# EDGAR Filing Document

**Accession Number:** 0001074760
**File Stem:** 0001193125-26-289830
**Filing Date:** 2026-6
**Character Count:** 615916
**Document Hash:** c63ce119f708f1969fd0365003db3b04
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-289830.hdr.sgml**: 20260630

**ACCESSION NUMBER**: 0001193125-26-289830

**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 I
- **CENTRAL INDEX KEY:** 0001074760

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

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09137
- **FILM NUMBER:** 261139041

**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 I
- **DATE OF NAME CHANGE:** 19981204
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DELAWARE LIFE VARIABLE ACCOUNT I
- **CENTRAL INDEX KEY:** 0001074760

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

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-143354
- **FILM NUMBER:** 261139040

**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 I
- **DATE OF NAME CHANGE:** 19981204

## Series and Classes Contracts Data

### DELAWARE LIFE VARIABLE ACCOUNT I (Series ID: S000008065)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000051352 | Prime VUL    |  |

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

**REGISTRATION NO. 333-143354**

**811-09137**

------

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549** 

------

**FORM N-6** 

------

---

| | |
|:---|:---|
| **REGISTRATION STATEMENT** |  |
| ***UNDER*** |  |
| ***THE SECURITIES ACT OF 1933*** |  |
| **Post-Effective Amendment No. 26** | **☒** |
| **and/or** |  |
| **REGISTRATION STATEMENT** |  |
| ***UNDER*** |  |
| ***THE INVESTMENT COMPANY ACT OF 1940*** |  |
| **Amendment No. 120** | **☒** |

---

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

------

**DELAWARE LIFE VARIABLE ACCOUNT I**

**(Exact Name of Registrant)** 

------

**DELAWARE LIFE INSURANCE COMPANY**

**(Name of Depositor)**

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

**(Address of Depositor's Principal Executive Offices)**

**Depositor'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) of Rule 485

☐ on pursuant to paragraph (b) of Rule 485

☐ 60 days after filing pursuant to paragraph (a)(1) of Rule 485

☐ on (date) pursuant to paragraph (a)(1) of Rule 485.

If appropriate, check the following box:

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

------

PART A

------

**PRIME VARIABLE UNIVERSAL LIFE INSURANCE** 

**DELAWARE LIFE VARIABLE ACCOUNT I** 

**A FLEXIBLE PREMIUM COMBINATION FIXED AND VARIABLE UNIVERSAL LIFE INSURANCE POLICY** 

**PROSPECTUS** 

**June 30, 2026**

This prospectus describes an individual flexible premium variable universal life insurance policy (the "Policy") issued by Delaware Life Insurance Company ("we", "us" or "Company"), through Delaware Life Variable Account I (the "Variable Account"), one of our separate accounts. This prospectus provides disclosure about the Policy, including its material features, rights, obligations, restrictions, optional benefits and investment options. The purpose of the Policy is primarily to provide life insurance protection (i.e., a death benefit) while providing for the allocation of assets to Variable Sub-Accounts and/or a Fixed Account. This prospectus contains important information you should understand before purchasing a Policy. You should read this prospectus carefully and keep it for future reference.

When you invest in the Policy, you decide how to allocate your premium among a number of Sub-Accounts and the Fixed Account. You should consider which features are important to you and the amount of charges you are willing to pay relative to your needs for a death benefit. In deciding whether to purchase the optional Additional Protection Benefit, you should consider the desirability of the benefit relative to its additional cost and your death benefit needs.

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

**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/86680A608?site=Life. 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 Policy 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 Policy 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/86680A608?site=Life. 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 Policy, please contact us at our Service Address:

**By mail — Delaware Life Insurance Company** <br> **P.O. Box 758581** <br> **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 Policies 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 OR ANY STATE SECURITIES COMMISSION, NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES 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 life insurance, has been prepared by the Securities and Exchange Commission's staff and is available at www.Investor.gov.

------

**Table of Contents** 

---

| | |
|:---|:---|
| [IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT THE POLICY](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_1) | 6 |
| [OVERVIEW OF THE POLICY](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_5) | 10 |
| [FEE TABLE](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_7) | 12 |
| [PRINCIPAL RISKS OF INVESTING IN THE POLICY](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_11) | 16 |
| [DELAWARE LIFE INSURANCE COMPANY](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_13) | 18 |
| [THE VARIABLE ACCOUNT](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_14) | 19 |
| [THE FUNDS](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_14) | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Selection of Funds](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_15) | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Payments We Receive](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_15) | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Potential Conflicts](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_16) | 21 |
| [FEES, EXPENSES, AND RESTRICTIONS OF THE FUNDS](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_16) | 21 |
| [OUR GENERAL ACCOUNT](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_17) | 22 |
| [INVESTMENT PROGRAMS](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_17) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Dollar Cost Averaging](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_17) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Asset Rebalancing](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_17) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Asset Allocation](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_17) | 22 |
| [ABOUT THE POLICY](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_18) | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Policy Application, Issuance and Initial Premium](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_18) | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Compliance Test](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_18) | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Right of Return Period](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_19) | 24 |
| [PREMIUM PAYMENTS](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_19) | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Premium](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_20) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Guideline Premium Test Limitations](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_20) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Net Premiums](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_20) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Allocation of Net Premium](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_20) | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Planned Periodic Premiums](#xx_97e4a0f4-41cb-4fc3-8d51-e767bb4aa5b0_20) | 25 |
| [OTHER BENEFITS AVAILABLE UNDER THE POLICY](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_1) | 27 |
| [DEATH BENEFIT](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_5) | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Death Benefit Options](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_5) | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Changes in the Death Benefit Option](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_5) | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Changes in Specified Face Amount](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_6) | 32 |
| [ACCESSING YOUR ACCOUNT VALUE](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_6) | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Surrenders and Surrender Charges](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_6) | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Partial Withdrawals](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_8) | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Policy Loans](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_8) | 34 |
| [TRANSFER PRIVILEGES](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_9) | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Short-Term Trading](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_10) | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [The Funds' Trading Policies](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_11) | 37 |
| [ACCOUNT VALUE](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_11) | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Account Value of the Variable Sub-Accounts](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_11) | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Net Investment Factor](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_12) | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Splitting Units](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_13) | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Insufficient Value](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_13) | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Grace Period](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_13) | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [No-Lapse Guarantee](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_13) | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Minimum Premium Test](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_14) | 40 |
| [CHARGES AND DEDUCTIONS](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_14) | 40 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Premium Expense Charge](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_14) | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Mortality and Expense Risk Charge](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_14) | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Monthly Expense Charge](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_14) | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Monthly Cost of Insurance](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_15) | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Monthly Cost of Insurance Rates](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_15) | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Other Charges and Deductions](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_16) | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Reduced Charges](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_16) | 42 |
| [SUPPLEMENTAL BENEFITS](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_16) | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Accelerated Benefits Rider](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_16) | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Charitable Giving Benefit Rider](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_16) | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Waiver of Monthly Deductions Rider](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_17) | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Payment of Stipulated Amount Rider](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_17) | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Enhanced Cash Surrender Value Rider](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_17) | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Loan Lapse Protection Rider](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_18) | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Long Term Accumulation Rider ("LTA" Rider)](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_18) | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Supplemental Insurance Rider](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_19) | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Travel Assistance Endorsement](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_20) | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Termination of Policy](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_20) | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Reinstatement](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_21) | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Deferral of Payment](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_21) | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Rights of Owner](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_22) | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Rights of Beneficiary](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_22) | 48 |
| [OTHER POLICY PROVISIONS](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_22) | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Addition, Deletion or Substitution of Investments](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_22) | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Entire Contract](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_23) | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Alteration](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_23) | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Modification](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_23) | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Assignments](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_23) | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Nonparticipating](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_23) | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Misstatement of Age or Sex (Non-Unisex Policy)](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_23) | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Suicide](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_23) | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Incontestability](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_24) | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Report to Owner](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_24) | 50 |
| [FEDERAL INCOME TAX CONSIDERATIONS](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_24) | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Our Tax Status](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_24) | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Taxation of Policy Proceeds](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_25) | 51 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Withholding](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_28) | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Tax Return Disclosure](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_28) | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Tax Shelter Regulations](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_29) | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Corporate Alternative Minimum Tax](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_29) | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Other Tax Considerations](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_29) | 55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Medicare Tax on Investment Income](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_30) | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Tax Cuts and Jobs Act of 2017](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_30) | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Loan Lapse Protection Rider](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_30) | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Life Insurance Purchases by Nonresident Aliens and Foreign Corporations](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_30) | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Possible Tax Law Changes](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_30) | 56 |
| [DISTRIBUTION OF POLICY](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_30) | 56 |
| [VOTING RIGHTS](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_32) | 58 |
| [OTHER INFORMATION](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_33) | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [State Regulation](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_33) | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Legal Proceedings](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_33) | 59 |

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Registration Statements](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_33) | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Financial Statements](#xx_afaf7c20-e292-43a8-aa86-d3ea24f66352_33) | 59 |
| [APPENDIX A - INVESTMENT OPTIONS AVAILABLE UNDER THE POLICY](#xx_31a3a2bb-64d9-4a26-bfab-2f3340fa05c1_1) | 60 |
| [APPENDIX B – GLOSSARY OF TERMS](#xx_e492633d-5456-4219-ad74-f7d447edf1de_1) | 65 |
| [APPENDIX C – TABLE OF DEATH BENEFIT PERCENTAGES](#xx_5b8d7e4d-5193-422d-a38a-10e9a9ce629c_1) | 68 |

---

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

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | &nbsp;&nbsp; **Location In The**<br> **Prospectus**<br>|
| **Charges for** <br> **Early**<br> **Withdrawals**<br>| &nbsp;&nbsp; If You surrender your Policy in the first 10 years or within the first 10 years <br> after an increase in the Specified Face Amount, we will apply a surrender <br> charge to the initial Specified Face Amount and to each increase in the <br> Specified Face Amount other than an increase resulting from a change in <br> the death benefit option. If You make an early withdrawal, the Maximum <br> Charge would be $4,013 based on an initial Specified Face Amount of <br> $100,000. | &nbsp;&nbsp; If You surrender your Policy in the first 10 years or within the first 10 years <br> after an increase in the Specified Face Amount, we will apply a surrender <br> charge to the initial Specified Face Amount and to each increase in the <br> Specified Face Amount other than an increase resulting from a change in <br> the death benefit option. If You make an early withdrawal, the Maximum <br> Charge would be $4,013 based on an initial Specified Face Amount of <br> $100,000. | &nbsp;&nbsp; If You surrender your Policy in the first 10 years or within the first 10 years <br> after an increase in the Specified Face Amount, we will apply a surrender <br> charge to the initial Specified Face Amount and to each increase in the <br> Specified Face Amount other than an increase resulting from a change in <br> the death benefit option. If You make an early withdrawal, the Maximum <br> Charge would be $4,013 based on an initial Specified Face Amount of <br> $100,000. | &nbsp;&nbsp; **FEE TABLE –**<br> **TRANSACTION** <br> **FEES**<br> **SURRENDERS** <br> **AND**<br> **SURRENDER**<br> **CHARGES**<br>|
| **Transaction** <br> **Charges**<br>| &nbsp;&nbsp; In addition to charges for early withdrawals, You may be charged for <br> transactions under the Policy. A front-end load may be charged on each <br> premium payment. The front-end load for premiums up to and including the <br> Target Premium differs from the front-end load for premiums in excess of <br> the Target Premium. You may be charged for requested Policy illustrations. <br> If You elect an accelerated benefit under the Accelerated Benefits Rider, the <br> payment may be subject to certain deductions. If the Loan Lapse Protection <br> Rider is elected, a front-end load may be charged on the Election Date. <br> Currently, we do not charge for transfers. However, we reserve the right to <br> charge $15 per transfer after the first 12 transfers per Policy Year. | &nbsp;&nbsp; In addition to charges for early withdrawals, You may be charged for <br> transactions under the Policy. A front-end load may be charged on each <br> premium payment. The front-end load for premiums up to and including the <br> Target Premium differs from the front-end load for premiums in excess of <br> the Target Premium. You may be charged for requested Policy illustrations. <br> If You elect an accelerated benefit under the Accelerated Benefits Rider, the <br> payment may be subject to certain deductions. If the Loan Lapse Protection <br> Rider is elected, a front-end load may be charged on the Election Date. <br> Currently, we do not charge for transfers. However, we reserve the right to <br> charge $15 per transfer after the first 12 transfers per Policy Year. | &nbsp;&nbsp; In addition to charges for early withdrawals, You may be charged for <br> transactions under the Policy. A front-end load may be charged on each <br> premium payment. The front-end load for premiums up to and including the <br> Target Premium differs from the front-end load for premiums in excess of <br> the Target Premium. You may be charged for requested Policy illustrations. <br> If You elect an accelerated benefit under the Accelerated Benefits Rider, the <br> payment may be subject to certain deductions. If the Loan Lapse Protection <br> Rider is elected, a front-end load may be charged on the Election Date. <br> Currently, we do not charge for transfers. However, we reserve the right to <br> charge $15 per transfer after the first 12 transfers per Policy Year. | &nbsp;&nbsp; **FEE TABLE –**<br> **TRANSACTION** <br> **FEES**<br> **CHARGES,**<br> **DEDUCTIONS** <br> **AND**<br> **REFUNDS**<br> **TRANSFER**<br> **PRIVILEGES**<br> **SUPPLEMENTAL**<br> **BENEFITS**<br>|
| **Ongoing Fees** <br> **and Expenses** | &nbsp;&nbsp; In addition to charges for early withdrawals and transaction charges, an <br> investment in the Policy is subject to certain ongoing fees and expenses, <br> including fees and expenses covering the cost of insurance under the Policy <br> and the cost of the optional benefit available under the Policy. Certain fees <br> and expenses are set based on characteristics of the insured (*e.g.*, age, sex, <br> and rating classification). You should view your Policy specifications page <br> for rates applicable to your Policy. You will also bear expenses associated <br> with the Funds under the Policy, as shown in the following table: | &nbsp;&nbsp; In addition to charges for early withdrawals and transaction charges, an <br> investment in the Policy is subject to certain ongoing fees and expenses, <br> including fees and expenses covering the cost of insurance under the Policy <br> and the cost of the optional benefit available under the Policy. Certain fees <br> and expenses are set based on characteristics of the insured (*e.g.*, age, sex, <br> and rating classification). You should view your Policy specifications page <br> for rates applicable to your Policy. You will also bear expenses associated <br> with the Funds under the Policy, as shown in the following table: | &nbsp;&nbsp; In addition to charges for early withdrawals and transaction charges, an <br> investment in the Policy is subject to certain ongoing fees and expenses, <br> including fees and expenses covering the cost of insurance under the Policy <br> and the cost of the optional benefit available under the Policy. Certain fees <br> and expenses are set based on characteristics of the insured (*e.g.*, age, sex, <br> and rating classification). You should view your Policy specifications page <br> for rates applicable to your Policy. You will also bear expenses associated <br> with the Funds under the Policy, as shown in the following table: | &nbsp;&nbsp; **FEE TABLE**<br> **CHARGES,**<br> **DEDUCTIONS** <br> **AND**<br> **REFUNDS**<br> **APPENDIX A -**<br> **INVESTMENT** <br> **OPTIONS** <br> **AVAILABLE**<br> **UNDER THE** <br> **POLICY** |
| **Ongoing Fees** <br> **and Expenses** | **Annual Fee** | **Minimum** | **Maximum** | &nbsp;&nbsp; **FEE TABLE**<br> **CHARGES,**<br> **DEDUCTIONS** <br> **AND**<br> **REFUNDS**<br> **APPENDIX A -**<br> **INVESTMENT** <br> **OPTIONS** <br> **AVAILABLE**<br> **UNDER THE** <br> **POLICY** |
| **Ongoing Fees** <br> **and Expenses** | &nbsp;&nbsp; Investment Options (Fund fees and <br> expenses)<sup>1</sup><br>| 0.34%<sup>1</sup> | 3.38%<sup>1</sup> | &nbsp;&nbsp; **FEE TABLE**<br> **CHARGES,**<br> **DEDUCTIONS** <br> **AND**<br> **REFUNDS**<br> **APPENDIX A -**<br> **INVESTMENT** <br> **OPTIONS** <br> **AVAILABLE**<br> **UNDER THE** <br> **POLICY** |
| **Ongoing Fees** <br> **and Expenses** | &nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> <br>As a percentage of Fund net assets. | &nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> <br>As a percentage of Fund net assets. | &nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> <br>As a percentage of Fund net assets. | &nbsp;&nbsp; **FEE TABLE**<br> **CHARGES,**<br> **DEDUCTIONS** <br> **AND**<br> **REFUNDS**<br> **APPENDIX A -**<br> **INVESTMENT** <br> **OPTIONS** <br> **AVAILABLE**<br> **UNDER THE** <br> **POLICY** |

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

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

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

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

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

**OVERVIEW OF THE POLICY** 

**Purpose** 

The Policy is an individual flexible premium variable universal life insurance policy, the purpose of which is primarily to provide life insurance protection (i.e., a death benefit). The Policy is "variable" because the Policy's cash value may increase or decrease depending on the performance of the Investment Options that you select. The Death Benefit will become payable if the Policy is in force at the time of the Insured's death. The amount of the Death Benefit will depend on the Death Benefit option that you select, your Policy's face amount, and the cash value of your Policy.

The Policy provides for life insurance coverage and the opportunity for tax-deferred asset accumulation. For favorable federal tax treatment, the Policy must meet the standards of one of the following: the Guideline Premium Test or the Cash Value Accumulation Test as described in this prospectus. You choose the applicable test in the Policy application. You may not change your election. The Policy may be appropriate for investors with long investment time horizons. The Policy is generally not intended for investors who may need to make early or frequent withdrawals or who intend to frequently trade in the Policy's Fund options. You should consider the Policy in conjunction with other insurance that you own.

The Policy must, at all times, satisfy one of two legal standards for it to qualify as life insurance and thus be entitled to receive favorable tax treatment under applicable federal tax law. Under both the Cash Value Accumulation Test and the Guideline Premium Test tests, the Death Benefit must effectively always equal or exceed your Account Value multiplied by a certain percentage (the "Death Benefit Percentage"). The Death Benefit Percentages for the Guideline Premium Test vary by Attained Age, whereas those for the Cash Value Accumulation Test vary by Attained Age and sex.

**Premiums** 

Generally, you must make an initial minimum premium payment equal to two Minimum Monthly Premiums. You choose the amount and timing of subsequent premium payments, within certain limits described in this prospectus. Payment of insufficient premiums may result in a lapse of the Policy. You may need to make premium payments at certain times and

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in certain amounts to keep your Policy in force. Even if you establish a fixed schedule of premium payments, making your planned payments does not guarantee that the Policy will remain in force unless You comply with the No-Lapse Guarantee requirements.

We allocate your net premium payments among the Policy's Investment Options according to your instructions. The Investment Options include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Variable Investment Options.** Each Variable Investment Option (or Sub-Account) invests in the shares of a single underlying mutual fund (a Fund). Each Fund has its own investment objective, strategies, and risks; investment adviser(s); expenses; and performance history that you should consider before making an investment decision.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Fixed Account.** A fixed interest option that guarantees principal and a minimum rate of annual interest.

During the Right of Return Period, your net premiums may be automatically allocated to a designated money market fund Investment Option. Upon expiration of the number of days in the Right of Return Period, as measured from the Issue Date, plus five days, we will automatically reallocate your Account Value to the Investment Options you selected.

**Contract Features** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Specified Face Amount.** The Specified Face Amount is the minimum amount of life insurance in the Policy. After the first Policy Year, you may change the Specified Face Amount, subject to satisfactory evidence of the Insured's insurability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Death Benefit Options:** You have a choice of three Death Benefit options:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Specified Face Amount (Option A); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Specified Face Amount plus your Account Value (Option B); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Specified Face Amount plus the sum of Premiums paid (Option C).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Transfers of Account Value Among Investment Options.** You may transfer amounts among the Investment Options without tax implications, subject to any limits that we or the Funds may impose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Accessing Your Money (Surrenders and Loans).** You may access the money under your Policy through surrenders and loans. Surrenders and loans may be subject to income taxes and potential tax penalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● At any time, you may fully surrender the Policy for its Cash Surrender Value, but the Policy will terminate and you will lose its life insurance coverage. The surrender charge period ends 10 years after You purchase the Policy of increase the Specified Face Amount of the Policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You may make a partial withdrawal of some of the Policy's Cash Surrender Value after the Policy has been in force for one year. Upon partial withdrawal, your death benefit protection may be reduced and your risk of lapse will increase.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● You may take a loan under your Policy using your Account Value as collateral. We will transfer that portion of Account Value held as collateral from the Investment Options to the Fixed Account. Policy Debt accrues interest daily at a maximum annual rate of 4%. Loan Interest in Policy Year 11 and thereafter will differ if the LTA Rider was attached to your Policy. Taking a loan will increase your risk of lapse but may have preferential tax consequences compared to a partial surrender. During the No-Lapse Guarantee Period, however, the Policy will not terminate if it satisfies the minimum premium test.

**Other Benefits Available Under the Policy** 

For an additional description of the other benefits provided under the Policy, see "Other Benefits Available Under the Policy".

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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;● **No-Lapse Guarantee.** Eliminates the impact of poor investment performance and risk of Policy termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Accelerated Benefits Rider.** Provides for an "accelerated benefit" if the Insured is terminally ill. There is no cost for this rider unless it is exercised.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Charitable Giving Benefit Rider.** Allows you to name a Charitable Beneficiary who, when Policy Proceeds become payable, will receive a Charitable Gift Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Waiver of Monthly Deductions Rider.** Allows for the waiver of the monthly deductions under the Policy and any optional riders for all months for which the Insured suffers a total disability. There is an additional charge for this rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Payment of Stipulated Amount Rider.** Allows for a monthly payment of the "stipulated amount" into the Account Value when the Insured suffers a total disability. There is an additional charge for this rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Enhanced Cash Surrender Value Rider.** Provides a waiver of surrender charges. There is an additional charge for this rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Loan Lapse Protection Rider.** Protects the Policy from lapse should the Policy Debt become the near equivalent of the Account Value. There is no cost for this rider unless it is exercised.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Long Term Accumulation Rider.** Designed for Policy owners who desire high Account Values throughout the long-term life of the Policy and seek to heavily fund the Policy in the early Policy Years. There may be an additional expense for this rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Supplemental Insurance Rider.** Provides for additional insurance on the life of the Insured by combining term coverage with the underlying variable universal life ("base policy") coverage. There is an additional charge for this rider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Travel Assistance Endorsement.** Provides designated services through a third party when the covered person is more than 100 miles from home.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Asset Allocation.** Rebalances your premium payments among the Sub-Accounts according to your selected static model.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Dollar Cost Averaging.** Transfers a level amount from a designated money market fund Investment Option to one or more Sub-Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Asset Rebalancing.** Permits the automatic rebalance of the Account Value among your Sub-Accounts to maintain the percentage allocation you selected.

