Plus" in this Appendix);

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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;● on each Account Anniversary, the Annual Income Amount will be equal to the Income Benefit Base multiplied by 5%; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the percentage rate of the IOD II Plus Fee for the joint-life coverage option will continue for the surviving spouse as it was immediately prior to the death of the Participant.

At the death of the surviving spouse, the Contract, including IOD II Plus, terminates.

If you purchased joint-life coverage and the deceased Participant's surviving spouse does not continue the Contract, your Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

**Annuitization Under IOD II Plus** 

Under the terms of IOD II Plus, if your Account Value is greater than zero on your Maximum Annuity Commencement Date, you may elect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) surrender your Contract and receive the greater of your Cash Surrender Value or your Stored Income Balance, if any;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) annuitize your Account Value under one of the Annuity Options available on that date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) &nbsp;&nbsp;&nbsp;&nbsp;(a) receive the remaining Stored Income Balance, if any, in a single sum and (b) annuitize your remaining Account Value as a single-life annuity (or a joint-life annuity, if joint-life coverage was elected at issue and you are still eligible to receive it) with an annualized annuity payment of not less than 5% of your then current Income Benefit Base.

If you make no election, we will default your choice to option 3.

If your Account Value has been reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), and your Income Benefit Base is greater than zero on or before your Maximum Annuity Commencement Date, you will receive your full Annual Income Amount each year until you die. For a more complete discussion of this, see "Depleting Your Account Value" in this Appendix.

**Certain Tax Provisions** 

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as IOD II Plus. When you elect to participate in IOD II Plus, you may withdraw annual amounts up to the Yearly RMD Amount without affecting your benefit, subject to the conditions stated below. In the event that your Yearly RMD Amount attributable to your Contract is greater than your Stored Income Balance, we are currently waiving the withdrawal provisions under IOD II Plus as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in IOD II Plus, we reduce your Account Value and your Stored Income Balance, dollar for dollar, by the amount of the withdrawal to a value not less than zero. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than your Stored Income Balance. In other words, if a Yearly RMD Amount exceeds your Stored Income Balance, we will reduce your Stored Income Balance, but we will not reduce your Income Benefit Base, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that Amount until the first quarter of the next calendar year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in you receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

Currently, any withdrawal in excess of the Annual Income Amount or Stored Income Balance that is taken to satisfy the Yearly RMD Amounts will not be treated as an Excess Withdrawal, and will not reduce the Income Benefit Base. **However, if there is any material change to the current Code or IRS Rules governing the timing or determination of** 

------

**required minimum distribution amounts, then the Company reserves the right to treat any withdrawal greater than the Annual Income Amount or Stored Income Balance as an Excess Withdrawal which may significantly reduce the Income Benefit Base.** 

For a further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

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**APPENDIX O -RETIREMENT** <br> **INCOME ESCALATOR**<sup>SM</sup> **II** 

**The optional living benefit known as Retirement Income Escalator II ("RIE II") was available on Contracts purchased on or after October 20, 2008, and prior to August 17, 2009, and on certain limited Contracts purchased on or after August 17, 2009. If you elected to participate in RIE II, the following information applies to your Contract. RIE II is no longer available for sale on new Contracts.** 

**If you purchased your Contract prior to February 17, 2009, and elected to participate in RIE II, your Lifetime Withdrawal Percentage (defined below) is different from the Lifetime Withdrawal Percentage available on Contracts purchased on or after that date. (See "Determining Your Annual Withdrawal Amount," "Step-Up Under RIE II," and "Joint-Life Coverage" in this Appendix.) In addition, unless you "step-up" as described under "Step-Up Under RIE II," the fee charged for your RIE II is lower than the fee charged on Contracts purchased on or after February 17, 2009. (See "Cost of RIE II" in this Appendix.)** 

RIE II provides an annual income guarantee for life. You can withdraw up to a guaranteed amount each year and, provided you meet certain requirements, we will continue to send you the guaranteed amount even if your Account Value should go to zero. Your income amount will not decrease, provided that your withdrawals do not exceed the guaranteed amount in any year. In general, the longer you wait for your first withdrawal under RIE II, the larger the guaranteed Annual Withdrawal Amount. To describe how RIE II works, we use the following definitions:

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| | |
|:---|:---|
| **Annual Withdrawal Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; The total guaranteed amount available for withdrawal each Account Year <br> during your life, provided that you comply with certain conditions. The <br> Annual Withdrawal Amount is equal to your current Withdrawal Benefit <br> Base multiplied by your Lifetime Withdrawal Percentage. **(You should be** <br> **aware that certain actions you take could significantly reduce the** <br> **amount of your Annual Withdrawal Amount.)**<br>|
| **Early Withdrawal:** | Any withdrawal taken prior to your RIE II Coverage Date. |
| **Excess Withdrawal:** | &nbsp;&nbsp;&nbsp;&nbsp; Any withdrawal taken after your RIE II Coverage Date that exceeds your <br> Annual Withdrawal Amount (or your Required Minimum Distribution <br> Amount, if greater).<br>|
| **Lifetime Withdrawal Percentage:** | The percentage used to calculate your Annual Withdrawal Amount. |
| **RIE II Bonus Base:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount on which bonuses are calculated. The RIE II Bonus Base is <br> equal to the sum of your Purchase Payments, increased by any "step-ups" <br> (described below) and reduced proportionately by any withdrawal taken prior <br> to your RIE II Coverage Date or any Excess Withdrawals (see "*Excess* <br> *Withdrawals*" under "Withdrawals Under RIE II").<br>|
| **RIE II Bonus Period:** | &nbsp;&nbsp;&nbsp;&nbsp; A ten-year period commencing on the Issue Date and ending on your tenth <br> Account Anniversary. If you "step up" RIE II (described below) during the <br> RIE II Bonus Period, the RIE II Bonus Period is extended to ten years from <br> the date of the step-up.<br>|
| **RIE II Coverage Date:** | &nbsp;&nbsp;&nbsp;&nbsp; Your Issue Date if you are at least age 59 at issue; otherwise, the first <br> Account Anniversary after you attain age 59.<br>|
| **Withdrawal Benefit Base:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount used to calculate (1) your Annual Withdrawal Amount and (2) <br> your "RIE II Fee" (see "Cost of RIE II").<br>|

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| | |
|:---|:---|
| **You and Your:** | &nbsp;&nbsp;&nbsp;&nbsp; The terms "you" and "your" refer to the oldest living Participant or the <br> surviving spouse of the oldest Participant, as described under "Death of <br> Participant Under RIE II with Joint-Life Coverage." In the case of a <br> non-natural Participant, these terms refer to the oldest living Annuitant.<br>|

---

**Upon annuitization, RIE II and any elected optional death benefit automatically terminate.** 

RIE II allows you to withdraw a guaranteed amount of money each year, beginning on your RIE II Coverage Date, until the death of any Participant if single-life coverage is elected (or until the death of both the Participant and the Participant's spouse if joint-life coverage is elected). Your right to take withdrawals under RIE II continues regardless of the investment performance of the Designated Funds, provided that you comply with certain requirements. After your RIE II Coverage Date, the amount you can withdraw, in any one year, can be 4%, 5%, 6%, or 7% of your Withdrawal Benefit Base, depending upon your age (or the younger spouse's age in case of joint-life coverage) on the date of your first withdrawal.

In addition, if you make no withdrawals in an Account Year during your RIE II Bonus Period, we will increase your Withdrawal Benefit Base by an amount equal to 7% of your RIE II Bonus Base. The RIE II Bonus Period is a 10-year period commencing on your Issue Date. The period will be extended for an additional 10 years commencing on each step-up of the Withdrawal Benefit Base (see "Step-Up Under RIE II" in this Appendix), provided that the step-up occurs during the RIE II Bonus Period.

**If you are participating in RIE II, you may make Purchase Payments only during your first Account Year. After the first Account Anniversary, any Purchase Payments you submit will be returned to you.** 

To participate in RIE II, all of your Account Value must be invested in one or more of the Designated Funds at all times during the term of RIE II. (The "term" of RIE II is for life, unless your Withdrawal Benefit Base is reduced to zero or RIE II is terminated or cancelled as described under "Cancellation of RIE II," "*Depleting Your Account Value*," and "Annuitization Under RIE II" in this Appendix.) The only Funds, dollar-cost averaging program options, and asset allocation models that currently qualify as Designated Funds are listed in the section entitled "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

Under RIE II, you have the option of choosing between single-life coverage and joint-life coverage. These options are described in greater detail under "Joint-Life Coverage," "Death of Participant Under RIE II with Single-Life Coverage," and "Death of Participant Under RIE II with Joint-Life Coverage" in this Appendix.

**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 applicable bonuses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any step-ups as described under "Step-Up Under RIE II" in this Appendix;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any subsequent Purchase Payments you make during the first year following the Issue Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Early Withdrawals you take as described under "*Early Withdrawals*" in this Appendix; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Excess Withdrawals you take as described under "*Excess Withdrawals*" in this Appendix.

------

**Determining Your Annual Withdrawal Amount** 

Your Annual Withdrawal Amount is first determined when you make your first withdrawal after your RIE II Coverage Date and then on each subsequent Account Anniversary. Your Annual Withdrawal Amount is equal to your Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage. The Lifetime Withdrawal Percentage depends upon your age at the time you make your first withdrawal after your RIE II Coverage Date as shown in the tables below. If you purchased your Contract on or after February 17, 2009, your Lifetime Withdrawal Percentage is determined, as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Your Age on the Date of the** <br> **First Withdrawal After**<br> **Your RIE II Coverage Date\***<br>| **Lifetime Withdrawal Percentage** |
| 59 - 64 | 4% |
| 65 - 74 | 5% |
| 75 - 79 | 6% |
| 80 or older | 7% |

---

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\*

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

If you purchased your Contract prior to February 17, 2009, your Lifetime Withdrawal Percentage is determined, as follows:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Your Age on the Date of the** <br> **First Withdrawal After**<br> **Your RIE II Coverage Date\***<br>| **Lifetime Withdrawal Percentage** |
| 59 - 69 | 5% |
| 70 - 79 | 6% |
| 80 or older | 7% |

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\*

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

Your Lifetime Withdrawal Percentage will only increase if your age at the time of step-up coincides with a higher percentage as shown in the tables above. (See "Step-Up Under RIE II" in this Appendix.) An increase in the Lifetime Withdrawal Percentage will increase your Annual Withdrawal Amount.

Your Annual Withdrawal Amount equals your Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage. If your Withdrawal Benefit Base changes after your Annual Withdrawal Amount is determined, your Annual Withdrawal Amount will also change. The new Annual Withdrawal Amount will be effective on the next Account Anniversary and, at that time, will reflect any increases caused by a step-up or a bonus that took place during the prior Account Year and any decreases caused by Excess Withdrawals (described below) that were taken during the prior Account Year. The new Annual Withdrawal Amount will be in effect for all subsequent Account Years, unless and until there is a further change in your Withdrawal Benefit Base.

**How RIE II Works** 

Each Account Year, beginning on your RIE II Coverage Date, you can take withdrawals totaling up to the amount of your Annual Withdrawal Amount, subject to the terms and conditions discussed below. Even if your Account Value is reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), as long as your Withdrawal Benefit Base is greater than zero, you will receive your full Annual Withdrawal Amount every year until you die.

If you defer taking any withdrawals in an Account Year during the RIE II Bonus Period, your Withdrawal Benefit Base will be increased by an amount equal to 7% of your RIE II Bonus Base. However, if this amount is less than the amount you

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will receive under a step-up, the Withdrawal Benefit Base will instead be increased by the step-up amount, unless there is a fee increase as described under "Step-Up Under RIE II." In the case of a fee increase, we will notify you in writing, in advance of your Contract Anniversary, and seek your written consent to the step-up and fee increase. If you do take a withdrawal, you are still eligible for step-up. (See "Step-Up under RIE II" in this Appendix.) In this way, if you defer taking withdrawals during your early Account Years, you will be able to take larger withdrawals in later Account Years. Your Annual Withdrawal Amount is not, however, cumulative: any unused portion of your Annual Withdrawal Amount in any Account Year cannot be applied to a future year.

**Note that the timing and amount of your withdrawals may significantly decrease and even terminate, your total benefits under RIE II, including reducing your Account Value to zero and thereby terminating your Contract without value, as described further under "Withdrawals Under RIE II" in this Appendix. Note also that investing in any Fund, other than a Designated Fund, will cancel RIE II, as described under "Cancellation of RIE II" in this Appendix.** 

Here is an example of how RIE II works. This example assumes that your Contract was purchased on or after February 17, 2009.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Because you reached age 59 prior to your Issue Date, your RIE II <br> Coverage Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount <br> each Account Year without reducing your Withdrawal Benefit Base. During the RIE II Bonus Period, your <br> Withdrawal Benefit Base will increase by 7% of your RIE II Bonus Base each Account Year in which you do not take <br> a withdrawal. By deferring your withdrawals during a RIE II Bonus Period you will increase your Withdrawal <br> Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the RIE II Bonus Period, you will <br> still be eligible to take your Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. <br> However, you will no longer be eligible for the 7% bonus each year. (For convenience, assume that the investment <br> performance on your underlying investments remains constant throughout the life of your Contract, except for <br> Account Year 2.) | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Because you reached age 59 prior to your Issue Date, your RIE II <br> Coverage Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount <br> each Account Year without reducing your Withdrawal Benefit Base. During the RIE II Bonus Period, your <br> Withdrawal Benefit Base will increase by 7% of your RIE II Bonus Base each Account Year in which you do not take <br> a withdrawal. By deferring your withdrawals during a RIE II Bonus Period you will increase your Withdrawal <br> Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the RIE II Bonus Period, you will <br> still be eligible to take your Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. <br> However, you will no longer be eligible for the 7% bonus each year. (For convenience, assume that the investment <br> performance on your underlying investments remains constant throughout the life of your Contract, except for <br> Account Year 2.) | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Because you reached age 59 prior to your Issue Date, your RIE II <br> Coverage Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount <br> each Account Year without reducing your Withdrawal Benefit Base. During the RIE II Bonus Period, your <br> Withdrawal Benefit Base will increase by 7% of your RIE II Bonus Base each Account Year in which you do not take <br> a withdrawal. By deferring your withdrawals during a RIE II Bonus Period you will increase your Withdrawal <br> Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the RIE II Bonus Period, you will <br> still be eligible to take your Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. <br> However, you will no longer be eligible for the 7% bonus each year. (For convenience, assume that the investment <br> performance on your underlying investments remains constant throughout the life of your Contract, except for <br> Account Year 2.) | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Because you reached age 59 prior to your Issue Date, your RIE II <br> Coverage Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount <br> each Account Year without reducing your Withdrawal Benefit Base. During the RIE II Bonus Period, your <br> Withdrawal Benefit Base will increase by 7% of your RIE II Bonus Base each Account Year in which you do not take <br> a withdrawal. By deferring your withdrawals during a RIE II Bonus Period you will increase your Withdrawal <br> Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the RIE II Bonus Period, you will <br> still be eligible to take your Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. <br> However, you will no longer be eligible for the 7% bonus each year. (For convenience, assume that the investment <br> performance on your underlying investments remains constant throughout the life of your Contract, except for <br> Account Year 2.) | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Because you reached age 59 prior to your Issue Date, your RIE II <br> Coverage Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount <br> each Account Year without reducing your Withdrawal Benefit Base. During the RIE II Bonus Period, your <br> Withdrawal Benefit Base will increase by 7% of your RIE II Bonus Base each Account Year in which you do not take <br> a withdrawal. By deferring your withdrawals during a RIE II Bonus Period you will increase your Withdrawal <br> Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the RIE II Bonus Period, you will <br> still be eligible to take your Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. <br> However, you will no longer be eligible for the 7% bonus each year. (For convenience, assume that the investment <br> performance on your underlying investments remains constant throughout the life of your Contract, except for <br> Account Year 2.) | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Because you reached age 59 prior to your Issue Date, your RIE II <br> Coverage Date is your Issue Date. You can begin at any time to withdraw up to your Annual Withdrawal Amount <br> each Account Year without reducing your Withdrawal Benefit Base. During the RIE II Bonus Period, your <br> Withdrawal Benefit Base will increase by 7% of your RIE II Bonus Base each Account Year in which you do not take <br> a withdrawal. By deferring your withdrawals during a RIE II Bonus Period you will increase your Withdrawal <br> Benefit Base, which in turn may maximize your Annual Withdrawal Amount. After the RIE II Bonus Period, you will <br> still be eligible to take your Annual Withdrawal Amount each year and to step-up your Withdrawal Benefit Base. <br> However, you will no longer be eligible for the 7% bonus each year. (For convenience, assume that the investment <br> performance on your underlying investments remains constant throughout the life of your Contract, except for <br> Account Year 2.) |
| &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your <br> new Withdrawal Benefit Base, or $6,250. Going forward, your new RIE II Bonus Base will be $125,000, unless <br> increased by another step-up or reduced by an Excess Withdrawal, and your RIE II Bonus Period will now end on <br> your 12th Account Anniversary (*i.e*., ten years after the step-up). All values shown are as of the beginning of the <br> Account Year. | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your <br> new Withdrawal Benefit Base, or $6,250. Going forward, your new RIE II Bonus Base will be $125,000, unless <br> increased by another step-up or reduced by an Excess Withdrawal, and your RIE II Bonus Period will now end on <br> your 12th Account Anniversary (*i.e*., ten years after the step-up). All values shown are as of the beginning of the <br> Account Year. | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your <br> new Withdrawal Benefit Base, or $6,250. Going forward, your new RIE II Bonus Base will be $125,000, unless <br> increased by another step-up or reduced by an Excess Withdrawal, and your RIE II Bonus Period will now end on <br> your 12th Account Anniversary (*i.e*., ten years after the step-up). All values shown are as of the beginning of the <br> Account Year. | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your <br> new Withdrawal Benefit Base, or $6,250. Going forward, your new RIE II Bonus Base will be $125,000, unless <br> increased by another step-up or reduced by an Excess Withdrawal, and your RIE II Bonus Period will now end on <br> your 12th Account Anniversary (*i.e*., ten years after the step-up). All values shown are as of the beginning of the <br> Account Year. | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your <br> new Withdrawal Benefit Base, or $6,250. Going forward, your new RIE II Bonus Base will be $125,000, unless <br> increased by another step-up or reduced by an Excess Withdrawal, and your RIE II Bonus Period will now end on <br> your 12th Account Anniversary (*i.e*., ten years after the step-up). All values shown are as of the beginning of the <br> Account Year. | &nbsp;&nbsp; Assume that, because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is, therefore, eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. Your new Annual Withdrawal Amount will be 5% of your <br> new Withdrawal Benefit Base, or $6,250. Going forward, your new RIE II Bonus Base will be $125,000, unless <br> increased by another step-up or reduced by an Excess Withdrawal, and your RIE II Bonus Period will now end on <br> your 12th Account Anniversary (*i.e*., ten years after the step-up). All values shown are as of the beginning of the <br> Account Year. |
| **Account Year** | **Account**<br> **Value**<br>| **Withdrawal**<br> **Benefit Base**<br>| **RIE II**<br> **Bonus Base**<br>| **Annual**<br> **Withdrawal**<br> **Amount**<br>| **Withdrawals** |
| 1 | $100000 | $100000 | $100000 | $5000 | $0 |
| 2 | $100000 | $107000 | $100000 | $5350 | $0 |
| 3 | $125000 | $125000 | $125000 | $6250 | $0 |
| &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the chart on the previous page, <br> we set your Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your <br> Withdrawal Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your <br> Withdrawal Benefit Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the chart on the previous page, <br> we set your Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your <br> Withdrawal Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your <br> Withdrawal Benefit Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the chart on the previous page, <br> we set your Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your <br> Withdrawal Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your <br> Withdrawal Benefit Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the chart on the previous page, <br> we set your Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your <br> Withdrawal Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your <br> Withdrawal Benefit Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the chart on the previous page, <br> we set your Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your <br> Withdrawal Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your <br> Withdrawal Benefit Base, as shown in the following table: | &nbsp;&nbsp; Assume you take your first withdrawal when you are age 71 in Account Year 7. Using the chart on the previous page, <br> we set your Lifetime Withdrawal Percentage at 5%. Your Annual Withdrawal Amount will be equal to 5% of your <br> Withdrawal Benefit Base. You can begin withdrawing up to $8,000 each Account Year without reducing your <br> Withdrawal Benefit Base, as shown in the following table: |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 4 | $125000 | $133750 | $125000 | $6688 | $0 |
| 5 | $125000 | $142500 | $125000 | $7125 | $0 |
| 6 | $125000 | $151250 | $125000 | $7563 | $0 |
| 7 | $125000 | $160000 | $125000 | $8000 | $8000 |
| 8 | $117000 | $160000 | $125000 | $8000 | $8000 |
| &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your RIE II Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to <br> $8,438, which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your RIE II Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to <br> $8,438, which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your RIE II Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to <br> $8,438, which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your RIE II Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to <br> $8,438, which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your RIE II Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to <br> $8,438, which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: | &nbsp;&nbsp; Assume in Account Year 9, you defer taking a withdrawal. Your Withdrawal Benefit Base will increase by $8,750 <br> which is 7% of your RIE II Bonus Base ($125000). Your new Annual Withdrawal Amount will be set equal to <br> $8,438, which is 5% of your new Withdrawal Benefit Base ($168750), as shown below: |
| 9 | $109000 | $160000 | $125000 | $8000 | $0 |
| 10 | $109000 | $168750 | $125000 | $8438 | $8438 |
| &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the RIE II Bonus Period, as your RIE II Bonus Period ends 10 years <br> after the previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the RIE II Bonus Period, as your RIE II Bonus Period ends 10 years <br> after the previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the RIE II Bonus Period, as your RIE II Bonus Period ends 10 years <br> after the previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the RIE II Bonus Period, as your RIE II Bonus Period ends 10 years <br> after the previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the RIE II Bonus Period, as your RIE II Bonus Period ends 10 years <br> after the previous step-up. | &nbsp;&nbsp; Assume that in Account Year 14, you again decide to defer taking a withdrawal. Your Withdrawal Benefit Base will <br> not be increased because you are no longer in the RIE II Bonus Period, as your RIE II Bonus Period ends 10 years <br> after the previous step-up. |
| 11 | $100563 | $168750 | $125000 | $8438 | $8438 |
| 12 | $92125 | $168750 | $125000 | $8438 | $8438 |
| 13 | $83688 | $168750 | $125000 | $8438 | $8438 |
| 14 | $75250 | $168750 | $125000 | $8438 | $0 |
| 15 | $75250 | $168750 | $125000 | $8438 | $8438 |

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There is no way to know for certain whether forgoing income in one or more years will increase or decrease the total income paid to the Participant over the life of the annuity. Generally speaking, not taking income in a year will increase the Annual Withdrawal Amount during the RIE II Bonus Period due to the bonus and the potential for step-ups. In this way, if you defer taking withdrawals during your early Account Years, you will be able to take larger withdrawals in later Account Years. Your Annual Withdrawal Amount is not, however, cumulative: any unused portion of your Annual Withdrawal Amount in any Account Year cannot be applied to a future year.

The total lifetime payments to the Participant could be more or less depending upon investment performance over the life of the Contract and the age to which the Participant lives. Better investment performance and a longer life span generally make it advantageous to forgo the Annual Withdrawal Amount in a limited number of years.

**Withdrawals Under RIE II** 

***Withdrawals After the RIE II Coverage Date*** 

Starting on your RIE II Coverage Date and continuing to your Annuity Commencement Date, you may take withdrawals totaling up to your Annual Withdrawal Amount each Account Year without reducing your Withdrawal Benefit Base. These withdrawals will reduce your Account Value by the amount of the withdrawal, but will not change your Withdrawal Benefit Base. These withdrawals are subject to withdrawal charges 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 your Contract (discussed under "*Free Withdrawal Amount*" under "Withdrawal Charge" in the prospectus to which this Appendix is attached);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Yearly Required Minimum Distribution Amount (subject to conditions discussed under "Certain Tax Provisions" in this Appendix); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Annual Withdrawal Amount.

The previous example shows withdrawals taken after your RIE II Coverage Date. Because they do not exceed your Annual Withdrawal Amount (or your Required Minimum Distribution amount, if higher), the withdrawals do not reduce

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your Withdrawal Benefit Base or your Annual Withdrawal Amount. The withdrawals in the above example are not subject to any withdrawal charges because they do not exceed any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your free withdrawal amount permitted under this Contract,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Required Minimum Distribution Amount, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Annual Withdrawal Amount.

If a withdrawal exceeds the greatest of these amounts, then the withdrawal would be subject to withdrawal charges.

***Excess Withdrawals*** 

If you take an Excess Withdrawal, your RIE II Bonus Base and your Withdrawal Benefit Base will be reduced according to the following formulas:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new RIE II Bonus Base | **=** | **BB x** | **(** | **AV - WD** | **)** |
| Your new RIE II Bonus Base | **=** | **BB x** | **(** | **AV - AWA** | **)** |
| Your new Withdrawal Benefit Base | **=** | **WBB x** | **(** | **AV - WD** | **)** |
| Your new Withdrawal Benefit Base | **=** | **WBB x** | **(** | **AV - AWA** | **)** |

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Where:

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| | | |
|:---|:---|:---|
| BB | = | Your RIE II Bonus Base immediately prior to the Excess Withdrawal. |
| WBB | = | Your Withdrawal Benefit Base immediately prior to the Excess Withdrawal. |
| WD | = | The amount of the Excess Withdrawal. |
| AV | = | Your Account Value immediately prior to the Excess Withdrawal. |
| AWA | = | Your Annual Withdrawal Amount minus any prior partial withdrawals taken during the <br> current Account Year.<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Using the facts of the above example**, assume that in Account Year 7, you take two withdrawals: a $4,000 <br> withdrawal followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does <br> not affect your RIE II Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal <br> Amount. Your second withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal <br> Amount. After your second withdrawal, your RIE II Bonus Base and your Withdrawal Benefit Base will be reduced <br> as follows: | &nbsp;&nbsp; **Using the facts of the above example**, assume that in Account Year 7, you take two withdrawals: a $4,000 <br> withdrawal followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does <br> not affect your RIE II Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal <br> Amount. Your second withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal <br> Amount. After your second withdrawal, your RIE II Bonus Base and your Withdrawal Benefit Base will be reduced <br> as follows: | &nbsp;&nbsp; **Using the facts of the above example**, assume that in Account Year 7, you take two withdrawals: a $4,000 <br> withdrawal followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does <br> not affect your RIE II Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal <br> Amount. Your second withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal <br> Amount. After your second withdrawal, your RIE II Bonus Base and your Withdrawal Benefit Base will be reduced <br> as follows: | &nbsp;&nbsp; **Using the facts of the above example**, assume that in Account Year 7, you take two withdrawals: a $4,000 <br> withdrawal followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does <br> not affect your RIE II Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal <br> Amount. Your second withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal <br> Amount. After your second withdrawal, your RIE II Bonus Base and your Withdrawal Benefit Base will be reduced <br> as follows: | &nbsp;&nbsp; **Using the facts of the above example**, assume that in Account Year 7, you take two withdrawals: a $4,000 <br> withdrawal followed by a $6,000 withdrawal. Your first withdrawal reduces your Account Value to $121,000 but does <br> not affect your RIE II Bonus Base or Withdrawal Benefit Base because it is not in excess of your Annual Withdrawal <br> Amount. Your second withdrawal (when combined with the first) is in excess of your $8,000 Annual Withdrawal <br> Amount. After your second withdrawal, your RIE II Bonus Base and your Withdrawal Benefit Base will be reduced <br> as follows: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new RIE II Bonus Base | = | $125000 | x | $121000 - $6000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new RIE II Bonus Base | = | $125000 | x | $121000 - ($8000 - $4000) |
|  | = | $125000 | x | $115000 |
|  | = | $125000 | x | $117000 |
|  | = | $125000 | x | 0.98291 |
|  | = | $122863 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $121000 - $6000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $121000 - ($8000 - $4000) |
|  | = | $160000 | x | $115000 |
|  | = | $160000 | x | $117000 |
|  | = | $160000 | x | 0.98291 |
|  | = | $157265 |  |  |
| &nbsp;&nbsp; Beginning on your Account Anniversary and going forward, your new Annual Withdrawal Amount will be reduced to <br> 5% of your new Withdrawal Benefit Base, or $7,863. | &nbsp;&nbsp; Beginning on your Account Anniversary and going forward, your new Annual Withdrawal Amount will be reduced to <br> 5% of your new Withdrawal Benefit Base, or $7,863. | &nbsp;&nbsp; Beginning on your Account Anniversary and going forward, your new Annual Withdrawal Amount will be reduced to <br> 5% of your new Withdrawal Benefit Base, or $7,863. | &nbsp;&nbsp; Beginning on your Account Anniversary and going forward, your new Annual Withdrawal Amount will be reduced to <br> 5% of your new Withdrawal Benefit Base, or $7,863. | &nbsp;&nbsp; Beginning on your Account Anniversary and going forward, your new Annual Withdrawal Amount will be reduced to <br> 5% of your new Withdrawal Benefit Base, or $7,863. |

---

**You should be aware that, if your Account 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 and your RIE II Bonus 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, and even terminate, your benefits under RIE II, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

***Early Withdrawals*** 

All withdrawals taken before your RIE II Coverage Date, including any "free withdrawal amounts" permitted under your Contract, will be considered Early Withdrawals and your RIE II Bonus Base and your Withdrawal Benefit Base will be reduced using the following formulas:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new RIE II Bonus Base | **=** | **BB x** | **(** | **AV – WD** | **)** |
| Your new RIE II Bonus Base | **=** | **BB x** | **(** | **AV** | **)** |
| Your new Withdrawal Benefit Base | **=** | **WBB x** | **(** | **AV - WD** | **)** |
| Your new Withdrawal Benefit Base | **=** | **WBB x** | **(** | **AV** | **)** |

---

Where:

---

| | | |
|:---|:---|:---|
| BB | = | Your RIE II Bonus Base immediately prior to the Early Withdrawal. |
| WBB | = | Your Withdrawal Benefit Base immediately prior to the Early Withdrawal. |
| WD | = | The amount of the Early Withdrawal. |
| AV | = | Your Account Value immediately prior to the Early Withdrawal. |

---

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage, the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your RIE II <br> Bonus Base each year in which you do not take a withdrawal. Your RIE II Coverage Date will not occur until your <br> 15th Account Anniversary (the first Account Anniversary after you reach age 59). Any withdrawals you take prior to <br> that time will be Early Withdrawals. | &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage, the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your RIE II <br> Bonus Base each year in which you do not take a withdrawal. Your RIE II Coverage Date will not occur until your <br> 15th Account Anniversary (the first Account Anniversary after you reach age 59). Any withdrawals you take prior to <br> that time will be Early Withdrawals. | &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage, the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your RIE II <br> Bonus Base each year in which you do not take a withdrawal. Your RIE II Coverage Date will not occur until your <br> 15th Account Anniversary (the first Account Anniversary after you reach age 59). Any withdrawals you take prior to <br> that time will be Early Withdrawals. | &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage, the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your RIE II <br> Bonus Base each year in which you do not take a withdrawal. Your RIE II Coverage Date will not occur until your <br> 15th Account Anniversary (the first Account Anniversary after you reach age 59). Any withdrawals you take prior to <br> that time will be Early Withdrawals. | &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage, the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your RIE II <br> Bonus Base each year in which you do not take a withdrawal. Your RIE II Coverage Date will not occur until your <br> 15th Account Anniversary (the first Account Anniversary after you reach age 59). Any withdrawals you take prior to <br> that time will be Early Withdrawals. | &nbsp;&nbsp; Assume that you are age 45 when your Contract is issued with an initial Purchase Payment of $100,000 and that you <br> elected to participate in RIE II with single-life coverage. (If you selected joint-life coverage, the numbers shown in <br> the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each set equal to <br> your initial Purchase Payment on your Issue Date. Your Withdrawal Benefit Base will increase by 7% of your RIE II <br> Bonus Base each year in which you do not take a withdrawal. Your RIE II Coverage Date will not occur until your <br> 15th Account Anniversary (the first Account Anniversary after you reach age 59). Any withdrawals you take prior to <br> that time will be Early Withdrawals. |
| &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step-up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step-up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step-up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step-up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step-up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. | &nbsp;&nbsp; Assume that because of good investment performance of the Designated Funds during Account Year 2, your Account <br> Value has grown to $125,000 on your second Account Anniversary. Your Contract is therefore eligible for an <br> automatic step-up of its Withdrawal Benefit Base and RIE II Bonus Base. Assume that we have not increased the <br> percentage used to calculate the RIE II Fee on newly issued Contracts; therefore we will step-up your Withdrawal <br> Benefit Base and your RIE II Bonus Base to $125,000. |
| &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59), this <br> is an Early Withdrawal. **All values shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59), this <br> is an Early Withdrawal. **All values shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59), this <br> is an Early Withdrawal. **All values shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59), this <br> is an Early Withdrawal. **All values shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59), this <br> is an Early Withdrawal. **All values shown are as of the beginning of the Account Year**. | &nbsp;&nbsp; Assume that, in your Account Year 7, you withdraw $10,000. Because you are age 51 (and younger than age 59), this <br> is an Early Withdrawal. **All values shown are as of the beginning of the Account Year**. |
| **Account Year** | **Account**<br> **Value**<br>| **Withdrawal**<br> **Benefit Base**<br>| **RIE II**<br> **Bonus Base**<br>| **Annual**<br> **Withdrawal**<br> **Amount**<br>| **Withdrawals** |
| 1 | $100000 | $100000 | $100000 | $0 | $0 |
| 2 | $100000 | $107000 | $100000 | $0 | $0 |
| 3 | $125000 | $125000 | $125000 | $0 | $0 |
| 4 | $125000 | $133750 | $125000 | $0 | $0 |
| 5 | $125000 | $142500 | $125000 | $0 | $0 |
| 6 | $125000 | $151250 | $125000 | $0 | $0 |
| 7 | $125000 | $160000 | $125000 | $0 | $10000 |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| At this point, your RIE II Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your RIE II Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your RIE II Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your RIE II Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: | At this point, your RIE II Bonus Base and your Withdrawal Benefit Base will be recalculated as follows: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new RIE II Bonus Base | = | $125000 | x | $125000 - $10000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new RIE II Bonus Base | = | $125000 | x | $125000 |
|  | = | $125000 | x | $115000 |
|  | = | $125000 | x | $125000 |
|  | = | $125000 | x | 0.92000 |
|  | = | $115000 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $125000 - $10000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Your new Withdrawal Benefit Base | = | $160000 | x | $125000 |
|  | = | $160000 | x | $115000 |
|  | = | $160000 | x | $125000 |
|  | = | $160000 | x | 0.92000 |
|  | = | $147200 |  |  |
| Your Annual Withdrawal Amount will still be $0 because you have not reached your RIE II Coverage Date. | Your Annual Withdrawal Amount will still be $0 because you have not reached your RIE II Coverage Date. | Your Annual Withdrawal Amount will still be $0 because you have not reached your RIE II Coverage Date. | Your Annual Withdrawal Amount will still be $0 because you have not reached your RIE II Coverage Date. | Your Annual Withdrawal Amount will still be $0 because you have not reached your RIE II Coverage Date. |

---

**You should be aware that Early Withdrawals could severely reduce, and even terminate, your benefits under RIE II, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

------

In addition to reducing your benefits under RIE II, any withdrawal before you reach age 59 <sup>1</sup>∕2 could have adverse state and federal tax liabilities. You should consult a qualified tax professional for more information.

***Depleting Your Account Value*** 

**If your Account Value is reduced to zero immediately following an Excess Withdrawal or an Early Withdrawal, then your Withdrawal Benefit Base and the RIE II Bonus Base will both be reduced to zero and your Contract will terminate without value. Therefore, your Contract, as well as any benefits available with RIE II, will end.** 

If, on the other hand, your Account Value is reduced to zero through any combination of poor investment performance of the Designated Funds, Contract charges, and withdrawals other than Excess Withdrawals or Early Withdrawals, your Withdrawal Benefit Base will not be reduced. Your Contract will end, but your right to receive an annual withdrawal amount will continue. That is to say, regardless of your age on the day the Account Value is reduced to zero, you will be entitled to receive your Annual Withdrawal Amount each year for as long as you live.

**Cost of RIE II** 

If you elect RIE II, we will deduct a quarterly fee from your Account Value ("RIE II Fee"). The RIE II Fee will be taken as a specific deduction from your Account Value on the last valuation day of each Account Quarter. The RIE II Fee will be a percentage of your Withdrawal Benefit Base. This percentage will equal 0.2375% of your Withdrawal Benefit Base on the last day of the Account Quarter if you elected single-life coverage (0.2875% for joint-life coverage). The maximum RIE II Fee you can pay in any one Account Year is equal to 0.95% of the highest Withdrawal Benefit Base at any point in that Account Year if you elected single-life coverage (1.15% for joint-life coverage).

**If you purchased your Contract prior to February 17, 2009, your cost for RIE II was initially, on an annual basis, 0.80% of the highest Withdrawal Benefit Base for single-life coverage (1.00% for joint-life coverage). Your cost for RIE II will not increase unless:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **you decide to step-up your Withdrawal Benefit Base, as described below under "Step-Up Under RIE II," and** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **you consent in writing, at the time of step-up, to accept an increase in your RIE II Fee to 0.95% for single-life coverage (1.15% for joint-life coverage).** 

**If you do not consent to the higher fee, the step-up will not be implemented and all subsequent step-ups will be suspended unless and until we receive your written consent to the higher fee.** 

Your RIE II Fee will not change during an Account Year, unless you take one of the following specific actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an additional Purchase Payment during your first Account Year, you will increase your Withdrawal Benefit Base and thus your RIE II Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make a withdrawal before your RIE II Coverage Date or a withdrawal in excess of your Annual Withdrawal Amount, you will decrease your Withdrawal Benefit Base and thus your RIE II Fee.

However, **on each Account Anniversary**, we determine whether favorable investment performance of the Designated Funds may cause the Withdrawal Benefit Base to increase as described below under "Step-Up Under RIE II." If your Withdrawal Benefit Base increases because of favorable investment performance, your RIE II fee will also increase because it is recalculated on each Account Anniversary based upon your highest Withdrawal Benefit Base during that Account Year.

We will continue to deduct the RIE II Fee until you annuitize your Contract, your Account Value reduces to zero, or your RIE II is terminated or cancelled as described under "Cancellation of RIE II" in this Appendix.

------

**Step-Up Under RIE II** 

Regardless of your age on the Issue Date, on each Account Anniversary prior to your Annuity Commencement Date, we will automatically step-up your Withdrawal Benefit Base and your RIE II Bonus Base, ***provided that*** you satisfy certain requirements. ***First***, you must meet eligibility requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value must equal no more than $5,000,000. (For purposes of determining the $5,000,000 limit, we reserve the right, in our sole discretion, to aggregate your Account Value with the account values of all other variable annuity contracts you own issued by Delaware Life or its affiliates.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your highest quarter-end Account Value (adjusted for subsequent Purchase Payments and withdrawals) during the most recent Account Year ("Highest Quarterly Value") must be greater than your current Withdrawal Benefit Base (adjusted for any applicable 7% bonus increases).

***Second***, if you satisfy the eligibility requirements, we ***then*** consider whether market conditions have caused us to increase the percentage rate used to calculate the RIE II Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have ***not*** had to increase the percentage rate as described above, the percentage rate we use to calculate your RIE II Fee will remain unchanged and we will automatically step-up your Withdrawal Benefit Base and your RIE II Bonus Base

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have had to increase the percentage rate as described above, we offer you the opportunity to step-up at the higher percentage rate. In this case, your written consent is required to accept the higher percentage rate used to calculate your RIE II Fee and step-up your Withdrawal Benefit Base and RIE II Bonus Base. **If you do not consent to the step-up and higher percentage, the step-up will not be implemented and all subsequent step-ups of your Withdrawal Benefit Base and RIE II Bonus Base will also be suspended.** You may thereafter submit an election form to us, however, in order to consent to the then-applicable percentage rate and thus reactivate subsequent automatic step-ups.

At the time of step-up, we will increase your Withdrawal Benefit Base and RIE II Bonus Base to an amount equal to the Highest Quarterly Value, if such amount exceeds your current Withdrawal Benefit Base (adjusted for any applicable 7% bonus increases). If the step-up occurs during the RIE II Bonus Period, your RIE II Bonus Period will renew for another 10-year period commencing at the time of step-up.

If your Lifetime Withdrawal Percentage has already been determined and your age at the time of step-up coincides with a higher percentage as shown in the applicable table below, your Lifetime Withdrawal Percentage will increase. After the step-up, your Annual Withdrawal Amount will be your Lifetime Withdrawal Percentage multiplied by your new Withdrawal Benefit Base. If you purchased your Contract on or after February 17, 2009, your Lifetime Withdrawal Percentage is determined, based upon your age at time of step-up, as follows:

---

| | |
|:---|:---|
| **Your Age at Step-up\*** | **Lifetime Withdrawal Percentage** |
| 59 - 64 | 4% |
| 65 - 74 | 5% |
| 75 - 79 | 6% |
| 80 or older | 7% |

---

------

\*

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

------

If you purchased your Contract prior to February 17, 2009, your Lifetime Withdrawal Percentage is determined, based upon your age at time of step-up, as follows:

---

| | |
|:---|:---|
| **Your Age at Step-up\*** | **Lifetime Withdrawal Percentage** |
| 59 - 69 | 5% |
| 70 - 79 | 6% |
| 80 or older | 7% |

---

------

\*

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

Here are examples of how step-up works under a few different circumstances. In each of the four examples, Account Values shown are as of the last day of each Account Quarter. Adjustments are made on the day a Purchase Payment or withdrawal is made. All four examples assume that the Contract was purchased on or after February 17, 2009.

---

| |
|:---|
| &nbsp;&nbsp; Assume that you are 65 years old when you purchase a Contract with an initial Purchase Payment of $100,000, and <br> that you elect to participate in RIE II with single-life coverage. (If you selected joint-life coverage, the numbers <br> shown in the example could be different.) Your Withdrawal Benefit Base and your RIE II Bonus Base are each equal <br> to your initial Purchase Payment. Your Annual Withdrawal Amount is $5,000 (5% of your Withdrawal Benefit Base).<br>|
| &nbsp;&nbsp; The Account Values on each of your four Account Quarters are $113,000, $108,000, $90,000, and $103,000, <br> respectively. No additional Purchase Payments are made and no withdrawals are taken, so no adjustments to these <br> values are necessary. The highest adjusted quarterly value is $113,000. Your new Withdrawal Benefit Base is set to <br> equal to $113,000 since that amount exceeds your previous Withdrawal Benefit Base increased by 7% of your RIE II <br> Bonus Base ($100,000 + $7,000).<br>|

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent** <br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Withdrawal**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | n/a | $113000 | $100000 |
| **End of Second Quarter** | $108000 | n/a | $108000 | $100000 |
| **End of Third Quarter** | $90000 | n/a | $90000 | $100000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $103000 | n/a | $103000 | $100000 |
| **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** |  | $113000 |  |
| **Step-up comparison** | Is $113,000 greater than $100,000 + $7,000? Yes, so step-up. | Is $113,000 greater than $100,000 + $7,000? Yes, so step-up. | Is $113,000 greater than $100,000 + $7,000? Yes, so step-up. | Is $113,000 greater than $100,000 + $7,000? Yes, so step-up. |
| **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** |
| **New Withdrawal Benefit Base =** | **New Withdrawal Benefit Base =** | $113000 | Highest Quarterly Value (after <br> adjustments) | Highest Quarterly Value (after <br> adjustments) |
| **New Annual Withdrawal Amount =** | **New Annual Withdrawal Amount =** | $5650 | $113,000 x 5% | $113,000 x 5% |
| **New RIE II Bonus Base =** | **New RIE II Bonus Base =** | $113000 |  |  |
| &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. |

---

If you make an additional Purchase Payment during your first Account Year, your Account Value, your Withdrawal Benefit Base, and your RIE II Bonus Base are each immediately increased by the amount of the additional Purchase Payment.

------

Here is an example of how an additional Purchase Payment of $50,000 made in the first Account Quarter would affect your step-up:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent** <br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Withdrawal**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | $50000 | $163000 | $100000 |
| **$50,000 Purchase Payment** | $163000 | n/a | n/a | $150000 |
| **End of Second Quarter** | $158000 | n/a | $158000 | $150000 |
| **End of Third Quarter** | $140000 | n/a | $140000 | $150000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $153000 | n/a | $153000 | $150000 |
| **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** |  | $163000 |  |
| **Step-up comparison** | Is $163,000 greater than $150,000 + $10,500? Yes, so step-up. | Is $163,000 greater than $150,000 + $10,500? Yes, so step-up. | Is $163,000 greater than $150,000 + $10,500? Yes, so step-up. | Is $163,000 greater than $150,000 + $10,500? Yes, so step-up. |
| **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** |
| **New Withdrawal Benefit Base =** | **New Withdrawal Benefit Base =** | $163000 | Highest Quarterly Value (after <br> adjustments) | Highest Quarterly Value (after <br> adjustments) |
| **New Annual Withdrawal Amount =** | **New Annual Withdrawal Amount =** | $8150 | $163,000 x 5% | $163,000 x 5% |
| **New RIE II Bonus Base =** | **New RIE II Bonus Base =** | $163000 |  |  |
| &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. |

---

Here is an example of how a $4,000 withdrawal taken in the second Account Quarter would affect your step-up:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent** <br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Withdrawal**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | - $4000 | $109000 | $100000 |
| **$4,000 withdrawal** | $109000 | n/a | n/a | $100000 |
| **End of Second Quarter** | $104000 | n/a | $104000 | $100000 |
| **End of Third Quarter** | $86000 | n/a | $86000 | $100000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $99000 | n/a | $99000 | $100000 |
| **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** |  | $109000 |  |
| **Step-up comparison** | Is $109,000 greater than $100,000 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $109,000 greater than $100,000 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $109,000 greater than $100,000 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $109,000 greater than $100,000 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. |
| **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** |
| **New Withdrawal Benefit Base =** | **New Withdrawal Benefit Base =** | $109000 | Highest Quarterly Value (after <br> adjustments) | Highest Quarterly Value (after <br> adjustments) |
| **New Annual Withdrawal Amount =** | **New Annual Withdrawal Amount =** | $5450 | $109,000 x 5% | $109,000 x 5% |
| **New RIE II Bonus Base =** | **New RIE II Bonus Base =** | $109000 |  |  |
| &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. |

---

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Assume instead you take a $40,000 withdrawal in the second Account Quarter at a point when the Account Value equaled $99,000 immediately before the withdrawal. Since this withdrawal exceeds your Annual Withdrawal Amount, it is considered an Excess Withdrawal. The Excess Withdrawal reduces your Withdrawal Benefit Base and your RIE II Bonus Base as described under "*Excess Withdrawals*" in this Appendix. All previous quarter-end Account Values are first reduced by the Annual Withdrawal Amount less any prior withdrawals taken in that Account Year and then adjusted in the same proportion that the Withdrawal Benefit Base was adjusted after the Excess Withdrawal. (See the two-step calculation shown in the box below the following example.)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent** <br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Withdrawal**<br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | - $45213 | $67787 | $100000 |
| **$40,000 withdrawal** | $59000 | n/a | n/a | $62766 |
| **End of Second Quarter** | $68000 | n/a | $68000 | $62766 |
| **End of Third Quarter** | $50000 | n/a | $50000 | $62766 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $63000 | n/a | $63000 | $62766 |
| **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** |  | $68000 |  |
| **Step-up comparison** | Is $68,000 greater than $62,766 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $68,000 greater than $62,766 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $68,000 greater than $62,766 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. | Is $68,000 greater than $62,766 + $0 (no bonus since withdrawal taken)? <br> Yes, so step-up. |
| **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** |
| **New Withdrawal Benefit Base =** | **New Withdrawal Benefit Base =** | $68000 | Highest Quarterly Value (after <br> adjustments) | Highest Quarterly Value (after <br> adjustments) |
| **New Annual Withdrawal Amount =** | **New Annual Withdrawal Amount =** | $3400 | $68,000 x 5% | $68,000 x 5% |
| **New RIE II Bonus Base =** | **New RIE II Bonus Base =** | $68000 |  |  |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| (1) | &nbsp;&nbsp; Reduce the end of First Quarter Account Value <br> by the Annual Withdrawal Amount less any prior <br> withdrawals taken in that Account Year<br>| $113000 | - $5000 | = $108,000 |
| (2) | &nbsp;&nbsp; Adjust the Account Value for the first Account <br> Quarter | $108,000 x | $99000 - $40000 | = $67,787 |
| (2) | &nbsp;&nbsp; Adjust the Account Value for the first Account <br> Quarter | $108,000 x | <sup>$99,000 - $5,000</sup> | = $67,787 |
|  | The total adjustment | $113000 | - $67787 | = $45,213 |

---

All of the above examples assume that you are age 65 at issue, so your Lifetime Withdrawal Percentage is 5%. Assume instead you are age 74 at issue and have attained age 75 on your first Account Anniversary. Follow the first example where no withdrawals were taken and no additional Purchase Payments were made. When your Withdrawal Benefit Base steps-up to $113,000, your new Lifetime Withdrawal Percentage is 6% since you had attained age 75 by your first Account Anniversary. Your Annual Withdrawal Amount is now $6,780.