**FEE TABLE** 

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

**The first table describes the fees and expenses that you will pay at the time that you buy the Policy, surrender or make withdrawals from the Policy, or transfer cash value among Investment Options.**

**Transaction Fees** 

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| | | |
|:---|:---|:---|
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| **Premium Expense Charge**<br> *(3.25% of this Charge is used for state* <br> *and federal tax obligations)*<br>| Upon Premium Receipt | *(as a percentage of premium)* |
| *Maximum Charge:* |  | 8.25% |

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| | | |
|:---|:---|:---|
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| *Current Charge:* |  | 6.50% |
| **Premium Expense Charge if the Long** <br> **Term Accumulation Rider is Elected**<sup>1</sup><br>|  |  |
| *Maximum Charge:* |  | 15.00% |
| *Current Charge:* |  | 15.00% |
| **Surrender Charge**<sup>2,3</sup> | &nbsp;&nbsp; Upon surrender before the eleventh <br> Policy Year and, if a Policy has had <br> an increase in Specified Face <br> Amount, upon surrender before ten <br> years have elapsed from the <br> increase effective date. | &nbsp;&nbsp; (per $1000 of Specified Face <br> Amount ("SFA"))<br>|
| *Maximum Charge:* | &nbsp;&nbsp; Upon surrender before the eleventh <br> Policy Year and, if a Policy has had <br> an increase in Specified Face <br> Amount, upon surrender before ten <br> years have elapsed from the <br> increase effective date. | $40.13 |
| *Minimum Charge:* | &nbsp;&nbsp; Upon surrender before the eleventh <br> Policy Year and, if a Policy has had <br> an increase in Specified Face <br> Amount, upon surrender before ten <br> years have elapsed from the <br> increase effective date. | $0.16 |
| *Representative Owner Charge:* |  | $7.76 |
| **Loan Lapse Protection Rider Charge**<sup>4</sup> | On Rider Exercise Date | (as a percentage of Account Value) |
| *Maximum Charge:* |  | 3.5% |
| **Transfer Fee** | &nbsp;&nbsp; Upon each transfer in excess of 12 <br> in a Policy Year<br>|  |
| *Maximum Charge:* |  | $15.00 |

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**The next table describes the fees and expenses that you will pay periodically during the time that you own the Policy, not including Fund fees and expenses.** 

**Periodic Charges Other Than Annual Fund Expenses** 

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| | | |
|:---|:---|:---|
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| Base Contract Charges | Base Contract Charges | Base Contract Charges |
| **Cost of Insurance Charge**<sup>5</sup> | &nbsp;&nbsp; At the beginning of each Policy <br> Month<br>| &nbsp;&nbsp; *(per $1000 of Policy Net Amount at* <br> *Risk)*<br>|
| *Maximum Charge:* |  | $83.33 |
| *Minimum Charge:* |  | $0.02 |
| *Representative Owner Charge:* |  | $0.13 |
| **Cost of Insurance Charge if the Long**<br> **Term Accumulation Rider is Elected**<sup>1,5</sup><br>|  |  |
| *Maximum Charge:* |  | $83.33 |
| *Minimum Charge:* |  | $0.02 |
| *Representative Owner Charge:* |  | $0.16 |

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| | | |
|:---|:---|:---|
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| **Mortality and Expense Risk Charge** | &nbsp;&nbsp; At the beginning of each Policy <br> Month<br>| &nbsp;&nbsp; *(as an annual percentage of the* <br> *daily average net assets allocated* <br> *to the Investment Options in the* <br> *Variable Account)*<br>|
| *Maximum Charge:* |  | 0.60% |
| **Mortality and Expense Risk Charge if** <br> **the Long Term Accumulation Rider is** <br> **Elected**<sup>1</sup><br>|  |  |
| *Maximum Charge:* |  | 0.25% |
| **Monthly Expense Charge**<sup>6</sup><br> **(Administrative Expenses)**<br>| &nbsp;&nbsp; At the beginning of each Policy <br> Month<br>|  |
| *Maximum Charge:* |  | $8.00 + $1.11 per $1000 of SFA |
| *Minimum Charge:* |  | $8.00 + $0.02 per $1000 of SFA |
| *Representative Owner Charge:* |  | $8.00 + $0.12 per $1000 of SFA |
| **Monthly Expense Charge if the Long**<br> **Term Accumulation Rider is elected**<sup>1,6</sup><br>|  |  |
| *Maximum Charge:* |  | $8.00 + $4.00 per $1000 of SFA |
| *Minimum Charge:* |  | $8.00 + $0.04 per $1000 of SFA |
| *Representative Owner Charge:* |  | $8.00 + $0.20 per $1000 of SFA |
| **Flat Extra Charge**<sup>7</sup> | &nbsp;&nbsp; At the beginning of each Policy <br> Month<br>| &nbsp;&nbsp; *(per $1000 of Total Net Amount at* <br> *Risk)*<br>|
| *Maximum Charge:* |  | $20.00 |
| **Loan Interest**<sup>8</sup> | At the end of each Policy Year | *(as a percentage of Policy Debt)* |
| *Maximum Charge:* |  | 4.00% |
| **Optional Benefit Charges** |  |  |
| **Waiver of Monthly Deductions Rider** <br> **Charge**<sup>9</sup><br>| &nbsp;&nbsp; At the beginning of each Policy <br> Month<br>| &nbsp;&nbsp; *(per $1000 of SFA and* <br> *Supplemental Insurance Rider* <br> *Face Amount)*<br>|
| *Maximum Charge:* |  | $0.16 |
| *Minimum Charge:* |  | $0.01 |
| *Representative Owner Charge:* |  | $0.06 |
| **Payment of Stipulated Amount Rider** <br> **Charge**<sup>10</sup><br>| &nbsp;&nbsp; At the beginning of each Policy <br> Month<br>| *(per $100 of Stipulated Amount)* |
| *Maximum Charge:* |  | $0.79 |
| *Minimum Charge:* |  | $0.13 |
| *Representative Owner Charge* |  | $0.46 |

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| | | |
|:---|:---|:---|
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| **Supplemental Insurance Rider** <br> **Charge**<sup>5</sup><br>| &nbsp;&nbsp; At the beginning of each Policy <br> Month<br>| &nbsp;&nbsp; *(per $1000 of Rider Net Amount at* <br> *Risk)*<br>|
| *Maximum Charge:* |  | $83.33 |
| *Minimum Charge:* |  | $0.02 |
| *Representative Owner Charge:* |  | $0.13 |
| **Enhanced Cash Surrender Value Rider** <br> **Charge**<sup>3,11</sup><br>| &nbsp;&nbsp; At the beginning of each Policy <br> Month<br>| *(Per $1000 of SFA)* |
| *Maximum Charge:* |  | $2.06 |
| *Minimum Charge:* |  | $0.02 |
| *Representative Owner Charge:* |  | $0.14 |

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**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 Policy. A complete list of Funds available under the Policy, including their annual expenses, may be found in Appendix A – Investment Options Available Under the Policy** 

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| | | |
|:---|:---|:---|
| **Annual Fund Expenses** | **Minimum** | **Maximum** |
| (expenses that are deducted from Fund assets, including management fees, distribution <br> and/or service (12b-1) fees, and other expenses<br>| 0.34% | 3.38% |

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<sup>1</sup>

There is no specified separate charge for the Long Term Accumulation Rider; however, electing this Rider will significantly increase the Premium Expense Charge, Monthly Expense Charge, and Monthly Cost of Insurance Charge. It will also waive surrender charges and reduce Mortality and Expense Risk Charges and, starting in Policy Year 10, it will reduce Loan Interest. If You elect this Rider, You cannot also elect the Enhanced Cash Surrender Value Rider. The charges shown may not be representative of the charges You may pay. Please contact your financial adviser for the particular charges applicable to You.

<sup>2</sup>

The maximum charge possible is for an Insured male, standard, tobacco, Issue Age 85, Policy Year 1. The minimum charge possible is for an Insured female, super-preferred, non-tobacco, Issue Age 18, Policy Year 10. The representative charge assumes the owner and the Insured are the same person and is for an Insured male, super preferred, non-tobacco, Issue Age 45, Policy Year 1. The surrender charge varies based on the Specified Face Amount, the length of time the Policy has been in force and the length of time an increase in Specified Face Amount has been in effect, the Insured's Issue Age, sex and rating class. The charges shown may not be representative of the charge You may pay. Please contact your financial adviser for the particular charge applicable to You.

<sup>3</sup>

Surrender charges are waived if You elect either the Enhanced Cash Surrender Value Rider or Long Term Accumulation Rider. You can elect only one of these Riders.

<sup>4</sup>

The rider charge equals the excess of 99.5% of the Account Value over the Policy Debt.

<sup>5</sup>

The maximum charge possible is for an Insured male, standard, tobacco, Issue Age 85, Policy Year 35. The minimum charge possible is for an Insured female, super preferred, non-tobacco, Issue Age 18, Policy Year 10. The representative charge assumes the Owner and the Insured are the same person and is for an Insured male, super preferred, non-tobacco, Issue Age 45, Policy Year 1. The charges vary based on the length of time the Policy or rider has been in force and the Insured's Issue Age, sex and rating class. The charges shown may not be representative of the charge You may pay. Please contact your financial adviser for the particular charge applicable to You. For substandard risk classifications, the Company reserves the right to charge up to 500% of the charges shown in the Fee Table. An Insured is rated substandard if the mortality risk is higher due to a medical condition or hazardous occupation.

<sup>6</sup>

The per $1000 of Specified Face Amount charge applies for the first 5 Policy Years following the Issue Date and for the first 5 Policy Years following the effective date of any increase in Specified Face Amount. The maximum charge possible is for an Insured male, standard, tobacco, Issue Age 85. The minimum charge possible is for an Insured female, super preferred, non-tobacco, Issue Age 18. The representative charge assumes the Owner and the Insured are the same person and is for an Insured male, super preferred, non-tobacco, Issue Age 45. The monthly expense charge varies based on the Insured's Issue Age, sex and rating class. The charges shown may not be representative of the charge You may pay. Please contact your financial adviser for the particular charge applicable to You.

<sup>7</sup>

This charge applies only if the Insured is rated a substandard risk. An Insured is rated substandard if the mortality risk is higher due to a medical condition or hazardous occupation.

<sup>8</sup>

Loan Interest is charged as a percentage of Policy Debt and is added to Policy Debt. For Policy Years 10 and thereafter, a Policy with the Long Term Accumulation Rider has a loan interest rate of 3.0%. A Policy without the Long Term Accumulation Rider has a loan interest rate of 3.5%. However, amounts held as collateral in the Loan Account are credited interest periodically at an effective annual rate of 3%. Therefore, the maximum net interest rate on outstanding loans is 1%.

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<sup>9</sup>

The maximum charge possible is for an Insured, Issue Age 55. The minimum charge possible is for an Insured, Issue Age 18. The representative charge assumes the Owner and the Insured are the same person and is for an Insured, Issue Age 45. Charges vary by Issue Age only. The charges shown may not be representative of the charge You may pay. Please contact your financial adviser for the particular charge applicable to You.

<sup>10</sup>

To increase the variety of Stipulated Amounts electable, the charge imposed is per $100 of Stipulated Amount. The maximum charge possible is for an Insured male, Issue Age 55, benefit payable to age 70. The minimum charge possible is for an Insured male, Issue Age 18, benefit payable to age 65. The representative charge assumes the Owner and the Insured are the same person and is for an Insured male, Issue Age 45, benefit payable to age 70. Charges vary based on the Insured's Issue Age, sex and duration of payment option. Disability rates for males are lower than females at younger ages and much higher for males than females at older ages. The use of rates for males provides an appropriate range of rates. The charges shown may not be representative of the charge You may pay. Please contact your financial adviser for the particular charge applicable to You.

<sup>11</sup>

The per $1000 of Specified Face Amount charge applies for the first 10 Policy Years following the Issue Date and for the first 10 Policy Years following the effective date of any increase in Specified Face Amount. The maximum charge possible is for an Insured male, standard, tobacco, Issue Age 85. The minimum charge possible is for an Insured female, super preferred, non-tobacco, Issue Age 18. The representative charge assumes the Owner and the Insured are the same person and is for an Insured male, super preferred, non-tobacco, Issue Age 45, Policy Year 1. The Enhanced Cash Surrender Value Rider charge varies based on the Insured's Issue Age, sex and rating class. If You elect this Rider, You cannot also elect the Long Term Accumulation Rider. The charges shown may not be representative of the charge You may pay. Please contact your financial adviser for the particular charge applicable to You.

**PRINCIPAL RISKS OF INVESTING IN THE POLICY** 

**Risk of Loss** 

You can lose money by investing in the Policy, including loss of principal. The Policies 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 Policy is not designed for short-term investing or for an investor who needs ready access to cash. At any time, you may fully surrender the Policy for its Cash Surrender Value, but the Policy will terminate and you will lose its life insurance coverage. This Policy is unsuitable if you plan to surrender it to meet short-term needs, particularly because surrender charges are highest in the early Policy Years. The Policy has limited liquidity with respect to partial withdrawals. You may make a partial withdrawal of only a portion of the Cash Surrender Value once per month after the Policy has been in force for one year.

We will usually pay any amount due from the Variable Account within seven days. We reserve the right to defer payment of any portion of the Cash Surrender Value, policy loan or partial surrender payable from the Fixed Account for a period not exceeding six months.

**Fund Options Risk** 

Amounts that you invest in the Fund options (*i.e.*, the Sub-Accounts) are subject to the risk of poor investment performance. You assume all of the investment risk. Generally, if the Sub-Accounts you select make money, your 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.

**Surrender and Partial Withdrawal Risk** 

You should carefully consider the risks associated with surrenders and partial withdrawals under the Policy. A surrender will terminate the Policy and all of its benefits, including the Death Benefit. Reducing the Cash Surrender Value with a partial withdrawal will increase the risk of Policy lapse. In addition, a partial withdrawal will decrease the Specified Face Amount of your Policy if the applicable death benefit option is Option A or Option C. Surrenders and partial withdrawals may be subject to surrender charges, income taxes and potential tax penalties.

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**Risk of Lapse** 

Death Benefit proceeds will not be paid if the Policy has lapsed. You may need to make premium payments at certain times and in certain amounts to prevent a lapse, even if you have made all planned premium payments. If, on a Valuation Date, the Account Value less the outstanding Policy Debt is less than or equal to zero, then the Policy will terminate for no value, subject to the Grace Period provision and certain riders available under the Policy. The grace period will allow 61 days from that Valuation Date for the payment of premium sufficient to cover the charges and deductions from the Account Value. If you do not make a premium payment within the grace period sufficient to cover all charges and deductions due, the Policy will terminate at the end of the grace period.

Poor investment performance, insufficient premiums, fees and charges, partial surrenders, and unpaid loans or loan interest could cause your Policy to lapse.

Certain riders available under the Policy may mitigate the risk of lapse. The standard No-Lapse Guarantee prevents lapse during the applicable guarantee period as long as specified minimum premiums are paid. If you elect the optional Waiver of Monthly Deductions Rider or the optional Payment of Stipulated Amount Rider for an additional fee at issue, either of these riders reduce the risk of lapse if the Insured suffers a total disability. The standard Loan Lapse Protection Rider may also mitigate the risk of lapse for an additional fee if certain conditions are met.

There are costs associated with reinstating a lapsed Policy.

**Policy Loan Risk** 

You may borrow from us against your Policy using your Account Value as collateral. Outstanding Policy loans are charged loan interest. Outstanding Policy loans and unpaid loan interest will reduce your Cash Surrender Value and increase the risk of Policy lapse. Policy loans may be subject to income taxes and potential tax penalties.

**Risk of Adverse Tax Consequences** 

Purchase of, and transactions under, the Policy may have adverse or unfavorable tax consequences that you should consider. You may wish to consult a qualified tax professional prior to purchase regarding tax treatment of death benefits, surrenders, and loans. In general, for favorable federal tax treatment, the Policy must meet the standards of the Cash Value Accumulation Test or the Guideline Premium Test as described in this prospectus.

**Premium Payment Risk** 

In certain circumstances, you may not be permitted to make a premium payment. We reserve the right to limit the number of premium payments we accept on an annual basis. No premium payment may be less than $50 without our consent, although we will accept a smaller premium payment if it is necessary to keep the Policy in force. We reserve the right to reject a premium payment that, if accepted, would cause the Policy, at its current Death Benefit, to no longer meet the definition of "life insurance" under the Code.

**Transfer Risk** 

Any transfer restrictions under the Policy 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. Transfers from the Fixed Account are subject to special restrictions. These special restrictions may prolong the period of time it takes to transfer your Account Value in the Fixed Account to the Sub-Accounts and, therefore, you should carefully consider whether investment in the Fixed Account meets your needs and investment criteria.

**Fixed Account and Loan Account Interest Rate Risk** 

We guarantee that we will credit interest to amounts you allocate to the Fixed Account or amounts held in the Fixed Account as collateral for loans. 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.

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

Our guarantees and obligations under the Policy, including the standard Death Benefit, the additional Death Benefit if you elected the optional Supplemental Insurance Rider, amounts held in the Fixed Account, and interest credited on amounts held in the Fixed Account are subject to our financial strength and long-term claims-paying ability. If we experience financial distress, we may not be able to meet our obligations to you.

**Business Disruption and Cyber Security Risks**

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

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

**DELAWARE LIFE INSURANCE COMPANY**

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

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

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**THE VARIABLE ACCOUNT** 

We established Delaware Life Variable Account I in accordance with Delaware law on December 1, 1998. The Variable Account may also be used to fund benefits payable under other life insurance policies issued by us. We are obligated to pay all benefits payable under the Policy.

We own the assets of the Variable Account. The income, gains or losses, realized or unrealized, from assets allocated to the Variable Account are credited to or charged against the Variable Account without regard to our other income, gains or losses.

We will at all times maintain assets in the Variable Account with a total market value at least equal to the reserves and other liabilities relating to the variable benefits under all policies participating in the Variable Account and the Variable Account is fully funded for the purpose of Federal securities laws. The assets of the Variable Account are insulated from our general liabilities and may not be charged with our liabilities from our other business. Our obligations for the fixed account allocations and death benefits payable under the policies are, however, our general corporate obligations.

The Variable Account is registered with the Securities and Exchange Commission (the "SEC") under the Investment Company Act of 1940 ("1940 Act") as a unit investment trust. Registration under the 1940 Act does not involve any supervision by the SEC of the management or investment practices or policies of the Variable Account.

The Variable Account is divided into Variable Sub-Accounts also known as variable Investment Options. Each Variable Sub-Account invests exclusively in shares of a corresponding investment portfolio of a registered investment company (commonly known as a mutual fund). We may in the future add new or delete existing Variable Sub-Accounts. The income, gains or losses, realized or unrealized, from assets allocated to each Variable Sub-Account are credited to or charged against that Variable Sub-Account without regard to the other income, gains or losses of the other Variable Sub-Accounts. All amounts allocated to a Variable Sub-Account will be used to purchase shares of the corresponding mutual fund. The Variable Sub-Accounts will at all times be fully invested in mutual fund shares. The Variable Account may contain certain variable sub-accounts which are not available under the Policy.

**THE FUNDS** 

The Policy offers a number of Fund options. **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 POLICY".*) 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/86680A608?site=Life. *You can also request this information at no cost* at by calling (877) 253-2323, or by sending an email request to Customer.Relations@delawarelife.com.** 

Each Fund is a mutual fund registered under the Investment Company Act of 1940, or a separate series of shares of such a mutual fund. Each Fund has its own investment objectives, risks and expenses that determine its respective income and losses. **There is no assurance that a portfolio will achieve its stated objective(s).** You can lose money by investing in any of the Funds. In this regard we note, for example, that there can be no assurance that the MFS® U.S. Government Money Market Portfolio will be able to maintain a stable net asset value per share. During extended periods of low interest rates, and partly as a result of insurance charges, the yield on the Money Market Sub-Account may become extremely low and possibly negative.

The investment objectives and policies of certain Funds may be similar to the investment objectives and policies of other mutual fund portfolios that share a similar name, investment adviser, investment sub-adviser or manager. The investment results of the Fund, however, may be higher, lower and/or unrelated to those mutual funds with shared characteristics. We do not guarantee or make any representation that the investment results of the portfolios will be comparable to any other portfolio, even those with the same investment adviser or manager.

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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.

**Selection of Funds** 

The Funds offered through the Policy are selected by the Company. We review the Funds periodically and may remove a Fund or limit its availability to new premiums 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 Policy 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 Policies.

**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 Policies 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 Policies, 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 Policies. These payments are generally based on a percentage of the daily assets of the Funds under the Policies and other variable policies 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 Policy, its features and the available investment options. Certain Fund Groups may also attend these meetings.

These payments create an incentive for us to offer Funds (or classes of shares of Funds) for which such payments are available to us. We consider such payments, among other things, when deciding to include a Fund (or class of shares of a

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Fund) as an investment option under the Policies. 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 Policy.

If you purchased the Policy through a broker-dealer or other financial intermediary (such as a bank), the Fund Groups may pay the intermediary for services provided with regard to the sale of Fund shares in the Subaccounts under the Policy. 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 Policy (and certain Subaccounts under the Policy) 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 Policy.

**Potential Conflicts** 

The Funds may also be available to separate accounts offering variable annuity and variable life products of other affiliated and unaffiliated insurance companies, as well as our other separate accounts. Although we do not anticipate any disadvantages in 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 that invest 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 policyowners and those of other companies, or some other reason. In the event of conflict, we will take any steps necessary to protect policyowners, including withdrawal of the Variable Account from participation in the Funds which are involved in the conflict or substitution of shares of other Funds.

**FEES, EXPENSES, AND RESTRICTIONS OF THE FUNDS** 

Fund shares are purchased at net asset value, which reflects the deduction of investment management fees and certain other expenses. The management fees are charged by each Fund's investment adviser for managing the Fund and selecting its portfolio of securities. Other Fund expenses can include such items as interest expense on loans and contracts with transfer agents, custodians and other companies that provide services to the Fund and actual expenses may vary.

The Fund fees and expenses are assessed at the Fund level and are not direct charges against Variable Account assets or reductions from Cash Values. These expenses are taken into consideration in computing each Fund's net asset value, which is the share price used to calculate the Unit Values of the Variable Account. Thus, You indirectly bear the fees and expenses of the Funds You select. The table presented earlier shows annual expenses paid by the Funds as a percentage on the average daily net asset value of each Fund.

Certain Funds invest substantially all of their assets in other funds ("funds of funds"). As a result, You will pay fees and expenses at both fund levels, which will reduce your investment return. In addition, funds of funds may have higher expenses than funds that invest directly in debt or equity securities.

The management fees and other expenses of the Funds are more fully described in the Fund Prospectuses. The information relating to the Fund expenses was provided by the Fund and was not independently verified by us.

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.

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**OUR GENERAL ACCOUNT** 

Our general account consists of all of our assets other than those in our variable separate accounts. Subject to applicable law, we have sole discretion over the investment of our general account assets.

The Fixed Account is not a security and the general account is not an investment company. Interests in our general account offered through the Fixed Account have not been registered under the Securities Act of 1933 and our general account has not been registered as an investment company under the Investment Company Act of 1940.

You may allocate net premiums to the Fixed Account and may transfer a portion of your investments in the Variable Sub-Accounts to the Fixed Account. You may also transfer a portion of your investment in the Fixed Account to any of the Variable Sub-Accounts. Transfers may be subject to certain restrictions. See the *Transfer Privileges section* of this prospectus.

An investment in the Fixed Account does not entitle You to share in the investment experience of our general account. Instead, we guarantee that your fixed account investment will accrue interest daily at an effective annual rate of at least 3%, without regard to the actual investment experience of our general account. We may, at our sole discretion, credit a higher rate of interest, but are not obligated to do so.

**INVESTMENT PROGRAMS** 

**Dollar Cost Averaging** 

You may select, at no extra charge, a dollar cost averaging program by allocating a minimum of $5,000 to a Sub-Account designated by us. Each month or quarter, a level amount will be transferred automatically, at no cost, to one or more Variable Sub-Accounts chosen by You, up to a maximum of twelve. The program continues until your Account Value allocated to the program is depleted or You elect to stop the program.

The main objective of a dollar cost averaging program is to minimize the impact of short-term price fluctuations. Since the same dollar amount is transferred to other available Variable Sub-Accounts at set intervals, dollar cost averaging allows You to purchase more Units (and, indirectly, more Fund shares) when prices are low and fewer Units (and, indirectly, fewer Fund shares) when prices are high. Therefore, a lower average cost per Unit may be achieved over the long-term. A dollar cost averaging program allows You to take advantage of market fluctuations. However, it is important to understand that a dollar cost averaging program does not assure a profit or protect against loss in a declining market.

**Asset Rebalancing** 

Once your money has been allocated among the Sub-Accounts, the earnings may cause the percentage invested in each Sub-Account to differ from your allocation instructions. You can direct us to automatically rebalance the Policy among your Sub-Accounts to return to your allocation percentages by selecting our asset rebalancing program. The rebalancing will be on a calendar quarter, semi-annual or annual basis, depending on your instructions. Rebalancing will not occur if the total Sub-Account allocations are less than $1,000.

There is no charge for asset rebalancing. In addition, rebalancing will not be counted against any limit we may place on your number of transfers in a Policy Year. You may not select dollar cost averaging and asset rebalancing at the same time. We reserve the right to modify, suspend or terminate this program at any time. We also reserve the right to waive the $1,000 minimum amount for asset rebalancing.

**Asset Allocation** 

One or more asset allocation programs may be made available in connection with the Policy, at no extra charge. 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

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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. If You elect an asset allocation program, we automatically rebalance your premium payments among the Variable Sub-Accounts represented in the model You choose. We rebalance your premium payments on a quarterly basis, without further instruction from You. Our asset allocation programs are "static" programs. We do not change the original percentage allocations among the Variable Sub-Accounts that are used for rebalancing purposes in your chosen model. We may, however, terminate the program. Owners of any existing asset allocation programs may make an independent decision to change their asset allocations at any time. You should consult your financial adviser periodically to consider whether You wish to change your percentage allocations.

**ABOUT THE POLICY** 

This prospectus describes the standard features of the Policy. The Policy, as issued, may differ in some respects due to the insurance laws and regulations of the state where the Policy is issued.

**Policy Application, Issuance and Initial Premium** 

To purchase a Policy, You must first submit an application to our Service Office. We may then follow certain underwriting procedures designed to determine the insurability of the proposed Insured. We offer the Policy on a regular (medical) underwriting basis and simplified underwriting basis. We may require medical examinations and further information before the proposed application is approved. Simplified underwriting is available to certain groups of Insureds, with all Insureds meeting certain other underwriting requirements. We must pre-approve any simplified underwriting arrangement. The cost of insurance rates are higher for healthy individuals when simplified underwriting is used instead of regular underwriting. Proposed Insureds must be acceptable risks based on our underwriting limits and standards. A Policy cannot be issued until the underwriting process has been completed to our satisfaction. We reserve the right to reject an application that does not meet our underwriting requirements or to increase by no more than 500% the cost of insurance charges applicable to an Insured to cover the cost of the increased mortality risk borne by the Company.

You must specify certain information in the application, including the Specified Face Amount, the death benefit option and supplemental benefits, if any. The Specified Face Amount generally may not be decreased below $100,000-the "Minimum Specified Face Amount."

While your application is being reviewed, we may make available to You temporary life insurance coverage if You have signed a Policy Application and, at that same time, submitted a separate signed application for temporary coverage and made an advance payment. The temporary coverage, if available, begins on the date that separate application for it is signed, has a maximum amount and is subject to other conditions.

Pending approval of your application, any advance payments will be held in our general account. Upon approval of the application, we will issue to You a Policy on the life of the Insured. The *Issue Date* is the date we produce the Policy on our system and is specified in the Policy. The *Investment Start Date* is the date the first premium is applied, which will be the later of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the *Issue Date,* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Policy Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the date a premium is paid equal to or in excess of the specified Initial Premium.

If an application is not approved, we will promptly return all advance payments to You.

**Death Benefit Compliance Test** 

The Policy must, at all times, satisfy one of two legal standards for it to qualify as life insurance and thus be entitled to receive favorable tax treatment under applicable federal tax law. We will refer to these standards as the "Cash Value Accumulation Test" and the "Guideline Premium Test." Under both tests, the Death Benefit must effectively always equal

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or exceed your Account Value multiplied by a certain percentage (the "Death Benefit Percentage"). The Death Benefit Percentages for the Guideline Premium Test vary by age, whereas those for the Cash Value Accumulation Test vary by age and sex. The Death Benefit Percentages for the Cash Value Accumulation Test, in general, are greater than those for the Guideline Premium Test. The Guideline Premium Test imposes limits on the amount of premium You may pay under the Policy, where the Cash Value Accumulation Test does not. You must specify in the Policy application which of these tests will apply to the Policy. You may not change your selection once the Policy has been issued. In general, if your primary objective is maximum accumulation of Account Value during the initial Policy Years, then the Cash Value Accumulation Test would be the more appropriate choice. If your primary objective is the most economically efficient method of obtaining a specified amount of coverage, then the Guideline Premium Test is generally more appropriate. Because your choice of tests depends on complex factors and may not be changed, You should consult with a qualified tax professional before deciding.

**Right of Return Period** 

If You are not satisfied with the Policy, it may be returned by delivering or postmarking it to our Service Office or to the representative from whom the Policy was purchased within 10 days from the date of receipt of the Policy (the "Right of Return Period"). A longer period may apply in some states.

A Policy returned under this provision will be deemed void. You will receive a refund equal to the greater of premium payments made and premium payments made plus money market return, if the Policy indicates this is your right; otherwise, your refund will equal the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the difference between any premium payments made, including fees and charges, and the amounts allocated to the Variable Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the value of the amounts allocated to the Variable Account on the date the cancellation request is received by us at our Service Office; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any fees or charges imposed on amounts allocated to the Variable Account.

Unless the Policy indicates You are entitled to receive a full refund of premiums paid, we will allocate net premium payments to the Sub-Accounts in accordance with your allocation instructions. You bear all of the investment risk during the Right of Return Period.

If the Policy indicates You are entitled to receive a full refund of premiums paid, we will allocate the net premium payments to the MFS® U.S. Government Money Market Portfolio or to our general account, whichever we specify in your Policy. Upon expiration of the number of days in the Right of Return Period, as measured from the Issue Date, plus five days, the Account Value in the MFS® U.S. Government Money Market Portfolio or in the general account, as applicable, will be transferred to the Sub-Accounts in accordance with your allocation instructions.

**Policies delivered in Connecticut, Georgia, Maryland and North Carolina only.** During the first eighteen months (twenty-four months in North Carolina) the Policy is in force, You may exchange it for a flexible premium adjustable life insurance policy issued by Us or an affiliate, the benefits of which do not vary with the investment performance of a separate account. The Account Value of the Policy will be transferred to the new policy. We will not require evidence of insurability for the exchange. To effect an exchange, You must give Us written notice at Our Service Office within this eighteen-month (or twenty-four month) period.

**PREMIUM PAYMENTS** 

All premium payments must be made payable to Delaware Life Insurance Company and mailed to our Service Office. The Initial Premium will be due and payable as of the Policy's Issue Date. The minimum Initial Premium is, generally, two Minimum Monthly Premiums. The amount of Minimum Monthly Premium is determined by the Specified Face Amount, death benefit option election, optional rider election and risk and underwriting classification of the Insured. Additional premium payments may be paid to us subject to the limitations described below. We will not reject any premium payment necessary to maintain coverage and will provide You notice if additional premium is required to maintain coverage.

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**Premium** 

We reserve the right to limit the number of premium payments we accept in a year. No premium payment may be less than $50 without our consent, although we will accept a smaller premium payment if necessary to keep the Policy in force. We reserve the right to reject a premium payment that, if accepted, would cause the Policy, at its current death benefit, to no longer meet the definition of "life insurance" under the Internal Revenue Code. If You provide satisfactory evidence of insurability, we can retain the premium and increase the death benefit while maintaining the Policy's "life insurance" status under the Internal Revenue Code.

We will not accept premium payments that would, in our opinion, cause the Policy to fail to qualify as life insurance under applicable federal tax law. If a premium payment is made in excess of these limits, we will accept only that portion of the premium within those limits, and will refund the remainder to You.

Specified Face Amount increases and decreases will impact the level of premium You need to pay to maintain coverage. Your financial adviser can provide an illustration showing the effects on premium funding of Specified Face Amount changes.

After the policy anniversary on which the Insured is Attained Age 121, we will not accept any more premium payments for the Policy.

**Guideline Premium Test Limitations** 

The Guideline Premium Test limits the amount of premium You may pay per year. We will not accept premium payments that would, in our opinion, exceed these limits, if You have chosen this test as the applicable Death Benefit Compliance Test. We will inform You of the applicable maximum premium limitations for the coming years in our annual report to You. In contrast, the Cash Value Accumulation Test does not impose any additional limitations on the amount of premium You may pay.

**Net Premiums** 

The net premium is the amount You pay as the premium less the Premium Expense Charge. The Premium Expense Charge is a sales load and covers Federal and State tax liabilities related to premium, agent compensation and other at issue costs.

**Allocation of Net Premium** 

Except as otherwise described herein, net premium will be allocated in accordance with your allocation percentages. You must allocate at least 1% of net premium to any Sub-Account You choose. Percentages must be in whole numbers. We reserve the right to limit the number of Sub-Accounts to which You may allocate your Account Value to not more than 20 Sub-Accounts. You may change your allocation percentages at any time by telephone or written request to our Service Office. Telephone requests will be honored only if we have a properly completed telephone authorization form for You on file. We, our affiliates and the representative from whom You purchased the Policy will not be responsible for losses resulting from acting upon telephone requests reasonably believed to be genuine. We will use reasonable procedures to confirm that instructions communicated by telephone are genuine. You will be required to identify yourself by name and a personal identification number for transactions initiated by telephone. An allocation change will be effective as of the date we receive notice of that change.

**Planned Periodic Premiums** 

While You are not required to make additional premium payments according to a fixed schedule, You may select a planned periodic premium schedule and corresponding billing period, subject to our premium limits. We will send You reminder notices for the planned periodic premium at each billing period as specified in the Policy, unless reminder notices have been suspended as described below. You are not required, however, to pay the planned periodic premium; You may increase or decrease the planned periodic premium subject to our limits, and You may skip a planned payment or make unscheduled payments. You may change your planned payment schedule or the billing period, subject to our approval. Depending on the investment performance of the Sub-Accounts You select, the planned periodic premium may not be

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sufficient to keep the Policy in force, and You may need to change your planned payment schedule or make additional payments in order to prevent termination of the Policy. We will suspend reminder notices at your written request, and we reserve the right to suspend reminder notices if premiums are not being paid (except for notices in connection with the grace period). We will notify You prior to suspending reminder notices.

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**OTHER BENEFITS AVAILABLE UNDER THE POLICY** 

**In addition to the standard death benefit associated with your Policy, other standard and/or optional benefits may also be available to you. The following table summarizes information about those benefits. Information about the fees associated with each optional benefit included in the table may be found in the Fee Table.** 

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| | | | |
|:---|:---|:---|:---|
| **Name of** <br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard or**<br> **Optional**<br>| **Brief Description of Restrictions/**<br> **Limitations**<br>|
| **Dollar Cost** <br> **Averaging**<br>| Allows you to allocate to a money market <br> Sub-Account and automatically transfer a <br> fractional amount to one or more <br> Sub-Accounts at regular time intervals <br> until the program is depleted or you elect to <br> stop.<br>| Standard | &nbsp;&nbsp;&nbsp; ●Minimum program allocation of $5,000.<br> ●Program permits transfers to a maximum <br> of 12 Sub-Accounts.<br>●Only monthly or quarterly program <br> transfers.<br>●You cannot select Dollar Cost Averaging <br> and Asset Rebalancing at the same time.<br>|
| **Asset** <br> **Rebalancing**<br>| Allows you to automatically transfer <br> Account Value among the Sub-Accounts to <br> maintain your selected percentage <br> allocations.<br>| Standard | &nbsp;&nbsp;&nbsp; ●Only quarterly, semi-annual or annual <br> rebalancing available.<br>●Requires minimum total Sub-Account <br> allocations of $1,000.<br>●We may waive the minimum allocation.<br> ●We may modify, suspend or terminate <br> the program.<br>●You cannot select Dollar Cost Averaging <br> and Asset Rebalancing at the same time.<br>|
| **Asset** <br> **Allocation**<br>| Allows you to participate in an asset <br> allocation model that we may make <br> available. Each model represents a <br> combination of Sub-Accounts with a <br> different level of risk.<br>| Standard | &nbsp;&nbsp;&nbsp; ●Models are "static," meaning that the <br> percentage allocations among the <br> Sub-Accounts do not change.<br>●Rebalances quarterly.<br> ●You can decide independently to change <br> your asset allocations at any time.<br>●Models may be affected by fund mergers, <br> liquidations, substitutions, or closures.<br>●We may terminate the program. |
| **Planned** <br> **Periodic** <br> **Premiums**<br>| Allows you to elect a voluntary schedule <br> for making premium payments. We will <br> send reminder notices in advance of the <br> planned payments.<br>| Standard | &nbsp;&nbsp;&nbsp; ●Subject to our premium limits.<br> ●Schedule changes are subject to our <br> approval.<br>●We may suspend reminder notices if <br> premiums are not being paid.<br>●Does not prevent lapse. You may need to <br> make additional premium payments even <br> if you pay all planned premiums.<br>|

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| | | | |
|:---|:---|:---|:---|
| **Name of** <br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard or**<br> **Optional**<br>| **Brief Description of Restrictions/**<br> **Limitations**<br>|
| **Policy Loans** | Allows you to take a loan from us against <br> up to 90% of your Policy's Cash Value as <br> collateral.<br>| Standard | &nbsp;&nbsp;&nbsp; ●Account Value held as collateral is held <br> in the Fixed Account.<br>●Policy Debt accrues interest daily at a <br> maximum annual rate of 5%.<br>●Taking a loan will increase the risk of <br> lapse.<br>●Loans reduce the Cash Surrender Value <br> and Policy Proceeds.<br>●Loans may have tax consequences. |
| **No-Lapse** <br> **Guarantee**<br>| Prevents the policy from lapsing during the <br> guarantee period as long as specified <br> minimum premiums are paid.<br>| Standard | &nbsp;&nbsp;&nbsp; ●Prevents policy lapse if, during the <br> guarantee period, policy value is less <br> than the amount of charges due.<br>●Premiums paid minus partial <br> withdrawals minus Policy Debt must <br> exceed the total amount required to meet <br> a specified minimum premium test.<br>●Guarantee period is based on the <br> Insured's age at issue.<br>●Guarantee period ends at the earlier of 20 <br> years (which may vary by state) and <br> when the Insured attains age 80.<br>|
| **Accelerated** <br> **Benefits** <br> **Rider**<br>| Allows you to request payment of up to <br> 75% of the death benefit if the Insured is <br> terminally ill.<br>| Standard | &nbsp;&nbsp;&nbsp; ●Insured's life expectancy must be 12 <br> months or less, though time period may <br> vary by state.<br>●The accelerated benefit payment may be <br> subject to reductions that may vary by <br> state.<br>●Requires proof of eligibility. |
| **Charitable** <br> **Giving** <br> **Benefit Rider**<br>| Allows you to designate a charitable <br> beneficiary to receive an amount equal to <br> 1% of the policy proceeds after the <br> Insured's death.<br>Does not diminish the policy proceeds. | Standard | &nbsp;&nbsp;&nbsp; ●Must be elected at issue.<br> ●The charitable beneficiary must be listed <br> in the Internal Revenue Code as an <br> authorized recipient of charitable <br> contributions.<br>|
| **Waiver of** <br> **Monthly** <br> **Deductions** <br> **Rider**<br>| Provides a waiver of monthly policy <br> charges for all months in which the Insured <br> suffers a total disability.<br>| Optional | &nbsp;&nbsp;&nbsp; ●There is a charge for this rider.<br> ●Must be elected at issue.<br> ●Cannot elect both the Waiver of Monthly <br> Deductions Rider and the Payment of <br> Stipulated Amount Rider.<br>●Disability must begin while this rider is <br> in force and continue for 6 months.<br>●Requires proof of eligibility. |

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| | | | |
|:---|:---|:---|:---|
| **Name of** <br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard or**<br> **Optional**<br>| **Brief Description of Restrictions/**<br> **Limitations**<br>|
| **Payment of** <br> **Stipulated** <br> **Amount** <br> **Rider**<br>| Provides for us to make monthly additions <br> to Account Value while the Insured suffers <br> a total disability.<br>| Optional | &nbsp;&nbsp;&nbsp; ●There is a charge for this rider.<br> ●Must be elected at issue.<br> ●You must choose the amount of the <br> monthly payment on your application.<br>●Payments continue while the disability <br> continues but no later than the end of the <br> payment option at the Insured's age 65 or <br> 70.<br>●Does not guarantee that Account Value <br> will be sufficient to keep the policy in <br> force.<br>●Cannot elect both the Waiver of Monthly <br> Deductions Rider and the Payment of <br> Stipulated Amount Rider.<br>●Disability must begin while this rider is <br> in force and continue for 6 months.<br>●Requires proof of eligibility. |
| **Enhanced** <br> **Cash** <br> **Surrender** <br> **Value Rider**<br>| Provides a waiver of surrender changes on <br> partial withdrawals, full surrenders, and <br> Specified Face Amount decreases.<br>| Optional | &nbsp;&nbsp;&nbsp; ●There is a charge for this rider.<br> ●Must be elected at issue.<br> ●Cannot be discontinued by you.<br> ●Does not provide a waiver for surrenders <br> made as part of a tax-free exchange.<br>●Cannot elect both the Enhanced Cash <br> Surrender Value Rider and the Long <br> Term Accumulation Rider.<br>|
| **Loan Lapse** <br> **Protection** <br> **Rider**<br>| &nbsp;&nbsp;&nbsp; Protects the policy from lapse if the <br> amount of Policy Debt becomes the near <br> equivalent of Account Value on or after the <br> Rider Exercise Date, which is the earliest <br> date on which all of the following have <br> occurred:<br>●Insured is age 75 or older<br> ●Policy has been in force for 15 years<br> ●Policy debt is greater than Specified Face <br> Amount<br>●Policy debt is 96% or more of Account <br> Value<br>●No more than 30% of policy debt is <br> attributable to loan activity in the <br> previous 36 months<br>●The sum of withdrawals equals the sum <br> of premiums paid<br>●We have received your request to <br> exercise the rider<br>Automatically attached to every Policy that <br> elects the Guideline Premium Test for <br> determining federal tax treatment.<br>| Standard | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ●Not available unless the Policy elected <br> the Guideline Premium Test for <br> determining federal tax treatment.<br>●There is a charge if this rider is <br> exercised.<br>●Once the rider is exercised:<br> ●All Account Value transfers <br> irrevocably to the Fixed Account<br> ●No additional premium will be <br> accepted<br> ●No additional increases or decreases to <br> Specified Face Amount<br> ●Death Benefit equals 105% of Account <br> Value<br> ●Monthly charges cease<br> ●All supplemental riders terminate <br> other than the Accelerated Benefits <br> Rider<br>●Tax consequences of exercising this rider <br> are uncertain.<br>|

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| | | | |
|:---|:---|:---|:---|
| **Name of** <br> **Benefit**<br>| **Purpose** | **Is Benefit**<br> **Standard or**<br> **Optional**<br>| **Brief Description of Restrictions/**<br> **Limitations**<br>|
| **Long Term** <br> **Accumulation** <br> **Rider**<br>| Pays an annual asset credit starting on the <br> 16th policy anniversary.<br>Asset credit is a percentage of Account <br> Value less Policy Debt.<br>Waives surrender charges and reduces or <br> eliminates mortality and expense risk <br> charges.<br>Designed for owners who desire high <br> Account Value through the long-term life <br> of the Policy.<br>| Optional | &nbsp;&nbsp;&nbsp; ●Must be elected at issue.<br> ●Cannot be discontinued by you.<br> ●Significantly increases certain policy <br> charges (Premium Expense Charge, <br> Monthly Expense Charge, Monthly Cost <br> of Insurance Charge).<br>●No asset credit will be paid unless the <br> Policy's persistency, mortality experience <br> and expense assumptions are at least as <br> favorable as those assumed by the <br> Company at issue.<br>●No guaranteed minimum asset credit.<br> ●Cannot elect both the Enhanced Cash <br> Surrender Value Rider and the Long <br> Term Accumulation Rider.<br>|
| **Supplemental** <br> **Insurance** <br> **Rider**<br>| Provides additional life insurance by <br> combining term coverage with your base <br> policy coverage.<br>Includes option to schedule increases in the <br> supplemental face amount without <br> requiring future evidence of insurability.<br>| Optional | &nbsp;&nbsp;&nbsp; ●There is a charge for this rider.<br> ●Additional underwriting requirements <br> may apply if rider is elected after issue.<br>●Scheduled face amount increases are <br> only available if you elect death benefit <br> option A.<br>●Scheduled increases terminate if you <br> change from death benefit option A.<br>●Scheduled increases terminate if you <br> decrease the face amount.<br>●No-Lapse Guarantee applies to this rider <br> for only 5 years, and not for the <br> No-Lapse Guarantee Period on the base <br> policy.<br>●Rider terminates when the Insured <br> reaches Attained Age 121.<br>|
| **Travel** <br> **Assistance** <br> **Endorsement**<br>| Provides designated services through a <br> third party when the covered person is <br> more than 100 miles from home. Services <br> may include:<br>●Medical consultation and evaluation<br> ●Hospital admission guarantee<br> ●Emergency evacuation<br> ●Critical care monitoring<br> ●Medically supervised repatriation<br> ●Prescription assistance<br> ●Emergency messaging<br> ●Emergency counselling<br> ●Transportation to join a patient<br> ●Care for minor children<br> ●Legal and interpreter referrals<br> ●Return of mortal remains | Standard | ●May not be available in all states |

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**DEATH BENEFIT** 

If the Policy is in force at the time of the Insured's death, we will pay the beneficiary an amount based on the death benefit option in effect once we have received Due Proof of the Insured's death. The amount payable will be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the amount of the selected death benefit option, **plus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any amounts payable under any supplemental benefits added to the Policy, **minus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the value of any Policy Debt on the date of the Insured's death, **minus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any overdue monthly deductions if death occurs during a grace period.

We will pay this amount to the beneficiary in one lump sum, unless we and the beneficiary agree on another form of settlement. You may select between three death benefit options. You may change the death benefit option at any time.

**Death Benefit Options** 

The Policy has three death benefit options. You will be required to select one of them in the Policy application. A Policy will not be issued unless a death benefit option election is made.

**Option A-Specified Face Amount.** Under this option, the death benefit is *the greater of:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Policy's Specified Face Amount, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Account Value multiplied by the applicable death benefit percentage shown in the Policy.

**Option B-Specified Face Amount Plus Account Value.** Under this option, the death benefit is *the greater of:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Specified Face Amount plus the Account Value, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Account Value multiplied by the applicable death benefit percentage shown in the Policy.

**Option C-Specified Face Amount Plus Sum of Premiums Paid.** Under this option, the death benefit is *the greater of:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Specified Face Amount plus the sum of all premiums paid, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Account Value multiplied by the applicable death benefit percentage shown in the Policy.

Option A provides a level amount of death benefit. Option B provides a fluctuating amount of death benefit due to the inclusion of the Account Value. While Option B provides a different death benefit than Option A, the monthly deduction for cost of insurance charges will be higher based on the Policy Net Amount at Risk. Option C also provides a higher death benefit than Option A and may result in a higher monthly deduction for cost of insurance charges depending upon actual premium payments made. Ask your financial adviser for an illustration to compare costs between Option B and Option C.

**Changes in the Death Benefit Option** 

You may request a change in the death benefit option. Changes in the death benefit option are subject to Our underwriting rules in effect at the time of change. Requests for a change must be made in writing to Us. The effective date of the change will be the Anniversary on or next following the date We approve your request. Changing the death benefit option may have tax consequences. You should consult a qualified tax professional before changing the death benefit option.

If You change from Option A to Option B, the Specified Face Amount will be decreased by an amount equal to the Policy's Account Value on the effective date of the change. If You change from Option B to Option A, the Specified Face Amount will be increased by an amount equal to the Policy's Account Value on the effective date of change.

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Option C can only be changed to Option A. Neither Option A nor B can be changed to Option C. The amount of the death benefit on the effective date of the change will not be altered but the change in death benefit option will affect the determination of the death benefit from that point on.

**Changes in Specified Face Amount** 

You may increase or decrease the Specified Face Amount of the Policy within certain limits. Changing the Specified Face Amount may have tax consequences. You should consult a qualified tax professional before any change to the Specified Face Amount.

**Minimum Changes.** Each increase in the Specified Face Amount must be at least $10,000. We reserve the right to change the minimum amount by which You may change the Specified Face Amount.

**Increases.** After the first policy anniversary, You may request an increase in the Specified Face Amount. You must provide satisfactory evidence of the Insured's insurability. The cost of insurance charges and monthly expense charges applicable to an increase in Specified Face Amount may be higher or lower than those charged on the original sums if the Insured's health has changed to a degree that qualifies the Insured for a different risk classification. Additional policy specification pages will be provided to show the applicable guaranteed maximum cost of insurance charges applicable to any increase. Once requested, an increase will become effective at the next policy anniversary following our approval of your request. The Policy does not allow for an increase if the Insured's Attained Age is greater than 80 on the effective date of the increase. Your financial adviser can provide an illustration to show the level of premium funding necessary to maintain coverage at the increased Specified Face Amount.

**Decreases.** The Specified Face Amount can be decreased after the first policy anniversary. A decrease will become effective at the beginning of the next Policy Month following our approval of your request. The Specified Face Amount after the decrease must be at least $100,000. Surrender charges will apply to decreases in the Specified Face Amount during the surrender charge period except for decreases in the Specified Face Amount resulting from a change in the death benefit option or a partial withdrawal. For purposes of determining surrender charges and later cost of insurance charges, we will apply a decrease in Specified Face Amount in the following order:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● first, to the most recent increase;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● second, to the next most recent increases, in reverse chronological order; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● finally, to the initial Specified Face Amount.

If the Supplemental Insurance Rider is in effect, the Supplemental Insurance Rider Face Amount will be reduced prior to any reductions in the Specified Face Amount.

**ACCESSING YOUR ACCOUNT VALUE** 

**Surrenders and Surrender Charges** 

You may surrender the Policy for its Cash Surrender Value at any time while the Insured is living. If You do, the insurance coverage and all other benefits under the Policy will terminate. If You surrender the Policy and receive its Cash Surrender Value, You may incur surrender charges, taxes and tax penalties.

*Cash Surrender Value* is the Policy's Account Value less the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the outstanding balance of any Policy Debt; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any surrender charges.

We will deduct surrender charges from your Account Value if You surrender the Policy or request a decrease in the Specified Face Amount during the surrender charge period. There are separate surrender charges for the initial Specified Face Amount and any increase in the Specified Face Amount You request. The surrender charge period will start on the

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Policy's Issue Date and on the effective date for the increase, respectively. We will determine your Cash Surrender Value at the next close of business on the New York Stock Exchange after we receive your written request for surrender at our Service Office.

If You surrender the Policy in the first 10 years or within the first 10 years after an increase in the Specified Face Amount, we will apply a surrender charge to the initial Specified Face Amount and to each increase in the Specified Face Amount other than an increase resulting from a change in the death benefit option. The surrender charge will be calculated separately for the initial Specified Face Amount and each increase in the Specified Face Amount. The surrender charge will be an amount based on the Policy's Specified Face Amount, the length of time the Policy has been in force and the length of time an increase in the Specified Face Amount has been in effect, the Insured's Issue Age, sex and rating class. The following are examples of surrender charges at representative Issue Ages.

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| | | |
|:---|:---|:---|
| **First Year Surrender Charges**<br> **Per $1,000 of Specified Face Amount**<br> (Super-Preferred Non-tobacco Male) | **First Year Surrender Charges**<br> **Per $1,000 of Specified Face Amount**<br> (Super-Preferred Non-tobacco Male) | **First Year Surrender Charges**<br> **Per $1,000 of Specified Face Amount**<br> (Super-Preferred Non-tobacco Male) |
| **Issue Age 25** | **Issue Age 35** | **Issue Age 45** |
| $3.25 | $4.92 | $7.76 |
| **Issue Age 55** | **Issue Age 65** | **Issue Age 75** |
| $12.74 | $21.91 | $40.14 |

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The surrender charge will be calculated based on the surrender charge percentages for the initial Specified Face Amount and each increase in the Specified Face Amount as shown in the table below.

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| | |
|:---|:---|
| **Year** | &nbsp;&nbsp; **Surrender Charge**<br> **(as a Percentage of the**<br> **First Year Surrender Charge)**<br>|
| 1 | 100.0 |
| 2 | 100.0 |
| 3 | 90.0 |
| 4 | 75.0 |
| 5 | 70.0 |
| 6 | 60.0 |
| 7 | 45.0 |
| 8 | 35.0 |
| 9 | 20.0 |
| 10 | 7.0 |
| 11+ | 0.0 |

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A surrender charge will be applied for each decrease in the Specified Face Amount except for decreases in the Specified Face Amount resulting from a change in death benefit option or partial withdrawal. These surrender charges will be applied in the following order:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● first, to the most recent increase;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● second, to the next most recent increases, in reverse chronological order; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● third, to the initial Specified Face Amount.

On a decrease in the initial Specified Face Amount, You will pay a proportion of the full surrender charge based on the ratio of the face amount decrease to the initial Specified Face Amount. The surrender charge You pay on a decrease that is less than the full amount of an increase in Specified Face Amount will be calculated on the same basis. Future surrender charges will be reduced by any incurred for a decrease in the Specified Face Amount. Surrender charges will be allocated proportionally among the Sub-Accounts.