**Joint-Life Coverage** 

On the Issue Date, you have the option of electing RIE II with single-life coverage or, for a higher RIE II Fee, with joint-life coverage. Once you make the election, you cannot switch between joint-life and single-life coverage, regardless of any change in life events. Joint-life coverage is not available if you are unmarried on the Issue Date.

Joint-life coverage can be elected on an individually-owned Contract or on a co-owned Contract. On an *individually-owned* Contract, joint-life coverage is available only if your spouse is the sole primary beneficiary on the

------

Issue Date and remains the sole primary beneficiary while RIE II is in effect. On a co-owned Contract, joint-life coverage is available only if you and your spouse are the only co-owners on the Issue Date and remain so while RIE II is in effect. Whereas single-life coverage provides annual withdrawals under RIE II only until ***any*** Participant dies, joint-life coverage provides annual withdrawals under RIE II for as long as ***either*** you or your spouse is alive. (Note, however, upon the death of a spouse, the Contract, including RIE II, ends. **To take annual withdrawals under RIE II's joint-life feature after the death of a spouse, the surviving spouse must first elect to continue the Contract through the "Spousal Continuance" provision.)** See also "Death of Participant Under RIE II with Joint-Life Coverage" in this Appendix.

If you have elected joint-life coverage, the RIE II Coverage Date will be your Issue Date if the ***younger spouse*** is at least age 59 on the Issue Date, and will be the first Account Anniversary after the ***younger spouse*** attains (or would have attained) age 59 if the younger spouse is less than age 59 on the Issue Date. (For purposes of joint-life coverage, the younger spouse refers to the person who was the younger spouse on the Issue Date, even if that person has died or is no longer married to the person who was his or her spouse on the Issue Date.) Thus, Early Withdrawals will be determined based upon this definition of your RIE II Coverage Date. Your Lifetime Withdrawal Percentage will be determined based on the age that the ***younger spouse*** is (or would have been) on the date of the first withdrawal under the Contract after the RIE II Coverage Date, as shown in the tables below. If you purchased your Contract on or after February 17, 2009, your Lifetime Withdrawal Percentage is determined, as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Age of Younger Spouse on** <br> **Date of the First Withdrawal After**<br> **Your RIE II Coverage Date**<br>| **Lifetime Withdrawal Percentage** |
| 59 - 64 | 4% |
| 65 - 74 | 5% |
| 75 - 79 | 6% |
| 80 or older | 7% |

---

If you purchased your Contract prior to February 17, 2009, your Lifetime Withdrawal Percentage is determined, as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Age of Younger Spouse on** <br> **Date of First Withdrawal After**<br> **Your RIE II Coverage Date**<br>| **Lifetime Withdrawal Percentage** |
| 59 - 69 | 5% |
| 70 - 79 | 6% |
| 80 or older | 7% |

---

Your Annual Withdrawal Amount equals your Withdrawal Benefit Base multiplied by your Lifetime Withdrawal Percentage. Once your Annual Withdrawal Amount is calculated, the Lifetime Withdrawal Percentage will not change except if a step-up occurs as described under "Step-Up Under RIE II" in this Appendix. The Lifetime Withdrawal Percentage will then be reset, if higher, to the percentage for then attained age of the younger spouse.

The two spouses on the Issue Date are the only two people covered under the joint-life feature. If a Participant remarries, the new spouse is not covered under the joint-life feature. Therefore, if the spouse on the Issue Date is no longer your spouse, RIE II benefits continue for your life and, when you die, annual withdrawals are no longer available. Note that, when you elect joint-life coverage, you also elect the higher joint-life fee. That fee will not change as long as RIE II is in effect, regardless of any change in life events.

**If one spouse is significantly younger than the other spouse, 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 RIE II can be made and in light of the higher fee for joint-life coverage.** 

Joint-life coverage may not be available on all Contracts.

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**Cancellation of RIE II** 

Should you decide that RIE II is no longer appropriate for you, you may cancel RIE II at any time. Upon cancellation, all benefits and charges under RIE II shall cease. Once cancelled, RIE II cannot be reinstated.

Although transfers among the Designated Funds are permitted as described under "Transfer Privilege" in the prospectus to which this Appendix is attached, **RIE II will be cancelled automatically:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any Purchase Payment is allocated to an investment option other than a Designated Fund; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any portion of Account Value maintained in a Designated Fund is transferred into an investment option other than a Designated Fund.

**RIE II will also be cancelled for any of the following:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon a termination of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon annuitization\*; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Withdrawal Benefit Base is reduced to zero as a result of Early or Excess Withdrawals.

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\*

Note that the Maximum Annuity Commencement Date permitted under this Contract is the first day of the month following the Annuitant's 95th birthday. See "Selection of Annuity Commencement Date" under "THE INCOME PHASE – ANNUITY PROVISIONS" in the prospectus to which this Appendix is attached.

**A change of ownership of the Contract may also cancel your benefits under RIE II.** 

**Death of Participant Under RIE II with Single-Life Coverage** 

If you selected single-life coverage, RIE II terminates on the death of any Participant and the Beneficiary may elect to exercise any of the available options under the Death Benefit provisions of the Contract.

**Death of Participant Under RIE II with Joint-Life Coverage** 

If the surviving spouse on the Death Benefit Date was not the spouse of a Participant on the original Contract's Issue Date, then this section does not apply, even if joint-life coverage was elected. In such case, if a Participant dies while participating in RIE II, the provisions of the section titled "Death of Participant Under RIE II with Single-Life Coverage" will apply.

If you purchased joint-life coverage and one of the Participants dies, RIE II 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;● the new Account Value will be equal to the Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the RIE II Fee for the joint-life coverage option will continue for the surviving spouse as it was immediately prior to the death of the Participant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Withdrawal Benefit Base and the RIE II Bonus Base will remain unchanged until the next Account Anniversary when a step-up could apply due to an increase in Account Value (see "Step-Up Under RIE II" in this Appendix);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if withdrawals under RIE II have not yet begun, the Lifetime Withdrawal Percentage will be based on the age the younger spouse attains (or would have attained) on the date of the first withdrawal after the RIE II Coverage Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if withdrawals under RIE II have already begun, the Lifetime Withdrawal Percentage will be the Lifetime Withdrawal Percentage that applied to the Contract prior to the death of the Participant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the RIE II Bonus Period will continue unchanged from the original contract.

At the death of the surviving spouse, the Contract, including RIE II, will terminate.

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If you purchased joint-life coverage and the deceased Participant's surviving spouse does not continue the Contract, your Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

**Annuitization Under RIE II** 

Under the terms of RIE II, if your Account Value is greater than zero on your Maximum Annuity Commencement Date, you may elect to:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) annuitize your Account Value under one of the then currently available Annuity Options, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) annuitize your remaining Account Value as a single-life annuity (or a joint-life annuity, if joint-life coverage was elected at issue and is still eligible) with an annualized annuity payment of not less than your then current Annual Withdrawal Amount.

If you make no election, we will default your choice to option 3.

If your Account 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 Maximum Annuity Commencement Date, you will receive your full Annual Withdrawal Amount until you die. For a more complete discussion of this, see "*Depleting Your Account Value*" in this Appendix.

**Certain Tax Provisions** 

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as RIE II. If you elected to participate in RIE II, we will inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit. To assist you in complying with the RMD requirements, each year, we will notify you in early January of your calculated Yearly RMD Amount and inform you that you may withdraw annual amounts up to your Yearly RMD Amount without reducing your guaranteed withdrawal benefit.

In the event that your Yearly RMD Amount attributable to your Contract is greater than the maximum withdrawal amount permitted each year under RIE II, we are currently waiving withdrawal provisions as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in RIE II, we reduce your Account Value dollar for dollar by the amount of the withdrawal. In addition, for that year only, your Annual Withdrawal Amount under RIE II will be reduced, dollar for dollar, by the amount of the withdrawal. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than your Annual Withdrawal Amount. In other words, we will not reduce your Annual Withdrawal Amount for future years (or your Withdrawal Benefit Base or Bonus Base), if a Yearly RMD Amount exceeds your Annual Withdrawal Amount, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that Amount until the first quarter of the next calendar year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in you receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

Currently, any withdrawal in excess of the Annual Withdrawal Amount that is taken to satisfy the Yearly RMD Amounts will not be treated as an Excess Withdrawal, and will not reduce the Withdrawal Benefit Base. **However, if there is any material change to the current Code or IRS Rules governing the timing or determination of required minimum distribution amounts, then the Company reserves the right to treat any withdrawal greater than the Annual Withdrawal Amount as an Excess Withdrawal which may significantly reduce the Withdrawal Benefit Base.** 

For a further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

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**APPENDIX P -Income** <br> **ON Demand**<sup>®</sup> **II Escalator** 

**The optional living benefit known as Income ON Demand II Escalator ("IOD II Escalator") was available on Contracts purchased on or after October 20, 2008, and prior to August 17, 2009, and on certain limited Contracts purchased on or after August 17, 2009. If you elected to participate in IOD II Escalator, the following information applies to your Contract. IOD II Escalator is no longer available for sale on new Contracts.** 

**If you purchased your Contract prior to February 17, 2009, and elected to participate in IOD II Escalator, your Lifetime Income Percentage (defined below) is different from the Lifetime Income Percentage available on Contracts purchased on or after that date. (See "Determining Your Annual Income Amount," "Step-Up Under IOD II Escalator," and "Joint-Life Coverage" in this Appendix.) In addition, unless you "step-up" as described under "Step-Up Under IOD II Escalator," the fee charged for IOD II Escalator is lower than the fee charged on Contracts purchased on or after February 17, 2009. (See "Cost of IOD II Escalator" in this Appendix.)** 

To describe how IOD II Escalator works, we use the following definitions:

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| | |
|:---|:---|
| **Annual Income Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount added to your Stored Income Balance on each Account Anniversary <br> during your Stored Income Period. It is equal to your Income Benefit Base <br> multiplied by your Lifetime Income Percentage.<br>|
| **Early Withdrawal:** | Any withdrawal taken prior to your First Withdrawal Date. |
| **Excess Withdrawal:** | &nbsp;&nbsp;&nbsp;&nbsp; Any withdrawal taken after your First Withdrawal Date that exceeds your Stored <br> Income Balance (or your Required Minimum Distribution Amount, if greater).<br>|
| **Fee Base:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount used to calculate your "IOD II Escalator Fee" (see "Cost of IOD II <br> Escalator").<br>|
| **First Withdrawal Date:** | &nbsp;&nbsp;&nbsp;&nbsp; Your Issue Date if you are at least age 59 at issue, otherwise the first Account <br> Anniversary after you attain age 59.<br>|
| **Income Benefit Base:** | The amount used to calculate your Annual Income Amount for IOD II Escalator. |
| **Lifetime Income Percentage:** | The percentage used to calculate your Annual Income Amount. |
| **Stored Income Balance:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount you may withdraw at any time after your First Withdrawal Date <br> without reducing your benefits under IOD II Escalator.<br>|
| **Stored Income Period:** | &nbsp;&nbsp;&nbsp;&nbsp; A period beginning on your Issue Date if you are at least age 50 at issue, <br> otherwise the first Account Anniversary following your 50th birthday, ending on <br> your Annuity Commencement Date.<br>|
| **You and Your:** | &nbsp;&nbsp;&nbsp;&nbsp; The terms "you" and "your" refer to the oldest living Participant or the surviving <br> spouse of the oldest Participant, as described under "Death of Participant Under <br> IOD II Escalator with Joint-Life Coverage." In the case of a non-natural <br> Participant, these terms refer to the oldest living Annuitant.<br>|

---

**Upon annuitization, IOD II Escalator and any elected optional death benefit automatically terminate.** 

IOD II Escalator allows you to withdraw a guaranteed amount each year, ***beginning after your First Withdrawal Date***, until the death of any Participant if single-life coverage is elected (or until the death of both the Participant and the Participant's spouse if joint-life coverage is elected), regardless of the investment performance of the Designated Funds, provided that you comply with certain requirements. The guaranteed annual amount you can withdraw, in any one year, can be 4%, 5%, 6%, or 7% of your Income Benefit Base depending upon your age. **Any amount that you do not withdraw in a given year will remain in the Stored Income Balance and can be withdrawn at any time in the future*.*** 

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**If you are participating in IOD II Escalator, you may make Purchase Payments only during your first Account Year. After the first Account Anniversary, any Purchase Payments you submit will be returned to you.** 

To participate in IOD II Escalator, all of your Account Value must be invested only in Designated Funds at all times during the term of IOD II Escalator. (The term of IOD II Escalator is for life, unless your Income Benefit Base is reduced to zero or your benefits under IOD II Escalator are terminated or cancelled as described under "Cancellation of IOD II Escalator," "*Depleting Your Account Value*," and "Annuitization Under IOD II Escalator" in this Appendix.) The only Funds, dollar-cost averaging program options, and asset allocation models that currently qualify as Designated Funds are listed in the section entitled "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

You also had the option of choosing between single-life coverage and joint-life coverage. These options are described in greater detail under "Joint-Life Coverage" and the sections entitled "Death of Participant Under IOD II Escalator with Single-Life Coverage" and "Death of Participant Under IOD II Escalator with Joint-Life Coverage" in this Appendix.

**Determining Your Income Benefit Base** 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased on each Account Anniversary by any step-ups as described in this Appendix under "Step-Up Under IOD II Escalator";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased to the extent that you exercise your one-time option to use any amount of your Stored Income Balance to increase your Income Benefit Base, as described below under "How IOD II Escalator Works";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any subsequent Purchase Payments you make during the first year following the Issue Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Early Withdrawals you take, as described under "*Early Withdrawals*" in this Appendix; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Excess Withdrawals you take, as described under "*Excess Withdrawals*" in this Appendix.

**Determining Your Annual Income Amount** 

Your Annual Income Amount is first determined at the beginning of your Stored Income Period and then on each subsequent Account Anniversary. Your Annual Income Amount is equal to your Income Benefit Base multiplied by your Lifetime Income Percentage. The Lifetime Income Percentage depends upon your age at the beginning of your Stored Income Period as shown in the tables below. If you purchased your Contract on or after February 17, 2009, your Lifetime Income Percentage is determined, as follows:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Your Age at the Beginning of**<br> **Your Stored Income Period\***<br>| **Lifetime Income Percentage** |
| 50 - 64 | 4% |
| 65 - 74 | 5% |
| 75 - 79 | 6% |
| 80 or older | 7% |

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\*

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

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If you purchased your Contract prior to February 17, 2009, your Lifetime Income Percentage is determined, as follows:

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| | |
|:---|:---|
| &nbsp;&nbsp; **Your Age at the Beginning of**<br> **Your Stored Income Period\***<br>| **Lifetime Income Percentage** |
| 50 - 69 | 5% |
| 70 - 79 | 6% |
| 80 or older | 7% |

---

------

\*

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

Your Lifetime Income Percentage will only increase if your age at the time of step-up coincides with a higher percentage as shown in the tables above. (See "Step-Up Under IOD II Escalator" in this Appendix.) An increase in the Lifetime Income Percentage will increase your Annual Income Amount.

Your Annual Income Amount will also change with any change to your Income Benefit Base as described above under "Determining Your Income Benefit Base."

**Determining Your Stored Income Balance** 

At the beginning of the Stored Income Period, your Stored Income Balance will equal your Annual Income Amount (your Lifetime Income Percentage multiplied by your Income Benefit Base on that Date). Thereafter, your Stored Income Balance is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by your Lifetime Income Percentage multiplied by any subsequent Purchase Payments you make during the first year following the Issue Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased on each Account Anniversary by your Annual Income Amount determined on that Anniversary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased by the amount of any withdrawals you take, on or after your First Withdrawal Date, up to the amount of your Stored Income Balance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased to $0 if you take an Excess Withdrawal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased in proportion to the change in your Account Value if you take an Early Withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased by the amount you use in exercising your one-time option to increase your Income Benefit Base (described below under "How IOD II Escalator Works").

**How IOD II Escalator Works** 

Under the terms of IOD II Escalator, you can take withdrawals up to the amount of your Stored Income Balance beginning on your First Withdrawal Date, subject to the terms and conditions discussed below. You can use all or a portion of your Stored Income Balance to effect a one-time increase of your Income Benefit Base prior to your Annuity Commencement Date. IOD II Escalator also provides the opportunity to increase your Annual Income Amount if your Lifetime Income Percentage increases as you grow older. (Your Lifetime Income Percentage will only increase if you step-up after you reach certain specified ages.) If your Account Value is reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), and your Income Benefit Base is greater than zero, you will receive your full Annual Income Amount every year until you die.

Withdrawals from your Stored Income Balance can be taken at any time beginning on your First Withdrawal Date and prior to your Annuity Commencement Date without affecting your Income Benefit Base. If, beginning on your First Withdrawal Date, you make a withdrawal that does not exceed your Stored Income Balance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance will be decreased by the amount withdrawn; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the withdrawal will not be subject to withdrawal charges.

------

You also have the option to use all or a portion of your Stored Income Balance to increase your Income Benefit Base. This option allows you to increase your future Annual Income Amount. **While your Contract is in force, you may exercise this option only once and you must do so prior to your Annuity Commencement Date.** If you choose to use any portion of your Stored Income Balance to increase your Income Benefit Base:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance will be decreased by the amount used;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the amount of your Stored Income Balance used will be added to your Income Benefit Base; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your new Annual Income Amount on your next Account Anniversary will equal your Lifetime Income Percentage multiplied by your new Income Benefit Base.

Here is an example of how IOD II Escalator works. These examples assume that your Contract was purchased on or after February 17, 2009.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** |
| **Year** | **Account Value** | **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 1 | $100000 | $100000 | $5000 | $0 | $5000 |
| 2 | $100000 | $100000 | $5000 | $0 | $10000 |
| 3 | $100000 | $100000 | $5000 | $0 | $15000 |
| 4 | $100000 | $100000 | $5000 | $0 | $20000 |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. |
| **Year** | **Account Value** | **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $100000 | $5000 | $0 | $25000 |
| 6 | $100000 | $125000 | $6250 | $0 | $6250 |
| 7 | $100000 | $125000 | $6250 | $0 | $12500 |
| 8 | $100000 | $125000 | $6250 | $0 | $18750 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |

---

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. |
| **Year** | **Account Value** | **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $100000 | $5000 | $25000 | $0 |
| 6 | $75000 | $100000 | $5000 | $0 | $5000 |
| 7 | $75000 | $100000 | $5000 | $0 | $10000 |
| 8 | $75000 | $100000 | $5000 | $0 | $15000 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |

---

**Early Withdrawals and Excess Withdrawals may significantly decrease, and even terminate, your benefits under IOD II Escalator, including reducing your Account Value to zero and thereby terminating your Contract without value, as described further below under "Withdrawals Under IOD II Escalator."** Even if your Stored Income Period has begun, withdrawals prior to your First Withdrawal Date are considered Early Withdrawals. **Investing in any Fund, other than a Designated Fund, will cancel IOD II Escalator as described under "Cancellation of IOD II Escalator" in this Appendix.** 

**Withdrawals Under IOD II Escalator** 

***Withdrawals After Your First Withdrawal Date*** 

Starting on your First Withdrawal Date and continuing to your Annuity Commencement Date you may take annual withdrawals up to your Stored Income Balance without reducing your Annual Income Amount. These withdrawals will reduce your Stored Income Balance by the full amount of the withdrawal, but will not change your Income Benefit Base. This is shown in the previous example.

Withdrawals taken after your First Withdrawal Date and during the withdrawal charge period permitted under your Contract are subject to withdrawal charges 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 your Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Yearly Required Minimum Distribution Amount (subject to conditions discussed under "Certain Tax Provisions" in this Appendix).

***Excess Withdrawals*** 

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - WD** | **)** |
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - SB** | **)** |

---

Where:

---

| | | |
|:---|:---|:---|
| IBB | = | Your Income Benefit Base immediately prior to the Excess Withdrawal. |
| WD | = | The amount of the Excess Withdrawal. |
| SB | = | Your Stored Income Balance (or your Required Minimum Distribution Amount, if <br> greater) immediately prior to the Excess Withdrawal.<br>|
| AV | = | Your Account Value immediately prior to the Excess Withdrawal. |

---

------

Your Annual Income Amount will be recalculated based on the reduced Income Benefit Base. Here is an example of an Excess Withdrawal:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Using the same facts as the previous example,** assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will be <br> reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example,** assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will be <br> reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example,** assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will be <br> reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example,** assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will be <br> reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example,** assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will be <br> reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example,** assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will be <br> reduced to $61,538 as shown below. |
| **Year** | **Account Value** | **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $100000 | $5000 | $50000 | $0 |
| 6 | $50000 | $61538 | $3077 | $0 | $3077 |
| 7 | $50000 | $61538 | $3077 | $0 | $6154 |
| 8 | $50000 | $61538 | $3077 | $0 | $9231 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | = | $100,000 x | ( | $90000 - $50000 | = $61,538 |
| Your new Income Benefit Base | = | $100,000 x | ( | $90000 - $25000 | = $61,538 |

---

**Excess Withdrawals taken in a down market could severely reduce and even terminate, your benefits under IOD II Escalator, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

***Early Withdrawals*** 

All withdrawals taken before your First Withdrawal Date, **including any "free withdrawal amounts"** permitted under your Contract, will be considered Early Withdrawals and the Income Benefit Base and the Stored Income Balance will be reduced using the following formulas:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - WD** | **)** |
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV** | **)** |
| Your new Stored Income Balance | **=** | **SB x** | **(** | **AV - WD** | **)** |
| Your new Stored Income Balance | **=** | **SB x** | **(** | **AV** | **)** |

---

Where:

---

| | | |
|:---|:---|:---|
| IBB | = | Your Income Benefit Base immediately prior to the Early Withdrawal. |
| SB | = | Your Stored Income Balance immediately prior to the Early Withdrawal. |
| WD | = | The amount of the Early Withdrawal. |
| AV | = | Your Account Value immediately prior to the Early Withdrawal. |

---

Your future Annual Income Amount will be recalculated based on the reduced Income Benefit Base.