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Surrendering your Policy may have tax consequences. See the *Federal Income Tax Considerations* section of this prospectus.

**Partial Withdrawals** 

You may make a partial withdrawal from the Policy once each Policy Month after the first Policy Year by written request to us. Each partial withdrawal must be for at least $500.

If the applicable death benefit option is Option A or C, the Specified Face Amount will be decreased by the amount of the partial withdrawal. We will apply the decrease to the initial Specified Face Amount and to each increase in Specified Face Amount in the following order:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● first, to the initial Specified Face Amount, up to the $100,000 minimum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● second, to the oldest increases in Specified Face Amount, in chronological order; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● third, to the most recent increase in Specified Face Amount.

If the Supplemental Insurance Rider is in effect, the Supplemental Insurance Rider Face Amount will be reduced prior to any reductions in the Specified Face Amount.

Unless You specify otherwise, the partial withdrawal will be allocated proportionally among the Sub-Accounts. We will not accept requests for a partial withdrawal if the Specified Face Amount remaining in force after the partial withdrawal would be less than the minimum Specified Face Amount. A partial withdrawal will be allocated to a Variable Sub-Account at the Unit Value of that Variable Sub-Account next determined after receipt of the partial withdrawal request. A partial withdrawal may result in taxes and tax penalties. See the *Federal Income Tax Considerations* section of this prospectus.

**Policy Loans** 

Using the Policy as collateral, You may request a policy loan of up to 90% of the Policy's Cash Value, decreased by the amount of any outstanding Policy Debt on the date the policy loan is made. The Policy will terminate for no value subject to a grace period if the Policy Debt exceeds the Cash Value. During the No-Lapse Guarantee Period, however, the Policy will not terminate if it satisfies the minimum premium test. The Loan Lapse Protection Rider may also prevent Policy termination. Although the No-Lapse Guarantee and the Loan Lapse Protection Rider may prevent Policy termination, the conditions under which they apply differ widely, including the length of time the Policy has been in force and the age of the policyowner. Please see the *No-Lapse Guarantee* section and the *Loan Lapse Protection Rider* section for additional detail.

You may allocate the policy loan among the Sub-Accounts. If You do not specify the allocation, then the policy loan will be allocated proportionally among the Sub-Accounts. Loan amounts allocated to the Variable Sub-Accounts will be transferred to the Fixed Account. We will periodically credit interest at an effective annual rate of 3% on the loaned values of the Fixed Account.

Interest on the policy loan will accrue daily at 4% annually during Policy Years 1 through 10. If the LTA Rider is attached to the Policy, loan interest is 3.0% in Policy Year 11 and thereafter. If the LTA Rider is not attached to the Policy, loan interest is 3.5% in Policy Year 11 and thereafter. This interest will be due and payable to us in arrears on each policy anniversary. Any unpaid interest will be added to the principal amount as an additional policy loan and will bear interest at the same rate and will be assessed in the same manner as the prior policy loan.

Policy loans may have tax consequences, particularly if your Policy is classified as a Modified Endowment Contract. See the *Federal Income Tax Considerations* section of this prospectus.

**Note: The Cash Surrender Value and the Policy Proceeds are reduced by the amount of any outstanding Policy Debt.** 

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All funds we receive from You will be credited to the Policy as premium unless we have received written notice, in a form satisfactory to us, that the funds are for loan repayment. In the event You have a loan against the Policy, it is generally advantageous to repay the loan rather than make a premium payment because premium payments incur expense charges whereas loan repayments do not. Loan repayments will first reduce the outstanding balance of the policy loan and then accrued but unpaid interest on such loans.

A policy loan, whether or not repaid, will affect the Policy Proceeds payable upon the Insured's death and the Account Value because the investment results of the Sub-Accounts will apply only to the non-loaned portion of the Account Value. The longer a loan is outstanding, the greater the effect is likely to be and, depending on the investment results of the Sub-Accounts while the loan is outstanding, the effect could be favorable or unfavorable.

**TRANSFER PRIVILEGES** 

Subject to the above special restrictions and to our rules as they may exist from time to time and to any limits that may be imposed by the Funds, You may at any time transfer to another Sub-Account all or a portion of the Account Value allocated to a Sub-Account. There is usually no charge imposed on transfers; however, we reserve the right to impose a transfer charge of $15 for each transfer above 12 transfers in any Policy Year. We will make transfers pursuant to an authorized written or telephone request to us. Telephone requests will be honored only if we have a properly completed telephone authorization form for You on file. We, our affiliates and the representative from whom You purchased the Policy will not be responsible for losses resulting from acting upon telephone requests reasonably believed to be genuine. We will use reasonable procedures to confirm that instructions communicated by telephone are genuine. For transactions initiated by telephone, You will be required to identify yourself by name and a personal identification number.

Transfers may be requested by indicating the transfer of either a specified dollar amount or a specified percentage of the Fixed Account or the Variable Sub-Account's value from which the transfer will be made. If You request a transfer based on a specified percentage of the Fixed Account or the Variable Sub-Account's value, that percentage will be converted into a request for the transfer of a specified dollar amount based on application of the specified percentage to the Fixed Account or the Variable Sub-Account's value at the time the request is received. We reserve the right to limit the number of Sub-Accounts to which You may allocate your Account Value to not more than 20.

An acceptable transfer request will be executed as of the date our Service Office receives your request provided that it is received on a Valuation Date before the close of the NYSE. An "acceptable transfer request" is one that is authorized by a person with proper authority, provides clear instruction to the Company, as administrator of the Variable Account, and is for a transaction that is not restricted by policies and procedures of the Variable Account, the Fund or us. If an acceptable transfer request is received on a day that is not a Valuation Date or after the close of the NYSE on a Valuation Date, it will be executed effective on the next Valuation Date. The Unit Value of Variable Sub-Accounts affected by a transfer request will be that next determined after receipt of such transfer request.

Transfer privileges are subject to our consent. We reserve the right to impose limitations on transfers, including, but not limited to: (1) the minimum amount that may be transferred; (2) the frequency of transfers; and (3) the minimum amount that may remain in a Sub-Account following a transfer from that Sub-Account. We will notify You in writing of any such limitations. If your Policy so states in its text or via endorsement, thirty days must elapse between each transfer.

Transfers from the Fixed Account to the Variable Sub-Accounts are limited to one transfer annually of no more than 25% of the value of the Fixed Account at the end of the prior Policy Year or $5,000, whichever is greater. We reserve the right to restrict amounts transferred to the Fixed Account from the Variable Sub-Accounts. Note: This transfer restriction may prolong the period of time it takes to transfer your Account Value in the Fixed Account to the Sub-Accounts and, therefore, You should carefully consider whether investment in the Fixed Account meets your needs and investment criteria.

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**Short-Term Trading** 

**The Policy is not designed for short-term trading. If You wish to employ such strategies, do not purchase a Policy. Transfer limits and other restrictions, described below, are subject to our ability to monitor transfer activity. Some Owners 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 Owners or intermediaries or curtail their trading.** A failure to detect and curtail short-term trading could result in adverse consequences to Owners. Short-term trading can increase costs for all Owners 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 discourage frequent transfers of Account Value. The Policy includes limiting the number and timing of certain transfers, subject to exceptions described in that section and exceptions designed to protect the interest of individual Owners. The Company also reserves the right to charge a fee for transfers.

Short-term trading activities whether by an individual, a firm or a third party authorized to initiate transfer requests on behalf of Owner(s) may be subject to other restrictions as well (including transfers to and from the Fixed Account). For example, we reserve the right to take actions against short-term trading which restrict your transfer privileges more narrowly than the policies described under "Transfer Privileges", 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 into a Fund.

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. In particular, we will treat as short-term trading activity and refuse to process any transfer that is requested by an authorized third party within 30 days of a previous transfer (whether the earlier transfer was requested by You or a third party acting on your behalf). We may also impose special restrictions on third parties that engage in reallocations of Policy values. We may limit the frequency of the transfer and prohibit exchanges into a Fund.

Should transfer instructions provide for a redemption out of a Fund with purchase into a Fund that is restricted, the policyowner's transfer instructions will be considered a request that is not in Good Order. Therefore, neither side of the requested transaction will be honored. We will provide You notice that the transfer instructions were not executed.

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 and other of the Company's contract owners and Owners, in the following instances:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when the Owner changes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when control of the Policy passes to the designated beneficiary upon the death of the Insured;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● when necessary in our view to avoid hardship to an Owner;

&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 Owners to certain risks. The short-term trading could increase costs for all Owners 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. Unless the short-term trading policy and the permitted waivers of that policy are applied uniformly, some Owners may experience a different application of the policy and therefore may experience some of these risks. 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.

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**The Funds' Trading Policies** 

In addition to the restrictions that we impose (as described above under Short-Term Trading and below under Transfer Privileges), most of the Funds have adopted restrictions or other policies about transfers or other purchases and sales of the Funds' 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 premium payments and transfers under your Policy) or removed from the Fund (including by way of withdrawals and transfers). 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) into 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. 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 above under Short-Term Trading and below under Transfer Privileges. 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 an investment option.

**ACCOUNT VALUE** 

Your Account Value is the sum of the values of each Variable Sub-Account plus the value of the Fixed Account. The Account Value varies depending upon the Premiums paid, Premium Expense Charges, Mortality and Expense Risk Charges, Monthly Expense Charges, Monthly Cost of Insurance charges, partial withdrawals, fees, policy loans and the net investment factor.

The minimum guaranteed interest rate applicable to the values in the Fixed Account is 3% annually. Interest in excess of the guaranteed rate may be applied in such a manner as we may determine, based on our expectations of future interest, mortality costs, persistency, expenses and taxes. Interest credited will be computed on a compound interest basis.

**Account Value of the Variable Sub-Accounts** 

We measure the amounts in the Variable Sub-Accounts in terms of Units and Unit Values. On any given date, the amount You have in a Variable Sub-Account is equal to the Unit Value multiplied by the number of Units credited to You in that Variable Sub-Account. Amounts allocated to a Variable Sub-Account will be used to purchase Units of that Variable Sub-Account. Units are redeemed when You make partial withdrawals, undertake policy loans or transfer amounts from a Variable Sub-Account, and for the payment of Monthly Expense Charges, Monthly Cost of Insurance charges, Mortality and Expense Risk Charges and other fees. The number of Units of each Variable Sub-Account purchased or redeemed is determined by dividing the dollar amount of the transaction by the Unit Value for the Variable Sub-Account. A *Valuation Date* is any day on which the NYSE is open for business and valuation will occur at the close of the NYSE. The NYSE historically closes on weekends and the following holidays: New Year's Day, Martin Luther King, Jr. Day, Washington's

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Birthday, Good Friday, Memorial Day, Juneteenth National Independence Day, Labor Day, Thanksgiving and Christmas. For the first Valuation Date of each Variable Sub-Account, the Unit Value is established at $10.00. The Unit Value for any subsequent Valuation Date is equal to the Unit Value for the preceding Valuation Date multiplied by the net investment factor (determined as provided below). The Unit Value of a Variable Sub-Account for any Valuation Date is determined as of the close of the *Valuation Period* ending on that Valuation Date. The *Valuation Period* is the period of time from one determination of Unit Values to the next.

If accompanied by proper allocation instructions, a premium received in Good Order at our Service Office is credited to the Policy on the same date it is received unless that date is not a Valuation Date or receipt is after the close of the NYSE on a Valuation Date. In those instances, the premium will be credited on the next Valuation Date. If premium is to be allocated to a Variable Sub-Account, the Unit Value of the Variable Sub-Account will be that next determined after receipt of such premium.

The *Investment Start Date* is the date we apply your first premium payment, which will be the later of the Issue Date, the Policy Date or the Valuation Date we receive a premium equal to or in excess of the Initial Premium.

The Account Value on the *Investment Start Date* equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the net premium received, **minus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the monthly deductions due on the Policy Date and subsequent Monthly Anniversary Days through the Investment Start Date charged to the Variable Sub-Accounts and the Fixed Account.

The Account Value on subsequent Valuation Dates is equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Account Value attributable to each Variable Sub-Account on the preceding Valuation Date, multiplied by that Sub-Account's Net Investment Factor, **plus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the value of the Fixed Account on the preceding Valuation Date, accrued at interest, **plus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● that portion of Net Premium received and allocated to a Sub-Account during the current Valuation Period, **plus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any amounts transferred by You to a Sub-Account from another Sub-Account during the current Valuation Period, **minus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any amounts transferred by You from a Sub-Account to another Sub-Account during the current Valuation Period, **minus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● that portion of any Partial Withdrawal deducted from a Sub-Account during the current Valuation Period, **plus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any amounts transferred among the Sub-Accounts for a Policy loan, **minus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● that portion of any surrender charges associated with a decrease in the Specified Face Amount charged to a Sub-Account during the current Valuation Period, **minus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● if a Processing Date, that portion of the Monthly Deductions charged to the Sub-Account for the Policy Month.

**Net Investment Factor** 

The *net investment factor* for each Variable Sub-Account for any Valuation Period is the quotient of (1) divided by (2) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) is the net result of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the net asset value of a Fund share held in the Variable Sub-Account determined as of the end of the Valuation Period, **plus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the per share amount of any dividend or other distribution declared on Fund shares held in the Variable Sub-Account if the "ex-dividend" date occurs during the Valuation Period, **plus or minus** 

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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;● a per share credit or charge with respect to any taxes reserved for by us, or paid by us if not previously reserved for, during the Valuation Period which are determined by us to be attributable to the operation of the Variable Sub-Account; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) is the net asset value of a Fund share held in the Variable Sub-Account determined as of the end of the preceding Valuation Period.

The "ex-dividend date" is the date after which a Fund share begins trading without the dividend.

The net investment factor may be greater or less than one.

**Splitting Units** 

We reserve the right to split or combine the value of Units. In effecting any such change, strict equity will be preserved and no change will have a material effect on the benefits or other provisions of the Policy.

**Insufficient Value** 

The Policy may terminate if your Account Value minus Policy Debt is insufficient to pay all charges and deductions then due. The Policy will terminate for no value, subject to a grace period described below if, on a Processing Date, the Policy's Account Value less Policy Debt is less than or equal to zero.

Policy termination will not occur if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. You pay premium sufficient to keep the Policy in force prior to the end of the grace period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. You are within the No-Lapse Guarantee Period and you have paid sufficient premium to satisfy the "minimum premium test" described below; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Loan Lapse Protection Rider is in effect and all conditions thereunder have been met.

**Grace Period** 

If, on a Valuation Date, the Policy will terminate by reason of insufficient value, we will allow a grace period. This grace period will allow 61 days from that Valuation Date for the payment of a premium sufficient to keep the Policy in force. Notice of premium due will be mailed to your last known address and the last known address of any assignee of record. We will assume that your last known address is the address shown on the Policy Application (or notice of assignment), unless we receive written notice of a change in address in a form satisfactory to us. If the premium due is not paid within 61 days after the beginning of the grace period, then the Policy and all rights to benefits will terminate without value at the end of the 61 day period. The Policy will continue to remain in force during this grace period. If the Policy Proceeds become payable by us during the grace period, then any overdue monthly deductions will be deducted from the amount payable by us.

**No-Lapse Guarantee** 

A No-Lapse Guarantee will eliminate the impact of poor investment performance and risk of Policy termination because the Account Value is not used to determine if lapse has occurred. If You pay sufficient premiums to satisfy the minimum premium test described below the Policy will not lapse. The length of time your No-Lapse Guarantee is in effect is called the No-Lapse Guarantee Period and is determined by the Insured's Issue Age and the planned periodic premium You pay. The No-Lapse Guarantee Period can be as long as 20 years (depending on your state) or until the Insured attains age 80, whichever occurs first.

The annual report You receive will advise whether the premiums paid meet the minimum premium test, and, if no further premium is received, how long the No-Lapse Guarantee will last.

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**Minimum Premium Test** 

A Policy satisfies the minimum premium test if the premiums paid less any partial withdrawals less any Policy Debt exceed the sum of the "Minimum Monthly Premiums" which applied to the Policy in each Policy Month from the Policy Date to the Valuation Date.

The applicable Minimum Monthly Premiums are specified in the Policy and are determined based on the length of time of the No-Lapse Guarantee Period and the Insured's Issue Age. If a Policy does not satisfy the minimum premium test, additional premium is required to keep the Policy in force.

Ask your financial adviser for illustrations to show how different premium funding levels for your Policy will determine the length of the No-Lapse Guarantee Period.

**CHARGES AND DEDUCTIONS** 

The monthly deductions described below are the Premium Expense Charges, Mortality and Expense Risk Charges, Monthly Expense Charges, Monthly Costs of Insurance, and the charges for any supplemental benefits.

There are no monthly deductions after the policy anniversary on which the Insured is Attained Age 121.

**Premium Expense Charge** 

We will deduct a Premium Expense Charge from each premium payment upon receipt. Three and one-quarter percent of the charge is used to pay federal, state and local tax obligations and does not vary by state. The remainder of the Premium Expense Charge is a sales load used for agent compensation and other at issue costs. If the LTA Rider is not attached to the Policy, the current Premium Expense Charge is 6.50% in all Policy Years and will not exceed 8.25%. If the LTA Rider is attached to the Policy, the Premium Expense Charge is currently 15.00% in all Policy Years and is guaranteed not to exceed 15.00% in any Policy Year.

**Mortality and Expense Risk Charge** 

This charge is for the mortality and expense risks we assume with respect to the Policy. It is a percentage of the Account Value of the Variable Sub-Accounts and, unless You direct otherwise, is deducted proportionally from the Account Value of the Sub-Accounts each month. We may realize a profit from this charge.

If the LTA Rider is not attached to the Policy, the current Mortality and Expense Risk Charge percentage is 0.60% annually for Policy Years 1 through 5 and 0.12% annually thereafter. The Charge is guaranteed not to exceed those levels for Policies without the LTA Rider.

If the LTA Rider is attached to the Policy, the current Mortality and Expense Risk Charge is 0.00%. Should a Mortality and Expense Charge be imposed, it will not exceed 0.25% annually.

The mortality risk we assume is that the group of lives insured under the Policies may, on average, live for shorter periods of time than we estimated. The expense risk we assume is that our costs of issuing and administering Policies may be more than we estimated.

**Monthly Expense Charge** 

We will deduct from your Account Value monthly a charge of $8.00 in all years and a monthly charge based on the Specified Face Amount for the first 5 Policy Years following the issuance of the Policy and the first 5 Policy Years following the effective date of each increase in the Specified Face Amount, if any, based on the amount of the increase. Minimum and maximum Monthly Expense Charges are shown in the Fee Table. The Monthly Expense Charge is based on the Issue Age, sex and rating class of the Insured and is higher if the LTA Rider is attached to the Policy. Unless You

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direct otherwise, the Monthly Expense Charges will be deducted proportionally from the amounts in the Sub-Accounts and covers administration expenses and issuance costs. The illustration provided at time of application will show your specific Monthly Expense Charge.

**Monthly Cost of Insurance** 

We deduct a Monthly Cost of Insurance charge from your Account Value to cover anticipated costs of providing insurance coverage. We may realize a profit from this charge. Unless You direct otherwise, the Monthly Cost of Insurance deduction will be charged proportionally to the amounts in the Sub-Accounts.

The Monthly Cost of Insurance equals the sum of (1), (2) and (3) where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) is the Monthly Cost of Insurance rate times the Total Net Amount at Risk divided by 1,000\*;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) is the monthly rider cost for any riders which are a part of the Policy (i.e. Waiver of Monthly Deductions, Payment of Stipulated Amount, Supplemental Insurance, Enhanced Cash Surrender Value); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) is any additional insurance charge calculated, as specified in the Policy, for substandard risk classifications, which can be up to 500% of the charge shown in the Fee Table.

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\*

Item (1) above is expressed algebraically as: the Monthly Cost of Insurance rate x [Total Net Amount at Risk ÷ 1000]. Please see Appendix B - Glossary of Terms, for definitions of the Total Net Amount at Risk and its components.

The Total Net Amount at Risk equals:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the death benefit divided by 1.00247; **minus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● your Account Value on the Processing Date prior to assessing the monthly deductions.

The Total Net Amount at Risk is affected by the performance of the Sub-Accounts to which premium is allocated, the cumulative premium paid, any Policy Debt, any partial withdrawals, transaction fees and periodic charges.

If there are increases in the Specified Face Amount other than increases caused by changes in the death benefit option, the cost of insurance charge described above is determined separately for the initial Specified Face Amount and each increase in the Specified Face Amount. In calculating the Total Net Amount at Risk, your Account Value will first be allocated to the initial death benefit and then to each increase in the Specified Face Amount in the order in which the increases were made. It is necessary to allocate Account Value in this manner as different Monthly Cost of Insurance Charges may apply to the initial death benefit and each increase in Specified Face Amount. By way of example, assume the initial death benefit is $500,000, there is a later increase in Specified Face Amount of $400,000 and the Account Value is $600,000. The net amount at risk of the initial death benefit is $500,000 divided by 1.00247 less $500,000 of Account Value divided by 1.00247. The Account Value must be divided at this stage by 1.00247 because it is incorrect to assign more Account Value than there is initial death benefit. To determine the net amount at risk of the $400,000 Specified Face Amount increase, we take the $400,000 and divide by 1.00247 then subtract the remaining Account Value of $101,232 (which is the result of $600,000 less $500,000 divided by 1.00247 from the initial death benefit net amount at risk calculation). So the net amount at risk of the initial death benefit is zero and the net amount at risk of the Specified Face Amount increase is $297,782.

**Monthly Cost of Insurance Rates** 

The Monthly Cost of Insurance rates (except for any such rate applicable to an increase in the Specified Face Amount) are currently based on the length of time the Policy has been in force and the Insured's sex (in the case of non-unisex Policies), Issue Age and rating class. The Monthly Cost of Insurance rates applicable to each increase in the Specified Face Amount are currently based on the length of time the increase has been in force and the Insured's sex (in the case of non-unisex Policies), Issue Age and rating class. The Monthly Cost of Insurance rates will, however, be determined by us from time to time based on our expectations of future experience with respect to mortality costs, persistency, interest rates, expenses and taxes. The rates for the Policy will not exceed the Guaranteed Maximum Monthly Cost of Insurance Rates based on the 2001 Commissioners Standard Ordinary Smoker and Nonsmoker Mortality Tables. The rates for the Policy if the LTA

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Rider is attached will not exceed the Guaranteed Maximum Monthly Cost of Insurance Rates based on the 2001 Commissioners Standard Ordinary Aggregate Mortality Tables. The 2001 Commissioners Standard Ordinary Aggregate Mortality Tables blend smoker and nonsmoker mortality and are generally higher than the rates under the 2001 Commissioners Standard Ordinary Smoker and Nonsmoker Mortality Tables. The 2001 Commissioners Standard Ordinary Aggregate Mortality Tables permit greater Policy funding without violating the Guideline Premium Test so a policyowner who wishes to heavily fund their Policy, as with the LTA Rider, would prefer application of these Tables.

**Other Charges and Deductions** 

Interest charged on outstanding loans as well as the interest credited to loaned values of the Fixed Account is more fully described in the section entitled "Policy Loans" above. Additionally, a flat extra charge may apply if an Insured is a substandard risk. The flat extra charge is determined by our underwriting guidelines and varies proportional to the degree of additional mortality risk borne by the Company. A flat extra charge will not exceed $20.00 per $1000 of Total Net Amount at Risk. It is deducted from the Account Value on a monthly basis and covers the additional mortality risk of the Insured borne by the Company. A definition of "flat extra" is provided in Appendix B - Glossary of Terms.

**Reduced Charges** 

We reserve the right to reduce the Premium Expense Charge, Monthly Expense Charge and Mortality and Expense Risk Charge. We will provide You prompt notice of any reduction. Reductions will be based on uniformly applied criteria that do not discriminate unfairly against any person.

**SUPPLEMENTAL BENEFITS** 

The following supplemental benefit riders may be available in your state. Each rider is subject to certain limitations and termination provisions. Any rider charges imposed are necessary to cover the expenses borne by the Company for providing the additional benefits provided by the riders. For additional information on the riders, please ask your financial adviser.

**Accelerated Benefits Rider** 

Under this rider, we will pay You, at your written request in a form satisfactory to us, an "accelerated benefit" if the Insured is terminally ill. An Insured is considered "terminally ill" if the Insured has a life expectancy of 12 months or less due to illness or physical condition. (This time period may be more or less in some states.)

The accelerated benefit payment will be equal to that portion of the Policy's death benefit requested by You, not to exceed 75% of the amount of the death benefit, subject to certain reductions. Reductions to the accelerated benefit payment vary by state and may include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. a 12 month discount percentage which will not exceed the greater of the current yield on 90-day Treasury bills and the current maximum statutory adjustable loan interest rate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. the amount of Policy Debt in excess of the Accelerated Amount; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. an administrative fee of $150.

This rider automatically attaches to every Policy at no charge.

**Charitable Giving Benefit Rider** 

Under this rider, when Policy Proceeds are payable, we will pay a Charitable Gift Amount to the named Charitable Beneficiary. The Charitable Gift Amount is 1% of the Specified Face Amount and is an additional payment that does not diminish the Policy Proceeds paid to your beneficiary. The Charitable Beneficiary may be any organization considered exempt from federal taxation under Section 501(c) of the Internal Revenue Code and is listed in Section 170(c) of the Internal Revenue Code as an authorized recipient of charitable contributions. The Charitable Gift Amount and the

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Charitable Beneficiary in effect on the Issue Date are shown in the Policy. The rider must be elected at issue and can be discontinued upon written request to the Company. There is no charge for this rider.

**Waiver of Monthly Deductions Rider** 

Under this rider, we will waive the monthly deductions for the Policy and any optional riders for all months for which the Insured suffers a total disability, if the Insured's total disability commences while this rider is in force and continues for six months. We will continue to waive the monthly deductions for as long as the disability continues. Waiver of monthly deductions means the Account Value will not be reduced by any monthly deductions each Monthly Anniversary Day during the period of total disability. We must receive due proof of the Insured's total disability and due proof that the total disability has been continuous for six months before we will waive the monthly deductions. At that time, we will reverse the monthly deductions which had been taken for the past months of total disability and waive all monthly deductions going forward until total disability ceases. We may require from time to time additional proof that the disability is continuing, but not more frequently than once per year after the disability has continued for two years. The rider charge is deducted monthly from the Account Value. We use a Company-developed proprietary pricing table to determine the factor that corresponds with the Insured's Issue Age and multiply this factor by each $1000 of Specified Face Amount and $1000 of Supplemental Insurance Rider Face Amount. The rider must be elected at issue and may be discontinued upon written request to the Company. If the rider is discontinued, the rider charge will cease. If You elect this rider, You may not elect the Payment of Stipulated Amount Rider.

**Payment of Stipulated Amount Rider** 

Under this rider, we will make a monthly payment of the "stipulated amount" into the Account Value when the Insured suffers a total disability, if the Insured's total disability commences while this rider is in force and continues for six months. You elect the stipulated amount on the application. We will continue to make a payment of that amount for as long as the disability continues but no later than the duration of the payment option elected (Insured's age 65 or 70). Payment of the stipulated amount does not guarantee that the Account Value of the Policy will be sufficient to keep the Policy in force. We must receive due proof of the Insured's total disability and due proof that the total disability has been continuous for six months before we will make a payment. At that time, we will credit the Account Value with the stipulated payment at the beginning of each month of past total disability and will credit the Account Value with the stipulated payment at the beginning of each month total disability continues. We may require from time to time additional proof that the disability is continuing, but not more frequently than once per year after the disability has continued for two years. The rider charge is deducted monthly from the Account Value. We use a Company-developed proprietary pricing table to determine the factor that corresponds with the Insured's Issue Age and sex and multiply that factor by each $100 of stipulated amount. The rider charge will cease for the term the stipulated amount is being paid. The rider must be elected at issue and may be discontinued upon written request to the Company. If the rider is discontinued, the rider charge will cease. The rider may not be elected if the Waiver of Monthly Deductions Rider has been elected.

**Enhanced Cash Surrender Value Rider** 

This rider provides a waiver of surrender charges and thus is appropriate for policyowners who seek to preserve the ability to access cash surrender values during the surrender charge period. If this rider is attached to the Policy, there are no surrender charges applicable to partial withdrawals, full surrenders or Specified Face Amount decreases. Surrender charges will not be waived if the surrender is part of an exchange under Section 1035 of the Internal Revenue Code.

We use a Company-developed proprietary pricing table to determine the factor that corresponds with the Insured's Issue Age, sex and rating class and multiply that factor by each $1000 of Specified Face Amount to determine the applicable charge for this rider. The rider must be elected at issue and may not be discontinued. The Enhanced Cash Surrender Value Rider may not be elected if the LTA Rider has been elected as surrender charges would already be waived by the LTA Rider.

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**Loan Lapse Protection Rider** 

This rider is designed to protect the Policy from lapse should Policy Debt become the near equivalent of the Account Value. Under this rider, the Policy will not terminate for insufficient value on and after the Rider Exercise Date. The Rider Exercise Date is the earliest date on which all the following have occurred:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Insured is 75 or older;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Policy has been in force at least 15 years;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the outstanding Policy Debt is greater than the Specified Face Amount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the outstanding Policy Debt equals or exceeds 96% of the Account Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● not more than 30% of the Policy Debt has been a result of loan activity in the 36 months immediately preceding the Rider Exercise Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the sum of withdrawals made equals the sum of premiums paid; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● we have received your request to exercise the rider.

The rider charge is an administrative charge that applies on the Rider Exercise Date and equals the excess of 99.5% of the Account Value over the Policy Debt. By way of example, if the Account Value is $1,000,000 and the Policy Debt is $970,000, the charge is $25,000 which is the difference between 99.5% of the Account Value and the Policy Debt.

On the Rider Exercise Date, after deduction of the rider charge from the Account Value, the following will occur:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Account Value in the Variable Sub-Accounts will be irrevocably transferred to the Fixed Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The Death Benefit will be changed to equal 105% of the Account Value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Monthly Deductions will cease;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● No further premium will be accepted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Specified face amount increases and decreases will no longer be permitted; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● All supplemental riders (other than the accelerated benefit rider) will terminate.

The rider automatically attaches to every Policy that has elected the Guideline Premium Test and may be discontinued upon written request to the Company.

You should be aware that the tax consequences of the Loan Lapse Protection Rider are uncertain. You should consult a qualified tax professional about the tax consequences of the Loan Lapse Protection Rider. Please see the *Federal Income Tax Considerations* section of this prospectus.

**Long Term Accumulation Rider ("LTA" Rider)** 

This rider is designed for policyowners who desire high Account Values throughout the long-term life of the Policy. Consistent with that goal, they seek to heavily fund the Policy in the early Policy Years. Heavily funding the Policy in the early years provides an opportunity for longer term growth of a larger asset base. A Policy with this rider will be less costly over the longer term than a Policy without this rider because Account Values should be higher and there is currently no Mortality and Expense Risk Charge. The maximum Mortality and Expense Risk Charge is also less than the maximum Mortality and Expense Risk Charge for a Policy without this rider. The absence or reduction in the Mortality and Expense Risk Charge partially offsets the other higher charges, described below, which is expected but not guaranteed to be positive or to far exceed the costs of this rider.

Under this rider, surrender charges under the Policy will be waived and an asset credit will be paid on the Asset Credit Date and each policy anniversary thereafter. The Asset Credit Date is the 16th policy anniversary. The Asset Credit Date is shown in the Policy.

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The asset credit will be paid if the Policy's persistency, mortality experience and expense assumptions are at least as favorable as that assumed by the Company on the Issue Date. It is calculated as a percentage of Account Value less Policy Debt. There is no guaranteed minimum asset credit. There is no separate charge for this rider but attachment of the rider to the Policy changes the Premium Expense Charge, Monthly Cost of Insurance Charge, Monthly Mortality and Expense Risk Charge and the Monthly Expense Charge.

The Premium Expense Charge and Monthly Expense Charge are significantly higher for a Policy with this rider. Although this rider contemplates a long-term investment, it also provides less costly access to cash surrender values in the early Policy Years by virtue of the net effect of the waiver of the surrender charge outweighing the higher Premium Expense Charge and Monthly Expense Charge. In the first three Policy Years, the impact to net premium and Account Value is less than the reduction to Cash Surrender Value should a surrender occur during the surrender charge period and surrender charges were not waived. Thereafter, the Premium Expense Charge and Monthly Expense Charge impact to net premium and Account Value is greater than any reduction to Cash Surrender Value due to an imposition of surrender charges.

Please see the Fee Table to determine how charges vary with rider attachment. The rider must be elected at issue and may not be discontinued. If You elect the rider, You may not elect the Enhanced Cash Surrender Value Rider.

Although both the Enhanced Cash Surrender Value Rider and the LTA Rider waive surrender charges, they differ in core benefit provided. The LTA Rider's core benefit is on the potential asset credit that may be paid in Policy Years 16 and thereafter. Thus, the Enhanced Cash Surrender Value Rider is for policyowners who may wish to access cash surrender values in the early Policy Years and the LTA Rider is for policyowners who anticipate retaining assets under the Policy over the long term. In addition, a policyowner should not elect the LTA Rider if his/her focus is more on death benefit protection and there is anticipation of minimally funding the Policy over several years. In that instance, the Enhanced Cash Surrender Value Rider would be a better rider election.

**Supplemental Insurance Rider** 

This rider provides for additional insurance on the life of the Insured by combining term coverage with the underlying variable universal life ("base policy") coverage. The rider charge covers the cost of insurance charges we incur for the insurance coverage provided by this rider. Those cost of insurance charges are generally lower than the cost of insurance charges that apply to insurance coverage under the base policy, as are our selling costs, including commissions.

By combining coverage under this rider with base policy coverage, You may be able to buy the same amount of death benefit for less premium than if You had purchased an all base policy. If this rider is combined with base policy coverage, the same amount of premium paid for the combined coverage as for an all base policy will generate faster cash value accumulation within the base policy. Additional underwriting requirements may be imposed at the time of rider election, which may occur after issue.

For Policies with an Investment Start Date on or after January 26, 2009, and if approved by your state insurance regulator, You may choose to schedule increases in the Supplemental Insurance Rider Face Amount at time of Policy application. No further evidence of insurability needs to be provided at the time increases are scheduled to go into effect. Further, no deterioration in the Insured's health will negatively impact future scheduled increases. Persons interested in scheduled increases are generally those who are matching their insurance coverage amounts to their income and anticipate annual increases in compensation. The amounts of scheduled increases and the dates those increases take effect are shown in the Policy Specifications section of the Policy. You must have elected death benefit option A to have this rider and elect scheduled increases. If You have elected scheduled increases and change from death benefit option A, further scheduled increases will be cancelled. If You elect a decrease in the Specified Face Amount or the Supplemental Insurance Rider Face Amount, future scheduled increases will be cancelled.

The No-Lapse Guarantee will apply to this rider for five years and not for the No-Lapse Guarantee Period on the base policy, if longer. This rider will terminate at the policy anniversary on which the Insured reaches Attained Age 121. Base policy coverage will continue beyond Attained Age 121 provided there is cash value in the Policy when the Insured reaches Attained Age 121. If a key objective is application of the No-Lapse Guarantee to insurance coverage under both the base Policy and this rider for a long period of time, supplementing the Policy with this rider may therefore not be appropriate.

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The Cost of Insurance rates used to determine the monthly rider charge deduction from the Account Value are based on the length of time the rider has been in force and the Insured's sex (in the case of non-unisex Policies), Issue Age and rating class. The rates will be determined by us from time to time based on our expectations of future experience with respect to mortality costs, persistency, interest rates, expenses and taxes. The rates for the rider will not exceed the Guaranteed Maximum Monthly Cost of Insurance Rates based on the 2001 Commissioners Standard Ordinary Smoker and Nonsmoker Mortality Tables. The rates for the rider if the LTA Rider also attaches to the Policy will not exceed the Guaranteed Maximum Monthly Cost of Insurance Rates based on the 2001 Commissioners Standard Ordinary Aggregate Mortality Tables. The 2001 Commissioners Standard Ordinary Aggregate Mortality Tables blend smoker and nonsmoker mortality and are generally higher than the rates under the 2001 Commissioners Standard Ordinary Smoker and Nonsmoker Mortality Tables. The 2001 Commissioners Standard Ordinary Aggregate Mortality Tables permit greater Policy funding without violating the Guideline Premium Test so a policyowner who wishes to heavily fund their Policy, as with the LTA Rider, would prefer application of these Tables.

You may discontinue this rider upon written request to the Company. If discontinued, the rider charge will cease.

**Travel Assistance Endorsement** 

This endorsement permits Covered Persons to avail themselves of some or all of the following services provided by a third party we designate when the Covered Person is 100 miles or more away from home:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Medical Consultation and Evaluation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Hospital Admission Guarantee

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Emergency Evacuation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Critical Care Monitoring

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Medically Supervised Repatriation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Prescription Assistance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Emergency Message Transmission

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Emergency Trauma Counseling

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Transportation to Join Patient

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Care for Minor Children

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Legal and Interpreter Referrals

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Return of Mortal Remains

"Covered Persons" are defined as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) For a Policy which is not trust-owned, the Insured and their dependents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For a Policy which is trust-owned, the Insured and their dependents only if the trustee, in his/her sole and exclusive discretion, elects to make the Covered Services available.

The endorsement automatically attaches to every Policy and is provided at no charge. Ask your financial adviser for the brochure that provides additional detail about the Endorsement.

**Termination of Policy** 

The Policy will terminate on the earlier of the date we receive (in Good Order) your request to surrender, the expiration date of the Grace Period without payment of premium due or the date of death of the Insured.

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**Reinstatement** 

Before the Insured's death, we may reinstate the Policy provided that the Policy has not been surrendered and You:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● make a request for reinstatement within three years from the date of termination;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● submit satisfactory evidence of insurability to us; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● pay an amount, as determined by us, sufficient to put the Policy in force.

An amount sufficient to put the Policy in force is not less than:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the monthly deductions overdue at the end of the grace period; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any excess of Policy Debt over Cash Value at the end of the grace period; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● three times the monthly cost of insurance charges applicable at the date of reinstatement; plus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● three times the monthly expense charges applicable at the date of reinstatement.

During the No-Lapse Guarantee Period, an amount sufficient to put the Policy in force is the amount necessary to meet the minimum premium test. Any Policy Debt at the time the Policy terminated must be repaid at time of reinstatement or carried over to the reinstated Policy.

**Deferral of Payment** 

We will usually pay any amount due from the Variable Account within seven days after the Valuation Date following our receipt of written notice satisfactory to us giving rise to such payment or, in the case of death of the Insured, Due Proof of such death. Payment is subject to our rights under the Policy's incontestability and suicide provisions. Payment of any amount payable from the Variable Account on death, surrender, partial withdrawal or policy loan may be postponed whenever:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the New York Stock Exchange is closed other than customary weekend and holiday closing, or trading on the NYSE is otherwise restricted, as determined by the Securities and Exchange Commission;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Securities and Exchange Commission, by order, permits postponement for the protection of policyowners;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● an emergency exists as determined by the Securities and Exchange Commission, as a result of which disposal of securities is not reasonably practicable, or it is not reasonably practicable to determine the value of the assets of the Variable Account; or

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

In addition, 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.

If You have submitted a recent check or draft, we have the right to defer payment of surrenders, partial withdrawals, or death benefit proceeds until such check or draft has been honored.

We may defer payment from the Fixed Account for a period up to six months. 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 premium payment and/or block a Policy and thereby refuse to pay any request for transfers, withdrawals, surrenders, loans 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.

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**Rights of Owner** 

While the Insured is alive, unless You have assigned any of these rights, You may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● transfer ownership to a new owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● name a contingent owner who will automatically become the owner of the Policy if You die before the Insured;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● change or revoke a contingent owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● change or revoke a beneficiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● exercise all other rights in the Policy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● increase or decrease the Specified Face Amount, subject to the other provisions of the Policy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● change the death benefit option, subject to the other provisions of the Policy.

When You transfer your rights to a new owner, You automatically revoke any prior contingent owner designation. When You want to change or revoke a prior beneficiary designation, You have to specify that action. You do not affect a prior beneficiary when You merely transfer ownership, or change or revoke a contingent owner designation.

You do not need the consent of a beneficiary or a contingent owner in order to exercise any of your rights. However, You must give us written notice satisfactory to us of the requested action. Your request will then, except as otherwise specified herein, be effective as of the date You signed the form, subject to any action taken before we received it.

Every state has unclaimed property laws which generally declare life insurance policies to be abandoned after a period of inactivity of three to five years from the policy's maturity 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.

**Rights of Beneficiary** 

The beneficiary has no rights in the Policy until the death of the Insured. If a beneficiary is alive at that time, the beneficiary will be entitled to payment of the Policy Proceeds as they become due.

**OTHER POLICY PROVISIONS** 

**Addition, Deletion or Substitution of Investments** 

We may decide to add new Variable Sub-Accounts at any time. Also, shares of any or all of the Funds may not always be available for purchase by the Variable Account, or we may decide that further investment in any such shares is no longer appropriate. In either event, shares of other registered open-end investment companies or unit investment trusts may be substituted both for Fund shares already purchased by the Variable Account and/or as the security to be purchased in the future, provided that these substitutions have been approved by the Securities and Exchange Commission, to the extent necessary. In addition, the investment policies of the Variable Sub-Accounts will not be changed without the approval of the Insurance Commissioner of the State of Delaware. We also reserve the right to eliminate or combine existing Variable Sub-Accounts or to transfer assets between Variable Sub-Accounts, subject to the approval of the Securities and Exchange Commission. In the event of any substitution or other act described in this paragraph, we will notify You and make any appropriate amendments to the Policy to reflect the substitution.

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**Entire Contract** 

Your entire contract with us consists solely of the Policy, including the attached copy of the Policy Application and any attached copies of supplemental applications and any riders and endorsements.

**Alteration** 

Financial advisers do not have any authority to either alter or modify the Policy or to waive any of its provisions. The only persons with this authority are our president, actuary, secretary or one of our vice presidents.

**Modification** 

Upon notice to You, we may modify the Policy if such a modification:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● is necessary to make the Policy or the Variable Account comply with any law or regulation issued by a governmental agency to which we are or the Variable Account is subject;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● is necessary to assure continued qualification of the Policy under the Internal Revenue Code or other federal or state laws as a life insurance policy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● is necessary to reflect a change in the operation of the Variable Account or the Sub-Accounts; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● adds, deletes or otherwise changes Variable Sub-Account options.

When required, approval of the Securities and Exchange Commission will be obtained.

We also reserve the right to modify certain provisions of the Policy as stated in those provisions. In the event of any such modification, we may make appropriate amendments to the Policy to reflect such modification.

**Assignments** 

During the lifetime of the Insured, You may assign all or some of your rights under the Policy. All assignments must be filed at our Service Office and must be in written form satisfactory to us. The assignment will then be effective as of the date You signed the form, subject to any action taken before we acknowledge receipt. We are not responsible for the validity or legal effect of any assignment.

**Nonparticipating** 

The Policy does not pay dividends. The Policy does not share in our profits or surplus earnings.

**Misstatement of Age or Sex (Non-Unisex Policy)** 

If the age or sex (in the case of a non-unisex Policy) of the Insured is stated incorrectly, the amounts payable by us will be adjusted as follows:

Misstatement discovered at death - The death benefit will be recalculated to that which would be purchased by the most recently charged Monthly Cost of Insurance rate for the correct age or sex (for a non-unisex Policy).

Misstatement discovered prior to death - Your Account Value will be recalculated from the Policy Date using the Monthly Cost of Insurance Rates based on the correct age or sex (for a non-unisex Policy).

**Suicide** 

If the Insured, whether sane or insane, commits suicide within two years after the Policy's Issue Date, we will not pay any part of the Policy Proceeds. We will refund the premiums paid, less the amount of any Policy Debt and any partial withdrawals. If the Insured, whether sane or insane, commits suicide within two years after the effective date of an increase in the Specified Face Amount, then our liability as to that increase will be the cost of insurance for that increase.

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**Incontestability** 

All statements made in the application or in a supplemental application are representations and not warranties. We relied and will rely on those statements when approving the issuance, increase in face amount, increase in death benefit over premium paid, change in death benefit option or reinstatement of the Policy. No statement can be used by us in defense of a claim unless the statement was made in the application or in a supplemental application. In the absence of fraud, after the Policy has been in force during the lifetime of the Insured for a period of two years from its Issue Date, we cannot contest it except for non-payment of premiums. However, any increase in the face amount which is effective after the Issue Date will be incontestable only after such increase has been in force during the lifetime of the Insured for two years from the effective date of such increase. Any increase in death benefit over premium paid or increase in death benefit due to a death benefit option change will be incontestable only after such increase has been in force during the lifetime of the Insured for two years from the date of the increase. Any reinstatement will be incontestable after the reinstated Policy has been in force during the lifetime of the Insured for two years from the effective date of the reinstatement.

**Report to Owner** 

We will send You a report at least once each Policy Year. The report will show current policy values, premiums paid and deductions made since the last report. It will also show the balance of any outstanding policy loans and accrued interest on such loans. There is no charge for this report. Additionally, confirmations of individual transactions (e.g. premium payments, allocations, transfers) in the Policy will be sent at the time of the transaction.

**FEDERAL INCOME TAX CONSIDERATIONS** 

The following is a summary of our understanding of current federal income tax laws and is not intended as tax advice. You should be aware that Congress has the power to enact legislation affecting the tax treatment of life insurance contracts which could be applied retroactively. New judicial or administrative interpretation of federal income tax law may also affect the tax treatment of life insurance contracts. The Internal Revenue Code of 1986, as amended (the "Code"), is not in force in the Commonwealth of Puerto Rico but certain residents of Puerto Rico may be subject to the Code's income tax provisions. Thus, this summary will apply to their Policies. For those residents not subject to such Code provisions, (1) some references in this summary will not apply to their Policies and (2) due to IRS Rev. Rul. 2004-75, as amplified by Rev. Rul. 2004-97, we will treat Puerto Rico Policy distributions and withdrawals occurring on and after January 1, 2005, as U.S.-source income that is subject to U.S. income tax withholding and reporting.

Any person contemplating the purchase of a Policy or any transaction involving a Policy should consult a qualified tax professional. **We do not make any representation or provide any guarantee regarding the federal, state or local tax treatment of any Policy or any transaction involving a Policy.** 

**Our Tax Status** 

We are taxed as a life insurance company under Subchapter L of the Code. Although we account for the operations of the Variable Account separately from our other operations for purposes of federal income taxation, the Variable Account currently is not separately taxable as a regulated investment company or other taxable entity.

Taxes we pay, or reserve for, that are attributable to the earnings of the Variable Account could affect the Net Investment Factor, which in turn affects your Account Value. Under existing federal income tax law, however, the income (consisting primarily of interest, dividends and net capital gains) of the Variable Account, to the extent applied to increase reserves under the Policy, is not taxable to us. Similarly, no state or local income taxes are currently attributable to the earnings of the Variable Account. Therefore, we do not take any federal, state or local taxes into account when determining the Net Investment Factor. We may take taxes into account when determining the Net Investment Factor in future years if, due to a change in law, our tax status or otherwise, such taxes are attributable to the earnings of the Variable Account.

In calculating our corporate income tax liability, we derive certain corporate income tax benefits associated with the investment of company assets, including separate account assets that are treated as company assets under applicable income tax law. These benefits, which reduce our overall corporate income tax liability, may include dividends received

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deductions and foreign tax credits which can be material. We do not pass these benefits through to the Variable Account, principally because: (i) the great bulk of the benefits results from the dividends received deduction, which involves no reduction in the dollar amount of dividends that the Variable Account receives and (ii) under applicable income tax law, policyowners are not the owners of the assets generating the benefits.

**Taxation of Policy Proceeds** 

Section 7702 of the Code provides certain tests for whether a policy will be treated as a "life insurance contract" for tax purposes. Provided that the policyowner of the Policy has an insurable interest in the Insured, we believe that the Policy meets these tests, and thus should receive the same federal income tax treatment as a fixed life insurance contract. As such, the Death Benefit under the Policy will generally be eligible for exclusion from the gross income of the beneficiary under Section 101 of the Code, and the policyowner will not be deemed to be in constructive receipt of the increases in Cash Surrender Values, including additions attributable to interest, dividends, appreciation or gains realized upon transfers among the Sub-Accounts and the Fixed Account, until actual receipt thereof.

**However, You may be taxed on all of the accumulated income under the Policy on its maturity date and there can be no assurance that an election to extend the maturity date of the Policy will avoid that result.** 

To qualify as a life insurance contract under Section 7702, the Policy must satisfy certain actuarial requirements. Section 7702 requires that actuarial calculations be based on mortality charges that meet the "reasonable mortality charge" requirements set forth in the Code, and other charges reasonably expected to be actually paid that are specified in the Policy. The law relating to reasonableness standards for mortality and other charges is based on statutory language and certain IRS pronouncements that do not address all relevant issues. Accordingly, although we believe that the mortality and other charges that are used in the calculations (including those used with respect to Policies issued to so-called "sub-standard risks") meet the applicable requirements, we cannot be certain. It is possible that future regulations will contain standards that would require us to modify the mortality and other charges used in the calculations, and we reserve the right to make any such modifications.

IRS Notice 2016-63 provides special guidance concerning the "reasonable mortality charge" requirement contained in § 7702(c)(3)(B)(i) of the Internal Revenue Code by providing safe harbors regarding the use of the 1980 CSO, 2001 CSO, and 2017 CSO mortality tables. The Notice modifies and supersedes Notice 2006-95. These safe harbors are designed to assist taxpayers in complying with the requirements of § 7702(c)(3)(B)(i). In general, the Notice provides that a mortality charge with respect to a life insurance contract will satisfy the requirements of section 7702(c)(3)(B)(i) so long as (1) the mortality charge does not exceed 100 percent of the applicable mortality charge set forth in the 2017 CSO tables; (2) the mortality charge does not exceed the mortality charge specified in the contract at issuance; and (3) either (a) the contract is issued after December 31, 2019, or (b) the contract is issued before January 1, 2020, in a state that permits or requires the use of the 2017 CSO tables at the time the contract is issued. The Notice also provides that if the only change to an existing contract is a reduction or deletion of benefits provided under the contract, such a change will not affect the determination of the issue date of the contract for purposes of the reasonable mortality charge safe harbor. If we determine that the safe harbor does not include a particular change, we will not permit You to make such change since to do so could cause your Policy to not qualify as life insurance under Section 7702. Before requesting a change, You should consult with a qualified tax professional on the potential impact of IRS Notice 2016-63.