In addition, Early Withdrawals will also be subject to withdrawal charges, to the extent that such withdrawals are in excess of the "free withdrawal amount" permitted under your Contract. **Early Withdrawals could severely reduce, and even terminate, your benefits under IOD II Escalator, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

In addition to reducing your benefits under IOD II Escalator, any withdrawal before your First Withdrawal Date could have state and federal income tax liability. You should consult a qualified tax professional for more information.

------

***Depleting Your Account Value*** 

**If your Account Value is reduced to zero immediately following an Early Withdrawal or an Excess Withdrawal (as described above), then your Stored Income Balance and your Income Benefit Base will both be reduced to zero and your Contract will terminate without value.** Therefore, your Contract, as well as any benefits available with IOD II Escalator, will end.

If your Account Value is reduced to zero through any combination of poor investment performance of the Designated Funds, Contract charges, and withdrawals ***other than*** Excess Withdrawals or Early Withdrawals, your Income Benefit Base will ***not*** be reduced. Your Contract will end. You will be entitled to receive annual payments equal to your Lifetime Income Percentage multiplied by your Income Benefit Base. Prior to determining your annual payments, you may increase your Income Benefit Base by any remaining Stored Income Balance as described below. These payments will continue for as long as you live. If you elected joint-life coverage, the payments will continue as long as either you or your spouse are alive as described in this Appendix under "Death of Participant Under IOD II Escalator with Joint-Life Coverage." If you have any remaining Stored Income Balance on the day your Account Value is reduced to zero, you will be notified that, before you begin to receive your "annual lifetime payments," you must deplete your Stored Income Balance by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) withdrawing your remaining Stored Income Balance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) applying the remaining amount of your Stored Income Balance to increase your Income Benefit Base (and thus the amount of your "annual lifetime payments"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) using a combination of (a) and (b).

Because the Contract has ended, the amount of these annual lifetime payments will not change and they will not be subject to any withdrawal charges. You should be aware, however, that they could be subject to state and federal income tax liability. You should consult a qualified tax professional for more information.

**Cost of IOD II Escalator** 

If you elect IOD II Escalator, we will deduct a quarterly fee from your Account Value ("IOD II Escalator Fee"). The IOD II Escalator Fee will be taken as a specific deduction from your Account Value on the last valuation day of each Account Quarter and will equal 0.2375 % of your Fee Base on that day, if you elected single-life coverage (0.2875% for joint-life coverage). On an annual basis, the IOD II Escalator Fee is equal to 0.95% of your Fee Base if you elected single-life coverage (1.15% for joint-life coverage).

**If you purchased your Contract prior to February 17, 2009, your cost for IOD II Escalator was initially, on an annual basis, 0.80% of the highest Fee Base for single-life coverage (1.00% for joint-life coverage). Your cost for IOD II Escalator will not increase unless:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **you decide to step-up your Income Benefit Base, as described in this Appendix under "Step-Up Under IOD II Escalator," and** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **you consent in writing, at the time of step-up, to accept an increase in your IOD II Escalator Fee to 0.95% for single-life coverage (1.15% for joint-life coverage).** 

**If you do not consent to the higher fee, the step-up will not be implemented and all subsequent step-ups will be suspended unless and until we receive your written consent to the higher fee.** 

During the first Account Year, your Fee Base is equal to your Income Benefit Base. On each Account Anniversary, the Fee Base is recalculated. Your new Fee Base will be reset to equal your Income Benefit Base plus your Stored Income Balance (if any) less your Annual Income Amount (if any) for that year if this recalculated amount is higher than your current Fee Base. In the event that the recalculated amount is not greater than your current Fee Base, we will continue to calculate your IOD II Escalator Fee based upon your current Fee Base until, at least, your next Account Anniversary. Note that, although your IOD II Escalator Fee may increase, it will never decrease.

------

For the most part, we calculate your Fee Base only on your Account Anniversary. However, we will recalculate your Fee Base between Account Anniversaries, if you take an Early Withdrawal or Excess Withdrawal or make additional Purchase Payments during your first Account Year.

If you take an Excess Withdrawal during your Stored Income Period, your Fee Base will be decreased by the following formula:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV - WD** | **)** |
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV - SB** | **)** |

---

If you take an Early Withdrawal, your Fee Base will be decreased by the following formula:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV - WD** | **)** |
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV** | **)** |

---

Where:

---

| | | |
|:---|:---|:---|
| Fee Base | = | Your Fee Base immediately prior to the Early/Excess Withdrawal. |
| WD | = | The amount of the Early/Excess Withdrawal. |
| SB | = | Your Stored Income Balance (if any) immediately prior to the Excess Withdrawal. |
| AV | = | Your Account Value immediately prior to the Early/Excess Withdrawal. |

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Any additional Purchase Payment you make during your first Account Year will increase your Income Benefit Base as described under "Determining Your Income Benefit Base" in this Appendix. Therefore, your Fee Base will increase by any additional Purchase Payments made.

Here is an example of how we calculate your Fee Base. The following examples assume that you purchased your Contract on or after February 17, 2009.

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|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are** <br> **shown as of the beginning of the Account Year unless otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are** <br> **shown as of the beginning of the Account Year unless otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are** <br> **shown as of the beginning of the Account Year unless otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are** <br> **shown as of the beginning of the Account Year unless otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are** <br> **shown as of the beginning of the Account Year unless otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are** <br> **shown as of the beginning of the Account Year unless otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD II Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are** <br> **shown as of the beginning of the Account Year unless otherwise stated.** |
| &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income <br> Benefit Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the <br> previous Fee Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) <br> plus the Stored Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is <br> greater than the previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income <br> Benefit Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the <br> previous Fee Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) <br> plus the Stored Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is <br> greater than the previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income <br> Benefit Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the <br> previous Fee Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) <br> plus the Stored Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is <br> greater than the previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income <br> Benefit Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the <br> previous Fee Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) <br> plus the Stored Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is <br> greater than the previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income <br> Benefit Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the <br> previous Fee Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) <br> plus the Stored Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is <br> greater than the previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income <br> Benefit Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the <br> previous Fee Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) <br> plus the Stored Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is <br> greater than the previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income <br> Benefit Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the <br> previous Fee Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) <br> plus the Stored Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is <br> greater than the previous Fee Base ($110000). |
|  |  |  | **Stored Income Balance** | **Stored Income Balance** | **Stored Income Balance** |  |
| **Year** | **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| ***Beginning***<br> ***of year***<br>| ***Withdrawal***<br> ***Amount***<br>| ***End***<br> ***of year***<br>| **Fee Base** |
| 1 | $100000 | $5000 | $5000 | $0 | $5000 | $100000 |
| 2 | $100000 | $5000 | $10000 | $0 | $10000 | $105000 |
| 3 | $100000 | $5000 | $15000 | $0 | $15000 | $110000 |
| 4 | $100000 | $5000 | $20000 | $0 | $20000 | $115000 |

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|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth <br> Account Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual <br> Income Amount ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as <br> shown below. |
|  |  |  | **Stored Income Balance** | **Stored Income Balance** | **Stored Income Balance** |  |
| **Year** | **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| ***Beginning***<br> ***of year***<br>| ***Withdrawal***<br> ***Amount***<br>| ***End***<br> ***of year***<br>| **Fee Base** |
| 4 | $100000 | $5000 | $20000 | $20000 | $0 | $115000 |
| 5 | $100000 | $5000 | $5000 | $0 | $5000 | $115000 |
| 6 | $100000 | $5000 | $10000 | $0 | $10000 | $115000 |
| 7 | $100000 | $5000 | $15000 | $0 | $15000 | $115000 |
| 8 | $100000 | $5000 | $20000 | $0 | $20000 | $115000 |
| 9 | $100000 | $5000 | $25000 | $0 | $25000 | $120000 |
| On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. |

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Your IOD II Escalator Fee will ***not*** change during an Account Year, unless you take one of two specific actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an additional Purchase Payment during your first Account Year, you will ***increase*** your Fee Base and thus your IOD II Escalator Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an Early Withdrawal or an Excess Withdrawal, you will ***decrease*** your Fee Base and thus your IOD II Escalator Fee.

In addition, on your Account Anniversary, the IOD II Escalator Fee may also change, if we increase the percentage used to calculate the IOD II Escalator Fee as described below under "Step-Up Under IOD II Escalator."

The investment performance of the Designated Funds will not affect your IOD II Escalator Fee during an Account Year. However, as stated below under "Step-Up Under IOD II Escalator," favorable investment performance may cause the Income Benefit Base to increase on an Account Anniversary, and thus increase your IOD II Escalator Fee.

We will continue to deduct the IOD II Escalator Fee until you annuitize your Contract, your Account Value reduces to zero, or your benefits under IOD II Escalator are cancelled as described under "Cancellation of IOD II Escalator" in this Appendix.

**Step-Up Under IOD II Escalator** 

Regardless of your age on the Issue Date, on each Account Anniversary prior to your Annuity Commencement Date, we will automatically step-up your Income Benefit Base, ***provided that*** you satisfy certain requirements. ***First***, you must meet eligibility requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value less your Stored Income Balance must equal no more than $5,000,000. (For purposes of determining the $5,000,000 limit, we reserve the right, in our sole discretion, to aggregate your Account Value with the account values of all other variable annuity contracts you own issued by Delaware Life or its affiliates.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your highest quarter-end Account Value (adjusted for subsequent purchase payments and withdrawals) during the most recent Account Year ("Highest Quarterly Value") minus your Stored Income Balance must be greater than your current Income Benefit Base. (If you have not yet reached your Stored Income Period and therefore do not yet have a Stored Income Balance, your highest quarter-end Account Value must only be greater than your current Income Benefit Base.)

***Second***, if you satisfy the eligibility requirements, we ***then*** consider whether market conditions have caused us to increase the percentage rate used to calculate the IOD II Escalator Fee.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have ***not*** had to increase the percentage rate as described above, the percentage rate we use to calculate your IOD II Escalator Fee will remain unchanged and we will automatically step-up your Income Benefit Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have had to increase the percentage rate as described above, we offer you the opportunity to step-up at the higher percentage rate. In this case, your written consent is required to accept the higher percentage rate used to calculate your IOD II Escalator Fee and step-up your Income Benefit Base. **If you do not consent to the step-up and higher percentage, the step-up will not be implemented and all subsequent step-ups of your Income Benefit Base will also be suspended.** You may thereafter submit an election form to us, however, in order to consent to the then-applicable percentage rate and thus reactivate subsequent automatic step-ups.

At the time of step-up, we will increase your Income Benefit Base to an amount equal to the highest adjusted quarterly Account Value less your Stored Income Balance, if any, provided that such amount exceeds your current Income Benefit Base.

Your Lifetime Income Percentage will increase if your age at the time of step-up coincides with a higher percentage as shown below. After the step-up, your Annual Income Amount will be your Lifetime Income Percentage multiplied by your new Income Benefit Base. If you purchased your Contract on or after February 17, 2009, your Lifetime Income Percentage is determined, based upon your age at time of step-up, as follows:

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| | |
|:---|:---|
| **Your Age at Step-up\*** | **Lifetime Income Percentage** |
| 50 - 64 | 4% |
| 65 - 74 | 5% |
| 75 - 79 | 6% |
| 80 or older | 7% |

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\*

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

If you purchased your Contract prior to February 17, 2009, your Lifetime Income Percentage is determined, based upon your age at time of step-up, as follows:

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| | |
|:---|:---|
| **Your Age at Step-up\*** | **Lifetime Income Percentage** |
| 50 - 69 | 5% |
| 70 - 79 | 6% |
| 80 or older | 7% |

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\*

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

Here are examples of how step-up works under a few different circumstances. All four examples assume that the Contract was purchased on or after February 17, 2009.

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| |
|:---|
| &nbsp;&nbsp; Assume that you are 65 years old when you purchase a Contract with an initial Purchase Payment of $100,000, and <br> that you elect to participate in IOD II Escalator with single-life coverage. (If you selected joint-life coverage, the <br> numbers shown in the example could be different.) Your Income Benefit Base is equal to your initial Purchase <br> Payment. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Your initial Stored Income <br> Balance is $5,000. |
| &nbsp;&nbsp; In each of the four examples, Account Values shown are as of the last day of each Account Quarter. Adjustments are <br> made on the day a Purchase Payment or withdrawal is made. |
| &nbsp;&nbsp; The Account Values on each of your four Account Quarters are $113,000, $108,000, $90,000, and $103,000, <br> respectively. No additional Purchase Payments are made and no withdrawals are taken, so no adjustments to these <br> values are necessary. Your Stored Income Balance at the end of the fourth Account Quarter is $5,000. The highest <br> adjusted quarterly value is $113,000. Your new Income Benefit Base is set to equal $108,000 ($113,000 - $5,000) <br> since that amount exceeds your previous Income Benefit Base. |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent** <br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income** <br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | n/a | $113000 | $100000 |
| **End of Second Quarter** | $108000 | n/a | $108000 | $100000 |
| **End of Third Quarter** | $90000 | n/a | $90000 | $100000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $103000 | n/a | $103000 | $100000 |
| **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | $113000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | $5000 | $5000 | $5000 |
| **Step-up comparison** | Is ($113,000 - $5,000) greater than $100,000? Yes, so step-up. | Is ($113,000 - $5,000) greater than $100,000? Yes, so step-up. | Is ($113,000 - $5,000) greater than $100,000? Yes, so step-up. | Is ($113,000 - $5,000) greater than $100,000? Yes, so step-up. |
| **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** |  |  |  |
| **New Income Benefit Base =** | $108000 | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. |
| **New Annual Income Amount =** | $5400 | $108,000 x 5% | $108,000 x 5% | $108,000 x 5% |
| **New Stored Income Balance =** | $10400 | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. |
| &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. | &nbsp;&nbsp; Please note: The end of the fourth Account Quarter and the Account Anniversary are the same day. We only make the <br> distinction to separate values before and after step-up. |

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If you make an additional Purchase Payment during your first Account Year, your Account Value and your Income Benefit Base are each immediately increased by the amount of the additional Purchase Payment. Your Stored Income Balance is increased by 5% of the additional Purchase Payment.

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Here is an example of how an additional Purchase Payment of $50,000 made in the second Account Quarter would affect your step-up:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent** <br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income** <br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | $50000 | $163000 | $100000 |
| **$50,000 Purchase Payment** | $163000 | n/a | n/a | $150000 |
| **End of Second Quarter** | $158000 | n/a | $158000 | $150000 |
| **End of Third Quarter** | $140000 | n/a | $140000 | $150000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $153000 | n/a | $153000 | $150000 |
| **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | $163000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | $7,500 (initial $5,000 plus 5% x $50,000) | $7,500 (initial $5,000 plus 5% x $50,000) | $7,500 (initial $5,000 plus 5% x $50,000) |
| **Step-up comparison** | Is ($163,000 - $7,500) greater than $150,000? Yes, so step-up. | Is ($163,000 - $7,500) greater than $150,000? Yes, so step-up. | Is ($163,000 - $7,500) greater than $150,000? Yes, so step-up. | Is ($163,000 - $7,500) greater than $150,000? Yes, so step-up. |
| **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** |  |  |  |
| **New Income Benefit Base =** | $155500 | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. |
| **New Annual Income Amount =** | $7775 | $155,500 x 5% | $155,500 x 5% | $155,500 x 5% |
| **New Stored Income Balance =** | $15275 | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. |
| &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. | &nbsp;&nbsp; Please note: Since the additional Purchase Payment occurred after the first Account Quarter, the first Account <br> Quarter value was adjusted. |

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Here is an example of how a $4,000 withdrawal taken in the second Account Quarter would affect your step-up:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent** <br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income** <br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | - $4000 | $109000 | $100000 |
| **$4,000 withdrawal** | $109000 | n/a | n/a | $100000 |
| **End of Second Quarter** | $104000 | n/a | $104000 | $100000 |
| **End of Third Quarter** | $86000 | n/a | $86000 | $100000 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $99000 | n/a | $99000 | $100000 |
| **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | $109000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | $1,000 (initial $5,000 less $4,000 withdrawal) | $1,000 (initial $5,000 less $4,000 withdrawal) | $1,000 (initial $5,000 less $4,000 withdrawal) |
| **Step-up comparison** | Is ($109,000 - $1,000) greater than $100,000? Yes, so step-up. | Is ($109,000 - $1,000) greater than $100,000? Yes, so step-up. | Is ($109,000 - $1,000) greater than $100,000? Yes, so step-up. | Is ($109,000 - $1,000) greater than $100,000? Yes, so step-up. |
| **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** |  |  |  |
| **New Income Benefit Base =** | $108000 | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. |
| **New Annual Income Amount =** | $5400 | $108,000 x 5% | $108,000 x 5% | $108,000 x 5% |
| **New Stored Income Balance =** | $6400 | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. |
| &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. | &nbsp;&nbsp; Please note: Since the withdrawal occurred after the first Account Quarter, the first Account Quarter value was <br> adjusted. |

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Assume instead you take a $40,000 withdrawal in the second Account Quarter at a point when the Account Value equaled $99,000 immediately before the withdrawal. Since this withdrawal exceeds your Stored Income Balance, it is considered an Excess Withdrawal. The Excess Withdrawal reduces your Income Benefit Base as described in this Appendix under "*Excess Withdrawals*." All previous quarter-end Account Values are first reduced by the amount of the Stored Income Balance and then adjusted in the same proportion that the Income Benefit Base was adjusted after the Excess Withdrawal. (See the two-step calculation shown in the box below the following example.)

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| | | | | |
|:---|:---|:---|:---|:---|
| **Time** | **Account**<br> **Value**<br>| **Adjustment for**<br> **subsequent** <br> **Purchase Payments**<br> **and withdrawals**<br>| **Account Value**<br> **(after subsequent**<br> **adjustments)**<br>| **Income** <br> **Benefit Base**<br>|
| **Issue** | $100000 | n/a | n/a | $100000 |
| **End of First Quarter** | $113000 | - $45213 | $67787 | $100000 |
| **$40,000 withdrawal** | $59000 | n/a | n/a | $62766 |
| **End of Second Quarter** | $68000 | n/a | $68000 | $62766 |
| **End of Third Quarter** | $50000 | n/a | $50000 | $62766 |
| &nbsp;&nbsp; **End of Fourth Quarter (before** <br> **step-up)**<br>| $63000 | n/a | $63000 | $62766 |
| **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | **Highest Quarterly Value (after adjustments)** | $68000 |  |
| **Stored Income Balance at end of fourth quarter** | **Stored Income Balance at end of fourth quarter** | $0 | $0 | $0 |
| **Step-up comparison** | Is ($68,000 - $0) greater than $62,766? Yes, so step-up. | Is ($68,000 - $0) greater than $62,766? Yes, so step-up. | Is ($68,000 - $0) greater than $62,766? Yes, so step-up. | Is ($68,000 - $0) greater than $62,766? Yes, so step-up. |
| **On the Account Anniversary (after step-up)** | **On the Account Anniversary (after step-up)** |  |  |  |
| **New Income Benefit Base =** | $68000 | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. | Highest Quarterly Value (after adjustments) less the Stored <br> Income Balance. |
| **New Annual Income Amount =** | $3400 | $68,000 x 5% | $68,000 x 5% | $68,000 x 5% |
| **New Stored Income Balance =** | $3400 | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. | Stored Income Balance at the end of the fourth Account <br> Quarter plus the new Annual Income Amount. |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| (1) | &nbsp;&nbsp; Reduce the end of First Quarter Account Value <br> by the Stored Income Balance<br>| $113000 | - $5000 | $108000 |
| (2) | &nbsp;&nbsp; Adjust Account Value for the first Account <br> Quarter | $108,000 x | $99000 - $40000 | $67787 |
| (2) | &nbsp;&nbsp; Adjust Account Value for the first Account <br> Quarter | $108,000 x | <sup>$99,000 - $5,000</sup> | $67787 |
|  | The total adjustment | $113000 | - $67787 | $45213 |

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All of the above examples assume that you are age 65 at issue, so your Lifetime Income Percentage is set to 5%. Assume instead you are age 74 at issue and have attained age 75 on your first Account Anniversary. Follow the first example where no withdrawals were taken and no additional Purchase Payments were made. When your Income Benefit Base steps-up to $108,000, your new Lifetime Income Percentage is 6% since you are now age 75. Your Annual Income Amount is now $6,480, and your Stored Income Balance becomes $11,480.

**Joint-Life Coverage** 

On the Issue Date, you have the option of electing IOD II Escalator with single-life coverage or, for a higher IOD II Escalator Fee, with joint-life coverage. Once you make the election, you cannot switch between joint-life and single-life coverage, regardless of any change in life events. Joint-life coverage is not available if you are unmarried on the Issue Date.

Joint-life coverage can be elected on an individually-owned Contract or on a co-owned Contract. On an individually-owned Contract, joint-life coverage is available only if your spouse is the sole primary Beneficiary on the Issue Date and remains the sole primary Beneficiary while IOD II Escalator is in effect. On a co-owned Contract, joint-life coverage is available only if you and your spouse are the only co-owners on the Issue Date and remain so while IOD II Escalator is in effect. Whereas single-life coverage provides an Annual Income Amount only until **any** Participant dies, joint-life coverage provides an Annual Income Amount for as long as ***either*** you or your spouse is alive. **Note that,** 

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**for joint-life coverage to continue after the death of any Participant, the surviving spouse must elect to continue the contract through the "Spousal Continuance" provision.** See also "Death of Participant Under IOD II Escalator with Joint-Life Coverage" in this Appendix.

If you have elected joint-life coverage, the ***Stored Income Period*** will be your Issue Date if the younger spouse is at least age 50. Otherwise it will be the first Account Anniversary after the ***younger spouse*** attains (or would have attained) age 50 if the younger spouse is less than age 50 on the Issue Date. (For purposes of joint-life coverage, the younger spouse refers to the person who was the younger spouse on the Issue Date, even if that person has died or is no longer married to the person who was his or her spouse on the Issue Date.) The First Withdrawal Date will be your Issue Date if the ***younger spouse*** is at least age 59. Otherwise it will be the first Account Anniversary after the ***younger spouse*** attains (or would have attained) age 59. The Lifetime Income Percentage will be based on the age of the younger spouse, as shown in the tables below. If you purchased your Contract on or after February 17, 2009, your Lifetime Income Percentage is determined, as follows:

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| | |
|:---|:---|
| **Age of Younger Spouse at Step-up** | **Lifetime Income Percentage** |
| 50 - 64 | &nbsp;&nbsp; 4% |
| 65 - 74 | &nbsp;&nbsp; 5% |
| 75 - 79 | &nbsp;&nbsp; 6% |
| 80 or older | &nbsp;&nbsp; 7% |

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If you purchased your Contract prior to February 17, 2009, your Lifetime Income Percentage is determined, as follows:

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| | |
|:---|:---|
| **Age Younger Spouse at Step-up** | **Lifetime Income Percentage** |
| 50 - 69 | &nbsp;&nbsp; 5% |
| 70 - 79 | &nbsp;&nbsp; 6% |
| 80 or older | &nbsp;&nbsp; 7% |

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The Lifetime Income Percentage may increase, in the future, if the age of the younger spouse at time of step-up coincides with a higher percentage as shown in the applicable table above.