For a variable contract like the Policy to qualify as life insurance for federal income tax purposes, it also must comply with the investment diversification rules found in Section 817 of the Code. We believe that the Variable Account complies with the diversification requirements prescribed by Section 1.817-5 of the Treasury Regulations. The IRS has stated that satisfaction of the diversification requirements described above by itself does not prevent a contract owner from being treated as the owner of separate account assets under an "owner control" test. If a contract owner is treated as the owner of separate account assets for tax purposes, the contract owner would be subject to taxation on the income and gains from the separate account assets. In published revenue rulings through 1982 and then again in 2003, the IRS has stated that a variable contract owner will be considered the owner of separate account assets if the owner possesses incidents of ownership in those assets, such as the ability to exercise control over the investment of the assets. In Rev. Rul. 2003-91, the IRS considered certain variable annuity and variable life insurance contracts and concluded that the owners of the variable contracts would not be considered the owners of the contracts underlying assets for federal income tax purposes.

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Rev. Rul. 2003-91 states that the determination of whether the owner of a variable contract possesses sufficient incidents of ownership over the assets underlying the variable contract so as to be deemed the owner of those assets for federal income tax purposes will depend on all the facts and circumstances. We do not believe that the differences between the Policy and the contracts described in Rev. Rul. 2003-91 with respect to the number of investment choices and the ability to transfer among investment choices should prevent the holding in Rev. Rul. 2003-91 from applying. Nevertheless, You should consult with a qualified tax professional on the potential impact of the "owner control" rules of the IRS as they relate to the investment decisions and activities You may undertake with respect to the Policy.

The guidelines in Rev. Rul. 2003-91 do not address the treatment of a policyholder which is, or which is affiliated with, an investment manager. Any investment manager or affiliate who purchases a Policy assumes the risk that it may be treated as the owner of the investments underlying the Policy under the "owner control" rules because of the investment manager's control over assets held under the Policy. However, the diversification rules would permit an investment manager (or its affiliate) to hold a direct investment in an investment option under the Policy in certain limited circumstances. We do not believe that the application of the "owner control" rules to an investment manager (or its affiliate) should affect You.

IRS Notice 2016-32 provides guidance to taxpayers regarding the diversification requirements under section 817(h) of the Code for a segregated asset account that invests in a money market fund (MMF) that is a government MMF. The Notice states that variable contracts should be able to offer government MMFs as an investment option and that Treasury and the IRS intend to amend Treas. Reg. section 1.817-5. In the meantime, taxpayers may rely on an alternative diversification requirement under Treas. Reg. section 1.817-5(e) that states that a segregated asset account is adequately diversified for purposes of section 817(h) if (1) no policyholder has investor control; and (2) either (a) the account itself is a government MMF under SEC Rule 2a–7(a)(14); or (b) the account invests all of its assets in an "investment company, partnership, or trust" as defined in Treas. Reg. section 1.817-5(f)(1) that satisfies the criteria of Treas. Reg. section 1.817-5(f)(2) and qualifies as a government MMF under SEC Rule 2a–7(a)(14).

In the future, the IRS and/or the Treasury Department may issue new rulings, interpretations or regulations on this subject. Accordingly, we reserve the right to modify the Policy as necessary to attempt to prevent You from being considered the owner, for tax purposes, of the underlying assets. We also reserve the right to notify You if we determine that it is no longer practicable to maintain the Policy 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.

The tax consequences of distributions from, and loans taken from or secured by, a Policy depend on whether the Policy is classified as a Modified Endowment Contract under Section 7702A of the Code. Due to the flexibility of the payment of premiums and other rights You have under the Policy, classification of the Policy as a Modified Endowment Contract will depend upon the individual operation of each Policy. A Policy is a Modified Endowment Contract if the aggregate amount paid under the Policy at any time during the first seven Policy Years exceeds the sum of the net level premiums that would have been paid on or before such time if the Policy provided for paid up future benefits after the payment of seven level annual premiums. If there is a reduction in benefits during the first seven Policy Years, the foregoing computation is made as if the Policy originally had been issued at the reduced benefit level. If there is a "material change" to the Policy, the seven year testing period for Modified Endowment Contract status is restarted. A material change may occur, for example, unless there is an increase in the death benefit due to the payment of an unnecessary premium. Unnecessary premiums are premiums paid into the Policy that are not needed to provide a death benefit equal to the lowest death benefit payable in the first seven Policy Years. A life insurance contract received in exchange for a Modified Endowment Contract also will be treated as a Modified Endowment Contract.

We have undertaken measures to prevent payment of a premium from inadvertently causing the Policy to become a Modified Endowment Contract. In general, You should consult a qualified tax professional before undertaking any transaction involving the Policy to determine whether such a transaction would cause the Policy to become a Modified Endowment Contract.

If a Policy is not a Modified Endowment Contract, cash distributions from the Policy are treated first as a nontaxable return of the owner's Investment in the Policy (as defined below) and then as a distribution of the income earned under the Policy, which is subject to ordinary income tax. (An exception to this general rule occurs when a cash distribution is made

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in connection with certain reductions in the death benefit under the Policy in the first fifteen contract years. Such a cash distribution is taxed in whole or in part as ordinary income.) Loans from, or secured by, a Policy that is not a Modified Endowment Contract generally are treated as bona fide indebtedness, and thus are not included in the owner's gross income. However, the tax treatment of loans from such a Policy after the tenth Policy Year is uncertain. You should consult a qualified tax professional regarding such loans.

If a Policy is a Modified Endowment Contract, distributions from the Policy are treated as ordinary income subject to ordinary income tax up to the amount equal to the excess of the Account Value (which includes unpaid policy loans) immediately before the distribution over the Investment in the Policy (as defined below). Loans taken from, or secured by, such a Policy, as well as due but unpaid interest thereon, are taxed in the same manner as distributions from the Policy. A 10% additional tax is imposed on the portion of any distribution from, or loan taken from or secured by, a Modified Endowment Contract that is included in income except when the distribution or loan is made on or after the owner attains age 59 <sup>1</sup>∕2, is attributable to the policyowner's becoming disabled, or is part of a series of substantially equal periodic payments for the life (or life expectancy) of the policyowner or the joint lives (or joint life expectancies) of the policyowner and the policyowner's Beneficiary. These exceptions are not likely to apply where the Policy is not owned by an individual (or held in trust for an individual). For purposes of the computations described in this paragraph, all Modified Endowment Contracts issued by us to the same policyowner during any calendar year are treated as one Modified Endowment Contract. If a Policy becomes a Modified Endowment Contract, distributions that occur during the Policy Year will be taxed as distributions from a Modified Endowment Contract. In addition, distributions from a Policy within two (2) years before it becomes a Modified Endowment Contract may be taxed retroactively as distributions from a Modified Endowment Contract.

There are substantial limits on the deductibility of policy loan interest. You should consult a qualified tax professional regarding such deductions.

Upon the complete maturity, surrender or lapse of the Policy, the amount by which the sum of the Policy's Cash Surrender Value and any unpaid Policy Debt exceeds the policyowner's Investment in the Policy (as defined below) is treated as ordinary income subject to tax and, if the Policy is a Modified Endowment Contract, the 10% additional tax discussed above may also apply. Any loss incurred upon surrender generally is not deductible. Any corporation that is subject to the alternative minimum tax will also have to make a separate computation of the Investment in the Policy and the gain resulting from the maturity of the Policy, or a surrender or lapse of the Policy for purposes of that tax.

The term "Investment in the Policy" means-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the aggregate amount of any premiums or other consideration paid for a Policy, **minus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the aggregate amount received under the Policy which is excluded from the policyowner's gross income (other than loan amounts), **plus** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the amount of any loan from, or secured by, the Policy that is a Modified Endowment Contract (as defined above) to the extent that such amount is included in the policyowner's gross income.

The "Investment in the Policy" is increased by any unpaid Policy Debt on a Policy that is a Modified Endowment Contract in order to prevent double taxation of income. Since the Policy Debt was treated as a taxable distribution at the time the Policy Debt was incurred, the failure to increase the "Investment in the Policy" by the Policy Debt would cause such amount to be taxed again upon a Policy surrender or lapse.

Section 13521 of the Tax Cuts and Jobs Act of 2017 added a new provision that clarifies that no adjustment can be made to the basis of any annuity or life insurance contract for "mortality, expense, or other reasonable charges incurred." This is effective for transactions entered into after Aug. 25, 2009.

The amount realized that is taken into account in computing the gain on the complete surrender or lapse of a Policy will include any unpaid Policy Debt on a Policy that is a Modified Endowment Contract even though that amount has already been treated as a taxable distribution.

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If a Policy is not a Modified Endowment Contract, then the Investment in the Policy is not affected by the receipt of a loan from, or secured by a Policy, unless the loan is treated as a distribution.

Whether or not the Policy is a Modified Endowment Contract, however, no payment of the principal of, or the interest due under, any loan from or secured by a Policy will affect the amount of the Investment in the Policy.

A policyowner generally will not recognize gain upon the exchange of the Policy for another life insurance policy issued by us or another insurance company, except to the extent that the policyowner receives cash in the exchange or is relieved of policy indebtedness as a result of the exchange. In no event will the gain recognized exceed the amount by which the Policy's Account Value (which includes unpaid policy loans) exceeds the policyowner's Investment in the Policy.

A transfer of the Policy, a change in the policyowner, a change in the beneficiary, certain other changes to the Policy and particular uses of the Policy (including use in a so called "split-dollar" arrangement) may have tax consequences depending upon the particular circumstances and should not be undertaken prior to consulting with a qualified tax professional. For instance, if You transfer the Policy or designate a new policyowner in return for valuable consideration (or, in some cases, if the transferor is relieved of a liability as a result of the transfer), then the Death Benefit payable upon the death of the Insured may in certain circumstances be includible in your taxable income to the extent that the Death Benefit exceeds the prior consideration paid for the transfer and any premiums and other amounts paid later by the transferee. Further, in such a case, if the consideration received exceeds your Investment in the Policy, the difference will be taxed to You as ordinary income.

The Code denies the income tax-free treatment of death benefits payable under an employer-owned life insurance contract unless certain notice and consent requirements are met and either (1) certain rules relating to the insured employee's status are satisfied or (2) certain rules relating to the payment of the amount received under the contract to, or for the benefit of, certain beneficiaries or successors of the insured employee are satisfied. These rules apply to life insurance contracts owned by corporations (including S corporations), individual sole proprietors, estates and trusts and partnerships that are engaged in a trade or business. Any business contemplating the purchase of a Policy on the life of an employee should consult with its legal and qualified tax professionals regarding the applicability of these Code provisions to the proposed purchase.

A qualified tax professional should also be consulted with respect to the Treasury's split dollar regulations if You have purchased or are considering the purchase of a Policy for a split dollar insurance plan. Any business contemplating the purchase of a new life insurance contract or a change in an existing contract should consult a qualified tax professional. There may also be an indirect tax upon the income in the Policy or the proceeds of a Policy under the federal corporate alternative minimum tax, if the policyowner is subject to that tax.

**The Policy and the Policy Proceeds may be subject to federal tax, as well as state and local, estate, inheritance and other taxes due to the consequences of ownership or receipt of Policy Proceeds. Tax obligations will depend on your individual circumstances and those of the beneficiary. Please contact a qualified tax professional for more information.** 

**Withholding** 

We will withhold and remit to the U.S. Government a part of the taxable portion of each distribution unless, prior to the distribution, the Owner provides us his or her taxpayer identification number and instructs us (in the manner prescribed) not to withhold. The Owner may credit against his or her federal income tax liability for the year of distribution any amounts that we withhold.

**Tax Return Disclosure** 

The Tax Cuts and Jobs Act of 2017 added significant new reporting requirements, under Code Section 6050Y, on the purchase of a life insurance contract or any interest in a life insurance contract in a "reportable policy sale." A reportable policy sale is one in which the acquirer generally has no insurable interest in the life insured under the policy, e.g. a life settlement contract. The acquirer must file an information return and provide a written statement of the information to the

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persons identified in the return, including the seller. The issuer of the policy must take an information return and provide a written statement of that information to the persons identified in that return. Finally, every person who pays reportable death benefits must make an information return and provide a written statement of the information to persons identified in the return, effective for reportable policy sales after Dec. 31, 2017, and for reportable death benefits paid after Dec. 31, 2017. However, it is your responsibility, in consultation with your tax and legal counsel and advisers, to make your own determination as to the applicability of the disclosure requirements of Code Section 6050Y.

We believe that the purchase of a Policy is not currently subject to the income tax return disclosure requirements of Code Section 6011 and Treasury Regulation Section 1.6011-4. However, it is your responsibility, in consultation with your tax and legal counsel and advisers, to make your own determination as to the applicability of the disclosure requirements of Code Section 6011 and Treasury Regulation Section 1.6011-4 to your federal income tax return.

Under Code Section 6111 and Temporary Treasury Regulation Section 301.6111-1T, we are required to register with the IRS any offerings or sales of Policies that are considered tax shelters. We believe that registration would not be required under current regulations with respect to the offering or sale of a Policy.

We believe that the customer list requirements of Code Section 6112 and Treasury Regulation Section 301.6112-1 are not currently applicable to such offerings and sales.

**Tax Shelter Regulations** 

Prospective Policy owners that are corporations should consult a qualified tax professional about the treatment of the Policy under the Treasury Regulations applicable to corporate tax shelters.

**Corporate Alternative Minimum Tax** 

There may also be an indirect tax upon the income in the Policy or the proceeds of a Policy under the federal corporate alternative minimum tax if the owner is subject to that tax.

**Other Tax Considerations** 

The transfer of the Policy or designation of a beneficiary may have federal, state, and/or local transfer and inheritance tax consequences, including the imposition of gift, estate, and generation-skipping transfer taxes. For example, the transfer of the Policy to, or the designation as a beneficiary of, or the payment of proceeds to, a person who is assigned to a generation which is two or more generations below the generation assignment of the owner may have generation skipping transfer tax consequences under federal tax law. The individual situation of each Policy owner or beneficiary will determine the extent, if any, to which federal, state, and local transfer and inheritance taxes may be imposed and how ownership or receipt of Policy proceeds will be treated for purposes of federal, state and local estate, inheritance, generation skipping, and other taxes.

Under certain circumstances, the Code may impose a generation-skipping transfer ("GST") tax when all or part of a life insurance policy 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 Policy, or from any applicable payment, and pay it directly to the IRS.

For 2026, the federal estate tax, gift tax, and GST tax exemptions and maximum rates are $15,000,000, and 40%, respectively.

The potential application of these taxes underscores the importance of seeking guidance from a qualified tax professional to help ensure that your estate plan adequately addresses your needs and those of your beneficiaries under all possible scenarios.

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The uncertainty as to how the current law might be modified in coming years underscores the importance of seeking guidance from a qualified tax professional to help ensure that your estate plan adequately addresses your needs and those of your beneficiaries under all possible scenarios.

**Medicare Tax on Investment Income** 

A 3.8% Medicare tax on investment income applies to individuals whose income exceeds certain threshold amounts. You should consult a qualified tax professional about the impact of this new tax on distributions from the Policy.

**Tax Cuts and Jobs Act of 2017** 

On December 22, 2017, the Tax Cuts and Jobs Act was enacted that included a broad range of tax reforms affecting businesses and individuals, including certain provisions related to policyowner reporting (effective after January 1, 2018). Please consult a qualified tax professional for more information.

**Loan Lapse Protection Rider** 

This Policy may be purchased with the intention of accumulating cash value on a tax-free basis for some period (for example, until retirement) and then periodically borrowing from the Policy, relying on the Loan Lapse Protection Rider to keep the Policy from lapsing. The aim of this strategy is to continue borrowing from the Policy until its cash value is just enough to pay off the Policy loans that have been taken out. Anyone contemplating taking advantage of this strategy should be aware that it involves several risks. First, this strategy will fail to achieve its goal if the Policy is a Modified Endowment Contract or becomes a Modified Endowment Contract after the periodic borrowing begins. Second, this strategy has not been ruled on by the Internal Revenue Service or the courts and it may be subject to challenge by the IRS, because it is possible that loans under this Policy will be treated as taxable distributions. Finally, there is a significant risk that poor investment performance, together with ongoing deductions for insurance charges, will lead to a substantial decline in the Policy's cash value that could result in the Policy being treated for tax purposes as having lapsed. In that event, assuming Policy loans have not already been subject to tax as distributions, a significant tax liability could arise when the lapse is deemed to have occurred. Anyone considering purchasing the Policy with the Loan Lapse Protection Rider should, ***before*** purchasing the Policy, consult a qualified tax professional about the tax risks inherent in exercising the Loan Lapse Protection Rider.

**Life Insurance Purchases by Nonresident Aliens and Foreign Corporations** 

Purchasers that are not U.S. citizens or residents will generally be subject to U.S. federal withholding tax on taxable distributions from life insurance policies at a 30% rate, unless 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. Prospective purchasers that are not U.S. citizens or residents are advised to consult with a qualified tax professional regarding U.S. and foreign taxation with respect to a life insurance policy purchase.

**Possible Tax Law Changes** 

Although the likelihood of legislative changes is uncertain, there is always the possibility that the tax treatment of the Policy could change by legislation or otherwise. Consult a qualified tax professional with respect to legislative developments and their effect on the Policy.

**DISTRIBUTION OF POLICY**

The Policy is offered on a continuous basis. The Policy is sold by licensed insurance agents ("Selling Agents") in those states where the Policy may be lawfully sold. Such Selling Agents will be registered representatives of affiliated or unaffiliated broker-dealer firms ("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 our general distributor, Clarendon Insurance Agency, Inc. ("Clarendon"), 230 Third Avenue, 6th Floor,

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Waltham, MA 02451. Clarendon is a wholly-owned subsidiary of the Company, is registered with the SEC under the Securities Exchange Act of 1934 and is a member of FINRA. Clarendon does not retain any portion of the Commissions payable to the Selling Broker-Dealers.

The Company (or its affiliate, for the purposes of this section only, collectively, "the Company"), pays the Selling Broker-Dealers compensation for sale of the Policy. The Selling Agents who solicit sales of the Policy 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 Policy Owner or the Variable Account. The Company intends to recoup this compensation through fees and charges imposed under the Policy, 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 105% of the first Target Premium. Target Premium varies based on the Insured's age, sex and rating class. Commissions will not exceed 30% of the second Target Premium received and 7.5% of Target Premiums three through ten. Commissions will not exceed 3% on premiums received in excess of ten Target Premiums. Commissions will not exceed 2% on any premiums received in Policy Years 11 and thereafter.

If an LTA Rider is attached to the Policy, commissions will not exceed more than 95% of the first Target Premium. Commissions will not exceed 10% of Target Premiums two through five, 5% of Target Premiums six through eight, 1% of Target Premiums nine and ten, 3% of premiums received in excess of ten Target Premiums and 1% of premium received in Policy Years 11 and thereafter.

If an Enhanced Cash Surrender Value Rider is attached to the Policy, commissions will not exceed 20% of premiums received up to ten target premiums, 3% of premiums received in excess of ten target premiums and 2% of any premium received in Policy Years 11 and thereafter.

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 also pays 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 and may be based on a percentage of premium, a percentage of Account Value and/or may be a fixed dollar amount.

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 of 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-Dealer's preferred or recommended list, access to the Selling Broker- Dealer's registered representatives for purposes of promoting sales of the Company's products, assistance in training and education for 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-Dealers actual or expected aggregate sales of our variable policies (including the Policy) or assets held within those policies 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 Policies over other variable life policies (or other investments) with respect to which the Selling Broker-Dealer does not receive additional compensation, or lower levels of additional compensation. You should take such payment arrangements into account when considering and evaluating any recommendation relating to the Policies.

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In addition to selling our variable policies (including the Policy), some Selling Broker-Dealers or their affiliates may have other business relationships with the Company. Those other business relationships may include, for example, reinsurance agreements pursuant to which an affiliate of the Selling Broker-Dealer provides reinsurance to the Company relative to some or all of the Policies or other variable policies issued by the Company or its affiliates. The potential profits for a Selling Broker-Dealer or its affiliates (including its registered representatives) associated with such reinsurance arrangements could be significant in amount and could indirectly provide incentives to the Selling Broker-Dealer and its Selling Agents to recommend products for which they provide reinsurance over similar products which do not result in potential reinsurance profits to the Selling Broker-Dealer or its affiliate. The operation of an individual policy is not impacted by whether the policy is subject to a reinsurance arrangement between the Company and an affiliate of the Selling Broker-Dealer.

As discussed in the preceding paragraphs, 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 Policies by Selling Broker-Dealers and their registered representatives. Such payments may be significantly greater or less in connection with the Policies 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 Policy 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 the Policy.

During 2023, 2024, and 2025, approximately $28,553, $30,477, and $31,303, respectively, in commissions were paid by Delaware Life Insurance Company on behalf of Clarendon in connection with the distribution of the Policies.

**VOTING RIGHTS** 

We will vote shares of the Funds held in the Variable Account in accordance with instructions received from policyowners having interests in the corresponding Sub-Accounts, to the extent required by law. We will provide each policyowner who has interests in a Sub-Account with the proxy materials of the corresponding Fund, together with an appropriate form for the policyowner to submit its voting instructions to us. We will vote shares for which we receive no timely instructions, together with shares not attributable to any Policy, in the same proportion as those shares held by the Sub-Account for which we receive instructions. As a result of proportional voting, the instructions of a small number of policyowners could determine the outcome of a proposal subject to shareholder vote.

We will determine the number of shares for which You are entitled to provide voting instructions as of the record date established for the applicable Fund. This number is determined by dividing your Account Value in the Sub-Account, if any, by the net asset value of one share in the corresponding Fund.

We may, if required by state insurance regulators, disregard voting instructions if the instructions require shares to be voted to cause a change in the subclassification or investment objective of one or more of the Funds, or to approve or disapprove an investment advisory contract for a Fund. In addition, we may disregard voting instructions in favor of any change in the investment policies or in any investment adviser or principal underwriter of a Fund. Our disapproval of any such change must be reasonable and, in the case of change in investment policies or investment adviser, based on a good faith determination that the change would be contrary to state law or otherwise inappropriate in light of the objectives and purposes of the Fund. If we disregard voting instructions, we will include a summary of and the reasons for that action in our next periodic report to policyowners.

We reserve the right to vote shares held in the Variable Account in our own right, if permitted by applicable law.

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**OTHER INFORMATION**

**State Regulation** 

We are 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, whose agents periodically conduct an examination of our financial condition and business operations. We are also subject to the insurance laws and regulations of other states and the jurisdictions in which we are licensed to do business.

We are required to file an annual statement with the insurance regulatory authority of those jurisdictions where we are authorized to do business relating to our business operations and financial condition as of December 31st of the preceding year.

**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 Policy.

**Registration Statements** 

This prospectus is part of a registration statement that has been filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, with respect to the Policy. It does not contain all of the information set forth in the registration statement and the exhibits filed as part of the registration statement. You may refer to the registration statement for additional information about us, the Variable Account, the underlying Funds and the Policy.

**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 POLICY** 

**Variable Options** 

The following is a list of Funds available under the Policy. 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/86680A608?site=Life. You can also request this information at no cost at https://dfinreports.com/DelawareLife, by calling (877) 253-2323, or by sending an email request to Customer.Relations@delawarelife.com.

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 Policy 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 - Global Large <br> Cap<br>| AB Variable Products Series Fund, Inc.<br> **International Value Portfolio**<br> **Class B**<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**<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>1</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>3</sup> <br>**Class 2**<br>| Columbia Management <br> Investment Advisers, LLC<br>| 0.97% | 15.85% | 13.75% | 15.69% |
| Equity - US Small Cap | Deutsche DWS Investments VIT Funds<br> **DWS Small Cap Index VIP**<br> **Class B**<sup>4</sup><br>| DWS Investment <br> Management Americas, Inc. /<br> Northern Trust Investments, <br> Inc.<br>| 0.66%<sup>2</sup> | 12.37% | &nbsp;&nbsp; 5.54% | &nbsp;&nbsp; 9.03% |
| 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**<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 2015 Portfolio**<br> **Service Class 2**<sup>4</sup><br>| Fidelity Management & <br> Research Company, LLC<br>| 0.66% | 11.66% | &nbsp;&nbsp; 3.73% | &nbsp;&nbsp; 6.33% |

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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 - Target <br> Date<br>| Variable Insurance Products Fund V<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Freedom 2020 Portfolio**<br> **Service Class 2**<sup>4</sup><br>| Fidelity Management & <br> Research Company, LLC<br>| 0.69% | 12.99% | &nbsp;&nbsp; 4.57% | &nbsp;&nbsp; 7.11% |
| Allocation - Target <br> Date<br>| Variable Insurance Products Fund V<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Freedom 2030 Portfolio**<br> **Service Class 2**<sup>4</sup><br>| Fidelity Management & <br> Research Company, LLC<br>| 0.74% | 15.16% | &nbsp;&nbsp; 5.98% | &nbsp;&nbsp; 8.61% |
| Equity - US Large Cap <br> Blend<br>| Variable Insurance Products Fund II<br> **Fidelity**<sup>®</sup> **Variable Insurance Products** <br> **Index 500 Portfolio**<br> **Service Class 2**<br>| Fidelity Management & <br> Research Company, LLC /<br> Geode Capital Management, <br> LLC<br>| 0.34% | 17.48% | 14.03% | 14.42% |
| 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% |
| Allocation - Moderate | Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin Allocation VIP Fund**<br> **Class 2**<sup>4</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% |
| Fixed Income - US | Franklin Templeton Variable Insurance <br> Products Trust<br> **Franklin U.S. Government Securities VIP** <br> **Fund**<br> **Class 2**<sup>1</sup><br>| Franklin Advisers, Inc. | 0.79% | &nbsp;&nbsp; 6.69% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; 1.14% |
| Equity - US Mid Cap | AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. American Value Fund**<br> **Series II**<br>| Invesco Advisers, Inc. | 1.14% | 20.76% | 17.56% | 12.01% |

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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>| 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> Blend<br>| AIM Variable Insurance Funds (Invesco <br> Variable Insurance Funds)<br> **Invesco V.I. Core Equity Fund**<br> **Series I**<br>| Invesco Advisers, Inc. | 0.80% | 16.17% | 12.81% | 11.73% |
| 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 I**<br>| Invesco Advisers, Inc. | 0.90% | 16.50% | &nbsp;&nbsp; 3.68% | &nbsp;&nbsp; 6.22% |
| 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>1</sup><br>| Invesco Advisers, Inc. | 1.05%<sup>2</sup> | 15.64% | 12.19% | 12.25% |
| 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> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.58%<sup>2</sup> | &nbsp;&nbsp; 5.76% | &nbsp;&nbsp; 6.92% | &nbsp;&nbsp; 9.10% |
| Allocation - Cautious | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Conservative Allocation Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.70% | 10.00% | &nbsp;&nbsp; 3.09% | &nbsp;&nbsp; 5.70% |
| 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 - Real Estate <br> Sector<br>| MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Global Real Estate Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.90%<sup>2</sup> | &nbsp;&nbsp; 3.53% | &nbsp;&nbsp; 1.32% | &nbsp;&nbsp; 5.01% |
| Allocation - Cautious | MFS<sup>®</sup> Variable Insurance Trust II<br> **MFS**<sup>®</sup> **Global Tactical Allocation Portfolio**<br> **Service Class**<br>| Massachusetts Financial <br> Services Company<br>| 1.03%<sup>2</sup> | 15.21% | &nbsp;&nbsp; 4.60% | &nbsp;&nbsp; 5.40% |
| 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> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.80% | 12.18% | &nbsp;&nbsp; 6.19% | &nbsp;&nbsp; 9.22% |
| Equity - US Large Cap <br> Growth<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Growth Series**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.73%<sup>2</sup> | 12.19% | 11.10% | 15.60% |

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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> **High Yield Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.72%<sup>2</sup> | &nbsp;&nbsp; 8.65% | &nbsp;&nbsp; 3.87% | &nbsp;&nbsp; 5.56% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Inflation-Adjusted Bond Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.60%<sup>2</sup> | &nbsp;&nbsp; 8.63% | -3.09% | &nbsp;&nbsp; 1.10% |
| 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% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Limited Maturity Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.48%<sup>2</sup> | &nbsp;&nbsp; 5.83% | &nbsp;&nbsp; 2.56% | &nbsp;&nbsp; 2.70% |
| Equity - US Mid Cap | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Mid Cap Growth Series**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.81%<sup>2</sup> | &nbsp;&nbsp; 3.66% | &nbsp;&nbsp; 3.26% | 11.60% |
| Equity - US Mid Cap | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Mid Cap Value Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.79%<sup>2</sup> | &nbsp;&nbsp; 5.98% | 10.18% | &nbsp;&nbsp; 9.95% |
| Allocation - Moderate | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **Moderate Allocation Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.72% | 11.29% | &nbsp;&nbsp; 4.82% | &nbsp;&nbsp; 7.62% |
| Equity - US Small Cap | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **New Discovery Series**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.87%<sup>2</sup> | 12.96% | -0.28% | 10.74% |
| Equity - US Small Cap | MFS<sup>®</sup> Variable Insurance Trust III<br> **MFS**<sup>®</sup> **New Discovery Value Portfolio**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.88%<sup>2</sup> | &nbsp;&nbsp; 3.08% | &nbsp;&nbsp; 8.48% | 10.58% |
| 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% |
| Equity - US Large Cap <br> Blend<br>| MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Research Series**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.74%<sup>2</sup> | 12.85% | 11.15% | 12.93% |
| Fixed Income - US | MFS<sup>®</sup> Variable Insurance Trust<br> **MFS**<sup>®</sup> **Total Return Bond Series**<br> **Initial Class**<br>| Massachusetts Financial <br> Services Company<br>| 0.53%<sup>2</sup> | &nbsp;&nbsp; 7.17% | &nbsp;&nbsp; 0.15% | &nbsp;&nbsp; 2.63% |
| 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> **Initial Class**<sup>5</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**<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**<br>| Morgan Stanley Investment <br> Management, Inc.<br>| 1.05%<sup>2</sup> | 12.44% | -5.46% | 14.04% |

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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 | Northern Lights Fund Trust II<br> **M Capital Appreciation Fund**<sup>6</sup><br>| M Financial Investment <br> Advisers, Inc. / Frontier <br> Capital Management <br> Company, LLC<br>| 0.95% | 18.06% | &nbsp;&nbsp; 9.10% | 11.24% |
| Equity - Global Large <br> Cap<br>| Northern Lights Fund Trust II<br> **M International Equity Fund**<sup>6</sup> <br>| M Financial Investment <br> Advisers, Inc. / Dimensional <br> Fund Advisors LP<br>| 0.62% | 32.44% | &nbsp;&nbsp; 8.77% | &nbsp;&nbsp; 6.99% |
| Equity - US Large Cap <br> Growth<br>| Northern Lights Fund Trust II<br> **M Large Cap Growth Fund**<sup>6</sup> <br>| M Financial Investment <br> Advisers, Inc. / Federated <br> Hermes, Inc.<br>| 0.53% | 19.61% | 12.43% | 15.06% |
| Equity - US Large Cap <br> Value<br>| Northern Lights Fund Trust II<br> **M Large Cap Value Fund**<sup>6</sup> <br>| M Financial Investment <br> Advisers, Inc. / Brandywine <br> Global Investment <br> Management, LLC<br>| 0.60% | 17.31% | 13.92% | &nbsp;&nbsp; 9.61% |
| 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> **Administrative Class**<br>| Pacific Investment <br> Management Company LLC<br>| 1.21%<sup>2</sup> | 21.90% | &nbsp;&nbsp; 7.02% | &nbsp;&nbsp; 7.98% |
| Fixed Income - US | PIMCO Variable Insurance Trust<br> **PIMCO Real Return Portfolio**<br> **Administrative Class**<sup>1</sup><br>| Pacific Investment <br> Management Company LLC<br>| 1.39% | &nbsp;&nbsp; 7.85% | &nbsp;&nbsp; 1.21% | &nbsp;&nbsp; 3.21% |
| Fixed Income - US | PIMCO Variable Insurance Trust<br> **PIMCO Total Return Portfolio**<br> **Administrative Class**<sup>1</sup><br>| Pacific Investment <br> Management Company LLC<br>| 0.73% | &nbsp;&nbsp; 8.89% | &nbsp;&nbsp; 0.02% | &nbsp;&nbsp; 2.36% |
| 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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Only available for investment under Policies with Investment Start Dates prior to October 6, 2008.

The Fund's current expenses are subject to a temporary expense reimbursement and/or fee waiver. Please refer to the Fund's prospectus for more information.

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

Not available for investment of new premium or transfers on and after November 15, 2010.

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 April 24, 2026, this fund was a series of M Fund, Inc.

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**APPENDIX B – GLOSSARY OF TERMS** 

**Account Value**: The sum of the amounts in each Variable Sub-Account and the Fixed Account with respect to a Policy. Account Value does not include Policy Debt. Policy Debt, which includes the amount of loans and interest charged, is not deducted from Account Value. It is reflected in the amounts received upon surrender or payment of Policy Proceeds. It is also reflected in the amount of total Account Value that may be borrowed against.

**Anniversary**: The same day in each succeeding year as the day of the year corresponding to the Policy Date.

**Attained Age**: The Insured's Issue Age plus the number of completed Policy Years.

**Business Day**: Any day that we are open for business.

**Cash Value: Account** Value less any surrender charges.

**Cash Surrender Value**: The Cash Value decreased by the balance of any outstanding Policy Debt.

**Class**: The risk and underwriting classification of the Insured.

**CSO**: The Commissioners Standard Ordinary (CSO) Mortality Table is an actuarial table used to calculate reserve requirements for the Company. It is legally recognized method for calculating required reserves and nonforfeiture values for the Company.

**Due Proof**: Such evidence as we may reasonably require in order to establish that a benefit is due and payable. Generally, evidence will consist of the Insured's death certificate.

**Fixed Account**: The portion of the Account Value funded by assets invested in our general account.

**Flat Extra**: An additional charge imposed if the Insured is a substandard risk. It is a flat dollar charge per $1000 of Total Net Amount at Risk.

**Fund**: A mutual fund portfolio in which a Variable 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 loan request, a request to surrender your Policy, a fund transfer request, or a death benefit claim must be in good order.

**Initial Premium**: The amount necessary to put the coverage in force. Generally, this is two Minimum Monthly Premiums. The Initial Premium is shown in the Policy.

**Insured:** The person on whose life a Policy is issued.

**Investment Start Date**: The date the first premium is applied, which will be the later of the Issue Date, the Policy Date or the Valuation Date we receive a premium equal to or in excess of the specified Initial Premium.

**Issue Age:** The Insured's age as of the Insured's birthday nearest the Policy Date.

**Issue Date**: The date we produce a Policy from our system as specified in the Policy.

**Minimum Monthly Premium:** The Initial Premium is two Minimum Monthly Premiums. The Minimum Monthly Premium is determined by the Specified Face Amount, death benefit option election, optional rider election and risk and underwriting classification of the Insured.

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**Monthly Anniversary Day**: The same day in each succeeding month as the day of the month corresponding to the Policy Date.

**Monthly Cost of Insurance**: A deduction made on a monthly basis for the Specified Face Amount provided by the Policy and for the Waiver of Monthly Deductions rider, Payment of Stipulated Amount rider, Supplemental Insurance rider and Enhanced Cash Surrender Benefit rider.

**Monthly Expense Charge**: A per Policy deduction made on a monthly basis for administration and other expenses.

**Mortality and Expense Risk Charge**: The annual rate deducted monthly from the Account Value for the mortality and expense risk we assume by issuing the Policy.

**No-Lapse Guarantee Period**: The term when the Policy will not terminate if the premiums paid less partial withdrawals less Policy Debt exceed the sum of Minimum Monthly Premiums from the Policy Date to the Valuation Date. The No-Lapse Guarantee Period is based on the Insured's age. It may vary in length by state but may not exceed 20 years.

**Policy:** The form issued by Delaware Life Insurance Company and is a contract between the policyowner and the Company.

**Policy Application**: The application for a Policy, a copy of which is attached to and incorporated in the Policy.

**Policy Date**: The date shown in the Policy Specifications from which the Insured's Issue Age is established and from which Monthly Deductions reduce the Account Value.

**Policy Debt:** The principal amount of any outstanding loan against the Policy, plus accrued but unpaid interest on such loan.

**Policy Month**: A Policy Month is a one-month period commencing on the Policy Date or any Monthly Anniversary Day and ending on the next Monthly Anniversary Day.

**Policy Net Amount at Risk**: The Policy Net Amount at Risk is based on the insurance coverage provided by the base Policy and does not include any insurance coverage provided by rider.

**Policy Proceeds**: The amount determined in accordance with the terms of the Policy which is payable at the death of the Insured. This amount is the death benefit, decreased by the amount of any outstanding Policy Debt and any unpaid charges and deductions, and increased by the amounts payable under any supplemental benefits.

**Policy Year**: A Policy Year is a one-year period commencing on the Policy Date or any Anniversary and ending on the next Anniversary.

**Premium Expense** Charge: A percentage charge deducted from each premium payment.

**Processing Date**: The first Valuation Date on or next following a Monthly Anniversary Day.

**Rider Net Amount at Risk**: The Rider Net Amount at Risk is based on the insurance coverage provided by the Supplemental Insurance Rider.

**Service Office**: Delaware Life Insurance Company, P.O. Box 758581, Topeka, Kansas 66675-8581 or such other address as we may hereafter specify to You by written notice.

**Specified Face Amount**: The amount of life insurance coverage You request as specified in the Policy.

**Sub-Accounts**: Sub-accounts into which the assets of the Variable Account are divided. Also known as variable investment options.

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**Target Premium**: An amount of premium specified as such in the Policy, used to determine the amount of commissions paid by the Company to the Selling Broker-Dealer.

**Total Net Amount at Risk**: The Policy Net Amount at Risk plus the Rider Net Amount at Risk.

**Unit:** A unit of measurement that we use to calculate the value of each Variable Sub-Account.

**Unit Value:** The value of each Unit of assets in a Variable Sub-Account.

**Valuation Date:** Any day that the New York Stock Exchange is open for business. We will determine Unit Values for each Valuation Date as of the close of the New York Stock Exchange on a Valuation Date.

**Valuation Period:** The period of time from one Valuation Date to the next Valuation Date.

**Variable Account:** Delaware Life Variable Account I.

**Variable Sub-Accounts:** Sub-accounts into which the assets of the Variable Account are divided, each of which corresponds to an investment choice available to You.

**You**: The owner of the Policy.

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**APPENDIX C –** <br>**TABLE OF DEATH BENEFIT PERCENTAGES** 

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| | | | |
|:---|:---|:---|:---|
| **Age** | **Applicable**<br> **Percentage**<br>| **Age** | **Applicable**<br> **Percentage**<br>|
| 20 | 250% | 60 | 130% |
| 21 | 250% | 61 | 128% |
| 22 | 250% | 62 | 126% |
| 23 | 250% | 63 | 124% |
| 24 | 250% | 64 | 122% |
| 25 | 250% | 65 | 120% |
| 26 | 250% | 66 | 119% |
| 27 | 250% | 67 | 118% |
| 28 | 250% | 68 | 117% |
| 29 | 250% | 69 | 116% |
| 30 | 250% | 70 | 115% |
| 31 | 250% | 71 | 113% |
| 32 | 250% | 72 | 111% |
| 33 | 250% | 73 | 109% |
| 34 | 250% | 74 | 107% |
| 35 | 250% | 75 | 105% |
| 36 | 250% | 76 | 105% |
| 37 | 250% | 77 | 105% |
| 38 | 250% | 78 | 105% |
| 39 | 250% | 79 | 105% |
| 40 | 250% | 80 | 105% |
| 41 | 243% | 81 | 105% |
| 42 | 236% | 82 | 105% |
| 43 | 229% | 83 | 105% |
| 44 | 222% | 84 | 105% |
| 45 | 215% | 85 | 105% |
| 46 | 209% | 86 | 105% |
| 47 | 203% | 87 | 105% |
| 48 | 197% | 88 | 105% |
| 49 | 191% | 89 | 105% |
| 50 | 185% | 90 | 105% |
| 51 | 178% | 91 | 104% |
| 52 | 171% | 92 | 103% |
| 53 | 164% | 93 | 102% |
| 54 | 157% | 94 | 101% |
| 55 | 150% | 95+ | 100% |
| 56 | 146% |  |  |
| 57 | 142% |  |  |
| 58 | 138% |  |  |
| 59 | 134% |  |  |

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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/86680A608?site=Life. 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. **C000051352**

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PART B

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**PRIME VARIABLE UNIVERSAL LIFE INSURANCE**

**FLEXIBLE PAYMENT DEFERRED VARIABLE ANNUITY CONTRACTS**

**DELAWARE LIFE VARIABLE ACCOUNT I (the "Variable Account")**

**A SEPARATE ACCOUNT OF**

**DELAWARE LIFE INSURANCE COMPANY ("Delaware life")**

**STATEMENT OF ADDITIONAL INFORMATION**

**June 30, 2026**

**TABLE OF CONTENTS** 

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| | |
|:---|:---|
| [DELAWARE LIFE INSURANCE COMPANY AND THE VARIABLE ACCOUNT](#xx_9c33b972-3f98-4642-8252-3b0e44ead3c5_1) | 2 |
| [ADMINISTRATION OF THE POLICY](#xx_9c33b972-3f98-4642-8252-3b0e44ead3c5_1) | 2 |
| [CUSTODIAN](#xx_9c33b972-3f98-4642-8252-3b0e44ead3c5_1) | 2 |
| [EXPERTS](#xx_9c33b972-3f98-4642-8252-3b0e44ead3c5_1) | 2 |
| [DISTRIBUTION AND UNDERWRITING OF THE POLICY](#xx_9c33b972-3f98-4642-8252-3b0e44ead3c5_2) | 3 |
| [THE POLICY](#xx_9c33b972-3f98-4642-8252-3b0e44ead3c5_3) | 4 |
| [FINANCIAL STATEMENTS](#xx_9c33b972-3f98-4642-8252-3b0e44ead3c5_4) | 5 |

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The Statement of Additional Information ("SAI") is not a prospectus. Terms used in this SAI have the same meanings as are defined in the Prime Variable Universal Life Insurance 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 (888) 594-2654, 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/86680A608?site=Life.

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**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 I, was established in accordance with Delaware law on December 1, 1998 and is registered with the Securities and Exchange Commission under the Investment Company Act of 1940 as a unit investment trust.

**ADMINISTRATION OF THE POLICY** 

SE2, LLC ("SE2"), a third-party provider of policy administration services for life insurance companies, administers the Policies. See "Administration of the Contract" in the Prospectus for additional information about SE2. During 2023, 2024, and 2025, Delaware Life paid SE2 approximately $3,622, $3,532, and $3,811 respectively, for services associated with the administration of the Policy.

Reinsurance treaties covering the Policies provide for the reinsurance of up to 68% of the related mortality risk on a yearly renewable term basis. Delaware Life or its affiliates retain any mortality risk not ceded under these treaties.

**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.

**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 I, 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.

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**DISTRIBUTION AND UNDERWRITING OF THE POLICY** 

The Policy is offered on a continuous basis. The Policy is sold by licensed insurance agents ("Selling Agents") in those states where the Policy may be lawfully sold. Such Selling Agents will be registered representatives of affiliated and unaffiliated broker-dealer firms ("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 our general distributor, Clarendon Insurance Agency, Inc. ("Clarendon"), 230 Third Avenue, 6<sup>th</sup> 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 and is a member of FINRA. Clarendon does not retain any portion of the commissions payable to Selling Broker-Dealer.

The Company (or its affiliates, for the purposes of this section only, collectively, "the Company"), pays the Selling Broker-Dealers compensation for the promotion and sale of the Policy. The Selling Agents who solicit sales of the Policy 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 Policy Owner or the Variable Account. The Company intends to recoup this compensation through fees and charges imposed under the Policy, 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 105% of the first Target Premium. Target Premium varies based on the Insured's age, sex and rating class. Commissions will not exceed 30% of the second Target Premium received and 7.5% of Target Premiums three through ten. Commissions will not exceed 3% on premiums received in excess of ten Target Premiums. Commissions will not exceed 2% on any premiums received in Policy Years 11 and thereafter.

If an LTA Rider is attached to the Policy, commissions will not exceed more than 95% of the first Target Premium. Commissions will not exceed 10% of Target Premiums two through five, 5% of Target Premiums six through eight, 1% of Target Premiums nine and ten, 3% of premiums received in excess of ten Target Premiums and 1% of premium received in Policy Years 11 and thereafter.

If an Enhanced Cash Surrender Value Rider is attached to the Policy, commissions will not exceed 20% of premiums received up to ten target premiums, 3% of premiums received in excess of ten target premiums and 2% of any premium received in Policy Years 11 and thereafter.

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 also pays 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 and may be based on a percentage of premium, a percentage of Account Value and/or may be a fixed dollar amount.

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 of 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-Dealer's preferred or recommended list, access to the Selling Broker-Dealer's registered representatives for purposes of promoting sales of the Company's products, assistance in training and education for 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-Dealers actual or expected aggregate sales of our variable policies (including the Policy) or assets held within those policies and/or may be

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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 Policies over other variable life policies (or other investments) with respect to which the Selling Broker-Dealer does not receive additional compensation, or lower levels of additional compensation. You should take such payment arrangements into account when considering and evaluating any recommendation relating to the Policies.

In addition to selling our variable policies (including the Policy), some Selling Broker-Dealers or their affiliates may have other business relationships with the Company. Those other business relationships may include, for example, reinsurance agreements pursuant to which an affiliate of the Selling Broker-Dealer provides reinsurance to the Company relative to some or all of the Policies or other variable policies issued by the Company or its affiliates. The potential profits for a Selling Broker-Dealer or its affiliates (including its registered representatives) associated with such reinsurance arrangements could be significant in amount and could indirectly provide incentives to the Selling Broker-Dealer and its Selling Agents to recommend products for which they provide reinsurance over similar products which do not result in potential reinsurance profits to the Selling Broker-Dealer or its affiliate. The operation of an individual policy is not impacted by whether the policy is subject to a reinsurance arrangement between the Company and an affiliate of the Selling Broker-Dealer.

As discussed in the preceding paragraphs, 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 Policies by Selling Broker-Dealers and their registered representatives. Such payments may be significantly greater or less in connection with the Policies 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 Policy 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 he or she, or the Selling Broker-Dealer for which he or she works, may receive in connection with your purchase of the Policy.

Total commissions paid on behalf of Clarendon in connection with the Variable Account during 2023, 2024, and 2025 were approximately $283,119, $281,249, and $286,301, respectively.

**THE POLICY** 

To apply for a Policy, you must submit an application to our Principal Office. We will then follow underwriting procedures designed to determine the insurability of the proposed Insured. We offer the Policy on a regular (or medical) underwriting and simplified underwriting basis. We may require medical examinations and further information before the proposed application is approved. Simplified underwriting is available to certain groups of insureds, with all Insureds meeting certain other underwriting requirements. We must pre-approve any simplified underwriting arrangements. Proposed Insureds must be acceptable risks based on our underwriting limits and standards. A Policy cannot be issued until the underwriting process has been completed to our satisfaction. We reserve the right to reject an application that does not meet our underwriting requirements or to increase by no more than 500% the cost of insurance charges applicable to an Insured to cover the cost of the increased mortality risk borne by the Company.

The rates for the Policy will not exceed the Guaranteed Maximum Monthly Cost of Insurance Rates based on the 2001 Commissioners Standard Ordinary Smoker and Nonsmoker Mortality Tables. The rates for the Policy if the Long Term Accumulation Rider is attached will not exceed the Guaranteed Maximum Monthly Cost of Insurance Rates based on the 2001 Commissioners Standard Ordinary Aggregate Mortality Tables.

**Premium Expense Charge.** We will deduct a charge from each premium payment upon receipt. Three and one-quarter percent of the charge is used to pay federal, state and local tax obligations and does not vary by state. The remainder of the Premium Expense Charge is a sales load used for agent compensation and other at issue costs. If the Long Term

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Accumulation Rider is not attached to the Policy, the current Premium Expense Charge is 6.50% in all Policy Years and will not exceed 8.25%. If the Long Term Accumulation Rider is attached to the Policy, the Premium Expense Charge is currently 15.00% in all Policy Years and is guaranteed not to exceed 15.00% in any Policy Year.

**Increase in Face Amount.** After the first policy anniversary, you may request an increase in the Specified Face Amount. You must provide satisfactory evidence of the Insured's insurability. Once requested, an increase will become effective at the next policy anniversary following our approval of your request. The Policy does not allow for an increase if the Insured's Attained Age is greater than 80 on the effective date of the increase.

If there are increases in the Specified Face Amount other than increases caused by changes in the death benefit option, the cost of insurance charge and monthly expense charge is determined separately for the initial Specified Face Amount and each increase in the Specified Face Amount. The cost of insurance charges and monthly expense charges applicable to an increase in Specified Face Amount may be higher or lower than those charged on the original sums if the Insured's health has changed to a degree that qualifies the Insured for a different risk classification. In calculating the net amount at risk, your Account Value will first be allocated to the initial death benefit and then to each increase in the Specified Face Amount in the order in which the increases were made.

**FINANCIAL STATEMENTS** 

The financial statements are incorporated by reference to submission form N-VPFS/A filed on June 29, 2026, for Delaware Life Insurance Company and Delaware Life Variable Account I. The statutory-basis financial statements of Delaware Life Insurance Company are provided as relevant to its ability to meet its financial obligations under the Policies and should not be considered as bearing on the investment performance of the assets held in the Variable Account.