The two spouses on the Issue Date are the only two people covered under the joint-life feature. If a Participant remarries, the new spouse is not covered under the joint-life feature. Therefore, if the spouse on the Issue Date is no longer your spouse, your benefits under IOD II Escalator continue for your life and, when you die, annual withdrawals are no longer available. Note that, when you elect joint-life coverage, you also elect the higher joint-life fee. The percentage rate of the fee will not be reduced regardless of any change in life events.

**If one spouse is significantly younger than the other spouse, you should carefully consider whether joint-life coverage is an appropriate choice in light of the possibly long waiting period before the benefit begins to accumulate income and in light of the higher fee for joint-life coverage.** 

Joint-life coverage may not be available on all Contracts.

**Cancellation of IOD II Escalator** 

Should you decide that IOD II Escalator is no longer appropriate for you, you may cancel IOD II Escalator at any time. Upon cancellation, all benefits and charges under IOD II Escalator shall cease. Once cancelled, IOD II Escalator cannot be reinstated.

Although transfers among the Designated Funds are permitted as described under "Transfer Privilege" in the prospectus to which this Appendix is attached, **IOD II Escalator will be cancelled automatically:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any Purchase Payment is allocated to an investment option other than a Designated Fund; or

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any portion of Account Value maintained in a Designated Fund is transferred into an investment option other than a Designated Fund.

**IOD II Escalator will also be cancelled for any of the following:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon a termination of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon annuitization\*; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Income Benefit Base is reduced to zero as a result of Early or Excess Withdrawals.

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\*

Note that the Maximum Annuity Commencement Date permitted under this Contract is the first day of the month following the Annuitant's 95th birthday. See "Selection of Annuity Commencement Date" under "THE INCOME PHASE - ANNUITY PROVISIONS" in the prospectus to which this Appendix is attached.

**A change of ownership may also cancel your benefits under IOD II Escalator.** 

**Death of Participant Under IOD II Escalator with Single-Life Coverage** 

If you elected single-life coverage, IOD II Escalator terminates on the death of any Participant and the Beneficiary may elect to exercise any of the available options under the Death Benefit provisions of the Contract. Alternately, the Beneficiary may elect to receive the Stored Income Balance.

**Death of Participant Under IOD II Escalator with Joint-Life Coverage** 

If the surviving spouse on the Death Benefit Date was not the spouse of a Participant on the original Contract's Issue Date, then this section does not apply, even if joint-life coverage was elected. In such case, if a Participant dies while participating in IOD II Escalator, the provisions of the section above titled "Death of Participant Under IOD II Escalator with Single-Life Coverage" will apply.

If you purchased joint-life coverage and one of the Participants dies, IOD II Escalator 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;● the new Account Value will be equal to the Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Stored Income Balance will remain unchanged;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Income Benefit Base will remain unchanged until the next Account Anniversary when a step-up could apply due to an increase in the Account Value (see "Step-Up Under IOD II Escalator" in this Appendix);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if the Stored Income Period has not yet begun, the Lifetime Income Percentage will be determined when the Stored Income Period begins (i.e., on the first Account Anniversary following the date the younger spouse attains (or would have attained) age 50);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if the Stored Income Period has already begun, the Lifetime Income Percentage will be the Lifetime Income Percentage that applied to the Contract prior to the death of the Participant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● on each Account Anniversary, the Annual Income Amount will be equal to the Income Benefit Base multiplied by the Lifetime Income Percentage; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the percentage rate of the IOD II Escalator Fee for the joint-life coverage option will continue for the surviving spouse as it was immediately prior to the death of the Participant.

At the death of the surviving spouse, the Contract, including IOD II Escalator, terminates.

If you purchased joint-life coverage and the deceased Participant's surviving spouse does not continue the Contract, your Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

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**Annuitization Under IOD II Escalator** 

Under the terms of IOD II Escalator, if your Account Value is greater than zero on your Maximum Annuity Commencement Date, you may elect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) surrender your Contract and receive your Cash Surrender Value (or your Stored Income Balance, if greater);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) annuitize your Account Value under one of the Annuity Options available on that date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) &nbsp;&nbsp;&nbsp;&nbsp;(a) receive any remaining Stored Income Balance in a single sum and (b) annuitize your remaining Account Value as a single-life annuity (or a joint-life annuity, if joint-life coverage was elected at issue and you are still eligible to receive it) with an annualized annuity payment of not less than the Lifetime Income Percentage multiplied by your then current Income Benefit Base.

If you make no election, we will default your choice to option 3.

If your Account Value has been reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), and your Income Benefit Base is greater than zero on or before your Maximum Annuity Commencement Date, you will receive your full Annual Income Amount each year until you die. For a more complete discussion of this, see "Depleting Your Account Value" in this Appendix.

**Certain Tax Provisions** 

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as IOD II Escalator. If you elected to participate in IOD II Escalator, you may withdraw annual amounts up to the Yearly RMD Amount without affecting your benefit, subject to the conditions stated below. In the event that your Yearly RMD Amount attributable to your Contract is greater than your Stored Income Balance, we are currently waiving the withdrawal provisions under IOD II Escalator, as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in IOD II Escalator, we reduce your Account Value and your Stored Income Balance, dollar for dollar, by the amount of the withdrawal to a value not less than zero. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than your Stored Income Balance. In other words, if a Yearly RMD Amount exceeds your Stored Income Balance, we will reduce your Stored Income Balance, but we will not reduce your Income Benefit Base, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that Amount until the first quarter of the next calendar year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in you receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

Currently, any withdrawal in excess of the Annual Income Amount or Stored Income Balance that is taken to satisfy the Yearly RMD Amounts will not be treated as an Excess Withdrawal, and will not reduce the Income Benefit Base. **However, if there is any material change to the current Code or IRS Rules governing the timing or determination of required minimum distribution amounts, then the Company reserves the right to treat any withdrawal greater than the Annual Income Amount or Stored Income Balance as an Excess Withdrawal which may significantly reduce the Income Benefit Base.** 

For a further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

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**APPENDIX Q -RETIREMENT** <br> **ASSET PROTECTOR**<sup>SM</sup>

**The optional living benefit known as Retirement Asset Protector was available on Contracts purchased on or after March 5, 2007 and prior to August 17, 2009. If you elected to participate in Retirement Asset Protector, the following information applies to your Contract. Retirement Asset Protector is no longer available for sale on new Contracts, and therefore, renewals of the benefit are no longer available.** 

**If you purchased your Contract prior to February 17, 2009, and elected to participate in Retirement Asset Protector, the fee charged for your living benefit is lower than the fee charged on Contracts purchased on or after that date. (See "Cost of Retirement Asset Protector.") Your fee will not increase unless you elect to "step-up" as described under "Step-Up Under Retirement Asset Protector," and you consent in writing to accept the higher fee.** 

To describe how Retirement Asset Protector works, we use the following definitions:

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| | |
|:---|:---|
| **Retirement Asset Protector Benefit Base:** | &nbsp;&nbsp;&nbsp;&nbsp; An amount equal to the sum of all Purchase Payments made during <br> the first year following your Issue Date, decreased by any partial <br> withdrawals taken and increased by any step-ups as described under <br> "Step-Up Under Retirement Asset Protector."<br>|
| **GMAB Maturity Date:** | &nbsp;&nbsp;&nbsp;&nbsp; The date when Retirement Asset Protector matures. If you are <br> younger than 85 on the Issue Date, your GMAB Maturity Date is the <br> later of your 10th Account Anniversary or 10 years from the date of <br> your most recent step-up. (See "Step-Up Under Retirement Asset <br> Protector.") If you are 85 on the Issue Date, your GMAB Maturity <br> Date is your Maximum Annuity Commencement Date.<br>|
| **You and Your:** | &nbsp;&nbsp;&nbsp;&nbsp; Under Retirement Asset Protector, the terms "you" and "your" refer <br> to the oldest Participant or the surviving spouse of the oldest <br> Participant as described under "Death of Participant Under <br> Retirement Asset Protector." In the case of a non-natural Participant, <br> these terms refer to the oldest Annuitant.<br>|

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Retirement Asset Protector guarantees a return of the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the excess of your Retirement Asset Protector Benefit Base over your Account Value or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your total fees paid for Retirement Asset Protector ("Retirement Asset Protector Fees"),

regardless of the investment performance of the Designated Funds, provided that you have reached the GMAB Maturity Date.

**If you are participating in Retirement Asset Protector, you may make Purchase Payments only during your first Account Year. After the first Account Anniversary, any Purchase Payments you submit will be returned to you.** 

To participate in Retirement Asset Protector, all of your Account Value must be invested in a Designated Fund at all times during the term of the GMAB Maturity Date. The only Funds, dollar-cost averaging program options, and asset allocation models that currently qualify as Designated Funds are listed in the section entitled "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

**Cost of Retirement Asset Protector** 

If you elected Retirement Asset Protector, we will deduct a quarterly fee from your Account Value ("Retirement Asset Protector Fee" or "rider fee"). The Retirement Asset Protector Fee will be taken as a specific deduction from your Account Value on the last valuation day of each Account Quarter. The Fee will be a percentage of your Retirement Asset

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Protector Benefit Base. This percentage rate will equal 0.1875% of your Retirement Asset Protector Benefit Base on the last day of the Account Quarter. The maximum Retirement Asset Protector Fee you can pay in any one Account Year is equal to 0.75% of the highest Retirement Asset Protector Benefit Base at any point in that Account Year.

**If you purchased your Contract prior to February 17, 2009, your cost for Retirement Asset Protector was initially, on an annual basis, 0.35% of your Retirement Asset Protector Benefit Base. The cost of your benefit will not increase unless, at time of step-up, you consent in writing to accept this higher fee of 0.75%. If you do not consent to the higher fee, the step-up will not be implemented and all subsequent step-ups will be suspended unless and until we receive your written consent to the higher fee.** 

Your Retirement Asset Protector Fee will ***not*** change, unless you take one of these specific actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you made an additional Purchase Payment during your first Account Year, you will ***increase*** your Retirement Asset Protector Benefit Base and thus your Retirement Asset Protector Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make a partial withdrawal, you will ***decrease*** your Retirement Asset Protector Benefit Base and thus your Retirement Asset Protector Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you elect to "step-up" your Retirement Asset Protector Benefit Base, your Retirement Asset Protector Fee will ***increase***.

The investment performance of the Designated Funds will not affect your Retirement Asset Protector Fee unless you elect a step-up of your Retirement Asset Protector Benefit Base.

We will continue to deduct the Retirement Asset Protector Fee until:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Retirement Asset Protector matures on the GMAB Maturity Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Retirement Asset Protector benefit is cancelled as described in this Appendix under "Cancellation of Retirement Asset Protector;" or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value is reduced to zero.

**How Retirement Asset Protector Works** 

On the GMAB Maturity Date, we will credit your Account Value with an amount equal to the ***greater*** of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any excess of your Retirement Asset Protector Benefit Base over your Account Value after adjusting for any Contract charges; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the total amount of Retirement Asset Protector Fees paid between the Issue Date and the GMAB Maturity Date.

We determine the value of (b) in two steps.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) As described above under "Cost of Retirement Asset Protector," each quarter between the Issue Date and the GMAB Maturity Date we calculate the Retirement Asset Protector Fee by multiplying your Retirement Asset Protector Benefit Base on the last valuation day of that quarter by the applicable percentage rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) We then sum each quarterly amount calculated in (1) to determine the total amount of Retirement Asset Protector Fees paid.

In the situation where you purchased your Contract on or after February 17, 2009, and do not make additional Purchase Payments or partial withdrawals and you do not "step-up," you can expect the total fees paid to equal 7.50% of your initial Purchase Payment. In other words, because Retirement Asset Protector matures in 10 years, we multiply 0.1875% times 40 quarters (four quarters per year for 10 years) to obtain the percentage (7.50%) needed to determine the total amount of the fees to be paid. If you make additional Purchase Payments, you "step-up," or the percentage rate used to calculate the Retirement Asset Protector Fee is changed at the time of "step-up," the total amount of fees will be higher.

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The greater of the two amounts will be allocated to the Designated Fund in which you are invested at that time. Here is an example of how we calculate benefits under Retirement Asset Protector:

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume that you purchased a Contract on March 7, 2007 with an initial Purchase Payment of <br> $100,000 and you selected Retirement Asset Protector. Your Retirement Asset Protector Benefit Base <br> equals your Purchase Payment amount of $100,000.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume you make an additional Purchase Payment of $50,000 on April 7, 2007, thus increasing your <br> Retirement Asset Protector Benefit Base to $150,000.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume you make no withdrawals or additional Purchase Payments and you do not step-up prior to <br> the GMAB Maturity Date on March 7, 2017.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume that, because of poor investment performance, your Account Value on March 7, 2017 is <br> $135,000. The excess of your Retirement Asset Protector Benefit Base over your Account Value is <br> $15,000 ($150,000 - $135,000). The total amount of Retirement Asset Protector Fees paid is equal to <br> the sum of the value of the Retirement Asset Protector Benefit Bases on the last day of each Account <br> Quarter since the Inception Date ($150,000 x 40) ***times*** one quarter of the annual Retirement Asset <br> Protector Fee (0.35% ÷ 4). In this case, the total amount of rider fees paid is $5,250. Therefore, we <br> will credit $15,000 to your Account Value.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume ***instead*** that, because of better investment performance, your Account Value on March 7, <br> 2017, is $155,000. Because your Account Value is greater than your Retirement Asset Protector <br> Benefit Base, your Account Value will be credited with the total amount of Retirement Asset <br> Protector Fees paid. In this case, the amount will be $5,250.<br>|

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**Withdrawals Under Retirement Asset Protector** 

All withdrawals you take, **including any free withdrawal amounts** or Required Minimum Distribution Amounts, will reduce the dollar value of the Retirement Asset Protector Benefit Base proportionally to the amount withdrawn. For example, after a partial withdrawal, the new Retirement Asset Protector Benefit Base will equal:

Retirement Asset Protector Benefit Base immediately before partial withdrawal X Account Value immediately after partial withdrawal <br> Account Value immediately before partial withdrawal

**You should be aware that, if you take a withdrawal when your Account Value is less than your Retirement Asset Protector Benefit Base, the withdrawal may reduce the value of your Benefit Base by an amount greater than the amount of the withdrawal.** Thus, withdrawals taken in a down market could severely reduce, and even terminate, your

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benefits under Retirement Asset Protector , including reducing your Account Value to zero and thereby terminating your Contract without value. Here is an example of how we handle withdrawals under Retirement Asset Protector:

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume that you purchased a Contract on March 7, 2007 with an initial Purchase Payment of <br> $100,000 and you selected Retirement Asset Protector. Your Retirement Asset Protector Benefit Base <br> equals your Purchase Payment amount of $100,000.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume that, on March 10, 2009, your Account Value is $80,000. Assume further that you take a <br> withdrawal of $10,000 on that date, thus reducing your Account Value to $70,000. Your Retirement <br> Asset Protector Benefit Base is reduced proportionally to the amount withdrawn. Therefore your new <br> Retirement Asset Protector Benefit Base is $100,000 x ($70,000 ÷ $80,000), or $87,500.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume you make no additional withdrawals and you do not step-up prior to the GMAB Maturity <br> Date on March 7, 2017.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume that, because of investment performance, your Account Value on March 7, 2017 is $80,000. <br> The excess of your Retirement Asset Protector Benefit Base over your Account Value is $7,500 <br> ($87,500 - $80,000). The total amount of Retirement Asset Protector Fees paid is equal to the sum of <br> the value of your Retirement Asset Protector Benefit Bases on the last day of each Account Quarter <br> since the Issue Date [($100,000 x 8) + ($87,500 x 32)] ***times*** one quarter of your annual Retirement <br> Asset Protector Fee (0.35% ÷ 4). In this case, the total amount of rider fees paid is $3,150. Therefore, <br> we will credit $7,500 to your Account Value.<br>|

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**Step-Up Under Retirement Asset Protector** 

On or after your first Account Anniversary, you may ***elect*** to increase your Retirement Asset Protector Benefit Base to your then current Account Value. The step-up election may be made on ***any day*** on or after your first Account Anniversary. (We reserve the right, in our sole discretion, to require step-up elections to occur only on Account Anniversaries.)

If you are participating in Retirement Asset Protector, on the day we receive your step-up election notice in Good Order (the "Step-Up Date"), we will increase your Retirement Asset Protector Benefit Base to an amount equal to your Account Value if eligible. If you elect to step-up, at least one full year from the Step-Up Date must pass before you can elect another step-up. You can only elect to step-up if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your current Account Value is greater than the current Retirement Asset Protector Benefit Base, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value is $5,000,000 or less on your Step-Up Date.

For purposes of determining the $5,000,000 limit, we reserve the right, in our sole discretion, to aggregate your Account Value with the account values of all other variable annuity contracts you own that have been issued by Delaware Life or its affiliates.

Under Retirement Asset Protector, your Step-Up Date must be at least 10 years prior to your Maximum Annuity Commencement Date. If you have selected an Annuity Commencement Date that is prior to the Maximum Annuity Commencement Date ***but*** is less than 10 years after your Step-Up Date, then we will automatically extend your Annuity Commencement Date to equal your GMAB Maturity Date.

Without a step-up, your benefit under Retirement Asset Protector will "mature" on your 10th Account Anniversary. If you elect to step-up your Retirement Asset Protector Benefit Base, your benefit under Retirement Asset Protector will mature 10 years from the most recent Step-Up Date. In either case, on the day your Retirement Asset Protector benefit matures (the "GMAB Maturity Date"), we will credit the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any excess of your Retirement Asset Protector Benefit Base over your Account Value, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the total amount of fees you paid for Retirement Asset Protector.

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

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

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume that you purchased a Contract on March 7, 2008 with an initial Purchase Payment of <br> $100,000 and you selected Retirement Asset Protector. Your Retirement Asset Protector Benefit Base <br> equals your Purchase Payment amount of $100,000.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume that, on March 7, 2009, your Account Value is $118,000. Because your Account Value is <br> greater than your Retirement Asset Protector Benefit Base, you elect to step-up to a new ten-year <br> period with a new Retirement Asset Protector Benefit Base of $118,000. Your new GMAB Maturity <br> Date will be March 7, 2019.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume you make no withdrawals prior to the GMAB Maturity Date on March 7, 2019. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Assume that your Account Value on March 7, 2019 is $108,000. The excess of your Retirement Asset <br> Protector Benefit Base over your Account Value is $10,000 ($118,000 - $108,000). Your total <br> Retirement Asset Protector Fee is equal to the sum of all fees applied prior to the step-up plus the <br> sum of all fees applied after the step-up.<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The sum of all fees applied prior to the step-up are equal to the sum of the value of the Benefit Bases <br> prior to the step-up multiplied by the quarterly fee percentage applicable prior to the step-up <br> [($100,000 x 4) x (0.35% ÷ 4)]. Similarly, the sum of all fees applied after the step-up are equal to <br> the sum of the value of the Benefit Bases after the step-up multiplied by the quarterly fee percentage <br> applicable after the step-up [($118,000 x 40) x (0.75% ÷ 4)].<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In this case, the total amount of rider fees paid is $9,200. Therefore, we will credit $10,000 to your <br> Account Value.<br>|

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We reserve the right to discontinue offering the step-up provision of Retirement Asset Protector if we determine that, based upon market conditions at the time of the step-up, we can no longer offer Retirement Asset Protector to new Contracts at the current percentage rate used to calculate the Retirement Asset Protector Fee as set forth in this Appendix under "Cost of Retirement Asset Protector." In that case, we will send notification that the step-up provision under your Contract has been discontinued unless you elect to begin a new step-up provision at the higher percentage rate. Your written consent is required to accept the higher percentage rate and continue to step-up.

**Cancellation of Retirement Asset Protector** 

You may cancel Retirement Asset Protector at any time. Upon cancellation, all benefits and charges under the benefit shall cease. Once cancelled, Retirement Asset Protector cannot be reinstated.

Although transfers among the Designated Funds are permitted as described under "Transfer Privilege" in the prospectus to which this Appendix is attached, **Retirement Asset Protector will be cancelled automatically:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any Purchase Payment is allocated to an investment option other than a Designated Fund; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any portion of Account Value maintained in a Designated Fund is transferred into any investment option other than a Designated Fund.

**A change of ownership of the Contract may also cancel the Benefit.** 

**Death of Participant Under Retirement Asset Protector** 

If the Participant dies while participating in Retirement Asset Protector, all benefits and charges under the benefit will automatically terminate when we receive Due Proof of Death, unless the surviving spouse is the sole Beneficiary and elects to continue the Contract. The surviving spouse can automatically continue Retirement Asset Protector even though the Account Value may have been enhanced under the provisions of the death benefit. (See "Spousal Continuance" under "DEATH BENEFIT" in the prospectus to which this Appendix is attached.) The GMAB Maturity Date does not change.

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**Certain Tax Provisions** 

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as Retirement Asset Protector. If you withdraw all or a portion of your retirement plan's Yearly RMD Amount from the your Qualified Contract while participating in Retirement Asset Protector, we reduce your Account Value by the amount of the withdrawal and your Retirement Asset Protector Benefit Base proportionally (see "Withdrawals Under Retirement Asset Protector" in this Appendix).

For a further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

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**APPENDIX R -Income** <br> **ON Demand**<sup>®</sup> **III Escalator** 

**The optional living benefit known as Income ON Demand III Escalator ("IOD III Escalator") was available on Contracts purchased on or after August 17, 2009 and prior to February 8, 2010. If you elected to participate in IOD III Escalator, the following information applies to your Contract. IOD III Escalator is no longer available for sale on new Contracts.** To describe how IOD III Escalator works, we use the following definitions:

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| | |
|:---|:---|
| **Annual Income Amount:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount added to your Stored Income Balance on each Account Anniversary <br> during your Stored Income Period. It is equal to your Income Benefit Base <br> multiplied by your Lifetime Income Percentage.<br>|
| **Early Withdrawal:** | Any withdrawal taken prior to your First Withdrawal Date. |
| **Excess Withdrawal:** | &nbsp;&nbsp;&nbsp;&nbsp; Any withdrawal taken after your First Withdrawal Date that exceeds your Stored <br> Income Balance (or your Yearly Required Minimum Distribution Amount, if <br> greater).<br>|
| **Fee Base:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount used to calculate your "IOD III Escalator Fee" (see "Cost of IOD III <br> Escalator" in this Appendix).<br>|
| **First Withdrawal Date:** | &nbsp;&nbsp;&nbsp;&nbsp; Your Issue Date if you are at least age 59 at issue, otherwise the first Account <br> Anniversary after you attain age 59.<br>|
| **Income Benefit Base:** | The amount used to calculate your Annual Income Amount for IOD III Escalator. |
| **Lifetime Income Percentage:** | The percentage used to calculate your Annual Income Amount. |
| **Stored Income Balance:** | &nbsp;&nbsp;&nbsp;&nbsp; The amount you may withdraw at any time after your First Withdrawal Date <br> without reducing your benefits under IOD III Escalator.<br>|
| **Stored Income Period:** | &nbsp;&nbsp;&nbsp;&nbsp; A period beginning on your Issue Date if you are at least age 50 at issue, <br> otherwise the first Account Anniversary following your 50th birthday, ending on <br> your Annuity Commencement Date.<br>|
| **You and Your:** | &nbsp;&nbsp;&nbsp;&nbsp; The terms "you" and "your" refer to the oldest living Participant or the surviving <br> spouse of the oldest Participant, as described in this Appendix under "Death of <br> Participant Under IOD III Escalator with Joint-Life Coverage." In the case of a <br> non-natural Participant, these terms refer to the oldest living Annuitant.<br>|

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**Upon annuitization, IOD III Escalator and the MAV optional death benefit, if elected, automatically terminate.** 

IOD III Escalator allows you to withdraw a guaranteed amount each year, ***beginning after your First Withdrawal Date***, until the death of any Participant if single-life coverage is elected (or until the death of both the Participant and the Participant's spouse if joint-life coverage is elected), regardless of the investment performance of the Designated Funds, provided that you comply with certain requirements. The guaranteed annual amount you can withdraw, in any one year, can be 4%, 5%, or 6% of your Income Benefit Base depending upon your age. **Under IOD III Escalator, if you forgo withdrawing all or any part of your Annual Income Amount in any one year, that amount will be stored or banked in the Stored Income Balance for use in later years. In any future year, you may take more than your Annual Income Amount by drawing from that amount which you have stored or banked. Thus, in future years, you can take your full Annual Income Amount plus all or a portion of that amount which you have stored or banked.** 

**If you are participating in IOD III Escalator, you may make Purchase Payments only during your first Account Year. After the first Account Anniversary, any Purchase Payments you submit will be returned to you.** 

If you are participating in IOD III Escalator, all of your Account Value must be invested only in Designated Funds at all times during the term of IOD III Escalator. (The term of IOD III Escalator is for life, unless your Income Benefit Base is

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reduced to zero or your benefits under IOD III Escalator are terminated or cancelled as described in this Appendix under "Cancellation of IOD III Escalator," "*Depleting Your Account Value*," and "Annuitization Under IOD III Escalator.") The only Funds, dollar-cost averaging program options, and asset allocation models that currently qualify as Designated Funds are listed in the section entitled "DESIGNATED FUNDS" in the prospectus to which this Appendix is attached.