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PART C

ITEM 30. EXHIBITS

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| | |
|:---|:---|
| (a) | &nbsp;&nbsp; Resolution of the Board of Directors of the Depositor, dated October 29, 1998, authorizing the establishment of the <br> Registrant (Incorporated herein by reference to the Registration Statement on Form S-6, File No. 333-68601, filed on <br> December 9, 1998.) [Exhibit (a)](http://www.sec.gov/Archives/edgar/data/1074760/0001047469-98-043457.txt)<br>|
| (b) | Not Applicable |
| (c)(1) | &nbsp;&nbsp; Principal Underwriting Agreement (Incorporated herein by reference to Post-Effective Amendment No. 11 to the <br> Registration Statement on Form N-6, File No. 333-100829, filed on April 30, 2009.) [Exhibit (c)(1)](http://www.sec.gov/Archives/edgar/data/1074760/000107476009000075/exc1.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp; Amendment One to the Principal Underwriting Agreement (Incorporated herein by reference to Post-Effective <br> Amendment No. 11 to the Registration Statement on Form N-6, File No. 333-100829, filed on April 30, 2009. [Exhibit <br>(c)(2)](http://www.sec.gov/Archives/edgar/data/1074760/000107476009000075/exc2.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) | &nbsp;&nbsp; Amendment Two to Principal Underwriting Agreement (Incorporated herein by reference to Post-Effective Amendment <br> No. 12 to the Registration Statement on Form N-6, File No. 333-100829, filed on April 27, 2010.) [Exhibit (c)(3)](http://www.sec.gov/Archives/edgar/data/1074760/000107476010000008/exc3.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | &nbsp;&nbsp; Amendment Three to Principal Underwriting Agreement (Incorporated herein by reference to Post-Effective <br> Amendment No. 12 to the Registration Statement on Form N-6, File No. 333-100829, filed on April 27, 2010.) [Exhibit <br>(c)(4)](http://www.sec.gov/Archives/edgar/data/1074760/000107476010000008/exc4.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp; Sales Operations and General Agent Agreement (Incorporated herein by reference to Post-Effective Amendment No. 22 <br> to the Registration Statement of Delaware Life Variable Account G on Form N-6, File No. 333-65048, filed on April 27, <br> 2012.) [Exhibit (c)(5)](http://www.sec.gov/Archives/edgar/data/1020523/000102052312000045/exc4.htm)<br>|
| (d)(1) | &nbsp;&nbsp; Flexible Premium Combination Fixed and Variable Life Insurance Policy (Incorporated herein by reference to the <br> Registration Statement on Form N-6, File No. 333-143354, filed May 30, 2007.) [Exhibit (d)(1)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000031/exd1.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp; Accelerated Death Benefit Rider (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the <br> Registration Statement on Form S-6, File No. 333-68601, filed on April 27, 1999.) [Exhibit (d)(2)](http://www.sec.gov/Archives/edgar/data/1074760/0001047469-99-016574-index.html)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) | &nbsp;&nbsp; Payment of Stipulated Premium Rider (Incorporated herein by reference to Pre-Effective Amendment No. 1 to the <br> Registration Statement on Form S-6, File No. 333-68601, filed on April 27, 1999.) [Exhibit (d)(3)](http://www.sec.gov/Archives/edgar/data/1074760/0001047469-99-016574-index.html)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | &nbsp;&nbsp; Waiver of Monthly Deductions (Incorporated herein by reference to Pre-Effective Amendment No. 2 to the Registration <br> Statement on Form N-6, File No. 333-143353, filed on September 19, 2007.) [Exhibit (d)(4)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000068/exd4.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp; Supplemental Insurance Rider (Incorporated herein by reference to Post-Effective Amendment No. 4 to the Registration <br> Statement on Form S-6, File No. 333-68601, filed on February 12, 2001.) [Exhibit (d)(5)](http://www.sec.gov/Archives/edgar/data/1074760/000091205701004601/a2036105zex-1_a5f.txt)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6) | &nbsp;&nbsp; Charitable Giving Benefit Rider (Incorporated herein by reference to Pre-Effective Amendment No. 2 to the <br> Registration Statement on Form N-6, File No. 333-143353, filed on September 19, 2007.) [Exhibit (d)(6)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000030/exd2.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7) | &nbsp;&nbsp; Enhanced Cash Surrender Value Rider (Incorporated herein by reference to the Registration Statement on Form N-6, <br> File No. 333-143354, filed on May 30, 2007.) [Exhibit (d)(7)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000031/exd7.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8) | &nbsp;&nbsp; Loan Lapse Protection Rider (Incorporated herein by reference to the Registration Statement on Form N-6, File <br> No. 333-143354, filed on May 30, 2007.) [Exhibit (d)(8)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000031/exd8.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9) | &nbsp;&nbsp; Long Term Accumulation Rider (Incorporated herein by reference to the Registration Statement on Form N-6, File <br> No. 333-143354, filed on May 30, 2007.) [Exhibit (d)(9)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000031/exd9.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10) | &nbsp;&nbsp; Travel Assistance Endorsement (Incorporated herein by reference to Pre-Effective Amendment No. 2 to the Registration <br> Statement on Form N-6, File No. 333-143353, filed on September 19, 2007.) [Exhibit (d)(10)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000068/exd5.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11) | &nbsp;&nbsp; Supplemental Insurance Rider (Incorporated herein by reference to Post-Effective Amendment No. 4 to the Registration <br> Statement on Form N-6, File No. 333-143354, on October 7, 2008.) [Exhibit (d)(11)](http://www.sec.gov/Archives/edgar/data/1074760/000107476008000205/exd11.htm)<br>|
| (e)(1) | &nbsp;&nbsp; Application for Flexible Premium Combination Fixed and Variable Life Insurance Policy (Incorporated herein by <br> reference to the Registration Statement on Form N-6, File No. 333-143354, filed on May 30, 2007.) [Exhibit (e)(1)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000031/exe.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp; Application For Scheduled Increases (Incorporated herein by reference to Post-Effective Amendment No. 6 to the <br> Registration Statement on Form N-6, File No. 143354, filed on April 27, 2010.) [Exhibit (e)(2)](http://www.sec.gov/Archives/edgar/data/1074760/000107476010000010/exe2.htm)<br>|
| (f)(1) | &nbsp;&nbsp; Certificate of Incorporation of Delaware Life Insurance Company of Canada (U.S.) (Incorporated herein by reference <br> to Post-Effective Amendment No. 51 to the Registration Statement of Delaware Life Variable Account F on Form N-4, <br> File No. 333-83516, filed on August 11, 2014.) [Exhibit (f)(1)](http://www.sec.gov/Archives/edgar/data/853285/000085328514000957/exhibit6a.htm)<br>|

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp; Bylaws of the Depositor (Incorporated herein by reference to Post-Effective Amendment No. 51 to the Registration <br> Statement of Delaware Life Variable Account F on Form N-4, File No. 333-83516, filed on August 11, 2014.) [Exhibit <br>(f)(2)](http://www.sec.gov/Archives/edgar/data/853285/000085328514000957/exhibit6b.htm)<br>|
| (g) | &nbsp;&nbsp; Specimen Reinsurance Contract (Incorporated herein by reference to the Registration Statement on Form N-6, File <br> No. 333-100829, filed on October 30, 2002.) [Exhibit](http://www.sec.gov/Archives/edgar/data/1074760/000107476002000044/exhibitg.htm)(g)<br>|
| (h)(1) | &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 Insurance <br> Funds) and Invesco Distributors, Inc. (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to the <br> Registration Statement of Delaware Life Variable Account F on Form N-4, File No. 333-225901, filed on October 1, <br> 2018.) [Exhibit (h)(1)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998b.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &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 Fund, and Fidelity Distributors Corporation (Incorporated <br> herein by reference to Post-Effective Amendment No. 8 to the Registration Statement of Delaware Life Variable <br> Account F on Form N-4, File No. 333-83516, filed on April 28, 2005.) [Exhibit (h)(2)](http://www.sec.gov/Archives/edgar/data/853285/000085328505000082/exhibit8h.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) | &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, Inc. <br> (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to the Registration Statement of Delaware Life <br> Variable Account F 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/d580720dex998a.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | &nbsp;&nbsp; Participation Agreement, dated September 16, 2002, by and among the Franklin Templeton Variable Insurance Products <br> Trust, Franklin Templeton Distributors, Inc., Sun Life Insurance and Annuity Company of New York, and Sun Life <br> Assurance Company of Canada (U.S.) (Incorporated herein by reference to the Registration Statement of KBL Variable <br> Account A on Form N-4, File No. 333-102278, filed on December 31, 2002.) [Exhibit (h)(4)](http://www.sec.gov/Archives/edgar/data/1054782/000105478202000084/exhibit8gi.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | &nbsp;&nbsp; Participation Agreement, dated September 27, 2018, by and among Goldman Sachs Variable Insurance Trust and <br> Goldman Sachs & Co. LLC, dated September 27, 2018 (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); [Exhibit <br>(h)(5)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998f.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6) | &nbsp;&nbsp; Participation Agreement, dated July 15, 2002, by and among Sun Life Assurance Company of Canada (U.S.), Deutsche <br> Asset Management VIT Funds, and Deutsche Asset Management, Inc. (Incorporated herein by reference to <br> Post-Effective Amendment No. 2 to the Registration Statement of Delaware Life Variable Account G on Form S-6, File <br> No. 333-65048, filed on July 3, 2002.) [Exhibit (h)(6)](http://www.sec.gov/Archives/edgar/data/1020523/000102052302000021/partagmt.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7) | &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 on Form N-6, File No. 333-143354,<br> filed on May 30, 2007.) [Exhibit (h)(7)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000031/exh9.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8) | &nbsp;&nbsp; Participation Agreement, dated September 16, 2002, as amended through September 17, 2014, 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 of Delaware Life Variable Account F on Form N-4, File No. 333-225901, filed on October 1, 2018.) [Exhibit <br>(h)(8)](http://www.sec.gov/Archives/edgar/data/1385244/000074554411000533/exhibit8s.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9) | &nbsp;&nbsp; Participation Agreement, dated December 1, 2004, by and among Wanger Advisors Trust, Columbia Funds Distributor, <br> Inc., Sun Life Assurance Company of Canada (U.S.) and Sun Life Insurance and Annuity Company of New York <br> (Incorporated herein by reference to the Registration Statement of Delaware Life NY Variable Account J on Form N-6, <br> File No. 333-136435, filed on August 9, 2006.) [Exhibit (h)(9)](http://www.sec.gov/Archives/edgar/data/1370001/000137000106000007/exh20.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10) | &nbsp;&nbsp; Participation Agreement, dated August 6, 2004, by and among Sun Life Assurance Company of Canada (U.S.), Van <br> Kampen Life Investments Trust, Van Kampen Funds Inc. and Van Kampen Asset Management (Incorporated herein by <br> reference to Post-Effective Amendment No. 4 to the Registration Statement on Form N-6, File No. 333-100831, filed <br> on April 29, 2005.) [Exhibit (h)(10)](http://www.sec.gov/Archives/edgar/data/1074760/000107476005000029/exh16.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11) | &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 Company <br> (Bermuda) Ltd., Columbia Funds Variable Insurance Trust, Columbia Management Investment Advisers, LLC, and <br> Columbia Management Investment Distributors, Inc. (Incorporated herein by reference to the Pre-Effective Amendment <br> No. 1 to the Registration Statement of Delaware Life Variable Account F on Form N-4, File No. 333-225901, filed on <br> October 1, 2018.) [Exhibit (h)(11)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998e.htm)<br>|

---

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12) | &nbsp;&nbsp; Participation Agreement, dated April 1, 2007, by and among Sun Life Assurance Company of Canada (U.S.), M Fund, <br> Inc., M Financial Investment Advisers, Inc., and Sun Life Insurance and Annuity Company of New York (Incorporated <br> herein by reference to the Registration Statement on Form N-6, File No. 333-143354, filed on May 30, 2007.) [Exhibit <br>(h)(12)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000031/exh16.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13) | &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. (Incorporated <br> herein by reference to Post-Effective Amendment No. 2 to the Registration Statement of Delaware Life Variable <br> Account G on Form N-6, File No. 333-111688, filed on December 30, 2005.) [Exhibit (h)(13)](http://www.sec.gov/Archives/edgar/data/1020523/000102052305000024/exh16.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14) | &nbsp;&nbsp; Participation Agreement, dated May 1, 2004, as amended through June 5, 2018, by and among Delaware Life Insurance <br> Company, The Morgan Stanley Variable Insurance Fund, Inc., Morgan Stanley Investment Management Inc. and <br> Morgan Stanley Distribution, Inc (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to the <br> Registration Statement of Delaware Life Variable Account F on Form N-4, File No. 333-225901, filed on October 1, <br> 2018.) [Exhibit (h)(14)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998l.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15) | &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 and <br> III, and MFS Fund Distributors, Inc. (Incorporated herein by reference to the Pre-Effective Amendment No. 1 to the <br> Registration Statement of Delaware Life Variable Account F on Form N-4, File No. 333-225901, filed on October 1, <br> 2018.) [Exhibit (h)(15)](http://www.sec.gov/Archives/edgar/data/853285/000119312518289659/d580720dex998k.htm)<br>|
| (h)(16) | &nbsp;&nbsp; Form of Letter Amendment to Participation Agreement, which removed Delaware Life Insurance Company of New <br> York as a party to the Participation Agreements, Exhibits (h)(4), (h)(7)-(h)(9), (h)(11)-(h)(12), and (h)(15), <br> (Incorporated herein by reference to the Post-Effective Amendment No. 9 on Form N-4, File No. 333- 238865, filed on <br> April 29, 2025), (Incorporated herein by reference to Post-Effective Amendment No. 24 to the Registration Statement <br> on Form N-4, File No. 333-168710 filed on April 29, 2025); [Exhibit (h)(16)](https://www.sec.gov/Archives/edgar/data/1074760/000119312525103391/d926265dex99h16.htm)<br>|
| (i)(1) | &nbsp;&nbsp; Third Party Administration Agreement between Sun Life Assurance Company of Canada (U.S.) and McCamish <br> Systems, LLC (Incorporated herein by reference to Pre-Effective Amendment No. 2 to the Registration Statement on <br> Form N-6, File No. 333-143354, filed on October 10, 2007.) [Exhibit (i)(1)](http://www.sec.gov/Archives/edgar/data/1074760/000107476007000074/exi.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | &nbsp;&nbsp; Master Services Agreement by and between Sun Life Assurance Company of Canada (U.S.) and se2, Inc., dated <br> December 1, 2013. (Incorporated herein by reference to Post-Effective Amendment No. 15 to the Registration <br> Statement of Delaware Life Variable Account I on Form N-6, File No. 333-143354, filed on April 29, 2015.)[<br>Exhibit(i)(2)](http://www.sec.gov/Archives/edgar/data/1074760/000119312515155139/d892742dex99i2.htm)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) | [Services Agreement, dated July 1, 2025, between Zinnia Tech Solutions LLC and Delaware Life Insurance Company.](d938622dex99i3.htm)\* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) | [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.](d938622dex99i4.htm)\* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) | [Order Form, dated July 1, 2025, between Zinnia Tech Solutions LLC and Delaware Life Insurance Company.](d938622dex99i5.htm)\* |
| (j) | Not Applicable |
| (k)(1) | [Legal Opinion](d938622dex99k1.htm)\* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) | [Representation of Counsel pursuant to Rule 485(b)](d938622dex99k2.htm)\* |
| (l) | Not Applicable |
| (m) | Not Applicable |
| (n) | Not Applicable |
| (o) | Not Applicable |
| (p) | Not Applicable |
| (q) | Not Applicable |
| (r) | &nbsp;&nbsp; Form of Initial Template Summary Prospectus (Incorporated by reference to Post-Effective Amendment No. 30 to the <br> Registration Statement on Form N-6, File No. 333- 111688, filed on October 8, 2021); [Exhibit (r)](http://www.sec.gov/Archives/edgar/data/1020523/000119312521295165/d187888dex99r.htm)<br>|
| (s) | [Powers of Attorney](d938622dex99s.htm)\* |
| (t) | [Resolution of the Board of Directors of the Depositor authorizing the use of powers of attorney for Officer signatures](d938622dex99t.htm)\*  |

---

------

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) [Organization Chart for DLIC Sub-Holdings, LLC, the Depositor and Registrant](d938622dex99u.htm) \*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) [Consents of Independent Registered Public Accounting Firm](d938622dex99v.htm) \*

\*

Filed herewith.

ITEM 31. 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<sup>,</sup> Floor<br> Waltham, MA 02451<br>| Chief Legal Officer and Secretary |
| Andrew F. Kenney<br> Delaware Life Insurance Company<br> 230 Third Avenue, 6th<sup>,</sup> Floor<br> Waltham, MA 02451<br>| Chief Investment Officer |
| John J. Miceli, Jr.<br> Delaware Life Insurance Company<br> 10555 Group 1001 Way<br> Zionsville, IN 46077<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<sup>,</sup> Floor<br> Waltham, MA 02451<br>| President 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 32. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE DEPOSITOR OR THE 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 (u). 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 33. 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 of Delaware Life Variable Account F 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 34. PRINCIPAL UNDERWRITERS

(a) Clarendon Insurance Agency, Inc., which is a wholly-owned subsidiary of Delaware Life Insurance Company, acts as general distributor for the Registrant, Delaware Life Variable Accounts C, D, E, F, G, K and L, Keyport Variable Account A, KMA Variable Account and Keyport Variable Account I.

---

| | | |
|:---|:---|:---|
| (b) | Name and Principal<br> <u>Business Address\*</u><br>| &nbsp;&nbsp;&nbsp;&nbsp; Position and Offices<br> <u>with Underwriter</u><br>|
|  | Colin J. Lake | President and Director |
|  | Fang L. Wang | Director |
|  | Michael S. Bloom | Secretary and Director |
|  | James Joseph | Financial/Operations Principal |
|  | John J. Miceli, Jr. | Treasurer |
|  | 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) Not applicable.

------

ITEM 35. 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 230 Third Avenue, 6<sup>th</sup> Floor, Waltham, Massachusetts 02451, and 10555 Group 1001 Way, Zionsville, IN 46077, 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, Kansas 66636-0001.

ITEM 36. MANAGEMENT SERVICES

Not applicable.

ITEM 37. FEE REPRESENTATION

The Depositor represents that the fees and charges under the Policy, in the aggregate, are reasonable in relation to the services rendered, the expenses expected to be incurred, and the risks assumed by the Depositor.

------

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 I<br>(Registrant) | DELAWARE LIFE VARIABLE ACCOUNT I<br>(Registrant) |
| By: | */s/ Daniel J. Towriss\**<br>Daniel J. Towriss<br> Chief Executive Officer (Principal Executive <br> Officer) |
|  | */s/ Daniel J. Towriss\**<br>Daniel J. Towriss<br> Chief Executive Officer (Principal Executive <br> Officer) |

---

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

---

| | |
|:---|:---|
| DELAWARE LIFE INSURANCE COMPANY<br>(Depositor) | DELAWARE LIFE INSURANCE COMPANY<br>(Depositor) |
| By: | */s/ Daniel J. Towriss\**<br>Daniel J. Towriss<br> Chief Executive Officer (Principal Executive <br> Officer) |
|  | */s/ Daniel J. Towriss\**<br>Daniel J. Towriss<br> Chief Executive Officer (Principal Executive <br> Officer) |

---

As required by the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed below by the following persons in the capacities with the Depositor, Delaware Life Insurance Company, and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **SIGNATURE** | **TITLE** | **DATE** |
| */s/ Dennis A. Cullen\**<br>Dennis A. Cullen<br>| Director | June 30, 2026 |
| */s/ Michael K. Moran\**<br>Michael K. Moran<br>| Director | June 30, 2026 |
| */s/ Curtis P. Steger\**<br>Curtis P. Steger<br>| Director | June 30, 2026 |
| */s/ Daniel J. Towriss\**<br>Daniel J. Towriss<br>| Chief Executive Officer<br> (Principal Executive Officer)<br>| June 30, 2026 |
| */s/ Ellyn M. Nettleton\**<br>Ellyn M. Nettleton<br>| Chief Accounting Officer<br> (Principal Accounting Officer)<br>| June 30, 2026 |
| */s/ Fang L. Wang\**<br>Fang L. Wang<br>| President and Chief Financial Officer<br> (Principal Financial Officer)<br>| June 30, 2026 |
| *\*By: /s/ 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 (s). Resolution of the Board of Directors is included herein as Exhibit (t).

------

EXHIBIT INDEX

---

| | |
|:---|:---|
| (i)(3) | [Services Agreement](d938622dex99i3.htm) |
| (i)(4) | [Third Party Administration Addendum](d938622dex99i4.htm) |
| (i)(5) | [Order Form for Services Agreement](d938622dex99i5.htm) |
| (k)(1) | [Legal Opinion](d938622dex99k1.htm) |
| (k)(2) | [Representation of Counsel Pursuant to Rule 485(b)](d938622dex99k2.htm) |
| (s) | [Powers of Attorney](d938622dex99s.htm) |
| (t) | [Resolution of the Board of Directors of the Depositor authorizing the use of powers of attorney for Officer signatures](d938622dex99t.htm) |
| (u) | [Organization Chart of the Registrant, the Depositor and DLIC Sub-Holdings, LLC](d938622dex99u.htm) |
| (v) | [Consents of Independent Registered Public Accounting Firm](d938622dex99v.htm) |

---

------

## Ex-99.(I)(3)

**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.

------

&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.

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| | | | |
|:---|:---|:---|:---|
| **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.

------

**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.

------

"**<u>Security Incident</u>**" means any successful attempt, or attempt Zinnia has reasonable confidence was either successful or material, to gain unauthorized access to, disrupt or misuse an information system containing Customer Data or information stored therein, including any unauthorized access, acquisition, use or Processing of Customer Data.

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EXHIBIT 3 – SUBCONTRACTORS

**NTT DATA, Inc.** – (offshore, onshore and nearshore) information technology infrastructure support; application development, and application maintenance and support; (offshore, onshore and nearshore) staff augmentation. NTT DATA, Inc. subcontracts to NTT DATA Global Delivery Service Limited and NTT DATA Canada, Inc.

**O'Neil Digital Solutions, LLC** – print services.

**RR Donnelley Global Investment Markets, a division of RR Donnelley & Sons Company** – compliance mailing and printing; RR Donnelley subcontracts to RTC Direct Mailing for prospectus, annual and semi-annual report mailing and to MBS Insight, Inc. for NCOA scrubbing.

**SOVOS Compliance (f/k/a Convey Compliance Systems, Inc.)** – withholding calculations, payments to taxing authorities and tax statement mailing; Convey subcontracts to CDW for data hosting facilities and disaster recovery services and to Venture Solutions (f/k/a Scicom) for print services and incoming mail services.

**Iron Mountain Information Management, LLC (f/k/a Stacks LLC)** – file storage and document destruction.

**TierPoint, LLC (f/k/a CoSentry.net, LLC)** – back-up printing and disaster recovery.

**Veritas Documents Solutions, LLC (an RR Donnelley Company)** – compliance mailing.

**Accenture LLP** – systems upgrades and support; staff augmentation.

**AdvantageTech, Inc.** – staff augmentation.

**Andrew Reise, LLC d/b/a Andrew Reise Consulting** – staff augmentation (Delivery support such as Project Management, Business analysts, Programmers, etc.).

**Broadridge Customer Communications Central, LLC** - print and print related services.

**Broadridge Mailing Services, LLC** – postage and shipping services.

**Cathedral Corporation** – electronic statement presentment/rendering services for an existing archive of PDFs.

**Clarion Resourcing** – staff augmentation.

**Cooperative Technologies, Inc.** – access to the CT Ceding Carrier Contact and Replacement Requirements Database.

**Deloitte Consulting, LLP** - staff augmentation (Delivery support such as Project Management, Business analysts, Programmers, etc.).

**Depository Trust and Clearing Corp – (Customer relationship) –** positions, prices.

**DST Systems, Inc. (Customer relationship) –** FANmail/Vision, positions, prices.

**Flexible Architecture and Simplified Technologies, Inc. –** product setup, systems upgrades and support; staff augmentation (Delivery support for management of the Fast admin platform).

**Hyland Software, Inc.** – software set up, installation of system modifications, error correction and other application and database level development.

**LexisNexis Risk Solutions FL Inc. –** Validate dates of birth and locate lost contract holders and/or beneficiaries.

**Microsoft** - hosted subscription service.

**Mphasis Limited (onshore and offshore)** – staff augmentation, project-related work; managed services.

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**Premier Personnel, Inc., d/b/a Premier Employment Solutions –** staff augmentation resources (Business Processes (call center, administrative, etc.).

**Genpact (UK) Limited** – US based staff augmentation

**Records Center of Topeka, a division of Underground Vaults & Storage, Inc.** – back up tapes storage.

**SS and C Technologies, Inc. –** Address Screener.

**TriCom Technical Services, L.C. –** staff augmentation (Delivery support such as Project Management, Business Analysts, Programmers, etc.).

**Venio LLC, d/b/a Keane –** lost shareholder searches.

**VTX LLC** – staff augmentation.

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EXHIBIT 4 – POTENTIAL TERMINATED TPA OPERATIONS SERVICES

---

| | |
|:---|:---|
| **TPA Operations Service** | **Reduction of TPA Services Fee\* (based on the Services**<br> **provided on the date hereof)\*** |
| FAST/LifeCad Redemptions Full / Partial – ALL types (transfers, 1035 exchanges, etc...) | [\*\*\*] |
| Banking Changes | [\*\*\*] |
| FAST/LifeCad Claims Processing | [\*\*\*] |
| LifeCad Initial Claims Packages | [\*\*\*] |
| Licensing – processing | [\*\*\*] |
| Licensing & Commissions – Calls | [\*\*\*] |

---

\* The percentage reduction is calculated based on the Services listed in the TPA Order Form as of the Effective Date. If any of these Services are removed, the percentage allocations for the remaining Services will be adjusted proportionately. Transitional Services are excluded from this calculation and will be scoped separately. In the event a Service is taken back, Zinnia will apply a proportional deduction to the associated pricing in the TPA Order Form to reflect the reduced service scope. 

------

EXHIBIT 5 – COUNTRIES FOR SERVICES

1. United States

2. India

3. Canada

4. Ireland

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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)(4)

**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.

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*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)(5)

---

| | |
|:---|:---|
| ![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. 26 to the Registration Statement of Delaware Life Variable Account I on Form N-6, File No. 333-143354

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") of Delaware Life Variable Account I (the "Variable Account"), a separate account of Delaware Life Insurance Company, a Delaware corporation (the "Company"), with respect to the proposed sale of an indefinite amount of flexible premium combination fixed and variable life insurance policies (the "Policies") described in the prospectus (the "Prospectus") contained in the Registration Statement.

I have examined all such corporate records of the Company and such other documents and laws as I consider necessary as a basis for this opinion. On the basis of such examination, it is my opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Company is a corporation in good standing duly organized and validly existing under the laws of the state
of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Variable Account has been duly established by the Company under the laws of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Assets allocated to the Variable Account will be owned by the Company, and the Policies provide that the
portion of assets of the Variable Account equal to the reserves and other Policy liabilities with respect to the Variable Account will not be chargeable with liabilities arising out of any other business the Company may conduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. When issued and sold as described in the Prospectus, the Policies will be duly authorized and will constitute
validly issued 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<br>|
|  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 I (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.(S)

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.(T)

![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.(U)

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.(V)

**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 I, 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