You had the option of choosing between single-life coverage and joint-life coverage. These options are described in greater detail under "Joint-Life Coverage" and the sections entitled "Death of Participant Under IOD III Escalator with Single-Life Coverage" and "Death of Participant Under IOD III Escalator with Joint-Life Coverage" in this Appendix.

**Determining Your Income Benefit Base** 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased on each Account Anniversary by any step-ups as described under "Step-Up Under IOD III Escalator" in this Appendix;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased to the extent that you exercise your one-time option to use any amount of your Stored Income Balance to increase your Income Benefit Base, as described under "How IOD III Escalator Works" in this Appendix;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by any subsequent Purchase Payments you make during the first year following the Issue Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Early Withdrawals you take, as described under "*Early Withdrawals*" in this Appendix; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased following any Excess Withdrawals you take, as described under "*Excess Withdrawals*" in this Appendix.

**Determining Your Annual Income Amount** 

Your Annual Income Amount is first determined at the beginning of your Stored Income Period and then on each subsequent Account Anniversary. Your Annual Income Amount is equal to your Income Benefit Base multiplied by your Lifetime Income Percentage. The Lifetime Income Percentage depends upon your age at the beginning of your Stored Income Period as shown in the table below.

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| | |
|:---|:---|
| &nbsp;&nbsp; **Your Age at the Beginning of**<br> **Your Stored Income Period\***<br>| **Lifetime Income Percentage** |
| 50 - 64 | 4% |
| 65 - 79 | 5% |
| 80 or older | 6% |

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\*

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

Your Lifetime Income Percentage will only increase if your age at the time of step-up coincides with a higher percentage as shown in the table above. (See "Step-Up Under IOD III Escalator" in this Appendix) An increase in the Lifetime Income Percentage will increase your Annual Income Amount.

Your Annual Income Amount will also change with any change to your Income Benefit Base as described under "Determining Your Income Benefit Base" in this Appendix.

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**Determining Your Stored Income Balance** 

At the beginning of the Stored Income Period, your Stored Income Balance will equal your Annual Income Amount (your Lifetime Income Percentage multiplied by your Income Benefit Base on that Date). Thereafter, your Stored Income Balance is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased by your Lifetime Income Percentage multiplied by any subsequent Purchase Payments you make during the first year following the Issue Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increased on each Account Anniversary by your Annual Income Amount determined on that Anniversary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased by the amount of any withdrawals you take, on or after your First Withdrawal Date, up to the amount of your Stored Income Balance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased to $0 if you take an Excess Withdrawal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased in proportion to the change in your Account Value if you take an Early Withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● decreased by the amount you use in exercising your one-time option to increase your Income Benefit Base (described below under "How IOD III Escalator Works").

**How IOD III Escalator Works** 

Under the terms of IOD III Escalator, you can take withdrawals up to the amount of your Stored Income Balance beginning on your First Withdrawal Date, subject to the terms and conditions discussed below. You can use all or a portion of your Stored Income Balance to effect a one-time increase of your Income Benefit Base prior to your Annuity Commencement Date. IOD III Escalator also provides the opportunity to increase your Annual Income Amount if your Lifetime Income Percentage increases as you grow older. (Your Lifetime Income Percentage will only increase if you step-up after you reach certain specified ages.) If your Account Value is reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), and your Income Benefit Base is greater than zero, you will receive your full Annual Income Amount every year until you die.

Withdrawals from your Stored Income Balance can be taken at any time beginning on your First Withdrawal Date and prior to your Annuity Commencement Date without affecting your Income Benefit Base. If, beginning on your First Withdrawal Date, you make a withdrawal that does not exceed your Stored Income Balance:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance will be decreased by the amount withdrawn; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the withdrawal will not be subject to withdrawal charges.

You also have the option to use all or a portion of your Stored Income Balance to increase your Income Benefit Base. This option allows you to increase your future Annual Income Amount. **While your Contract is in force, you may exercise this option only once and you must do so prior to your Annuity Commencement Date.** If you choose to use any portion of your Stored Income Balance to increase your Income Benefit Base:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance will be decreased by the amount used;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the amount of your Stored Income Balance used will be added to your Income Benefit Base; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your new Annual Income Amount on your next Account Anniversary will equal your Lifetime Income Percentage multiplied by your new Income Benefit Base.

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Here is an example of how IOD III Escalator works.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated <br> Funds is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be <br> different.) Your Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime <br> Income Percentage is 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Therefore, <br> $5,000 will be added each year to your Stored Income Balance. **All values shown are as of the beginning of the** <br> **Account Year.** |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 1 | $100000 | $100000 | $5000 | $0 | $5000 |
| 2 | $100000 | $100000 | $5000 | $0 | $10000 |
| 3 | $100000 | $100000 | $5000 | $0 | $15000 |
| 4 | $100000 | $100000 | $5000 | $0 | $20000 |
| &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; During your fifth Account Year, you use the full amount of your Stored Income Balance ($25000) to increase your <br> Income Benefit Base. On your next Account Anniversary, your Income Benefit Base will be increased to $125,000 <br> and your Annual Income Amount will be $6,250 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $6,250 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $100000 | $5000 | $0 | $25000 |
| 6 | $100000 | $125000 | $6250 | $0 | $6250 |
| 7 | $100000 | $125000 | $6250 | $0 | $12500 |
| 8 | $100000 | $125000 | $6250 | $0 | $18750 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |
| &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. | &nbsp;&nbsp; Assume ***instead*** that, during your fifth Account Year, you take a withdrawal of $25,000, thereby reducing your Stored <br> Income Balance to $0. On your next Account Anniversary, your Income Benefit Base will remain at $100,000 and <br> your Annual Income Amount remains at $5,000 (your Lifetime Income Percentage multiplied by your Income <br> Benefit Base). Therefore $5,000 will be added each year to your Stored Income Balance unless your Annual Income <br> Amount changes. |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $100000 | $5000 | $25000 | $0 |
| 6 | $75000 | $100000 | $5000 | $0 | $5000 |
| 7 | $75000 | $100000 | $5000 | $0 | $10000 |
| 8 | $75000 | $100000 | $5000 | $0 | $15000 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |

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**Early Withdrawals and Excess Withdrawals may significantly decrease, and even terminate, your benefits under IOD III Escalator, including reducing your Account Value to zero and thereby terminating your Contract without value, as described further below under "Withdrawals Under IOD III Escalator".** Even if your Stored Income Period has begun, withdrawals prior to your First Withdrawal Date are considered Early Withdrawals. **Investing in any Fund, other than a Designated Fund will cancel IOD III Escalator as described in this Appendix under "Cancellation of IOD III Escalator."** 

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**Withdrawals Under IOD III Escalator** 

***Withdrawals After Your First Withdrawal Date*** 

Starting on your First Withdrawal Date and continuing to your Annuity Commencement Date you may take annual withdrawals up to your Stored Income Balance without reducing your future Annual Income Amount. These withdrawals will reduce your Stored Income Balance by the full amount of the withdrawal, but will not change your Income Benefit Base. This is shown in the previous example.

Withdrawals taken after your First Withdrawal Date and during the withdrawal charge period permitted under your Contract are subject to withdrawal charges 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 your Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Stored Income Balance; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Yearly Required Minimum Distribution Amount (subject to conditions discussed under "Certain Tax Provisions" in this Appendix).

***Excess Withdrawals*** 

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - WD** | **)** |
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - SB** | **)** |

---

Where:

---

| | | |
|:---|:---|:---|
| IBB | = | Your Income Benefit Base immediately prior to the Excess Withdrawal. |
| WD | = | The amount of the Excess Withdrawal. |
| SB | = | Your Stored Income Balance (or your Yearly Required Minimum Distribution Amount, if <br> greater) immediately prior to the Excess Withdrawal.<br>|
| AV | = | Your Account Value immediately prior to the Excess Withdrawal. |

---

Your Annual Income Amount will be recalculated based on the reduced Income Benefit Base. Here is an example of an Excess Withdrawal:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. | &nbsp;&nbsp; **Using the same facts as the previous example**, assume that in your fifth Account Year you take a withdrawal of <br> $50,000, exceeding your Stored Income Balance. Assume that due to poor investment performance during the fifth <br> Account Year your Account Value was $90,000 immediately prior to the withdrawal. Your Income Benefit Base will <br> be reduced to $61,538 as shown below. |
| **Year** | **Account**<br> **Value**<br>| **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| **Withdrawal** | **Stored Income**<br> **Balance**<br>|
| 5 | $100000 | $100000 | $5000 | $50000 | $0 |
| 6 | $40000 | $61538 | $3077 | $0 | $3077 |
| 7 | $40000 | $61538 | $3077 | $0 | $6154 |
| 8 | $40000 | $61538 | $3077 | $0 | $9231 |
| Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. | Each year thereafter, the Annual Income Amount will be added to the Stored Income Balance in the same manner. |

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | = | $100,000 x | ( | = | $61538 |
| Your new Income Benefit Base | = | $100,000 x | (<br><sup>$90,000 - $25,000</sup> | = | $61538 |

---

**Excess Withdrawals taken in a down market could severely reduce, and even terminate, your benefits under IOD III Escalator, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

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***Early Withdrawals*** 

All withdrawals taken before your First Withdrawal Date, **including any "free withdrawal amounts"** permitted under your Contract, will be considered Early Withdrawals and the Income Benefit Base and the Stored Income Balance will be reduced using the following formulas:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV - WD** | **)** |
| Your new Income Benefit Base | **=** | **IBB x** | **(** | **AV** | **)** |
| Your new Stored Income Balance | **=** | **SB x** | **(** | **AV - WD** | **)** |
| Your new Stored Income Balance | **=** | **SB x** | **(** | **AV** | **)** |

---

Where:

---

| | | |
|:---|:---|:---|
| IBB | = | Your Income Benefit Base immediately prior to the Early Withdrawal. |
| SB | = | Your Stored Income Balance immediately prior to the Early Withdrawal. |
| WD | = | The amount of the Early Withdrawal. |
| AV | = | Your Account Value immediately prior to the Early Withdrawal. |

---

Your future Annual Income Amount will be recalculated based on the reduced Income Benefit Base.

In addition, Early Withdrawals will also be subject to withdrawal charges, to the extent that such withdrawals are in excess of the "free withdrawal amount" permitted under your Contract. **Early Withdrawals could severely reduce, and even terminate, your benefits under IOD III Escalator, including reducing your Account Value to zero and thereby terminating your Contract without value.** 

In addition to reducing your benefits under IOD III Escalator, any withdrawal before your First Withdrawal Date could have state and federal income tax liability. You should consult a qualified tax professional for more information.

***Depleting Your Account Value*** 

**If your Account Value is reduced to zero immediately following an Early Withdrawal or an Excess Withdrawal (as described above), then your Stored Income Balance and your Income Benefit Base will both be reduced to zero and your Contract will terminate without value. Therefore, your Contract, as well as any benefits available with IOD III Escalator, will end.** 

If your Account Value is reduced to zero through any combination of poor investment performance of the Designated Funds, Contract charges, and withdrawals ***other than*** Excess Withdrawals or Early Withdrawals, your Income Benefit Base will ***not*** be reduced. Your Contract will end. You will be entitled to receive annual payments equal to your Lifetime Income Percentage multiplied by your Income Benefit Base. Prior to determining your annual payments, you may increase your Income Benefit Base by any remaining Stored Income Balance as described below. These payments will continue for as long as you live. If you elected joint-life coverage, the payments will continue as long as either you or your spouse are alive as described in this Appendix under "Death of Participant Under IOD III Escalator with Joint-Life Coverage." If you have any remaining Stored Income Balance on the day your Account Value is reduced to zero, you will be notified that, before you begin to receive your "annual lifetime payments," you must deplete your Stored Income Balance by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) withdrawing your remaining Stored Income Balance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) applying the remaining amount of your Stored Income Balance to increase your Income Benefit Base (and thus the amount of your "annual lifetime payments"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) using a combination of (a) and (b).

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Because the Contract has ended, the amount of these annual lifetime payments will not change and they will not be subject to any withdrawal charges. You should be aware, however, that they could be subject to certain state and federal income tax liability. You should consult a qualified tax professional for more information.

**Cost of IOD III Escalator** 

If you elected IOD III Escalator, we will deduct a quarterly fee from your Account Value ("IOD III Escalator Fee"). The IOD III Escalator Fee will be taken as a specific deduction from your Account Value on the last valuation day of each Account Quarter and will equal 0.2750 % of your Fee Base on that day, if you elected single-life coverage (0.3250% for joint-life coverage). On an annual basis, the IOD III Escalator Fee is equal to 1.10% of your Fee Base if you elected single-life coverage (1.30% for joint-life coverage). We reserve the right to increase the percentage rate used to calculate the IOD III Escalator Fee on newly issued Contracts.

During the first Account Year, your Fee Base is equal to your Income Benefit Base. On each Account Anniversary, the Fee Base is recalculated. Your new Fee Base will be reset to equal your Income Benefit Base plus your Stored Income Balance (if any) less your Annual Income Amount (if any) for that year if this recalculated amount is higher than your current Fee Base. In the event that the recalculated amount is not greater than your current Fee Base, we will continue to calculate your IOD III Escalator Fee based upon your current Fee Base until, at least, your next Account Anniversary. Note that, although your IOD III Escalator Fee may increase, it will never decrease.

For the most part, we calculate your Fee Base only on your Account Anniversary. However, we will recalculate your Fee Base between Account Anniversaries, if you take an Early Withdrawal or Excess Withdrawal or make additional Purchase Payments during your first Account Year.

If you take an Excess Withdrawal during your Stored Income Period, your Fee Base will be decreased by the following formula:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV - WD** | **)** |
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV - SB** | **)** |

---

If you take an Early Withdrawal, your Fee Base will be decreased by the following formula:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV - WD** | **)** |
| Your new Fee Base | **=** | **Fee Base x** | **(** | **AV** | **)** |

---

Where:

---

| | | |
|:---|:---|:---|
| Fee Base | = | Your Fee Base immediately prior to the Early/Excess Withdrawal. |
| WD | = | The amount of the Early/Excess Withdrawal. |
| SB | = | Your Stored Income Balance (if any) immediately prior to the Excess Withdrawal. |
| AV | = | Your Account Value immediately prior to the Early/Excess Withdrawal. |

---

Any additional Purchase Payment you make during your first Account Year will increase your Income Benefit Base as described in this Appendix under "Determining Your Income Benefit Base." Therefore, your Fee Base will increase by any additional Purchase Payments made.

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Here is an example of how we calculate your Fee Base.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated Funds <br> is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime Income Percentage is <br> 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are shown as of the** <br> **beginning of the Account Year except as otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated Funds <br> is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime Income Percentage is <br> 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are shown as of the** <br> **beginning of the Account Year except as otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated Funds <br> is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime Income Percentage is <br> 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are shown as of the** <br> **beginning of the Account Year except as otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated Funds <br> is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime Income Percentage is <br> 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are shown as of the** <br> **beginning of the Account Year except as otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated Funds <br> is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime Income Percentage is <br> 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are shown as of the** <br> **beginning of the Account Year except as otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated Funds <br> is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime Income Percentage is <br> 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are shown as of the** <br> **beginning of the Account Year except as otherwise stated.** | &nbsp;&nbsp; Assume that you are age 65 when your Contract is issued with an initial Purchase Payment of $100,000. Assume you <br> elected to participate in IOD III Escalator with single-life coverage and investment performance of the Designated Funds <br> is constant over the years. (If you selected joint-life coverage, the numbers shown in the example could be different.) Your <br> Income Benefit Base is equal to your initial Purchase Payment on your Issue Date. Your Lifetime Income Percentage is <br> 5%. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). **All values are shown as of the** <br> **beginning of the Account Year except as otherwise stated.** |
| &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). | &nbsp;&nbsp; During the Stored Income Period, the Fee Base is reset at the beginning of the Account Year to equal your Income Benefit <br> Base plus your Stored Income Balance less your Annual Income Amount, if that amount is greater than the previous Fee <br> Base. For example, in Account Year 4, the Fee Base is set equal to the Income Benefit Base ($100000) plus the Stored <br> Income Balance ($20000) less your Annual Income Amount ($5000) if that amount ($115000) is greater than the <br> previous Fee Base ($110000). |
|  |  |  | **Stored Income Balance** | **Stored Income Balance** | **Stored Income Balance** |  |
| **Year** | **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| ***Beginning***<br> ***of year***<br>| ***Withdrawal***<br> ***Amount***<br>| ***End***<br> ***of year***<br>| **Fee Base** |
| 1 | $100000 | $5000 | $5000 | $0 | $5000 | $100000 |
| 2 | $100000 | $5000 | $10000 | $0 | $10000 | $105000 |
| 3 | $100000 | $5000 | $15000 | $0 | $15000 | $110000 |
| 4 | $100000 | $5000 | $20000 | $0 | $20000 | $115000 |
| &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth Account <br> Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual Income Amount <br> ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth Account <br> Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual Income Amount <br> ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth Account <br> Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual Income Amount <br> ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth Account <br> Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual Income Amount <br> ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth Account <br> Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual Income Amount <br> ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth Account <br> Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual Income Amount <br> ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as shown below. | &nbsp;&nbsp; Assume, instead, that in your fourth Account Year you take a $20,000 withdrawal. At the beginning of your fifth Account <br> Year, your Income Benefit Base ($100000) plus your Stored Income Balance ($5000) less your Annual Income Amount <br> ($5000) is less than the current Fee Base ($115000), so there is no change to the Fee Base, as shown below. |
|  |  |  | **Stored Income Balance** | **Stored Income Balance** | **Stored Income Balance** |  |
| **Year** | **Income Benefit**<br> **Base**<br>| **Annual Income**<br> **Amount**<br>| ***Beginning***<br> ***of year***<br>| ***Withdrawal***<br> ***Amount***<br>| ***End***<br> ***of year***<br>| **Fee Base** |
| 4 | $100000 | $5000 | $20000 | $20000 | $0 | $115000 |
| 5 | $100000 | $5000 | $5000 | $0 | $5000 | $115000 |
| 6 | $100000 | $5000 | $10000 | $0 | $10000 | $115000 |
| 7 | $100000 | $5000 | $15000 | $0 | $15000 | $115000 |
| 8 | $100000 | $5000 | $20000 | $0 | $20000 | $115000 |
| 9 | $100000 | $5000 | $25000 | $0 | $25000 | $120000 |
| On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. | On each Account Anniversary thereafter, your Fee Base is recalculated and reset if necessary. |

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Your IOD III Escalator Fee will ***not*** change during an Account Year, unless you take one of the following specific actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an additional Purchase Payment during your first Account Year, you will ***increase*** your Fee Base and thus your IOD III Escalator Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If you make an Early Withdrawal or an Excess Withdrawal, you will ***decrease*** your Fee Base and thus your IOD III Escalator Fee.

In addition, on your Account Anniversary, the IOD III Escalator Fee may also change, if we increase the percentage used to calculate the IOD III Escalator Fee as described below under "Step-Up Under IOD III Escalator."

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The investment performance of the Designated Funds will not affect your IOD III Escalator Fee during an Account Year. However, as stated below under "Step-Up Under IOD III Escalator," favorable investment performance may cause the Income Benefit Base to increase on an Account Anniversary, and thus increase your IOD III Escalator Fee.

We will continue to deduct the IOD III Escalator Fee until you annuitize your Contract, your Account Value reduces to zero, or your benefits under IOD III Escalator are cancelled as described under "Cancellation of IOD III Escalator" in this Appendix.

**Step-Up Under IOD III Escalator** 

Regardless of your age on the Issue Date, on each Account Anniversary prior to your Annuity Commencement Date, we will automatically step-up your Income Benefit Base, ***provided that*** you satisfy certain requirements. ***First***, you must meet eligibility requirements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value less your Stored Income Balance must equal no more than $5,000,000. (For purposes of determining the $5,000,000 limit, we reserve the right, in our sole discretion, to aggregate your Account Value with the account values of all other variable annuity contracts you own issued by Delaware Life or its affiliates.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your Account Value minus your Stored Income Balance must be greater than your current Income Benefit Base. (If you have not yet reached your Stored Income Period and therefore do not yet have a Stored Income Balance, your Account Value must only be greater than your current Income Benefit Base.)

***Second***, if you satisfy the eligibility requirements, we ***then*** consider whether market conditions have caused us to increase the percentage rate used to calculate the IOD III Escalator Fee on newly issued Contracts. Since we are no longer issuing Contracts with IOD III Escalator, the percentage rate we use to calculate your IOD III Escalator Fee will be set based upon current market conditions at that time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have ***not*** had to increase the percentage rate as described above, the percentage rate we use to calculate your IOD III Escalator Fee will remain unchanged and we will automatically step-up your Income Benefit Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● If we have had to increase the percentage rate as described above, we offer you the opportunity to step-up at the higher percentage rate. In this case, your written consent is required to accept the higher percentage rate used to calculate your IOD III Escalator Fee and step-up your Income Benefit Base. **If you do not consent to the step-up and higher percentage, the step-up will not be implemented and all subsequent step-ups of your Income Benefit Base will also be suspended.** You may thereafter submit an election form to us, however, in order to consent to the then-applicable percentage rate and thus reactivate subsequent automatic step-ups.

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At the time of step-up, we will increase your Income Benefit Base to an amount equal to your Account Value less your Stored Income Balance, if any, provided that such amount exceeds your current Income Benefit Base. Here is an example of how step-up works under IOD III Escalator:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; Assume that you are 65 years old when you purchase a Contract with an initial Purchase Payment of $100,000, and that <br> you elect to participate in IOD III Escalator with single-life coverage and do not take any withdrawals. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Income Benefit Base is equal to your <br> initial Purchase Payment. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Your initial Stored <br> Income Balance is $5,000. | &nbsp;&nbsp; Assume that you are 65 years old when you purchase a Contract with an initial Purchase Payment of $100,000, and that <br> you elect to participate in IOD III Escalator with single-life coverage and do not take any withdrawals. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Income Benefit Base is equal to your <br> initial Purchase Payment. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Your initial Stored <br> Income Balance is $5,000. | &nbsp;&nbsp; Assume that you are 65 years old when you purchase a Contract with an initial Purchase Payment of $100,000, and that <br> you elect to participate in IOD III Escalator with single-life coverage and do not take any withdrawals. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Income Benefit Base is equal to your <br> initial Purchase Payment. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Your initial Stored <br> Income Balance is $5,000. | &nbsp;&nbsp; Assume that you are 65 years old when you purchase a Contract with an initial Purchase Payment of $100,000, and that <br> you elect to participate in IOD III Escalator with single-life coverage and do not take any withdrawals. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Income Benefit Base is equal to your <br> initial Purchase Payment. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Your initial Stored <br> Income Balance is $5,000. | &nbsp;&nbsp; Assume that you are 65 years old when you purchase a Contract with an initial Purchase Payment of $100,000, and that <br> you elect to participate in IOD III Escalator with single-life coverage and do not take any withdrawals. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Income Benefit Base is equal to your <br> initial Purchase Payment. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Your initial Stored <br> Income Balance is $5,000. | &nbsp;&nbsp; Assume that you are 65 years old when you purchase a Contract with an initial Purchase Payment of $100,000, and that <br> you elect to participate in IOD III Escalator with single-life coverage and do not take any withdrawals. (If you selected <br> joint-life coverage, the numbers shown in the example could be different.) Your Income Benefit Base is equal to your <br> initial Purchase Payment. Your Annual Income Amount is $5,000 (5% of your Income Benefit Base). Your initial Stored <br> Income Balance is $5,000. |
| &nbsp;&nbsp; Assume that your Account Value grows to $103,000 by the end of Account Year 1. Because your Account Value minus <br> your Stored Income Balance ($103,000 - $5,000) is less than your current Income Benefit Base, you will not step-up. | &nbsp;&nbsp; Assume that your Account Value grows to $103,000 by the end of Account Year 1. Because your Account Value minus <br> your Stored Income Balance ($103,000 - $5,000) is less than your current Income Benefit Base, you will not step-up. | &nbsp;&nbsp; Assume that your Account Value grows to $103,000 by the end of Account Year 1. Because your Account Value minus <br> your Stored Income Balance ($103,000 - $5,000) is less than your current Income Benefit Base, you will not step-up. | &nbsp;&nbsp; Assume that your Account Value grows to $103,000 by the end of Account Year 1. Because your Account Value minus <br> your Stored Income Balance ($103,000 - $5,000) is less than your current Income Benefit Base, you will not step-up. | &nbsp;&nbsp; Assume that your Account Value grows to $103,000 by the end of Account Year 1. Because your Account Value minus <br> your Stored Income Balance ($103,000 - $5,000) is less than your current Income Benefit Base, you will not step-up. | &nbsp;&nbsp; Assume that your Account Value grows to $103,000 by the end of Account Year 1. Because your Account Value minus <br> your Stored Income Balance ($103,000 - $5,000) is less than your current Income Benefit Base, you will not step-up. |
| &nbsp;&nbsp; Assume further that your Account Value grows to $113,000 by the end of Account Year 2. Because your Account Value <br> minus your Stored Income Balance ($113,000 - $10,000) is greater than your current Income Benefit Base ($100000), <br> you will step-up. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($103000). Your new Annual Income Amount will be $5,150 (5% of your new Income Benefit Base). | &nbsp;&nbsp; Assume further that your Account Value grows to $113,000 by the end of Account Year 2. Because your Account Value <br> minus your Stored Income Balance ($113,000 - $10,000) is greater than your current Income Benefit Base ($100000), <br> you will step-up. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($103000). Your new Annual Income Amount will be $5,150 (5% of your new Income Benefit Base). | &nbsp;&nbsp; Assume further that your Account Value grows to $113,000 by the end of Account Year 2. Because your Account Value <br> minus your Stored Income Balance ($113,000 - $10,000) is greater than your current Income Benefit Base ($100000), <br> you will step-up. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($103000). Your new Annual Income Amount will be $5,150 (5% of your new Income Benefit Base). | &nbsp;&nbsp; Assume further that your Account Value grows to $113,000 by the end of Account Year 2. Because your Account Value <br> minus your Stored Income Balance ($113,000 - $10,000) is greater than your current Income Benefit Base ($100000), <br> you will step-up. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($103000). Your new Annual Income Amount will be $5,150 (5% of your new Income Benefit Base). | &nbsp;&nbsp; Assume further that your Account Value grows to $113,000 by the end of Account Year 2. Because your Account Value <br> minus your Stored Income Balance ($113,000 - $10,000) is greater than your current Income Benefit Base ($100000), <br> you will step-up. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($103000). Your new Annual Income Amount will be $5,150 (5% of your new Income Benefit Base). | &nbsp;&nbsp; Assume further that your Account Value grows to $113,000 by the end of Account Year 2. Because your Account Value <br> minus your Stored Income Balance ($113,000 - $10,000) is greater than your current Income Benefit Base ($100000), <br> you will step-up. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($103000). Your new Annual Income Amount will be $5,150 (5% of your new Income Benefit Base). |
| &nbsp;&nbsp; Assume further that your Account Value grows to $125,150 by the end of Account Year 3. Because your Account Value <br> minus your Stored Income Balance ($125,150 - $15,150) is greater than your current Income Benefit Base ($103000), <br> you will step-up again. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($110000). Your new Annual Income Amount will be $5,500 (5% of your new Income Benefit Base). | &nbsp;&nbsp; Assume further that your Account Value grows to $125,150 by the end of Account Year 3. Because your Account Value <br> minus your Stored Income Balance ($125,150 - $15,150) is greater than your current Income Benefit Base ($103000), <br> you will step-up again. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($110000). Your new Annual Income Amount will be $5,500 (5% of your new Income Benefit Base). | &nbsp;&nbsp; Assume further that your Account Value grows to $125,150 by the end of Account Year 3. Because your Account Value <br> minus your Stored Income Balance ($125,150 - $15,150) is greater than your current Income Benefit Base ($103000), <br> you will step-up again. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($110000). Your new Annual Income Amount will be $5,500 (5% of your new Income Benefit Base). | &nbsp;&nbsp; Assume further that your Account Value grows to $125,150 by the end of Account Year 3. Because your Account Value <br> minus your Stored Income Balance ($125,150 - $15,150) is greater than your current Income Benefit Base ($103000), <br> you will step-up again. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($110000). Your new Annual Income Amount will be $5,500 (5% of your new Income Benefit Base). | &nbsp;&nbsp; Assume further that your Account Value grows to $125,150 by the end of Account Year 3. Because your Account Value <br> minus your Stored Income Balance ($125,150 - $15,150) is greater than your current Income Benefit Base ($103000), <br> you will step-up again. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($110000). Your new Annual Income Amount will be $5,500 (5% of your new Income Benefit Base). | &nbsp;&nbsp; Assume further that your Account Value grows to $125,150 by the end of Account Year 3. Because your Account Value <br> minus your Stored Income Balance ($125,150 - $15,150) is greater than your current Income Benefit Base ($103000), <br> you will step-up again. Your new Income Benefit Base will equal your Account Value minus your Stored Income Balance <br> ($110000). Your new Annual Income Amount will be $5,500 (5% of your new Income Benefit Base). |
| **Account Year** | **Account Value**<br> **End of Year**<br>| **Stored Income** <br> **Balance Beginning**<br> **of Year**<br>| **Income**<br> **Benefit Base**<br> **End of Year**<br>| **Annual Income**<br> **Amount End of**<br> **Year**<br>| **Withdrawals** |
| 1 | $103000 | $5000 | $100000 | $5000 | 0 |
| 2 | $113000 | $10000 | $103000 | $5150 | 0 |
| 3 | $125150 | $15150 | $110000 | $5500 | 0 |

---

Your Lifetime Income Percentage will increase if your age at the time of step-up coincides with a higher percentage as shown below. After the step-up, your Annual Income Amount will be your Lifetime Income Percentage multiplied by your new Income Benefit Base. Your Lifetime Income Percentage is determined, based upon your age at time of step-up, as follows:

---

| | |
|:---|:---|
| **Your Age at Step-up\*** | **Lifetime Income Percentage** |
| 50 - 64 | 4% |
| 65 - 79 | 5% |
| 80 or older | 6% |

---

------

\*

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

The above example assumes that you are age 65 at issue, so your Lifetime Income Percentage is set to 5%. Assume instead you are age 77 at issue and have attained age 80 by the end of Account Year 3. When your Income Benefit Base steps-up to $110,000 your new Lifetime Income Percentage is 6% since you are now age 80. Your Annual Income Amount is now $6,600 and your Stored Income Balance becomes $21,750 at the beginning of Account Year 4.

------

**Joint-Life Coverage** 

On the Issue Date, you have the option of electing IOD III Escalator with single-life coverage or, for a higher IOD III Escalator Fee, with joint-life coverage. Once you make the election, you cannot switch between joint-life and single-life coverage, regardless of any change in life events. Joint-life coverage is not available if you are unmarried on the Issue Date.

Joint-life coverage can be elected on an individually-owned Contract or on a co-owned Contract. On an individually-owned Contract, joint-life coverage is available only if your spouse is the sole primary Beneficiary on the Issue Date and remains the sole primary Beneficiary while IOD III Escalator is in effect. On a co-owned Contract, joint-life coverage is available only if you and your spouse are the only co-owners on the Issue Date and remain so while IOD III Escalator is in effect. Whereas single-life coverage provides an Annual Income Amount only until **any** Participant dies, joint-life coverage provides an Annual Income Amount for as long as ***either*** you or your spouse is alive. **Note that, for joint-life coverage to continue after the death of any Participant, the surviving spouse must elect to continue the contract through the "Spousal Continuance" provision.** See also "Death of Participant Under IOD III Escalator with Joint-Life Coverage" in this Appendix.

If you have elected joint-life coverage, the ***Stored Income Period*** will be your Issue Date if the younger spouse is at least age 50. Otherwise it will be the first Account Anniversary after the ***younger spouse*** attains (or would have attained) age 50 if the younger spouse is less than age 50 on the Issue Date. (For purposes of joint-life coverage, the younger spouse refers to the person who was the younger spouse on the Issue Date, even if that person has died or is no longer married to the person who was his or her spouse on the Issue Date.) The First Withdrawal Date will be your Issue Date if the ***younger spouse*** is at least age 59. Otherwise it will be the first Account Anniversary after the ***younger spouse*** attains (or would have attained) age 59. The Lifetime Income Percentage will be based on the age of the younger spouse, as shown in the table below.

---

| | |
|:---|:---|
| **Age of Younger Spouse at Step-up** | **Lifetime Income Percentage** |
| 50 - 64 | 4% |
| 65 - 79 | 5% |
| 80 or older | 6% |

---

The Lifetime Income Percentage may increase, in the future, if the age of the ***younger spouse*** at time of step-up coincides with a higher percentage as shown in the above table.

The two spouses on the Issue Date are the only two people covered under the joint-life feature. If a Participant remarries, the new spouse is not covered under the joint-life feature. Therefore, if the spouse on the Issue Date is no longer your spouse, your benefits under IOD III Escalator continue for your life and, when you die, annual withdrawals are no longer available. Note that, when you elect joint-life coverage, you also elect the higher joint-life fee. The percentage rate of the fee will not be reduced regardless of any change in life events.

**Cancellation of IOD III Escalator** 

Should you decide that IOD III Escalator is no longer appropriate for you, you may cancel IOD III Escalator at any time. Upon cancellation, all benefits and charges under IOD III Escalator shall cease. Once cancelled, IOD III Escalator cannot be reinstated.

Although transfers among the Designated Funds are permitted as described under "Transfer Privilege" in the prospectus to which this Appendix is attached, **IOD III Escalator will be cancelled automatically:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any Purchase Payment is allocated to an investment option other than a Designated Fund; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if any portion of Account Value maintained in a Designated Fund is transferred into an investment option other than a Designated Fund.

------

**IOD III Escalator will also be cancelled for any of the following:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon a termination of the Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● upon annuitization\*; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Income Benefit Base is reduced to zero as a result of Early or Excess Withdrawals.

------

\*

Note that the Maximum Annuity Commencement Date permitted under this Contract is the first day of the month following the Annuitant's 95th birthday. See "Selection of Annuity Commencement Date" under "THE INCOME PHASE – ANNUITY PROVISIONS" in the prospectus to which this Appendix is attached.

**A change of ownership may also cancel your benefits under IOD III Escalator.** 

**Death of Participant Under IOD III Escalator with Single-Life Coverage** 

If you elected single-life coverage, IOD III Escalator terminates on the death of any Participant and the Beneficiary may elect to exercise any of the available options under the Death Benefit provisions of the Contract. Alternately, the Beneficiary may elect to receive the Stored Income Balance.

**Note that single-life coverage may be inappropriate on a co-owned Contract, because all living benefits will end on the death of any Participant. Note also that Beneficiaries who are not spouses cannot continue the Contract (see "Spousal Continuance" in the prospectus to which this Appendix is attached) or any living benefits under the Contract.** 

**Death of Participant Under IOD III Escalator with Joint-Life Coverage** 

If the surviving spouse on the Death Benefit Date was not the spouse of a Participant on the original Contract's Issue Date, then this section does not apply, even if joint-life coverage was elected. In such case, if a Participant dies while participating in IOD III Escalator, the provisions of the section above titled "Death of Participant Under IOD III Escalator with Single-Life Coverage" will apply.

If you purchased joint-life coverage and one of the Participants dies, IOD III Escalator 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;● the new Account Value will be equal to the Death Benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Stored Income Balance will remain unchanged;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Income Benefit Base will remain unchanged until the next Account Anniversary when a step-up could apply due to an increase in the Account Value (see "Step-Up Under IOD III Escalator" in this Appendix);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if the Stored Income Period has not yet begun, the Lifetime Income Percentage will be determined when the Stored Income Period begins (i.e., on the first Account Anniversary following the date the younger spouse attains (or would have attained) age 50);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if the Stored Income Period has already begun, the Lifetime Income Percentage will be the Lifetime Income Percentage that applied to the Contract prior to the death of the Participant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● on each Account Anniversary, the Annual Income Amount will be equal to the Income Benefit Base multiplied by the Lifetime Income Percentage; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the percentage rate of the IOD III Escalator Fee for the joint-life coverage option will continue for the surviving spouse as it was immediately prior to the death of the Participant.

At the death of the surviving spouse, the Contract, including IOD III Escalator, terminates.

If you purchased joint-life coverage and the deceased Participant's surviving spouse does not continue the Contract, your Beneficiary may elect any available option under the Death Benefit provisions of the Contract.

------

**Annuitization Under IOD III Escalator** 

Under the terms of IOD III Escalator, if your Account Value is greater than zero on your Maximum Annuity Commencement Date, you may elect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) surrender your Contract and receive your Cash Surrender Value (or your Stored Income Balance, if greater);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) annuitize your Account Value under one of the Annuity Options available on that date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) &nbsp;&nbsp;&nbsp;&nbsp;(a) receive any remaining Stored Income Balance in a single sum and (b) annuitize your remaining Account Value as a single-life annuity (or a joint-life annuity, if joint-life coverage was elected at issue and you are still eligible to receive it) with an annualized annuity payment of not less than the Lifetime Income Percentage multiplied by your then current Income Benefit Base.

If you make no election, we will default your choice to option 3.

If your Account Value has been reduced to zero (other than as a result of an Early Withdrawal or an Excess Withdrawal), and your Income Benefit Base is greater than zero on or before your Maximum Annuity Commencement Date, you will receive your full Annual Income Amount each year until you die. For a more complete discussion of this, see "Depleting Your Account Value" in this Appendix.

**Certain Tax Provisions** 

Certain state and federal income tax provisions may be important to you in connection with a living benefit, such as IOD III Escalator. If you elected to participate in IOD III Escalator, you may withdraw annual amounts up to the Yearly RMD Amount without affecting your benefit, subject to the conditions stated below. In the event that your Yearly RMD Amount attributable to your Contract is greater than your Stored Income Balance, we are currently waiving the withdrawal provisions under IOD III Escalator as follows. If you withdraw all or a portion of your Qualified Contract's Yearly RMD Amount from the Contract while participating in IOD III Escalator, we reduce your Account Value and your Stored Income Balance, dollar for dollar, by the amount of the withdrawal to a value not less than zero. We will not, however, penalize you if the current Federal Tax Laws require you to withdraw from your Contract an amount greater than your Stored Income Balance. In other words, if a Yearly RMD Amount exceeds your Stored Income Balance, we will reduce your Stored Income Balance, but we will not reduce your Income Benefit Base, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you withdraw your Qualified Contract's first Yearly RMD Amount in the calendar year your first RMD becomes due rather than postponing the withdrawal of that Amount until the first quarter of the next calendar year, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● you do not make any withdrawal from your Qualified Contract that would result in you receiving, in any Account Year, more than one calendar year's Yearly RMD Amount.

Currently, any withdrawal in excess of the Annual Income Amount or Stored Income Balance that is taken to satisfy the Yearly RMD Amounts will not be treated as an Excess Withdrawal, and will not reduce the Income Benefit Base. **However, if there is any material change to the current Code or IRS Rules governing the timing or determination of required minimum distribution amounts, then the Company reserves the right to treat any withdrawal greater than the Annual Income Amount or Stored Income Balance as an Excess Withdrawal which may significantly reduce the Income Benefit Base.** 

For a further discussion of some of these provisions, please refer to "*Impact of Optional Death Benefits and Optional Living Benefits*" under "TAX PROVISIONS" in the prospectus to which this Appendix is attached.

------

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/866793342?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. C000021928

------

PART B

------

**Masters Choice 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_e301a424-be4b-4481-85cf-44d9df4cc4e8_1) | 2 |
| [PERFORMANCE CALCULATION AND OTHER RELATED INFORMATION](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_1) | 2 |
| [CALCULATIONS](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_2) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Example of Net Investment Factor Calculation](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_2) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Example of Variable Accumulation Unit Value Calculation](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_3) | 4 |
| [ANNUITY PROVISIONS](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_3) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Determination of Annuity Payments](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_3) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Annuity Unit Value](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_4) | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Example of Variable Annuity Unit Calculation](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_4) | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Example of Variable Annuity Payment Calculation](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_4) | 5 |
| [DISTRIBUTION OF THE CONTRACT](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_5) | 6 |
| [CUSTODIAN](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_5) | 6 |
| [OTHER SERVICE PROVIDERS](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_5) | 6 |
| [EXPERTS](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_5) | 6 |
| [FINANCIAL STATEMENTS](#xx_e301a424-be4b-4481-85cf-44d9df4cc4e8_6) | 7 |

---

The Statement of Additional Information ("SAI") is not a prospectus. Terms used in this SAI have the same meanings as are defined in the Masters Choice 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/866793342?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.

**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.

**CALCULATIONS** 

**Example of Net Investment Factor Calculation** 

We determine the net investment factor using the following formula:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Factor** | **=** | **(** | **a + b** | **)** | **- d** |
| **Investment Factor** | **=** | **(** | **c** | **)** | **- d** |

---

where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the net asset value of a Fund share held in the Sub-Account at the end of that Valuation Period;

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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;(b) is the per share amount of any dividend or capital gains distribution made by that Fund during the Valuation Period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is the net asset value per share of the Fund share at the end of the previous Valuation Period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) is a factor representing the asset-based insurance charges (the mortality and expense risk charge, the administrative expense charge, and the distribution fee) plus any applicable asset-based charge for an optional benefit for the Valuation Period.

Assume the following facts about a particular Variable Account at the end of the current Valuation Period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the net asset value of a fund equals $18.38;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the per share amount of any dividend or capital gains distributions equal $0;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the net asset value per share of the Fund share at the end of the previous Valuation Period equals $18.32; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the factor representing the asset-based insurance charges (the mortality and expense risk charge, the administrative expense charge, and the distribution fee) plus any applicable asset-based charge for an optional benefit for the Valuation Period equals 0.00004837.

The net investment factor is, therefore, determined as follows:

(18.38 + 0.00) - (.00004837) = 1.00322674 <br> 18.32

**Example of Variable Accumulation Unit Value Calculation** 

We calculate the Variable Accumulation Unit Value for any Valuation Period as follows: we multiply the Variable Accumulation Unit Value for the immediately preceding Valuation Period by the appropriate Net Investment Factor for the subsequent Valuation Period.

Assume the Variable Accumulation Unit value for the immediately preceding Valuation Period had been 14.5645672. Assume that the Net Investment Factor for the subsequent Valuation Period is 1.00321136 as shown in the calculation above. The value for the current Valuation Period would be, therefore, determined as follows:

(14.5645672 x 1.00322674) = 14.6115633

**ANNUITY PROVISIONS**

**Determination of Annuity Payments** 

On the Annuity Commencement Date, the Contract's Accumulation Account will be canceled and its adjusted value will be applied to provide a Variable Annuity or a Fixed Annuity or a combination of both. The adjusted value will be equal to the value of the Accumulation Account for the Valuation Period which ends immediately preceding the Annuity Commencement Date, reduced by any applicable premium or similar taxes and a proportionate amount of the contract maintenance charge to reflect the time elapsed between the last Contract Anniversary and the day before the Annuity Commencement Date.

The dollar amount of the first variable annuity payment will be determined in accordance with the annuity payment rates found in the Contract which are based on an assumed interest rate of 3% per year. All variable annuity payments other than the first are determined by means of Annuity Units credited to the Contract. The number of Annuity Units to be credited in respect of a particular Variable Account is determined by dividing that portion of the first variable annuity payment attributable to that Variable Account by the Annuity Unit value of that Variable Account for the Valuation Period which ends immediately preceding the Annuity Commencement Date. The number of Annuity Units of each particular Variable Account credited to the Contract then remains fixed unless an exchange of Annuity Units is made as described below. The dollar amount of each variable annuity payment after the first may increase, decrease or remain constant, and

------

is equal to the sum of the amounts determined by multiplying the number of Annuity Units of a particular Variable Account credited to the Contract by the Annuity Unit value for the particular Variable Account for the Valuation Period which ends immediately preceding the due date of each subsequent payment.

**Annuity Unit Value** 

Assume the Annuity Unit value for each Variable Account was established at $10.00 for the first Valuation Period of the particular Variable Account. The Annuity Unit value for any subsequent Valuation Period is determined using the following formula:

Annuity Unit Value = (A x B) x C

where:

A

equals the Annuity Unit value for the immediately preceding Valuation Period

B

equals the Net Investment Factor for the current Valuation Period

C

equals a factor to neutralize the assumed interest rate of 3% per year used to establish the annuity payment rates found in the Contract. (This factor is 0.99991902 for a one-day Valuation Period.)

**Example of Variable Annuity Unit Calculation** 

Assume the value of an Annuity Unit for the immediately preceding Valuation Period had been 12.3456789. Assume that the Net Investment Factor for the subsequent Valuation Period is 1.00322813 as shown in the calculation above. If the first variable annuity payment is determined by using an annuity payment based on an assumed interest rate of 3% per year, the value of the Annuity Unit for the current Valuation Period would be determined as follows:

(12.3456789 x 1.00322813) x 0.99991902 = 12.3845294

**Example of Variable Annuity Payment Calculation** 

The first Variable Annuity payment is determined by multiplying the Variable Accumulation Unit value for the Valuation Period (as described under "Example of Variable Accumulation Unit Calculation") by the annuity payment rate for the age and annuity option elected.

Assume the following facts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Account value being annuitized is made up of a particular Variable Account with 8,765.4321 Variable Accumulation Units;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● at the end of the Valuation Period immediately preceding the Annuity Commencement Date, the Variable Accumulation Unit value and the Annuity Unit value for that Variable Account are 14.5645672 and 12.3456789, respectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the annuity payment rate for the age and option elected is $6.78 per $1,000; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● on the day prior to the second variable annuity payment date, the Annuity Unit value is 12.3724831.

The first Variable Annuity payment would be determined as follows:

---

| | | |
|:---|:---|:---|
| (8,765.4321 x 14.5645672) x 6.78 | = | $865.57 |
| 1000 | = | $865.57 |

---

This first Variable Annuity payment of $865.57 represents 70.1112 Variable Annuity Units, which are calculated by dividing the first Variable Annuity Payment by the Variable Annuity Unit value at the end of the Valuation Period immediately preceding the Annuity Commencement Date. In this case, $865.57 divided by 12.3456789.

------

Subsequent Variable Annuity payments are determined by multiplying the number of Variable Annuity Units (calculated for the first Variable Annuity payment) by the Variable Annuity Unit value at the end of the Valuation Period immediately preceding the annuity payment date. Thus, the second Variable Annuity payment would be determined as follows:

---

| | | |
|:---|:---|:---|
| 70.1112 x 12.3845467 | = | $868.29 |

---

**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 also acts as the general distributor of certain other annuity contracts and variable life insurance contracts issued by the Company.

In addition to commissions, the Company may, from time to time, pay or allow additional promotional incentives, in the form of cash or other compensation. The Company 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 amounts of Contracts or Certificates or other contracts offered by the Company. Promotional incentives may change at any time.

Commissions will not be paid to selling agents with respect to Participant Accounts established for the personal account of employees of the Company or any of its affiliates, or of persons engaged in the distribution of the Contract, or of immediate family members of such employees or persons. In addition, commissions may be waived or reduced in connection with certain transactions described in the Prospectus under the heading "Waivers; Reduced Charges; Credits; Special Guaranteed Interest Rates." Total commissions paid on behalf of Clarendon in connection with the Variable Account during 2023, 2024, and 2025, were approximately $52,432,425, and $56,864,156 and $51,672,863, respectively.

**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 $415,894, $377,769, and $385,052, 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; Marketing Services Agreement between Sun Life Assurance Company of Canada (U.S.), Sun Life of Canada (U.S.) <br> Distributors, Inc. and Clarendon Insurance Agency, Inc. (Incorporated herein by reference to Pre-Effective <br> Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-37907, filed on January 16, 1998); <br> [Exhibit (c)(1)](http://www.sec.gov/Archives/edgar/data/853285/0001047469-98-001376-index.html)<br>|
| (c)(1)(i) | &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)(i)](http://www.sec.gov/Archives/edgar/data/853285/000114036109010375/exhibit31.htm)<br>|
| (c)(1)(ii) | &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)(ii)](http://www.sec.gov/Archives/edgar/data/853285/000114036109010375/exhibit32.htm)<br>|
| (c)(1)(iii) | &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)(iii)](http://www.sec.gov/Archives/edgar/data/1074760/000107476010000008/exc3.htm)<br>|
| (c)(1)(iv) | &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)(iv)](http://www.sec.gov/Archives/edgar/data/1074760/000107476010000008/exc4.htm)<br>|
| (c)(2)(i) | &nbsp;&nbsp; Sales Operations and General Agent Agreement (Incorporated herein by reference to Pre-Effective Amendment No. 1 <br> to the Registration Statement on Form N-4, File No. 333-37907, filed on January 16, 1998); [Exhibit (c)(2)(i)](http://www.sec.gov/Archives/edgar/data/853285/0001047469-98-001376-index.html)<br>|
| (c)(2)(ii) | &nbsp;&nbsp; Broker-Dealer Supervisory and Service Agreement (Incorporated herein by reference to Pre-Effective Amendment <br> No. 1 to the Registration Statement on Form N-4, File No. 333-37907, filed on January 16, 1998); [Exhibit (c) (2)(ii)](http://www.sec.gov/Archives/edgar/data/853285/0001047469-98-001376-index.html)<br>|
| (c)(2)(iii) | &nbsp;&nbsp; General Agent Agreement (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the Registration <br> Statement on Form N-4, File No. 333-37907, filed on January 16, 1998); [Exhibit (c)(2)(iii)](http://www.sec.gov/Archives/edgar/data/853285/0001047469-98-001376-index.html)<br>|
| (d)(1)(i) | &nbsp;&nbsp; Flexible Payment Combination Fixed/Variable Group Annuity Contract (Incorporated herein by reference to the <br> Registration Statement on Form N-4, File No. 333-83256, filed on February 22, 2002); [Exhibit (d)(1)(i)](http://www.sec.gov/Archives/edgar/data/853285/000085328502000025/ex4a.htm)<br>|
| (d)(1)(ii) | &nbsp;&nbsp; Certificate to be issued in connection with Contract filed as Exhibit (d)(1)(i) (Incorporated herein by reference to the <br> Registration Statement on Form N-4, File No. 333-83256, filed on February 22, 2002); [Exhibit (d)(1)(ii)](http://www.sec.gov/Archives/edgar/data/853285/000085328502000025/ex4b.htm)<br>|
| (d)(2) | &nbsp;&nbsp; Flexible Payment Combination Fixed/Variable Individual Annuity Contract (Incorporated herein by reference to the <br> Registration Statement on Form N-4, File No. 333-83256, filed on February 22, 2002); [Exhibit (d)(2)](http://www.sec.gov/Archives/edgar/data/853285/000085328502000025/ex4c.htm)<br>|
| (d)(3) | &nbsp;&nbsp; Secured Returns 2 Rider to Certificate filed as Exhibit (d)(1)(ii) (Incorporated herein by reference to the Registration <br> Statement on Form N-4, File No. 333-115525, filed May 14, 2004); [Exhibit (d)(3)](http://www.sec.gov/Archives/edgar/data/853285/000085328504000144/exhibit4f.htm)<br>|
| (d)(4) | &nbsp;&nbsp; Secured Returns 2 Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract filed as <br> Exhibit (d)(1)(ii) (Incorporated herein by reference to the Registration Statement on Form N-4, File No. 333-115525,<br> filed May 14, 2004); [Exhibit (d)(4)](http://www.sec.gov/Archives/edgar/data/853285/000085328504000144/exhibit4g.htm)<br>|
| (d)(5) | &nbsp;&nbsp; Secured Returns for Life Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract filed as <br> Exhibit (d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 9 to the Registration Statement on <br> Form N-4, File No. 333-83516, filed on August 2, 2005); [Exhibit (d)(5)](http://www.sec.gov/Archives/edgar/data/853285/000085328505000188/exhibit4f.htm)<br>|
| (d)(6) | &nbsp;&nbsp; Secured Returns for Life Plus Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract <br> filed as Exhibit (d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 13 to the Registration <br> Statement on Form N-4, File No. 333-83516, filed on February 3, 2006); [Exhibit (d)(6)](http://www.sec.gov/Archives/edgar/data/853285/000085328506000113/exhibit4.htm)<br>|
| (d)(7) | &nbsp;&nbsp; Income ON Demand Benefit Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract <br> filed as Exhibit (d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 19 to the Registration <br> Statement on Form N-4, File No. 333-83516, filed on September 22, 2006); [Exhibit (d)(7)](http://www.sec.gov/Archives/edgar/data/853285/000085328506000392/exhibit4h.htm)<br>|

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| | |
|:---|:---|
| (d)(8) | &nbsp;&nbsp; Retirement Asset Protector Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract filed <br> as Exhibit (d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 19 to the Registration <br> Statement on Form N-4, File No. 333-83516, filed on September 22, 2006); [Exhibit (d)(8)](http://www.sec.gov/Archives/edgar/data/853285/000085328506000392/exhibit4i.htm)<br>|
| (d)(9) | &nbsp;&nbsp; Retirement Income Escalator Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract <br> filed as Exhibit (d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 25 to the Registration <br> Statement on Form N-4, File No. 333-83516, filed on February 12, 2008); [Exhibit (d)(9)](http://www.sec.gov/Archives/edgar/data/853285/000085328508000034/exhibit4k.htm)<br>|
| (d)(10) | &nbsp;&nbsp; Income ON Demand Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract filed as <br> Exhibit (d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 25 to the Registration Statement <br> on Form N-4, File No. 333-83516, filed on February 12, 2008); [Exhibit (d)(10)](http://www.sec.gov/Archives/edgar/data/853285/000085328508000034/exhibit4l.htm)<br>|
| (d)(11) | &nbsp;&nbsp; Retirement Income Escalator II Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract <br> filed as Exhibit (d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 28 to the Registration <br> Statement on Form N-4, File No. 333-83516, filed on July 3, 2008); [Exhibit (d)(1l)](http://www.sec.gov/Archives/edgar/data/853285/000085328508000248/ex4m.htm)<br>|
| (d)(12) | &nbsp;&nbsp; Income ON Demand II Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract filed as <br> Exhibit (d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 28 to the Registration Statement <br> on Form N-4, File No. 333-83516, filed on July 3, 2008); [Exhibit (d) (12)](http://www.sec.gov/Archives/edgar/data/853285/000085328508000248/ex4n.htm)<br>|
| (d)(13) | &nbsp;&nbsp; Income ON Demand II Escalator Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract <br> filed as Exhibit (d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 28 to the Registration <br> Statement on Form N-4, File No. 333-83516, filed on July 3, 2008); [Exhibit (d)(13)](http://www.sec.gov/Archives/edgar/data/853285/000085328508000248/ex4o.htm)<br>|
| (d)(14) | &nbsp;&nbsp; Income ON Demand II Plus Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract filed <br> as Exhibit(d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 28 to the Registration Statement <br> on Form N-4, File No. 333-83516, filed on July 3, 2008); [Exhibit (d)(14)](http://www.sec.gov/Archives/edgar/data/853285/000085328508000248/ex4p.htm)<br>|
| (d)(15) | &nbsp;&nbsp; Income ON Demand III Escalator Rider to Flexible Payment Combination Fixed/Variable Individual Annuity <br> Contract filed as Exhibit (d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 23 to the <br> Registration Statement on Form N-4, File No. 333-83362, filed on June 10, 2009); [Exhibit (d)(15)](http://www.sec.gov/Archives/edgar/data/853285/000074554409000643/iod3e.htm)<br>|
| (d)(16) | &nbsp;&nbsp; Income Riser Rider to Flexible Payment Combination Fixed/Variable Individual Annuity Contract filed as Exhibit <br> (d)(2) (Incorporated herein by reference to Post-Effective Amendment No. 23 to the Registration Statement on Form <br> N-4, File No. 333-83362, filed on June 10, 2009); [Exhibit (d)(16)](http://www.sec.gov/Archives/edgar/data/853285/000074554409000643/sir.htm)<br>|
| (e)(1) | &nbsp;&nbsp; Application to be used with Contract filed as Exhibit (d)(1)(i) (Incorporated herein by reference to Pre-Effective <br> Amendment No. 1 to the Registration Statement on Form N-4, File No. 333-74844, filed February 14, 2002); [Exhibit <br>(e)(1)](http://www.sec.gov/Archives/edgar/data/853285/000085328502000004/ex5a.htm)<br>|
| (e)(2) | &nbsp;&nbsp; Application to be used with Certificate filed as Exhibit (d)(1)(ii) and Contract filed as Exhibit (d)(2) (Incorporated <br> herein by reference to Pre-Effective Amendment No. 1 to the Registration Statement on Form N-4, File <br> No. 333-74844, filed February 14, 2002); [Exhibit (e)(2)](http://www.sec.gov/Archives/edgar/data/853285/000085328502000004/ex5b.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) | &nbsp;&nbsp; Amended and Restated Reinsurance Agreement between Delaware Life Insurance Company and Hannover Life <br> Reassurance Company of America; (Incorporated herein by reference to Post-Effective Amendment No. 56 to the <br> Registration Statement on Form N-4, File No. 333-83516, filed on April 26, 2019); [Exhibit (g)](http://www.sec.gov/Archives/edgar/data/853285/000119312519120967/d685786dex997.htm)<br>|
| (h)(1) | &nbsp;&nbsp; Participation Agreement by and between The Alger American Fund, the Depositor, and Fred Alger and Company, <br> Incorporated (Incorporated herein by reference to Post-Effective Amendment No. 13 to the Registration Statement on <br> Form N-4, File No. 033-41628, filed on April 23, 1999); [Exhibit (h)(1)](http://www.sec.gov/Archives/edgar/data/853285/0001047469-99-016154.txt)<br>|
| (h)(2) | &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, (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 (h)(2)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998f.htm)<br>|
| (h)(3) | &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)(3)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998b.htm)<br>|

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| | |
|:---|:---|
| (h)(4) | &nbsp;&nbsp; Participation Agreement dated April 30, 2001 by and among Rydex Variable Trust, Rydex Distributors, Inc., and Sun <br> Life Assurance Company of Canada (U.S.). (Incorporated herein by reference to Post-Effective Amendment No. 7 to <br> the Registration Statement on Form N-4, File No. 333-82957, filed on July 27, 2001); [Exhibit (h)(4)](http://www.sec.gov/Archives/edgar/data/853285/000091205701525608/a2054364zex-8_i.txt)<br>|
| (h)(5) | &nbsp;&nbsp; Amended and Restated Participation Agreement dated September 1, 2004 by and among Sun Life Assurance <br> Company of Canada (U.S.), Variable Insurance Products Funds, and Fidelity Distributors Corporation. (Incorporated <br> herein by reference to Post-Effective Amendment No. 8 to the Registration Statement of on Form N-4, File <br> No. 333-83516, filed on April 28, 2005); [Exhibit (h)(5)](http://www.sec.gov/Archives/edgar/data/853285/000085328505000082/exhibit8h.htm)<br>|
| (h)(6) | &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)(6)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998a.htm)<br>|
| (h)(7) | &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)(7)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998j.htm)<br>|
| (h)(8) | &nbsp;&nbsp; Participation Agreement Among Franklin Templeton Variable Insurance Products Trust, Franklin Templeton <br> Distributors, Inc., Sun Life Assurance Company of Canada (U.S.), Sun Life Insurance and Annuity Company of New <br> York and Clarendon Insurance Agency, Inc. (Incorporated herein by reference to the Registration Statement on Form <br> N-4, File No. 333-102278, filed on December 31, 2002); [Exhibit (h)(8)](http://www.sec.gov/Archives/edgar/data/1054782/000105478202000084/exhibit8gi.htm)<br>|
| (h)(9) | &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)(9)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998m.htm)<br>|
| (h)(10) | &nbsp;&nbsp; Participation Agreement by and among Wanger Advisors Trust, Columbia Funds Distributors, Inc., Sun Life <br> Assurance Company of Canada (U.S.), and Sun Life Insurance and Annuity Company of New York (Incorporated <br> herein by reference to Post-Effective Amendment No. 8 to Registration Statement on Form N-4, File No. 333-83516,<br> filed on April 28, 2005); [Exhibit (h)(10)](http://www.sec.gov/Archives/edgar/data/853285/000085328505000082/exhibit8s.htm)<br>|
| (h)(11) | &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)(](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998h.htm)11)<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)(12)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998l.htm)<br>|
| (h)(13) | &nbsp;&nbsp; Participation Agreement, dated December 3, 2007, by and among Sun Life Assurance Company of Canada (U.S.), <br> The Huntington Funds, Edgewood Services, Inc., and Huntington Asset Advisors, Inc. (Incorporated herein by <br> reference to Post-Effective Amendment No. 25 to the Registration Statement on Form N-4, File No. 333-83516, filed <br> on February 12, 2008); [Exhibit (h)(13)](http://www.sec.gov/Archives/edgar/data/853285/000085328508000034/exhibit8w.htm)<br>|
| (h)(14) | &nbsp;&nbsp; Participation Agreement, dated May 13, 2004, by and among Sun Life Assurance Company of Canada (U.S.), Merrill <br> Lynch Variable Series Funds, Inc., Merrill Lynch Investment Managers, L.P. and FAM Distributors, Inc. <br> (Incorporated herein by reference to Post-Effective Amendment No. 1 to the Registration Statement of Delaware Life <br> Variable Account G on Form N-6, File No. 333-111688, filed on April 29, 2005); [Exhibit (h)(14)](http://www.sec.gov/Archives/edgar/data/1020523/000102052305000024/exh16.htm)<br>|
| (h)(15) | &nbsp;&nbsp; Participation Agreement, dated September 30, 2002, by and among Sun Life Assurance Company of Canada (U.S.), <br> Sun Life Insurance and Annuity Company of New York, First Eagle Sogen Variable Funds, Inc. and Arnhold and S. <br> Bleichroeder, Inc. (Incorporated herein by reference to the Registration Statement of Delaware Life Variable Account <br> I on Form N-6, File No. 333-143353, filed on May 30, 2007); [Exhibit (h)(15)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000030/exh9.htm)<br>|
| (h)(16) | &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)(16)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998n.htm)<br>|

---

------

---

| | |
|:---|:---|
| (h)(17) | &nbsp;&nbsp; Participation Agreement, dated August 1, 2011, among Sun Life Assurance Company of Canada (U.S.), Sun Life <br> Insurance and Annuity Company of New York, PIMCO Equity Series VIT, and PIMCO Investments LLC <br> (Incorporated herein by reference to Pre-Effective Amendment No. 2 the Registration Statement of Delaware Life <br> Variable Account K on Form N-4, File No. 333-173301, filed on August 10, 2011); [Exhibit (h)(17)](http://www.sec.gov/Archives/edgar/data/1385244/000074554411000533/exhibit8s.htm)<br>|
| (h)(18) | &nbsp;&nbsp; Participation Agreement, dated May 1, 2011, among Wells Fargo Variable Trust, Sun Life Assurance Company of <br> Canada (U.S.) and Sun Life Insurance and Annuity Company of New York (Incorporated herein by reference to <br> Pre-Effective Amendment No. 1 the Registration Statement on Form N-4, File No. 333-173301, filed on June 8, <br> 2011); [Exhibit (h)(18)](http://www.sec.gov/Archives/edgar/data/1385244/000074554411000504/exhibit8p.htm)<br>|
| (h)(19) | &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)(19)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998g.htm)<br>|
| (h)(20) | &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)(20)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998k.htm)<br>|
| (h)(21) | &nbsp;&nbsp; Participation Agreement, restated April 1, 2007, by and among Sun Life Assurance Company of Canada (U.S.), Sun <br> Life Insurance and Annuity Company of New York, Independence Life and Annuity Company, Columbia Funds <br> Variable Insurance Trust I, Columbia Management Advisors, LLC, and Columbia Management Distributors, Inc. <br> (Incorporated herein by reference to Post-Effective Amendment No. 47 to the Registration Statement on Form N-4, <br> File No. 333-83516, filed on April 29, 2013); [Exhibit (h)(21)](http://www.sec.gov/Archives/edgar/data/853285/000102052313000343/exhibit8w.htm)<br>|
| (h)(22) | &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)(22)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998e.htm)<br>|
| (h)(23) | &nbsp;&nbsp; Participation Agreement, dated April 29, 2011, by and among Sun Life Assurance Company of Canada (U.S.), Sun <br> Life Insurance and Annuity Company of New York, Independence Life and Annuity Company, RiverSource Variable <br> Series Trust, Columbia Management Investment Advisers, LLC, and Columbia Management Investment Distributors, <br> Inc. (Incorporated herein by reference to Post-Effective Amendment No. 47 to the Registration Statement on Form <br> N-4, File No. 333-83516, filed on April 29, 2013); [Exhibit (h)(23)](http://www.sec.gov/Archives/edgar/data/853285/000102052313000343/exhibit8x.htm)<br>|
| (h)(24) | &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)(7) - (h)(11), (h)(15) - (h)(23). (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)(24)](https://www.sec.gov/Archives/edgar/data/853285/000119312525103395/d882875dex99h24.htm)<br>|
| (i) | &nbsp;&nbsp; Master Services Agreement by and between Sun Life Assurance Company of Canada (U.S.) and se<sup>2</sup>, Inc., dated <br> December 1, 2013. (Incorporated herein by reference to Post-Effective Amendment No. 15 to the Registration <br> Statement of Delaware Life Variable Account I on Form N-6, File No. 333-143354, filed on April 29, 2015.) [Exhibit <br>(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.\*](d938624dex99i2.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.\*](d938624dex99i3.htm) |
| (i)(4) | [Order Form, dated July 1, 2025, between Zinnia Tech Solutions LLC and Delaware Life Insurance Company.\*](d938624dex99i4.htm) |
| (j) | Not Applicable |
| (k)(1) | [Opinion of Counsel as to the legality of the securities being registered and Consent to its use](d938624dex99k1.htm);\*  |
| (k)(2) | [Representation of Counsel pursuant to Rule 485(b)](d938624dex99k2.htm);\*  |
| (l) | Not Applicable; |
| (m) | Not Applicable; |
| (n) | Not Applicable; |

---

------

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Form of Initial Template Summary Prospectus (Incorporated by reference to Post-Effective Amendment No. 5 to the 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) ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) [Powers of Attorney](d938624dex99p.htm) \*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) [Resolution of the Board of Directors of the Depositor authorizing the use of powers of attorney for Officer <br>signatures](d938624dex99q.htm) \*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) [Organization Chart of the Registrant, the Depositor and DLIC Sub-Holdings, LLC\*; and](d938624dex99r.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) [Consents of Independent Registered Public Accounting Firm](d938624dex99s.htm) ;\*

\*

Filed herewith.

Item 28. DIRECTORS AND OFFICERS OF THE DEPOSITOR

---

| | |
|:---|:---|
| Name and Principal<br> Business Address<br>| Positions and Offices<br> With Depositor<br>|
| Dennis A. Cullen<br> Delaware Life Insurance Company<br> 10555 Group 1001 Way<br> Zionsville, IN 46077<br>| Director |
| 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 |

---

------

Name and Principal Business Address Positions and Offices With Depositor <br> Daniel P. Healy Delaware Life Insurance Company 10555 Group 1001 Way Zionsville, IN 46077 Chief Risk Officer <br> Dale Uthoff Delaware Life Insurance Company 10555 Group 1001 Way Zionsville, IN 46077 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)<br>|

---

&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)<br>|

---

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/ Kenneth N. Crowley*<br>Kenneth N. Crowley<br>| Attorney-in-Fact | June 30, 2026 |

---

\*

Kenneth N. Crowley 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](d938624dex99i2.htm) |
| (i)(3) | [Third Party Administration Addendum](d938624dex99i3.htm) |
| (i)(4) | [Order Form for Services Agreement](d938624dex99i4.htm) |
| (k)(1) | [Opinion of Counsel as to the legality of the securities being registered and Consent to its use](d938624dex99k1.htm) |
| (k)(2) | [Representation of Counsel Pursuant to Rule 485(b)](d938624dex99k2.htm) |
| (p) | [Powers of Attorney](d938624dex99p.htm) |
| (q) | [Resolution of the Board of Directors of the Depositor authorizing the use of powers of attorney for Officer signatures](d938624dex99q.htm) |
| (r) | [Organization Chart of the Registrant, the Depositor and DLIC Sub-Holdings, LLC](d938624dex99r.htm) |
| (s) | [Consents of Independent Registered Public Accounting Firm](d938624dex99s.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>|

---

\* 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

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| | |
|:---|:---|
| **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

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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. 63 to the Registration Statement of Delaware Life Variable Account F on Form N-4, File No. 333-83516

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/ Kenneth N. Crowley

Kenneth N. Crowley

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